Civic Intelligence

Cemc Employees Credit Union

990 • Fiscal year 2015 • EIN 62-6041068

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

Organization Profile
P O Box 3300Clarksville, TN 37043

(931) 645-2481

Siviq Scores

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

Liabilities / Assets

27th percentile

0.75x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

42nd percentile

15.18x

Higher debt load relative to revenue than 42% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Net Margin

12th percentile

-21%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$46,375

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 39.5% of source-year revenue.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

7.5%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$2,368,518

Down $308,791 (-12%) from 2014

Net Assets

Down

$586,622

Down $24,107 (-3.9%) from 2014

Liabilities

Down

$1,781,896

Down $284,684 (-14%) from 2014

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin12th percentile

Revenue

Up

$117,355

Up $8,194 (+7.5%) from 2014

Expenses

Down

$141,462

Down $11,677 (-7.6%) from 2014

Net Income

Up

-$24,107

Up $19,871 (+45%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,102,132Liabilities 2010: $2,496,691Net Assets 2010: $605,4412010Assets 2011: $3,098,983Liabilities 2011: $2,488,735Net Assets 2011: $610,2482011Assets 2012: $3,090,693Liabilities 2012: $2,487,657Net Assets 2012: $603,0362012Assets 2013: $2,787,998Liabilities 2013: $2,133,015Net Assets 2013: $654,9832013Assets 2014: $2,677,309Liabilities 2014: $2,066,580Net Assets 2014: $610,7292014Assets 2015: $2,368,518Liabilities 2015: $1,781,896Net Assets 2015: $586,6222015Assets 2016: $2,467,381Liabilities 2016: $1,904,468Net Assets 2016: $562,9132016Assets 2017: $3,283,517Liabilities 2017: $2,803,949Net Assets 2017: $479,5682017Assets 2018: $2,443,333Liabilities 2018: $1,959,275Net Assets 2018: $484,0582018Assets 2019: $2,341,901Liabilities 2019: $1,872,827Net Assets 2019: $469,0742019Assets 2020: $2,466,297Liabilities 2020: $2,043,960Net Assets 2020: $422,3372020Assets 2021: $2,352,612Liabilities 2021: $1,924,620Net Assets 2021: $427,9922021Assets 2022: $2,423,611Liabilities 2022: $1,984,339Net Assets 2022: $439,2722022Assets 2023: $2,521,662Liabilities 2023: $2,085,840Net Assets 2023: $435,8222023

Highlighted filing

2015

Assets$2,368,518
Liabilities$1,781,896
Net Assets$586,622
Open 2015 Filing

Operations Trend

Revenue Growth87th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $158,0332010Expenses 2011: $136,2752011Expenses 2012: $135,3862012Revenue 2013: $121,646Expenses 2013: $129,062Net Income 2013: -$7,4162013Revenue 2014: $109,161Expenses 2014: $153,139Net Income 2014: -$43,9782014Revenue 2015: $117,355Expenses 2015: $141,462Net Income 2015: -$24,1072015Revenue 2016: $111,328Expenses 2016: $135,035Net Income 2016: -$23,7072016Revenue 2017: $118,034Expenses 2017: $201,379Net Income 2017: -$83,3452017Revenue 2018: $120,268Expenses 2018: $115,778Net Income 2018: $4,4902018Revenue 2019: $132,021Expenses 2019: $147,006Net Income 2019: -$14,9852019Revenue 2020: $118,097Expenses 2020: $154,394Net Income 2020: -$36,2972020Revenue 2021: $115,702Expenses 2021: $110,047Net Income 2021: $5,6552021Revenue 2022: $123,556Expenses 2022: $110,925Net Income 2022: $12,6312022Revenue 2023: $132,476Expenses 2023: $119,080Net Income 2023: $13,3962023

Highlighted filing

2015

Revenue$117,355
Expenses$141,462
Net Income-$24,107
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$117,355
Mission and Program Overview

Mission

To provide services for approximately 577 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$1,827,512$1,666,582▼ $160,930
Rtn Earn Endowment Incm Other Fnds$497,538$473,431▼ $24,107
Cash and Non-Interest-Bearing Accounts$582,709$435,584▼ $147,125
Investments Other Securities$224,956$224,956→ $0
Cap Stk Tr Prin Current Funds$113,191$113,191→ $0
Prepaid Expenses and Deferred Charges$19,567$18,851▼ $716
Land, Buildings, and Equipment, Net$1,322$1,976▲ $654
Total Assets$2,677,309$2,368,518▼ $308,791
Other Assets Total$21,243$20,569▼ $674
Liabilities
Other Liabilities$2,056,940$1,773,242▼ $283,698
Accounts Payable and Accrued Expenses$9,640$8,654▼ $986
Total Liabilities$2,066,580$1,781,896▼ $284,684
Net Assets / Fund Balance
Total Net Assets Fund Balance$610,729$586,622▼ $24,107
Total Liabilities and Net Assets / Fund Balance$2,677,309$2,368,518▼ $308,791

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,976$24,466$26,442
Other Securities$24,956--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lori Von PalkoManagerFT$46,375$46,375

Board Members and Trustees

NameTitle
Michael BlackwellChairman
Annebelle ChesterVice Chairpe
Gary PetersonBoard Member
Kevin CainBoard Member
Vicki BostainCredit COM C
Jamie ByardCredit COM M
Toni AtkinsCredit COM M
Joan EvansSecretary/tr
Angie AdkinsSupervisor C
Carolyn DozierSupervisory
Mary Ann ToblerSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$112,802
Investment Income
$4,167
Other Revenue
$386
Change in Net Assets
$-24,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,569
Other Expenses$55,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$79,327-$79,327
Interest-$8,322-$8,322
Office Expenses-$7,501-$7,501
Payroll Taxes-$6,242-$6,242
Other Expenses-$2,500-$2,500
All Other Expenses-$2,446-$2,446
Conferences and Meetings-$376-$376
Total Functional Expenses$0$141,462$0$141,462
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$1,015,023
Regular Shares$758,219
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 manager reviews the form 9990. The form 990 is available for review by the board of directors upon request.”

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

“The board of directors use a ccomparison of 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
Cemc Employees Credit Union
EIN
62-6041068
Phone
9316452481
Address
P O BOX 3300, CLARKSVILLE, TN 37043

Signing Officer

Name
Lori Von Palko
Title
Manager
Phone
9316452481
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Von Palko
Formed
1994
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
11

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Keith T Mcmurtrie
Phone
8505581102
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors, supervisory committee, and credit committee 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

“OTHER ADJUSTMENTS 0”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

Raw XML Appendix372 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/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0497538
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0473431
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01976
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01015023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1758219
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0200000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt124956
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID-IN-CAPITAL- VCCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01976
IRS990ScheduleD/TotalBookValueSecuritiesAmt0224956
IRS990ScheduleD/TotalLiabilityAmt01773242
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS, SUPERVISORY COMMITTEE, AND CREDIT COMMITTEE 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 MANAGER REVIEWS THE FORM 9990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS USE A CCOMPARISON OF CREDIT UNION COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER ADJUSTMENTS 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02677309
IRS990/TotalAssetsEOYAmt02368518
IRS990/TotalAssetsGrp/BOYAmt02677309
IRS990/TotalAssetsGrp/EOYAmt02368518
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0141462
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141462
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02066580
IRS990/TotalLiabilitiesEOYAmt01781896
IRS990/TotalLiabilitiesGrp/BOYAmt02066580
IRS990/TotalLiabilitiesGrp/EOYAmt01781896
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0610729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0586622
IRS990/TotalProgramServiceExpensesAmt0141462
IRS990/TotalProgramServiceRevenueAmt0112802
IRS990/TotalReportableCompFromOrgAmt046375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0117355
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117355
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02677309
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02368518
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02204 CHARLESTOWN ROAD
IRS990/USAddress/CityNm0CLARKSVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037043
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LORI VON PALKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09316452481
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CEMC EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CEMC
ReturnHeader/Filer/EIN0626041068
ReturnHeader/Filer/PhoneNum09316452481
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 3300
ReturnHeader/Filer/USAddress/CityNm0CLARKSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037043
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591086132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEVERAGE THE LSCU SERVICE CORPORATION
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0323117890
ReturnHeader/PreparerPersonGrp/PhoneNum08505581102
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEITH T MCMURTRIE
ReturnHeader/ReturnTs02016-05-12T14:55:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,368,518
Liabilities
$1,781,896
Net assets
$586,622
Revenue
$117,355
Expenses
$141,462
Net income
-$24,107
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$2.09$0.44$0.13$0.12$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$1.98$0.44$0.12$0.11$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$1.92$0.43$0.12$0.11$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$2.04$0.42$0.12$0.15$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$1.87$0.47$0.13$0.15$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$1.96$0.48$0.12$0.12$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$2.80$0.48$0.12$0.20$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.90$0.56$0.11$0.14$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.37$1.78$0.59$0.12$0.14$0.02
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$2.07$0.61$0.11$0.15$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.79$2.13$0.65$0.12$0.13$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$2.49$0.60$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$2.49$0.61$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$2.50$0.61$0.16