Capitol View Credit Union

Nonprofit profile at a glance

EIN
420742483
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Des Moines, IA, USA
Phone
5153488350
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Credit Unions

Official website

Reported finances

Revenue
$2,832,358
Expenses
$2,357,570
Assets
$45,994,115
Liabilities
$37,421,522

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • BENJAMIN SHERIDAN (CEO)

Highest reported compensation

  • BENJAMIN SHERIDAN (CEO): $132,409 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Capitol view credit union is a member owned financial institution and is dedicated to serving our members with quality, cost effective financial products and services. We value the small-town relationships and honesty that a small credit union can provide. By combining small-town relationships with big-city services we open the door to quality, responsible financing. We are committed to our members: providing them with helpful, easy-to-use services that aim towards achieving their financial goals. Total members served in 2025 - 1,759.

What it reported doing in 2025

Our membership is limited to primarily state of Iowa employees and their family members. As of 12-31-2025 we had 1,759 members. We offer auto loans, home equity loans, mortgage loans, personal loans, private student loans and credit card loans. Our loan rates are usually lower than most competitors. We offer access to our members accounts through our office, or the internet, atm machines, debit or credit cards, or the shared branching network we belong to that allows our members to visit over 5000 shared branches nationwide. Shared branches are other credit unions that charge us a fee if our member comes in and does a transaction on their account with us. In addition to the cost of supplying these access points we also pay for the security services for them.

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 90
  • Accountability: 90
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.9%; rating input score 83
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.8%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 19.51; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.81; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 82.9% of revenue deployed · 100% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.4M in reported program spending
  • Leadership: top reported pay $132K · 10 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.