Civic Intelligence

First Nebraska Credit Union

990 • Fiscal year 2019 • EIN 47-0524996

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 29, 2020

10655 Bedford AveOmaha, NE 68134

(402) 492-9100

Siviq Scores

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

Liabilities / Assets

18th percentile

0.85x

Higher debt load relative to assets than 18% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

35th percentile

14.82x

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

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Net Margin

26th percentile

8.0%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

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

2019 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2019

Asset Growth

37th percentile

2.7%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

7.2%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$141,005,158

Up $3,747,980 (+2.7%) from 2018

Net Assets

Up

$21,768,255

Up $641,863 (+3.0%) from 2018

Liabilities

Up

$119,236,903

Up $3,106,117 (+2.7%) from 2018

Revenue

Up

$8,046,308

Up $538,319 (+7.2%) from 2018

Expenses

Up

$7,404,445

Up $519,253 (+7.5%) from 2018

Net Income

Up

$641,863

Up $19,066 (+3.1%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$141,005,158
Liabilities$119,236,903
Net Assets$21,768,255

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$8,046,308
Expenses$7,404,445
Net Income$641,863
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 29, 2020
Return Version
2019v5.0
Gross Receipts
$8,046,308
Mission and Program Overview

Mission

State chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$89,911,499$97,936,080▲ $8,024,581
Pd in Cap Srpls Land Bldg Eqp Fund$17,550,000$17,550,000→ $0
Savings and Temporary Cash Investments$16,776,220$14,269,223▼ $2,506,997
Investments in Publicly Traded Securities$16,770,409$12,763,524▼ $4,006,885
Land, Buildings, and Equipment, Net$5,356,852$7,167,135▲ $1,810,283
Rtn Earn Endowment Incm Other Fnds$3,576,392$4,218,255▲ $641,863
Cash and Non-Interest-Bearing Accounts$1,302,989$1,471,323▲ $168,334
Prepaid Expenses and Deferred Charges$255,654$304,822▲ $49,168
Accounts Receivable$9,250$2,082▼ $7,168
Total Assets$137,257,178$141,005,158▲ $3,747,980
Other Assets Total$6,874,305$7,090,969▲ $216,664
Liabilities
Other Liabilities$112,475,265$114,320,463▲ $1,845,198
Mortgage Notes Payable Secured by Investment Property$3,000,000$4,000,000▲ $1,000,000
Accounts Payable and Accrued Expenses$655,521$916,440▲ $260,919
Total Liabilities$116,130,786$119,236,903▲ $3,106,117
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,126,392$21,768,255▲ $641,863
Total Liabilities and Net Assets / Fund Balance$137,257,178$141,005,158▲ $3,747,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,891,934$1,222,505$5,114,439
Equipment$961,324$1,507,373$2,468,697
Land$2,313,877-$2,313,877
Other Assets Org$30,784--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cynthia ShermanBoard Member
Dolores HoganBoard Member
Gary ClawsenBoard Member
Jeff CampbellBoard Member
Julie BeersBoard Member
Michael HosovecBoard Member
Nancy WallaceBoard Member
Phil KottmeyerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,438,219
Investment Income
$608,089
Other Revenue
$0
Change in Net Assets
$641,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,046,308
Total Revenue per Audited Statements
$8,046,308
Total Revenue per Form 990
$8,046,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,882,179
Salaries, Compensation, and Employee Benefits$3,522,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,938,273
All Other Expenses---$569,641
Office Expenses---$545,935
Occupancy---$355,801
Advertising---$285,163
Other Employee Benefits---$282,490
Depreciation Depletion---$255,925
Payroll Taxes---$214,800
Other Expenses---$194,323
Pension Plan Contributions---$86,703
Interest---$65,947
Insurance---$64,443
Conferences and Meetings---$57,717
Fees for Services Legal---$38,396
Fees for Services Accounting---$34,813
Total Functional Expenses$0$0$0$7,404,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,404,445
Total Expenses per Audited Statements$7,404,445
Total Expenses per Form 990$7,404,445
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$114,320,463
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 2019.

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
Ann Loftis
Title
CEO
Phone
4024929100
Signed
2020-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Loftis
Formed
1964
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
79
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 Appendix363 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/LandGrp/BookValueAmt02313877
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02313877
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05433743
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11084711
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2322174
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3140146
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt479411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt530784
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COLI
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ACCRUED INTEREST ON INVESTMENTS
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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 2019.
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/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/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07404445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0116130786
IRS990/TotalLiabilitiesEOYAmt0119236903
IRS990/TotalLiabilitiesGrp/BOYAmt0116130786
IRS990/TotalLiabilitiesGrp/EOYAmt0119236903
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt021126392
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021768255
IRS990/TotalProgramServiceRevenueAmt07438219
IRS990/TotalRevenueGrp/ExclusionAmt08046308
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08046308
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137257178
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0141005158
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANN LOFTIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04024929100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST NEBRASKA CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0470524996
ReturnHeader/Filer/PhoneNum04024929100
ReturnHeader/Filer/USAddress/AddressLine1Txt010655 BEDFORD AVE
ReturnHeader/Filer/USAddress/CityNm0OMAHA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AA5E5617F0C7F7CF9897F415F01B95D9C4C9C7A2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.184.213.184
ReturnHeader/FilingSecurityInformation/IPDt02020-05-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:08:38
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/PreparationDt02020-05-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN O PETERSEN
ReturnHeader/ReturnTs02020-05-01T14:08:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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