Civic Intelligence

North Main Credit Union

990 • Fiscal year 2015 • EIN 58-1354498

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization Profileethiconcu.org
655 Ethicon CircleCornelia, GA 30531

(706) 766-5459

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.80x

Higher debt load relative to assets than 22% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

14.41x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

43rd percentile

4.4%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

68th percentile

$85,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

77th percentile

7.1%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-5.6%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$11,963,067

Up $797,747 (+7.1%) from 2014

Net Assets

Up

$2,407,190

Up $1,606 (+0.1%) from 2014

Liabilities

Up

$9,555,877

Up $796,141 (+9.1%) from 2014

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin43rd percentile

Revenue

Down

$663,109

Down $39,609 (-5.6%) from 2014

Expenses

Up

$633,874

Up $9,341 (+1.5%) from 2014

Net Income

Down

$29,235

Down $48,950 (-63%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$30M$20M$10M$0Assets 2011: $10,054,656Liabilities 2011: $7,936,550Net Assets 2011: $2,118,1062011Assets 2012: $10,964,835Liabilities 2012: $8,745,112Net Assets 2012: $2,219,7232012Assets 2013: $11,219,819Liabilities 2013: $8,892,483Net Assets 2013: $2,327,3362013Assets 2014: $11,165,320Liabilities 2014: $8,759,736Net Assets 2014: $2,405,5842014Assets 2015: $11,963,067Liabilities 2015: $9,555,877Net Assets 2015: $2,407,1902015Assets 2016: $12,883,786Liabilities 2016: $10,474,977Net Assets 2016: $2,408,8092016Assets 2017: $13,858,793Liabilities 2017: $11,433,984Net Assets 2017: $2,424,8092017Assets 2018: $14,732,812Liabilities 2018: $12,284,233Net Assets 2018: $2,448,5792018Assets 2019: $15,588,586Liabilities 2019: $13,102,741Net Assets 2019: $2,485,8452019Assets 2021: $20,141,320Liabilities 2021: $17,440,891Net Assets 2021: $2,700,4292021Assets 2022: $29,981,369Liabilities 2022: $25,625,947Net Assets 2022: $4,355,4222022

Highlighted filing

2015

Assets$11,963,067
Liabilities$9,555,877
Net Assets$2,407,190
Open 2015 Filing

Operations Trend

Revenue Growth13th percentile

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $674,551Expenses 2011: $566,329Net Income 2011: $108,2222011Revenue 2012: $680,522Expenses 2012: $578,976Net Income 2012: $101,5462012Revenue 2013: $722,287Expenses 2013: $614,737Net Income 2013: $107,5502013Revenue 2014: $702,718Expenses 2014: $624,533Net Income 2014: $78,1852014Revenue 2015: $663,109Expenses 2015: $633,874Net Income 2015: $29,2352015Revenue 2016: $687,996Expenses 2016: $686,517Net Income 2016: $1,4792016Revenue 2017: $801,767Expenses 2017: $785,767Net Income 2017: $16,0002017Revenue 2018: $992,853Expenses 2018: $969,083Net Income 2018: $23,7702018Revenue 2019: $1,189,334Expenses 2019: $1,152,068Net Income 2019: $37,2662019Revenue 2021: $1,297,238Expenses 2021: $1,143,792Net Income 2021: $153,4462021Revenue 2022: $1,711,537Expenses 2022: $1,399,686Net Income 2022: $311,8512022

Highlighted filing

2015

Revenue$663,109
Expenses$633,874
Net Income$29,235
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$663,109
Mission and Program Overview

Mission

Provide financial services to the various members of the financial institution including loan and deposit accounts.

Financial institution functioning as a state chartered member served credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,993,960$5,704,610▲ $710,650
Other Notes and Loans Receivable, Net$5,864,347$5,323,653▼ $540,694
Rtn Earn Endowment Incm Other Fnds$2,067,394$2,068,923▲ $1,529
Pd in Cap Srpls Land Bldg Eqp Fund$338,190$338,267▲ $77
Cash and Non-Interest-Bearing Accounts$166,321$128,732▼ $37,589
Land, Buildings, and Equipment, Net$17,776$7,150▼ $10,626
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,165,320$11,963,067▲ $797,747
Other Assets Total$122,916$798,922▲ $676,006
Liabilities
Other Liabilities$8,628,424$9,437,157▲ $808,733
Accounts Payable and Accrued Expenses$131,312$118,720▼ $12,592
Total Liabilities$8,759,736$9,555,877▲ $796,141
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,405,584$2,407,190▲ $1,606
Total Liabilities and Net Assets / Fund Balance$11,165,320$11,963,067▲ $797,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$7,150$50,609$0
Leasehold Improvements$0$0$0
Other Assets Org$109,855--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melany WardCEOFT$85,000$85,000

Board Members and Trustees

NameTitle
Brandon TerrellCredit Committee Chair
Gay BarmlettSupervisory Committee Chair
Deborah BeamPresident
Danny ThomasBoard Member
Fredrick Dalton JrBoard Member
Ray McAlisterBoard Member
Tracy McCurryBoard Member
Joye DoddBoard Secretary
William BeamCredit Committee Member
Barbara HarbertSupervisory Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$483,935
Investment Income
$41,367
Other Revenue
$137,807
Change in Net Assets
$29,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$362,255
Salaries, Compensation, and Employee Benefits$271,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$199,171
Fees for Services Accounting---$152,376
Other Employee Benefits---$72,448
Office Expenses---$61,315
Travel---$39,334
Advertising---$28,008
Depreciation Depletion---$12,095
Other Expenses---$10,028
All Other Expenses---$7,868
Total Functional Expenses$0$0$0$633,874
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Membership Shares$9,437,157
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Two of the Board Members are married.”

Form 990, Part VI, Section A, Line 6

“This is a member served state chartered credit union, financial institution which provides financial and investment services to those member is the credit union. Each person who receives service is a member of the credit union.”

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

“The Membership elects the Board.”

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

“Membership votes on Mergers.”

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

“The manager and President check these forms for accuracy.”

Form 990, Part VI, Section B, Line 15

“The credit union has a personnel committee who are members of the credit union. This committee reviews articles, salary surveys, produced by the association connected with the credit union and those surveys produced nationally for compensation paid for like or similar positions(tied to the local economy, years of experience, education, and training) and positions held within the financial institutions are also reviewed.”

Form 990, Part VI, Section C, Line 19

“Documents supporting the financial well being of the state of Georgia member served credit union are posted in the lobby of the credit union on a monthly basis. No other documents are made available to the public, however, under the freedom of information act they are available to the members of the general public.”

Filing and Contact Details

Filer

Filer Name
Ethicon Credit Union
EIN
58-1354498
Phone
7067665459
Address
655 Ethicon Circle, Cornelia, GA 30531

Signing Officer

Name
Melany Ward
Title
CEO
Phone
7067765459
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melany Ward
Formed
1978
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
0

Preparer

Firm
JBarrett Consulting LLC
Address
PO Box 704, Fairmount, GA 30139
Preparer
Jason Barrett
Phone
7707220725
Raw XML AppendixShowing 400 of 424 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/PYRevenuesLessExpensesAmt078185
IRS990/PYSalariesCompEmpBnftPaidAmt0272884
IRS990/PYTotalExpensesAmt0624533
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0702718
IRS990/ReconcilationRevenueExpnssAmt029235
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02067394
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02068923
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04993960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05704610
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07150
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050609
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt057759
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0575000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118413
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29370
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt386284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4109855
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Anuity
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Int Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Accrued investment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NCUSIF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OREO
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09437157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Membership Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07150
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0798922
IRS990ScheduleD/TotalLiabilityAmt09437157
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two of the Board Members are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This is a member served state chartered credit union, financial institution which provides financial and investment services to those member is the credit union. Each person who receives service is a member of the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Membership elects the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Membership votes on Mergers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The manager and President check these forms for accuracy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The credit union has a personnel committee who are members of the credit union. This committee reviews articles, salary surveys, produced by the association connected with the credit union and those surveys produced nationally for compensation paid for like or similar positions(tied to the local economy, years of experience, education, and training) and positions held within the financial institutions are also reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents supporting the financial well being of the state of Georgia member served credit union are posted in the lobby of the credit union on a monthly basis. No other documents are made available to the public, however, under the freedom of information act they are available to the members of the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011165320
IRS990/TotalAssetsEOYAmt011963067
IRS990/TotalAssetsGrp/BOYAmt011165320
IRS990/TotalAssetsGrp/EOYAmt011963067
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0633874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08759736
IRS990/TotalLiabilitiesEOYAmt09555877
IRS990/TotalLiabilitiesGrp/BOYAmt08759736
IRS990/TotalLiabilitiesGrp/EOYAmt09555877
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02405584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02407190
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0483935
IRS990/TotalReportableCompFromOrgAmt085000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0663109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0663109
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011165320
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011963067
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt039334
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0655 Ethicon Circle
IRS990/USAddress/CityNm0Cornelia
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030531
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0ethiconcu.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Melany Ward
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,963,067
Liabilities
$9,555,877
Net assets
$2,407,190
Revenue
$663,109
Expenses
$633,874
Net income
$29,235
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$30.0$25.6$4.36$1.71$1.40$0.31
2021Detailed filing. Detailed filing data is available for this year.$20.1$17.4$2.70$1.30$1.14$0.15
2019Detailed filing. Detailed filing data is available for this year.$15.6$13.1$2.49$1.19$1.15$0.04
2018Detailed filing. Detailed filing data is available for this year.$14.7$12.3$2.45$0.99$0.97$0.02
2017Detailed filing. Detailed filing data is available for this year.$13.9$11.4$2.42$0.80$0.79$0.02
2016Summary only. Only limited summary data is available for this year.$12.9$10.5$2.41$0.69$0.69$0.00
2015Detailed filing. Detailed filing data is available for this year.$12.0$9.56$2.41$0.66$0.63$0.03
2014Detailed filing. Detailed filing data is available for this year.$11.2$8.76$2.41$0.70$0.62$0.08
2013Detailed filing. Detailed filing data is available for this year.$11.2$8.89$2.33$0.72$0.61$0.11
2012Summary only. Only limited summary data is available for this year.$11.0$8.75$2.22$0.68$0.58$0.10
2011Summary only. Only limited summary data is available for this year.$10.1$7.94$2.12$0.67$0.57$0.11