Civic Intelligence

Credit Unions Chartered in the State of Colorado

990 • Fiscal year 2014 • EIN 84-0528869

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 29, 2015

Organization ProfileN/A

View Organization Page

910 Main StAlamosa, CO 81101

(719) 589-6535

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

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

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

14.43x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

25%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$45,456

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2014

Asset Growth

17th percentile

-6.6%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

8.8%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$4,682,358

Down $328,813 (-6.6%) from 2013

Net Assets

Up

$448,209

Up $72,003 (+19%) from 2013

Liabilities

Down

$4,234,149

Down $400,816 (-8.6%) from 2013

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin92nd percentile

Revenue

Up

$293,410

Up $23,683 (+8.8%) from 2013

Expenses

Down

$221,407

Down $52,290 (-19%) from 2013

Net Income

Up

$72,003

Up $75,973 (+1914%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,959,325Liabilities 2010: $5,440,305Net Assets 2010: $519,0202010Assets 2011: $5,809,359Liabilities 2011: $5,452,895Net Assets 2011: $356,4642011Assets 2012: $5,720,868Liabilities 2012: $5,340,694Net Assets 2012: $380,1742012Assets 2013: $5,011,171Liabilities 2013: $4,634,965Net Assets 2013: $376,2062013Assets 2014: $4,682,358Liabilities 2014: $4,234,149Net Assets 2014: $448,2092014Assets 2015: $4,759,394Liabilities 2015: $4,265,328Net Assets 2015: $494,0662015Assets 2016: $5,059,037Liabilities 2016: $4,506,213Net Assets 2016: $552,8242016Assets 2017: $5,187,019Liabilities 2017: $4,551,257Net Assets 2017: $635,7622017Assets 2018: $4,588,028Liabilities 2018: $3,914,541Net Assets 2018: $673,4872018Assets 2019: $5,216,510Liabilities 2019: $4,474,785Net Assets 2019: $741,7252019Assets 2020: $6,012,111Liabilities 2020: $5,180,527Net Assets 2020: $831,5842020Assets 2021: $6,279,764Liabilities 2021: $5,316,921Net Assets 2021: $962,8432021Assets 2022: $5,862,063Liabilities 2022: $4,765,112Net Assets 2022: $1,096,9512022Assets 2023: $5,771,218Liabilities 2023: $4,549,336Net Assets 2023: $1,221,8822023Assets 2024: $5,941,034Liabilities 2024: $4,648,792Net Assets 2024: $1,292,2422024

Highlighted filing

2014

Assets$4,682,358
Liabilities$4,234,149
Net Assets$448,209
Open 2014 Filing

Operations Trend

Revenue Growth89th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $425,3402010Revenue 2011: $346,489Expenses 2011: $509,045Net Income 2011: -$162,5562011Expenses 2012: $307,3492012Revenue 2013: $269,727Expenses 2013: $273,697Net Income 2013: -$3,9702013Revenue 2014: $293,410Expenses 2014: $221,407Net Income 2014: $72,0032014Revenue 2015: $293,555Expenses 2015: $247,697Net Income 2015: $45,8582015Revenue 2016: $309,069Expenses 2016: $250,290Net Income 2016: $58,7792016Revenue 2017: $327,161Expenses 2017: $244,245Net Income 2017: $82,9162017Revenue 2018: $324,227Expenses 2018: $286,502Net Income 2018: $37,7252018Revenue 2019: $361,186Expenses 2019: $292,947Net Income 2019: $68,2392019Revenue 2020: $369,756Expenses 2020: $279,898Net Income 2020: $89,8582020Revenue 2021: $417,890Expenses 2021: $286,630Net Income 2021: $131,2602021Revenue 2022: $410,696Expenses 2022: $276,588Net Income 2022: $134,1082022Revenue 2023: $405,479Expenses 2023: $280,548Net Income 2023: $124,9312023Revenue 2024: $454,265Expenses 2024: $323,197Net Income 2024: $131,0682024

Highlighted filing

2014

Revenue$293,410
Expenses$221,407
Net Income$72,003
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 29, 2015
Return Version
2014v5.0
Gross Receipts
$293,410
Mission and Program Overview

Mission

State Chartered Credit Union provides savings checking and loans to members.

State Chartered Credit Union Provide savings, checking and loans to credit union members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,823,430$3,285,117▲ $461,687
Savings and Temporary Cash Investments$1,916,367$1,167,487▼ $748,880
Rtn Earn Endowment Incm Other Fnds$245,361$317,364▲ $72,003
Land, Buildings, and Equipment, Net$166,140$172,566▲ $6,426
Pd in Cap Srpls Land Bldg Eqp Fund$130,845$130,845→ $0
Cash and Non-Interest-Bearing Accounts$29,949$36,875▲ $6,926
Prepaid Expenses and Deferred Charges$21,903$6,946▼ $14,957
Total Assets$5,011,171$4,682,358▼ $328,813
Other Assets Total$53,382$13,367▼ $40,015
Liabilities
Other Liabilities$4,627,419$4,223,614▼ $403,805
Accounts Payable and Accrued Expenses$7,546$10,535▲ $2,989
Total Liabilities$4,634,965$4,234,149▼ $400,816
Net Assets / Fund Balance
Total Net Assets Fund Balance$376,206$448,209▲ $72,003
Total Liabilities and Net Assets / Fund Balance$5,011,171$4,682,358▼ $328,813

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$101,343$33,781-
Land$45,000--
Equipment$12,099$117,018-
Leasehold Improvements$14,124$16,533-
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laura SchellManagerFT$45,456$45,456

Board Members and Trustees

NameTitle
Bob JonesBoard Member
Gary GoodwinBoard Member
Jon MontanoBoard Member
Joseph KolupkeBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$293,410
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$72,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,900
Other Expenses$102,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$49,386$0$0$49,386
Current Officers, Directors, Trustees, and Key Employees$45,456$0$0$45,456
Information Technology$28,999$0$0$28,999
Depreciation Depletion$14,894$0$0$14,894
Conferences and Meetings$14,268$0$0$14,268
Other Employee Benefits$14,121$0$0$14,121
Office Expenses$11,757$0$0$11,757
Other Expenses$9,864$0$0$9,864
Occupancy$8,668$0$0$8,668
Fees for Services Legal$7,981$0$0$7,981
Insurance$7,270$0$0$7,270
Payroll Taxes$7,255$0$0$7,255
Fees for Services Accounting$5,650$0$0$5,650
Pension Plan Contributions$2,682$0$0$2,682
Fees for Services Management$1,708$0$0$1,708
Advertising$670$0$0$670
All Other Expenses$-33,357$0$0$-33,357
Total Functional Expenses$221,407$0$0$221,407
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$4,223,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Valley Educators Credit Union
EIN
84-0528869
Phone
7195896535
Address
910 Main St, Alamosa, CO 81101

Signing Officer

Name
Laura Schell
Title
Manager
Phone
7195896535
Signed
2015-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Schell
Formed
1959
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
0
Employees
4
Volunteers
8

Preparer

Firm
Roger a Minke CPA
Address
PO BOX 9, Salida, CO 81201-0009
Preparer
Roger a Minke
Phone
7195393150
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Credit union has members only”

Pt VI, Line 7A

“Members elect the board of Directors”

Pt VI, Line 7B

“The board of Directors determine policy”

Pt VI, Line 11B

“Prior to filing, the board of directors has the opportunity to reveiw the return”

Pt VI, Line 15A

“Salary is determined by comparable in locak market”

Form 990, Part IX, Line 24F

“Cash short(over) 209. 209. 0. 0. Credit burea, filing fees 8011. 8011. 0. 0. Provisional for loan loss -50009. -50009. 0. 0. Statment processing 1742. 1742. 0. 0. Association dues 4206. 4206. 0. 0. Board meeting/scholarship/misc 2031. 2031. 0. 0. Exam fees 453. 453. 0. 0.”

Raw XML Appendix395 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/Desc2Bank Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Income
IRS990/ProgramServiceRevenueGrp/Desc4Loan Fee Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0256790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221325
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45919
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011268
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0158857
IRS990/PYProgramServiceRevenueAmt0258459
IRS990/PYRevenuesLessExpensesAmt0-3970
IRS990/PYSalariesCompEmpBnftPaidAmt0114840
IRS990/PYTotalExpensesAmt0273697
IRS990/PYTotalRevenueAmt0269727
IRS990/ReconcilationRevenueExpnssAmt072003
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0245361
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0317364
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01916367
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01167487
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0101343
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033781
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0135124
IRS990ScheduleD/EquipmentGrp/BookValueAmt012099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117018
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0129117
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt045000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014124
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016533
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt030657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04223614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0172566
IRS990ScheduleD/TotalLiabilityAmt04223614
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Credit union has members only
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members elect the board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of Directors determine policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Prior to filing, the board of directors has the opportunity to reveiw the return
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salary is determined by comparable in locak market
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CASH SHORT(OVER) 209. 209. 0. 0. CREDIT BUREA, FILING FEES 8011. 8011. 0. 0. PROVISIONAL FOR LOAN LOSS -50009. -50009. 0. 0. STATMENT PROCESSING 1742. 1742. 0. 0. ASSOCIATION DUES 4206. 4206. 0. 0. BOARD MEETING/SCHOLARSHIP/MISC 2031. 2031. 0. 0. EXAM FEES 453. 453. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05011171
IRS990/TotalAssetsEOYAmt04682358
IRS990/TotalAssetsGrp/BOYAmt05011171
IRS990/TotalAssetsGrp/EOYAmt04682358
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221407
IRS990/TotalFunctionalExpensesGrp/TotalAmt0221407
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04634965
IRS990/TotalLiabilitiesEOYAmt04234149
IRS990/TotalLiabilitiesGrp/BOYAmt04634965
IRS990/TotalLiabilitiesGrp/EOYAmt04234149
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0376206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0448209
IRS990/TotalProgramServiceRevenueAmt0293410
IRS990/TotalReportableCompFromOrgAmt045456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0293410
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0293410
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05011171
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04682358
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0910 Main St
IRS990/USAddress/CityNm0Alamosa
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081101
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA SCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07195896535
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Valley Educators Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0840528869
ReturnHeader/Filer/PhoneNum07195896535
ReturnHeader/Filer/USAddress/AddressLine1Txt0910 Main St
ReturnHeader/Filer/USAddress/CityNm0Alamosa
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081101
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROGER A MINKE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salida
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0812010009
ReturnHeader/PreparerPersonGrp/PhoneNum07195393150
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROGER A MINKE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-15T09:10:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,682,358
Liabilities
$4,234,149
Net assets
$448,209
Revenue
$293,410
Expenses
$221,407
Net income
$72,003
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.94$4.65$1.29$0.45$0.32$0.13
2023Detailed filing. Detailed filing data is available for this year.$5.77$4.55$1.22$0.41$0.28$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.86$4.77$1.10$0.41$0.28$0.13
2021Detailed filing. Detailed filing data is available for this year.$6.28$5.32$0.96$0.42$0.29$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.01$5.18$0.83$0.37$0.28$0.09
2019Detailed filing. Detailed filing data is available for this year.$5.22$4.47$0.74$0.36$0.29$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.59$3.91$0.67$0.32$0.29$0.04
2017Detailed filing. Detailed filing data is available for this year.$5.19$4.55$0.64$0.33$0.24$0.08
2016Detailed filing. Detailed filing data is available for this year.$5.06$4.51$0.55$0.31$0.25$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.76$4.27$0.49$0.29$0.25$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.68$4.23$0.45$0.29$0.22$0.07
2013Detailed filing. Detailed filing data is available for this year.$5.01$4.63$0.38$0.27$0.27$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$5.34$0.38$0.31
2011Summary only. Only limited summary data is available for this year.$5.81$5.45$0.36$0.35$0.51$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$5.44$0.52$0.43