Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2011 • EIN 56-6054784

Jan 01, 2011 to Dec 31, 2011 • Filed on May 15, 2012

Organization ProfileWWW.MOUNTAINCU.ORG

View Organization Page

38 Maple Street28786
Siviq Scores

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

Liabilities / Assets

41st percentile

0.89x

Higher debt load relative to assets than 41% of similar nonprofits.

2011 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

97th percentile

25%

Faster asset growth than 97% of similar nonprofits.

2011 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$129,448,290

Up $26,199,327 (+25%) from 2010

Net Assets

Up

$14,133,626

Up $3,636,118 (+35%) from 2010

Liabilities

Up

$115,314,664

Up $22,563,209 (+24%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$6,764,311

Up $733,976 (+12%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$400M$300M$200M$100M$0Assets 2010: $103,248,963Liabilities 2010: $92,751,455Net Assets 2010: $10,497,5082010Assets 2011: $129,448,290Liabilities 2011: $115,314,664Net Assets 2011: $14,133,6262011Assets 2012: $146,556,795Liabilities 2012: $131,394,419Net Assets 2012: $15,162,3762012Assets 2013: $156,665,146Liabilities 2013: $140,436,806Net Assets 2013: $16,228,3402013Assets 2014: $166,993,553Liabilities 2014: $149,209,899Net Assets 2014: $17,783,6542014Assets 2015: $178,833,361Liabilities 2015: $159,532,301Net Assets 2015: $19,301,0602015Assets 2016: $185,503,612Liabilities 2016: $165,453,028Net Assets 2016: $20,050,5842016Assets 2017: $203,270,518Liabilities 2017: $182,656,450Net Assets 2017: $20,614,0682017Assets 2018: $211,180,616Liabilities 2018: $189,382,858Net Assets 2018: $21,797,7582018Assets 2019: $223,408,099Liabilities 2019: $200,875,373Net Assets 2019: $22,532,7262019Assets 2020: $264,595,783Liabilities 2020: $241,100,112Net Assets 2020: $23,495,6712020Assets 2021: $320,707,218Liabilities 2021: $294,268,528Net Assets 2021: $26,438,6902021Assets 2022: $333,072,854Liabilities 2022: $301,379,024Net Assets 2022: $31,693,8302022Assets 2023: $340,964,502Liabilities 2023: $305,908,793Net Assets 2023: $35,055,7092023Assets 2024: $347,974,427Liabilities 2024: $310,147,879Net Assets 2024: $37,826,5482024

Highlighted filing

2011

Assets$129,448,290
Liabilities$115,314,664
Net Assets$14,133,626
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0Expenses 2010: $6,030,3352010Expenses 2011: $6,764,3112011Expenses 2012: $7,554,1702012Revenue 2013: $8,648,796Expenses 2013: $7,582,832Net Income 2013: $1,065,9642013Revenue 2014: $9,174,866Expenses 2014: $7,619,552Net Income 2014: $1,555,3142014Revenue 2015: $9,947,394Expenses 2015: $8,429,988Net Income 2015: $1,517,4062015Revenue 2016: $10,316,522Expenses 2016: $9,566,998Net Income 2016: $749,5242016Revenue 2017: $10,604,648Expenses 2017: $9,923,938Net Income 2017: $680,7102017Revenue 2018: $11,608,714Expenses 2018: $10,425,024Net Income 2018: $1,183,6902018Revenue 2019: $12,157,101Expenses 2019: $11,305,989Net Income 2019: $851,1122019Revenue 2020: $11,754,043Expenses 2020: $10,874,503Net Income 2020: $879,5402020Revenue 2021: $13,383,027Expenses 2021: $10,896,116Net Income 2021: $2,486,9112021Revenue 2022: $17,481,627Expenses 2022: $12,490,697Net Income 2022: $4,990,9302022Revenue 2023: $20,412,469Expenses 2023: $16,007,325Net Income 2023: $4,405,1442023Revenue 2024: $21,766,382Expenses 2024: $18,997,747Net Income 2024: $2,768,6352024

Highlighted filing

2011

Revenue-
Expenses$6,764,311
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 15, 2012
Return Version
2011v1.2
Gross Receipts
$7,500,695
Mission and Program Overview

Mission

State chartered credit union mutually owned by our 26,608 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

Filing and Contact Details

Filer

EIN
56-6054784
Raw XML AppendixShowing 400 of 450 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/OtherExpenses/Description2LOAN SERVICING
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IRS990ScheduleD/InvestmentsProgramRelated/Description0CORPORATE CREDIT UNIONS
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IRS990ScheduleD/InvestmentsProgramRelated/Description2HELD TO MATURITY SECURITIES
IRS990ScheduleD/InvestmentsProgramRelated/Description3DEPOSITS IN COMMERCIAL BANKS, S&Ls, SAVINGS BANKS
IRS990ScheduleD/InvestmentsProgramRelated/Description4LIFE INSURANCE
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IRS990ScheduleD/OtherLiabilities/Description0SHARE DRAFT ACCOUNTS
IRS990ScheduleD/OtherLiabilities/Description1REGULAR SHARES
IRS990ScheduleD/OtherLiabilities/Description2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilities/Description3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilities/Description4IRA/KEOGH ACCOUNTS
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CHARTER AND BY-LAWS CALL FOR AN ANNUAL ELECTION
IRS990ScheduleO/GeneralExplanation/Explanation1OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED
IRS990ScheduleO/GeneralExplanation/Explanation2TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING
IRS990ScheduleO/GeneralExplanation/Explanation4COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN
IRS990ScheduleO/GeneralExplanation/Explanation6THE BY-LAWS.
IRS990ScheduleO/GeneralExplanation/Explanation7UNDER THE BY-LAWS, THE DIRECTORS MEET MONTHLY TO REVIEW
IRS990ScheduleO/GeneralExplanation/Explanation8THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE
IRS990ScheduleO/GeneralExplanation/Explanation9DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF
IRS990ScheduleO/GeneralExplanation/Explanation10DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT
IRS990ScheduleO/GeneralExplanation/Explanation11MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation12THE BOARD OF DIRECTORS APPPOINT COMMITTEES TO OVERSEE
IRS990ScheduleO/GeneralExplanation/Explanation13SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN
IRS990ScheduleO/GeneralExplanation/Explanation14AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO
IRS990ScheduleO/GeneralExplanation/Explanation15PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION, AND A PERSONNEL
IRS990ScheduleO/GeneralExplanation/Explanation16COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR
IRS990ScheduleO/GeneralExplanation/Explanation17THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED.
IRS990ScheduleO/GeneralExplanation/Explanation18COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE
IRS990ScheduleO/GeneralExplanation/Explanation19FULL BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation20THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE
IRS990ScheduleO/GeneralExplanation/Explanation21CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF
IRS990ScheduleO/GeneralExplanation/Explanation22COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB
IRS990ScheduleO/GeneralExplanation/Explanation23CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION
IRS990ScheduleO/GeneralExplanation/Explanation24PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/
IRS990ScheduleO/GeneralExplanation/Explanation25APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO
IRS990ScheduleO/GeneralExplanation/Explanation26PROVISION FOR LOAN LOSSES 650994. 650994. OTHER EXPENSES 1262609. 1262609.
IRS990ScheduleO/GeneralExplanation/Explanation27AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS
IRS990ScheduleO/GeneralExplanation/Explanation28AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE
IRS990ScheduleO/GeneralExplanation/Explanation29APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation30THIS FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/GeneralExplanation/Explanation31THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation32ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED
IRS990ScheduleO/GeneralExplanation/Explanation33TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO
IRS990ScheduleO/GeneralExplanation/Explanation34CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE
IRS990ScheduleO/GeneralExplanation/Explanation35BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation36WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED
IRS990ScheduleO/GeneralExplanation/Explanation37TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS
IRS990ScheduleO/GeneralExplanation/Explanation38ARE POSTED IN THE LOBBY FOR MEMBERS' REVIEW. UPON REQUEST,
IRS990ScheduleO/GeneralExplanation/Explanation39COPIES OF THE CREDIT UNION'S ANNUAL FORM 990 IS PROVIDED
IRS990ScheduleO/GeneralExplanation/Explanation40TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/GeneralExplanation/Explanation41A STATE CHARTERED CREDIT UNION IS GOVERNED BY ITS CHARTER AND BY-LAWS.
IRS990ScheduleO/GeneralExplanation/Identifier0Pt VI, Line 6
IRS990ScheduleO/GeneralExplanation/Identifier1Pt VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier2Pt VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier3Pt VI, Line 8a
IRS990ScheduleO/GeneralExplanation/Identifier4Pt VI, Line 8b
IRS990ScheduleO/GeneralExplanation/Identifier5Pt VI, Line 15
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part IX, Line 24f
IRS990ScheduleO/GeneralExplanation/Identifier7Pt VI, Line 11a
IRS990ScheduleO/GeneralExplanation/Identifier8Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier9Pt VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier10Pt VI-A, Line 1a
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IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0NC
IRS990/StatesWhereCopyOfReturnIsFiled0NC
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1038 MAPLE STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0WAYNESVILLE
IRS990/TheBooksAreInCareOf/AddressUS/State0NC
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode028786
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10PATTY IDOL
IRS990/TheBooksAreInCareOf/TelephoneNumber08284568627
IRS990/TotalAssets/BOY0103248963
IRS990/TotalAssetsBOY0103248963
IRS990/TotalAssets/EOY0129448290
IRS990/TotalAssetsEOY0129448290
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear06764311
IRS990/TotalExpensesPriorYear06030335
IRS990/TotalFunctionalExpenses/ProgramServices06764311
IRS990/TotalFunctionalExpenses/Total06764311
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY092751455
IRS990/TotalLiabilitiesBOY092751455
IRS990/TotalLiabilities/EOY0115314664

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$129,448,290
Liabilities
$115,314,664
Net assets
$14,133,626
Revenue
-
Expenses
$6,764,311
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$348$310$37.8$21.8$19.0$2.77
2023Detailed filing. Detailed filing data is available for this year.$341$306$35.1$20.4$16.0$4.41
2022Detailed filing. Detailed filing data is available for this year.$333$301$31.7$17.5$12.5$4.99
2021Detailed filing. Detailed filing data is available for this year.$321$294$26.4$13.4$10.9$2.49
2020Detailed filing. Detailed filing data is available for this year.$265$241$23.5$11.8$10.9$0.88
2019Detailed filing. Detailed filing data is available for this year.$223$201$22.5$12.2$11.3$0.85
2018Detailed filing. Detailed filing data is available for this year.$211$189$21.8$11.6$10.4$1.18
2017Detailed filing. Detailed filing data is available for this year.$203$183$20.6$10.6$9.92$0.68
2016Detailed filing. Detailed filing data is available for this year.$186$165$20.1$10.3$9.57$0.75
2015Detailed filing. Detailed filing data is available for this year.$179$160$19.3$9.95$8.43$1.52
2014Detailed filing. Detailed filing data is available for this year.$167$149$17.8$9.17$7.62$1.56
2013Detailed filing. Detailed filing data is available for this year.$157$140$16.2$8.65$7.58$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$131$15.2$7.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$115$14.1$6.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$92.8$10.5$6.03