Civic Intelligence

Spco Credit Union

990 • Fiscal year 2017 • EIN 74-6106699

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 16, 2018

Organization ProfileWWW.SPCOCU.ORG

View Organization Page

12755 N Houston Rosslyn RdHouston, TX 77086

(713) 455-8586

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.91x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

33rd percentile

17.41x

Higher debt load relative to revenue than 33% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

3rd percentile

-9.7%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$113,383

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

16th percentile

-1.6%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

3.8%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$39,315,424

Down $628,328 (-1.6%) from 2016

Net Assets

Down

$3,491,699

Down $203,280 (-5.5%) from 2016

Liabilities

Down

$35,823,725

Down $425,048 (-1.2%) from 2016

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin3rd percentile

Revenue

Up

$2,057,774

Up $74,949 (+3.8%) from 2016

Expenses

Down

$2,256,530

Down $165,500 (-6.8%) from 2016

Net Income

Up

-$198,756

Up $240,449 (+55%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$60M$40M$20M$0Assets 2011: $32,079,480Liabilities 2011: $27,960,404Net Assets 2011: $4,119,0762011Assets 2012: $34,729,218Liabilities 2012: $30,697,367Net Assets 2012: $4,031,8512012Assets 2013: $38,550,950Liabilities 2013: $34,531,140Net Assets 2013: $4,019,8102013Assets 2014: $36,240,506Liabilities 2014: $32,139,248Net Assets 2014: $4,101,2582014Assets 2015: $37,310,464Liabilities 2015: $33,176,280Net Assets 2015: $4,134,1842015Assets 2016: $39,943,752Liabilities 2016: $36,248,773Net Assets 2016: $3,694,9792016Assets 2017: $39,315,424Liabilities 2017: $35,823,725Net Assets 2017: $3,491,6992017Assets 2018: $38,613,406Liabilities 2018: $35,039,768Net Assets 2018: $3,573,6382018Assets 2019: $36,932,741Liabilities 2019: $33,256,917Net Assets 2019: $3,675,8242019Assets 2020: $45,620,324Liabilities 2020: $41,841,958Net Assets 2020: $3,778,3662020Assets 2021: $41,394,518Liabilities 2021: $37,501,660Net Assets 2021: $3,892,8582021Assets 2022: $40,323,853Liabilities 2022: $36,488,004Net Assets 2022: $3,835,8492022Assets 2023: $38,877,794Liabilities 2023: $35,176,103Net Assets 2023: $3,701,6912023

Highlighted filing

2017

Assets$39,315,424
Liabilities$35,823,725
Net Assets$3,491,699
Open 2017 Filing

Operations Trend

Revenue Growth43rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,335,7252011Expenses 2012: $1,894,7992012Revenue 2013: $1,933,439Expenses 2013: $1,945,480Net Income 2013: -$12,0412013Revenue 2014: $2,110,025Expenses 2014: $2,028,577Net Income 2014: $81,4482014Revenue 2015: $1,944,406Expenses 2015: $1,911,480Net Income 2015: $32,9262015Revenue 2016: $1,982,825Expenses 2016: $2,422,030Net Income 2016: -$439,2052016Revenue 2017: $2,057,774Expenses 2017: $2,256,530Net Income 2017: -$198,7562017Revenue 2018: $2,244,652Expenses 2018: $2,141,242Net Income 2018: $103,4102018Revenue 2019: $2,238,793Expenses 2019: $2,166,337Net Income 2019: $72,4562019Revenue 2020: $2,075,581Expenses 2020: $2,000,910Net Income 2020: $74,6712020Revenue 2021: $2,037,682Expenses 2021: $1,878,337Net Income 2021: $159,3452021Revenue 2022: $2,308,507Expenses 2022: $2,325,225Net Income 2022: -$16,7182022Revenue 2023: $2,352,949Expenses 2023: $2,497,191Net Income 2023: -$144,2422023

Highlighted filing

2017

Revenue$2,057,774
Expenses$2,256,530
Net Income-$198,756
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 16, 2018
Return Version
2017v2.2
Gross Receipts
$2,057,774
Mission and Program Overview

Mission

Our mission is to be the trusted partner in each members financial life

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$31,192,823$29,483,667▼ $1,709,156
Investments Program Related$3,801,551$4,836,307▲ $1,034,756
Rtn Earn Endowment Incm Other Fnds$3,694,979$3,491,699▼ $203,280
Land, Buildings, and Equipment, Net$1,404,556$1,360,029▼ $44,527
Cash and Non-Interest-Bearing Accounts$1,284,836$1,216,477▼ $68,359
Prepaid Expenses and Deferred Charges$279,166$256,963▼ $22,203
Accounts Receivable$16,910$4,157▼ $12,753
Total Assets$39,943,752$39,315,424▼ $628,328
Other Assets Total$1,963,910$2,157,824▲ $193,914
Liabilities
Other Liabilities$34,834,612$34,471,661▼ $362,951
Accounts Payable and Accrued Expenses$1,414,161$1,352,064▼ $62,097
Total Liabilities$36,248,773$35,823,725▼ $425,048
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,694,979$3,491,699▼ $203,280
Total Liabilities and Net Assets / Fund Balance$39,943,752$39,315,424▼ $628,328

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$697,222$255,124$952,346
Land$615,000-$615,000
Equipment$3,010$59,761$62,771
Other Land Buildings$39,179$14,557$53,736
Leasehold Improvements$5,618$1,374$6,992
Investment Program Related Org$42,396--
Other Assets Org$775--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tim AdamsDirector/preFT$113,383$113,383

Board Members and Trustees

NameTitle
Steve EmmottChairman
Harvey HayesVice Chairma
James ReynoldsDirector
Marlin PhillipsDirector
Dee FarinoSecretary
Charlie JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,985,333
Investment Income
$72,441
Other Revenue
$0
Change in Net Assets
$-198,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,307,048
Salaries, Compensation, and Employee Benefits$616,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$611,014--$611,014
Benefits to Members$333,120--$333,120
Fees for Services Other$217,341--$217,341
Office Expenses$193,822--$193,822
Occupancy$123,242--$123,242
Advertising$110,899--$110,899
Depreciation Depletion$62,985--$62,985
Conferences and Meetings$51,243--$51,243
Insurance$22,453--$22,453
Other Expenses$17,576--$17,576
Interest$12,060--$12,060
Other Employee Benefits$5,348--$5,348
All Other Expenses$-122,914--$-122,914
Total Functional Expenses$2,256,530$0$0$2,256,530
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$1,700
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares/deposits$34,471,661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

“Spco is a state chartered credit union comprised of owner/members from a common field of membership and who have made deposits in their share accounts for the minimum authorized membership fee.”

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

“The members hold annual meetings 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. Management monitors these statements to determine any outside entity activity and the nature of such interests. The state examiners as well as the auditors also review these forms annually.”

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

“Board of directors review the compensation paid to their key employees on an annual basis and compare compensation levels 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 credit union lobby for all members to review. The governance documents and tax returns are available to interested parties on request.”

Filing and Contact Details

Filer

Filer Name
Spco Credit Union
EIN
74-6106699
Phone
7134558586
Address
12755 N HOUSTON ROSSLYN RD, HOUSTON, TX 77086

Signing Officer

Name
Tim Adams
Title
Director/president
Phone
7134558586
Signed
2018-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Adams
Formed
1968
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
11

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

“No other significant accomplishments noted during tax year other than those noted on "statement of program services" attached.”

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

“No unrelated taxable income recorded during the current year”

Form 990, Part XI, Line 9

“Unrealized loss/inv.securities -4,524 unrealized loss in value of long-term investment in equity securities”

Raw XML Appendix396 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01414161
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01352064
IRS990/AccountsReceivableGrp/BOYAmt016910
IRS990/AccountsReceivableGrp/EOYAmt04157
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO BE THE TRUSTED PARTNER IN EACH MEMBERS FINANCIAL LIFE
IRS990/AdvertisingGrp/ProgramServicesAmt0110899
IRS990/AdvertisingGrp/TotalAmt0110899
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-122914
IRS990/AllOtherExpensesGrp/TotalAmt0-122914
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt0333120
IRS990/BenefitsToMembersGrp/TotalAmt0333120
IRS990/BooksInCareOfDetail/PersonNm0TIM ADAMS
IRS990/BooksInCareOfDetail/PhoneNum07134558586
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012755 N HOUSTON ROSSLYN RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOUSTO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077086
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01284836
IRS990/CashNonInterestBearingGrp/EOYAmt01216477
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt051243
IRS990/ConferencesMeetingsGrp/TotalAmt051243
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt0333120
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt072441
IRS990/CYOtherExpensesAmt01307048
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01985333
IRS990/CYRevenuesLessExpensesAmt0-198756
IRS990/CYSalariesCompEmpBnftPaidAmt0616362
IRS990/CYTotalExpensesAmt02256530
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02057774
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt062985
IRS990/DepreciationDepletionGrp/TotalAmt062985
IRS990/Desc0CREDIT UNION MEMBER DEPOSITS DECREASED BY 362,951.95 DURING TAX YEAR 2017.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0217341
IRS990/FeesForServicesOtherGrp/TotalAmt0217341
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0TIM ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE EMMOTT
IRS990/Form990PartVIISectionAGrp/PersonNm2HARVEY HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm3DEE FARINO
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLIE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm6MARLIN PHILLIPS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0113383
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02057774
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022453
IRS990/InsuranceGrp/TotalAmt022453
IRS990/InterestGrp/ProgramServicesAmt012060
IRS990/InterestGrp/TotalAmt012060
IRS990/InvestmentIncomeGrp/ExclusionAmt072441
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt072441
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03801551
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04836307
IRS990/IRPDocumentCnt0614
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0330816
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01404556
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01360029
IRS990/LandBldgEquipCostOrOtherBssAmt01690845
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO BE THE TRUSTED PARTNER IN EACH MEMBERS FINANCIAL LIFE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03694979
IRS990/NetAssetsOrFundBalancesEOYAmt03491699
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0123242
IRS990/OccupancyGrp/TotalAmt0123242
IRS990/OfficeExpensesGrp/ProgramServicesAmt0193822
IRS990/OfficeExpensesGrp/TotalAmt0193822
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01963910
IRS990/OtherAssetsTotalGrp/EOYAmt02157824
IRS990/OtherChangesInNetAssetsAmt0-4524
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05348
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05348
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSES
IRS990/OtherExpensesGrp/Desc2DEBIT CARD EXPENSES
IRS990/OtherExpensesGrp/Desc3SHARED BRANCH EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0449788
IRS990/OtherExpensesGrp/ProgramServicesAmt1118712
IRS990/OtherExpensesGrp/ProgramServicesAmt249841
IRS990/OtherExpensesGrp/ProgramServicesAmt317576
IRS990/OtherExpensesGrp/TotalAmt0449788
IRS990/OtherExpensesGrp/TotalAmt1118712
IRS990/OtherExpensesGrp/TotalAmt249841
IRS990/OtherExpensesGrp/TotalAmt317576
IRS990/OtherLiabilitiesGrp/BOYAmt034834612
IRS990/OtherLiabilitiesGrp/EOYAmt034471661
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0611014
IRS990/OtherSalariesAndWagesGrp/TotalAmt0611014
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt031192823
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt029483667
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0279166
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0256963
IRS990/PrincipalOfficerNm0TIM ADAMS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES AND CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01625484
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1220252
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2139597
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01625484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1220252
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2139597
IRS990/ProgSrvcAccomActy2Grp/Desc0CONSUMER LOANS DECREASED BY 7,O94.09 AND MORTGAGE LOANS DECREASED BY 1,573617.45 DURING THE YEAR 2017.
IRS990/ProgSrvcAccomActy3Grp/Desc0CREDIT UNION INSTITUTED REMOTE MOBILE DEPOSITS DURING THE CURRENT YEAR.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NO OTHER SIGNIFICANT ACCOMPLISHMENTS NOTED DURING TAX YEAR OTHER THAN THOSE NOTED ON "STATEMENT OF PROGRAM SERVICES" ATTACHED.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02256530
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0293747
IRS990/PYInvestmentIncomeAmt029006
IRS990/PYOtherExpensesAmt01519186
IRS990/PYProgramServiceRevenueAmt01953819
IRS990/PYRevenuesLessExpensesAmt0-439205
IRS990/PYSalariesCompEmpBnftPaidAmt0609097
IRS990/PYTotalExpensesAmt02422030
IRS990/PYTotalRevenueAmt01982825
IRS990/ReconcilationRevenueExpnssAmt0-198756
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03694979
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03491699
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/PoliticalExpendituresAmt01700
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0POLITICAL CONTRIBUTIONS PAID DURING TAX YEAR TO TCUL & CULAC.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleD/BuildingsGrp/BookValueAmt0697222
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0255124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0952346
IRS990ScheduleD/EquipmentGrp/BookValueAmt03010
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059761
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062771
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02475476
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11150000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2344485
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3263851
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4252599
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5250000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt657500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt742396
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CERT. OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CATALYST DEPOSITS/PTA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CATALYST CASH MANAGEMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4GREEN BANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5CUSO INVESTMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6FEDERAL HOME LOAN BK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7CONTRIBUTED CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/LandGrp/BookValueAmt0615000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0615000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05618
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01374
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06992
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02015697
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1132186
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29166
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3775
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SPLIT DOLLAR PLN-COLL ASSIGNMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INC.ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INC.ON INVEST.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LEASE DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014557
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053736
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034471661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES/DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01360029
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02157824
IRS990ScheduleD/TotalBookValueProgramRltdAmt04836307
IRS990ScheduleD/TotalLiabilityAmt034471661
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO OTHER SIGNIFICANT ACCOMPLISHMENTS NOTED DURING TAX YEAR OTHER THAN THOSE NOTED ON "STATEMENT OF PROGRAM SERVICES" ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO UNRELATED TAXABLE INCOME RECORDED DURING THE CURRENT YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SPCO IS A STATE CHARTERED CREDIT UNION COMPRISED OF OWNER/MEMBERS FROM A COMMON FIELD OF MEMBERSHIP AND WHO HAVE MADE DEPOSITS IN THEIR SHARE ACCOUNTS FOR THE MINIMUM AUTHORIZED MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS HOLD ANNUAL MEETINGS 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. MANAGEMENT MONITORS THESE STATEMENTS TO DETERMINE ANY OUTSIDE ENTITY ACTIVITY AND THE NATURE OF SUCH INTERESTS. THE STATE EXAMINERS AS WELL AS THE AUDITORS ALSO REVIEW THESE FORMS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD OF DIRECTORS REVIEW THE COMPENSATION PAID TO THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARE COMPENSATION LEVELS 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 CREDIT UNION LOBBY FOR ALL MEMBERS TO REVIEW. THE GOVERNANCE DOCUMENTS AND TAX RETURNS ARE AVAILABLE TO INTERESTED PARTIES ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UNREALIZED LOSS/INV.SECURITIES -4,524 UNREALIZED LOSS IN VALUE OF LONG-TERM INVESTMENT IN EQUITY SECURITIES
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt039943752
IRS990/TotalAssetsEOYAmt039315424
IRS990/TotalAssetsGrp/BOYAmt039943752
IRS990/TotalAssetsGrp/EOYAmt039315424
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02256530
IRS990/TotalFunctionalExpensesGrp/TotalAmt02256530
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036248773
IRS990/TotalLiabilitiesEOYAmt035823725
IRS990/TotalLiabilitiesGrp/BOYAmt036248773
IRS990/TotalLiabilitiesGrp/EOYAmt035823725
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03694979
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03491699
IRS990/TotalOtherProgSrvcExpenseAmt02256530
IRS990/TotalProgramServiceExpensesAmt02256530
IRS990/TotalProgramServiceRevenueAmt01985333
IRS990/TotalReportableCompFromOrgAmt0113383
IRS990/TotalRevenueGrp/ExclusionAmt072441
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01985333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02057774
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039943752
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039315424
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012755 N HOUSTON ROSSLYN RD
IRS990/USAddress/CityNm0HOUSTO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077086
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SPCOCU.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07134558586
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPCO CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0SPCO
ReturnHeader/Filer/EIN0746106699
ReturnHeader/Filer/PhoneNum07134558586
ReturnHeader/Filer/USAddress/AddressLine1Txt012755 N HOUSTON ROSSLYN RD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077086
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02CBCF8563AB8ACFD911E3336B8B8FA1154FF56D4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.181.102.11
ReturnHeader/FilingSecurityInformation/IPDt02018-02-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:25:38
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/PreparationDt02018-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGEL R LEMA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-02-26T10:25:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,315,424
Liabilities
$35,823,725
Net assets
$3,491,699
Revenue
$2,057,774
Expenses
$2,256,530
Net income
-$198,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.9$35.2$3.70$2.35$2.50$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$36.5$3.84$2.31$2.33$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.4$37.5$3.89$2.04$1.88$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.6$41.8$3.78$2.08$2.00$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.9$33.3$3.68$2.24$2.17$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$35.0$3.57$2.24$2.14$0.10
2017Detailed filing. Detailed filing data is available for this year.$39.3$35.8$3.49$2.06$2.26$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.9$36.2$3.69$1.98$2.42$0.44
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.3$33.2$4.13$1.94$1.91$0.03
2014Detailed filing. Detailed filing data is available for this year.$36.2$32.1$4.10$2.11$2.03$0.08
2013Detailed filing. Detailed filing data is available for this year.$38.6$34.5$4.02$1.93$1.95$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.7$30.7$4.03$1.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.1$28.0$4.12$2.34