Civic Intelligence

First Priority Credit Union

990 • Fiscal year 2019 • EIN 75-0778427

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

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

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

22.60x

Higher debt load relative to revenue than 79% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Net Margin

56th percentile

13%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

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.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2019

Asset Growth

60th percentile

2.9%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

4.1%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$16,274,160

Up $459,563 (+2.9%) from 2018

Net Assets

Up

$1,420,151

Up $84,852 (+6.4%) from 2018

Liabilities

Up

$14,854,009

Up $374,711 (+2.6%) from 2018

Revenue

Up

$657,393

Up $25,987 (+4.1%) from 2018

Expenses

Up

$572,541

Up $19,428 (+3.5%) from 2018

Net Income

Up

$84,852

Up $6,559 (+8.4%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$16,274,160
Liabilities$14,854,009
Net Assets$1,420,151

Operations Trend

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

2019

Revenue$657,393
Expenses$572,541
Net Income$84,852
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.0
Gross Receipts
$657,393
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,432,898$7,948,040▲ $515,142
Savings and Temporary Cash Investments$6,930,265$7,229,266▲ $299,001
Rtn Earn Endowment Incm Other Fnds$1,335,299$1,420,151▲ $84,852
Cash and Non-Interest-Bearing Accounts$950,035$599,011▼ $351,024
Land, Buildings, and Equipment, Net$289,907$282,553▼ $7,354
Prepaid Expenses and Deferred Charges$45,713$41,424▼ $4,289
Accounts Receivable$2,073$2,652▲ $579
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$15,814,597$16,274,160▲ $459,563
Other Assets Total$163,706$171,214▲ $7,508
Liabilities
Other Liabilities$14,442,711$14,809,220▲ $366,509
Accounts Payable and Accrued Expenses$36,587$44,789▲ $8,202
Total Liabilities$14,479,298$14,854,009▲ $374,711
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,335,299$1,420,151▲ $84,852
Total Liabilities and Net Assets / Fund Balance$15,814,597$16,274,160▲ $459,563

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,440$390,117$425,557
Buildings$153,602$150,371$303,973
Land$93,511-$93,511
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$487,213
Investment Income
$170,180
Other Revenue
$0
Change in Net Assets
$84,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$368,324
Salaries, Compensation, and Employee Benefits$204,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$166,806
Office Expenses---$133,071
Interest---$46,623
Occupancy---$30,122
Other Employee Benefits---$13,481
Payroll Taxes---$12,773
Pension Plan Contributions---$11,157
Fees for Services Accounting---$8,879
Fees for Services Management---$4,819
Advertising---$4,462
All Other Expenses---$3,372
Fees for Services Other---$2,653
Travel---$2,400
Other Expenses---$2,350
Total Functional Expenses$0$0$0$572,541
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$14,809,220
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 35% controlled entity
No
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
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Formed
1930
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
9

Preparer

Firm
Green Fillingim & Nieto Pllc
Address
1001 SCURRY ST, BIG SPRING, TX 79720-2935
Preparer
Glenn Fillingim
Phone
4322640008
Raw XML Appendix384 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/RelatedOrExemptFuncIncomeAmt299665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046504
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1341044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt299665
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARE CERTIFICATES
IRS990/ProgSrvcAccomActy3Grp/Desc0CONSUMER LOANS - THE CREDIT UNION PROVIDES LOANS FOR AUTOS, MOTORCYCLES, SHARE SECURED AND UNSECURED LOANS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0150772
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0355169
IRS990/PYProgramServiceRevenueAmt0480634
IRS990/PYRevenuesLessExpensesAmt078293
IRS990/PYSalariesCompEmpBnftPaidAmt0197944
IRS990/PYTotalExpensesAmt0553113
IRS990/PYTotalRevenueAmt0631406
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt084852
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01335299
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01420151
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06930265
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07229266
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0153602
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0150371
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0303973
IRS990ScheduleD/LandGrp/BookValueAmt093511
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt093511
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035440
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0390117
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0425557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014809220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES AND SHARE CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0282553
IRS990ScheduleD/TotalLiabilityAmt014809220
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015814597
IRS990/TotalAssetsEOYAmt016274160
IRS990/TotalAssetsGrp/BOYAmt015814597
IRS990/TotalAssetsGrp/EOYAmt016274160
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0572541
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014479298
IRS990/TotalLiabilitiesEOYAmt014854009
IRS990/TotalLiabilitiesGrp/BOYAmt014479298
IRS990/TotalLiabilitiesGrp/EOYAmt014854009
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01335299
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01420151
IRS990/TotalProgramServiceRevenueAmt0487213
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0657393
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0657393
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015814597
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016274160
IRS990/TravelGrp/TotalAmt02400
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03165 S 27TH STREET
IRS990/USAddress/CityNm0ABILENE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079605
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY HIGGINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-26
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/PreparerFirmEIN0823818389
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN FILLINGIM & NIETO PLLC
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
ReturnHeader/ReturnTs02020-05-26T11:28:59-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

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