Civic Intelligence

Archer Cooperative Credit Union

990 • Fiscal year 2018 • EIN 47-0093680

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 22, 2019

PO Box 284Central City, NE 68826

(308) 795-2204

Siviq Scores

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

Liabilities / Assets

66th percentile

0.90x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

17.85x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

44th percentile

10%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$178,278

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

95th percentile

12%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

9.5%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$68,947,351

Up $7,248,064 (+12%) from 2017

Net Assets

Up

$7,087,378

Up $352,228 (+5.2%) from 2017

Liabilities

Up

$61,859,973

Up $6,895,836 (+13%) from 2017

Revenue

Up

$3,466,054

Up $300,961 (+9.5%) from 2017

Expenses

Up

$3,113,826

Up $251,182 (+8.8%) from 2017

Net Income

Up

$352,228

Up $49,779 (+16%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $60,862,843Liabilities 2010: $54,367,277Net Assets 2010: $6,495,5662010Assets 2011: $63,268,995Liabilities 2011: $58,032,180Net Assets 2011: $5,236,8152011Assets 2012: $64,104,101Liabilities 2012: $58,701,725Net Assets 2012: $5,402,3762012Assets 2013: $61,683,141Liabilities 2013: $56,424,256Net Assets 2013: $5,258,8852013Assets 2014: $58,569,724Liabilities 2014: $52,642,146Net Assets 2014: $5,927,5782014Assets 2015: $55,759,325Liabilities 2015: $49,651,088Net Assets 2015: $6,108,2372015Assets 2016: $64,107,452Liabilities 2016: $57,674,751Net Assets 2016: $6,432,7012016Assets 2017: $61,699,287Liabilities 2017: $54,964,137Net Assets 2017: $6,735,1502017Assets 2018: $68,947,351Liabilities 2018: $61,859,973Net Assets 2018: $7,087,3782018Assets 2019: $72,442,410Liabilities 2019: $65,330,896Net Assets 2019: $7,111,5142019Assets 2020: $77,688,199Liabilities 2020: $70,666,009Net Assets 2020: $7,022,1902020Assets 2021: $81,729,642Liabilities 2021: $74,144,817Net Assets 2021: $7,584,8252021Assets 2022: $88,466,707Liabilities 2022: $80,398,033Net Assets 2022: $8,068,6742022Assets 2023: $90,734,382Liabilities 2023: $81,938,850Net Assets 2023: $8,795,5322023Assets 2024: $95,590,807Liabilities 2024: $86,266,255Net Assets 2024: $9,324,5522024Assets 2025: $105,407,500Liabilities 2025: $94,965,750Net Assets 2025: $10,441,7502025

Highlighted filing

2018

Assets$68,947,351
Liabilities$61,859,973
Net Assets$7,087,378

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,491,8832010Expenses 2011: $4,945,9022011Expenses 2012: $3,002,6902012Revenue 2013: $2,870,498Expenses 2013: $3,013,989Net Income 2013: -$143,4912013Revenue 2014: $3,120,191Expenses 2014: $2,451,498Net Income 2014: $668,6932014Revenue 2015: $2,714,145Expenses 2015: $2,533,486Net Income 2015: $180,6592015Revenue 2016: $2,912,005Expenses 2016: $2,587,541Net Income 2016: $324,4642016Revenue 2017: $3,165,093Expenses 2017: $2,862,644Net Income 2017: $302,4492017Revenue 2018: $3,466,054Expenses 2018: $3,113,826Net Income 2018: $352,2282018Revenue 2019: $3,748,391Expenses 2019: $3,724,255Net Income 2019: $24,1362019Revenue 2020: $3,755,385Expenses 2020: $3,844,709Net Income 2020: -$89,3242020Revenue 2021: $4,289,954Expenses 2021: $3,727,319Net Income 2021: $562,6352021Revenue 2022: $4,250,495Expenses 2022: $3,766,646Net Income 2022: $483,8492022Revenue 2023: $5,420,203Expenses 2023: $4,693,345Net Income 2023: $726,8582023Revenue 2024: $6,418,555Expenses 2024: $5,889,535Net Income 2024: $529,0202024Revenue 2025: $7,193,667Expenses 2025: $6,076,474Net Income 2025: $1,117,1932025

Highlighted filing

2018

Revenue$3,466,054
Expenses$3,113,826
Net Income$352,228
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 22, 2019
Return Version
2018v3.1
Gross Receipts
$3,466,054
Mission and Program Overview

Mission

State chartered credit union.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$53,689,243$56,960,681▲ $3,271,438
Savings and Temporary Cash Investments$3,707,946$6,767,937▲ $3,059,991
Pd in Cap Srpls Land Bldg Eqp Fund$5,164,694$5,164,694→ $0
Land, Buildings, and Equipment, Net$2,071,865$2,152,851▲ $80,986
Rtn Earn Endowment Incm Other Fnds$1,570,456$1,922,684▲ $352,228
Cash and Non-Interest-Bearing Accounts$526,415$667,774▲ $141,359
Prepaid Expenses and Deferred Charges$95,094$70,057▼ $25,037
Total Assets$61,699,287$68,947,351▲ $7,248,064
Other Assets Total$1,608,724$2,328,051▲ $719,327
Liabilities
Other Liabilities$48,399,929$54,330,882▲ $5,930,953
Mortgage Notes Payable Secured by Investment Property$6,000,000$7,000,000▲ $1,000,000
Accounts Payable and Accrued Expenses$564,208$529,091▼ $35,117
Total Liabilities$54,964,137$61,859,973▲ $6,895,836
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,735,150$7,087,378▲ $352,228
Total Liabilities and Net Assets / Fund Balance$61,699,287$68,947,351▲ $7,248,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,264,572$407,421$1,671,993
Equipment$261,065$407,870$668,935
Land$627,214-$627,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel PoppePresident/ CFT$154,478$23,800$178,278
Daniel PoppePresident/ CEO-$142,478$35,800$178,278
Rex MinertSenior ViceFT$108,190-$108,190

Board Members and Trustees

NameTitle
Ed McneffBoard Member
Eric NielsenBoard Member
Kim RossBoard Member
Kristen Hermansen-ryanBoard Member
Sean WagnerBoard Member
Steve StettnerBoard Member
Tracey HefnerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,427,490
Investment Income
$38,564
Other Revenue
$0
Change in Net Assets
$352,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,585,062
Other Expenses$1,528,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,171,290
Other Employee Benefits---$280,316
Office Expenses---$161,323
Depreciation Depletion---$140,001
Interest---$116,461
All Other Expenses---$84,146
Advertising---$83,202
Payroll Taxes---$79,236
Occupancy---$78,127
Pension Plan Contributions---$54,220
Other Expenses---$50,476
Conferences and Meetings---$50,230
Insurance---$25,512
Fees for Services Accounting---$4,135
Total Functional Expenses$0$0$0$3,113,826
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
Member Deposits$54,330,882
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

All depositors are considered members.

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

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

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

Any proposed mergers must be approved by a majority of the membership.

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

No review was or will be conducted.

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

The security matrix on the data processing system prohibits employees and directors from initiating transactions on all accounts listed on their conflict of interest disclosure statement, which is updated annually.

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

The process for determining compensation for the ceo includes a comparison of compensation for similarly qualified persons in comparable positions, review and approval by the board of directors and is documented in the board minutes. The last review was conducted in december 2018.

Form 990, Page 6, Part VI, Line 19

The monthly financial statements are posted in the lobby and are updated on a monthly basis. The governing documents and conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Archer Cooperative Credit Union
EIN
47-0093680
Phone
3087952204
Address
PO BOX 284, CENTRAL CITY, NE 68826

Signing Officer

Name
Daniel Poppe
Title
President/ CEO
Phone
3087952204
Signed
2019-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Poppe
Formed
1984
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
24
Volunteers
11

Preparer

Firm
Petersen & Associates
Address
506 E GOLD COAST RD STE 100, PAPILLION, NE 68046-4790
Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

N/A

Raw XML Appendix357 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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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02152851
IRS990ScheduleD/TotalLiabilityAmt054330882
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0142478
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DANIEL POPPE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/ CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0178278
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY PROPOSED MERGERS MUST BE APPROVED BY A MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SECURITY MATRIX ON THE DATA PROCESSING SYSTEM PROHIBITS EMPLOYEES AND DIRECTORS FROM INITIATING TRANSACTIONS ON ALL ACCOUNTS LISTED ON THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES A COMPARISON OF COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS, REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND IS DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW WAS CONDUCTED IN DECEMBER 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NE
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt061699287
IRS990/TotalAssetsEOYAmt068947351
IRS990/TotalAssetsGrp/BOYAmt061699287
IRS990/TotalAssetsGrp/EOYAmt068947351
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03113826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054964137
IRS990/TotalLiabilitiesEOYAmt061859973
IRS990/TotalLiabilitiesGrp/BOYAmt054964137
IRS990/TotalLiabilitiesGrp/EOYAmt061859973
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06735150
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07087378
IRS990/TotalOtherCompensationAmt023800
IRS990/TotalProgramServiceRevenueAmt03427490
IRS990/TotalReportableCompFromOrgAmt0262668
IRS990/TotalRevenueGrp/ExclusionAmt03466054
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03466054
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061699287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt068947351
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 284
IRS990/USAddress/CityNm0CENTRAL CITY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068826
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.ARCHERCCU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL POPPE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/ CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03087952204
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARCHER COOPERATIVE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ARCH
ReturnHeader/Filer/EIN0470093680
ReturnHeader/Filer/PhoneNum03087952204
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 284
ReturnHeader/Filer/USAddress/CityNm0CENTRAL CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068826
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.167.146.228
ReturnHeader/FilingSecurityInformation/IPDt02019-04-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:37:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470749138
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 E GOLD COAST RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680464790
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02019-04-24T13:37:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$105$95.0$10.4$7.19$6.08$1.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.6$86.3$9.32$6.42$5.89$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.7$81.9$8.80$5.42$4.69$0.73
2022Detailed filing. Detailed filing data is available for this year.$88.5$80.4$8.07$4.25$3.77$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.7$74.1$7.58$4.29$3.73$0.56
2020Detailed filing. Detailed filing data is available for this year.$77.7$70.7$7.02$3.76$3.84$0.09
2019Detailed filing. Detailed filing data is available for this year.$72.4$65.3$7.11$3.75$3.72$0.02
2018Detailed filing. Detailed filing data is available for this year.$68.9$61.9$7.09$3.47$3.11$0.35
2017Detailed filing. Detailed filing data is available for this year.$61.7$55.0$6.74$3.17$2.86$0.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.1$57.7$6.43$2.91$2.59$0.32
2015Detailed filing. Detailed filing data is available for this year.$55.8$49.7$6.11$2.71$2.53$0.18
2014Detailed filing. Detailed filing data is available for this year.$58.6$52.6$5.93$3.12$2.45$0.67
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.7$56.4$5.26$2.87$3.01$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.1$58.7$5.40$3.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$58.0$5.24$4.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.9$54.4$6.50$3.49