Civic Intelligence

Weyco Community Credit Union

990 • Fiscal year 2018 • EIN 56-0709417

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 08, 2019

PO Box 69Plymouth, NC 27962

(252) 793-7000

Siviq Scores

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

Liabilities / Assets

39th percentile

0.87x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

26.15x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

46th percentile

11%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

8th percentile

$79,615

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

34th percentile

0.3%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

8.7%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$74,883,936

Up $243,311 (+0.3%) from 2017

Net Assets

Up

$9,440,517

Up $237,408 (+2.6%) from 2017

Liabilities

Up

$65,443,419

Up $5,903 (+0.0%) from 2017

Revenue

Up

$2,502,214

Up $199,280 (+8.7%) from 2017

Expenses

Down

$2,229,799

Down $327,595 (-13%) from 2017

Net Income

Up

$272,415

Up $526,875 (+207%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $76,171,643Liabilities 2010: $65,705,693Net Assets 2010: $10,465,9502010Assets 2011: $77,854,833Liabilities 2011: $67,201,686Net Assets 2011: $10,653,1472011Assets 2012: $78,071,399Liabilities 2012: $67,053,711Net Assets 2012: $11,017,6882012Assets 2013: $78,950,025Liabilities 2013: $68,258,166Net Assets 2013: $10,691,8592013Assets 2014: $78,866,493Liabilities 2014: $68,792,178Net Assets 2014: $10,074,3152014Assets 2015: $77,801,035Liabilities 2015: $68,014,860Net Assets 2015: $9,786,1752015Assets 2016: $77,452,447Liabilities 2016: $67,871,204Net Assets 2016: $9,581,2432016Assets 2017: $74,640,625Liabilities 2017: $65,437,516Net Assets 2017: $9,203,1092017Assets 2018: $74,883,936Liabilities 2018: $65,443,419Net Assets 2018: $9,440,5172018Assets 2019: $71,499,104Liabilities 2019: $61,628,175Net Assets 2019: $9,870,9292019Assets 2020: $80,234,923Liabilities 2020: $70,263,916Net Assets 2020: $9,971,0072020Assets 2021: $86,480,016Liabilities 2021: $76,163,153Net Assets 2021: $10,316,8632021Assets 2022: $89,836,294Liabilities 2022: $79,640,933Net Assets 2022: $10,195,3612022Assets 2023: $96,169,056Liabilities 2023: $85,524,325Net Assets 2023: $10,644,7312023Assets 2024: $109,055,090Liabilities 2024: $98,119,861Net Assets 2024: $10,935,2292024

Highlighted filing

2018

Assets$74,883,936
Liabilities$65,443,419
Net Assets$9,440,517

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,056,0622010Expenses 2011: $2,788,7292011Revenue 2012: $2,898,422Expenses 2012: $2,533,881Net Income 2012: $364,5412012Revenue 2013: $2,689,820Expenses 2013: $3,015,649Net Income 2013: -$325,8292013Revenue 2014: $2,400,731Expenses 2014: $3,018,275Net Income 2014: -$617,5442014Revenue 2015: $2,154,442Expenses 2015: $2,442,582Net Income 2015: -$288,1402015Revenue 2016: $2,091,828Expenses 2016: $2,068,231Net Income 2016: $23,5972016Revenue 2017: $2,302,934Expenses 2017: $2,557,394Net Income 2017: -$254,4602017Revenue 2018: $2,502,214Expenses 2018: $2,229,799Net Income 2018: $272,4152018Revenue 2019: $2,731,274Expenses 2019: $2,535,996Net Income 2019: $195,2782019Revenue 2020: $2,791,589Expenses 2020: $2,702,012Net Income 2020: $89,5772020Revenue 2021: $3,086,380Expenses 2021: $2,730,721Net Income 2021: $355,6592021Revenue 2022: $3,041,923Expenses 2022: $2,852,889Net Income 2022: $189,0342022Revenue 2023: $3,862,674Expenses 2023: $3,521,037Net Income 2023: $341,6372023Revenue 2024: $5,035,135Expenses 2024: $4,827,138Net Income 2024: $207,9972024

Highlighted filing

2018

Revenue$2,502,214
Expenses$2,229,799
Net Income$272,415
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 8, 2019
Return Version
2018v3.1
Gross Receipts
$2,502,214
Mission and Program Overview

Mission

Credit union offering personal financial services eclusively to members.

CREDIT UNION SERVICES

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$22,695,185$24,838,891▲ $2,143,706
Savings and Temporary Cash Investments$17,125,369$24,269,130▲ $7,143,761
Investments Other Securities$32,120,659$22,540,754▼ $9,579,905
Rtn Earn Endowment Incm Other Fnds$9,203,109$9,440,517▲ $237,408
Cash and Non-Interest-Bearing Accounts$1,304,654$1,242,363▼ $62,291
Investments Program Related-$1,201,706-
Accounts Receivable-$408,117-
Land, Buildings, and Equipment, Net$382,711$353,103▼ $29,608
Prepaid Expenses and Deferred Charges$74,462$29,872▼ $44,590
Total Assets$74,640,625$74,883,936▲ $243,311
Other Assets Total$937,585--
Liabilities
Other Liabilities$65,354,818$65,315,268▼ $39,550
Accounts Payable and Accrued Expenses$82,698$128,151▲ $45,453
Total Liabilities$65,437,516$65,443,419▲ $5,903
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,203,109$9,440,517▲ $237,408
Total Liabilities and Net Assets / Fund Balance$74,640,625$74,883,936▲ $243,311

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$3,217--
Buildings$120,296$951,692-
Land$167,353--
Equipment$65,454$338,378-
Other Securities$8,086,754--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eli H Roberson IvCEOFT$79,615$79,615

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,690,275
Investment Income
$811,939
Other Revenue
$0
Change in Net Assets
$272,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,244,113
Salaries, Compensation, and Employee Benefits$985,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$603,003
Office Expenses---$455,415
Interest---$223,671
Other Employee Benefits---$211,912
Fees for Services Accounting---$149,480
Occupancy---$129,966
Fees for Services Other---$125,587
Current Officers, Directors, Trustees, and Key Employees---$79,615
Insurance---$67,771
Payroll Taxes---$49,540
Depreciation Depletion---$43,048
Pension Plan Contributions---$41,616
Travel---$24,033
Advertising---$15,317
Fees for Services Legal---$8,570
All Other Expenses---$2,895
Conferences and Meetings---$1,786
Other Expenses---$-61,010
Total Functional Expenses$0$0$0$2,229,799
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$65,315,268
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 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 MEMBERS

Part VI Line 7A

Members elect the directors

Part VI Line 11B

Ceo and cfo review form and provide copies to directors

Part VI Line 12C

Directors are required to excuse themselves for any discussions or votes

Part VI Line 12C

That may be conflicts of interest

Part VI Line 15A or B

Credit union industry salary surveys are used as a guide

Part VI Line 15A or B

By the board to set officer salaries

Part VI Line 19

Financial statements are posted in the lobby and other items that are

Part VI Line 19

Required to be disclosed are available upon request

Section C Line 19

Financial statements are posted in the lobby and other items that are requi

Filing and Contact Details

Filer

Filer Name
Weyco Community Credit Union
EIN
56-0709417
In Care Of
% ELI ROBERSON IV
Phone
2527937000
Address
PO BOX 69, PLYMOUTH, NC 27962

Signing Officer

Name
Eli Roberson Iv
Title
CEO
Phone
2527937000
Signed
2019-07-08

Organization Details

Principal Officer
Alice Small
Formed
1959
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
9
Supplemental Narrative

Additional Explanations

Section B Line 12C

Employees are restricted from processing transactions on their own behalf o

Section B Line 15A

Credit union industry salary surveys are used as a guide by the board to se

Raw XML Appendix389 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/ExplanationTxt1MEMBERS ELECT THE DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CEO AND CFO REVIEW FORM AND PROVIDE COPIES TO DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS ARE REQUIRED TO EXCUSE THEMSELVES FOR ANY DISCUSSIONS OR VOTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THAT MAY BE CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREDIT UNION INDUSTRY SALARY SURVEYS ARE USED AS A GUIDE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BY THE BOARD TO SET OFFICER SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND OTHER ITEMS THAT ARE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REQUIRED TO BE DISCLOSED ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EMPLOYEES ARE RESTRICTED FROM PROCESSING TRANSACTIONS ON THEIR OWN BEHALF O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CREDIT UNION INDUSTRY SALARY SURVEYS ARE USED AS A GUIDE BY THE BOARD TO SE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY AND OTHER ITEMS THAT ARE REQUI
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 15a or b
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IRS990/TotalLiabilitiesEOYAmt065443419
IRS990/TotalLiabilitiesGrp/BOYAmt065437516
IRS990/TotalLiabilitiesGrp/EOYAmt065443419
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09440517
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0118367
IRS990/TotalProgramServiceExpensesAmt02229799
IRS990/TotalProgramServiceRevenueAmt01690275
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02502214
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PLYMOUTH
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WEYCOCREDITUNION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELI ROBERSON IV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02527937000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEYCO COMMUNITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0WEYC
ReturnHeader/Filer/EIN0560709417
ReturnHeader/Filer/InCareOfNm0% ELI ROBERSON IV
ReturnHeader/Filer/PhoneNum02527937000
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId021010520191897799059
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-07-08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0O
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.108.81.243
ReturnHeader/ReturnTs02019-07-08T14:50:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$109$98.1$10.9$5.04$4.83$0.21
2023Detailed filing. Detailed filing data is available for this year.$96.2$85.5$10.6$3.86$3.52$0.34
2022Detailed filing. Detailed filing data is available for this year.$89.8$79.6$10.2$3.04$2.85$0.19
2021Detailed filing. Detailed filing data is available for this year.$86.5$76.2$10.3$3.09$2.73$0.36
2020Detailed filing. Detailed filing data is available for this year.$80.2$70.3$9.97$2.79$2.70$0.09
2019Detailed filing. Detailed filing data is available for this year.$71.5$61.6$9.87$2.73$2.54$0.20
2018Detailed filing. Detailed filing data is available for this year.$74.9$65.4$9.44$2.50$2.23$0.27
2017Detailed filing. Detailed filing data is available for this year.$74.6$65.4$9.20$2.30$2.56$0.25
2016Detailed filing. Detailed filing data is available for this year.$77.5$67.9$9.58$2.09$2.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$77.8$68.0$9.79$2.15$2.44$0.29
2014Detailed filing. Detailed filing data is available for this year.$78.9$68.8$10.1$2.40$3.02$0.62
2013Detailed filing. Detailed filing data is available for this year.$79.0$68.3$10.7$2.69$3.02$0.33
2012Summary only. Only limited summary data is available for this year.$78.1$67.1$11.0$2.90$2.53$0.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$67.2$10.7$2.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.2$65.7$10.5$3.06