Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2012 • EIN 56-6054784

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 29, 2013

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

51st percentile

0.90x

Higher debt load relative to assets than 51% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

93rd percentile

13%

Faster asset growth than 93% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$146,556,795

Up $17,108,505 (+13%) from 2011

Net Assets

Up

$15,162,376

Up $1,028,750 (+7.3%) from 2011

Liabilities

Up

$131,394,419

Up $16,079,755 (+14%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$7,554,170

Up $789,859 (+12%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2012

Assets$146,556,795
Liabilities$131,394,419
Net Assets$15,162,376
Open 2012 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

2012

Revenue-
Expenses$7,554,170
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 29, 2013
Return Version
2012v2.1
Gross Receipts
$8,582,920
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 451 raw XML fields

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IRS990ScheduleD/InvestmentsProgramRelated/Description0CORPORATE CREDIT UNIONS
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IRS990ScheduleD/InvestmentsProgramRelated/Description2HELD TO MATURITY SECURITIES
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IRS990ScheduleD/OtherAssets/Description3OTHER ASSETS LESS PREPAIDS
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IRS990ScheduleO/GeneralExplanation/Explanation0THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation3UNDER THE BYLAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION, AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED. COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5THIS FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation8THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation9UPON REQUEST, COPIES OF THE CREDIT UNION9S ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/GeneralExplanation/Explanation10WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS9 REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation11PART IX, LINE 24e INCLUDES THE FOLLOWING EXPENSES: PROVISION FOR LOAN LOSSES $807,855 PROFESSIONAL AND OUTSIDE SERVICES $730,409 MEMBER INSURANCE $239,500 MISCELLANEOUS OPERATING EXPENSES $217,750
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IRS990ScheduleO/GeneralExplanation/ReturnReference0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Member election for additional members Part VI line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Governing body decisions Part VI line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/GeneralExplanation/ReturnReference4Committee meeting documentation Part VI line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990 governing body review Part VI line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference7CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference8Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990 availability to public Part VI line 18
IRS990ScheduleO/GeneralExplanation/ReturnReference10Governing documents etc available to public Part VI line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference11List of other expenses Part IX line 24e
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$146,556,795
Liabilities
$131,394,419
Net assets
$15,162,376
Revenue
-
Expenses
$7,554,170
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