Civic Intelligence

Cooperative Credit Union

990 • Fiscal year 2019 • EIN 48-0577273

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

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

50th percentile

0.86x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

13.94x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

95th percentile

32%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$101,762

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

41st percentile

0.4%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-15%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$17,887,623

Up $63,208 (+0.4%) from 2018

Net Assets

Up

$2,551,738

Up $363,390 (+17%) from 2018

Liabilities

Down

$15,335,885

Down $300,182 (-1.9%) from 2018

Revenue

Down

$1,099,994

Down $200,155 (-15%) from 2018

Expenses

Down

$748,298

Down $1,019,438 (-58%) from 2018

Net Income

Up

$351,696

Up $819,283 (+175%) from 2018

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

2019

Assets$17,887,623
Liabilities$15,335,885
Net Assets$2,551,738

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

2019

Revenue$1,099,994
Expenses$748,298
Net Income$351,696
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$1,099,994
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,238,310$9,853,050▼ $2,385,260
Savings and Temporary Cash Investments$4,603,454$6,550,076▲ $1,946,622
Rtn Earn Endowment Incm Other Fnds$2,188,348$2,551,738▲ $363,390
Cash and Non-Interest-Bearing Accounts$490,665$691,216▲ $200,551
Land, Buildings, and Equipment, Net$238,589$485,972▲ $247,383
Prepaid Expenses and Deferred Charges$51,500$49,501▼ $1,999
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$17,824,415$17,887,623▲ $63,208
Other Assets Total$201,897$257,808▲ $55,911
Liabilities
Other Liabilities$15,454,058$15,256,125▼ $197,933
Accounts Payable and Accrued Expenses$162,008$60,447▼ $101,561
Escrow Account Liability$20,001$19,313▼ $688
Total Liabilities$15,636,067$15,335,885▼ $300,182
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,188,348$2,551,738▲ $363,390
Total Liabilities and Net Assets / Fund Balance$17,824,415$17,887,623▲ $63,208

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$267,729$100,452$368,181
Buildings$117,403$107,957$225,360
Land$100,840-$100,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lyle MartinPresidentFT$83,608$18,154$101,762

Board Members and Trustees

NameTitle
Clyde KastlerChairperson
Alene MorrisonVice Chairperson
Jack ArthertonBoard Member
Robert ArmstrongBoard Member
Sharon CaulkinsBoard Member
William JenkinsBoard Member
M Louise FurnasSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$949,471
Investment Income
$146,135
Other Revenue
$4,388
Change in Net Assets
$351,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,947
Salaries, Compensation, and Employee Benefits$331,351
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$166,779
Information Technology---$120,536
Current Officers, Directors, Trustees, and Key Employees---$101,762
Fees for Services Other---$84,390
Office Expenses---$80,025
Occupancy---$37,288
Other Employee Benefits---$32,664
Depreciation Depletion---$32,640
Insurance---$24,011
Payroll Taxes---$19,756
Advertising---$19,146
Fees for Services Accounting---$11,857
Pension Plan Contributions---$10,390
Conferences and Meetings---$3,894
All Other Expenses---$695
Fees for Services Legal---$315
Other Expenses---$-219,153
Total Functional Expenses$0$0$0$748,298
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$15,256,125
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
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

Certain significant changes 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 president reviews the form 990 before filing and provides it to the board for their review.

Form 990, Part VI, Section B, line 15

The board of directors evaluates the president's performance and determines compensation using the nafcu-gallagher survey. All other employees' compensation is determined based on annual evaluations 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
Lyle Martin
Title
President
Phone
6202515290
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyle Martin
Formed
1937
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
10

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

Conversion adjustment 11,694.

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 Appendix362 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, 2019, THERE WERE 895 LOANS OUTSTANDING TOTALING $10,031,332.
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IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0117403
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0107957
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0225360
IRS990ScheduleD/EquipmentGrp/BookValueAmt0267729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100452
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0368181
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0100840
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015256125
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/TotalBookValueLandBuildingsAmt0485972
IRS990ScheduleD/TotalLiabilityAmt015256125
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/ExplanationTxt2CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT REVIEWS THE FORM 990 BEFORE FILING AND PROVIDES IT TO THE BOARD FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS EVALUATES THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION USING THE NAFCU-GALLAGHER SURVEY. ALL OTHER EMPLOYEES' COMPENSATION IS DETERMINED BASED ON ANNUAL EVALUATIONS AND IS INCLUDED IN THE BUDGET PRESENTED TO THE BOARD FOR APPROVAL. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL 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/ExplanationTxt6CONVERSION ADJUSTMENT 11,694.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017824415
IRS990/TotalAssetsEOYAmt017887623
IRS990/TotalAssetsGrp/BOYAmt017824415
IRS990/TotalAssetsGrp/EOYAmt017887623
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0748298
IRS990/TotalGrossUBIAmt018764
IRS990/TotalLiabilitiesBOYAmt015636067
IRS990/TotalLiabilitiesEOYAmt015335885
IRS990/TotalLiabilitiesGrp/BOYAmt015636067
IRS990/TotalLiabilitiesGrp/EOYAmt015335885
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02188348
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02551738
IRS990/TotalOtherCompensationAmt018154
IRS990/TotalProgramServiceRevenueAmt0949471
IRS990/TotalReportableCompFromOrgAmt083608
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01081230
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01099994
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt018764
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017824415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017887623
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LYLE MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06202515290
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-09
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/FilingSecurityInformation/AtSubmissionCreationDeviceId090B5988E53CBDDD12AFD5F67CACC6EB659604036
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090B5988E53CBDDD12AFD5F67CACC6EB659604036
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.87.82.114
ReturnHeader/FilingSecurityInformation/IPDt02020-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:09:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810781371
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/PreparationDt02020-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02020-11-09T09:10:15-06:00
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
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