Civic Intelligence

Valley Health and Postal Employees Credit Union

990 • Fiscal year 2013 • EIN 93-6027729

Jan 01, 2013 to Dec 31, 2013 • Filed on May 08, 2014

2096 Mission Street SE97302

(503) 364-7999

Siviq Scores

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

Liabilities / Assets

58th percentile

0.90x

Higher debt load relative to assets than 58% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

32nd percentile

16.16x

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

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

81st percentile

17%

Higher net margin than 81% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

69th percentile

$150,363

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

74th percentile

4.7%

Faster asset growth than 74% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$60,856,516

Up $2,729,430 (+4.7%) from 2012

Net Assets

Up

$6,036,989

Up $583,102 (+11%) from 2012

Liabilities

Up

$54,819,527

Up $2,146,328 (+4.1%) from 2012

Revenue

$3,391,411

No earlier filing loaded for comparison.

Expenses

Down

$2,808,308

Down $109,769 (-3.8%) from 2012

Net Income

$583,103

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.

$150M$100M$50M$0Assets 2011: $58,224,479Liabilities 2011: $53,126,400Net Assets 2011: $5,098,0792011Assets 2012: $58,127,086Liabilities 2012: $52,673,199Net Assets 2012: $5,453,8872012Assets 2013: $60,856,516Liabilities 2013: $54,819,527Net Assets 2013: $6,036,9892013Assets 2014: $63,220,850Liabilities 2014: $56,664,350Net Assets 2014: $6,556,5002014Assets 2015: $67,915,411Liabilities 2015: $61,047,244Net Assets 2015: $6,868,1672015Assets 2016: $71,351,703Liabilities 2016: $63,477,406Net Assets 2016: $7,874,2972016Assets 2017: $75,157,663Liabilities 2017: $66,402,414Net Assets 2017: $8,755,2492017Assets 2018: $74,158,970Liabilities 2018: $64,475,240Net Assets 2018: $9,683,7302018Assets 2019: $76,588,714Liabilities 2019: $65,923,196Net Assets 2019: $10,665,5182019Assets 2020: $87,405,523Liabilities 2020: $75,862,080Net Assets 2020: $11,543,4432020Assets 2021: $95,936,553Liabilities 2021: $83,532,788Net Assets 2021: $12,403,7652021Assets 2022: $101,149,265Liabilities 2022: $89,415,082Net Assets 2022: $11,734,1832022Assets 2023: $109,481,799Liabilities 2023: $96,778,291Net Assets 2023: $12,703,5082023Assets 2024: $116,196,216Liabilities 2024: $103,128,798Net Assets 2024: $13,067,4182024

Highlighted filing

2013

Assets$60,856,516
Liabilities$54,819,527
Net Assets$6,036,989

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $3,168,7652011Expenses 2012: $2,918,0772012Revenue 2013: $3,391,411Expenses 2013: $2,808,308Net Income 2013: $583,1032013Revenue 2014: $3,283,470Expenses 2014: $2,763,959Net Income 2014: $519,5112014Revenue 2015: $3,296,064Expenses 2015: $2,984,397Net Income 2015: $311,6672015Revenue 2016: $3,262,160Expenses 2016: $2,256,030Net Income 2016: $1,006,1302016Revenue 2017: $3,369,737Expenses 2017: $2,488,785Net Income 2017: $880,9522017Revenue 2018: $3,935,710Expenses 2018: $3,007,230Net Income 2018: $928,4802018Revenue 2019: $4,220,190Expenses 2019: $3,238,402Net Income 2019: $981,7882019Revenue 2020: $4,347,107Expenses 2020: $3,433,701Net Income 2020: $913,4062020Revenue 2021: $4,536,004Expenses 2021: $3,629,655Net Income 2021: $906,3492021Revenue 2022: $4,901,740Expenses 2022: $4,146,414Net Income 2022: $755,3262022Revenue 2023: $6,561,737Expenses 2023: $5,754,296Net Income 2023: $807,4412023Revenue 2024: $7,571,095Expenses 2024: $7,341,381Net Income 2024: $229,7142024

Highlighted filing

2013

Revenue$3,391,411
Expenses$2,808,308
Net Income$583,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 8, 2014
Return Version
2013v3.1
Gross Receipts
$3,391,411
Mission and Program Overview

Mission

Our mission is to provide member thrift and savings while providing low cost loans to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$38,118,267$39,444,474▲ $1,326,207
Savings and Temporary Cash Investments$17,801,808$18,013,786▲ $211,978
Rtn Earn Endowment Incm Other Fnds$5,453,887$6,036,989▲ $583,102
Land, Buildings, and Equipment, Net$1,009,076$2,257,204▲ $1,248,128
Cash and Non-Interest-Bearing Accounts$845,215$812,268▼ $32,947
Prepaid Expenses and Deferred Charges$172,182$167,660▼ $4,522
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$58,127,086$60,856,516▲ $2,729,430
Other Assets Total$180,538$161,124▼ $19,414
Liabilities
Accounts Payable and Accrued Expenses$52,673,199$54,819,527▲ $2,146,328
Total Liabilities$52,673,199$54,819,527▲ $2,146,328
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,453,887$6,036,989▲ $583,102
Total Liabilities and Net Assets / Fund Balance$58,127,086$60,856,516▲ $2,729,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,417,812$551,895$1,969,707
Land$642,241-$642,241
Other Land Buildings$176,737$115,921$292,658
Equipment$20,414$197,408$217,822
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jean Wheat-palmCEOFT$131,889$18,474$150,363
Katie ClarkSecretaryFT$34,574$12,515$47,089

Board Members and Trustees

NameTitle
Patrick VanceChairman
Steve GiesbersChairman
Kathleen NollVice Chairman
Adam TallingerDirector
Dean ZellerDirector
Denny NielsenDirector
Rob KanskyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,247,193
Investment Income
$144,218
Other Revenue
$0
Change in Net Assets
$583,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,391,411
Total Revenue per Audited Statements
$3,391,411
Total Revenue per Form 990
$3,391,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,727,177
Salaries, Compensation, and Employee Benefits$1,081,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$570,307
Interest---$245,150
Other Employee Benefits---$203,167
Current Officers, Directors, Trustees, and Key Employees---$197,361
Information Technology---$176,385
Advertising---$132,500
Depreciation Depletion---$100,798
Payroll Taxes---$84,648
Fees for Services Other---$75,163
Occupancy---$68,926
Conferences and Meetings---$53,509
Office Expenses---$49,369
Pension Plan Contributions---$25,648
Insurance---$24,019
Other Expenses---$20,809
Fees for Services Accounting---$14,850
All Other Expenses---$12,211
Fees for Services Legal---$6,664
Total Functional Expenses$0$0$0$2,808,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,808,308
Total Expenses per Audited Statements$2,808,308
Total Expenses per Form 990$2,808,308
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

The oranization has members. They become members when they join the credit union

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

No review was or will be conducted.

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

The financial statements are posted in summary form in the lobby of the credit union. All documents including policies are avalible upon request during business hours.

Filing and Contact Details

Filer

EIN
93-6027729
Phone
5033647999

Signing Officer

Name
Jean Wheat-palm
Title
CEO
Signed
2014-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Wheat-palm
Formed
1957
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
0
Employees
25
Volunteers
7

Preparer

Preparer
R Keith Bebb
Phone
5036424129
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

ROUNDING = -$1

Raw XML Appendix392 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/PrincipalOfficerNm0JEAN WHEAT-PALM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03247193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03247193
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0160627
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01808185
IRS990/PYProgramServiceRevenueAmt03113258
IRS990/PYRevenuesLessExpensesAmt0355808
IRS990/PYSalariesCompEmpBnftPaidAmt01109892
IRS990/PYTotalExpensesAmt02918077
IRS990/PYTotalRevenueAmt03273885
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0583103
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05453887
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06036989
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017801808
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018013786
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01417812
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0551895
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01969707
IRS990ScheduleD/EquipmentGrp/BookValueAmt020414
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0197408
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0217822
IRS990ScheduleD/ExpensesSubtotalAmt02808308
IRS990ScheduleD/LandGrp/BookValueAmt0642241
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0642241
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0176737
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0115921
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0292658
IRS990ScheduleD/RevenueSubtotalAmt03391411
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02257204
IRS990ScheduleD/TotalExpensesPerForm990Amt02808308
IRS990ScheduleD/TotalRevenuePerForm990Amt03391411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03391411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02808308
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0131889
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018474
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JEAN WHEAT-PALM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150363
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORANIZATION HAS MEMBERS. THEY BECOME MEMBERS WHEN THEY JOIN THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCIAL STATEMENTS ARE POSTED IN SUMMARY FORM IN THE LOBBY OF THE CREDIT UNION. ALL DOCUMENTS INCLUDING POLICIES ARE AVALIBLE UPON REQUEST DURING BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING = -$1
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 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt058127086
IRS990/TotalAssetsEOYAmt060856516
IRS990/TotalAssetsGrp/BOYAmt058127086
IRS990/TotalAssetsGrp/EOYAmt060856516
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02808308
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt052673199
IRS990/TotalLiabilitiesEOYAmt054819527
IRS990/TotalLiabilitiesGrp/BOYAmt052673199
IRS990/TotalLiabilitiesGrp/EOYAmt054819527
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05453887
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06036989
IRS990/TotalOtherCompensationAmt030989
IRS990/TotalProgramServiceRevenueAmt03247193
IRS990/TotalReportableCompFromOrgAmt0166463
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03391411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03391411
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058127086
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt060856516
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine105210 WOODSCAPE DR SE
IRS990/USAddress/City0SALEM
IRS990/USAddress/State0OR
IRS990/USAddress/ZIPCode097309
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN WHEAT-PALM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0936027729
ReturnHeader/Filer/PhoneNum05033647999
ReturnHeader/Filer/USAddress/AddressLine102096 MISSION STREET SE
ReturnHeader/Filer/USAddress/City0SALEM
ReturnHeader/Filer/USAddress/State0OR
ReturnHeader/Filer/USAddress/ZIPCode097302
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10R Keith Bebb CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1014780 SW OSPREY STE 370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BEAVERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode097007
ReturnHeader/PreparerPersonGrp/PhoneNum05036424129
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R KEITH BEBB
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-05-08T08:07:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$103$13.1$7.57$7.34$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$96.8$12.7$6.56$5.75$0.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$89.4$11.7$4.90$4.15$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.9$83.5$12.4$4.54$3.63$0.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.4$75.9$11.5$4.35$3.43$0.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.6$65.9$10.7$4.22$3.24$0.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.2$64.5$9.68$3.94$3.01$0.93
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.2$66.4$8.76$3.37$2.49$0.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$63.5$7.87$3.26$2.26$1.01
2015Detailed filing. Detailed filing data is available for this year.$67.9$61.0$6.87$3.30$2.98$0.31
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.2$56.7$6.56$3.28$2.76$0.52
2013Detailed filing. Detailed filing data is available for this year.$60.9$54.8$6.04$3.39$2.81$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.1$52.7$5.45$2.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.2$53.1$5.10$3.17