Civic Intelligence

Community 1 St Credit Union

990 • Fiscal year 2014 • EIN 42-0686459

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 28, 2015

Organization ProfileWWW.C1STCU.COM

View Organization Page

PO Box 737Ottumwa, IA 52501

(641) 684-5448

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.91x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

17.37x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

2nd percentile

$152,677

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

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

Asset Growth

81st percentile

9.2%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

76th percentile

6.3%

Faster revenue growth than 76% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$519,360,739

Up $43,829,111 (+9.2%) from 2013

Net Assets

Up

$45,568,332

Up $5,328,175 (+13%) from 2013

Liabilities

Up

$473,792,407

Up $38,500,936 (+8.8%) from 2013

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin74th percentile

Revenue

Up

$27,273,548

Up $1,608,263 (+6.3%) from 2013

Expenses

Up

$21,945,373

Up $1,764,297 (+8.7%) from 2013

Net Income

Down

$5,328,175

Down $156,034 (-2.8%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$1.5B$1.0B$500M$0Assets 2010: $326,066,464Liabilities 2010: $298,386,886Net Assets 2010: $27,679,5782010Assets 2011: $368,811,968Liabilities 2011: $338,094,100Net Assets 2011: $30,717,8682011Assets 2012: $411,642,227Liabilities 2012: $376,886,279Net Assets 2012: $34,755,9482012Assets 2013: $475,531,628Liabilities 2013: $435,291,471Net Assets 2013: $40,240,1572013Assets 2014: $519,360,739Liabilities 2014: $473,792,407Net Assets 2014: $45,568,3322014Assets 2015: $572,585,909Liabilities 2015: $523,078,607Net Assets 2015: $49,507,3022015Assets 2016: $579,920,017Liabilities 2016: $527,713,285Net Assets 2016: $52,206,7322016Assets 2017: $621,960,501Liabilities 2017: $566,146,172Net Assets 2017: $55,814,3292017Assets 2018: $649,890,355Liabilities 2018: $590,137,358Net Assets 2018: $59,752,9972018Assets 2019: $709,383,536Liabilities 2019: $645,428,146Net Assets 2019: $63,955,3902019Assets 2020: $845,601,434Liabilities 2020: $777,563,252Net Assets 2020: $68,038,1822020Assets 2021: $1,000,297,411Liabilities 2021: $923,078,404Net Assets 2021: $77,219,0072021Assets 2022: $938,861,640Liabilities 2022: $855,150,611Net Assets 2022: $83,711,0292022Assets 2023: $971,690,377Liabilities 2023: $876,041,172Net Assets 2023: $95,649,2052023Assets 2024: $1,038,960,159Liabilities 2024: $932,666,634Net Assets 2024: $106,293,5252024

Highlighted filing

2014

Assets$519,360,739
Liabilities$473,792,407
Net Assets$45,568,332
Open 2014 Filing

Operations Trend

Revenue Growth76th percentile

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

$80M$60M$40M$20M$0Expenses 2010: $16,709,6772010Expenses 2011: $18,658,9772011Expenses 2012: $19,202,4042012Revenue 2013: $25,665,285Expenses 2013: $20,181,076Net Income 2013: $5,484,2092013Revenue 2014: $27,273,548Expenses 2014: $21,945,373Net Income 2014: $5,328,1752014Revenue 2015: $29,312,275Expenses 2015: $25,373,305Net Income 2015: $3,938,9702015Revenue 2016: $30,752,663Expenses 2016: $28,053,233Net Income 2016: $2,699,4302016Revenue 2017: $33,399,393Expenses 2017: $29,791,796Net Income 2017: $3,607,5972017Revenue 2018: $37,194,797Expenses 2018: $33,256,129Net Income 2018: $3,938,6682018Revenue 2019: $41,086,764Expenses 2019: $36,884,371Net Income 2019: $4,202,3932019Revenue 2020: $42,055,007Expenses 2020: $37,972,215Net Income 2020: $4,082,7922020Revenue 2021: $42,990,496Expenses 2021: $35,826,437Net Income 2021: $7,164,0592021Revenue 2022: $48,530,717Expenses 2022: $38,936,210Net Income 2022: $9,594,5072022Revenue 2023: $59,617,725Expenses 2023: $48,317,896Net Income 2023: $11,299,8292023Revenue 2024: $68,555,795Expenses 2024: $59,849,855Net Income 2024: $8,705,9402024

Highlighted filing

2014

Revenue$27,273,548
Expenses$21,945,373
Net Income$5,328,175
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 28, 2015
Return Version
2014v5.0
Gross Receipts
$27,273,548
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$404,189,607$450,363,928▲ $46,174,321
Rtn Earn Endowment Incm Other Fnds$25,881,083$29,315,788▲ $3,434,705
Savings and Temporary Cash Investments$31,564,029$29,100,985▼ $2,463,044
Land, Buildings, and Equipment, Net$16,543,133$16,989,239▲ $446,106
Pd in Cap Srpls Land Bldg Eqp Fund$14,359,074$16,252,544▲ $1,893,470
Cash and Non-Interest-Bearing Accounts$6,686,949$6,251,882▼ $435,067
Prepaid Expenses and Deferred Charges$485,067$382,449▼ $102,618
Accounts Receivable$22,485$82,829▲ $60,344
Investments in Publicly Traded Securities$3,419$250▼ $3,169
Total Assets$475,531,628$519,360,739▲ $43,829,111
Other Assets Total$16,036,939$16,189,177▲ $152,238
Liabilities
Other Liabilities$427,129,290$456,663,377▲ $29,534,087
Mortgage Notes Payable Secured by Investment Property$6,500,000$15,000,000▲ $8,500,000
Accounts Payable and Accrued Expenses$1,662,181$2,129,030▲ $466,849
Total Liabilities$435,291,471$473,792,407▲ $38,500,936
Net Assets / Fund Balance
Total Net Assets Fund Balance$40,240,157$45,568,332▲ $5,328,175
Total Liabilities and Net Assets / Fund Balance$475,531,628$519,360,739▲ $43,829,111

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,033,189$4,301,501$16,334,690
Equipment$3,056,077$6,693,626$9,749,703
Land$1,899,973-$1,899,973
Compensation and Service Providers
Top Officer Pay2nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James M HolleCFOFT$115,437$37,240$152,677

Board Members and Trustees

NameTitle
D David BoyerBoard Member
Floyd BrownBoard Member
Greg WetterichBoard Member
Heidi AltfillischBoard Member
Jason EubanksBoard Member
Jim FleenerBoard Member
John MayberryBoard Member
Lowell McclureBoard Member
Rex W StewartBoard Member
Scott VanengelenhovenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,189,720
Investment Income
$83,828
Other Revenue
$0
Change in Net Assets
$5,328,175

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,273,548
Total Revenue per Audited Statements
$27,273,548
Total Revenue per Form 990
$27,273,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,595,857
Salaries, Compensation, and Employee Benefits$9,349,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,125,840
Occupancy---$1,542,469
Office Expenses---$1,477,868
Depreciation Depletion---$1,468,223
Advertising---$1,079,114
All Other Expenses---$984,044
Other Employee Benefits---$953,857
Payroll Taxes---$586,742
Pension Plan Contributions---$530,400
Other Expenses---$485,191
Conferences and Meetings---$295,915
Insurance---$156,925
Current Officers, Directors, Trustees, and Key Employees---$152,677
Fees for Services Accounting---$98,832
Interest---$48,739
Fees for Services Legal---$15,896
Total Functional Expenses$0$0$0$21,945,373

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,945,373
Total Expenses per Audited Statements$21,945,373
Total Expenses per Form 990$21,945,373
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$456,663,377
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All depositors are considered members.”

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

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

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

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

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

“No review was or will be conducted.”

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

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

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

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 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
Community 1st Credit Union
EIN
42-0686459
Phone
6416845448
Address
PO BOX 737, OTTUMWA, IA 52501

Signing Officer

Name
James M Holle
Title
CFO
Phone
6416845448
Signed
2015-04-28

Organization Details

Principal Officer
James M Holle
Formed
1936
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
240
Volunteers
14

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”

Raw XML Appendix379 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01662181
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02129030
IRS990/AccountsReceivableGrp/BOYAmt022485
IRS990/AccountsReceivableGrp/EOYAmt082829
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0STATE CHARTERED CREDIT UNION
IRS990/AdvertisingGrp/TotalAmt01079114
IRS990/AllOtherExpensesGrp/TotalAmt0984044
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JAMES M HOLLE
IRS990/BooksInCareOfDetail/PhoneNum06416845448
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 737
IRS990/BooksInCareOfDetail/USAddress/CityNm0OTTUMWA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052501
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06686949
IRS990/CashNonInterestBearingGrp/EOYAmt06251882
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0152677
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0295915
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt083828
IRS990/CYOtherExpensesAmt012595857
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt027189720
IRS990/CYRevenuesLessExpensesAmt05328175
IRS990/CYSalariesCompEmpBnftPaidAmt09349516
IRS990/CYTotalExpensesAmt021945373
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt027273548
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt01468223
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt0240
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt098832
IRS990/FeesForServicesLegalGrp/TotalAmt015896
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1045.00
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/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0D DAVID BOYER
IRS990/Form990PartVIISectionAGrp/PersonNm1FLOYD BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON EUBANKS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN MAYBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM FLEENER
IRS990/Form990PartVIISectionAGrp/PersonNm5GREG WETTERICH
IRS990/Form990PartVIISectionAGrp/PersonNm6REX W STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT VANENGELENHOVEN
IRS990/Form990PartVIISectionAGrp/PersonNm8HEIDI ALTFILLISCH
IRS990/Form990PartVIISectionAGrp/PersonNm9LOWELL MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES M HOLLE
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10152677
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/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt027273548
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0156925
IRS990/InterestGrp/TotalAmt048739
IRS990/InvestmentIncomeGrp/ExclusionAmt083828
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt083828
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03419
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0250
IRS990/IRPDocumentCnt018970
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010995127
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016543133
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016989239
IRS990/LandBldgEquipCostOrOtherBssAmt027984366
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/BOYAmt06500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015000000
IRS990/NetAssetsOrFundBalancesBOYAmt040240157
IRS990/NetAssetsOrFundBalancesEOYAmt045568332
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt01542469
IRS990/OfficeExpensesGrp/TotalAmt01477868
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016036939
IRS990/OtherAssetsTotalGrp/EOYAmt016189177
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0953857
IRS990/OtherExpensesGrp/Desc0DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2DATA PROCESSING
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt03403342
IRS990/OtherExpensesGrp/TotalAmt1840627
IRS990/OtherExpensesGrp/TotalAmt2698672
IRS990/OtherExpensesGrp/TotalAmt3485191
IRS990/OtherLiabilitiesGrp/BOYAmt0427129290
IRS990/OtherLiabilitiesGrp/EOYAmt0456663377
IRS990/OtherSalariesAndWagesGrp/TotalAmt07125840
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0404189607
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0450363928
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0586742
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt014359074
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt016252544
IRS990/PensionPlanContributionsGrp/TotalAmt0530400
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0485067
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0382449
IRS990/PrincipalOfficerNm0JAMES M HOLLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt019827001
IRS990/ProgramServiceRevenueGrp/ExclusionAmt16087824
IRS990/ProgramServiceRevenueGrp/ExclusionAmt21274895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019827001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16087824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21274895
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0138194
IRS990/PYOtherExpensesAmt011567762
IRS990/PYProgramServiceRevenueAmt025527091
IRS990/PYRevenuesLessExpensesAmt05484209
IRS990/PYSalariesCompEmpBnftPaidAmt08613314
IRS990/PYTotalExpensesAmt020181076
IRS990/PYTotalRevenueAmt025665285
IRS990/ReconcilationRevenueExpnssAmt05328175
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025881083
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029315788
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031564029
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029100985
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt012033189
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04301501
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt016334690
IRS990ScheduleD/EquipmentGrp/BookValueAmt03056077
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06693626
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09749703
IRS990ScheduleD/ExpensesSubtotalAmt021945373
IRS990ScheduleD/LandGrp/BookValueAmt01899973
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01899973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0456663377
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt027273548
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016989239
IRS990ScheduleD/TotalExpensesPerForm990Amt021945373
IRS990ScheduleD/TotalLiabilityAmt0456663377
IRS990ScheduleD/TotalRevenuePerForm990Amt027273548
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt027273548
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021945373
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0115437
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount037240
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES M HOLLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152677
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0475531628
IRS990/TotalAssetsEOYAmt0519360739
IRS990/TotalAssetsGrp/BOYAmt0475531628
IRS990/TotalAssetsGrp/EOYAmt0519360739
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt0240
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt021945373
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0435291471
IRS990/TotalLiabilitiesEOYAmt0473792407
IRS990/TotalLiabilitiesGrp/BOYAmt0435291471
IRS990/TotalLiabilitiesGrp/EOYAmt0473792407
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt040240157
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045568332
IRS990/TotalProgramServiceRevenueAmt027189720
IRS990/TotalReportableCompFromOrgAmt0152677
IRS990/TotalRevenueGrp/ExclusionAmt027273548
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027273548
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0475531628
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0519360739
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 737
IRS990/USAddress/CityNm0OTTUMWA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052501
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.C1STCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M HOLLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06416845448
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY 1ST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0420686459
ReturnHeader/Filer/PhoneNum06416845448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 737
ReturnHeader/Filer/USAddress/CityNm0OTTUMWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01410 GOLD COAST RD 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680465742
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02015-05-04T09:02:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$519,360,739
Liabilities
$473,792,407
Net assets
$45,568,332
Revenue
$27,273,548
Expenses
$21,945,373
Net income
$5,328,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,039$933$106$68.6$59.8$8.71
2023Detailed filing. Detailed filing data is available for this year.$972$876$95.6$59.6$48.3$11.3
2022Detailed filing. Detailed filing data is available for this year.$939$855$83.7$48.5$38.9$9.59
2021Detailed filing. Detailed filing data is available for this year.$1,000$923$77.2$43.0$35.8$7.16
2020Detailed filing. Detailed filing data is available for this year.$846$778$68.0$42.1$38.0$4.08
2019Detailed filing. Detailed filing data is available for this year.$709$645$64.0$41.1$36.9$4.20
2018Detailed filing. Detailed filing data is available for this year.$650$590$59.8$37.2$33.3$3.94
2017Detailed filing. Detailed filing data is available for this year.$622$566$55.8$33.4$29.8$3.61
2016Detailed filing. Detailed filing data is available for this year.$580$528$52.2$30.8$28.1$2.70
2015Detailed filing. Detailed filing data is available for this year.$573$523$49.5$29.3$25.4$3.94
2014Detailed filing. Detailed filing data is available for this year.$519$474$45.6$27.3$21.9$5.33
2013Detailed filing. Detailed filing data is available for this year.$476$435$40.2$25.7$20.2$5.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$412$377$34.8$19.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$369$338$30.7$18.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$326$298$27.7$16.7