Civic Intelligence

Midwest Regional Credit Union

990 • Fiscal year 2013 • EIN 48-0507700

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 15, 2014

Organization ProfileWWW.MRCU.COM

View Organization Page

7240 State AvenueKansas City, KS 66112

(913) 334-4200

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.90x

Higher debt load relative to assets than 52% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

44th percentile

17.94x

Higher debt load relative to revenue than 44% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

42nd percentile

7.0%

Higher net margin than 42% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

89th percentile

$195,910

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

30th percentile

0.3%

Faster asset growth than 30% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$56,207,069

Up $158,481 (+0.3%) from 2012

Net Assets

Up

$5,839,941

Up $197,597 (+3.5%) from 2012

Liabilities

Down

$50,367,128

Down $39,116 (-0.1%) from 2012

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin42nd percentile

Revenue

$2,807,540

No earlier filing loaded for comparison.

Expenses

Down

$2,609,943

Down $295,955 (-10%) from 2012

Net Income

$197,597

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$80M$60M$40M$20M$0Assets 2010: $52,366,943Liabilities 2010: $46,867,181Net Assets 2010: $5,499,7622010Assets 2011: $54,006,542Liabilities 2011: $48,474,103Net Assets 2011: $5,532,4392011Assets 2012: $56,048,588Liabilities 2012: $50,406,244Net Assets 2012: $5,642,3442012Assets 2013: $56,207,069Liabilities 2013: $50,367,128Net Assets 2013: $5,839,9412013Assets 2014: $58,252,837Liabilities 2014: $52,656,378Net Assets 2014: $5,596,4592014Assets 2015: $59,953,358Liabilities 2015: $54,280,607Net Assets 2015: $5,672,7512015Assets 2016: $61,552,264Liabilities 2016: $55,861,717Net Assets 2016: $5,690,5472016Assets 2017: $61,707,432Liabilities 2017: $56,226,692Net Assets 2017: $5,480,7402017Assets 2018: $58,817,873Liabilities 2018: $53,093,890Net Assets 2018: $5,723,9832018Assets 2019: $61,350,802Liabilities 2019: $55,290,969Net Assets 2019: $6,059,8332019Assets 2020: $68,669,583Liabilities 2020: $62,655,381Net Assets 2020: $6,014,2022020Assets 2021: $76,018,750Liabilities 2021: $70,190,003Net Assets 2021: $5,828,7472021Assets 2022: $75,338,740Liabilities 2022: $69,377,639Net Assets 2022: $5,961,1012022Assets 2023: $72,062,091Liabilities 2023: $65,713,971Net Assets 2023: $6,348,1202023Assets 2024: $73,298,747Liabilities 2024: $66,181,217Net Assets 2024: $7,117,5302024

Highlighted filing

2013

Assets$56,207,069
Liabilities$50,367,128
Net Assets$5,839,941
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,057,3182010Expenses 2011: $3,167,2032011Expenses 2012: $2,905,8982012Revenue 2013: $2,807,540Expenses 2013: $2,609,943Net Income 2013: $197,5972013Revenue 2014: $2,540,789Expenses 2014: $2,784,271Net Income 2014: -$243,4822014Revenue 2015: $2,495,750Expenses 2015: $2,419,458Net Income 2015: $76,2922015Revenue 2016: $2,690,320Expenses 2016: $2,672,524Net Income 2016: $17,7962016Revenue 2017: $2,633,519Expenses 2017: $2,843,326Net Income 2017: -$209,8072017Revenue 2018: $2,734,161Expenses 2018: $2,490,918Net Income 2018: $243,2432018Revenue 2019: $2,856,966Expenses 2019: $2,521,116Net Income 2019: $335,8502019Revenue 2020: $2,336,991Expenses 2020: $2,382,622Net Income 2020: -$45,6312020Revenue 2021: $2,021,279Expenses 2021: $2,206,734Net Income 2021: -$185,4552021Revenue 2022: $2,317,946Expenses 2022: $2,185,592Net Income 2022: $132,3542022Revenue 2023: $3,000,723Expenses 2023: $2,613,704Net Income 2023: $387,0192023Revenue 2024: $3,587,887Expenses 2024: $2,970,448Net Income 2024: $617,4392024

Highlighted filing

2013

Revenue$2,807,540
Expenses$2,609,943
Net Income$197,597
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 15, 2014
Return Version
2013v3.0
Gross Receipts
$2,809,041
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
Other Notes and Loans Receivable, Net$34,055,790$35,064,425▲ $1,008,635
Savings and Temporary Cash Investments$17,867,514$16,036,514▼ $1,831,000
Rtn Earn Endowment Incm Other Fnds$5,642,344$5,839,941▲ $197,597
Cash and Non-Interest-Bearing Accounts$2,088,848$2,076,789▼ $12,059
Investments in Publicly Traded Securities-$1,000,000-
Land, Buildings, and Equipment, Net$757,713$653,768▼ $103,945
Accounts Receivable$355,650$465,731▲ $110,081
Prepaid Expenses and Deferred Charges$192,173$174,968▼ $17,205
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$56,048,588$56,207,069▲ $158,481
Other Assets Total$730,900$734,874▲ $3,974
Liabilities
Other Liabilities$50,046,018$49,989,270▼ $56,748
Accounts Payable and Accrued Expenses$360,226$377,858▲ $17,632
Total Liabilities$50,406,244$50,367,128▼ $39,116
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,642,344$5,839,941▲ $197,597
Total Liabilities and Net Assets / Fund Balance$56,048,588$56,207,069▲ $158,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$116,783$837,850$954,633
Leasehold Improvements$233,517$516,471$749,988
Buildings$145,776$225,370$371,146
Land$157,692-$157,692
Other Land Buildings$0$18,482$18,482
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lloyd NugentPresident/CEOFT$130,222$65,688$195,910

Board Members and Trustees

NameTitle
Robert TompkinsChairman
Stanley JasinskasVice Chairman
Natalie BargeDirector
Simon P ColeDirector
Susan WhiteSecretary
Harry D ShuteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,707,001
Investment Income
$93,778
Other Revenue
$6,761
Change in Net Assets
$197,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,397,062
Salaries, Compensation, and Employee Benefits$1,212,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$821,663
Office Expenses---$533,013
Current Officers, Directors, Trustees, and Key Employees---$195,910
Occupancy---$154,101
Depreciation Depletion---$117,806
Other Employee Benefits---$87,750
Payroll Taxes---$73,391
Insurance---$55,737
All Other Expenses---$44,076
Fees for Services Accounting---$41,583
Other Expenses---$40,720
Pension Plan Contributions---$34,167
Advertising---$24,344
Travel---$8,775
Conferences and Meetings---$8,469
Fees for Services Legal---$7,808
Fees for Services Other---$5,706
Total Functional Expenses$0$0$0$2,609,943
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$49,989,270
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 a merger or changes to bylaws 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 11

“The vice president works with the outside accounting firm on completing the form 990 and reviews details before presenting it to the ceo for final approval.”

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

“On an annual basis, all officers, directors, committee members, and employees are required to review the conflict of interest policy, disclose any interests that could give rise to conflicts, 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 the president's performance and determines/approves compensation. All other management compensation is determined by the president and is presented as part of the budget package to the board of directors for approval. The board's deliberations and decisions are documented in the minutes.”

Form 990, Part VI, Section C, line 19

“Financial statements are presented at the annual meeting 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

EIN
48-0507700
Phone
9133344200

Signing Officer

Name
Lloyd Nugent
Title
President/CEO
Phone
9133344200
Signed
2014-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lloyd Nugent
Formed
1938
Legal Domicile
Ks
Voting Board Members
6
Independent Board Members
6
Employees
25
Volunteers
6

Preparer

Phone
9138946214
Raw XML Appendix378 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0360226
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0377858
IRS990/AccountsReceivableGrp/BOYAmt0355650
IRS990/AccountsReceivableGrp/EOYAmt0465731
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
IRS990/AdvertisingGrp/TotalAmt024344
IRS990/AllOtherExpensesGrp/TotalAmt044076
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10THAD JONES
IRS990/BooksInCareOfDetail/PhoneNum09133344200
IRS990/BooksInCareOfDetail/USAddress/AddressLine107240 STATE AVENUE
IRS990/BooksInCareOfDetail/USAddress/City0KANSAS CITY
IRS990/BooksInCareOfDetail/USAddress/State0KS
IRS990/BooksInCareOfDetail/USAddress/ZIPCode066112
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02088848
IRS990/CashNonInterestBearingGrp/EOYAmt02076789
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0195910
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt08469
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt093778
IRS990/CYOtherExpensesAmt01397062
IRS990/CYOtherRevenueAmt06761
IRS990/CYProgramServiceRevenueAmt02707001
IRS990/CYRevenuesLessExpensesAmt0197597
IRS990/CYSalariesCompEmpBnftPaidAmt01212881
IRS990/CYTotalExpensesAmt02609943
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02807540
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0117806
IRS990/Desc0PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 9,782 MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt025
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt041583
IRS990/FeesForServicesLegalGrp/TotalAmt07808
IRS990/FeesForServicesOtherGrp/TotalAmt05706
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt658688
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT TOMPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm1STANLEY JASINSKAS
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm3HARRY D SHUTE
IRS990/Form990PartVIISectionAGrp/PersonNm4NATALIE BARGE
IRS990/Form990PartVIISectionAGrp/PersonNm5SIMON P COLE
IRS990/Form990PartVIISectionAGrp/PersonNm6LLOYD NUGENT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6137222
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt015944
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt017445
IRS990/GrossReceiptsAmt02809041
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt055737
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt077834
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt077834
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01000000
IRS990/IRPDocumentCnt01571
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01598173
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0757713
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0653768
IRS990/LandBldgEquipCostOrOtherBssAmt02251941
IRS990/LegalDomicileStateCd0KS
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01501
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05642344
IRS990/NetAssetsOrFundBalancesEOYAmt05839941
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015944
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015944
IRS990/NetUnrelatedBusTxblIncmAmt0-17629
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0154101
IRS990/OfficeExpensesGrp/TotalAmt0533013
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0730900
IRS990/OtherAssetsTotalGrp/EOYAmt0734874
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087750
IRS990/OtherExpensesGrp/Desc0MEMBER DIVIDENDS
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3NCUSIF ASSESSMENTS
IRS990/OtherExpensesGrp/TotalAmt0226489
IRS990/OtherExpensesGrp/TotalAmt173000
IRS990/OtherExpensesGrp/TotalAmt255435
IRS990/OtherExpensesGrp/TotalAmt340720
IRS990/OtherLiabilitiesGrp/BOYAmt050046018
IRS990/OtherLiabilitiesGrp/EOYAmt049989270
IRS990/OtherSalariesAndWagesGrp/TotalAmt0821663
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt034055790
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035064425
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt073391
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt034167
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0192173
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0174968
IRS990/PrincipalOfficerNm0LLOYD NUGENT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/Desc3WARRANTY SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02033943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1656525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02033943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1656525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210452
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36081
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt010452
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt16081
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2013, THERE WERE 3,674 LOANS OUTSTANDING TOTALING $35,234,282.
IRS990/ProgSrvcAccomActy3Grp/Desc0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $226,489 FOR THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt063417
IRS990/PYOtherExpensesAmt01607990
IRS990/PYOtherRevenueAmt025097
IRS990/PYProgramServiceRevenueAmt02927289
IRS990/PYRevenuesLessExpensesAmt0109905
IRS990/PYSalariesCompEmpBnftPaidAmt01297908
IRS990/PYTotalExpensesAmt02905898
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03015803
IRS990/ReconcilationRevenueExpnssAmt0197597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt06761
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt06761
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05642344
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05839941
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017867514
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016036514
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0145776
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0225370
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0371146
IRS990ScheduleD/EquipmentGrp/BookValueAmt0116783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0837850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0954633
IRS990ScheduleD/LandGrp/BookValueAmt0157692
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157692
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0233517
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0516471
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0749988
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018482
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049989270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0653768
IRS990ScheduleD/TotalLiabilityAmt049989270
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130222
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021756
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt036932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LLOYD NUGENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0195910
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES/APPROVES COMPENSATION. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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 A MERGER OR CHANGES TO BYLAWS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VICE PRESIDENT WORKS WITH THE OUTSIDE ACCOUNTING FIRM ON COMPLETING THE FORM 990 AND REVIEWS DETAILS BEFORE PRESENTING IT TO THE CEO FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, ALL OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AND EMPLOYEES ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY, DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS, 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 THE PRESIDENT'S PERFORMANCE AND DETERMINES/APPROVES COMPENSATION. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE PRESENTED AT THE ANNUAL MEETING 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 11
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/TotalAssetsBOYAmt056048588
IRS990/TotalAssetsEOYAmt056207069
IRS990/TotalAssetsGrp/BOYAmt056048588
IRS990/TotalAssetsGrp/EOYAmt056207069
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/TotalAmt02609943
IRS990/TotalGrossUBIAmt016533
IRS990/TotalLiabilitiesBOYAmt050406244
IRS990/TotalLiabilitiesEOYAmt050367128
IRS990/TotalLiabilitiesGrp/BOYAmt050406244
IRS990/TotalLiabilitiesGrp/EOYAmt050367128
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05642344
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05839941
IRS990/TotalOtherCompensationAmt058688
IRS990/TotalProgramServiceRevenueAmt02707001
IRS990/TotalReportableCompFromOrgAmt0137222
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02791007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02807540
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016533
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056048588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056207069
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08775
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine107240 STATE AVENUE
IRS990/USAddress/City0KANSAS CITY
IRS990/USAddress/State0KS
IRS990/USAddress/ZIPCode066112
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MRCU.COM
IRS990/WhistleblowerPolicyInd00
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LLOYD NUGENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09133344200
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10MIDWEST REGIONAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MIDW
ReturnHeader/Filer/EIN0480507700
ReturnHeader/Filer/PhoneNum09133344200
ReturnHeader/Filer/USAddress/AddressLine107240 STATE AVENUE
ReturnHeader/Filer/USAddress/City0KANSAS CITY
ReturnHeader/Filer/USAddress/State0KS
ReturnHeader/Filer/USAddress/ZIPCode066112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431592217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10J TENBRINK & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1011272 S RIDGEVIEW RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OLATHE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode066061
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/ReturnTs02014-07-15T14:50:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,207,069
Liabilities
$50,367,128
Net assets
$5,839,941
Revenue
$2,807,540
Expenses
$2,609,943
Net income
$197,597
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.3$66.2$7.12$3.59$2.97$0.62
2023Detailed filing. Detailed filing data is available for this year.$72.1$65.7$6.35$3.00$2.61$0.39
2022Detailed filing. Detailed filing data is available for this year.$75.3$69.4$5.96$2.32$2.19$0.13
2021Detailed filing. Detailed filing data is available for this year.$76.0$70.2$5.83$2.02$2.21$0.19
2020Detailed filing. Detailed filing data is available for this year.$68.7$62.7$6.01$2.34$2.38$0.05
2019Detailed filing. Detailed filing data is available for this year.$61.4$55.3$6.06$2.86$2.52$0.34
2018Detailed filing. Detailed filing data is available for this year.$58.8$53.1$5.72$2.73$2.49$0.24
2017Detailed filing. Detailed filing data is available for this year.$61.7$56.2$5.48$2.63$2.84$0.21
2016Detailed filing. Detailed filing data is available for this year.$61.6$55.9$5.69$2.69$2.67$0.02
2015Detailed filing. Detailed filing data is available for this year.$60.0$54.3$5.67$2.50$2.42$0.08
2014Detailed filing. Detailed filing data is available for this year.$58.3$52.7$5.60$2.54$2.78$0.24
2013Detailed filing. Detailed filing data is available for this year.$56.2$50.4$5.84$2.81$2.61$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.0$50.4$5.64$2.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.0$48.5$5.53$3.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.4$46.9$5.50$3.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $50M-$100M nonprofits