Civic Intelligence

Odu Credit Union C/O Langley Federal Credit Union

990 • Fiscal year 2015 • EIN 54-0720341

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 02, 2016

Organization ProfileWWW.ODUCREDITUNION.ORG

View Organization Page

2701 Hampton BlvdNorfolk, VA 23501

(757) 533-9308

Siviq Scores

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

Liabilities / Assets

79th percentile

0.91x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

23.39x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Net Margin

36th percentile

4.5%

Higher net margin than 36% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$69,033

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Asset Growth

49th percentile

3.0%

Faster asset growth than 49% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2015

Revenue Growth

4th percentile

-9.2%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2015

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$28,940,916

Up $1,649,813 (+6.0%) from 2013

Net Assets

Up

$2,696,013

Up $174,908 (+6.9%) from 2013

Liabilities

Up

$26,244,903

Up $1,474,905 (+6.0%) from 2013

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin36th percentile

Revenue

Down

$1,122,161

Down $237,767 (-17%) from 2013

Expenses

Down

$1,071,587

Down $116,820 (-9.8%) from 2013

Net Income

Down

$50,574

Down $120,947 (-71%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$30M$20M$10M$0Assets 2010: $23,214,670Liabilities 2010: $21,088,084Net Assets 2010: $2,126,5862010Assets 2011: $23,805,587Liabilities 2011: $21,558,172Net Assets 2011: $2,247,4152011Assets 2012: $26,239,381Liabilities 2012: $23,889,797Net Assets 2012: $2,349,5842012Assets 2013: $27,291,103Liabilities 2013: $24,769,998Net Assets 2013: $2,521,1052013Assets 2015: $28,940,916Liabilities 2015: $26,244,903Net Assets 2015: $2,696,0132015Assets 2016: $29,346,084Liabilities 2016: $26,601,920Net Assets 2016: $2,744,1642016Assets 2017: $29,654,322Liabilities 2017: $26,903,482Net Assets 2017: $2,750,8402017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$28,940,916
Liabilities$26,244,903
Net Assets$2,696,013
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,301,2972010Expenses 2011: $1,206,7672011Expenses 2012: $1,212,4682012Revenue 2013: $1,359,928Expenses 2013: $1,188,407Net Income 2013: $171,5212013Revenue 2015: $1,122,161Expenses 2015: $1,071,587Net Income 2015: $50,5742015Revenue 2016: $983,492Expenses 2016: $935,341Net Income 2016: $48,1512016Revenue 2017: $907,836Expenses 2017: $931,160Net Income 2017: -$23,3242017Revenue 2018: $787,341Expenses 2018: $943,194Net Income 2018: -$155,8532018

Highlighted filing

2015

Revenue$1,122,161
Expenses$1,071,587
Net Income$50,574
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 2, 2016
Return Version
2015v2.1
Gross Receipts
$1,122,161
Mission and Program Overview

Mission

Credit unions are member owned financial cooperatives that provide financial services to their members in the form of checking and savings accounts, loans, and certain other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,176,222$17,361,575▲ $2,185,353
Other Notes and Loans Receivable, Net$12,372,104$10,611,794▼ $1,760,310
Rtn Earn Endowment Incm Other Fnds$2,645,439$2,696,013▲ $50,574
Land, Buildings, and Equipment, Net$374,379$360,301▼ $14,078
Cash and Non-Interest-Bearing Accounts$231,812$270,626▲ $38,814
Total Assets$28,484,284$28,940,916▲ $456,632
Other Assets Total$329,767$336,620▲ $6,853
Liabilities
Other Liabilities$25,698,141$26,104,578▲ $406,437
Accounts Payable and Accrued Expenses$140,704$140,325▼ $379
Total Liabilities$25,838,845$26,244,903▲ $406,058
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,645,439$2,696,013▲ $50,574
Total Liabilities and Net Assets / Fund Balance$28,484,284$28,940,916▲ $456,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$247,260$253,028-
Other Land Buildings$41$193,508-
Land$113,000--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Diane ParkerPresident &FT$69,033$69,033

Board Members and Trustees

NameTitle
Robert WojtowiczBoard Chairm
Charles ThomasBoard Secret
Sylvia HudginsBoard Treasu
Marcha SchriverBoard Vice C
Brenda WhitehurstDirector
Christopher OsgoodDirector
James DuffyDirector
Michael McshaneDirector
William RiceDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,027,492
Investment Income
$94,669
Other Revenue
$0
Change in Net Assets
$50,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$719,517
Salaries, Compensation, and Employee Benefits$352,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$238,619
Fees for Services Other---$225,422
Current Officers, Directors, Trustees, and Key Employees---$69,033
Interest---$52,634
Office Expenses---$50,932
Occupancy---$40,374
Advertising---$29,004
Payroll Taxes---$24,705
Insurance---$20,009
Other Employee Benefits---$19,713
Depreciation Depletion---$14,079
Fees for Services Accounting---$9,775
Conferences and Meetings---$7,200
Other Expenses---$4,620
All Other Expenses---$4,339
Travel---$665
Total Functional Expenses$0$0$0$1,071,587
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
MEMBERS' DEPOSITS$26,104,578
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is organized with members.”

Form 990, Page 6, Part VI, Line 7A

“Directors are elected by the members”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 15A

“All salaries are reviewed and approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“No documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Odu Credit Union
EIN
54-0720341
Phone
7575339308
Address
2701 HAMPTON BLVD, NORFOLK, VA 23501

Signing Officer

Name
Diane Parker
Title
President & CEO
Phone
7575339308
Signed
2016-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Parker
Formed
1958
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
14

Preparer

Firm
A Rohm Smith & Company
Address
11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
Preparer
Theresa Rohm CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers serve on the board of directors and the supervisory committee.”

Form 990, Part IX, Line 11G

“Professional/ outside service 225,422 0 0”

Raw XML Appendix332 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE ON THE BOARD OF DIRECTORS AND THE SUPERVISORY COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01071587
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025838845
IRS990/TotalLiabilitiesEOYAmt026244903
IRS990/TotalLiabilitiesGrp/BOYAmt025838845
IRS990/TotalLiabilitiesGrp/EOYAmt026244903
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02645439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02696013
IRS990/TotalProgramServiceRevenueAmt01027492
IRS990/TotalReportableCompFromOrgAmt069033
IRS990/TotalRevenueGrp/ExclusionAmt094669
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01027492
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01122161
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028484284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028940916
IRS990/TravelGrp/TotalAmt0665
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701 HAMPTON BLVD
IRS990/USAddress/CityNm0NORFOLK
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023517
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ODUCREDITUNION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07575339308
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ODU CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ODUC
ReturnHeader/Filer/EIN0540720341
ReturnHeader/Filer/PhoneNum07575339308
ReturnHeader/Filer/USAddress/AddressLine1Txt02701 HAMPTON BLVD
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023501
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813356257
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A ROHM SMITH & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011832 ROCK LANDING DR STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWPORT NEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0236064277
ReturnHeader/PreparerPersonGrp/PhoneNum07572239602
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THERESA ROHM CPA
ReturnHeader/ReturnTs02016-11-09T11:06:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,940,916
Liabilities
$26,244,903
Net assets
$2,696,013
Revenue
$1,122,161
Expenses
$1,071,587
Net income
$50,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.79$0.94$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.7$26.9$2.75$0.91$0.93$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.3$26.6$2.74$0.98$0.94$0.05
2015Detailed filing. Detailed filing data is available for this year.$28.9$26.2$2.70$1.12$1.07$0.05
2013Detailed filing. Detailed filing data is available for this year.$27.3$24.8$2.52$1.36$1.19$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$23.9$2.35$1.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$21.6$2.25$1.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$21.1$2.13$1.30