Civic Intelligence

Cooperative Credit Union

990 • Fiscal year 2014 • EIN 48-0577273

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 28, 2015

PO Box 687Coffeyville, KS 67337-0687

(620) 251-5290

Siviq Scores

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

Liabilities / Assets

40th percentile

0.85x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

27.93x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

1st percentile

-39%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$92,278

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

66th percentile

3.5%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-19%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$20,924,702

Up $712,663 (+3.5%) from 2013

Net Assets

Down

$3,090,877

Down $266,511 (-7.9%) from 2013

Liabilities

Up

$17,833,825

Up $979,174 (+5.8%) from 2013

Revenue

Down

$638,627

Down $146,004 (-19%) from 2013

Expenses

Up

$886,845

Up $35,356 (+4.2%) from 2013

Net Income

Down

-$248,218

Down $181,360 (-271%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $21,500,286Liabilities 2010: $18,073,389Net Assets 2010: $3,426,8972010Assets 2011: $21,447,225Liabilities 2011: $18,085,844Net Assets 2011: $3,361,3812011Assets 2012: $21,356,632Liabilities 2012: $17,932,386Net Assets 2012: $3,424,2462012Assets 2013: $20,212,039Liabilities 2013: $16,854,651Net Assets 2013: $3,357,3882013Assets 2014: $20,924,702Liabilities 2014: $17,833,825Net Assets 2014: $3,090,8772014Assets 2015: $20,155,678Liabilities 2015: $17,379,658Net Assets 2015: $2,776,0202015Assets 2016: $19,738,231Liabilities 2016: $17,070,549Net Assets 2016: $2,667,6822016Assets 2017: $18,733,018Liabilities 2017: $16,077,083Net Assets 2017: $2,655,9352017Assets 2018: $17,824,415Liabilities 2018: $15,636,067Net Assets 2018: $2,188,3482018Assets 2019: $17,887,623Liabilities 2019: $15,335,885Net Assets 2019: $2,551,7382019Assets 2020: $19,755,728Liabilities 2020: $17,171,530Net Assets 2020: $2,584,1982020Assets 2021: $21,455,261Liabilities 2021: $18,859,453Net Assets 2021: $2,595,8082021Assets 2022: $22,035,931Liabilities 2022: $19,431,518Net Assets 2022: $2,604,4132022Assets 2023: $22,372,982Liabilities 2023: $19,720,292Net Assets 2023: $2,652,6902023Assets 2024: $21,578,013Liabilities 2024: $18,855,520Net Assets 2024: $2,722,4932024

Highlighted filing

2014

Assets$20,924,702
Liabilities$17,833,825
Net Assets$3,090,877

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,093,4442010Expenses 2011: $1,092,5302011Expenses 2012: $842,3632012Revenue 2013: $784,631Expenses 2013: $851,489Net Income 2013: -$66,8582013Revenue 2014: $638,627Expenses 2014: $886,845Net Income 2014: -$248,2182014Revenue 2015: $773,662Expenses 2015: $1,121,959Net Income 2015: -$348,2972015Revenue 2016: $1,007,482Expenses 2016: $1,109,716Net Income 2016: -$102,2342016Revenue 2017: $1,278,483Expenses 2017: $1,290,230Net Income 2017: -$11,7472017Revenue 2018: $1,300,149Expenses 2018: $1,767,736Net Income 2018: -$467,5872018Revenue 2019: $1,099,994Expenses 2019: $748,298Net Income 2019: $351,6962019Revenue 2020: $866,989Expenses 2020: $831,991Net Income 2020: $34,9982020Revenue 2021: $755,183Expenses 2021: $743,573Net Income 2021: $11,6102021Revenue 2022: $893,235Expenses 2022: $884,630Net Income 2022: $8,6052022Revenue 2023: $969,093Expenses 2023: $920,816Net Income 2023: $48,2772023Revenue 2024: $1,115,685Expenses 2024: $1,045,882Net Income 2024: $69,8032024

Highlighted filing

2014

Revenue$638,627
Expenses$886,845
Net Income-$248,218
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 28, 2015
Return Version
2014v5.0
Gross Receipts
$806,925
Mission and Program Overview

Mission

To be the financial service leader in our community and membership area

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$10,480,322$9,806,728▼ $673,594
Savings and Temporary Cash Investments$8,318,698$9,648,542▲ $1,329,844
Rtn Earn Endowment Incm Other Fnds$3,357,388$3,090,877▼ $266,511
Cash and Non-Interest-Bearing Accounts$800,054$918,920▲ $118,866
Land, Buildings, and Equipment, Net$320,001$305,756▼ $14,245
Prepaid Expenses and Deferred Charges$58,316$47,202▼ $11,114
Accounts Receivable$20--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$20,212,039$20,924,702▲ $712,663
Other Assets Total$234,628$197,554▼ $37,074
Liabilities
Other Liabilities$16,787,558$17,571,286▲ $783,728
Accounts Payable and Accrued Expenses$38,874$246,398▲ $207,524
Escrow Account Liability$28,219$16,141▼ $12,078
Total Liabilities$16,854,651$17,833,825▲ $979,174
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,357,388$3,090,877▼ $266,511
Total Liabilities and Net Assets / Fund Balance$20,212,039$20,924,702▲ $712,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$164,121$93,355$257,476
Equipment$40,795$155,845$196,640
Land$100,840-$100,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ColbyCEOFT$79,641$12,637$92,278

Board Members and Trustees

NameTitle
Clyde KastlerChairperson
Alene MorrisonVice Chairperson
Betty NellisDirector
Jay ShearhartDirector
Wayne JoplinDirector
M Louise FurnasSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$631,395
Investment Income
$7,232
Other Revenue
$0
Change in Net Assets
$-248,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,804
Salaries, Compensation, and Employee Benefits$291,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$144,388
Fees for Services Other---$132,507
Current Officers, Directors, Trustees, and Key Employees---$92,278
Information Technology---$90,172
Office Expenses---$83,752
Advertising---$36,209
Occupancy---$31,815
Other Employee Benefits---$30,964
Fees for Services Accounting---$25,630
Depreciation Depletion---$24,919
Insurance---$20,580
Payroll Taxes---$19,188
Pension Plan Contributions---$4,223
Conferences and Meetings---$2,315
Other Expenses---$2,173
Fees for Services Legal---$195
All Other Expenses---$-2,678
Total Functional Expenses$0$0$0$886,845
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$17,571,286
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
No
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, 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

In august 2014, members approved the board's recommendation to merge with holy name credit union. The merger was effective april 1, 2015.

Form 990, Part VI, Section B, line 11

The ceo reviews the form 990 before filing.

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

On an annual basis, officers, directors, and key 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.

Form 990, Part VI, Section B, line 15

The board of directors reviews and approves the ceo's compensation. All other employees' compensation is determined by the ceo and is included in the budget presented to the board for approval. 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, 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

Filer Name
Cooperative Credit Union
EIN
48-0577273
Phone
6202515290
Address
PO BOX 687, COFFEYVILLE, KS 67337-0687

Signing Officer

Name
David Colby
Title
CEO
Phone
6202515290
Signed
2015-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Colby
Formed
1937
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
13

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061
Phone
9138946214
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Computer & atm expense 67,345. Other professional & outside services 65,162.

Financial Statement Notes

Part IV, Line 2B:

The credit union maintains escrow accounts for insurance and property taxes related to several member real estate loans.

Raw XML Appendix351 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, 2014, THERE WERE 1,013 LOANS OUTSTANDING TOTALING $9,916,236.
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03090877
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08318698
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09648542
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0164121
IRS990ScheduleD/BuildingsGrp/DepreciationAmt093355
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0257476
IRS990ScheduleD/EquipmentGrp/BookValueAmt040795
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155845
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0196640
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0100840
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017571286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION MAINTAINS ESCROW ACCOUNTS FOR INSURANCE AND PROPERTY TAXES RELATED TO SEVERAL MEMBER REAL ESTATE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0305756
IRS990ScheduleD/TotalLiabilityAmt017571286
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/ExplanationTxt2IN AUGUST 2014, MEMBERS APPROVED THE BOARD'S RECOMMENDATION TO MERGE WITH HOLY NAME CREDIT UNION. THE MERGER WAS EFFECTIVE APRIL 1, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CEO REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON AN ANNUAL BASIS, OFFICERS, DIRECTORS, AND KEY 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S COMPENSATION. ALL OTHER EMPLOYEES' COMPENSATION IS DETERMINED BY THE CEO AND IS INCLUDED IN THE BUDGET PRESENTED TO THE BOARD FOR APPROVAL. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY, 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/ExplanationTxt7COMPUTER & ATM EXPENSE 67,345. OTHER PROFESSIONAL & OUTSIDE SERVICES 65,162.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt020212039
IRS990/TotalAssetsEOYAmt020924702
IRS990/TotalAssetsGrp/BOYAmt020212039
IRS990/TotalAssetsGrp/EOYAmt020924702
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt0886845
IRS990/TotalGrossUBIAmt08672
IRS990/TotalLiabilitiesBOYAmt016854651
IRS990/TotalLiabilitiesEOYAmt017833825
IRS990/TotalLiabilitiesGrp/BOYAmt016854651
IRS990/TotalLiabilitiesGrp/EOYAmt017833825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03357388
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03090877
IRS990/TotalOtherCompensationAmt012637
IRS990/TotalProgramServiceRevenueAmt0631395
IRS990/TotalReportableCompFromOrgAmt079641
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0629955
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0638627
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08672
IRS990/TotalVolunteersCnt013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020212039
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020924702
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 687
IRS990/USAddress/CityNm0COFFEYVILLE
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd0673370687
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.COOPERATIVECU.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID COLBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06202515290
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COOPERATIVE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COOP
ReturnHeader/Filer/EIN0480577273
ReturnHeader/Filer/PhoneNum06202515290
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 687
ReturnHeader/Filer/USAddress/CityNm0COFFEYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd0673370687
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/ReturnTs02015-07-28T16:06:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$18.9$2.72$1.12$1.05$0.07
2023Detailed filing. Detailed filing data is available for this year.$22.4$19.7$2.65$0.97$0.92$0.05
2022Detailed filing. Detailed filing data is available for this year.$22.0$19.4$2.60$0.89$0.88$0.01
2021Detailed filing. Detailed filing data is available for this year.$21.5$18.9$2.60$0.76$0.74$0.01
2020Detailed filing. Detailed filing data is available for this year.$19.8$17.2$2.58$0.87$0.83$0.03
2019Detailed filing. Detailed filing data is available for this year.$17.9$15.3$2.55$1.10$0.75$0.35
2018Detailed filing. Detailed filing data is available for this year.$17.8$15.6$2.19$1.30$1.77$0.47
2017Detailed filing. Detailed filing data is available for this year.$18.7$16.1$2.66$1.28$1.29$0.01
2016Detailed filing. Detailed filing data is available for this year.$19.7$17.1$2.67$1.01$1.11$0.10
2015Detailed filing. Detailed filing data is available for this year.$20.2$17.4$2.78$0.77$1.12$0.35
2014Detailed filing. Detailed filing data is available for this year.$20.9$17.8$3.09$0.64$0.89$0.25
2013Detailed filing. Detailed filing data is available for this year.$20.2$16.9$3.36$0.78$0.85$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$17.9$3.42$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$18.1$3.36$1.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$18.1$3.43$1.09