Civic Intelligence

Credit Unions Chartered in the State of Utah

EIN 87-0253571 • 501(c)14 • Salt Lake City, UT

Profile

To provide financial services to meet the needs of individual members by encouraging financial stability with a variety of financial products and services to meet the needs of each individual member.

3691 W 1987 SSalt Lake City, UT 84104

www.mgecu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

26th percentile

0.79x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

15.00x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2020

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

71st percentile

$79,125

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2020

Asset Growth

94th percentile

8.4%

Faster asset growth than 94% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-14%

Faster revenue growth than 13% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,025,226

Up $389,544 (+8.4%) from 2019

Liabilities

Up

$3,952,624

Up $447,703 (+13%) from 2019

Net Assets

Down

$1,072,602

Down $58,159 (-5.1%) from 2019

Revenue

Down

$263,470

Down $41,856 (-14%) from 2019

Expenses

Up

$321,629

Up $6,886 (+2.2%) from 2019

Net Income

Down

-$58,159

Down $48,742 (-518%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $5,057,121Liabilities 2011: $4,007,001Net Assets 2011: $1,050,1202011Assets 2012: $5,154,699Liabilities 2012: $4,091,074Net Assets 2012: $1,063,6252012Assets 2013: $4,775,269Liabilities 2013: $3,699,184Net Assets 2013: $1,076,0852013Assets 2014: $4,873,321Liabilities 2014: $3,783,236Net Assets 2014: $1,090,0852014Assets 2015: $4,632,263Liabilities 2015: $3,522,988Net Assets 2015: $1,109,2752015Assets 2016: $4,839,268Liabilities 2016: $3,729,346Net Assets 2016: $1,109,9222016Assets 2017: $5,191,332Liabilities 2017: $4,066,350Net Assets 2017: $1,124,9822017Assets 2018: $4,785,523Liabilities 2018: $3,645,345Net Assets 2018: $1,140,1782018Assets 2019: $4,635,682Liabilities 2019: $3,504,921Net Assets 2019: $1,130,7612019Assets 2020: $5,025,226Liabilities 2020: $3,952,624Net Assets 2020: $1,072,6022020

Highlighted filing

2020

Assets$5,025,226
Liabilities$3,952,624
Net Assets$1,072,602

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2011: $346,618Expenses 2011: $318,741Net Income 2011: $27,8772011Revenue 2012: $321,841Expenses 2012: $308,336Net Income 2012: $13,5052012Revenue 2013: $312,190Expenses 2013: $299,730Net Income 2013: $12,4602013Revenue 2014: $308,249Expenses 2014: $294,249Net Income 2014: $14,0002014Revenue 2015: $298,312Expenses 2015: $279,121Net Income 2015: $19,1912015Revenue 2016: $285,855Expenses 2016: $285,208Net Income 2016: $6472016Revenue 2017: $310,387Expenses 2017: $295,327Net Income 2017: $15,0602017Revenue 2018: $320,674Expenses 2018: $305,478Net Income 2018: $15,1962018Revenue 2019: $305,326Expenses 2019: $314,743Net Income 2019: -$9,4172019Revenue 2020: $263,470Expenses 2020: $321,629Net Income 2020: -$58,1592020

Highlighted filing

2020

Revenue$263,470
Expenses$321,629
Net Income-$58,159

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 10, 2021
Return Version
2020v4.0
Gross Receipts
$263,470
Mission and Program Overview

Mission

To provide financial services to meet the needs of individual members by encouraging financial stability with a variety of financial products and services to meet the needs of each individual member.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,971,412$2,413,681▲ $442,269
Other Notes and Loans Receivable, Net$2,445,078$2,286,799▼ $158,279
Rtn Earn Endowment Incm Other Fnds$1,130,761$1,072,602▼ $58,159
Receivables From Officers Etc$127,848$140,867▲ $13,019
Cash and Non-Interest-Bearing Accounts$40,713$134,086▲ $93,373
Prepaid Expenses and Deferred Charges$14,254$14,596▲ $342
Accounts Receivable$50$294▲ $244
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,635,682$5,025,226▲ $389,544
Other Assets Total$36,327$34,903▼ $1,424
Liabilities
Other Liabilities$3,490,288$3,937,780▲ $447,492
Accounts Payable and Accrued Expenses$14,633$14,844▲ $211
Total Liabilities$3,504,921$3,952,624▲ $447,703
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,130,761$1,072,602▼ $58,159
Total Liabilities and Net Assets / Fund Balance$4,635,682$5,025,226▲ $389,544
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lynn NelsonCEO/board MemberFT$79,125$79,125

Board Members and Trustees

NameTitle
Sarah BrusikBoard Chair
Mindy HardistyBoard Member/supervisory Chair
James JacobsonBoard Vice-chair
Dwight MarshallBoard Member
Joe KaneBoard Member
Ken LangfordBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$151,747
Investment Income
$43,781
Other Revenue
$67,942
Change in Net Assets
$-58,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,654
Salaries, Compensation, and Employee Benefits$130,462
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---$79,125
Information Technology---$21,888
Occupancy---$19,545
Other Expenses---$18,732
Other Salaries and Wages---$16,064
Pension Plan Contributions---$15,213
Other Employee Benefits---$10,085
Office Expenses---$10,028
Payroll Taxes---$9,975
All Other Expenses---$4,340
Benefits to Members---$3,513
Advertising---$3,143
Payments to Affiliates---$2,710
Insurance---$2,067
Fees for Services Other---$1,548
Fees for Services Legal---$849
Conferences and Meetings---$500
Fees for Services Accounting---$189
Total Functional Expenses$0$0$0$321,629
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$127,848$140,867▲ $13,019
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$3,937,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

WE HAVE 497 MEMBERS.

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

The members elect the board of directors at the annual meeting.

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

Decisions such as a merger between credit unions would require approval of the members.

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

Form 990 and all schedules and related forms are presented to the board during a monthly board meeting.

Form 990, Part VI, Section B, Line 15

Board does a salary comparison and review using data from sources such as cuna's salary survey and other available information for comparable credit unions. A performance review is conducted.

Form 990, Part VI, Section C, Line 19

Applicable documents are provided to members when requested by a member in writing or verbally.

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of Utah
EIN
87-0253571
Phone
8019087113
Address
3691 W 1987 S, SALT LAKE CITY, UT 84104
Doing Business As
Meadow Gold Employees Credit Union

Signing Officer

Name
Lynn Nelson
Title
CEO
Phone
8019087113
Signed
2021-03-10

Organization Details

Principal Officer
Lynn Nelson
Formed
1936
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
8
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1A

We use a payroll service for all payroll functions.

Form 990, Part V, Line 1B

We use a payroll service for all payroll functions.

Form 990, Part V, Line 2A

We use a payroll service for all payroll functions.

Form 990, Part IX, Line 5

We use a payroll service for all payroll functions.

Form 990, Part IX, Line 7

We use a payroll service for all payroll functions.

Raw XML AppendixShowing 400 of 434 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/PYSalariesCompEmpBnftPaidAmt0146085
IRS990/PYTotalExpensesAmt0314743
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0305326
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0127848
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0140867
IRS990/ReconcilationRevenueExpnssAmt0-58159
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01130761
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01072602
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01971412
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02413681
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03937780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalLiabilityAmt03937780
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt035379
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt168426
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt210442
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt33472
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt423148
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0AUTO, RV, OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1AUTO, RV, OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2AUTO, OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4AUTO, OVERDRAFT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt051796
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt197158
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt231911
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt312088
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt429225
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SARAH BRUSIK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES JACOBSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MINDY HARDISTY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3JOE KANE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4LYNN NELSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD VICE CHAIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/TotalBalanceDueAmt0140867
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE USE A PAYROLL SERVICE FOR ALL PAYROLL FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE USE A PAYROLL SERVICE FOR ALL PAYROLL FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE USE A PAYROLL SERVICE FOR ALL PAYROLL FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE HAVE 497 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DECISIONS SUCH AS A MERGER BETWEEN CREDIT UNIONS WOULD REQUIRE APPROVAL OF THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 AND ALL SCHEDULES AND RELATED FORMS ARE PRESENTED TO THE BOARD DURING A MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOARD DOES A SALARY COMPARISON AND REVIEW USING DATA FROM SOURCES SUCH AS CUNA'S SALARY SURVEY AND OTHER AVAILABLE INFORMATION FOR COMPARABLE CREDIT UNIONS. A PERFORMANCE REVIEW IS CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8APPLICABLE DOCUMENTS ARE PROVIDED TO MEMBERS WHEN REQUESTED BY A MEMBER IN WRITING OR VERBALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9WE USE A PAYROLL SERVICE FOR ALL PAYROLL FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WE USE A PAYROLL SERVICE FOR ALL PAYROLL FUNCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part V, Line 1b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 7
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04635682
IRS990/TotalAssetsEOYAmt05025226
IRS990/TotalAssetsGrp/BOYAmt04635682
IRS990/TotalAssetsGrp/EOYAmt05025226
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0321629
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03504921
IRS990/TotalLiabilitiesEOYAmt03952624
IRS990/TotalLiabilitiesGrp/BOYAmt03504921
IRS990/TotalLiabilitiesGrp/EOYAmt03952624
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01130761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01072602
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0151747
IRS990/TotalReportableCompFromOrgAmt079125
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0263470
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0263470
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04635682
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05025226

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