Civic Intelligence

Med Park Credit Union

990 • Fiscal year 2020 • EIN 45-0283861

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 16, 2021

Organization Profilewww.medparkcu.com

View Organization Page

1200 S Columbia RdGrand Forks, ND 58201

(701) 780-5733

Siviq Scores

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

Liabilities / Assets

55th percentile

0.87x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

24.24x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Net Margin

33rd percentile

2.7%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$130,828

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Asset Growth

57th percentile

13%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-11%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$18,596,535

Up $2,158,863 (+13%) from 2019

Net Assets

Up

$2,329,833

Up $18,151 (+0.8%) from 2019

Liabilities

Up

$16,266,702

Up $2,140,712 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin33rd percentile

Revenue

Down

$671,058

Down $86,092 (-11%) from 2019

Expenses

Up

$652,907

Up $8,118 (+1.3%) from 2019

Net Income

Down

$18,151

Down $94,210 (-84%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$30M$20M$10M$0Assets 2011: $13,693,693Liabilities 2011: $12,085,658Net Assets 2011: $1,608,0352011Assets 2012: $15,387,220Liabilities 2012: $13,720,033Net Assets 2012: $1,667,1872012Assets 2013: $16,109,455Liabilities 2013: $14,398,963Net Assets 2013: $1,710,4922013Assets 2014: $16,448,916Liabilities 2014: $14,638,839Net Assets 2014: $1,810,0772014Assets 2015: $17,611,229Liabilities 2015: $15,685,459Net Assets 2015: $1,925,7702015Assets 2016: $17,944,148Liabilities 2016: $15,906,336Net Assets 2016: $2,037,8122016Assets 2017: $18,511,502Liabilities 2017: $16,410,925Net Assets 2017: $2,100,5772017Assets 2018: $17,804,946Liabilities 2018: $15,605,625Net Assets 2018: $2,199,3212018Assets 2019: $16,437,672Liabilities 2019: $14,125,990Net Assets 2019: $2,311,6822019Assets 2020: $18,596,535Liabilities 2020: $16,266,702Net Assets 2020: $2,329,8332020Assets 2021: $20,210,289Liabilities 2021: $17,929,761Net Assets 2021: $2,280,5282021Assets 2022: $19,926,342Liabilities 2022: $17,595,483Net Assets 2022: $2,330,8592022Assets 2023: $17,083,259Liabilities 2023: $14,689,539Net Assets 2023: $2,393,7202023

Highlighted filing

2020

Assets$18,596,535
Liabilities$16,266,702
Net Assets$2,329,833
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $456,8992011Expenses 2012: $410,3642012Revenue 2013: $479,975Expenses 2013: $436,670Net Income 2013: $43,3052013Revenue 2014: $532,715Expenses 2014: $433,130Net Income 2014: $99,5852014Revenue 2015: $574,615Expenses 2015: $458,922Net Income 2015: $115,6932015Revenue 2016: $574,876Expenses 2016: $462,834Net Income 2016: $112,0422016Revenue 2017: $555,397Expenses 2017: $492,632Net Income 2017: $62,7652017Revenue 2018: $637,992Expenses 2018: $539,248Net Income 2018: $98,7442018Revenue 2019: $757,150Expenses 2019: $644,789Net Income 2019: $112,3612019Revenue 2020: $671,058Expenses 2020: $652,907Net Income 2020: $18,1512020Revenue 2021: $599,438Expenses 2021: $648,743Net Income 2021: -$49,3052021Revenue 2022: $685,194Expenses 2022: $634,863Net Income 2022: $50,3312022Revenue 2023: $873,873Expenses 2023: $811,012Net Income 2023: $62,8612023

Highlighted filing

2020

Revenue$671,058
Expenses$652,907
Net Income$18,151
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 16, 2021
Return Version
2020v4.0
Gross Receipts
$671,058
Mission and Program Overview

Mission

Our credit union is a cooperative owned and operated by its members. Our goal is to strengthen our community through social responsiblity and meeting the financial needs of our members, while maintaining our financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,419,782$9,947,911▼ $471,871
Savings and Temporary Cash Investments$2,357,242$5,894,458▲ $3,537,216
Investments Other Securities$3,343,938$2,467,297▼ $876,641
Rtn Earn Endowment Incm Other Fnds$2,311,682$2,329,833▲ $18,151
Cash and Non-Interest-Bearing Accounts$162,014$130,096▼ $31,918
Prepaid Expenses and Deferred Charges$16,387$27,480▲ $11,093
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$16,437,672$18,596,535▲ $2,158,863
Other Assets Total$138,309$129,293▼ $9,016
Liabilities
Other Liabilities$14,046,255$16,175,739▲ $2,129,484
Accounts Payable and Accrued Expenses$79,735$90,963▲ $11,228
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$14,125,990$16,266,702▲ $2,140,712
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,311,682$2,329,833▲ $18,151
Total Liabilities and Net Assets / Fund Balance$16,437,672$18,596,535▲ $2,158,863

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,467,297--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl MalmCEOFT$130,828$130,828

Board Members and Trustees

NameTitle
Kelly GrasselPresident
Linda ButlerVice President
Joe GimmelBoard Member
Kelly HagenBoard member
Paul EdmanBoard Member
Tim OlsonBoard Member
Darla GundersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$671,058
All Other Contributions
$0
Change in Net Assets
$18,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$331,790
Other Expenses$321,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$249,150$0$0$249,150
Fees for Services Accounting$100,492$0$0$100,492
Pension Plan Contributions$82,640$0$0$82,640
Office Expenses$82,276$0$0$82,276
Payments to Affiliates$10,969$0$0$10,969
Advertising$6,755$0$0$6,755
Interest$4,993$0$0$4,993
Conferences and Meetings$1,041$0$0$1,041
Other Expenses$671$0$0$671
Total Functional Expenses$652,907$0$0$652,907
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$16,175,739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
Yes
Conflict-of-interest policy
No
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 6

“CREDIT UNION HAS MEMBERS”

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

“Members elect volunters of credit union to volunteer positions at annual meeting”

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

“If we were to merge with another credit union - or change our field of membership this would have to be voted on and approved by our members.”

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

“990 is posted in lobby of credit union”

Form 990, Part VI, Section B, Line 15

“Ceo is reviewed by board of directors - staff is reviewed by ceo - board of directors make the decisions as the raised and compensation for all employees”

Form 990, Part VI, Section C, Line 19

“Posted in lobby each month for members to review”

Filing and Contact Details

Filer

Filer Name
Med Park Credit Union
EIN
45-0283861
Phone
7017805733
Address
1200 S Columbia Rd, Grand Forks, ND 58201

Signing Officer

Name
Cheryl Malm
Title
CEO
Phone
7017805733
Signed
2021-04-16

Organization Details

Principal Officer
Cheryl Malm
Formed
1965
Legal Domicile
Nd
Voting Board Members
1,848
Independent Board Members
1,848
Employees
4
Volunteers
13
Raw XML AppendixShowing 400 of 492 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/Form990PartVIISectionAGrp/TitleTxt2Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
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IRS990/MissionDesc0Our credit union is a cooperative owned and operated by its members. Our goal is to strengthen our community through social responsiblity and meeting the financial needs of our members, while maintaining our financial stability.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02311682
IRS990/NetAssetsOrFundBalancesEOYAmt02329833
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt082276
IRS990/OfficeExpensesGrp/TotalAmt082276
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0138309
IRS990/OtherAssetsTotalGrp/EOYAmt0129293
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROVISIONS FOR LLOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2DEBIT CARD & VISA CARD EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC. ANNUAL MTG & CASH OVER/SHORT
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt06000
IRS990/OtherExpensesGrp/ProgramServicesAmt14281
IRS990/OtherExpensesGrp/ProgramServicesAmt2103639
IRS990/OtherExpensesGrp/ProgramServicesAmt3671
IRS990/OtherExpensesGrp/TotalAmt06000
IRS990/OtherExpensesGrp/TotalAmt14281
IRS990/OtherExpensesGrp/TotalAmt2103639
IRS990/OtherExpensesGrp/TotalAmt3671
IRS990/OtherLiabilitiesGrp/BOYAmt014046255
IRS990/OtherLiabilitiesGrp/EOYAmt016175739
IRS990/OtherOrganizationDsc0non profit/member owned
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/Desc0ALL OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0671058
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0671058
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0671058
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0249150
IRS990/OtherSalariesAndWagesGrp/TotalAmt0249150
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt010419782
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09947911
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt010969
IRS990/PaymentsToAffiliatesGrp/TotalAmt010969
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt082640
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016387
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027480
IRS990/PrincipalOfficerNm0CHERYL MALM
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0we have none
IRS990/ProgSrvcAccomActy3Grp/Desc0we have none
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
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IRS990/PYOtherRevenueAmt0757150
IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0312530
IRS990/PYTotalExpensesAmt0644789
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0757150
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02311682
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02329833
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02357242
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05894458
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016175739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02467297
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS & OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueSecuritiesAmt02467297
IRS990ScheduleD/TotalLiabilityAmt016175739
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDIT UNION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT VOLUNTERS OF CREDIT UNION TO VOLUNTEER POSITIONS AT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF WE WERE TO MERGE WITH ANOTHER CREDIT UNION - OR CHANGE OUR FIELD OF MEMBERSHIP THIS WOULD HAVE TO BE VOTED ON AND APPROVED BY OUR MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 IS POSTED IN LOBBY OF CREDIT UNION

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,596,535
Liabilities
$16,266,702
Net assets
$2,329,833
Revenue
$671,058
Expenses
$652,907
Net income
$18,151
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$17.1$14.7$2.39$0.87$0.81$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$17.6$2.33$0.69$0.63$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$17.9$2.28$0.60$0.65$0.05
2020Detailed filing. Detailed filing data is available for this year.$18.6$16.3$2.33$0.67$0.65$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$14.1$2.31$0.76$0.64$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$15.6$2.20$0.64$0.54$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$16.4$2.10$0.56$0.49$0.06
2016Summary only. Only limited summary data is available for this year.$17.9$15.9$2.04$0.57$0.46$0.11
2015Detailed filing. Detailed filing data is available for this year.$17.6$15.7$1.93$0.57$0.46$0.12
2014Summary only. Only limited summary data is available for this year.$16.4$14.6$1.81$0.53$0.43$0.10
2013Detailed filing. Detailed filing data is available for this year.$16.1$14.4$1.71$0.48$0.44$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$13.7$1.67$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$12.1$1.61$0.46