Civic Intelligence

First Priority Credit Union

990 • Fiscal year 2017 • EIN 75-0778427

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 06, 2018

Organization ProfileN/A

View Organization Page

3165 S 27th StreetAbilene, TX 79605

(325) 692-4089

Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

25.61x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

57th percentile

8.4%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

85th percentile

6.4%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

11%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$15,154,322

Up $915,941 (+6.4%) from 2016

Net Assets

Up

$1,257,006

Up $45,488 (+3.8%) from 2016

Liabilities

Up

$13,897,316

Up $870,453 (+6.7%) from 2016

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin57th percentile

Revenue

Up

$542,590

Up $53,690 (+11%) from 2016

Expenses

Up

$497,102

Up $13,731 (+2.8%) from 2016

Net Income

Up

$45,488

Up $39,959 (+723%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$30M$20M$10M$0Assets 2011: $9,917,171Liabilities 2011: $32,902Net Assets 2011: $9,884,2692011Assets 2012: $14,614,473Liabilities 2012: $13,546,006Net Assets 2012: $1,068,4672012Assets 2013: $14,925,847Liabilities 2013: $13,874,843Net Assets 2013: $1,051,0042013Assets 2014: $15,505,549Liabilities 2014: $14,315,923Net Assets 2014: $1,189,6262014Assets 2015: $15,009,406Liabilities 2015: $13,803,417Net Assets 2015: $1,205,9892015Assets 2016: $14,238,381Liabilities 2016: $13,026,863Net Assets 2016: $1,211,5182016Assets 2017: $15,154,322Liabilities 2017: $13,897,316Net Assets 2017: $1,257,0062017Assets 2018: $15,814,597Liabilities 2018: $14,479,298Net Assets 2018: $1,335,2992018Assets 2019: $16,274,160Liabilities 2019: $14,854,009Net Assets 2019: $1,420,1512019Assets 2020: $18,660,365Liabilities 2020: $17,088,487Net Assets 2020: $1,571,8782020Assets 2021: $20,646,166Liabilities 2021: $18,977,673Net Assets 2021: $1,668,4932021Assets 2022: $20,660,144Liabilities 2022: $18,921,379Net Assets 2022: $1,738,7652022Assets 2023: $20,898,324Liabilities 2023: $18,963,345Net Assets 2023: $1,934,9792023Assets 2024: $19,764,231Liabilities 2024: $17,514,813Net Assets 2024: $2,249,4182024

Highlighted filing

2017

Assets$15,154,322
Liabilities$13,897,316
Net Assets$1,257,006
Open 2017 Filing

Operations Trend

Revenue Growth85th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $407,363Expenses 2011: $409,878Net Income 2011: -$2,5152011Expenses 2012: $526,5882012Revenue 2013: $485,245Expenses 2013: $500,955Net Income 2013: -$15,7102013Revenue 2014: $581,993Expenses 2014: $445,770Net Income 2014: $136,2232014Revenue 2015: $478,609Expenses 2015: $462,246Net Income 2015: $16,3632015Revenue 2016: $488,900Expenses 2016: $483,371Net Income 2016: $5,5292016Revenue 2017: $542,590Expenses 2017: $497,102Net Income 2017: $45,4882017Revenue 2018: $631,406Expenses 2018: $553,113Net Income 2018: $78,2932018Revenue 2019: $657,393Expenses 2019: $572,541Net Income 2019: $84,8522019Revenue 2020: $691,816Expenses 2020: $540,089Net Income 2020: $151,7272020Revenue 2021: $655,623Expenses 2021: $559,008Net Income 2021: $96,6152021Revenue 2022: $640,069Expenses 2022: $569,797Net Income 2022: $70,2722022Revenue 2023: $942,857Expenses 2023: $723,966Net Income 2023: $218,8912023Revenue 2024: $1,086,536Expenses 2024: $772,097Net Income 2024: $314,4392024

Highlighted filing

2017

Revenue$542,590
Expenses$497,102
Net Income$45,488
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 6, 2018
Return Version
2017v2.2
Gross Receipts
$542,590
Mission and Program Overview

Mission

Cooperative provider of credit union services such as savings accounts and consumer loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,038,266$7,718,266▲ $680,000
Other Notes and Loans Receivable, Net$5,847,642$6,143,231▲ $295,589
Rtn Earn Endowment Incm Other Fnds$1,211,518$1,257,006▲ $45,488
Cash and Non-Interest-Bearing Accounts$823,947$792,345▼ $31,602
Land, Buildings, and Equipment, Net$299,534$307,713▲ $8,179
Prepaid Expenses and Deferred Charges$39,095$26,548▼ $12,547
Accounts Receivable$5,554$6,358▲ $804
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,238,381$15,154,322▲ $915,941
Other Assets Total$184,343$159,861▼ $24,482
Liabilities
Other Liabilities$12,981,026$13,860,050▲ $879,024
Accounts Payable and Accrued Expenses$45,837$37,266▼ $8,571
Total Liabilities$13,026,863$13,897,316▲ $870,453
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,211,518$1,257,006▲ $45,488
Total Liabilities and Net Assets / Fund Balance$14,238,381$15,154,322▲ $915,941

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,324$356,138$425,462
Buildings$144,878$124,382$269,260
Land$93,511-$93,511
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
David MasseyChairman
Steven WilliamsonVice Chairman
Carolyn DavisDirector
Jo McwhorterDirector
John HoldrenDirector
Paula KinseyDirector
Richard AthaDirector
Tony LeetSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$437,938
Investment Income
$104,652
Other Revenue
$0
Change in Net Assets
$45,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,923
Salaries, Compensation, and Employee Benefits$183,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$153,671
Office Expenses---$109,444
Interest---$33,736
Occupancy---$26,794
Payroll Taxes---$11,953
Pension Plan Contributions---$11,409
Fees for Services Accounting---$7,329
Advertising---$7,268
Other Expenses---$6,304
Other Employee Benefits---$6,146
All Other Expenses---$5,398
Fees for Services Management---$4,652
Fees for Services Other---$1,404
Travel---$1,000
Total Functional Expenses$0$0$0$497,102
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares and Share Certificates$13,860,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“All members are stockholders”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The members elect the board of directors”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“If the members do not like the decisions of the board, they can elect new board members”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board will review the 990 before it is filed”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All directors are made aware of the policy”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews annually.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board reviews annually”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The governing documents are available upon request. The financial statements are posted in the lobby”

Filing and Contact Details

Filer

Filer Name
First Priority Credit Union
EIN
75-0778427
Phone
3256924089
Address
3165 S 27TH STREET, ABILENE, TX 79605

Signing Officer

Name
Cathy Higgins
Title
CEO
Signed
2018-06-06
Discuss with paid preparer
Yes

Organization Details

Formed
1930
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
4
Volunteers
8

Preparer

Firm
Green Fillingim Pc
Address
1001 SCURRY ST, BIG SPRING, TX 79720-2935
Preparer
Glenn Fillingim CPA
Phone
4322640008
Raw XML Appendix380 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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2106392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt057872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1273674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2106392
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARE CERTIFICATES
IRS990/ProgSrvcAccomActy3Grp/Desc0CONSUMER LOANS - THE CREDIT UNION PROVIDES LOANS FOR AUTOS, MOTORCYCLES, SHARE SECURED AND UNSECURED LOANS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0103907
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0314920
IRS990/PYProgramServiceRevenueAmt0384993
IRS990/PYRevenuesLessExpensesAmt05529
IRS990/PYSalariesCompEmpBnftPaidAmt0168451
IRS990/PYTotalExpensesAmt0483371
IRS990/PYTotalRevenueAmt0488900
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt045488
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01211518
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01257006
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07038266
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07718266
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0144878
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0124382
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0269260
IRS990ScheduleD/LandGrp/BookValueAmt093511
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt093511
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069324
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0356138
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0425462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013860050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND SHARE CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0307713
IRS990ScheduleD/TotalLiabilityAmt013860050
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF THE MEMBERS DO NOT LIKE THE DECISIONS OF THE BOARD, THEY CAN ELECT NEW BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD WILL REVIEW THE 990 BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DIRECTORS ARE MADE AWARE OF THE POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REVIEWS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD REVIEWS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014238381
IRS990/TotalAssetsEOYAmt015154322
IRS990/TotalAssetsGrp/BOYAmt014238381
IRS990/TotalAssetsGrp/EOYAmt015154322
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0497102
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013026863
IRS990/TotalLiabilitiesEOYAmt013897316
IRS990/TotalLiabilitiesGrp/BOYAmt013026863
IRS990/TotalLiabilitiesGrp/EOYAmt013897316
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01211518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01257006
IRS990/TotalProgramServiceRevenueAmt0437938
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0542590
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0542590
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014238381
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015154322
IRS990/TravelGrp/TotalAmt01000
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY HIGGINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST PRIORITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0750778427
ReturnHeader/Filer/PhoneNum03256924089
ReturnHeader/Filer/USAddress/AddressLine1Txt03165 S 27TH STREET
ReturnHeader/Filer/USAddress/CityNm0ABILENE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079605
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751968540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN FILLINGIM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 SCURRY ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIG SPRING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0797202935
ReturnHeader/PreparerPersonGrp/PhoneNum04322640008
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Glenn Fillingim CPA
ReturnHeader/ReturnTs02018-06-06T06:48:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,154,322
Liabilities
$13,897,316
Net assets
$1,257,006
Revenue
$542,590
Expenses
$497,102
Net income
$45,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$17.5$2.25$1.09$0.77$0.31
2023Summary only. Only limited summary data is available for this year.$20.9$19.0$1.93$0.94$0.72$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$18.9$1.74$0.64$0.57$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$19.0$1.67$0.66$0.56$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.7$17.1$1.57$0.69$0.54$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$14.9$1.42$0.66$0.57$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$14.5$1.34$0.63$0.55$0.08
2017Detailed filing. Detailed filing data is available for this year.$15.2$13.9$1.26$0.54$0.50$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$13.0$1.21$0.49$0.48$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$13.8$1.21$0.48$0.46$0.02
2014Detailed filing. Detailed filing data is available for this year.$15.5$14.3$1.19$0.58$0.45$0.14
2013Detailed filing. Detailed filing data is available for this year.$14.9$13.9$1.05$0.49$0.50$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$13.5$1.07$0.53
2011Summary only. Only limited summary data is available for this year.$9.92$0.03$9.88$0.41$0.41$0.00