City of Raleigh Employees' Credit Union
Nonprofit profile at a glance
- EIN
- 566056446
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Raleigh, NC, USA
- Phone
- 9199966800
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $622,312
- Expenses
- $587,067
- Assets
- $22,294,949
- Liabilities
- $19,326,357
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- JANELL MINOR (795 MABRY ROAD, ANGIER, NC 27501): $82,618 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide city of raleigh employees
What it reported doing in 2015
Total # of loans: 967 total amount of loans: $7,626,091 total # of member 3,025 total amount of shares: $19,296,952
Operating model
- Revenue model
- Earned-program. 77% 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.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 74
- Sustainability: 60
- Growth: 0
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; 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: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.7%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 37.98; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 14.1%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -8% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 21st 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 · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $83K · 8 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 22/100.