Civic Intelligence

Credit Union South

EIN 64-0305824 • 501(c)14 • Biloxi, MS

View Organization Page

Profile

Provide low cost loans to its members for consumer purchases and provide a variety of federally insured savings instruments to promote financial security.

400 Veterans Ave Bldg 18Biloxi, MS 39531

www.creditunionsouth.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.91x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

13.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2018

Net Margin

20th percentile

-15%

Higher net margin than 20% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$67,654

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 12.8% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2018

Asset Growth

65th percentile

1.1%

Faster asset growth than 65% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-10%

Faster revenue growth than 17% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$7,604,983

Up $85,027 (+1.1%) from 2017

Liabilities

Up

$6,920,444

Up $163,745 (+2.4%) from 2017

Net Assets

Down

$684,539

Down $78,718 (-10%) from 2017

Operations
Liabilities / Revenue38th percentileNet Margin20th percentile

Revenue

Down

$528,157

Down $59,076 (-10%) from 2017

Expenses

Down

$606,875

Down $56,627 (-8.5%) from 2017

Net Income

Down

-$78,718

Down $2,449 (-3.2%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2008: $7,373,847Liabilities 2008: $6,113,625Net Assets 2008: $1,260,2222008Assets 2010: $7,201,236Liabilities 2010: $5,967,346Net Assets 2010: $1,233,8902010Assets 2011: $7,202,822Liabilities 2011: $5,985,441Net Assets 2011: $1,217,3812011Assets 2012: $8,120,136Liabilities 2012: $6,857,163Net Assets 2012: $1,262,9732012Assets 2013: $7,894,499Liabilities 2013: $6,621,096Net Assets 2013: $1,273,4032013Assets 2014: $8,005,719Liabilities 2014: $6,776,674Net Assets 2014: $1,229,0452014Assets 2015: $8,874,813Liabilities 2015: $7,727,917Net Assets 2015: $1,146,8962015Assets 2016: $8,211,159Liabilities 2016: $7,371,633Net Assets 2016: $839,5262016Assets 2017: $7,519,956Liabilities 2017: $6,756,699Net Assets 2017: $763,2572017Assets 2018: $7,604,983Liabilities 2018: $6,920,444Net Assets 2018: $684,5392018

Highlighted filing

2018

Assets$7,604,983
Liabilities$6,920,444
Net Assets$684,539
Open 2018 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2008: $607,341Expenses 2008: $646,672Net Income 2008: -$39,3312008Expenses 2010: $580,1452010Expenses 2011: $601,7662011Expenses 2012: $578,8132012Revenue 2013: $610,230Expenses 2013: $599,800Net Income 2013: $10,4302013Revenue 2014: $619,499Expenses 2014: $663,857Net Income 2014: -$44,3582014Revenue 2015: $772,558Expenses 2015: $854,707Net Income 2015: -$82,1492015Revenue 2016: $756,871Expenses 2016: $1,064,241Net Income 2016: -$307,3702016Revenue 2017: $587,233Expenses 2017: $663,502Net Income 2017: -$76,2692017Revenue 2018: $528,157Expenses 2018: $606,875Net Income 2018: -$78,7182018

Highlighted filing

2018

Revenue$528,157
Expenses$606,875
Net Income-$78,718
Open 2018 Filing

Filings

Most recent year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,604,983
Liabilities
$6,920,444
Net assets
$684,539
Revenue
$528,157
Expenses
$606,875
Net income
-$78,718
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$7.60$6.92$0.68$0.53$0.61$0.08
2017Detailed filing. Detailed filing data is available for this year.$7.52$6.76$0.76$0.59$0.66$0.08
2016Detailed filing. Detailed filing data is available for this year.$8.21$7.37$0.84$0.76$1.06$0.31
2015Detailed filing. Detailed filing data is available for this year.$8.87$7.73$1.15$0.77$0.85$0.08
2014Detailed filing. Detailed filing data is available for this year.$8.01$6.78$1.23$0.62$0.66$0.04
2013Detailed filing. Detailed filing data is available for this year.$7.89$6.62$1.27$0.61$0.60$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.12$6.86$1.26$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$5.99$1.22$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$5.97$1.23$0.58
2008Summary only. Only limited summary data is available for this year.$7.37$6.11$1.26$0.61$0.65$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$528,157
Mission and Program Overview

Mission

Provide low cost loans to its members for consumer purchases and provide a variety of federally insured savings instruments to promote financial security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,716,470$3,256,470▲ $1,540,000
Other Notes and Loans Receivable, Net$3,750,338$2,736,595▼ $1,013,743
Cash and Non-Interest-Bearing Accounts$1,923,936$1,515,549▼ $408,387
Rtn Earn Endowment Incm Other Fnds$763,257$684,539▼ $78,718
Total Assets$7,519,956$7,604,983▲ $85,027
Other Assets Total$129,212$96,369▼ $32,843
Liabilities
Other Liabilities$6,614,050$6,863,341▲ $249,291
Accounts Payable and Accrued Expenses$142,649$57,103▼ $85,546
Total Liabilities$6,756,699$6,920,444▲ $163,745
Net Assets / Fund Balance
Total Net Assets Fund Balance$763,257$684,539▼ $78,718
Total Liabilities and Net Assets / Fund Balance$7,519,956$7,604,983▲ $85,027

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$150,881$150,881
Other Assets Org$10,772--
Other Securities$3,256,470--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen LizanaPresidentCEOFT$67,654$67,654

Board Members and Trustees

NameTitle
David BoggsBOD Chairperson
Vera AlstonSC Chairman
Kathleen CaldwellBOD Vice Chairperson
Grace SadlerBOD Member
Hubert May JrBOD Member
Judy LandryBOD Member
Ethel J AshleyBOD Treasurer
Regina BoddySC Member
Libby ScarbroughSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$264,469
Investment Income
$67,104
Other Revenue
$196,584
Change in Net Assets
$-78,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$381,770
Salaries, Compensation, and Employee Benefits$225,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,451--$157,451
Fees for Services Other$129,573--$129,573
Office Expenses$71,026--$71,026
Current Officers, Directors, Trustees, and Key Employees$67,654--$67,654
Occupancy$43,866--$43,866
Other Expenses$40,348--$40,348
Interest$6,895--$6,895
Advertising$2,704--$2,704
Travel$-3,573--$-3,573
Total Functional Expenses$606,875$0$0$606,875
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Share Accounts$6,863,341
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Members or stockholders include all members of the Credit Union with depository services.”

Member election for additional members Part VI line 7A

“Members vote to seat Board of Directors. Board of Directors are charged with governing the Credit Union.”

Form 990 governing body review Part VI line 11

“The Credit Unions Board of Directors reviews the Form 990 for accuracy prior to filing with the IRS.”

Conflict of interest policy compliance Part VI line 12C

“The Supervisory Committee monitors and enforces compliance with the conflict of interest policy throughout the calendar year.”

CEO executive director top management comp Part VI line 15A

“Salary surveys of local credit unions and state salary surveys are used, along with time in service, in determining the salary amounts.”

Other officer or key employee compensation Part VI line 15B

“Salary surveys of local credit unions and state salary surveys are used, along with time in service, in determining the salary amounts.”

Governing documents etc available to public Part VI line 19

“The Credit Union makes governing documents, policies, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Credit Union South
EIN
64-0305824
Address
400 Veterans Ave Bldg 18, Biloxi, MS 39531

Signing Officer

Name
Karen Lizana
Title
CEO
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1935
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
8

Preparer

Firm
Griffin and Company LLC
Address
P O Box 983, Mandeville, LA 70470
Preparer
Stephen M Griffin CPA
Phone
9857279924
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Professional and Outside Services $129,573”

List of other expenses Part IX line 24E

“See Overflow Statement for a listing of other expenses.”

Raw XML Appendix380 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0142649
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt057103
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide low cost loans to its members for consumer purchases and provide a variety of federally insured savings instruments to promote financial security.
IRS990/AdvertisingGrp/ProgramServicesAmt02704
IRS990/AdvertisingGrp/TotalAmt02704
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Karen Lizana
IRS990/BooksInCareOfDetail/PhoneNum02283885040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0400 Veterans Ave Bldg 18
IRS990/BooksInCareOfDetail/USAddress/CityNm0Biloxi
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd039531
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01923936
IRS990/CashNonInterestBearingGrp/EOYAmt01515549
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt067654
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt067654
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt067104
IRS990/CYOtherExpensesAmt0381770
IRS990/CYOtherRevenueAmt0196584
IRS990/CYProgramServiceRevenueAmt0264469
IRS990/CYRevenuesLessExpensesAmt0-78718
IRS990/CYSalariesCompEmpBnftPaidAmt0225105
IRS990/CYTotalExpensesAmt0606875
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0528157
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Provide low cost loans to its members and provide various savings instruments.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0606875
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0129573
IRS990/FeesForServicesOtherGrp/TotalAmt0129573
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Ethel J Ashley
IRS990/Form990PartVIISectionAGrp/PersonNm1David Boggs
IRS990/Form990PartVIISectionAGrp/PersonNm2Kathleen Caldwell
IRS990/Form990PartVIISectionAGrp/PersonNm3Hubert May Jr
IRS990/Form990PartVIISectionAGrp/PersonNm4Judy Landry
IRS990/Form990PartVIISectionAGrp/PersonNm5Grace Sadler
IRS990/Form990PartVIISectionAGrp/PersonNm6Vera Alston
IRS990/Form990PartVIISectionAGrp/PersonNm7Regina Boddy
IRS990/Form990PartVIISectionAGrp/PersonNm8Libby Scarbrough
IRS990/Form990PartVIISectionAGrp/PersonNm9Karen Lizana
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt967654
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOD Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOD Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOD Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOD Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOD Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOD Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6SC Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7SC Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9PresidentCEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0528157
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt06895
IRS990/InterestGrp/TotalAmt06895
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt067104
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067104
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01716470
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03256470
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0150881
IRS990/LandBldgEquipCostOrOtherBssAmt0150881
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide low cost loans to its members for consumer purchases and provide a variety of federally insured savings instruments to promote financial security.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0763257
IRS990/NetAssetsOrFundBalancesEOYAmt0684539
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt043866
IRS990/OccupancyGrp/TotalAmt043866
IRS990/OfficeExpensesGrp/ProgramServicesAmt071026
IRS990/OfficeExpensesGrp/TotalAmt071026
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0129212
IRS990/OtherAssetsTotalGrp/EOYAmt096369
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/Desc1Loan Servicing
IRS990/OtherExpensesGrp/Desc2Operating Fees
IRS990/OtherExpensesGrp/Desc3Provision for Loan Loss
IRS990/OtherExpensesGrp/ProgramServicesAmt05652
IRS990/OtherExpensesGrp/ProgramServicesAmt154866
IRS990/OtherExpensesGrp/ProgramServicesAmt230413
IRS990/OtherExpensesGrp/ProgramServicesAmt340348
IRS990/OtherExpensesGrp/TotalAmt05652
IRS990/OtherExpensesGrp/TotalAmt154866
IRS990/OtherExpensesGrp/TotalAmt230413
IRS990/OtherExpensesGrp/TotalAmt340348
IRS990/OtherLiabilitiesGrp/BOYAmt06614050
IRS990/OtherLiabilitiesGrp/EOYAmt06863341
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Fee Income
IRS990/OtherRevenueMiscGrp/Desc1Other Operating Income
IRS990/OtherRevenueMiscGrp/Desc2Gain on Disposition
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0174023
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt119115
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23446
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0174023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23446
IRS990/OtherRevenueTotalAmt0196584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0157451
IRS990/OtherSalariesAndWagesGrp/TotalAmt0157451
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03750338
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02736595
IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0264469
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0264469
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt023995
IRS990/PYOtherExpensesAmt0364764
IRS990/PYOtherRevenueAmt0188317
IRS990/PYProgramServiceRevenueAmt0374921
IRS990/PYRevenuesLessExpensesAmt0-76269
IRS990/PYSalariesCompEmpBnftPaidAmt0298738
IRS990/PYTotalExpensesAmt0663502
IRS990/PYTotalRevenueAmt0587233
IRS990/ReconcilationRevenueExpnssAmt0-78718
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0763257
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0684539
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0150881
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0150881
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt062841
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18201
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt214555
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUA Share Insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Interest on Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Other Fixed Assets
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06863341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Share Accounts
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03256470
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments
IRS990ScheduleD/TotalBookValueOtherAssetsAmt096369
IRS990ScheduleD/TotalBookValueSecuritiesAmt03256470
IRS990ScheduleD/TotalLiabilityAmt06863341
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members or stockholders include all members of the Credit Union with depository services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote to seat Board of Directors. Board of Directors are charged with governing the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Credit Unions Board of Directors reviews the Form 990 for accuracy prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Supervisory Committee monitors and enforces compliance with the conflict of interest policy throughout the calendar year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salary surveys of local credit unions and state salary surveys are used, along with time in service, in determining the salary amounts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salary surveys of local credit unions and state salary surveys are used, along with time in service, in determining the salary amounts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Credit Union makes governing documents, policies, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Professional and Outside Services $129,573
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8See Overflow Statement for a listing of other expenses.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07519956
IRS990/TotalAssetsEOYAmt07604983
IRS990/TotalAssetsGrp/BOYAmt07519956
IRS990/TotalAssetsGrp/EOYAmt07604983
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0606875
IRS990/TotalFunctionalExpensesGrp/TotalAmt0606875
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06756699
IRS990/TotalLiabilitiesEOYAmt06920444
IRS990/TotalLiabilitiesGrp/BOYAmt06756699
IRS990/TotalLiabilitiesGrp/EOYAmt06920444
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0763257
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0684539
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0606875
IRS990/TotalProgramServiceRevenueAmt0264469
IRS990/TotalReportableCompFromOrgAmt067654
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0528157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0528157
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07519956
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07604983
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt0-3573
IRS990/TravelGrp/TotalAmt0-3573
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.creditunionsouth.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Karen Lizana
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Credit Union South
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0640305824
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 Veterans Ave Bldg 18
ReturnHeader/Filer/USAddress/CityNm0Biloxi
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039531
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09951410E62A38AF2EDEB958B9DB92CFAA141090F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09951410E62A38AF2EDEB958B9DB92CFAA141090F
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId072688520191431keeefj
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-23
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.130.6.104
ReturnHeader/FilingSecurityInformation/IPDt02019-05-23
ReturnHeader/FilingSecurityInformation/IPTm010:20:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721506949
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Griffin and Company LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 983
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mandeville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070470
ReturnHeader/PreparerPersonGrp/PhoneNum09857279924
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen M Griffin CPA
ReturnHeader/ReturnTs02019-05-23T10:18:41-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)14 • $5M-$10M nonprofits