Civic Intelligence

River Valley Credit Union

990 • Fiscal year 2018 • EIN 42-6061323

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 17, 2019

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

55th percentile

0.89x

Higher debt load relative to assets than 55% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

26.66x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

87th percentile

22%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

10th percentile

$87,022

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

95th percentile

12%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$70,194,845

Up $7,594,762 (+12%) from 2017

Net Assets

Up

$7,727,945

Up $509,751 (+7.1%) from 2017

Liabilities

Up

$62,466,900

Up $7,085,011 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin87th percentile

Revenue

Up

$2,343,513

Up $234,969 (+11%) from 2017

Expenses

Up

$1,833,762

Up $116,029 (+6.8%) from 2017

Net Income

Up

$509,751

Up $118,940 (+30%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2018

Assets$70,194,845
Liabilities$62,466,900
Net Assets$7,727,945
Open 2018 Filing

Operations Trend

Revenue Growth61st 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

2018

Revenue$2,343,513
Expenses$1,833,762
Net Income$509,751
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 17, 2019
Return Version
2018v3.1
Gross Receipts
$2,343,513
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$35,720,096$49,537,764▲ $13,817,668
Investments Program Related$17,000,808$16,661,344▼ $339,464
Rtn Earn Endowment Incm Other Fnds$5,185,859$5,566,787▲ $380,928
Pd in Cap Srpls Land Bldg Eqp Fund$2,032,335$2,161,158▲ $128,823
Savings and Temporary Cash Investments$7,457,969$1,255,848▼ $6,202,121
Cash and Non-Interest-Bearing Accounts$968,184$946,081▼ $22,103
Land, Buildings, and Equipment, Net$577,349$810,316▲ $232,967
Prepaid Expenses and Deferred Charges$163,268$271,823▲ $108,555
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$62,600,083$70,194,845▲ $7,594,762
Other Assets Total$712,409$711,669▼ $740
Liabilities
Other Liabilities$55,204,112$55,189,869▼ $14,243
Accounts Payable and Accrued Expenses$177,777$7,277,031▲ $7,099,254
Total Liabilities$55,381,889$62,466,900▲ $7,085,011
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,218,194$7,727,945▲ $509,751
Total Liabilities and Net Assets / Fund Balance$62,600,083$70,194,845▲ $7,594,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,857$477,502$1,070,359
Equipment$109,766$350,096$459,862
Land$92,721-$92,721
Leasehold Improvements$14,972$58,938$73,910
Investment Program Related Org$78,219--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark R LeeperFormer CEOFT$80,263$6,759$87,022
Phil VanmersbergenCEOFT$68,529$2,905$71,434

Board Members and Trustees

NameTitle
Brenda L LykinsDirector
Erica AndersenDirector
Jeffery J StarnesDirector
Joel HalversonDirector
John a BelzerDirector
Kevin J AndersonDirector
Lorie CoutureDirector
Mary Ann McintireDirector
Ronald I MorganDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Single SourceBuilding Remodel112 WEST PARK LANE, Waterloo, IA 50701$190,995
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,435,622
Investment Income
$451,877
Other Revenue
$456,014
Change in Net Assets
$509,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,343,513
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,343,513
Total Revenue per Form 990
$2,343,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$978,201
Salaries, Compensation, and Employee Benefits$855,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$549,907--$549,907
Interest$202,102--$202,102
Current Officers, Directors, Trustees, and Key Employees$158,539--$158,539
All Other Expenses$129,339--$129,339
Information Technology$107,072--$107,072
Office Expenses$100,262--$100,262
Other Expenses$84,000--$84,000
Occupancy$74,204--$74,204
Other Employee Benefits$65,783--$65,783
Depreciation Depletion$59,683--$59,683
Payroll Taxes$58,581--$58,581
Advertising$52,470--$52,470
Fees for Services Accounting$24,960--$24,960
Pension Plan Contributions$22,751--$22,751
Insurance$21,536--$21,536
Payments to Affiliates$11,433--$11,433
Travel$7,196--$7,196
Conferences and Meetings$-603--$-603
Total Functional Expenses$1,833,762$0$0$1,833,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,833,762
Total Expenses per Audited Statements$1,833,762
Total Expenses per Form 990$1,833,762
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$55,189,869
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 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
2019-04-17
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
18
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 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 440 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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt072226
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt072226
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/NetAssetsOrFundBalancesBOYAmt07218194
IRS990/NetAssetsOrFundBalancesEOYAmt07727945
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt074204
IRS990/OccupancyGrp/TotalAmt074204
IRS990/OfficeExpensesGrp/ProgramServicesAmt0100262
IRS990/OfficeExpensesGrp/TotalAmt0100262
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0712409
IRS990/OtherAssetsTotalGrp/EOYAmt0711669
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065783
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065783
IRS990/OtherExpensesGrp/Desc0CREDIT/DEBIT CARD EXPEN
IRS990/OtherExpensesGrp/Desc1PROVISIONS FOR LOAN LOS
IRS990/OtherExpensesGrp/ProgramServicesAmt0104547
IRS990/OtherExpensesGrp/ProgramServicesAmt184000
IRS990/OtherExpensesGrp/TotalAmt0104547
IRS990/OtherExpensesGrp/TotalAmt184000
IRS990/OtherLiabilitiesGrp/BOYAmt055204112
IRS990/OtherLiabilitiesGrp/EOYAmt055189869
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0CREDIT/DEBIT CARD FEES
IRS990/OtherRevenueMiscGrp/Desc1SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc2MORTGAGE INTEREST
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0164620
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1162015
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt257153
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0164620
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1162015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt257153
IRS990/OtherRevenueTotalAmt0456014
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0549907
IRS990/OtherSalariesAndWagesGrp/TotalAmt0549907
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035720096
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt049537764
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt011433
IRS990/PaymentsToAffiliatesGrp/TotalAmt011433
IRS990/PayrollTaxesGrp/ProgramServicesAmt058581
IRS990/PayrollTaxesGrp/TotalAmt058581
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02032335
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt02161158
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022751
IRS990/PensionPlanContributionsGrp/TotalAmt022751
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0163268
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0271823
IRS990/PrincipalOfficerNm0BRIAN GODWIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01435622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01435622
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0324500
IRS990/PYOtherExpensesAmt0940423
IRS990/PYOtherRevenueAmt0506078
IRS990/PYProgramServiceRevenueAmt01277966
IRS990/PYRevenuesLessExpensesAmt0390811
IRS990/PYSalariesCompEmpBnftPaidAmt0777310
IRS990/PYTotalExpensesAmt01717733
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02108544
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0509751
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01891636
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05185859
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05566787
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07457969
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01255848
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0592857
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0477502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01070359
IRS990ScheduleD/EquipmentGrp/BookValueAmt0109766
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0350096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0459862
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01833762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt016507925
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt175200
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt278219
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/OtherCostOrOtherBasisAmt092721
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014972
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt058938
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt073910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt055189869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02343513
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/TotalBookValueLandBuildingsAmt0810316
IRS990ScheduleD/TotalBookValueProgramRltdAmt016661344
IRS990ScheduleD/TotalExpensesPerForm990Amt01833762
IRS990ScheduleD/TotalLiabilityAmt055189869
IRS990ScheduleD/TotalRevenuePerForm990Amt02343513
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02343513
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01833762
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 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt062600083
IRS990/TotalAssetsEOYAmt070194845
IRS990/TotalAssetsGrp/BOYAmt062600083
IRS990/TotalAssetsGrp/EOYAmt070194845
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01833762
IRS990/TotalFunctionalExpensesGrp/TotalAmt01833762
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055381889
IRS990/TotalLiabilitiesEOYAmt062466900
IRS990/TotalLiabilitiesGrp/BOYAmt055381889
IRS990/TotalLiabilitiesGrp/EOYAmt062466900
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07218194
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07727945
IRS990/TotalOtherCompensationAmt09664
IRS990/TotalProgramServiceExpensesAmt01833762
IRS990/TotalProgramServiceRevenueAmt01435622
IRS990/TotalReportableCompFromOrgAmt0148792
IRS990/TotalRevenueGrp/ExclusionAmt0451877
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01891636
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02343513
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt062600083
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070194845
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07196
IRS990/TravelGrp/TotalAmt07196
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02811 EAST 13TH STREET
IRS990/USAddress/CityNm0AMES

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$70,194,845
Liabilities
$62,466,900
Net assets
$7,727,945
Revenue
$2,343,513
Expenses
$1,833,762
Net income
$509,751
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