Civic Intelligence

Professional Fire Fighters Credit Union

990 • Fiscal year 2015 • EIN 72-0571436

Jan 01, 2015 to Dec 31, 2015 • Filed on May 17, 2016

9410 Healthplex DriveShreveport, LA 71106

(318) 603-0626

Siviq Scores

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

Liabilities / Assets

12th percentile

0.81x

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

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

21.88x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Net Margin

97th percentile

30%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

22nd percentile

$72,041

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2015

Asset Growth

71st percentile

5.6%

Faster asset growth than 71% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

66th percentile

3.7%

Faster revenue growth than 66% of similar nonprofits.

2015 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$39,035,452

Up $2,081,636 (+5.6%) from 2014

Net Assets

Up

$7,232,352

Up $437,183 (+6.4%) from 2014

Liabilities

Up

$31,803,100

Up $1,644,453 (+5.5%) from 2014

Revenue

Up

$1,453,824

Up $51,491 (+3.7%) from 2014

Expenses

Down

$1,016,641

Down $21,532 (-2.1%) from 2014

Net Income

Up

$437,183

Up $73,023 (+20%) from 2014

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $33,891,945Liabilities 2010: $28,350,795Net Assets 2010: $5,541,1502010Assets 2011: $34,262,928Liabilities 2011: $28,453,069Net Assets 2011: $5,809,8592011Assets 2012: $35,293,741Liabilities 2012: $29,190,160Net Assets 2012: $6,103,5812012Assets 2013: $37,399,140Liabilities 2013: $30,968,132Net Assets 2013: $6,431,0082013Assets 2014: $36,953,816Liabilities 2014: $30,158,647Net Assets 2014: $6,795,1692014Assets 2015: $39,035,452Liabilities 2015: $31,803,100Net Assets 2015: $7,232,3522015Assets 2016: $39,112,420Liabilities 2016: $31,489,913Net Assets 2016: $7,622,5072016Assets 2017: $40,576,036Liabilities 2017: $32,616,367Net Assets 2017: $7,959,6692017Assets 2018: $44,895,707Liabilities 2018: $36,435,889Net Assets 2018: $8,459,8182018Assets 2019: $46,834,599Liabilities 2019: $37,869,055Net Assets 2019: $8,965,5442019Assets 2020: $53,689,245Liabilities 2020: $44,233,962Net Assets 2020: $9,455,2832020Assets 2021: $59,963,555Liabilities 2021: $50,139,859Net Assets 2021: $9,823,6962021Assets 2022: $64,529,288Liabilities 2022: $54,239,997Net Assets 2022: $10,289,2912022Assets 2023: $65,614,485Liabilities 2023: $54,539,968Net Assets 2023: $11,074,5172023Assets 2025: $71,819,438Liabilities 2025: $58,338,473Net Assets 2025: $13,480,9652025

Highlighted filing

2015

Assets$39,035,452
Liabilities$31,803,100
Net Assets$7,232,352

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,448,8772010Revenue 2011: $1,474,186Expenses 2011: $1,205,477Net Income 2011: $268,7092011Expenses 2012: $1,156,3662012Revenue 2013: $1,406,519Expenses 2013: $1,079,092Net Income 2013: $327,4272013Revenue 2014: $1,402,333Expenses 2014: $1,038,173Net Income 2014: $364,1602014Revenue 2015: $1,453,824Expenses 2015: $1,016,641Net Income 2015: $437,1832015Revenue 2016: $1,464,417Expenses 2016: $1,074,262Net Income 2016: $390,1552016Revenue 2017: $1,490,653Expenses 2017: $1,153,490Net Income 2017: $337,1632017Revenue 2018: $1,697,489Expenses 2018: $1,197,341Net Income 2018: $500,1482018Revenue 2019: $1,839,955Expenses 2019: $1,334,229Net Income 2019: $505,7262019Revenue 2020: $1,874,351Expenses 2020: $1,384,612Net Income 2020: $489,7392020Revenue 2021: $1,808,132Expenses 2021: $1,439,722Net Income 2021: $368,4102021Revenue 2022: $1,990,559Expenses 2022: $1,524,961Net Income 2022: $465,5982022Revenue 2023: $2,771,783Expenses 2023: $1,986,557Net Income 2023: $785,2262023Revenue 2025: $3,591,181Expenses 2025: $2,389,765Net Income 2025: $1,201,4162025

Highlighted filing

2015

Revenue$1,453,824
Expenses$1,016,641
Net Income$437,183
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 17, 2016
Return Version
2015v2.1
Gross Receipts
$1,453,824
Mission and Program Overview

Mission

Provide affordable financial services for the 2707 members

To provide affordable financial services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,732,320$21,546,418▲ $814,098
Cash and Non-Interest-Bearing Accounts$7,506,317$8,639,383▲ $1,133,066
Investments Other Securities$7,596,190$7,798,579▲ $202,389
Rtn Earn Endowment Incm Other Fnds$6,795,169$7,232,352▲ $437,183
Land, Buildings, and Equipment, Net$709,714$697,821▼ $11,893
Prepaid Expenses and Deferred Charges$300$300→ $0
Total Assets$36,953,816$39,035,452▲ $2,081,636
Other Assets Total$408,975$352,951▼ $56,024
Liabilities
Other Liabilities$29,763,364$31,474,415▲ $1,711,051
Accounts Payable and Accrued Expenses$395,283$328,685▼ $66,598
Total Liabilities$30,158,647$31,803,100▲ $1,644,453
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,795,169$7,232,352▲ $437,183
Total Liabilities and Net Assets / Fund Balance$36,953,816$39,035,452▲ $2,081,636

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$676,302$48,698$725,000
Equipment$21,519$57,449$78,968
Other Securities$7,798,579--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bobby CannonCEOFT$72,041$72,041

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$62,561
Other Revenue
$1,391,263
Change in Net Assets
$437,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$664,420
Salaries, Compensation, and Employee Benefits$352,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$225,883--$225,883
Payments to Affiliates$98,098--$98,098
Current Officers, Directors, Trustees, and Key Employees$72,041--$72,041
Office Expenses$60,427--$60,427
Occupancy$35,981--$35,981
Other Employee Benefits$32,807--$32,807
Payroll Taxes$21,490--$21,490
Advertising$13,863--$13,863
Depreciation Depletion$12,574--$12,574
Fees for Services Management$12,000--$12,000
Travel$10,954--$10,954
Other Expenses$8,100--$8,100
All Other Expenses$660--$660
Total Functional Expenses$1,016,641$0$0$1,016,641
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
Suspenses Accounts$31,302,757
Member Shares on Deposits$81,584
Payroll Taxes Payable$48,412
401 Payable$39,285
Dividends Payable$2,054
Federal income taxes$323
Accrued Expenses-
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line LINE 11

A copy of the 990 was reviewed with the board of directors

Form 990, Part VI, Section C, Line LINE 19

Hard copies of all policies are available upon request in the credit union office.

Filing and Contact Details

Filer

Filer Name
Professional Fire Fighters Credit Union
EIN
72-0571436
Phone
3186030626
Address
9410 HEALTHPLEX DRIVE, SHREVEPORT, LA 71106

Signing Officer

Name
Bobby Cannon
Title
CEO
Signed
2016-05-17
Discuss with paid preparer
Yes

Organization Details

Formed
1952
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
6

Preparer

Firm
Mark Ford CPA LLC
Address
9253 WALLACE LAKE RD, SHREVEPORT, LA 71106
Preparer
Mark Ford
Phone
3186887006
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 32

No unrelated income in 2015

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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020732320
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021546418
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt098098
IRS990/PaymentsToAffiliatesGrp/TotalAmt098098
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt021490
IRS990/PayrollTaxesGrp/TotalAmt021490
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0300
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0BOBBY CANNON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt053260
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0703500
IRS990/PYOtherRevenueAmt01349073
IRS990/PYRevenuesLessExpensesAmt0364160
IRS990/PYSalariesCompEmpBnftPaidAmt0334673
IRS990/PYTotalExpensesAmt01038173
IRS990/PYTotalRevenueAmt01402333
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0437183
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01453824
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06795169
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07232352
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0676302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt048698
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0725000
IRS990ScheduleD/EquipmentGrp/BookValueAmt021519
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057449
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt078968
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt248412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt339285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt431302757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt581584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3401 PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SUSPENSES ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5MEMBER SHARES ON DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ACCRUED EXPENSES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07798579
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CREDIT UNION INVESTMENTS/ CDS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0697821
IRS990ScheduleD/TotalBookValueSecuritiesAmt07798579
IRS990ScheduleD/TotalLiabilityAmt031474415
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO UNRELATED INCOME IN 2015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HARD COPIES OF ALL POLICIES ARE AVAILABLE UPON REQUEST IN THE CREDIT UNION OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 32
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0LA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036953816
IRS990/TotalAssetsEOYAmt039035452
IRS990/TotalAssetsGrp/BOYAmt036953816
IRS990/TotalAssetsGrp/EOYAmt039035452
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01016641
IRS990/TotalFunctionalExpensesGrp/TotalAmt01016641
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030158647
IRS990/TotalLiabilitiesEOYAmt031803100
IRS990/TotalLiabilitiesGrp/BOYAmt030158647
IRS990/TotalLiabilitiesGrp/EOYAmt031803100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06795169
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07232352
IRS990/TotalProgramServiceExpensesAmt01016641
IRS990/TotalReportableCompFromOrgAmt072041
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01453824
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01453824
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036953816
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039035452
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt010954
IRS990/TravelGrp/TotalAmt010954
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09410 HEALTHPLEX DRIVE
IRS990/USAddress/CityNm0SHREVEPORT
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071106
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0profirefighterscu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBY CANNON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROFESSIONAL FIRE FIGHTERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0PROF
ReturnHeader/Filer/EIN0720571436
ReturnHeader/Filer/PhoneNum03186030626
ReturnHeader/Filer/USAddress/AddressLine1Txt09410 HEALTHPLEX DRIVE
ReturnHeader/Filer/USAddress/CityNm0SHREVEPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071106
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK FORD CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09253 WALLACE LAKE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHREVEPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071106
ReturnHeader/PreparerPersonGrp/PhoneNum03186887006
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-17

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.8$58.3$13.5$3.59$2.39$1.20
2023Summary only. Only limited summary data is available for this year.$65.6$54.5$11.1$2.77$1.99$0.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.5$54.2$10.3$1.99$1.52$0.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.0$50.1$9.82$1.81$1.44$0.37
2020Summary only. Only limited summary data is available for this year.$53.7$44.2$9.46$1.87$1.38$0.49
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$37.9$8.97$1.84$1.33$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.9$36.4$8.46$1.70$1.20$0.50
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.6$32.6$7.96$1.49$1.15$0.34
2016Summary only. Only limited summary data is available for this year.$39.1$31.5$7.62$1.46$1.07$0.39
2015Detailed filing. Detailed filing data is available for this year.$39.0$31.8$7.23$1.45$1.02$0.44
2014Summary only. Only limited summary data is available for this year.$37.0$30.2$6.80$1.40$1.04$0.36
2013Detailed filing. Detailed filing data is available for this year.$37.4$31.0$6.43$1.41$1.08$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$29.2$6.10$1.16
2011Summary only. Only limited summary data is available for this year.$34.3$28.5$5.81$1.47$1.21$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$28.4$5.54$1.45