Civic Intelligence

Premier Credit Union

990 • Fiscal year 2017 • EIN 42-0127275

Jan 01, 2017 to Dec 31, 2017 • Filed on May 04, 2018

Organization ProfileWWW.PREMIERCU.ORG

View Organization Page

800 9th StreetDes Moines, IA 50309-1202

(515) 282-1611

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

18.54x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

82nd percentile

19%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$296,193

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

87th percentile

8.7%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

13%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$185,911,694

Up $14,858,013 (+8.7%) from 2016

Net Assets

Up

$16,526,320

Up $1,755,290 (+12%) from 2016

Liabilities

Up

$169,385,374

Up $13,102,723 (+8.4%) from 2016

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin82nd percentile

Revenue

Up

$9,136,052

Up $1,051,092 (+13%) from 2016

Expenses

Up

$7,380,762

Up $1,299,676 (+21%) from 2016

Net Income

Down

$1,755,290

Down $248,584 (-12%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$400M$300M$200M$100M$0Assets 2010: $95,234,080Liabilities 2010: $87,197,649Net Assets 2010: $8,036,4312010Assets 2011: $97,110,175Liabilities 2011: $88,915,014Net Assets 2011: $8,195,1612011Assets 2012: $101,886,656Liabilities 2012: $92,985,016Net Assets 2012: $8,901,6402012Assets 2013: $110,278,938Liabilities 2013: $100,599,661Net Assets 2013: $9,679,2772013Assets 2014: $123,485,685Liabilities 2014: $112,465,880Net Assets 2014: $11,019,8052014Assets 2015: $142,817,180Liabilities 2015: $130,049,934Net Assets 2015: $12,767,2462015Assets 2016: $171,053,681Liabilities 2016: $156,282,651Net Assets 2016: $14,771,0302016Assets 2017: $185,911,694Liabilities 2017: $169,385,374Net Assets 2017: $16,526,3202017Assets 2018: $196,578,672Liabilities 2018: $178,748,413Net Assets 2018: $17,830,2592018Assets 2019: $208,301,902Liabilities 2019: $189,443,767Net Assets 2019: $18,858,1352019Assets 2020: $257,857,430Liabilities 2020: $237,543,444Net Assets 2020: $20,313,9862020Assets 2021: $265,180,790Liabilities 2021: $243,018,709Net Assets 2021: $22,162,0812021Assets 2022: $287,063,539Liabilities 2022: $262,652,095Net Assets 2022: $24,411,4442022Assets 2023: $302,782,106Liabilities 2023: $277,174,848Net Assets 2023: $25,607,2582023Assets 2024: $338,698,349Liabilities 2024: $308,520,947Net Assets 2024: $30,177,4022024

Highlighted filing

2017

Assets$185,911,694
Liabilities$169,385,374
Net Assets$16,526,320
Open 2017 Filing

Operations Trend

Revenue Growth85th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $5,105,1302010Expenses 2011: $5,352,3612011Expenses 2012: $5,089,2722012Revenue 2013: $5,837,166Expenses 2013: $5,059,529Net Income 2013: $777,6372013Revenue 2014: $6,223,960Expenses 2014: $4,885,157Net Income 2014: $1,338,8032014Revenue 2015: $7,109,436Expenses 2015: $5,360,360Net Income 2015: $1,749,0762015Revenue 2016: $8,084,960Expenses 2016: $6,081,086Net Income 2016: $2,003,8742016Revenue 2017: $9,136,052Expenses 2017: $7,380,762Net Income 2017: $1,755,2902017Revenue 2018: $9,815,537Expenses 2018: $8,511,598Net Income 2018: $1,303,9392018Revenue 2019: $10,751,986Expenses 2019: $9,724,110Net Income 2019: $1,027,8762019Revenue 2020: $11,097,567Expenses 2020: $9,641,716Net Income 2020: $1,455,8512020Revenue 2021: $11,141,334Expenses 2021: $9,293,239Net Income 2021: $1,848,0952021Revenue 2022: $12,588,447Expenses 2022: $10,104,713Net Income 2022: $2,483,7342022Revenue 2023: $16,355,525Expenses 2023: $15,280,964Net Income 2023: $1,074,5612023Revenue 2024: $19,860,602Expenses 2024: $18,256,588Net Income 2024: $1,604,0142024

Highlighted filing

2017

Revenue$9,136,052
Expenses$7,380,762
Net Income$1,755,290
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 4, 2018
Return Version
2017v2.3
Gross Receipts
$9,136,052
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$134,982,621$155,024,498▲ $20,041,877
Savings and Temporary Cash Investments$23,700,411$16,789,657▼ $6,910,754
Rtn Earn Endowment Incm Other Fnds$10,619,033$11,862,321▲ $1,243,288
Land, Buildings, and Equipment, Net$5,294,290$5,665,665▲ $371,375
Pd in Cap Srpls Land Bldg Eqp Fund$4,151,997$4,663,999▲ $512,002
Accounts Receivable$3,083,313$4,004,126▲ $920,813
Investments in Publicly Traded Securities$956,811$1,116,596▲ $159,785
Cash and Non-Interest-Bearing Accounts$710,690$735,571▲ $24,881
Prepaid Expenses and Deferred Charges$128,977$135,863▲ $6,886
Total Assets$171,053,681$185,911,694▲ $14,858,013
Other Assets Total$2,196,568$2,439,718▲ $243,150
Liabilities
Other Liabilities$152,641,541$158,577,371▲ $5,935,830
Mortgage Notes Payable Secured by Investment Property$1,000,000$8,240,000▲ $7,240,000
Accounts Payable and Accrued Expenses$2,641,110$2,568,003▼ $73,107
Total Liabilities$156,282,651$169,385,374▲ $13,102,723
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,771,030$16,526,320▲ $1,755,290
Total Liabilities and Net Assets / Fund Balance$171,053,681$185,911,694▲ $14,858,013

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,079,790$1,196,007$6,275,797
Equipment$585,875$1,373,627$1,959,502
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark PiperMortgage LoaFT$296,193-$296,193
Mark PiperMortgage Loan Office-$296,193$41,417$296,193
Brook HermannMortgage LoaFT$195,000-$195,000
Brook HermannMortgage Loan Office-$195,000-$195,000
Nicole MapstoneMortgage LoaFT$181,183-$181,183
Nicole MapstoneMortgage Loan Office-$181,183-$181,183
Steve FlammCEOFT$141,366$28,403$169,769
Megan TjernagelPresident ofFT$153,097-$153,097
Megan TjernagelPresident of Cuso-$111,680-$153,097
Sam RizzutiVP CusoFT$127,825-$127,825

Board Members and Trustees

NameTitle
Betsy JepsenBoard Member
Cynde UrnessBoard Member
Dan KleinBoard Member
Darin ZahnBoard Member
Kip HeadleyBoard Member
Marcus CoenenBoard Member
Matthew SchillingBoard Member
Randy BachmanBoard Member
Ron VernonBoard Member
Sarah BartholeBoard Member
Todd MendenhallBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,607,094
Investment Income
$528,958
Other Revenue
$0
Change in Net Assets
$1,755,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,136,052
Total Revenue per Audited Statements
$9,136,052
Total Revenue per Form 990
$9,136,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,791,166
Salaries, Compensation, and Employee Benefits$2,589,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,960,642
All Other Expenses---$705,289
Other Expenses---$370,514
Occupancy---$317,471
Office Expenses---$312,948
Other Employee Benefits---$223,745
Depreciation Depletion---$207,933
Current Officers, Directors, Trustees, and Key Employees---$169,769
Payroll Taxes---$163,957
Advertising---$157,297
Pension Plan Contributions---$71,483
Insurance---$44,186
Interest---$43,470
Conferences and Meetings---$35,286
Fees for Services Accounting---$17,340
Fees for Services Legal---$3,433
Total Functional Expenses$0$0$0$7,380,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,380,762
Total Expenses per Audited Statements$7,380,762
Total Expenses per Form 990$7,380,762
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 Deposits$158,577,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

“All depositors are considered members.”

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

“The credit union members elect on an annual basis the members of the board of directors.”

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

“Any proposed mergers must be approved by a majority of the membership.”

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

“No review was or will be conducted.”

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

“The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.”

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

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 2017.”

Form 990, Page 6, Part VI, Line 19

“The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Premier Credit Union
EIN
42-0127275
Phone
5152821611
Address
800 9TH STREET, DES MOINES, IA 50309-1202

Signing Officer

Name
Steve Flamm
Title
CEO
Phone
5152821611
Signed
2018-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Flamm
Formed
1933
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
53
Volunteers
11

Preparer

Firm
Petersen & Associates
Address
506 E GOLD COAST RD STE 100, PAPILLION, NE 68046-4790
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Raw XML AppendixShowing 400 of 453 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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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt044186
IRS990/InterestGrp/TotalAmt043470
IRS990/InvestmentIncomeGrp/ExclusionAmt0528958
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0528958
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0956811
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01116596
IRS990/IRPDocumentCnt04782
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02569634
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05294290
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05665665
IRS990/LandBldgEquipCostOrOtherBssAmt08235299
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08240000
IRS990/NetAssetsOrFundBalancesBOYAmt014771030
IRS990/NetAssetsOrFundBalancesEOYAmt016526320
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0317471
IRS990/OfficeExpensesGrp/TotalAmt0312948
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02196568
IRS990/OtherAssetsTotalGrp/EOYAmt02439718
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0223745
IRS990/OtherExpensesGrp/Desc0DIVIDEND
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING
IRS990/OtherExpensesGrp/Desc2CREDIT/DEBIT CARD EXPENSE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt01209771
IRS990/OtherExpensesGrp/TotalAmt1808282
IRS990/OtherExpensesGrp/TotalAmt2557946
IRS990/OtherExpensesGrp/TotalAmt3370514
IRS990/OtherLiabilitiesGrp/BOYAmt0152641541
IRS990/OtherLiabilitiesGrp/EOYAmt0158577371
IRS990/OtherSalariesAndWagesGrp/TotalAmt01960642
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0134982621
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0155024498
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0163957
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04151997
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04663999
IRS990/PensionPlanContributionsGrp/TotalAmt071483
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128977
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0135863
IRS990/PrincipalOfficerNm0STEVE FLAMM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt06455559
IRS990/ProgramServiceRevenueGrp/ExclusionAmt11312556
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2838979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06455559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11312556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2838979
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0579518
IRS990/PYOtherExpensesAmt03914621
IRS990/PYProgramServiceRevenueAmt07505442
IRS990/PYRevenuesLessExpensesAmt02003874
IRS990/PYSalariesCompEmpBnftPaidAmt02166465
IRS990/PYTotalExpensesAmt06081086
IRS990/PYTotalRevenueAmt08084960
IRS990/ReconcilationRevenueExpnssAmt01755290
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010619033
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011862321
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023700411
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016789657
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05079790
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01196007
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06275797
IRS990ScheduleD/EquipmentGrp/BookValueAmt0585875
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01373627
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01959502
IRS990ScheduleD/ExpensesSubtotalAmt07380762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0158577371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt09136052
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05665665
IRS990ScheduleD/TotalExpensesPerForm990Amt07380762
IRS990ScheduleD/TotalLiabilityAmt0158577371
IRS990ScheduleD/TotalRevenuePerForm990Amt09136052
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09136052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07380762
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0141366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1296193
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3181183
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4111680
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount023340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount141417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt05063
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE FLAMM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARK PIPER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BROOK HERMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3NICOLE MAPSTONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MEGAN TJERNAGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MORTGAGE LOAN OFFICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2MORTGAGE LOAN OFFICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3MORTGAGE LOAN OFFICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4PRESIDENT OF CUSO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0169769
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1296193
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2195000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3181183
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4153097
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PREMIER LENDING ALLIANCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0264261029
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05030792
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0MRTG ORIG.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0310896
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt08831 THOMAS AVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0JOHNSTON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd050131
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0171053681
IRS990/TotalAssetsEOYAmt0185911694
IRS990/TotalAssetsGrp/BOYAmt0171053681
IRS990/TotalAssetsGrp/EOYAmt0185911694
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07380762
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0156282651
IRS990/TotalLiabilitiesEOYAmt0169385374
IRS990/TotalLiabilitiesGrp/BOYAmt0156282651
IRS990/TotalLiabilitiesGrp/EOYAmt0169385374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014771030
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016526320

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$185,911,694
Liabilities
$169,385,374
Net assets
$16,526,320
Revenue
$9,136,052
Expenses
$7,380,762
Net income
$1,755,290
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$339$309$30.2$19.9$18.3$1.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$303$277$25.6$16.4$15.3$1.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$287$263$24.4$12.6$10.1$2.48
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$265$243$22.2$11.1$9.29$1.85
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$258$238$20.3$11.1$9.64$1.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$208$189$18.9$10.8$9.72$1.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$197$179$17.8$9.82$8.51$1.30
2017Detailed filing. Detailed filing data is available for this year.$186$169$16.5$9.14$7.38$1.76
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$171$156$14.8$8.08$6.08$2.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$130$12.8$7.11$5.36$1.75
2014Detailed filing. Detailed filing data is available for this year.$123$112$11.0$6.22$4.89$1.34
2013Detailed filing. Detailed filing data is available for this year.$110$101$9.68$5.84$5.06$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$93.0$8.90$5.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.1$88.9$8.20$5.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.2$87.2$8.04$5.11