Civic Intelligence

Davenport Police Dept Credit Union

EIN 42-0664998 • 501(c)14 • Davenport, IA

Profile

Credit Unions create a source of credit at a fair and reasonable rate of interest

1530 W 53rd StDavenport, IA 52806

www.dpdcu.com

Siviq Scores

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

Liabilities / Assets

99th percentile

0.94x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

118.82x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-856%

Higher net margin than 1% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

23rd percentile

$11,200

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2023

Asset Growth

64th percentile

-5.3%

Faster asset growth than 64% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-62%

Faster revenue growth than 9% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$4,900,028

Down $271,591 (-5.3%) from 2022

Liabilities

Up

$4,627,318

Up $61,932 (+1.4%) from 2022

Net Assets

Down

$272,710

Down $333,523 (-55%) from 2022

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$38,945

Down $62,223 (-62%) from 2022

Expenses

Up

$372,468

Up $273,996 (+278%) from 2022

Net Income

Down

-$333,523

Down $336,219 (-12471%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,712,050Liabilities 2010: $3,192,002Net Assets 2010: $520,0482010Assets 2012: $3,681,630Liabilities 2012: $3,148,606Net Assets 2012: $533,0242012Assets 2013: $3,880,752Liabilities 2013: $3,342,299Net Assets 2013: $538,4532013Assets 2014: $3,800,765Liabilities 2014: $3,254,312Net Assets 2014: $546,4532014Assets 2015: $4,140,757Liabilities 2015: $3,583,263Net Assets 2015: $557,4942015Assets 2016: $4,265,446Liabilities 2016: $3,699,158Net Assets 2016: $566,2882016Assets 2017: $4,093,047Liabilities 2017: $3,518,349Net Assets 2017: $574,6982017Assets 2018: $4,134,241Liabilities 2018: $3,551,825Net Assets 2018: $582,4162018Assets 2019: $4,356,552Liabilities 2019: $3,765,540Net Assets 2019: $591,0122019Assets 2020: $4,585,374Liabilities 2020: $3,987,948Net Assets 2020: $597,4262020Assets 2021: $5,116,152Liabilities 2021: $4,512,615Net Assets 2021: $603,5372021Assets 2022: $5,171,619Liabilities 2022: $4,565,386Net Assets 2022: $606,2332022Assets 2023: $4,900,028Liabilities 2023: $4,627,318Net Assets 2023: $272,7102023

Highlighted filing

2023

Assets$4,900,028
Liabilities$4,627,318
Net Assets$272,710
Open 2023 Filing

Operations Trend

Revenue Growth9th percentile

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

$400K$200K$0-$200K-$400KExpenses 2010: $155,8142010Expenses 2012: $118,2512012Revenue 2013: $110,607Expenses 2013: $105,180Net Income 2013: $5,4272013Revenue 2014: $109,532Expenses 2014: $101,532Net Income 2014: $8,0002014Revenue 2015: $117,861Expenses 2015: $106,820Net Income 2015: $11,0412015Revenue 2016: $112,320Expenses 2016: $103,526Net Income 2016: $8,7942016Revenue 2017: $112,427Expenses 2017: $104,017Net Income 2017: $8,4102017Revenue 2018: $122,388Expenses 2018: $113,901Net Income 2018: $8,4872018Revenue 2019: $136,352Expenses 2019: $128,525Net Income 2019: $7,8272019Revenue 2020: $124,556Expenses 2020: $118,142Net Income 2020: $6,4142020Revenue 2021: $100,039Expenses 2021: $93,928Net Income 2021: $6,1112021Revenue 2022: $101,168Expenses 2022: $98,472Net Income 2022: $2,6962022Revenue 2023: $38,945Expenses 2023: $372,468Net Income 2023: -$333,5232023

Highlighted filing

2023

Revenue$38,945
Expenses$372,468
Net Income-$333,523
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,900,028
Liabilities
$4,627,318
Net assets
$272,710
Revenue
$38,945
Expenses
$372,468
Net income
-$333,523
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$4.90$4.63$0.27$0.04$0.37$0.33
2022Detailed filing. Detailed filing data is available for this year.$5.17$4.57$0.61$0.10$0.10$0.00
2021Detailed filing. Detailed filing data is available for this year.$5.12$4.51$0.60$0.10$0.09$0.01
2020Detailed filing. Detailed filing data is available for this year.$4.59$3.99$0.60$0.12$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.36$3.77$0.59$0.14$0.13$0.01
2018Detailed filing. Detailed filing data is available for this year.$4.13$3.55$0.58$0.12$0.11$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.09$3.52$0.57$0.11$0.10$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.27$3.70$0.57$0.11$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.14$3.58$0.56$0.12$0.11$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.80$3.25$0.55$0.11$0.10$0.01
2013Detailed filing. Detailed filing data is available for this year.$3.88$3.34$0.54$0.11$0.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$3.15$0.53$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$3.19$0.52$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 24, 2024
Return Version
2023v5.0
Gross Receipts
$38,945
Mission and Program Overview

Mission

Credit Unions create a source of

Credit Unions create a source of credit at a fair and reasonable rate of interest

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,321,972$3,024,000▼ $297,972
Other Notes and Loans Receivable, Net$1,379,439$1,324,048▼ $55,391
Savings and Temporary Cash Investments$213,754$276,534▲ $62,780
Cash and Non-Interest-Bearing Accounts$135,468$166,290▲ $30,822
Pd in Cap Srpls Land Bldg Eqp Fund$150,000$150,000→ $0
Rtn Earn Endowment Incm Other Fnds$456,233$122,710▼ $333,523
Receivables From Officers Etc$57,046$67,968▲ $10,922
Prepaid Expenses and Deferred Charges$3,304$0▼ $3,304
Total Assets$5,171,619$4,900,028▼ $271,591
Other Assets Total$60,636$41,188▼ $19,448
Liabilities
Other Liabilities$3,920,536$3,900,890▼ $19,646
Escrow Account Liability$631,320$663,911▲ $32,591
Accounts Payable and Accrued Expenses$13,530$62,517▲ $48,987
Total Liabilities$4,565,386$4,627,318▲ $61,932
Net Assets / Fund Balance
Total Net Assets Fund Balance$606,233$272,710▼ $333,523
Total Liabilities and Net Assets / Fund Balance$5,171,619$4,900,028▼ $271,591

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$100,000--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jay VerhorevoortPresidentPT$11,200$11,200

Board Members and Trustees

NameTitle
Jane ImmingAudit Chairperson
Richard SkeppstedtChairperson
Jason SmithVice Chairperson
Eric CourtDirector
Henry JacobsenDirector
Jamie BrownDirector
Ronald WalineDirector
Donald HussSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,244
Investment Income
$19,528
Other Revenue
$1,173
Change in Net Assets
$-333,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,628
Salaries, Compensation, and Employee Benefits$10,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$69,599$0$0$69,599
Current Officers, Directors, Trustees, and Key Employees$10,000$0$0$10,000
Insurance$3,304$0$0$3,304
Occupancy$2,865$0$0$2,865
Office Expenses$2,271$0$0$2,271
Payroll Taxes$840$0$0$840
Other Expenses$546$0$0$546
Total Functional Expenses$372,468$0$0$372,468
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$57,046$67,968▲ $10,922
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$3,051,931
Regular Share Certificates$848,959
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Davenport Police Dept Credit Union
EIN
42-0664998
Phone
5633888328
Address
1530 W 53rd St, Davenport, IA 52806

Signing Officer

Name
Jay Verhorevoort
Title
President
Phone
5633888328
Signed
2024-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Verhorevoort
Formed
1934
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
0
Employees
1
Volunteers
9

Preparer

Firm
Jay Verhorevoort CPA
Address
28344 104th Ave, Donahue, IA 52746
Preparer
Jay Verhorevoort
Phone
5639403168
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Distributed and discuss at Directors' Organizational Meeting”

Pt VI, Line 12C

“Directors review Conflict of Interest Policy and complete Conflict of Interest Statement”

Pt VI, Line 15B

“Employee compensation discussed annually at Organizational Meeting”

Pt VI, Line 19

“Lobby Notice Stating documents are available for inspection.”

Pt VI, Line 7A

“Director's elected at annual membership meeting”

Pt VI, Line 6

“Membership open to City of Davenport employees and Public Safety workers in Scott County, IA”

Pt VI, Line 15A

“President's Salary discussed and set at annual Board of Director's Organizational Meeting.”

Pt VI, Line 7B

“Approved at annual membership meeting.”

Financial Statement Notes

Pt IV, Line 1B

“IRA accounts”

Pt IV, Line 2B

“IRA accounts”

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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt01173
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01379439
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01324048
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0840
IRS990/PayrollTaxesGrp/TotalAmt0840
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0150000
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0150000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03304
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Jay Verhorevoort
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0Loan Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018244
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt040070
IRS990/PYOtherExpensesAmt089825
IRS990/PYOtherRevenueAmt03792
IRS990/PYProgramServiceRevenueAmt057306
IRS990/PYRevenuesLessExpensesAmt02696
IRS990/PYSalariesCompEmpBnftPaidAmt08647
IRS990/PYTotalExpensesAmt098472
IRS990/PYTotalRevenueAmt0101168
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt057046
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt067968
IRS990/ReconcilationRevenueExpnssAmt0-333523
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0456233
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0122710
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0213754
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0276534
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AdditionsDuringYearAmt032591
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/BeginningBalanceAmt0631320
IRS990ScheduleD/DistributionsDuringYearAmt00
IRS990ScheduleD/EndingBalanceAmt0663911
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02924000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Certificates of Deposit
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCB Reserve Balance
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03051931
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1848959
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Regular Share Certificates
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IRA accounts
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IRA accounts
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 1b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt IV, Line 2b
IRS990ScheduleD/TotalBookValueProgramRltdAmt03024000
IRS990ScheduleD/TotalLiabilityAmt03900890
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt030586
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt14105
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt25308
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt37810
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt420159
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Mortgage
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1car loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2car loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3car loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4car loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0115000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt118000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt214000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt311819
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt424000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Eric Court
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Eric Court
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Henry Jacobsen
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Richard Skeppstedt
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Jamie Brown
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt067968
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Loans, Investments, Deposits
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0The Family Credit Union
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-04-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0426061556
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt04900028
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Cash Basis
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01530 W 53rd St
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Davenport
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd052806
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0On 4/30/2023 the Davenport Police Department Credit Union ceased operations and merged into The Family Credit Union. Merger was approved by state and federal regulator.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Distributed and discuss at Directors' Organizational Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors review Conflict of Interest Policy and complete Conflict of Interest Statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Employee compensation discussed annually at Organizational Meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Lobby Notice Stating documents are available for inspection.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Director's elected at annual membership meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Membership open to City of Davenport employees and Public Safety workers in Scott County, IA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6President's Salary discussed and set at annual Board of Director's Organizational Meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Approved at annual membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 7b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt05171619
IRS990/TotalAssetsEOYAmt04900028
IRS990/TotalAssetsGrp/BOYAmt05171619
IRS990/TotalAssetsGrp/EOYAmt04900028
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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