Civic Intelligence

First Choice Credit Union

990 • Fiscal year 2011 • EIN 48-6108874

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 21, 2012

Organization Profile

View Organization Page

1401 N Maize Road67212
Siviq Scores

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

Liabilities / Assets

88th percentile

0.90x

Higher debt load relative to assets than 88% of similar nonprofits.

2011 filings • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

17th percentile

-2.9%

Faster asset growth than 17% of similar nonprofits.

2011 filings • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$69,241,545

Down $2,051,157 (-2.9%) from 2010

Net Assets

Down

$7,205,973

Down $1,882,147 (-21%) from 2010

Liabilities

Down

$62,035,572

Down $169,010 (-0.3%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,768,733

Up $2,079,253 (+56%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$80M$60M$40M$20M$0Assets 2010: $71,292,702Liabilities 2010: $62,204,582Net Assets 2010: $9,088,1202010Assets 2011: $69,241,545Liabilities 2011: $62,035,572Net Assets 2011: $7,205,9732011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012

Highlighted filing

2011

Assets$69,241,545
Liabilities$62,035,572
Net Assets$7,205,973
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Expenses 2010: $3,689,4802010Expenses 2011: $5,768,7332011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012

Highlighted filing

2011

Revenue-
Expenses$5,768,733
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 21, 2012
Return Version
2011v1.2
Gross Receipts
$4,478,486
Mission and Program Overview

Major Activities

Activity 2
Provides loan services to 2,304 members at a fair and reasonable rate of interest.
Activity 3
Provide checking account transaction and payment services and account access to 2,805 members.
Filing and Contact Details

Filer

EIN
48-6108874
Raw XML AppendixShowing 400 of 408 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/Activity3/Description0PROVIDE CHECKING ACCOUNT TRANSACTION AND PAYMENT SERVICES AND ACCOUNT ACCESS TO 2,805 MEMBERS.
IRS990/ActivityOrMissionDescription0FIRST CHOICE CREDIT UNION, A MEMBER-OWNED ORGANIZATION, IS DEDICATED TO IMPROVING MEMBERS' FINANCIAL WELL-BEING.
IRS990/AddressPrincipalOfficerUS/AddressLine101401 N MAIZE ROAD
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IRS990/Form990PartVIISectionA/Title1VICE CHAIRMAN
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IRS990ScheduleD/OtherAssets/Description0NEW YORK LIFE INSURANCE ANNUITY
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IRS990ScheduleD/OtherAssets/Description3FIFTH THIRD SETTLEMENT ACCOUNT
IRS990ScheduleD/OtherAssets/Description4ING INVESTMENT
IRS990ScheduleD/OtherAssets/Description5ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssets/Description6457B PLAN ASSET
IRS990ScheduleD/OtherAssets/Description7ACCRUED INCOME ON INVESTMENTS
IRS990ScheduleD/OtherAssets/Description8OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssets/Description9ALL OTHER
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IRS990ScheduleD/OtherLiabilities/Amount1140003
IRS990ScheduleD/OtherLiabilities/Amount24454
IRS990ScheduleD/OtherLiabilities/Description0MEMBER SHARE DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1ACCRUED LIABILITY-DEFERRED COMP PLAN
IRS990ScheduleD/OtherLiabilities/Description2ACCRUED DIVIDENDS PAYABLE
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE CREDIT UNION PROVIDED TRAVEL, RELATED TO A NATIONAL DIRECTORS' CONFERENCE, FOR SPOUSES OF THE FOLLOWING BOARD MEMBERS: MIKE STERLING, DIRECTOR - $329 RICHARD TAYLOR, SECRETARY - $329
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1THE COMPENSATION COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION PROVIDED BY AN INDEPENDENT CONSULTANT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation2LINDA NICHOLSON, PRESIDENT/CEO, PARTICIPATED IN A 457(F) DEFERRED COMPENSATION PLAN. A PAYOUT OF $319,271 WAS MADE DURING THE YEAR ENDED DECEMBER 31, 2011, AND WAS INCLUDED ON HER W-2 AS REQUIRED. THE REMAINING LIABILITY RELATED TO THIS PLAN IS ZERO AS OF DECEMBER 31, 2011.
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IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference1PART I, LINE 3
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD OF DIRECTORS EXECUTED A MANAGEMENT AGREEMENT WITH CREDIT UNION OF AMERICA, WICHITA, KS TO ASSUME MANAGEMENT OF FIRST CHOICE CREDIT UNION'S LENDING AND COLLECTION ACTIVITIES.
IRS990ScheduleO/GeneralExplanation/Explanation1THE CREDIT UNION IS MUTUALLY OWNED BY MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation3CERTAIN SIGNIFICANT CHANGES ARE SUBJECT TO APPROVAL BY THE CREDIT UNION MEMBERS. AT A SPECIAL MEETING HELD NOVEMBER 10, 2011, FIRST CHOICE CREDIT UNION MEMBERS VOTED TO APPROVE THE MERGER WITH CREDIT UNION OF AMERICA. THE MERGER WAS NOT EFFECTIVE UNTIL JANUARY 1, 2012.
IRS990ScheduleO/GeneralExplanation/Explanation4THE 990 RETURN WAS REVIEWED BY CREDIT UNION OF AMERICA'S MANAGEMENT BEFORE SUBMITTING ON BEHALF OF FIRST CHOICE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation5EACH MEMBER OF THE BOARD OF DIRECTORS COMPLETED AND SIGNED AN AFFIDAVIT RESPONDING TO QUESTIONS CONCERNING AREAS OF CONFLICT OF INTEREST. THESE STATEMENTS ARE MAINTAINED ON FILE.
IRS990ScheduleO/GeneralExplanation/Explanation6THE COMPENSATION COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE AND DETERMINES COMPENSATION USING VARIOUS INFORMATION PROVIDED BY AN INDEPENDENT CONSULTANT. ALL OTHER MANAGEMENT COMPENSATION IS DETERMINED BY THE PRESIDENT AND IS PRESENTED AS PART OF THE BUDGET PACKAGE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation7FINANCIAL STATMENTS ARE POSTED ON THE LOBBY BULLETIN BOARD, PRESENTED AT THE ANNUAL MEETING, AND ARE AVAILABLE UPON REQUEST. IN ADDITION, THE NCUA WEBSITE PUBLISHES FINANCIAL INFORMATION AS PART OF THE QUARTERLY CALL REPORTS. OTHER DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation8OFFICERS, DIRECTORS, AND KEY EMPLOYEES CAN BE CONTACTED IN CARE OF: CREDIT UNION OF AMERICA ATTN: PAUL MEISSNER PO BOX 47528 WICHITA, KS 67201-4728 THIS INCLUDES GARY HOWARD, CLINTON, KOKER, RICHARD TAYLOR, CONNIE HEMBREE, MIKE STERLING, AND LINDA NICHOLSON.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART VI, SECTION A, LINE 9:
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IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode067209
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10PAUL MEISSNER-SVP CREDIT UNION OF AMERICA
IRS990/TheBooksAreInCareOf/TelephoneNumber03162653272
IRS990/TotalAssets/BOY071292702
IRS990/TotalAssetsBOY071292702
IRS990/TotalAssets/EOY069241545
IRS990/TotalAssetsEOY069241545
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IRS990/TotalExpensesPriorYear03689480
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IRS990/TotalLiabilitiesBOY062204582
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IRS990/TotalLiabilitiesEOY062035572
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IRS990/TotalNbrVolunteers08
IRS990/TotalNetAssetsFundBalances/BOY09088120
IRS990/TotalNetAssetsFundBalances/EOY07205973
IRS990/TotalOtherCompensation0180358
IRS990/TotalOtherRevenue019027
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue03348327
IRS990/TotalReportableCompFrmRltdOrgs00
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IRS990/TotalRevenueCurrentYear03886586
IRS990/TotalRevenue/ExclusionAmount00
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IRS990/WebSite0WWW.FIRSTCHOICECU.COM
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01951
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0486108874
ReturnHeader/Filer/Name/BusinessNameLine10FIRST CHOICE CREDIT UNION
ReturnHeader/Filer/NameControl0FIRS
ReturnHeader/Filer/Phone03167213228
ReturnHeader/Filer/USAddress/AddressLine101401 N MAIZE ROAD
ReturnHeader/Filer/USAddress/City0WICHITA
ReturnHeader/Filer/USAddress/State0KS
ReturnHeader/Filer/USAddress/ZIPCode067212
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02012-11-21
ReturnHeader/Officer/Name0PAUL MEISSNER
ReturnHeader/Officer/Phone03162653272
ReturnHeader/Officer/Title0SVP-CREDIT UNION OF AMERICA
ReturnHeader/PreparerFirm/EIN0431592217
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10J TENBRINK & ASSOCIATES
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1011272 S RIDGEVIEW RD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0OLATHE

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$69,241,545
Liabilities
$62,035,572
Net assets
$7,205,973
Revenue
-
Expenses
$5,768,733
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.2$62.0$7.21$5.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$62.2$9.09$3.69