Civic Intelligence

Sharepoint Credit Union

990 • Fiscal year 2021 • EIN 41-6024250

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

Organization ProfileWWW.SHAREPOINTCU.COM

View Organization Page

5300 Hyland Greens DriveBloomington, MN 55437

(952) 930-0700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.90x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

21.44x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Net Margin

65th percentile

21%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$331,753

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Asset Growth

51st percentile

11%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

7.6%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$305,038,768

Up $31,314,494 (+11%) from 2020

Net Assets

Up

$31,617,825

Up $1,189,305 (+3.9%) from 2020

Liabilities

Up

$273,420,943

Up $30,125,189 (+12%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin65th percentile

Revenue

Up

$12,754,371

Up $903,119 (+7.6%) from 2020

Expenses

Down

$10,093,236

Down $1,053,158 (-9.4%) from 2020

Net Income

Up

$2,661,135

Up $1,956,277 (+278%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2008: $151,646,130Liabilities 2008: $131,386,182Net Assets 2008: $20,259,9482008Assets 2009: $175,499,320Liabilities 2009: $156,652,646Net Assets 2009: $18,846,6742009Assets 2010: $169,143,835Liabilities 2010: $149,573,209Net Assets 2010: $19,570,6262010Assets 2011: $172,935,635Liabilities 2011: $153,237,055Net Assets 2011: $19,698,5802011Assets 2012: $178,033,155Liabilities 2012: $157,867,427Net Assets 2012: $20,165,7282012Assets 2013: $182,410,158Liabilities 2013: $161,686,206Net Assets 2013: $20,723,9522013Assets 2014: $182,829,558Liabilities 2014: $160,878,175Net Assets 2014: $21,951,3832014Assets 2015: $190,783,274Liabilities 2015: $168,029,096Net Assets 2015: $22,754,1782015Assets 2016: $193,617,596Liabilities 2016: $169,918,263Net Assets 2016: $23,699,3332016Assets 2017: $200,148,899Liabilities 2017: $175,667,430Net Assets 2017: $24,481,4692017Assets 2018: $234,856,842Liabilities 2018: $207,079,783Net Assets 2018: $27,777,0592018Assets 2019: $240,631,362Liabilities 2019: $211,254,083Net Assets 2019: $29,377,2792019Assets 2020: $273,724,274Liabilities 2020: $243,295,754Net Assets 2020: $30,428,5202020Assets 2021: $305,038,768Liabilities 2021: $273,420,943Net Assets 2021: $31,617,8252021Assets 2022: $301,847,675Liabilities 2022: $277,243,214Net Assets 2022: $24,604,4612022Assets 2023: $298,126,897Liabilities 2023: $270,493,328Net Assets 2023: $27,633,5692023Assets 2024: $379,067,778Liabilities 2024: $345,224,240Net Assets 2024: $33,843,5382024

Highlighted filing

2021

Assets$305,038,768
Liabilities$273,420,943
Net Assets$31,617,825
Open 2021 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2008: $10,597,635Expenses 2008: $10,325,019Net Income 2008: $272,6162008Revenue 2009: $10,203,867Expenses 2009: $13,205,760Net Income 2009: -$3,001,8932009Revenue 2010: $9,657,487Expenses 2010: $9,097,071Net Income 2010: $560,4162010Revenue 2011: $8,714,845Expenses 2011: $8,653,817Net Income 2011: $61,0282011Revenue 2012: $8,341,545Expenses 2012: $7,837,807Net Income 2012: $503,7382012Revenue 2013: $8,790,484Expenses 2013: $7,782,329Net Income 2013: $1,008,1552013Revenue 2014: $8,711,891Expenses 2014: $7,697,271Net Income 2014: $1,014,6202014Revenue 2015: $8,707,606Expenses 2015: $7,535,472Net Income 2015: $1,172,1342015Revenue 2016: $9,086,653Expenses 2016: $8,199,739Net Income 2016: $886,9142016Revenue 2017: $9,368,856Expenses 2017: $8,478,511Net Income 2017: $890,3452017Revenue 2018: $11,143,898Expenses 2018: $10,136,162Net Income 2018: $1,007,7362018Revenue 2019: $12,074,874Expenses 2019: $10,840,031Net Income 2019: $1,234,8432019Revenue 2020: $11,851,252Expenses 2020: $11,146,394Net Income 2020: $704,8582020Revenue 2021: $12,754,371Expenses 2021: $10,093,236Net Income 2021: $2,661,1352021Revenue 2022: $12,280,437Expenses 2022: $10,449,938Net Income 2022: $1,830,4992022Revenue 2023: $13,123,452Expenses 2023: $12,464,305Net Income 2023: $659,1472023Revenue 2024: $19,969,080Expenses 2024: $19,677,818Net Income 2024: $291,2622024

Highlighted filing

2021

Revenue$12,754,371
Expenses$10,093,236
Net Income$2,661,135
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$31,340,707
Mission and Program Overview

Mission

The credit union's mission is to offer competitive loan and deposit products to our membership to create lifelong financial relationships.

The credit union's mission is to offer competitive loan and deposit products to our membership to crease lifelong financial relationships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$166,270,043$161,793,032▼ $4,477,011
Investments in Publicly Traded Securities$52,786,860$95,075,658▲ $42,288,798
Rtn Earn Endowment Incm Other Fnds$30,428,520$31,617,825▲ $1,189,305
Savings and Temporary Cash Investments$27,754,738$23,523,942▼ $4,230,796
Investments Other Securities$6,255,707$6,751,707▲ $496,000
Land, Buildings, and Equipment, Net$4,789,185$4,563,327▼ $225,858
Receivables From Officers Etc-$3,105,734-
Cash and Non-Interest-Bearing Accounts$1,270,677$996,104▼ $274,573
Accounts Receivable$485,814$412,873▼ $72,941
Prepaid Expenses and Deferred Charges$537,804$352,081▼ $185,723
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$273,724,274$305,038,768▲ $31,314,494
Other Assets Total$13,573,446$8,464,310▼ $5,109,136
Liabilities
Other Liabilities$241,350,295$272,472,465▲ $31,122,170
Accounts Payable and Accrued Expenses$1,945,459$948,478▼ $996,981
Total Liabilities$243,295,754$273,420,943▲ $30,125,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,428,520$31,617,825▲ $1,189,305
Total Liabilities and Net Assets / Fund Balance$273,724,274$305,038,768▲ $31,314,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,953,480$1,167,255$4,120,735
Equipment$355,648$2,354,747$2,710,395
Land$1,202,810-$1,202,810
Leasehold Improvements$51,389$47,800$99,189
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip KopischkeCEOFT$319,718$12,035$331,753
Julie TannerCFOFT$161,054$6,781$167,835
Kerri HinikerVice President of LendingFT$134,517$4,346$138,863
Jean DrinkwineMortgage Loan OfficerFT$127,225$11,340$138,565
Brad HuegelMortgage Loan OfficerFT$128,250$3,866$132,116
Paul VorkVice President of Finance/FT$111,231$3,241$114,472
Joseph BudnickChair-$3,082-$3,082
Todd CorboSecretary-$2,970-$2,970
Scott WeichtDirector-$2,407-$2,407
Gary HawleyDirector-$2,277-$2,277
Joseph SchmidtDirector-$2,250-$2,250
Alan PedersonDirector-$2,250-$2,250
Jean GalloDirector-$1,980-$1,980
Nicholas NelsonVice Chair-$1,417-$1,417
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,736,644
Investment Income
$955,567
Other Revenue
$62,160
Change in Net Assets
$2,661,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,754,371
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,754,371
Total Revenue per Form 990
$12,754,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,318,295
Salaries, Compensation, and Employee Benefits$4,774,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,016,355
Other Employee Benefits---$991,468
Current Officers, Directors, Trustees, and Key Employees---$499,588
Other Expenses---$437,577
Office Expenses---$402,544
Depreciation Depletion---$346,402
Occupancy---$340,329
All Other Expenses---$303,155
Information Technology---$302,582
Fees for Services Other---$286,279
Advertising---$284,797
Payroll Taxes---$267,530
Fees for Services Accounting---$54,000
Travel---$44,836
Fees for Services Legal---$20,430
Conferences and Meetings---$19,683
Insurance---$11,307
Total Functional Expenses$0$0$0$10,093,236

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,093,236
Total Expenses per Audited Statements$10,093,236
Total Expenses per Form 990$10,093,236
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kelli HansonDaughter of Julie Tanner (cfo)Compensation Paid to Daughter of Julie Tanner (cfo)No$48,538

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$3,105,734-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARE AND DEPOSITS$272,472,465
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Alan pederson and nicholas nelson have a family relationship.”

Form 990, Part VI, Section A, Line 6

“The credit union is comprised of a single class of approximately 23,000 member-owners, each of which has equal rights in ownership, governance, and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors.”

Form 990, Part VI, Section A, Line 7A

“The member-owners of the credit union have the authority to elect the members of the board of directors for three-year terms on a rotating basis. Candidates are elected by a simple plurality vote. The board of directors appoint volunteers to serve on the supervisory committee, which is vested with monitoring safety and sound ship of the organization. If deemed appropriate, the supervisory committee can suspend board members and can call a special meeting of the membership to evaluate the issue and vote to either dismiss or reinstate the board member.”

Form 990, Part VI, Section A, Line 7B

“Changes to the governing documents (bylaws) must be approved by the member-owners after they have been approved by the board of directors and the regulatory agency. Approval occurs when at least 50% of the member-owners vote to approve.”

Form 990, Part VI, Section B, Line 11B

“The accounting staff prepares the necessary documents for the completion of the 990. Prior to being filed with the irs, a member of senior management reviews the return for accuracy.”

Form 990, Part VI, Section B, Line 12

“The board code of ethics policy is signed each year and reviewed by the supervisory committee. Violation of the code of ethics policy can result in removal from the board.”

Form 990, Part VI, Section B, Line 15A

“The ceo's compensation is determined by the executive committee of the board. They use comparable industry data produced by cuna to determine the pay range. Performance is documented on an annual review form completed by all board directors. Other key officers are reviewed on an annual basis by the ceo. Pay ranges are determined by industry salary surveys.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the credit union's lobbies and on our website. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sharepoint Credit Union
EIN
41-6024250
Phone
9529300700
Address
5300 HYLAND GREENS DRIVE, BLOOMINGTON, MN 55437

Signing Officer

Name
Julie a Tanner
Title
CFO
Phone
9529300700
Signed
2022-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Kopischke
Formed
1933
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
77
Volunteers
12

Preparer

Firm
Wipfli Llp
Address
PO BOX 8010, WAUSAU, WI 54402-8010
Preparer
Mary a Coates CPA
Phone
7158453111
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The credit union may recognize a liability for unrecognized tax benefits from uncertain tax positions. Unrecognized tax benefits represent the differences between a tax position taken or expected to be taken in a tax return and the benefit recognized and measured in the financial statement. Interest and penalties related to unrecognized tax benefits are classified as income tax expense.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT OF LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt11MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT OF FINANCE/
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt022472
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt018608808
IRS990/GrossReceiptsAmt031340707
IRS990/GrossRentsGrp/RealAmt062160
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0302582
IRS990/InsuranceGrp/TotalAmt011307
IRS990/InvestmentIncomeGrp/ExclusionAmt0933095
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0933095
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06255707
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06751707
IRS990/InvestmentsPubTradedSecGrp/BOYAmt052786860
IRS990/InvestmentsPubTradedSecGrp/EOYAmt095075658
IRS990/IRPDocumentCnt04501
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03569802
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04789185
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04563327
IRS990/LandBldgEquipCostOrOtherBssAmt08133129
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt018586336
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CREDIT UNION'S MISSION IS TO OFFER COMPETITIVE LOAN AND DEPOSIT PRODUCTS TO OUR MEMBERSHIP TO CREATE LIFELONG FINANCIAL RELATIONSHIPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt030428520
IRS990/NetAssetsOrFundBalancesEOYAmt031617825
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt022472
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022472
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt062160
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt062160
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1471830
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0340329
IRS990/OfficeExpensesGrp/TotalAmt0402544
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013573446
IRS990/OtherAssetsTotalGrp/EOYAmt08464310
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0991468
IRS990/OtherExpensesGrp/Desc0DIVIDENDS ON MEMBER SHA
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2DEBIT & CREDIT CARD EXP
IRS990/OtherExpensesGrp/Desc3ATM EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01089836
IRS990/OtherExpensesGrp/TotalAmt1904735
IRS990/OtherExpensesGrp/TotalAmt2469803
IRS990/OtherExpensesGrp/TotalAmt3437577
IRS990/OtherLiabilitiesGrp/BOYAmt0241350295
IRS990/OtherLiabilitiesGrp/EOYAmt0272472465
IRS990/OtherOrganizationDsc0CU
IRS990/OtherSalariesAndWagesGrp/TotalAmt03016355
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0166270043
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0161793032
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0267530
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0537804
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0352081
IRS990/PrincipalOfficerNm0PHILLIP KOPISCHKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08521647
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13212857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08521647
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13214997
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02140
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION OFFICES.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0733440
IRS990/PYOtherExpensesAmt06666380
IRS990/PYOtherRevenueAmt062160
IRS990/PYProgramServiceRevenueAmt011055652
IRS990/PYRevenuesLessExpensesAmt0704858
IRS990/PYSalariesCompEmpBnftPaidAmt04480014
IRS990/PYTotalExpensesAmt011146394
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011851252
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt03105734
IRS990/ReconcilationRevenueExpnssAmt02661135
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt062160
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030428520
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031617825
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027754738
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023523942
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02953480
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01167255
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04120735
IRS990ScheduleD/EquipmentGrp/BookValueAmt0355648
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02354747
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02710395
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010093236
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01202810
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01202810
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051389
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047800
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt099189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0272472465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARE AND DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012754371
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENT. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04563327
IRS990ScheduleD/TotalExpensesPerForm990Amt010093236
IRS990ScheduleD/TotalLiabilityAmt0272472465
IRS990ScheduleD/TotalRevenuePerForm990Amt012754371
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012754371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010093236
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0319718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1161054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt14331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt12450
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP KOPISCHKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JULIE TANNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0331753
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1167835
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KELLI HANSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER OF JULIE TANNER (CFO)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt048538
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION PAID TO DAUGHTER OF JULIE TANNER (CFO)
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0555613
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12550121
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT-DOLLAR LIFE INSURANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SPLIT-DOLLAR LIFE INSURANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0487500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt12237500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JULIE TANNER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1PHILLIP KOPISCHKE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CFO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt03105734
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALAN PEDERSON AND NICHOLAS NELSON HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 23,000 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING SAFETY AND SOUND SHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE THE BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ACCOUNTING STAFF PREPARES THE NECESSARY DOCUMENTS FOR THE COMPLETION OF THE 990. PRIOR TO BEING FILED WITH THE IRS, A MEMBER OF SENIOR MANAGEMENT REVIEWS THE RETURN FOR ACCURACY.

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$305,038,768
Liabilities
$273,420,943
Net assets
$31,617,825
Revenue
$12,754,371
Expenses
$10,093,236
Net income
$2,661,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$379$345$33.8$20.0$19.7$0.29
2023Summary only. Only limited summary data is available for this year.$298$270$27.6$13.1$12.5$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$302$277$24.6$12.3$10.4$1.83
2021Detailed filing. Detailed filing data is available for this year.$305$273$31.6$12.8$10.1$2.66
2020Summary only. Only limited summary data is available for this year.$274$243$30.4$11.9$11.1$0.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$241$211$29.4$12.1$10.8$1.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$235$207$27.8$11.1$10.1$1.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$176$24.5$9.37$8.48$0.89
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$194$170$23.7$9.09$8.20$0.89
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$191$168$22.8$8.71$7.54$1.17
2014Detailed filing. Detailed filing data is available for this year.$183$161$22.0$8.71$7.70$1.01
2013Detailed filing. Detailed filing data is available for this year.$182$162$20.7$8.79$7.78$1.01
2012Summary only. Only limited summary data is available for this year.$178$158$20.2$8.34$7.84$0.50
2011Summary only. Only limited summary data is available for this year.$173$153$19.7$8.71$8.65$0.06
2010Summary only. Only limited summary data is available for this year.$169$150$19.6$9.66$9.10$0.56
2009Summary only. Only limited summary data is available for this year.$175$157$18.8$10.2$13.2$3.00
2008Summary only. Only limited summary data is available for this year.$152$131$20.3$10.6$10.3$0.27
Peer Organizations

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