Civic Intelligence

Hello Credit Union

990 • Fiscal year 2014 • EIN 59-0690964

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 06, 2015

Organization ProfileWWW.BAYCU.COM

View Organization Page

601 Highway 231Panama City, FL 32405

(850) 785-6103

Siviq Scores

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

Liabilities / Assets

61st percentile

0.90x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

18th percentile

14.02x

Higher debt load relative to revenue than 18% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

42nd percentile

8.7%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

43rd percentile

$122,935

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

75th percentile

5.2%

Faster asset growth than 75% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

11%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$75,718,269

Up $3,740,515 (+5.2%) from 2013

Net Assets

Up

$7,693,085

Up $255,849 (+3.4%) from 2013

Liabilities

Up

$68,025,184

Up $3,484,666 (+5.4%) from 2013

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin42nd percentile

Revenue

Up

$4,850,572

Up $461,619 (+11%) from 2013

Expenses

Up

$4,426,526

Up $483,638 (+12%) from 2013

Net Income

Down

$424,046

Down $22,019 (-4.9%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$200M$150M$100M$50M$0Assets 2010: $63,323,899Liabilities 2010: $56,973,079Net Assets 2010: $6,350,8202010Assets 2011: $65,891,645Liabilities 2011: $59,300,894Net Assets 2011: $6,590,7512011Assets 2012: $71,005,636Liabilities 2012: $64,329,948Net Assets 2012: $6,675,6882012Assets 2013: $71,977,754Liabilities 2013: $64,540,518Net Assets 2013: $7,437,2362013Assets 2014: $75,718,269Liabilities 2014: $68,025,184Net Assets 2014: $7,693,0852014Assets 2015: $81,641,845Liabilities 2015: $73,966,538Net Assets 2015: $7,675,3072015Assets 2016: $82,379,530Liabilities 2016: $74,795,792Net Assets 2016: $7,583,7382016Assets 2017: $82,887,206Liabilities 2017: $75,437,541Net Assets 2017: $7,449,6652017Assets 2018: $110,747,504Liabilities 2018: $103,478,529Net Assets 2018: $7,268,9752018Assets 2019: $101,786,940Liabilities 2019: $91,954,158Net Assets 2019: $9,832,7822019Assets 2020: $107,126,544Liabilities 2020: $96,394,353Net Assets 2020: $10,732,1912020Assets 2021: $118,332,865Liabilities 2021: $107,385,804Net Assets 2021: $10,947,0612021Assets 2022: $168,547,425Liabilities 2022: $149,754,550Net Assets 2022: $18,792,8752022Assets 2024: $163,318,016Liabilities 2024: $142,348,271Net Assets 2024: $20,969,7452024

Highlighted filing

2014

Assets$75,718,269
Liabilities$68,025,184
Net Assets$7,693,085
Open 2014 Filing

Operations Trend

Revenue Growth91st percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $4,225,6302010Expenses 2011: $4,081,9992011Expenses 2012: $4,144,6612012Revenue 2013: $4,388,953Expenses 2013: $3,942,888Net Income 2013: $446,0652013Revenue 2014: $4,850,572Expenses 2014: $4,426,526Net Income 2014: $424,0462014Revenue 2015: $4,936,261Expenses 2015: $5,036,828Net Income 2015: -$100,5672015Revenue 2016: $4,603,734Expenses 2016: $4,558,279Net Income 2016: $45,4552016Revenue 2017: $4,331,558Expenses 2017: $4,496,849Net Income 2017: -$165,2912017Revenue 2018: $4,302,755Expenses 2018: $3,957,885Net Income 2018: $344,8702018Revenue 2019: $5,724,439Expenses 2019: $3,579,920Net Income 2019: $2,144,5192019Revenue 2020: $4,008,457Expenses 2020: $3,650,913Net Income 2020: $357,5442020Revenue 2021: $4,461,399Expenses 2021: $3,809,315Net Income 2021: $652,0842021Revenue 2022: $7,848,025Expenses 2022: $6,042,145Net Income 2022: $1,805,8802022Revenue 2024: $9,964,143Expenses 2024: $9,299,864Net Income 2024: $664,2792024

Highlighted filing

2014

Revenue$4,850,572
Expenses$4,426,526
Net Income$424,046
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 6, 2015
Return Version
2014v5.0
Gross Receipts
$4,850,572
Mission and Program Overview

Mission

To provide residents of bay county with financial and depository services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$52,592,104$55,320,348▲ $2,728,244
Savings and Temporary Cash Investments$13,769,885$12,271,122▼ $1,498,763
Rtn Earn Endowment Incm Other Fnds$7,437,236$7,693,085▲ $255,849
Land, Buildings, and Equipment, Net$3,386,557$3,985,082▲ $598,525
Cash and Non-Interest-Bearing Accounts$1,122,706$2,738,371▲ $1,615,665
Prepaid Expenses and Deferred Charges$83,097$76,046▼ $7,051
Accounts Receivable$7,872$5,482▼ $2,390
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$71,977,754$75,718,269▲ $3,740,515
Other Assets Total$1,015,533$1,321,818▲ $306,285
Liabilities
Other Liabilities$63,489,699$67,270,811▲ $3,781,112
Accounts Payable and Accrued Expenses$629,112$754,373▲ $125,261
Mortgage Notes Payable Secured by Investment Property$421,707$0▼ $421,707
Total Liabilities$64,540,518$68,025,184▲ $3,484,666
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,437,236$7,693,085▲ $255,849
Total Liabilities and Net Assets / Fund Balance$71,977,754$75,718,269▲ $3,740,515

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,401,685$1,252,152$3,653,837
Other Land Buildings$1,153,159$792,109$1,945,268
Land$430,238-$430,238
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ray CrispPresident/CEOFT$101,580$21,355$122,935
Robin MontgomeryVP of FinanceFT$65,305$38,963$104,268

Board Members and Trustees

NameTitle
Earl C Mirus JrChairperson
Gary D BlissChairperson
Richard MaxwellVice-chairperson
Charles CunninghamBoard Member
Dallas ShawBoard Member
Frank GillmoreBoard Member
Jim MannSecretary
Charles AtkinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ase Auto ExpertsAuto Repair Services2718 FRANKFORD AVENUE, Panama City, FL 32405$154,652
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,782,047
Investment Income
$168,016
Other Revenue
$900,509
Change in Net Assets
$424,046

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,850,572
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,850,572
Total Revenue per Form 990
$4,850,572
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,596,464
Salaries, Compensation, and Employee Benefits$1,830,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,186,646
Information Technology---$354,140
Office Expenses---$309,528
Interest---$272,992
All Other Expenses---$271,000
Current Officers, Directors, Trustees, and Key Employees---$227,203
Depreciation Depletion---$195,925
Payroll Taxes---$168,578
Other Employee Benefits---$165,463
Occupancy---$121,631
Pension Plan Contributions---$82,172
Other Expenses---$67,227
Insurance---$46,204
Fees for Services Accounting---$44,152
Advertising---$40,355
Conferences and Meetings---$30,371
Fees for Services Legal---$9,073
Travel---$6,606
Total Functional Expenses$0$0$0$4,426,526

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,426,526
Total Expenses per Audited Statements$4,426,526
Total Expenses per Form 990$4,426,526
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposit Accounts$67,268,228
Dividends Payable$2,583
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
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

“The board of directors are elected by the credit union's membership for three-year terms. The chairman of the board appoints a nominating committee who will nominate at least one person from the membership for each vacancy for which elections are being held. Members may also be nominated by petition.”

Form 990, Part VI, Section B, Line 11

“Our cpa firm completes the 990 in conjunction with our accounting department. It is then submitted to our president/ceo and vp of finance for their review and signature.”

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

“Officials, officers, management, and staff are required to sign the conflict of interest policy. All insiders receive services under the same terms as any members. Management performs a review of potential vendors prior to contracting for services. This review would identify possible conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The board of directors approve the salary of the credit union's president/ceo. The president/ceo approves all employee compensation.”

Form 990, Part VI, Section C, Line 19

“Financial statements are provided to members at the credit union's annual meeting each march and to dunn & bradstreet annually in december.”

Filing and Contact Details

Filer

Filer Name
Bay Credit Union
EIN
59-0690964
Phone
8507856103
Address
601 HIGHWAY 231, PANAMA CITY, FL 32405

Signing Officer

Name
Ray Crisp
Title
CEO
Phone
8507856103
Signed
2015-11-06

Organization Details

Principal Officer
Ray Crisp
Formed
1952
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
45
Volunteers
12

Preparer

Firm
Hutto & Carver Pa
Address
200 E GOVERNMENT ST STE 110, PENSACOLA, FL 32502
Preparer
Harold S Hutto Jr CPA
Phone
8504385299
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Fasb asc 715 pension liability adjustment -168,197.”

Form 990, Part XII, Line 2(C)

“The credit union has an audit committee comprised of four volunteers who are responsible for the oversight of the audit and the selection of the independent auditors.”

Financial Statement Notes

PART X, LINE 2:

“Effective january 1, 2009, the credit union implemented the new accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2014, the credit union had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the credit union had no interest and penalties related to income taxes. With few exceptions, the credit union is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before 2011.”

Raw XML AppendixShowing 400 of 408 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/OtherAssetsTotalGrp/BOYAmt01015533
IRS990/OtherAssetsTotalGrp/EOYAmt01321818
IRS990/OtherChangesInNetAssetsAmt0-168197
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0165463
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1VISA EXPENSE
IRS990/OtherExpensesGrp/Desc2COLLECTION EXPENSE
IRS990/OtherExpensesGrp/Desc3ATM EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0499535
IRS990/OtherExpensesGrp/TotalAmt1211439
IRS990/OtherExpensesGrp/TotalAmt2116286
IRS990/OtherExpensesGrp/TotalAmt367227
IRS990/OtherLiabilitiesGrp/BOYAmt063489699
IRS990/OtherLiabilitiesGrp/EOYAmt067270811
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1GAIN ON SALE OF REPO A
IRS990/OtherRevenueMiscGrp/Desc2FOREIGN ATM FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0839558
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt140253
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0839558
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt140253
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt220698
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt020698
IRS990/OtherRevenueTotalAmt0900509
IRS990/OtherSalariesAndWagesGrp/TotalAmt01186646
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt052592104
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt055320348
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0168578
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt082172
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083097
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076046
IRS990/PrincipalOfficerNm0RAY CRISP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03782047
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03782047
IRS990/ProgSrvcAccomActy2Grp/Desc0CREDIT UNION PROGRAM: THE CREDIT UNION PROVIDES LOANS IN THE FORM OF VISA CREDIT CARDS, MORTGAGES, LINES OF CREDIT AND CONSUMER LOANS.
IRS990/ProgSrvcAccomActy3Grp/Desc0CREDIT UNION PROGRAM: THE CREDIT UNION PROVIDES LOW COST SERVICES SUCH AS SAFE DEPOSIT BOXES, CHECKING, OVERDRAFT PROTECTION, BILL PAY AND WIRE TRANSFER.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0223043
IRS990/PYOtherExpensesAmt02120716
IRS990/PYOtherRevenueAmt0878173
IRS990/PYProgramServiceRevenueAmt03287737
IRS990/PYRevenuesLessExpensesAmt0446065
IRS990/PYSalariesCompEmpBnftPaidAmt01822172
IRS990/PYTotalExpensesAmt03942888
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04388953
IRS990/ReconcilationRevenueExpnssAmt0424046
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07437236
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07693085
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013769885
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012271122
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02401685
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01252152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03653837
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04426526
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0430238
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0430238
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01153159
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0792109
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01945268
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067268228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DIVIDENDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04850572
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JANUARY 1, 2009, THE CREDIT UNION IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2014, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03985082
IRS990ScheduleD/TotalExpensesPerForm990Amt04426526
IRS990ScheduleD/TotalLiabilityAmt067270811
IRS990ScheduleD/TotalRevenuePerForm990Amt04850572
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04850572
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04426526
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP FOR THREE-YEAR TERMS. THE CHAIRMAN OF THE BOARD APPOINTS A NOMINATING COMMITTEE WHO WILL NOMINATE AT LEAST ONE PERSON FROM THE MEMBERSHIP FOR EACH VACANCY FOR WHICH ELECTIONS ARE BEING HELD. MEMBERS MAY ALSO BE NOMINATED BY PETITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR CPA FIRM COMPLETES THE 990 IN CONJUNCTION WITH OUR ACCOUNTING DEPARTMENT. IT IS THEN SUBMITTED TO OUR PRESIDENT/CEO AND VP OF FINANCE FOR THEIR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICIALS, OFFICERS, MANAGEMENT, AND STAFF ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. ALL INSIDERS RECEIVE SERVICES UNDER THE SAME TERMS AS ANY MEMBERS. MANAGEMENT PERFORMS A REVIEW OF POTENTIAL VENDORS PRIOR TO CONTRACTING FOR SERVICES. THIS REVIEW WOULD IDENTIFY POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPROVE THE SALARY OF THE CREDIT UNION'S PRESIDENT/CEO. THE PRESIDENT/CEO APPROVES ALL EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE PROVIDED TO MEMBERS AT THE CREDIT UNION'S ANNUAL MEETING EACH MARCH AND TO DUNN & BRADSTREET ANNUALLY IN DECEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FASB ASC 715 PENSION LIABILITY ADJUSTMENT -168,197.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CREDIT UNION HAS AN AUDIT COMMITTEE COMPRISED OF FOUR VOLUNTEERS WHO ARE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS.
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 B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2(C)
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt071977754
IRS990/TotalAssetsEOYAmt075718269
IRS990/TotalAssetsGrp/BOYAmt071977754
IRS990/TotalAssetsGrp/EOYAmt075718269
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/TotalAmt04426526
IRS990/TotalGrossUBIAmt020698
IRS990/TotalLiabilitiesBOYAmt064540518
IRS990/TotalLiabilitiesEOYAmt068025184
IRS990/TotalLiabilitiesGrp/BOYAmt064540518
IRS990/TotalLiabilitiesGrp/EOYAmt068025184
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07437236
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07693085
IRS990/TotalOtherCompensationAmt060318
IRS990/TotalProgramServiceRevenueAmt03782047
IRS990/TotalReportableCompFromOrgAmt0166885
IRS990/TotalRevenueGrp/ExclusionAmt0168016
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04661858
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04850572
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt020698
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071977754
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt075718269
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06606
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 HIGHWAY 231
IRS990/USAddress/CityNm0PANAMA CITY
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032405
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BAYCU.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY CRISP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08507856103
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0BAYC
ReturnHeader/Filer/EIN0590690964
ReturnHeader/Filer/PhoneNum08507856103
ReturnHeader/Filer/USAddress/AddressLine1Txt0601 HIGHWAY 231
ReturnHeader/Filer/USAddress/CityNm0PANAMA CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032405
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593262654
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUTTO & CARVER PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 E GOVERNMENT ST STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PENSACOLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032502

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,718,269
Liabilities
$68,025,184
Net assets
$7,693,085
Revenue
$4,850,572
Expenses
$4,426,526
Net income
$424,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$142$21.0$9.96$9.30$0.66
2022Summary only. Only limited summary data is available for this year.$169$150$18.8$7.85$6.04$1.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$107$10.9$4.46$3.81$0.65
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$96.4$10.7$4.01$3.65$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$92.0$9.83$5.72$3.58$2.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$103$7.27$4.30$3.96$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.9$75.4$7.45$4.33$4.50$0.17
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$82.4$74.8$7.58$4.60$4.56$0.05
2015Detailed filing. Detailed filing data is available for this year.$81.6$74.0$7.68$4.94$5.04$0.10
2014Detailed filing. Detailed filing data is available for this year.$75.7$68.0$7.69$4.85$4.43$0.42
2013Detailed filing. Detailed filing data is available for this year.$72.0$64.5$7.44$4.39$3.94$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.0$64.3$6.68$4.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.9$59.3$6.59$4.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$57.0$6.35$4.23
Peer Organizations

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