Civic Intelligence

Ascentra Credit Union

990 • Fiscal year 2013 • EIN 42-0747751

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 27, 2014

1710 Grant StBettendorf, IA 52722

(800) 426-5241

Siviq Scores

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

Liabilities / Assets

56th percentile

0.90x

Higher debt load relative to assets than 56% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Liabilities / Revenue

12th percentile

12.78x

Higher debt load relative to revenue than 12% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Net Margin

82nd percentile

22%

Higher net margin than 82% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Top Officer Pay

95th percentile

$927,735

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2013

Asset Growth

94th percentile

13%

Faster asset growth than 94% of similar nonprofits.

2013 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2011 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$328,170,234

Up $71,033,780 (+28%) from 2011

Net Assets

Up

$32,879,092

Up $9,186,342 (+39%) from 2011

Liabilities

Up

$295,291,142

Up $61,847,438 (+26%) from 2011

Revenue

$23,097,172

No earlier filing loaded for comparison.

Expenses

Up

$17,997,308

Up $1,240,119 (+7.4%) from 2011

Net Income

$5,099,864

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $236,169,714Liabilities 2010: $214,870,961Net Assets 2010: $21,298,7532010Assets 2011: $257,136,454Liabilities 2011: $233,443,704Net Assets 2011: $23,692,7502011Assets 2013: $328,170,234Liabilities 2013: $295,291,142Net Assets 2013: $32,879,0922013Assets 2014: $341,944,455Liabilities 2014: $306,118,978Net Assets 2014: $35,825,4772014Assets 2015: $369,221,599Liabilities 2015: $331,555,593Net Assets 2015: $37,666,0062015Assets 2016: $394,426,524Liabilities 2016: $354,811,070Net Assets 2016: $39,615,4542016Assets 2017: $409,300,803Liabilities 2017: $367,373,328Net Assets 2017: $41,927,4752017Assets 2018: $405,453,243Liabilities 2018: $361,829,178Net Assets 2018: $43,624,0652018Assets 2019: $424,287,515Liabilities 2019: $378,064,597Net Assets 2019: $46,222,9182019Assets 2020: $495,382,724Liabilities 2020: $447,912,083Net Assets 2020: $47,470,6412020Assets 2021: $534,049,811Liabilities 2021: $484,860,767Net Assets 2021: $49,189,0442021Assets 2022: $527,520,974Liabilities 2022: $479,176,129Net Assets 2022: $48,344,8452022Assets 2023: $534,114,802Liabilities 2023: $482,660,465Net Assets 2023: $51,454,3372023Assets 2024: $543,907,511Liabilities 2024: $489,563,969Net Assets 2024: $54,343,5422024

Highlighted filing

2013

Assets$328,170,234
Liabilities$295,291,142
Net Assets$32,879,092

Operations Trend

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

$40M$30M$20M$10M$0Expenses 2010: $16,560,7132010Expenses 2011: $16,757,1892011Revenue 2013: $23,097,172Expenses 2013: $17,997,308Net Income 2013: $5,099,8642013Revenue 2014: $20,968,309Expenses 2014: $18,224,943Net Income 2014: $2,743,3662014Revenue 2015: $21,380,030Expenses 2015: $19,514,191Net Income 2015: $1,865,8392015Revenue 2016: $23,680,902Expenses 2016: $21,722,746Net Income 2016: $1,958,1562016Revenue 2017: $24,552,402Expenses 2017: $22,185,257Net Income 2017: $2,367,1452017Revenue 2018: $25,507,215Expenses 2018: $23,484,785Net Income 2018: $2,022,4302018Revenue 2019: $27,263,133Expenses 2019: $25,463,129Net Income 2019: $1,800,0042019Revenue 2020: $26,041,653Expenses 2020: $25,159,163Net Income 2020: $882,4902020Revenue 2021: $27,182,453Expenses 2021: $25,040,457Net Income 2021: $2,141,9962021Revenue 2022: $29,345,594Expenses 2022: $27,536,971Net Income 2022: $1,808,6232022Revenue 2023: $35,365,466Expenses 2023: $32,660,041Net Income 2023: $2,705,4252023Revenue 2024: $38,462,503Expenses 2024: $36,127,199Net Income 2024: $2,335,3042024

Highlighted filing

2013

Revenue$23,097,172
Expenses$17,997,308
Net Income$5,099,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 27, 2014
Return Version
2013v3.1
Gross Receipts
$23,097,172
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$197,671,827$250,680,311▲ $53,008,484
Savings and Temporary Cash Investments$38,775,883$42,681,081▲ $3,905,198
Rtn Earn Endowment Incm Other Fnds$18,571,926$21,614,172▲ $3,042,246
Land, Buildings, and Equipment, Net$11,115,177$13,715,400▲ $2,600,223
Pd in Cap Srpls Land Bldg Eqp Fund$8,764,920$11,264,920▲ $2,500,000
Investments in Publicly Traded Securities$12,414,972$8,048,367▼ $4,366,605
Cash and Non-Interest-Bearing Accounts$3,467,786$4,231,202▲ $763,416
Prepaid Expenses and Deferred Charges$375,707$602,339▲ $226,632
Accounts Receivable$31,724$26,801▼ $4,923
Total Assets$276,363,849$328,170,234▲ $51,806,385
Other Assets Total$12,510,773$8,184,733▼ $4,326,040
Liabilities
Other Liabilities$223,818,802$259,832,954▲ $36,014,152
Mortgage Notes Payable Secured by Investment Property$19,850,000$27,950,000▲ $8,100,000
Accounts Payable and Accrued Expenses$5,358,201$7,508,188▲ $2,149,987
Total Liabilities$249,027,003$295,291,142▲ $46,264,139
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,336,846$32,879,092▲ $5,542,246
Total Liabilities and Net Assets / Fund Balance$276,363,849$328,170,234▲ $51,806,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,203,226$2,784,096$10,987,322
Equipment$1,922,839$4,293,315$6,216,154
Land$3,589,335-$3,589,335
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul LensmeyerPresident/ceFT$920,499$7,236$927,735
Paul LensmeyerPresident/CEO-$102,630$825,105$927,735
Dale OwenPresident/ceFT$269,742$4,366$274,108
Dale OwenPresident/CEO-$226,267$47,841$274,108
Joanne BoozerEvp OperatioFT$173,083$4,456$177,539
Joanne BoozerEvp Operations-$133,676$43,863$177,539
Becky HansenEvp ComplianFT$163,328$4,634$167,962
Becky HansenEvp Compliance-$135,639$32,323$167,962
Cody FlattVP Wealth MaFT$155,649$4,034$159,683
Cody FlattVP Wealth Management-$150,030$9,653$159,683
Brad KnutsonChief Tech OFT$151,709$3,527$155,236
Brad KnutsonChief Tech Officer-$115,165$40,071$155,236
Linda AndryCFOFT$113,048$38,662$151,710
Shelly RidgewayVP of LendinFT$109,952$2,666$112,618

Board Members and Trustees

NameTitle
Daniel BirdsleyBoard Member
Dirk MooyBoard Member
Elaine ReidBoard Member
Gary SchockerBoard Member
Larry KetelsenBoard Member
Larry RidenourBoard Member
Laura CurtisBoard Member
Mary SoederBoard Member
Troy SmithBoard Member
Woody PerkinsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,936,990
Investment Income
$1,160,182
Other Revenue
$0
Change in Net Assets
$5,099,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,097,172
Total Revenue per Audited Statements
$23,097,172
Total Revenue per Form 990
$23,097,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,107,424
Salaries, Compensation, and Employee Benefits$6,889,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,998,541
All Other Expenses---$2,062,816
Other Expenses---$1,003,314
Depreciation Depletion---$956,124
Current Officers, Directors, Trustees, and Key Employees---$934,528
Comp Disqual Persons---$927,735
Office Expenses---$852,250
Occupancy---$717,255
Advertising---$565,141
Interest---$507,431
Other Employee Benefits---$395,958
Payroll Taxes---$359,528
Pension Plan Contributions---$273,594
Conferences and Meetings---$128,846
Insurance---$123,483
Fees for Services Accounting---$54,190
Fees for Services Legal---$14,264
Total Functional Expenses$0$0$0$17,997,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,997,308
Total Expenses per Audited Statements$17,997,308
Total Expenses per Form 990$17,997,308
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$259,832,954
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 board of directors hires an independent consultant to perform a salary review on the ceo on a bi-annual basis. The ceo evaluation is discussed at the board meeting, a motion is made as to the level of compensation and then voted on by the board.

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

EIN
42-0747751
Phone
8004265241

Signing Officer

Name
Linda Andry
Title
CFO
Phone
8004265241
Signed
2014-10-27

Organization Details

Principal Officer
Linda Andry
Formed
1950
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
138
Volunteers
10

Preparer

Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

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

N/A

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

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

Form 990, Part IX, Line 24E

Atm/debit card processing 959,047 0 0 other professional servic 284,549 0 0 miscellaneous expense 235,525 0 0 oreo expense 174,432 0 0 ncua stabilization loss 174,168 0 0 intangible amortization 79,765 0 0 exam fees 53,634 0 0 personnel services 52,263 0 0 dues 49,433 0 0

Form 990, Part XI, Line 9

Equity acquired in merger 818,990 net change in investment valuation reserve 376,608

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IRS990/InterestGrp/TotalAmt0507431
IRS990/InvestmentIncomeGrp/ExclusionAmt01160182
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt08048367
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IRS990/LandBldgEquipCostOrOtherBssAmt020792811
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/BOYAmt019850000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt027950000
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IRS990/NetAssetsOrFundBalancesEOYAmt032879092
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0717255
IRS990/OfficeExpensesGrp/TotalAmt0852250
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt0442382
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0395958
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3DATA PROCESSING
IRS990/OtherExpensesGrp/TotalAmt01602900
IRS990/OtherExpensesGrp/TotalAmt11317428
IRS990/OtherExpensesGrp/TotalAmt21201982
IRS990/OtherExpensesGrp/TotalAmt31003314
IRS990/OtherLiabilitiesGrp/BOYAmt0223818802
IRS990/OtherLiabilitiesGrp/EOYAmt0259832954
IRS990/OtherSalariesAndWagesGrp/TotalAmt03998541
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0375707
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0602339
IRS990/PrincipalOfficerNm0LINDA ANDRY
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IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt012324683
IRS990/ProgramServiceRevenueGrp/ExclusionAmt17112313
IRS990/ProgramServiceRevenueGrp/ExclusionAmt22499994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012324683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17112313
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IRS990/PYOtherExpensesAmt09799148
IRS990/PYProgramServiceRevenueAmt018352137
IRS990/PYRevenuesLessExpensesAmt03646460
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IRS990/PYTotalExpensesAmt016135416
IRS990/PYTotalRevenueAmt019781876
IRS990/ReconcilationRevenueExpnssAmt05099864
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IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018571926
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt021614172
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038775883
IRS990/SavingsAndTempCashInvstGrp/EOYAmt042681081
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08203226
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02784096
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010987322
IRS990ScheduleD/EquipmentGrp/BookValueAmt01922839
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04293315
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06216154
IRS990ScheduleD/ExpensesSubtotalAmt017997308
IRS990ScheduleD/LandGrp/BookValueAmt03589335
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03589335
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0259832954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt023097172
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013715400
IRS990ScheduleD/TotalExpensesPerForm990Amt017997308
IRS990ScheduleD/TotalLiabilityAmt0259832954
IRS990ScheduleD/TotalRevenuePerForm990Amt023097172
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023097172
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017997308
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0226267
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1133676
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2135639
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3150030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4115165
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5113048
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6102630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount125475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount227137
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount35475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount421719
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount521976
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount643828
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt14456
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt24634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt34034
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt43527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt53520
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt67236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt018035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt113932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt2552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt3144
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt414825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt513166
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt6774041
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DALE OWEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOANNE BOOZER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BECKY HANSEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3CODY FLATT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4BRAD KNUTSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5LINDA ANDRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6PAUL LENSMEYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EVP COMPLIANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP WEALTH MANAGEMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CHIEF TECH OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6PRESIDENT/CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1177539
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2167962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3159683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4155236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5151710
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt6927735
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS HIRES AN INDEPENDENT CONSULTANT TO PERFORM A SALARY REVIEW ON THE CEO ON A BI-ANNUAL BASIS. THE CEO EVALUATION IS DISCUSSED AT THE BOARD MEETING, A MOTION IS MADE AS TO THE LEVEL OF COMPENSATION AND THEN VOTED ON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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/ExplanationTxt9ATM/DEBIT CARD PROCESSING 959,047 0 0 OTHER PROFESSIONAL SERVIC 284,549 0 0 MISCELLANEOUS EXPENSE 235,525 0 0 OREO EXPENSE 174,432 0 0 NCUA STABILIZATION LOSS 174,168 0 0 INTANGIBLE AMORTIZATION 79,765 0 0 EXAM FEES 53,634 0 0 PERSONNEL SERVICES 52,263 0 0 DUES 49,433 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10EQUITY ACQUIRED IN MERGER 818,990 NET CHANGE IN INVESTMENT VALUATION RESERVE 376,608
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$544$490$54.3$38.5$36.1$2.34
2023Detailed filing. Detailed filing data is available for this year.$534$483$51.5$35.4$32.7$2.71
2022Detailed filing. Detailed filing data is available for this year.$528$479$48.3$29.3$27.5$1.81
2021Detailed filing. Detailed filing data is available for this year.$534$485$49.2$27.2$25.0$2.14
2020Detailed filing. Detailed filing data is available for this year.$495$448$47.5$26.0$25.2$0.88
2019Detailed filing. Detailed filing data is available for this year.$424$378$46.2$27.3$25.5$1.80
2018Detailed filing. Detailed filing data is available for this year.$405$362$43.6$25.5$23.5$2.02
2017Detailed filing. Detailed filing data is available for this year.$409$367$41.9$24.6$22.2$2.37
2016Detailed filing. Detailed filing data is available for this year.$394$355$39.6$23.7$21.7$1.96
2015Detailed filing. Detailed filing data is available for this year.$369$332$37.7$21.4$19.5$1.87
2014Detailed filing. Detailed filing data is available for this year.$342$306$35.8$21.0$18.2$2.74
2013Detailed filing. Detailed filing data is available for this year.$328$295$32.9$23.1$18.0$5.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$257$233$23.7$16.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$236$215$21.3$16.6