Civic Intelligence

Riverdale Credit Union

990 • Fiscal year 2014 • EIN 63-0580628

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 10, 2015

Organization ProfileWWW.RIVERDALECU.COM

View Organization Page

198 Highland AvenueSelma, AL 36701

(334) 872-9096

Siviq Scores

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

Liabilities / Assets

37th percentile

0.88x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

11.69x

Higher debt load relative to revenue than 12% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$206,316

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2014

Asset Growth

36th percentile

1.2%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

13%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$64,160,099

Up $786,599 (+1.2%) from 2013

Net Assets

Up

$7,729,242

Up $648,420 (+9.2%) from 2013

Liabilities

Up

$56,430,857

Up $138,179 (+0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin65th percentile

Revenue

Up

$4,827,156

Up $569,668 (+13%) from 2013

Expenses

Up

$4,177,217

Up $711,471 (+21%) from 2013

Net Income

Down

$649,939

Down $141,803 (-18%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$80M$60M$40M$20M$0Assets 2010: $43,721,388Liabilities 2010: $38,388,180Net Assets 2010: $5,333,2082010Assets 2011: $48,821,357Liabilities 2011: $43,021,358Net Assets 2011: $5,799,9992011Assets 2012: $55,233,094Liabilities 2012: $48,944,014Net Assets 2012: $6,289,0802012Assets 2013: $63,373,500Liabilities 2013: $56,292,678Net Assets 2013: $7,080,8222013Assets 2014: $64,160,099Liabilities 2014: $56,430,857Net Assets 2014: $7,729,2422014Assets 2015: $66,971,955Liabilities 2015: $58,616,085Net Assets 2015: $8,355,8702015Assets 2016: $72,673,823Liabilities 2016: $63,793,864Net Assets 2016: $8,879,9592016

Highlighted filing

2014

Assets$64,160,099
Liabilities$56,430,857
Net Assets$7,729,242
Open 2014 Filing

Operations Trend

Revenue Growth93rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $2,936,6722010Expenses 2011: $3,097,1442011Expenses 2012: $3,357,4552012Revenue 2013: $4,257,488Expenses 2013: $3,465,746Net Income 2013: $791,7422013Revenue 2014: $4,827,156Expenses 2014: $4,177,217Net Income 2014: $649,9392014Revenue 2015: $5,358,932Expenses 2015: $4,732,577Net Income 2015: $626,3552015Revenue 2016: $6,293,291Expenses 2016: $5,769,519Net Income 2016: $523,7722016

Highlighted filing

2014

Revenue$4,827,156
Expenses$4,177,217
Net Income$649,939
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 10, 2015
Return Version
2014v5.0
Gross Receipts
$4,827,156
Mission and Program Overview

Mission

Credit union-to provide services to approximately 10,082 members in the form of loans, savings, and other financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$40,159,506$45,792,535▲ $5,633,029
Investments Other Securities$9,739,063$7,363,836▼ $2,375,227
Cash and Non-Interest-Bearing Accounts$9,046,629$6,457,706▼ $2,588,923
Cap Stk Tr Prin Current Funds$5,700,002$5,700,002→ $0
Rtn Earn Endowment Incm Other Fnds$1,380,820$2,029,240▲ $648,420
Prepaid Expenses and Deferred Charges$91,915$1,601,675▲ $1,509,760
Land, Buildings, and Equipment, Net$1,537,813$1,533,344▼ $4,469
Savings and Temporary Cash Investments$1,998,000$496,000▼ $1,502,000
Total Assets$63,373,500$64,160,099▲ $786,599
Other Assets Total$800,574$915,003▲ $114,429
Liabilities
Other Liabilities$55,666,733$55,900,318▲ $233,585
Accounts Payable and Accrued Expenses$625,945$530,539▼ $95,406
Total Liabilities$56,292,678$56,430,857▲ $138,179
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,080,822$7,729,242▲ $648,420
Total Liabilities and Net Assets / Fund Balance$63,373,500$64,160,099▲ $786,599

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,274,034$391,576$1,665,610
Equipment$127,310$860,557$987,867
Land$132,000-$132,000
Leasehold Improvements-$60,153$60,153
Other Securities$843,275--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda S WalkerPresident/ceFT$122,387$83,929$206,316
Linda S WalkerPresident/CEO-$98,232$108,084$206,316

Board Members and Trustees

NameTitle
Marion P HigginbothamBoard Chairm
Charles W UsreyBoard Member
Denise ViceBoard Member
Hugh M Ware JrBoard Member
Ira H Curry JrBoard Member
Jerry H CaseyBoard Member
Kirk EllisonBoard Member
Ray OliverBoard Member
Charles a MehanCredit COM C
David L RinehartCredit COM M
Willie E SmileyCredit COM M
David S AtchisonSecretary/tr
Darren AtchisonSupervisory
Michelle R AdamsSupervisory
Sherri H SandersonSupervisory
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,459,460
Investment Income
$102,193
Other Revenue
$265,503
Change in Net Assets
$649,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,032,981
Salaries, Compensation, and Employee Benefits$1,144,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$749,606-$749,606
Interest-$496,603-$496,603
Office Expenses-$465,104-$465,104
Other Employee Benefits-$335,056-$335,056
Occupancy-$167,824-$167,824
Other Expenses-$91,097-$91,097
Conferences and Meetings-$62,832-$62,832
All Other Expenses-$61,992-$61,992
Payroll Taxes-$59,574-$59,574
Total Functional Expenses$0$4,177,217$0$4,177,217
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$33,714,912
Regular Shares$16,386,940
Share Drafts$5,798,466
Member Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 990. The form 990 is available for review by the board of directors upon request.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors monitor and enforce the conflict of interst policy.”

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

“Yes, includes comparability data from the league and cuna salary information.”

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
Riverdale Credit Union
EIN
63-0580628
Phone
3348729096
Address
198 HIGHLAND AVENUE, SELMA, AL 36701

Signing Officer

Name
Linda S Walker
Title
President/CEO
Phone
3348729096
Signed
2015-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda S Walker
Formed
1967
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
15

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, Part XI, Line 9

“Other comprehensive income 1,518 due to rounding 1”

Form 990, Part XII

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

Raw XML AppendixShowing 400 of 432 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/PayrollTaxesGrp/ManagementAndGeneralAmt059574
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt091915
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES TO ITS MEMBERS.
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0127310
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0860557
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0987867
IRS990ScheduleD/LandGrp/BookValueAmt0132000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0132000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060153
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt060153
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt033714912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116386940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25798466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEMBER DEPOSITS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1843275
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt083929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt013000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LINDA S WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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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 IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGER REVIEWS THE FORM 990. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTERST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6YES, INCLUDES COMPARABILITY DATA FROM THE LEAGUE AND CUNA SALARY INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER COMPREHENSIVE INCOME 1,518 DUE TO ROUNDING 1
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 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
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
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceRevenueAmt04459460
IRS990/TotalReportableCompFromOrgAmt0122387
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04827156
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd036701

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,160,099
Liabilities
$56,430,857
Net assets
$7,729,242
Revenue
$4,827,156
Expenses
$4,177,217
Net income
$649,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$72.7$63.8$8.88$6.29$5.77$0.52
2015Detailed filing. Detailed filing data is available for this year.$67.0$58.6$8.36$5.36$4.73$0.63
2014Detailed filing. Detailed filing data is available for this year.$64.2$56.4$7.73$4.83$4.18$0.65
2013Detailed filing. Detailed filing data is available for this year.$63.4$56.3$7.08$4.26$3.47$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.2$48.9$6.29$3.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.8$43.0$5.80$3.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.7$38.4$5.33$2.94
Peer Organizations

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