Civic Intelligence

Peoples Choice Credit Union

990 • Fiscal year 2017 • EIN 48-0174445

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 19, 2018

PO Box 467Coffeyville, KS 67337-0467

(620) 251-9280

Siviq Scores

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

Liabilities / Assets

19th percentile

0.77x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

17.05x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$48,855

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.8%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

0.7%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,197,216

Down $205,728 (-2.8%) from 2016

Net Assets

Up

$1,633,867

Up $16,989 (+1.1%) from 2016

Liabilities

Down

$5,563,349

Down $222,717 (-3.8%) from 2016

Revenue

Up

$326,322

Up $2,291 (+0.7%) from 2016

Expenses

Up

$309,333

Up $8,550 (+2.8%) from 2016

Net Income

Down

$16,989

Down $6,259 (-27%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,431,939Liabilities 2010: $4,984,787Net Assets 2010: $1,447,1522010Assets 2011: $6,668,164Liabilities 2011: $5,172,436Net Assets 2011: $1,495,7282011Assets 2012: $7,161,553Liabilities 2012: $5,635,544Net Assets 2012: $1,526,0092012Assets 2013: $7,224,313Liabilities 2013: $5,677,161Net Assets 2013: $1,547,1522013Assets 2014: $7,252,014Liabilities 2014: $5,695,545Net Assets 2014: $1,556,4692014Assets 2015: $7,257,169Liabilities 2015: $5,663,539Net Assets 2015: $1,593,6302015Assets 2016: $7,402,944Liabilities 2016: $5,786,066Net Assets 2016: $1,616,8782016Assets 2017: $7,197,216Liabilities 2017: $5,563,349Net Assets 2017: $1,633,8672017Assets 2018: $6,814,208Liabilities 2018: $5,222,884Net Assets 2018: $1,591,3242018Assets 2019: $6,684,500Liabilities 2019: $5,048,988Net Assets 2019: $1,635,5122019Assets 2020: $7,959,184Liabilities 2020: $6,279,093Net Assets 2020: $1,680,0912020Assets 2021: $7,771,360Liabilities 2021: $6,054,908Net Assets 2021: $1,716,4522021Assets 2022: $7,694,764Liabilities 2022: $5,949,228Net Assets 2022: $1,745,5362022Assets 2023: $7,713,881Liabilities 2023: $5,922,524Net Assets 2023: $1,791,3572023Assets 2024: $7,122,592Liabilities 2024: $5,329,723Net Assets 2024: $1,792,8692024

Highlighted filing

2017

Assets$7,197,216
Liabilities$5,563,349
Net Assets$1,633,867

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $326,6642010Expenses 2011: $342,7892011Expenses 2012: $350,2532012Revenue 2013: $338,660Expenses 2013: $317,517Net Income 2013: $21,1432013Revenue 2014: $310,501Expenses 2014: $301,184Net Income 2014: $9,3172014Revenue 2015: $320,799Expenses 2015: $283,638Net Income 2015: $37,1612015Revenue 2016: $324,031Expenses 2016: $300,783Net Income 2016: $23,2482016Revenue 2017: $326,322Expenses 2017: $309,333Net Income 2017: $16,9892017Revenue 2018: $335,890Expenses 2018: $378,433Net Income 2018: -$42,5432018Revenue 2019: $351,291Expenses 2019: $235,503Net Income 2019: $115,7882019Revenue 2020: $332,035Expenses 2020: $287,456Net Income 2020: $44,5792020Revenue 2021: $315,262Expenses 2021: $278,901Net Income 2021: $36,3612021Revenue 2022: $329,082Expenses 2022: $299,998Net Income 2022: $29,0842022Revenue 2023: $365,934Expenses 2023: $320,113Net Income 2023: $45,8212023Revenue 2024: $377,921Expenses 2024: $376,409Net Income 2024: $1,5122024

Highlighted filing

2017

Revenue$326,322
Expenses$309,333
Net Income$16,989
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 19, 2018
Return Version
2017v2.2
Gross Receipts
$441,381
Mission and Program Overview

Mission

To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the credit union.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,757,873$4,262,493▼ $495,380
Other Notes and Loans Receivable, Net$2,026,056$2,221,328▲ $195,272
Rtn Earn Endowment Incm Other Fnds$1,616,878$1,633,867▲ $16,989
Investments Other Securities$240,000$356,667▲ $116,667
Cash and Non-Interest-Bearing Accounts$262,058$229,357▼ $32,701
Land, Buildings, and Equipment, Net$27,466$24,121▼ $3,345
Prepaid Expenses and Deferred Charges$6,924$16,121▲ $9,197
Accounts Receivable$383$715▲ $332
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,402,944$7,197,216▼ $205,728
Other Assets Total$82,184$86,414▲ $4,230
Liabilities
Other Liabilities$5,765,888$5,543,603▼ $222,285
Accounts Payable and Accrued Expenses$20,178$19,746▼ $432
Total Liabilities$5,786,066$5,563,349▼ $222,717
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,616,878$1,633,867▲ $16,989
Total Liabilities and Net Assets / Fund Balance$7,402,944$7,197,216▼ $205,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$964$174,479$175,443
Equipment$9,377$56,139$65,516
Land$13,780-$13,780
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tana NealManager/treasurerFT$42,037$6,818$48,855

Board Members and Trustees

NameTitle
Philip MerrimanChairman
Larry YoungVice Chairman
Barbara NelsonBoard Member
Bruce MainBoard Member
Mike SlaskaBoard Member
Sheryl CamachoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$228,877
Investment Income
$94,317
Other Revenue
$3,128
Change in Net Assets
$16,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$179,209
Salaries, Compensation, and Employee Benefits$130,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$63,188
Other Salaries and Wages---$59,184
Current Officers, Directors, Trustees, and Key Employees---$48,855
Other Employee Benefits---$13,375
Occupancy---$13,080
Fees for Services Accounting---$9,990
Payroll Taxes---$8,710
Insurance---$8,260
Other Expenses---$4,806
Depreciation Depletion---$3,345
Advertising---$2,945
All Other Expenses---$2,810
Fees for Services Other---$2,124
Conferences and Meetings---$1,754
Fees for Services Legal---$671
Total Functional Expenses$0$0$0$309,333
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 Share Deposits$5,543,603
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section A, line 6

The credit union is mutually owned by members.

Form 990, Part VI, Section A, line 7A

The board of directors are elected by the credit union members.

Form 990, Part VI, Section A, line 7B

Significant changes such as changes to bylaws and mergers are subject to approval by the credit union members; however, no such changes were made during the year.

Form 990, Part VI, Section B, line 11B

The supervisory committee reviews the form 990 return before presenting it to the board for approval.

Form 990, Part VI, Section B, line 12C

On an annual basis, all officers, directors and employees are required to review the conflict of interest policy, disclose any interests that could give rise to conflict, and submit a signed statement to that effect. These statements are maintained on file at the credit union.

Form 990, Part VI, Section B, line 15

The board of directors reviews and approves all compensation, including the manager's, as part of the budget approval process. A study incorporating national statistics was performed in 2005; annual increases have been approved up to 3% since then. Deliberations and decisions are documented in the board minutes.

Form 990, Part VI, Section C, line 19

Financial statements are posted in the credit union lobby and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents, policies, and procedures are available upon request.

Filing and Contact Details

Filer

Filer Name
Peoples Choice Credit Union
EIN
48-0174445
Phone
6202519280
Address
PO BOX 467, COFFEYVILLE, KS 67337-0467

Signing Officer

Name
Tana Neal
Title
Manager/treasurer
Phone
6202519280
Signed
2018-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tana Neal
Formed
1935
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
13

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Preparer
Jerry Tenbrink
Phone
9138946214
Raw XML Appendix355 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/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2017, THERE WERE 298 LOANS OUTSTANDING TOTALING $2,263,953.
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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0964
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0174479
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0175443
IRS990ScheduleD/EquipmentGrp/BookValueAmt09377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056139
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065516
IRS990ScheduleD/LandGrp/BookValueAmt013780
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05543603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024121
IRS990ScheduleD/TotalLiabilityAmt05543603
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SIGNIFICANT CHANGES SUCH AS CHANGES TO BYLAWS AND MERGERS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SUPERVISORY COMMITTEE REVIEWS THE FORM 990 RETURN BEFORE PRESENTING IT TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, ALL OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT, AND SUBMIT A SIGNED STATEMENT TO THAT EFFECT. THESE STATEMENTS ARE MAINTAINED ON FILE AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION, INCLUDING THE MANAGER'S, AS PART OF THE BUDGET APPROVAL PROCESS. A STUDY INCORPORATING NATIONAL STATISTICS WAS PERFORMED IN 2005; ANNUAL INCREASES HAVE BEEN APPROVED UP TO 3% SINCE THEN. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE POSTS FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07402944
IRS990/TotalAssetsEOYAmt07197216
IRS990/TotalAssetsGrp/BOYAmt07402944
IRS990/TotalAssetsGrp/EOYAmt07197216
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0309333
IRS990/TotalGrossUBIAmt05300
IRS990/TotalLiabilitiesBOYAmt05786066
IRS990/TotalLiabilitiesEOYAmt05563349
IRS990/TotalLiabilitiesGrp/BOYAmt05786066
IRS990/TotalLiabilitiesGrp/EOYAmt05563349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01616878
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01633867
IRS990/TotalOtherCompensationAmt06818
IRS990/TotalProgramServiceRevenueAmt0228877
IRS990/TotalReportableCompFromOrgAmt042037
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0321022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0326322
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05300
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07402944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07197216
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 467
IRS990/USAddress/CityNm0COFFEYVILLE
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd0673370467
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TANA NEAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06202519280
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEOPLES CHOICE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PEOP
ReturnHeader/Filer/EIN0480174445
ReturnHeader/Filer/PhoneNum06202519280
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 467
ReturnHeader/Filer/USAddress/CityNm0COFFEYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd0673370467
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08C7C43951168CF45788263B15885B9037C681A73
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08C7C43951168CF45788263B15885B9037C681A73
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.87.82.114
ReturnHeader/FilingSecurityInformation/IPDt02018-04-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:50:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431592217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J TENBRINK & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011272 S RIDGEVIEW RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OLATHE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066061
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY TENBRINK
ReturnHeader/ReturnTs02018-04-17T00:00:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$7.12$5.33$1.79$0.38$0.38$0.00
2023Detailed filing. Detailed filing data is available for this year.$7.71$5.92$1.79$0.37$0.32$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.69$5.95$1.75$0.33$0.30$0.03
2021Detailed filing. Detailed filing data is available for this year.$7.77$6.05$1.72$0.32$0.28$0.04
2020Detailed filing. Detailed filing data is available for this year.$7.96$6.28$1.68$0.33$0.29$0.04
2019Detailed filing. Detailed filing data is available for this year.$6.68$5.05$1.64$0.35$0.24$0.12
2018Detailed filing. Detailed filing data is available for this year.$6.81$5.22$1.59$0.34$0.38$0.04
2017Detailed filing. Detailed filing data is available for this year.$7.20$5.56$1.63$0.33$0.31$0.02
2016Detailed filing. Detailed filing data is available for this year.$7.40$5.79$1.62$0.32$0.30$0.02
2015Detailed filing. Detailed filing data is available for this year.$7.26$5.66$1.59$0.32$0.28$0.04
2014Detailed filing. Detailed filing data is available for this year.$7.25$5.70$1.56$0.31$0.30$0.01
2013Detailed filing. Detailed filing data is available for this year.$7.22$5.68$1.55$0.34$0.32$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.16$5.64$1.53$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.67$5.17$1.50$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$4.98$1.45$0.33