Civic Intelligence

Nce Credit Union

990 • Fiscal year 2017 • EIN 74-1383594

Jan 01, 2017 to Dec 31, 2017 • Filed on Jan 30, 2018

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

30th percentile

0.81x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

17th percentile

12.14x

Higher debt load relative to revenue than 17% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Net Margin

74th percentile

9.8%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

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.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2017

Asset Growth

44th percentile

0.1%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

2.6%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,382,502

Up $3,110 (+0.1%) from 2016

Net Assets

Up

$1,023,990

Up $35,304 (+3.6%) from 2016

Liabilities

Down

$4,358,512

Down $32,194 (-0.7%) from 2016

Revenue

Up

$359,000

Up $9,012 (+2.6%) from 2016

Expenses

Up

$323,696

Up $15,699 (+5.1%) from 2016

Net Income

Down

$35,304

Down $6,687 (-16%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$5,382,502
Liabilities$4,358,512
Net Assets$1,023,990

Operations Trend

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

2017

Revenue$359,000
Expenses$323,696
Net Income$35,304
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jan 30, 2018
Return Version
2017v2.2
Gross Receipts
$359,000
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$3,411,625$3,283,189▼ $128,436
Cash and Non-Interest-Bearing Accounts$695,720$1,127,078▲ $431,358
Rtn Earn Endowment Incm Other Fnds$988,686$1,023,990▲ $35,304
Investments Program Related$1,193,276$899,801▼ $293,475
Land, Buildings, and Equipment, Net$15,718$9,739▼ $5,979
Prepaid Expenses and Deferred Charges$13,038$8,826▼ $4,212
Total Assets$5,379,392$5,382,502▲ $3,110
Other Assets Total$50,015$53,869▲ $3,854
Liabilities
Other Liabilities$4,371,965$4,337,391▼ $34,574
Accounts Payable and Accrued Expenses$18,741$21,121▲ $2,380
Total Liabilities$4,390,706$4,358,512▼ $32,194
Net Assets / Fund Balance
Total Net Assets Fund Balance$988,686$1,023,990▲ $35,304
Total Liabilities and Net Assets / Fund Balance$5,379,392$5,382,502▲ $3,110

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,739$88,278$98,017
Investment Program Related Org$801--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Juan M EscobarChairman
Irene M HerreraVice Chairma
Jose MartinezDirector
Patti ElkinsDirector
Brenda K NunezSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$346,748
Investment Income
$12,252
Other Revenue
$0
Change in Net Assets
$35,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$186,023
Other Expenses$122,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$144,190--$144,190
Office Expenses$46,846--$46,846
Other Employee Benefits$22,059--$22,059
Benefits to Members$14,839--$14,839
Payroll Taxes$11,460--$11,460
Insurance$9,016--$9,016
Fees for Services Other$8,917--$8,917
Pension Plan Contributions$8,314--$8,314
All Other Expenses$6,948--$6,948
Depreciation Depletion$5,979--$5,979
Other Expenses$5,124--$5,124
Conferences and Meetings$5,000--$5,000
Occupancy$4,200--$4,200
Interest$1,250--$1,250
Fees for Services Legal$600--$600
Advertising$174--$174
Total Functional Expenses$323,696$0$0$323,696
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$4,337,391
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. The 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
CEO
Phone
3618824780
Signed
2018-01-30
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
5

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.

Form 990, Page 5, Part V, Line 3B

No unrelated taxable income recorded during current year

Raw XML Appendix353 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09739
IRS990ScheduleD/TotalBookValueProgramRltdAmt0899801
IRS990ScheduleD/TotalLiabilityAmt04337391
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REFER TO EXEMPT PURPOSE ACCOMPLISHMENTS LISTED IN PART III, PAGE 2 OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO UNRELATED TAXABLE INCOME RECORDED DURING CURRENT YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NCE 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/ExplanationTxt3MEMBER HOLD ANNUAL MEEETINGS AT WHICH TIME THE MEMBERS PRESENT ELECT OPEN POSITIONS FOR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A 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/ExplanationTxt5ALL 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/ExplanationTxt6BOARD 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/ExplanationTxt7THE CREDIT UNION POSTS ITS FINANCIAL STATEMENTS IN THE CU LOBBY FOR ALL MEMBERS TO REVIEW. THE 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 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05379392
IRS990/TotalAssetsEOYAmt05382502
IRS990/TotalAssetsGrp/BOYAmt05379392
IRS990/TotalAssetsGrp/EOYAmt05382502
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0323696
IRS990/TotalFunctionalExpensesGrp/TotalAmt0323696
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04390706
IRS990/TotalLiabilitiesEOYAmt04358512
IRS990/TotalLiabilitiesGrp/BOYAmt04390706
IRS990/TotalLiabilitiesGrp/EOYAmt04358512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0988686
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01023990
IRS990/TotalOtherProgSrvcExpenseAmt0322446
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt020352
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt020352
IRS990/TotalProgramServiceExpensesAmt0323696
IRS990/TotalProgramServiceRevenueAmt0346748
IRS990/TotalRevenueGrp/ExclusionAmt012252
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0346748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05379392
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05382502
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VERONICA MAHZOON-HAGHEGHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03618824780
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-30
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/FilingSecurityInformation/AtSubmissionCreationDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.181.102.11
ReturnHeader/FilingSecurityInformation/IPDt02018-02-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm020:02:46
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/PreparationDt02018-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-02-15T20:02:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2017Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)14 • $5M-$10M nonprofits