Civic Intelligence

Nebraska State Employees Credit Union

990 • Fiscal year 2016 • EIN 47-0393246

Jan 01, 2016 to Dec 31, 2016 • Filed on May 02, 2017

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

86th percentile

0.92x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

33.01x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

54th percentile

8.9%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

18th percentile

-0.4%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

38th percentile

1.5%

Faster revenue growth than 38% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$28,747,672

Down $102,787 (-0.4%) from 2015

Net Assets

Up

$2,421,507

Up $71,236 (+3.0%) from 2015

Liabilities

Down

$26,326,165

Down $174,023 (-0.7%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin54th percentile

Revenue

Up

$797,630

Up $12,031 (+1.5%) from 2015

Expenses

Down

$726,394

Down $8,793 (-1.2%) from 2015

Net Income

Up

$71,236

Up $20,824 (+41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2016

Assets$28,747,672
Liabilities$26,326,165
Net Assets$2,421,507
Open 2016 Filing

Operations Trend

Revenue Growth38th 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

2016

Revenue$797,630
Expenses$726,394
Net Income$71,236
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 2, 2017
Return Version
2016v3.0
Gross Receipts
$797,630
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$17,921,699$18,178,364▲ $256,665
Other Notes and Loans Receivable, Net$10,304,355$9,997,527▼ $306,828
Rtn Earn Endowment Incm Other Fnds$1,607,026$1,684,190▲ $77,164
Pd in Cap Srpls Land Bldg Eqp Fund$743,245$737,317▼ $5,928
Land, Buildings, and Equipment, Net$157,717$146,169▼ $11,548
Cash and Non-Interest-Bearing Accounts$103,719$85,253▼ $18,466
Prepaid Expenses and Deferred Charges$25,283$26,609▲ $1,326
Accounts Receivable$3,625$3,133▼ $492
Total Assets$28,850,459$28,747,672▼ $102,787
Other Assets Total$334,061$310,617▼ $23,444
Liabilities
Other Liabilities$26,443,225$26,281,710▼ $161,515
Accounts Payable and Accrued Expenses$56,963$44,455▼ $12,508
Total Liabilities$26,500,188$26,326,165▼ $174,023
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,350,271$2,421,507▲ $71,236
Total Liabilities and Net Assets / Fund Balance$28,850,459$28,747,672▼ $102,787

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,564$303,172$315,736
Buildings$30,605$166,795$197,400
Land$103,000-$103,000
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Albert NielsenBoard Member
Cathy WannBoard Member
Jeff BromanBoard Member
John SheltonBoard 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
$600,939
Investment Income
$196,691
Other Revenue
$0
Change in Net Assets
$71,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$797,630
Total Revenue per Audited Statements
$797,630
Total Revenue per Form 990
$797,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$378,576
Salaries, Compensation, and Employee Benefits$347,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$268,854
All Other Expenses---$64,429
Office Expenses---$59,921
Other Expenses---$36,302
Pension Plan Contributions---$30,649
Other Employee Benefits---$27,904
Payroll Taxes---$20,411
Insurance---$18,678
Occupancy---$17,744
Depreciation Depletion---$12,749
Fees for Services Accounting---$12,600
Conferences and Meetings---$3,028
Fees for Services Legal---$1,597
Advertising---$1,075
Total Functional Expenses$0$0$0$726,394

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$726,394
Total Expenses per Audited Statements$726,394
Total Expenses per Form 990$726,394
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$26,281,710
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 2016.”

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
2017-05-02
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
9

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 Appendix334 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/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 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 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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/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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028850459
IRS990/TotalAssetsEOYAmt028747672
IRS990/TotalAssetsGrp/BOYAmt028850459
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IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0726394
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026500188
IRS990/TotalLiabilitiesEOYAmt026326165
IRS990/TotalLiabilitiesGrp/BOYAmt026500188
IRS990/TotalLiabilitiesGrp/EOYAmt026326165
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02350271
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02421507
IRS990/TotalProgramServiceRevenueAmt0600939
IRS990/TotalRevenueGrp/ExclusionAmt0797630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0797630
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028850459
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028747672
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS NIELSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04024712561
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEBRASKA STATE EMPLOYEES CU
ReturnHeader/Filer/BusinessNameControlTxt0NEBR
ReturnHeader/Filer/EIN0470393246
ReturnHeader/Filer/PhoneNum04024712561
ReturnHeader/Filer/USAddress/AddressLine1Txt0330 S 16 ST
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
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/PreparationDt02017-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02017-05-04T15:10:53-05:00
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
$28,747,672
Liabilities
$26,326,165
Net assets
$2,421,507
Revenue
$797,630
Expenses
$726,394
Net income
$71,236
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
Peer Organizations

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