Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2017 • EIN 56-0580539

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 25, 2018

Organization ProfileWWW.ARCADECU.COM

View Organization Page

151 Patton AvenueAsheville, NC 28801

(828) 254-1582

Siviq Scores

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

Liabilities / Assets

69th percentile

0.89x

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

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

28.18x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

24th percentile

-1.7%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$48,960

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

99th percentile

12%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

4.6%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$7,831,500

Up $845,130 (+12%) from 2016

Net Assets

Down

$890,745

Down $4,299 (-0.5%) from 2016

Liabilities

Up

$6,940,755

Up $849,429 (+14%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin24th percentile

Revenue

Up

$246,288

Up $10,870 (+4.6%) from 2016

Expenses

Down

$250,587

Down $44,294 (-15%) from 2016

Net Income

Up

-$4,299

Up $55,164 (+93%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$10M$5.0M$0Assets 2011: $7,044,565Liabilities 2011: $5,855,339Net Assets 2011: $1,189,2262011Assets 2012: $7,216,526Liabilities 2012: $6,031,066Net Assets 2012: $1,185,4602012Assets 2013: $6,926,160Liabilities 2013: $5,930,874Net Assets 2013: $995,2862013Assets 2014: $6,979,257Liabilities 2014: $6,028,360Net Assets 2014: $950,8972014Assets 2015: $6,972,515Liabilities 2015: $6,018,008Net Assets 2015: $954,5072015Assets 2016: $6,986,370Liabilities 2016: $6,091,326Net Assets 2016: $895,0442016Assets 2017: $7,831,500Liabilities 2017: $6,940,755Net Assets 2017: $890,7452017Assets 2018: $7,332,876Liabilities 2018: $6,441,296Net Assets 2018: $891,5802018Assets 2019: $6,932,519Liabilities 2019: $6,033,752Net Assets 2019: $898,7672019Assets 2020: $7,005,230Liabilities 2020: $6,130,027Net Assets 2020: $875,2032020Assets 2021: $7,602,782Liabilities 2021: $6,731,094Net Assets 2021: $871,6882021Assets 2022: $7,560,900Liabilities 2022: $6,692,097Net Assets 2022: $868,8032022Assets 2023: $7,957,273Liabilities 2023: $7,000,056Net Assets 2023: $957,2172023Assets 2024: $8,211,950Liabilities 2024: $7,173,926Net Assets 2024: $1,038,0242024

Highlighted filing

2017

Assets$7,831,500
Liabilities$6,940,755
Net Assets$890,745
Open 2017 Filing

Operations Trend

Revenue Growth64th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $299,837Expenses 2011: $298,922Net Income 2011: $9152011Revenue 2012: $281,018Expenses 2012: $284,784Net Income 2012: -$3,7662012Revenue 2013: $252,393Expenses 2013: $442,567Net Income 2013: -$190,1742013Revenue 2014: $226,950Expenses 2014: $271,339Net Income 2014: -$44,3892014Revenue 2015: $233,225Expenses 2015: $229,615Net Income 2015: $3,6102015Revenue 2016: $235,418Expenses 2016: $294,881Net Income 2016: -$59,4632016Revenue 2017: $246,288Expenses 2017: $250,587Net Income 2017: -$4,2992017Revenue 2018: $274,382Expenses 2018: $273,547Net Income 2018: $8352018Revenue 2019: $290,360Expenses 2019: $283,173Net Income 2019: $7,1872019Revenue 2020: $250,134Expenses 2020: $273,698Net Income 2020: -$23,5642020Revenue 2021: $220,223Expenses 2021: $223,738Net Income 2021: -$3,5152021Revenue 2022: $254,248Expenses 2022: $257,133Net Income 2022: -$2,8852022Revenue 2023: $381,545Expenses 2023: $293,131Net Income 2023: $88,4142023Revenue 2024: $436,746Expenses 2024: $356,576Net Income 2024: $80,1702024

Highlighted filing

2017

Revenue$246,288
Expenses$250,587
Net Income-$4,299
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 25, 2018
Return Version
2017v2.2
Gross Receipts
$246,288
Mission and Program Overview

Mission

To make loans and provide savings accounts for members at reasonable rates

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,238,422$4,162,120▲ $923,698
Other Notes and Loans Receivable, Net$3,561,711$3,391,740▼ $169,971
Rtn Earn Endowment Incm Other Fnds$895,044$890,745▼ $4,299
Cash and Non-Interest-Bearing Accounts$99,691$183,764▲ $84,073
Land, Buildings, and Equipment, Net$8,180$11,793▲ $3,613
Total Assets$6,986,370$7,831,500▲ $845,130
Other Assets Total$78,366$82,083▲ $3,717
Liabilities
Other Liabilities$6,076,993$6,902,698▲ $825,705
Accounts Payable and Accrued Expenses$14,333$38,057▲ $23,724
Total Liabilities$6,091,326$6,940,755▲ $849,429
Net Assets / Fund Balance
Total Net Assets Fund Balance$895,044$890,745▼ $4,299
Total Liabilities and Net Assets / Fund Balance$6,986,370$7,831,500▲ $845,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,793-$11,793
Other Assets Org$21,313--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleBaseTotal
Vann GibbsPresident$48,960$48,960

Board Members and Trustees

NameTitle
Lavonda WashburnSup.comm Chairman
Phala FrankSup.comm. Chairman
William BrownVice President
Larry CarrDirector
Mike HunsuckerDirector
Robert ReynoldsDirector
Tamara HoustonDirector
Karen KellyDirector/sup.comm
Charlene HyattTreasurer/board
John HughesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$204,104
Investment Income
$42,184
Other Revenue
$0
Change in Net Assets
$-4,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,909
Salaries, Compensation, and Employee Benefits$123,678
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$74,718
Information Technology---$68,834
Current Officers, Directors, Trustees, and Key Employees---$48,960
Office Expenses---$34,717
Fees for Services Other---$15,002
Interest---$9,077
Other Expenses---$7,727
Conferences and Meetings---$1,200
Advertising---$110
Total Functional Expenses$0$0$0$250,587
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares$6,902,698
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
Filing and Contact Details

Filer

Filer Name
Arcade Credit Union
EIN
56-0580539
Phone
8282541582
Address
151 PATTON AVENUE, ASHEVILLE, NC 28801

Signing Officer

Name
Charlene Hyatt
Title
Manager
Phone
8282541582
Signed
2018-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlene Hyatt
Formed
1952
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
8
Employees
3
Volunteers
12

Preparer

Firm
Carolinas Credit Union League
Address
323 W Jones Street Suite 200, Raleigh, NC 27603
Preparer
Ladawn Atkinson
Phone
3363140812
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“MEMBERS”

Pt VI, Line 7A

“YES, MEMBERS”

Pt VI, Line 7B

“YES, MEMBERS”

Pt VI, Line 11B

“Sent to manager for review and signature”

Pt VI, Line 12C

“Monitor periodically to ensure compliance”

Pt VI, Line 19

“Provide copies upon request”

Pt XII, Line 2C

“Supervisory committee hires independent audit firm and reviews report”

Raw XML Appendix311 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/ExplanationTxt4MONITOR PERIODICALLY TO ENSURE COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROVIDE COPIES UPON REQUEST
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLENE HYATT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08282541582
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARCADE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ARCA
ReturnHeader/Filer/EIN0560580539
ReturnHeader/Filer/PhoneNum08282541582
ReturnHeader/Filer/USAddress/AddressLine1Txt0151 PATTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0ASHEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028801
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId090BEEB8AE062264D292DB6B44125583ABFF5BB72
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId090BEEB8AE062264D292DB6B44125583ABFF5BB72
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.101.206.5
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:18:48
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAROLINAS CREDIT UNION LEAGUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0323 W Jones Street Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027603
ReturnHeader/PreparerPersonGrp/PhoneNum03363140812
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LADAWN ATKINSON
ReturnHeader/ReturnTs02018-05-11T08:18:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,831,500
Liabilities
$6,940,755
Net assets
$890,745
Revenue
$246,288
Expenses
$250,587
Net income
-$4,299
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.21$7.17$1.04$0.44$0.36$0.08
2023Detailed filing. Detailed filing data is available for this year.$7.96$7.00$0.96$0.38$0.29$0.09
2022Detailed filing. Detailed filing data is available for this year.$7.56$6.69$0.87$0.25$0.26$0.00
2021Detailed filing. Detailed filing data is available for this year.$7.60$6.73$0.87$0.22$0.22$0.00
2020Detailed filing. Detailed filing data is available for this year.$7.01$6.13$0.88$0.25$0.27$0.02
2019Detailed filing. Detailed filing data is available for this year.$6.93$6.03$0.90$0.29$0.28$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.33$6.44$0.89$0.27$0.27$0.00
2017Detailed filing. Detailed filing data is available for this year.$7.83$6.94$0.89$0.25$0.25$0.00
2016Detailed filing. Detailed filing data is available for this year.$6.99$6.09$0.90$0.24$0.29$0.06
2015Detailed filing. Detailed filing data is available for this year.$6.97$6.02$0.95$0.23$0.23$0.00
2014Detailed filing. Detailed filing data is available for this year.$6.98$6.03$0.95$0.23$0.27$0.04
2013Summary only. Only limited summary data is available for this year.$6.93$5.93$1.00$0.25$0.44$0.19
2012Summary only. Only limited summary data is available for this year.$7.22$6.03$1.19$0.28$0.28$0.00
2011Summary only. Only limited summary data is available for this year.$7.04$5.86$1.19$0.30$0.30$0.00