Civic Intelligence

Agility Financial Credit Union

EIN 62-0116612 • 501(c)14 • Memphis, TN

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Profile

To provide services for approximately 952 members in the form of loans, savings, and other financial services.

2678 MT Moriah Terrace CoveMemphis, TN 38115

n/A

Siviq Scores

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

Liabilities / Assets

69th percentile

0.90x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

22.30x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Net Margin

41st percentile

3.8%

Higher net margin than 41% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

5th percentile

-14%

Faster asset growth than 5% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-6.2%

Faster revenue growth than 15% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$0

Down $10,188,037 (-100%) from 2016

Liabilities

Down

$0

Down $9,127,150 (-100%) from 2016

Net Assets

Down

$0

Down $1,060,887 (-100%) from 2016

Operations
Liabilities / Revenue71st percentileNet Margin41st percentile

Revenue

Down

$193,144

Down $216,084 (-53%) from 2016

Expenses

Down

$359,668

Down $33,892 (-8.6%) from 2016

Net Income

Down

-$166,524

Down $182,192 (-1163%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

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

$15M$10M$5.0M$0Assets 2011: $9,891,894Liabilities 2011: $8,786,339Net Assets 2011: $1,105,5552011Assets 2012: $10,055,223Liabilities 2012: $8,937,453Net Assets 2012: $1,117,7702012Assets 2013: $10,001,781Liabilities 2013: $8,883,204Net Assets 2013: $1,118,5772013Assets 2014: $9,809,707Liabilities 2014: $8,738,340Net Assets 2014: $1,071,3672014Assets 2015: $11,819,829Liabilities 2015: $10,774,610Net Assets 2015: $1,045,2192015Assets 2016: $10,188,037Liabilities 2016: $9,127,150Net Assets 2016: $1,060,8872016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $447,1272011Expenses 2012: $396,0762012Revenue 2013: $419,412Expenses 2013: $412,583Net Income 2013: $6,8292013Revenue 2014: $444,380Expenses 2014: $491,592Net Income 2014: -$47,2122014Revenue 2015: $436,101Expenses 2015: $462,248Net Income 2015: -$26,1472015Revenue 2016: $409,228Expenses 2016: $393,560Net Income 2016: $15,6682016Revenue 2017: $193,144Expenses 2017: $359,668Net Income 2017: -$166,5242017

Highlighted filing

2017

Revenue$193,144
Expenses$359,668
Net Income-$166,524
Open 2017 Filing

Filings

Most recent year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$193,144
Expenses
$359,668
Net income
-$166,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.19$0.36$0.17
2016Detailed filing. Detailed filing data is available for this year.$10.2$9.13$1.06$0.41$0.39$0.02
2015Detailed filing. Detailed filing data is available for this year.$11.8$10.8$1.05$0.44$0.46$0.03
2014Detailed filing. Detailed filing data is available for this year.$9.81$8.74$1.07$0.44$0.49$0.05
2013Detailed filing. Detailed filing data is available for this year.$10.0$8.88$1.12$0.42$0.41$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$8.94$1.12$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$8.79$1.11$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Jul 1, 2017
Signed
Jan 22, 2018
Return Version
2017v2.2
Gross Receipts
$193,144
Mission and Program Overview

Mission

To provide services for approximately 1,231 members in the form of loans, savings, and other financial services.

To provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,302,768$0▼ $5,302,768
Accounts Receivable$3,368,306$0▼ $3,368,306
Rtn Earn Endowment Incm Other Fnds$828,100$0▼ $828,100
Cash and Non-Interest-Bearing Accounts$810,630$0▼ $810,630
Savings and Temporary Cash Investments$498,000$0▼ $498,000
Cap Stk Tr Prin Current Funds$232,787$0▼ $232,787
Prepaid Expenses and Deferred Charges$83,399$0▼ $83,399
Land, Buildings, and Equipment, Net$11,122$0▼ $11,122
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$10,188,037$0▼ $10,188,037
Other Assets Total$113,812$0▼ $113,812
Liabilities
Other Liabilities$9,005,110$0▼ $9,005,110
Accounts Payable and Accrued Expenses$122,040$0▼ $122,040
Total Liabilities$9,127,150$0▼ $9,127,150
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,060,887$0▼ $1,060,887
Total Liabilities and Net Assets / Fund Balance$10,188,037$0▼ $10,188,037
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
S Kay MimsCEOFT$44,704$44,704

Board Members and Trustees

NameTitle
William HughesChairman
David MinnerSupervisory Committee Chair
Leroy SmithVice Chairman
Bernadetta CrawfordBoard Member
Stanley CarrollTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$118,042
Investment Income
$41,132
Other Revenue
$33,970
Change in Net Assets
$-166,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,001
Salaries, Compensation, and Employee Benefits$85,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$185,515
Current Officers, Directors, Trustees, and Key Employees---$44,704
Other Salaries and Wages---$24,506
Occupancy---$13,207
All Other Expenses---$9,360
Pension Plan Contributions---$7,505
Other Expenses---$7,414
Interest---$7,136
Office Expenses---$7,123
Payroll Taxes---$5,448
Other Employee Benefits---$3,504
Depreciation Depletion---$183
Conferences and Meetings---$154
Travel---$105
Total Functional Expenses$0$0$0$359,668
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

“The credit union is owned by the members.”

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

“The board of directors is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

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

“Some decisions made by the board of directors are affirmed by the members.”

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

“The form 990 is reviewed by management. The form 990 is available for review by the board of directors upon request.”

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

“The board of directors is responsible for monitoring and enforcing the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Agility Financial Credit Union
EIN
62-0116612
Phone
9013281162
Address
2678 MT MORIAH TERRACE COVE, MEMPHIS, TN 38115

Signing Officer

Name
Kenneth Swann
Title
President/CEO
Phone
9013281162
Signed
2018-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Swann
Formed
1933
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Reynolds Bone & Griesbeck Plc
Address
5100 WHEELIS DRIVE SUITE 300, MEMPHIS, TN 38117-4568
Preparer
Paul B Berryhill
Phone
9016822431
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Provision for loan loss 5,150. Dues & subscriptions 2,475. Examination fees 1,670. Prof. & outside services 65.”

FORM 990, PART XI, LINE 9:

“Fair value adjustments -537,299. Equity acquired in merger -357,064.”

Form 990

“Section 1.263(a)-1(f) de minimis safe harbor election agility financial credit union 2678 mt. Moriah terrace cove memphis, tn 38115 employer identification number: 62-0116612 for the year ending july 1, 2017 agility financial credit union is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

Form 990, Part XI, Line 9

“Effective july 1, 2017, the taxpayer, agility financial credit union, merged into memphis city employees credit union (ein: 62-06306900). Memphis city employees credit union acquired all assets and assumed all liabilities of the taxpayer, and the taxpayer ceased operations. A copy of the certificate of merger and other merger documents have been attached to this form 990.”

Raw XML AppendixShowing 400 of 432 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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4NCUA SHARE INSURANCE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5ACCRUED INTEREST RECEIVABLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt6MEMPHIS CITY EMPLOYEES CU
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt62017-07-01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN5620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN6620630690
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01074859
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt12849684
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt273768
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt35478000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt490051
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt56968
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt6100165
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt5501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt6501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt6BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt12678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt22678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt32678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt42678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt52678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt62678 MT MORIAH TERRACE COVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm6MEMPHIS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd6TN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd038115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd138115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd238115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd338115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd438115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd538115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd638115
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: AFTER THE MERGER, WILLIAM HUGHES WAS RETAINED AS AN ADVISOR TO THE MEMPHIS CITY EMPLOYEES CREDIT UNION BOARD OF DIRECTORS. HOWEVER, THIS IS A VOLUNTEER POSITION WITH NO VOTING AUTHORITY. IN ADDITION, S. KAY MIMS BECAME AN EMPLOYEE OF MEMPHIS CITY EMPLOYEES CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1ALL LIABILITIES OF AGILITY FINANCIAL CREDIT UNION WERE ASSUMED BY THE SURVIVING CREDIT UNION, MEMPHIS CITY EMPLOYEES CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 6C:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY MANAGEMENT. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROVISION FOR LOAN LOSS 5,150. DUES & SUBSCRIPTIONS 2,475. EXAMINATION FEES 1,670. PROF. & OUTSIDE SERVICES 65.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FAIR VALUE ADJUSTMENTS -537,299. EQUITY ACQUIRED IN MERGER -357,064.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION AGILITY FINANCIAL CREDIT UNION 2678 MT. MORIAH TERRACE COVE MEMPHIS, TN 38115 EMPLOYER IDENTIFICATION NUMBER: 62-0116612 FOR THE YEAR ENDING JULY 1, 2017 AGILITY FINANCIAL CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9EFFECTIVE JULY 1, 2017, THE TAXPAYER, AGILITY FINANCIAL CREDIT UNION, MERGED INTO MEMPHIS CITY EMPLOYEES CREDIT UNION (EIN: 62-06306900). MEMPHIS CITY EMPLOYEES CREDIT UNION ACQUIRED ALL ASSETS AND ASSUMED ALL LIABILITIES OF THE TAXPAYER, AND THE TAXPAYER CEASED OPERATIONS. A COPY OF THE CERTIFICATE OF MERGER AND OTHER MERGER DOCUMENTS HAVE BEEN ATTACHED TO THIS FORM 990.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt010188037
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt010188037
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359668
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09127150
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt09127150
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01060887
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0359668
IRS990/TotalProgramServiceRevenueAmt0118042
IRS990/TotalReportableCompFromOrgAmt044704
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0193144
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0193144
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010188037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0105
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02678 MT MORIAH TERRACE COVE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038115
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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