Civic Intelligence

Alliance Credit Union

990 • Fiscal year 2017 • EIN 43-0658202

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

1280 S Highway DriveFenton, MO 63026-1913

(636) 343-7005

Siviq Scores

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

Liabilities / Assets

65th percentile

0.90x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

17.16x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Net Margin

47th percentile

13%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

31st percentile

$335,538

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2017

Asset Growth

79th percentile

10%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

15%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Assets

Up

$261,740,765

Up $24,015,642 (+10%) from 2016

Net Assets

Up

$25,273,710

Up $2,531,603 (+11%) from 2016

Liabilities

Up

$236,467,055

Up $21,484,039 (+10.0%) from 2016

Revenue

Up

$13,783,518

Up $1,824,832 (+15%) from 2016

Expenses

Up

$12,044,493

Up $1,613,827 (+15%) from 2016

Net Income

Up

$1,739,025

Up $211,005 (+14%) from 2016

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $177,063,853Liabilities 2010: $162,389,574Net Assets 2010: $14,674,2792010Assets 2011: $183,243,892Liabilities 2011: $168,268,506Net Assets 2011: $14,975,3862011Assets 2012: $196,737,270Liabilities 2012: $180,709,696Net Assets 2012: $16,027,5742012Assets 2013: $212,796,235Liabilities 2013: $195,530,107Net Assets 2013: $17,266,1282013Assets 2014: $222,989,318Liabilities 2014: $202,707,345Net Assets 2014: $20,281,9732014Assets 2015: $222,446,064Liabilities 2015: $201,231,977Net Assets 2015: $21,214,0872015Assets 2016: $237,725,123Liabilities 2016: $214,983,016Net Assets 2016: $22,742,1072016Assets 2017: $261,740,765Liabilities 2017: $236,467,055Net Assets 2017: $25,273,7102017Assets 2018: $281,853,804Liabilities 2018: $254,498,962Net Assets 2018: $27,354,8422018Assets 2019: $311,983,158Liabilities 2019: $282,146,166Net Assets 2019: $29,836,9922019Assets 2020: $367,476,135Liabilities 2020: $335,091,860Net Assets 2020: $32,384,2752020Assets 2021: $375,125,744Liabilities 2021: $340,036,591Net Assets 2021: $35,089,1532021Assets 2023: $390,251,724Liabilities 2023: $349,969,131Net Assets 2023: $40,282,5932023Assets 2024: $374,511,521Liabilities 2024: $331,574,136Net Assets 2024: $42,937,3852024

Highlighted filing

2017

Assets$261,740,765
Liabilities$236,467,055
Net Assets$25,273,710

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $9,097,4932010Expenses 2011: $8,585,2582011Expenses 2012: $8,269,1922012Revenue 2013: $9,494,322Expenses 2013: $8,359,943Net Income 2013: $1,134,3792013Revenue 2014: $11,254,836Expenses 2014: $9,931,176Net Income 2014: $1,323,6602014Revenue 2015: $11,786,395Expenses 2015: $10,243,277Net Income 2015: $1,543,1182015Revenue 2016: $11,958,686Expenses 2016: $10,430,666Net Income 2016: $1,528,0202016Revenue 2017: $13,783,518Expenses 2017: $12,044,493Net Income 2017: $1,739,0252017Revenue 2018: $15,884,023Expenses 2018: $13,802,892Net Income 2018: $2,081,1312018Revenue 2019: $17,381,795Expenses 2019: $14,899,645Net Income 2019: $2,482,1502019Revenue 2020: $16,286,305Expenses 2020: $13,991,660Net Income 2020: $2,294,6452020Revenue 2021: $16,401,673Expenses 2021: $13,696,794Net Income 2021: $2,704,8792021Revenue 2023: $19,315,852Expenses 2023: $17,114,240Net Income 2023: $2,201,6122023Revenue 2024: $22,307,413Expenses 2024: $19,770,705Net Income 2024: $2,536,7082024

Highlighted filing

2017

Revenue$13,783,518
Expenses$12,044,493
Net Income$1,739,025
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.3
Gross Receipts
$17,249,662
Mission and Program Overview

Mission

Provide competive financial services and products that deliver value and enrich the lives of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$206,103,213$222,424,733▲ $16,321,520
Land, Buildings, and Equipment, Net$10,791,129$11,078,771▲ $287,642
Investments Other Securities$5,121,800$6,872,500▲ $1,750,700
Savings and Temporary Cash Investments$1,257,234$4,237,157▲ $2,979,923
Cash and Non-Interest-Bearing Accounts$2,390,969$3,020,427▲ $629,458
Receivables From Officers Etc$1,863,551$1,787,967▼ $75,584
Inventories for Sale or Use$1,108,969$1,075,000▼ $33,969
Prepaid Expenses and Deferred Charges$653,092$1,020,241▲ $367,149
Investments in Publicly Traded Securities$1,226$1,052▼ $174
Total Assets$237,725,123$261,740,765▲ $24,015,642
Other Assets Total$8,433,940$10,222,917▲ $1,788,977
Liabilities
Other Liabilities$179,446,813$205,769,888▲ $26,323,075
Unsecured Notes Loans Payable$32,567,800$26,480,300▼ $6,087,500
Accounts Payable and Accrued Expenses$2,748,697$3,960,389▲ $1,211,692
Escrow Account Liability$219,706$244,069▲ $24,363
Deferred Revenue-$12,409-
Total Liabilities$214,983,016$236,467,055▲ $21,484,039
Net Assets / Fund Balance
Unrestricted Net Assets$16,554,712$18,293,738▲ $1,739,026
Permanently Rstr Net Assets$6,187,395$6,979,972▲ $792,577
Total Net Assets Fund Balance$22,742,107$25,273,710▲ $2,531,603
Total Liabilities and Net Assets / Fund Balance$237,725,123$261,740,765▲ $24,015,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,035,883$2,497,477$8,533,360
Land$4,283,623-$4,283,623
Equipment$507,963$541,552$1,049,515
Other Land Buildings$251,302$764,500$1,015,802
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Timothy F StephensPresident &$271,840$63,698$335,538
Timothy F StephensPresident & CEO$236,628$98,910$335,538
Frank EvansVP of Hr$107,956$30,688$138,644
Sean ChambersVP of Operat$107,888$30,494$138,382
Ken BellamyCFO$106,647$30,323$136,970
Debbie SmithAvp of Accou$88,010$19,229$107,239
-Avp Internal$78,099$6,351$84,450

Board Members and Trustees

NameTitle
Mr Robert W HaulBoard Chairm
Mr Robert L TaylorVice Chairma
Ben J HegvikBoard Member
Mr Gary RottlerBoard Member
Mr Marshall Watkins JrBoard Member
Mr Larry MarkosSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,609,335
Investment Income
$70,426
Other Revenue
$103,757
Change in Net Assets
$1,739,025

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,783,518
Total Revenue per Audited Statements
$13,783,518
Total Revenue per Form 990
$13,783,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,605,379
Salaries, Compensation, and Employee Benefits$4,439,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,472,299
All Other Expenses---$1,185,211
Interest---$839,067
Information Technology---$592,974
Depreciation Depletion---$536,172
Other Expenses---$412,628
Other Employee Benefits---$376,343
Fees for Services Other---$355,852
Pension Plan Contributions---$329,135
Advertising---$284,257
Payroll Taxes---$261,337
Occupancy---$193,825
Office Expenses---$185,399
Insurance---$52,908
Fees for Services Accounting---$16,008
Fees for Services Legal---$7,793
Conferences and Meetings---$6,361
Travel---$3,581
Total Functional Expenses$0$0$0$12,044,493

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,044,493
Expenses per Audited Statements$11,984,652
Total Expenses per Audited Statements$11,984,652
Expenses Not Reported on Financial Statements$59,841
Other Expense Adjustments$59,841
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$1,863,551$1,787,967▼ $75,584
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposit Accounts$205,769,888
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
Yes
Business relationship with organization members
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Credit union that is member driven coop. Organized for the financial and lending needs of its members.

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

An annual membership meeting is held in march, where elegible members have the right to nominate and vote on election of board members. Generally, two board members positions are voted on to serve a term of three years. There are presently 7 board members on the governing board.

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

Any field of membership changes or additions and/or bylaw changes.

Form 990, Page 6, Part VI, Line 9

Keith mohl mr jerry goldstein dale hoepfinger

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

The avp of accounting reviews form 990 with the ceo and vp of finance, before it is submitted to the irs. The ceo/vp of finance reviews a filed copy of form 990 with the chairman of the board after it is submitted. The ceo/vp of finance advises all of the board of directors that a hard copy of form 990 is available for their review - this is usually done at the first board meeting after it is filed. Our 2016 form 990 report is being made available electronically to all board of directors via a board intranet site.

Form 990, Page 6, Part VI, Line 12C

We have a written conflict of interest incorporated in our code of ethics & conduct which has to be signed by all employees at the time of employment. A separate agreement for board officials has to be signed at the time of board participation.

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

Ceo base compensation is established by the executive committee of the board of directors and included in the ceo's written employment contract, utilizing most recent salary survey data from organizations of similar size and nature. Ceo incentives are also set by the board of directors and are based on ceo performance to predetermined organizational financial goals.

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

Officer base compensation is established by the ceo and human resource vice president, utilizing most recent salary survey data from organizations of similar size and nature (exception - human resource vice president does not participate in setting his own salary). Officer incentives are also based on performance to predetermined organizational financial goals, subject to approval by the ceo and board of directors.

Form 990, Page 6, Part VI, Line 19

The missouri secretary of state's website makes our articles of incorporation and our bylaws available "to the public". Board members responsibilities and how they are elected are described on our public website. Copies of our financial statements are available upon request. At our annual membership meeting year ending reports are made by our chairman & ceo, treasurer and supervisory committee chairman, copies are available "to the public" at our branch offices after the annual meeting.

Filing and Contact Details

Filer

Filer Name
Alliance Credit Union
EIN
43-0658202
Phone
6363437005
Address
1280 S HIGHWAY DRIVE, FENTON, MO 63026-1913

Signing Officer

Name
Timothy F Stephens
Title
President & CEO
Phone
6363437005
Signed
2018-05-11

Organization Details

Principal Officer
Timothy F Stephens
Formed
1948
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
97
Supplemental Narrative

Additional Explanations

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

Our loan results for the year ending 2017 had a 0.38 million increase in net grant loans. We disbursed 3.19 million in grant loan funds.

Form 990, Part XI, Line 9

Incr in equity acquired in merger 792,578 decr in unrealized gain on visa stk 0 total 792,578

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Credit union has escrow accounts for the payment of real estate taxes and home owner's insurance for mortgage loans originated by the credit union.

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 59,841

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IRS990/OtherExpensesGrp/Desc1LOAN SERVIC N COLLECTION
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc3DEBIT CARD EXPENSES
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IRS990/OtherExpensesGrp/TotalAmt1809771
IRS990/OtherExpensesGrp/TotalAmt2808553
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IRS990/ProgramServiceRevenueGrp/Desc3ATM INC FOREIGN NON MEMBER
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt123954
IRS990/ProgSrvcAccomActy2Grp/Desc0OUR DEPOSITS INCREASED FOR THE YEAR ENDING 2017 BY 26,323,000. WE ENDED THE YEAR AT 205.77 MILLION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0834752
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OUR LOAN RESULTS FOR THE YEAR ENDING 2017 HAD A 0.38 MILLION INCREASE IN NET GRANT LOANS. WE DISBURSED 3.19 MILLION IN GRANT LOAN FUNDS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CREDIT UNION HAS ESCROW ACCOUNTS FOR THE PAYMENT OF REAL ESTATE TAXES AND HOME OWNER'S INSURANCE FOR MORTGAGE LOANS ORIGINATED BY THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 59,841
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY F STEPHENS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD OF DIRECT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EXTERMINATOR SERVICE
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd25true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$375$332$42.9$22.3$19.8$2.54
2023Detailed filing. Detailed filing data is available for this year.$390$350$40.3$19.3$17.1$2.20
2021Detailed filing. Detailed filing data is available for this year.$375$340$35.1$16.4$13.7$2.70
2020Detailed filing. Detailed filing data is available for this year.$367$335$32.4$16.3$14.0$2.29
2019Detailed filing. Detailed filing data is available for this year.$312$282$29.8$17.4$14.9$2.48
2018Detailed filing. Detailed filing data is available for this year.$282$254$27.4$15.9$13.8$2.08
2017Detailed filing. Detailed filing data is available for this year.$262$236$25.3$13.8$12.0$1.74
2016Detailed filing. Detailed filing data is available for this year.$238$215$22.7$12.0$10.4$1.53
2015Detailed filing. Detailed filing data is available for this year.$222$201$21.2$11.8$10.2$1.54
2014Detailed filing. Detailed filing data is available for this year.$223$203$20.3$11.3$9.93$1.32
2013Detailed filing. Detailed filing data is available for this year.$213$196$17.3$9.49$8.36$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$181$16.0$8.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$183$168$15.0$8.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$177$162$14.7$9.10