Service Credit Union
Overview
Mission
Doing what is right for our members by improving financial well-being, supporting communities we serve and creating value and enduring relationships.
What it reported doing in 2020
The credit union provides various types of loans, cds, share accounts, and ira cds to members. Interest on members' share and savings accounts for the 9 month period ending september 30, 2020 was $27,454,331.as of september 30, 2020, the credit union converted to a federal credit union and ceased existence as a state chartered tax-exempt credit union.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 020240752
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020
- Headquarters
- Portsmouth, NH, USA
- Rating confidence
- Limited
- Sector
- Public, Societal Benefit
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 96
- Accountability: 100
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 45th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 80th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -285.6%; rating input score 0; 0th percentile among comparable filings
- Operating reserve ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $690K · 18 people listed · 5 of 6 pay-setting controls reported
- Consistency: 10 of 10 current checks pass
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 11 annual filings from 2010 to 2020
- Money network: 31 filed money-flow records
- Related organizations: 18 filed related-organization links