Civic Intelligence

S E C U Credit Union

990 • Fiscal year 2020 • EIN 42-6077674

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 19, 2021

Organization ProfileN/A

View Organization Page

3200 Main StKeokuk, IA 52632

(319) 524-4560

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.75x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

18.23x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.8%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2020 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2020

Asset Growth

45th percentile

4.5%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-13%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$2,055,459

Up $88,343 (+4.5%) from 2019

Net Assets

Down

$514,153

Down $1,538 (-0.3%) from 2019

Liabilities

Up

$1,541,306

Up $89,881 (+6.2%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin33rd percentile

Revenue

Down

$84,562

Down $12,289 (-13%) from 2019

Expenses

Down

$86,100

Down $1,831 (-2.1%) from 2019

Net Income

Down

-$1,538

Down $10,458 (-117%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,586,972Liabilities 2010: $1,207,669Net Assets 2010: $379,3032010Assets 2012: $1,854,794Liabilities 2012: $1,405,098Net Assets 2012: $449,6962012Assets 2013: $1,894,366Liabilities 2013: $1,432,148Net Assets 2013: $462,2182013Assets 2014: $1,986,921Liabilities 2014: $1,514,670Net Assets 2014: $472,2512014Assets 2015: $2,121,084Liabilities 2015: $1,654,425Net Assets 2015: $466,6592015Assets 2016: $2,110,881Liabilities 2016: $1,646,045Net Assets 2016: $464,8362016Assets 2017: $2,101,518Liabilities 2017: $1,618,357Net Assets 2017: $483,1612017Assets 2018: $1,972,874Liabilities 2018: $1,466,103Net Assets 2018: $506,7712018Assets 2019: $1,967,116Liabilities 2019: $1,451,425Net Assets 2019: $515,6912019Assets 2020: $2,055,459Liabilities 2020: $1,541,306Net Assets 2020: $514,1532020Assets 2021: $2,163,122Liabilities 2021: $1,650,083Net Assets 2021: $513,0392021Assets 2022: $1,685,011Liabilities 2022: $1,185,991Net Assets 2022: $499,0202022Assets 2024: $1,664,483Liabilities 2024: $1,094,342Net Assets 2024: $570,1412024

Highlighted filing

2020

Assets$2,055,459
Liabilities$1,541,306
Net Assets$514,153
Open 2020 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $75,1262010Expenses 2012: $68,5122012Revenue 2013: $91,803Expenses 2013: $79,281Net Income 2013: $12,5222013Revenue 2014: $85,562Expenses 2014: $75,529Net Income 2014: $10,0332014Revenue 2015: $75,119Expenses 2015: $80,711Net Income 2015: -$5,5922015Revenue 2016: $74,488Expenses 2016: $76,311Net Income 2016: -$1,8232016Revenue 2017: $86,063Expenses 2017: $67,738Net Income 2017: $18,3252017Revenue 2018: $103,364Expenses 2018: $79,754Net Income 2018: $23,6102018Revenue 2019: $96,851Expenses 2019: $87,931Net Income 2019: $8,9202019Revenue 2020: $84,562Expenses 2020: $86,100Net Income 2020: -$1,5382020Revenue 2021: $64,214Expenses 2021: $65,328Net Income 2021: -$1,1142021Revenue 2022: $71,358Expenses 2022: $85,377Net Income 2022: -$14,0192022Revenue 2024: $114,360Expenses 2024: $72,356Net Income 2024: $42,0042024

Highlighted filing

2020

Revenue$84,562
Expenses$86,100
Net Income-$1,538
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 19, 2021
Return Version
2020v4.0
Gross Receipts
$84,562
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,410,017$1,146,750▼ $263,267
Savings and Temporary Cash Investments$535,133$880,002▲ $344,869
Rtn Earn Endowment Incm Other Fnds$399,680$398,142▼ $1,538
Pd in Cap Srpls Land Bldg Eqp Fund$116,011$116,011→ $0
Accounts Receivable$1,383$1,642▲ $259
Cash and Non-Interest-Bearing Accounts$58$58→ $0
Prepaid Expenses and Deferred Charges$289$-291▼ $580
Total Assets$1,967,116$2,055,459▲ $88,343
Other Assets Total$20,236$27,298▲ $7,062
Liabilities
Other Liabilities$1,196,901$1,287,477▲ $90,576
Mortgage Notes Payable Secured by Investment Property$248,000$248,000→ $0
Accounts Payable and Accrued Expenses$6,524$5,829▼ $695
Total Liabilities$1,451,425$1,541,306▲ $89,881
Net Assets / Fund Balance
Total Net Assets Fund Balance$515,691$514,153▼ $1,538
Total Liabilities and Net Assets / Fund Balance$1,967,116$2,055,459▲ $88,343

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$9,341$9,341
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Adam DavisBoard Member
Diana PenningtonBoard Member
Jim RainboltBoard Member
Randy DavisBoard Member
Raymond WhiteBoard Member
Rex MaloneBoard Member
Sharron SeayBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$77,569
Investment Income
$6,993
Other Revenue
$0
Change in Net Assets
$-1,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,317
Salaries, Compensation, and Employee Benefits$26,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$24,936
Office Expenses---$9,030
Insurance---$6,860
Interest---$4,487
Other Expenses---$4,398
Payroll Taxes---$1,847
All Other Expenses---$1,724
Total Functional Expenses$0$0$0$86,100
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 Deposits$1,287,477
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Randy davis diana pennington board member board member brother/sister randy davis adam davis board member board member uncle/nephew diane pennington adam davis board member board member aunt/nephew”

Form 990, Page 6, Part VI, Line 6

“All depositors are considered members.”

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

“The credit union members elect on an annual basis the members of the board of directors.”

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

“Any proposed mergers must be approved by a majority of the membership.”

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

“No review was or will be conducted.”

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

“The board of directors completes an employee evaluation on the ceo on an annual basis. The employee evaluation is discussed at the board meeting, a motion is made as to the level of compensation and then voted on by the board. The last evaluation was conducted in december 2020.”

Form 990, Page 6, Part VI, Line 19

“The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

Filer Name
S E C U Credit Union
EIN
42-6077674
Phone
3195244560
Address
3200 MAIN ST, KEOKUK, IA 52632

Signing Officer

Name
Jill Buckert
Title
Manager
Phone
3195244560
Signed
2021-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Buckert
Formed
1963
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Petersen & Associates
Address
506 E GOLD COAST RD STE 100, PAPILLION, NE 68046-4790
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“N/A”

Raw XML Appendix309 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06524
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05829
IRS990/AccountsReceivableGrp/BOYAmt01383
IRS990/AccountsReceivableGrp/EOYAmt01642
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0STATE CHARTERED CREDIT UNION
IRS990/AllOtherExpensesGrp/TotalAmt01724
IRS990/BooksInCareOfDetail/PersonNm0JILL BUCKERT
IRS990/BooksInCareOfDetail/PhoneNum03195244560
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03200 MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0KEOKUK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052632
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt058
IRS990/CashNonInterestBearingGrp/EOYAmt058
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06993
IRS990/CYOtherExpensesAmt059317
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt077569
IRS990/CYRevenuesLessExpensesAmt0-1538
IRS990/CYSalariesCompEmpBnftPaidAmt026783
IRS990/CYTotalExpensesAmt086100
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt084562
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm1RANDY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm2REX MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm3DIANA PENNINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM RAINBOLT
IRS990/Form990PartVIISectionAGrp/PersonNm5SHARRON SEAY
IRS990/Form990PartVIISectionAGrp/PersonNm6RAYMOND WHITE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt084562
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt06860
IRS990/InterestGrp/TotalAmt04487
IRS990/InvestmentIncomeGrp/ExclusionAmt06993
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06993
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt059
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09341
IRS990/LandBldgEquipCostOrOtherBssAmt09341
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0248000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0248000
IRS990/NetAssetsOrFundBalancesBOYAmt0515691
IRS990/NetAssetsOrFundBalancesEOYAmt0514153
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt09030
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020236
IRS990/OtherAssetsTotalGrp/EOYAmt027298
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/TotalAmt019534
IRS990/OtherExpensesGrp/TotalAmt18139
IRS990/OtherExpensesGrp/TotalAmt25145
IRS990/OtherExpensesGrp/TotalAmt34398
IRS990/OtherLiabilitiesGrp/BOYAmt01196901
IRS990/OtherLiabilitiesGrp/EOYAmt01287477
IRS990/OtherSalariesAndWagesGrp/TotalAmt024936
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01410017
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01146750
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt01847
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0116011
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0116011
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0289
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0-291
IRS990/PrincipalOfficerNm0JILL BUCKERT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt071006
IRS990/ProgramServiceRevenueGrp/ExclusionAmt15137
IRS990/ProgramServiceRevenueGrp/ExclusionAmt21426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt071006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21426
IRS990/ProgSrvcAccomActyOtherGrp/Desc0N/A
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt011821
IRS990/PYOtherExpensesAmt059362
IRS990/PYProgramServiceRevenueAmt085030
IRS990/PYRevenuesLessExpensesAmt08920
IRS990/PYSalariesCompEmpBnftPaidAmt028569
IRS990/PYTotalExpensesAmt087931
IRS990/PYTotalRevenueAmt096851
IRS990/ReconcilationRevenueExpnssAmt0-1538
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0399680
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0398142
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0535133
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0880002
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01287477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalLiabilityAmt01287477
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RANDY DAVIS DIANA PENNINGTON BOARD MEMBER BOARD MEMBER BROTHER/SISTER RANDY DAVIS ADAM DAVIS BOARD MEMBER BOARD MEMBER UNCLE/NEPHEW DIANE PENNINGTON ADAM DAVIS BOARD MEMBER BOARD MEMBER AUNT/NEPHEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS COMPLETES AN EMPLOYEE EVALUATION ON THE CEO ON AN ANNUAL BASIS. THE EMPLOYEE EVALUATION IS DISCUSSED AT THE BOARD MEETING, A MOTION IS MADE AS TO THE LEVEL OF COMPENSATION AND THEN VOTED ON BY THE BOARD. THE LAST EVALUATION WAS CONDUCTED IN DECEMBER 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01967116
IRS990/TotalAssetsEOYAmt02055459
IRS990/TotalAssetsGrp/BOYAmt01967116
IRS990/TotalAssetsGrp/EOYAmt02055459
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt086100
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01451425
IRS990/TotalLiabilitiesEOYAmt01541306
IRS990/TotalLiabilitiesGrp/BOYAmt01451425
IRS990/TotalLiabilitiesGrp/EOYAmt01541306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0515691
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0514153
IRS990/TotalProgramServiceRevenueAmt077569
IRS990/TotalRevenueGrp/ExclusionAmt084562
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084562
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01967116
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02055459
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03200 MAIN ST
IRS990/USAddress/CityNm0KEOKUK
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052632
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL BUCKERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum03195244560
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0S E C U CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SECU
ReturnHeader/Filer/EIN0426077674
ReturnHeader/Filer/PhoneNum03195244560
ReturnHeader/Filer/USAddress/AddressLine1Txt03200 MAIN ST
ReturnHeader/Filer/USAddress/CityNm0KEOKUK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052632
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 E GOLD COAST RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680464790
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02021-05-17T07:56:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JILL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUCKERT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,055,459
Liabilities
$1,541,306
Net assets
$514,153
Revenue
$84,562
Expenses
$86,100
Net income
-$1,538
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$1.09$0.57$0.11$0.07$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$1.19$0.50$0.07$0.09$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$1.65$0.51$0.06$0.07$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.06$1.54$0.51$0.08$0.09$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$1.45$0.52$0.10$0.09$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$1.47$0.51$0.10$0.08$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$1.62$0.48$0.09$0.07$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.65$0.46$0.07$0.08$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.12$1.65$0.47$0.08$0.08$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.99$1.51$0.47$0.09$0.08$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.89$1.43$0.46$0.09$0.08$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.41$0.45$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.21$0.38$0.08