Civic Intelligence

River Valley Credit Union

990 • Fiscal year 2014 • EIN 42-6061323

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 06, 2015

Organization ProfileWWW.RVCU.ORG

View Organization Page

2811 East 13th StreetAmes, IA 50010

(515) 232-1654

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.88x

Higher debt load relative to assets than 43% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

24.45x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

42nd percentile

$122,869

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

53rd percentile

2.9%

Faster asset growth than 53% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-1.8%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$51,878,703

Up $1,460,597 (+2.9%) from 2013

Net Assets

Up

$6,115,825

Up $329,335 (+5.7%) from 2013

Liabilities

Up

$45,762,878

Up $1,131,262 (+2.5%) from 2013

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin78th percentile

Revenue

Down

$1,871,370

Down $33,934 (-1.8%) from 2013

Expenses

Down

$1,542,034

Down $12,541 (-0.8%) from 2013

Net Income

Down

$329,336

Down $21,393 (-6.1%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$51,878,703
Liabilities$45,762,878
Net Assets$6,115,825
Open 2014 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$1,871,370
Expenses$1,542,034
Net Income$329,336
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 6, 2015
Return Version
2014v5.0
Gross Receipts
$1,871,370
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$27,816,347$30,957,231▲ $3,140,884
Investments Program Related$14,906,977$15,016,202▲ $109,225
Rtn Earn Endowment Incm Other Fnds$4,046,645$4,292,411▲ $245,766
Savings and Temporary Cash Investments$5,095,076$3,296,634▼ $1,798,442
Pd in Cap Srpls Land Bldg Eqp Fund$1,739,845$1,823,414▲ $83,569
Cash and Non-Interest-Bearing Accounts$864,220$909,531▲ $45,311
Land, Buildings, and Equipment, Net$655,112$685,593▲ $30,481
Prepaid Expenses and Deferred Charges$122,091$159,691▲ $37,600
Inventories for Sale or Use$50,000$0▼ $50,000
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$50,418,106$51,878,703▲ $1,460,597
Other Assets Total$908,283$853,821▼ $54,462
Liabilities
Other Liabilities$44,524,672$45,651,791▲ $1,127,119
Accounts Payable and Accrued Expenses$106,944$111,087▲ $4,143
Total Liabilities$44,631,616$45,762,878▲ $1,131,262
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,786,490$6,115,825▲ $329,335
Total Liabilities and Net Assets / Fund Balance$50,418,106$51,878,703▲ $1,460,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$473,323$396,041$869,364
Equipment$109,936$359,908$469,844
Land$92,721-$92,721
Leasehold Improvements$9,613$49,118$58,731
Investment Program Related Org$23,622--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark R LeeperCEOFT$113,429$9,440$122,869

Board Members and Trustees

NameTitle
Larry G RiceChairperson
Brenda L LykinsVice-chairperson
Jeffery J StarnesDirector
Kevin J AndersonDirector
Lorie CoutureDirector
Mary Ann McintireDirector
Ronald I MorganDirector
Edward E MooreCFO
John a BelzerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,218,489
Investment Income
$192,802
Other Revenue
$460,079
Change in Net Assets
$329,336

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,871,370
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,871,370
Total Revenue per Form 990
$1,871,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$776,366
Salaries, Compensation, and Employee Benefits$765,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$514,119--$514,119
Office Expenses$130,883--$130,883
Interest$124,143--$124,143
Current Officers, Directors, Trustees, and Key Employees$122,869--$122,869
Occupancy$78,685--$78,685
All Other Expenses$75,064--$75,064
Other Employee Benefits$55,431--$55,431
Depreciation Depletion$48,842--$48,842
Advertising$48,415--$48,415
Payroll Taxes$47,029--$47,029
Information Technology$29,795--$29,795
Pension Plan Contributions$26,220--$26,220
Fees for Services Accounting$25,320--$25,320
Insurance$19,585--$19,585
Payments to Affiliates$16,083--$16,083
Other Expenses$10,000--$10,000
Travel$7,152--$7,152
Conferences and Meetings$2,520--$2,520
Total Functional Expenses$1,542,034$0$0$1,542,034

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,542,034
Total Expenses per Audited Statements$1,542,034
Total Expenses per Form 990$1,542,034
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$45,651,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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 11

“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
Mark R Leeper
Title
CEO
Phone
5152321654
Signed
2015-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark R Leeper
Formed
1961
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
0

Preparer

Firm
Gardiner Thomsen
Address
10555 NEW YORK AVENUE SUITE 200, DES MOINES, IA 50322
Preparer
C L Telk Jr 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.”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetAssetsOrFundBalancesEOYAmt06115825
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt015664
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015664
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt078685
IRS990/OccupancyGrp/TotalAmt078685
IRS990/OfficeExpensesGrp/ProgramServicesAmt0130883
IRS990/OfficeExpensesGrp/TotalAmt0130883
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0908283
IRS990/OtherAssetsTotalGrp/EOYAmt0853821
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055431
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055431
IRS990/OtherExpensesGrp/Desc0CREDIT/DEBIT CARD EXPEN
IRS990/OtherExpensesGrp/Desc1PROVISIONS FOR LOAN LOS
IRS990/OtherExpensesGrp/ProgramServicesAmt0159879
IRS990/OtherExpensesGrp/ProgramServicesAmt110000
IRS990/OtherExpensesGrp/TotalAmt0159879
IRS990/OtherExpensesGrp/TotalAmt110000
IRS990/OtherLiabilitiesGrp/BOYAmt044524672
IRS990/OtherLiabilitiesGrp/EOYAmt045651791
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0CREDIT/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc1SERVICE FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0196981
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1191423
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0196981
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1191423
IRS990/OtherRevenueTotalAmt0460079
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0514119
IRS990/OtherSalariesAndWagesGrp/TotalAmt0514119
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027816347
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030957231
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt016083
IRS990/PaymentsToAffiliatesGrp/TotalAmt016083
IRS990/PayrollTaxesGrp/ProgramServicesAmt047029
IRS990/PayrollTaxesGrp/TotalAmt047029
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01739845
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01823414
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026220
IRS990/PensionPlanContributionsGrp/TotalAmt026220
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0122091
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0159691
IRS990/PrincipalOfficerNm0MARK R LEEPER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01218489
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01218489
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0160942
IRS990/PYOtherExpensesAmt0809944
IRS990/PYOtherRevenueAmt0508433
IRS990/PYProgramServiceRevenueAmt01235929
IRS990/PYRevenuesLessExpensesAmt0350729
IRS990/PYSalariesCompEmpBnftPaidAmt0744631
IRS990/PYTotalExpensesAmt01554575
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01905304
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0329336
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01678568
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04046645
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04292411
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05095076
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03296634
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0473323
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0396041
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0869364
IRS990ScheduleD/EquipmentGrp/BookValueAmt0109936
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0359908
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0469844
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01542034
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt014931880
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1100
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt260600
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt323622
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1MEMBERS UNITED SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FHLB SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt092721
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092721
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09613
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt049118
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt058731
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045651791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01871370
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/TotalBookValueLandBuildingsAmt0685593
IRS990ScheduleD/TotalBookValueProgramRltdAmt015016202
IRS990ScheduleD/TotalExpensesPerForm990Amt01542034
IRS990ScheduleD/TotalLiabilityAmt045651791
IRS990ScheduleD/TotalRevenuePerForm990Amt01871370
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01871370
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01542034
IRS990/ScheduleJRequiredInd00
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 11
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050418106
IRS990/TotalAssetsEOYAmt051878703
IRS990/TotalAssetsGrp/BOYAmt050418106
IRS990/TotalAssetsGrp/EOYAmt051878703
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01542034
IRS990/TotalFunctionalExpensesGrp/TotalAmt01542034
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044631616
IRS990/TotalLiabilitiesEOYAmt045762878
IRS990/TotalLiabilitiesGrp/BOYAmt044631616
IRS990/TotalLiabilitiesGrp/EOYAmt045762878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05786490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06115825
IRS990/TotalOtherCompensationAmt09440
IRS990/TotalProgramServiceExpensesAmt01542034
IRS990/TotalProgramServiceRevenueAmt01218489
IRS990/TotalReportableCompFromOrgAmt0113429
IRS990/TotalRevenueGrp/ExclusionAmt0192802
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01678568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01871370
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050418106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt051878703
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07152
IRS990/TravelGrp/TotalAmt07152
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02811 EAST 13TH STREET
IRS990/USAddress/CityNm0AMES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050010
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RVCU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,878,703
Liabilities
$45,762,878
Net assets
$6,115,825
Revenue
$1,871,370
Expenses
$1,542,034
Net income
$329,336
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$108$95.5$12.1$5.08$4.25$0.83
2023Detailed filing. Detailed filing data is available for this year.$103$92.1$11.3$4.05$3.19$0.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$82.9$10.4$2.82$2.19$0.63
2021Detailed filing. Detailed filing data is available for this year.$87.2$77.4$9.76$2.68$2.13$0.55
2020Detailed filing. Detailed filing data is available for this year.$86.0$76.8$9.21$3.02$2.29$0.74
2019Detailed filing. Detailed filing data is available for this year.$77.5$69.1$8.47$3.03$2.29$0.74
2018Detailed filing. Detailed filing data is available for this year.$70.2$62.5$7.73$2.34$1.83$0.51
2017Detailed filing. Detailed filing data is available for this year.$62.6$55.4$7.22$2.11$1.72$0.39
2016Detailed filing. Detailed filing data is available for this year.$59.9$53.1$6.83$2.03$1.70$0.33
2015Detailed filing. Detailed filing data is available for this year.$56.1$49.6$6.49$1.97$1.60$0.38
2014Detailed filing. Detailed filing data is available for this year.$51.9$45.8$6.12$1.87$1.54$0.33
2013Detailed filing. Detailed filing data is available for this year.$50.4$44.6$5.79$1.91$1.55$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$40.5$4.76$1.96