Civic Intelligence

Riverview Credit Union

990 • Fiscal year 2016 • EIN 41-6031223

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 28, 2017

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

31st percentile

0.82x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

41st percentile

17.13x

Higher debt load relative to revenue than 41% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Net Margin

67th percentile

9.9%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$86,075

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 33.6% of source-year revenue.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Asset Growth

60th percentile

1.5%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

2.5%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$5,362,638

Up $80,403 (+1.5%) from 2015

Net Assets

Up

$980,687

Up $25,332 (+2.7%) from 2015

Liabilities

Up

$4,381,951

Up $55,071 (+1.3%) from 2015

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin67th percentile

Revenue

Up

$255,824

Up $6,150 (+2.5%) from 2015

Expenses

Down

$230,492

Down $6,427 (-2.7%) from 2015

Net Income

Up

$25,332

Up $12,577 (+99%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th 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 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

2016

Assets$5,362,638
Liabilities$4,381,951
Net Assets$980,687
Open 2016 Filing

Operations Trend

Revenue Growth60th 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 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

2016

Revenue$255,824
Expenses$230,492
Net Income$25,332
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 28, 2017
Return Version
2016v3.0
Gross Receipts
$255,824
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$3,781,535$3,601,675▼ $179,860
Savings and Temporary Cash Investments$1,373,005$1,521,936▲ $148,931
Rtn Earn Endowment Incm Other Fnds$955,355$980,687▲ $25,332
Investments Program Related$29,112$179,112▲ $150,000
Cash and Non-Interest-Bearing Accounts$38,026$6,726▼ $31,300
Prepaid Expenses and Deferred Charges$6,888$6,182▼ $706
Land, Buildings, and Equipment, Net$7,088$3,390▼ $3,698
Total Assets$5,282,235$5,362,638▲ $80,403
Other Assets Total$46,581$43,617▼ $2,964
Liabilities
Other Liabilities$4,319,499$4,373,992▲ $54,493
Accounts Payable and Accrued Expenses$7,381$7,959▲ $578
Total Liabilities$4,326,880$4,381,951▲ $55,071
Net Assets / Fund Balance
Total Net Assets Fund Balance$955,355$980,687▲ $25,332
Total Liabilities and Net Assets / Fund Balance$5,282,235$5,362,638▲ $80,403

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,390$17,644$21,034
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julia HavensPresident /FT$79,801$6,274$86,075

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$245,906
Investment Income
$9,446
Other Revenue
$472
Change in Net Assets
$25,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$131,023
Other Expenses$99,469
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---$79,801
Office Expenses---$40,480
Other Salaries and Wages---$33,221
Information Technology---$29,180
Other Expenses---$10,240
Insurance---$9,128
Payroll Taxes---$8,712
Pension Plan Contributions---$6,781
Depreciation Depletion---$3,698
Conferences and Meetings---$2,576
Other Employee Benefits---$2,508
Fees for Services Accounting---$1,808
Travel---$834
Fees for Services Other---$821
Advertising---$704
Total Functional Expenses$0$0$0$230,492
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$4,373,992
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 one 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 preparer who completes the return. Management reviews the return for accuracy, and then authorizes preparer to e-file the approved return.”

Form 990, Page 6, Part VI, Line 12C

“Each board member is required to sign the conflict of inerest policy attestation annually.”

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. This 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 / Director
Phone
6152244631
Signed
2017-03-28

Organization Details

Principal Officer
Julia Havens
Formed
1931
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
2
Volunteers
5

Preparer

Preparer
Peter Rasmussen
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

“During 2016 began offereing smaller dollar mortgage loans to help members who would not quality for conventional mortgages.”

Raw XML Appendix305 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/ExplanationTxt0DURING 2016 BEGAN OFFEREING SMALLER DOLLAR MORTGAGE LOANS TO HELP MEMBERS WHO WOULD NOT QUALITY FOR CONVENTIONAL MORTGAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 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/ExplanationTxt4MANAGEMENT PROVIDES DATA TO INDEPENDENT PREPARER WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES PREPARER TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INEREST POLICY ATTESTATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD REVIEWS / DISCUSSES / APPROVES ON AN ANNUAL BASIS EMPLOYEE PERFORMANCE AND ANY PAY RAISE OR BONUS GRANTED TO EMPLOYEES. THIS IS DOCUMENTED IN EACH RESPECTIVE EMPLOYEE FILE AND IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05282235
IRS990/TotalAssetsEOYAmt05362638
IRS990/TotalAssetsGrp/BOYAmt05282235
IRS990/TotalAssetsGrp/EOYAmt05362638
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0230492
IRS990/TotalGrossUBIAmt025
IRS990/TotalLiabilitiesBOYAmt04326880
IRS990/TotalLiabilitiesEOYAmt04381951
IRS990/TotalLiabilitiesGrp/BOYAmt04326880
IRS990/TotalLiabilitiesGrp/EOYAmt04381951
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0955355
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0980687
IRS990/TotalOtherCompensationAmt06274
IRS990/TotalProgramServiceRevenueAmt0245906
IRS990/TotalReportableCompFromOrgAmt079801
IRS990/TotalRevenueGrp/ExclusionAmt09918
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0245881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255824
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt025
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05282235
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05362638
IRS990/TravelGrp/TotalAmt0834
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 HARDMAN AVE SOUTH
IRS990/USAddress/CityNm0SOUTH ST PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055075
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MYRCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIA HAVENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT / DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06152244631
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-28
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/FilingSecurityInformation/AtSubmissionCreationDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04C5A70F7A5FDA4811252E2883A9E531D3168B42F
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER RASMUSSEN
ReturnHeader/ReturnTs02017-03-28T17:43:14+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,362,638
Liabilities
$4,381,951
Net assets
$980,687
Revenue
$255,824
Expenses
$230,492
Net income
$25,332
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
2016Detailed filing. Detailed filing data is available for this year.$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
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