Civic Intelligence

Foundation Credit Union

990 • Fiscal year 2016 • EIN 44-0444355

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 28, 2017

Organization ProfileWWW.FOUNDATIONCREDITUNION.COM

View Organization Page

1726 W ElfindaleSpringfield, MO 65807

(417) 895-2770

Siviq Scores

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

Liabilities / Assets

28th percentile

0.86x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

37.47x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$120,176

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

18th percentile

0.3%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

13%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$63,853,752

Up $163,881 (+0.3%) from 2015

Net Assets

Up

$8,740,255

Up $148,820 (+1.7%) from 2015

Liabilities

Up

$55,113,497

Up $15,061 (+0.0%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin57th percentile

Revenue

Up

$1,471,001

Up $174,193 (+13%) from 2015

Expenses

Up

$1,322,181

Up $313,115 (+31%) from 2015

Net Income

Down

$148,820

Down $138,922 (-48%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$80M$60M$40M$20M$0Assets 2011: $68,677,671Liabilities 2011: $61,395,453Net Assets 2011: $7,282,2182011Assets 2012: $65,352,617Liabilities 2012: $57,567,840Net Assets 2012: $7,784,7772012Assets 2013: $64,885,050Liabilities 2013: $56,843,208Net Assets 2013: $8,041,8422013Assets 2014: $62,951,028Liabilities 2014: $54,647,335Net Assets 2014: $8,303,6932014Assets 2015: $63,689,871Liabilities 2015: $55,098,436Net Assets 2015: $8,591,4352015Assets 2016: $63,853,752Liabilities 2016: $55,113,497Net Assets 2016: $8,740,2552016Assets 2017: $64,370,576Liabilities 2017: $55,416,674Net Assets 2017: $8,953,9022017Assets 2018: $58,342,986Liabilities 2018: $49,329,496Net Assets 2018: $9,013,4902018Assets 2019: $64,428,190Liabilities 2019: $55,286,670Net Assets 2019: $9,141,5202019Assets 2020: $66,261,166Liabilities 2020: $56,923,262Net Assets 2020: $9,337,9042020Assets 2021: $74,462,485Liabilities 2021: $64,740,657Net Assets 2021: $9,721,8282021Assets 2022: $75,745,911Liabilities 2022: $65,591,137Net Assets 2022: $10,154,7742022Assets 2023: $71,528,022Liabilities 2023: $61,297,289Net Assets 2023: $10,230,7332023Assets 2024: $68,300,825Liabilities 2024: $57,877,361Net Assets 2024: $10,423,4642024

Highlighted filing

2016

Assets$63,853,752
Liabilities$55,113,497
Net Assets$8,740,255
Open 2016 Filing

Operations Trend

Revenue Growth90th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $1,172,3312011Expenses 2012: $969,7042012Revenue 2013: $1,356,560Expenses 2013: $1,099,495Net Income 2013: $257,0652013Revenue 2014: $1,288,769Expenses 2014: $1,026,918Net Income 2014: $261,8512014Revenue 2015: $1,296,808Expenses 2015: $1,009,066Net Income 2015: $287,7422015Revenue 2016: $1,471,001Expenses 2016: $1,322,181Net Income 2016: $148,8202016Revenue 2017: $1,689,338Expenses 2017: $1,475,691Net Income 2017: $213,6472017Revenue 2018: $2,005,667Expenses 2018: $1,946,079Net Income 2018: $59,5882018Revenue 2019: $2,059,511Expenses 2019: $1,931,481Net Income 2019: $128,0302019Revenue 2020: $2,063,818Expenses 2020: $1,867,434Net Income 2020: $196,3842020Revenue 2021: $2,280,758Expenses 2021: $1,896,834Net Income 2021: $383,9242021Revenue 2022: $2,698,734Expenses 2022: $2,265,788Net Income 2022: $432,9462022Revenue 2023: $2,883,201Expenses 2023: $2,759,903Net Income 2023: $123,2982023Revenue 2024: $3,405,120Expenses 2024: $3,212,389Net Income 2024: $192,7312024

Highlighted filing

2016

Revenue$1,471,001
Expenses$1,322,181
Net Income$148,820
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,471,001
Mission and Program Overview

Mission

We provide savings accounts and loans to credit union members. These members consist of individuals and their families who work or live in greene, christian, polk, or webster counties.

Established to provide quality financial services to members who share our common bond and exist for the financial benefit of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$21,913,338$26,984,484▲ $5,071,146
Investments Other Securities$26,724,500$26,170,500▼ $554,000
Rtn Earn Endowment Incm Other Fnds$8,591,435$8,740,255▲ $148,820
Savings and Temporary Cash Investments$3,646,208$3,239,024▼ $407,184
Investments in Publicly Traded Securities$8,000,000$3,000,000▼ $5,000,000
Land, Buildings, and Equipment, Net$1,420,635$2,449,196▲ $1,028,561
Cash and Non-Interest-Bearing Accounts$1,356,970$1,381,245▲ $24,275
Investments Program Related$522,211$523,079▲ $868
Prepaid Expenses and Deferred Charges$25,056$30,515▲ $5,459
Total Assets$63,689,871$63,853,752▲ $163,881
Other Assets Total$80,953$75,709▼ $5,244
Liabilities
Other Liabilities$55,050,948$54,958,773▼ $92,175
Accounts Payable and Accrued Expenses$47,488$154,724▲ $107,236
Total Liabilities$55,098,436$55,113,497▲ $15,061
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,591,435$8,740,255▲ $148,820
Total Liabilities and Net Assets / Fund Balance$63,689,871$63,853,752▲ $163,881

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,870,108$153,096$2,023,204
Equipment$177,225$236,890$414,115
Land$401,863-$401,863
Other Securities$26,170,500--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michele L SechlerPresidentFT$109,038$11,138$120,176
Sammie K HermannCFOFT$113,400$6,136$119,536

Board Members and Trustees

NameTitle
Brent ForbesChairman
Jerome RansomVice Chairma
Debbie HickeyBoard Member
Matthew HudsonBoard Member
Forrest OwensSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,946
Investment Income
$431,055
Other Revenue
$0
Change in Net Assets
$148,820

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,471,001
Total Revenue per Audited Statements
$1,471,001
Total Revenue per Form 990
$1,471,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$795,449
Salaries, Compensation, and Employee Benefits$526,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$300,156-$300,156
Current Officers, Directors, Trustees, and Key Employees-$233,173-$233,173
Other Salaries and Wages-$212,073-$212,073
Office Expenses-$127,934-$127,934
Occupancy-$78,515-$78,515
Information Technology-$66,706-$66,706
Depreciation Depletion-$53,421-$53,421
Payroll Taxes-$43,038-$43,038
Other Employee Benefits-$38,448-$38,448
Insurance-$37,964-$37,964
Advertising-$23,142-$23,142
Fees for Services Accounting-$23,079-$23,079
Other Expenses-$7,016-$7,016
Fees for Services Legal-$3,681-$3,681
All Other Expenses-$73-$73
Travel-$35-$35
Total Functional Expenses$0$1,322,181$0$1,322,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,322,181
Total Expenses per Audited Statements$1,322,181
Total Expenses per Form 990$1,322,181
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
General Shares$54,441,205
Share Draft$517,568
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The members of the credit union are considered to be the owners of the organization”

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

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

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

“Any changes to the credit union by-laws are subject to approval of the members.”

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

“The tax return is reviewed by the president before signing the e-file authorization, then presented to the board of directors at their next meeting.”

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

“Compliance with the conflict of interest policy is monitored by the staff of the credit union and the board of directors.”

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

“The board of directors reviews and approves all employee compensation.”

Form 990, Page 6, Part VI, Line 19

“The audit report and tax return are available on request at the credit union office.”

Filing and Contact Details

Filer

Filer Name
Foundation Credit Union
EIN
44-0444355
Phone
4178952770
Address
1726 W ELFINDALE, SPRINGFIELD, MO 65807

Signing Officer

Name
Michele L Sechler
Title
President
Phone
4178952770
Signed
2017-02-28

Organization Details

Principal Officer
Michele L Sechler
Formed
1933
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
20

Preparer

Firm
Brs Cpas Pc
Address
3854 SOUTH AVE, SPRINGFIELD, MO 65807-5285
Preparer
Darin C Ramlow
Phone
4178770505
Raw XML Appendix366 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/BOYAmt047488
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0154724
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS WHO SHARE OUR COMMON BOND AND EXIST FOR THE FINANCIAL BENEFIT OF THE MEMBERS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt023142
IRS990/AdvertisingGrp/TotalAmt023142
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt073
IRS990/AllOtherExpensesGrp/TotalAmt073
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MICHELE SECHLER
IRS990/BooksInCareOfDetail/PhoneNum04178952770
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01726 W ELFINDALE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SPRINGFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd065807
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01356970
IRS990/CashNonInterestBearingGrp/EOYAmt01381245
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0233173
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0233173
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0431055
IRS990/CYOtherExpensesAmt0795449
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01039946
IRS990/CYRevenuesLessExpensesAmt0148820
IRS990/CYSalariesCompEmpBnftPaidAmt0526732
IRS990/CYTotalExpensesAmt01322181
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01471001
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt053421
IRS990/DepreciationDepletionGrp/TotalAmt053421
IRS990/Desc0VOLUNTARY, COOPERATIVE, NONPROFIT SAVINGS INSTITUTION WHICH ENCOURAGES THRIFT AMONG THE APPROXIMATE 2,601 MEMBERS BY PROVIDING CREDIT AGREEMENTS AND SAVINGS ACCOUNTS AT A REASONABLE RATE OF INTEREST.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023079
IRS990/FeesForServicesAccountingGrp/TotalAmt023079
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03681
IRS990/FeesForServicesLegalGrp/TotalAmt03681
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/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt56136
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt611138
IRS990/Form990PartVIISectionAGrp/PersonNm0BRENT FORBES
IRS990/Form990PartVIISectionAGrp/PersonNm1JEROME RANSOM
IRS990/Form990PartVIISectionAGrp/PersonNm2FORREST OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm3DEBBIE HICKEY
IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW HUDSON
IRS990/Form990PartVIISectionAGrp/PersonNm5SAMMIE K HERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELE L SECHLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5113400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6109038
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01933
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01471001
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt066706
IRS990/InformationTechnologyGrp/TotalAmt066706
IRS990/InsuranceGrp/ManagementAndGeneralAmt037964
IRS990/InsuranceGrp/TotalAmt037964
IRS990/InterestGrp/ManagementAndGeneralAmt0300156
IRS990/InterestGrp/TotalAmt0300156
IRS990/InvestmentIncomeGrp/ExclusionAmt0431055
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0431055
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt026724500
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt026170500
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0522211
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0523079
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08000000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03000000
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0389986
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01420635
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02449196
IRS990/LandBldgEquipCostOrOtherBssAmt02839182
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ESTABLISHED TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS WHO SHARE OUR COMMON BOND AND EXIST FOR THE FINANCIAL BENEFIT OF THE MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt08591435
IRS990/NetAssetsOrFundBalancesEOYAmt08740255
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt078515
IRS990/OccupancyGrp/TotalAmt078515
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0127934
IRS990/OfficeExpensesGrp/TotalAmt0127934
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt080953
IRS990/OtherAssetsTotalGrp/EOYAmt075709
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt038448
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038448
IRS990/OtherExpensesGrp/Desc0FRANCHISE TAX
IRS990/OtherExpensesGrp/Desc1LEAGUE DUES
IRS990/OtherExpensesGrp/Desc2EXAM & SUPERVISORY FEE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121398
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29829
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt37016
IRS990/OtherExpensesGrp/TotalAmt042500
IRS990/OtherExpensesGrp/TotalAmt121398
IRS990/OtherExpensesGrp/TotalAmt29829
IRS990/OtherExpensesGrp/TotalAmt37016
IRS990/OtherLiabilitiesGrp/BOYAmt055050948
IRS990/OtherLiabilitiesGrp/EOYAmt054958773
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0212073
IRS990/OtherSalariesAndWagesGrp/TotalAmt0212073
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt021913338
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt026984484
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043038
IRS990/PayrollTaxesGrp/TotalAmt043038
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025056
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030515
IRS990/PrincipalOfficerNm0MICHELE L SECHLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3MISC OPERATION INCOME
IRS990/ProgramServiceRevenueGrp/Desc4SAFE DEPOSIT BOX INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0984276
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214886
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0984276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41055
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0380906
IRS990/PYOtherExpensesAmt0619563
IRS990/PYProgramServiceRevenueAmt0915902
IRS990/PYRevenuesLessExpensesAmt0287742
IRS990/PYSalariesCompEmpBnftPaidAmt0389503
IRS990/PYTotalExpensesAmt01009066
IRS990/PYTotalRevenueAmt01296808
IRS990/ReconcilationRevenueExpnssAmt0148820
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08591435
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08740255
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03646208
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03239024
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01870108
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0153096
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02023204
IRS990ScheduleD/EquipmentGrp/BookValueAmt0177225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0236890
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0414115
IRS990ScheduleD/ExpensesSubtotalAmt01322181
IRS990ScheduleD/LandGrp/BookValueAmt0401863
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0401863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054441205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1517568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GENERAL SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SHARE DRAFT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt026170500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - BANK & S&L CDS
IRS990ScheduleD/RevenueSubtotalAmt01471001
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02449196
IRS990ScheduleD/TotalBookValueSecuritiesAmt026170500
IRS990ScheduleD/TotalExpensesPerForm990Amt01322181
IRS990ScheduleD/TotalLiabilityAmt054958773
IRS990ScheduleD/TotalRevenuePerForm990Amt01471001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01471001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01322181
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE CREDIT UNION ARE CONSIDERED TO BE THE OWNERS OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION MEMBERS ELECT ALL OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CHANGES TO THE CREDIT UNION BY-LAWS ARE SUBJECT TO APPROVAL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN IS REVIEWED BY THE PRESIDENT BEFORE SIGNING THE E-FILE AUTHORIZATION, THEN PRESENTED TO THE BOARD OF DIRECTORS AT THEIR NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE STAFF OF THE CREDIT UNION AND THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT REPORT AND TAX RETURN ARE AVAILABLE ON REQUEST AT THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt063689871
IRS990/TotalAssetsEOYAmt063853752
IRS990/TotalAssetsGrp/BOYAmt063689871
IRS990/TotalAssetsGrp/EOYAmt063853752
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01322181
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01322181
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055098436
IRS990/TotalLiabilitiesEOYAmt055113497
IRS990/TotalLiabilitiesGrp/BOYAmt055098436
IRS990/TotalLiabilitiesGrp/EOYAmt055113497
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08591435
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08740255
IRS990/TotalOtherCompensationAmt017274
IRS990/TotalProgramServiceRevenueAmt01039946
IRS990/TotalReportableCompFromOrgAmt0222438
IRS990/TotalRevenueGrp/ExclusionAmt0431055
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01039946
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01471001
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063689871
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt063853752
IRS990/TravelGrp/ManagementAndGeneralAmt035
IRS990/TravelGrp/TotalAmt035
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01768 HIGHWAY 215
IRS990/USAddress/CityNm0PLEASANT HOPE
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd065725
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOUNDATIONCREDITUNION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELE L SECHLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04178952770
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0440444355
ReturnHeader/Filer/PhoneNum04178952770
ReturnHeader/Filer/USAddress/AddressLine1Txt01726 W ELFINDALE
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd065807
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09D3F222CCC3CB9BCF6273F7AB994F722CF6FF3AA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A5D410A10E3B4F88BD4E0FD3618CA9E3FE471799
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205694382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03854 SOUTH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0658075285
ReturnHeader/PreparerPersonGrp/PhoneNum04178770505
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARIN C RAMLOW
ReturnHeader/ReturnTs02017-03-18T08:23:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,853,752
Liabilities
$55,113,497
Net assets
$8,740,255
Revenue
$1,471,001
Expenses
$1,322,181
Net income
$148,820
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.3$57.9$10.4$3.41$3.21$0.19
2023Detailed filing. Detailed filing data is available for this year.$71.5$61.3$10.2$2.88$2.76$0.12
2022Detailed filing. Detailed filing data is available for this year.$75.7$65.6$10.2$2.70$2.27$0.43
2021Detailed filing. Detailed filing data is available for this year.$74.5$64.7$9.72$2.28$1.90$0.38
2020Detailed filing. Detailed filing data is available for this year.$66.3$56.9$9.34$2.06$1.87$0.20
2019Detailed filing. Detailed filing data is available for this year.$64.4$55.3$9.14$2.06$1.93$0.13
2018Detailed filing. Detailed filing data is available for this year.$58.3$49.3$9.01$2.01$1.95$0.06
2017Detailed filing. Detailed filing data is available for this year.$64.4$55.4$8.95$1.69$1.48$0.21
2016Detailed filing. Detailed filing data is available for this year.$63.9$55.1$8.74$1.47$1.32$0.15
2015Detailed filing. Detailed filing data is available for this year.$63.7$55.1$8.59$1.30$1.01$0.29
2014Detailed filing. Detailed filing data is available for this year.$63.0$54.6$8.30$1.29$1.03$0.26
2013Detailed filing. Detailed filing data is available for this year.$64.9$56.8$8.04$1.36$1.10$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.4$57.6$7.78$0.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.7$61.4$7.28$1.17