Civic Intelligence

Linn Area Credit Union

990 • Fiscal year 2014 • EIN 42-0173285

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 23, 2015

3015 Blairsferry Rd NECedar Rapids, IA 52402

(319) 378-0101

Siviq Scores

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

Liabilities / Assets

79th percentile

0.91x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

46th percentile

17.70x

Higher debt load relative to revenue than 46% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Net Margin

42nd percentile

13%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

64th percentile

$434,926

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2014

Asset Growth

83rd percentile

9.5%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

63rd percentile

3.8%

Faster revenue growth than 63% of similar nonprofits.

2014 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Assets

Up

$338,912,946

Up $29,315,848 (+9.5%) from 2013

Net Assets

Up

$30,255,799

Up $3,335,382 (+12%) from 2013

Liabilities

Up

$308,657,147

Up $25,980,466 (+9.2%) from 2013

Revenue

Up

$17,436,170

Up $641,249 (+3.8%) from 2013

Expenses

Up

$15,103,127

Up $731,997 (+5.1%) from 2013

Net Income

Down

$2,333,043

Down $90,748 (-3.7%) from 2013

Historical Trend

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2010: $244,104,500Liabilities 2010: $221,747,752Net Assets 2010: $22,356,7482010Assets 2011: $284,194,614Liabilities 2011: $260,054,059Net Assets 2011: $24,140,5552011Assets 2012: $288,977,914Liabilities 2012: $262,296,620Net Assets 2012: $26,681,2942012Assets 2013: $309,597,098Liabilities 2013: $282,676,681Net Assets 2013: $26,920,4172013Assets 2014: $338,912,946Liabilities 2014: $308,657,147Net Assets 2014: $30,255,7992014Assets 2015: $365,948,995Liabilities 2015: $333,422,223Net Assets 2015: $32,526,7722015Assets 2016: $412,420,716Liabilities 2016: $377,309,776Net Assets 2016: $35,110,9402016Assets 2017: $444,879,456Liabilities 2017: $406,285,253Net Assets 2017: $38,594,2032017Assets 2018: $476,017,537Liabilities 2018: $434,807,695Net Assets 2018: $41,209,8422018Assets 2019: $467,914,453Liabilities 2019: $422,743,949Net Assets 2019: $45,170,5042019Assets 2020: $518,253,494Liabilities 2020: $469,051,996Net Assets 2020: $49,201,4982020Assets 2021: $567,752,241Liabilities 2021: $512,462,562Net Assets 2021: $55,289,6792021Assets 2022: $621,025,958Liabilities 2022: $561,281,724Net Assets 2022: $59,744,2342022Assets 2023: $667,141,652Liabilities 2023: $601,689,836Net Assets 2023: $65,451,8162023Assets 2024: $686,584,373Liabilities 2024: $616,142,883Net Assets 2024: $70,441,4902024

Highlighted filing

2014

Assets$338,912,946
Liabilities$308,657,147
Net Assets$30,255,799

Operations Trend

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

$60M$40M$20M$0Expenses 2010: $13,777,1552010Expenses 2011: $15,228,7862011Expenses 2012: $14,292,9872012Revenue 2013: $16,794,921Expenses 2013: $14,371,130Net Income 2013: $2,423,7912013Revenue 2014: $17,436,170Expenses 2014: $15,103,127Net Income 2014: $2,333,0432014Revenue 2015: $18,451,470Expenses 2015: $15,879,135Net Income 2015: $2,572,3352015Revenue 2016: $19,578,706Expenses 2016: $16,952,459Net Income 2016: $2,626,2472016Revenue 2017: $21,780,828Expenses 2017: $18,414,805Net Income 2017: $3,366,0232017Revenue 2018: $24,046,025Expenses 2018: $20,792,546Net Income 2018: $3,253,4792018Revenue 2019: $25,938,413Expenses 2019: $22,702,203Net Income 2019: $3,236,2102019Revenue 2020: $25,508,049Expenses 2020: $21,964,113Net Income 2020: $3,543,9362020Revenue 2021: $26,390,018Expenses 2021: $20,048,004Net Income 2021: $6,342,0142021Revenue 2022: $28,754,492Expenses 2022: $22,785,155Net Income 2022: $5,969,3372022Revenue 2023: $35,995,167Expenses 2023: $29,314,801Net Income 2023: $6,680,3662023Revenue 2024: $44,235,466Expenses 2024: $39,085,241Net Income 2024: $5,150,2252024

Highlighted filing

2014

Revenue$17,436,170
Expenses$15,103,127
Net Income$2,333,043
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 23, 2015
Return Version
2014v5.0
Gross Receipts
$17,436,170
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$209,846,402$251,308,276▲ $41,461,874
Investments in Publicly Traded Securities$55,252,136$44,559,607▼ $10,692,529
Rtn Earn Endowment Incm Other Fnds$19,042,366$21,881,803▲ $2,839,437
Land, Buildings, and Equipment, Net$12,921,893$15,490,043▲ $2,568,150
Pd in Cap Srpls Land Bldg Eqp Fund$7,878,051$8,373,996▲ $495,945
Savings and Temporary Cash Investments$16,243,553$7,906,589▼ $8,336,964
Cash and Non-Interest-Bearing Accounts$1,431,598$4,777,199▲ $3,345,601
Prepaid Expenses and Deferred Charges$668,720$836,047▲ $167,327
Accounts Receivable$34,498$57,892▲ $23,394
Total Assets$309,597,098$338,912,946▲ $29,315,848
Other Assets Total$13,198,298$13,977,293▲ $778,995
Liabilities
Other Liabilities$273,029,894$262,822,131▼ $10,207,763
Mortgage Notes Payable Secured by Investment Property$7,000,000$42,861,118▲ $35,861,118
Accounts Payable and Accrued Expenses$2,646,787$2,973,898▲ $327,111
Total Liabilities$282,676,681$308,657,147▲ $25,980,466
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,920,417$30,255,799▲ $3,335,382
Total Liabilities and Net Assets / Fund Balance$309,597,098$338,912,946▲ $29,315,848

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,355,318$2,615,841$12,971,159
Equipment$1,595,281$4,270,904$5,866,185
Land$3,539,444-$3,539,444
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James HagermanPresidentFT$256,844$178,082$434,926
Jennifer LorenzExecutive VPFT$168,557$130,996$299,553
Tracy TaylorVP of LendinFT$136,591$54,535$191,126
Tracy TaylorVP of Lending-$122,423$92,876$191,126
Joannie BrunsSr VP MemberFT$131,506$57,025$188,531
Joannie BrunsSr VP Member Service-$95,597$68,761$188,531
Larry PotterDirector of MortgFT$120,613$29,122$149,735
Richard HeadDirector ofFT$105,534$13,998$119,532

Board Members and Trustees

NameTitle
Darla PetersenBoard Member
Howard RattnerBoard Member
Joan AutermanBoard Member
Joyce FowlerBoard Member
Kent BakerBoard Member
Loren HarteltBoard Member
Margaret EichornBoard Member
Mike GillenBoard Member
Veryl SieversBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,946,648
Investment Income
$1,489,522
Other Revenue
$0
Change in Net Assets
$2,333,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,436,170
Total Revenue per Audited Statements
$17,436,170
Total Revenue per Form 990
$17,436,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,438,090
Salaries, Compensation, and Employee Benefits$6,665,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,257,911
Other Employee Benefits---$926,485
Office Expenses---$915,612
Depreciation Depletion---$807,933
Current Officers, Directors, Trustees, and Key Employees---$734,480
Other Expenses---$682,908
All Other Expenses---$537,636
Occupancy---$482,556
Advertising---$457,551
Pension Plan Contributions---$386,384
Payroll Taxes---$359,777
Interest---$304,246
Conferences and Meetings---$244,738
Insurance---$94,449
Fees for Services Accounting---$29,784
Fees for Services Legal---$9,631
Total Functional Expenses$0$0$0$15,103,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,103,127
Total Expenses per Audited Statements$15,103,127
Total Expenses per Form 990$15,103,127
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$262,822,131
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
Yes
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 2014.

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

The process for determining compensation for the key employees 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 2014.

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
Linn Area Credit Union
EIN
42-0173285
Phone
3193780101
Address
3015 BLAIRSFERRY RD NE, CEDAR RAPIDS, IA 52402

Signing Officer

Name
James Hagerman
Title
President
Phone
3193780101
Signed
2015-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Hagerman
Formed
1935
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
117
Volunteers
8

Preparer

Firm
Petersen & Associates
Address
1410 GOLD COAST RD 400, PAPILLION, NE 68046-5742
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

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

N/A

Form 990, Page 5, Part V, Line 3B

The credit union provides financial services to its members. All income and expenses are deemed related to the overall objective of member services.

Form 990, Part XI, Line 9

Net change in investment valuation reserve 1,031,621 net change in prefunded emp benefit valuation res. 29,282

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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/LandBldgEquipBasisNetGrp/EOYAmt015490043
IRS990/LandBldgEquipCostOrOtherBssAmt022376788
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/BOYAmt07000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt042861118
IRS990/NetAssetsOrFundBalancesBOYAmt026920417
IRS990/NetAssetsOrFundBalancesEOYAmt030255799
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0482556
IRS990/OfficeExpensesGrp/TotalAmt0915612
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013198298
IRS990/OtherAssetsTotalGrp/EOYAmt013977293
IRS990/OtherChangesInNetAssetsAmt01002339
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0926485
IRS990/OtherExpensesGrp/Desc0DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3DATA PROCESSING
IRS990/OtherExpensesGrp/TotalAmt01993468
IRS990/OtherExpensesGrp/TotalAmt11041030
IRS990/OtherExpensesGrp/TotalAmt2836548
IRS990/OtherExpensesGrp/TotalAmt3682908
IRS990/OtherLiabilitiesGrp/BOYAmt0273029894
IRS990/OtherLiabilitiesGrp/EOYAmt0262822131
IRS990/OtherSalariesAndWagesGrp/TotalAmt04257911
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0209846402
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0251308276
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0359777
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt07878051
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08373996
IRS990/PensionPlanContributionsGrp/TotalAmt0386384
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0668720
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0836047
IRS990/PrincipalOfficerNm0JAMES HAGERMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt011105277
IRS990/ProgramServiceRevenueGrp/ExclusionAmt12558558
IRS990/ProgramServiceRevenueGrp/ExclusionAmt22282813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011105277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12558558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22282813
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01360121
IRS990/PYOtherExpensesAmt07703462
IRS990/PYProgramServiceRevenueAmt015434800
IRS990/PYRevenuesLessExpensesAmt02423791
IRS990/PYSalariesCompEmpBnftPaidAmt06667668
IRS990/PYTotalExpensesAmt014371130
IRS990/PYTotalRevenueAmt016794921
IRS990/ReconcilationRevenueExpnssAmt02333043
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019042366
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021881803
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016243553
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07906589
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010355318
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02615841
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012971159
IRS990ScheduleD/EquipmentGrp/BookValueAmt01595281
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04270904
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05866185
IRS990ScheduleD/ExpensesSubtotalAmt015103127
IRS990ScheduleD/LandGrp/BookValueAmt03539444
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03539444
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0262822131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt017436170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015490043
IRS990ScheduleD/TotalExpensesPerForm990Amt015103127
IRS990ScheduleD/TotalLiabilityAmt0262822131
IRS990ScheduleD/TotalRevenuePerForm990Amt017436170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017436170
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015103127
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0256844
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1168557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2122423
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt395597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024582
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount119610
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount214168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount311736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt062947
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt133250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt224034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt081856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt158484
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt240420
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt335511
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt119652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt214115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt321514
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt070912
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt133250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt224173
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES HAGERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JENNIFER LORENZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TRACY TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JOANNIE BRUNS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP OF LENDING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3SR VP MEMBER SERVICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0434926
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1299553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2191126
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3188531
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JAMES HAGERMAN 0 70,912 0 JENNIFER LORENZ 0 33,250 0 JOANNIE BRUNS 0 24,173 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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/ExplanationTxt7THE 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 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS FOR DETERMINING COMPENSATION FOR THE KEY EMPLOYEES 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 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE 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/ExplanationTxt10NET CHANGE IN INVESTMENT VALUATION RESERVE 1,031,621 NET CHANGE IN PREFUNDED EMP BENEFIT VALUATION RES. 29,282
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0309597098
IRS990/TotalAssetsEOYAmt0338912946
IRS990/TotalAssetsGrp/BOYAmt0309597098
IRS990/TotalAssetsGrp/EOYAmt0338912946
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt015103127
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0282676681
IRS990/TotalLiabilitiesEOYAmt0308657147
IRS990/TotalLiabilitiesGrp/BOYAmt0282676681
IRS990/TotalLiabilitiesGrp/EOYAmt0308657147

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$687$616$70.4$44.2$39.1$5.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$667$602$65.5$36.0$29.3$6.68
2022Detailed filing. Detailed filing data is available for this year.$621$561$59.7$28.8$22.8$5.97
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$568$512$55.3$26.4$20.0$6.34
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$518$469$49.2$25.5$22.0$3.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$468$423$45.2$25.9$22.7$3.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$476$435$41.2$24.0$20.8$3.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$445$406$38.6$21.8$18.4$3.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$412$377$35.1$19.6$17.0$2.63
2015Detailed filing. Detailed filing data is available for this year.$366$333$32.5$18.5$15.9$2.57
2014Detailed filing. Detailed filing data is available for this year.$339$309$30.3$17.4$15.1$2.33
2013Detailed filing. Detailed filing data is available for this year.$310$283$26.9$16.8$14.4$2.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$289$262$26.7$14.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$284$260$24.1$15.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$244$222$22.4$13.8