Civic Intelligence

Town and Country Credit Union

EIN 42-0664336 • 501(c)14 • Ottumwa, IA

View Organization Page

Profile

State chartered credit union

PO Box 737Ottumwa, IA 52501

www.townandcountrycu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-65%

Higher net margin than 11% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$127,183

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-100%

Faster asset growth than 34% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-20%

Faster revenue growth than 25% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $34,502,733 (-100%) from 2023

Liabilities

Down

$0

Down $31,887,445 (-100%) from 2023

Net Assets

Down

$0

Down $2,615,288 (-100%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin11th percentile

Revenue

Down

$1,992,034

Down $502,291 (-20%) from 2023

Expenses

Up

$3,296,774

Up $227,242 (+7.4%) from 2023

Net Income

Down

-$1,304,740

Down $729,533 (-127%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $12,483,638Liabilities 2010: $11,121,902Net Assets 2010: $1,361,7362010Assets 2011: $12,829,091Liabilities 2011: $11,265,755Net Assets 2011: $1,563,3362011Assets 2012: $15,894,169Liabilities 2012: $14,133,369Net Assets 2012: $1,760,8002012Assets 2013: $16,702,139Liabilities 2013: $14,787,777Net Assets 2013: $1,914,3622013Assets 2014: $16,984,796Liabilities 2014: $14,911,115Net Assets 2014: $2,073,6812014Assets 2015: $18,521,570Liabilities 2015: $16,329,777Net Assets 2015: $2,191,7932015Assets 2016: $21,953,952Liabilities 2016: $19,668,632Net Assets 2016: $2,285,3202016Assets 2017: $24,553,489Liabilities 2017: $22,054,269Net Assets 2017: $2,499,2202017Assets 2018: $26,402,525Liabilities 2018: $23,785,722Net Assets 2018: $2,616,8032018Assets 2019: $32,674,630Liabilities 2019: $29,915,664Net Assets 2019: $2,758,9662019Assets 2020: $35,716,630Liabilities 2020: $32,888,320Net Assets 2020: $2,828,3102020Assets 2021: $33,964,038Liabilities 2021: $31,004,234Net Assets 2021: $2,959,8042021Assets 2022: $37,294,600Liabilities 2022: $34,104,105Net Assets 2022: $3,190,4952022Assets 2023: $34,502,733Liabilities 2023: $31,887,445Net Assets 2023: $2,615,2882023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $925,7102010Expenses 2011: $896,6982011Expenses 2012: $942,3012012Revenue 2013: $1,107,843Expenses 2013: $954,281Net Income 2013: $153,5622013Revenue 2014: $1,072,596Expenses 2014: $913,277Net Income 2014: $159,3192014Revenue 2015: $1,167,570Expenses 2015: $1,049,458Net Income 2015: $118,1122015Revenue 2016: $1,297,316Expenses 2016: $1,203,789Net Income 2016: $93,5272016Revenue 2017: $1,528,253Expenses 2017: $1,314,353Net Income 2017: $213,9002017Revenue 2018: $1,681,410Expenses 2018: $1,563,827Net Income 2018: $117,5832018Revenue 2019: $1,931,509Expenses 2019: $1,789,346Net Income 2019: $142,1632019Revenue 2020: $1,918,834Expenses 2020: $1,849,490Net Income 2020: $69,3442020Revenue 2021: $1,923,768Expenses 2021: $1,792,274Net Income 2021: $131,4942021Revenue 2022: $2,117,899Expenses 2022: $1,887,208Net Income 2022: $230,6912022Revenue 2023: $2,494,325Expenses 2023: $3,069,532Net Income 2023: -$575,2072023Revenue 2024: $1,992,034Expenses 2024: $3,296,774Net Income 2024: -$1,304,7402024

Highlighted filing

2024

Revenue$1,992,034
Expenses$3,296,774
Net Income-$1,304,740
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$1,992,034
Expenses
$3,296,774
Net income
-$1,304,740
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.99$3.30$1.30
2023Detailed filing. Detailed filing data is available for this year.$34.5$31.9$2.62$2.49$3.07$0.58
2022Detailed filing. Detailed filing data is available for this year.$37.3$34.1$3.19$2.12$1.89$0.23
2021Detailed filing. Detailed filing data is available for this year.$34.0$31.0$2.96$1.92$1.79$0.13
2020Detailed filing. Detailed filing data is available for this year.$35.7$32.9$2.83$1.92$1.85$0.07
2019Detailed filing. Detailed filing data is available for this year.$32.7$29.9$2.76$1.93$1.79$0.14
2018Detailed filing. Detailed filing data is available for this year.$26.4$23.8$2.62$1.68$1.56$0.12
2017Detailed filing. Detailed filing data is available for this year.$24.6$22.1$2.50$1.53$1.31$0.21
2016Detailed filing. Detailed filing data is available for this year.$22.0$19.7$2.29$1.30$1.20$0.09
2015Detailed filing. Detailed filing data is available for this year.$18.5$16.3$2.19$1.17$1.05$0.12
2014Detailed filing. Detailed filing data is available for this year.$17.0$14.9$2.07$1.07$0.91$0.16
2013Detailed filing. Detailed filing data is available for this year.$16.7$14.8$1.91$1.11$0.95$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$14.1$1.76$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$11.3$1.56$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$11.1$1.36$0.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 18, 2025
Return Version
2024v5.0
Gross Receipts
$1,992,034
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$28,993,063--
Savings and Temporary Cash Investments$3,358,164--
Rtn Earn Endowment Incm Other Fnds$1,516,845--
Pd in Cap Srpls Land Bldg Eqp Fund$1,098,443--
Cash and Non-Interest-Bearing Accounts$876,139--
Land, Buildings, and Equipment, Net$726,789--
Prepaid Expenses and Deferred Charges$15,788--
Accounts Receivable$735--
Total Assets$34,502,733$0▼ $34,502,733
Other Assets Total$532,055--
Liabilities
Other Liabilities$31,171,474--
Accounts Payable and Accrued Expenses$715,971--
Total Liabilities$31,887,445$0▼ $31,887,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,615,288$0▼ $2,615,288
Total Liabilities and Net Assets / Fund Balance$34,502,733$0▼ $34,502,733
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gervas MgonjaCEOFT$127,183$127,183

Board Members and Trustees

NameTitle
Cindy NorthBoard Member
Judy KnudsonBoard Member
Lonnie PittsBoard Member
Richard HastertBoard Member
Robert SeivertBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,796,453
Investment Income
$195,581
Other Revenue
$0
Change in Net Assets
$-1,304,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,507,058
Salaries, Compensation, and Employee Benefits$789,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$605,701
Office Expenses---$297,163
Other Employee Benefits---$132,105
Other Expenses---$88,748
Occupancy---$73,025
Depreciation Depletion---$71,302
Fees for Services Legal---$70,455
All Other Expenses---$68,063
Payroll Taxes---$51,910
Advertising---$14,859
Conferences and Meetings---$10,754
Insurance---$8,456
Total Functional Expenses$0$0$0$3,296,774
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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 2023.”

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
Town and Country Credit Union
EIN
42-0664336
Phone
6416845448
Address
PO BOX 737, OTTUMWA, IA 52501

Signing Officer

Name
James Holle
Title
COO
Phone
6416845448
Signed
2025-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Holle
Formed
1939
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
19
Volunteers
5

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”

Form 990, Part XI, Line 9

“Mergerd into community 1st cu -1,310,548”

Raw XML Appendix317 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/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 2023.
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/ExplanationTxt8MERGERD INTO COMMUNITY 1ST CU -1,310,548
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt034502733
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt034502733
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03296774
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031887445
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt031887445
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02615288
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt01796453
IRS990/TotalReportableCompFromOrgAmt0127183
IRS990/TotalRevenueGrp/ExclusionAmt01992034
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01992034
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034502733
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 737
IRS990/USAddress/CityNm0OTTUMWA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052501
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TOWNANDCOUNTRYCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES HOLLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/PhoneNum06416845448
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOWN AND COUNTRY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TOWN
ReturnHeader/Filer/EIN0420664336
ReturnHeader/Filer/PhoneNum06416845448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 737
ReturnHeader/Filer/USAddress/CityNm0OTTUMWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 E GOLD COAST RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680464790
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02025-04-21T12:27:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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