Civic Intelligence

Ogden Schools Credit Union DBA Education 1St Credit Union

990 • Fiscal year 2019 • EIN 87-6121774

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 23, 2020

Organization ProfileE1CU.org

View Organization Page

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

75th percentile

0.90x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

15.58x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

52nd percentile

$108,390

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2019

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

66th percentile

8.5%

Faster revenue growth than 66% of similar nonprofits.

2019 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$34,604,038

Up $351,347 (+1.0%) from 2018

Net Assets

Up

$3,619,470

Up $300,430 (+9.1%) from 2018

Liabilities

Up

$30,984,568

Up $50,917 (+0.2%) from 2018

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin63rd percentile

Revenue

Up

$1,988,875

Up $156,433 (+8.5%) from 2018

Expenses

Up

$1,688,445

Up $121,477 (+7.8%) from 2018

Net Income

Up

$300,430

Up $34,956 (+13%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

2019

Assets$34,604,038
Liabilities$30,984,568
Net Assets$3,619,470
Open 2019 Filing

Operations Trend

Revenue Growth66th percentile

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

2019

Revenue$1,988,875
Expenses$1,688,445
Net Income$300,430
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 23, 2020
Return Version
2019v5.0
Gross Receipts
$1,988,875
Mission and Program Overview

Mission

FINANCIAL SERVICES.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$27,151,855$27,974,625▲ $822,770
Rtn Earn Endowment Incm Other Fnds$3,319,040$3,619,470▲ $300,430
Cash and Non-Interest-Bearing Accounts$295,048$2,193,677▲ $1,898,629
Savings and Temporary Cash Investments$4,445,106$2,090,565▼ $2,354,541
Land, Buildings, and Equipment, Net$366,391$354,781▼ $11,610
Prepaid Expenses and Deferred Charges$120,791$93,996▼ $26,795
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$34,252,691$34,604,038▲ $351,347
Other Assets Total$1,873,500$1,896,394▲ $22,894
Liabilities
Other Liabilities$30,866,029$30,925,880▲ $59,851
Accounts Payable and Accrued Expenses$67,622$58,688▼ $8,934
Total Liabilities$30,933,651$30,984,568▲ $50,917
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,319,040$3,619,470▲ $300,430
Total Liabilities and Net Assets / Fund Balance$34,252,691$34,604,038▲ $351,347

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,148$472,536$528,684
Buildings$184,449$310,430$494,879
Other Land Buildings$27,259$293,563$320,822
Land$86,925-$86,925
Other Assets Org$1,515,574--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kent GreenfieldPresidentFT$108,390$108,390

Board Members and Trustees

NameTitle
Bruce ChristensenDirector
Darwin SmithDirector
Kristy EllisDirector
Ladd ChaseDirector
Lucille BrizzeeDirector
Matthew KiltsDirector
Reed SpencerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,905,613
Investment Income
$83,262
Other Revenue
$0
Change in Net Assets
$300,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,049,767
Salaries, Compensation, and Employee Benefits$638,678
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$530,288--$530,288
Office Expenses---$319,004
All Other Expenses$128,761--$128,761
Current Officers, Directors, Trustees, and Key Employees---$108,390
Other Expenses$61,700--$61,700
Occupancy---$49,502
Travel---$28,311
Total Functional Expenses$1,183,238$0$0$1,688,445
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$13,077,299
Share Drafts$7,502,642
Share Certificates$7,011,644
Money Market Shares$1,497,368
All Other Shares$938,325
Ira Accounts$898,602
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 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
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
2020-10-23
Discuss with paid preparer
Yes

Organization Details

Formed
1932
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
14
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 Appendix385 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/PYRevenuesLessExpensesAmt0265474
IRS990/PYSalariesCompEmpBnftPaidAmt0643499
IRS990/PYTotalExpensesAmt01566968
IRS990/PYTotalRevenueAmt01832442
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0300430
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03319040
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03619470
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04445106
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02090565
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0184449
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0310430
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0494879
IRS990ScheduleD/EquipmentGrp/BookValueAmt056148
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0472536
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0528684
IRS990ScheduleD/LandGrp/BookValueAmt086925
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt086925
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04497
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt174220
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2302103
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31515574
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST ON INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER ASSETS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0293563
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0320822
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0938325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1898602
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21497368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt313077299
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt47011644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt57502642
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
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01896394
IRS990ScheduleD/TotalLiabilityAmt030925880
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
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt034252691
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01183238
IRS990/TotalFunctionalExpensesGrp/TotalAmt01688445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030933651
IRS990/TotalLiabilitiesEOYAmt030984568
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IRS990/TotalLiabilitiesGrp/EOYAmt030984568
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03319040
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03619470
IRS990/TotalProgramServiceRevenueAmt01905613
IRS990/TotalReportableCompFromOrgAmt0108390
IRS990/TotalRevenueGrp/ExclusionAmt083262
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01905613
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01988875
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034252691
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034604038
IRS990/TravelGrp/TotalAmt028311
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 COUNTRY HILLS DRIVE
IRS990/USAddress/CityNm0OGDEN
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084403
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0E1CU.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT GREENFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-23
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/PreparerFirmEIN0260476748
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/ReturnTs02020-10-23T14:12:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,604,038
Liabilities
$30,984,568
Net assets
$3,619,470
Revenue
$1,988,875
Expenses
$1,688,445
Net income
$300,430
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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