Civic Intelligence

First Imperial Credit Union

990 • Fiscal year 2017 • EIN 95-1652773

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 26, 2018

Organization ProfileWWW.FICU.COM

View Organization Page

1602 W Main StreetEl Centro, CA 92243

(760) 352-1540

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.90x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

10th percentile

12.40x

Higher debt load relative to revenue than 10% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Net Margin

57th percentile

13%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$215,989

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2017

Asset Growth

95th percentile

14%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

22%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$108,917,010

Up $13,552,940 (+14%) from 2016

Net Assets

Up

$10,617,105

Up $993,983 (+10%) from 2016

Liabilities

Up

$98,299,905

Up $12,558,957 (+15%) from 2016

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin57th percentile

Revenue

Up

$7,925,727

Up $1,421,030 (+22%) from 2016

Expenses

Up

$6,887,629

Up $1,351,201 (+24%) from 2016

Net Income

Up

$1,038,098

Up $69,829 (+7.2%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$300M$200M$100M$0Assets 2010: $56,516,199Liabilities 2010: $51,181,749Net Assets 2010: $5,334,4502010Assets 2011: $67,646,858Liabilities 2011: $61,149,215Net Assets 2011: $6,497,6432011Assets 2012: $67,868,295Liabilities 2012: $61,161,889Net Assets 2012: $6,706,4062012Assets 2013: $73,416,371Liabilities 2013: $66,426,575Net Assets 2013: $6,989,7962013Assets 2014: $78,125,458Liabilities 2014: $70,330,104Net Assets 2014: $7,795,3542014Assets 2015: $84,942,117Liabilities 2015: $76,106,637Net Assets 2015: $8,835,4802015Assets 2016: $95,364,070Liabilities 2016: $85,740,948Net Assets 2016: $9,623,1222016Assets 2017: $108,917,010Liabilities 2017: $98,299,905Net Assets 2017: $10,617,1052017Assets 2018: $122,480,004Liabilities 2018: $111,095,195Net Assets 2018: $11,384,8092018Assets 2019: $127,232,418Liabilities 2019: $114,733,015Net Assets 2019: $12,499,4032019Assets 2020: $158,641,134Liabilities 2020: $143,945,098Net Assets 2020: $14,696,0362020Assets 2021: $181,811,886Liabilities 2021: $162,386,120Net Assets 2021: $19,425,7662021Assets 2022: $184,124,441Liabilities 2022: $161,924,710Net Assets 2022: $22,199,7312022Assets 2023: $195,673,928Liabilities 2023: $171,596,791Net Assets 2023: $24,077,1372023Assets 2024: $219,267,309Liabilities 2024: $192,597,439Net Assets 2024: $26,669,8702024

Highlighted filing

2017

Assets$108,917,010
Liabilities$98,299,905
Net Assets$10,617,105
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

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

$20M$15M$10M$5.0M$0Expenses 2010: $3,762,5772010Expenses 2011: $3,789,5412011Revenue 2012: $5,530,728Expenses 2012: $5,024,733Net Income 2012: $505,9952012Revenue 2013: $5,604,951Expenses 2013: $5,283,576Net Income 2013: $321,3752013Revenue 2014: $5,903,071Expenses 2014: $5,087,808Net Income 2014: $815,2632014Revenue 2015: $5,891,034Expenses 2015: $4,962,688Net Income 2015: $928,3462015Revenue 2016: $6,504,697Expenses 2016: $5,536,428Net Income 2016: $968,2692016Revenue 2017: $7,925,727Expenses 2017: $6,887,629Net Income 2017: $1,038,0982017Revenue 2018: $9,432,397Expenses 2018: $8,518,157Net Income 2018: $914,2402018Revenue 2019: $10,565,469Expenses 2019: $9,389,603Net Income 2019: $1,175,8662019Revenue 2020: $9,533,910Expenses 2020: $7,186,477Net Income 2020: $2,347,4332020Revenue 2021: $11,686,350Expenses 2021: $6,723,789Net Income 2021: $4,962,5612021Revenue 2022: $10,509,894Expenses 2022: $8,290,550Net Income 2022: $2,219,3442022Revenue 2023: $13,356,336Expenses 2023: $10,249,149Net Income 2023: $3,107,1872023Revenue 2024: $16,277,716Expenses 2024: $13,966,169Net Income 2024: $2,311,5472024

Highlighted filing

2017

Revenue$7,925,727
Expenses$6,887,629
Net Income$1,038,098
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 26, 2018
Return Version
2017v2.3
Gross Receipts
$7,925,727
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 approved 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, first imperial credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefit, or service of the credit union being distributed to its members.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$77,305,908$92,680,896▲ $15,374,988
Rtn Earn Endowment Incm Other Fnds$9,623,122$10,617,105▲ $993,983
Land, Buildings, and Equipment, Net$4,132,112$4,030,289▼ $101,823
Savings and Temporary Cash Investments$8,382,182$3,428,740▼ $4,953,442
Cash and Non-Interest-Bearing Accounts$2,326,402$3,097,790▲ $771,388
Prepaid Expenses and Deferred Charges$102,983$129,180▲ $26,197
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$95,364,070$108,917,010▲ $13,552,940
Other Assets Total$3,114,483$5,550,115▲ $2,435,632
Liabilities
Other Liabilities$84,332,140$96,673,391▲ $12,341,251
Accounts Payable and Accrued Expenses$1,408,808$1,626,514▲ $217,706
Total Liabilities$85,740,948$98,299,905▲ $12,558,957
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,623,122$10,617,105▲ $993,983
Total Liabilities and Net Assets / Fund Balance$95,364,070$108,917,010▲ $13,552,940

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,268,992$570,770$2,839,762
Equipment$578,485$1,293,240$1,871,725
Land$973,619-$973,619
Leasehold Improvements$209,193$221,794$430,987
Investment Program Related Org$169,702--
Other Assets Org$5,255,661--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fidel GonzalezPresident/CEOFT$184,667$31,322$215,989
Cuauhtemoc De La TorreEvp/CFOFT$138,485$36,144$174,629

Board Members and Trustees

NameTitle
Katie LunaChairperson
Steve EscaleraSupv Cmte Chairperson
Don CampbellVice Chairperson
Christopher PetreeBoard Member
Dr Kathleen LangBoard Member
Dr Victor JaimeBoard Member
Michael CampbellBoard Secretary
Josh MercadoBoard Treasurer
Luis HernandezSupv Cmte Member
Richard MoralesSupv Cmte Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Jack Henry & Associates INCInformation Processing SolutionsP O BOX 609, Monett, MO 96708$287,037
Gordon & Rees LLPAttorney Services1111 BROADWAY SUITE 1700, Oakland, CA 94607$129,180
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,658,824
Investment Income
$266,903
Other Revenue
$0
Change in Net Assets
$1,038,098

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,925,727
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,925,727
Total Revenue per Form 990
$7,925,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,317,902
Salaries, Compensation, and Employee Benefits$2,564,897
Grants and Similar Amounts Paid$4,830
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,648,672
Office Expenses---$1,091,458
Interest---$462,150
Current Officers, Directors, Trustees, and Key Employees---$352,957
Occupancy---$323,876
Depreciation Depletion---$298,341
Pension Plan Contributions---$216,464
Payroll Taxes---$182,211
Fees for Services Other---$167,681
Other Employee Benefits---$164,593
Advertising---$125,091
Insurance---$106,605
Fees for Services Legal---$97,608
Fees for Services Accounting---$57,792
Travel---$52,789
Information Technology---$13,305
Other Expenses---$12,119
Grants to Domestic Orgs---$4,830
All Other Expenses---$2,645
Total Functional Expenses$0$0$0$6,887,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,887,629
Total Expenses per Audited Statements$6,887,629
Total Expenses per Form 990$6,887,629
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Total Shares and Deposits$94,480,960
Draws Against Lines of Credit$2,192,431
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

“First imperial 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. First imperial credit union does not have stockholders.”

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

“The governing body of first imperial 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 board reviews the form 990 as part of the monthly packet in the month of filing.”

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

“The board, staff and management of the organization review the conflict of interest policy and acknowledge compliance on an annual basis.”

Form 990, Part VI, Section B, Line 15

“Compensation for the ceo, officers, and key employees is determined by analyzing the latest cuna salary report. The ceo then proposes a salary scale for board approval.”

Form 990, Part VI, Section C, Line 19

“The financial statements for the credit union are available on a monthly basis and posted within the branch. Financial statements are also posted to a secure website available to the governing board members.”

Filing and Contact Details

Filer

Filer Name
First Imperial Credit Union
EIN
95-1652773
Phone
7603521540
Address
1602 W MAIN STREET, EL CENTRO, CA 92243

Signing Officer

Name
Fidel Gonzalez
Title
CEO
Phone
7603521540
Signed
2018-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fidel Gonzalez
Formed
1942
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
68
Volunteers
10

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 -15,759.”

Form 990, Part XI, Line 2C

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Asc 740-10-65 (fasb interpretation no. 48, accounting for uncertainty in income taxes, an interpretation of sfas no. 109) was issued to create a single model to address accounting uncertainty in tax positions. This standard clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. This standard also provides guidance on measurement, derecognition, classification, interest and penalties, disclosure and transition. The credit union adopted this standard on january 1, 2009. As a result of the implementation of this standard, the credit union did not recognize any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 491 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04830
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07925727
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt013305
IRS990/InsuranceGrp/TotalAmt0106605
IRS990/InterestGrp/TotalAmt0462150
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0266903
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0266903
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt077305908
IRS990/InvestmentsProgramRelatedGrp/EOYAmt092680896
IRS990/IRPDocumentCnt01321
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02085804
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04132112
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04030289
IRS990/LandBldgEquipCostOrOtherBssAmt06116093
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
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 APPROVED 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, FIRST IMPERIAL CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09623122
IRS990/NetAssetsOrFundBalancesEOYAmt010617105
IRS990/NetUnrelatedBusTxblIncmAmt0-92218
IRS990/NetUnrlzdGainsLossesInvstAmt0-28356
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0323876
IRS990/OfficeExpensesGrp/TotalAmt01091458
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03114483
IRS990/OtherAssetsTotalGrp/EOYAmt05550115
IRS990/OtherChangesInNetAssetsAmt0-15759
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0164593
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN & LE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3OPERATING FEES
IRS990/OtherExpensesGrp/TotalAmt01164903
IRS990/OtherExpensesGrp/TotalAmt1173863
IRS990/OtherExpensesGrp/TotalAmt2167676
IRS990/OtherExpensesGrp/TotalAmt312119
IRS990/OtherLiabilitiesGrp/BOYAmt084332140
IRS990/OtherLiabilitiesGrp/EOYAmt096673391
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherSalariesAndWagesGrp/TotalAmt01648672
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0182211
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0216464
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0102983
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0129180
IRS990/PrincipalOfficerNm0FIDEL GONZALEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05027656
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11823984
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2773982
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05027656
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11857186
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2773982
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt033202
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02584
IRS990/PYInvestmentIncomeAmt0256769
IRS990/PYOtherExpensesAmt03208775
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06247928
IRS990/PYRevenuesLessExpensesAmt0968269
IRS990/PYSalariesCompEmpBnftPaidAmt02325069
IRS990/PYTotalExpensesAmt05536428
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06504697
IRS990/ReconcilationRevenueExpnssAmt01038098
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09623122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010617105
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08382182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03428740
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02268992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0570770
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02839762
IRS990ScheduleD/EquipmentGrp/BookValueAmt0578485
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01293240
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01871725
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06887629
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05619000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt179220978
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2848068
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3875000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt43948370
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt51999778
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6169702
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DEPOSITS IN COMMERCIAL BANKS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1LOANS AND LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3LOANS TO NATURAL PERSON CREDIT UNIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4AVAILABLE FOR SALE SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5HELD-TO MATURITY SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6PAID-IN CAPITAL AT CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt0973619
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0973619
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0209193
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0221794
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0430987
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0284667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19787
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25255661
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST ON LOANS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ALL OTHER ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt094480960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12192431
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TOTAL SHARES AND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DRAWS AGAINST LINES OF CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07925727
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740-10-65 (FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF SFAS NO. 109) WAS ISSUED TO CREATE A SINGLE MODEL TO ADDRESS ACCOUNTING UNCERTAINTY IN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO PROVIDES GUIDANCE ON MEASUREMENT, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CREDIT UNION ADOPTED THIS STANDARD ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION OF THIS STANDARD, THE CREDIT UNION DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04030289
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05550115
IRS990ScheduleD/TotalBookValueProgramRltdAmt092680896
IRS990ScheduleD/TotalExpensesPerForm990Amt06887629
IRS990ScheduleD/TotalLiabilityAmt096673391
IRS990ScheduleD/TotalRevenuePerForm990Amt07925727
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07925727
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06887629
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0184667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1138485
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount07200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount15326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt14258
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08238
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt119659
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt010378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt16901
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FIDEL GONZALEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CUAUHTEMOC DE LA TORRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215989
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1174629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIRST IMPERIAL 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. FIRST IMPERIAL CREDIT UNION DOES NOT HAVE STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY OF FIRST IMPERIAL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE FORM 990 AS PART OF THE MONTHLY PACKET IN THE MONTH OF FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD, STAFF AND MANAGEMENT OF THE ORGANIZATION REVIEW THE CONFLICT OF INTEREST POLICY AND ACKNOWLEDGE COMPLIANCE ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE CEO, OFFICERS, AND KEY EMPLOYEES IS DETERMINED BY ANALYZING THE LATEST CUNA SALARY REPORT. THE CEO THEN PROPOSES A SALARY SCALE FOR BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FINANCIAL STATEMENTS FOR THE CREDIT UNION ARE AVAILABLE ON A MONTHLY BASIS AND POSTED WITHIN THE BRANCH. FINANCIAL STATEMENTS ARE ALSO POSTED TO A SECURE WEBSITE AVAILABLE TO THE GOVERNING BOARD MEMBERS.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$108,917,010
Liabilities
$98,299,905
Net assets
$10,617,105
Revenue
$7,925,727
Expenses
$6,887,629
Net income
$1,038,098
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$219$193$26.7$16.3$14.0$2.31
2023Detailed filing. Detailed filing data is available for this year.$196$172$24.1$13.4$10.2$3.11
2022Detailed filing. Detailed filing data is available for this year.$184$162$22.2$10.5$8.29$2.22
2021Detailed filing. Detailed filing data is available for this year.$182$162$19.4$11.7$6.72$4.96
2020Detailed filing. Detailed filing data is available for this year.$159$144$14.7$9.53$7.19$2.35
2019Detailed filing. Detailed filing data is available for this year.$127$115$12.5$10.6$9.39$1.18
2018Detailed filing. Detailed filing data is available for this year.$122$111$11.4$9.43$8.52$0.91
2017Detailed filing. Detailed filing data is available for this year.$109$98.3$10.6$7.93$6.89$1.04
2016Detailed filing. Detailed filing data is available for this year.$95.4$85.7$9.62$6.50$5.54$0.97
2015Detailed filing. Detailed filing data is available for this year.$84.9$76.1$8.84$5.89$4.96$0.93
2014Detailed filing. Detailed filing data is available for this year.$78.1$70.3$7.80$5.90$5.09$0.82
2013Detailed filing. Detailed filing data is available for this year.$73.4$66.4$6.99$5.60$5.28$0.32
2012Summary only. Only limited summary data is available for this year.$67.9$61.2$6.71$5.53$5.02$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.6$61.1$6.50$3.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.5$51.2$5.33$3.76