Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
1st percentile
Faster asset growth than 1% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Down$51,259,103
Down $3,945,654 (-7.1%) from 2011
Net Assets
Down$4,383,841
Down $1,414,234 (-24%) from 2011
Liabilities
Down$46,875,262
Down $2,531,420 (-5.1%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$4,836,255
Up $612,752 (+15%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- May 14, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $3,619,473
Mission and Program Overview
Mission
Landmark credit union is an alabama state-chartered credit union established for the twofold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest. Landmark serves members who reside, work, attend school, or worship in any area west of i-65, saint clair county, city of lincoln, and city of talladega. The credit union provides services to approximately 3,800 members.
Filing and Contact Details
Filer
- EIN
- 63-0207455
Raw XML Appendix388 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/Description | 0 | CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. LANDMARK CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2012, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 4,600 MEMBERS. |
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION PERFORMS A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS OF MARCH 31 EACH YEAR IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR DEPOSITORY AND LENDING FINANCIAL INSTITUTIONS. AS A LENDING AND DEPOSIT-TAKING FINANCIAL INSTITUTION, THE CREDIT UNION IS NOT REQUIRED TO PREPARE IT'S FINANCIAL STATEMENTS IN ACCORDANCE WITH SFAS 117. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE. ORGANIZATIONS, INCORPORATED OR OTHERWISE, COMPOSED FOR THE MOST PART OF THE SAME GENERAL GROUP AS THE CREDIT UNION MEMBERSHIP MAY BE MEMBERS. CREDIT UNION ORGANIZATION SHALL BE LIMITED TO GROUPS, OF BOTH LARGE AND SMALL MEMBERSHIP, HAVING A COMMON BOND OF OCCUPATION OR ASSOCIATION OR TO GROUPS WITHIN A WELL- DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE MEMBERSHIP OF LANDMARK CREDIT UNION AS OF THE YEAR END 2011, WAS OPEN TO ANYONE WHO RESIDES, WORKS, ATTENDS SCHOOL, OR WORSHIPS IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. AS OF THE DECEMBER 31, 2012, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 4,600 MEMBERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP AT THE ANNUAL MEETING. THE CREDIT UNION'S BYLAWS GOVERN THE ELECTION PROCEDURES. THE TERMS OF THE BOARD OF DIRECTORS, AS SET BY THE BYLAWS, ARE 3 YEARS AND ARE STAGGERED SO THAT AN EQUAL NUMBER EXPIRE AT EACH ANNUAL MEETING. PRIOR TO THE ANNUAL MEETING, THE BOARD CHAIRMAN APPOINTS A NOMINATING COMMITTEE TO NOMINATE A CANDIDATE FOR EACH VACANCY. NOMINATIONS MAY ALSO BE MADE BY PETITION. ELECTION BY THE MEMBERSHIP IS PERFORMED THROUGH WRITTEN BALLOTS, UNLESS THERE IS ONLY ONE NOMINEE. ALL ELECTIONS ARE DETERMINED BY A PLURALITY VOTE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: ELECTION & TERMINATION OF BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, CONVERSION FROM STATE TO FEDERAL CHARTER, AND MERGER DECISIONS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | MANAGEMENT'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED MONTHLY ON A BULLETIN BOARD WITHIN THE CREDIT UNION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | DATA PROCESSING AND FINANCIAL SERVICES: TOTAL EXPENSES 191,312. PROFESSIONAL EXPENSES: TOTAL EXPENSES 185,311. MAINTENANCE: TOTAL EXPENSES 124,250. STATE OPERATING FEE: TOTAL EXPENSES 10,475. DUES/SUBSCRIPTION: TOTAL EXPENSES 4,729. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL CREDIT UNION ADMINISTRATION PERFORM A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS OF MARCH 31 EACH YEAR. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE CREDIT UNION HAS A SUPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION - (1)MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND (2) ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS' ASSETS. THIS INCLUDES OVERSEEING THE ANNUAL FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | ALL OTHER FUNCTIONAL EXPENSES |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART IX, LINE 24E |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART XII, LINE 2B: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XII, LINE 2C: |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | AL |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
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| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | FAIRFIELD |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | AL |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 35604 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | DOW HILL |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 8003335372 |
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| IRS990/TotalAssetsBOY | 0 | 55204757 |
| IRS990/TotalAssets/EOY | 0 | 51259103 |
| IRS990/TotalAssetsEOY | 0 | 51259103 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalExpensesCurrentYear | 0 | 4836255 |
| IRS990/TotalExpensesPriorYear | 0 | 4223503 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 4836255 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 26417 |
| IRS990/TotalLiabilities/BOY | 0 | 49406682 |
| IRS990/TotalLiabilitiesBOY | 0 | 49406682 |
| IRS990/TotalLiabilities/EOY | 0 | 46875262 |
| IRS990/TotalLiabilitiesEOY | 0 | 46875262 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 55204757 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 51259103 |
| IRS990/TotalNbrEmployees | 0 | 26 |
| IRS990/TotalNbrVolunteers | 0 | 9 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 5798075 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 4383841 |
| IRS990/TotalOtherCompensation | 0 | 12000 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 4836255 |
| IRS990/TotalProgramServiceRevenue | 0 | 3619473 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 250366 |
| IRS990/TotalRevenueCurrentYear | 0 | 3619473 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 3709520 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 3593056 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 3619473 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 26417 |
| IRS990/Travel/Total | 0 | 68418 |
| IRS990/TypeOfOrganizationOther | 0 | X |
| IRS990/TypeOfOrgOtherDescription | 0 | STATE CHARTERED COOPERATIVE CREDIT UNION |
| IRS990/UnrelatedBusinessIncome | 0 | 1 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.LANDMARKCU.NET |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 1928 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 630207455 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | LANDMARK CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | LAND |
| ReturnHeader/Filer/Phone | 0 | 2057839100 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 5705 VALLEY ROAD/PO BOX 150 |
| ReturnHeader/Filer/USAddress/City | 0 | FAIRFIELD |
| ReturnHeader/Filer/USAddress/State | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 35064 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2013-05-14 |
| ReturnHeader/Officer/Name | 0 | DOW HILL |
| ReturnHeader/Officer/Phone | 0 | 2057839100 |
| ReturnHeader/Officer/Title | 0 | PRESIDENT/CEO |
| ReturnHeader/Preparer/DatePrepared | 0 | 2013-05-13 |
| ReturnHeader/PreparerFirm/EIN | 0 | 630813240 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | PEARCE BEVILL LEESBURG MOORE PC |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 110 OFFICE PARK DR SUITE 100 |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | BIRMINGHAM |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | AL |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 35223 |
| ReturnHeader/Preparer/Name | 0 | W GLENN BRIDGES |
| ReturnHeader/Preparer/Phone | 0 | 2053235440 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2012-01-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2012-12-31 |
| ReturnHeader/TaxYear | 0 | 2012 |
| ReturnHeader/Timestamp | 0 | 2013-05-15T09:47:49-05:00 |
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.
- Assets
- $51,259,103
- Liabilities
- $46,875,262
- Net assets
- $4,383,841
- Revenue
- -
- Expenses
- $4,836,255
- Net income
- -