Civic Intelligence

Ogden Schools Credit Union DBA Education 1St Credit Union

990 • Fiscal year 2016 • EIN 87-6121774

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 14, 2017

1250 Country Hills DriveOgden, UT 84403

(801) 392-4877

Siviq Scores

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

Liabilities / Assets

77th percentile

0.91x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

31st percentile

17.94x

Higher debt load relative to revenue than 31% of similar nonprofits.

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

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

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

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

89th percentile

8.3%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

64th percentile

4.9%

Faster revenue growth than 64% of similar nonprofits.

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

Assets

Up

$29,891,989

Up $2,290,297 (+8.3%) from 2015

Net Assets

Up

$2,820,163

Up $166,471 (+6.3%) from 2015

Liabilities

Up

$27,071,826

Up $2,123,826 (+8.5%) from 2015

Revenue

Up

$1,508,717

Up $70,876 (+4.9%) from 2015

Expenses

Up

$1,342,246

Up $74,436 (+5.9%) from 2015

Net Income

Down

$166,471

Down $3,560 (-2.1%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $21,125,578Liabilities 2010: $19,234,897Net Assets 2010: $1,890,6812010Assets 2011: $22,325,197Liabilities 2011: $20,331,850Net Assets 2011: $1,993,3472011Assets 2012: $24,181,827Liabilities 2012: $22,010,412Net Assets 2012: $2,171,4152012Assets 2013: $26,306,151Liabilities 2013: $23,989,779Net Assets 2013: $2,316,3722013Assets 2014: $27,633,109Liabilities 2014: $25,149,448Net Assets 2014: $2,483,6612014Assets 2015: $27,601,692Liabilities 2015: $24,948,000Net Assets 2015: $2,653,6922015Assets 2016: $29,891,989Liabilities 2016: $27,071,826Net Assets 2016: $2,820,1632016Assets 2017: $32,431,760Liabilities 2017: $29,378,194Net Assets 2017: $3,053,5662017Assets 2018: $34,252,691Liabilities 2018: $30,933,651Net Assets 2018: $3,319,0402018Assets 2019: $34,604,038Liabilities 2019: $30,984,568Net Assets 2019: $3,619,4702019Assets 2020: $38,466,803Liabilities 2020: $34,581,797Net Assets 2020: $3,885,0062020Assets 2021: $43,083,007Liabilities 2021: $38,830,728Net Assets 2021: $4,252,2792021Assets 2022: $41,251,510Liabilities 2022: $36,680,846Net Assets 2022: $4,570,6642022Assets 2023: $47,532,213Liabilities 2023: $42,642,583Net Assets 2023: $4,889,6302023Assets 2024: $53,497,990Liabilities 2024: $48,168,587Net Assets 2024: $5,329,4032024

Highlighted filing

2016

Assets$29,891,989
Liabilities$27,071,826
Net Assets$2,820,163

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,559,8092010Expenses 2011: $1,304,8562011Expenses 2012: $1,250,7302012Revenue 2013: $1,444,685Expenses 2013: $1,299,728Net Income 2013: $144,9572013Revenue 2014: $1,454,345Expenses 2014: $1,287,056Net Income 2014: $167,2892014Revenue 2015: $1,437,841Expenses 2015: $1,267,810Net Income 2015: $170,0312015Revenue 2016: $1,508,717Expenses 2016: $1,342,246Net Income 2016: $166,4712016Revenue 2017: $1,626,700Expenses 2017: $1,393,297Net Income 2017: $233,4032017Revenue 2018: $1,832,442Expenses 2018: $1,566,968Net Income 2018: $265,4742018Revenue 2019: $1,988,875Expenses 2019: $1,688,445Net Income 2019: $300,4302019Revenue 2020: $1,964,643Expenses 2020: $1,699,107Net Income 2020: $265,5362020Revenue 2021: $1,880,285Expenses 2021: $1,513,012Net Income 2021: $367,2732021Revenue 2022: $1,770,401Expenses 2022: $1,452,016Net Income 2022: $318,3852022Revenue 2023: $2,441,306Expenses 2023: $2,094,001Net Income 2023: $347,3052023Revenue 2024: $3,306,447Expenses 2024: $2,866,674Net Income 2024: $439,7732024

Highlighted filing

2016

Revenue$1,508,717
Expenses$1,342,246
Net Income$166,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,508,717
Mission and Program Overview

Mission

FINANCIAL SERVICES.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,665,578$22,047,786▲ $1,382,208
Savings and Temporary Cash Investments$4,532,290$5,389,520▲ $857,230
Rtn Earn Endowment Incm Other Fnds$2,653,692$2,820,163▲ $166,471
Land, Buildings, and Equipment, Net$366,258$333,070▼ $33,188
Cash and Non-Interest-Bearing Accounts$151,632$218,120▲ $66,488
Prepaid Expenses and Deferred Charges$63,114$63,511▲ $397
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$27,601,692$29,891,989▲ $2,290,297
Other Assets Total$1,822,820$1,839,982▲ $17,162
Liabilities
Other Liabilities$24,894,644$27,018,858▲ $2,124,214
Accounts Payable and Accrued Expenses$53,356$52,968▼ $388
Total Liabilities$24,948,000$27,071,826▲ $2,123,826
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,653,692$2,820,163▲ $166,471
Total Liabilities and Net Assets / Fund Balance$27,601,692$29,891,989▲ $2,290,297

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$191,708$259,680$451,388
Equipment$8,672$436,219$444,891
Other Land Buildings$45,765$274,998$320,763
Land$86,925-$86,925
Other Assets Org$1,533,646--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve ReevesChairman
Kent GreenfieldPresident
Darwin SmithDirector
Ladd ChaseDirector
Lucille BrizzeeDirector
Matthew KiltsDirector
Roger CragunDirector
Theresa MartinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$416,577
Investment Income
$1,092,140
Other Revenue
$0
Change in Net Assets
$166,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$726,221
Salaries, Compensation, and Employee Benefits$616,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$616,025--$616,025
Office Expenses$300,832--$300,832
All Other Expenses$91,678--$91,678
Occupancy$54,201--$54,201
Other Expenses$37,290--$37,290
Travel$6,750--$6,750
Total Functional Expenses$1,342,246$0$0$1,342,246
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$10,244,449
Share Certificates$7,908,802
Share Drafts$6,315,413
Money Market Shares$918,502
Ira Accounts$891,045
All Other Shares$740,647
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Line 6: Explanation of Classes of Members or Shareholder

Members of the credit union are required to maintain $25 in a share account at all times to qualify for membership.

Form 990, Part VI, Line 11B: Form 990 Review Process

The president of the credit union, kent greenfield, performed a review of the form 990 before it was filed with the internal revenue service.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board of directors reviews a report that details statistics of compensation for similar sized credit unions and considers other factors in determining compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization posts financial information in its office and on ncua.gov.

Filing and Contact Details

Filer

Filer Name
Education 1st Credit Union
EIN
87-6121774
Phone
8013924877
Address
1250 COUNTRY HILLS DRIVE, OGDEN, UT 84403

Signing Officer

Name
Kent Greenfield
Title
President
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1932
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
11
Volunteers
11

Preparer

Firm
Dickson and Company Inc
Address
455 East 500 South Suite 400, Salt Lake City, UT 84106
Preparer
Russell Dickson
Phone
8018596545
Raw XML Appendix396 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/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0693494
IRS990/PYProgramServiceRevenueAmt01425677
IRS990/PYRevenuesLessExpensesAmt0170031
IRS990/PYSalariesCompEmpBnftPaidAmt0574316
IRS990/PYTotalExpensesAmt01267810
IRS990/PYTotalRevenueAmt01437841
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0166471
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02653692
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02820163
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04532290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05389520
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0191708
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0259680
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0451388
IRS990ScheduleD/EquipmentGrp/BookValueAmt08672
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0436219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0444891
IRS990ScheduleD/LandGrp/BookValueAmt086925
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt086925
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01899
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt160120
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2244317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31533646
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST ON INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045765
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0274998
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0320763
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0740647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1891045
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2918502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt310244449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt47908802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt56315413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1IRA ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SHARE DRAFTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0333070
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01839982
IRS990ScheduleD/TotalLiabilityAmt027018858
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE CREDIT UNION ARE REQUIRED TO MAINTAIN $25 IN A SHARE ACCOUNT AT ALL TIMES TO QUALIFY FOR MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF THE CREDIT UNION, KENT GREENFIELD, PERFORMED A REVIEW OF THE FORM 990 BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS A REPORT THAT DETAILS STATISTICS OF COMPENSATION FOR SIMILAR SIZED CREDIT UNIONS AND CONSIDERS OTHER FACTORS IN DETERMINING COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION POSTS FINANCIAL INFORMATION IN ITS OFFICE AND ON NCUA.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt027601692
IRS990/TotalAssetsEOYAmt029891989
IRS990/TotalAssetsGrp/BOYAmt027601692
IRS990/TotalAssetsGrp/EOYAmt029891989
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01342246
IRS990/TotalFunctionalExpensesGrp/TotalAmt01342246
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024948000
IRS990/TotalLiabilitiesEOYAmt027071826
IRS990/TotalLiabilitiesGrp/BOYAmt024948000
IRS990/TotalLiabilitiesGrp/EOYAmt027071826
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02653692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02820163
IRS990/TotalProgramServiceRevenueAmt0416577
IRS990/TotalRevenueGrp/ExclusionAmt0416577
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01092140
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01508717
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt027601692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029891989
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt06750
IRS990/TravelGrp/TotalAmt06750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0E1CU.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT GREENFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATION 1ST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0876121774
ReturnHeader/Filer/PhoneNum08013924877
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 COUNTRY HILLS DRIVE
ReturnHeader/Filer/USAddress/CityNm0OGDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084403
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DICKSON AND COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0455 East 500 South Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salt Lake City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084106
ReturnHeader/PreparerPersonGrp/PhoneNum08018596545
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Russell Dickson
ReturnHeader/ReturnTs02017-08-14T12:49:15-07:00
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.$53.5$48.2$5.33$3.31$2.87$0.44
2023Detailed filing. Detailed filing data is available for this year.$47.5$42.6$4.89$2.44$2.09$0.35
2022Detailed filing. Detailed filing data is available for this year.$41.3$36.7$4.57$1.77$1.45$0.32
2021Detailed filing. Detailed filing data is available for this year.$43.1$38.8$4.25$1.88$1.51$0.37
2020Detailed filing. Detailed filing data is available for this year.$38.5$34.6$3.89$1.96$1.70$0.27
2019Detailed filing. Detailed filing data is available for this year.$34.6$31.0$3.62$1.99$1.69$0.30
2018Detailed filing. Detailed filing data is available for this year.$34.3$30.9$3.32$1.83$1.57$0.27
2017Detailed filing. Detailed filing data is available for this year.$32.4$29.4$3.05$1.63$1.39$0.23
2016Detailed filing. Detailed filing data is available for this year.$29.9$27.1$2.82$1.51$1.34$0.17
2015Detailed filing. Detailed filing data is available for this year.$27.6$24.9$2.65$1.44$1.27$0.17
2014Detailed filing. Detailed filing data is available for this year.$27.6$25.1$2.48$1.45$1.29$0.17
2013Detailed filing. Detailed filing data is available for this year.$26.3$24.0$2.32$1.44$1.30$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$22.0$2.17$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$20.3$1.99$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$19.2$1.89$1.56
Peer Organizations

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