Civic Intelligence

Ark Valley Credit Union

990 • Fiscal year 2022 • EIN 48-0668113

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

1515 North SummitArkansas City, KS 67005-1503

(620) 442-8210

Siviq Scores

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

Liabilities / Assets

61st percentile

0.89x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

19.16x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Net Margin

43rd percentile

9.9%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$132,978

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2022

Asset Growth

65th percentile

2.8%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

4.1%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$49,527,356

Up $5,574,319 (+13%) from 2020

Net Assets

Up

$5,240,763

Up $541,717 (+12%) from 2020

Liabilities

Up

$44,286,593

Up $5,032,602 (+13%) from 2020

Revenue

Down

$2,311,141

Down $125,891 (-5.2%) from 2020

Expenses

Up

$2,082,495

Up $148,947 (+7.7%) from 2020

Net Income

Down

$228,646

Down $274,838 (-55%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $27,553,691Liabilities 2010: $25,365,939Net Assets 2010: $2,187,7522010Assets 2011: $30,663,085Liabilities 2011: $28,321,258Net Assets 2011: $2,341,8272011Assets 2014: $33,591,443Liabilities 2014: $30,861,690Net Assets 2014: $2,729,7532014Assets 2016: $34,880,136Liabilities 2016: $31,660,343Net Assets 2016: $3,219,7932016Assets 2017: $35,203,919Liabilities 2017: $31,714,440Net Assets 2017: $3,489,4792017Assets 2018: $37,175,510Liabilities 2018: $33,382,343Net Assets 2018: $3,793,1672018Assets 2019: $37,918,745Liabilities 2019: $33,723,183Net Assets 2019: $4,195,5622019Assets 2020: $43,953,037Liabilities 2020: $39,253,991Net Assets 2020: $4,699,0462020Assets 2022: $49,527,356Liabilities 2022: $44,286,593Net Assets 2022: $5,240,7632022Assets 2024: $54,967,303Liabilities 2024: $47,350,990Net Assets 2024: $7,616,3132024

Highlighted filing

2022

Assets$49,527,356
Liabilities$44,286,593
Net Assets$5,240,763

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,676,9752010Expenses 2011: $1,729,2052011Revenue 2014: $1,878,567Expenses 2014: $1,788,686Net Income 2014: $89,8812014Revenue 2016: $1,917,435Expenses 2016: $1,570,173Net Income 2016: $347,2622016Revenue 2017: $2,085,134Expenses 2017: $1,815,448Net Income 2017: $269,6862017Revenue 2018: $2,282,285Expenses 2018: $1,934,607Net Income 2018: $347,6782018Revenue 2019: $2,477,439Expenses 2019: $2,075,044Net Income 2019: $402,3952019Revenue 2020: $2,437,032Expenses 2020: $1,933,548Net Income 2020: $503,4842020Revenue 2022: $2,311,141Expenses 2022: $2,082,495Net Income 2022: $228,6462022Revenue 2024: $3,321,242Expenses 2024: $2,642,978Net Income 2024: $678,2642024

Highlighted filing

2022

Revenue$2,311,141
Expenses$2,082,495
Net Income$228,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$2,311,141
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$27,330,698$27,162,836▼ $167,862
Savings and Temporary Cash Investments$15,892,245$17,356,857▲ $1,464,612
Rtn Earn Endowment Incm Other Fnds$5,012,117$5,240,763▲ $228,646
Land, Buildings, and Equipment, Net$2,568,602$2,437,099▼ $131,503
Cash and Non-Interest-Bearing Accounts$1,786,981$1,961,984▲ $175,003
Prepaid Expenses and Deferred Charges$69,437$88,907▲ $19,470
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$48,199,689$49,527,356▲ $1,327,667
Other Assets Total$551,726$519,673▼ $32,053
Liabilities
Other Liabilities$42,780,512$43,976,288▲ $1,195,776
Accounts Payable and Accrued Expenses$407,060$310,305▼ $96,755
Total Liabilities$43,187,572$44,286,593▲ $1,099,021
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,012,117$5,240,763▲ $228,646
Total Liabilities and Net Assets / Fund Balance$48,199,689$49,527,356▲ $1,327,667

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,024,279$486,418$2,510,697
Equipment$182,667$562,340$745,007
Land$230,153-$230,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim AnnelerPresident/CEOFT$118,354$14,624$132,978

Board Members and Trustees

NameTitle
Mitch ReichleChairman
Steve BowerVice Chairman
James Brown JrDirector
Mark MccaslinDirector
Walter SandersDirector
Barry ThompsonSecretary
Sheri QuickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,162,133
Investment Income
$133,757
Other Revenue
$15,251
Change in Net Assets
$228,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,256,071
Salaries, Compensation, and Employee Benefits$825,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$536,339
Fees for Services Other---$514,916
Depreciation Depletion---$141,832
Current Officers, Directors, Trustees, and Key Employees---$132,978
Fees for Services Accounting---$107,172
Office Expenses---$99,197
Other Employee Benefits---$94,001
Occupancy---$87,598
Payroll Taxes---$52,538
All Other Expenses---$37,725
Insurance---$30,795
Advertising---$27,583
Other Expenses---$19,982
Pension Plan Contributions---$9,233
Conferences and Meetings---$7,348
Benefits to Members---$1,335
Total Functional Expenses$0$0$0$2,082,495
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$43,976,288
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 1A

The board chairman votes only in the event of a tie.

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 ceo reviews the form 990 and provides it to the board members.

Form 990, Part VI, Section B, Line 15

The board of directors reviews the ceo's performance and determines/approves compensation. The ceo presents all other employee compensation as part of the budget package to the board for approval. Cuna and compease salary surveys are used in the process for comparison with similar credit unions. 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, 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
Ark Valley Credit Union
EIN
48-0668113
Phone
6204428210
Address
1515 NORTH SUMMIT, ARKANSAS CITY, KS 67005-1503

Signing Officer

Name
Kim Anneler
Title
President/CEO
Phone
6204428210
Signed
2023-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Anneler
Formed
1955
Legal Domicile
Ks
Voting Board Members
6
Independent Board Members
6
Employees
23
Volunteers
9

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Debit & atm processing 253,743. Other professional and outside services 261,173.

Raw XML Appendix352 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/BooksInCareOfDetail/PhoneNum06204428210
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01515 NORTH SUMMIT
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IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE BOWER
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IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES BROWN JR
IRS990/Form990PartVIISectionAGrp/PersonNm6WALTER SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm7KIM ANNELER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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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, 2022, THERE WERE 2,829 LOANS OUTSTANDING TOTALING $27,308,190.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD CHAIRMAN VOTES ONLY IN THE EVENT OF A TIE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO REVIEWS THE FORM 990 AND PROVIDES IT TO THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE AND DETERMINES/APPROVES COMPENSATION. THE CEO PRESENTS ALL OTHER EMPLOYEE COMPENSATION AS PART OF THE BUDGET PACKAGE TO THE BOARD FOR APPROVAL. CUNA AND COMPEASE SALARY SURVEYS ARE USED IN THE PROCESS FOR COMPARISON WITH SIMILAR CREDIT UNIONS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION, 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/ExplanationTxt7DEBIT & ATM PROCESSING 253,743. OTHER PROFESSIONAL AND OUTSIDE SERVICES 261,173.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt048199689
IRS990/TotalAssetsEOYAmt049527356
IRS990/TotalAssetsGrp/BOYAmt048199689
IRS990/TotalAssetsGrp/EOYAmt049527356
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/TotalAmt02082495
IRS990/TotalGrossUBIAmt011636
IRS990/TotalLiabilitiesBOYAmt043187572
IRS990/TotalLiabilitiesEOYAmt044286593
IRS990/TotalLiabilitiesGrp/BOYAmt043187572
IRS990/TotalLiabilitiesGrp/EOYAmt044286593
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05012117
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05240763
IRS990/TotalOtherCompensationAmt014624
IRS990/TotalProgramServiceRevenueAmt02162133
IRS990/TotalReportableCompFromOrgAmt0118354
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02299505
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02311141
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011636
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt048199689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt049527356
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01515 NORTH SUMMIT
IRS990/USAddress/CityNm0ARKANSAS CITY
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067005
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0ARKVALLEYCU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM ANNELER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06204428210
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARK VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ARKV
ReturnHeader/Filer/EIN0480668113
ReturnHeader/Filer/PhoneNum06204428210
ReturnHeader/Filer/USAddress/AddressLine1Txt01515 NORTH SUMMIT
ReturnHeader/Filer/USAddress/CityNm0ARKANSAS CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd0670051503
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/PreparationDt02023-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02023-10-06T15:33:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANNELER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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