Civic Intelligence

Metco Credit Union

990 • Fiscal year 2012 • EIN 42-0835734

Jan 01, 2012 to Dec 31, 2012 • Filed on May 07, 2013

Organization ProfileWWW.METCOCU.ORG

View Organization Page

115 8th Avenue SW52404
Siviq Scores

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

Liabilities / Assets

55th percentile

0.88x

Higher debt load relative to assets than 55% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M 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

73rd percentile

7.1%

Faster asset growth than 73% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M 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 / Assets55th percentile

Assets

Up

$24,110,034

Up $3,074,180 (+15%) from 2010

Net Assets

Up

$2,980,341

Up $209,660 (+7.6%) from 2010

Liabilities

Up

$21,129,693

Up $2,864,520 (+16%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,215,275

Down $84,925 (-6.5%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$60M$40M$20M$0Assets 2010: $21,035,854Liabilities 2010: $18,265,173Net Assets 2010: $2,770,6812010Assets 2012: $24,110,034Liabilities 2012: $21,129,693Net Assets 2012: $2,980,3412012Assets 2013: $27,542,464Liabilities 2013: $24,471,536Net Assets 2013: $3,070,9282013Assets 2014: $26,960,866Liabilities 2014: $23,777,395Net Assets 2014: $3,183,4712014Assets 2015: $29,478,527Liabilities 2015: $26,107,131Net Assets 2015: $3,371,3962015Assets 2016: $31,230,420Liabilities 2016: $27,678,635Net Assets 2016: $3,551,7852016Assets 2017: $32,316,283Liabilities 2017: $28,485,937Net Assets 2017: $3,830,3462017Assets 2018: $33,221,990Liabilities 2018: $29,161,094Net Assets 2018: $4,060,8962018Assets 2019: $36,772,129Liabilities 2019: $32,206,744Net Assets 2019: $4,565,3852019Assets 2020: $44,375,606Liabilities 2020: $39,182,061Net Assets 2020: $5,193,5452020Assets 2021: $49,036,368Liabilities 2021: $43,218,768Net Assets 2021: $5,817,6002021Assets 2022: $48,586,801Liabilities 2022: $42,237,790Net Assets 2022: $6,349,0112022Assets 2023: $51,114,083Liabilities 2023: $43,699,966Net Assets 2023: $7,414,1172023Assets 2024: $53,309,346Liabilities 2024: $44,540,750Net Assets 2024: $8,768,5962024

Highlighted filing

2012

Assets$24,110,034
Liabilities$21,129,693
Net Assets$2,980,341
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,300,2002010Expenses 2012: $1,215,2752012Revenue 2013: $1,366,359Expenses 2013: $1,275,769Net Income 2013: $90,5902013Revenue 2014: $1,355,337Expenses 2014: $1,242,794Net Income 2014: $112,5432014Revenue 2015: $1,458,212Expenses 2015: $1,270,287Net Income 2015: $187,9252015Revenue 2016: $1,489,402Expenses 2016: $1,309,013Net Income 2016: $180,3892016Revenue 2017: $1,758,456Expenses 2017: $1,479,895Net Income 2017: $278,5612017Revenue 2018: $1,786,576Expenses 2018: $1,556,026Net Income 2018: $230,5502018Revenue 2019: $2,206,928Expenses 2019: $1,673,506Net Income 2019: $533,4222019Revenue 2020: $2,105,477Expenses 2020: $1,477,317Net Income 2020: $628,1602020Revenue 2021: $2,079,830Expenses 2021: $1,455,775Net Income 2021: $624,0552021Revenue 2022: $2,042,977Expenses 2022: $1,511,566Net Income 2022: $531,4112022Revenue 2023: $2,933,328Expenses 2023: $1,868,222Net Income 2023: $1,065,1062023Revenue 2024: $3,504,632Expenses 2024: $2,150,153Net Income 2024: $1,354,4792024

Highlighted filing

2012

Revenue-
Expenses$1,215,275
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 7, 2013
Return Version
2012v2.1
Gross Receipts
$1,338,814
Mission and Program Overview

Mission

To help members with their finances, accept deposits and make loans.

Filing and Contact Details

Filer

EIN
42-0835734
Raw XML AppendixShowing 400 of 402 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.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0IN ACCORDANCE WITH THE INCOME TAXES TOPIC OF THE FASB ASC, THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE CREDIT UNION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE THAN LIKELY THAN NOT TEST, THE CREDIT UNION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PROVISION FOR INCOME TAXES IN THE CREDIT UNION'S STATEMENT OF INCOME AND ARE INCLUDED AS CURRENT LIABILITY IN THE BALANCE SHEET.
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IRS990ScheduleO/GeneralExplanation/Explanation1BOARD MEMBERS ARE ELECTED BY MEMBERS OF THE CREDIT UNION ON AN ANNUAL BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2A COPY OF THE FROM 990 WAS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. THE RETURN IS REVIEWED BY THE CEO.
IRS990ScheduleO/GeneralExplanation/Explanation3METCO CREDIT UNION UTILIZES A COMPENSATION COMMITTEE, COMPENSATION SURVEYS AND THE APPROVAL OF THE BOARD WHEN ESTABILSHING THE COMPENSATION OF THE ORGANIZATION'S CEO. SALARY SURVEYS ARE REVIEWED FOR POSITION AND SIZE OF THE CREDIT UNION. ALSO, KEY PERFORMANCE AREAS ARE REVIEWED AND COMPARED WITH PEERS.
IRS990ScheduleO/GeneralExplanation/Explanation4ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST AND THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/GeneralExplanation/Explanation5THE AUDIT COMMITTEE REVIEWS THE AUDITED FINANCIALS AND DISCUSSES THE AUDIT WITH MANAGEMENT AND VOTES ON RETENTION OF AUDITORS.
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IRS990/YearFormation01957
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0420835734
ReturnHeader/Filer/Name/BusinessNameLine10METCO CREDIT UNION
ReturnHeader/Filer/NameControl0METC
ReturnHeader/Filer/Phone03193985007
ReturnHeader/Filer/USAddress/AddressLine10115 8TH AVENUE SW
ReturnHeader/Filer/USAddress/City0CEDAR RAPIDS
ReturnHeader/Filer/USAddress/State0IA
ReturnHeader/Filer/USAddress/ZIPCode052404
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-07
ReturnHeader/Officer/Name0BRAD MARTENS
ReturnHeader/Officer/Phone03193985007
ReturnHeader/Officer/Title0CEO
ReturnHeader/PreparerFirm/EIN0421186197
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10GARDINER THOMSEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1010555 NEW YORK AVENUE SUITE 200
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0DES MOINES
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0IA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode050322
ReturnHeader/Preparer/Name0C L TELK JR CPA
ReturnHeader/Preparer/Phone05152701446
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31

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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
$24,110,034
Liabilities
$21,129,693
Net assets
$2,980,341
Revenue
-
Expenses
$1,215,275
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.3$44.5$8.77$3.50$2.15$1.35
2023Detailed filing. Detailed filing data is available for this year.$51.1$43.7$7.41$2.93$1.87$1.07
2022Detailed filing. Detailed filing data is available for this year.$48.6$42.2$6.35$2.04$1.51$0.53
2021Detailed filing. Detailed filing data is available for this year.$49.0$43.2$5.82$2.08$1.46$0.62
2020Detailed filing. Detailed filing data is available for this year.$44.4$39.2$5.19$2.11$1.48$0.63
2019Detailed filing. Detailed filing data is available for this year.$36.8$32.2$4.57$2.21$1.67$0.53
2018Detailed filing. Detailed filing data is available for this year.$33.2$29.2$4.06$1.79$1.56$0.23
2017Detailed filing. Detailed filing data is available for this year.$32.3$28.5$3.83$1.76$1.48$0.28
2016Detailed filing. Detailed filing data is available for this year.$31.2$27.7$3.55$1.49$1.31$0.18
2015Detailed filing. Detailed filing data is available for this year.$29.5$26.1$3.37$1.46$1.27$0.19
2014Detailed filing. Detailed filing data is available for this year.$27.0$23.8$3.18$1.36$1.24$0.11
2013Detailed filing. Detailed filing data is available for this year.$27.5$24.5$3.07$1.37$1.28$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$21.1$2.98$1.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$18.3$2.77$1.30