Civic Intelligence

Reed Credit Union

990 • Fiscal year 2012 • EIN 74-0856365

Jan 01, 2012 to Dec 31, 2012 • Filed on May 13, 2013

Organization ProfileREEDCREDITUNION.COM

View Organization Page

10200 East Fwy 12577029
Siviq Scores

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

Liabilities / Assets

53rd percentile

0.87x

Higher debt load relative to assets than 53% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

63rd percentile

5.2%

Faster asset growth than 63% of similar nonprofits.

2012 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$21,282,209

Up $1,057,822 (+5.2%) from 2011

Net Assets

Up

$2,685,656

Up $9,445 (+0.4%) from 2011

Liabilities

Up

$18,596,553

Up $1,048,377 (+6.0%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$547,579

Down $33,681 (-5.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$30M$20M$10M$0Assets 2010: $20,957,191Liabilities 2010: $18,300,627Net Assets 2010: $2,656,5642010Assets 2011: $20,224,387Liabilities 2011: $17,548,176Net Assets 2011: $2,676,2112011Assets 2012: $21,282,209Liabilities 2012: $18,596,553Net Assets 2012: $2,685,6562012Assets 2013: $20,076,734Liabilities 2013: $17,403,317Net Assets 2013: $2,673,4172013Assets 2014: $19,424,737Liabilities 2014: $16,781,434Net Assets 2014: $2,643,3032014Assets 2015: $18,262,823Liabilities 2015: $15,678,901Net Assets 2015: $2,583,9222015Assets 2016: $16,543,826Liabilities 2016: $14,026,229Net Assets 2016: $2,517,5972016Assets 2017: $17,400,848Liabilities 2017: $14,923,425Net Assets 2017: $2,477,4232017Assets 2018: $16,783,534Liabilities 2018: $14,292,993Net Assets 2018: $2,490,5412018Assets 2019: $16,481,819Liabilities 2019: $13,962,109Net Assets 2019: $2,519,7102019Assets 2020: $17,060,379Liabilities 2020: $14,516,693Net Assets 2020: $2,543,6862020Assets 2021: $17,226,855Liabilities 2021: $14,680,993Net Assets 2021: $2,545,8622021Assets 2022: $16,760,716Liabilities 2022: $14,262,984Net Assets 2022: $2,497,7322022Assets 2023: $15,666,930Liabilities 2023: $13,112,350Net Assets 2023: $2,554,5802023Assets 2024: $16,169,567Liabilities 2024: $13,501,670Net Assets 2024: $2,667,8972024

Highlighted filing

2012

Assets$21,282,209
Liabilities$18,596,553
Net Assets$2,685,656
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $785,1822010Expenses 2011: $581,2602011Expenses 2012: $547,5792012Revenue 2013: $455,288Expenses 2013: $467,527Net Income 2013: -$12,2392013Revenue 2014: $397,054Expenses 2014: $427,168Net Income 2014: -$30,1142014Revenue 2015: $365,989Expenses 2015: $425,370Net Income 2015: -$59,3812015Revenue 2016: $372,064Expenses 2016: $438,389Net Income 2016: -$66,3252016Revenue 2017: $376,970Expenses 2017: $417,144Net Income 2017: -$40,1742017Revenue 2018: $460,966Expenses 2018: $447,848Net Income 2018: $13,1182018Revenue 2019: $500,854Expenses 2019: $471,685Net Income 2019: $29,1692019Revenue 2020: $528,568Expenses 2020: $504,592Net Income 2020: $23,9762020Revenue 2021: $474,751Expenses 2021: $472,575Net Income 2021: $2,1762021Revenue 2022: $431,886Expenses 2022: $474,364Net Income 2022: -$42,4782022Revenue 2023: $597,885Expenses 2023: $541,037Net Income 2023: $56,8482023Revenue 2024: $726,339Expenses 2024: $613,022Net Income 2024: $113,3172024

Highlighted filing

2012

Revenue-
Expenses$547,579
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 13, 2013
Return Version
2012v2.0
Gross Receipts
$557,024
Mission and Program Overview

Mission

Cooperative provider of credit union financial services

Major Activities

Activity 2
Checking accounts - reed credit union provides checking accounts for member consumers with various features, from free accounts to those with enhanced benefits, most offer dividends that are paid monthly, additionally, reed credit union also provides free debit cards to members who qualify.
Activity 3
Consumer loans - reed credit union has provided vehicle loans since its organization. The consumer line now includes efficient underwriting and flexible offerings for recreational vehicles and boats as well as signature and stock loans, consumer life and disability insurance is available on any of these loan types.
Filing and Contact Details

Filer

EIN
74-0856365
Raw XML Appendix386 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/Activity2/Description0CHECKING ACCOUNTS - REED CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBER CONSUMERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS, MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY, ADDITIONALLY, REED CREDIT UNION ALSO PROVIDES FREE DEBIT CARDS TO MEMBERS WHO QUALIFY.
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IRS990ScheduleO/GeneralExplanation/Explanation0A COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF REED CREDIT UNIONS GOVERNING BODY, AFTER REVIEW AND DISCUSSION THE 990 RETURN IS APPROVED FOR FILING
IRS990ScheduleO/GeneralExplanation/Explanation1THE GOVERNING BODY AND KEY EMPLOYEES REVIEW REED CREDIT UNION'S CONFLICT OF INTEREST POLICY ANNUALLY AND SIGN A STATEMENT OF COMPLIANCE
IRS990ScheduleO/GeneralExplanation/Explanation2REED CREDIT UNION MAKES IT GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. WE NOTIFY OUR MEMBERS TWO TIMES A YEAR IN OUR NEWSLETTER THAT THESE DOCUMENTS ARE AVAILABLE. WE ALSO POST THIS INFORMATION ON OUR WEBSITE.
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ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-05-14T12:59:31-07:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$21,282,209
Liabilities
$18,596,553
Net assets
$2,685,656
Revenue
-
Expenses
$547,579
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$13.5$2.67$0.73$0.61$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.7$13.1$2.55$0.60$0.54$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$14.3$2.50$0.43$0.47$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.2$14.7$2.55$0.47$0.47$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.1$14.5$2.54$0.53$0.50$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$14.0$2.52$0.50$0.47$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$14.3$2.49$0.46$0.45$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$14.9$2.48$0.38$0.42$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$14.0$2.52$0.37$0.44$0.07
2015Detailed filing. Detailed filing data is available for this year.$18.3$15.7$2.58$0.37$0.43$0.06
2014Detailed filing. Detailed filing data is available for this year.$19.4$16.8$2.64$0.40$0.43$0.03
2013Detailed filing. Detailed filing data is available for this year.$20.1$17.4$2.67$0.46$0.47$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.3$18.6$2.69$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$17.5$2.68$0.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$18.3$2.66$0.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)14 • $10M-$25M nonprofits