Civic Intelligence

First Nebraska Credit Union

EIN 47-0524996 • 501(c)14 • Omaha, NE

Profile

State chartered credit union

10655 Bedford AveOmaha, NE 68134

www.firstnebraska.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.87x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

14.21x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Net Margin

40th percentile

9.4%

Higher net margin than 40% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-1.3%

Faster asset growth than 24% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

7.3%

Faster revenue growth than 24% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$182,580,654

Down $2,466,812 (-1.3%) from 2023

Liabilities

Down

$158,164,378

Down $3,395,315 (-2.1%) from 2023

Net Assets

Up

$24,416,276

Up $928,503 (+4.0%) from 2023

Revenue

Up

$11,132,438

Up $757,006 (+7.3%) from 2023

Expenses

Up

$10,086,553

Up $904,360 (+9.8%) from 2023

Net Income

Down

$1,045,885

Down $147,354 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2010: $83,134,911Liabilities 2010: $69,078,395Net Assets 2010: $14,056,5162010Assets 2011: $87,352,788Liabilities 2011: $72,764,324Net Assets 2011: $14,588,4642011Assets 2012: $89,282,496Liabilities 2012: $73,898,852Net Assets 2012: $15,383,6442012Assets 2013: $93,742,838Liabilities 2013: $77,597,057Net Assets 2013: $16,145,7812013Assets 2014: $97,265,983Liabilities 2014: $80,356,596Net Assets 2014: $16,909,3872014Assets 2015: $115,052,739Liabilities 2015: $95,936,551Net Assets 2015: $19,116,1882015Assets 2016: $120,249,020Liabilities 2016: $100,414,030Net Assets 2016: $19,834,9902016Assets 2017: $134,227,899Liabilities 2017: $113,724,304Net Assets 2017: $20,503,5952017Assets 2018: $137,257,178Liabilities 2018: $116,130,786Net Assets 2018: $21,126,3922018Assets 2019: $141,005,158Liabilities 2019: $119,236,903Net Assets 2019: $21,768,2552019Assets 2020: $157,193,521Liabilities 2020: $134,919,139Net Assets 2020: $22,274,3822020Assets 2021: $169,996,171Liabilities 2021: $147,297,543Net Assets 2021: $22,698,6282021Assets 2022: $183,513,271Liabilities 2022: $161,538,139Net Assets 2022: $21,975,1322022Assets 2023: $185,047,466Liabilities 2023: $161,559,693Net Assets 2023: $23,487,7732023Assets 2024: $182,580,654Liabilities 2024: $158,164,378Net Assets 2024: $24,416,2762024

Highlighted filing

2024

Assets$182,580,654
Liabilities$158,164,378
Net Assets$24,416,276

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $5,123,1102010Expenses 2011: $5,190,9552011Expenses 2012: $4,920,0652012Revenue 2013: $5,894,026Expenses 2013: $5,131,889Net Income 2013: $762,1372013Revenue 2014: $5,849,601Expenses 2014: $5,085,995Net Income 2014: $763,6062014Revenue 2015: $6,083,456Expenses 2015: $5,288,865Net Income 2015: $794,5912015Revenue 2016: $6,422,621Expenses 2016: $5,703,819Net Income 2016: $718,8022016Revenue 2017: $6,805,092Expenses 2017: $6,136,487Net Income 2017: $668,6052017Revenue 2018: $7,507,989Expenses 2018: $6,885,192Net Income 2018: $622,7972018Revenue 2019: $8,046,308Expenses 2019: $7,404,445Net Income 2019: $641,8632019Revenue 2020: $8,099,975Expenses 2020: $7,577,854Net Income 2020: $522,1212020Revenue 2021: $8,202,195Expenses 2021: $7,609,795Net Income 2021: $592,4002021Revenue 2022: $8,714,071Expenses 2022: $8,214,075Net Income 2022: $499,9962022Revenue 2023: $10,375,432Expenses 2023: $9,182,193Net Income 2023: $1,193,2392023Revenue 2024: $11,132,438Expenses 2024: $10,086,553Net Income 2024: $1,045,8852024

Highlighted filing

2024

Revenue$11,132,438
Expenses$10,086,553
Net Income$1,045,885

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$183$158$24.4$11.1$10.1$1.05
2023Detailed filing. Detailed filing data is available for this year.$185$162$23.5$10.4$9.18$1.19
2022Detailed filing. Detailed filing data is available for this year.$184$162$22.0$8.71$8.21$0.50
2021Detailed filing. Detailed filing data is available for this year.$170$147$22.7$8.20$7.61$0.59
2020Detailed filing. Detailed filing data is available for this year.$157$135$22.3$8.10$7.58$0.52
2019Detailed filing. Detailed filing data is available for this year.$141$119$21.8$8.05$7.40$0.64
2018Detailed filing. Detailed filing data is available for this year.$137$116$21.1$7.51$6.89$0.62
2017Detailed filing. Detailed filing data is available for this year.$134$114$20.5$6.81$6.14$0.67
2016Detailed filing. Detailed filing data is available for this year.$120$100$19.8$6.42$5.70$0.72
2015Detailed filing. Detailed filing data is available for this year.$115$95.9$19.1$6.08$5.29$0.79
2014Detailed filing. Detailed filing data is available for this year.$97.3$80.4$16.9$5.85$5.09$0.76
2013Detailed filing. Detailed filing data is available for this year.$93.7$77.6$16.1$5.89$5.13$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.3$73.9$15.4$4.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.4$72.8$14.6$5.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.1$69.1$14.1$5.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.0
Gross Receipts
$11,132,438
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$126,072,809$119,048,304▼ $7,024,505
Investments in Publicly Traded Securities$34,013,813$30,704,723▼ $3,309,090
Pd in Cap Srpls Land Bldg Eqp Fund$17,765,692$17,765,692→ $0
Savings and Temporary Cash Investments$7,902,784$15,029,784▲ $7,127,000
Rtn Earn Endowment Incm Other Fnds$5,722,081$6,650,584▲ $928,503
Land, Buildings, and Equipment, Net$6,158,198$5,924,273▼ $233,925
Cash and Non-Interest-Bearing Accounts$1,655,858$2,152,140▲ $496,282
Prepaid Expenses and Deferred Charges$470,984$674,489▲ $203,505
Accounts Receivable$21,147$9,980▼ $11,167
Total Assets$185,047,466$182,580,654▼ $2,466,812
Other Assets Total$8,751,873$9,036,961▲ $285,088
Liabilities
Other Liabilities$150,950,564$156,830,150▲ $5,879,586
Mortgage Notes Payable Secured by Investment Property$8,700,000--
Accounts Payable and Accrued Expenses$1,909,129$1,334,228▼ $574,901
Total Liabilities$161,559,693$158,164,378▼ $3,395,315
Net Assets / Fund Balance
Total Net Assets Fund Balance$23,487,773$24,416,276▲ $928,503
Total Liabilities and Net Assets / Fund Balance$185,047,466$182,580,654▼ $2,466,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,128,841$1,708,003$4,836,844
Equipment$645,287$2,101,375$2,746,662
Land$2,150,145-$2,150,145
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julie BeersBoard Member
Karen FisherBoard Member
Michael HosovecBoard Member
Nancy WallaceBoard Member
Paul Collett JrBoard Member
Phil KottmeyerBoard Member
William BurnsBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,938,391
Investment Income
$1,194,047
Other Revenue
$0
Change in Net Assets
$1,045,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,132,438
Total Revenue per Audited Statements
$11,132,438
Total Revenue per Form 990
$11,132,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,086,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$1,755,186
Office Expenses---$759,339
Depreciation Depletion---$511,893
Other Expenses---$394,631
Occupancy---$340,856
Advertising---$181,638
Interest---$97,740
Conferences and Meetings---$83,803
Insurance---$73,259
Fees for Services Accounting---$31,841
Fees for Services Legal---$30,890
Total Functional Expenses$0$0$0$10,086,553

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,086,553
Total Expenses per Audited Statements$10,086,553
Total Expenses per Form 990$10,086,553
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$156,830,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 martix 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 ceo is compared to a compensation planning software purchsed from a third party. The compensation level is then approved by the board of directors on an annual basis. The last evaluation was conducted in december 2024.

Form 990, Page 6, Part VI, Line 19

The monthly financial statements are posted in the lobby of each branch and updated on a monthly basis. The governing documents and conflict of interest policy are not made available to the general public.

Filing and Contact Details

Filer

Filer Name
First Nebraska Credit Union
EIN
47-0524996
Phone
4024929100
Address
10655 BEDFORD AVE, OMAHA, NE 68134

Signing Officer

Name
Dale Kovar
Title
President/CEO
Phone
4024929100
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Kovar
Formed
1964
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
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

Form 990, Part IX, Line 24E

Loan servicing 349,333 0 0 data processing 342,443 0 0 benefits 263,405 0 0 payroll taxes 260,496 0 0 miscellaneous expense 241,316 0 0 outside services 110,759 0 0 pension 101,587 0 0 association dues 34,123 0 0 taxes 32,758 0 0 exam fees 18,966 0 0 total 1,755,186 0 0

Form 990, Part XI, Line 9

Net change in investment valuation reserve -117,382

Raw XML Appendix338 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/RelatedEntityInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06650584
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt015029784
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03128841
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01708003
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04836844
IRS990ScheduleD/EquipmentGrp/BookValueAmt0645287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02101375
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02746662
IRS990ScheduleD/ExpensesSubtotalAmt010086553
IRS990ScheduleD/LandGrp/BookValueAmt02150145
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02150145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0156830150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt011132438
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05924273
IRS990ScheduleD/TotalExpensesPerForm990Amt010086553
IRS990ScheduleD/TotalLiabilityAmt0156830150
IRS990ScheduleD/TotalRevenuePerForm990Amt011132438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011132438
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010086553
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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 MARTIX 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 COMPENSATION FOR THE CEO IS COMPARED TO A COMPENSATION PLANNING SOFTWARE PURCHSED FROM A THIRD PARTY. THE COMPENSATION LEVEL IS THEN APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE LAST EVALUATION WAS CONDUCTED IN DECEMBER 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH AND UPDATED ON A MONTHLY BASIS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOAN SERVICING 349,333 0 0 DATA PROCESSING 342,443 0 0 BENEFITS 263,405 0 0 PAYROLL TAXES 260,496 0 0 MISCELLANEOUS EXPENSE 241,316 0 0 OUTSIDE SERVICES 110,759 0 0 PENSION 101,587 0 0 ASSOCIATION DUES 34,123 0 0 TAXES 32,758 0 0 EXAM FEES 18,966 0 0 TOTAL 1,755,186 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET CHANGE IN INVESTMENT VALUATION RESERVE -117,382
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt010086553
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0161559693
IRS990/TotalLiabilitiesEOYAmt0158164378
IRS990/TotalLiabilitiesGrp/BOYAmt0161559693
IRS990/TotalLiabilitiesGrp/EOYAmt0158164378
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023487773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024416276
IRS990/TotalProgramServiceRevenueAmt09938391
IRS990/TotalRevenueGrp/ExclusionAmt011132438
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011132438
IRS990/TotalVolunteersCnt09
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010655 BEDFORD AVE
IRS990/USAddress/CityNm0OMAHA
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IRS990/USAddress/ZIPCd068134
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0WWW.FIRSTNEBRASKA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DALE KOVAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04024929100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST NEBRASKA CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0470524996
ReturnHeader/Filer/PhoneNum04024929100
ReturnHeader/Filer/USAddress/AddressLine1Txt010655 BEDFORD AVE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02025-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02025-04-28T10:22:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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