Civic Intelligence

Des Moines Metro Credit Union

990 • Fiscal year 2016 • EIN 42-0214646

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 27, 2017

Organization ProfileWWW.DMMCU.ORG

View Organization Page

100 University AvenueDes Moines, IA 50314

(515) 283-4195

Siviq Scores

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

Liabilities / Assets

35th percentile

0.88x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

21.35x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

48th percentile

8.2%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

60th percentile

$146,207

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

22nd percentile

0.6%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

1.2%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$51,140,747

Up $283,226 (+0.6%) from 2015

Net Assets

Up

$6,271,864

Up $172,210 (+2.8%) from 2015

Liabilities

Up

$44,868,883

Up $111,016 (+0.2%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin48th percentile

Revenue

Up

$2,101,966

Up $25,312 (+1.2%) from 2015

Expenses

Up

$1,929,756

Up $34 (+0.0%) from 2015

Net Income

Up

$172,210

Up $25,278 (+17%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$80M$60M$40M$20M$0Assets 2010: $40,724,743Liabilities 2010: $35,269,065Net Assets 2010: $5,455,6782010Assets 2015: $50,857,521Liabilities 2015: $44,757,867Net Assets 2015: $6,099,6542015Assets 2016: $51,140,747Liabilities 2016: $44,868,883Net Assets 2016: $6,271,8642016Assets 2017: $54,758,368Liabilities 2017: $48,275,739Net Assets 2017: $6,482,6292017Assets 2018: $55,684,747Liabilities 2018: $48,954,812Net Assets 2018: $6,729,9352018Assets 2019: $53,923,081Liabilities 2019: $46,892,878Net Assets 2019: $7,030,2032019Assets 2020: $61,759,336Liabilities 2020: $54,581,189Net Assets 2020: $7,178,1472020Assets 2021: $70,941,154Liabilities 2021: $63,615,638Net Assets 2021: $7,325,5162021Assets 2022: $71,719,993Liabilities 2022: $64,096,949Net Assets 2022: $7,623,0442022Assets 2023: $69,324,021Liabilities 2023: $61,149,841Net Assets 2023: $8,174,1802023Assets 2024: $70,316,259Liabilities 2024: $61,652,044Net Assets 2024: $8,664,2152024

Highlighted filing

2016

Assets$51,140,747
Liabilities$44,868,883
Net Assets$6,271,864
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $2,246,5152010Revenue 2015: $2,076,654Expenses 2015: $1,929,722Net Income 2015: $146,9322015Revenue 2016: $2,101,966Expenses 2016: $1,929,756Net Income 2016: $172,2102016Revenue 2017: $2,275,323Expenses 2017: $2,064,557Net Income 2017: $210,7662017Revenue 2018: $2,546,025Expenses 2018: $2,298,720Net Income 2018: $247,3052018Revenue 2019: $2,785,728Expenses 2019: $2,449,460Net Income 2019: $336,2682019Revenue 2020: $2,549,287Expenses 2020: $2,401,343Net Income 2020: $147,9442020Revenue 2021: $2,388,263Expenses 2021: $2,240,894Net Income 2021: $147,3692021Revenue 2022: $2,439,603Expenses 2022: $2,280,479Net Income 2022: $159,1242022Revenue 2023: $3,289,619Expenses 2023: $2,707,797Net Income 2023: $581,8222023Revenue 2024: $3,957,308Expenses 2024: $3,467,273Net Income 2024: $490,0352024

Highlighted filing

2016

Revenue$2,101,966
Expenses$1,929,756
Net Income$172,210
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 27, 2017
Return Version
2016v3.0
Gross Receipts
$2,161,704
Mission and Program Overview

Mission

To meet member financial needs our unique way

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$23,069,878$24,753,240▲ $1,683,362
Savings and Temporary Cash Investments$23,044,953$21,686,758▼ $1,358,195
Rtn Earn Endowment Incm Other Fnds$4,098,438$4,223,714▲ $125,276
Pd in Cap Srpls Land Bldg Eqp Fund$2,001,216$2,048,150▲ $46,934
Land, Buildings, and Equipment, Net$791,315$798,258▲ $6,943
Cash and Non-Interest-Bearing Accounts$557,109$498,521▼ $58,588
Prepaid Expenses and Deferred Charges$8,129$39,203▲ $31,074
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$50,857,521$51,140,747▲ $283,226
Other Assets Total$3,386,137$3,364,767▼ $21,370
Liabilities
Other Liabilities$44,213,078$44,407,555▲ $194,477
Accounts Payable and Accrued Expenses$544,789$461,328▼ $83,461
Total Liabilities$44,757,867$44,868,883▲ $111,016
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,099,654$6,271,864▲ $172,210
Total Liabilities and Net Assets / Fund Balance$50,857,521$51,140,747▲ $283,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$232,163$576,085$808,248
Leasehold Improvements$288,972$373,758$662,730
Equipment$102,123$273,849$375,972
Land$175,000-$175,000
Other Assets Org$4,500--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent HelinCEOFT$136,362$9,845$146,207
James AndersonVice PresidentFT$86,402$11,590$97,992

Board Members and Trustees

NameTitle
Chris BoltenDirector
Cindy SmithDirector
Dan RitterDirector
David BairDirector
Doug OlsonDirector
Lorna DavrosDirector
Marlee WoodsDirector
Saundra RagonaDirector
Tony AndrewsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,337,998
Investment Income
$249,139
Other Revenue
$514,829
Change in Net Assets
$172,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,101,966
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,101,966
Total Revenue per Form 990
$2,101,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,087,341
Salaries, Compensation, and Employee Benefits$842,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$447,387--$447,387
Current Officers, Directors, Trustees, and Key Employees$244,199--$244,199
Information Technology$187,562--$187,562
Office Expenses$128,640--$128,640
Interest$109,340--$109,340
All Other Expenses$97,219--$97,219
Occupancy$84,327--$84,327
Other Employee Benefits$73,015--$73,015
Advertising$68,166--$68,166
Depreciation Depletion$66,421--$66,421
Other Expenses$52,403--$52,403
Payroll Taxes$52,042--$52,042
Pension Plan Contributions$25,772--$25,772
Insurance$23,225--$23,225
Conferences and Meetings$14,400--$14,400
Payments to Affiliates$12,971--$12,971
Travel$12,084--$12,084
Total Functional Expenses$1,929,756$0$0$1,929,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,929,756
Total Expenses per Audited Statements$1,929,756
Total Expenses per Form 990$1,929,756
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$44,407,555
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 6

“Des moines metro credit union is supported by its members.”

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

“Des moines metro credit union members vote for officers/directors to the sit on the board at their annual meetings.”

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

“Members may vote on whether to accept changes to the by laws, mergers or a name change.”

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

“A copy of form 990 is not provided to the organization's governing body before it's filed. Management reviews the form 990.”

Form 990, Part VI, Section B, Line 12C

“Des moines metro has a conflict of interest policy. Annually the policy is reviewed by the dmmcu board of directors and executive staff.”

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

“Des moines metro compensation is calculated by compease software which is provided by hrn performance solutions who specialize in credit union compensation. The compensation package is calculated by the software, reviewed by management and presented to the des moines metro board of directors for approval. This process is completed, reviewed and board approved annually.”

Form 990, Part VI, Section C, Line 19

“Financial statements are posted in the lobby. All other governing documents must be requested in writing before information is released and the organization's legal counsel has been contacted.”

Filing and Contact Details

Filer

Filer Name
Des Moines Metro Credit Union
EIN
42-0214646
Phone
5152834195
Address
100 UNIVERSITY AVENUE, DES MOINES, IA 50314

Signing Officer

Name
Brent Helin
Title
CEO
Phone
5152834195
Signed
2017-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Helin
Formed
1938
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
0

Preparer

Firm
Gardiner Thomsen
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
C L Telk Jr CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Explanation

“Des moines metro audit committee consisting of three board members is appointed by the board chair and given the authority to select an independent cpa firm to perform audits annually and semi-annually. The committee my continue to use the current cpa firm or at it's discretion solicit for an rfp to other cpa firms in order to complete the annual and semi-annual audit function. The audit committee has delegated the majority of the committee's responsibility to the cpa firm to perform independent audit function on a annual or semi-annual basis.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with accounting for uncertainty in income taxes under the income taxes topic of the fasb asc the credit union recognizes any uncertain tax benefits if such benefits are a result of a tax position that is more likely than not sustainable upon examination by federal or state tax authorities.when an uncertain benefit is determined to be more likely than not sustained, the credit union values the position, for financial statement purposes, of the largest amount of the tax benefit that is more than 50% likely of being realized upon resolution of the benefit. For any tax positions taken that do not meet the more likely than not criteria, the credit union establishes a tax reserve for 100% of the position taken. Adoption of accounting for uncertainty in income taxes did not have an impact on the credit union's financial position. For the twelve months ended december 31, 2016, no significant amounts or unrecognized tax benefits existed nor does the credit union anticipate any significant changes in unrecognized tax benefits to occur within the next twelve months.”

Raw XML AppendixShowing 400 of 442 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0544789
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0461328
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO MEET MEMBER FINANCIAL NEEDS OUR UNIQUE WAY
IRS990/AdvertisingGrp/ProgramServicesAmt068166
IRS990/AdvertisingGrp/TotalAmt068166
IRS990/AllOtherExpensesGrp/ProgramServicesAmt097219
IRS990/AllOtherExpensesGrp/TotalAmt097219
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRENT HELIN
IRS990/BooksInCareOfDetail/PhoneNum05152834195
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0CEO
IRS990/BooksInCareOfDetail/USAddress/CityNm0DES MOINES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050314
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0557109
IRS990/CashNonInterestBearingGrp/EOYAmt0498521
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0244199
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0244199
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt014400
IRS990/ConferencesMeetingsGrp/TotalAmt014400
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0249139
IRS990/CYOtherExpensesAmt01087341
IRS990/CYOtherRevenueAmt0514829
IRS990/CYProgramServiceRevenueAmt01337998
IRS990/CYRevenuesLessExpensesAmt0172210
IRS990/CYSalariesCompEmpBnftPaidAmt0842415
IRS990/CYTotalExpensesAmt01929756
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02101966
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt066421
IRS990/DepreciationDepletionGrp/TotalAmt066421
IRS990/Desc0DES MOINES METRO HAS APPROXIMATELY 6,063 MEMBERS AS OF 12/31/2016 AND OFFERS SAVINGS, LOANS, AND CERTIFICATES OF DEPOSIT.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01929756
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt99845
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1011590
IRS990/Form990PartVIISectionAGrp/PersonNm0TONY ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID BAIR
IRS990/Form990PartVIISectionAGrp/PersonNm2LORNA DAVROS
IRS990/Form990PartVIISectionAGrp/PersonNm3DOUG OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SAUNDRA RAGONA
IRS990/Form990PartVIISectionAGrp/PersonNm5DAN RITTER
IRS990/Form990PartVIISectionAGrp/PersonNm6CINDY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7MARLEE WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRIS BOLTEN
IRS990/Form990PartVIISectionAGrp/PersonNm9BRENT HELIN
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES ANDERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9136362
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1086402
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt06541
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt066279
IRS990/GrossReceiptsAmt02161704
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0187562
IRS990/InformationTechnologyGrp/TotalAmt0187562
IRS990/InsuranceGrp/ProgramServicesAmt023225
IRS990/InsuranceGrp/TotalAmt023225
IRS990/InterestGrp/ProgramServicesAmt0109340
IRS990/InterestGrp/TotalAmt0109340
IRS990/InvestmentIncomeGrp/ExclusionAmt0242598
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0242598
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt0937
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01223692
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0791315
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0798258
IRS990/LandBldgEquipCostOrOtherBssAmt02021950
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt059738
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0150095
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0150095
IRS990/MissionDesc0TO MEET MEMBER FINANCIAL NEEDS OUR UNIQUE WAY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06099654
IRS990/NetAssetsOrFundBalancesEOYAmt06271864
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt06541
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06541
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt084327
IRS990/OccupancyGrp/TotalAmt084327
IRS990/OfficeExpensesGrp/ProgramServicesAmt0128640
IRS990/OfficeExpensesGrp/TotalAmt0128640
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03386137
IRS990/OtherAssetsTotalGrp/EOYAmt03364767
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt073015
IRS990/OtherEmployeeBenefitsGrp/TotalAmt073015
IRS990/OtherExpensesGrp/Desc0DEBIT/CREDIT CARD EXPEN
IRS990/OtherExpensesGrp/Desc1PROVISON FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0175111
IRS990/OtherExpensesGrp/ProgramServicesAmt155472
IRS990/OtherExpensesGrp/ProgramServicesAmt252403
IRS990/OtherExpensesGrp/TotalAmt0175111
IRS990/OtherExpensesGrp/TotalAmt155472
IRS990/OtherExpensesGrp/TotalAmt252403
IRS990/OtherLiabilitiesGrp/BOYAmt044213078
IRS990/OtherLiabilitiesGrp/EOYAmt044407555
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0NSF CHARGES
IRS990/OtherRevenueMiscGrp/Desc1ATM CHARGES
IRS990/OtherRevenueMiscGrp/Desc2MEMBER INSURANCE INCOM
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0269091
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt160987
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt234656
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0269091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt160987
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt234656
IRS990/OtherRevenueTotalAmt0514829
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0447387
IRS990/OtherSalariesAndWagesGrp/TotalAmt0447387
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023069878
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt024753240
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt012971
IRS990/PaymentsToAffiliatesGrp/TotalAmt012971
IRS990/PayrollTaxesGrp/ProgramServicesAmt052042
IRS990/PayrollTaxesGrp/TotalAmt052042
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02001216
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02048150
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt025772
IRS990/PensionPlanContributionsGrp/TotalAmt025772
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08129
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039203
IRS990/PrincipalOfficerNm0BRENT HELIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1CREDIT/DEBIT CARD
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01103064
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1234934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01103064
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1234934
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0195471
IRS990/PYOtherExpensesAmt01095357
IRS990/PYOtherRevenueAmt0598986
IRS990/PYProgramServiceRevenueAmt01282197
IRS990/PYRevenuesLessExpensesAmt0146932
IRS990/PYSalariesCompEmpBnftPaidAmt0834365
IRS990/PYTotalExpensesAmt01929722
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02076654
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0172210
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01859368
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04098438
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04223714
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023044953
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021686758
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0232163
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0576085
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0808248
IRS990ScheduleD/EquipmentGrp/BookValueAmt0102123
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0273849
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0375972
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01929756
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0175000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0175000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0288972
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0373758
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662730
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt040859
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1961100
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2431149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3199954
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt41727205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt54500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST - LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MEMBERS CAPITAL - RESTICTED SHARES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5ACCRUED INVESTMENT INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044407555
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02101966
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE FASB ASC THE CREDIT UNION RECOGNIZES ANY UNCERTAIN TAX BENEFITS IF SUCH BENEFITS ARE A RESULT OF A TAX POSITION THAT IS MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY FEDERAL OR STATE TAX AUTHORITIES.WHEN AN UNCERTAIN BENEFIT IS DETERMINED TO BE MORE LIKELY THAN NOT SUSTAINED, THE CREDIT UNION VALUES THE POSITION, FOR FINANCIAL STATEMENT PURPOSES, OF THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON RESOLUTION OF THE BENEFIT. FOR ANY TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE LIKELY THAN NOT CRITERIA, THE CREDIT UNION ESTABLISHES A TAX RESERVE FOR 100% OF THE POSITION TAKEN. ADOPTION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES DID NOT HAVE AN IMPACT ON THE CREDIT UNION'S FINANCIAL POSITION. FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2016, NO SIGNIFICANT AMOUNTS OR UNRECOGNIZED TAX BENEFITS EXISTED NOR DOES THE CREDIT UNION ANTICIPATE ANY SIGNIFICANT CHANGES IN UNRECOGNIZED TAX BENEFITS TO OCCUR WITHIN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0798258
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03364767
IRS990ScheduleD/TotalExpensesPerForm990Amt01929756
IRS990ScheduleD/TotalLiabilityAmt044407555
IRS990ScheduleD/TotalRevenuePerForm990Amt02101966
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02101966
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01929756
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DES MOINES METRO CREDIT UNION IS SUPPORTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DES MOINES METRO CREDIT UNION MEMBERS VOTE FOR OFFICERS/DIRECTORS TO THE SIT ON THE BOARD AT THEIR ANNUAL MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS MAY VOTE ON WHETHER TO ACCEPT CHANGES TO THE BY LAWS, MERGERS OR A NAME CHANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 IS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT'S FILED. MANAGEMENT REVIEWS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DES MOINES METRO HAS A CONFLICT OF INTEREST POLICY. ANNUALLY THE POLICY IS REVIEWED BY THE DMMCU BOARD OF DIRECTORS AND EXECUTIVE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DES MOINES METRO COMPENSATION IS CALCULATED BY COMPEASE SOFTWARE WHICH IS PROVIDED BY HRN PERFORMANCE SOLUTIONS WHO SPECIALIZE IN CREDIT UNION COMPENSATION. THE COMPENSATION PACKAGE IS CALCULATED BY THE SOFTWARE, REVIEWED BY MANAGEMENT AND PRESENTED TO THE DES MOINES METRO BOARD OF DIRECTORS FOR APPROVAL. THIS PROCESS IS COMPLETED, REVIEWED AND BOARD APPROVED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. ALL OTHER GOVERNING DOCUMENTS MUST BE REQUESTED IN WRITING BEFORE INFORMATION IS RELEASED AND THE ORGANIZATION'S LEGAL COUNSEL HAS BEEN CONTACTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DES MOINES METRO AUDIT COMMITTEE CONSISTING OF THREE BOARD MEMBERS IS APPOINTED BY THE BOARD CHAIR AND GIVEN THE AUTHORITY TO SELECT AN INDEPENDENT CPA FIRM TO PERFORM AUDITS ANNUALLY AND SEMI-ANNUALLY. THE COMMITTEE MY CONTINUE TO USE THE CURRENT CPA FIRM OR AT IT'S DISCRETION SOLICIT FOR AN RFP TO OTHER CPA FIRMS IN ORDER TO COMPLETE THE ANNUAL AND SEMI-ANNUAL AUDIT FUNCTION. THE AUDIT COMMITTEE HAS DELEGATED THE MAJORITY OF THE COMMITTEE'S RESPONSIBILITY TO THE CPA FIRM TO PERFORM INDEPENDENT AUDIT FUNCTION ON A ANNUAL OR SEMI-ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C EXPLANATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050857521
IRS990/TotalAssetsEOYAmt051140747
IRS990/TotalAssetsGrp/BOYAmt050857521
IRS990/TotalAssetsGrp/EOYAmt051140747
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01929756
IRS990/TotalFunctionalExpensesGrp/TotalAmt01929756
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044757867
IRS990/TotalLiabilitiesEOYAmt044868883
IRS990/TotalLiabilitiesGrp/BOYAmt044757867
IRS990/TotalLiabilitiesGrp/EOYAmt044868883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06099654
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06271864
IRS990/TotalOtherCompensationAmt021435
IRS990/TotalProgramServiceExpensesAmt01929756
IRS990/TotalProgramServiceRevenueAmt01337998
IRS990/TotalReportableCompFromOrgAmt0222764
IRS990/TotalRevenueGrp/ExclusionAmt0242598
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01859368
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02101966
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050857521
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051140747
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012084
IRS990/TravelGrp/TotalAmt012084
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$51,140,747
Liabilities
$44,868,883
Net assets
$6,271,864
Revenue
$2,101,966
Expenses
$1,929,756
Net income
$172,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.3$61.7$8.66$3.96$3.47$0.49
2023Detailed filing. Detailed filing data is available for this year.$69.3$61.1$8.17$3.29$2.71$0.58
2022Detailed filing. Detailed filing data is available for this year.$71.7$64.1$7.62$2.44$2.28$0.16
2021Detailed filing. Detailed filing data is available for this year.$70.9$63.6$7.33$2.39$2.24$0.15
2020Detailed filing. Detailed filing data is available for this year.$61.8$54.6$7.18$2.55$2.40$0.15
2019Detailed filing. Detailed filing data is available for this year.$53.9$46.9$7.03$2.79$2.45$0.34
2018Detailed filing. Detailed filing data is available for this year.$55.7$49.0$6.73$2.55$2.30$0.25
2017Detailed filing. Detailed filing data is available for this year.$54.8$48.3$6.48$2.28$2.06$0.21
2016Detailed filing. Detailed filing data is available for this year.$51.1$44.9$6.27$2.10$1.93$0.17
2015Detailed filing. Detailed filing data is available for this year.$50.9$44.8$6.10$2.08$1.93$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.7$35.3$5.46$2.25