Civic Intelligence

State Chartered Credit Union Natchez-Adams Educators Credit Union

990 • Fiscal year 2016 • EIN 64-6023786

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

P O Box 774Natchez, MS 39121-0774

(601) 445-2851

Siviq Scores

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

Liabilities / Assets

14th percentile

0.62x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

11.12x

Higher debt load relative to revenue than 23% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Net Margin

23rd percentile

-7.5%

Higher net margin than 23% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

38th percentile

$18,900

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-8.3%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-14%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,487,995

Down $134,413 (-8.3%) from 2015

Net Assets

Down

$559,343

Down $6,248 (-1.1%) from 2015

Liabilities

Down

$928,652

Down $128,165 (-12%) from 2015

Revenue

Down

$83,480

Down $13,805 (-14%) from 2015

Expenses

Down

$89,728

Down $1,327 (-1.5%) from 2015

Net Income

Down

-$6,248

Down $12,478 (-200%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,571,183Liabilities 2010: $1,099,240Net Assets 2010: $471,9432010Assets 2011: $1,654,602Liabilities 2011: $1,152,284Net Assets 2011: $502,3182011Assets 2012: $1,745,532Liabilities 2012: $1,207,243Net Assets 2012: $538,2892012Assets 2013: $1,755,568Liabilities 2013: $1,205,140Net Assets 2013: $550,4282013Assets 2014: $1,742,880Liabilities 2014: $1,183,519Net Assets 2014: $559,3612014Assets 2015: $1,622,408Liabilities 2015: $1,056,817Net Assets 2015: $565,5912015Assets 2016: $1,487,995Liabilities 2016: $928,652Net Assets 2016: $559,3432016

Highlighted filing

2016

Assets$1,487,995
Liabilities$928,652
Net Assets$559,343

Operations Trend

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

$150K$100K$50K$0-$50KExpenses 2010: $101,9892010Revenue 2011: $142,996Expenses 2011: $112,621Net Income 2011: $30,3752011Revenue 2012: $143,518Expenses 2012: $107,547Net Income 2012: $35,9712012Revenue 2013: $120,671Expenses 2013: $108,532Net Income 2013: $12,1392013Revenue 2014: $106,481Expenses 2014: $97,548Net Income 2014: $8,9332014Revenue 2015: $97,285Expenses 2015: $91,055Net Income 2015: $6,2302015Revenue 2016: $83,480Expenses 2016: $89,728Net Income 2016: -$6,2482016

Highlighted filing

2016

Revenue$83,480
Expenses$89,728
Net Income-$6,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$83,480
Mission and Program Overview

Mission

To promote thrift, to issue shares or maintain deposits as set forth in the by-laws of said credit union, to make loans to its members at reasonable rates of interest, to invest any surplus not required for loans to members in the way and manner provided by law, to exercise those functions described in the laws of the state of mississippi and the rules and regulations of the department of banking and consumer finance.

CREDIT UNION

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,032,186$883,350▼ $148,836
Rtn Earn Endowment Incm Other Fnds$565,591$559,343▼ $6,248
Other Notes and Loans Receivable, Net$467,191$424,155▼ $43,036
Cash and Non-Interest-Bearing Accounts$98,850$156,618▲ $57,768
Prepaid Expenses and Deferred Charges$8,538$10,116▲ $1,578
Land, Buildings, and Equipment, Net$994$331▼ $663
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,622,408$1,487,995▼ $134,413
Other Assets Total$14,649$13,425▼ $1,224
Liabilities
Other Liabilities$1,051,617$924,617▼ $127,000
Accounts Payable and Accrued Expenses$5,200$4,035▼ $1,165
Total Liabilities$1,056,817$928,652▼ $128,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$565,591$559,343▼ $6,248
Total Liabilities and Net Assets / Fund Balance$1,622,408$1,487,995▼ $134,413

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$331$36,776$37,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa FordManager/CEOPT$18,900$18,900

Board Members and Trustees

NameTitle
Lorene MockChairperson
Cassandra TennesseeCredit Committee Chairpers
Sheila HickinbottomVice-chairperson
Denise FordBoard Member
Donna WellbornBoard Member
Nick PetermanBoard Member
Shantoura SpearsCredit Committee Member
Linda GraftonSecretary
Esther MackelSupervisory Committee Chai
Iris MylesSupervisory Committee Memb
Phyllis LewellynSupervisory Committee Memb
Yamika ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,853
Investment Income
$5,679
Other Revenue
$7,948
Change in Net Assets
$-6,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$52,437
Other Expenses$37,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$29,488
Current Officers, Directors, Trustees, and Key Employees---$18,900
Office Expenses---$6,477
Payroll Taxes---$4,049
Insurance---$3,657
Other Expenses---$2,439
All Other Expenses---$1,728
Depreciation Depletion---$663
Fees for Services Accounting---$127
Total Functional Expenses$0$0$0$89,728
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
Members Share Balance$924,617
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The depositors are considered shareholders of the organization.

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

The shareholders elect the directors.

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

Supervisory committee is given a copy of the form 990 and reviews it.

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

Conflict of interests are discussed and disclosed annually or when ever there is a change in officers

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
State Chartered Credit Union
EIN
64-6023786
Phone
6014452851
Address
P O BOX 774, NATCHEZ, MS 39121-0774

Signing Officer

Name
Teresa Ford
Title
Manager
Phone
6014452851
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorene Mock
Formed
1970
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Silas Simmons Llp
Address
PO BOX 1027, NATCHEZ, MS 39121-1027
Preparer
Ginga C Maclaughlin CPA
Phone
6014427411
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

MODIFIED CASH

Raw XML AppendixShowing 400 of 459 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/SavingsAndTempCashInvstGrp/BOYAmt01032186
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0883350
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0331
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036776
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037107
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0924617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS SHARE BALANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0331
IRS990ScheduleD/TotalLiabilityAmt0924617
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt21986
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt7366
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt8165
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd71
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd81
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd60
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd70
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd80
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd7X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd8X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt7PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt8PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt12510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt22510
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3410
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4610
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt5560
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt6410
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt7610
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt8210
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0YAMIKA S THOMAS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1YAMIKA S THOMAS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2CASSANDRA TENNESSEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm7SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm8SHANTOURA SPEARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER - TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER - TREASURER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2CREDIT COMMITTEE CHAIRPERSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt7CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt8CREDIT COMMITTEE MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd71
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd81
IRS990ScheduleL/TotalBalanceDueAmt05027
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DEPOSITORS ARE CONSIDERED SHAREHOLDERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SHAREHOLDERS ELECT THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUPERVISORY COMMITTEE IS GIVEN A COPY OF THE FORM 990 AND REVIEWS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTERESTS ARE DISCUSSED AND DISCLOSED ANNUALLY OR WHEN EVER THERE IS A CHANGE IN OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MODIFIED CASH
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01622408
IRS990/TotalAssetsEOYAmt01487995
IRS990/TotalAssetsGrp/BOYAmt01622408
IRS990/TotalAssetsGrp/EOYAmt01487995
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt089728
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01056817
IRS990/TotalLiabilitiesEOYAmt0928652
IRS990/TotalLiabilitiesGrp/BOYAmt01056817
IRS990/TotalLiabilitiesGrp/EOYAmt0928652
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0565591

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