Civic Intelligence

Credit Unions Chartered in the State of Colorado

990 • Fiscal year 2016 • EIN 84-0528869

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 01, 2017

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

73rd percentile

0.89x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

29th percentile

14.58x

Higher debt load relative to revenue than 29% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Net Margin

89th percentile

19%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

66th percentile

$61,346

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2016

Asset Growth

83rd percentile

6.3%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

5.3%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,059,037

Up $299,643 (+6.3%) from 2015

Net Assets

Up

$552,824

Up $58,758 (+12%) from 2015

Liabilities

Up

$4,506,213

Up $240,885 (+5.6%) from 2015

Revenue

Up

$309,069

Up $15,514 (+5.3%) from 2015

Expenses

Up

$250,290

Up $2,593 (+1.0%) from 2015

Net Income

Up

$58,779

Up $12,921 (+28%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$5,059,037
Liabilities$4,506,213
Net Assets$552,824

Operations Trend

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

2016

Revenue$309,069
Expenses$250,290
Net Income$58,779
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 1, 2017
Return Version
2016v3.0
Gross Receipts
$309,069
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$3,445,313$3,650,543▲ $205,230
Savings and Temporary Cash Investments$1,104,311$1,196,127▲ $91,816
Rtn Earn Endowment Incm Other Fnds$363,221$421,979▲ $58,758
Land, Buildings, and Equipment, Net$163,250$168,414▲ $5,164
Pd in Cap Srpls Land Bldg Eqp Fund$130,845$130,845→ $0
Cash and Non-Interest-Bearing Accounts$23,085$21,722▼ $1,363
Prepaid Expenses and Deferred Charges$6,444$6,606▲ $162
Total Assets$4,759,394$5,059,037▲ $299,643
Other Assets Total$16,991$15,625▼ $1,366
Liabilities
Other Liabilities$4,253,150$4,493,378▲ $240,228
Accounts Payable and Accrued Expenses$12,178$12,835▲ $657
Total Liabilities$4,265,328$4,506,213▲ $240,885
Net Assets / Fund Balance
Total Net Assets Fund Balance$494,066$552,824▲ $58,758
Total Liabilities and Net Assets / Fund Balance$4,759,394$5,059,037▲ $299,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$92,711$42,413-
Land$45,000--
Equipment$18,688$127,606-
Leasehold Improvements$12,015$20,830-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura SchellManagerFT$61,346$61,346

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
$309,069
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$58,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,488
Salaries, Compensation, and Employee Benefits$118,802
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$61,346--$61,346
Other Salaries and Wages$47,875--$47,875
Information Technology$28,344--$28,344
All Other Expenses$22,353--$22,353
Office Expenses$13,064--$13,064
Depreciation Depletion$10,090--$10,090
Other Expenses$10,014--$10,014
Conferences and Meetings$9,846--$9,846
Payroll Taxes$8,355--$8,355
Occupancy$7,462--$7,462
Insurance$6,391--$6,391
Fees for Services Accounting$6,280--$6,280
Advertising$3,262--$3,262
Fees for Services Management$2,339--$2,339
Other Employee Benefits$1,226--$1,226
Total Functional Expenses$250,290$0$0$250,290
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$4,493,378
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
2017-08-01
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) 1150. 1150.

Form 990, Part IX, Line 24E

Credit Bureau, filing fees 6166. 6166.

Form 990, Part IX, Line 24E

Provisional For Loan Loss 5556. 5556.

Form 990, Part IX, Line 24E

Statement Processing 4156. 4156.

Form 990, Part IX, Line 24E

Association dues 3504. 3504.

Form 990, Part IX, Line 24E

Board Meeting/Scholarship/Misc 1187. 1187.

Form 990, Part IX, Line 24E

Exam Fees 634. 634.

Raw XML Appendix343 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/Form990PartVIISectionAGrp/PersonNm0GARY GOODWIN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
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IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/GrantsToOrganizationsInd0false
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IRS990/InformationTechnologyGrp/TotalAmt028344
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0State Chartered Credit Union
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0494066
IRS990/NetAssetsOrFundBalancesEOYAmt0552824
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt07462
IRS990/OccupancyGrp/TotalAmt07462
IRS990/OfficeExpensesGrp/ProgramServicesAmt013064
IRS990/OfficeExpensesGrp/TotalAmt013064
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016991
IRS990/OtherAssetsTotalGrp/EOYAmt015625
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IRS990/OtherExpensesGrp/Desc0Dividends
IRS990/OtherExpensesGrp/Desc1Telecheck costs
IRS990/OtherExpensesGrp/Desc2Collection Expense
IRS990/OtherExpensesGrp/Desc3Debit Card Expenses
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IRS990/PartialLiquidationInd0false
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IRS990/ProgramServiceRevenueGrp/Desc2Bank Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Income
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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) 1150. 1150.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit Bureau, filing fees 6166. 6166.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Provisional For Loan Loss 5556. 5556.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Statement Processing 4156. 4156.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Association dues 3504. 3504.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Board Meeting/Scholarship/Misc 1187. 1187.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Exam Fees 634. 634.
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/TotalAssetsBOYAmt04759394
IRS990/TotalAssetsEOYAmt05059037
IRS990/TotalAssetsGrp/BOYAmt04759394
IRS990/TotalAssetsGrp/EOYAmt05059037
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0250290
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250290
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04265328
IRS990/TotalLiabilitiesEOYAmt04506213
IRS990/TotalLiabilitiesGrp/BOYAmt04265328
IRS990/TotalLiabilitiesGrp/EOYAmt04506213
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0494066
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0552824
IRS990/TotalProgramServiceRevenueAmt0309069
IRS990/TotalReportableCompFromOrgAmt061346
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0309069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309069
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04759394
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05059037
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA SCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07195896535
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-01
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0E736E2E537C5C20252BBC008C754CD934F95218C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E736E2E537C5C20252BBC008C754CD934F95218C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.24.41.117
ReturnHeader/FilingSecurityInformation/IPDt02017-08-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:11:42
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/PreparationDt02017-08-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELINDA R O'CONNOR
ReturnHeader/ReturnTs02017-08-28T13:11:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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