Civic Intelligence

Nebraska State Employees Credit Union

990 • Fiscal year 2014 • EIN 47-0393246

Jan 01, 2014 to Dec 31, 2014 • Filed on May 04, 2015

Organization ProfileWWW.NSECU.ORG

View Organization Page

330 S 16 StLincoln, NE 68509

(402) 471-2561

Siviq Scores

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

Liabilities / Assets

87th percentile

0.92x

Higher debt load relative to assets than 87% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

31.26x

Higher debt load relative to revenue than 93% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

94th percentile

23%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

98th percentile

20%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

28%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$27,535,164

Up $4,661,125 (+20%) from 2013

Net Assets

Up

$2,299,859

Up $638,664 (+38%) from 2013

Liabilities

Up

$25,235,305

Up $4,022,461 (+19%) from 2013

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin94th percentile

Revenue

Up

$807,158

Up $175,322 (+28%) from 2013

Expenses

Down

$623,347

Down $39,713 (-6.0%) from 2013

Net Income

Up

$183,811

Up $215,035 (+689%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$40M$30M$20M$10M$0Assets 2010: $23,131,590Liabilities 2010: $21,309,996Net Assets 2010: $1,821,5942010Assets 2011: $22,568,326Liabilities 2011: $20,866,087Net Assets 2011: $1,702,2392011Assets 2012: $22,676,645Liabilities 2012: $20,984,226Net Assets 2012: $1,692,4192012Assets 2013: $22,874,039Liabilities 2013: $21,212,844Net Assets 2013: $1,661,1952013Assets 2014: $27,535,164Liabilities 2014: $25,235,305Net Assets 2014: $2,299,8592014Assets 2015: $28,850,459Liabilities 2015: $26,500,188Net Assets 2015: $2,350,2712015Assets 2016: $28,747,672Liabilities 2016: $26,326,165Net Assets 2016: $2,421,5072016Assets 2017: $28,656,707Liabilities 2017: $26,118,982Net Assets 2017: $2,537,7252017Assets 2018: $27,456,175Liabilities 2018: $24,756,571Net Assets 2018: $2,699,6042018Assets 2019: $28,044,931Liabilities 2019: $25,093,493Net Assets 2019: $2,951,4382019Assets 2020: $31,401,015Liabilities 2020: $28,331,319Net Assets 2020: $3,069,6962020Assets 2021: $33,032,597Liabilities 2021: $30,044,627Net Assets 2021: $2,987,9702021Assets 2022: $33,730,263Liabilities 2022: $30,659,197Net Assets 2022: $3,071,0662022Assets 2023: $31,593,446Liabilities 2023: $28,120,205Net Assets 2023: $3,473,2412023Assets 2024: $34,657,427Liabilities 2024: $30,653,410Net Assets 2024: $4,004,0172024

Highlighted filing

2014

Assets$27,535,164
Liabilities$25,235,305
Net Assets$2,299,859
Open 2014 Filing

Operations Trend

Revenue Growth99th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,192,7772010Expenses 2011: $954,0112011Expenses 2012: $700,6252012Revenue 2013: $631,836Expenses 2013: $663,060Net Income 2013: -$31,2242013Revenue 2014: $807,158Expenses 2014: $623,347Net Income 2014: $183,8112014Revenue 2015: $785,599Expenses 2015: $735,187Net Income 2015: $50,4122015Revenue 2016: $797,630Expenses 2016: $726,394Net Income 2016: $71,2362016Revenue 2017: $825,190Expenses 2017: $708,972Net Income 2017: $116,2182017Revenue 2018: $948,634Expenses 2018: $786,755Net Income 2018: $161,8792018Revenue 2019: $1,011,722Expenses 2019: $759,888Net Income 2019: $251,8342019Revenue 2020: $809,916Expenses 2020: $691,658Net Income 2020: $118,2582020Revenue 2021: $630,843Expenses 2021: $712,569Net Income 2021: -$81,7262021Revenue 2022: $854,292Expenses 2022: $771,196Net Income 2022: $83,0962022Revenue 2023: $1,331,092Expenses 2023: $928,917Net Income 2023: $402,1752023Revenue 2024: $1,797,927Expenses 2024: $1,267,151Net Income 2024: $530,7762024

Highlighted filing

2014

Revenue$807,158
Expenses$623,347
Net Income$183,811
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 4, 2015
Return Version
2014v5.0
Gross Receipts
$807,158
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,917,880$17,249,903▲ $2,332,023
Other Notes and Loans Receivable, Net$7,436,633$9,668,793▲ $2,232,160
Rtn Earn Endowment Incm Other Fnds$1,090,449$1,554,436▲ $463,987
Pd in Cap Srpls Land Bldg Eqp Fund$570,746$745,423▲ $174,677
Land, Buildings, and Equipment, Net$176,005$169,230▼ $6,775
Cash and Non-Interest-Bearing Accounts$89,934$105,635▲ $15,701
Prepaid Expenses and Deferred Charges$16,665$20,982▲ $4,317
Accounts Receivable$22$120▲ $98
Total Assets$22,874,039$27,535,164▲ $4,661,125
Other Assets Total$236,900$320,501▲ $83,601
Liabilities
Other Liabilities$21,162,863$25,168,782▲ $4,005,919
Accounts Payable and Accrued Expenses$49,981$66,523▲ $16,542
Total Liabilities$21,212,844$25,235,305▲ $4,022,461
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,661,195$2,299,859▲ $638,664
Total Liabilities and Net Assets / Fund Balance$22,874,039$27,535,164▲ $4,661,125

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,010$291,983$311,993
Buildings$46,220$151,180$197,400
Land$103,000-$103,000
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Albert NielsenBoard Member
Jeff BromanBoard Member
John BaldusBoard Member
Karen MosierBoard Member
Mark HermanBoard Member
Pete AndersenBoard Member
Ron RiethmullerBoard Member
Shirley DeethardtBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$528,313
Investment Income
$278,845
Other Revenue
$0
Change in Net Assets
$183,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$807,158
Total Revenue per Audited Statements
$807,158
Total Revenue per Form 990
$807,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$351,403
Salaries, Compensation, and Employee Benefits$271,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$204,872
Office Expenses---$53,341
All Other Expenses---$50,903
Other Expenses---$33,454
Pension Plan Contributions---$25,779
Other Employee Benefits---$25,385
Insurance---$16,926
Depreciation Depletion---$16,549
Payroll Taxes---$15,908
Fees for Services Accounting---$15,150
Occupancy---$14,759
Conferences and Meetings---$1,746
Fees for Services Legal---$1,696
Advertising---$1,417
Total Functional Expenses$0$0$0$623,347

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$623,347
Total Expenses per Audited Statements$623,347
Total Expenses per Form 990$623,347
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$25,168,782
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 chairman of the board and treasurer of the board recommend the president's salary based on salary surveys completed by the credit union national association and the nebraska credit union league. The salary is then approved by the board of directors. The last salary evaluation was conducted in december 2014.”

Form 990, Page 6, Part VI, Line 19

“The credit union's governing documents and conflict of interest policy are available to be inspected at the credit union's main office. The financial statements are posted in the lobby of each branch and are updated on a monthly basis.”

Filing and Contact Details

Filer

Filer Name
Nebraska State Employees Cu
EIN
47-0393246
Phone
4024712561
Address
330 S 16 ST, LINCOLN, NE 68509

Signing Officer

Name
Chris Nielsen
Title
President
Phone
4024712561
Signed
2015-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Nielsen
Formed
1941
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
16

Preparer

Firm
Petersen & Associates
Address
1410 GOLD COAST RD 400, PAPILLION, NE 68046-5742
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

“Equity of merged cu 454,853”

Raw XML Appendix339 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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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 A 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 CHAIRMAN OF THE BOARD AND TREASURER OF THE BOARD RECOMMEND THE PRESIDENT'S SALARY BASED ON SALARY SURVEYS COMPLETED BY THE CREDIT UNION NATIONAL ASSOCIATION AND THE NEBRASKA CREDIT UNION LEAGUE. THE SALARY IS THEN APPROVED BY THE BOARD OF DIRECTORS. THE LAST SALARY EVALUATION WAS CONDUCTED IN DECEMBER 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO BE INSPECTED AT THE CREDIT UNION'S MAIN OFFICE. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH AND ARE UPDATED ON A MONTHLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EQUITY OF MERGED CU 454,853
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623347
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021212844
IRS990/TotalLiabilitiesEOYAmt025235305
IRS990/TotalLiabilitiesGrp/BOYAmt021212844
IRS990/TotalLiabilitiesGrp/EOYAmt025235305
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01661195
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02299859
IRS990/TotalProgramServiceRevenueAmt0528313
IRS990/TotalRevenueGrp/ExclusionAmt0807158
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0807158
IRS990/TotalVolunteersCnt016
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022874039
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027535164
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0330 S 16 ST
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068509
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.NSECU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS NIELSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04024712561
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEBRASKA STATE EMPLOYEES CU
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETERSEN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01410 GOLD COAST RD 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PAPILLION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0680465742
ReturnHeader/PreparerPersonGrp/PhoneNum04023332800
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02015-05-08T11:16:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,535,164
Liabilities
$25,235,305
Net assets
$2,299,859
Revenue
$807,158
Expenses
$623,347
Net income
$183,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.7$30.7$4.00$1.80$1.27$0.53
2023Detailed filing. Detailed filing data is available for this year.$31.6$28.1$3.47$1.33$0.93$0.40
2022Detailed filing. Detailed filing data is available for this year.$33.7$30.7$3.07$0.85$0.77$0.08
2021Detailed filing. Detailed filing data is available for this year.$33.0$30.0$2.99$0.63$0.71$0.08
2020Detailed filing. Detailed filing data is available for this year.$31.4$28.3$3.07$0.81$0.69$0.12
2019Detailed filing. Detailed filing data is available for this year.$28.0$25.1$2.95$1.01$0.76$0.25
2018Detailed filing. Detailed filing data is available for this year.$27.5$24.8$2.70$0.95$0.79$0.16
2017Detailed filing. Detailed filing data is available for this year.$28.7$26.1$2.54$0.83$0.71$0.12
2016Detailed filing. Detailed filing data is available for this year.$28.7$26.3$2.42$0.80$0.73$0.07
2015Detailed filing. Detailed filing data is available for this year.$28.9$26.5$2.35$0.79$0.74$0.05
2014Detailed filing. Detailed filing data is available for this year.$27.5$25.2$2.30$0.81$0.62$0.18
2013Detailed filing. Detailed filing data is available for this year.$22.9$21.2$1.66$0.63$0.66$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$21.0$1.69$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$20.9$1.70$0.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$21.3$1.82$1.19