Civic Intelligence

Hometown Credit Union

990 • Fiscal year 2016 • EIN 45-0278490

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

Organization Profilewww.hcuonline.com

View Organization Page

PO Box 310Kulm, ND 58456-0310

(701) 647-2448

Siviq Scores

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

Liabilities / Assets

5th percentile

0.04x

Higher debt load relative to assets than 5% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

5th percentile

0.85x

Higher debt load relative to revenue than 5% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

99th percentile

36%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$129,800

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

88th percentile

11%

Faster asset growth than 88% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

75th percentile

10%

Faster revenue growth than 75% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$108,705,373

Up $10,428,359 (+11%) from 2015

Net Assets

Up

$104,420,325

Up $6,576,774 (+6.7%) from 2015

Liabilities

Up

$4,285,048

Up $3,851,585 (+889%) from 2015

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin99th percentile

Revenue

Up

$5,068,675

Up $477,443 (+10%) from 2015

Expenses

Up

$3,263,491

Up $591,503 (+22%) from 2015

Net Income

Down

$1,805,184

Down $114,060 (-5.9%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$300M$200M$100M$0Assets 2010: $57,314,919Liabilities 2010: $251,717Net Assets 2010: $57,063,2022010Assets 2011: $66,510,548Liabilities 2011: $247,975Net Assets 2011: $66,262,5732011Assets 2012: $77,177,638Liabilities 2012: $277,893Net Assets 2012: $76,899,7452012Assets 2013: $86,025,675Liabilities 2013: $216,777Net Assets 2013: $85,808,8982013Assets 2014: $90,155,539Liabilities 2014: $367,896Net Assets 2014: $89,787,6432014Assets 2015: $98,277,014Liabilities 2015: $433,463Net Assets 2015: $97,843,5512015Assets 2016: $108,705,373Liabilities 2016: $4,285,048Net Assets 2016: $104,420,3252016Assets 2017: $112,519,206Liabilities 2017: $888,333Net Assets 2017: $111,630,8732017Assets 2018: $128,792,379Liabilities 2018: $4,446,518Net Assets 2018: $124,345,8612018Assets 2019: $134,163,609Liabilities 2019: $1,151,756Net Assets 2019: $133,011,8532019Assets 2020: $154,098,495Liabilities 2020: $1,079,629Net Assets 2020: $153,018,8662020Assets 2021: $173,811,204Liabilities 2021: $968,595Net Assets 2021: $172,842,6092021Assets 2022: $178,035,582Liabilities 2022: $1,111,262Net Assets 2022: $176,924,3202022Assets 2023: $192,131,949Liabilities 2023: $6,785,426Net Assets 2023: $185,346,5232023Assets 2024: $208,369,066Liabilities 2024: $6,839,858Net Assets 2024: $201,529,2082024

Highlighted filing

2016

Assets$108,705,373
Liabilities$4,285,048
Net Assets$104,420,325
Open 2016 Filing

Operations Trend

Revenue Growth75th percentile

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

$15M$10M$5.0M$0Expenses 2010: $2,123,1372010Expenses 2011: $2,219,8172011Expenses 2012: $2,159,5962012Revenue 2013: $3,913,374Expenses 2013: $2,421,840Net Income 2013: $1,491,5342013Revenue 2014: $4,140,365Expenses 2014: $2,445,761Net Income 2014: $1,694,6042014Revenue 2015: $4,591,232Expenses 2015: $2,671,988Net Income 2015: $1,919,2442015Revenue 2016: $5,068,675Expenses 2016: $3,263,491Net Income 2016: $1,805,1842016Revenue 2017: $5,372,251Expenses 2017: $3,705,536Net Income 2017: $1,666,7152017Revenue 2018: $6,391,264Expenses 2018: $4,447,468Net Income 2018: $1,943,7962018Revenue 2019: $7,560,392Expenses 2019: $5,673,781Net Income 2019: $1,886,6112019Revenue 2020: $7,076,384Expenses 2020: $5,338,858Net Income 2020: $1,737,5262020Revenue 2021: $7,279,948Expenses 2021: $5,016,003Net Income 2021: $2,263,9452021Revenue 2022: $7,768,677Expenses 2022: $5,188,740Net Income 2022: $2,579,9372022Revenue 2023: $10,309,721Expenses 2023: $7,759,048Net Income 2023: $2,550,6732023Revenue 2024: $12,281,717Expenses 2024: $10,564,097Net Income 2024: $1,717,6202024

Highlighted filing

2016

Revenue$5,068,675
Expenses$3,263,491
Net Income$1,805,184
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$5,068,675
Mission and Program Overview

Mission

Hometown Credit Union is a financial cooperative which is owned and operated for its members. We seek to promote thrift and economic development of our trade area. We strive to provide the best possible financial services to meet members needs. Hometown Credit Union seeks to grow while maintaining its long term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$86,192,908$95,567,305▲ $9,374,397
Cap Stk Tr Prin Current Funds$84,987,128$89,758,718▲ $4,771,590
Rtn Earn Endowment Incm Other Fnds$12,856,423$14,661,607▲ $1,805,184
Savings and Temporary Cash Investments$8,145,548$8,278,455▲ $132,907
Prepaid Expenses and Deferred Charges$1,998,619$2,386,622▲ $388,003
Land, Buildings, and Equipment, Net$884,918$1,394,914▲ $509,996
Investments Other Securities$818,870$833,396▲ $14,526
Cash and Non-Interest-Bearing Accounts$216,812$244,681▲ $27,869
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$98,277,014$108,705,373▲ $10,428,359
Other Assets Total$19,339--
Liabilities
Accounts Payable and Accrued Expenses$433,463$4,285,048▲ $3,851,585
Total Liabilities$433,463$4,285,048▲ $3,851,585
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,843,551$104,420,325▲ $6,576,774
Total Liabilities and Net Assets / Fund Balance$98,277,014$108,705,373▲ $10,428,359

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,114,323$413,690$0
Other Land Buildings$0$0$0
Land$9,220-$0
Equipment$271,371$480,500$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Harold HagenCEOFT$129,800$129,800

Board Members and Trustees

NameTitle
Rodney KinzlerBoard Chairman
James McLeishVice Chairman
Josh LandBoard Secretary
Carl LindgrenDirector
Mike TaszarekDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,068,315
Investment Income
$0
Other Revenue
$360
Change in Net Assets
$1,805,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,071,417
Salaries, Compensation, and Employee Benefits$1,192,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$897,971
Other Salaries and Wages---$867,215
Other Expenses---$496,866
Fees for Services Other---$178,916
Payroll Taxes---$142,084
Current Officers, Directors, Trustees, and Key Employees---$129,800
Office Expenses---$129,584
Advertising---$87,151
Depreciation Depletion---$77,510
Occupancy---$66,048
Insurance---$44,541
Fees for Services Accounting---$36,734
Other Employee Benefits---$28,962
Pension Plan Contributions---$24,013
Payments to Affiliates---$21,093
Conferences and Meetings---$18,730
Travel---$12,132
Information Technology---$4,141
Total Functional Expenses$0$0$0$3,263,491
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Since the Credit Union is a financial cooperative, its members vote on who represents them on the board of directors”

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

“Because the credit union is a financial cooperative, its members elect from the membership, who will represent them on the credit union's board of directors”

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

“Form 990 is reviewed by the Board of Directors at their May meeting, which is generally the last Monday of each month”

Form 990, Part VI, Section C, Line 19

“These documents would be made available to the members of the credit union upon request”

Filing and Contact Details

Filer

Filer Name
Hometown Credit Union
EIN
45-0278490
Phone
7016472448
Address
PO Box 310, Kulm, ND 58456-0310

Signing Officer

Name
Betty Gunderson
Title
VP of Operations
Phone
7016472448
Signed
2017-05-09

Organization Details

Principal Officer
Harold Hagen CEO
Formed
1949
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
27
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 4

“These figures represent the loans made to our members”

Form 990, Part XI, Line 9

“This figure is the growth in member deposits from the previous year.”

Raw XML Appendix355 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.

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IRS990/ActivityOrMissionDesc0Hometown Credit Union is a financial cooperative which is owned and operated for its members. We seek to promote thrift and economic development of our trade area. We strive to provide the best possible financial services to meet members needs. Hometown Credit Union seeks to grow while maintaining its long term financial stability.
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01394914
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Since the Credit Union is a financial cooperative, its members vote on who represents them on the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Because the credit union is a financial cooperative, its members elect from the membership, who will represent them on the credit union's board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is reviewed by the Board of Directors at their May meeting, which is generally the last Monday of each month
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These documents would be made available to the members of the credit union upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These figures represent the loans made to our members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5This figure is the growth in member deposits from the previous year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part X, Line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0ND
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt098277014
IRS990/TotalAssetsEOYAmt0108705373
IRS990/TotalAssetsGrp/BOYAmt098277014
IRS990/TotalAssetsGrp/EOYAmt0108705373
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03263491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0433463
IRS990/TotalLiabilitiesEOYAmt04285048
IRS990/TotalLiabilitiesGrp/BOYAmt0433463
IRS990/TotalLiabilitiesGrp/EOYAmt04285048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097843551
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0104420325
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt05068315
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt05068315
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt05068315
IRS990/TotalReportableCompFromOrgAmt0129800
IRS990/TotalRevenueGrp/ExclusionAmt05068675
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05068675
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098277014
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0108705373
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt012132
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018 MAIN AVE S
IRS990/USAddress/AddressLine2Txt0PO BOX 310
IRS990/USAddress/CityNm0KULM
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd058456
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.hcuonline.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Betty Gunderson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP of Operations
ReturnHeader/BusinessOfficerGrp/PhoneNum07016472448
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOMETOWN CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0450278490
ReturnHeader/Filer/PhoneNum07016472448
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 310
ReturnHeader/Filer/USAddress/CityNm0Kulm
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd0584560310
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.23.183.129
ReturnHeader/ReturnTs02017-05-09T11:58:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$108,705,373
Liabilities
$4,285,048
Net assets
$104,420,325
Revenue
$5,068,675
Expenses
$3,263,491
Net income
$1,805,184
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$208$6.84$202$12.3$10.6$1.72
2023Detailed filing. Detailed filing data is available for this year.$192$6.79$185$10.3$7.76$2.55
2022Detailed filing. Detailed filing data is available for this year.$178$1.11$177$7.77$5.19$2.58
2021Detailed filing. Detailed filing data is available for this year.$174$0.97$173$7.28$5.02$2.26
2020Detailed filing. Detailed filing data is available for this year.$154$1.08$153$7.08$5.34$1.74
2019Detailed filing. Detailed filing data is available for this year.$134$1.15$133$7.56$5.67$1.89
2018Detailed filing. Detailed filing data is available for this year.$129$4.45$124$6.39$4.45$1.94
2017Detailed filing. Detailed filing data is available for this year.$113$0.89$112$5.37$3.71$1.67
2016Detailed filing. Detailed filing data is available for this year.$109$4.29$104$5.07$3.26$1.81
2015Detailed filing. Detailed filing data is available for this year.$98.3$0.43$97.8$4.59$2.67$1.92
2014Detailed filing. Detailed filing data is available for this year.$90.2$0.37$89.8$4.14$2.45$1.69
2013Detailed filing. Detailed filing data is available for this year.$86.0$0.22$85.8$3.91$2.42$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.2$0.28$76.9$2.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.5$0.25$66.3$2.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$0.25$57.1$2.12