Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2021 • EIN 56-0634448

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 12, 2022

4301 Yancey RoadCharlotte, NC 28217

(704) 523-0075

Siviq Scores

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

Liabilities / Assets

14th percentile

0.81x

Higher debt load relative to assets than 14% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

33rd percentile

20.07x

Higher debt load relative to revenue than 33% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Net Margin

28th percentile

2.8%

Higher net margin than 28% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$96,251

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2021

Asset Growth

5th percentile

-1.6%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

1.2%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$31,510,523

Down $525,289 (-1.6%) from 2020

Net Assets

Down

$5,894,000

Down $31,000 (-0.5%) from 2020

Liabilities

Down

$25,616,523

Down $494,289 (-1.9%) from 2020

Revenue

Up

$1,276,041

Up $15,263 (+1.2%) from 2020

Expenses

Down

$1,240,210

Down $9,568 (-0.8%) from 2020

Net Income

Up

$35,831

Up $24,831 (+226%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $34,251,419Liabilities 2010: $28,892,107Net Assets 2010: $5,359,3122010Assets 2011: $37,644,123Liabilities 2011: $32,221,123Net Assets 2011: $5,423,0002011Assets 2012: $37,627,165Liabilities 2012: $32,184,165Net Assets 2012: $5,443,0002012Assets 2013: $36,709,270Liabilities 2013: $31,144,377Net Assets 2013: $5,564,8932013Assets 2014: $35,516,384Liabilities 2014: $29,859,225Net Assets 2014: $5,657,1592014Assets 2015: $33,799,279Liabilities 2015: $28,055,843Net Assets 2015: $5,743,4362015Assets 2016: $37,161,851Liabilities 2016: $31,312,089Net Assets 2016: $5,849,7622016Assets 2017: $33,758,840Liabilities 2017: $27,865,554Net Assets 2017: $5,893,2862017Assets 2018: $31,609,195Liabilities 2018: $25,696,194Net Assets 2018: $5,913,0012018Assets 2019: $29,683,912Liabilities 2019: $23,769,911Net Assets 2019: $5,914,0012019Assets 2020: $32,035,812Liabilities 2020: $26,110,812Net Assets 2020: $5,925,0002020Assets 2021: $31,510,523Liabilities 2021: $25,616,523Net Assets 2021: $5,894,0002021Assets 2022: $32,790,566Liabilities 2022: $27,133,566Net Assets 2022: $5,657,0002022Assets 2023: $29,628,187Liabilities 2023: $25,070,548Net Assets 2023: $4,557,6392023Assets 2024: $28,554,173Liabilities 2024: $24,547,438Net Assets 2024: $4,006,7352024

Highlighted filing

2021

Assets$31,510,523
Liabilities$25,616,523
Net Assets$5,894,000

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,074,5022010Revenue 2011: $1,962,893Expenses 2011: $1,899,205Net Income 2011: $63,6882011Expenses 2012: $1,804,3342012Revenue 2013: $1,675,048Expenses 2013: $1,571,897Net Income 2013: $103,1512013Revenue 2014: $1,597,586Expenses 2014: $1,501,303Net Income 2014: $96,2832014Revenue 2015: $1,504,233Expenses 2015: $1,417,956Net Income 2015: $86,2772015Revenue 2016: $1,496,634Expenses 2016: $1,390,308Net Income 2016: $106,3262016Revenue 2017: $1,463,763Expenses 2017: $1,422,638Net Income 2017: $41,1252017Revenue 2018: $1,517,427Expenses 2018: $1,503,162Net Income 2018: $14,2652018Revenue 2019: $1,460,905Expenses 2019: $1,459,905Net Income 2019: $1,0002019Revenue 2020: $1,260,778Expenses 2020: $1,249,778Net Income 2020: $11,0002020Revenue 2021: $1,276,041Expenses 2021: $1,240,210Net Income 2021: $35,8312021Revenue 2022: $1,251,970Expenses 2022: $1,488,970Net Income 2022: -$237,0002022Revenue 2023: $1,325,679Expenses 2023: $2,148,826Net Income 2023: -$823,1472023Revenue 2024: $1,466,305Expenses 2024: $2,017,209Net Income 2024: -$550,9042024

Highlighted filing

2021

Revenue$1,276,041
Expenses$1,240,210
Net Income$35,831
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 12, 2022
Return Version
2021v4.2
Gross Receipts
$1,276,041
Mission and Program Overview

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members.

Providing low cost loans financial services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$15,922,418$16,058,525▲ $136,107
Savings and Temporary Cash Investments$12,709,785$10,336,013▼ $2,373,772
Rtn Earn Endowment Incm Other Fnds$5,925,000$5,894,000▼ $31,000
Cash and Non-Interest-Bearing Accounts$2,191,538$2,473,222▲ $281,684
Land, Buildings, and Equipment, Net$610,017$1,983,215▲ $1,373,198
Investments Program Related$501,522$546,063▲ $44,541
Prepaid Expenses and Deferred Charges$77,346$94,129▲ $16,783
Accounts Receivable$23,186$19,356▼ $3,830
Total Assets$32,035,812$31,510,523▼ $525,289
Liabilities
Other Liabilities$25,875,224$25,293,685▼ $581,539
Accounts Payable and Accrued Expenses$235,588$322,838▲ $87,250
Total Liabilities$26,110,812$25,616,523▼ $494,289
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,925,000$5,894,000▼ $31,000
Total Liabilities and Net Assets / Fund Balance$32,035,812$31,510,523▼ $525,289

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$35,387--
Other Land Buildings$1,478,091--
Land$475,000--
Equipment$30,124$274,528-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles LoweCEOFT$96,251$96,251

Board Members and Trustees

NameTitle
Benjamin DavisDirector
Dawn ManleyDirector
Joel ZielazienskiDirector
Kevin SellDirector
Larry PettisDirector
Linda SeawellDirector
Lisa MccarterDirector
Michael DychesDirector
Milton HendersonDirector
Moses YoungDirector
Randy BostDirector
Ricky SimpsonDirector
Trudy WikeDirector
Virgina ParkerDirector
Yvonne DarnellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$986,666
Investment Income
$47,493
Other Revenue
$241,882
Change in Net Assets
$35,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$716,215
Salaries, Compensation, and Employee Benefits$523,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$409,120
Other Salaries and Wages---$321,968
Current Officers, Directors, Trustees, and Key Employees---$96,251
Fees for Services Accounting---$93,768
Other Employee Benefits---$58,976
Interest---$50,430
Other Expenses---$46,629
Payroll Taxes---$35,187
Fees for Services Other---$26,514
Occupancy---$26,043
Insurance---$25,438
Advertising---$19,349
Pension Plan Contributions---$11,613
Depreciation Depletion---$9,739
Travel---$4,424
All Other Expenses---$823
Fees for Services Legal---$664
Total Functional Expenses$0$0$0$1,240,210
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
Member Deposits$25,293,685
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 6

credit union is made up of members

Part VI Line 7A

members elect board of directors

Part VI Line 7A

each member has an equal vote

Part VI Line 11B

CEO & COO review Form 990 and make copies available to the Board

Part VI Line 12C

persons with conflicts are prohibited from votes & discussions

Part VI Line 15A or B

Industry salary surveys are used to set salaries

Part VI Line 19

Financial statements are posted in lobby as required by regulations

Part VI Line 19

Other items are available by request

Filing and Contact Details

Filer

Filer Name
Blue Flame Credit Union
EIN
56-0634448
In Care Of
% CHARLES LOWE
Phone
7045230075
Address
4301 YANCEY ROAD, CHARLOTTE, NC 28217

Signing Officer

Name
Charles Lowe
Title
CEO
Phone
7045230075
Signed
2022-04-12

Organization Details

Principal Officer
Charles Lowe
Formed
1954
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
12
Volunteers
15
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/ProgramServiceRevenueGrp/BusinessCd3522210
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3CARD INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0759353
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt165444
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3128381
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0759353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt165444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233488
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3128381
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt06052
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt093345
IRS990/PYOtherExpensesAmt0712032
IRS990/PYProgramServiceRevenueAmt01167433
IRS990/PYRevenuesLessExpensesAmt011000
IRS990/PYSalariesCompEmpBnftPaidAmt0537746
IRS990/PYTotalExpensesAmt01249778
IRS990/PYTotalRevenueAmt01260778
IRS990/ReconcilationRevenueExpnssAmt035831
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01276041
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05925000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05894000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012709785
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010336013
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt030124
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0274528
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0304652
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0235683
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1251960
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt223033
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt335387
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0VIZO PCC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2VOL CORP PCC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CUSO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0475000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0475000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01478091
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01478091
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025293685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01983215
IRS990ScheduleD/TotalBookValueProgramRltdAmt0546063
IRS990ScheduleD/TotalLiabilityAmt025293685
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0credit union is made up of members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1members elect board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2each member has an equal vote
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO & COO review Form 990 and make copies available to the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4persons with conflicts are prohibited from votes & discussions
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Industry salary surveys are used to set salaries
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial statements are posted in lobby as required by regulations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other items are available by request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032035812
IRS990/TotalAssetsEOYAmt031510523
IRS990/TotalAssetsGrp/BOYAmt032035812
IRS990/TotalAssetsGrp/EOYAmt031510523
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01240210
IRS990/TotalGrossUBIAmt06052
IRS990/TotalLiabilitiesBOYAmt026110812
IRS990/TotalLiabilitiesEOYAmt025616523
IRS990/TotalLiabilitiesGrp/BOYAmt026110812
IRS990/TotalLiabilitiesGrp/EOYAmt025616523
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05925000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05894000
IRS990/TotalProgramServiceExpensesAmt01240210
IRS990/TotalProgramServiceRevenueAmt0986666
IRS990/TotalReportableCompFromOrgAmt096251
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01269989
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01276041
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt06052
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032035812
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt031510523
IRS990/TravelGrp/TotalAmt04424
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04301 YANCEY ROAD
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028217
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0www.blueflamecu.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES LOWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07045230075
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLUE FLAME CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0BLUE
ReturnHeader/Filer/EIN0560634448
ReturnHeader/Filer/InCareOfNm0% CHARLES LOWE
ReturnHeader/Filer/PhoneNum07045230075
ReturnHeader/Filer/USAddress/AddressLine1Txt04301 YANCEY ROAD
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$24.5$4.01$1.47$2.02$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.6$25.1$4.56$1.33$2.15$0.82
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.8$27.1$5.66$1.25$1.49$0.24
2021Detailed filing. Detailed filing data is available for this year.$31.5$25.6$5.89$1.28$1.24$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$26.1$5.93$1.26$1.25$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.7$23.8$5.91$1.46$1.46$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.6$25.7$5.91$1.52$1.50$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$27.9$5.89$1.46$1.42$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.2$31.3$5.85$1.50$1.39$0.11
2015Detailed filing. Detailed filing data is available for this year.$33.8$28.1$5.74$1.50$1.42$0.09
2014Detailed filing. Detailed filing data is available for this year.$35.5$29.9$5.66$1.60$1.50$0.10
2013Detailed filing. Detailed filing data is available for this year.$36.7$31.1$5.56$1.68$1.57$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$32.2$5.44$1.80
2011Summary only. Only limited summary data is available for this year.$37.6$32.2$5.42$1.96$1.90$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.3$28.9$5.36$2.07
Peer Organizations

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