Civic Intelligence

Area Credit Union

990 • Fiscal year 2010 • EIN 48-0672785

Jan 01, 2010 to Dec 31, 2010 • Filed on Jun 29, 2011

1401 FAIRFAX ROAD No E-10066115
Siviq Scores

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

Liabilities / Assets

46th percentile

0.85x

Higher debt load relative to assets than 46% of similar nonprofits.

2010 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

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

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$7,038,202

No earlier filing loaded for comparison.

Net Assets

$1,064,206

No earlier filing loaded for comparison.

Liabilities

$5,973,996

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$334,309

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,038,202Liabilities 2010: $5,973,996Net Assets 2010: $1,064,2062010Assets 2011: $7,109,165Liabilities 2011: $6,020,723Net Assets 2011: $1,088,4422011Assets 2012: $7,321,948Liabilities 2012: $6,260,699Net Assets 2012: $1,061,2492012Assets 2013: $7,052,649Liabilities 2013: $5,981,959Net Assets 2013: $1,070,6902013Assets 2014: $6,887,197Liabilities 2014: $5,806,330Net Assets 2014: $1,080,8672014Assets 2015: $7,022,954Liabilities 2015: $5,935,573Net Assets 2015: $1,087,3812015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2010

Assets$7,038,202
Liabilities$5,973,996
Net Assets$1,064,206

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $334,3092010Expenses 2011: $315,4772011Expenses 2012: $335,8642012Revenue 2013: $267,400Expenses 2013: $257,959Net Income 2013: $9,4412013Revenue 2014: $246,972Expenses 2014: $236,795Net Income 2014: $10,1772014Revenue 2015: $237,164Expenses 2015: $230,650Net Income 2015: $6,5142015Revenue 2016: $226,544Expenses 2016: $233,529Net Income 2016: -$6,9852016

Highlighted filing

2010

Revenue-
Expenses$334,309
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Jun 29, 2011
Return Version
2010v3.2
Gross Receipts
$371,695
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.

Major Activities

Activity 2
Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2010, there were 466 loans outstanding totaling $3,528,388.
Activity 3
Paid dividends on member deposits totaling $70,464 for the year.
Filing and Contact Details

Filer

EIN
48-0672785
Raw XML Appendix318 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/AccountsPayableAccruedExpenses/BOY02406
IRS990/AccountsPayableAccruedExpenses/EOY05242
IRS990/AccountsReceivable/BOY01261
IRS990/AccountsReceivable/EOY0919
IRS990/ActivitiesConductedPartnership00
IRS990/Activity2/Description0PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2010, THERE WERE 466 LOANS OUTSTANDING TOTALING $3,528,388.
IRS990/Activity3/Description0PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $70,464 FOR THE YEAR.
IRS990/ActivityOrMissionDescription0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
IRS990/AddressPrincipalOfficerUS/AddressLine101401 FAIRFAX ROAD E-100
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IRS990/Form990PartVIISectionA/NamePerson0MARY WILLIAMS
IRS990/Form990PartVIISectionA/NamePerson1MICHAEL BELL
IRS990/Form990PartVIISectionA/NamePerson2LARRY HURLBERT
IRS990/Form990PartVIISectionA/NamePerson3G DEAN CALDWELL
IRS990/Form990PartVIISectionA/NamePerson4JACK BLACKBURN
IRS990/Form990PartVIISectionA/NamePerson5CYNTHIA OLSON
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IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
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IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/Title0PRESIDENT
IRS990/Form990PartVIISectionA/Title1VICE PRESIDENT
IRS990/Form990PartVIISectionA/Title2TREASURER
IRS990/Form990PartVIISectionA/Title3SECRETARY
IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5MANAGER/CEO
IRS990/Form990ProvidedToGoverningBody00
IRS990/FormersListed00
IRS990/FSAudited00
IRS990/FundraisingActivities00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
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IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts0371695
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IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
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IRS990/InvestmentIncomeCurrentYear0104585
IRS990/InvestmentIncomePriorYear0108261
IRS990/InvestmentIncome/RelatedOrExemptFunctionIncome0104585
IRS990/InvestmentIncome/TotalRevenueColumn0104585
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY0131955
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IRS990/LandBldgEquipmentAccumDeprec014702
IRS990/LandBuildingsEquipmentBasis022278
IRS990/LandBuildingsEquipmentBasisNet/BOY02663
IRS990/LandBuildingsEquipmentBasisNet/EOY07576
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0CYNTHIA OLSON
IRS990/NbrIndependentVotingMembers05
IRS990/NbrVotingGoverningBodyMembers05
IRS990/NbrVotingMembersGoverningBody05
IRS990/NetAssetsOrFundBalancesBOY01026820
IRS990/NetAssetsOrFundBalancesEOY01064206
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith10960708
IRS990/NumberIndependentVotingMembers05
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees03
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total019312
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IRS990/OtherExpensePriorYear0253493
IRS990/OtherExpensesCurrentYear0195240
IRS990/OtherExpenses/Description0MEMBER DIVIDENDS
IRS990/OtherExpenses/Description1PROVISION FOR LOAN LOSS
IRS990/OtherExpenses/Description2NCUSIF ASSESSMENTS
IRS990/OtherExpenses/Description3LOAN SERVICING
IRS990/OtherExpenses/Description4UBIT TAXES
IRS990/OtherExpenses/Total070464
IRS990/OtherExpenses/Total119135
IRS990/OtherExpenses/Total214997
IRS990/OtherExpenses/Total33475
IRS990/OtherExpenses/Total4306
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IRS990/OtherSalariesAndWages/Total052810
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IRS990/ProgramServiceRevenue/Description0INTEREST ON LOANS
IRS990/ProgramServiceRevenue/Description1FEES & OTHER INCOME
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IRS990ScheduleD/OtherLiabilities/Amount05953676
IRS990ScheduleD/OtherLiabilities/Amount115078
IRS990ScheduleD/OtherLiabilities/Description0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED DIVIDENDS PAYABLE
IRS990ScheduleD/TotalOfAmounts05968754
IRS990ScheduleD/TotalOfBookValueLandBuildings07576
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation2SIGNIFICANT CHANGES SUCH AS MERGERS AND CHANGES TO BYLAWS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, THERE WERE NO SUCH CHANGES DURING THE YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD OF DIRECTORS APPROVES THE ACCOUNTING FIRM TO COMPLETE THE RETURN. THE RESPONSIBLITY FOR REVIEWING THE 990 IS DELEGATED TO THE MANAGER/CEO.
IRS990ScheduleO/GeneralExplanation/Explanation4FINANCIAL STATEMENTS ARE POSTED IN THE 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/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section C, line 19
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IRS990/TheBooksAreInCareOf/AddressUS/State0KS
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode066115
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10CYNTHIA OLSON
IRS990/TheBooksAreInCareOf/TelephoneNumber09133711345
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IRS990/TotalNbrEmployees03
IRS990/TotalNbrVolunteers011
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IRS990/TotalOtherCompensation08322
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IRS990/TransactionRelatedEntity00
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IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0WWW.AREACU.COM
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01961
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0480672785
ReturnHeader/Filer/Name/BusinessNameLine10AREA CREDIT UNION
ReturnHeader/Filer/NameControl0AREA
ReturnHeader/Filer/Phone09133711345
ReturnHeader/Filer/USAddress/AddressLine101401 FAIRFAX ROAD No E-100
ReturnHeader/Filer/USAddress/City0KANSAS CITY
ReturnHeader/Filer/USAddress/State0KS
ReturnHeader/Filer/USAddress/ZIPCode066115
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02011-06-29
ReturnHeader/Officer/Name0CYNTHIA OLSON
ReturnHeader/Officer/Phone09133711345
ReturnHeader/Officer/Title0MANAGER/CEO
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10STEPHEN LANG & ASSOCIATES LLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1014323 S OUTER 40 STE N205
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0CHESTERFIELD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MO
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode063017
ReturnHeader/Preparer/Phone03142058601
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02010-01-01
ReturnHeader/TaxPeriodEndDate02010-12-31
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02011-06-29T13:43:09-05:00

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