Civic Intelligence

Ethicon Credit Union

EIN 58-1354498 • 501(c)14 • Cornelia, GA

Profile

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

255 North Main StreetCornelia, GA 30531

northmaincu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.85x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

14.97x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

49%

Faster asset growth than 100% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

32%

Faster revenue growth than 91% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$29,981,369

Up $9,840,049 (+49%) from 2021

Liabilities

Up

$25,625,947

Up $8,185,056 (+47%) from 2021

Net Assets

Up

$4,355,422

Up $1,654,993 (+61%) from 2021

Revenue

Up

$1,711,537

Up $414,299 (+32%) from 2021

Expenses

Up

$1,399,686

Up $255,894 (+22%) from 2021

Net Income

Up

$311,851

Up $158,405 (+103%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2022

Assets$29,981,369
Liabilities$25,625,947
Net Assets$4,355,422

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2022

Revenue$1,711,537
Expenses$1,399,686
Net Income$311,851

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$1,711,537
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,005,647$20,660,669▲ $4,655,022
Savings and Temporary Cash Investments$2,107,916$7,302,304▲ $5,194,388
Rtn Earn Endowment Incm Other Fnds$2,362,022$4,355,422▲ $1,993,400
Land, Buildings, and Equipment, Net$461,390$485,263▲ $23,873
Cash and Non-Interest-Bearing Accounts$657,914$455,574▼ $202,340
Pd in Cap Srpls Land Bldg Eqp Fund$338,407$0▼ $338,407
Accounts Receivable$43,604$72,806▲ $29,202
Prepaid Expenses and Deferred Charges$17,917$14,198▼ $3,719
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$20,141,320$29,981,369▲ $9,840,049
Other Assets Total$846,932$990,555▲ $143,623
Liabilities
Other Liabilities$17,353,700$25,393,969▲ $8,040,269
Accounts Payable and Accrued Expenses$87,191$231,978▲ $144,787
Total Liabilities$17,440,891$25,625,947▲ $8,185,056
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,700,429$4,355,422▲ $1,654,993
Total Liabilities and Net Assets / Fund Balance$20,141,320$29,981,369▲ $9,840,049

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$241,008$31,992$0
Other Land Buildings$0$0$0
Land$186,000-$0
Equipment$58,255$99,631$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melany WardPresident/CEOFT$140,000$10,418$150,418

Board Members and Trustees

NameTitle
Ray McAlisterBoard Chair
Deborah BeamDirector & Supervisory Chair
Lawrence BridgesDirector & Vice Chair
Adam DurkinBoard Member
Amanda ChosewoodBoard Member
Gracie HeinenBoard Member
Barbara StrainDirector & Board Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,641,113
Investment Income
$70,424
Other Revenue
$0
Change in Net Assets
$311,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$731,987
Other Expenses$667,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$408,458
Fees for Services Accounting---$349,709
Current Officers, Directors, Trustees, and Key Employees---$158,564
Other Employee Benefits---$65,603
Pension Plan Contributions---$56,701
Conferences and Meetings---$53,550
Office Expenses---$48,883
Payroll Taxes---$42,661
Occupancy---$40,734
Advertising---$38,500
Fees for Services Management---$32,931
Information Technology---$22,690
Other Expenses---$22,481
Insurance---$20,681
Payments to Affiliates---$16,090
Depreciation Depletion---$15,500
Travel---$5,950
Total Functional Expenses$0$0$0$1,399,686
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
Credit Union Member Deposits$25,393,969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 6

3401 Credit Union Members

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

The Board of Directors are elected by the membership.

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

The membership would vote on a merger.

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

The President reviews and provides to the Board of Directors

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

Policies are reviewed by the Board of Directors annually

Form 990, Part VI, Section B, Line 15

The credit union Board of Directors review the salary surveys, and information produced by credit union associations for compensation paid for like or similar positions - tied to the local economy, years of experience, education, and training

Form 990, Part VI, Section C, Line 19

The financial statements are posted in the lobby of the credit union on a monthly basis

Filing and Contact Details

Filer

Filer Name
North Main Credit Union
EIN
58-1354498
Phone
7068949060
Address
255 North Main Street, Cornelia, GA 30531

Signing Officer

Name
Melany Ward
Title
CEO
Phone
7068949069
Signed
2023-11-09

Organization Details

Principal Officer
Melany Ward
Formed
1979
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
0
Employees
10
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Merged in another Credit Union and accepted their retained earning and regular reserves

Raw XML AppendixShowing 400 of 421 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/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04355422
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02107916
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07302304
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0241008
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031992
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0273000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt058255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099631
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0157886
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0186000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0186000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025393969
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Union Member Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0485263
IRS990ScheduleD/TotalLiabilityAmt025393969
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount010418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt0140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Melany Ward
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150418
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt03401 Credit Union Members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors are elected by the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The membership would vote on a merger.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The President reviews and provides to the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Policies are reviewed by the Board of Directors annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The credit union Board of Directors review the salary surveys, and information produced by credit union associations for compensation paid for like or similar positions - tied to the local economy, years of experience, education, and training
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The financial statements are posted in the lobby of the credit union on a monthly basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Merged in another Credit Union and accepted their retained earning and regular reserves
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt020141320
IRS990/TotalAssetsEOYAmt029981369
IRS990/TotalAssetsGrp/BOYAmt020141320
IRS990/TotalAssetsGrp/EOYAmt029981369
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01399686
IRS990/TotalGrossUBIAmt04896
IRS990/TotalLiabilitiesBOYAmt017440891
IRS990/TotalLiabilitiesEOYAmt025625947
IRS990/TotalLiabilitiesGrp/BOYAmt017440891
IRS990/TotalLiabilitiesGrp/EOYAmt025625947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02700429
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04355422
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01641113
IRS990/TotalReportableCompFromOrgAmt0150814
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01706641
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01711537
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04896
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020141320
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029981369
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05950
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/USAddress/AddressLine1Txt0255 North Main St
IRS990/USAddress/CityNm0Cornelia
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030531
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0northmaincu.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01

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