Civic Intelligence

Credit Unions in the State of Washington

990 • Fiscal year 2017 • EIN 91-0403380

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileWWW.MYC1CU.COM

View Organization Page

PO Box 870Dupont, WA 98327

(253) 722-5212

Siviq Scores

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

Liabilities / Assets

16th percentile

0.85x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

21.25x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

3rd percentile

-10%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$327,973

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

7th percentile

-0.8%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-6.0%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$110,253,679

Down $922,139 (-0.8%) from 2016

Net Assets

Down

$16,898,930

Down $470,724 (-2.7%) from 2016

Liabilities

Down

$93,354,749

Down $451,415 (-0.5%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin3rd percentile

Revenue

Down

$4,393,751

Down $280,265 (-6.0%) from 2016

Expenses

Up

$4,847,567

Up $368,497 (+8.2%) from 2016

Net Income

Down

-$453,816

Down $648,762 (-333%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$300M$200M$100M$0Assets 2010: $121,337,036Liabilities 2010: $104,871,090Net Assets 2010: $16,465,9462010Assets 2011: $117,315,007Liabilities 2011: $100,831,369Net Assets 2011: $16,483,6382011Assets 2012: $113,629,156Liabilities 2012: $96,582,587Net Assets 2012: $17,046,5692012Assets 2013: $113,854,190Liabilities 2013: $97,600,093Net Assets 2013: $16,254,0972013Assets 2014: $114,679,891Liabilities 2014: $97,352,193Net Assets 2014: $17,327,6982014Assets 2015: $113,723,161Liabilities 2015: $96,512,203Net Assets 2015: $17,210,9582015Assets 2016: $111,175,818Liabilities 2016: $93,806,164Net Assets 2016: $17,369,6542016Assets 2017: $110,253,679Liabilities 2017: $93,354,749Net Assets 2017: $16,898,9302017Assets 2018: $144,682,634Liabilities 2018: $128,033,067Net Assets 2018: $16,649,5672018Assets 2019: $141,233,805Liabilities 2019: $122,250,976Net Assets 2019: $18,982,8292019Assets 2020: $174,649,243Liabilities 2020: $155,530,305Net Assets 2020: $19,118,9382020Assets 2021: $215,109,348Liabilities 2021: $194,930,109Net Assets 2021: $20,179,2392021Assets 2022: $223,097,117Liabilities 2022: $202,129,920Net Assets 2022: $20,967,1972022Assets 2023: $205,367,768Liabilities 2023: $184,315,242Net Assets 2023: $21,052,5262023Assets 2024: $186,974,161Liabilities 2024: $165,273,927Net Assets 2024: $21,700,2342024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2017

Assets$110,253,679
Liabilities$93,354,749
Net Assets$16,898,930
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,770,6992010Expenses 2011: $4,973,0042011Expenses 2012: $5,063,6522012Revenue 2013: $4,842,082Expenses 2013: $4,636,032Net Income 2013: $206,0502013Revenue 2014: $4,650,449Expenses 2014: $4,488,172Net Income 2014: $162,2772014Revenue 2015: $4,415,588Expenses 2015: $4,597,531Net Income 2015: -$181,9432015Revenue 2016: $4,674,016Expenses 2016: $4,479,070Net Income 2016: $194,9462016Revenue 2017: $4,393,751Expenses 2017: $4,847,567Net Income 2017: -$453,8162017Revenue 2018: $4,801,509Expenses 2018: $5,485,079Net Income 2018: -$683,5702018Revenue 2019: $7,240,922Expenses 2019: $6,213,723Net Income 2019: $1,027,1992019Revenue 2020: $7,385,227Expenses 2020: $7,249,118Net Income 2020: $136,1092020Revenue 2021: $8,977,951Expenses 2021: $7,917,650Net Income 2021: $1,060,3012021Revenue 2022: $10,270,112Expenses 2022: $9,482,154Net Income 2022: $787,9582022Revenue 2023: $11,928,214Expenses 2023: $11,003,885Net Income 2023: $924,3292023Revenue 2024: $11,373,637Expenses 2024: $10,725,929Net Income 2024: $647,7082024Revenue 2025: $7,823,096Expenses 2025: $7,822,765Net Income 2025: $3312025

Highlighted filing

2017

Revenue$4,393,751
Expenses$4,847,567
Net Income-$453,816
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$4,393,751
Mission and Program Overview

Mission

To build relationships by delivering valued banking solutions. Our goal is to be responsive to member financial needs, promote thrift, provide a full range of services, maintain financial stability, and manage growth while offering rewarding careers to our employees.

To establish and maintain the trust of our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$72,718,351$74,561,023▲ $1,842,672
Rtn Earn Endowment Incm Other Fnds$17,369,654$16,898,930▼ $470,724
Savings and Temporary Cash Investments$8,980,000$9,440,000▲ $460,000
Investments in Publicly Traded Securities$13,343,539$9,098,307▼ $4,245,232
Land, Buildings, and Equipment, Net$7,218,637$6,973,592▼ $245,045
Cash and Non-Interest-Bearing Accounts$1,324,945$2,986,600▲ $1,661,655
Prepaid Expenses and Deferred Charges$863,458$225,305▼ $638,153
Investments Program Related$2,000$2,000→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$111,175,818$110,253,679▼ $922,139
Other Assets Total$6,724,888$6,966,852▲ $241,964
Liabilities
Other Liabilities$91,092,174$87,536,225▼ $3,555,949
Accounts Payable and Accrued Expenses$2,713,990$5,818,524▲ $3,104,534
Total Liabilities$93,806,164$93,354,749▼ $451,415
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,369,654$16,898,930▼ $470,724
Total Liabilities and Net Assets / Fund Balance$111,175,818$110,253,679▼ $922,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,413,967$1,159,664$5,573,631
Equipment$378,395$1,780,991$2,159,386
Land$1,977,653-$1,977,653
Leasehold Improvements$203,577$217,603$421,180
Other Assets Org$87,010--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roger GiesekePres/CEOFT$225,291$102,682$327,973
Daniel EdgertonVP of LendingFT$70,246$14,449$84,695
Darcy Vander VoetVP of OperationsFT$69,536$14,443$83,979
William W PaulenPresident/CEOFT$66,143$7,426$73,569
Lisa ZvirzdysVP Sales/marketingFT$11,342$4,587$15,929

Board Members and Trustees

NameTitle
Frank WordenBoard Chair
Steve BatesVice Chair
Larry WilliamsBoard Secretary
Elaine TierneyDirector
Jan ParentDirector
Ken TitusDirector
Teresa WilliamsDirector
Anne KushSupervisor Committee
James ReidSupervisor Committee/direc

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv INCDatasafe Account ProcessingPO BOX 99924, Grapevine, TX 76099-9724$213,375
Fiserv INCAch - PaymentsPO BOX 99924, Grapevine, TX 76099-9724$209,929
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,049,525
Investment Income
$270,639
Other Revenue
$73,587
Change in Net Assets
$-453,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,540,853
Salaries, Compensation, and Employee Benefits$2,306,714
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,179,988
Office Expenses---$449,192
Current Officers, Directors, Trustees, and Key Employees---$442,558
Other Employee Benefits---$405,099
Information Technology---$317,504
Depreciation Depletion---$280,439
Occupancy---$206,330
Payroll Taxes---$163,777
Pension Plan Contributions---$115,292
Other Expenses---$62,448
All Other Expenses---$55,965
Insurance---$51,879
Fees for Services Accounting---$48,150
Travel---$29,736
Advertising---$22,514
Fees for Services Other---$16,795
Conferences and Meetings---$9,056
Fees for Services Legal---$2,257
Total Functional Expenses$0$0$0$4,847,567
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$87,536,225
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Section A, Line 6

“The credit union has 8,545 members.”

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

“The credit union members elect all members of the board of directors.”

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

“Form 990 is reviewed by the ceo, director of finance and the board of directors. The form is approved by the ceo.”

Form 990, Part VI, Section B, Line 12C

“Directors, officers and committee members are required to sign an oath of office annually which incorporates a conflict of interest statement.”

Form 990, Part VI, Section B, Line 15

“Compensation committee of the board reviews and approves the ceo's compensation. Ceo sets officer salaries based on industry survey and peer comparison; board of directors approves ranges.”

Form 990, Part VI, Section C, Line 19

“The credit union makes its governing documents, conflict of interest policy and financial statements available to the public at their annual meeting.”

Filing and Contact Details

Filer

Filer Name
Community 1st Credit Union
EIN
91-0403380
Phone
2537225212
Address
PO BOX 870, DUPONT, WA 98327

Signing Officer

Name
Dan Lefree
Title
Evp/CFO
Phone
2537225212
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Lefree
Formed
1934
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
9
Employees
48
Volunteers
8

Preparer

Firm
Hauser Jones & Sas Pllc
Address
10940 NE 33RD PLACE SUITE 100, BELLEVUE, WA 98004
Preparer
Roger a Jones CPA
Phone
4258891778
Raw XML AppendixShowing 400 of 485 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/InvestmentIncomeGrp/TotalRevenueColumnAmt0245743
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt013343539
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09098307
IRS990/IRPDocumentCnt01676
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03158258
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07218637
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06973592
IRS990/LandBldgEquipCostOrOtherBssAmt010131850
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt010038
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt010038
IRS990/MissionDesc0TO ESTABLISH AND MAINTAIN THE TRUST OF OUR MEMBERS, WHILE CONTINUALLY EARNING OUR PLACE AS THEIR PREFERRED FINANCIAL INSTITUTION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt017369654
IRS990/NetAssetsOrFundBalancesEOYAmt016898930
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt024896
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt024896
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt041103
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt041103
IRS990/NetUnrelatedBusTxblIncmAmt0-20844
IRS990/NetUnrlzdGainsLossesInvstAmt0-16908
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0206330
IRS990/OfficeExpensesGrp/TotalAmt0449192
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06724888
IRS990/OtherAssetsTotalGrp/EOYAmt06966852
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0405099
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING FEE
IRS990/OtherExpensesGrp/Desc2DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/TotalAmt0514952
IRS990/OtherExpensesGrp/TotalAmt1266338
IRS990/OtherExpensesGrp/TotalAmt2207298
IRS990/OtherExpensesGrp/TotalAmt362448
IRS990/OtherLiabilitiesGrp/BOYAmt091092174
IRS990/OtherLiabilitiesGrp/EOYAmt087536225
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0DEBT PROTECTION INCOME
IRS990/OtherRevenueMiscGrp/Desc1SAFE DEPOSIT BOX
IRS990/OtherRevenueMiscGrp/Desc2MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06287
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15843
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010316
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16287
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25843
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt010316
IRS990/OtherRevenueTotalAmt032484
IRS990/OtherSalariesAndWagesGrp/TotalAmt01179988
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt072718351
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt074561023
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0163777
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0115292
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0863458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0225305
IRS990/PrincipalOfficerNm0DAN LEFREE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522210
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2INTERCHANGE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4NON-MEMBER ATM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02782990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1800225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2369625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02782990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1800225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2369625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt432520
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt033551
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt132520
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0351772
IRS990/PYOtherExpensesAmt02553769
IRS990/PYOtherRevenueAmt086014
IRS990/PYProgramServiceRevenueAmt04236230
IRS990/PYRevenuesLessExpensesAmt0194946
IRS990/PYSalariesCompEmpBnftPaidAmt01925301
IRS990/PYTotalExpensesAmt04479070
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04674016
IRS990/ReconcilationRevenueExpnssAmt0-453816
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt041103
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt017369654
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016898930
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08980000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09440000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04413967
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01159664
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05573631
IRS990ScheduleD/EquipmentGrp/BookValueAmt0378395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01780991
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02159386
IRS990ScheduleD/LandGrp/BookValueAmt01977653
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01977653
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0203577
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0217603
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0421180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05524360
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2895401
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3167309
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt483488
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5205000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt687010
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ANNUITIES & LIFE INSURANCE CONTRACT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NCUSIF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4MORTGAGE SERVICING ASSET RIGHTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6COLLATERAL IN PROCESS OF LIQUIDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt087536225
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06973592
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06966852
IRS990ScheduleD/TotalLiabilityAmt087536225
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0225291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt086383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016299
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROGER GIESEKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRES/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0327973
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0OFFICERS PARTICIPATE IN 457(B) AND 457(F) PLANS BUT DID NOT RECEIVE PAYMENTS DURING 2017.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HAS 8,545 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION MEMBERS ELECT ALL MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE CEO, DIRECTOR OF FINANCE AND THE BOARD OF DIRECTORS. THE FORM IS APPROVED BY THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTORS, OFFICERS AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN AN OATH OF OFFICE ANNUALLY WHICH INCORPORATES A CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. CEO SETS OFFICER SALARIES BASED ON INDUSTRY SURVEY AND PEER COMPARISON; BOARD OF DIRECTORS APPROVES RANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$110,253,679
Liabilities
$93,354,749
Net assets
$16,898,930
Revenue
$4,393,751
Expenses
$4,847,567
Net income
-$453,816
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$7.82$7.82$0.00
2024Detailed filing. Detailed filing data is available for this year.$187$165$21.7$11.4$10.7$0.65
2023Detailed filing. Detailed filing data is available for this year.$205$184$21.1$11.9$11.0$0.92
2022Detailed filing. Detailed filing data is available for this year.$223$202$21.0$10.3$9.48$0.79
2021Detailed filing. Detailed filing data is available for this year.$215$195$20.2$8.98$7.92$1.06
2020Detailed filing. Detailed filing data is available for this year.$175$156$19.1$7.39$7.25$0.14
2019Detailed filing. Detailed filing data is available for this year.$141$122$19.0$7.24$6.21$1.03
2018Detailed filing. Detailed filing data is available for this year.$145$128$16.6$4.80$5.49$0.68
2017Detailed filing. Detailed filing data is available for this year.$110$93.4$16.9$4.39$4.85$0.45
2016Detailed filing. Detailed filing data is available for this year.$111$93.8$17.4$4.67$4.48$0.19
2015Detailed filing. Detailed filing data is available for this year.$114$96.5$17.2$4.42$4.60$0.18
2014Detailed filing. Detailed filing data is available for this year.$115$97.4$17.3$4.65$4.49$0.16
2013Detailed filing. Detailed filing data is available for this year.$114$97.6$16.3$4.84$4.64$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$96.6$17.0$5.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$117$101$16.5$4.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$105$16.5$5.77