Civic Intelligence

First Class American Credit Union

990 • Fiscal year 2011 • EIN 75-0275690

Jan 01, 2011 to Dec 31, 2011 • Filed on Sep 13, 2012

2595 Polaris Drive76137
Siviq Scores

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

Liabilities / Assets

88th percentile

0.92x

Higher debt load relative to assets than 88% of similar nonprofits.

2011 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

23rd percentile

-0.3%

Faster asset growth than 23% of similar nonprofits.

2011 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$43,265,286

Down $149,640 (-0.3%) from 2010

Net Assets

Up

$3,482,167

Up $119,541 (+3.6%) from 2010

Liabilities

Down

$39,783,119

Down $269,181 (-0.7%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,474,861

Down $157,856 (-6.0%) from 2010

Net Income

-

No earlier filing loaded for comparison.

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: $43,414,926Liabilities 2010: $40,052,300Net Assets 2010: $3,362,6262010Assets 2011: $43,265,286Liabilities 2011: $39,783,119Net Assets 2011: $3,482,1672011Assets 2012: $42,926,018Liabilities 2012: $39,307,803Net Assets 2012: $3,618,2152012Assets 2013: $45,016,679Liabilities 2013: $41,160,635Net Assets 2013: $3,856,0442013Assets 2014: $46,166,429Liabilities 2014: $42,049,728Net Assets 2014: $4,116,7012014Assets 2015: $48,914,000Liabilities 2015: $44,509,605Net Assets 2015: $4,404,3952015Assets 2016: $50,952,405Liabilities 2016: $46,375,333Net Assets 2016: $4,577,0722016Assets 2017: $54,757,088Liabilities 2017: $50,035,991Net Assets 2017: $4,721,0972017Assets 2018: $55,644,604Liabilities 2018: $51,335,915Net Assets 2018: $4,308,6892018Assets 2019: $57,348,882Liabilities 2019: $53,320,814Net Assets 2019: $4,028,0682019Assets 2020: $60,962,918Liabilities 2020: $56,823,031Net Assets 2020: $4,139,8872020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2011

Assets$43,265,286
Liabilities$39,783,119
Net Assets$3,482,167

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,632,7172010Expenses 2011: $2,474,8612011Expenses 2012: $2,192,3702012Revenue 2013: $2,343,668Expenses 2013: $2,105,839Net Income 2013: $237,8292013Revenue 2014: $2,408,816Expenses 2014: $2,148,158Net Income 2014: $260,6582014Revenue 2015: $2,450,206Expenses 2015: $2,162,512Net Income 2015: $287,6942015Revenue 2016: $2,461,913Expenses 2016: $2,289,236Net Income 2016: $172,6772016Revenue 2017: $2,661,313Expenses 2017: $2,517,288Net Income 2017: $144,0252017Revenue 2018: $2,910,521Expenses 2018: $3,322,929Net Income 2018: -$412,4082018Revenue 2019: $2,920,629Expenses 2019: $3,201,250Net Income 2019: -$280,6212019Revenue 2020: $2,986,795Expenses 2020: $2,874,976Net Income 2020: $111,8192020Revenue 2021: $947,349Expenses 2021: $1,371,171Net Income 2021: -$423,8222021

Highlighted filing

2011

Revenue-
Expenses$2,474,861
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Sep 13, 2012
Return Version
2011v1.2
Gross Receipts
$2,594,402
Mission and Program Overview

Mission

Provide Members with quality financial services

Major Activities

Activity 2
Checking Accounts First Class American Credit Union provides consumers with share draft checking accounts with various features from free accounts to those with enhanced benefits. The Credit Union extends the reach of the accounts to all members with debit cards, Internet account access, and free use of the Internet bill payer. 32% of the Credit Union's members have a checking account as of December 31, 2011.
Activity 3
Consumer LoansFirst Class American Credit Union has provided vehicle loans since its early years. The consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats, motorcycles, as well as signature, share secured, real estate and other loans. Consumer life and disability insurance is available on these loan types.
Filing and Contact Details

Filer

EIN
75-0275690
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IRS990/Activity2/Description0Checking Accounts First Class American Credit Union provides consumers with share draft checking accounts with various features from free accounts to those with enhanced benefits. The Credit Union extends the reach of the accounts to all members with debit cards, Internet account access, and free use of the Internet bill payer. 32% of the Credit Union's members have a checking account as of December 31, 2011.
IRS990/Activity3/Description0Consumer LoansFirst Class American Credit Union has provided vehicle loans since its early years. The consumer loan product line now includes efficient underwriting and flexible offerings for recreational vehicles, boats, motorcycles, as well as signature, share secured, real estate and other loans. Consumer life and disability insurance is available on these loan types.
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IRS990/Description0Share accounts First Class American share accounts offer advantages to members of all ages. The Credit Union had over 7,000 Member owner accounts on December 31, 2011. Member saving accounts pay dividends monthly and offer access through the branch network, home banking, via the Internet or telephone and ATM's worldwide. Special savings accounts designed for children and young adults encourage the development of consistent savings habits.
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IRS990ScheduleO/GeneralExplanation/Explanation1The tax return is reviewed and discussed at a regularly scheduled monthly Board of Directors meeting prior to filing.
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ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0750275690
ReturnHeader/Filer/Name/BusinessNameLine10First Class American Credit Union
ReturnHeader/Filer/NameControl0FIRS
ReturnHeader/Filer/Phone08178349777
ReturnHeader/Filer/USAddress/AddressLine102595 Polaris Drive
ReturnHeader/Filer/USAddress/City0Fort Worth
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ReturnHeader/Filer/USAddress/ZIPCode076137
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02012-09-13
ReturnHeader/Officer/Name0Nancy Croix-Stroud
ReturnHeader/Officer/Title0Pres/CEO
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Sanford Baumeister & Frazier LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10512 Main Street Suite 1500
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Fort Worth
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode076102
ReturnHeader/Preparer/Name0Michaela J Cromar CPA
ReturnHeader/Preparer/Phone08178775000

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