Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.83x
Liabilities / Revenue
24th percentile
Higher debt load relative to revenue than 24% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 15.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Balance Sheet
Assets
Down$11,109,305
Down $481,045 (-4.2%) from 2013
Net Assets
Down$1,841,477
Down $189,894 (-9.3%) from 2013
Liabilities
Down$9,267,828
Down $291,151 (-3.0%) from 2013
Revenue And Expenses
Revenue
Up$637,487
Up $49,837 (+8.5%) from 2013
Expenses
Up$747,192
Up $39,181 (+5.5%) from 2013
Net Income
Up-$109,705
Up $10,656 (+8.9%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Mar 25, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $637,487
Mission and Program Overview
Mission
To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the credit union.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $5,299,023 | $5,992,677 | ▲ $693,654 |
| Savings and Temporary Cash Investments | $5,799,804 | $4,629,985 | ▼ $1,169,819 |
| Rtn Earn Endowment Incm Other Fnds | $2,031,371 | $1,841,477 | ▼ $189,894 |
| Cash and Non-Interest-Bearing Accounts | $271,772 | $269,973 | ▼ $1,799 |
| Land, Buildings, and Equipment, Net | $33,557 | $32,398 | ▼ $1,159 |
| Prepaid Expenses and Deferred Charges | $29,507 | $21,411 | ▼ $8,096 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $11,590,350 | $11,109,305 | ▼ $481,045 |
| Other Assets Total | $156,687 | $162,861 | ▲ $6,174 |
| Liabilities | |||
| Other Liabilities | $9,421,559 | $9,146,279 | ▼ $275,280 |
| Accounts Payable and Accrued Expenses | $137,420 | $121,549 | ▼ $15,871 |
| Total Liabilities | $9,558,979 | $9,267,828 | ▼ $291,151 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,031,371 | $1,841,477 | ▼ $189,894 |
| Total Liabilities and Net Assets / Fund Balance | $11,590,350 | $11,109,305 | ▼ $481,045 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $32,013 | $175,281 | $207,294 |
| Leasehold Improvements | $385 | $50,796 | $51,181 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Sookie Cunningham | President | FT | $70,830 | $24,791 | $95,621 |
Board Members and Trustees
| Name | Title |
|---|---|
| Fred Simshauser | Chairman |
| Timothy Souers | Board Member / Vice Chairman |
| Melvin Bardon Jr | Vice Chairman / Chairman |
| Herbert Wolf | Board Member |
| Mike Bushman | Board Member |
| Nancy Bardon | Board Member |
| Carolyn Simshauser | Secretary |
| Keith Huels | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $597,597
- Investment Income
- $36,032
- Other Revenue
- $3,858
- Change in Net Assets
- $-109,705
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $456,063 |
| Salaries, Compensation, and Employee Benefits | $290,873 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $147,705 |
| Fees for Services Other | - | - | - | $121,921 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $95,621 |
| Office Expenses | - | - | - | $66,647 |
| Information Technology | - | - | - | $56,603 |
| Occupancy | - | - | - | $51,394 |
| Depreciation Depletion | - | - | - | $27,221 |
| Payroll Taxes | - | - | - | $18,992 |
| Other Employee Benefits | - | - | - | $17,848 |
| Advertising | - | - | - | $16,250 |
| Pension Plan Contributions | - | - | - | $10,707 |
| Insurance | - | - | - | $10,599 |
| Fees for Services Accounting | - | - | - | $9,606 |
| Other Expenses | - | - | - | $9,325 |
| All Other Expenses | - | - | - | $2,195 |
| Conferences and Meetings | - | - | - | $1,851 |
| Benefits to Members | - | - | - | $256 |
| Total Functional Expenses | $0 | $0 | $0 | $747,192 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Share Deposits | $9,146,279 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- 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, Part VI, Section A, Line 2
“Melvin bardon jr. (vice chairman/chairman) and nancy bardon (board member) are related by marriage.”
Form 990, Part VI, Section A, Line 4
“In 2014, the credit union amended its bylaws to reflect an expansion of the field of membership. The amendment was filed with and approved by the missouri division of credit unions, as required.”
Form 990, Part VI, Section A, Line 6
“The credit union is mutually owned by members.”
Form 990, Part VI, Section A, Line 7A
“The board of directors are elected by the credit union members.”
Form 990, Part VI, Section A, Line 7B
“Certain significant changes are subject to approval by the credit union members. In 2014, members voted to approve amending the bylaws expanding the field of membership to include those persons, corporations, societies, associations, and co-partnerships who live or work in st. Louis county.”
Form 990, Part VI, Section B, Line 11
“The president reviews the form 990 before filing.”
Form 990, Part VI, Section B, Line 15
“The board of directors reviews and approves the president's compensation using various information, including a compensation study/survey. All other employees' compensation is determined by the president and is included in the budget presented to the board for approval. The board's deliberations and decisions are documented in the minutes.”
Form 990, Part VI, Section C, Line 19
“Financial statements are presented at the annual meeting and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies, and procedures are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Midwest Credit Union
- EIN
- 43-6034138
- Phone
- 3148372500
- Address
- PO BOX 839, FLORISSANT, MO 63032-0839
Signing Officer
- Name
- Sookie Cunningham
- Title
- President
- Phone
- 3148372500
- Signed
- 2015-03-25
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Sookie Cunningham
- Formed
- 1941
- Legal Domicile
- Mo
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 8
- Volunteers
- 9
Preparer
- Firm
- Stephen Lang & Associates LLC
- Address
- 14323 S OUTER 40 STE N205, CHESTERFIELD, MO 63017
- Phone
- 3142058601
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“In 2014, the credit union restructured and expanded its credit card program, making it more appealing to members.”
Form 990, Part IX, Line 11G
“Debit, visa, atm card program services 72,742. Other professional & outside services 49,179.”
FORM 990, PART XI, LINE 9:
“Change in accumulated other comprehensive income (fas 158) -80,189.”
Raw XML Appendix364 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 |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 137420 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 121549 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 16250 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2195 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 256 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | SOOKIE CUNNINGHAM |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3148372500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 11 FLOWER VALLEY SHOPPING CTR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FLORISSANT |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MO |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 630331644 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 271772 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 269973 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 95621 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1851 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 256 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 36032 |
| IRS990/CYOtherExpensesAmt | 0 | 456063 |
| IRS990/CYOtherRevenueAmt | 0 | 3858 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 597597 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -109705 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 290873 |
| IRS990/CYTotalExpensesAmt | 0 | 747192 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 637487 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 27221 |
| IRS990/Desc | 0 | PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 2,670 MEMBERS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9606 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 121921 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 24791 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | FRED SIMSHAUSER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | MELVIN BARDON JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CAROLYN SIMSHAUSER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KEITH HUELS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NANCY BARDON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MIKE BUSHMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | TIMOTHY SOUERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | HERBERT WOLF |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | SOOKIE CUNNINGHAM |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 70830 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN / CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER / VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/Form990TFiledInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1941 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 637487 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 56603 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10599 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 36032 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 36032 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 182 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 226077 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 33557 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 32398 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 258475 |
| IRS990/LegalDomicileStateCd | 0 | MO |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2031371 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1841477 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | -28749 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 51394 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 66647 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 156687 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 162861 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -80189 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 17848 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSS |
| IRS990/OtherExpensesGrp/Desc | 1 | LOAN SERVICING |
| IRS990/OtherExpensesGrp/Desc | 2 | ASSOCIATION DUES |
| IRS990/OtherExpensesGrp/Desc | 3 | MEMBER DIVIDENDS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 48596 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 19604 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 14251 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 9325 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 9421559 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 9146279 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 147705 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 5299023 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 5992677 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 18992 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 10707 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 29507 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 21411 |
| IRS990/PrincipalOfficerNm | 0 | SOOKIE CUNNINGHAM |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522100 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 522100 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST ON LOANS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES & OTHER INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | NON-MEMBER ATM FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | WARRANTY SALES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 294971 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 285748 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 294971 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 287912 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 13139 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 1575 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 2164 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 13139 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 1575 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2014, THERE WERE 851 LOANS OUTSTANDING TOTALING $6,064,063. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $9,325 FOR THE YEAR. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 309 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 35310 |
| IRS990/PYOtherExpensesAmt | 0 | 443699 |
| IRS990/PYOtherRevenueAmt | 0 | 3750 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 548590 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -120361 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 264003 |
| IRS990/PYTotalExpensesAmt | 0 | 708011 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 587650 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -109705 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3858 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 3858 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2031371 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 1841477 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 5799804 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 4629985 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 32013 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 175281 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 207294 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 385 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 50796 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 51181 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 9146279 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE DEPOSITS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 32398 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 9146279 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IN 2014, THE CREDIT UNION RESTRUCTURED AND EXPANDED ITS CREDIT CARD PROGRAM, MAKING IT MORE APPEALING TO MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MELVIN BARDON JR. (VICE CHAIRMAN/CHAIRMAN) AND NANCY BARDON (BOARD MEMBER) ARE RELATED BY MARRIAGE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IN 2014, THE CREDIT UNION AMENDED ITS BYLAWS TO REFLECT AN EXPANSION OF THE FIELD OF MEMBERSHIP. THE AMENDMENT WAS FILED WITH AND APPROVED BY THE MISSOURI DIVISION OF CREDIT UNIONS, AS REQUIRED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS. IN 2014, MEMBERS VOTED TO APPROVE AMENDING THE BYLAWS EXPANDING THE FIELD OF MEMBERSHIP TO INCLUDE THOSE PERSONS, CORPORATIONS, SOCIETIES, ASSOCIATIONS, AND CO-PARTNERSHIPS WHO LIVE OR WORK IN ST. LOUIS COUNTY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE PRESIDENT REVIEWS THE FORM 990 BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION USING VARIOUS INFORMATION, INCLUDING A COMPENSATION STUDY/SURVEY. ALL OTHER EMPLOYEES' COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS INCLUDED IN THE BUDGET PRESENTED TO THE BOARD FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | DEBIT, VISA, ATM CARD PROGRAM SERVICES 72,742. OTHER PROFESSIONAL & OUTSIDE SERVICES 49,179. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME (FAS 158) -80,189. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | FORM 990, PART XI, LINE 9: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 1 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 11590350 |
| IRS990/TotalAssetsEOYAmt | 0 | 11109305 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 11590350 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 11109305 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalEmployeeCnt | 0 | 8 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 747192 |
| IRS990/TotalGrossUBIAmt | 0 | 16878 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 9558979 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 9267828 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 9558979 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 9267828 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2031371 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1841477 |
| IRS990/TotalOtherCompensationAmt | 0 | 24791 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 597597 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 70830 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 620609 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 637487 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 16878 |
| IRS990/TotalVolunteersCnt | 0 | 9 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 11590350 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 11109305 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 1 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 839 |
| IRS990/USAddress/CityNm | 0 | FLORISSANT |
| IRS990/USAddress/StateAbbreviationCd | 0 | MO |
| IRS990/USAddress/ZIPCd | 0 | 630320839 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.MIDWESTCU.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SOOKIE CUNNINGHAM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3148372500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-03-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MIDWEST CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MIDW |
| ReturnHeader/Filer/EIN | 0 | 436034138 |
| ReturnHeader/Filer/PhoneNum | 0 | 3148372500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 839 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FLORISSANT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MO |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 630320839 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 431887384 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | STEPHEN LANG & ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 14323 S OUTER 40 STE N205 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHESTERFIELD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 63017 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3142058601 |
| ReturnHeader/ReturnTs | 0 | 2015-03-25T14:55:10-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
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.
- Assets
- $11,109,305
- Liabilities
- $9,267,828
- Net assets
- $1,841,477
- Revenue
- $637,487
- Expenses
- $747,192
- Net income
- -$109,705