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990 • Fiscal year 2011 • EIN 62-0787251

Jan 01, 2011 to Dec 31, 2011 • Filed on May 14, 2012

26 Century Boulevard Suite 10137214-3695
Siviq Scores

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

Liabilities / Assets

56th percentile

0.87x

Higher debt load relative to assets than 56% of similar nonprofits.

2011 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

1st percentile

-12%

Faster asset growth than 1% of similar nonprofits.

2011 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$9,830,212

Down $1,391,584 (-12%) from 2010

Net Assets

Down

$1,311,056

Down $260,863 (-17%) from 2010

Liabilities

Down

$8,519,156

Down $1,130,721 (-12%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$854,612

Up $99,728 (+13%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $11,221,796Liabilities 2010: $9,649,877Net Assets 2010: $1,571,9192010Assets 2011: $9,830,212Liabilities 2011: $8,519,156Net Assets 2011: $1,311,0562011Assets 2012: $11,513,089Liabilities 2012: $10,145,299Net Assets 2012: $1,367,7902012Assets 2013: $13,021,010Liabilities 2013: $11,437,840Net Assets 2013: $1,583,1702013Assets 2014: $16,075,801Liabilities 2014: $14,288,336Net Assets 2014: $1,787,4652014Assets 2015: $17,873,364Liabilities 2015: $15,932,455Net Assets 2015: $1,940,9092015Assets 2016: $17,492,175Liabilities 2016: $15,345,074Net Assets 2016: $2,147,1012016Assets 2017: $18,561,890Liabilities 2017: $16,311,576Net Assets 2017: $2,250,3142017Assets 2018: $17,931,087Liabilities 2018: $15,529,101Net Assets 2018: $2,401,9862018Assets 2019: $17,709,445Liabilities 2019: $15,305,907Net Assets 2019: $2,403,5382019Assets 2020: $19,560,560Liabilities 2020: $17,195,033Net Assets 2020: $2,365,5272020Assets 2021: $23,226,032Liabilities 2021: $20,881,138Net Assets 2021: $2,344,8942021Assets 2022: $19,125,343Liabilities 2022: $16,763,671Net Assets 2022: $2,361,6722022Assets 2023: $17,316,460Liabilities 2023: $14,902,452Net Assets 2023: $2,414,0082023Assets 2024: $17,268,901Liabilities 2024: $14,816,571Net Assets 2024: $2,452,3302024

Highlighted filing

2011

Assets$9,830,212
Liabilities$8,519,156
Net Assets$1,311,056

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $754,8842010Expenses 2011: $854,6122011Expenses 2012: $670,8402012Revenue 2013: $887,317Expenses 2013: $671,936Net Income 2013: $215,3812013Revenue 2014: $924,813Expenses 2014: $720,518Net Income 2014: $204,2952014Revenue 2015: $950,229Expenses 2015: $686,397Net Income 2015: $263,8322015Revenue 2016: $1,058,830Expenses 2016: $852,638Net Income 2016: $206,1922016Revenue 2017: $1,075,679Expenses 2017: $972,466Net Income 2017: $103,2132017Revenue 2018: $1,108,533Expenses 2018: $956,861Net Income 2018: $151,6722018Revenue 2019: $1,058,641Expenses 2019: $1,030,089Net Income 2019: $28,5522019Revenue 2020: $925,911Expenses 2020: $973,343Net Income 2020: -$47,4322020Revenue 2021: $864,914Expenses 2021: $874,822Net Income 2021: -$9,9082021Revenue 2022: $870,827Expenses 2022: $854,049Net Income 2022: $16,7782022Revenue 2023: $1,075,284Expenses 2023: $1,022,948Net Income 2023: $52,3362023Revenue 2024: $1,125,798Expenses 2024: $1,087,476Net Income 2024: $38,3222024

Highlighted filing

2011

Revenue-
Expenses$854,612
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 14, 2012
Return Version
2011v1.2
Gross Receipts
$671,749
Mission and Program Overview

Mission

CREDIT UNION SERVICES

Filing and Contact Details

Filer

EIN
62-0787251
Raw XML Appendix381 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.

Path#Value
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IRS990/AccountsPayableAccruedExpenses/BOY022247
IRS990/AccountsPayableAccruedExpenses/EOY019793
IRS990/AccountsReceivable/BOY06140996
IRS990/AccountsReceivable/EOY07010989
IRS990/ActivitiesConductedPartnership0false
IRS990/ActivityOrMissionDescription0Credit Union - to provide financial services to members.
IRS990/AddressPrincipalOfficerUS/AddressLine1026 Century Blvd Colonnade North
IRS990/AddressPrincipalOfficerUS/AddressLine20Suite 101
IRS990/AddressPrincipalOfficerUS/City0Nashville
IRS990/AddressPrincipalOfficerUS/State0TN
IRS990/AddressPrincipalOfficerUS/ZIPCode0372143695
IRS990/AllAffiliatesIncluded0false
IRS990/AllOtherExpenses/ManagementAndGeneral014579
IRS990/AllOtherExpenses/Total014579
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IRS990/CapStckTrstPrinCurrentFunds/EOY0400000
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IRS990/CashNonInterestBearing/EOY01067686
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompensationFromOtherSources0false
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IRS990/ComplianceWithBackupWitholding0false
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IRS990/Form990PartVIISectionA/NamePerson1Derrick Coggin
IRS990/Form990PartVIISectionA/NamePerson2William McKeand
IRS990/Form990PartVIISectionA/NamePerson3Lynn Bissinger
IRS990/Form990PartVIISectionA/NamePerson4Brendan Thompson
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IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
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IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/Title0Chairperson
IRS990/Form990PartVIISectionA/Title1Vice Chairperson
IRS990/Form990PartVIISectionA/Title2Treasurer
IRS990/Form990PartVIISectionA/Title3Secretary
IRS990/Form990PartVIISectionA/Title4Audit Liaison
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IRS990/Form990-TFiled0false
IRS990/FormersListed0false
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IRS990/GrantsAndSimilarAmntsCY00
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IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossReceipts0671749
IRS990/GroupExemptionNumber01182
IRS990/GroupReturnForAffiliates0false
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IRS990/InfoInScheduleOPartV0X
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IRS990/Interest/Total065980
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IRS990/InvestmentInJointVenture0false
IRS990/InvestmentsOtherSecurities/BOY01628480
IRS990/InvestmentsOtherSecurities/EOY0891480
IRS990/InvestTaxExemptBonds0false
IRS990/LandBldgEquipmentAccumDeprec0146073
IRS990/LandBuildingsEquipmentBasis0148198
IRS990/LandBuildingsEquipmentBasisNet/EOY02125
IRS990/LicensedMoreThanOneState0false
IRS990/LoanToOfficerOrDQP0false
IRS990/LobbyingActivities0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0true
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IRS990/MinutesOfCommittees0false
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IRS990/MissionDescription0Credit Union - to provide financial services to members.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/NameOfPrincipalOfficerBusiness/BusinessNameLine10Willis Credit Union
IRS990/NbrIndependentVotingMembers00
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IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NoListedPersonsCompensated0X
IRS990/NonDeductibleContributions0false
IRS990/NonDeductibleDisclosure0false
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers00
IRS990/NumberOfEmployees04
IRS990/NumberW2GIncluded00
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IRS990/Occupancy/Total030587
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IRS990/OfficerMailingAddress0false
IRS990/OnBehalfOfIssuer0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY0261614
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IRS990/OtherExpensesCurrentYear0631345
IRS990/OtherExpenses/Description0Provision for Loan Losses
IRS990/OtherExpenses/Description1Loan Servicing Expense
IRS990/OtherExpenses/Description2Professional & Outside Services
IRS990/OtherExpenses/Description3NCUSIF Stabilization Fund Assessment
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IRS990/OtherLiabilities/BOY09627630
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IRS990/OtherRevenueMisc/Description0Other Operating Income
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome039000
IRS990/OtherRevenueMisc/TotalRevenueColumn039000
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IRS990/PartialLiquidation0false
IRS990/PoliciesReferenceChapters0false
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY029073
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IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY0592076
IRS990/ProgramServiceRevenue/Description0Interest on Loans
IRS990/ProgramServiceRevenue/Description1Fee Income
IRS990/ProgramServiceRevenuePriorYear0603348
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0450842
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IRS990/ProgramServiceRevenue/TotalRevenueColumn0450842
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IRS990/ProhibitedTaxShelterTrans0false
IRS990/QuidProQuoContributions0false
IRS990/QuidProQuoDisclosure0false
IRS990/ReconcilationOtherChanges0-78000
IRS990/ReconcilationRevenueExpenses0-182863
IRS990/RegularMonitoringEnforcement0true
IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0false
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IRS990/ReportProgRelInvest0false
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IRS990/SalariesEtcPriorYear0221687
IRS990/SavingsAndTempCashInvestments/BOY01033000
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IRS990/ScheduleBRequired0false
IRS990ScheduleC/AgreeToCarryoverPriorYear0false
IRS990ScheduleC/CorrectionMade0false
IRS990ScheduleC/DirectContactLegislators0false
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IRS990ScheduleC/Form4720Filed4912Tax0false
IRS990ScheduleC/Form4720Filed4955Tax0false
IRS990ScheduleC/GrantsOtherOrganizations0false
IRS990ScheduleC/MailingsMembers0false
IRS990ScheduleC/MediaAdvertisements0false
IRS990ScheduleC/NotDescribedIn501c30false
IRS990ScheduleC/OnlyInHouseLobbying0false
IRS990ScheduleC/OtherActivities0false
IRS990ScheduleC/PaidStaffOrManagement0false
IRS990ScheduleC/PublicationsOrBroadcast0false
IRS990ScheduleC/RalliesDemonstrations0false
IRS990ScheduleC/SubstantiallyAllDuesNondeduct0false
IRS990ScheduleC/Volunteers0false
IRS990ScheduleD/AgentTrusteeEtc0false
IRS990ScheduleD/AreRelatedOrgsListedScheduleR0false
IRS990ScheduleD/DisclosedForCharitablePurposes0false
IRS990ScheduleD/DisclosedOrgsLegalControl0false
IRS990ScheduleD/EndowmentsHeldByRelatedOrgs0false
IRS990ScheduleD/EndowmentsHeldByUnrelatedOrgs0false
IRS990ScheduleD/ExcessOrDeficitForYear0-182863
IRS990ScheduleD/ExcessOrDeficitPerFS0-182863
IRS990ScheduleD/IncludedOnFS0false
IRS990ScheduleD/LeaseholdImprovements/BookValue02125
IRS990ScheduleD/LeaseholdImprovements/Depreciation0146073
IRS990ScheduleD/LeaseholdImprovements/InvestmentCostOrOtherBasis0148198
IRS990ScheduleD/OtherAssets/BookValue018464
IRS990ScheduleD/OtherAssets/BookValue114297
IRS990ScheduleD/OtherAssets/BookValue278127
IRS990ScheduleD/OtherAssets/BookValue334371
IRS990ScheduleD/OtherAssets/Description0Accrued Interest on Loans
IRS990ScheduleD/OtherAssets/Description1Accrued Interest on Investments
IRS990ScheduleD/OtherAssets/Description2NCUA Share Deposit
IRS990ScheduleD/OtherAssets/Description3Foreclosed & Repossessed Assets
IRS990ScheduleD/OtherLiabilities/Amount01106434
IRS990ScheduleD/OtherLiabilities/Amount15355330
IRS990ScheduleD/OtherLiabilities/Amount22037599
IRS990ScheduleD/OtherLiabilities/Description0Share Drafts
IRS990ScheduleD/OtherLiabilities/Description1Regular Shares
IRS990ScheduleD/OtherLiabilities/Description2All Other Shares
IRS990ScheduleD/OtherSecurities/BookValue07776
IRS990ScheduleD/OtherSecurities/BookValue1883704
IRS990ScheduleD/OtherSecurities/Description0Membership Capital
IRS990ScheduleD/OtherSecurities/Description1All Other Investments
IRS990ScheduleD/OtherSecurities/MethodOfValuation0C
IRS990ScheduleD/OtherSecurities/MethodOfValuation1C
IRS990ScheduleD/Sect170hRequirementsSatisfied0false
IRS990ScheduleD/SolicitedAssetsForSale0false
IRS990ScheduleD/TotalBookValueOtherAssets0145259
IRS990ScheduleD/TotalExpenses0854612
IRS990ScheduleD/TotalOfAmounts08499363
IRS990ScheduleD/TotalOfBookValueLandBuildings02125
IRS990ScheduleD/TotalOfBookValueSecurities0891480
IRS990ScheduleD/TotalRevenue0671749
IRS990ScheduleD/WrittenPolicyMonitoring0false
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0Part VI Section B Line 12C The policies of the credit union are reviewed regularly in the monthly board meetings at least once a year. Part VI Section B Line 15B The compensation for officers and key employees is set by the Board of Directors. Part VI Section a Line 6 The credit union is owned by the members. Part VI Section A Line 7A The members elect the Board of Directors at the Annual Meeting every year. Part VI section A Line 7B Some decisions made by the Board of Directors are affrimed by the members. Part VI Section B Line 12 A The Board of Directors monitor and enforce the compliance policy. Part VI Section C Line 19 Financial documents are posted in the credit union by the 15th of the subsequent month. Part VII Hours of service are related to duties of the Board of Directors without compensation. Part VIII Annual Agreed Upon Procedures are performed by an independent audiotr on behalf of the Supervisory Committee. Part VI Section A Line 1A 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. Part VI Section B Line 11B The Form 990 is available for review by the Board of Directors upon request. Part XI Line 5 Transfer from Undivided Earnings to the Allowance for Loan Loss Account $(78,000)
IRS990/ScheduleORequired0true
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0TN
IRS990/StatesWhereCopyOfReturnIsFiled0TN
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1026 CENTURY BOULEVARD
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine20Colonnade North Suite 101
IRS990/TheBooksAreInCareOf/AddressUS/City0Nashville
IRS990/TheBooksAreInCareOf/AddressUS/State0TN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0372143695
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10WILLIS CREDIT UNION
IRS990/TheBooksAreInCareOf/TelephoneNumber06158726380
IRS990/TotalAssets/BOY011221796
IRS990/TotalAssetsBOY011221796
IRS990/TotalAssets/EOY09830212
IRS990/TotalAssetsEOY09830212
IRS990/TotalCompGT150K0false
IRS990/TotalExpensesCurrentYear0854612
IRS990/TotalExpensesPriorYear0754884
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0854612
IRS990/TotalFunctionalExpenses/Total0854612
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY09649877
IRS990/TotalLiabilitiesBOY09649877
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IRS990/TotalLiabilitiesEOY08519156
IRS990/TotalLiabNetAssetsFundBalances/BOY011221796
IRS990/TotalLiabNetAssetsFundBalances/EOY09830212
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IRS990/TotalNbrVolunteers05
IRS990/TotalNetAssetsFundBalances/BOY01571919
IRS990/TotalNetAssetsFundBalances/EOY01311056
IRS990/TotalOtherRevenue039000
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceRevenue0592076
IRS990/TotalRevenueCurrentYear0671749
IRS990/TotalRevenuePriorYear0736689
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0671749
IRS990/TotalRevenue/TotalRevenueColumn0671749
IRS990/TransactionRelatedEntity0false
IRS990/TransfersToExemptNonChrtblOrg0false
IRS990/TypeOfOrganizationOther0X
IRS990/TypeOfOrgOtherDescription0credit union
IRS990/UnrelatedBusinessIncome0false
IRS990/UponRequest0X
IRS990/WebSite0WWW.WILLISCU.COOP
IRS990/WhistleblowerPolicy0false
IRS990/WrittenPolicyOrProcedure0false
IRS990/YearFormation01967
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0620787251
ReturnHeader/Filer/Name/BusinessNameLine10WILLIS CREDIT UNION
ReturnHeader/Filer/NameControl0WILL
ReturnHeader/Filer/Phone06158726380
ReturnHeader/Filer/USAddress/AddressLine1026 CENTURY BOULEVARD SUITE 101
ReturnHeader/Filer/USAddress/City0Nashville
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode0372143695
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-05-14
ReturnHeader/Officer/Name0Mike McKeever
ReturnHeader/Officer/Phone06158726380
ReturnHeader/Officer/Title0President/CEO
ReturnHeader/Preparer/DatePrepared02012-05-14
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10HIRAM H HOLLIFIELD CPA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101317 HICKORY VALLEY RD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0CHATTANOOGA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode037421
ReturnHeader/Preparer/Name0Hiram H Hollifield
ReturnHeader/Preparer/Phone04238992425
ReturnHeader/Preparer/SelfEmployed0X
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-05-14T03:58:34-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$14.8$2.45$1.13$1.09$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$14.9$2.41$1.08$1.02$0.05
2022Detailed filing. Detailed filing data is available for this year.$19.1$16.8$2.36$0.87$0.85$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.2$20.9$2.34$0.86$0.87$0.01
2020Detailed filing. Detailed filing data is available for this year.$19.6$17.2$2.37$0.93$0.97$0.05
2019Detailed filing. Detailed filing data is available for this year.$17.7$15.3$2.40$1.06$1.03$0.03
2018Summary only. Only limited summary data is available for this year.$17.9$15.5$2.40$1.11$0.96$0.15
2017Detailed filing. Detailed filing data is available for this year.$18.6$16.3$2.25$1.08$0.97$0.10
2016Detailed filing. Detailed filing data is available for this year.$17.5$15.3$2.15$1.06$0.85$0.21
2015Detailed filing. Detailed filing data is available for this year.$17.9$15.9$1.94$0.95$0.69$0.26
2014Detailed filing. Detailed filing data is available for this year.$16.1$14.3$1.79$0.92$0.72$0.20
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.0$11.4$1.58$0.89$0.67$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$10.1$1.37$0.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$8.52$1.31$0.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$9.65$1.57$0.75