Civic Intelligence

Credit Unions Chartered in the State of Colorado

990 • Fiscal year 2015 • EIN 84-0528869

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

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

87th percentile

0.90x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

38th percentile

14.53x

Higher debt load relative to revenue than 38% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Net Margin

85th percentile

16%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$56,369

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2015

Asset Growth

58th percentile

1.6%

Faster asset growth than 58% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

0.0%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$4,759,394

Up $77,036 (+1.6%) from 2014

Net Assets

Up

$494,066

Up $45,857 (+10%) from 2014

Liabilities

Up

$4,265,328

Up $31,179 (+0.7%) from 2014

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin85th percentile

Revenue

Up

$293,555

Up $145 (+0.0%) from 2014

Expenses

Up

$247,697

Up $26,290 (+12%) from 2014

Net Income

Down

$45,858

Down $26,145 (-36%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2015

Assets$4,759,394
Liabilities$4,265,328
Net Assets$494,066
Open 2015 Filing

Operations Trend

Revenue Growth53rd 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

2015

Revenue$293,555
Expenses$247,697
Net Income$45,858
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$293,555
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$3,285,117$3,445,313▲ $160,196
Savings and Temporary Cash Investments$1,167,487$1,104,311▼ $63,176
Rtn Earn Endowment Incm Other Fnds$317,364$363,221▲ $45,857
Land, Buildings, and Equipment, Net$172,566$163,250▼ $9,316
Pd in Cap Srpls Land Bldg Eqp Fund$130,845$130,845→ $0
Cash and Non-Interest-Bearing Accounts$36,875$23,085▼ $13,790
Prepaid Expenses and Deferred Charges$6,946$6,444▼ $502
Total Assets$4,682,358$4,759,394▲ $77,036
Other Assets Total$13,367$16,991▲ $3,624
Liabilities
Other Liabilities$4,223,614$4,253,150▲ $29,536
Accounts Payable and Accrued Expenses$10,535$12,178▲ $1,643
Total Liabilities$4,234,149$4,265,328▲ $31,179
Net Assets / Fund Balance
Total Net Assets Fund Balance$448,209$494,066▲ $45,857
Total Liabilities and Net Assets / Fund Balance$4,682,358$4,759,394▲ $77,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$96,840$38,284-
Land$45,000--
Equipment$7,973$124,044-
Leasehold Improvements$13,437$18,470-
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laura SchellManagerFT$56,369$56,369

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
$293,555
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$45,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$127,969
Salaries, Compensation, and Employee Benefits$119,728
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,369$0$0$56,369
Other Salaries and Wages$46,276$0$0$46,276
Information Technology$28,682$0$0$28,682
All Other Expenses$16,920$0$0$16,920
Depreciation Depletion$13,467$0$0$13,467
Office Expenses$11,820--$11,820
Other Expenses$10,158$0$0$10,158
Occupancy$8,122--$8,122
Payroll Taxes$7,951$0$0$7,951
Insurance$6,891$0$0$6,891
Conferences and Meetings$6,737$0$0$6,737
Other Employee Benefits$6,414$0$0$6,414
Fees for Services Accounting$6,231$0$0$6,231
Pension Plan Contributions$2,718$0$0$2,718
Advertising$2,236$0$0$2,236
Fees for Services Management$1,386$0$0$1,386
Fees for Services Legal$645$0$0$645
Total Functional Expenses$247,697$0$0$247,697
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$4,253,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
2016-05-13
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
Minke & O'Connor CPAs LLP
Address
PO BOX 9, SALIDA, CO 81201
Preparer
MELINDA R O'CONNOR
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 24E

“Cash short(Over) -5. -5. 0. 0.”

Form 990, Part IX, Line 24E

“Credit Bureau, filing fees 5776. 5776. 0. 0.”

Form 990, Part IX, Line 24E

“Provisional For Loan Loss 1238. 1238. 0. 0.”

Form 990, Part IX, Line 24E

“Statement Processing 3778. 3778. 0. 0.”

Form 990, Part IX, Line 24E

“Association dues 3706. 3706. 0. 0.”

Form 990, Part IX, Line 24E

“Board Meeting/Scholarship/Misc 1612. 1612. 0. 0.”

Form 990, Part IX, Line 24E

“Exam Fees 815. 815. 0. 0.”

Raw XML Appendix378 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.

Path#Value
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0317364
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0363221
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01167487
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01104311
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt096840
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038284
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0135124
IRS990ScheduleD/EquipmentGrp/BookValueAmt07973
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0124044
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0132017
IRS990ScheduleD/LandGrp/BookValueAmt045000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt045000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013437
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018470
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt031907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04253150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0163250
IRS990ScheduleD/TotalLiabilityAmt04253150
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) -5. -5. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit Bureau, filing fees 5776. 5776. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Provisional For Loan Loss 1238. 1238. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Statement Processing 3778. 3778. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Association dues 3706. 3706. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Board Meeting/Scholarship/Misc 1612. 1612. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Exam Fees 815. 815. 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 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04682358
IRS990/TotalAssetsEOYAmt04759394
IRS990/TotalAssetsGrp/BOYAmt04682358
IRS990/TotalAssetsGrp/EOYAmt04759394
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0247697
IRS990/TotalFunctionalExpensesGrp/TotalAmt0247697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04234149
IRS990/TotalLiabilitiesEOYAmt04265328
IRS990/TotalLiabilitiesGrp/BOYAmt04234149
IRS990/TotalLiabilitiesGrp/EOYAmt04265328
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0448209
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0494066
IRS990/TotalProgramServiceRevenueAmt0293555
IRS990/TotalReportableCompFromOrgAmt056369
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0293555
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0293555
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04682358
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04759394
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/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA SCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07195896535
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
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/BusinessNameLine1Txt0Minke & O'Connor CPAs LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALIDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081201
ReturnHeader/PreparerPersonGrp/PhoneNum07195393150
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELINDA R O'CONNOR
ReturnHeader/ReturnTs02016-06-03T10:57:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,759,394
Liabilities
$4,265,328
Net assets
$494,066
Revenue
$293,555
Expenses
$247,697
Net income
$45,858
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