Civic Intelligence

Together Credit Union

990 • Fiscal year 2017 • EIN 43-0160998

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 12, 2018

1001 Lynch StreetSaint Louis, MO 63118-1818

(314) 771-7700

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.91x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

17.56x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Net Margin

1st percentile

-15%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$1,222,509

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Asset Growth

10th percentile

2.7%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

9th percentile

4.2%

Faster revenue growth than 9% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,661,974,372

Up $42,949,388 (+2.7%) from 2016

Net Assets

Down

$157,740,208

Down $11,060,231 (-6.6%) from 2016

Liabilities

Up

$1,504,234,164

Up $54,009,619 (+3.7%) from 2016

Revenue

Up

$85,674,955

Up $3,461,086 (+4.2%) from 2016

Expenses

Up

$98,789,412

Up $28,314,058 (+40%) from 2016

Net Income

Down

-$13,114,457

Down $24,852,972 (-212%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2010: $1,276,258,233Liabilities 2010: $1,164,406,459Net Assets 2010: $111,851,7742010Assets 2011: $1,322,978,801Liabilities 2011: $1,205,549,780Net Assets 2011: $117,429,0212011Assets 2012: $1,395,672,429Liabilities 2012: $1,265,092,351Net Assets 2012: $130,580,0782012Assets 2013: $1,412,554,632Liabilities 2013: $1,276,145,343Net Assets 2013: $136,409,2892013Assets 2014: $1,448,392,932Liabilities 2014: $1,303,924,905Net Assets 2014: $144,468,0272014Assets 2015: $1,552,518,987Liabilities 2015: $1,396,093,651Net Assets 2015: $156,425,3362015Assets 2016: $1,619,024,984Liabilities 2016: $1,450,224,545Net Assets 2016: $168,800,4392016Assets 2017: $1,661,974,372Liabilities 2017: $1,504,234,164Net Assets 2017: $157,740,2082017Assets 2019: $1,825,507,133Liabilities 2019: $1,637,592,474Net Assets 2019: $187,914,6592019Assets 2020: $2,107,521,700Liabilities 2020: $1,904,270,282Net Assets 2020: $203,251,4182020Assets 2021: $2,310,446,798Liabilities 2021: $2,092,542,241Net Assets 2021: $217,904,5572021Assets 2022: $2,446,406,107Liabilities 2022: $2,255,490,599Net Assets 2022: $190,915,5082022Assets 2023: $2,417,889,259Liabilities 2023: $2,216,522,080Net Assets 2023: $201,367,1792023Assets 2024: $2,526,424,909Liabilities 2024: $2,315,552,289Net Assets 2024: $210,872,6202024

Highlighted filing

2017

Assets$1,661,974,372
Liabilities$1,504,234,164
Net Assets$157,740,208

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $67,952,1422010Expenses 2011: $67,793,4012011Expenses 2012: $66,622,3402012Revenue 2013: $74,340,430Expenses 2013: $64,700,037Net Income 2013: $9,640,3932013Revenue 2014: $75,638,941Expenses 2014: $67,891,650Net Income 2014: $7,747,2912014Revenue 2015: $78,043,026Expenses 2015: $71,166,836Net Income 2015: $6,876,1902015Revenue 2016: $82,213,869Expenses 2016: $70,475,354Net Income 2016: $11,738,5152016Revenue 2017: $85,674,955Expenses 2017: $98,789,412Net Income 2017: -$13,114,4572017Revenue 2019: $109,073,449Expenses 2019: $94,556,170Net Income 2019: $14,517,2792019Revenue 2020: $109,407,246Expenses 2020: $95,580,383Net Income 2020: $13,826,8632020Revenue 2021: $107,418,867Expenses 2021: $86,638,223Net Income 2021: $20,780,6442021Revenue 2022: $110,258,983Expenses 2022: $102,394,402Net Income 2022: $7,864,5812022Revenue 2023: $135,539,350Expenses 2023: $129,554,257Net Income 2023: $5,985,0932023Revenue 2024: $158,756,041Expenses 2024: $152,262,812Net Income 2024: $6,493,2292024

Highlighted filing

2017

Revenue$85,674,955
Expenses$98,789,412
Net Income-$13,114,457
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 12, 2018
Return Version
2017v2.0
Gross Receipts
$85,674,955
Mission and Program Overview

Mission

All activities pertain to a State Chartered Credit Union that provides deposit and lending services to its members, which are approximately 114,741.

All activities pertain to a state chartered credit union that provides deposit and lending services to its members, which are approximately 125,000.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,333,550,329$1,412,780,940▲ $79,230,611
Rtn Earn Endowment Incm Other Fnds$168,800,439$157,740,208▼ $11,060,231
Investments in Publicly Traded Securities$178,808,938$132,572,102▼ $46,236,836
Land, Buildings, and Equipment, Net$41,755,595$40,898,853▼ $856,742
Prepaid Expenses and Deferred Charges$14,965,852$14,711,215▼ $254,637
Cash and Non-Interest-Bearing Accounts$7,296,186$7,265,904▼ $30,282
Savings and Temporary Cash Investments$4,927,842$4,221,824▼ $706,018
Receivables From Officers Etc$2,833,500$4,006,848▲ $1,173,348
Accounts Receivable$4,897,149$3,701,887▼ $1,195,262
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$1,619,024,984$1,661,974,372▲ $42,949,388
Other Assets Total$29,989,593$41,814,799▲ $11,825,206
Liabilities
Other Liabilities$1,416,902,554$1,449,409,711▲ $32,507,157
Accounts Payable and Accrued Expenses$11,776,497$33,453,576▲ $21,677,079
Mortgage Notes Payable Secured by Investment Property$21,000,000$21,000,000→ $0
Deferred Revenue$545,494$370,877▼ $174,617
Total Liabilities$1,450,224,545$1,504,234,164▲ $54,009,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$168,800,439$157,740,208▼ $11,060,231
Total Liabilities and Net Assets / Fund Balance$1,619,024,984$1,661,974,372▲ $42,949,388

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,417,239$13,682,490$35,099,729
Equipment$5,175,138$15,868,766$21,043,904
Land$13,989,217-$13,989,217
Leasehold Improvements$317,259$897,660$1,214,919
Other Land Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
R McKayPresident/CEOFT$655,541$566,968$1,222,509
M DoughertyCLOFT$295,301$203,207$498,508
R KampwerthCFOFT$317,664$154,711$472,375
P AlsupSVPFT$206,543$62,243$268,786
A ThompsonChroFT$213,702$47,389$261,091
J HuxleyCROFT$235,237$19,448$254,685
P DicusVP-$188,826$46,635$235,461
J CurdtVPFT$175,495$54,070$229,565
M Imo-MoffittMloFT$187,855$29,569$217,424
E SmithVPFT$148,170$56,116$204,286
P SheahanVPFT$176,289$22,687$198,976
M JacksonVPFT$160,952$28,406$189,358
T KrausCMOFT$157,239$21,280$178,519
D TateAvpFT$130,800$43,402$174,202
M TornatoreVPFT$135,971$26,776$162,747
J BrunoVPFT$118,846$39,403$158,249
L SewellVPFT$114,555$41,073$155,628
J SchrothVPFT$114,316$25,048$139,364
M WerkmeisterAvpFT$106,971$31,580$138,551
P AndersonVPFT$100,269$35,742$136,011
J MoranVPFT$104,073$29,328$133,401
S GardnerMloFT$104,676$22,458$127,134
M CannesVPFT$100,221$24,764$124,985
C KlugesherzAvpFT$110,923$11,712$122,635
K KallemeierMloFT$112,354$10,181$122,535
C KlaukeBoard Member (Emeritus)-$5,297-$5,297
S StobbsBoard Member-$2,045-$2,045
F KuhnBoard Member (Emeritus)-$1,846-$1,846
R KrausBoard Member-$961-$961

Board Members and Trustees

NameTitle
A DierkesBoard Member
B RickmanBoard Member
B TuffliBoard Member
J FugelBoard Member
J KnapperBoard Member
M ChapmanBoard Member
M HarrisBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$82,676,544
Investment Income
$2,798,959
Other Revenue
$199,452
Change in Net Assets
$-13,114,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,674,955
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$85,674,955
Total Revenue per Form 990
$85,674,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,226,993
Salaries, Compensation, and Employee Benefits$29,562,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$19,988,000
Other Salaries and Wages---$16,575,032
Interest---$6,752,860
Office Expenses---$6,400,760
Other Employee Benefits---$5,217,961
Current Officers, Directors, Trustees, and Key Employees---$4,472,789
Depreciation Depletion---$3,549,308
Information Technology---$3,240,527
All Other Expenses---$2,426,418
Occupancy---$2,072,259
Pension Plan Contributions---$1,809,024
Payroll Taxes---$1,487,613
Advertising---$1,320,347
Fees for Services Legal---$637,469
Fees for Services Management---$472,998
Conferences and Meetings---$337,119
Travel---$337,119
Insurance---$258,550
Fees for Services Accounting---$242,481
Total Functional Expenses$0$0$0$98,789,412

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$98,789,412
Total Expenses per Audited Statements$98,789,412
Total Expenses per Form 990$98,789,412
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,833,500$4,006,848▲ $1,173,348
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Money Market Accounts$582,709,512
Savings Accounts$289,130,764
Checking Accounts$245,127,111
Certificates of Deposit$203,310,423
IRA Accounts$129,131,901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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

The credit union has approximately 125,000 members

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

The Board of Directors are elected positions that are voted on by the general membership at the Annual Membership Meeting

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

The IRS Form 990 is completed and then reviewed by two SVP's before submitting.

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

Our internal auditors review on a regular basis for compliance with company policies and regulations as do State and Federal examiners.

Form 990, Part VI, Section B, Line 15

We have an independent third party review all job grades and job descriptions to determine compensation and it is also compared to peer data from like-size organizations.

Form 990, Part VI, Section C, Line 19

The Form 990 is available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Anheuser-Busch Employees' Credit Union
EIN
43-0160998
Phone
3147717700
Address
1001 Lynch Street, Saint Louis, MO 63118-1818

Signing Officer

Name
Ron Kampwerth
Title
CFO
Phone
3146579400
Signed
2018-04-12

Organization Details

Principal Officer
Robert McKay
Formed
1939
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
475
Volunteers
0
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9President/CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt30AVP
IRS990/Form990PartVIISectionAGrp/TitleTxt31AVP
IRS990/Form990PartVIISectionAGrp/TitleTxt32MLO
IRS990/Form990PartVIISectionAGrp/TitleTxt33Board Member (Emeritus)
IRS990/Form990PartVIISectionAGrp/TitleTxt34Board Member (Emeritus)
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,526$2,316$211$159$152$6.49
2023Detailed filing. Detailed filing data is available for this year.$2,418$2,217$201$136$130$5.99
2022Detailed filing. Detailed filing data is available for this year.$2,446$2,255$191$110$102$7.86
2021Detailed filing. Detailed filing data is available for this year.$2,310$2,093$218$107$86.6$20.8
2020Detailed filing. Detailed filing data is available for this year.$2,108$1,904$203$109$95.6$13.8
2019Detailed filing. Detailed filing data is available for this year.$1,826$1,638$188$109$94.6$14.5
2017Detailed filing. Detailed filing data is available for this year.$1,662$1,504$158$85.7$98.8$13.1
2016Detailed filing. Detailed filing data is available for this year.$1,619$1,450$169$82.2$70.5$11.7
2015Detailed filing. Detailed filing data is available for this year.$1,553$1,396$156$78.0$71.2$6.88
2014Detailed filing. Detailed filing data is available for this year.$1,448$1,304$144$75.6$67.9$7.75
2013Detailed filing. Detailed filing data is available for this year.$1,413$1,276$136$74.3$64.7$9.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,396$1,265$131$66.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,323$1,206$117$67.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,276$1,164$112$68.0
Peer Organizations

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