Civic Intelligence

Cooperative Credit Union

990 • Fiscal year 2022 • EIN 48-0577273

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 06, 2023

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

62nd percentile

0.88x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

21.75x

Higher debt load relative to revenue than 49% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Net Margin

22nd percentile

1.0%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

88th percentile

$110,450

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2022

Asset Growth

72nd percentile

2.7%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

18%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$22,035,931

Up $580,670 (+2.7%) from 2021

Net Assets

Up

$2,604,413

Up $8,605 (+0.3%) from 2021

Liabilities

Up

$19,431,518

Up $572,065 (+3.0%) from 2021

Revenue

Up

$893,235

Up $138,052 (+18%) from 2021

Expenses

Up

$884,630

Up $141,057 (+19%) from 2021

Net Income

Down

$8,605

Down $3,005 (-26%) from 2021

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

2022

Assets$22,035,931
Liabilities$19,431,518
Net Assets$2,604,413

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

2022

Revenue$893,235
Expenses$884,630
Net Income$8,605
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$893,235
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$9,155,398$12,630,282▲ $3,474,884
Savings and Temporary Cash Investments$11,089,866$8,226,966▼ $2,862,900
Rtn Earn Endowment Incm Other Fnds$2,595,808$2,604,413▲ $8,605
Cash and Non-Interest-Bearing Accounts$471,147$482,142▲ $10,995
Land, Buildings, and Equipment, Net$378,816$315,178▼ $63,638
Prepaid Expenses and Deferred Charges$63,128$87,329▲ $24,201
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$21,455,261$22,035,931▲ $580,670
Other Assets Total$296,906$294,034▼ $2,872
Liabilities
Other Liabilities$18,864,502$19,441,361▲ $576,859
Escrow Account Liability$14,230$23,606▲ $9,376
Accounts Payable and Accrued Expenses$-19,279$-33,449▼ $14,170
Total Liabilities$18,859,453$19,431,518▲ $572,065
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,595,808$2,604,413▲ $8,605
Total Liabilities and Net Assets / Fund Balance$21,455,261$22,035,931▲ $580,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$111,450$283,083$394,533
Buildings$102,888$130,879$233,767
Land$100,840-$100,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lyle MartinPresidentFT$91,451$18,999$110,450

Board Members and Trustees

NameTitle
Clyde KastlerChairperson
William JenkinsVice Chairperson
Christopher BookterBoard Member
Lorene RichardsonBoard Member
Lyssa BailyBoard Member
Michael McclellanBoard Member
David Shane SimmonsSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$748,417
Investment Income
$139,087
Other Revenue
$5,731
Change in Net Assets
$8,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,089
Salaries, Compensation, and Employee Benefits$345,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$162,251
Current Officers, Directors, Trustees, and Key Employees---$110,450
Information Technology---$79,691
Fees for Services Other---$65,286
Depreciation Depletion---$64,965
Office Expenses---$50,456
Occupancy---$44,693
Other Employee Benefits---$41,934
Insurance---$21,296
Advertising---$20,276
Payroll Taxes---$19,828
Fees for Services Accounting---$16,755
Pension Plan Contributions---$11,078
Other Expenses---$7,960
Conferences and Meetings---$5,116
Fees for Services Legal---$441
All Other Expenses---$22
Total Functional Expenses$0$0$0$884,630
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$19,441,361
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-bfb gallagher executive compensation and benefits 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
2023-10-06
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
6
Volunteers
10

Preparer

Firm
J Tenbrink & Associates
Address
11272 S RIDGEVIEW RD, OLATHE, KS 66061-6454
Preparer
Gerald Tenbrink
Phone
9138946214
Supplemental Narrative

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 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0130879
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0233767
IRS990ScheduleD/EquipmentGrp/BookValueAmt0111450
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0283083
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0394533
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0100840
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019441361
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/TotalBookValueLandBuildingsAmt0315178
IRS990ScheduleD/TotalLiabilityAmt019441361
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-BFB GALLAGHER EXECUTIVE COMPENSATION AND BENEFITS 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/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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt021455261
IRS990/TotalAssetsEOYAmt022035931
IRS990/TotalAssetsGrp/BOYAmt021455261
IRS990/TotalAssetsGrp/EOYAmt022035931
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0884630
IRS990/TotalGrossUBIAmt021538
IRS990/TotalLiabilitiesBOYAmt018859453
IRS990/TotalLiabilitiesEOYAmt019431518
IRS990/TotalLiabilitiesGrp/BOYAmt018859453
IRS990/TotalLiabilitiesGrp/EOYAmt019431518
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02595808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02604413
IRS990/TotalOtherCompensationAmt018999
IRS990/TotalProgramServiceRevenueAmt0748417
IRS990/TotalReportableCompFromOrgAmt091451
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0871697
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0893235
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt021538
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt021455261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt022035931
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LYLE MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06202515290
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-06
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/IRSResponsiblePrtyInfoCurrInd00
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/ZIPCd0660616454
ReturnHeader/PreparerPersonGrp/PhoneNum09138946214
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02023-10-06T13:04:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LYLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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