Civic Intelligence

Lowland Credit Union

990 • Fiscal year 2012 • EIN 62-0671754

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 29, 2013

Organization ProfileWWW.LOWLANDCU.ORG

View Organization Page

622 West First North Street37814
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.90x

Higher debt load relative to assets than 53% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M 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

25th percentile

2.2%

Faster asset growth than 25% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M 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 / Assets53rd percentile

Assets

Up

$77,863,801

Up $1,643,907 (+2.2%) from 2011

Net Assets

Down

$7,914,114

Down $55,470 (-0.7%) from 2011

Liabilities

Up

$69,949,687

Up $1,699,377 (+2.5%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,215,473

Up $228,736 (+5.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$150M$100M$50M$0Assets 2010: $71,267,426Liabilities 2010: $63,939,253Net Assets 2010: $7,328,1732010Assets 2011: $76,219,894Liabilities 2011: $68,250,310Net Assets 2011: $7,969,5842011Assets 2012: $77,863,801Liabilities 2012: $69,949,687Net Assets 2012: $7,914,1142012Assets 2013: $78,379,046Liabilities 2013: $71,770,901Net Assets 2013: $6,608,1452013Assets 2014: $84,311,753Liabilities 2014: $76,629,369Net Assets 2014: $7,682,3842014Assets 2015: $88,142,869Liabilities 2015: $80,168,390Net Assets 2015: $7,974,4792015Assets 2016: $89,540,181Liabilities 2016: $81,481,986Net Assets 2016: $8,058,1952016Assets 2017: $95,603,786Liabilities 2017: $87,667,985Net Assets 2017: $7,935,8012017Assets 2018: $99,774,083Liabilities 2018: $91,808,083Net Assets 2018: $7,966,0002018Assets 2019: $101,562,531Liabilities 2019: $93,254,571Net Assets 2019: $8,307,9602019Assets 2020: $116,265,652Liabilities 2020: $107,429,504Net Assets 2020: $8,836,1482020Assets 2021: $135,120,699Liabilities 2021: $125,973,672Net Assets 2021: $9,147,0272021Assets 2022: $136,475,491Liabilities 2022: $129,063,396Net Assets 2022: $7,412,0952022Assets 2023: $136,967,195Liabilities 2023: $129,736,282Net Assets 2023: $7,230,9132023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2012

Assets$77,863,801
Liabilities$69,949,687
Net Assets$7,914,114
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MExpenses 2010: $4,405,0372010Expenses 2011: $3,986,7372011Expenses 2012: $4,215,4732012Revenue 2013: $3,951,203Expenses 2013: $3,928,414Net Income 2013: $22,7892013Revenue 2014: $3,769,808Expenses 2014: $3,746,807Net Income 2014: $23,0012014Revenue 2015: $3,694,239Expenses 2015: $3,583,087Net Income 2015: $111,1522015Revenue 2016: $3,717,628Expenses 2016: $3,805,165Net Income 2016: -$87,5372016Revenue 2017: $4,132,700Expenses 2017: $4,262,338Net Income 2017: -$129,6382017Revenue 2018: $4,463,236Expenses 2018: $4,524,440Net Income 2018: -$61,2042018Revenue 2019: $4,976,678Expenses 2019: $4,608,467Net Income 2019: $368,2112019Revenue 2020: $5,062,114Expenses 2020: $4,507,645Net Income 2020: $554,4692020Revenue 2021: $5,707,357Expenses 2021: $5,084,733Net Income 2021: $622,6242021Revenue 2022: $6,331,553Expenses 2022: $5,652,390Net Income 2022: $679,1632022Revenue 2023: $7,302,104Expenses 2023: $7,608,936Net Income 2023: -$306,8322023Revenue 2024: $2,505,631Expenses 2024: $3,100,414Net Income 2024: -$594,7832024

Highlighted filing

2012

Revenue-
Expenses$4,215,473
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 29, 2013
Return Version
2012v2.1
Gross Receipts
$4,284,801
Mission and Program Overview

Mission

State chartered credit union mutually owned by our 10,217 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
62-0671754
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IRS990ScheduleO/GeneralExplanation/Explanation0BOARD MEMBERS, CECIL MILLS AND CHARLES WILDER PERFORM 4HANDYMAN4 WORK ON THE SIDE. THIS IS AN INFORMAL AGREEMENT.
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.
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/Explanation3THE 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/Explanation4UNDER 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/Explanation5THE 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. COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation6THIS FORM 990 WAS PROVIDED TO THE PRESIDENT/CEO FOR REVIEW AND APPROVAL BEFORE FILING. IT IS AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS AT THEIR DISCRETION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE 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/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/Explanation9THE 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/Explanation10UPON REQUEST, COPIES OF THE CREDIT UNION9S ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/GeneralExplanation/Explanation11WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS9 REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation12THE UNREALIZED LOSSES ON THE DEBT SECURITIES WERE CAUSED BY INTEREST RATE INCREASES AND MARKET DISLOCATION. THESE SECURITIES ARE CURRENTLY PERFORMING AS EXPECTED. MANAGEMENT DOES NOT CONSIDER THE INVESTMENTS TO BE OTHER-THAN-TEMPORARILY IMPAIRED AND THE CREDIT UNION HAS THE ABILITY AND INTENT TO HOLD THE INVESTMENTS TO FULL RECOVERY OF THE COST BASIS. THE RECOVERY WILL OCCUR OVER THEIR WEIGHTED-AVERAGE ESTIMATED REMAINING LIFE.
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IRS990ScheduleO/GeneralExplanation/ReturnReference0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2Member election for additional members Part VI line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference3Governing body decisions Part VI line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/GeneralExplanation/ReturnReference5Committee meeting documentation Part VI line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990 governing body review Part VI line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference7Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference8CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference9Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/GeneralExplanation/ReturnReference10Form 990 availability to public Part VI line 18
IRS990ScheduleO/GeneralExplanation/ReturnReference11Governing documents etc available to public Part VI line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference12Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10622 WEST FIRST NORTH STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0MORRISTOWN
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IRS990/TheBooksAreInCareOf/NamePerson0MARK CREECH
IRS990/TheBooksAreInCareOf/TelephoneNumber04235818345
IRS990/TotalAssets/BOY076219894
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IRS990/TotalExpensesCurrentYear04215473
IRS990/TotalExpensesPriorYear03986737
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IRS990/TotalFunctionalExpenses/ProgramServices04215473
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IRS990/TotalLiabNetAssetsFundBalances/EOY077863801
IRS990/TotalNbrEmployees032
IRS990/TotalNbrVolunteers010
IRS990/TotalNetAssetsFundBalances/BOY07969584
IRS990/TotalNetAssetsFundBalances/EOY07914114
IRS990/TotalOtherCompensation024502
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense04215473
IRS990/TotalProgramServiceRevenue04284801
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IRS990/TotalRevenueCurrentYear04284801
IRS990/TotalRevenue/ExclusionAmount00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$77,863,801
Liabilities
$69,949,687
Net assets
$7,914,114
Revenue
-
Expenses
$4,215,473
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.51$3.10$0.59
2023Detailed filing. Detailed filing data is available for this year.$137$130$7.23$7.30$7.61$0.31
2022Detailed filing. Detailed filing data is available for this year.$136$129$7.41$6.33$5.65$0.68
2021Detailed filing. Detailed filing data is available for this year.$135$126$9.15$5.71$5.08$0.62
2020Detailed filing. Detailed filing data is available for this year.$116$107$8.84$5.06$4.51$0.55
2019Detailed filing. Detailed filing data is available for this year.$102$93.3$8.31$4.98$4.61$0.37
2018Detailed filing. Detailed filing data is available for this year.$99.8$91.8$7.97$4.46$4.52$0.06
2017Detailed filing. Detailed filing data is available for this year.$95.6$87.7$7.94$4.13$4.26$0.13
2016Detailed filing. Detailed filing data is available for this year.$89.5$81.5$8.06$3.72$3.81$0.09
2015Detailed filing. Detailed filing data is available for this year.$88.1$80.2$7.97$3.69$3.58$0.11
2014Detailed filing. Detailed filing data is available for this year.$84.3$76.6$7.68$3.77$3.75$0.02
2013Detailed filing. Detailed filing data is available for this year.$78.4$71.8$6.61$3.95$3.93$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$69.9$7.91$4.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.2$68.3$7.97$3.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$63.9$7.33$4.41