Civic Intelligence

State Chartered Credit Unions in Mississippi

EIN 64-0468158 • 501(c)14 • Vicksburg, MS

Profile

Provide savings and loan products to the local community.

P O Box 820240Vicksburg, MS 39182
Siviq Scores

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

Liabilities / Assets

21st percentile

0.78x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

116.95x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

28th percentile

-1.4%

Higher net margin than 28% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$45,437

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

501(c)14 • $10M-$25M nonprofits • Source year 2016

Asset Growth

65th percentile

2.3%

Faster asset growth than 65% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-74%

Faster revenue growth than 1% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,226,254

Up $253,428 (+2.3%) from 2016

Liabilities

Up

$8,717,013

Up $254,483 (+3.0%) from 2016

Net Assets

Down

$2,509,241

Down $1,055 (-0.0%) from 2016

Revenue

Down

$74,536

Down $217,664 (-74%) from 2016

Expenses

Down

$75,591

Down $204,268 (-73%) from 2016

Net Income

Down

-$1,055

Down $13,396 (-109%) from 2016

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $9,802,754Liabilities 2010: $7,433,982Net Assets 2010: $2,368,7722010Assets 2011: $9,902,236Liabilities 2011: $7,499,509Net Assets 2011: $2,402,7272011Assets 2012: $10,091,772Liabilities 2012: $7,637,930Net Assets 2012: $2,453,8422012Assets 2013: $10,392,875Liabilities 2013: $7,932,200Net Assets 2013: $2,460,6752013Assets 2014: $10,864,543Liabilities 2014: $8,386,153Net Assets 2014: $2,478,3902014Assets 2015: $10,752,494Liabilities 2015: $8,254,543Net Assets 2015: $2,497,9512015Assets 2016: $10,972,826Liabilities 2016: $8,462,530Net Assets 2016: $2,510,2962016Assets 2017: $11,226,254Liabilities 2017: $8,717,013Net Assets 2017: $2,509,2412017

Highlighted filing

2017

Assets$11,226,254
Liabilities$8,717,013
Net Assets$2,509,241

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $362,2932010Expenses 2011: $282,6402011Expenses 2012: $233,6672012Revenue 2013: $261,380Expenses 2013: $254,547Net Income 2013: $6,8332013Revenue 2014: $254,476Expenses 2014: $236,761Net Income 2014: $17,7152014Revenue 2015: $278,660Expenses 2015: $259,099Net Income 2015: $19,5612015Revenue 2016: $292,200Expenses 2016: $279,859Net Income 2016: $12,3412016Revenue 2017: $74,536Expenses 2017: $75,591Net Income 2017: -$1,0552017

Highlighted filing

2017

Revenue$74,536
Expenses$75,591
Net Income-$1,055

Filings

Latest Detailed Filing

The latest 2017 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$292,200
Mission and Program Overview

Mission

Provide savings and loan products to the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,777,953$7,981,809▲ $203,856
Rtn Earn Endowment Incm Other Fnds$2,497,951$2,510,296▲ $12,345
Other Notes and Loans Receivable, Net$2,402,523$2,428,801▲ $26,278
Land, Buildings, and Equipment, Net$468,675$458,701▼ $9,974
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,752,494$10,972,826▲ $220,332
Other Assets Total$103,343$103,515▲ $172
Liabilities
Other Liabilities$8,239,177$8,445,945▲ $206,768
Accounts Payable and Accrued Expenses$15,366$16,585▲ $1,219
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,254,543$8,462,530▲ $207,987
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,497,951$2,510,296▲ $12,345
Total Liabilities and Net Assets / Fund Balance$10,752,494$10,972,826▲ $220,332

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$332,202$9,420$0
Other Land Buildings$0$0$0
Land$122,136-$0
Equipment$4,363$3,564$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Geraldine HicksPresident and CEOFT$45,437$45,437

Board Members and Trustees

NameTitle
Howard AustinPresident
Abraham GreenVice President
Joseph MocknickBoard Member
Kamace PriestBoard Member
Pamela BarnesBoard Member
Loretta BrantleySecretary
Tom OsburnTreasureer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$292,200
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$12,341

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,200
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$292,200
Total Revenue per Form 990
$292,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,209
Salaries, Compensation, and Employee Benefits$127,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$62,261
Current Officers, Directors, Trustees, and Key Employees---$45,437
Interest---$33,656
Other Expenses---$18,916
All Other Expenses---$8,704
Payroll Taxes---$8,525
Other Employee Benefits---$5,847
Pension Plan Contributions---$5,580
Travel---$2,114
Total Functional Expenses$0$0$0$279,859

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$279,859
Total Expenses per Audited Statements$279,859
Total Expenses per Form 990$279,859
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$8,445,945
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Credit union is composed of members.

Form 990, Part VI, Section A, Line 7A

Members vote on by-laws and charter changes. Members also elect board members at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Mergers are voted on by all members.

Form 990, Part VI, Section B, Line 11B

Management reviews tax returns. Board reviews tax return at the next scheduled meeting.

Form 990, Part VI, Section B, Line 12C

Employee loans are board approved. Loans to board members are governed by ncua guidelines. Board members obstain from voting on issues related to their personal well being.

Form 990, Part VI, Section B, Line 15

Executive and employees salaries are board approved yearly. Board of directors are volunteers and not compensated.

Form 990, Part VI, Section C, Line 18

Documents are posted in the lobby for public review. Copies are furnished upon request.

Form 990, Part VI, Section C, Line 19

Documents are posted in the lobby for public review. Copies are furnished upon request.

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Unions in Mississippi
EIN
64-0468158
Phone
6016364434
Address
P O BOX 820240, VICKSBURG, MS 39182
Doing Business As
Vickswood Credit Union

Signing Officer

Name
Jerry Hicks
Title
Manager
Phone
6016364434
Signed
2017-05-10

Organization Details

Principal Officer
Jerry Hicks
Formed
1961
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24A - 24D

Provisions for loan loss office operations office occupancy professional and outside services

Form 990, Part XI, Line 9

$4 in the gl suspense account due to a coversion to another core system

Raw XML AppendixShowing 400 of 448 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/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0138671
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0278660
IRS990/PYRevenuesLessExpensesAmt019561
IRS990/PYSalariesCompEmpBnftPaidAmt0120428
IRS990/PYTotalExpensesAmt0259099
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0278660
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt012341
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02497951
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02510296
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07777953
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07981809
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0332202
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09420
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0341622
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04363
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03564
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07927
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0279859
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0122136
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0122136
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08445945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0292200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0458701
IRS990ScheduleD/TotalExpensesPerForm990Amt0279859
IRS990ScheduleD/TotalLiabilityAmt08445945
IRS990ScheduleD/TotalRevenuePerForm990Amt0292200
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0292200
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0279859
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDIT UNION IS COMPOSED OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS VOTE ON BY-LAWS AND CHARTER CHANGES. MEMBERS ALSO ELECT BOARD MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MERGERS ARE VOTED ON BY ALL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWS TAX RETURNS. BOARD REVIEWS TAX RETURN AT THE NEXT SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMPLOYEE LOANS ARE BOARD APPROVED. LOANS TO BOARD MEMBERS ARE GOVERNED BY NCUA GUIDELINES. BOARD MEMBERS OBSTAIN FROM VOTING ON ISSUES RELATED TO THEIR PERSONAL WELL BEING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE AND EMPLOYEES SALARIES ARE BOARD APPROVED YEARLY. BOARD OF DIRECTORS ARE VOLUNTEERS AND NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE POSTED IN THE LOBBY FOR PUBLIC REVIEW. COPIES ARE FURNISHED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE POSTED IN THE LOBBY FOR PUBLIC REVIEW. COPIES ARE FURNISHED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROVISIONS FOR LOAN LOSS OFFICE OPERATIONS OFFICE OCCUPANCY PROFESSIONAL AND OUTSIDE SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9$4 IN THE GL SUSPENSE ACCOUNT DUE TO A COVERSION TO ANOTHER CORE SYSTEM
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24a - 24d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010752494
IRS990/TotalAssetsEOYAmt010972826
IRS990/TotalAssetsGrp/BOYAmt010752494
IRS990/TotalAssetsGrp/EOYAmt010972826
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08254543
IRS990/TotalLiabilitiesEOYAmt08462530
IRS990/TotalLiabilitiesGrp/BOYAmt08254543
IRS990/TotalLiabilitiesGrp/EOYAmt08462530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02497951
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02510296
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00

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