Civic Intelligence

Odu Credit Union C/O Langley Federal Credit Union

990 • Fiscal year 2016 • EIN 54-0720341

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

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

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

27.05x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

35th percentile

4.9%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

33rd percentile

1.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-12%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$29,346,084

Up $405,168 (+1.4%) from 2015

Net Assets

Up

$2,744,164

Up $48,151 (+1.8%) from 2015

Liabilities

Up

$26,601,920

Up $357,017 (+1.4%) from 2015

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin35th percentile

Revenue

Down

$983,492

Down $138,669 (-12%) from 2015

Expenses

Down

$935,341

Down $136,246 (-13%) from 2015

Net Income

Down

$48,151

Down $2,423 (-4.8%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2016

Assets$29,346,084
Liabilities$26,601,920
Net Assets$2,744,164
Open 2016 Filing

Operations Trend

Revenue Growth2nd 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

2016

Revenue$983,492
Expenses$935,341
Net Income$48,151
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$983,492
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$17,361,575$19,381,853▲ $2,020,278
Other Notes and Loans Receivable, Net$10,611,794$8,804,844▼ $1,806,950
Rtn Earn Endowment Incm Other Fnds$2,696,013$2,744,164▲ $48,151
Land, Buildings, and Equipment, Net$360,301$352,272▼ $8,029
Cash and Non-Interest-Bearing Accounts$270,626$287,681▲ $17,055
Investments Program Related$253,298$256,983▲ $3,685
Total Assets$28,940,916$29,346,084▲ $405,168
Other Assets Total$83,322$262,451▲ $179,129
Liabilities
Other Liabilities$26,104,578$26,503,815▲ $399,237
Accounts Payable and Accrued Expenses$140,325$98,105▼ $42,220
Total Liabilities$26,244,903$26,601,920▲ $357,017
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,696,013$2,744,164▲ $48,151
Total Liabilities and Net Assets / Fund Balance$28,940,916$29,346,084▲ $405,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$236,181$264,107-
Land$113,000--
Equipment$3,091$117,234-
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Robert WojtowiczBoard Chairm
Diane ParkerPresident &
Charles ThomasBoard Secret
Sylvia HudginsBoard Treasu
Marcha SchriverBoard Vice C
Brenda WhitehurstDirector
James DuffyDirector
Michael McshaneDirector
Scott SechristDirector
William RiceDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$864,101
Investment Income
$119,391
Other Revenue
$0
Change in Net Assets
$48,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$588,944
Salaries, Compensation, and Employee Benefits$346,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$301,449
Fees for Services Other---$223,209
Interest---$50,359
Office Expenses---$48,288
Occupancy---$30,565
Payroll Taxes---$24,837
Insurance---$21,430
Other Employee Benefits---$20,111
Advertising---$15,475
Depreciation Depletion---$8,418
Conferences and Meetings---$7,200
Other Expenses---$4,584
All Other Expenses---$3,595
Travel---$636
Total Functional Expenses$0$0$0$935,341
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$26,503,815
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
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Parker
Formed
1958
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
0
Employees
9
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, Page 2, Part III, Line 4D

“To assist members with financial resources.”

Form 990, Part IX, Line 11G

“Professional/ outside service 223,209 0 0”

Raw XML Appendix326 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/ExplanationTxt1TO ASSIST MEMBERS WITH FINANCIAL RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ARE ELECTED BY THE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL/ OUTSIDE SERVICE 223,209 0 0
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02696013
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02744164
IRS990/TotalProgramServiceRevenueAmt0864101
IRS990/TotalRevenueGrp/ExclusionAmt0119391
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0864101
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0983492
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028940916
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029346084
IRS990/TravelGrp/TotalAmt0636
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701 HAMPTON BLVD
IRS990/USAddress/CityNm0NORFOLK
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023517
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
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/SignatureDt02017-11-13
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D01D2B8EE897CCF232C378DB82EB4DE4CFBD74B2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D01D2B8EE897CCF232C378DB82EB4DE4CFBD74B2
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/PreparationDt02017-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THERESA ROHM CPA
ReturnHeader/ReturnTs02017-11-15T10:28:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,346,084
Liabilities
$26,601,920
Net assets
$2,744,164
Revenue
$983,492
Expenses
$935,341
Net income
$48,151
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
2016Detailed filing. Detailed filing data is available for this year.$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