Civic Intelligence

Lamoure Credit Union

EIN 45-0258543 • 501(c)14 • Lamoure, ND

Profile

None

203 7th Street SE PO Box 178Lamoure, ND 58458

www.lamourecu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.83x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

14.84x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

98th percentile

45%

Higher net margin than 98% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$191,812

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

89th percentile

8.7%

Faster asset growth than 89% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

31%

Faster revenue growth than 93% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$37,948,728

Up $3,030,992 (+8.7%) from 2023

Liabilities

Up

$31,683,191

Up $2,061,135 (+7.0%) from 2023

Net Assets

Up

$6,265,537

Up $969,857 (+18%) from 2023

Operations
Liabilities / Revenue39th percentileNet Margin98th percentile

Revenue

Up

$2,135,603

Up $503,428 (+31%) from 2023

Expenses

Up

$1,165,746

Up $252,931 (+28%) from 2023

Net Income

Up

$969,857

Up $250,497 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $16,489,269Liabilities 2010: $15,087,594Net Assets 2010: $1,401,6752010Assets 2011: $19,503,587Liabilities 2011: $17,926,294Net Assets 2011: $1,577,2932011Assets 2012: $23,772,663Liabilities 2012: $21,962,626Net Assets 2012: $1,810,0372012Assets 2013: $25,217,093Liabilities 2013: $23,137,605Net Assets 2013: $2,079,4882013Assets 2014: $24,860,381Liabilities 2014: $22,501,967Net Assets 2014: $2,358,4142014Assets 2015: $25,733,240Liabilities 2015: $23,090,023Net Assets 2015: $2,643,2172015Assets 2016: $26,001,450Liabilities 2016: $23,074,715Net Assets 2016: $2,926,7352016Assets 2017: $25,650,378Liabilities 2017: $22,447,687Net Assets 2017: $3,202,6912017Assets 2018: $25,142,437Liabilities 2018: $21,641,866Net Assets 2018: $3,500,5712018Assets 2019: $24,398,283Liabilities 2019: $20,601,367Net Assets 2019: $3,796,9162019Assets 2020: $29,887,326Liabilities 2020: $25,816,248Net Assets 2020: $4,071,0782020Assets 2021: $33,575,536Liabilities 2021: $29,297,126Net Assets 2021: $4,278,4102021Assets 2022: $36,107,391Liabilities 2022: $31,531,071Net Assets 2022: $4,576,3202022Assets 2023: $34,917,736Liabilities 2023: $29,622,056Net Assets 2023: $5,295,6802023Assets 2024: $37,948,728Liabilities 2024: $31,683,191Net Assets 2024: $6,265,5372024

Highlighted filing

2024

Assets$37,948,728
Liabilities$31,683,191
Net Assets$6,265,537
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $742,4682010Expenses 2011: $630,1802011Expenses 2012: $697,2622012Revenue 2013: $899,169Expenses 2013: $629,718Net Income 2013: $269,4512013Revenue 2014: $903,046Expenses 2014: $624,120Net Income 2014: $278,9262014Revenue 2015: $904,705Expenses 2015: $617,965Net Income 2015: $286,7402015Revenue 2016: $924,576Expenses 2016: $641,058Net Income 2016: $283,5182016Revenue 2017: $910,539Expenses 2017: $634,583Net Income 2017: $275,9562017Revenue 2018: $1,005,411Expenses 2018: $707,531Net Income 2018: $297,8802018Revenue 2019: $1,023,522Expenses 2019: $727,177Net Income 2019: $296,3452019Revenue 2020: $897,097Expenses 2020: $622,935Net Income 2020: $274,1622020Revenue 2021: $804,741Expenses 2021: $584,404Net Income 2021: $220,3372021Revenue 2022: $962,775Expenses 2022: $664,865Net Income 2022: $297,9102022Revenue 2023: $1,632,175Expenses 2023: $912,815Net Income 2023: $719,3602023Revenue 2024: $2,135,603Expenses 2024: $1,165,746Net Income 2024: $969,8572024

Highlighted filing

2024

Revenue$2,135,603
Expenses$1,165,746
Net Income$969,857
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$37,948,728
Liabilities
$31,683,191
Net assets
$6,265,537
Revenue
$2,135,603
Expenses
$1,165,746
Net income
$969,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.9$31.7$6.27$2.14$1.17$0.97
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.9$29.6$5.30$1.63$0.91$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.1$31.5$4.58$0.96$0.66$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$29.3$4.28$0.80$0.58$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$25.8$4.07$0.90$0.62$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$20.6$3.80$1.02$0.73$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.1$21.6$3.50$1.01$0.71$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$22.4$3.20$0.91$0.63$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$23.1$2.93$0.92$0.64$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$23.1$2.64$0.90$0.62$0.29
2014Detailed filing. Detailed filing data is available for this year.$24.9$22.5$2.36$0.90$0.62$0.28
2013Detailed filing. Detailed filing data is available for this year.$25.2$23.1$2.08$0.90$0.63$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$22.0$1.81$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$17.9$1.58$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$15.1$1.40$0.74
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 13, 2021
Return Version
2020v4.1
Gross Receipts
$897,097
Mission and Program Overview

Mission

The org is a state chartered credit union which is organized and operated for mutual purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,483,447$14,591,172▲ $7,107,725
Other Notes and Loans Receivable, Net$15,981,139$14,441,960▼ $1,539,179
Rtn Earn Endowment Incm Other Fnds$3,796,916$4,071,078▲ $274,162
Land, Buildings, and Equipment, Net$491,631$475,169▼ $16,462
Investments in Publicly Traded Securities-$10,948-
Prepaid Expenses and Deferred Charges$10,211--
Total Assets$24,398,283$29,887,326▲ $5,489,043
Other Assets Total$431,855$368,077▼ $63,778
Liabilities
Other Liabilities$20,530,532$25,788,913▲ $5,258,381
Accounts Payable and Accrued Expenses$70,835$27,335▼ $43,500
Total Liabilities$20,601,367$25,816,248▲ $5,214,881
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,796,916$4,071,078▲ $274,162
Total Liabilities and Net Assets / Fund Balance$24,398,283$29,887,326▲ $5,489,043

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$452,645$217,044$669,689
Equipment-$102,323$102,323
Land$22,524-$22,524
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric MuslandManagertreasurerFT$105,625$28,066$133,691
Barry TownsendVice President-$120-$120
Gloria LaufSecretary-$120-$120
Kathy ExnerDirector-$120-$120
Dale SiedschlagPresident-$117-$117
James RufsvoldDirector-$110-$110
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$852,780
Investment Income
$29,917
Other Revenue
$14,400
Change in Net Assets
$274,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$315,472
Other Expenses$221,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$111,096
Current Officers, Directors, Trustees, and Key Employees---$106,212
Benefits to Members---$85,871
Other Employee Benefits---$61,968
Office Expenses---$45,746
Occupancy---$18,274
Payroll Taxes---$18,196
Pension Plan Contributions---$18,000
Depreciation Depletion---$16,462
Fees for Services Accounting---$13,200
Insurance---$12,680
Advertising---$9,704
Fees for Services Other---$4,080
Other Expenses$2,796--$2,796
Travel---$1,298
All Other Expenses---$673
Total Functional Expenses$0$0$0$622,935
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$11,742,769
Member Share Drafts$9,427,650
Member Certificates$4,618,494
Governance and Compliance

Governance Checklist

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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“ONE CLASS OF MEMBERSHIP.”

Member election for additional members Part VI line 7A

“ONE VOTE PER MEMBER.”

Governing body decisions Part VI line 7B

“Members vote on bylaw amendments and officer elections.”

Committee meeting documentation Part VI line 8B

“Not applicable, no committees with authority to act on behalf of the governing body.”

Form 990 governing body review Part VI line 11

“The manager reviews the 990 in detail. After his review, the 990 is provided to each board member. The manager presents the 990 to the board of directors at the meeting held prior to its filing if so requested by any board member. Whether presented in a board meeting or not, the 990 is not filed until each board member has been given a copy of it.”

Conflict of interest policy compliance Part VI line 12C

“All board members and employees are covered by the policy. The full board determines whether a conflict of interest exists. If a board member has a conflict, he/she must abstain from discussion and voting on that item.”

CEO executive director top management comp Part VI line 15A

“Compensation is reviewed annually in a board meeting. Evaluations are done and comparability data is used to determine appropriate salary adjustments. The board follows this process for all employees. The process was last undertaken in 2020.”

Governing documents etc available to public Part VI line 19

“The financial statements are posted in the lobby. In additions, the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lamoure Credit Union
EIN
45-0258543
Address
203 7TH STREET SE PO BOX 178, LAMOURE, ND 58458

Signing Officer

Name
Eric Musland
Title
Managertreasur
Phone
7018835241
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Formed
1940
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
5

Preparer

Firm
Todd R Wold Pc
Address
3258 OAK RIDGE LOOP E, WEST FARGO, ND 58078
Preparer
Todd Wold
Phone
7013561040
Raw XML Appendix338 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/BOYAmt070835
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027335
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORG IS A STATE CHARTERED CREDIT UNION WHICH IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES.
IRS990/AdvertisingGrp/TotalAmt09704
IRS990/AllOtherExpensesGrp/TotalAmt0673
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt085871
IRS990/BooksInCareOfDetail/PersonNm0ERIC MUSLAND
IRS990/BooksInCareOfDetail/PhoneNum07018835241
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0203 7TH STREET SE PO BOX 178
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAMOURE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058458
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0106212
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt085871
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt029917
IRS990/CYOtherExpensesAmt0221592
IRS990/CYOtherRevenueAmt014400
IRS990/CYProgramServiceRevenueAmt0852780
IRS990/CYRevenuesLessExpensesAmt0274162
IRS990/CYSalariesCompEmpBnftPaidAmt0315472
IRS990/CYTotalExpensesAmt0622935
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0897097
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt016462
IRS990/Desc0PROVIDE FINANCIAL SERVICES FOR CREDIT UNION MEMBERS, INCLUDING DEPOSIT ACCOUNTS AND LOANS TO MEMBERS. APPROXIMATELY 1226 CREDIT UNION MEMBERS WERE SERVED DURING 2020.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt013200
IRS990/FeesForServicesOtherGrp/TotalAmt04080
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt028066
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC MUSLAND
IRS990/Form990PartVIISectionAGrp/PersonNm1KATHY EXNER
IRS990/Form990PartVIISectionAGrp/PersonNm2BARRY TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm3GLORIA LAUF
IRS990/Form990PartVIISectionAGrp/PersonNm4DALE SIEDSCHLAG
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES RUFSVOLD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0105625
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0MANAGERTREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0897097
IRS990/GrossRentsGrp/RealAmt014400
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt012680
IRS990/InvestmentIncomeGrp/ExclusionAmt029917
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt010948
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IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORG IS A STATE CHARTERED CREDIT UNION WHICH IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03796916
IRS990/NetAssetsOrFundBalancesEOYAmt04071078
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt018274
IRS990/OfficeExpensesGrp/TotalAmt045746
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0368077
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061968
IRS990/OtherExpensesGrp/Desc0DATA PROCESSING EXPENSE
IRS990/OtherExpensesGrp/Desc1BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc2LEAGUE DUES
IRS990/OtherExpensesGrp/Desc3ANNUAL MEETING
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IRS990/OtherExpensesGrp/ProgramServicesAmt118289
IRS990/OtherExpensesGrp/ProgramServicesAmt213353
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IRS990/OtherExpensesGrp/TotalAmt213353
IRS990/OtherExpensesGrp/TotalAmt32796
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt018196
IRS990/PensionPlanContributionsGrp/TotalAmt018000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010211
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/Desc0FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0852780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0852780
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE VOTE PER MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS VOTE ON BYLAW AMENDMENTS AND OFFICER ELECTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NOT APPLICABLE, NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER REVIEWS THE 990 IN DETAIL. AFTER HIS REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER. THE MANAGER PRESENTS THE 990 TO THE BOARD OF DIRECTORS AT THE MEETING HELD PRIOR TO ITS FILING IF SO REQUESTED BY ANY BOARD MEMBER. WHETHER PRESENTED IN A BOARD MEETING OR NOT, THE 990 IS NOT FILED UNTIL EACH BOARD MEMBER HAS BEEN GIVEN A COPY OF IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL BOARD MEMBERS AND EMPLOYEES ARE COVERED BY THE POLICY. THE FULL BOARD DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. IF A BOARD MEMBER HAS A CONFLICT, HE/SHE MUST ABSTAIN FROM DISCUSSION AND VOTING ON THAT ITEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION IS REVIEWED ANNUALLY IN A BOARD MEETING. EVALUATIONS ARE DONE AND COMPARABILITY DATA IS USED TO DETERMINE APPROPRIATE SALARY ADJUSTMENTS. THE BOARD FOLLOWS THIS PROCESS FOR ALL EMPLOYEES. THE PROCESS WAS LAST UNDERTAKEN IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY. IN ADDITIONS, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMOURE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LAMO
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ReturnHeader/Filer/USAddress/AddressLine1Txt0203 7TH STREET SE PO BOX 178
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03258 OAK RIDGE LOOP E
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD WOLD
ReturnHeader/ReturnTs02021-05-13T13:24:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ERIC
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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