Civic Intelligence

River Valley Credit Union

EIN 42-6061323 • 501(c)14 • Ames, IA

Profile

River valley credit union operates for the primary purpose of promoting thrift, providing credit at a reasonable rate and providing other financial services to members.

2811 East 13th StreetAmes, IA 50010

www.rvcu.org

Siviq Scores

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

Liabilities / Assets

56th percentile

0.89x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

29.43x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

84th percentile

7.0%

Faster asset growth than 84% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

25th percentile

5.0%

Faster revenue growth than 25% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Assets

Up

$107,620,613

Up $4,234,543 (+4.1%) from 2023

Liabilities

Up

$95,544,921

Up $3,409,398 (+3.7%) from 2023

Net Assets

Up

$12,075,692

Up $825,145 (+7.3%) from 2023

Revenue

Up

$5,079,638

Up $1,026,218 (+25%) from 2023

Expenses

Up

$4,254,493

Up $1,064,480 (+33%) from 2023

Net Income

Down

$825,145

Down $38,262 (-4.4%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $45,238,448Liabilities 2010: $40,476,434Net Assets 2010: $4,762,0142010Assets 2013: $50,418,106Liabilities 2013: $44,631,616Net Assets 2013: $5,786,4902013Assets 2014: $51,878,703Liabilities 2014: $45,762,878Net Assets 2014: $6,115,8252014Assets 2015: $56,140,939Liabilities 2015: $49,647,818Net Assets 2015: $6,493,1212015Assets 2016: $59,937,587Liabilities 2016: $53,110,204Net Assets 2016: $6,827,3832016Assets 2017: $62,600,083Liabilities 2017: $55,381,889Net Assets 2017: $7,218,1942017Assets 2018: $70,194,845Liabilities 2018: $62,466,900Net Assets 2018: $7,727,9452018Assets 2019: $77,530,735Liabilities 2019: $69,060,383Net Assets 2019: $8,470,3522019Assets 2020: $85,973,664Liabilities 2020: $76,766,857Net Assets 2020: $9,206,8072020Assets 2021: $87,194,590Liabilities 2021: $77,433,440Net Assets 2021: $9,761,1502021Assets 2022: $93,266,661Liabilities 2022: $82,879,521Net Assets 2022: $10,387,1402022Assets 2023: $103,386,070Liabilities 2023: $92,135,523Net Assets 2023: $11,250,5472023Assets 2024: $107,620,613Liabilities 2024: $95,544,921Net Assets 2024: $12,075,6922024

Highlighted filing

2024

Assets$107,620,613
Liabilities$95,544,921
Net Assets$12,075,692

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $1,955,4482010Revenue 2013: $1,905,304Expenses 2013: $1,554,575Net Income 2013: $350,7292013Revenue 2014: $1,871,370Expenses 2014: $1,542,034Net Income 2014: $329,3362014Revenue 2015: $1,973,237Expenses 2015: $1,595,941Net Income 2015: $377,2962015Revenue 2016: $2,030,454Expenses 2016: $1,696,192Net Income 2016: $334,2622016Revenue 2017: $2,108,544Expenses 2017: $1,717,733Net Income 2017: $390,8112017Revenue 2018: $2,343,513Expenses 2018: $1,833,762Net Income 2018: $509,7512018Revenue 2019: $3,031,141Expenses 2019: $2,288,735Net Income 2019: $742,4062019Revenue 2020: $3,023,543Expenses 2020: $2,287,088Net Income 2020: $736,4552020Revenue 2021: $2,682,849Expenses 2021: $2,128,505Net Income 2021: $554,3442021Revenue 2022: $2,815,694Expenses 2022: $2,189,704Net Income 2022: $625,9902022Revenue 2023: $4,053,420Expenses 2023: $3,190,013Net Income 2023: $863,4072023Revenue 2024: $5,079,638Expenses 2024: $4,254,493Net Income 2024: $825,1452024

Highlighted filing

2024

Revenue$5,079,638
Expenses$4,254,493
Net Income$825,145

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.1
Gross Receipts
$5,079,638
Mission and Program Overview

Mission

River valley credit union operates for the primary purpose of promoting thrift, providing credit at a reasonable rate and providing other financial services to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$73,275,916$63,977,113▼ $9,298,803
Savings and Temporary Cash Investments$7,452,664$21,515,599▲ $14,062,935
Investments Program Related$19,151,622$19,343,638▲ $192,016
Rtn Earn Endowment Incm Other Fnds$8,375,220$8,944,744▲ $569,524
Pd in Cap Srpls Land Bldg Eqp Fund$2,875,327$3,130,948▲ $255,621
Land, Buildings, and Equipment, Net$921,646$914,005▼ $7,641
Prepaid Expenses and Deferred Charges$594,057$490,657▼ $103,400
Cash and Non-Interest-Bearing Accounts$858,170$262,988▼ $595,182
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$103,386,070$107,620,613▲ $4,234,543
Other Assets Total$1,131,995$1,116,613▼ $15,382
Liabilities
Other Liabilities$91,118,191$94,815,275▲ $3,697,084
Accounts Payable and Accrued Expenses$1,017,332$729,646▼ $287,686
Total Liabilities$92,135,523$95,544,921▲ $3,409,398
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,250,547$12,075,692▲ $825,145
Total Liabilities and Net Assets / Fund Balance$103,386,070$107,620,613▲ $4,234,543

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$138,338--
Buildings$556,230$646,141-
Land$92,721--
Equipment$105,788$514,365-
Leasehold Improvements$159,266$96,139-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian GodwinCEOFT$163,067$38,914$201,981
Margo CaseboltVP of OperationsFT$103,928$12,317$116,245
Eric SailsburyVP of LendingFT$96,539$12,995$109,534

Board Members and Trustees

NameTitle
Warren MuellerAudit Committee Chair
Jeffrey StarnesBoard Chairperson
Kevin AndersonVice Chairperson
Cheryl PearsonBoard Secretary
Ricardo MartinezAudit Committee
Steven HennagerAudit Committee
Joel HalversonCFO/credit Committee
Carol BelzerCredit Committee
Ronald MorganCredit Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,475,813
Investment Income
$1,228,342
Other Revenue
$375,483
Change in Net Assets
$825,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,079,638
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,079,638
Total Revenue per Form 990
$5,079,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,006,268
Salaries, Compensation, and Employee Benefits$1,248,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,836,919--$1,836,919
Other Salaries and Wages$641,051--$641,051
Current Officers, Directors, Trustees, and Key Employees$427,760--$427,760
Information Technology$188,270--$188,270
All Other Expenses$149,409--$149,409
Occupancy$134,279--$134,279
Office Expenses$125,392--$125,392
Payroll Taxes$81,635--$81,635
Other Employee Benefits$77,059--$77,059
Advertising$76,708--$76,708
Depreciation Depletion$66,531--$66,531
Fees for Services Accounting$57,084--$57,084
Insurance$28,370--$28,370
Pension Plan Contributions$20,720--$20,720
Travel$9,778--$9,778
Payments to Affiliates$7,264--$7,264
Other Expenses$6,102--$6,102
Conferences and Meetings$2,085--$2,085
Total Functional Expenses$4,254,493$0$0$4,254,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,254,493
Total Expenses per Audited Statements$4,254,493
Total Expenses per Form 990$4,254,493
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$94,815,275
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

River valley credit union is supported by its members.

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

Members elect board of directors at an annual meeting. Three directors are elected each year and serve a three year term.

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

A copy of the form 990 was not provided to the organization's governing body before it was filed. Ceo informs directors of filing information provided.

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

The organization reviews transactions several times throughout the year. Review and enforcement is done by the organization when external auditors perform mid-year and year-end audits. Review and enforcement is done by the organization when the state examiners perform their annual review.

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

The ceo salary is available for review by auditors and state examiners. The executive committee uses cuna salary survey reports for comparability data. The ceo reviews and salary recommendation is documented.

Form 990, Part VI, Section C, Line 19

Financial statements are posted in the lobby. Additional documents are avialable upon request in the ceo's office at the credit union.

Filing and Contact Details

Filer

Filer Name
River Valley Credit Union
EIN
42-6061323
Phone
5152321654
Address
2811 EAST 13TH STREET, AMES, IA 50010

Signing Officer

Name
Brian Godwin
Title
CEO
Phone
5152321654
Signed
2025-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Godwin
Formed
1961
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process of selecting an auditor and overseeing the audit has not changed since prior year.

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 examnination 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 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 period provision for income taxes in the credit union statement of income and are included as a current liability in the balance sheet.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt043496
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt043496
IRS990/MissionDesc0RIVER VALLEY CREDIT UNION OPERATES FOR THE PRIMARY PURPOSE OF PROMOTING THRIFT, PROVIDING CREDIT AT A REASONABLE RATE AND PROVIDING OTHER FINANCIAL SERVICES TO MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011250547
IRS990/NetAssetsOrFundBalancesEOYAmt012075692
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0134279
IRS990/OccupancyGrp/TotalAmt0134279
IRS990/OfficeExpensesGrp/ProgramServicesAmt0125392
IRS990/OfficeExpensesGrp/TotalAmt0125392
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01131995
IRS990/OtherAssetsTotalGrp/EOYAmt01116613
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt077059
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077059
IRS990/OtherExpensesGrp/Desc0PROVISIONS FOR LOAN LOS
IRS990/OtherExpensesGrp/Desc1CREDIT/DEBIT CARD EXPEN
IRS990/OtherExpensesGrp/Desc2NCUA SHARE INSURANCE EX
IRS990/OtherExpensesGrp/Desc3INTEREST ON ICCCU/FHLB
IRS990/OtherExpensesGrp/ProgramServicesAmt0177773
IRS990/OtherExpensesGrp/ProgramServicesAmt1124023
IRS990/OtherExpensesGrp/ProgramServicesAmt216281
IRS990/OtherExpensesGrp/ProgramServicesAmt36102
IRS990/OtherExpensesGrp/TotalAmt0177773
IRS990/OtherExpensesGrp/TotalAmt1124023
IRS990/OtherExpensesGrp/TotalAmt216281
IRS990/OtherExpensesGrp/TotalAmt36102
IRS990/OtherLiabilitiesGrp/BOYAmt091118191
IRS990/OtherLiabilitiesGrp/EOYAmt094815275
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1CREDIT/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc2MORTGAGE INTEREST
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0199894
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1100659
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt227749
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0203579
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1100659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt227749
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03685
IRS990/OtherRevenueTotalAmt0375483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0641051
IRS990/OtherSalariesAndWagesGrp/TotalAmt0641051
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt073275916
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt063977113
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt07264
IRS990/PaymentsToAffiliatesGrp/TotalAmt07264
IRS990/PayrollTaxesGrp/ProgramServicesAmt081635
IRS990/PayrollTaxesGrp/TotalAmt081635
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02875327
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt03130948
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020720
IRS990/PensionPlanContributionsGrp/TotalAmt020720
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0594057
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0490657
IRS990/PrincipalOfficerNm0BRIAN GODWIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03475813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03475813
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0819785
IRS990/PYOtherExpensesAmt02057212
IRS990/PYOtherRevenueAmt0322155
IRS990/PYProgramServiceRevenueAmt02911480
IRS990/PYRevenuesLessExpensesAmt0863407
IRS990/PYSalariesCompEmpBnftPaidAmt01132801
IRS990/PYTotalExpensesAmt03190013
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04053420
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0825145
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt03847611
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08375220
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08944744
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07452664
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021515599
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0556230
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0646141
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01202371
IRS990ScheduleD/EquipmentGrp/BookValueAmt0105788
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0514365
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0620153
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04254493
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt019143300
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt162000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2138338
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FHLB SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt092721
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt092721
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0159266
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt096139
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0255405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt094815275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05079638
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 EXAMNINATION 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 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 PERIOD PROVISION FOR INCOME TAXES IN THE CREDIT UNION STATEMENT OF INCOME AND ARE INCLUDED AS A CURRENT LIABILITY IN THE BALANCE SHEET.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0914005
IRS990ScheduleD/TotalBookValueProgramRltdAmt019343638
IRS990ScheduleD/TotalExpensesPerForm990Amt04254493
IRS990ScheduleD/TotalLiabilityAmt094815275
IRS990ScheduleD/TotalRevenuePerForm990Amt05079638
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05079638
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04254493
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0163067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount022110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08570
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN GODWIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0201981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0RIVER VALLEY CREDIT UNION UTILIZES A COMPENSATION COMMITTEE, WHICH INCLUDES THEIR BOARD CHAIR, VICE CHAIR, CFO AND APPROVAL OF THE BOARD IN ESTABLISHING THE COMPENSATION FOR THE ORGANIZATION'S CEO. ECONOMIC FACTORS ARE CONSIDERED BY BOTH THE COMPENSATION COMMITTEE AND BOARD IN DETERMINING CHANGES FOR SALARIES AND BONUSES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RIVER VALLEY CREDIT UNION IS SUPPORTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT BOARD OF DIRECTORS AT AN ANNUAL MEETING. THREE DIRECTORS ARE ELECTED EACH YEAR AND SERVE A THREE YEAR TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 WAS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. CEO INFORMS DIRECTORS OF FILING INFORMATION PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REVIEWS TRANSACTIONS SEVERAL TIMES THROUGHOUT THE YEAR. REVIEW AND ENFORCEMENT IS DONE BY THE ORGANIZATION WHEN EXTERNAL AUDITORS PERFORM MID-YEAR AND YEAR-END AUDITS. REVIEW AND ENFORCEMENT IS DONE BY THE ORGANIZATION WHEN THE STATE EXAMINERS PERFORM THEIR ANNUAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO SALARY IS AVAILABLE FOR REVIEW BY AUDITORS AND STATE EXAMINERS. THE EXECUTIVE COMMITTEE USES CUNA SALARY SURVEY REPORTS FOR COMPARABILITY DATA. THE CEO REVIEWS AND SALARY RECOMMENDATION IS DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. ADDITIONAL DOCUMENTS ARE AVIALABLE UPON REQUEST IN THE CEO'S OFFICE AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS OF SELECTING AN AUDITOR AND OVERSEEING THE AUDIT HAS NOT CHANGED SINCE PRIOR YEAR.
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 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0103386070
IRS990/TotalAssetsEOYAmt0107620613

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