Civic Intelligence

Unknown Organization

990 • Fiscal year 2013 • EIN 47-0389871

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

Organization ProfileWWW.LABORDEPTCU.ORG
PO Box 9460068509

(402) 471-9916

Siviq Scores

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

Liabilities / Assets

69th percentile

0.88x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

81st percentile

25.65x

Higher debt load relative to revenue than 81% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Net Margin

26th percentile

-8.8%

Higher net margin than 26% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2013

Asset Growth

19th percentile

-6.7%

Faster asset growth than 19% of similar nonprofits.

2013 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$3,734,040

Down $268,235 (-6.7%) from 2012

Net Assets

Down

$465,972

Down $11,139 (-2.3%) from 2012

Liabilities

Down

$3,268,068

Down $257,096 (-7.3%) from 2012

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin26th percentile

Revenue

$127,389

No earlier filing loaded for comparison.

Expenses

Down

$138,552

Down $6,850 (-4.7%) from 2012

Net Income

-$11,163

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,314,109Liabilities 2010: $3,821,426Net Assets 2010: $492,6832010Assets 2011: $4,090,064Liabilities 2011: $3,617,864Net Assets 2011: $472,2002011Assets 2012: $4,002,275Liabilities 2012: $3,525,164Net Assets 2012: $477,1112012Assets 2013: $3,734,040Liabilities 2013: $3,268,068Net Assets 2013: $465,9722013

Highlighted filing

2013

Assets$3,734,040
Liabilities$3,268,068
Net Assets$465,972
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $184,6982010Expenses 2011: $181,9312011Expenses 2012: $145,4022012Revenue 2013: $127,389Expenses 2013: $138,552Net Income 2013: -$11,1632013

Highlighted filing

2013

Revenue$127,389
Expenses$138,552
Net Income-$11,163
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.1
Gross Receipts
$127,389
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,091,963$2,042,783▼ $49,180
Other Notes and Loans Receivable, Net$1,859,136$1,638,466▼ $220,670
Rtn Earn Endowment Incm Other Fnds$299,951$288,788▼ $11,163
Pd in Cap Srpls Land Bldg Eqp Fund$177,160$177,184▲ $24
Cash and Non-Interest-Bearing Accounts$5,700$8,352▲ $2,652
Land, Buildings, and Equipment, Net$1,932$2,310▲ $378
Prepaid Expenses and Deferred Charges$1,731$1,789▲ $58
Total Assets$4,002,275$3,734,040▼ $268,235
Other Assets Total$41,813$40,340▼ $1,473
Liabilities
Other Liabilities$3,517,250$3,263,620▼ $253,630
Accounts Payable and Accrued Expenses$7,914$4,448▼ $3,466
Total Liabilities$3,525,164$3,268,068▼ $257,096
Net Assets / Fund Balance
Total Net Assets Fund Balance$477,111$465,972▼ $11,139
Total Liabilities and Net Assets / Fund Balance$4,002,275$3,734,040▼ $268,235

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,310$14,531$16,841
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Beverly LantBoard Member
John BaldusBoard Member
Jolee WheatleyBoard Member
Karen MosierBoard Member
Laurie SchleigerBoard Member
Lenora CastilloBoard Member
Tammy LogaBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$117,505
Investment Income
$9,884
Other Revenue
$0
Change in Net Assets
$-11,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$89,362
Other Expenses$49,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$81,565
Office Expenses---$14,435
Insurance---$7,036
Payroll Taxes---$6,442
Fees for Services Accounting---$3,030
All Other Expenses---$2,859
Other Expenses---$1,924
Other Employee Benefits---$1,355
Depreciation Depletion---$499
Occupancy---$439
Conferences and Meetings---$317
Total Functional Expenses$0$0$0$138,552
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$3,263,620
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 the 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 compensation for the manager is detemined by comparing the current level of compensation and a compensation survey provided by a third party. The compensation is then approved by the board of directors on an annual basis. The last evaluation was conducted in december 2013.”

Form 990, Page 6, Part VI, Line 19

“The monthly finacial statements are posted in the lobby of the credit union 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

EIN
47-0389871
Phone
4024719916

Signing Officer

Name
Lois M Kriger
Title
Manager
Phone
4024719916
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lois M Kriger
Formed
1939
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
15

Preparer

Preparer
Steven O Petersen
Phone
4023332800
Supplemental Narrative

Additional Explanations

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

“N/A”

Form 990, Page 5, Part V, Line 3B

“The credit union provides financial services to its members. All income and expenses are deemed related to the overall objective of member services.”

Form 990, Part XI, Line 9

“MEMBERSHIP FEES 24”

Raw XML Appendix316 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/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0127389
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09884
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt068
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipCostOrOtherBssAmt016841
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IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0477111
IRS990/NetAssetsOrFundBalancesEOYAmt0465972
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0439
IRS990/OfficeExpensesGrp/TotalAmt014435
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0DATA PROCESSING
IRS990/OtherExpensesGrp/Desc1DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3NCUSIF STABILIZATION LOSS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO ITS MEMBERS. ALL INCOME AND EXPENSES ARE DEEMED RELATED TO THE OVERALL OBJECTIVE OF MEMBER SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DEPOSITORS ARE CONSIDERED MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MEMBERS ELECT ON AN ANNUAL BASIS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY PROPOSED MERGERS MUST BE APPROVED BY THE MAJORITY OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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/ExplanationTxt7THE COMPENSATION FOR THE MANAGER IS DETEMINED BY COMPARING THE CURRENT LEVEL OF COMPENSATION AND A COMPENSATION SURVEY PROVIDED BY A THIRD PARTY. THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE LAST EVALUATION WAS CONDUCTED IN DECEMBER 2013.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE MONTHLY FINACIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION AND ARE UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MEMBERSHIP FEES 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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IRS990/TypeOfOrganizationAssocInd0X
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IRS990/USAddress/ZIPCode068509
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOIS M KRIGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04024719916
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10LABOR DEPARTMENT CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0470389871
ReturnHeader/Filer/PhoneNum04024719916
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 94600
ReturnHeader/Filer/USAddress/City0LINCOLN
ReturnHeader/Filer/USAddress/State0NE
ReturnHeader/Filer/USAddress/ZIPCode068509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101410 GOLD COAST RD 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0680465742
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02014-05-09T08:28:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,734,040
Liabilities
$3,268,068
Net assets
$465,972
Revenue
$127,389
Expenses
$138,552
Net income
-$11,163
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Detailed filing. Detailed filing data is available for this year.$3.73$3.27$0.47$0.13$0.14$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$3.53$0.48$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$3.62$0.47$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$3.82$0.49$0.18