Civic Intelligence

Meriwest Credit Union

990 • Fiscal year 2015 • EIN 94-1521987

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 17, 2016

5615 Chesbro AvenueSan Jose, CA 95123

(408) 972-5222

Siviq Scores

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

Liabilities / Assets

96th percentile

0.92x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

25.75x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Net Margin

33rd percentile

16%

Higher net margin than 33% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Top Officer Pay

31st percentile

$637,097

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Asset Growth

92nd percentile

16%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

2.7%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,224,933,913

Up $167,427,070 (+16%) from 2014

Net Assets

Down

$92,037,370

Down $428,066 (-0.5%) from 2014

Liabilities

Up

$1,132,896,543

Up $167,855,136 (+17%) from 2014

Revenue

Up

$44,000,681

Up $1,157,976 (+2.7%) from 2014

Expenses

Up

$36,995,141

Up $4,053,821 (+12%) from 2014

Net Income

Down

$7,005,540

Down $2,895,845 (-29%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0B$2.0B$1.0B$0Assets 2013: $1,027,899,289Liabilities 2013: $943,499,237Net Assets 2013: $84,400,0522013Assets 2014: $1,057,506,843Liabilities 2014: $965,041,407Net Assets 2014: $92,465,4362014Assets 2015: $1,224,933,913Liabilities 2015: $1,132,896,543Net Assets 2015: $92,037,3702015Assets 2016: $1,344,502,553Liabilities 2016: $1,251,979,859Net Assets 2016: $92,522,6942016Assets 2017: $1,486,442,082Liabilities 2017: $1,380,323,174Net Assets 2017: $106,118,9082017Assets 2018: $1,617,798,786Liabilities 2018: $1,494,092,360Net Assets 2018: $123,706,4262018Assets 2019: $1,678,537,853Liabilities 2019: $1,552,526,714Net Assets 2019: $126,011,1392019Assets 2020: $1,884,893,406Liabilities 2020: $1,753,325,967Net Assets 2020: $131,567,4392020Assets 2021: $2,043,643,160Liabilities 2021: $1,895,069,833Net Assets 2021: $148,573,3272021Assets 2022: $2,248,988,827Liabilities 2022: $2,106,796,535Net Assets 2022: $142,192,2922022Assets 2023: $2,193,062,292Liabilities 2023: $2,037,083,386Net Assets 2023: $155,978,9062023Assets 2024: $2,097,171,871Liabilities 2024: $1,936,561,997Net Assets 2024: $160,609,8742024

Highlighted filing

2015

Assets$1,224,933,913
Liabilities$1,132,896,543
Net Assets$92,037,370

Operations Trend

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

$150M$100M$50M$0Revenue 2013: $42,722,129Expenses 2013: $33,918,037Net Income 2013: $8,804,0922013Revenue 2014: $42,842,705Expenses 2014: $32,941,320Net Income 2014: $9,901,3852014Revenue 2015: $44,000,681Expenses 2015: $36,995,141Net Income 2015: $7,005,5402015Revenue 2016: $51,464,594Expenses 2016: $42,459,060Net Income 2016: $9,005,5342016Revenue 2017: $57,698,801Expenses 2017: $46,644,958Net Income 2017: $11,053,8432017Revenue 2018: $67,382,751Expenses 2018: $55,095,745Net Income 2018: $12,287,0062018Revenue 2019: $73,533,809Expenses 2019: $59,409,330Net Income 2019: $14,124,4792019Revenue 2020: $73,694,841Expenses 2020: $64,721,810Net Income 2020: $8,973,0312020Revenue 2021: $69,088,485Expenses 2021: $59,548,796Net Income 2021: $9,539,6892021Revenue 2022: $77,350,663Expenses 2022: $68,332,025Net Income 2022: $9,018,6382022Revenue 2023: $101,079,580Expenses 2023: $98,580,471Net Income 2023: $2,499,1092023Revenue 2024: $110,386,749Expenses 2024: $104,869,185Net Income 2024: $5,517,5642024

Highlighted filing

2015

Revenue$44,000,681
Expenses$36,995,141
Net Income$7,005,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 17, 2016
Return Version
2015v2.1
Gross Receipts
$44,028,742
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, meriwest 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.

A cooperative, organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$739,948,497$913,973,504▲ $174,025,007
Investments in Publicly Traded Securities$231,982,117$229,647,610▼ $2,334,507
Rtn Earn Endowment Incm Other Fnds$92,465,436$92,037,370▼ $428,066
Savings and Temporary Cash Investments$37,749,460$26,926,630▼ $10,822,830
Prepaid Expenses and Deferred Charges$14,243,234$12,321,725▼ $1,921,509
Cash and Non-Interest-Bearing Accounts$6,054,287$6,853,599▲ $799,312
Land, Buildings, and Equipment, Net$5,829,354$6,560,674▲ $731,320
Receivables From Officers Etc$7,696,532$5,963,153▼ $1,733,379
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,057,506,843$1,224,933,913▲ $167,427,070
Other Assets Total$14,003,362$22,687,018▲ $8,683,656
Liabilities
Other Liabilities$956,850,312$1,124,266,262▲ $167,415,950
Accounts Payable and Accrued Expenses$8,191,095$8,630,281▲ $439,186
Total Liabilities$965,041,407$1,132,896,543▲ $167,855,136
Net Assets / Fund Balance
Total Net Assets Fund Balance$92,465,436$92,037,370▼ $428,066
Total Liabilities and Net Assets / Fund Balance$1,057,506,843$1,224,933,913▲ $167,427,070

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,500,843$6,715,654$8,216,497
Equipment$1,508,691$5,765,370$7,274,061
Buildings$1,707,154$3,545,543$5,252,697
Land$1,843,986-$1,843,986
Investment Program Related Org$490,374--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie Ann KirschCEOFT$370,818$266,279$637,097
Creighton D Galloway IvLoan ConsultantFT$429,405$28,828$458,233
John Phillip SouzaLoan ConsultantFT$318,183$33,489$351,672
Brian HennesseyCFOFT$276,116$56,271$332,387
Lisa Marie PestaSVP, Chief Hr and OperatioFT$206,667$64,949$271,616
Mark David AntonioliSVP & Chief Credit OfficerFT$210,906$58,350$269,256
Bahman ShamlouLoan ConsultantFT$243,007$23,858$266,865
Curtis Edward LinvilleLoan ConsultantFT$247,291$15,369$262,660
Anthony Jose CortezChief Experience OfficerFT$203,809$50,554$254,363
Lina Esther HessVP Information TechnologyFT$193,364$44,152$237,516
Jihong HuangVP FinanceFT$154,254$49,940$204,194
Russell MarkmanAvp It DevelopmentFT$164,676$34,505$199,181
Mary Arnette GrossweilerChief Compliance OfficerFT$159,188$35,793$194,981
Gwendolyn WongVP Business BankingFT$155,864$31,281$187,145
Anita DomondonVP of Loan AdministrationFT$153,417$29,749$183,166
Susan Wi-min LouieVP ControllerFT$149,405$24,664$174,069
Karl NiggTreasurer-$3,019-$3,019
Arthur JueBoard Member-$2,865-$2,865
Charlie MunchBoard Member-$1,819-$1,819
Scott TimpeBoard Member-$1,631-$1,631
Stanley ChapmanBoard Chairman-$1,044-$1,044

Board Members and Trustees

NameTitle
Jim HicksSupv Cmte Chairman
Edwin MachVice Chairman
Lauren BurchSecretary
Harsha VyasSupv Cmte Member
Philip FluegemannSupv Cmte Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Itc ConsultingIt Consulting Services1285 ALTAMEAD DR, Los Altos, CA 94024$207,215
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$39,711,953
Investment Income
$4,288,728
Other Revenue
$0
Change in Net Assets
$7,005,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,298,973
Other Expenses$15,679,192
Grants and Similar Amounts Paid$16,976
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$12,541,943
Office Expenses---$5,456,343
Current Officers, Directors, Trustees, and Key Employees---$4,238,367
Other Employee Benefits---$2,268,745
Occupancy---$1,523,648
Interest---$1,457,097
Payroll Taxes---$1,151,187
Pension Plan Contributions---$1,098,731
Depreciation Depletion---$972,465
Advertising---$826,535
Fees for Services Other---$527,694
Information Technology---$487,878
Other Expenses---$385,925
Insurance---$347,219
Fees for Services Legal---$248,471
Travel---$208,336
Fees for Services Accounting---$168,941
All Other Expenses---$105,349
Grants to Domestic Orgs---$16,976
Total Functional Expenses$0$0$0$36,995,141
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CHILDREN'S MIRACLE NETWORKOntario, CA501(c)(3)Provide Financial Support for Medical Care for Children$10,543
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$7,696,532$5,963,153▼ $1,733,379
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares and Deposits$1,009,266,262
Promissory Notes & Interest Payable$115,000,000
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 2

Director scott timpe is the son-in-law of director karl nigg.

Form 990, Part VI, Section A, Line 6

Meriwest 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. Meriwest credit union does not have stockholders.

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

The governing board of meriwest 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.

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

At 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.

Form 990, Part VI, Section B, Line 11

The form 990 is made available to the organization's governing body for review.

Form 990, Part VI, Section B, Line 15

The company has purchased an annual subscription to a compensation program called compease through hrn. This manages all our salaries. In addition hr participates in 3-4 credit union salary surveys for executives. This information is also provided to the personnel practices committee of the board of directors.

Form 990, Part VI, Section C, Line 19

Financial statements are posted in the credit union financial centers monthly. The conflict of interest policy is posted on the credit union website annually in the nomination packet. The annual report is published on the credit union website and it contains annual financial statements as well. Other documents are available upon request provided there is no rule or regulation governing prohibition of giving out the information.

Filing and Contact Details

Filer

Filer Name
Meriwest Credit Union
EIN
94-1521987
Phone
4089725222
Address
5615 CHESBRO AVENUE, SAN JOSE, CA 95123

Signing Officer

Name
Brian Hennessey
Title
CFO
Phone
4089725222
Signed
2016-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Kirsch
Formed
1961
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
222
Volunteers
15

Preparer

Firm
Turner Warren Hwang & Conrad Acctcy
Address
100 NORTH FIRST ST STE 202, BURBANK, CA 91502
Preparer
Valentino Creus CPA
Phone
8189549700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in oci -5,983,704.

Form 990, Part XI, Line 2C

The organization has not changed either its oversight process or selection process during the tax year. Section 1.263(a)-1(f) de minimis safe harbor election meriwest credit union 5615 chesbro avenue san jose, ca 95123 taxpayer identification number: 94-1521987 for the year ending december 31, 2015. Meriwest credit union is making the de minimis safe harbor election under reg. Sec.1.263(a)-1(f).

Financial Statement Notes

PART X, LINE 2:

Fasb asc no. 740-10-65, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated 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" to be sustained "when challenged or "when examined" by the applicable tax authority. Tax positions deemed to not meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. For the year ended september 30, 2015, management has determined that there are no material uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/PersonNm7JIM HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm8PHILIP FLUEGEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm9HARSHA VYAS
IRS990/Form990PartVIISectionAGrp/PersonNm10JULIE ANN KIRSCH
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN HENNESSEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MARK DAVID ANTONIOLI
IRS990/Form990PartVIISectionAGrp/PersonNm13LISA MARIE PESTA
IRS990/Form990PartVIISectionAGrp/PersonNm14ANTHONY JOSE CORTEZ
IRS990/Form990PartVIISectionAGrp/PersonNm15MARY ARNETTE GROSSWEILER
IRS990/Form990PartVIISectionAGrp/PersonNm16LINA ESTHER HESS
IRS990/Form990PartVIISectionAGrp/PersonNm17GWENDOLYN WONG
IRS990/Form990PartVIISectionAGrp/PersonNm18ANITA DOMONDON
IRS990/Form990PartVIISectionAGrp/PersonNm19JIHONG HUANG
IRS990/Form990PartVIISectionAGrp/PersonNm20SUSAN WI-MIN LOUIE
IRS990/Form990PartVIISectionAGrp/PersonNm21CREIGHTON D GALLOWAY IV
IRS990/Form990PartVIISectionAGrp/PersonNm22JOHN PHILLIP SOUZA
IRS990/Form990PartVIISectionAGrp/PersonNm23CURTIS EDWARD LINVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm24BAHMAN SHAMLOU
IRS990/Form990PartVIISectionAGrp/PersonNm25RUSSELL MARKMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt01044
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23019
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41819
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt52865
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61631
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10633935
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11320123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12250583
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13246276
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14236730
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15184973
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16218146
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17177179
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18173548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19172056
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20168169
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21440600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22327332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23253042
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24243749
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25181548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SUPV CMTE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SUPV CMTE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP & CHIEF CREDIT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP, CHIEF HR AND OPERATIO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF EXPERIENCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF COMPLIANCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP INFORMATION TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP BUSINESS BANKING
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP OF LOAN ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt21LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt22LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt23LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt24LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt25AVP IT DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-28061
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt016976
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt044028742
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt040
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0487878
IRS990/InsuranceGrp/TotalAmt0347219
IRS990/InterestGrp/TotalAmt01457097
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04316789
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04316789
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0739948497
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0913973504
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0231982117
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0229647610
IRS990/IRPDocumentCnt014298
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016026567
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05829354
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06560674
IRS990/LandBldgEquipCostOrOtherBssAmt022587241
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt028061
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0A 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, MERIWEST 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt092465436
IRS990/NetAssetsOrFundBalancesEOYAmt092037370
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-22208
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-28061
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-5853
IRS990/NetUnrelatedBusTxblIncmAmt0-51861
IRS990/NetUnrlzdGainsLossesInvstAmt0-1449902
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01523648
IRS990/OfficeExpensesGrp/TotalAmt05456343
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014003362
IRS990/OtherAssetsTotalGrp/EOYAmt022687018
IRS990/OtherChangesInNetAssetsAmt0-5983704
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02268745
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN AND
IRS990/OtherExpensesGrp/Desc1MISC OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER NON-OPERATING EXP
IRS990/OtherExpensesGrp/TotalAmt01066000
IRS990/OtherExpensesGrp/TotalAmt1956686
IRS990/OtherExpensesGrp/TotalAmt2940605
IRS990/OtherExpensesGrp/TotalAmt3385925
IRS990/OtherLiabilitiesGrp/BOYAmt0956850312
IRS990/OtherLiabilitiesGrp/EOYAmt01124266262
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt012541943
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01151187
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01098731
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014243234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012321725
IRS990/PrincipalOfficerNm0JULIE KIRSCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028312369
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17824654
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23267927
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028514832
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17847575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23349546
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0202463
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt122921
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt281619
IRS990/ProgSrvcAccomActy2Grp/Desc0MERIWEST CREDIT UNION PROVIDED MEMBERS 7,605 CONSUMER LOANS TOTALING $148 MILLION IN 2015.
IRS990/ProgSrvcAccomActy3Grp/Desc0MERIWEST CREDIT UNION OFFERED LOANS, DEPOSITS AND OTHER SERVICES TO 71,557 MEMBERS IN 2015.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt023835
IRS990/PYInvestmentIncomeAmt05233651
IRS990/PYOtherExpensesAmt013702876
IRS990/PYOtherRevenueAmt01145000
IRS990/PYProgramServiceRevenueAmt036464054
IRS990/PYRevenuesLessExpensesAmt09901385
IRS990/PYSalariesCompEmpBnftPaidAmt019214609
IRS990/PYTotalExpensesAmt032941320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt042842705
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt07696532
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt05963153
IRS990/ReconcilationRevenueExpnssAmt07005540
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt092465436
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt092037370
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037749460
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026926630
IRS990/ScheduleBRequiredInd00

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.$2,097$1,937$161$110$105$5.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,193$2,037$156$101$98.6$2.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,249$2,107$142$77.4$68.3$9.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,044$1,895$149$69.1$59.5$9.54
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,885$1,753$132$73.7$64.7$8.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,679$1,553$126$73.5$59.4$14.1
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,618$1,494$124$67.4$55.1$12.3
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,486$1,380$106$57.7$46.6$11.1
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,345$1,252$92.5$51.5$42.5$9.01
2015Detailed filing. Detailed filing data is available for this year.$1,225$1,133$92.0$44.0$37.0$7.01
2014Detailed filing. Detailed filing data is available for this year.$1,058$965$92.5$42.8$32.9$9.90
2013Detailed filing. Detailed filing data is available for this year.$1,028$943$84.4$42.7$33.9$8.80
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)14 • $1B+ nonprofits