Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Warren Credit Union
EIN 42-0845081 • 501(c)14 • Waterloo, IA
Profile
To create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among our members, and provide the opportunity for our members to use and control their savings for our mutual benefit.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
95th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $4,806,501 (-100%) from 2021
Liabilities
Down$0
Down $3,780,949 (-100%) from 2021
Net Assets
Down$0
Down $1,025,552 (-100%) from 2021
Revenue
Up$222,073
Up $22,640 (+11%) from 2021
Expenses
Up$204,359
Up $7,648 (+3.9%) from 2021
Net Income
Up$17,714
Up $14,992 (+551%) from 2021
Trend Graphs
Filings
Most recent year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $222,073
- Expenses
- $204,359
- Net income
- $17,714
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.00 | $0.00 | $0.00 | $0.22 | $0.20 | $0.02 |
| 2021Detailed filing. Detailed filing data is available for this year. | $4.81 | $3.78 | $1.03 | $0.20 | $0.20 | $0.00 |
| 2020Detailed filing. Detailed filing data is available for this year. | $4.53 | $3.51 | $1.02 | $0.19 | $0.19 | $0.00 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Apr 25, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $222,073
Mission and Program Overview
Mission
To create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among our members, and provide the opportunity for our members to use and control their savings for our mutual benefit.
The credit union provides savings and loan services to qualified members.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,899,234 | $0 | ▼ $2,899,234 |
| Other Notes and Loans Receivable, Net | $1,867,461 | $0 | ▼ $1,867,461 |
| Rtn Earn Endowment Incm Other Fnds | $1,025,552 | $0 | ▼ $1,025,552 |
| Prepaid Expenses and Deferred Charges | $4,806 | $0 | ▼ $4,806 |
| Cash and Non-Interest-Bearing Accounts | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Loans From Officers Directors | - | $0 | - |
| Total Assets | $4,806,501 | $0 | ▼ $4,806,501 |
| Other Assets Total | $35,000 | $0 | ▼ $35,000 |
| Liabilities | |||
| Other Liabilities | $3,776,493 | - | - |
| Accounts Payable and Accrued Expenses | $4,456 | $0 | ▼ $4,456 |
| Grants Payable | - | $0 | - |
| Mortgage Notes Payable Secured by Investment Property | - | $0 | - |
| Unsecured Notes Loans Payable | - | $0 | - |
| Deferred Revenue | - | $0 | - |
| Escrow Account Liability | - | $0 | - |
| Tax Exempt Bond Liabilities | - | $0 | - |
| Total Liabilities | $3,780,949 | $0 | ▼ $3,780,949 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,025,552 | $0 | ▼ $1,025,552 |
| Total Liabilities and Net Assets / Fund Balance | $4,806,501 | $0 | ▼ $4,806,501 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Holly Glasener | Manager | FT | $69,754 | $69,754 |
Board Members and Trustees
| Name | Title |
|---|---|
| Michelle Turner | Audit Committee Chair |
| Ben Caughron | Chairman |
| Shad Lonergan | Vice Chairman |
| Alex Gielau | director |
| Brad Conn | director |
| Jodi Adams | director |
| Steve Recker | director |
| John Shaw | CFO Treasurer |
| Susan Heikens-Beck | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $160,443
- Investment Income
- $44,607
- Other Revenue
- $17,023
- Change in Net Assets
- $17,714
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $98,282 |
| Other Expenses | $65,732 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $69,754 |
| Benefits to Members | - | - | - | $40,345 |
| Office Expenses | - | - | - | $28,151 |
| Other Salaries and Wages | - | - | - | $14,779 |
| Information Technology | - | - | - | $9,214 |
| Insurance | - | - | - | $8,151 |
| Occupancy | - | - | - | $7,531 |
| Pension Plan Contributions | - | - | - | $7,198 |
| Payroll Taxes | - | - | - | $6,551 |
| Other Expenses | - | - | - | $2,919 |
| Advertising | - | - | - | $2,598 |
| All Other Expenses | - | - | - | $2,183 |
| Conferences and Meetings | - | - | - | $1,825 |
| Total Functional Expenses | $0 | $0 | $0 | $204,359 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- 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
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The credit union is comprised of a single class of approximately 780 member-owners, each of which has equal rights in ownership, governance, and voting rights at the annual meetings, with the exception of the member-owners who are elected to the Board of Directors.”
Form 990, Part VI, Section A, Line 7A
“The member-owners of the credit union have the authority to elect the members of the board of directors for the three-year terms on a rotating basis. Candidates are elected by a simple plurality vote.”
Form 990, Part VI, Section A, Line 7B
“Changes to the governing documents (bylaws) must be approved by the Board of Directors and the regulatory agency. Approval occurs by a favorable vote of a majority of the members present at a meeting, if that number constitutes a quorum and if the proposed amendment was contained in the notice of the meeting.”
Form 990, Part VI, Section B, Line 11B
“Prior to being filed with the IRS, a copy of form 990 and related schedules are reviewed by the President/CFO and Manager, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of this review, the forms are provided to the governing body before filing.”
Form 990, Part VI, Section C, Line 19
“The credit union's bylaws and financial statements are available for review by appointment at the credit union's office, Veridian Credit Union 1827 Ansborough Ave, Waterloo, IA 50701.”
Filing and Contact Details
Filer
- Filer Name
- Warren Credit Union
- EIN
- 42-0845081
- Phone
- 3192339240
- Address
- 2022 Falls Ave, Waterloo, IA 50701
Signing Officer
- Name
- Holly Glasener
- Title
- Manager
- Phone
- 3192339240
- Signed
- 2023-04-25
Organization Details
- Principal Officer
- Holly Glasener
- Formed
- 1959
- Legal Domicile
- Ia
- Voting Board Members
- 9
- Independent Board Members
- 0
- Employees
- 2
- Volunteers
- 9
Supplemental Narrative
Additional Explanations
Form 990, Part V, Line 3B
“The unrelated business gross income for 2022 is comprised of royalties received from CMFG Life Ins Cotrus. This payment falls under the Exclusions on page 10 in Publication 598.”
Form 990, Part XI, Line 9
“Other changes in net assets or fund balances occurred as a result of a merger with Veridian Credit Union. Excess capital was paid out to members in good standing based on the dividends earned in 2021 and all loan interest paid in 2021 was refunded to members in good standing with an open account.”
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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/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | To create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among our members, and provide the opportunity for our members to use and control their savings for our mutual benefit. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1025552 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 7531 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 28151 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 35000 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -1043266 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Examination Fee Expense |
| IRS990/OtherExpensesGrp/Desc | 1 | Loan Servicing |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 3160 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2919 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 3776493 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Miscellaneous Income |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 17023 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 17023 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 17023 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 14779 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 1867461 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 6551 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7198 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 4806 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Holly Glasener |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 524298 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Loan Interest |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Income |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 156342 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 2997 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 156342 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 4101 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 1104 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 98197 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Data processing costs incurred recording member account activity and providing access to members to their accounts via telephone and in person at the credit union office. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 14618 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 55702 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 48540 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 50692 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 150893 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2722 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 90317 |
| IRS990/PYTotalExpensesAmt | 0 | 196711 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 199433 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 17714 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 1025552 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2899234 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | 1 |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | 1 |
| IRS990ScheduleN/BondsOutstandingInd | 0 | 0 |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | 1 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Loans |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 1 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 2 | Certificates of Deposit |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 3 | NCUA/ICCCU Capital Claim Receivable |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 4 | NCUSIF Share Insurance |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 0 | Veridian Credit Union |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 1 | Veridian Credit Union |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 2 | Veridian Credit Union |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 3 | Veridian Credit Union |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 4 | Veridian Credit Union |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2022-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 1 | 2022-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 2 | 2022-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 3 | 2022-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 4 | 2022-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 0 | 421132695 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 1 | 421132695 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 2 | 421132695 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 3 | 421132695 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN | 4 | 421132695 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 0 | 1768171 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 1 | 184383 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 2 | 2238000 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 3 | 17023 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 4 | 37548 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 0 | 501(C)14 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 1 | 501(C)14 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 2 | 501(C)14 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 3 | 501(C)14 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 4 | 501(C)14 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | Book Value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 1 | Book Value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 2 | Book Value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 3 | Book Value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 4 | Book Value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 1827 Ansborough Ave |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 1 | 1827 Ansborough Ave |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 2 | 1827 Ansborough Ave |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 3 | 1827 Ansborough Ave |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 4 | 1827 Ansborough Ave |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 0 | Waterloo |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 1 | Waterloo |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 2 | Waterloo |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 3 | Waterloo |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 4 | Waterloo |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | IA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 1 | IA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 2 | IA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 3 | IA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 4 | IA |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 0 | 50701 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 1 | 50701 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 2 | 50701 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 3 | 50701 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 4 | 50701 |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | 0 |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | 0 |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | 1 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The unrelated business gross income for 2022 is comprised of royalties received from CMFG Life Ins Cotrus. This payment falls under the Exclusions on page 10 in Publication 598. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The credit union is comprised of a single class of approximately 780 member-owners, each of which has equal rights in ownership, governance, and voting rights at the annual meetings, with the exception of the member-owners who are elected to the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The member-owners of the credit union have the authority to elect the members of the board of directors for the three-year terms on a rotating basis. Candidates are elected by a simple plurality vote. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Changes to the governing documents (bylaws) must be approved by the Board of Directors and the regulatory agency. Approval occurs by a favorable vote of a majority of the members present at a meeting, if that number constitutes a quorum and if the proposed amendment was contained in the notice of the meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Prior to being filed with the IRS, a copy of form 990 and related schedules are reviewed by the President/CFO and Manager, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of this review, the forms are provided to the governing body before filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The credit union's bylaws and financial statements are available for review by appointment at the credit union's office, Veridian Credit Union 1827 Ansborough Ave, Waterloo, IA 50701. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Other changes in net assets or fund balances occurred as a result of a merger with Veridian Credit Union. Excess capital was paid out to members in good standing based on the dividends earned in 2021 and all loan interest paid in 2021 was refunded to members in good standing with an open account. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part V, Line 3b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section A, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XI, Line 9 |
| IRS990/SchoolOperatingInd | 0 | 0 |
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