Civic Intelligence

Meriwest Credit Union

990 • Fiscal year 2016 • EIN 94-1521987

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 28, 2017

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

97th percentile

0.93x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

24.33x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Net Margin

47th percentile

17%

Higher net margin than 47% of similar nonprofits.

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Top Officer Pay

40th percentile

$703,250

Higher top officer pay than 40% of similar nonprofits.

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

2016 filings • 501(c)14 • $1B+ nonprofits • Source year 2016

Asset Growth

61st percentile

9.8%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

90th percentile

17%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$1,344,502,553

Up $119,568,640 (+9.8%) from 2015

Net Assets

Up

$92,522,694

Up $485,324 (+0.5%) from 2015

Liabilities

Up

$1,251,979,859

Up $119,083,316 (+11%) from 2015

Revenue

Up

$51,464,594

Up $7,463,913 (+17%) from 2015

Expenses

Up

$42,459,060

Up $5,463,919 (+15%) from 2015

Net Income

Up

$9,005,534

Up $1,999,994 (+29%) from 2015

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

2016

Assets$1,344,502,553
Liabilities$1,251,979,859
Net Assets$92,522,694

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

2016

Revenue$51,464,594
Expenses$42,459,060
Net Income$9,005,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 28, 2017
Return Version
2016v3.0
Gross Receipts
$51,466,105
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$913,973,504$1,045,198,317▲ $131,224,813
Investments in Publicly Traded Securities$229,647,610$230,051,559▲ $403,949
Rtn Earn Endowment Incm Other Fnds$92,037,370$92,522,694▲ $485,324
Savings and Temporary Cash Investments$26,926,630$25,952,547▼ $974,083
Land, Buildings, and Equipment, Net$6,560,674$6,800,328▲ $239,654
Cash and Non-Interest-Bearing Accounts$6,853,599$4,712,145▼ $2,141,454
Receivables From Officers Etc$5,963,153$4,134,851▼ $1,828,302
Prepaid Expenses and Deferred Charges$12,321,725$3,696,536▼ $8,625,189
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,224,933,913$1,344,502,553▲ $119,568,640
Other Assets Total$22,687,018$23,956,270▲ $1,269,252
Liabilities
Other Liabilities$1,124,266,262$1,240,000,311▲ $115,734,049
Accounts Payable and Accrued Expenses$8,630,281$11,979,548▲ $3,349,267
Total Liabilities$1,132,896,543$1,251,979,859▲ $119,083,316
Net Assets / Fund Balance
Total Net Assets Fund Balance$92,037,370$92,522,694▲ $485,324
Total Liabilities and Net Assets / Fund Balance$1,224,933,913$1,344,502,553▲ $119,568,640

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,435,451$7,227,069$8,662,520
Equipment$1,970,118$5,732,351$7,702,469
Buildings$1,550,773$3,701,924$5,252,697
Land$1,843,986-$1,843,986
Investment Program Related Org$2,481,586--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie Ann KirschCEOFT$425,639$277,611$703,250
Bahman ShamlouLoan ConsultantFT$491,036$22,187$513,223
Brian HennesseyCFOFT$273,293$94,800$368,093
Mark David AntonioliSVP & Chief Credit OfficerFT$209,485$145,338$354,823
John Phillip SouzaLoan ConsultantFT$317,749$23,435$341,184
Lisa Marie PestaSVP, Chief Hr and OperatioFT$205,262$95,612$300,874
Anthony Jose CortezChief Experience OfficerFT$202,441$85,692$288,133
Creighton D Galloway IvLoan ConsultantFT$267,441$16,381$283,822
Lina Esther HessVP Information TechnologyFT$190,736$46,517$237,253
Curtis Edward LinvilleLoan ConsultantFT$226,377$9,409$235,786
Gwendolyn Wong FormerVP Business BankingFT$186,020$42,448$228,468
Jihong HuangVP FinanceFT$158,246$50,215$208,461
Daniel WalshRelationship ManagerFT$104,235$96,330$200,565
Mary Arnette GrossweilerChief Compliance OfficerFT$156,690$34,263$190,953
Anita DomondonVP of Loan AdministrationFT$153,129$30,343$183,472
Susan Wi-min LouieVP ControllerFT$154,880$27,432$182,312
Karl NiggTreasurer-$2,695-$2,695
Scott TimpeBoard Member-$1,617-$1,617
Arthur JueBoard Member-$1,286-$1,286

Board Members and Trustees

NameTitle
Stanley ChapmanBoard Chairman
Jim HicksSupv Cmte Chairman
Edwin MachVice Chairman
Charlie MunchBoard Member
Lauren BurchSecretary
Harsha VyasSupv Cmte Member
Philip FluegemannSupv Cmte Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,012,035
Investment Income
$4,967,475
Other Revenue
$485,084
Change in Net Assets
$9,005,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,683,434
Other Expenses$17,765,196
Grants and Similar Amounts Paid$10,430
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$14,404,444
Office Expenses---$5,478,192
Current Officers, Directors, Trustees, and Key Employees---$4,416,068
Interest---$2,628,233
Other Employee Benefits---$2,311,212
Pension Plan Contributions---$2,249,458
Occupancy---$1,512,347
Payroll Taxes---$1,302,252
Depreciation Depletion---$1,235,079
Advertising---$906,203
Fees for Services Other---$705,690
Information Technology---$527,000
Insurance---$336,651
Fees for Services Legal---$330,347
Travel---$191,742
Fees for Services Accounting---$141,802
Other Expenses---$133,582
All Other Expenses---$125,723
Grants to Domestic Orgs---$10,430
Total Functional Expenses$0$0$0$42,459,060
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CHILDREN'S MIRACLE NETWORKSalt Lake City, UT501(c)(3)Provide Financial Support for Medical Care for Children$6,981
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$5,963,153$4,134,851▼ $1,828,302
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Total Shares and Deposits$1,126,000,311
Promissory Notes & Interest Payable$114,000,000
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 11B

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
2017-08-28
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
261
Volunteers
13

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 -7,070,328.

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, 2016. 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 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" of being 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, 2016, management has determined that there are no material uncertain tax positions.

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IRS990/Form990PartVIISectionAGrp/PersonNm16GWENDOLYN WONG FORMER
IRS990/Form990PartVIISectionAGrp/PersonNm17LINA ESTHER HESS
IRS990/Form990PartVIISectionAGrp/PersonNm18JIHONG HUANG
IRS990/Form990PartVIISectionAGrp/PersonNm19SUSAN WI-MIN LOUIE
IRS990/Form990PartVIISectionAGrp/PersonNm20ANITA DOMONDON
IRS990/Form990PartVIISectionAGrp/PersonNm21BAHMAN SHAMLOU
IRS990/Form990PartVIISectionAGrp/PersonNm22JOHN PHILLIP SOUZA
IRS990/Form990PartVIISectionAGrp/PersonNm23CREIGHTON D GALLOWAY IV
IRS990/Form990PartVIISectionAGrp/PersonNm24CURTIS EDWARD LINVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm25DANIEL WALSH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22695
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt51286
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt61617
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10695530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11322163
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12255144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13244864
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14240351
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15179447
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16219285
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17218503
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18180064
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19175599
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20174266
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21492657
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22319424
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23268261
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24227075
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt25197834
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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 BUSINESS BANKING
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP INFORMATION TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP OF LOAN ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt21LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt22LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt23LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt24LOAN CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt25RELATIONSHIP MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-161
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt010430
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01350
IRS990/GrossReceiptsAmt051466105
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt043
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0527000
IRS990/InsuranceGrp/TotalAmt0336651
IRS990/InterestGrp/TotalAmt02628233
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04967636
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04967636
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0913973504
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01045198317
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0229647610
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0230051559
IRS990/IRPDocumentCnt015112
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016661344
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06560674
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06800328
IRS990/LandBldgEquipCostOrOtherBssAmt023461672
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01511
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/NetAssetsOrFundBalancesBOYAmt092037370
IRS990/NetAssetsOrFundBalancesEOYAmt092522694
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01089
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-161
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0-1250
IRS990/NetUnrelatedBusTxblIncmAmt0-22793
IRS990/NetUnrlzdGainsLossesInvstAmt0-1449882
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01512347
IRS990/OfficeExpensesGrp/TotalAmt05478192
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022687018
IRS990/OtherAssetsTotalGrp/EOYAmt023956270
IRS990/OtherChangesInNetAssetsAmt0-7070328
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02311212
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN AND
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2MISC OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER NON-OPERATING EXP
IRS990/OtherExpensesGrp/TotalAmt01789300
IRS990/OtherExpensesGrp/TotalAmt11018918
IRS990/OtherExpensesGrp/TotalAmt2704387
IRS990/OtherExpensesGrp/TotalAmt3133582
IRS990/OtherLiabilitiesGrp/BOYAmt01124266262
IRS990/OtherLiabilitiesGrp/EOYAmt01240000311
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/Desc0GAIN ON REOS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0485084
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0485084
IRS990/OtherRevenueTotalAmt0485084
IRS990/OtherSalariesAndWagesGrp/TotalAmt014404444
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt01302252
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt02249458
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012321725
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03696536
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/RelatedOrExemptFuncIncomeAmt034061953
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18772293
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22888787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034254235
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18789048
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22968752
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0192282
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt116755
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt279965
IRS990/ProgSrvcAccomActy2Grp/Desc0MERIWEST CREDIT UNION PROVIDED MEMBERS 4,275 CONSUMER LOANS TOTALING $121 MILLION IN 2016.
IRS990/ProgSrvcAccomActy3Grp/Desc0MERIWEST CREDIT UNION OFFERED LOANS, DEPOSITS AND OTHER SERVICES TO 75,103 MEMBERS IN 2016.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt016976
IRS990/PYInvestmentIncomeAmt04288728
IRS990/PYOtherExpensesAmt015679192
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt039711953
IRS990/PYRevenuesLessExpensesAmt07005540
IRS990/PYSalariesCompEmpBnftPaidAmt021298973
IRS990/PYTotalExpensesAmt036995141
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt044000681
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt05963153
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt04134851
IRS990/ReconcilationRevenueExpnssAmt09005534
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt092037370
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt092522694
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026926630
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025952547
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01550773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03701924

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
2016Detailed filing. Detailed filing data is available for this year.$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