Civic Intelligence

Pathway Credit Union

990 • Fiscal year 2016 • EIN 62-6081645

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 03, 2017

2751 Commerce DriveCleveland, TN 37320

(423) 479-2168

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

23.14x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Net Margin

29th percentile

-4.6%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Asset Growth

60th percentile

1.2%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

0.3%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,945,121

Up $58,200 (+1.2%) from 2015

Net Assets

Down

$504,029

Down $8,879 (-1.7%) from 2015

Liabilities

Up

$4,441,092

Up $67,079 (+1.5%) from 2015

Revenue

Up

$191,884

Up $615 (+0.3%) from 2015

Expenses

Down

$200,764

Down $9,818 (-4.7%) from 2015

Net Income

Up

-$8,880

Up $10,433 (+54%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,351,423Liabilities 2010: $4,768,290Net Assets 2010: $583,1332010Assets 2011: $5,196,874Liabilities 2011: $4,613,379Net Assets 2011: $583,4952011Assets 2012: $5,250,899Liabilities 2012: $4,666,387Net Assets 2012: $584,5122012Assets 2013: $5,317,098Liabilities 2013: $4,731,934Net Assets 2013: $585,1642013Assets 2014: $5,030,677Liabilities 2014: $4,498,456Net Assets 2014: $532,2212014Assets 2015: $4,886,921Liabilities 2015: $4,374,013Net Assets 2015: $512,9082015Assets 2016: $4,945,121Liabilities 2016: $4,441,092Net Assets 2016: $504,0292016Assets 2017: $5,180,315Liabilities 2017: $4,675,542Net Assets 2017: $504,7732017Assets 2018: $5,058,152Liabilities 2018: $4,569,924Net Assets 2018: $488,2282018Assets 2019: $4,834,229Liabilities 2019: $4,444,063Net Assets 2019: $390,1662019Assets 2020: $6,494,509Liabilities 2020: $6,036,406Net Assets 2020: $458,1032020Assets 2021: $6,625,671Liabilities 2021: $6,219,605Net Assets 2021: $406,0662021Assets 2022: $5,693,878Liabilities 2022: $5,366,440Net Assets 2022: $327,4382022Assets 2023: $6,398,724Liabilities 2023: $6,029,704Net Assets 2023: $369,0202023

Highlighted filing

2016

Assets$4,945,121
Liabilities$4,441,092
Net Assets$504,029

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $262,0302010Expenses 2011: $243,2662011Expenses 2012: $234,8662012Revenue 2013: $218,439Expenses 2013: $217,866Net Income 2013: $5732013Revenue 2014: $200,594Expenses 2014: $253,540Net Income 2014: -$52,9462014Revenue 2015: $191,269Expenses 2015: $210,582Net Income 2015: -$19,3132015Revenue 2016: $191,884Expenses 2016: $200,764Net Income 2016: -$8,8802016Revenue 2017: $186,902Expenses 2017: $186,158Net Income 2017: $7442017Revenue 2018: $204,053Expenses 2018: $220,597Net Income 2018: -$16,5442018Revenue 2019: $193,896Expenses 2019: $291,958Net Income 2019: -$98,0622019Revenue 2020: $367,718Expenses 2020: $299,780Net Income 2020: $67,9382020Revenue 2021: $405,572Expenses 2021: $448,272Net Income 2021: -$42,7002021Revenue 2022: $317,617Expenses 2022: $302,782Net Income 2022: $14,8352022Revenue 2023: $355,239Expenses 2023: $317,780Net Income 2023: $37,4592023

Highlighted filing

2016

Revenue$191,884
Expenses$200,764
Net Income-$8,880
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 3, 2017
Return Version
2016v3.0
Gross Receipts
$191,884
Mission and Program Overview

Mission

Credit union-to provide services for approximately 931 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$2,304,433$2,366,180▲ $61,747
Investments Other Securities$1,272,785$976,785▼ $296,000
Savings and Temporary Cash Investments$746,000$946,000▲ $200,000
Cash and Non-Interest-Bearing Accounts$311,841$415,644▲ $103,803
Rtn Earn Endowment Incm Other Fnds$329,615$320,736▼ $8,879
Cap Stk Tr Prin Current Funds$183,293$183,293→ $0
Land, Buildings, and Equipment, Net$185,343$179,895▼ $5,448
Prepaid Expenses and Deferred Charges$14,724$11,860▼ $2,864
Total Assets$4,886,921$4,945,121▲ $58,200
Other Assets Total$51,795$48,757▼ $3,038
Liabilities
Other Liabilities$4,365,535$4,427,853▲ $62,318
Accounts Payable and Accrued Expenses$8,478$13,239▲ $4,761
Total Liabilities$4,374,013$4,441,092▲ $67,079
Net Assets / Fund Balance
Total Net Assets Fund Balance$512,908$504,029▼ $8,879
Total Liabilities and Net Assets / Fund Balance$4,886,921$4,945,121▲ $58,200

Asset Categories

AssetBook ValueDepreciationBasis
Land$102,284-$102,284
Buildings$71,948$29,665$101,613
Equipment$5,663$75,449$81,112
Other Securities$38,785--
Compensation and Service Providers

Board Members and Trustees

NameTitle
R Stephan MccallPresident
Hermilo JassoBoard Member
Daniel LloydAsst. Manage
Lynn GoldenManager
Carissa BeasleySecretary
Carrie RiceSupervisory
James CosseySupervisory
Mike LuithleSupervisory
Gene BrowningTreasurer
Leto ZachariaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$164,475
Investment Income
$21,935
Other Revenue
$5,474
Change in Net Assets
$-8,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,204
Salaries, Compensation, and Employee Benefits$83,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$75,122-$75,122
Office Expenses-$71,982-$71,982
Interest-$12,956-$12,956
Occupancy-$12,700-$12,700
Payroll Taxes-$5,766-$5,766
Conferences and Meetings-$2,499-$2,499
Pension Plan Contributions-$2,080-$2,080
Other Employee Benefits-$592-$592
Other Expenses-$457-$457
All Other Expenses-$-2,835-$-2,835
Total Functional Expenses$0$200,764$0$200,764
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
Regular Shares$3,359,119
All Other Shares$785,369
Share Drafts$283,365
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
No
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 19

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

Filing and Contact Details

Filer

Filer Name
Pathway Credit Union
EIN
62-6081645
Phone
4234792168
Address
2751 COMMERCE DRIVE, CLEVELAND, TN 37320

Signing Officer

Name
Lynn Golden
Title
Manager
Phone
4234792168
Signed
2017-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn Golden
Formed
1967
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
8

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
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 and supervisory committee without compensation.

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

The credti union does not have any unrelated business income.

Form 990, Part XI, Line 9

DUE TO ROUNDING 1

Form 990, Part XII

Annual agreed upon procedures are performed by an independent auditor.

Raw XML Appendix385 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/PYSalariesCompEmpBnftPaidAmt083774
IRS990/PYTotalExpensesAmt0210582
IRS990/PYTotalRevenueAmt0191269
IRS990/ReconcilationRevenueExpnssAmt0-8880
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0329615
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0320736
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0746000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0946000
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IRS990ScheduleD/BuildingsGrp/BookValueAmt071948
IRS990ScheduleD/BuildingsGrp/DepreciationAmt029665
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0101613
IRS990ScheduleD/EquipmentGrp/BookValueAmt05663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075449
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081112
IRS990ScheduleD/LandGrp/BookValueAmt0102284
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0102284
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1785369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2283365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0938000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt138785
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0976785
IRS990ScheduleD/TotalLiabilityAmt04427853
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDTI 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/ExplanationTxt6FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DUE TO ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ANNUAL 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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04886921
IRS990/TotalAssetsEOYAmt04945121
IRS990/TotalAssetsGrp/BOYAmt04886921
IRS990/TotalAssetsGrp/EOYAmt04945121
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0200764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200764
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04374013
IRS990/TotalLiabilitiesEOYAmt04441092
IRS990/TotalLiabilitiesGrp/BOYAmt04374013
IRS990/TotalLiabilitiesGrp/EOYAmt04441092
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0512908
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0504029
IRS990/TotalProgramServiceExpensesAmt0200764
IRS990/TotalProgramServiceRevenueAmt0164475
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0191884
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04886921
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04945121
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 2035
IRS990/USAddress/CityNm0CLEVELAND
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0373202035
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PATHWAYCREDIT.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNN GOLDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04234792168
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATHWAY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PATH
ReturnHeader/Filer/EIN0626081645
ReturnHeader/Filer/PhoneNum04234792168
ReturnHeader/Filer/USAddress/AddressLine1Txt02751 COMMERCE DRIVE
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037320
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AE5048B6D415D7FCB29770439EB4B6F014EA1C9D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A012A33FC625D6CFB82F034B8E1A1E82DE2B706B
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/PreparationDt02017-03-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HIRAM H HOLLIFIELD
ReturnHeader/ReturnTs02017-03-21T14:21:54+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$6.40$6.03$0.37$0.36$0.32$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$5.37$0.33$0.32$0.30$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$6.22$0.41$0.41$0.45$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$6.04$0.46$0.37$0.30$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$4.44$0.39$0.19$0.29$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$4.57$0.49$0.20$0.22$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$4.68$0.50$0.19$0.19$0.00
2016Detailed filing. Detailed filing data is available for this year.$4.95$4.44$0.50$0.19$0.20$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.89$4.37$0.51$0.19$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.03$4.50$0.53$0.20$0.25$0.05
2013Summary only. Only limited summary data is available for this year.$5.32$4.73$0.59$0.22$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$4.67$0.58$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$4.61$0.58$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$4.77$0.58$0.26