Civic Intelligence

Hello Credit Union

990 • Fiscal year 2017 • EIN 59-0690964

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 15, 2019

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

79th percentile

0.91x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

17.42x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

11th percentile

-3.8%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$126,224

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

24th percentile

0.6%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-5.9%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$82,887,206

Up $507,676 (+0.6%) from 2016

Net Assets

Down

$7,449,665

Down $134,073 (-1.8%) from 2016

Liabilities

Up

$75,437,541

Up $641,749 (+0.9%) from 2016

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin11th percentile

Revenue

Down

$4,331,558

Down $272,176 (-5.9%) from 2016

Expenses

Down

$4,496,849

Down $61,430 (-1.3%) from 2016

Net Income

Down

-$165,291

Down $210,746 (-464%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2017

Assets$82,887,206
Liabilities$75,437,541
Net Assets$7,449,665
Open 2017 Filing

Operations Trend

Revenue Growth5th 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

2017

Revenue$4,331,558
Expenses$4,496,849
Net Income-$165,291
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$4,331,558
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$55,466,661$53,654,053▼ $1,812,608
Savings and Temporary Cash Investments$17,735,641$17,044,053▼ $691,588
Rtn Earn Endowment Incm Other Fnds$7,583,738$7,449,665▼ $134,073
Cash and Non-Interest-Bearing Accounts$2,871,865$6,009,935▲ $3,138,070
Land, Buildings, and Equipment, Net$3,670,582$3,494,772▼ $175,810
Prepaid Expenses and Deferred Charges$1,424,175$1,483,767▲ $59,592
Accounts Receivable$3,963$2,918▼ $1,045
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$82,379,530$82,887,206▲ $507,676
Other Assets Total$1,206,643$1,197,708▼ $8,935
Liabilities
Other Liabilities$74,412,689$75,038,564▲ $625,875
Accounts Payable and Accrued Expenses$383,103$398,977▲ $15,874
Total Liabilities$74,795,792$75,437,541▲ $641,749
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,583,738$7,449,665▼ $134,073
Total Liabilities and Net Assets / Fund Balance$82,379,530$82,887,206▲ $507,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,506,857$1,547,451$4,054,308
Other Land Buildings$257,677$1,063,484$1,321,161
Land$730,238-$730,238
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin MontgomeryVP of Finance, Ending Oct 2017FT$79,507$46,717$126,224
Ray CrispPresident/CEO, Ending Oct 2017FT$104,838$18,541$123,379
Robert LittlePresident/CEO, Starting Oct 2017FT$26,000$578$26,578
Stefania JonesVP/CFO, Starting Oct 2017FT$19,385-$19,385

Board Members and Trustees

NameTitle
Gary D BlissChairperson
Richard MaxwellVice-chairperson
Charles CunninghamBoard Member
Dallas ShawBoard Member
Frank GillmoreBoard Member
Kelli GarrettBoard Member
Jim MannSecretary
Charles AtkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,031,030
Investment Income
$251,086
Other Revenue
$1,049,442
Change in Net Assets
$-165,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,331,558
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,331,558
Total Revenue per Form 990
$4,331,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,610,290
Salaries, Compensation, and Employee Benefits$1,886,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,231,368
Information Technology---$355,000
Office Expenses---$350,936
Current Officers, Directors, Trustees, and Key Employees---$295,566
All Other Expenses---$263,690
Interest---$238,785
Depreciation Depletion---$203,245
Payroll Taxes---$181,813
Other Employee Benefits---$177,812
Occupancy---$133,883
Insurance---$53,160
Other Expenses---$50,475
Fees for Services Accounting---$43,100
Advertising---$37,122
Conferences and Meetings---$36,986
Fees for Services Legal---$9,110
Travel---$6,253
Total Functional Expenses$0$0$0$4,496,849

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,496,849
Total Expenses per Audited Statements$4,496,849
Total Expenses per Form 990$4,496,849
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$75,036,031
Dividends Payable$2,533
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
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 11B

“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
Robert a Little
Title
President/CEO
Phone
8507856103
Signed
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert a Little
Formed
1952
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
50
Volunteers
7

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

FORM 990, PART XI, LINE 9:

“Fasb asc 715 pension liability adjustment 125,911.”

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, 2017, 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 2014.”

Raw XML AppendixShowing 400 of 416 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/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0133883
IRS990/OfficeExpensesGrp/TotalAmt0350936
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01206643
IRS990/OtherAssetsTotalGrp/EOYAmt01197708
IRS990/OtherChangesInNetAssetsAmt0125911
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0177812
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1VISA EXPENSE
IRS990/OtherExpensesGrp/Desc2ATM EXPENSE
IRS990/OtherExpensesGrp/Desc3COLLECTION EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0534028
IRS990/OtherExpensesGrp/TotalAmt1191762
IRS990/OtherExpensesGrp/TotalAmt2102755
IRS990/OtherExpensesGrp/TotalAmt350475
IRS990/OtherLiabilitiesGrp/BOYAmt074412689
IRS990/OtherLiabilitiesGrp/EOYAmt075038564
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1FOREIGN ATM FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01017699
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01017699
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt131743
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt031743
IRS990/OtherRevenueTotalAmt01049442
IRS990/OtherSalariesAndWagesGrp/TotalAmt01231368
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt055466661
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt053654053
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0181813
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01424175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01483767
IRS990/PrincipalOfficerNm0ROBERT A LITTLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03031030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03031030
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/PYInvestmentIncomeAmt0241261
IRS990/PYOtherExpensesAmt02601042
IRS990/PYOtherRevenueAmt0951083
IRS990/PYProgramServiceRevenueAmt03411390
IRS990/PYRevenuesLessExpensesAmt045455
IRS990/PYSalariesCompEmpBnftPaidAmt01957237
IRS990/PYTotalExpensesAmt04558279
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04603734
IRS990/ReconcilationRevenueExpnssAmt0-165291
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07583738
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07449665
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017735641
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017044053
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02506857
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01547451
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04054308
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04496849
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0730238
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0730238
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0257677
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01063484
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01321161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075036031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSIT ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DIVIDENDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04331558
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, 2017, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03494772
IRS990ScheduleD/TotalExpensesPerForm990Amt04496849
IRS990ScheduleD/TotalLiabilityAmt075038564
IRS990ScheduleD/TotalRevenuePerForm990Amt04331558
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04331558
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04496849
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 125,911.
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 11B
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/TotalAssetsBOYAmt082379530
IRS990/TotalAssetsEOYAmt082887206
IRS990/TotalAssetsGrp/BOYAmt082379530
IRS990/TotalAssetsGrp/EOYAmt082887206
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/TotalAmt04496849
IRS990/TotalGrossUBIAmt031743
IRS990/TotalLiabilitiesBOYAmt074795792
IRS990/TotalLiabilitiesEOYAmt075437541
IRS990/TotalLiabilitiesGrp/BOYAmt074795792
IRS990/TotalLiabilitiesGrp/EOYAmt075437541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07583738
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07449665
IRS990/TotalOtherCompensationAmt065836
IRS990/TotalProgramServiceRevenueAmt03031030
IRS990/TotalReportableCompFromOrgAmt0229730
IRS990/TotalRevenueGrp/ExclusionAmt0251086
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04048729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04331558
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt031743
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt082379530
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082887206
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06253
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT A LITTLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08507856103
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0024EF3AB430A43B3C5FF45BED95884387026A8C9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.136.244.2
ReturnHeader/FilingSecurityInformation/IPDt02019-02-15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,887,206
Liabilities
$75,437,541
Net assets
$7,449,665
Revenue
$4,331,558
Expenses
$4,496,849
Net income
-$165,291
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
2017Detailed filing. Detailed filing data is available for this year.$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

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $50M-$100M nonprofits