Civic Intelligence

Riverview Credit Union

990 • Fiscal year 2014 • EIN 41-6031223

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 30, 2015

Organization ProfileWWW.MYRCU.COM

View Organization Page

115 Hardman Ave SouthSouth Saint Paul, MN 55075

(651) 224-4631

Siviq Scores

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

Liabilities / Assets

29th percentile

0.82x

Higher debt load relative to assets than 29% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

45th percentile

19.33x

Higher debt load relative to revenue than 45% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Net Margin

39th percentile

1.0%

Higher net margin than 39% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

90th percentile

$81,334

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 36.7% of source-year revenue.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2014

Asset Growth

83rd percentile

5.5%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

-3.4%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets29th percentile

Assets

Flat

$5,231,503

Flat from 2014

Net Assets

Flat

$942,600

Flat from 2014

Liabilities

Flat

$4,288,903

Flat from 2014

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin39th percentile

Revenue

Flat

$221,914

Flat from 2014

Expenses

Flat

$219,790

Flat from 2014

Net Income

Flat

$2,124

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,444,849Liabilities 2011: $3,525,145Net Assets 2011: $919,7042011Assets 2012: $4,754,598Liabilities 2012: $3,819,152Net Assets 2012: $935,4462012Assets 2013: $4,958,394Liabilities 2013: $4,017,918Net Assets 2013: $940,4762013Assets 2014: $5,231,503Liabilities 2014: $4,288,903Net Assets 2014: $942,6002014Assets 2014: $5,231,503Liabilities 2014: $4,288,903Net Assets 2014: $942,6002014Assets 2015: $5,282,235Liabilities 2015: $4,326,880Net Assets 2015: $955,3552015Assets 2016: $5,362,638Liabilities 2016: $4,381,951Net Assets 2016: $980,6872016Assets 2017: $5,527,239Liabilities 2017: $4,532,909Net Assets 2017: $994,3302017Assets 2018: $5,732,828Liabilities 2018: $4,703,893Net Assets 2018: $1,028,9352018Assets 2019: $6,344,133Liabilities 2019: $5,271,233Net Assets 2019: $1,072,9002019Assets 2020: $7,243,830Liabilities 2020: $6,154,952Net Assets 2020: $1,088,8782020Assets 2021: $7,845,773Liabilities 2021: $6,714,019Net Assets 2021: $1,131,7542021Assets 2022: $7,759,280Liabilities 2022: $6,578,327Net Assets 2022: $1,180,9532022Assets 2023: $7,498,185Liabilities 2023: $6,262,888Net Assets 2023: $1,235,2972023

Highlighted filing

2014

Assets$5,231,503
Liabilities$4,288,903
Net Assets$942,600
Open 2014 Filing

Operations Trend

Revenue Growth41st percentile

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

$400K$300K$200K$100K$0Expenses 2011: $230,0622011Expenses 2012: $230,2582012Revenue 2013: $229,789Expenses 2013: $224,759Net Income 2013: $5,0302013Revenue 2014: $221,914Expenses 2014: $219,790Net Income 2014: $2,1242014Revenue 2014: $221,914Expenses 2014: $219,790Net Income 2014: $2,1242014Revenue 2015: $249,674Expenses 2015: $236,919Net Income 2015: $12,7552015Revenue 2016: $255,824Expenses 2016: $230,492Net Income 2016: $25,3322016Revenue 2017: $251,375Expenses 2017: $237,732Net Income 2017: $13,6432017Revenue 2018: $287,186Expenses 2018: $252,581Net Income 2018: $34,6052018Revenue 2019: $304,320Expenses 2019: $260,355Net Income 2019: $43,9652019Revenue 2020: $291,625Expenses 2020: $275,647Net Income 2020: $15,9782020Revenue 2021: $320,830Expenses 2021: $277,954Net Income 2021: $42,8762021Revenue 2022: $356,408Expenses 2022: $307,209Net Income 2022: $49,1992022Revenue 2023: $385,006Expenses 2023: $330,662Net Income 2023: $54,3442023

Highlighted filing

2014

Revenue$221,914
Expenses$219,790
Net Income$2,124
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 30, 2015
Return Version
2014v5.0
Gross Receipts
$221,914
Mission and Program Overview

Mission

To provide courteous, professional, and competitive financial services to meet the needs of our members while maintaining accurate and efficient operations to safeguard our members assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,150,873$3,531,340▲ $380,467
Savings and Temporary Cash Investments$1,096,539$1,385,870▲ $289,331
Rtn Earn Endowment Incm Other Fnds$940,476$942,600▲ $2,124
Investments Program Related$638,970$233,630▼ $405,340
Cash and Non-Interest-Bearing Accounts$6,018$15,709▲ $9,691
Land, Buildings, and Equipment, Net$16,267$11,639▼ $4,628
Prepaid Expenses and Deferred Charges$3,518$9,274▲ $5,756
Total Assets$4,958,394$5,231,503▲ $273,109
Other Assets Total$46,209$44,041▼ $2,168
Liabilities
Other Liabilities$4,010,918$4,283,098▲ $272,180
Accounts Payable and Accrued Expenses$7,000$5,805▼ $1,195
Total Liabilities$4,017,918$4,288,903▲ $270,985
Net Assets / Fund Balance
Total Net Assets Fund Balance$940,476$942,600▲ $2,124
Total Liabilities and Net Assets / Fund Balance$4,958,394$5,231,503▲ $273,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,639$9,395$21,034
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julia HavensPresidentFT$75,367$5,967$81,334

Board Members and Trustees

NameTitle
Tamara SnazaChair
Richard BauerVice Chair
Larry TobiasDirector
Steven HirteDirector
Warren MitchellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$207,276
Investment Income
$14,053
Other Revenue
$585
Change in Net Assets
$2,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$124,511
Other Expenses$95,279
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$75,367
Office Expenses---$34,395
Other Salaries and Wages---$32,031
Information Technology---$26,662
Other Expenses---$11,213
Payroll Taxes---$8,231
Insurance---$8,132
Pension Plan Contributions---$6,444
Depreciation Depletion---$4,628
Conferences and Meetings---$4,032
Fees for Services Other---$2,880
Other Employee Benefits---$2,438
Fees for Services Accounting---$1,398
Travel---$1,107
Advertising---$832
Total Functional Expenses$0$0$0$219,790
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$4,283,098
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has members. To be a member, you must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides data to independent cpa who prepares the return. Management reviews the return for accuracy, and then authorizes cpa to e-file the approved return.”

Form 990, Page 6, Part VI, Line 15A

“The board reviews / discusses / approves on an annual basis employee performance and any pay raise or bonus granted to employees. The outcome is documented in each respective employee file and in the board minutes.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and conflict of interest policy are available upon request. The monthly consolidated financial statement is posted in the credit union office.”

Filing and Contact Details

Filer

Filer Name
Riverview Credit Union
EIN
41-6031223
Phone
6512244631
Address
115 HARDMAN AVE SOUTH, SOUTH SAINT PAUL, MN 55075

Signing Officer

Name
Julia Havens
Title
President/CEO
Phone
6512244631
Signed
2015-03-30

Organization Details

Principal Officer
Julia Havens
Formed
1931
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
8

Preparer

Preparer
Brent Wookey CPA
Raw XML Appendix302 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER, YOU MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT PROVIDES DATA TO INDEPENDENT CPA WHO PREPARES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS / DISCUSSES / APPROVES ON AN ANNUAL BASIS EMPLOYEE PERFORMANCE AND ANY PAY RAISE OR BONUS GRANTED TO EMPLOYEES. THE OUTCOME IS DOCUMENTED IN EACH RESPECTIVE EMPLOYEE FILE AND IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE MONTHLY CONSOLIDATED FINANCIAL STATEMENT IS POSTED IN THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04958394
IRS990/TotalAssetsEOYAmt05231503
IRS990/TotalAssetsGrp/BOYAmt04958394
IRS990/TotalAssetsGrp/EOYAmt05231503
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219790
IRS990/TotalGrossUBIAmt0600
IRS990/TotalLiabilitiesBOYAmt04017918
IRS990/TotalLiabilitiesEOYAmt04288903
IRS990/TotalLiabilitiesGrp/BOYAmt04017918
IRS990/TotalLiabilitiesGrp/EOYAmt04288903
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0940476
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0942600
IRS990/TotalOtherCompensationAmt05967
IRS990/TotalProgramServiceRevenueAmt0207276
IRS990/TotalReportableCompFromOrgAmt075367
IRS990/TotalRevenueGrp/ExclusionAmt014638
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0206676
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0221914
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0600
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04958394
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05231503
IRS990/TravelGrp/TotalAmt01107
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 HARDMAN AVE SOUTH
IRS990/USAddress/CityNm0SOUTH SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055075
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MYRCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIA HAVENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06512244631
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVERVIEW CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0416031223
ReturnHeader/Filer/PhoneNum06512244631
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 HARDMAN AVE SOUTH
ReturnHeader/Filer/USAddress/CityNm0SOUTH SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055075
ReturnHeader/PreparerPersonGrp/PreparationDt02015-04-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/ReturnTs02015-04-06T11:48:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,231,503
Liabilities
$4,288,903
Net assets
$942,600
Revenue
$221,914
Expenses
$219,790
Net income
$2,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$7.50$6.26$1.24$0.39$0.33$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$6.58$1.18$0.36$0.31$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$6.71$1.13$0.32$0.28$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.24$6.15$1.09$0.29$0.28$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$5.27$1.07$0.30$0.26$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$4.70$1.03$0.29$0.25$0.03
2017Summary only. Only limited summary data is available for this year.$5.53$4.53$0.99$0.25$0.24$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.36$4.38$0.98$0.26$0.23$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.28$4.33$0.96$0.25$0.24$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.23$4.29$0.94$0.22$0.22$0.00
2014Summary only. Only limited summary data is available for this year.$5.23$4.29$0.94$0.22$0.22$0.00
2013Detailed filing. Detailed filing data is available for this year.$4.96$4.02$0.94$0.23$0.22$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$3.82$0.94$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.44$3.53$0.92$0.23