Civic Intelligence

Iowa Heartland Credit Union

EIN 42-6056983 • 501(c)14 • Mason City, IA

View Organization Page

Profile

The organization operates for the primary purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.

PO Box 896Mason City, IA 50401

www.iowaheartland.org

Siviq Scores

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

Liabilities / Assets

27th percentile

0.83x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

17.88x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

13th percentile

-7.5%

Higher net margin than 13% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

56th percentile

$122,515

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

63rd percentile

2.5%

Faster asset growth than 63% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

20%

Faster revenue growth than 82% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$28,797,070

Down $561,744 (-1.9%) from 2022

Liabilities

Down

$23,965,043

Down $675,645 (-2.7%) from 2022

Net Assets

Up

$4,832,027

Up $113,901 (+2.4%) from 2022

Operations
Liabilities / Revenue66th percentileNet Margin13th percentile

Revenue

Up

$1,340,592

Up $460,254 (+52%) from 2022

Expenses

Up

$1,440,743

Up $660,065 (+85%) from 2022

Net Income

Down

-$100,151

Down $199,811 (-200%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

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

$30M$20M$10M$0Assets 2010: $18,298,533Liabilities 2010: $14,392,015Net Assets 2010: $3,906,5182010Assets 2015: $22,205,348Liabilities 2015: $17,976,768Net Assets 2015: $4,228,5802015Assets 2016: $23,580,995Liabilities 2016: $19,298,184Net Assets 2016: $4,282,8112016Assets 2017: $23,025,840Liabilities 2017: $18,678,990Net Assets 2017: $4,346,8502017Assets 2020: $25,175,622Liabilities 2020: $20,568,799Net Assets 2020: $4,606,8232020Assets 2021: $27,885,437Liabilities 2021: $23,254,590Net Assets 2021: $4,630,8472021Assets 2022: $29,358,814Liabilities 2022: $24,640,688Net Assets 2022: $4,718,1262022Assets 2024: $28,797,070Liabilities 2024: $23,965,043Net Assets 2024: $4,832,0272024

Highlighted filing

2024

Assets$28,797,070
Liabilities$23,965,043
Net Assets$4,832,027
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $898,8152010Revenue 2015: $859,584Expenses 2015: $815,684Net Income 2015: $43,9002015Revenue 2016: $831,865Expenses 2016: $777,633Net Income 2016: $54,2322016Revenue 2017: $866,972Expenses 2017: $802,931Net Income 2017: $64,0412017Revenue 2020: $894,363Expenses 2020: $839,056Net Income 2020: $55,3072020Revenue 2021: $811,907Expenses 2021: $787,883Net Income 2021: $24,0242021Revenue 2022: $880,338Expenses 2022: $780,678Net Income 2022: $99,6602022Revenue 2024: $1,340,592Expenses 2024: $1,440,743Net Income 2024: -$100,1512024

Highlighted filing

2024

Revenue$1,340,592
Expenses$1,440,743
Net Income-$100,151
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$28,797,070
Liabilities
$23,965,043
Net assets
$4,832,027
Revenue
$1,340,592
Expenses
$1,440,743
Net income
-$100,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.8$24.0$4.83$1.34$1.44$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$24.6$4.72$0.88$0.78$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$23.3$4.63$0.81$0.79$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$20.6$4.61$0.89$0.84$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$18.7$4.35$0.87$0.80$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.6$19.3$4.28$0.83$0.78$0.05
2015Detailed filing. Detailed filing data is available for this year.$22.2$18.0$4.23$0.86$0.82$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$14.4$3.91$0.90
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 11, 2023
Return Version
2022v5.0
Gross Receipts
$880,338
Mission and Program Overview

Mission

The organization operates for the primary purpose of promoting thrift, providing credit at reasonable rates, and providing other financial services to its members.

The organization provides loans and savings and checking accounts for their members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$13,813,114$13,416,876▼ $396,238
Investments Program Related$9,302,000$12,042,920▲ $2,740,920
Rtn Earn Endowment Incm Other Fnds$3,840,122$3,927,401▲ $87,279
Savings and Temporary Cash Investments$3,767,917$2,813,784▼ $954,133
Pd in Cap Srpls Land Bldg Eqp Fund$790,725$790,725→ $0
Land, Buildings, and Equipment, Net$463,788$442,347▼ $21,441
Cash and Non-Interest-Bearing Accounts$206,327$221,059▲ $14,732
Prepaid Expenses and Deferred Charges$30,043$15,610▼ $14,433
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$27,885,437$29,358,814▲ $1,473,377
Other Assets Total$302,248$406,218▲ $103,970
Liabilities
Other Liabilities$23,158,434$24,506,885▲ $1,348,451
Accounts Payable and Accrued Expenses$96,156$133,803▲ $37,647
Total Liabilities$23,254,590$24,640,688▲ $1,386,098
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,630,847$4,718,126▲ $87,279
Total Liabilities and Net Assets / Fund Balance$27,885,437$29,358,814▲ $1,473,377

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$288,610$404,294$692,904
Equipment$48,152$583,113$631,265
Leasehold Improvements$39,589$82,687$122,276
Land$65,996-$65,996
Investment Program Related Org$89,920--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia StephensonCEOFT$71,691$19,585$91,276

Board Members and Trustees

NameTitle
Samara TrenaryAudit Chairperson
Alex CrippinChairperson
Jennifer MobleyVice Chairperson
Aaron BeaverDirector
Bob AustinDirector
Daryl JohnsonDirector
Jennifer MericleDirector
Larry BehrendsDirector
Scott HandDirector
Brian JanssenSecretary
Justin HoeftTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$554,446
Investment Income
$222,050
Other Revenue
$103,842
Change in Net Assets
$99,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$880,338
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$880,338
Total Revenue per Form 990
$880,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,175
Salaries, Compensation, and Employee Benefits$346,503
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,933--$193,933
Office Expenses$93,052--$93,052
Current Officers, Directors, Trustees, and Key Employees$91,276--$91,276
Occupancy$57,781--$57,781
All Other Expenses$47,690--$47,690
Information Technology$39,537--$39,537
Depreciation Depletion$32,676--$32,676
Payroll Taxes$27,699--$27,699
Advertising$26,889--$26,889
Other Employee Benefits$26,420--$26,420
Insurance$25,884--$25,884
Fees for Services Accounting$22,904--$22,904
Interest$16,616--$16,616
Fees for Services Legal$8,771--$8,771
Pension Plan Contributions$7,175--$7,175
Conferences and Meetings$5,096--$5,096
Other Expenses$4,165--$4,165
Payments to Affiliates$4,070--$4,070
Travel$3,071--$3,071
Total Functional Expenses$780,678$0$0$780,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$793,059
Total Expenses per Audited Statements$793,059
Total Expenses per Form 990$780,678
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-12,381
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$24,506,885
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 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, Part VI, Section A, Line 6

“The organization is supported by voting members.”

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

“After a quorum has been determined, the annual meeting begins with the election of directors. Each member has the right to vote.”

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

“At the annual meeting there are votes held by the membership in attendance on whether they approve the business of the previous year, minutes from the previous meeting and deciding who will fill the open board of director positions.”

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

“A copy of the form 990 is reviewed and approved by the board of directors prior to its filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“The organization reviews to make sure that there are no conflicts of interest. When asked to bid on a project and if there arises a chance of a conflict with a director, they abstain from voting.”

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

“The organization has a compensation committee that utilizes compensation suveys while determining salary and benefits for their officers and employees. The compensation committee documents their deliberation and decision. Yearly compensation packages are subject to the approval of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upone request. The finaical statements are also posted in the lobby.”

Filing and Contact Details

Filer

Filer Name
Iowa Heartland Credit Union
EIN
42-6056983
Phone
6414245391
Address
PO BOX 896, MASON CITY, IA 50401

Signing Officer

Name
Cindy Stephenson
Title
CEO
Phone
6414245391
Signed
2023-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Stephenson
Formed
1932
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
9
Volunteers
0

Preparer

Firm
Gardiner Company Pc
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
Dennis Gardiner CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The credit union receives a letter of engagement from the accounting firm. The whole board reviews the proposal and a decision is made as to whether or not to accept the audit engagement at a scheduled meeting. The process of selecting an auditor has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with accounting for uncertainty in income taxes under the income taxes topic of the fasb asc the credit union recognizes any uncertain tax benefits is such benefits are a result of a tax position that is more likely than not sustainable upon examination by federal or state tax authorities. When an uncertain benefit is determined to be more likely than not sustained, the credit union values the position, for financial statement purposes, of the largest amount of the tax benefit that is more than 50% likely of being realized upon resolution of the benefit. For any tax positions taken that do not meet the more likely than not criteria, the credit union establishes a tax reserve for 100% of the position taken.”

Raw XML AppendixShowing 400 of 456 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt096156
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0133803
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION PROVIDES LOANS AND SAVINGS AND CHECKING ACCOUNTS FOR THEIR MEMBERS.
IRS990/AdvertisingGrp/ProgramServicesAmt026889
IRS990/AdvertisingGrp/TotalAmt026889
IRS990/AllOtherExpensesGrp/ProgramServicesAmt047690
IRS990/AllOtherExpensesGrp/TotalAmt047690
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CINDY STEPHENSON
IRS990/BooksInCareOfDetail/PhoneNum06414245391
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 896
IRS990/BooksInCareOfDetail/USAddress/CityNm0MASON CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd050401
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0206327
IRS990/CashNonInterestBearingGrp/EOYAmt0221059
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt091276
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt091276
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05096
IRS990/ConferencesMeetingsGrp/TotalAmt05096
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0222050
IRS990/CYOtherExpensesAmt0434175
IRS990/CYOtherRevenueAmt0103842
IRS990/CYProgramServiceRevenueAmt0554446
IRS990/CYRevenuesLessExpensesAmt099660
IRS990/CYSalariesCompEmpBnftPaidAmt0346503
IRS990/CYTotalExpensesAmt0780678
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0880338
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt032676
IRS990/DepreciationDepletionGrp/TotalAmt032676
IRS990/Desc0CHEKCING/DEBIT CARD PROGRAMTHE ORGANIZATION SERVICES APPROXIMATELY 930 CHECKING ACCOUNTS. SERVICES INCLUDE: POSTING TRANSACTIONS TO REPSPECTIVE ACCOUNTS, REORDERING OF EXPIRING CARDS, PROCESSING CHECK ORDERS, THE ISSUANCE OF CREDIT BUREAU REPORTS AND THE OFFERING OF OVERDRAFT PROTECTION. TOTAL MEMBERS SERVED - 3,232
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt0780678
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt022904
IRS990/FeesForServicesAccountingGrp/TotalAmt022904
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt08771
IRS990/FeesForServicesLegalGrp/TotalAmt08771
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.30
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1119585
IRS990/Form990PartVIISectionAGrp/PersonNm0ALEX CRIPPIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER MOBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN JANSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3JUSTIN HOEFT
IRS990/Form990PartVIISectionAGrp/PersonNm4SAMARA TRENARY
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNIFER MERICLE
IRS990/Form990PartVIISectionAGrp/PersonNm6AARON BEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm7BOB AUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm8DARYL JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm9LARRY BEHRENDS
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT HAND
IRS990/Form990PartVIISectionAGrp/PersonNm11CYNTHIA STEPHENSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4AUDIT CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01932
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt039537
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IRS990/InsuranceGrp/TotalAmt025884
IRS990/InterestGrp/ProgramServicesAmt016616
IRS990/InterestGrp/TotalAmt016616
IRS990/InvestmentIncomeGrp/ExclusionAmt0222050
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0222050
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09302000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012042920
IRS990/IRPDocumentCnt0287
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01070094
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0463788
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0442347
IRS990/LandBldgEquipCostOrOtherBssAmt01512441
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION OPERATES FOR THE PRIMARY PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT REASONABLE RATES, AND PROVIDING OTHER FINANCIAL SERVICES TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04630847
IRS990/NetAssetsOrFundBalancesEOYAmt04718126
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-12381
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt057781
IRS990/OccupancyGrp/TotalAmt057781
IRS990/OfficeExpensesGrp/ProgramServicesAmt093052
IRS990/OfficeExpensesGrp/TotalAmt093052
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0302248
IRS990/OtherAssetsTotalGrp/EOYAmt0406218
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026420
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026420
IRS990/OtherExpensesGrp/Desc0INDIRECT LENDING
IRS990/OtherExpensesGrp/Desc1NCSUIF EXPENSE
IRS990/OtherExpensesGrp/Desc2ONLINE BANKING
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ProgramServicesAmt021850
IRS990/OtherExpensesGrp/ProgramServicesAmt112924
IRS990/OtherExpensesGrp/ProgramServicesAmt211199
IRS990/OtherExpensesGrp/ProgramServicesAmt34165
IRS990/OtherExpensesGrp/TotalAmt021850
IRS990/OtherExpensesGrp/TotalAmt112924
IRS990/OtherExpensesGrp/TotalAmt211199
IRS990/OtherExpensesGrp/TotalAmt34165
IRS990/OtherLiabilitiesGrp/BOYAmt023158434
IRS990/OtherLiabilitiesGrp/EOYAmt024506885
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0CUSTOMER SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1ATM SURCHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0101958
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0101958
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11884
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01876
IRS990/OtherRevenueTotalAmt0103842
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0193933
IRS990/OtherSalariesAndWagesGrp/TotalAmt0193933
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013813114
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013416876
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt04070
IRS990/PaymentsToAffiliatesGrp/TotalAmt04070
IRS990/PayrollTaxesGrp/ProgramServicesAmt027699
IRS990/PayrollTaxesGrp/TotalAmt027699
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0790725
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0790725
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07175
IRS990/PensionPlanContributionsGrp/TotalAmt07175
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030043
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015610
IRS990/PrincipalOfficerNm0CINDY STEPHENSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0554446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0554446
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0137590
IRS990/PYOtherExpensesAmt0453810
IRS990/PYOtherRevenueAmt098383
IRS990/PYProgramServiceRevenueAmt0575934
IRS990/PYRevenuesLessExpensesAmt024024
IRS990/PYSalariesCompEmpBnftPaidAmt0334073
IRS990/PYTotalExpensesAmt0787883
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0811907
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt099660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0656412
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03840122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03927401
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03767917
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02813784
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0288610
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0404294
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0692904
IRS990ScheduleD/EquipmentGrp/BookValueAmt048152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0583113
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0631265
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-12381
IRS990ScheduleD/ExpensesSubtotalAmt0793059
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0-12381
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04394000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt17109000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2400000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt350000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt489920
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CREDIT UNION INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BANK INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCB RESERVE ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CORP CENTRAL PAID IN CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4CHARITABLE DONATION ACCOUNT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt065996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039589
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082687
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0122276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024506885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0880338
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES UNDER THE INCOME TAXES TOPIC OF THE FASB ASC THE CREDIT UNION RECOGNIZES ANY UNCERTAIN TAX BENEFITS IS SUCH BENEFITS ARE A RESULT OF A TAX POSITION THAT IS MORE LIKELY THAN NOT SUSTAINABLE UPON EXAMINATION BY FEDERAL OR STATE TAX AUTHORITIES. WHEN AN UNCERTAIN BENEFIT IS DETERMINED TO BE MORE LIKELY THAN NOT SUSTAINED, THE CREDIT UNION VALUES THE POSITION, FOR FINANCIAL STATEMENT PURPOSES, OF THE LARGEST AMOUNT OF THE TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON RESOLUTION OF THE BENEFIT. FOR ANY TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE LIKELY THAN NOT CRITERIA, THE CREDIT UNION ESTABLISHES A TAX RESERVE FOR 100% OF THE POSITION TAKEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0442347
IRS990ScheduleD/TotalBookValueProgramRltdAmt012042920
IRS990ScheduleD/TotalExpensesPerForm990Amt0780678
IRS990ScheduleD/TotalLiabilityAmt024506885
IRS990ScheduleD/TotalRevenuePerForm990Amt0880338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0880338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0793059
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS SUPPORTED BY VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AFTER A QUORUM HAS BEEN DETERMINED, THE ANNUAL MEETING BEGINS WITH THE ELECTION OF DIRECTORS. EACH MEMBER HAS THE RIGHT TO VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE ANNUAL MEETING THERE ARE VOTES HELD BY THE MEMBERSHIP IN ATTENDANCE ON WHETHER THEY APPROVE THE BUSINESS OF THE PREVIOUS YEAR, MINUTES FROM THE PREVIOUS MEETING AND DECIDING WHO WILL FILL THE OPEN BOARD OF DIRECTOR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS TO MAKE SURE THAT THERE ARE NO CONFLICTS OF INTEREST. WHEN ASKED TO BID ON A PROJECT AND IF THERE ARISES A CHANCE OF A CONFLICT WITH A DIRECTOR, THEY ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT UTILIZES COMPENSATION SUVEYS WHILE DETERMINING SALARY AND BENEFITS FOR THEIR OFFICERS AND EMPLOYEES. THE COMPENSATION COMMITTEE DOCUMENTS THEIR DELIBERATION AND DECISION. YEARLY COMPENSATION PACKAGES ARE SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPONE REQUEST. THE FINAICAL STATEMENTS ARE ALSO POSTED IN THE LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION RECEIVES A LETTER OF ENGAGEMENT FROM THE ACCOUNTING FIRM. THE WHOLE BOARD REVIEWS THE PROPOSAL AND A DECISION IS MADE AS TO WHETHER OR NOT TO ACCEPT THE AUDIT ENGAGEMENT AT A SCHEDULED MEETING. THE PROCESS OF SELECTING AN AUDITOR HAS NOT CHANGED FROM PRIOR YEARS.
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 A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt027885437
IRS990/TotalAssetsEOYAmt029358814
IRS990/TotalAssetsGrp/BOYAmt027885437
IRS990/TotalAssetsGrp/EOYAmt029358814
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0780678
IRS990/TotalFunctionalExpensesGrp/TotalAmt0780678
IRS990/TotalGrossUBIAmt01876
IRS990/TotalLiabilitiesBOYAmt023254590
IRS990/TotalLiabilitiesEOYAmt024640688
IRS990/TotalLiabilitiesGrp/BOYAmt023254590
IRS990/TotalLiabilitiesGrp/EOYAmt024640688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04630847
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04718126
IRS990/TotalOtherCompensationAmt019585
IRS990/TotalProgramServiceExpensesAmt0780678
IRS990/TotalProgramServiceRevenueAmt0554446

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