Civic Intelligence

Ward County Credit Union

990 • Fiscal year 2017 • EIN 75-1085796

Jan 01, 2017 to Dec 31, 2017 • Filed on May 02, 2018

Organization ProfileN/A

View Organization Page

301 South MainMonahans, TX 79756

(432) 943-3445

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 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

23.60x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

33rd percentile

3.2%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

38th percentile

$66,743

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

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

Asset Growth

48th percentile

1.0%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

14th percentile

-3.0%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$15,687,707

Up $160,620 (+1.0%) from 2016

Net Assets

Up

$1,437,241

Up $19,423 (+1.4%) from 2016

Liabilities

Up

$14,250,466

Up $141,197 (+1.0%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin33rd percentile

Revenue

Down

$603,813

Down $18,417 (-3.0%) from 2016

Expenses

Down

$584,390

Down $47,648 (-7.5%) from 2016

Net Income

Up

$19,423

Up $29,231 (+298%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $11,123,916Liabilities 2010: $9,988,766Net Assets 2010: $1,135,1502010Assets 2011: $14,034,007Liabilities 2011: $12,819,884Net Assets 2011: $1,214,1232011Assets 2012: $15,244,197Liabilities 2012: $13,920,925Net Assets 2012: $1,323,2722012Assets 2013: $15,769,087Liabilities 2013: $14,403,415Net Assets 2013: $1,365,6722013Assets 2014: $16,165,938Liabilities 2014: $14,787,864Net Assets 2014: $1,378,0742014Assets 2015: $15,898,248Liabilities 2015: $14,470,622Net Assets 2015: $1,427,6262015Assets 2016: $15,527,087Liabilities 2016: $14,109,269Net Assets 2016: $1,417,8182016Assets 2017: $15,687,707Liabilities 2017: $14,250,466Net Assets 2017: $1,437,2412017Assets 2018: $16,349,499Liabilities 2018: $14,900,024Net Assets 2018: $1,449,4752018Assets 2019: $17,490,726Liabilities 2019: $16,023,681Net Assets 2019: $1,467,0452019Assets 2020: $19,395,278Liabilities 2020: $17,871,759Net Assets 2020: $1,523,5192020Assets 2021: $18,363,115Liabilities 2021: $16,797,012Net Assets 2021: $1,566,1032021

Highlighted filing

2017

Assets$15,687,707
Liabilities$14,250,466
Net Assets$1,437,241
Open 2017 Filing

Operations Trend

Revenue Growth14th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $715,8092010Expenses 2011: $625,4142011Expenses 2012: $646,1732012Revenue 2013: $748,129Expenses 2013: $705,729Net Income 2013: $42,4002013Revenue 2014: $735,740Expenses 2014: $723,338Net Income 2014: $12,4022014Revenue 2015: $701,470Expenses 2015: $675,861Net Income 2015: $25,6092015Revenue 2016: $622,230Expenses 2016: $632,038Net Income 2016: -$9,8082016Revenue 2017: $603,813Expenses 2017: $584,390Net Income 2017: $19,4232017Revenue 2018: $648,268Expenses 2018: $636,034Net Income 2018: $12,2342018Revenue 2019: $697,431Expenses 2019: $679,861Net Income 2019: $17,5702019Revenue 2020: $690,256Expenses 2020: $633,782Net Income 2020: $56,4742020Revenue 2021: $640,973Expenses 2021: $598,389Net Income 2021: $42,5842021

Highlighted filing

2017

Revenue$603,813
Expenses$584,390
Net Income$19,423
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 2, 2018
Return Version
2017v2.2
Gross Receipts
$603,813
Mission and Program Overview

Mission

WCCU was chartered for the purpose of encouraging thrift among its members, creating a source of credit at fair and reasonable rates of interest.

Wccu was chartered for the purpose of encouraging thrift among its members, creating a source of credit at fair and reasonable rates of interest,

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,490,365$9,149,025▼ $341,340
Other Notes and Loans Receivable, Net$4,090,726$4,113,307▲ $22,581
Cash and Non-Interest-Bearing Accounts$1,318,375$1,826,644▲ $508,269
Rtn Earn Endowment Incm Other Fnds$1,417,818$1,437,241▲ $19,423
Land, Buildings, and Equipment, Net$296,507$279,833▼ $16,674
Receivables From Officers Etc$111,058$107,917▼ $3,141
Accounts Receivable$39,934$49,132▲ $9,198
Prepaid Expenses and Deferred Charges$34,104$19,429▼ $14,675
Inventories for Sale or Use$2,076$1,910▼ $166
Total Assets$15,527,087$15,687,707▲ $160,620
Other Assets Total$143,942$140,510▼ $3,432
Liabilities
Other Liabilities$14,050,949$14,112,629▲ $61,680
Accounts Payable and Accrued Expenses$58,320$137,837▲ $79,517
Total Liabilities$14,109,269$14,250,466▲ $141,197
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,417,818$1,437,241▲ $19,423
Total Liabilities and Net Assets / Fund Balance$15,527,087$15,687,707▲ $160,620

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$260,215$98,985$359,200
Equipment$19,618$39,906$59,524
Other Securities$9,149,025--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleBaseTotal
Kay Rankin-swanManager/CEO$66,743$66,743

Board Members and Trustees

NameTitle
Steve TuxhornChairman
Vicki LeyvaVice Chair
Amy BoysawBoard Member
Doug RoeberBoard Member
Loredia PottsBoard Member
Nancy UpchurchBoard Member
Arcadio RiveraBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$432,267
Investment Income
$154,603
Other Revenue
$16,943
Change in Net Assets
$19,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,787
Salaries, Compensation, and Employee Benefits$254,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$122,626--$122,626
Current Officers, Directors, Trustees, and Key Employees$66,743--$66,743
Information Technology$56,117--$56,117
Other Employee Benefits$39,464--$39,464
All Other Expenses$34,387--$34,387
Occupancy$24,877--$24,877
Office Expenses$23,062--$23,062
Insurance$15,244--$15,244
Payroll Taxes$15,155--$15,155
Conferences and Meetings$13,933--$13,933
Depreciation Depletion$12,391--$12,391
Advertising$11,707--$11,707
Fees for Services Accounting$11,700--$11,700
Pension Plan Contributions$10,615--$10,615
Other Expenses$4,979--$4,979
Total Functional Expenses$584,390$0$0$584,390
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$111,058$107,917▼ $3,141
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Share And Savings$11,722,686
Member Share Drafts$2,389,943
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ward County Credit Union
EIN
75-1085796
Phone
4329433445
Address
301 South Main, Monahans, TX 79756

Signing Officer

Name
Kay Rankin-swan Manager
Title
Manager
Phone
4329433445
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kay Rankin-swan
Formed
1953
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
9
Volunteers
0

Preparer

Firm
Greg R Schmidtcpa
Address
2 Baltusrol, AMARILLO, TX 79124
Preparer
Greg R Schmidt
Phone
8552759297
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

“All officials, directors and key employees are required to file and annual conflict of interest disclosure statements”

Pt VI, Line 19

“WCCU makes its governing documents, conflict of interest policy and its financial statemetns available to the public upon request.”

Pt VI, Line 11B

“A copy of the 990 form was provided to the credit union for review.”

Form 990, Part IX, Line 24E

“Dividends Paid 25572. 25572.”

Form 990, Part IX, Line 24E

“League Dues 8815. 8815.”

Raw XML Appendix400 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/ProgSrvcAccomActy3Grp/Desc0CONSUMER LOANS - WCCU HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS AND MOTORCYLCES. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES.
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IRS990ScheduleD/EquipmentGrp/BookValueAmt019618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039906
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt059524
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12389943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Total Share And Savings
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Member Share Drafts
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Certificates of Deposit
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
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IRS990ScheduleD/TotalLiabilityAmt014112629
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt316346
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt166516
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt272058
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt327519
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1STEVE TUXHORN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2NANCY UPCHURCH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3ARCADIO RIVERA
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Board Member
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All officials, directors and key employees are required to file and annual conflict of interest disclosure statements
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WCCU makes its governing documents, conflict of interest policy and its financial statemetns available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the 990 form was provided to the credit union for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dividends Paid 25572. 25572.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4League Dues 8815. 8815.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalReportableCompFromOrgAmt066743
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0599951
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0603813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03862
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015687707
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/CityNm0Monahans
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IRS990/USAddress/ZIPCd079756
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAY RANKIN-SWAN MANAGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04329433445
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ward County Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0WARD
ReturnHeader/Filer/EIN0751085796
ReturnHeader/Filer/PhoneNum04329433445
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 South Main
ReturnHeader/Filer/USAddress/CityNm0Monahans
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079756
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId063CDAE170B5AFC09AF5FAA18A048CD4E156B2B22
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId063CDAE170B5AFC09AF5FAA18A048CD4E156B2B22
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.26.133.40
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm006:06:56
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREG R SCHMIDTCPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 Baltusrol
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMARILLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079124
ReturnHeader/PreparerPersonGrp/PhoneNum08552759297
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG R SCHMIDT
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-11T06:06:59-07:00
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
$15,687,707
Liabilities
$14,250,466
Net assets
$1,437,241
Revenue
$603,813
Expenses
$584,390
Net income
$19,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$18.4$16.8$1.57$0.64$0.60$0.04
2020Detailed filing. Detailed filing data is available for this year.$19.4$17.9$1.52$0.69$0.63$0.06
2019Detailed filing. Detailed filing data is available for this year.$17.5$16.0$1.47$0.70$0.68$0.02
2018Detailed filing. Detailed filing data is available for this year.$16.3$14.9$1.45$0.65$0.64$0.01
2017Detailed filing. Detailed filing data is available for this year.$15.7$14.3$1.44$0.60$0.58$0.02
2016Detailed filing. Detailed filing data is available for this year.$15.5$14.1$1.42$0.62$0.63$0.01
2015Detailed filing. Detailed filing data is available for this year.$15.9$14.5$1.43$0.70$0.68$0.03
2014Detailed filing. Detailed filing data is available for this year.$16.2$14.8$1.38$0.74$0.72$0.01
2013Detailed filing. Detailed filing data is available for this year.$15.8$14.4$1.37$0.75$0.71$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$13.9$1.32$0.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$12.8$1.21$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$9.99$1.14$0.72