Civic Intelligence

Acme Continental Credit Union

990 • Fiscal year 2013 • EIN 36-0703155

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 05, 2014

Organization Profilewww.acmecontinentalcu.com

View Organization Page

13601 S Perry Avenue60827

(708) 849-3113

Siviq Scores

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

Liabilities / Assets

19th percentile

0.84x

Higher debt load relative to assets than 19% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

27th percentile

16.25x

Higher debt load relative to revenue than 27% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

57th percentile

7.8%

Higher net margin than 57% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

80th percentile

$121,008

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Asset Growth

39th percentile

0.7%

Faster asset growth than 39% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$44,364,102

Up $305,926 (+0.7%) from 2012

Net Assets

Up

$7,261,526

Up $177,310 (+2.5%) from 2012

Liabilities

Up

$37,102,576

Up $128,616 (+0.3%) from 2012

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin57th percentile

Revenue

$2,282,551

No earlier filing loaded for comparison.

Expenses

Down

$2,105,241

Down $293,855 (-12%) from 2012

Net Income

$177,310

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$60M$40M$20M$0Assets 2010: $45,938,042Liabilities 2010: $38,624,048Net Assets 2010: $7,313,9942010Assets 2011: $44,609,668Liabilities 2011: $37,570,919Net Assets 2011: $7,038,7492011Assets 2012: $44,058,176Liabilities 2012: $36,973,960Net Assets 2012: $7,084,2162012Assets 2013: $44,364,102Liabilities 2013: $37,102,576Net Assets 2013: $7,261,5262013Assets 2014: $43,285,002Liabilities 2014: $35,872,306Net Assets 2014: $7,412,6962014Assets 2015: $43,914,756Liabilities 2015: $36,192,893Net Assets 2015: $7,721,8632015Assets 2016: $44,328,847Liabilities 2016: $36,378,069Net Assets 2016: $7,950,7782016Assets 2017: $44,614,066Liabilities 2017: $36,473,041Net Assets 2017: $8,141,0252017Assets 2018: $44,966,702Liabilities 2018: $36,589,187Net Assets 2018: $8,377,5152018Assets 2019: $44,977,466Liabilities 2019: $36,405,106Net Assets 2019: $8,572,3602019Assets 2020: $54,055,711Liabilities 2020: $44,097,625Net Assets 2020: $9,958,0862020Assets 2021: $58,234,209Liabilities 2021: $47,949,142Net Assets 2021: $10,285,0672021Assets 2022: $57,389,469Liabilities 2022: $46,995,030Net Assets 2022: $10,394,4392022Assets 2023: $55,504,663Liabilities 2023: $45,028,251Net Assets 2023: $10,476,4122023Assets 2024: $54,212,693Liabilities 2024: $43,659,781Net Assets 2024: $10,552,9122024

Highlighted filing

2013

Assets$44,364,102
Liabilities$37,102,576
Net Assets$7,261,526
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Expenses 2010: $2,926,5862010Expenses 2011: $2,873,2352011Expenses 2012: $2,399,0962012Revenue 2013: $2,282,551Expenses 2013: $2,105,241Net Income 2013: $177,3102013Revenue 2014: $2,306,888Expenses 2014: $2,155,718Net Income 2014: $151,1702014Revenue 2015: $2,233,943Expenses 2015: $1,924,776Net Income 2015: $309,1672015Revenue 2016: $2,213,500Expenses 2016: $1,984,585Net Income 2016: $228,9152016Revenue 2017: $2,184,741Expenses 2017: $1,994,494Net Income 2017: $190,2472017Revenue 2018: $2,312,699Expenses 2018: $2,076,209Net Income 2018: $236,4902018Revenue 2019: $2,370,471Expenses 2019: $2,175,626Net Income 2019: $194,8452019Revenue 2020: $2,181,763Expenses 2020: $2,082,155Net Income 2020: $99,6082020Revenue 2021: $2,445,541Expenses 2021: $2,118,560Net Income 2021: $326,9812021Revenue 2022: $2,260,775Expenses 2022: $2,151,403Net Income 2022: $109,3722022Revenue 2023: $2,454,161Expenses 2023: $2,297,188Net Income 2023: $156,9732023Revenue 2024: $2,435,053Expenses 2024: $2,358,554Net Income 2024: $76,4992024

Highlighted filing

2013

Revenue$2,282,551
Expenses$2,105,241
Net Income$177,310
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 5, 2014
Return Version
2013v3.0
Gross Receipts
$2,282,551
Mission and Program Overview

Mission

Illinois state chartered credit union operated for the mutual benefit of its members. The Credit Union makes loans to members and pays dividends to members with share deposits at a competetive rate of interest.

Illinois state chartered credit union operated for the mutual benefit of its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,744,439$20,205,469▼ $538,970
Investments in Publicly Traded Securities$18,435,776$20,042,923▲ $1,607,147
Rtn Earn Endowment Incm Other Fnds$7,084,216$7,261,526▲ $177,310
Savings and Temporary Cash Investments$3,305,927$2,678,044▼ $627,883
Cash and Non-Interest-Bearing Accounts$420,731$373,796▼ $46,935
Investments Other Securities$362,908$357,201▼ $5,707
Land, Buildings, and Equipment, Net$351,682$318,409▼ $33,273
Accounts Receivable$209,780$189,899▼ $19,881
Prepaid Expenses and Deferred Charges$108,060$91,450▼ $16,610
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$44,058,176$44,364,102▲ $305,926
Other Assets Total$118,873$106,911▼ $11,962
Liabilities
Other Liabilities$35,942,432$36,080,914▲ $138,482
Accounts Payable and Accrued Expenses$1,031,528$1,021,662▼ $9,866
Total Liabilities$36,973,960$37,102,576▲ $128,616
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,084,216$7,261,526▲ $177,310
Total Liabilities and Net Assets / Fund Balance$44,058,176$44,364,102▲ $305,926

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$468,874$468,874
Other Land Buildings$40,883$299,751$340,634
Land$277,526-$277,526
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DuffyPresident & TreasurerFT$98,792$22,216$121,008
Karla J KovalVice President & SecretaryFT$68,339$9,097$77,436

Board Members and Trustees

NameTitle
Donald BischofChairperson
Lori OchmannVice Chairperson
Althea MooreDirector
Carl LuftDirector
Gillie BealDirector
Julie CochraneDirector
Keith ShaversDirector
Michele ErnstDirector
Wendy LynnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,018,490
Investment Income
$264,061
Other Revenue
$0
Change in Net Assets
$177,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,284,383
Salaries, Compensation, and Employee Benefits$820,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$440,959
Office Expenses---$206,322
Current Officers, Directors, Trustees, and Key Employees---$195,444
Information Technology---$168,227
Occupancy---$139,386
Other Employee Benefits---$125,851
Fees for Services Other---$123,341
Payroll Taxes---$47,182
Conferences and Meetings---$38,969
Fees for Services Accounting---$38,046
Insurance---$34,656
Depreciation Depletion---$30,293
Other Expenses---$29,134
All Other Expenses---$28,813
Advertising---$11,648
Pension Plan Contributions---$11,422
Interest---$11
Total Functional Expenses$0$0$0$2,105,241
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
Member shares$36,080,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Membership consists of individuals with funds on deposit with the Credit Union.”

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

“Members participate in the annual election of the Board of Directors.”

Form 990, Part VI, Section B, line 11

“The Form 990 was reviewed and approved by the Treasurer and Secretary of the Credit Union. A copy of the return was provided to the Board of Directors prior to filing.”

Form 990, Part VI, Section B, line 15

“Compensation for the Credit Union's officers is determined by the independent voting members of the Board of Directors. The annual CUNA salary survey is consulted in determining salary. Key employees salary is determined by the Treasurer and Secretary of the Credit Union with guidance from the CUNA Salary Survey.”

Form 990, Part VI, Section C, line 19

“The Credit Union makes its financial statements available through form 5300 which is posted on the ncua.gov website.”

Filing and Contact Details

Filer

EIN
36-0703155
Phone
7088493113

Signing Officer

Name
Karla J Koval
Title
Vice President & Secretary
Phone
7088493113
Signed
2014-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla J Koval
Formed
1937
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
16
Volunteers
9

Preparer

Preparer
Hugh J Ahern
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Page 3, #12

“The statement of financial condition of Acme Continental Credit Union as of March 31, 2013 and the related statements of income, members' equity and cash flows for the year then ended were audited in accordance with auditing standards generally accepted in the United States of America.”

Raw XML Appendix368 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1339920
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit Union pays out dividends to its members on share deposit accounts at a market rate of interest. Total number of share accounts at 12/31/13 is 9,372 in the amount of $36,080,914.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0297277
IRS990/PYOtherExpensesAmt01592500
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02147286
IRS990/PYRevenuesLessExpensesAmt045467
IRS990/PYSalariesCompEmpBnftPaidAmt0806596
IRS990/PYTotalExpensesAmt02399096
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02444563
IRS990/ReconcilationRevenueExpnssAmt0177310
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07084216
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07261526
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03305927
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02678044
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0468874
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0468874
IRS990ScheduleD/LandGrp/BookValueAmt0277526
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0277526
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt040883
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0299751
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0340634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036080914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member shares
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0318409
IRS990ScheduleD/TotalLiabilityAmt036080914
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership consists of individuals with funds on deposit with the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members participate in the annual election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 was reviewed and approved by the Treasurer and Secretary of the Credit Union. A copy of the return was provided to the Board of Directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the Credit Union's officers is determined by the independent voting members of the Board of Directors. The annual CUNA salary survey is consulted in determining salary. Key employees salary is determined by the Treasurer and Secretary of the Credit Union with guidance from the CUNA Salary Survey.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Credit Union makes its financial statements available through form 5300 which is posted on the ncua.gov website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The statement of financial condition of Acme Continental Credit Union as of March 31, 2013 and the related statements of income, members' equity and cash flows for the year then ended were audited in accordance with auditing standards generally accepted in the United States of America.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IV, Page 3, #12
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt044058176
IRS990/TotalAssetsEOYAmt044364102
IRS990/TotalAssetsGrp/BOYAmt044058176
IRS990/TotalAssetsGrp/EOYAmt044364102
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/TotalAmt02105241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036973960
IRS990/TotalLiabilitiesEOYAmt037102576
IRS990/TotalLiabilitiesGrp/BOYAmt036973960
IRS990/TotalLiabilitiesGrp/EOYAmt037102576
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07084216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07261526
IRS990/TotalOtherCompensationAmt031313
IRS990/TotalProgramServiceRevenueAmt02018490
IRS990/TotalReportableCompFromOrgAmt0167131
IRS990/TotalRevenueGrp/ExclusionAmt0264061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02018490
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02282551
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt044058176
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt044364102
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1013601 S Perry Avenue
IRS990/USAddress/City0Riverdale
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode060827
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.acmecontinentalcu.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Karla J Koval
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President & Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum07088493113
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10Acme Continental Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0ACME
ReturnHeader/Filer/EIN0360703155
ReturnHeader/Filer/PhoneNum07088493113
ReturnHeader/Filer/USAddress/AddressLine1013601 S Perry Avenue
ReturnHeader/Filer/USAddress/City0Riverdale
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode060827
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1010827 S Western Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Hugh J Ahern
ReturnHeader/ReturnTs02014-11-05T08:13:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,364,102
Liabilities
$37,102,576
Net assets
$7,261,526
Revenue
$2,282,551
Expenses
$2,105,241
Net income
$177,310
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.2$43.7$10.6$2.44$2.36$0.08
2023Detailed filing. Detailed filing data is available for this year.$55.5$45.0$10.5$2.45$2.30$0.16
2022Detailed filing. Detailed filing data is available for this year.$57.4$47.0$10.4$2.26$2.15$0.11
2021Detailed filing. Detailed filing data is available for this year.$58.2$47.9$10.3$2.45$2.12$0.33
2020Detailed filing. Detailed filing data is available for this year.$54.1$44.1$9.96$2.18$2.08$0.10
2019Detailed filing. Detailed filing data is available for this year.$45.0$36.4$8.57$2.37$2.18$0.19
2018Detailed filing. Detailed filing data is available for this year.$45.0$36.6$8.38$2.31$2.08$0.24
2017Detailed filing. Detailed filing data is available for this year.$44.6$36.5$8.14$2.18$1.99$0.19
2016Detailed filing. Detailed filing data is available for this year.$44.3$36.4$7.95$2.21$1.98$0.23
2015Detailed filing. Detailed filing data is available for this year.$43.9$36.2$7.72$2.23$1.92$0.31
2014Detailed filing. Detailed filing data is available for this year.$43.3$35.9$7.41$2.31$2.16$0.15
2013Detailed filing. Detailed filing data is available for this year.$44.4$37.1$7.26$2.28$2.11$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.1$37.0$7.08$2.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.6$37.6$7.04$2.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$38.6$7.31$2.93