Civic Intelligence

Credit Unions in the State of New Mexico

990 • Fiscal year 2016 • EIN 85-0161080

Jan 01, 2016 to Dec 31, 2016 • Filed on May 07, 2017

Organization ProfileWWW.FINSECCU.COM

View Organization Page

1105 West PierceCarlsbad, NM 88220

(575) 887-6030

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.88x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

14.97x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Net Margin

51st percentile

8.4%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$115,165

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2016

Asset Growth

7th percentile

-2.5%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

1.8%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$41,054,411

Down $1,058,565 (-2.5%) from 2015

Net Assets

Up

$4,841,867

Up $190,382 (+4.1%) from 2015

Liabilities

Down

$36,212,544

Down $1,248,947 (-3.3%) from 2015

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin51st percentile

Revenue

Up

$2,418,738

Up $43,444 (+1.8%) from 2015

Expenses

Up

$2,216,123

Up $288,713 (+15%) from 2015

Net Income

Down

$202,615

Down $245,269 (-55%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$60M$40M$20M$0Assets 2011: $28,603,683Liabilities 2011: $25,723,241Net Assets 2011: $2,880,4422011Assets 2012: $30,711,887Liabilities 2012: $27,371,976Net Assets 2012: $3,339,9112012Assets 2013: $34,003,673Liabilities 2013: $30,150,343Net Assets 2013: $3,853,3302013Assets 2014: $39,523,844Liabilities 2014: $35,320,243Net Assets 2014: $4,203,6012014Assets 2015: $42,112,976Liabilities 2015: $37,461,491Net Assets 2015: $4,651,4852015Assets 2016: $41,054,411Liabilities 2016: $36,212,544Net Assets 2016: $4,841,8672016Assets 2017: $43,633,208Liabilities 2017: $38,534,960Net Assets 2017: $5,098,2482017Assets 2018: $46,605,632Liabilities 2018: $41,152,411Net Assets 2018: $5,453,2212018Assets 2019: $48,266,899Liabilities 2019: $42,319,364Net Assets 2019: $5,947,5352019Assets 2020: $53,205,701Liabilities 2020: $47,021,316Net Assets 2020: $6,184,3852020Assets 2021: $55,978,482Liabilities 2021: $49,567,239Net Assets 2021: $6,411,2432021Assets 2022: $59,542,140Liabilities 2022: $52,524,428Net Assets 2022: $7,017,7122022Assets 2023: $59,797,422Liabilities 2023: $51,832,777Net Assets 2023: $7,964,6452023Assets 2024: $58,141,403Liabilities 2024: $48,828,067Net Assets 2024: $9,313,3362024

Highlighted filing

2016

Assets$41,054,411
Liabilities$36,212,544
Net Assets$4,841,867
Open 2016 Filing

Operations Trend

Revenue Growth40th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2011: $1,322,3492011Expenses 2012: $1,371,1412012Revenue 2013: $2,009,870Expenses 2013: $1,496,451Net Income 2013: $513,4192013Revenue 2014: $2,169,504Expenses 2014: $1,819,233Net Income 2014: $350,2712014Revenue 2015: $2,375,294Expenses 2015: $1,927,410Net Income 2015: $447,8842015Revenue 2016: $2,418,738Expenses 2016: $2,216,123Net Income 2016: $202,6152016Revenue 2017: $2,326,938Expenses 2017: $2,070,557Net Income 2017: $256,3812017Revenue 2018: $2,562,690Expenses 2018: $2,207,717Net Income 2018: $354,9732018Revenue 2019: $2,889,372Expenses 2019: $2,632,733Net Income 2019: $256,6392019Revenue 2020: $2,794,228Expenses 2020: $2,634,981Net Income 2020: $159,2472020Revenue 2021: $2,745,222Expenses 2021: $2,674,936Net Income 2021: $70,2862021Revenue 2022: $3,190,623Expenses 2022: $2,584,154Net Income 2022: $606,4692022Revenue 2023: $3,728,717Expenses 2023: $2,841,172Net Income 2023: $887,5452023Revenue 2024: $4,273,885Expenses 2024: $3,332,159Net Income 2024: $941,7262024

Highlighted filing

2016

Revenue$2,418,738
Expenses$2,216,123
Net Income$202,615
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 7, 2017
Return Version
2016v3.0
Gross Receipts
$2,462,002
Mission and Program Overview

Mission

SEE PART I, NUMBER 1

The credit union strives to offer the best possible dividends on shares, loans at reasonable rates, a product mix to meet the needs of our members, and to provide efficient and friendly service to those who are in our common bond. The credit union seeks to maintain its long-term financial stability, while protecting the assets of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,140,112$26,544,446▼ $3,595,666
Savings and Temporary Cash Investments$5,794,026$8,435,104▲ $2,641,078
Rtn Earn Endowment Incm Other Fnds$4,651,485$4,841,867▲ $190,382
Land, Buildings, and Equipment, Net$3,015,345$2,917,089▼ $98,256
Cash and Non-Interest-Bearing Accounts$967,060$973,615▲ $6,555
Receivables From Officers Etc$107,642$78,911▼ $28,731
Prepaid Expenses and Deferred Charges$33,461$26,296▼ $7,165
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$42,112,976$41,054,411▼ $1,058,565
Other Assets Total$2,055,330$2,078,950▲ $23,620
Liabilities
Other Liabilities$37,240,932$36,020,673▼ $1,220,259
Accounts Payable and Accrued Expenses$220,559$191,871▼ $28,688
Total Liabilities$37,461,491$36,212,544▼ $1,248,947
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,651,485$4,841,867▲ $190,382
Total Liabilities and Net Assets / Fund Balance$42,112,976$41,054,411▼ $1,058,565

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,238,836$333,395-
Other Land Buildings$30,879$4,190-
Land$529,668--
Equipment$117,706$463,595-
Other Assets Org$745,799--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Judy CarrascoCEOFT$115,165$115,165

Board Members and Trustees

NameTitle
Jason CrockettChairperson
Rob ChristiansenVice Chairperson
Riley NeatherlinMember
Misti FernandezSecretary
Kay TigertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,254,274
Investment Income
$40,784
Other Revenue
$123,680
Change in Net Assets
$202,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,276,037
Salaries, Compensation, and Employee Benefits$940,086
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$609,697
Office Expenses---$150,404
Depreciation Depletion---$129,309
Interest---$125,076
Current Officers, Directors, Trustees, and Key Employees---$115,165
Other Employee Benefits---$88,741
Information Technology---$83,529
Pension Plan Contributions---$68,711
Advertising---$64,703
Occupancy---$64,702
Payroll Taxes---$57,772
Insurance---$42,470
Travel---$32,335
All Other Expenses---$29,951
Fees for Services Other---$26,946
Fees for Services Legal---$22,529
Other Expenses---$19,346
Fees for Services Accounting---$11,710
Conferences and Meetings---$7,734
Fees for Services Management---$6,009
Total Functional Expenses$0$0$0$2,216,123
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 Officers, Directors, Trustees, and Key Employees$107,642$78,911▼ $28,731
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES & SAVINGS ACCOUNTS$35,613,705
Regular Reserves$406,968
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 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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members who purchase ownership interests by opening primary share deposit accounts with the credit union.”

Form 990, Part VI, Section A, Line 7A

“The member-owners vote to elect or replace members of the board of directors.”

Form 990, Part VI, Section A, Line 8B

“The governing body does not delegate authority to any committees to act on the board's behalf.”

Form 990, Part VI, Section B, Line 11B

“The president/ceo provides a copy of the form 990 to the board at a monthly meeting.”

Form 990, Part VI, Section B, Line 12C

“Board members and key employyes must sign conflict of interest statements annually. Compliance with the policy is consistently monitored and enforced by the respective parties.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the ceo's performance annually and determines the salary for the next fiscal period accordingly. The ceo reviews the performance of key employees and uses market-based salary comparisons to determine pay increases for these individuals.”

Form 990, Part VI, Section C, Line 19

“The credit union makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Financial Security Credit Union
EIN
85-0161080
Phone
5758876030
Address
1105 WEST PIERCE, CARLSBAD, NM 88220

Signing Officer

Name
Judy Carrasco
Title
President/CEO
Phone
5758876030
Signed
2017-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Carrasco
Formed
1954
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
21
Volunteers
0

Preparer

Firm
Parks & Company Plc
Address
441 N WASHINGTON, EL DORADO, AR 71730
Preparer
G Pete Parks
Phone
8708623401
Raw XML AppendixShowing 400 of 426 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/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $125,000 IN THE FORM OF DIVIDENDS TO ITS MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $190,400.
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt078911
IRS990/ReconcilationRevenueExpnssAmt0202615
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04651485
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04841867
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05794026
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08435104
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02238836
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0333395
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02572231
IRS990ScheduleD/EquipmentGrp/BookValueAmt0117706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0463595
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0581301
IRS990ScheduleD/LandGrp/BookValueAmt0529668
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0529668
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0102145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128226
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2344911
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3852869
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt45000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5745799
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST - LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST - INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ANNUITIES TO FUND DEFERRED COMPENSATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5EMPLOYEE ANNUITY INSURANCE RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030879
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04190
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt035069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035613705
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1406968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES & SAVINGS ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR RESERVES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02917089
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02078950
IRS990ScheduleD/TotalLiabilityAmt036020673
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt031088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt130364
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt29765
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt32601
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt41540
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt53553
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0NEW VEHICLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1UNSECURED SIGNATURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2UNSECURED SIGNATURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3USED VEHICLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4UNSECURED SIGNATURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5UNSECURED SIGNATURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt036928
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt134135
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt213744
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt340070
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt41540
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt511638
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JUDY CARRASCO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JUDY CARRASCO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2KATHY NAVARRETTE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3MISTI FERNANDEZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4MISTI FERNANDEZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5MISTI FERNANDEZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2VP OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3BOARD SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4BOARD SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5BOARD SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd51
IRS990ScheduleL/TotalBalanceDueAmt078911
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS WHO PURCHASE OWNERSHIP INTERESTS BY OPENING PRIMARY SHARE DEPOSIT ACCOUNTS WITH THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER-OWNERS VOTE TO ELECT OR REPLACE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ANY COMMITTEES TO ACT ON THE BOARD'S BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT/CEO PROVIDES A COPY OF THE FORM 990 TO THE BOARD AT A MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS AND KEY EMPLOYYES MUST SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. COMPLIANCE WITH THE POLICY IS CONSISTENTLY MONITORED AND ENFORCED BY THE RESPECTIVE PARTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES THE SALARY FOR THE NEXT FISCAL PERIOD ACCORDINGLY. THE CEO REVIEWS THE PERFORMANCE OF KEY EMPLOYEES AND USES MARKET-BASED SALARY COMPARISONS TO DETERMINE PAY INCREASES FOR THESE INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042112976
IRS990/TotalAssetsEOYAmt041054411
IRS990/TotalAssetsGrp/BOYAmt042112976
IRS990/TotalAssetsGrp/EOYAmt041054411
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/TotalAmt02216123
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037461491
IRS990/TotalLiabilitiesEOYAmt036212544
IRS990/TotalLiabilitiesGrp/BOYAmt037461491
IRS990/TotalLiabilitiesGrp/EOYAmt036212544
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04651485
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04841867
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02254274
IRS990/TotalReportableCompFromOrgAmt0115165
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02418738
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02418738
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042112976
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt041054411
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt032335
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01105 WEST PIERCE
IRS990/USAddress/CityNm0CARLSBAD
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088220
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FINSECCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY CARRASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05758876030
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FINANCIAL SECURITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FINA
ReturnHeader/Filer/EIN0850161080

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,054,411
Liabilities
$36,212,544
Net assets
$4,841,867
Revenue
$2,418,738
Expenses
$2,216,123
Net income
$202,615
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.1$48.8$9.31$4.27$3.33$0.94
2023Summary only. Only limited summary data is available for this year.$59.8$51.8$7.96$3.73$2.84$0.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.5$52.5$7.02$3.19$2.58$0.61
2021Summary only. Only limited summary data is available for this year.$56.0$49.6$6.41$2.75$2.67$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.2$47.0$6.18$2.79$2.63$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.3$42.3$5.95$2.89$2.63$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.6$41.2$5.45$2.56$2.21$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$38.5$5.10$2.33$2.07$0.26
2016Detailed filing. Detailed filing data is available for this year.$41.1$36.2$4.84$2.42$2.22$0.20
2015Detailed filing. Detailed filing data is available for this year.$42.1$37.5$4.65$2.38$1.93$0.45
2014Detailed filing. Detailed filing data is available for this year.$39.5$35.3$4.20$2.17$1.82$0.35
2013Detailed filing. Detailed filing data is available for this year.$34.0$30.2$3.85$2.01$1.50$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$27.4$3.34$1.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$25.7$2.88$1.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)14 • $25M-$50M nonprofits