Civic Intelligence

First Choice Community Credit Union

990 • Fiscal year 2012 • EIN 62-0207975

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 12, 2013

Organization ProfileWWW.FIRSTCHOICECCU.ORG

View Organization Page

100 N 17th Street37921
Siviq Scores

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

Liabilities / Assets

29th percentile

0.85x

Higher debt load relative to assets than 29% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

7th percentile

-2.7%

Faster asset growth than 7% of similar nonprofits.

2012 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$37,815,587

Down $1,046,432 (-2.7%) from 2011

Net Assets

Up

$5,590,642

Up $90,154 (+1.6%) from 2011

Liabilities

Down

$32,224,945

Down $1,136,586 (-3.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,685,268

Down $298,574 (-15%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$60M$40M$20M$0Assets 2010: $36,958,043Liabilities 2010: $31,396,578Net Assets 2010: $5,561,4652010Assets 2011: $38,862,019Liabilities 2011: $33,361,531Net Assets 2011: $5,500,4882011Assets 2012: $37,815,587Liabilities 2012: $32,224,945Net Assets 2012: $5,590,6422012Assets 2013: $36,552,223Liabilities 2013: $30,871,653Net Assets 2013: $5,680,5702013Assets 2014: $36,281,197Liabilities 2014: $30,443,609Net Assets 2014: $5,837,5882014Assets 2015: $36,802,133Liabilities 2015: $30,883,627Net Assets 2015: $5,918,5062015Assets 2016: $37,700,609Liabilities 2016: $31,719,388Net Assets 2016: $5,981,2212016Assets 2017: $37,268,040Liabilities 2017: $31,235,013Net Assets 2017: $6,033,0272017Assets 2018: $36,221,658Liabilities 2018: $30,106,672Net Assets 2018: $6,114,9862018Assets 2019: $37,059,488Liabilities 2019: $30,853,792Net Assets 2019: $6,205,6962019Assets 2020: $43,942,979Liabilities 2020: $37,724,075Net Assets 2020: $6,218,9042020Assets 2021: $47,507,286Liabilities 2021: $41,356,532Net Assets 2021: $6,150,7542021Assets 2022: $49,131,715Liabilities 2022: $42,581,029Net Assets 2022: $6,550,6862022Assets 2023: $46,743,763Liabilities 2023: $39,845,328Net Assets 2023: $6,898,4352023Assets 2024: $48,717,901Liabilities 2024: $41,310,670Net Assets 2024: $7,407,2312024

Highlighted filing

2012

Assets$37,815,587
Liabilities$32,224,945
Net Assets$5,590,642
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,118,5072010Expenses 2011: $1,983,8422011Expenses 2012: $1,685,2682012Revenue 2013: $1,667,435Expenses 2013: $1,577,507Net Income 2013: $89,9282013Revenue 2014: $1,640,604Expenses 2014: $1,483,586Net Income 2014: $157,0182014Revenue 2015: $1,568,370Expenses 2015: $1,487,452Net Income 2015: $80,9182015Revenue 2016: $1,591,879Expenses 2016: $1,529,166Net Income 2016: $62,7132016Revenue 2017: $1,640,657Expenses 2017: $1,588,851Net Income 2017: $51,8062017Revenue 2018: $1,751,745Expenses 2018: $1,669,786Net Income 2018: $81,9592018Revenue 2019: $1,834,349Expenses 2019: $1,743,639Net Income 2019: $90,7102019Revenue 2020: $1,656,543Expenses 2020: $1,643,336Net Income 2020: $13,2072020Revenue 2021: $1,528,915Expenses 2021: $1,597,066Net Income 2021: -$68,1512021Revenue 2022: $2,083,179Expenses 2022: $1,683,245Net Income 2022: $399,9342022Revenue 2023: $2,086,607Expenses 2023: $1,738,858Net Income 2023: $347,7492023Revenue 2024: $2,484,685Expenses 2024: $1,975,888Net Income 2024: $508,7972024

Highlighted filing

2012

Revenue-
Expenses$1,685,268
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 12, 2013
Return Version
2012v2.1
Gross Receipts
$1,775,422
Mission and Program Overview

Mission

State chartered credit union mutually owned by our 4,700 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

Filing and Contact Details

Filer

EIN
62-0207975
Raw XML AppendixShowing 400 of 421 raw XML fields

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IRS990ScheduleD/InvestmentsProgramRelated/Description0S&Ls MUTUAL SAVINGS BANK
IRS990ScheduleD/InvestmentsProgramRelated/Description1CORPORATE CREDIT UNIONS
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IRS990ScheduleO/GeneralExplanation/Explanation0A STATE CHARTERED CREDIT UNION IS GOVERNED BY ITS CHARTER AND BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/GeneralExplanation/Explanation3UNDER THE BYLAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION, AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED AND COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE FORM 990 WAS PROVIDED TO THE CEO AND CFO FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation8THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation9UPON REQUEST, COPIES OF THE CREDIT UNION9S ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/GeneralExplanation/Explanation10WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS9 REVIEW.
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IRS990ScheduleO/GeneralExplanation/Identifier1O02
IRS990ScheduleO/GeneralExplanation/Identifier2O03
IRS990ScheduleO/GeneralExplanation/Identifier3O04
IRS990ScheduleO/GeneralExplanation/Identifier4O05
IRS990ScheduleO/GeneralExplanation/Identifier5O06
IRS990ScheduleO/GeneralExplanation/Identifier6O07
IRS990ScheduleO/GeneralExplanation/Identifier7O08
IRS990ScheduleO/GeneralExplanation/Identifier8O09
IRS990ScheduleO/GeneralExplanation/Identifier9O10
IRS990ScheduleO/GeneralExplanation/Identifier10O11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Member election for additional members Part VI line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Governing body decisions Part VI line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/GeneralExplanation/ReturnReference4Committee meeting documentation Part VI line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990 governing body review Part VI line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference7CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference8Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/GeneralExplanation/ReturnReference9Form 990 availability to public Part VI line 18
IRS990ScheduleO/GeneralExplanation/ReturnReference10Governing documents etc available to public Part VI line 19
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IRS990/TotalAssets/BOY038862019
IRS990/TotalAssetsBOY038862019
IRS990/TotalAssets/EOY037815587
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IRS990/TotalExpensesCurrentYear01685268
IRS990/TotalExpensesPriorYear01983842
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IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices01685268
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IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01775422
IRS990/TotalRevenue/TotalRevenueColumn01775422
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IRS990/WebSite0WWW.FIRSTCHOICECCU.ORG
IRS990/WhistleblowerPolicy0false
IRS990/YearFormation01934
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0620207975
ReturnHeader/Filer/Name/BusinessNameLine10FIRST CHOICE COMMUNITY CREDIT UNION
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ReturnHeader/Filer/USAddress/AddressLine10100 N 17TH STREET
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Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$37,815,587
Liabilities
$32,224,945
Net assets
$5,590,642
Revenue
-
Expenses
$1,685,268
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.7$41.3$7.41$2.48$1.98$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.7$39.8$6.90$2.09$1.74$0.35
2022Detailed filing. Detailed filing data is available for this year.$49.1$42.6$6.55$2.08$1.68$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.5$41.4$6.15$1.53$1.60$0.07
2020Detailed filing. Detailed filing data is available for this year.$43.9$37.7$6.22$1.66$1.64$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$30.9$6.21$1.83$1.74$0.09
2018Detailed filing. Detailed filing data is available for this year.$36.2$30.1$6.11$1.75$1.67$0.08
2017Detailed filing. Detailed filing data is available for this year.$37.3$31.2$6.03$1.64$1.59$0.05
2016Detailed filing. Detailed filing data is available for this year.$37.7$31.7$5.98$1.59$1.53$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$30.9$5.92$1.57$1.49$0.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$30.4$5.84$1.64$1.48$0.16
2013Detailed filing. Detailed filing data is available for this year.$36.6$30.9$5.68$1.67$1.58$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$32.2$5.59$1.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.9$33.4$5.50$1.98
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.0$31.4$5.56$2.12