Civic Intelligence

Nishna Valley Credit Union

EIN 42-0844194 • 501(c)14 • Ottumwa, IA

View Organization Page

Profile

State chartered credit union

PO Box 737Ottumwa, IA 52501

www.nishnavalley.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

44th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2021

Net Margin

7th percentile

-77%

Higher net margin than 7% of similar nonprofits.

$500k-$1M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

$500k-$1M nonprofits • Source year 2021

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-37%

Faster revenue growth than 10% of similar nonprofits.

$500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $40,788,131 (-100%) from 2020

Liabilities

Down

$0

Down $37,855,638 (-100%) from 2020

Net Assets

Down

$0

Down $2,932,493 (-100%) from 2020

Operations
Liabilities / Revenue44th percentileNet Margin7th percentile

Revenue

Down

$773,780

Down $463,677 (-37%) from 2020

Expenses

Up

$1,369,249

Up $184,280 (+16%) from 2020

Net Income

Down

-$595,469

Down $647,957 (-1234%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$60M$40M$20M$0Assets 2010: $21,845,774Liabilities 2010: $19,974,482Net Assets 2010: $1,871,2922010Assets 2011: $23,951,442Liabilities 2011: $21,906,849Net Assets 2011: $2,044,5932011Assets 2012: $25,801,193Liabilities 2012: $23,628,788Net Assets 2012: $2,172,4052012Assets 2013: $27,954,560Liabilities 2013: $25,693,361Net Assets 2013: $2,261,1992013Assets 2014: $28,787,736Liabilities 2014: $26,434,583Net Assets 2014: $2,353,1532014Assets 2015: $30,923,125Liabilities 2015: $28,454,872Net Assets 2015: $2,468,2532015Assets 2016: $32,932,794Liabilities 2016: $30,376,572Net Assets 2016: $2,556,2222016Assets 2017: $32,880,942Liabilities 2017: $30,186,971Net Assets 2017: $2,693,9712017Assets 2018: $33,826,615Liabilities 2018: $31,038,955Net Assets 2018: $2,787,6602018Assets 2019: $33,758,410Liabilities 2019: $30,878,405Net Assets 2019: $2,880,0052019Assets 2020: $40,788,131Liabilities 2020: $37,855,638Net Assets 2020: $2,932,4932020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth10th percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,271,0412010Expenses 2011: $1,295,8872011Expenses 2012: $1,248,6422012Revenue 2013: $1,328,564Expenses 2013: $1,239,770Net Income 2013: $88,7942013Revenue 2014: $1,416,099Expenses 2014: $1,324,145Net Income 2014: $91,9542014Revenue 2015: $1,517,129Expenses 2015: $1,402,029Net Income 2015: $115,1002015Revenue 2016: $1,504,917Expenses 2016: $1,416,948Net Income 2016: $87,9692016Revenue 2017: $1,611,341Expenses 2017: $1,473,592Net Income 2017: $137,7492017Revenue 2018: $1,502,218Expenses 2018: $1,408,529Net Income 2018: $93,6892018Revenue 2019: $1,488,298Expenses 2019: $1,395,953Net Income 2019: $92,3452019Revenue 2020: $1,237,457Expenses 2020: $1,184,969Net Income 2020: $52,4882020Revenue 2021: $773,780Expenses 2021: $1,369,249Net Income 2021: -$595,4692021

Highlighted filing

2021

Revenue$773,780
Expenses$1,369,249
Net Income-$595,469
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$773,780
Expenses
$1,369,249
Net income
-$595,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.77$1.37$0.60
2020Detailed filing. Detailed filing data is available for this year.$40.8$37.9$2.93$1.24$1.18$0.05
2019Detailed filing. Detailed filing data is available for this year.$33.8$30.9$2.88$1.49$1.40$0.09
2018Detailed filing. Detailed filing data is available for this year.$33.8$31.0$2.79$1.50$1.41$0.09
2017Detailed filing. Detailed filing data is available for this year.$32.9$30.2$2.69$1.61$1.47$0.14
2016Detailed filing. Detailed filing data is available for this year.$32.9$30.4$2.56$1.50$1.42$0.09
2015Detailed filing. Detailed filing data is available for this year.$30.9$28.5$2.47$1.52$1.40$0.12
2014Detailed filing. Detailed filing data is available for this year.$28.8$26.4$2.35$1.42$1.32$0.09
2013Detailed filing. Detailed filing data is available for this year.$28.0$25.7$2.26$1.33$1.24$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$23.6$2.17$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$21.9$2.04$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$20.0$1.87$1.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 25, 2022
Return Version
2021v4.0
Gross Receipts
$773,780
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$28,972,424--
Other Notes and Loans Receivable, Net$9,260,279--
Rtn Earn Endowment Incm Other Fnds$1,918,548--
Land, Buildings, and Equipment, Net$1,056,070--
Pd in Cap Srpls Land Bldg Eqp Fund$1,013,945--
Cash and Non-Interest-Bearing Accounts$431,969--
Prepaid Expenses and Deferred Charges$25,736--
Total Assets$40,788,131$0▼ $40,788,131
Other Assets Total$1,041,653--
Liabilities
Other Liabilities$37,778,010--
Accounts Payable and Accrued Expenses$77,628--
Total Liabilities$37,855,638$0▼ $37,855,638
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,932,493$0▼ $2,932,493
Total Liabilities and Net Assets / Fund Balance$40,788,131$0▼ $40,788,131
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Cheryl KamiesBoard Member
Jean GregersenBoard Member
Jeff LowaryBoard Member
Jeff NelsonBoard Member
Joyce AndersonBoard Member
Julie GadeBoard Member
Linda MarekBoard Member
Shirley JensenBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$634,287
Investment Income
$139,493
Other Revenue
$0
Change in Net Assets
$-595,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$773,780
Total Revenue per Audited Statements
$773,780
Total Revenue per Form 990
$773,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$925,800
Salaries, Compensation, and Employee Benefits$443,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$360,354
Occupancy---$50,066
Depreciation Depletion---$42,525
Other Employee Benefits---$42,510
All Other Expenses---$29,290
Payroll Taxes---$26,319
Office Expenses---$21,660
Insurance---$20,847
Pension Plan Contributions---$14,266
Other Expenses---$13,786
Conferences and Meetings---$5,776
Advertising---$3,143
Fees for Services Legal---$150
Total Functional Expenses$0$0$0$1,369,249

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,369,249
Total Expenses per Audited Statements$1,369,249
Total Expenses per Form 990$1,369,249
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
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 of interest disclosure statement, which is updated annually.”

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

“The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes.”

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

Filer Name
Nishna Valley Credit Union
EIN
42-0844194
Phone
6416845448
Address
PO BOX 737, OTTUMWA, IA 52501

Signing Officer

Name
James M Holle
Title
CFO
Phone
6416845448
Signed
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Marcsisak
Formed
1957
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
9

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 XI, Line 9

“Equity merged into community 1st -2,337,024”

Raw XML Appendix338 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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IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0TIM MARCSISAK WHO WAS THE CEO OF NISHNA VALLEY CREDIT UNION HAS BEEN RETAINED AS A BRANCH MANAGER WITHIN THE COMMUNITY 1ST ORGANIZATION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
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 OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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/ExplanationTxt8EQUITY MERGED INTO COMMUNITY 1ST -2,337,024
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 XI, LINE 9
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt040788131
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt040788131
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01369249
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037855638
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt037855638
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02932493
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt0634287
IRS990/TotalRevenueGrp/ExclusionAmt0773780
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0773780
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt040788131
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 MAPLE ST
IRS990/USAddress/CityNm0ATLANTIC
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050022
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NISHNAVALLEY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M HOLLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06416845448
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NISHNA VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0NISH
ReturnHeader/Filer/EIN0420844194
ReturnHeader/Filer/PhoneNum06416845448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 737
ReturnHeader/Filer/USAddress/CityNm0OTTUMWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052501
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/PreparationDt02022-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02022-04-29T15:19:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES M
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOLLE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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