Civic Intelligence

Serve Credit Union

EIN 42-0773825 • 501(c)14 • Des Moines, IA

Profile

Growing to provide exceptional rates, competitive financial products, and friendly service to a membership dedicated to community services.

423 East Court AvenueDes Moines, IA 50309

www.servecu.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.86x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

20.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

4.4%

Faster asset growth than 75% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

2.3%

Faster revenue growth than 19% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Down

$96,897,485

Down $1,178,023 (-1.2%) from 2023

Liabilities

Down

$80,692,813

Down $2,533,212 (-3.0%) from 2023

Net Assets

Up

$16,204,672

Up $1,355,189 (+9.1%) from 2023

Revenue

Up

$6,383,635

Up $811,848 (+15%) from 2023

Expenses

Up

$5,030,072

Up $423,360 (+9.2%) from 2023

Net Income

Up

$1,353,563

Up $388,488 (+40%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $31,964,365Liabilities 2010: $27,011,720Net Assets 2010: $4,952,6452010Assets 2012: $39,658,101Liabilities 2012: $33,969,925Net Assets 2012: $5,688,1762012Assets 2013: $42,450,094Liabilities 2013: $36,378,073Net Assets 2013: $6,072,0212013Assets 2014: $44,704,805Liabilities 2014: $38,194,592Net Assets 2014: $6,510,2132014Assets 2015: $51,685,051Liabilities 2015: $44,142,060Net Assets 2015: $7,542,9912015Assets 2016: $54,252,590Liabilities 2016: $46,142,062Net Assets 2016: $8,110,5282016Assets 2017: $66,985,975Liabilities 2017: $57,029,996Net Assets 2017: $9,955,9792017Assets 2018: $69,268,918Liabilities 2018: $58,700,235Net Assets 2018: $10,568,6832018Assets 2019: $75,142,786Liabilities 2019: $63,947,731Net Assets 2019: $11,195,0552019Assets 2020: $86,739,221Liabilities 2020: $74,602,750Net Assets 2020: $12,136,4712020Assets 2021: $94,294,193Liabilities 2021: $81,264,494Net Assets 2021: $13,029,6992021Assets 2022: $98,485,699Liabilities 2022: $84,597,541Net Assets 2022: $13,888,1582022Assets 2023: $98,075,508Liabilities 2023: $83,226,025Net Assets 2023: $14,849,4832023Assets 2024: $96,897,485Liabilities 2024: $80,692,813Net Assets 2024: $16,204,6722024

Highlighted filing

2024

Assets$96,897,485
Liabilities$80,692,813
Net Assets$16,204,672

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $1,305,1272010Expenses 2012: $1,303,9922012Revenue 2013: $1,605,497Expenses 2013: $1,297,870Net Income 2013: $307,6272013Revenue 2014: $1,735,001Expenses 2014: $1,372,323Net Income 2014: $362,6782014Revenue 2015: $2,037,568Expenses 2015: $1,506,194Net Income 2015: $531,3742015Revenue 2016: $2,288,817Expenses 2016: $1,809,789Net Income 2016: $479,0282016Revenue 2017: $2,867,762Expenses 2017: $2,442,383Net Income 2017: $425,3792017Revenue 2018: $3,251,113Expenses 2018: $2,602,901Net Income 2018: $648,2122018Revenue 2019: $3,686,743Expenses 2019: $3,060,371Net Income 2019: $626,3722019Revenue 2020: $3,934,617Expenses 2020: $2,993,201Net Income 2020: $941,4162020Revenue 2021: $4,126,999Expenses 2021: $3,233,771Net Income 2021: $893,2282021Revenue 2022: $4,223,581Expenses 2022: $3,365,122Net Income 2022: $858,4592022Revenue 2023: $5,571,787Expenses 2023: $4,606,712Net Income 2023: $965,0752023Revenue 2024: $6,383,635Expenses 2024: $5,030,072Net Income 2024: $1,353,5632024

Highlighted filing

2024

Revenue$6,383,635
Expenses$5,030,072
Net Income$1,353,563

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$96.9$80.7$16.2$6.38$5.03$1.35
2023Detailed filing. Detailed filing data is available for this year.$98.1$83.2$14.8$5.57$4.61$0.97
2022Detailed filing. Detailed filing data is available for this year.$98.5$84.6$13.9$4.22$3.37$0.86
2021Detailed filing. Detailed filing data is available for this year.$94.3$81.3$13.0$4.13$3.23$0.89
2020Detailed filing. Detailed filing data is available for this year.$86.7$74.6$12.1$3.93$2.99$0.94
2019Detailed filing. Detailed filing data is available for this year.$75.1$63.9$11.2$3.69$3.06$0.63
2018Detailed filing. Detailed filing data is available for this year.$69.3$58.7$10.6$3.25$2.60$0.65
2017Detailed filing. Detailed filing data is available for this year.$67.0$57.0$9.96$2.87$2.44$0.43
2016Detailed filing. Detailed filing data is available for this year.$54.3$46.1$8.11$2.29$1.81$0.48
2015Detailed filing. Detailed filing data is available for this year.$51.7$44.1$7.54$2.04$1.51$0.53
2014Detailed filing. Detailed filing data is available for this year.$44.7$38.2$6.51$1.74$1.37$0.36
2013Detailed filing. Detailed filing data is available for this year.$42.5$36.4$6.07$1.61$1.30$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$34.0$5.69$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$27.0$4.95$1.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.0
Gross Receipts
$6,383,635
Mission and Program Overview

Mission

Growing to provide exceptional rates, competitive financial products, and friendly service to a membership dedicated to community services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$80,766,186$75,271,250▼ $5,494,936
Savings and Temporary Cash Investments$10,051,563$14,359,312▲ $4,307,749
Rtn Earn Endowment Incm Other Fnds$8,270,553$9,306,560▲ $1,036,007
Pd in Cap Srpls Land Bldg Eqp Fund$6,578,930$6,898,112▲ $319,182
Land, Buildings, and Equipment, Net$1,838,340$1,704,797▼ $133,543
Investments Program Related$919,491$961,457▲ $41,966
Cash and Non-Interest-Bearing Accounts$339,774$422,006▲ $82,232
Prepaid Expenses and Deferred Charges$154,420$135,604▼ $18,816
Accounts Receivable-$33,832-
Total Assets$98,075,508$96,897,485▼ $1,178,023
Other Assets Total$4,005,734$4,009,227▲ $3,493
Liabilities
Other Liabilities$81,598,049$79,888,304▼ $1,709,745
Accounts Payable and Accrued Expenses$1,077,976$804,509▼ $273,467
Mortgage Notes Payable Secured by Investment Property$550,000--
Total Liabilities$83,226,025$80,692,813▼ $2,533,212
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,849,483$16,204,672▲ $1,355,189
Total Liabilities and Net Assets / Fund Balance$98,075,508$96,897,485▼ $1,178,023

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$539,568$659,783$1,199,351
Buildings$582,698$501,393$1,084,091
Land$442,278-$442,278
Equipment$140,253$224,298$364,551
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alex BaranoskyBoard Member
Dale BruceBoard Member
Dave NessBoard Member
Eric HartmanBoard Member
Gene HaighBoard Member
Gretchen HaysBoard Member
Jamie XayavongBoard Member
Jason HaighBoard Member
Mike MorganBoard Member
Nick BrockmanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,660,002
Investment Income
$723,633
Other Revenue
$0
Change in Net Assets
$1,353,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,030,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$858,713
Other Expenses---$319,200
Office Expenses---$221,159
Occupancy---$219,214
Depreciation Depletion---$177,875
Advertising---$74,447
Conferences and Meetings---$44,396
Insurance---$41,593
Fees for Services Accounting---$22,107
Fees for Services Legal---$8,949
Interest---$937
Total Functional Expenses$0$0$0$5,030,072
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$79,888,304
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 on interest disclosure statement, which is updated annually.

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

The process for determining conpensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions utilizing cuna salary survey & oasis. The salary is reviewed and aaproved by the board and is docuemted in the board minutes. The latest review was conducted in december 2024.

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 on interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Serve Credit Union
EIN
42-0773825
Phone
5152432677
Address
423 EAST COURT AVENUE, DES MOINES, IA 50309

Signing Officer

Name
Jami Weems
Title
CEO
Phone
5152432677
Signed
2025-04-23

Organization Details

Principal Officer
Jami Weems
Formed
1932
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

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 IX, Line 24E

Other professional servic 190,208 0 0 data processing 150,101 0 0 loan servicing 144,036 0 0 payroll taxes 99,929 0 0 profit sharing 93,197 0 0 other benefits 81,293 0 0 miscellaneous 73,714 0 0 examination fees 15,359 0 0 asociation dues 10,876 0 0 total 858,713 0 0

Form 990, Part XI, Line 9

Net change in investment valuation reserve 1,626

Raw XML Appendix351 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/BOYAmt01077976
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0804509
IRS990/AccountsReceivableGrp/EOYAmt033832
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0GROWING TO PROVIDE EXCEPTIONAL RATES, COMPETITIVE FINANCIAL PRODUCTS, AND FRIENDLY SERVICE TO A MEMBERSHIP DEDICATED TO COMMUNITY SERVICES.
IRS990/AdvertisingGrp/TotalAmt074447
IRS990/AllOtherExpensesGrp/TotalAmt0858713
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JAMI WEEMS
IRS990/BooksInCareOfDetail/PhoneNum05152432677
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0423 EAST COURT AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0DES MOINES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050309
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0339774
IRS990/CashNonInterestBearingGrp/EOYAmt0422006
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt044396
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0723633
IRS990/CYOtherExpensesAmt05030072
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt05660002
IRS990/CYRevenuesLessExpensesAmt01353563
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt05030072
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06383635
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0177875
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt022107
IRS990/FeesForServicesLegalGrp/TotalAmt08949
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
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/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/PersonNm0ALEX BARANOSKY
IRS990/Form990PartVIISectionAGrp/PersonNm1NICK BROCKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DALE BRUCE
IRS990/Form990PartVIISectionAGrp/PersonNm3GENE HAIGH
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON HAIGH
IRS990/Form990PartVIISectionAGrp/PersonNm5ERIC HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6GRETCHEN HAYS
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVE NESS
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMIE XAYAVONG
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/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/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/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01932
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06383635
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt041593
IRS990/InterestGrp/TotalAmt0937
IRS990/InvestmentIncomeGrp/ExclusionAmt0723633
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0723633
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0919491
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0961457
IRS990/IRPDocumentCnt02198
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01385474
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01838340
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01704797
IRS990/LandBldgEquipCostOrOtherBssAmt03090271
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0GROWING TO PROVIDE EXCEPTIONAL RATES, COMPETITIVE FINANCIAL PRODUCTS, AND FRIENDLY SERVICE TO A MEMBERSHIP DEDICATED TO COMMUNITY SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0550000
IRS990/NetAssetsOrFundBalancesBOYAmt014849483
IRS990/NetAssetsOrFundBalancesEOYAmt016204672
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0219214
IRS990/OfficeExpensesGrp/TotalAmt0221159
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04005734
IRS990/OtherAssetsTotalGrp/EOYAmt04009227
IRS990/OtherChangesInNetAssetsAmt01626
IRS990/OtherExpensesGrp/Desc0DIVIDENDS
IRS990/OtherExpensesGrp/Desc1PAYROLL
IRS990/OtherExpensesGrp/Desc2ATM/DEBIT CARD PROCESSING
IRS990/OtherExpensesGrp/Desc3ALLOWANCE FOR LOAN LOSSES
IRS990/OtherExpensesGrp/TotalAmt01429743
IRS990/OtherExpensesGrp/TotalAmt11192215
IRS990/OtherExpensesGrp/TotalAmt2419524
IRS990/OtherExpensesGrp/TotalAmt3319200
IRS990/OtherLiabilitiesGrp/BOYAmt081598049
IRS990/OtherLiabilitiesGrp/EOYAmt079888304
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt080766186
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt075271250
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06578930
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06898112
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0154420
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0135604
IRS990/PrincipalOfficerNm0JAMI WEEMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt04432061
IRS990/ProgramServiceRevenueGrp/ExclusionAmt11021347
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2206594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04432061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11021347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2206594
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0321622
IRS990/PYOtherExpensesAmt04606712
IRS990/PYProgramServiceRevenueAmt05250165
IRS990/PYRevenuesLessExpensesAmt0965075
IRS990/PYTotalExpensesAmt04606712
IRS990/PYTotalRevenueAmt05571787
IRS990/ReconcilationRevenueExpnssAmt01353563
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08270553
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09306560
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010051563
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014359312
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0582698
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0501393
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01084091
IRS990ScheduleD/EquipmentGrp/BookValueAmt0140253
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0224298
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0364551
IRS990ScheduleD/LandGrp/BookValueAmt0442278
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0442278
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0539568
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0659783
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01199351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt079888304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01704797
IRS990ScheduleD/TotalLiabilityAmt079888304
IRS990/ScheduleJRequiredInd0false
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 ON INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING CONPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS UTILIZING CUNA SALARY SURVEY & OASIS. THE SALARY IS REVIEWED AND AAPROVED BY THE BOARD AND IS DOCUEMTED IN THE BOARD MINUTES. THE LATEST REVIEW WAS CONDUCTED IN DECEMBER 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT ON INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER PROFESSIONAL SERVIC 190,208 0 0 DATA PROCESSING 150,101 0 0 LOAN SERVICING 144,036 0 0 PAYROLL TAXES 99,929 0 0 PROFIT SHARING 93,197 0 0 OTHER BENEFITS 81,293 0 0 MISCELLANEOUS 73,714 0 0 EXAMINATION FEES 15,359 0 0 ASOCIATION DUES 10,876 0 0 TOTAL 858,713 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN INVESTMENT VALUATION RESERVE 1,626
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 IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098075508
IRS990/TotalAssetsEOYAmt096897485
IRS990/TotalAssetsGrp/BOYAmt098075508
IRS990/TotalAssetsGrp/EOYAmt096897485
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05030072
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt083226025
IRS990/TotalLiabilitiesEOYAmt080692813
IRS990/TotalLiabilitiesGrp/BOYAmt083226025
IRS990/TotalLiabilitiesGrp/EOYAmt080692813
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014849483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016204672
IRS990/TotalProgramServiceRevenueAmt05660002
IRS990/TotalRevenueGrp/ExclusionAmt06383635
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06383635
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098075508
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt096897485
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0423 EAST COURT AVENUE
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050309
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.SERVECU.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMI WEEMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05152432677
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SERVE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SERV
ReturnHeader/Filer/EIN0420773825
ReturnHeader/Filer/PhoneNum05152432677
ReturnHeader/Filer/USAddress/AddressLine1Txt0423 EAST COURT AVENUE
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050309
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/PreparationDt02025-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02025-04-25T12:07:48-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.