Civic Intelligence

Doco Credit Union

990 • Fiscal year 2020 • EIN 58-0830217

Jan 01, 2020 to Jan 01, 2020 • Filed on Sep 02, 2021

100 Peachtree St NW No 2800Atlanta, GA 30303

(229) 347-0633

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $199,135,691 (-100%) from 2019

Net Assets

Down

$0

Down $19,824,333 (-100%) from 2019

Liabilities

Down

$0

Down $179,311,358 (-100%) from 2019

Revenue

Down

$0

Down $15,271,817 (-100%) from 2019

Expenses

Down

$0

Down $20,757,555 (-100%) from 2019

Net Income

Up

$0

Up $5,485,738 (+100%) from 2019

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2013: $201,782,335Liabilities 2013: $178,997,148Net Assets 2013: $22,785,1872013Assets 2014: $205,457,801Liabilities 2014: $180,635,765Net Assets 2014: $24,822,0362014Assets 2015: $212,305,527Liabilities 2015: $190,602,251Net Assets 2015: $21,703,2762015Assets 2016: $218,323,709Liabilities 2016: $194,805,014Net Assets 2016: $23,518,6952016Assets 2017: $223,827,634Liabilities 2017: $199,829,395Net Assets 2017: $23,998,2392017Assets 2018: $201,864,384Liabilities 2018: $176,556,195Net Assets 2018: $25,308,1892018Assets 2019: $199,135,691Liabilities 2019: $179,311,358Net Assets 2019: $19,824,3332019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2013: $15,332,064Expenses 2013: $12,308,330Net Income 2013: $3,023,7342013Revenue 2014: $15,699,177Expenses 2014: $13,662,328Net Income 2014: $2,036,8492014Revenue 2015: $15,345,187Expenses 2015: $18,463,726Net Income 2015: -$3,118,5392015Revenue 2016: $15,405,747Expenses 2016: $14,224,664Net Income 2016: $1,181,0832016Revenue 2017: $14,913,286Expenses 2017: $14,434,651Net Income 2017: $478,6352017Revenue 2018: $15,665,577Expenses 2018: $14,356,932Net Income 2018: $1,308,6452018Revenue 2019: $15,271,817Expenses 2019: $20,757,555Net Income 2019: -$5,485,7382019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2020

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Jan 1, 2020
Signed
Sep 2, 2021
Return Version
2020v4.1
Gross Receipts
$0
Mission and Program Overview

Mission

Provide savings and lending activities to member owners of the cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$161,504,823$0▼ $161,504,823
Rtn Earn Endowment Incm Other Fnds$19,824,333$0▼ $19,824,333
Savings and Temporary Cash Investments$11,517,754$0▼ $11,517,754
Cash and Non-Interest-Bearing Accounts$5,591,887$0▼ $5,591,887
Land, Buildings, and Equipment, Net$5,548,882$0▼ $5,548,882
Investments Program Related$2,304,086$0▼ $2,304,086
Receivables From Officers Etc$2,277,466$0▼ $2,277,466
Investments Other Securities$1,583,783$0▼ $1,583,783
Accounts Receivable$1,099,523$0▼ $1,099,523
Prepaid Expenses and Deferred Charges$566,982$0▼ $566,982
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$199,135,691$0▼ $199,135,691
Other Assets Total$7,140,505$0▼ $7,140,505
Liabilities
Other Liabilities$172,338,180--
Accounts Payable and Accrued Expenses$6,973,178--
Total Liabilities$179,311,358$0▼ $179,311,358
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,824,333$0▼ $19,824,333
Total Liabilities and Net Assets / Fund Balance$199,135,691$0▼ $199,135,691
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom PollockChairman, Board of Directors
Barry HeapePresident/CEO
Carlos KeithDirector
George ReynoldsDirector
Jan ParkerDirector
Rochelle BushSecretary, Board of Directors
Derryl QuinnVice Chariman, Board of Directors
Robert YoungbloodEvp
Ellen CollingsVP/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,277,466$0▼ $2,277,466
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

Before the merger with georgia's own credit union, 34,967 member were utilizing the thrift savings and lending activities offered by the credit union.

Form 990, Part VI, Section A, Line 7A

Each member has one vote and every member can participate in the annual election of the governing body.

Form 990, Part VI, Section A, Line 7B

At any meeting the members (by one member, one vote) may decide on any matter of interest to the credit union and may overrule the governing body provided the notice of the meeting specifies the questions to be answered.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by both the credit union's cfo and svp of accounting after being prepared by the cpa firm.

Form 990, Part VI, Section B, Line 12C

Annually, directors or committee members are required to submit to the georgia department of banking and finance a confidential report for credit union officials which specifically addresses conflict of interest matters including business affiliations, pending litigations, criminal offense involving dishonesty or breach of trust and bankruptcy claimes. Directors also renew their oath of office at each annual meeting.

Form 990, Part VI, Section C, Line 18

Form 990 is made available for review on the guidestar non-profit website and is also made available upon request.

Form 990, Part VI, Section C, Line 19

Financial statements are reported quarterly to the national credit union administration and are available to the public through the ncua website. Anually, board members complete and sign a georgia department of banking & finance "confidential report for credit union officials" which addresses areas of potential conflict of interest. Governing documents, conflict of interest policy and financial statements are also made available upon request.

Filing and Contact Details

Filer

Filer Name
Doco Credit Union
EIN
58-0830217
Phone
2293470633
Address
100 PEACHTREE ST NW NO 2800, ATLANTA, GA 30303

Signing Officer

Name
Gregory L Gibson
Title
Chief Financial Officer
Phone
2293470633
Signed
2021-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David a Preter
Formed
1959
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
109 N MAIN STREET SUITE 200, AUSTIN, MN 55912
Preparer
Tanya Medgaarden
Phone
5074347000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Organization merged with georgia's own credit union on 1/1/2020

FORM 990, PART XI, LINE 9:

Equity transferred in merger -19,824,333.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc8CORE DEPOSIT INTANGIBLE
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc10OTHER STOCK
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc12COLI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc13OTHER ASSETS
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd11GA
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd030303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd130303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd230303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd330303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd430303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd530303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd630303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd730303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd830303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd930303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1030303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1130303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1230303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1330303
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: BARRY HEAPEROBERT YOUNGBLOODELLEN COLLINSTOM POLLOCK
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: BARRY HEAPE BECOMES AN EMPLOYEE (SOUTHWEST REGIONAL PRESIDENT) OF SUCCESSOR ORGANIZATION GEORGIA'S OWN CREDIT UNION FEIN: 58-0147128ROBERT YOUNGBLOOD BECOMES AN EMPLOYEE (REGIONAL EVP) OF SUCCESSOR ORGANIZATION GEORGIA'S OWN CREDIT UNION FEIN: 58-0147128ELLEN COLLINS BECOMES AN EMPLOYEE (REGIONAL VP ACCOUNTING) OF SUCCESSOR ORGANIZATION GEORGIA'S OWN CREDIT UNION FEIN: 58-0147128TOM POLLOCK BECOMES A DIRECTOR OF SUCCESSOR ORGANIZATION GEORGIA'S OWN CREDIT UNION FEIN: 58-0147128
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION MERGED WITH GEORGIA'S OWN CREDIT UNION ON 1/1/2020

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