Civic Intelligence

Weststar Credit Union

990 • Fiscal year 2012 • EIN 88-0132649

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 07, 2013

PO Box 9413889193-4138
Siviq Scores

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

Liabilities / Assets

32nd percentile

0.88x

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

2012 filings • 501(c)14 • $100M-$250M 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

6th percentile

-2.6%

Faster asset growth than 6% of similar nonprofits.

2012 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$130,246,072

Down $3,461,214 (-2.6%) from 2011

Net Assets

Up

$15,775,058

Up $1,154,221 (+7.9%) from 2011

Liabilities

Down

$114,471,014

Down $4,615,435 (-3.9%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$8,260,335

Down $142,465 (-1.7%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $135,666,237Liabilities 2010: $122,380,869Net Assets 2010: $13,285,3682010Assets 2011: $133,707,286Liabilities 2011: $119,086,449Net Assets 2011: $14,620,8372011Assets 2012: $130,246,072Liabilities 2012: $114,471,014Net Assets 2012: $15,775,0582012Assets 2013: $131,381,256Liabilities 2013: $115,114,709Net Assets 2013: $16,266,5472013Assets 2014: $139,062,657Liabilities 2014: $121,457,655Net Assets 2014: $17,605,0022014Assets 2015: $147,907,647Liabilities 2015: $129,200,380Net Assets 2015: $18,707,2672015Assets 2016: $157,657,139Liabilities 2016: $138,060,318Net Assets 2016: $19,596,8212016Assets 2017: $166,569,836Liabilities 2017: $146,178,254Net Assets 2017: $20,391,5822017Assets 2018: $174,814,197Liabilities 2018: $152,866,647Net Assets 2018: $21,947,5502018Assets 2019: $184,032,254Liabilities 2019: $160,754,393Net Assets 2019: $23,277,8612019Assets 2020: $231,442,426Liabilities 2020: $207,784,887Net Assets 2020: $23,657,5392020Assets 2021: $257,379,875Liabilities 2021: $234,506,956Net Assets 2021: $22,872,9192021Assets 2022: $255,839,937Liabilities 2022: $242,522,071Net Assets 2022: $13,317,8662022Assets 2023: $248,487,847Liabilities 2023: $231,518,654Net Assets 2023: $16,969,1932023Assets 2024: $257,730,670Liabilities 2024: $239,453,492Net Assets 2024: $18,277,1782024

Highlighted filing

2012

Assets$130,246,072
Liabilities$114,471,014
Net Assets$15,775,058

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $12,809,1042010Expenses 2011: $8,402,8002011Expenses 2012: $8,260,3352012Revenue 2013: $9,590,390Expenses 2013: $8,820,090Net Income 2013: $770,3002013Revenue 2014: $9,710,754Expenses 2014: $8,414,624Net Income 2014: $1,296,1302014Revenue 2015: $9,413,627Expenses 2015: $8,262,854Net Income 2015: $1,150,7732015Revenue 2016: $9,934,394Expenses 2016: $8,805,947Net Income 2016: $1,128,4472016Revenue 2017: $10,191,534Expenses 2017: $9,367,971Net Income 2017: $823,5632017Revenue 2018: $10,996,676Expenses 2018: $9,417,645Net Income 2018: $1,579,0312018Revenue 2019: $11,855,227Expenses 2019: $10,783,123Net Income 2019: $1,072,1042019Revenue 2020: $10,444,088Expenses 2020: $10,524,555Net Income 2020: -$80,4672020Revenue 2021: $10,374,892Expenses 2021: $9,342,855Net Income 2021: $1,032,0372021Revenue 2022: $10,923,066Expenses 2022: $10,031,902Net Income 2022: $891,1642022Revenue 2023: $13,305,618Expenses 2023: $11,652,539Net Income 2023: $1,653,0792023Revenue 2024: $14,865,915Expenses 2024: $13,897,890Net Income 2024: $968,0252024

Highlighted filing

2012

Revenue-
Expenses$8,260,335
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 7, 2013
Return Version
2012v2.1
Gross Receipts
$10,142,109
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, weststar 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
Weststar credit union provides a variety of checking and savings accounts to meet its members' needs.
Activity 3
Weststar credit union provides members free access to their account information via the internet and mobile devices. The credit union also provides an extensive atm network with over 28,000 surcharge free atms via a co-op network.
Filing and Contact Details

Filer

EIN
88-0132649
Raw XML AppendixShowing 400 of 421 raw XML fields

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IRS990/Activity3/Description0WESTSTAR CREDIT UNION PROVIDES MEMBERS FREE ACCESS TO THEIR ACCOUNT INFORMATION VIA THE INTERNET AND MOBILE DEVICES. THE CREDIT UNION ALSO PROVIDES AN EXTENSIVE ATM NETWORK WITH OVER 28,000 SURCHARGE FREE ATMS VIA A CO-OP NETWORK.
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IRS990ScheduleO/GeneralExplanation/Explanation0WESTSTAR 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. WESTSTAR CREDIT UNION DOES NOT HAVE STOCKHOLDERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE GOVERNING BOARD OF WESTSTAR 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/Explanation2AT 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/Explanation3DATA SUBMITTED TO ACCOUNTING FIRM FOR TAX RETURN PREPARATION; FORM 990 REVIEWED BY MANAGEMENT AND THE BOARD
IRS990ScheduleO/GeneralExplanation/Explanation4ALL POLICIES ARE REVIEWED BY MANAGEMENT AND APPROVED BY THE BOARD ANNUALLY AND DISTRIBUTED TO ALL EMPLOYEES ELECTRONICALLY WITH REQUEST FOR READ RECEIPT. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK ALL CONFLICTS OF INTEREST SITUATIONS MUST BE DISCLOSED
IRS990ScheduleO/GeneralExplanation/Explanation5IN NORMAL CIRCUMSTANCES, COMPENSATION FOR ALL EMPLOYEES (INCLUDING THE CEO UNDER CONTRACT) IS REVIEWED ANNAULLY BY THE BOARD OF DIRECTORS AND COMPARED WITH INDEPENDENT, THIRD-PARTY DATA RELATED TO INDUSTRY AND REGIONAL COMPENSATION.
IRS990ScheduleO/GeneralExplanation/Explanation6AVAILABLE UPON REQUEST
IRS990ScheduleO/GeneralExplanation/Explanation7THE AUDIT COMMITTEE OVERSEES THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XII, LINE 2C:
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IRS990/TotalNbrVolunteers08
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IRS990/TotalRevenue/RelatedOrExemptFunctionIncome09214965
IRS990/TotalRevenue/TotalRevenueColumn09300870
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IRS990/TypeOfOrgOtherDescription0CREDIT UNION
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0WWWW.WESTSTAR.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01975
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0880132649
ReturnHeader/Filer/Name/BusinessNameLine10WESTSTAR CREDIT UNION
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ReturnHeader/Filer/Phone07027914777
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$258$239$18.3$14.9$13.9$0.97
2023Detailed filing. Detailed filing data is available for this year.$248$232$17.0$13.3$11.7$1.65
2022Detailed filing. Detailed filing data is available for this year.$256$243$13.3$10.9$10.0$0.89
2021Detailed filing. Detailed filing data is available for this year.$257$235$22.9$10.4$9.34$1.03
2020Detailed filing. Detailed filing data is available for this year.$231$208$23.7$10.4$10.5$0.08
2019Detailed filing. Detailed filing data is available for this year.$184$161$23.3$11.9$10.8$1.07
2018Detailed filing. Detailed filing data is available for this year.$175$153$21.9$11.0$9.42$1.58
2017Detailed filing. Detailed filing data is available for this year.$167$146$20.4$10.2$9.37$0.82
2016Detailed filing. Detailed filing data is available for this year.$158$138$19.6$9.93$8.81$1.13
2015Detailed filing. Detailed filing data is available for this year.$148$129$18.7$9.41$8.26$1.15
2014Detailed filing. Detailed filing data is available for this year.$139$121$17.6$9.71$8.41$1.30
2013Detailed filing. Detailed filing data is available for this year.$131$115$16.3$9.59$8.82$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$130$114$15.8$8.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$134$119$14.6$8.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$122$13.3$12.8