Civic Intelligence

First Us Community Credit Union

990 • Fiscal year 2016 • EIN 94-1019805

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

580 University AvenueSacramento, CA 95825

(916) 576-5600

Siviq Scores

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

Liabilities / Assets

48th percentile

0.90x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

25.31x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

24th percentile

$304,171

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

25th percentile

3.6%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

4.5%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$347,984,680

Up $12,107,145 (+3.6%) from 2015

Net Assets

Up

$36,450,070

Up $2,304,924 (+6.8%) from 2015

Liabilities

Up

$311,534,610

Up $9,802,221 (+3.2%) from 2015

Revenue

Up

$12,307,599

Up $533,909 (+4.5%) from 2015

Expenses

Up

$10,106,089

Up $29,655 (+0.3%) from 2015

Net Income

Up

$2,201,510

Up $504,254 (+30%) from 2015

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $232,356,673Liabilities 2010: $211,629,628Net Assets 2010: $20,727,0452010Assets 2011: $240,218,776Liabilities 2011: $219,312,543Net Assets 2011: $20,906,2332011Assets 2012: $251,261,369Liabilities 2012: $228,072,018Net Assets 2012: $23,189,3512012Assets 2013: $253,331,011Liabilities 2013: $227,805,597Net Assets 2013: $25,525,4142013Assets 2014: $274,603,145Liabilities 2014: $246,608,107Net Assets 2014: $27,995,0382014Assets 2015: $335,877,535Liabilities 2015: $301,732,389Net Assets 2015: $34,145,1462015Assets 2016: $347,984,680Liabilities 2016: $311,534,610Net Assets 2016: $36,450,0702016Assets 2017: $364,234,033Liabilities 2017: $325,286,026Net Assets 2017: $38,948,0072017Assets 2018: $372,022,835Liabilities 2018: $329,324,176Net Assets 2018: $42,698,6592018Assets 2019: $409,407,018Liabilities 2019: $360,413,114Net Assets 2019: $48,993,9042019Assets 2020: $473,842,862Liabilities 2020: $420,510,433Net Assets 2020: $53,332,4292020Assets 2021: $521,811,500Liabilities 2021: $466,044,023Net Assets 2021: $55,767,4772021Assets 2022: $541,542,858Liabilities 2022: $492,905,018Net Assets 2022: $48,637,8402022Assets 2023: $535,921,532Liabilities 2023: $483,107,893Net Assets 2023: $52,813,6392023Assets 2024: $537,733,751Liabilities 2024: $482,574,637Net Assets 2024: $55,159,1142024

Highlighted filing

2016

Assets$347,984,680
Liabilities$311,534,610
Net Assets$36,450,070

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $11,268,2682010Expenses 2011: $10,423,2812011Expenses 2012: $7,725,5312012Revenue 2013: $10,430,509Expenses 2013: $7,821,418Net Income 2013: $2,609,0912013Revenue 2014: $9,886,687Expenses 2014: $7,758,534Net Income 2014: $2,128,1532014Revenue 2015: $11,773,690Expenses 2015: $10,076,434Net Income 2015: $1,697,2562015Revenue 2016: $12,307,599Expenses 2016: $10,106,089Net Income 2016: $2,201,5102016Revenue 2017: $13,844,469Expenses 2017: $11,006,381Net Income 2017: $2,838,0882017Revenue 2018: $15,121,365Expenses 2018: $11,487,835Net Income 2018: $3,633,5302018Revenue 2019: $16,812,965Expenses 2019: $13,336,977Net Income 2019: $3,475,9882019Revenue 2020: $16,978,310Expenses 2020: $13,348,216Net Income 2020: $3,630,0942020Revenue 2021: $16,140,124Expenses 2021: $12,241,782Net Income 2021: $3,898,3422021Revenue 2022: $17,991,070Expenses 2022: $14,063,521Net Income 2022: $3,927,5492022Revenue 2023: $22,613,164Expenses 2023: $19,950,874Net Income 2023: $2,662,2902023Revenue 2024: $24,461,143Expenses 2024: $23,703,279Net Income 2024: $757,8642024

Highlighted filing

2016

Revenue$12,307,599
Expenses$10,106,089
Net Income$2,201,510
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$12,560,575
Mission and Program Overview

Mission

First us is a member-owned financial institution. Our mission is to provide value, service, and financial solutions to our members.

Our mission is to make a difference in our communites with financial services that help our members enhance their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$189,381,574$191,976,405▲ $2,594,831
Investments Other Securities$120,704,236$129,491,318▲ $8,787,082
Rtn Earn Endowment Incm Other Fnds$34,145,146$36,450,070▲ $2,304,924
Accounts Receivable$5,629,915$6,795,461▲ $1,165,546
Land, Buildings, and Equipment, Net$4,291,748$3,487,280▼ $804,468
Cash and Non-Interest-Bearing Accounts$2,101,466$2,190,581▲ $89,115
Prepaid Expenses and Deferred Charges$580,351$815,955▲ $235,604
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$335,877,535$347,984,680▲ $12,107,145
Other Assets Total$13,188,245$13,227,680▲ $39,435
Liabilities
Other Liabilities$298,869,444$308,621,229▲ $9,751,785
Accounts Payable and Accrued Expenses$2,862,945$2,913,381▲ $50,436
Total Liabilities$301,732,389$311,534,610▲ $9,802,221
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,145,146$36,450,070▲ $2,304,924
Total Liabilities and Net Assets / Fund Balance$335,877,535$347,984,680▲ $12,107,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$553,351$2,699,326$3,252,677
Buildings$1,780,873$555,251$2,336,124
Leasehold Improvements$272,604$1,213,444$1,486,048
Land$880,452-$880,452
Other Securities$145,286--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol HauckPresident/CEOFT$261,370$44,021$305,391
Linda SweetBig Valley AdvisorFT$181,567$27,395$208,962
Jance DaltonVP/CIOFT$135,325$39,000$174,325
Jeffrey CrumpVP/CFOFT$136,773$26,679$163,452
Julie AinsworthVP/operationsFT$105,178$26,805$131,983

Board Members and Trustees

NameTitle
Brian DoyleChair
Dick CochranVice Chair
Clarence ParkinsDirector
Gary StakerDirector
John AndersonDirector
Nancy LeeDirector
Phil KeithDirector
Richard BenderSecretary
James GomesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Member Driven TechnologiesIt Services30230 ORCHARD LAKE ROAD, Farmington Hills, MI 48334$517,274
Telepacific CommunicationsPhone ServicesPO BOX 509013, San Diego, CA 92150$111,910
Mvp Financial Equipment CorpAtm Maint/servicing448 IGNACIO BLVD, Novato, CA 94949$105,819
Hagan Hamilton InsuranceBond, D&o, CommercialPO BOX 847, Mcminnville, OR 97128$102,128
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,943,830
Investment Income
$1,363,800
Other Revenue
$-31
Change in Net Assets
$2,201,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,991,822
Other Expenses$4,459,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,369,843
Office Expenses---$1,227,880
Benefits to Members---$654,930
Current Officers, Directors, Trustees, and Key Employees---$643,168
Occupancy---$609,022
Information Technology---$413,220
All Other Expenses---$367,736
Pension Plan Contributions---$333,870
Other Employee Benefits---$329,480
Advertising---$316,612
Payroll Taxes---$315,461
Depreciation Depletion---$236,583
Other Expenses---$121,807
Travel---$99,518
Insurance---$62,651
Fees for Services Accounting---$59,072
Total Functional Expenses$0$0$0$10,106,089
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$308,621,229
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.

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

Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.

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

Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

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

Form 990 is reviewed in detail by the ceo and cfo, focusing on back-up supporting detail as needed. The board of directors and supervisory committee also review form 990 prior to filing with the return with the irs.

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

Key employee activities are monitored by our external/regulatory audit(s) and internal review processes on a regular basis through reports, systems, audits, etc. In addition, each manager monitors the activity of their staff members to ensure best practices and eliminate the ability for behavior that conflicts with the credit union's code of conduct.

Form 990, Part VI, Section B, Line 15

First us community credit union participates in several industry-related compensation surveys every year. Data from these surveys is then reviewed and analyzed, based on factors such as region, area, asset size, number of employees, number of members, etc. To attempt to match "comparable" pay data, and ranges are determined for each position. With midpoint representing market salary for an experienced incumbent, we determine placement within the range based on a number of factors including education, years of experience, level of past experience, salaries of employees with comparable experience and responsibility of position.

Form 990, Part VI, Section C, Line 19

Financial statements are provided at the annual meeting of members. The annual report in available online.

Filing and Contact Details

Filer

Filer Name
First US Community Credit Union
EIN
94-1019805
Phone
9165765600
Address
580 UNIVERSITY AVENUE, SACRAMENTO, CA 95825

Signing Officer

Name
Jeff Crump
Title
VP/chief Financial Officer
Phone
9165765600
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Hauck
Formed
1936
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
97
Volunteers
13

Preparer

Firm
Rsm US Llp
Address
801 NICOLLET MALL SUITE 1100, MINNEAPOLIS, MN 55402
Preparer
Gerald B Kissell
Phone
6123324300
Raw XML AppendixShowing 400 of 535 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/Desc0FOR OVER 80 YEARS, FIRST US COMMUNTY CREDIT UNION ("FIRST US") HAS PROVIDED LENDING AND DEPOSIT PRODUCTS AND SERVICES TO ITS MEMBERS. FIRST US SERVES ANYONE WHO LIVES, WORKS, OR WORSHIPS (INCLUDING STATEWIDE CURRENT AND RETIRED FEDERAL EMPLOYEES AND THEIR FAMILIES) IN 12 COUNTIES IN THE GREATER SACRAMENTO, CA REGION. A WIDE RANGE OF LOAN PRODUCTS AND SERVICES ARE OFFERED INCLUDING RESIDENTIAL AND COMMERICAL REAL ESTATE, COMMERCIAL BUSINESS (I.E. SMALL BUSINESS ADMINISTRATION), VEHICLE, AND OTHER CONSUMER LOANS. TOTAL ASSETS AT DECEMBER 2016 WERE APPROX. $350 MILLION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VP/CIO
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4210698
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IRS990ScheduleD/OtherSecuritiesGrp/Desc2AGENCY MORTGAGE SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3US TREASURY NOTES
IRS990ScheduleD/OtherSecuritiesGrp/Desc4SBA SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5CATALYST INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt217137
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$538$483$55.2$24.5$23.7$0.76
2023Detailed filing. Detailed filing data is available for this year.$536$483$52.8$22.6$20.0$2.66
2022Detailed filing. Detailed filing data is available for this year.$542$493$48.6$18.0$14.1$3.93
2021Detailed filing. Detailed filing data is available for this year.$522$466$55.8$16.1$12.2$3.90
2020Detailed filing. Detailed filing data is available for this year.$474$421$53.3$17.0$13.3$3.63
2019Detailed filing. Detailed filing data is available for this year.$409$360$49.0$16.8$13.3$3.48
2018Detailed filing. Detailed filing data is available for this year.$372$329$42.7$15.1$11.5$3.63
2017Detailed filing. Detailed filing data is available for this year.$364$325$38.9$13.8$11.0$2.84
2016Detailed filing. Detailed filing data is available for this year.$348$312$36.5$12.3$10.1$2.20
2015Detailed filing. Detailed filing data is available for this year.$336$302$34.1$11.8$10.1$1.70
2014Detailed filing. Detailed filing data is available for this year.$275$247$28.0$9.89$7.76$2.13
2013Detailed filing. Detailed filing data is available for this year.$253$228$25.5$10.4$7.82$2.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$251$228$23.2$7.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$219$20.9$10.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$232$212$20.7$11.3