Civic Intelligence

Ibew Plus Credit Union

990 • Fiscal year 2012 • EIN 88-0067875

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 18, 2013

Organization ProfileWWW.PLUSCU.ORG

View Organization Page

1900 South Jones Blvd89146
Siviq Scores

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

Liabilities / Assets

59th percentile

0.90x

Higher debt load relative to assets than 59% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

2nd percentile

-4.8%

Faster asset growth than 2% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$81,906,914

Down $4,153,946 (-4.8%) from 2011

Net Assets

Up

$8,106,181

Up $864,467 (+12%) from 2011

Liabilities

Down

$73,800,733

Down $5,018,413 (-6.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,734,995

Down $2,696,316 (-42%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$150M$100M$50M$0Assets 2010: $95,335,331Liabilities 2010: $87,167,062Net Assets 2010: $8,168,2692010Assets 2011: $86,060,860Liabilities 2011: $78,819,146Net Assets 2011: $7,241,7142011Assets 2012: $81,906,914Liabilities 2012: $73,800,733Net Assets 2012: $8,106,1812012Assets 2013: $78,743,769Liabilities 2013: $69,230,571Net Assets 2013: $9,513,1982013Assets 2014: $79,837,242Liabilities 2014: $69,545,053Net Assets 2014: $10,292,1892014Assets 2015: $79,979,266Liabilities 2015: $69,342,356Net Assets 2015: $10,636,9102015Assets 2016: $82,459,732Liabilities 2016: $71,335,330Net Assets 2016: $11,124,4022016Assets 2017: $87,970,010Liabilities 2017: $76,379,159Net Assets 2017: $11,590,8512017Assets 2018: $89,614,863Liabilities 2018: $77,541,484Net Assets 2018: $12,073,3792018Assets 2019: $92,490,756Liabilities 2019: $79,929,171Net Assets 2019: $12,561,5852019Assets 2020: $107,836,262Liabilities 2020: $94,690,149Net Assets 2020: $13,146,1132020Assets 2021: $115,817,912Liabilities 2021: $103,295,576Net Assets 2021: $12,522,3362021Assets 2022: $114,417,679Liabilities 2022: $103,516,912Net Assets 2022: $10,900,7672022Assets 2023: $119,100,579Liabilities 2023: $106,652,995Net Assets 2023: $12,447,5842023Assets 2024: $123,763,069Liabilities 2024: $110,441,425Net Assets 2024: $13,321,6442024

Highlighted filing

2012

Assets$81,906,914
Liabilities$73,800,733
Net Assets$8,106,181
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Expenses 2010: $9,892,9362010Expenses 2011: $6,431,3112011Expenses 2012: $3,734,9952012Revenue 2013: $5,035,315Expenses 2013: $3,405,753Net Income 2013: $1,629,5622013Revenue 2014: $4,340,343Expenses 2014: $3,561,352Net Income 2014: $778,9912014Revenue 2015: $3,975,802Expenses 2015: $3,625,751Net Income 2015: $350,0512015Revenue 2016: $4,083,308Expenses 2016: $3,601,146Net Income 2016: $482,1622016Revenue 2017: $3,963,216Expenses 2017: $3,485,757Net Income 2017: $477,4592017Revenue 2018: $4,033,539Expenses 2018: $3,542,569Net Income 2018: $490,9702018Revenue 2019: $4,101,011Expenses 2019: $3,739,126Net Income 2019: $361,8852019Revenue 2020: $3,420,151Expenses 2020: $3,300,591Net Income 2020: $119,5602020Revenue 2021: $3,377,704Expenses 2021: $3,372,710Net Income 2021: $4,9942021Revenue 2022: $3,766,214Expenses 2022: $3,355,561Net Income 2022: $410,6532022Revenue 2023: $5,510,028Expenses 2023: $4,349,848Net Income 2023: $1,160,1802023Revenue 2024: $5,953,910Expenses 2024: $5,039,380Net Income 2024: $914,5302024

Highlighted filing

2012

Revenue-
Expenses$3,734,995
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 18, 2013
Return Version
2012v2.1
Gross Receipts
$4,613,189
Mission and Program Overview

Mission

A cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at rates of interest set by the board of directors and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, plus credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefits, or services of the credit union being distributed to its members as patrons.

Major Activities

Activity 2
Accessibility to their funds is high on our members' wish list. With our services, they can access their funds through the automated clearing house, by check, by atm/debit cards, phone, home banking, mobile access, etc.
Activity 3
The credit union strives to keep its dividend rates within the higher end of the market to help members improve their wealth. Different savings products are available for different levels of savings.
Filing and Contact Details

Filer

EIN
88-0067875
Raw XML AppendixShowing 400 of 476 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
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY01184364
IRS990/AccountsPayableAccruedExpenses/EOY0969850
IRS990/ActivitiesConductedPartnership00
IRS990/Activity2/Description0ACCESSIBILITY TO THEIR FUNDS IS HIGH ON OUR MEMBERS' WISH LIST. WITH OUR SERVICES, THEY CAN ACCESS THEIR FUNDS THROUGH THE AUTOMATED CLEARING HOUSE, BY CHECK, BY ATM/DEBIT CARDS, PHONE, HOME BANKING, MOBILE ACCESS, ETC.
IRS990/Activity3/Description0THE CREDIT UNION STRIVES TO KEEP ITS DIVIDEND RATES WITHIN THE HIGHER END OF THE MARKET TO HELP MEMBERS IMPROVE THEIR WEALTH. DIFFERENT SAVINGS PRODUCTS ARE AVAILABLE FOR DIFFERENT LEVELS OF SAVINGS.
IRS990/ActivityOrMissionDescription0A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
IRS990/AddressPrincipalOfficerUS/AddressLine101900 SOUTH JONES BLVD
IRS990/AddressPrincipalOfficerUS/City0LAS VEGAS
IRS990/AddressPrincipalOfficerUS/State0NV
IRS990/AddressPrincipalOfficerUS/ZIPCode089146
IRS990/Advertising/Total03951
IRS990/AllOtherExpenses/Total059223
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear0327983
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY011124068
IRS990/CashNonInterestBearing/EOY0741967
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/Total0315275
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ComplianceWithBackupWitholding01
IRS990/ConflictOfInterestPolicy00
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine10PO BOX 609
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine119692 HAVEN AVE
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0MONETT
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City1RANCHO CUCAMONGA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0MO
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State1CA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode065708
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode191730
IRS990/ContractorCompensation/Compensation0148553
IRS990/ContractorCompensation/Compensation1108306
IRS990/ContractorCompensation/DescriptionOfServices0NETWORK SYSTEM & MAINTENANCE
IRS990/ContractorCompensation/DescriptionOfServices1VISA NETWORK CONNECTION
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10JACK HENRY & ASSOCIATES INC
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine11CU COOPERATIVE SYSTEMS INC
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling01
IRS990/DecisionsSubjectToApproval01
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/Total0215037
IRS990/DescribedIn501C300
IRS990/Description0THE LAS VEGAS ELECTRICAL FEDERAL CREDIT UNION WAS FORMED IN 1952, IN LAS VEGAS, NEVADA WITH 100 MEMBERS OF I.B.E.W. LOCAL #357 AS THE CHARTER MEMBERS OF THE CREDIT UNION. IBEW PLUS CREDIT UNION WAS THE FIRST UNION-REPRESENTED CREDIT UNION IN NEVADA. OVER THE YEARS, WE HAVE BECOME A FULL-SERVICE FINANCIAL INSTITUTION OFFERING OUR MEMBERS THE HIGHEST LEVEL OF SERVICE, RESPECT, AND SECURITY. OUR LENDING PROGRAM ENCOMPASSES ALL LENDING AREAS UNDER WHICH OUR MEMBERS MAY NEED CONSUMER CREDIT DURING THEIR MEMBERSHIP WITH IBEW PLUS CREDIT UNION, SUCH AS AUTO LOANS, HOME LOANS, AND HOME EQUITY LOANS. CONVERSELY, WHERE OUR MEMBERS NEED A SAVINGS VESSEL THAT GIVES THE SAFETY AND SECURITY OF BANKING DEPOSIT PRODUCTS, IBEW PLUS CREDIT UNION OFFERS A WIDE VARIETY OF INTEREST BEARING CONSUMER DEPOSIT ACCOUNTS FROM CHECKING ACCOUNTS THROUGH IRA TIME DEPOSITS AND ALL THINGS IN BETWEEN. OUR DRIVING PRINCIPLE IS TO BE AVAILABLE FOR OUR MEMBERS/OWNER'S FINANCIAL NEEDS WHILE PROVIDING AN ENVIRONMENT WHERE OUR MEMBER/OWNER'S FINANCIAL NEEDS COMPLIMENT AND ASSIST OTHER MEMBER/OWNER'S NEEDS AND REQUIREMENTS IN A PURELY COOPERATIVE ENVIRONMENT.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DoingBusinessAs/BusinessNameLine10PLUS CREDIT UNION
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers01
IRS990/EmploymentTaxReturnsFiled01
IRS990/FamilyOrBusinessRelationship01
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/Total064411
IRS990/FeesForServicesLegal/Total04062
IRS990/FeesForServicesOther/Total0124832
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek61.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek71.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek81.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek90.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek100.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek110.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek120.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1340.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1440.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1540.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector9X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector10X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector11X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector12X
IRS990/Form990PartVIISectionA/NamePerson0ROBERT CANNON
IRS990/Form990PartVIISectionA/NamePerson1SAM HORNBECK
IRS990/Form990PartVIISectionA/NamePerson2PHIL ALLEN
IRS990/Form990PartVIISectionA/NamePerson3WENDI SIEDLECKI
IRS990/Form990PartVIISectionA/NamePerson4MICHAEL FRITCHLEY
IRS990/Form990PartVIISectionA/NamePerson5RICHARD OSOSKI
IRS990/Form990PartVIISectionA/NamePerson6DONNA BRADLEY
IRS990/Form990PartVIISectionA/NamePerson7CHRISTOPHER NOLAN
IRS990/Form990PartVIISectionA/NamePerson8ROBERT DUKE CANNON
IRS990/Form990PartVIISectionA/NamePerson9MICHAEL KREIMEYER
IRS990/Form990PartVIISectionA/NamePerson10ROBERT TARBOX
IRS990/Form990PartVIISectionA/NamePerson11GARY MAUGER
IRS990/Form990PartVIISectionA/NamePerson12MICHAEL WISNER
IRS990/Form990PartVIISectionA/NamePerson13CAROL SCHUMACHER
IRS990/Form990PartVIISectionA/NamePerson14KELLY ETHIER
IRS990/Form990PartVIISectionA/NamePerson15LEROY HOLMSTROM
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/OtherCompensation0165
IRS990/Form990PartVIISectionA/OtherCompensation1165
IRS990/Form990PartVIISectionA/OtherCompensation2165
IRS990/Form990PartVIISectionA/OtherCompensation3165
IRS990/Form990PartVIISectionA/OtherCompensation4165
IRS990/Form990PartVIISectionA/OtherCompensation5165
IRS990/Form990PartVIISectionA/OtherCompensation6165
IRS990/Form990PartVIISectionA/OtherCompensation7165
IRS990/Form990PartVIISectionA/OtherCompensation8165
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation110
IRS990/Form990PartVIISectionA/OtherCompensation120
IRS990/Form990PartVIISectionA/OtherCompensation1318316
IRS990/Form990PartVIISectionA/OtherCompensation1414750
IRS990/Form990PartVIISectionA/OtherCompensation1510513
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization110
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization120
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization13116790
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization14107390
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1591095
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs120
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs130
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs140
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs150
IRS990/Form990PartVIISectionA/Title0CHAIRPERSON
IRS990/Form990PartVIISectionA/Title1VICE CHAIRPERSON
IRS990/Form990PartVIISectionA/Title2TREASURER
IRS990/Form990PartVIISectionA/Title3SECRETARY
IRS990/Form990PartVIISectionA/Title4BOARD MEMBER
IRS990/Form990PartVIISectionA/Title5BOARD MEMBER
IRS990/Form990PartVIISectionA/Title6BOARD MEMBER
IRS990/Form990PartVIISectionA/Title7BOARD MEMBER
IRS990/Form990PartVIISectionA/Title8BOARD MEMBER
IRS990/Form990PartVIISectionA/Title9SUPV CMTE CHAIRMAN
IRS990/Form990PartVIISectionA/Title10SUPV CMTE MEMBER
IRS990/Form990PartVIISectionA/Title11SUPV CMTE MEMBER
IRS990/Form990PartVIISectionA/Title12SUPV CMTE MEMBER
IRS990/Form990PartVIISectionA/Title13PRESIDENT/CEO
IRS990/Form990PartVIISectionA/Title14CLO
IRS990/Form990PartVIISectionA/Title15CFO
IRS990/Form990ProvidedToGoverningBody01
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementSeparate0X
IRS990/FundraisingActivities00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY02677
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToDomesticOrgs/Total02677
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts04613189
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/Total0325192
IRS990/Insurance/Total086757
IRS990/Interest/Total0193987
IRS990/InvestmentIncomeCurrentYear0477704
IRS990/InvestmentIncomePriorYear0866474
IRS990/InvestmentIncome/RelatedOrExemptFunctionIncome0477704
IRS990/InvestmentIncome/TotalRevenueColumn0477704
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY09201747
IRS990/InvestmentsProgramRelated/BOY048449282
IRS990/InvestmentsProgramRelated/EOY056235999
IRS990/InvestmentsPubTradedSecurities/BOY011204398
IRS990/InvestmentsPubTradedSecurities/EOY07348624
IRS990/LandBldgEquipmentAccumDeprec02831259
IRS990/LandBuildingsEquipmentBasis06503035
IRS990/LandBuildingsEquipmentBasisNet/BOY03866814
IRS990/LandBuildingsEquipmentBasisNet/EOY03671776
IRS990/LoanToOfficerOrDQP00
IRS990/LocalChapters01
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders01
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, PLUS CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0CAROL SCHUMACHER
IRS990/NbrIndependentVotingMembers09
IRS990/NbrVotingGoverningBodyMembers09
IRS990/NbrVotingMembersGoverningBody09
IRS990/NetAssetsOrFundBalancesBOY07241714
IRS990/NetAssetsOrFundBalancesEOY08106181
IRS990/NetUnrelatedBusinessTxblIncome0-8904
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109602433
IRS990/NumberIndependentVotingMembers09
IRS990/NumberIndividualsGT100K02
IRS990/NumberOfContractorsGT100K02
IRS990/NumberOfEmployees053
IRS990/NumberW2GIncluded00
IRS990/Occupancy/Total0157292
IRS990/OfficeExpenses/Total0393344
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY02056497
IRS990/OtherAssetsTotal/EOY0639983
IRS990/OtherEmployeeBenefits/Total0192617
IRS990/OtherExpensePriorYear04000109
IRS990/OtherExpensesCurrentYear01934905
IRS990/OtherExpenses/Description0LOAN LOSS PROVISION
IRS990/OtherExpenses/Description1MISC OPERATING EXPENSE
IRS990/OtherExpenses/Description2OPERATING FEES
IRS990/OtherExpenses/Description3LOAN SERVICING FEES
IRS990/OtherExpenses/Total094357
IRS990/OtherExpenses/Total184152
IRS990/OtherExpenses/Total261364
IRS990/OtherExpenses/Total360200
IRS990/OtherLiabilities/BOY077634782
IRS990/OtherLiabilities/EOY072830883
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Total01134180
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY00
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY00
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/Total0129578
IRS990/PensionPlanContributions/Total025763
IRS990/PoliciesReferenceChapters01
IRS990/PoliticalActivities00
IRS990/PrepaidExpensesDeferredCharges/BOY0158054
IRS990/PrepaidExpensesDeferredCharges/EOY0192289
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0522100
IRS990/ProgramServiceRevenue/BusinessCode1522100
IRS990/ProgramServiceRevenue/BusinessCode2522100
IRS990/ProgramServiceRevenueCY04135485
IRS990/ProgramServiceRevenue/Description0LOANS TO MEMBERS
IRS990/ProgramServiceRevenue/Description1FEE INCOME
IRS990/ProgramServiceRevenue/Description2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenuePriorYear04467568
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome02967455
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1590042
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome2566653
IRS990/ProgramServiceRevenue/TotalRevenueColumn02967455
IRS990/ProgramServiceRevenue/TotalRevenueColumn1601377
IRS990/ProgramServiceRevenue/TotalRevenueColumn2566653
IRS990/ProgramServiceRevenue/UnrelatedBusinessRevenue011335
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges0-13727
IRS990/ReconcilationRevenueExpenses0878194
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities01
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest01
IRS990/RetainedEarningsEndowmentEtc/BOY07241714
IRS990/RetainedEarningsEndowmentEtc/EOY08106181
IRS990/RevenuesLessExpensesCY0878194
IRS990/RevenuesLessExpensesPriorYear0-1097269
IRS990/SalariesEtcCurrentYear01797413
IRS990/SalariesEtcPriorYear02103219
IRS990/SavingsAndTempCashInvestments/EOY013076276
IRS990/ScheduleBRequired00
IRS990ScheduleD/AgentTrusteeEtc00
IRS990ScheduleD/Buildings/BookValue02992659
IRS990ScheduleD/Buildings/Depreciation0877482
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis03870141
IRS990ScheduleD/Equipment/BookValue0103477
IRS990ScheduleD/Equipment/Depreciation0967869
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis01071346
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt059223
IRS990ScheduleD/ExpensesSubtotal03675772
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0FASB ACCOUNTING STANDARDS CODIFICATION 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED" OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED DECEMBER 31, 2012, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION IS NOT SUBJECT TO EXAMINATION BY U.S. FEDERAL AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2006.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1MARKDOWN LOSS ON OREOS MOVED TO EXPENSE SECTION OF RETURN 59,223.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2MARKDOWN LOSS ON OREOS MOVED TO EXPENSE SECTION OF RETURN 59,223.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/IncludedOnFS00
IRS990ScheduleD/InvestmentsProgramRelated/BookValue045990871
IRS990ScheduleD/InvestmentsProgramRelated/BookValue19235876
IRS990ScheduleD/InvestmentsProgramRelated/BookValue21009252
IRS990ScheduleD/InvestmentsProgramRelated/Description0LOANS & LEASES
IRS990ScheduleD/InvestmentsProgramRelated/Description1OTHER INVESTMENTS
IRS990ScheduleD/InvestmentsProgramRelated/Description2INSURANCE DEPOSIT
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0F
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation1F
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation2F
IRS990ScheduleD/Land/BookValue0258131
IRS990ScheduleD/Land/OtherCostOrOtherBasis0258131
IRS990ScheduleD/LeaseholdImprovements/BookValue0160453
IRS990ScheduleD/LeaseholdImprovements/Depreciation0433474
IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis0593927
IRS990ScheduleD/OtherExpensesNotIncluded059223
IRS990ScheduleD/OtherLandBuildings/BookValue0157056
IRS990ScheduleD/OtherLandBuildings/Depreciation0552434
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0709490
IRS990ScheduleD/OtherLiabilities/Amount072830883
IRS990ScheduleD/OtherLiabilities/Description0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncluded059223
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt059223
IRS990ScheduleD/RevenueSubtotal04553966
IRS990ScheduleD/TotalExpensesPerForm99003734995
IRS990ScheduleD/TotalOfAmounts072830883
IRS990ScheduleD/TotalOfBookValueLandBuildings03671776
IRS990ScheduleD/TotalOfBookValueProgramRelated056235999
IRS990ScheduleD/TotalRevenuePerForm99004613189
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt03675772
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt04553966
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/CompensationSurvey0X
IRS990ScheduleJ/EquityBasedCompArrangement00
IRS990/ScheduleJRequired00
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleO/GeneralExplanation/Explanation0ROBERT CANNON AND ROBERT "DUKE" CANNON - FAMILY RELATIONSHIP
IRS990ScheduleO/GeneralExplanation/Explanation1IBEW PLUS CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. IBEW PLUS CREDIT UNION DOES NOT HAVE STOCKHOLDERS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE GOVERNING BOARD OF IBEW PLUS CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS.
IRS990ScheduleO/GeneralExplanation/Explanation3AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE OFFICERS REVIEW THE INFORMATION AND COMPARE IT TO THE INFORMATION PRESENTED, ANY NARRATIVES ARE READ FOR ACCURACY. A COPY OF THE 990 WILL ALSO BE PROVIDED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CREDIT UNION DOES NOT HAVE A FORMAL WRITTEN CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE A CONFLICT OF INTEREST WHEN IT ARISES.
IRS990ScheduleO/GeneralExplanation/Explanation6OFFICERS ARE VOLUNTEERS. KEY EMPLOYEE COMPENSATION IS BROUGHT FORWARD BY THE BOARD TREASURER AND IS SET BY THE BOARD. THEY UTILIZE TWO INDUSTRY SURVEYS AND IT IS COMPLETED DURING AN EXECUTIVE SESSION IN NOVEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation7FINANCIAL STATEMENTS ARE DISPLAYED AT EACH BRANCH.
IRS990ScheduleO/GeneralExplanation/Explanation8PRIOR PERIOD ADJUSTMENT -13,727.
IRS990ScheduleO/GeneralExplanation/Explanation9THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NV
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$81,906,914
Liabilities
$73,800,733
Net assets
$8,106,181
Revenue
-
Expenses
$3,734,995
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$124$110$13.3$5.95$5.04$0.91
2023Detailed filing. Detailed filing data is available for this year.$119$107$12.4$5.51$4.35$1.16
2022Detailed filing. Detailed filing data is available for this year.$114$104$10.9$3.77$3.36$0.41
2021Detailed filing. Detailed filing data is available for this year.$116$103$12.5$3.38$3.37$0.00
2020Detailed filing. Detailed filing data is available for this year.$108$94.7$13.1$3.42$3.30$0.12
2019Detailed filing. Detailed filing data is available for this year.$92.5$79.9$12.6$4.10$3.74$0.36
2018Detailed filing. Detailed filing data is available for this year.$89.6$77.5$12.1$4.03$3.54$0.49
2017Detailed filing. Detailed filing data is available for this year.$88.0$76.4$11.6$3.96$3.49$0.48
2016Detailed filing. Detailed filing data is available for this year.$82.5$71.3$11.1$4.08$3.60$0.48
2015Detailed filing. Detailed filing data is available for this year.$80.0$69.3$10.6$3.98$3.63$0.35
2014Detailed filing. Detailed filing data is available for this year.$79.8$69.5$10.3$4.34$3.56$0.78
2013Detailed filing. Detailed filing data is available for this year.$78.7$69.2$9.51$5.04$3.41$1.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.9$73.8$8.11$3.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.1$78.8$7.24$6.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.3$87.2$8.17$9.89