Civic Intelligence

Cgr Credit Union

990 • Fiscal year 2016 • EIN 58-1122970

Jan 01, 2016 to Dec 31, 2016 • Filed on Jan 31, 2018

2040 Ingleside AveMacon, GA 31204

(478) 745-0494

Siviq Scores

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

Liabilities / Assets

16th percentile

0.83x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

12th percentile

12.06x

Higher debt load relative to revenue than 12% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

84th percentile

19%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$176,739

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

22nd percentile

0.6%

Faster asset growth than 22% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

4.0%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$83,086,297

Up $495,762 (+0.6%) from 2015

Net Assets

Up

$13,817,556

Up $1,009,709 (+7.9%) from 2015

Liabilities

Down

$69,268,741

Down $513,947 (-0.7%) from 2015

Revenue

Up

$5,741,834

Up $218,801 (+4.0%) from 2015

Expenses

Up

$4,666,031

Up $238,663 (+5.4%) from 2015

Net Income

Down

$1,075,803

Down $19,862 (-1.8%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2008: $33,866,925Liabilities 2008: $29,371,687Net Assets 2008: $4,495,2382008Assets 2009: $44,724,199Liabilities 2009: $39,884,920Net Assets 2009: $4,839,2792009Assets 2010: $45,951,319Liabilities 2010: $40,304,712Net Assets 2010: $5,646,6072010Assets 2015: $82,590,535Liabilities 2015: $69,782,688Net Assets 2015: $12,807,8472015Assets 2016: $83,086,297Liabilities 2016: $69,268,741Net Assets 2016: $13,817,5562016Assets 2017: $85,851,300Liabilities 2017: $71,614,946Net Assets 2017: $14,236,3542017Assets 2018: $90,489,769Liabilities 2018: $74,091,955Net Assets 2018: $16,397,8142018Assets 2019: $92,762,298Liabilities 2019: $75,031,198Net Assets 2019: $17,731,1002019Assets 2020: $109,579,321Liabilities 2020: $91,204,997Net Assets 2020: $18,374,3242020Assets 2021: $116,663,240Liabilities 2021: $97,610,738Net Assets 2021: $19,052,5022021Assets 2022: $113,701,166Liabilities 2022: $93,408,016Net Assets 2022: $20,293,1502022Assets 2023: $113,694,844Liabilities 2023: $91,997,721Net Assets 2023: $21,697,1232023Assets 2024: $112,331,366Liabilities 2024: $88,843,857Net Assets 2024: $23,487,5092024

Highlighted filing

2016

Assets$83,086,297
Liabilities$69,268,741
Net Assets$13,817,556

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2008: $100,899Expenses 2008: $101,668Net Income 2008: -$7692008Revenue 2009: $63,478Expenses 2009: $110,397Net Income 2009: -$46,9192009Revenue 2010: $84,530Expenses 2010: $122,146Net Income 2010: -$37,6162010Revenue 2015: $5,523,033Expenses 2015: $4,427,368Net Income 2015: $1,095,6652015Revenue 2016: $5,741,834Expenses 2016: $4,666,031Net Income 2016: $1,075,8032016Revenue 2017: $5,825,095Expenses 2017: $4,895,181Net Income 2017: $929,9142017Revenue 2018: $6,522,109Expenses 2018: $5,231,032Net Income 2018: $1,291,0772018Revenue 2019: $6,731,698Expenses 2019: $5,376,273Net Income 2019: $1,355,4252019Revenue 2020: $5,614,753Expenses 2020: $4,971,530Net Income 2020: $643,2232020Revenue 2021: $5,356,650Expenses 2021: $4,678,472Net Income 2021: $678,1782021Revenue 2022: $6,221,996Expenses 2022: $4,981,348Net Income 2022: $1,240,6482022Revenue 2023: $7,339,107Expenses 2023: $5,935,134Net Income 2023: $1,403,9732023Revenue 2024: $8,246,945Expenses 2024: $6,456,559Net Income 2024: $1,790,3862024

Highlighted filing

2016

Revenue$5,741,834
Expenses$4,666,031
Net Income$1,075,803
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jan 31, 2018
Return Version
2016v3.1
Gross Receipts
$5,762,301
Mission and Program Overview

Mission

Cgr credit union is a financial cooperative dedicated to providing savings and loans to our members utilizing safe business practices. Cgr credit union is here for our members who trust us with all their financial business and stay with us for life. The credit provides services for approximately 11,129 members in the form of loans, savings, and other financial services.

Cooperative provider of credit union financial services including savings and loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$42,077,186$41,321,741▼ $755,445
Other Notes and Loans Receivable, Net$34,056,830$35,115,292▲ $1,058,462
Rtn Earn Endowment Incm Other Fnds$12,807,847$13,817,556▲ $1,009,709
Land, Buildings, and Equipment, Net$2,086,053$2,275,547▲ $189,494
Cash and Non-Interest-Bearing Accounts$2,350,009$2,262,600▼ $87,409
Prepaid Expenses and Deferred Charges$77,077$122,569▲ $45,492
Accounts Receivable$-7,426$-33,935▼ $26,509
Total Assets$82,590,535$83,086,297▲ $495,762
Other Assets Total$1,950,806$2,022,483▲ $71,677
Liabilities
Other Liabilities$68,954,825$68,052,556▼ $902,269
Accounts Payable and Accrued Expenses$827,863$1,216,185▲ $388,322
Total Liabilities$69,782,688$69,268,741▼ $513,947
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,807,847$13,817,556▲ $1,009,709
Total Liabilities and Net Assets / Fund Balance$82,590,535$83,086,297▲ $495,762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,769,185$563,536$2,332,721
Land$364,200-$364,200
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert JordanPresident/ceFT$176,739-$176,739
Robert JordanPresident/CEO-$140,654$36,085$176,739

Board Members and Trustees

NameTitle
Timothy SlocumChairman
Cathy PattersonVice Chairma
Clint HarperBoard Member
David EvansBoard Member
Doanld SmithBoard Member
Karen FarrDirector
Quentin JudeScretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Fis GlobalDr/cr ProcessorPO BOX 4535, Carol Stream, IL 60197$231,429
Howe ConstructionConstruction11285 ELKINS ROAD G1, Roswell, GA 30304$193,229
Share One INCCore Processor2650 THOUSAND OAKS BLVD SUITE 1120, Memphis, TN 38118$150,735
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,836,487
Investment Income
$-20,467
Other Revenue
$925,814
Change in Net Assets
$1,075,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,639,505
Salaries, Compensation, and Employee Benefits$2,026,526
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,419,318--$1,419,318
Fees for Services Management$842,132--$842,132
Office Expenses$438,744--$438,744
Interest$363,226--$363,226
Other Employee Benefits$303,662--$303,662
Occupancy$246,737--$246,737
Other Expenses$186,067--$186,067
Fees for Service Investment Mgmnt Fees$173,935--$173,935
Current Officers, Directors, Trustees, and Key Employees$140,654--$140,654
Payroll Taxes$109,916--$109,916
Advertising$106,303--$106,303
Pension Plan Contributions$52,976--$52,976
Conferences and Meetings$42,788--$42,788
Fees for Services Accounting$19,200--$19,200
Fees for Services Other$17,031--$17,031
Fees for Services Legal$16,185--$16,185
Total Functional Expenses$4,666,031$0$0$4,666,031
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dianne JordanPresident SpousJoint InvestmentNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares$67,675,554
Total Accrued Expenses$377,002
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 7A

Election by members at the annual meeting of the membership is held the 2nd tuesday in february each year. Nominations are opened 45 days prior to the meeting and are submitted to the board appointed "nominating committee". Nominees are vetted to the extent that they are members in good standing and are financially responsible in their personal business. Nominations are also called for from the floor of the annual meeting and, should there be a nominee from the floor, the supervisory committee is positioned to do an on-the-spot review of the nominee's qualifications.

Form 990, Page 6, Part VI, Line 11B

Form 990 reviewed a regular bod meeting.

Form 990, Page 6, Part VI, Line 12C

We have a code of ethics that covers conflicts of interest as well as our employee handbook. All officials are required to sign "conflict of interest" statements.

Form 990, Page 6, Part VI, Line 15A

We use hr performance solutions' product called compease as a benchmarking tool for all employees. The bod references this tool in their decisions for setting the ceo's salary. The board of directors reviews the ceo performance annually and consults with a third-party firm qualified to evaluate what is appropriate and competitive in both compensation and benefits.

Form 990, Page 6, Part VI, Line 15B

We use hr performance solutions product called compease as a benchmarking tool for all employees.

Form 990, Page 6, Part VI, Line 19

Governing documents that are not publically available online are available upon request at the credit union's ingleside ave branch. The conflict of interest policy would also be available upon request. Financial statements are posted in the lobby of each branch.

Filing and Contact Details

Filer

Filer Name
Cgr Credit Union
EIN
58-1122970
Phone
4787450494
Address
2040 INGLESIDE AVE, MACON, GA 31204

Signing Officer

Name
Robert Jordan
Title
President/CEO
Phone
4789607422
Signed
2018-01-31

Organization Details

Principal Officer
Robert Jordan
Formed
1971
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
44
Volunteers
4

Preparer

Firm
Schwartz Cole and Associates LLC
Address
11776 W SAMPLE RD STE 106, CORAL SPRINGS, FL 33065-3180
Preparer
Daniel J Cole
Phone
9547551760
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Changes classification of items related to form 990-t as shown on 990. In addition, some questions were corrected.

FORM 990 - ORGANIZATION'S MISSION

Cgr credit union is a financial cooperative dedicated to providing savings and loans to our memebers utilizing safe business practices. Cgr credit union is here our members trust us with all their financial business and stay with us for life.

Form 990, Page 2, Part III, Line 4D

CREDIT UNION

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IRS990/OfficeExpensesGrp/ProgramServicesAmt0438744
IRS990/OfficeExpensesGrp/TotalAmt0438744
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01950806
IRS990/OtherAssetsTotalGrp/EOYAmt02022483
IRS990/OtherChangesInNetAssetsAmt0-66094
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0303662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0303662
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1TOTAL MISC OPERATING EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt0187157
IRS990/OtherExpensesGrp/ProgramServicesAmt1186067
IRS990/OtherExpensesGrp/TotalAmt0187157
IRS990/OtherExpensesGrp/TotalAmt1186067
IRS990/OtherLiabilitiesGrp/BOYAmt068954825
IRS990/OtherLiabilitiesGrp/EOYAmt068052556
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0CARD FEES & OTHERS
IRS990/OtherRevenueMiscGrp/Desc1AUTO WARRANTY INS.
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0923884
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0923884
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11930
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt01930
IRS990/OtherRevenueTotalAmt0925814
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01419318
IRS990/OtherSalariesAndWagesGrp/TotalAmt01419318
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt034056830
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035115292
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0109916
IRS990/PayrollTaxesGrp/TotalAmt0109916
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt052976
IRS990/PensionPlanContributionsGrp/TotalAmt052976
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt077077
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0122569
IRS990/PrincipalOfficerNm0ROBERT JORDAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/BusinessCd4522200
IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME-PRODUCTS & SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1INTERST INCOME ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc2INVESTMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE PRODUCTS ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc4NON-MBR ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02200810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12105103
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2331473
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3169860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02200810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12105103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2331473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3169860
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt429241
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt029241
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CREDIT UNION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt03683245
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt02549132
IRS990/PYOtherRevenueAmt0842279
IRS990/PYProgramServiceRevenueAmt04680754
IRS990/PYRevenuesLessExpensesAmt01095665
IRS990/PYSalariesCompEmpBnftPaidAmt01878236
IRS990/PYTotalExpensesAmt04427368
IRS990/PYTotalRevenueAmt05523033
IRS990/ReconcilationRevenueExpnssAmt01075803
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012807847
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013817556
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042077186
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041321741
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01769185
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0563536
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02332721
IRS990ScheduleD/LandGrp/BookValueAmt0364200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0364200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067675554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1377002
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TOTAL ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02133385
IRS990ScheduleD/TotalLiabilityAmt068052556
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount012955
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt023130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT JORDAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0176739
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt036 PER MONTH PER EMPLOYEE FOR A HEALTH CLUB MEMBERSHIP FOR 2 EMPLOYEES TO TOTAL 72 PER MONTH.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0DIANNE JORDAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT SPOUS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0JOINT INVESTMENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE FIRST SPLIT DOLLAR 457F PLAN WITH PRESIDENT ROBERT JORDAN HAS BEEN IN PLACE SINCE 2009. A LOAN ADVANCE OF 39,999.99 IS POSTED YEARLY. THE LOAN ADVANCE IS NONRECOURSE SPLIT DOLLAR TO PAY PREMIUM THE SECOND SPLIT DOLLAR PLAN WITH PRESIDENT JORDAN IS A JOINT INVESTMENT WITH HIS SPOUSE IN A CASH VALUE INSURANCE POLICY TO PROVIDE REASONABLE RETIRMENT INCOME FOR THE INTERESTED PERSON AND INVESMENT RETURN AND INTEREST TO GCR CREDIT UNION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHANGES CLASSIFICATION OF ITEMS RELATED TO FORM 990-T AS SHOWN ON 990. IN ADDITION, SOME QUESTIONS WERE CORRECTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CGR CREDIT UNION IS A FINANCIAL COOPERATIVE DEDICATED TO PROVIDING SAVINGS AND LOANS TO OUR MEMEBERS UTILIZING SAFE BUSINESS PRACTICES. CGR CREDIT UNION IS HERE OUR MEMBERS TRUST US WITH ALL THEIR FINANCIAL BUSINESS AND STAY WITH US FOR LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ELECTION BY MEMBERS AT THE ANNUAL MEETING OF THE MEMBERSHIP IS HELD THE 2ND TUESDAY IN FEBRUARY EACH YEAR. NOMINATIONS ARE OPENED 45 DAYS PRIOR TO THE MEETING AND ARE SUBMITTED TO THE BOARD APPOINTED "NOMINATING COMMITTEE". NOMINEES ARE VETTED TO THE EXTENT THAT THEY ARE MEMBERS IN GOOD STANDING AND ARE FINANCIALLY RESPONSIBLE IN THEIR PERSONAL BUSINESS. NOMINATIONS ARE ALSO CALLED FOR FROM THE FLOOR OF THE ANNUAL MEETING AND, SHOULD THERE BE A NOMINEE FROM THE FLOOR, THE SUPERVISORY COMMITTEE IS POSITIONED TO DO AN ON-THE-SPOT REVIEW OF THE NOMINEE'S QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 REVIEWED A REGULAR BOD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WE HAVE A CODE OF ETHICS THAT COVERS CONFLICTS OF INTEREST AS WELL AS OUR EMPLOYEE HANDBOOK. ALL OFFICIALS ARE REQUIRED TO SIGN "CONFLICT OF INTEREST" STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WE USE HR PERFORMANCE SOLUTIONS' PRODUCT CALLED COMPEASE AS A BENCHMARKING TOOL FOR ALL EMPLOYEES. THE BOD REFERENCES THIS TOOL IN THEIR DECISIONS FOR SETTING THE CEO'S SALARY. THE BOARD OF DIRECTORS REVIEWS THE CEO PERFORMANCE ANNUALLY AND CONSULTS WITH A THIRD-PARTY FIRM QUALIFIED TO EVALUATE WHAT IS APPROPRIATE AND COMPETITIVE IN BOTH COMPENSATION AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WE USE HR PERFORMANCE SOLUTIONS PRODUCT CALLED COMPEASE AS A BENCHMARKING TOOL FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS THAT ARE NOT PUBLICALLY AVAILABLE ONLINE ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S INGLESIDE AVE BRANCH. THE CONFLICT OF INTEREST POLICY WOULD ALSO BE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt082590535
IRS990/TotalAssetsEOYAmt083086297
IRS990/TotalAssetsGrp/BOYAmt082590535
IRS990/TotalAssetsGrp/EOYAmt083086297
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04666031
IRS990/TotalFunctionalExpensesGrp/TotalAmt04666031
IRS990/TotalGrossUBIAmt031171
IRS990/TotalLiabilitiesBOYAmt069782688
IRS990/TotalLiabilitiesEOYAmt069268741
IRS990/TotalLiabilitiesGrp/BOYAmt069782688
IRS990/TotalLiabilitiesGrp/EOYAmt069268741
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012807847
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013817556
IRS990/TotalOtherProgSrvcExpenseAmt03683245
IRS990/TotalProgramServiceExpensesAmt04666031
IRS990/TotalProgramServiceRevenueAmt04836487
IRS990/TotalReportableCompFromOrgAmt0176739
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05710663
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05741834
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt031171
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082590535
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt083086297
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CGRCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04789607422
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CGR CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CGRC
ReturnHeader/Filer/EIN0581122970
ReturnHeader/Filer/PhoneNum04787450494

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.$112$88.8$23.5$8.25$6.46$1.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$92.0$21.7$7.34$5.94$1.40
2022Detailed filing. Detailed filing data is available for this year.$114$93.4$20.3$6.22$4.98$1.24
2021Detailed filing. Detailed filing data is available for this year.$117$97.6$19.1$5.36$4.68$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$91.2$18.4$5.61$4.97$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.8$75.0$17.7$6.73$5.38$1.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.5$74.1$16.4$6.52$5.23$1.29
2017Detailed filing. Detailed filing data is available for this year.$85.9$71.6$14.2$5.83$4.90$0.93
2016Detailed filing. Detailed filing data is available for this year.$83.1$69.3$13.8$5.74$4.67$1.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.6$69.8$12.8$5.52$4.43$1.10
2010Summary only. Only limited summary data is available for this year.$46.0$40.3$5.65$0.08$0.12$0.04
2009Summary only. Only limited summary data is available for this year.$44.7$39.9$4.84$0.06$0.11$0.05
2008Summary only. Only limited summary data is available for this year.$33.9$29.4$4.50$0.10$0.10$0.00
Peer Organizations

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