Civic Intelligence

Kimberly Clark Credit Union

990 • Fiscal year 2017 • EIN 62-0497719

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 01, 2018

Organization ProfileWWW.KIMBERLYCLARKCU.ORG

View Organization Page

1520 North Second StreetMemphis, TN 38107

(901) 521-4646

Siviq Scores

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

Liabilities / Assets

9th percentile

0.76x

Higher debt load relative to assets than 9% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

13.66x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$892,509

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

11th percentile

-0.4%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

5.1%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$109,187,624

Down $479,968 (-0.4%) from 2016

Net Assets

Up

$26,246,741

Up $1,031,570 (+4.1%) from 2016

Liabilities

Down

$82,940,883

Down $1,511,538 (-1.8%) from 2016

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin76th percentile

Revenue

Up

$6,072,205

Up $295,163 (+5.1%) from 2016

Expenses

Up

$5,040,635

Up $68,925 (+1.4%) from 2016

Net Income

Up

$1,031,570

Up $226,238 (+28%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$150M$100M$50M$0Assets 2010: $94,411,235Liabilities 2010: $75,845,955Net Assets 2010: $18,565,2802010Assets 2011: $97,281,186Liabilities 2011: $77,710,800Net Assets 2011: $19,570,3862011Assets 2012: $101,374,735Liabilities 2012: $80,360,124Net Assets 2012: $21,014,6112012Assets 2013: $103,720,881Liabilities 2013: $81,174,862Net Assets 2013: $22,546,0192013Assets 2014: $105,230,562Liabilities 2014: $81,508,171Net Assets 2014: $23,722,3912014Assets 2015: $106,611,480Liabilities 2015: $82,201,640Net Assets 2015: $24,409,8402015Assets 2016: $109,667,592Liabilities 2016: $84,452,421Net Assets 2016: $25,215,1712016Assets 2017: $109,187,624Liabilities 2017: $82,940,883Net Assets 2017: $26,246,7412017Assets 2018: $112,629,149Liabilities 2018: $85,278,942Net Assets 2018: $27,350,2072018Assets 2019: $114,983,411Liabilities 2019: $86,897,600Net Assets 2019: $28,085,8112019Assets 2020: $124,796,358Liabilities 2020: $96,146,487Net Assets 2020: $28,649,8712020Assets 2021: $129,520,651Liabilities 2021: $100,326,008Net Assets 2021: $29,194,6432021Assets 2022: $132,407,018Liabilities 2022: $102,211,886Net Assets 2022: $30,195,1322022Assets 2023: $134,933,119Liabilities 2023: $103,982,179Net Assets 2023: $30,950,9402023Assets 2024: $141,378,690Liabilities 2024: $110,037,358Net Assets 2024: $31,341,3322024

Highlighted filing

2017

Assets$109,187,624
Liabilities$82,940,883
Net Assets$26,246,741
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

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

$10M$5.0M$0Expenses 2010: $5,486,7702010Revenue 2011: $6,222,899Expenses 2011: $5,217,792Net Income 2011: $1,005,1072011Expenses 2012: $4,620,6982012Revenue 2013: $5,871,081Expenses 2013: $4,339,673Net Income 2013: $1,531,4082013Revenue 2014: $5,888,879Expenses 2014: $4,712,509Net Income 2014: $1,176,3702014Revenue 2015: $5,544,115Expenses 2015: $4,856,667Net Income 2015: $687,4482015Revenue 2016: $5,777,042Expenses 2016: $4,971,710Net Income 2016: $805,3322016Revenue 2017: $6,072,205Expenses 2017: $5,040,635Net Income 2017: $1,031,5702017Revenue 2018: $6,273,571Expenses 2018: $5,170,106Net Income 2018: $1,103,4652018Revenue 2019: $6,330,119Expenses 2019: $5,594,514Net Income 2019: $735,6052019Revenue 2020: $6,004,605Expenses 2020: $5,440,544Net Income 2020: $564,0612020Revenue 2021: $5,711,936Expenses 2021: $5,167,163Net Income 2021: $544,7732021Revenue 2022: $6,309,687Expenses 2022: $5,309,200Net Income 2022: $1,000,4872022Revenue 2023: $7,706,688Expenses 2023: $6,950,881Net Income 2023: $755,8072023Revenue 2024: $8,442,222Expenses 2024: $8,051,832Net Income 2024: $390,3902024

Highlighted filing

2017

Revenue$6,072,205
Expenses$5,040,635
Net Income$1,031,570
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 1, 2018
Return Version
2017v2.2
Gross Receipts
$6,072,205
Mission and Program Overview

Mission

Credit union - to provide services for approximately 8,210 members in the form of loans, savings, and other financial services.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$69,837,835$71,101,465▲ $1,263,630
Investments Other Securities$21,229,310$23,442,856▲ $2,213,546
Rtn Earn Endowment Incm Other Fnds$21,645,171$22,576,741▲ $931,570
Cash and Non-Interest-Bearing Accounts$13,421,150$10,099,789▼ $3,321,361
Cap Stk Tr Prin Current Funds$3,570,000$3,670,000▲ $100,000
Savings and Temporary Cash Investments$3,771,945$2,965,307▼ $806,638
Land, Buildings, and Equipment, Net$259,686$277,442▲ $17,756
Prepaid Expenses and Deferred Charges$75,511$69,823▼ $5,688
Total Assets$109,667,592$109,187,624▼ $479,968
Other Assets Total$1,072,155$1,230,942▲ $158,787
Liabilities
Other Liabilities$82,931,712$82,047,033▼ $884,679
Accounts Payable and Accrued Expenses$1,520,709$893,850▼ $626,859
Total Liabilities$84,452,421$82,940,883▼ $1,511,538
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,215,171$26,246,741▲ $1,031,570
Total Liabilities and Net Assets / Fund Balance$109,667,592$109,187,624▼ $479,968

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$73,948$1,136,000$1,209,948
Equipment$133,155$956,520$1,089,675
Land$70,339-$70,339
Other Securities$760,283--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel ForbessPresident/ceFT$176,948$715,561$892,509
-President/CEO-$155,880$736,629$892,509
Warrie WilliamsExecutive VPFT$101,823$42,684$144,507

Board Members and Trustees

NameTitle
Robert DonaldsonBoard Chairm
Carla RileyBoard Vice-c
-Director
-Associate Di
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,683,408
Investment Income
$764,222
Other Revenue
$624,575
Change in Net Assets
$1,031,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,072,205
Total Revenue per Audited Statements
$6,072,205
Total Revenue per Form 990
$6,072,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,615,519
Salaries, Compensation, and Employee Benefits$2,425,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,554,562-$1,554,562
Interest-$681,209-$681,209
Office Expenses-$498,227-$498,227
Pension Plan Contributions-$377,597-$377,597
Other Employee Benefits-$372,740-$372,740
Occupancy-$150,019-$150,019
Payroll Taxes-$120,217-$120,217
All Other Expenses-$97,177-$97,177
Conferences and Meetings-$88,931-$88,931
Other Expenses-$74,896-$74,896
Total Functional Expenses$0$5,040,635$0$5,040,635

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,040,635
Total Expenses per Audited Statements$5,040,635
Total Expenses per Form 990$5,040,635
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,000
Total Exempt Function Spending$1,000

Section 527 Organizations

OrganizationLocationAmount
46-2728395Chattanooga, TN$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$45,942,769
Regular Shares$30,466,538
Share Drafts$5,637,726
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, 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, Page 6, Part VI, Line 7B

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

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

“The board of directors monitor and enforce the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors use a comparison of small credit union compensation.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

Filer Name
Kimberly Clark Credit Union
EIN
62-0497719
Phone
9015214646
Address
1520 NORTH SECOND STREET, MEMPHIS, TN 38107

Signing Officer

Name
Janice Welch
Title
President/CEO
Phone
9015214646
Signed
2018-03-01
Discuss with paid preparer
Yes

Organization Details

Formed
1947
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
29
Volunteers
9

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
2054372133
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit union does not have any unrelated business income.”

Form 990, Part XI, Line 9

“Inc 4th qtr 2016 less 4th qtr 2015 0 exp 4th qtr 2016 less 4th qtr 2015 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Inc 4th qtr 2016 less 4th qtr 2015 0”

Schedule D, Page 4, Part XII, Line 2D

“Exp 4th qtr 2016 less 4th qtr 2015 0”

Raw XML AppendixShowing 400 of 450 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/MissionDesc0CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 10,202 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025215171
IRS990/NetAssetsOrFundBalancesEOYAmt026246741
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0150019
IRS990/OccupancyGrp/TotalAmt0150019
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0498227
IRS990/OfficeExpensesGrp/TotalAmt0498227
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01072155
IRS990/OtherAssetsTotalGrp/EOYAmt01230942
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0372740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0372740
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3MISC EXP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0607503
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1337500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt280057
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt374896
IRS990/OtherExpensesGrp/TotalAmt0607503
IRS990/OtherExpensesGrp/TotalAmt1337500
IRS990/OtherExpensesGrp/TotalAmt280057
IRS990/OtherExpensesGrp/TotalAmt374896
IRS990/OtherLiabilitiesGrp/BOYAmt082931712
IRS990/OtherLiabilitiesGrp/EOYAmt082047033
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1GAIN ON INVESTMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0616096
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt18479
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0616096
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18479
IRS990/OtherRevenueTotalAmt0624575
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01554562
IRS990/OtherSalariesAndWagesGrp/TotalAmt01554562
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0120217
IRS990/PayrollTaxesGrp/TotalAmt0120217
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0377597
IRS990/PensionPlanContributionsGrp/TotalAmt0377597
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075511
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069823
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JANICE WELCH
IRS990/PrincipalOfcrBusinessName/BusinessNameLine2Txt0JANICE WELCH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04227453
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1455955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04227453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1455955
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0681209
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0571925
IRS990/PYOtherExpensesAmt02560074
IRS990/PYOtherRevenueAmt0580103
IRS990/PYProgramServiceRevenueAmt04625014
IRS990/PYRevenuesLessExpensesAmt0805332
IRS990/PYSalariesCompEmpBnftPaidAmt02411636
IRS990/PYTotalExpensesAmt04971710
IRS990/PYTotalRevenueAmt05777042
IRS990/ReconcilationRevenueExpnssAmt01031570
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt021645171
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt022576741
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03771945
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02965307
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt01000
IRS990ScheduleC/PoliticalExpendituresAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0462728395
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0TENNESSEE CREDIT UNION LEAGUE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt01000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01317 HICKORY VALLEY RD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CHATTANOOGA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd037412
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTION TO THE TENNESSEE CREDIT UNION LEAGUE PAC
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt01000
IRS990ScheduleD/BuildingsGrp/BookValueAmt073948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01136000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01209948
IRS990ScheduleD/EquipmentGrp/BookValueAmt0133155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0956520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01089675
IRS990ScheduleD/ExpensesSubtotalAmt05040635
IRS990ScheduleD/LandGrp/BookValueAmt070339
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045942769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130466538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25637726
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt022682573
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1760283
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID IN CAPITAL - VCCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueSubtotalAmt06072205
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INC 4TH QTR 2016 LESS 4TH QTR 2015 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXP 4TH QTR 2016 LESS 4TH QTR 2015 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0277442
IRS990ScheduleD/TotalBookValueSecuritiesAmt023442856
IRS990ScheduleD/TotalExpensesPerForm990Amt05040635
IRS990ScheduleD/TotalLiabilityAmt082047033
IRS990ScheduleD/TotalRevenuePerForm990Amt06072205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06072205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05040635
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount017806
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0JANICE WELCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine2Txt0JANICE WELCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0715561
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03262
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0892509
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY THE MANAGER. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS USE A COMPARISON OF SMALL CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INC 4TH QTR 2016 LESS 4TH QTR 2015 0 EXP 4TH QTR 2016 LESS 4TH QTR 2015 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0109667592
IRS990/TotalAssetsEOYAmt0109187624
IRS990/TotalAssetsGrp/BOYAmt0109667592
IRS990/TotalAssetsGrp/EOYAmt0109187624
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05040635
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt05040635
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084452421
IRS990/TotalLiabilitiesEOYAmt082940883
IRS990/TotalLiabilitiesGrp/BOYAmt084452421
IRS990/TotalLiabilitiesGrp/EOYAmt082940883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025215171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026246741
IRS990/TotalOtherCompensationAmt0758245
IRS990/TotalProgramServiceExpensesAmt05040635
IRS990/TotalProgramServiceRevenueAmt04683408
IRS990/TotalReportableCompFromOrgAmt0278771
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06072205

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$109,187,624
Liabilities
$82,940,883
Net assets
$26,246,741
Revenue
$6,072,205
Expenses
$5,040,635
Net income
$1,031,570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$141$110$31.3$8.44$8.05$0.39
2023Detailed filing. Detailed filing data is available for this year.$135$104$31.0$7.71$6.95$0.76
2022Detailed filing. Detailed filing data is available for this year.$132$102$30.2$6.31$5.31$1.00
2021Detailed filing. Detailed filing data is available for this year.$130$100$29.2$5.71$5.17$0.54
2020Detailed filing. Detailed filing data is available for this year.$125$96.1$28.6$6.00$5.44$0.56
2019Detailed filing. Detailed filing data is available for this year.$115$86.9$28.1$6.33$5.59$0.74
2018Detailed filing. Detailed filing data is available for this year.$113$85.3$27.4$6.27$5.17$1.10
2017Detailed filing. Detailed filing data is available for this year.$109$82.9$26.2$6.07$5.04$1.03
2016Detailed filing. Detailed filing data is available for this year.$110$84.5$25.2$5.78$4.97$0.81
2015Detailed filing. Detailed filing data is available for this year.$107$82.2$24.4$5.54$4.86$0.69
2014Detailed filing. Detailed filing data is available for this year.$105$81.5$23.7$5.89$4.71$1.18
2013Detailed filing. Detailed filing data is available for this year.$104$81.2$22.5$5.87$4.34$1.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$80.4$21.0$4.62
2011Summary only. Only limited summary data is available for this year.$97.3$77.7$19.6$6.22$5.22$1.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.4$75.8$18.6$5.49