2014-04-29T17:24:03-05:00 2013-12-31 421186197 GARDINER THOMSEN 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2013-01-01 420806064 NORTH IOWA COMMUNITY CREDIT UNION NORT 6414242281 640 SOUTH FEDERAL AVENUE MASON CITY IA 50401 SCOTT J SHIPMAN PRESIDENT 6414242281 2014-04-29 1 C L TELK JR CPA P00888922 5152701446 2013 2015-11-30 17:44:51Z SCOTT J SHIPMAN 640 SOUTH FEDERAL AVENUE MASON CITY IA 50401 3510572 0 X WWW.NICCU.COM X 1956 IA TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS SUCH AS CHECKING, SAVINGS, AND BOTH PERSONAL AND REAL ESTATE LOANS. 9 9 36 0 0 0 0 0 3061474 2702339 22660 18721 734816 789512 3818950 3510572 0 0 0 0 1191382 1218841 0 0 0 2266561 2287484 3457943 3506325 361007 4247 64993894 66473890 58536817 60017174 6457077 6456716 TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS SUCH AS CHECKING, SAVINGS, AND BOTH PERSONAL AND REAL ESTATE LOANS. 0 0 3506325 3491851 THE ORGANIZATION PROVIDES DEPOSIT SERVICES, LOANS, AND COMMUNITY SUPPORT.THE NUMBER OF MEMBERS SERVED WAS APPROXIMATELY 11,336 DURING THE 2013 TAX YEAR. 3506325 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1980 0 1 36 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X SCOTT SHIPMAN 6414242281 640 SOUTH FEDERAL AVENUE MASON CITY IA 50401 HERMAN MEYER CHAIRMAN 0.80 X X 0 0 0 RICHARD R BLUNT BOARD MEMBER 0.80 X 0 0 0 MIKE A SHANNON BOARD MEMBER 0.80 X 0 0 0 KEVIN D EASLEY BOARD MEMBER 0.80 X 0 0 0 FRANK J PEARSON BOARD MEMBER 0.80 X 0 0 0 MARK V BROSZ VICE CHAIR 0.80 X X 0 0 0 VICKY L FLICKINGER BOARD MEMBER 0.80 X 0 0 0 ROGER ESKILDSEN BOARD MEMBER 0.80 X 0 0 0 SCOTT J SHIPMAN PRESIDENT 40.00 X 162749 0 9177 162749 0 9177 1 0 1 0 FISERV 2601 NETWORK BLVD STE 600 FRISCO TX 75034 CORE SYSTEM PROVIDER 127727 1 LOAN INCOME 522100 2702339 2702339 2702339 18721 18721 ATM INCOME 522100 330529 330529 FEE INCOME 522100 252331 252331 SERVICE FEES 522100 21140 21140 185512 185512 789512 3510572 3491851 0 18721 171926 171926 717542 717542 255717 255717 73656 73656 3643 3643 19200 19200 149341 149341 372027 372027 72814 72814 103922 103922 64868 64868 7396 7396 493713 493713 15493 15493 151645 151645 78348 78348 PROVISION FOR LOAN LOSS 357473 357473 DEBIT/CREDIT CARD EXPEN 241940 241940 NCUA SHARE INSURANCE 12000 12000 143661 143661 3506325 3506325 0 0 605820 653382 5154293 5628453 54274549 54034459 273899 202137 3890963 1420300 2606189 2470663 988583 1293507 1643137 785637 853076 64993894 66473890 282023 243059 58254794 59774115 58536817 60017174 X 0 0 3250000 3600000 3207077 2856716 6457077 6456716 64993894 66473890 4247 -4608 0 X X 0 1 X 1 0 815950 815950 1883058 446645 1436413 14246 9449 4797 1177709 964206 213503 2470663 MEMBER SHARES 59774115 59774115 X 3510572 0 3510572 0 3510572 3506325 0 3506325 0 3506325 PART X, LINE 2: IN ACCORDANCE WITH THE INCOME TAXES TOPIC OF THE FASB ASC, THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE CREDIT UNION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE CREDIT UNION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE CREDIT UNION'S STATEMENT OF INCOME AND ARE INCLUDED AS A CURRENT LIABILITY IN THE BALANCE SHEET. X 0 0 0 SCOTT J SHIPMAN PRESIDENT 162749 0 0 0 0 0 0 0 9177 0 171926 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A CREDIT UNION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MERGERS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY DIRECTORS AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND STAFF CONFLICT OF INTEREST POLICIES ARE RENEWED AND REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES COMPEASE SOFTWARE FOR ALL STAFF. THE PRESIDENT PROVIDES THE COMPEASE RECOMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD REVIEWS AND DETERMINE SALARIES INCREASE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS STATEMENTS ARE POSTED MONTHLY IN THE LOBBY AND MAILED UPON REQUEST. ALL OTHER DOCUMENTS AND POLICIES ARE PROVIDED UPON REQUEST. FORM 990 PAGE 12 XII LINE 3C THE AUDIT COMMITTEE REVIEWS THE AUDITED FINANCIALS AND DISCUSSES THE AUDIT WITH MANAGEMENT AND VOTE ON RETENTION OF AUDITORS.