Civic Intelligence

Five Star Credit Union

990 • Fiscal year 2016 • EIN 58-0960142

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

Organization Profilewww.fivestarcu.com

View Organization Page

411 N Foster StreetDothan, AL 36302

(334) 793-7714

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.90x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

13.93x

Higher debt load relative to revenue than 15% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

88th percentile

22%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

84th percentile

$586,181

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

40th percentile

5.1%

Faster asset growth than 40% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

8.9%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$384,613,764

Up $18,782,961 (+5.1%) from 2015

Net Assets

Up

$37,150,983

Up $4,801,179 (+15%) from 2015

Liabilities

Up

$347,462,781

Up $13,981,782 (+4.2%) from 2015

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin88th percentile

Revenue

Up

$24,945,492

Up $2,036,755 (+8.9%) from 2015

Expenses

Up

$19,513,071

Up $859,213 (+4.6%) from 2015

Net Income

Up

$5,432,421

Up $1,177,542 (+28%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$1.5B$1.0B$500M$0Assets 2010: $173,707,519Liabilities 2010: $157,920,754Net Assets 2010: $15,786,7652010Assets 2011: $183,531,146Liabilities 2011: $164,454,967Net Assets 2011: $19,076,1792011Assets 2012: $251,608,110Liabilities 2012: $230,020,627Net Assets 2012: $21,587,4832012Assets 2013: $253,484,056Liabilities 2013: $229,789,049Net Assets 2013: $23,695,0072013Assets 2014: $317,649,991Liabilities 2014: $289,366,703Net Assets 2014: $28,283,2882014Assets 2015: $365,830,803Liabilities 2015: $333,480,999Net Assets 2015: $32,349,8042015Assets 2016: $384,613,764Liabilities 2016: $347,462,781Net Assets 2016: $37,150,9832016Assets 2017: $383,486,513Liabilities 2017: $340,347,985Net Assets 2017: $43,138,5282017Assets 2018: $434,524,436Liabilities 2018: $384,588,699Net Assets 2018: $49,935,7372018Assets 2019: $463,275,656Liabilities 2019: $402,847,992Net Assets 2019: $60,427,6642019Assets 2020: $557,122,826Liabilities 2020: $488,148,478Net Assets 2020: $68,974,3482020Assets 2021: $661,046,497Liabilities 2021: $585,967,942Net Assets 2021: $75,078,5552021Assets 2022: $748,664,965Liabilities 2022: $684,977,348Net Assets 2022: $63,687,6172022Assets 2023: $798,518,963Liabilities 2023: $722,999,493Net Assets 2023: $75,519,4702023Assets 2024: $1,190,716,101Liabilities 2024: $1,109,799,629Net Assets 2024: $80,916,4722024

Highlighted filing

2016

Assets$384,613,764
Liabilities$347,462,781
Net Assets$37,150,983
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$100M$50M$0Expenses 2010: $12,778,5502010Expenses 2011: $9,647,7112011Revenue 2012: $14,646,092Expenses 2012: $12,557,226Net Income 2012: $2,088,8662012Revenue 2013: $15,855,647Expenses 2013: $12,839,068Net Income 2013: $3,016,5792013Revenue 2014: $18,354,418Expenses 2014: $14,445,868Net Income 2014: $3,908,5502014Revenue 2015: $22,908,737Expenses 2015: $18,653,858Net Income 2015: $4,254,8792015Revenue 2016: $24,945,492Expenses 2016: $19,513,071Net Income 2016: $5,432,4212016Revenue 2017: $26,969,322Expenses 2017: $21,030,877Net Income 2017: $5,938,4452017Revenue 2018: $29,317,856Expenses 2018: $22,310,986Net Income 2018: $7,006,8702018Revenue 2019: $33,606,623Expenses 2019: $25,039,310Net Income 2019: $8,567,3132019Revenue 2020: $33,601,064Expenses 2020: $26,653,983Net Income 2020: $6,947,0812020Revenue 2021: $37,991,386Expenses 2021: $27,776,849Net Income 2021: $10,214,5372021Revenue 2022: $44,908,248Expenses 2022: $32,751,215Net Income 2022: $12,157,0332022Revenue 2023: $54,121,623Expenses 2023: $41,912,042Net Income 2023: $12,209,5812023Revenue 2024: $80,102,561Expenses 2024: $74,846,606Net Income 2024: $5,255,9552024

Highlighted filing

2016

Revenue$24,945,492
Expenses$19,513,071
Net Income$5,432,421
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$24,946,959
Mission and Program Overview

Mission

The credit union is a cooperative association which was organized to promote thrift among its members as well as to provide them with a source of credit. Five star serves members in counties in the southeast region of alabama and georgia. The total number of members served is in excess of 35,000.

The credit union provides financial products and services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$229,379,084$238,326,267▲ $8,947,183
Savings and Temporary Cash Investments$49,875,605$48,695,214▼ $1,180,391
Investments in Publicly Traded Securities$37,585,383$48,265,967▲ $10,680,584
Rtn Earn Endowment Incm Other Fnds$32,349,804$37,150,983▲ $4,801,179
Land, Buildings, and Equipment, Net$14,304,172$13,481,887▼ $822,285
Cash and Non-Interest-Bearing Accounts$4,810,563$6,087,125▲ $1,276,562
Accounts Receivable$2,693,037$4,767,053▲ $2,074,016
Investments Other Securities$3,547,781$2,808,731▼ $739,050
Prepaid Expenses and Deferred Charges$1,056,201$898,001▼ $158,200
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$365,830,803$384,613,764▲ $18,782,961
Other Assets Total$22,578,977$21,283,519▼ $1,295,458
Liabilities
Other Liabilities$328,862,151$342,006,886▲ $13,144,735
Accounts Payable and Accrued Expenses$4,512,598$5,374,645▲ $862,047
Deferred Revenue$106,250$81,250▼ $25,000
Total Liabilities$333,480,999$347,462,781▲ $13,981,782
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,349,804$37,150,983▲ $4,801,179
Total Liabilities and Net Assets / Fund Balance$365,830,803$384,613,764▲ $18,782,961

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,048,146$3,083,840$12,131,986
Other Land Buildings$1,254,039$3,621,651$4,875,690
Land$3,179,702-$3,179,702
Other Assets Org$3,430,651--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert a SteensmaPresident/CEOFT$319,343$266,838$586,181
Tyler BeckSVP/COOFT$129,529$35,310$164,839
Steve BrownDirector of MarketingFT$133,183$10,802$143,985
Randy DavisVP Business LendingFT$133,510$10,274$143,784
Deborah McraeVP Member ServicesFT$119,819$14,125$133,944
Dale WatkinsVP/CIOFT$118,366$13,475$131,841
Candice WhiteMortgage Loan OriginatorFT$113,004$12,069$125,073
Lance WagnerDirector Sales/lendingFT$100,793$13,455$114,248
Todd IveyVP/CFOFT$88,087$9,037$97,124
Mike Mcdonald SrSVP/CLOFT$29,163$1,842$31,005

Board Members and Trustees

NameTitle
Wallace JohnsonChairman
Harold SteplerDirector
Pamela ScottDirector
Suzann CulpepperDirector
Gary ManzSecretary
Janice GreenTreasurer
Odis BuxtonVice-chariman
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,859,723
Investment Income
$1,861,276
Other Revenue
$9,224,493
Change in Net Assets
$5,432,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,718,724
Salaries, Compensation, and Employee Benefits$7,794,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,343,314
Interest---$1,854,415
Depreciation Depletion---$1,365,232
Office Expenses---$1,126,065
Current Officers, Directors, Trustees, and Key Employees---$1,010,990
All Other Expenses---$964,675
Other Employee Benefits---$671,198
Information Technology---$607,184
Occupancy---$563,851
Fees for Services Other---$511,528
Other Expenses---$452,823
Advertising---$450,680
Payroll Taxes---$449,079
Pension Plan Contributions---$319,766
Travel---$222,680
Insurance---$176,496
Conferences and Meetings---$89,642
Fees for Services Accounting---$59,834
Fees for Services Legal---$57,992
Total Functional Expenses$0$0$0$19,513,071
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$12,500
Total Exempt Function Spending$12,500

Section 527 Organizations

OrganizationLocationAmount
52-1681138Birmingham, AL$12,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Deposits$342,006,886
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

Form 990, Part VI, Section A, line 6

“The credit union is owned by its members.”

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

“Board members are elected by a vote of the general membership. Board members are elected for a three-year term. The term expirations alternate so that only two or three board members are up for reelection each year. The membership is notified of the election through notices in the branches and through mailed ballots. An independent teller service is hired to tabulate the results.”

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

“The 990 is reviewed by the cfo and ceo prior to filing.”

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

“Compliance with the conflict of interest policy is monitored by the human resources manager.”

Form 990, Part VI, Section B, line 15

“The board reviews and approves the ceo's compensation. Other management and key employees are graded using the compease salary administration plan matrix. The salary matrix for employees is reviewed each november based on current trends. The matrix is effective for the following calendar year. An employee's appraisal score correlates with the matrix to determine the increase. If there are any requests outside the matrix, the ceo must approve the request.”

Form 990, Part VI, Section C, line 19

“The credit union's financial statements are posted in each of the branches monthly for members to review. Governing documents and policies are available upon request.”

Filing and Contact Details

Filer

Filer Name
Five Star Credit Union
EIN
58-0960142
Phone
3347937714
Address
411 N FOSTER STREET, DOTHAN, AL 36302

Signing Officer

Name
Robert A Steensma
Title
President/CEO
Phone
3347937714
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert A Steensma
Formed
1964
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
131
Volunteers
10

Preparer

Firm
Warren Averett LLC
Address
316 South Baylen St Suite 300, Pensacola, FL 32502
Preparer
Jennifer C King CPA
Phone
8504357400
Supplemental Narrative

Additional Explanations

Part XII, Financial Statements and Reporting, Line 2B

“The credit union receives an annual financial statement audit performed by independent accountants. However, the audit period is from april 1st to march 31st. The most recent audited financials as of 12/31/16 were for year ended 3/31/16.”

Part XII, Financial Statements and Reporting, Line 2B

“The credit union did not change its oversight process or selection process during the tax year.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8SVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP/CLO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP BUSINESS LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR SALES/LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt16MORTGAGE LOAN ORIGINATOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-1467
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt024946959
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0607184
IRS990/InsuranceGrp/TotalAmt0176496
IRS990/InterestGrp/TotalAmt01854415
IRS990/InvestmentIncomeGrp/ExclusionAmt01862743
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01862743
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03547781
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02808731
IRS990/InvestmentsPubTradedSecGrp/BOYAmt037585383
IRS990/InvestmentsPubTradedSecGrp/EOYAmt048265967
IRS990/IRPDocumentCnt010016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06705491
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014304172
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013481887
IRS990/LandBldgEquipCostOrOtherBssAmt020187378
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01467
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0-236887
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-236887
IRS990/MissionDesc0THE CREDIT UNION IS A COOPERATIVE ASSOCIATION WHICH WAS ORGANIZED TO PROMOTE THRIFT AMONG ITS MEMBERS AS WELL AS TO PROVIDE THEM WITH A SOURCE OF CREDIT. FIVE STAR SERVES MEMBERS IN COUNTIES IN THE SOUTHEAST REGION OF ALABAMA AND GEORGIA. THE TOTAL NUMBER OF MEMBERS SERVED IS IN EXCESS OF 35,000.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt032349804
IRS990/NetAssetsOrFundBalancesEOYAmt037150983
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1467
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1467
IRS990/NetUnrelatedBusTxblIncmAmt0-5456
IRS990/NetUnrlzdGainsLossesInvstAmt0-631242
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0563851
IRS990/OfficeExpensesGrp/TotalAmt01126065
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022578977
IRS990/OtherAssetsTotalGrp/EOYAmt021283519
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0671198
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM AND DEBIT CARD EXPE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3CREDIT CARD EXPENSES
IRS990/OtherExpensesGrp/TotalAmt01612037
IRS990/OtherExpensesGrp/TotalAmt11060656
IRS990/OtherExpensesGrp/TotalAmt2542934
IRS990/OtherExpensesGrp/TotalAmt3452823
IRS990/OtherLiabilitiesGrp/BOYAmt0328862151
IRS990/OtherLiabilitiesGrp/EOYAmt0342006886
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0FEES AND SERVICE CHARGES
IRS990/OtherRevenueMiscGrp/Desc1ATM FOREIGN FEE INCOME
IRS990/OtherRevenueMiscGrp/Desc2LOSS ON DISPOSITION OF CIPOL
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09355971
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-37171
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09355971
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1142580
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2-37171
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0142580
IRS990/OtherRevenueTotalAmt09224493
IRS990/OtherSalariesAndWagesGrp/TotalAmt05343314
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0229379084
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0238326267
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0449079
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0319766
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01056201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0898001
IRS990/PrincipalOfficerNm0Robert A Steensma
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013859723
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013859723
IRS990/ProgSrvcAccomActy2Grp/Desc0TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, FIVE STAR PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01680522
IRS990/PYOtherExpensesAmt011887132
IRS990/PYOtherRevenueAmt07776859
IRS990/PYProgramServiceRevenueAmt013451356
IRS990/PYRevenuesLessExpensesAmt04254879
IRS990/PYSalariesCompEmpBnftPaidAmt06766726
IRS990/PYTotalExpensesAmt018653858
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022908737
IRS990/ReconcilationRevenueExpnssAmt05432421
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt032349804
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt037150983
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049875605
IRS990/SavingsAndTempCashInvstGrp/EOYAmt048695214
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt012500
IRS990ScheduleC/PoliticalExpendituresAmt012500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0521681138
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0STATE ACULAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt012500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt022 INVERNESS PARKWAY STE 200
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0BIRMINGHAM
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0AL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd035242
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ACULAC is the political action committee for the League of Southeastern Credit Unions, our state trade association. Funds are used to support political candidates and parties at the state level. Among those eligible to receive support from ACULAC are candidates for the Alabama House of Representatives, Alabama Senate, Governor, Lt. Governor, Attorney General, Secretary of State, State Treasurer, State Party Committees, Leadership PACS (where applicable) and local races.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I-A, Line 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt012500
IRS990ScheduleD/BuildingsGrp/BookValueAmt09048146
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03083840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012131986
IRS990ScheduleD/LandGrp/BookValueAmt03179702
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03179702
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01164273
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12956556
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21208315
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3364544
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt412000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt591753
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt667427
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt73430651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER REAL ESTATE OWNED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NEW YORK LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5REPOSSESSED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6CORE DEPOSIT INTANGIBLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7GOODWILL
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01254039
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03621651
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04875690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0342006886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013481887
IRS990ScheduleD/TotalBookValueOtherAssetsAmt021283519
IRS990ScheduleD/TotalLiabilityAmt0342006886
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0319343
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1129529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount051360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount118911
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0196592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15987
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt110335
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt04401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt177

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$384,613,764
Liabilities
$347,462,781
Net assets
$37,150,983
Revenue
$24,945,492
Expenses
$19,513,071
Net income
$5,432,421
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,191$1,110$80.9$80.1$74.8$5.26
2023Summary only. Only limited summary data is available for this year.$799$723$75.5$54.1$41.9$12.2
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$749$685$63.7$44.9$32.8$12.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$661$586$75.1$38.0$27.8$10.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$557$488$69.0$33.6$26.7$6.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$463$403$60.4$33.6$25.0$8.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$435$385$49.9$29.3$22.3$7.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$383$340$43.1$27.0$21.0$5.94
2016Detailed filing. Detailed filing data is available for this year.$385$347$37.2$24.9$19.5$5.43
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$366$333$32.3$22.9$18.7$4.25
2014Detailed filing. Detailed filing data is available for this year.$318$289$28.3$18.4$14.4$3.91
2013Detailed filing. Detailed filing data is available for this year.$253$230$23.7$15.9$12.8$3.02
2012Summary only. Only limited summary data is available for this year.$252$230$21.6$14.6$12.6$2.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$184$164$19.1$9.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$158$15.8$12.8