Civic Intelligence

Bradken Credit Union

EIN 48-6106586 • 501(c)14 • Atchison, KS

Profile

To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the credit union.

315 South 4th StreetAtchison, KS 66002-2841

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

95th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2021

Net Margin

11th percentile

-624%

Higher net margin than 11% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

-54%

Faster revenue growth than 43% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $7,298,002 (-100%) from 2020

Liabilities

Down

$0

Down $6,281,583 (-100%) from 2020

Net Assets

Down

$0

Down $1,016,419 (-100%) from 2020

Revenue

Down

$163,928

Down $195,385 (-54%) from 2020

Expenses

Up

$1,186,361

Up $853,976 (+257%) from 2020

Net Income

Down

-$1,022,433

Down $1,049,361 (-3897%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $7,685,840Liabilities 2010: $6,713,457Net Assets 2010: $972,3832010Assets 2011: $7,686,177Liabilities 2011: $6,598,381Net Assets 2011: $1,087,7962011Assets 2012: $7,976,548Liabilities 2012: $6,799,389Net Assets 2012: $1,177,1592012Assets 2013: $8,027,768Liabilities 2013: $6,781,086Net Assets 2013: $1,246,6822013Assets 2014: $8,321,785Liabilities 2014: $7,020,656Net Assets 2014: $1,301,1292014Assets 2015: $8,058,274Liabilities 2015: $6,741,902Net Assets 2015: $1,316,3722015Assets 2016: $7,959,948Liabilities 2016: $6,634,044Net Assets 2016: $1,325,9042016Assets 2017: $7,495,656Liabilities 2017: $6,409,905Net Assets 2017: $1,085,7512017Assets 2018: $7,039,841Liabilities 2018: $6,082,931Net Assets 2018: $956,9102018Assets 2019: $6,946,116Liabilities 2019: $5,956,625Net Assets 2019: $989,4912019Assets 2020: $7,298,002Liabilities 2020: $6,281,583Net Assets 2020: $1,016,4192020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $372,2602010Expenses 2011: $307,8152011Expenses 2012: $387,5002012Revenue 2013: $485,805Expenses 2013: $416,282Net Income 2013: $69,5232013Revenue 2014: $469,090Expenses 2014: $414,643Net Income 2014: $54,4472014Revenue 2015: $408,948Expenses 2015: $393,705Net Income 2015: $15,2432015Revenue 2016: $348,507Expenses 2016: $338,975Net Income 2016: $9,5322016Revenue 2017: $337,313Expenses 2017: $577,406Net Income 2017: -$240,0932017Revenue 2018: $405,276Expenses 2018: $534,117Net Income 2018: -$128,8412018Revenue 2019: $430,591Expenses 2019: $398,010Net Income 2019: $32,5812019Revenue 2020: $359,313Expenses 2020: $332,385Net Income 2020: $26,9282020Revenue 2021: $163,928Expenses 2021: $1,186,361Net Income 2021: -$1,022,4332021

Highlighted filing

2021

Revenue$163,928
Expenses$1,186,361
Net Income-$1,022,433

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$163,928
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
Savings and Temporary Cash Investments$4,307,369$0▼ $4,307,369
Other Notes and Loans Receivable, Net$2,649,716$0▼ $2,649,716
Rtn Earn Endowment Incm Other Fnds$1,016,419$0▼ $1,016,419
Cash and Non-Interest-Bearing Accounts$281,529$0▼ $281,529
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,298,002$0▼ $7,298,002
Other Assets Total$59,388$0▼ $59,388
Liabilities
Other Liabilities$6,281,583$0▼ $6,281,583
Total Liabilities$6,281,583$0▼ $6,281,583
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,016,419$0▼ $1,016,419
Total Liabilities and Net Assets / Fund Balance$7,298,002$0▼ $7,298,002
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rita HartmanManager / Secretary-treasurerFT$17,078$121$17,199

Board Members and Trustees

NameTitle
Charles CrosslandPresident
Anthony WilburnVice President
Joseph WilburnDirector
Marguerite HicksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$139,851
Investment Income
$24,077
Other Revenue
$0
Change in Net Assets
$-1,022,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,115,698
Salaries, Compensation, and Employee Benefits$62,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$34,096
Fees for Services Accounting---$33,416
Current Officers, Directors, Trustees, and Key Employees---$17,199
Information Technology---$13,612
Fees for Services Legal---$12,920
Benefits to Members---$7,874
Other Employee Benefits---$6,980
Insurance---$4,629
Payroll Taxes---$4,514
Office Expenses---$4,354
Other Expenses---$2,574
All Other Expenses---$150
Total Functional Expenses$0$0$0$1,186,361
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 4

A certificate of final approval and dissoluiton was filed with the kansas department of credit unions.

Form 990, Part VI, Section A, line 5

During the period, a possible internal theft was identifed and is under investigation. An allowance of $893,591 was recorded for the pending bond claim. For the protection of its members, the credit union is being merged into frontier community credit union.

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/ceo of frontier community credit union will review the final form 990.

Form 990, Part VI, Section B, line 15

The board of directors reviews and approves compensation for both employees. Deliberations and decisions are documented in the board minutes.

Form 990, Part VI, Section C, line 19

Financial 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 avaiable upon request.

Filing and Contact Details

Filer

Filer Name
Muddy River Credit Union
EIN
48-6106586
Phone
9136740933
Address
315 SOUTH 4TH STREET, ATCHISON, KS 66002-2841

Signing Officer

Name
Michael Augustine Presidentceo
Title
Frontier Community Credit Union
Phone
9136516575
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Augustine Presid
Formed
1939
Legal Domicile
Ks
Voting Board Members
4
Independent Board Members
4
Employees
2
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:

Transfer of net assets to frontier community credit union 6,014.

Raw XML Appendix370 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0690 EISENHOWER ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1690 EISENHOWER ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2690 EISENHOWER ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3690 EISENHOWER ROAD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LEAVENWORTH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1LEAVENWORTH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2LEAVENWORTH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3LEAVENWORTH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0KS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1KS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2KS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3KS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0660484800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1660484800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd2660484800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd3660484800
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A CERTIFICATE OF FINAL APPROVAL AND DISSOLUITON WAS FILED WITH THE KANSAS DEPARTMENT OF CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE PERIOD, A POSSIBLE INTERNAL THEFT WAS IDENTIFED AND IS UNDER INVESTIGATION. AN ALLOWANCE OF $893,591 WAS RECORDED FOR THE PENDING BOND CLAIM. FOR THE PROTECTION OF ITS MEMBERS, THE CREDIT UNION IS BEING MERGED INTO FRONTIER COMMUNITY CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS; HOWEVER, NO SUCH CHANGES WERE MADE DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT/CEO OF FRONTIER COMMUNITY CREDIT UNION WILL REVIEW THE FINAL FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR BOTH EMPLOYEES. DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL 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 AVAIABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRANSFER OF NET ASSETS TO FRONTIER COMMUNITY CREDIT UNION 6,014.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt07298002
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt07298002
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt01186361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06281583
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt06281583
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01016419
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt0121
IRS990/TotalProgramServiceRevenueAmt0139851
IRS990/TotalReportableCompFromOrgAmt017078
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0163928
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0163928
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07298002
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0630 EISENHOWER ROAD
IRS990/USAddress/CityNm0LEAVENWORTH
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd0660484800
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL AUGUSTINE PRESIDENTCEO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FRONTIER COMMUNITY CREDIT UNION
ReturnHeader/BusinessOfficerGrp/PhoneNum09136516575
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MUDDY RIVER CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MUDD
ReturnHeader/Filer/EIN0486106586
ReturnHeader/Filer/PhoneNum09136740933
ReturnHeader/Filer/USAddress/AddressLine1Txt0315 SOUTH 4TH STREET
ReturnHeader/Filer/USAddress/CityNm0ATCHISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd0660022841
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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GERALD TENBRINK
ReturnHeader/ReturnTs02021-11-15T14:11:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0AUGUSTINE PRESIDENTC
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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