Civic Intelligence

Eco Credit Union

990 • Fiscal year 2012 • EIN 63-0288906

Jan 01, 2012 to Dec 31, 2012 • Filed on May 13, 2013

Organization ProfileWWW.ECOCU.ORG

View Organization Page

PO Box 238535201
Siviq Scores

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

Liabilities / Assets

55th percentile

0.90x

Higher debt load relative to assets than 55% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M 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

46th percentile

4.8%

Faster asset growth than 46% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M 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 / Assets55th percentile

Assets

Up

$119,044,644

Up $5,482,874 (+4.8%) from 2011

Net Assets

Down

$12,031,908

Down $345,494 (-2.8%) from 2011

Liabilities

Up

$107,012,736

Up $5,828,368 (+5.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$5,903,696

Down $227,826 (-3.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$300M$200M$100M$0Assets 2010: $103,808,523Liabilities 2010: $92,038,983Net Assets 2010: $11,769,5402010Assets 2011: $113,561,770Liabilities 2011: $101,184,368Net Assets 2011: $12,377,4022011Assets 2012: $119,044,644Liabilities 2012: $107,012,736Net Assets 2012: $12,031,9082012Assets 2013: $119,384,778Liabilities 2013: $110,417,278Net Assets 2013: $8,967,5002013Assets 2014: $125,233,709Liabilities 2014: $113,577,798Net Assets 2014: $11,655,9112014Assets 2015: $129,121,088Liabilities 2015: $117,398,669Net Assets 2015: $11,722,4192015Assets 2016: $131,604,093Liabilities 2016: $120,323,431Net Assets 2016: $11,280,6622016Assets 2017: $138,308,404Liabilities 2017: $126,315,495Net Assets 2017: $11,992,9092017Assets 2018: $141,452,420Liabilities 2018: $129,409,993Net Assets 2018: $12,042,4272018Assets 2019: $144,668,392Liabilities 2019: $130,682,678Net Assets 2019: $13,985,7142019Assets 2020: $170,130,913Liabilities 2020: $154,744,122Net Assets 2020: $15,386,7912020Assets 2021: $187,884,349Liabilities 2021: $172,539,627Net Assets 2021: $15,344,7222021Assets 2022: $186,172,963Liabilities 2022: $179,254,140Net Assets 2022: $6,918,8232022Assets 2023: $201,054,027Liabilities 2023: $192,003,615Net Assets 2023: $9,050,4122023Assets 2024: $181,398,169Liabilities 2024: $171,533,926Net Assets 2024: $9,864,2432024

Highlighted filing

2012

Assets$119,044,644
Liabilities$107,012,736
Net Assets$12,031,908
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Expenses 2010: $6,312,0752010Expenses 2011: $6,131,5222011Expenses 2012: $5,903,6962012Revenue 2013: $5,700,980Expenses 2013: $5,563,612Net Income 2013: $137,3682013Revenue 2014: $5,766,717Expenses 2014: $5,376,514Net Income 2014: $390,2032014Revenue 2015: $5,833,904Expenses 2015: $5,381,508Net Income 2015: $452,3962015Revenue 2016: $6,358,593Expenses 2016: $5,844,797Net Income 2016: $513,7962016Revenue 2017: $6,498,783Expenses 2017: $5,974,420Net Income 2017: $524,3632017Revenue 2018: $7,027,596Expenses 2018: $6,121,629Net Income 2018: $905,9672018Revenue 2019: $6,957,227Expenses 2019: $6,276,253Net Income 2019: $680,9742019Revenue 2020: $6,963,589Expenses 2020: $5,938,680Net Income 2020: $1,024,9092020Revenue 2021: $7,547,136Expenses 2021: $5,767,969Net Income 2021: $1,779,1672021Revenue 2022: $7,754,194Expenses 2022: $6,649,920Net Income 2022: $1,104,2742022Revenue 2023: $9,085,732Expenses 2023: $7,575,494Net Income 2023: $1,510,2382023Revenue 2024: $9,097,715Expenses 2024: $8,511,690Net Income 2024: $586,0252024

Highlighted filing

2012

Revenue-
Expenses$5,903,696
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 13, 2013
Return Version
2012v2.1
Gross Receipts
$5,968,334
Mission and Program Overview

Mission

Credit union - to provie services to approximately 14,830 members in the form of loans, savings, and other financial services.

Filing and Contact Details

Filer

EIN
63-0288906
Raw XML AppendixShowing 400 of 455 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PARTS XI AND XII: ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL 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 JUNE 30 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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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0THE CREDIT UNION USES A WRITTEN EMPLOYMENT CONTRACT WHICH STATES THE EXECUTIVE DIRECTORS COMPENSATION.
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IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0THE CREDIT UNION'S PRESIDENT/CEO IS ON THE BOARD OF DIRECTORS OF CORPORATE AMERICA CREDIT UNION IN WHICH THE CREDIT UNION ROUTINELY MAKES DEPOSITS AND RECEIVES DEPOSITS. MANAGEMENT BELIEVES ALL TRANSACTIONS WERE MADE IN THE ORDINARY COURSE OF BUSINESS ON THE SAME TERMS AS COMPARABLE TRANSACTIONS WITH OTHER CORPORATE AMERICA MEMBERS.
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0JOEY HAND
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0PRESIDENT/CEO
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0ALABAMA 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 ECO CREDIT UNION AS OF DECEMBER 31, 2012, WAS OPEN TO ANYONE THAT LIVES, WORKS, ATTENDS SCHOOL OR WORSHIPS WITHIN SHELBY, JEFFERSON, WALKER, BLOUNT, AND CULLMAN COUNTIES AND CONSISTED OF APPROXIMATELY 13,600 MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE 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 CAN ALSO BE TAKEN THROUGH ABSENTEE BALLOTS OR CALLED FOR FROM THE FLOOR AT THE ANNUAL MEETING. 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/Explanation2THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION AND MERGER OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD MEMBERS, ELECTION AND TERMINATION OF SUPERVISORY COMMITTEE MEMBERS AND CONVERSION FROM STATE TO FEDERAL CHARTER.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4CREDIT UNION EMPLOYEES ARE REQUIRED TO REVIEW THE CREDIT UNION'S CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE EMPLOYMENT HANDBOOK PRIOR TO EMPLOYMENT. MANAGEMENT MONITORS FOR POTENTIAL CONFLICTS OF INTEREST REGULARLY.
IRS990ScheduleO/GeneralExplanation/Explanation5COMPENSATION FOR THE CREDIT UNION'S CEO IS REVIEWED ANNUALLY BY THE PERSONNEL COMMITTEE THAT IS DESIGNATED BY THE BOARD. TO DETERMINE THE CEO'S SALARY, THE COMPENSATION COMMITTEE CONSIDERS AMONG OTHER THINGS, PUBLISHED PEER SALARY GUIDE/DATA AND THE CREDIT UNION'S FINANCIAL CONDITION AND RESULTS OF OPERATIONS. THE CEO SETS ALL OTHER MANAGEMENT AND EMPLOYEE SALARIES BASED ON SIMILAR GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS CAN BE FOUND ON THE WEBSITE OF THE NCUA AT NCUA.GOV.
IRS990ScheduleO/GeneralExplanation/Explanation7CHANGE IN OTHER COMPREHENSIVE INCOME -456,266.
IRS990ScheduleO/GeneralExplanation/Explanation8ON 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 JUNE 30 EACH YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation9THE CREDIT UNION'S 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/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XII, LINE 2B:
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART II, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0AL
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10105 FRANKFURT CIRCLE
IRS990/TheBooksAreInCareOf/AddressUS/City0BIRMINGHAM
IRS990/TheBooksAreInCareOf/AddressUS/State0AL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode035211
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10SHEP LOWERY CFO
IRS990/TheBooksAreInCareOf/TelephoneNumber02052263900
IRS990/TotalAssets/BOY0113561770
IRS990/TotalAssetsBOY0113561770
IRS990/TotalAssets/EOY0119044644
IRS990/TotalAssetsEOY0119044644
IRS990/TotalCompGT150K01
IRS990/TotalExpensesCurrentYear05903696
IRS990/TotalExpensesPriorYear06131522
IRS990/TotalFunctionalExpenses/Total05903696
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0101184368
IRS990/TotalLiabilitiesBOY0101184368
IRS990/TotalLiabilities/EOY0107012736
IRS990/TotalLiabilitiesEOY0107012736

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$119,044,644
Liabilities
$107,012,736
Net assets
$12,031,908
Revenue
-
Expenses
$5,903,696
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$181$172$9.86$9.10$8.51$0.59
2023Detailed filing. Detailed filing data is available for this year.$201$192$9.05$9.09$7.58$1.51
2022Detailed filing. Detailed filing data is available for this year.$186$179$6.92$7.75$6.65$1.10
2021Detailed filing. Detailed filing data is available for this year.$188$173$15.3$7.55$5.77$1.78
2020Detailed filing. Detailed filing data is available for this year.$170$155$15.4$6.96$5.94$1.02
2019Detailed filing. Detailed filing data is available for this year.$145$131$14.0$6.96$6.28$0.68
2018Detailed filing. Detailed filing data is available for this year.$141$129$12.0$7.03$6.12$0.91
2017Detailed filing. Detailed filing data is available for this year.$138$126$12.0$6.50$5.97$0.52
2016Detailed filing. Detailed filing data is available for this year.$132$120$11.3$6.36$5.84$0.51
2015Detailed filing. Detailed filing data is available for this year.$129$117$11.7$5.83$5.38$0.45
2014Detailed filing. Detailed filing data is available for this year.$125$114$11.7$5.77$5.38$0.39
2013Detailed filing. Detailed filing data is available for this year.$119$110$8.97$5.70$5.56$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$119$107$12.0$5.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$101$12.4$6.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$104$92.0$11.8$6.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)14 • $100M-$250M nonprofits