Civic Intelligence

Credit Unions Chartered in the State of Utah

EIN 94-2670567 • 501(c)14 • Provo, UT

Profile

Non-Profit Credit Union

PO Box 1402Provo, UT 84603
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.81x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

64th percentile

13.91x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

71st percentile

9.3%

Higher net margin than 71% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$17,640

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

42nd percentile

-13%

Faster asset growth than 42% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

-0.7%

Faster revenue growth than 55% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,064,048

Down $319,306 (-13%) from 2023

Liabilities

Down

$1,671,884

Down $330,546 (-17%) from 2023

Net Assets

Up

$392,164

Up $11,240 (+3.0%) from 2023

Revenue

Down

$120,216

Down $847 (-0.7%) from 2023

Expenses

Down

$108,976

Down $2,472 (-2.2%) from 2023

Net Income

Up

$11,240

Up $1,625 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,628,210Liabilities 2011: $2,329,729Net Assets 2011: $298,4812011Assets 2012: $2,957,768Liabilities 2012: $2,653,992Net Assets 2012: $303,7762012Assets 2013: $2,720,035Liabilities 2013: $2,410,200Net Assets 2013: $309,8352013Assets 2014: $2,800,705Liabilities 2014: $2,484,714Net Assets 2014: $315,9912014Assets 2015: $2,796,616Liabilities 2015: $2,473,318Net Assets 2015: $323,2982015Assets 2016: $2,857,411Liabilities 2016: $2,526,749Net Assets 2016: $330,6622016Assets 2017: $2,870,920Liabilities 2017: $2,533,072Net Assets 2017: $337,8482017Assets 2018: $2,744,156Liabilities 2018: $2,393,291Net Assets 2018: $350,8652018Assets 2019: $2,501,565Liabilities 2019: $2,140,770Net Assets 2019: $360,7952019Assets 2020: $2,831,894Liabilities 2020: $2,465,357Net Assets 2020: $366,5372020Assets 2021: $3,127,977Liabilities 2021: $2,759,866Net Assets 2021: $368,1112021Assets 2022: $3,133,343Liabilities 2022: $2,762,034Net Assets 2022: $371,3092022Assets 2023: $2,383,354Liabilities 2023: $2,002,430Net Assets 2023: $380,9242023Assets 2024: $2,064,048Liabilities 2024: $1,671,884Net Assets 2024: $392,1642024

Highlighted filing

2024

Assets$2,064,048
Liabilities$1,671,884
Net Assets$392,164

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2011: $113,600Expenses 2011: $107,351Net Income 2011: $6,2492011Revenue 2012: $105,904Expenses 2012: $100,609Net Income 2012: $5,2952012Revenue 2013: $99,211Expenses 2013: $93,152Net Income 2013: $6,0592013Revenue 2014: $101,263Expenses 2014: $95,107Net Income 2014: $6,1562014Revenue 2015: $98,029Expenses 2015: $90,722Net Income 2015: $7,3072015Revenue 2016: $92,310Expenses 2016: $84,946Net Income 2016: $7,3642016Revenue 2017: $92,546Expenses 2017: $85,360Net Income 2017: $7,1862017Revenue 2018: $102,387Expenses 2018: $89,370Net Income 2018: $13,0172018Revenue 2019: $104,730Expenses 2019: $95,100Net Income 2019: $9,6302019Revenue 2020: $91,905Expenses 2020: $86,163Net Income 2020: $5,7422020Revenue 2021: $76,933Expenses 2021: $75,359Net Income 2021: $1,5742021Revenue 2022: $74,193Expenses 2022: $70,995Net Income 2022: $3,1982022Revenue 2023: $121,063Expenses 2023: $111,448Net Income 2023: $9,6152023Revenue 2024: $120,216Expenses 2024: $108,976Net Income 2024: $11,2402024

Highlighted filing

2024

Revenue$120,216
Expenses$108,976
Net Income$11,240

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.06$1.67$0.39$0.12$0.11$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.38$2.00$0.38$0.12$0.11$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.13$2.76$0.37$0.07$0.07$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.13$2.76$0.37$0.08$0.08$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.83$2.47$0.37$0.09$0.09$0.01
2019Summary only. Only limited summary data is available for this year.$2.50$2.14$0.36$0.10$0.10$0.01
2018Summary only. Only limited summary data is available for this year.$2.74$2.39$0.35$0.10$0.09$0.01
2017Summary only. Only limited summary data is available for this year.$2.87$2.53$0.34$0.09$0.09$0.01
2016Summary only. Only limited summary data is available for this year.$2.86$2.53$0.33$0.09$0.08$0.01
2015Summary only. Only limited summary data is available for this year.$2.80$2.47$0.32$0.10$0.09$0.01
2014Summary only. Only limited summary data is available for this year.$2.80$2.48$0.32$0.10$0.10$0.01
2013Summary only. Only limited summary data is available for this year.$2.72$2.41$0.31$0.10$0.09$0.01
2012Summary only. Only limited summary data is available for this year.$2.96$2.65$0.30$0.11$0.10$0.01
2011Summary only. Only limited summary data is available for this year.$2.63$2.33$0.30$0.11$0.11$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 6, 2025
Return Version
2024v5.0
Gross Receipts
$120,216
Mission and Program Overview

Mission

Non-Profit Credit Union

Member Owned Non-profit Credit Union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,459,133$1,385,419▼ $73,714
Savings and Temporary Cash Investments$770,616$591,773▼ $178,843
Pd in Cap Srpls Land Bldg Eqp Fund$380,924$392,164▲ $11,240
Receivables From Officers Etc$97,539$40,317▼ $57,222
Cash and Non-Interest-Bearing Accounts$26,448$26,475▲ $27
Land, Buildings, and Equipment, Net$2,001$44▼ $1,957
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,383,354$2,064,048▼ $319,306
Other Assets Total$27,617$20,020▼ $7,597
Liabilities
Other Liabilities$2,002,022$1,671,476▼ $330,546
Accounts Payable and Accrued Expenses$408$408→ $0
Total Liabilities$2,002,430$1,671,884▼ $330,546
Net Assets / Fund Balance
Total Net Assets Fund Balance$380,924$392,164▲ $11,240
Total Liabilities and Net Assets / Fund Balance$2,383,354$2,064,048▼ $319,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$44$47,993$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Becky J SmithVice-President / TreasurerPT$17,640$17,640
Sheldon B LindsayPresident / managerPT$17,640$17,640

Board Members and Trustees

NameTitle
Gary JolleyBoard Chariman
Dan StoweBoard Member
Daren HerringBoard Member
Don MessickBoard Member
Keith TeuscherBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$94,060
Investment Income
$26,156
Other Revenue
$0
Change in Net Assets
$11,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,807
Salaries, Compensation, and Employee Benefits$38,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$38,629
Comp Disqual Persons---$35,280
Occupancy---$8,308
Information Technology---$5,360
Office Expenses---$5,218
Insurance---$3,180
Payroll Taxes---$2,889
All Other Expenses---$2,193
Depreciation Depletion---$1,957
Other Expenses---$1,065
Total Functional Expenses$0$0$0$108,976
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$97,539$40,317▼ $57,222
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$1,671,476
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 6

Form 990, Part VI, Section A, Line 6 - All Credit Union Members are stockholders in the ownership of the Credit Union.

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

Form 990, Part VI, Section A, Line 7a - All Credit Union Members are invited to annual business meeting where each member has a vote in the election of the board of directors from the Credit Union membership.

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

Form 990, Part VI, Section B, Line 11b - The Form 990 is distributed and reviewed by the Board of Directors during the monthly board meeting prior to submission.

Form 990, Part VI, Section B, Line 15

Form 990, Part VI, Section B Line 15 - The Board of Directors reviews the compensation package of the CEO and other Key employees and any changes are discussed by the Board in the absence of paid Credit Union Management and employees.

Form 990, Part VI, Section C, Line 18

Form 990, Part VI, Section C, Line 18 - The year end financial report is reviewed at the annual membership business meeting. Copies of the year end financial report are mailed to the Credit Union members. Form 990 is available to the public upon request.

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Section C, Line 19 - The year end financial report is reviewed at the annual membership business meeting. Copies of the yearend financial report are mailed to the Credit Union Members. Form 990 is available to the public upon requestl.

Filing and Contact Details

Filer

Filer Name
Credit Unions Chartered in the State of Utah
EIN
94-2670567
Phone
8013775634
Address
PO Box 1402, Provo, UT 84603

Signing Officer

Name
Sheldon Lindsay
Title
President
Phone
8013775634
Signed
2025-03-06

Organization Details

Principal Officer
Sheldon B Lindsay
Formed
1949
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
5
Employees
2
Volunteers
15
Raw XML Appendix386 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/PrincipalOfficerNm0Sheldon B Lindsay
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0Income From Loans
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt094060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094060
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Member owned Credit Union.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034983
IRS990/PYOtherExpensesAmt073281
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt086080
IRS990/PYRevenuesLessExpensesAmt09615
IRS990/PYSalariesCompEmpBnftPaidAmt038167
IRS990/PYTotalExpensesAmt0111448
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0121063
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt097539
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt040317
IRS990/ReconcilationRevenueExpnssAmt011240
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0770616
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0591773
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047993
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt048037
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01671476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044
IRS990ScheduleD/TotalLiabilityAmt01671476
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section A, Line 6 - All Credit Union Members are stockholders in the ownership of the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section A, Line 7a - All Credit Union Members are invited to annual business meeting where each member has a vote in the election of the board of directors from the Credit Union membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section B, Line 11b - The Form 990 is distributed and reviewed by the Board of Directors during the monthly board meeting prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990, Part VI, Section B Line 15 - The Board of Directors reviews the compensation package of the CEO and other Key employees and any changes are discussed by the Board in the absence of paid Credit Union Management and employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, Part VI, Section C, Line 18 - The year end financial report is reviewed at the annual membership business meeting. Copies of the year end financial report are mailed to the Credit Union members. Form 990 is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part VI, Section C, Line 19 - The year end financial report is reviewed at the annual membership business meeting. Copies of the yearend financial report are mailed to the Credit Union Members. Form 990 is available to the public upon requestl.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02383354
IRS990/TotalAssetsEOYAmt02064048
IRS990/TotalAssetsGrp/BOYAmt02383354
IRS990/TotalAssetsGrp/EOYAmt02064048
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0108976
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02002430
IRS990/TotalLiabilitiesEOYAmt01671884
IRS990/TotalLiabilitiesGrp/BOYAmt02002430
IRS990/TotalLiabilitiesGrp/EOYAmt01671884
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0380924
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0392164
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt094060
IRS990/TotalReportableCompFromOrgAmt035280
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0120216
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120216
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02383354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02064048
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1402
IRS990/USAddress/CityNm0Provo
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084603
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sheldon Lindsay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08013775634
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREDIT UNIONS CHARTERED IN THE STATE OF UTAH
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0942670567
ReturnHeader/Filer/PhoneNum08013775634
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1402
ReturnHeader/Filer/USAddress/CityNm0Provo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084603
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-04-14T12:04:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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