Civic Intelligence

Aegis Credit Union

EIN 42-1139901 • 501(c)14 • Clinton, IA

Profile

Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.

1200 N 2nd StClinton, IA 52732

www.aegiscu.com

Siviq Scores

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

Liabilities / Assets

24th percentile

0.83x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

17th percentile

10.92x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Net Margin

89th percentile

27%

Higher net margin than 89% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

501(c)14 • $25M-$50M nonprofits • Source year 2025

Asset Growth

45th percentile

0.5%

Faster asset growth than 45% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

42nd percentile

6.6%

Faster revenue growth than 42% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$26,211,251

Up $2,418,531 (+10%) from 2023

Liabilities

Up

$21,740,018

Up $1,329,247 (+6.5%) from 2023

Net Assets

Up

$4,471,233

Up $1,089,284 (+32%) from 2023

Revenue

Up

$1,990,579

Up $500,481 (+34%) from 2023

Expenses

Up

$1,461,827

Up $276,145 (+23%) from 2023

Net Income

Up

$528,752

Up $224,336 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2020: $23,428,734Liabilities 2020: $20,967,974Net Assets 2020: $2,460,7602020Assets 2021: $24,200,948Liabilities 2021: $21,502,021Net Assets 2021: $2,698,9272021Assets 2022: $22,612,302Liabilities 2022: $19,616,580Net Assets 2022: $2,995,7222022Assets 2023: $23,792,720Liabilities 2023: $20,410,771Net Assets 2023: $3,381,9492023Assets 2025: $26,211,251Liabilities 2025: $21,740,018Net Assets 2025: $4,471,2332025

Highlighted filing

2025

Assets$26,211,251
Liabilities$21,740,018
Net Assets$4,471,233

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2020: $1,052,911Expenses 2020: $902,112Net Income 2020: $150,7992020Revenue 2021: $1,113,135Expenses 2021: $937,028Net Income 2021: $176,1072021Revenue 2022: $1,257,413Expenses 2022: $1,028,903Net Income 2022: $228,5102022Revenue 2023: $1,490,098Expenses 2023: $1,185,682Net Income 2023: $304,4162023Revenue 2025: $1,990,579Expenses 2025: $1,461,827Net Income 2025: $528,7522025

Highlighted filing

2025

Revenue$1,990,579
Expenses$1,461,827
Net Income$528,752

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Jan 27, 2026
Return Version
2025v4.0
Gross Receipts
$1,990,579
Mission and Program Overview

Mission

Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.

Credit unions create a source of credit af a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis is order to improve their economic and social condition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,178,296$16,921,002▲ $742,706
Rtn Earn Endowment Incm Other Fnds$3,887,755$4,471,233▲ $583,478
Land, Buildings, and Equipment, Net$429,702$391,510▼ $38,192
Accounts Receivable$317,883$308,628▼ $9,255
Cash and Non-Interest-Bearing Accounts$225,519$301,767▲ $76,248
Receivables From Officers Etc$82,229$94,737▲ $12,508
Prepaid Expenses and Deferred Charges$20,472$6,116▼ $14,356
Total Assets$26,081,815$26,211,251▲ $129,436
Other Assets Total$8,827,714$8,187,491▼ $640,223
Liabilities
Other Liabilities$21,544,023$21,610,698▲ $66,675
Unsecured Notes Loans Payable$500,000--
Accounts Payable and Accrued Expenses$150,037$129,320▼ $20,717
Total Liabilities$22,194,060$21,740,018▼ $454,042
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,887,755$4,471,233▲ $583,478
Total Liabilities and Net Assets / Fund Balance$26,081,815$26,211,251▲ $129,436

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$233,510$605,853$839,363
Land$158,000-$158,000
Other Assets Org$33,640--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Josh JacobsenChair
Casey NewmarchPresident
Ryan KnightVice Chair
Jeremy PetersDirector
Joy DruryDirector
Katie FloodDirector
Kim MatjeDirector
Michelle PeskaDirector
Twyla VegterDirector
Nicollette HollowaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,213,388
Investment Income
$364,736
Other Revenue
$412,455
Change in Net Assets
$528,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$860,236
Salaries, Compensation, and Employee Benefits$601,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$526,441--$526,441
Office Expenses$361,704--$361,704
Interest$253,338--$253,338
Fees for Services Accounting$67,303--$67,303
Advertising$66,069--$66,069
Depreciation Depletion$57,898--$57,898
Payroll Taxes$42,604--$42,604
Pension Plan Contributions$31,506--$31,506
Occupancy$15,563--$15,563
Fees for Services Other$9,534--$9,534
Other Employee Benefits$1,040--$1,040
Other Expenses$571--$571
All Other Expenses$409--$409
Fees for Services Legal$276--$276
Total Functional Expenses$1,461,827$0$0$1,461,827
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$82,229$94,737▲ $12,508
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares and Deposits$21,610,698
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 7A

The members elect the board of directors by vote

Form 990, Page 6, Part VI, Line 7B

Some decisions are subject to approval of members

Form 990, Page 6, Part VI, Line 11B

An email is sent out to the members of the board of directors that the 990 return is ready for their review. A copy of the 990 return is available in the office for each member of the board of directors to review

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

The salary of the branch manager is voted on by the board of directors

Form 990, Page 6, Part VI, Line 19

Iowa corporate central credit union makes their governing documents, conflict of interest policy, financial statements, and form 990 available to the public through requests during normal operating hours.

Filing and Contact Details

Filer

Filer Name
Aegis Credit Union
EIN
42-1139901
Phone
5632420531
Address
1200 N 2ND ST, CLINTON, IA 52732

Signing Officer

Name
Casey Newmarch
Title
President
Phone
5632420531
Signed
2026-01-27

Organization Details

Principal Officer
Casey Newmarch
Formed
1979
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
7

Preparer

Firm
Winkel Parker & Foster CPA Pc
Address
1301 19TH AVE NW, CLINTON, IA 52732-2434
Preparer
Jamie a Burkhart CPA
Phone
5632423440
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.

Form 990, Part XI, Line 9

Change in reserves 54,726

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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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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1209309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233640
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NATIONAL CREDIT UNION INS FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MEMBERSHIP CAPITAL SHARE ACCOUNT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES AND DEPOSITS
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt312381
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt45456
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt120000
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1KATIE FLOOD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2TWYLA VEGTER
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4GAYLON TRUELSEN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5NICOLLETTE HOLLOWAY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS BY VOTE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME DECISIONS ARE SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN EMAIL IS SENT OUT TO THE MEMBERS OF THE BOARD OF DIRECTORS THAT THE 990 RETURN IS READY FOR THEIR REVIEW. A COPY OF THE 990 RETURN IS AVAILABLE IN THE OFFICE FOR EACH MEMBER OF THE BOARD OF DIRECTORS TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SALARY OF THE BRANCH MANAGER IS VOTED ON BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IOWA CORPORATE CENTRAL CREDIT UNION MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC THROUGH REQUESTS DURING NORMAL OPERATING HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN RESERVES 54,726
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceExpensesAmt01461827
IRS990/TotalProgramServiceRevenueAmt01213388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01990579
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01990579
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026211251
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0500000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01200 N 2ND ST
IRS990/USAddress/CityNm0CLINTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052732
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IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.AEGISCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CASEY NEWMARCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05632420531
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AEGIS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0AEGI
ReturnHeader/Filer/EIN0421139901
ReturnHeader/Filer/PhoneNum05632420531
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 N 2ND ST
ReturnHeader/Filer/USAddress/CityNm0CLINTON

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