Civic Intelligence

Affinity Credit Union

990 • Fiscal year 2012 • EIN 42-0794732

Jan 01, 2012 to Dec 31, 2012 • Filed on Jun 17, 2013

Organization ProfileWWW.AFFINITYCUIA.ORG

View Organization Page

475 NW Hoffman Lane50313
Siviq Scores

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

Liabilities / Assets

71st percentile

0.91x

Higher debt load relative to assets than 71% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

17th percentile

0.7%

Faster asset growth than 17% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2010 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$68,913,182

Up $917,570 (+1.3%) from 2010

Net Assets

Up

$6,372,758

Up $107,561 (+1.7%) from 2010

Liabilities

Up

$62,540,424

Up $810,009 (+1.3%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,910,321

Down $460,753 (-11%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$150M$100M$50M$0Assets 2010: $67,995,612Liabilities 2010: $61,730,415Net Assets 2010: $6,265,1972010Assets 2012: $68,913,182Liabilities 2012: $62,540,424Net Assets 2012: $6,372,7582012Assets 2013: $72,613,616Liabilities 2013: $65,951,923Net Assets 2013: $6,661,6932013Assets 2014: $78,681,497Liabilities 2014: $71,330,428Net Assets 2014: $7,351,0692014Assets 2015: $92,185,296Liabilities 2015: $83,934,736Net Assets 2015: $8,250,5602015Assets 2016: $95,866,702Liabilities 2016: $86,388,600Net Assets 2016: $9,478,1022016Assets 2017: $110,637,287Liabilities 2017: $100,528,332Net Assets 2017: $10,108,9552017Assets 2018: $114,681,211Liabilities 2018: $104,284,060Net Assets 2018: $10,397,1512018Assets 2019: $122,310,053Liabilities 2019: $110,753,405Net Assets 2019: $11,556,6482019Assets 2020: $130,856,026Liabilities 2020: $118,449,138Net Assets 2020: $12,406,8882020Assets 2021: $138,929,538Liabilities 2021: $125,085,096Net Assets 2021: $13,844,4422021Assets 2022: $144,688,009Liabilities 2022: $131,304,185Net Assets 2022: $13,383,8242022Assets 2023: $142,200,244Liabilities 2023: $127,580,467Net Assets 2023: $14,619,7772023Assets 2024: $148,645,606Liabilities 2024: $132,344,703Net Assets 2024: $16,300,9032024

Highlighted filing

2012

Assets$68,913,182
Liabilities$62,540,424
Net Assets$6,372,758
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0Expenses 2010: $4,371,0742010Expenses 2012: $3,910,3212012Revenue 2013: $4,131,370Expenses 2013: $3,918,755Net Income 2013: $212,6152013Revenue 2014: $4,826,193Expenses 2014: $4,154,494Net Income 2014: $671,6992014Revenue 2015: $5,363,213Expenses 2015: $4,450,669Net Income 2015: $912,5442015Revenue 2016: $6,233,846Expenses 2016: $5,004,810Net Income 2016: $1,229,0362016Revenue 2017: $7,334,172Expenses 2017: $6,761,589Net Income 2017: $572,5832017Revenue 2018: $8,920,877Expenses 2018: $8,506,146Net Income 2018: $414,7312018Revenue 2019: $9,561,894Expenses 2019: $8,396,073Net Income 2019: $1,165,8212019Revenue 2020: $8,872,465Expenses 2020: $8,028,550Net Income 2020: $843,9152020Revenue 2021: $8,522,326Expenses 2021: $6,853,970Net Income 2021: $1,668,3562021Revenue 2022: $8,183,836Expenses 2022: $6,874,857Net Income 2022: $1,308,9792022Revenue 2023: $9,886,518Expenses 2023: $8,464,621Net Income 2023: $1,421,8972023Revenue 2024: $10,761,673Expenses 2024: $9,502,972Net Income 2024: $1,258,7012024

Highlighted filing

2012

Revenue-
Expenses$3,910,321
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jun 17, 2013
Return Version
2012v2.1
Gross Receipts
$3,966,597
Mission and Program Overview

Mission

Building better lives by working in your best interest, simplify your life, provide solutions to help you achieve financial success and enrich our communities.

Filing and Contact Details

Filer

EIN
42-0794732
Raw XML AppendixShowing 400 of 452 raw XML fields

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IRS990/ActivityOrMissionDescription0THE MISSION OF AFFINITY CREDIT UNION IS TO PROMOTE FINANCIAL THRIFT BY PROVIDING FINANCIAL SERVICES TO OUR MEMBERS BY OFFERING LOANS AND SAVINGS WITH REASONABLE RATES WHILE PROVIDING THE OTHER FINANCIAL SERVICES THEY DESIRE; ALSO AT LITTLE OR NO COST; IN ORDER TO BE A FULL SERVICE FINANCIAL PROVIDER SO OUR MEMBERS DO NOT HAVE COMPLICATE THEIR FINANCIAL LIVES WITH RELATIONSHIPS WITH MULTIPLE FINANCIAL INSTITUTIONS.
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IRS990/Description0AFFINITY CREDIT UNION PROVIDES A WIDE VARIETY OF SERVICES TO ITS MEMBERS; THE PRIMARY DEPOSIT PRODUCTS ARE SHARES AND SHARE DRAFTS INCLUDING DEBIT CARDS. 5,927 OF OUR 12,406 MEMBERS HAVE SHARE DRAFT ACCOUNTS AND THERE ARE 5872 DEBIT CARDS ON THOSE ACCOUNTS WITH SOME ACCOUNTS HAVING MORE THAN ONE CARD. IN 2012 OUR MEMBERS DID 1,773,337 DEBIT CARD TRANSACTIONS WORTH $59,924,946. WE DO NOT CHARGE A FEE TO HAVE THE DEBIT CARD AND ONE OF THE SHARE DRAFT ACCOUNT OPTIONS AVAILABLE HAS NO MONTHLY FEES SO OUR MEMBERS CAN USE THE SERVICES WITH NO MAINTENANCE FEES. ANOTHER MAJOR PROGRAM AT AFFINITY CU IS OUR LENDING PROGRAM, WE OFFER A WIDE VARIETY OF LOANS INCLUDING NEW AND USED AUTO, SIGNATURE, MASTERCARD, REAL ESTATE SECURED AND LIMITED COMMERCIAL LOANS BUT OUR MOST ACTIVE SEGMENT IS OUR NEW INDIRECT LOAN PROGRAM THAT WAS STARTED DURING THE SECOND HALF OF 2011. OUR INDIRECT PROGRAM THRU CUDL PROVIDES US WITH PARTNERSHIPS AT 81 NEW AND USED AUTO DEALERS IN THE STATE OF IOWA. THIS PROGRAM PROVIDES A GREAT SERVICE TO THE CURRENT AND NEW MEMBERS AS THEY DO NOT HAVE TO COME TO THE CREDIT UNION TO GET THEIR LOAN WHEN PURCHASING A VEHICLE BUT INSTEAD ALL OF THE PAPERWORK IS DONE AT THE DEALER. IN 2012 WE GRANTED 374 TOTALING $8,528,913.32. PARTICIPANTS DO HAVE TO MEET OUR NORMAL MEMBERSHIP GUIDELINES BUT THE MEMBERSHIP CAN ALSO BE OPENED AT THE DEALERSHIP SO, AGAIN THE PERSON GETTING THE LOAN DOESN'T HAVE TO DRIVE TO THE CREDIT UNION. A THIRD SERVICE THAT AFFINITY CU OFFERS IS OUR WIDE RANGE OF ONLINE SERVICES THAT GIVE OUR MEMBERS THE OPPORTUNITY TO ACCESS THEIR ACCOUNT FROM THEIR HOME OR, VIA THEIR PHONE, WHEREVER THEY ARE. USING OUR FREE ONLINE SERVICES MEMBERS CAN VIEW ACCOUNT DETAILS, INCLUDING COPIES OF CLEARED SHARE DRAFTS, TRANSFER FUNDS WITHIN THEIR ACCOUNT OR TO OTHER AUTHORIZED ACCOUNTS, MAKE LOAN PAYMENTS, PAY BILLS VIA OUR BILL PAY SYSTEM, VIEW STATEMENTS, AND APPLY FOR LOANS. WE ALSO OFFER LINKS TO VARIOUS FINANCIAL ASSISTANCE WEB SITES FOR MEMBERS OF ALL AGES. AS OF THE END OF 2012 4,167 MEMBERS HAD SIGNED UP TO USE OUR SECURE SITE TO ACCESS THEIR ACCOUNT INFORMATION, 607 USERS SIGNED UP FOR OUR MOBILE BANKING PRODUCT AND THE BILL PAYMENT MODULE HAD 792 USERS. IN 2012 BILL PAYMENT SYSTEM PROCESSED 25,601 PAYMENTS TOTALING $5,972,799. OUR E-STATEMENTS HAD 1,399 ENROLLED USERS WHICH IS 12% OF OUR TOTAL MEMBERSHIP.
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IRS990ScheduleD/InvestmentsProgramRelated/Description0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/InvestmentsProgramRelated/Description1CORPORATE CENTRAL
IRS990ScheduleD/InvestmentsProgramRelated/Description2FED HOME LOAN BK MEMBERSHIP STOCK
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1C
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation2C
IRS990ScheduleD/Land/BookValue0283648
IRS990ScheduleD/Land/OtherCostOrOtherBasis0283648
IRS990ScheduleD/LeaseholdImprovements/BookValue00
IRS990ScheduleD/LeaseholdImprovements/Depreciation06180
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis06180
IRS990ScheduleD/OtherLandBuildings/BookValue044353
IRS990ScheduleD/OtherLandBuildings/Depreciation0115078
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0159431
IRS990ScheduleD/OtherLiabilities/Amount061667275
IRS990ScheduleD/OtherLiabilities/Description0MEMBER SHARES
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal03966597
IRS990ScheduleD/TotalExpensesPerForm99003910321
IRS990ScheduleD/TotalOfAmounts061667275
IRS990ScheduleD/TotalOfBookValueLandBuildings02288504
IRS990ScheduleD/TotalOfBookValueProgramRelated015563229
IRS990ScheduleD/TotalRevenuePerForm99003966597
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt03910321
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt03966597
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0SANDRA ROBINSON, CEO, AND JASON CROOKS, VICE PRESIDENT OF OPERATIONS (2ND IN COMMAND) ARE AUNT AND NEPHEW.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION IS A CREDIT UNION WITH MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ENTIRE BOARD OF DIRECTORS IS VOTED ON BY THE MEMBERSHIP OUT OF THE MEMBERSHIP. EVERY YEAR THERE ARE THREE POSITIONS UP FOR ELECTION FOR THREE YEAR TERMS (9 BOARD MEMBERS). BOARD MEMBERS COME OUT OF THE GENERAL MEMBERSHIP AND ANY MEMBER IN GOOD STANDING CAN RUN FOR THE BOARD. A MEMBER IN GOOD STANDING IS ONE WHO IS NOT DELINQUENT ON LOAN PAYMENTS, HAS THE MINIMUM $25 MEMBERSHIP AMOUNT ON DEPOSIT, AND HAD NOT CAUSED THE CREDIT UNION A LOSS (CHARGED OFF). FOR BOARD/VOTING PURPOSES THE MEMBER MUST ALSO BE AT LEAST 16 YEARS OLD. EACH MEMBER HAS ONE VOTE FOR EACH OPEN POSITION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE MEMBERSHIP OF THE CREDIT UNION IS REQUIRED TO VOTE ON ANY ACTION THAT WOULD CHANGE THE BYLAWS OF THE CREDIT UNION. THIS INCLUDES BUT IS NOT LIMITED TO, NAME CHANGE, MERGERS, AND CHARTER CONVERSION (CHANGING STRUCTURE AWAY FROM A CREDIT UNION).
IRS990ScheduleO/GeneralExplanation/Explanation4THE CEO AND ACCOUNTANT REVIEW THE FORM AFTER THE CPA FIRM AND COMPLETED IT BASED ON THE INFORMATION PROVIDED TO THEM BY THE CREDIT UNION (NORMALLY GATHERED BY THE CEO AND ACCOUNTANT).
IRS990ScheduleO/GeneralExplanation/Explanation5KOKER GOODWIN & ASSOCIATES IPERFORMEASE AND COMPEASE SOFTWARE IS USED TO ESTABLISH AND MAINTAIN JOB PAY SCALES AND ENSURE EQUITABLE REVIEWS FOR EMPLOYEES IN THE SAME JOB CLASS AND INCLUDES WRITTEN JOB DESCRIPTIONS WITH WRITTEN EXPECTATIONS THAT ARE USED BY THE IMMEDIATE SUPERVISOR TO CREATE THE PERFORMANCE REVIEW THAT IS REVIEWED BY TWO LEVELS OF UPPER MANAGEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation6A COPY OF THE CURRENT 990 IS KEPT AT THE RECEPTIONIST'S DESK OF OUR MAIN OFFICE AND IS AVAILABLE FOR REVIEW DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE MONTHLY FINANCIAL STATEMENT IS POSTED IN THE LOBBY OF EACH THE OF THE BRANCHES.
IRS990ScheduleO/GeneralExplanation/Explanation8THE AUDIT COMMITTEE; WHICH IS COMPOSED OF BOARD MEMBERS; HIRES THE CPA FIRM AND POLICYWORKS TO COME IN AND PERFORM REGULAR OUTSIDE AUDITS AND THE RESULTS ARE REPORTED TO THE FULL BOARD. IF ANY AUDIT WERE TO FIND AN ISSUE OF CONCERN IT WOULD BE REPORTED TO THE COMMITTEE CHAIR AND THE CEO (UNLESS THE CEO WAS PART OF THE PROBLEM). THE CEO AND VICE PRESIDENT OF OPERATIONS BOTH ASSIST IN ENSURING THAT ALL NECESSARY AUDITS OCCUR WHEN NEEDED AS THE AUDIT COMMITTEE MEMBERS ARE ALL VOLUNTEERS AND THE CEO AND VP ARE ON SITE DAILY. ON A DAILY BASIS THE CEO WORKS WITH THE ACCOUNTANT MAINTAIN THE BOOKS AND EITHER THE CEO OR VICE PRESIDENT OF OPERATIONS MUST APPROVE AND INITIAL ALL INVOICES BEFORE THEY ARE PAID.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990 PAGE 12 PART XII LINE 3C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0IA
IRS990/SubjectToProxyTax00
IRS990/TaxableDistributions00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10475 NW HOFFMAN LANE
IRS990/TheBooksAreInCareOf/AddressUS/City0DES MOINES
IRS990/TheBooksAreInCareOf/AddressUS/State0IA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode050313
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10CAROL EIS
IRS990/TheBooksAreInCareOf/TelephoneNumber05152887225
IRS990/TotalAssets/BOY065001730
IRS990/TotalAssetsBOY065001730
IRS990/TotalAssets/EOY068913182
IRS990/TotalAssetsEOY068913182
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear03910321
IRS990/TotalExpensesPriorYear04124525
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices03910321
IRS990/TotalFunctionalExpenses/Total03910321
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY058685248
IRS990/TotalLiabilitiesBOY058685248
IRS990/TotalLiabilities/EOY062540424
IRS990/TotalLiabilitiesEOY062540424
IRS990/TotalLiabNetAssetsFundBalances/BOY065001730
IRS990/TotalLiabNetAssetsFundBalances/EOY068913182
IRS990/TotalNbrEmployees038

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$68,913,182
Liabilities
$62,540,424
Net assets
$6,372,758
Revenue
-
Expenses
$3,910,321
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$149$132$16.3$10.8$9.50$1.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$128$14.6$9.89$8.46$1.42
2022Detailed filing. Detailed filing data is available for this year.$145$131$13.4$8.18$6.87$1.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$125$13.8$8.52$6.85$1.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$131$118$12.4$8.87$8.03$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$111$11.6$9.56$8.40$1.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$104$10.4$8.92$8.51$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$101$10.1$7.33$6.76$0.57
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.9$86.4$9.48$6.23$5.00$1.23
2015Detailed filing. Detailed filing data is available for this year.$92.2$83.9$8.25$5.36$4.45$0.91
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.7$71.3$7.35$4.83$4.15$0.67
2013Detailed filing. Detailed filing data is available for this year.$72.6$66.0$6.66$4.13$3.92$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.9$62.5$6.37$3.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.0$61.7$6.27$4.37