Civic Intelligence

Metco Credit Union

990 • Fiscal year 2016 • EIN 42-0835734

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Organization ProfileWWW.METCOCU.ORG

View Organization Page

115 8th Avenue SWCedar Rapids, IA 52404

(319) 398-5007

Siviq Scores

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

Liabilities / Assets

58th percentile

0.89x

Higher debt load relative to assets than 58% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

18.58x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$132,743

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

74th percentile

5.9%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

2.1%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$31,230,420

Up $1,751,893 (+5.9%) from 2015

Net Assets

Up

$3,551,785

Up $180,389 (+5.4%) from 2015

Liabilities

Up

$27,678,635

Up $1,571,504 (+6.0%) from 2015

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin71st percentile

Revenue

Up

$1,489,402

Up $31,190 (+2.1%) from 2015

Expenses

Up

$1,309,013

Up $38,726 (+3.0%) from 2015

Net Income

Down

$180,389

Down $7,536 (-4.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2016

Assets$31,230,420
Liabilities$27,678,635
Net Assets$3,551,785
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

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

2016

Revenue$1,489,402
Expenses$1,309,013
Net Income$180,389
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$1,534,172
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$18,883,478$20,428,081▲ $1,544,603
Savings and Temporary Cash Investments$8,685,978$7,853,945▼ $832,033
Rtn Earn Endowment Incm Other Fnds$2,212,202$2,392,591▲ $180,389
Pd in Cap Srpls Land Bldg Eqp Fund$1,159,194$1,159,194→ $0
Land, Buildings, and Equipment, Net$594,669$545,616▼ $49,053
Cash and Non-Interest-Bearing Accounts$224,282$379,525▲ $155,243
Prepaid Expenses and Deferred Charges$100,881$73,250▼ $27,631
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$29,478,527$31,230,420▲ $1,751,893
Other Assets Total$989,239$1,950,003▲ $960,764
Liabilities
Other Liabilities$25,922,213$27,149,148▲ $1,226,935
Accounts Payable and Accrued Expenses$184,918$529,487▲ $344,569
Total Liabilities$26,107,131$27,678,635▲ $1,571,504
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,371,396$3,551,785▲ $180,389
Total Liabilities and Net Assets / Fund Balance$29,478,527$31,230,420▲ $1,751,893

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$356,239$678,770$1,035,009
Equipment$56,943$336,197$393,140
Land$132,434-$132,434
Leasehold Improvements$0$11,242$11,242
Other Assets Org$341,279--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad MertensPresident/CEO/CFOFT$106,868$25,875$132,743

Board Members and Trustees

NameTitle
Scott LabusAudit Chair
Chris SwiserChairman
Larry SpinaCredit Chair
Kara KruegerVice-chair
Jason SeibrechtBoard Member
John SchweitzerBoard Member
Robert BurnsBoard Member
Ann OlsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$956,436
Investment Income
$94,188
Other Revenue
$438,778
Change in Net Assets
$180,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,489,402
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,489,402
Total Revenue per Form 990
$1,489,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$812,730
Salaries, Compensation, and Employee Benefits$496,283
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,094--$230,094
Information Technology$132,900--$132,900
Current Officers, Directors, Trustees, and Key Employees$132,743--$132,743
Interest$89,581--$89,581
Other Employee Benefits$79,325--$79,325
Depreciation Depletion$69,377--$69,377
Advertising$61,331--$61,331
Office Expenses$56,465--$56,465
All Other Expenses$48,324--$48,324
Occupancy$42,499--$42,499
Payroll Taxes$27,179--$27,179
Pension Plan Contributions$26,942--$26,942
Fees for Services Accounting$24,476--$24,476
Other Expenses$17,517--$17,517
Insurance$16,626--$16,626
Payments to Affiliates$14,829--$14,829
Travel$11,257--$11,257
Fees for Services Legal$2,713--$2,713
Conferences and Meetings$1,800--$1,800
Total Functional Expenses$1,309,013$0$0$1,309,013

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,309,013
Total Expenses per Audited Statements$1,309,013
Total Expenses per Form 990$1,309,013
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Shares$27,149,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Metco credit union is supported by its members”

Form 990, Part VI, Section A, Line 7A

“Board members are elected by members of the credit union on an annual basis.”

Form 990, Part VI, Section B, Line 11B

“A 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.”

Form 990, Part VI, Section B, Line 15A

“Metco 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.”

Form 990, Part VI, Section C, Line 19

“Organizational documents are available upon request and the financial statements are posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
Metco Credit Union
EIN
42-0835734
Phone
3193985007
Address
115 8TH AVENUE SW, CEDAR RAPIDS, IA 52404

Signing Officer

Name
Brad Mertens
Title
CEO
Phone
3193985007
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Mertens
Formed
1957
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
8
Employees
9
Volunteers
0

Preparer

Firm
Gardiner Thomsen
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
C L Telk Jr CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

Form 990 Page 12 Part XII Line 3C

“The audit committee reviews the audited financials and discusses the audit with management and votes on retention of auditors.”

Financial Statement Notes

PART X, LINE 2:

“In 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.”

Raw XML AppendixShowing 400 of 437 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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IRS990/OtherExpensesGrp/ProgramServicesAmt128486
IRS990/OtherExpensesGrp/ProgramServicesAmt228173
IRS990/OtherExpensesGrp/ProgramServicesAmt317517
IRS990/OtherExpensesGrp/TotalAmt0166376
IRS990/OtherExpensesGrp/TotalAmt128486
IRS990/OtherExpensesGrp/TotalAmt228173
IRS990/OtherExpensesGrp/TotalAmt317517
IRS990/OtherLiabilitiesGrp/BOYAmt025922213
IRS990/OtherLiabilitiesGrp/EOYAmt027149148
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0NSF/OVERDRAFT FEES
IRS990/OtherRevenueMiscGrp/Desc1ATM/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc2MORTGAGE ORIGINATION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0169751
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1142882
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt221813
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0169751
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1142882
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt221813
IRS990/OtherRevenueTotalAmt0438778
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0230094
IRS990/OtherSalariesAndWagesGrp/TotalAmt0230094
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt018883478
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020428081
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt014829
IRS990/PaymentsToAffiliatesGrp/TotalAmt014829
IRS990/PayrollTaxesGrp/ProgramServicesAmt027179
IRS990/PayrollTaxesGrp/TotalAmt027179
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01159194
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01159194
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026942
IRS990/PensionPlanContributionsGrp/TotalAmt026942
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100881
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt073250
IRS990/PrincipalOfficerNm0BRAD MERTENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0956436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0956436
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040350
IRS990/PYOtherExpensesAmt0821703
IRS990/PYOtherRevenueAmt0456574
IRS990/PYProgramServiceRevenueAmt0961288
IRS990/PYRevenuesLessExpensesAmt0187925
IRS990/PYSalariesCompEmpBnftPaidAmt0448584
IRS990/PYTotalExpensesAmt01270287
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01458212
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0180389
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01400153
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02212202
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02392591
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08685978
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07853945
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0356239
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0678770
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01035009
IRS990ScheduleD/EquipmentGrp/BookValueAmt056943
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0336197
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0393140
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01309013
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0132434
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132434
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011242
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0519335
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142064
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2257865
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3161521
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt485554
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5500000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt635400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt76985
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt8341279
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MEMBERS UNITED SHARES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED LOAN INSTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUA SHARE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NCB RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6FEDERAL HOME LOAN BANK MEMBERSHIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7ACCRUED INVESTMENT INTEREST RECEIVA
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8CORPORATE CENTRAL SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027149148
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01489402
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0545616
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01950003
IRS990ScheduleD/TotalExpensesPerForm990Amt01309013
IRS990ScheduleD/TotalLiabilityAmt027149148
IRS990ScheduleD/TotalRevenuePerForm990Amt01489402
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01489402
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01309013
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0METCO CREDIT UNION IS SUPPORTED BY ITS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY MEMBERS OF THE CREDIT UNION ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/SupplementalInformationDetail/ExplanationTxt3METCO 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/SupplementalInformationDetail/ExplanationTxt4ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST AND THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE REVIEWS THE AUDITED FINANCIALS AND DISCUSSES THE AUDIT WITH MANAGEMENT AND VOTES ON RETENTION OF AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PAGE 12 PART XII LINE 3C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt029478527
IRS990/TotalAssetsEOYAmt031230420
IRS990/TotalAssetsGrp/BOYAmt029478527
IRS990/TotalAssetsGrp/EOYAmt031230420
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01309013
IRS990/TotalFunctionalExpensesGrp/TotalAmt01309013
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026107131
IRS990/TotalLiabilitiesEOYAmt027678635
IRS990/TotalLiabilitiesGrp/BOYAmt026107131
IRS990/TotalLiabilitiesGrp/EOYAmt027678635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03371396
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03551785
IRS990/TotalOtherCompensationAmt025875
IRS990/TotalProgramServiceExpensesAmt01309013
IRS990/TotalProgramServiceRevenueAmt0956436
IRS990/TotalReportableCompFromOrgAmt0106868
IRS990/TotalRevenueGrp/ExclusionAmt089249
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01400153
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01489402
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029478527
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031230420
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt011257
IRS990/TravelGrp/TotalAmt011257
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 8TH AVENUE SW
IRS990/USAddress/CityNm0CEDAR RAPIDS
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052404
IRS990/VotingMembersGoverningBodyCnt09

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,230,420
Liabilities
$27,678,635
Net assets
$3,551,785
Revenue
$1,489,402
Expenses
$1,309,013
Net income
$180,389
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