Civic Intelligence

Nce Credit Union

990 • Fiscal year 2014 • EIN 74-1383594

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 09, 2015

Organization ProfileWWW.NCECREDIT UNION.NET
901 Leopard Suite 114Corpus Christi, TX 78401

(361) 882-4780

Siviq Scores

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

Liabilities / Assets

44th percentile

0.81x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

12.46x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

60th percentile

6.6%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

90th percentile

7.6%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

59th percentile

0.8%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$4,803,707

Up $339,700 (+7.6%) from 2013

Net Assets

Up

$915,074

Up $20,530 (+2.3%) from 2013

Liabilities

Up

$3,888,633

Up $319,170 (+8.9%) from 2013

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin60th percentile

Revenue

Up

$312,014

Up $2,526 (+0.8%) from 2013

Expenses

Up

$291,484

Up $9,764 (+3.5%) from 2013

Net Income

Down

$20,530

Down $7,238 (-26%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,001,341Liabilities 2010: $3,255,015Net Assets 2010: $746,3262010Assets 2011: $4,234,747Liabilities 2011: $3,415,964Net Assets 2011: $818,7832011Assets 2012: $4,304,916Liabilities 2012: $3,438,140Net Assets 2012: $866,7762012Assets 2013: $4,464,007Liabilities 2013: $3,569,463Net Assets 2013: $894,5442013Assets 2014: $4,803,707Liabilities 2014: $3,888,633Net Assets 2014: $915,0742014Assets 2015: $4,963,241Liabilities 2015: $4,016,546Net Assets 2015: $946,6952015Assets 2016: $5,379,392Liabilities 2016: $4,390,706Net Assets 2016: $988,6862016Assets 2017: $5,382,502Liabilities 2017: $4,358,512Net Assets 2017: $1,023,9902017Assets 2018: $5,085,655Liabilities 2018: $4,036,731Net Assets 2018: $1,048,9242018Assets 2019: $5,153,728Liabilities 2019: $4,101,545Net Assets 2019: $1,052,1832019Assets 2020: $5,424,758Liabilities 2020: $4,388,547Net Assets 2020: $1,036,2112020Assets 2021: $5,422,740Liabilities 2021: $4,342,265Net Assets 2021: $1,080,4752021Assets 2022: $5,289,022Liabilities 2022: $4,174,361Net Assets 2022: $1,114,6612022Assets 2023: $5,387,978Liabilities 2023: $4,209,353Net Assets 2023: $1,178,6252023Assets 2024: $5,608,470Liabilities 2024: $4,411,569Net Assets 2024: $1,196,9012024

Highlighted filing

2014

Assets$4,803,707
Liabilities$3,888,633
Net Assets$915,074
Open 2014 Filing

Operations Trend

Revenue Growth59th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $281,8272010Expenses 2011: $285,0692011Revenue 2012: $348,114Expenses 2012: $300,121Net Income 2012: $47,9932012Revenue 2013: $309,488Expenses 2013: $281,720Net Income 2013: $27,7682013Revenue 2014: $312,014Expenses 2014: $291,484Net Income 2014: $20,5302014Revenue 2015: $321,671Expenses 2015: $290,050Net Income 2015: $31,6212015Revenue 2016: $349,988Expenses 2016: $307,997Net Income 2016: $41,9912016Revenue 2017: $359,000Expenses 2017: $323,696Net Income 2017: $35,3042017Revenue 2018: $345,623Expenses 2018: $320,689Net Income 2018: $24,9342018Revenue 2019: $345,297Expenses 2019: $338,189Net Income 2019: $7,1082019Revenue 2020: $317,786Expenses 2020: $333,225Net Income 2020: -$15,4392020Revenue 2021: $321,604Expenses 2021: $277,340Net Income 2021: $44,2642021Revenue 2022: $336,992Expenses 2022: $302,805Net Income 2022: $34,1872022Revenue 2023: $384,912Expenses 2023: $320,948Net Income 2023: $63,9642023Revenue 2024: $413,726Expenses 2024: $395,450Net Income 2024: $18,2762024

Highlighted filing

2014

Revenue$312,014
Expenses$291,484
Net Income$20,530
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 9, 2015
Return Version
2014v5.0
Gross Receipts
$312,014
Mission and Program Overview

Mission

Establish and maintain a properly managed credit union operating at maximum financial levels and rendering prompt, courteous service for all members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,112,328$3,249,997▲ $137,669
Investments Program Related$1,126,439$961,711▼ $164,728
Rtn Earn Endowment Incm Other Fnds$894,544$915,074▲ $20,530
Cash and Non-Interest-Bearing Accounts$173,155$533,126▲ $359,971
Prepaid Expenses and Deferred Charges$1,821$9,781▲ $7,960
Land, Buildings, and Equipment, Net$8,642$5,423▼ $3,219
Accounts Receivable$678$115▼ $563
Total Assets$4,464,007$4,803,707▲ $339,700
Other Assets Total$40,944$43,554▲ $2,610
Liabilities
Other Liabilities$3,552,620$3,873,820▲ $321,200
Accounts Payable and Accrued Expenses$16,843$14,813▼ $2,030
Total Liabilities$3,569,463$3,888,633▲ $319,170
Net Assets / Fund Balance
Total Net Assets Fund Balance$894,544$915,074▲ $20,530
Total Liabilities and Net Assets / Fund Balance$4,464,007$4,803,707▲ $339,700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,423$64,425$69,848
Investment Program Related Org$-3,992--
Compensation and Service Providers
Top Officer Pay18th percentile

Board Members and Trustees

NameTitle
Juan M EscobarChairman
Irene M HerreraVice Chairma
Jose MartinezDirector
Ramon Herrera IiiDirector
Brenda K NunezSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$299,999
Investment Income
$12,015
Other Revenue
$0
Change in Net Assets
$20,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,200
Other Expenses$110,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$132,555--$132,555
Office Expenses$39,910--$39,910
Benefits to Members$19,356--$19,356
Payroll Taxes$10,492--$10,492
Other Employee Benefits$10,152--$10,152
Insurance$8,350--$8,350
Pension Plan Contributions$8,001--$8,001
Fees for Services Other$7,701--$7,701
All Other Expenses$5,445--$5,445
Other Expenses$4,367--$4,367
Occupancy$4,200--$4,200
Conferences and Meetings$3,359--$3,359
Depreciation Depletion$3,219--$3,219
Fees for Services Legal$913--$913
Advertising$352--$352
Total Functional Expenses$291,484$0$0$291,484
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
Member Shares/deposits$3,873,820
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 6

“Nce is a state chartered credit union comprised of owner/members from a common field of membership and who have paid into their share accounts a board approved minimum membership fee.”

Form 990, Page 6, Part VI, Line 7A

“Member hold annual meeetings at which time the members present elect open positions for board of directors.”

Form 990, Page 6, Part VI, Line 11B

“A copy of form 990 is provided to each board member for review. After review and discussion, the form is approved for remittance to the irs.”

Form 990, Page 6, Part VI, Line 12C

“All board of directors and key employees are required to file an annual conflict of interest disclosure statement. The credit union monitors these statements to determine any outside entity activity and the nature of such interest.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors review the compensation paid to their key employees on an annual basis and compares compensation leve against industry standards, credit union size, and services. All deliberations are formally recorded in appropriate official minutes.”

Form 990, Page 6, Part VI, Line 19

“The credit union posts its financial statements in the cu lobby for all members to review. Tghe governance documents and conflicts of interest statements are available in the cu office for review upon request.”

Filing and Contact Details

Filer

Filer Name
Nce Credit Union
EIN
74-1383594
Phone
3618824780
Address
901 LEOPARD SUITE 114, CORPUS CHRISTI, TX 78401

Signing Officer

Name
Veronica Mahzoon-hagheghi
Title
Manager/CEO
Phone
3618824780
Signed
2015-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Veronica Mahzoon-hagheghi
Formed
1966
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Lema & Associates
Address
610 E MARKET ST STE 2906, SAN ANTONIO, TX 78205-2680
Preparer
Angel R Lema CPA
Phone
2102124822
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Refer to exempt purpose accomplishments listed in part iii, page 2 of this return.”

Raw XML Appendix349 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/ProgSrvcAccomActyOtherGrp/Desc0REFER TO EXEMPT PURPOSE ACCOMPLISHMENTS LISTED IN PART III, PAGE 2 OF THIS RETURN.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3-3992
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERT. OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CATALYST FCU DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CAPITAL SHARES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3SETTLEMENT BALANCES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03873820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05423
IRS990ScheduleD/TotalBookValueProgramRltdAmt0961711
IRS990ScheduleD/TotalLiabilityAmt03873820
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REFER TO EXEMPT PURPOSE ACCOMPLISHMENTS LISTED IN PART III, PAGE 2 OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NCE IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP AND WHO HAVE PAID INTO THEIR SHARE ACCOUNTS A BOARD APPROVED MINIMUM MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBER HOLD ANNUAL MEEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. AFTER REVIEW AND DISCUSSION, THE FORM IS APPROVED FOR REMITTANCE TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD OF DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE CREDIT UNION MONITORS THESE STATEMENTS TO DETERMINE ANY OUTSIDE ENTITY ACTIVITY AND THE NATURE OF SUCH INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS REVIEW THE COMPENSATION PAID TO THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARES COMPENSATION LEVE AGAINST INDUSTRY STANDARDS, CREDIT UNION SIZE, AND SERVICES. ALL DELIBERATIONS ARE FORMALLY RECORDED IN APPROPRIATE OFFICIAL MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION POSTS ITS FINANCIAL STATEMENTS IN THE CU LOBBY FOR ALL MEMBERS TO REVIEW. TGHE GOVERNANCE DOCUMENTS AND CONFLICTS OF INTEREST STATEMENTS ARE AVAILABLE IN THE CU OFFICE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04464007
IRS990/TotalAssetsEOYAmt04803707
IRS990/TotalAssetsGrp/BOYAmt04464007
IRS990/TotalAssetsGrp/EOYAmt04803707
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0291484
IRS990/TotalFunctionalExpensesGrp/TotalAmt0291484
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03569463
IRS990/TotalLiabilitiesEOYAmt03888633
IRS990/TotalLiabilitiesGrp/BOYAmt03569463
IRS990/TotalLiabilitiesGrp/EOYAmt03888633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0894544
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0915074
IRS990/TotalOtherProgSrvcExpenseAmt0291484
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt02019
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02019
IRS990/TotalProgramServiceExpensesAmt0291484
IRS990/TotalProgramServiceRevenueAmt0299999
IRS990/TotalRevenueGrp/ExclusionAmt012015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0299999
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0312014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04464007
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04803707
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0901 LEOPARD SUITE 114
IRS990/USAddress/CityNm0CORPUS CHRISTI
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NCECREDIT UNION.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VERONICA MAHZOON-HAGHEGHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03618824780
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NCE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0NCEC
ReturnHeader/Filer/EIN0741383594
ReturnHeader/Filer/PhoneNum03618824780
ReturnHeader/Filer/USAddress/AddressLine1Txt0901 LEOPARD SUITE 114
ReturnHeader/Filer/USAddress/CityNm0CORPUS CHRISTI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEMA & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0610 E MARKET ST STE 2906
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0782052680
ReturnHeader/PreparerPersonGrp/PhoneNum02102124822
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-02-26T16:44:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,803,707
Liabilities
$3,888,633
Net assets
$915,074
Revenue
$312,014
Expenses
$291,484
Net income
$20,530
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$4.41$1.20$0.41$0.40$0.02
2023Summary only. Only limited summary data is available for this year.$5.39$4.21$1.18$0.38$0.32$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$4.17$1.11$0.34$0.30$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.42$4.34$1.08$0.32$0.28$0.04
2020Summary only. Only limited summary data is available for this year.$5.42$4.39$1.04$0.32$0.33$0.02
2019Summary only. Only limited summary data is available for this year.$5.15$4.10$1.05$0.35$0.34$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$4.04$1.05$0.35$0.32$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.38$4.36$1.02$0.36$0.32$0.04
2016Summary only. Only limited summary data is available for this year.$5.38$4.39$0.99$0.35$0.31$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.96$4.02$0.95$0.32$0.29$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.80$3.89$0.92$0.31$0.29$0.02
2013Detailed filing. Detailed filing data is available for this year.$4.46$3.57$0.89$0.31$0.28$0.03
2012Summary only. Only limited summary data is available for this year.$4.30$3.44$0.87$0.35$0.30$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$3.42$0.82$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.00$3.26$0.75$0.28