Civic Intelligence

Fox Valley Credit Union

EIN 36-0757152 • 501(c)14 • Aurora, IL

View Organization Page

Profile

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 competitive rate of interest.

575 N BroadwayAurora, IL 60505

www.foxvalleycu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.85x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

17.14x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

26th percentile

1.5%

Higher net margin than 26% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

23rd percentile

-4.1%

Faster asset growth than 23% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

11%

Faster revenue growth than 52% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$46,077,963

Down $1,612,156 (-3.4%) from 2023

Liabilities

Down

$39,298,688

Down $1,606,293 (-3.9%) from 2023

Net Assets

Down

$6,779,275

Down $5,863 (-0.1%) from 2023

Operations
Liabilities / Revenue48th percentileNet Margin26th percentile

Revenue

Up

$2,293,284

Up $228,038 (+11%) from 2023

Expenses

Up

$2,259,289

Up $324,283 (+17%) from 2023

Net Income

Down

$33,995

Down $96,245 (-74%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $19,738,553Liabilities 2010: $16,556,202Net Assets 2010: $3,182,3512010Assets 2011: $18,897,091Liabilities 2011: $15,962,847Net Assets 2011: $2,934,2442011Assets 2012: $19,065,444Liabilities 2012: $16,366,993Net Assets 2012: $2,698,4512012Assets 2013: $19,414,506Liabilities 2013: $16,682,936Net Assets 2013: $2,731,5702013Assets 2014: $19,448,158Liabilities 2014: $16,710,994Net Assets 2014: $2,737,1642014Assets 2015: $20,182,441Liabilities 2015: $17,434,224Net Assets 2015: $2,748,2172015Assets 2016: $19,714,166Liabilities 2016: $16,935,366Net Assets 2016: $2,778,8002016Assets 2017: $19,077,377Liabilities 2017: $16,698,634Net Assets 2017: $2,378,7432017Assets 2018: $27,005,867Liabilities 2018: $23,956,194Net Assets 2018: $3,049,6732018Assets 2019: $45,081,562Liabilities 2019: $38,493,543Net Assets 2019: $6,588,0192019Assets 2020: $49,418,921Liabilities 2020: $42,943,008Net Assets 2020: $6,475,9132020Assets 2021: $50,847,657Liabilities 2021: $44,225,706Net Assets 2021: $6,621,9512021Assets 2022: $50,084,361Liabilities 2022: $43,406,545Net Assets 2022: $6,677,8162022Assets 2023: $47,690,119Liabilities 2023: $40,904,981Net Assets 2023: $6,785,1382023Assets 2024: $46,077,963Liabilities 2024: $39,298,688Net Assets 2024: $6,779,2752024

Highlighted filing

2024

Assets$46,077,963
Liabilities$39,298,688
Net Assets$6,779,275
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,341,7772010Expenses 2011: $1,141,8102011Expenses 2012: $1,059,3652012Revenue 2013: $820,294Expenses 2013: $777,972Net Income 2013: $42,3222013Revenue 2014: $890,297Expenses 2014: $884,700Net Income 2014: $5,5972014Revenue 2015: $826,920Expenses 2015: $815,867Net Income 2015: $11,0532015Revenue 2016: $833,279Expenses 2016: $802,696Net Income 2016: $30,5832016Revenue 2017: $810,526Expenses 2017: $1,210,583Net Income 2017: -$400,0572017Revenue 2018: $882,975Expenses 2018: $871,464Net Income 2018: $11,5112018Revenue 2019: $1,714,254Expenses 2019: $1,677,899Net Income 2019: $36,3552019Revenue 2020: $1,635,298Expenses 2020: $1,762,889Net Income 2020: -$127,5912020Revenue 2021: $1,896,760Expenses 2021: $1,676,700Net Income 2021: $220,0602021Revenue 2022: $1,865,997Expenses 2022: $1,599,454Net Income 2022: $266,5432022Revenue 2023: $2,065,246Expenses 2023: $1,935,006Net Income 2023: $130,2402023Revenue 2024: $2,293,284Expenses 2024: $2,259,289Net Income 2024: $33,9952024

Highlighted filing

2024

Revenue$2,293,284
Expenses$2,259,289
Net Income$33,995
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$46,077,963
Liabilities
$39,298,688
Net assets
$6,779,275
Revenue
$2,293,284
Expenses
$2,259,289
Net income
$33,995
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.1$39.3$6.78$2.29$2.26$0.03
2023Detailed filing. Detailed filing data is available for this year.$47.7$40.9$6.79$2.07$1.94$0.13
2022Detailed filing. Detailed filing data is available for this year.$50.1$43.4$6.68$1.87$1.60$0.27
2021Detailed filing. Detailed filing data is available for this year.$50.8$44.2$6.62$1.90$1.68$0.22
2020Detailed filing. Detailed filing data is available for this year.$49.4$42.9$6.48$1.64$1.76$0.13
2019Detailed filing. Detailed filing data is available for this year.$45.1$38.5$6.59$1.71$1.68$0.04
2018Detailed filing. Detailed filing data is available for this year.$27.0$24.0$3.05$0.88$0.87$0.01
2017Detailed filing. Detailed filing data is available for this year.$19.1$16.7$2.38$0.81$1.21$0.40
2016Detailed filing. Detailed filing data is available for this year.$19.7$16.9$2.78$0.83$0.80$0.03
2015Detailed filing. Detailed filing data is available for this year.$20.2$17.4$2.75$0.83$0.82$0.01
2014Detailed filing. Detailed filing data is available for this year.$19.4$16.7$2.74$0.89$0.88$0.01
2013Detailed filing. Detailed filing data is available for this year.$19.4$16.7$2.73$0.82$0.78$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$16.4$2.70$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$16.0$2.93$1.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$16.6$3.18$1.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$2,293,284
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 offering financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,526,079$25,670,426▼ $855,653
Other Notes and Loans Receivable, Net$18,863,999$17,127,713▼ $1,736,286
Rtn Earn Endowment Incm Other Fnds$6,785,138$6,779,275▼ $5,863
Savings and Temporary Cash Investments$212,632$1,296,274▲ $1,083,642
Cash and Non-Interest-Bearing Accounts$870,370$759,526▼ $110,844
Land, Buildings, and Equipment, Net$278,692$354,273▲ $75,581
Prepaid Expenses and Deferred Charges$163,550$151,784▼ $11,766
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$47,690,119$46,077,963▼ $1,612,156
Other Assets Total$774,797$717,967▼ $56,830
Liabilities
Other Liabilities$40,077,774$39,107,148▼ $970,626
Accounts Payable and Accrued Expenses$827,207$191,540▼ $635,667
Total Liabilities$40,904,981$39,298,688▼ $1,606,293
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,785,138$6,779,275▼ $5,863
Total Liabilities and Net Assets / Fund Balance$47,690,119$46,077,963▼ $1,612,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$101,392$235,668$337,060
Buildings$111,364$218,690$330,054
Land$141,517-$141,517
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kyle B WhelanPresident/CEOFT$107,200$27,530$134,730

Board Members and Trustees

NameTitle
Michelle MeyerChairman
Durrell WilliamsVice Chairman
Bobby MitchellDirector
Dave DolderDirector
Gerard NickelsDirector
Jim WeissDirector
Judith JarvisDirector
Mark LyonsDirector
Elizabeth JarvisSecretary
Robin LambTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,416,916
Investment Income
$876,368
Other Revenue
$0
Change in Net Assets
$33,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,293,284
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-39,858
Total Revenue per Audited Statements
$2,253,426
Total Revenue per Form 990
$2,293,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,508,164
Salaries, Compensation, and Employee Benefits$751,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$529,031
Occupancy---$166,193
Current Officers, Directors, Trustees, and Key Employees---$134,730
Other Expenses---$129,342
Office Expenses---$118,394
Information Technology---$114,818
Payroll Taxes---$55,761
Depreciation Depletion---$44,817
Advertising---$42,518
Insurance---$41,233
All Other Expenses---$40,304
Other Employee Benefits---$30,403
Fees for Services Accounting---$13,136
Fees for Services Other---$7,777
Travel---$5,721
Interest---$5,432
Pension Plan Contributions---$1,200
Total Functional Expenses$0$0$0$2,259,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,259,289
Total Expenses per Audited Statements$2,259,289
Total Expenses per Form 990$2,259,289
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Members' share and savings accounts$39,072,318
Lease liability$34,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Judith Jarvis and Elizabeth Jarvis are both on the Board of Directors and are sisters.”

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

“The membership participates in the annual election of the Board of Directors.”

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

“Members have a vote on a Credit Union merger or liquidation.”

Form 990, Part VI, Section B, line 11B

“The Form 990 was reviewed by Senior Management and the Board of Directors.”

Form 990, Part VI, Section B, line 12C

“Potential conflicts monitored quarterly by the Supervisory Committee.”

Form 990, Part VI, Section B, line 15

“Compensation of the CEO and Vice President is reviewed annually by an independent committee using comparability data and CUNA salary guidelines.”

Form 990, Part VI, Section C, line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Fox Valley Credit Union
EIN
36-0757152
Phone
6308592276
Address
575 N Broadway, Aurora, IL 60505

Signing Officer

Name
Kyle B Whelan
Title
President/CEO
Phone
6308592276
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle B Whelan
Formed
1936
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
12
Volunteers
10

Preparer

Firm
Eifel Rambo Advisory Group Ltd
Address
20635 Abbey Woods Ct Suite 301, Frankfort, IL 60423
Preparer
Matt Beckley
Phone
7086282365
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements Fox Valley Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2024 and 2023 that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination generally for three years after filing.”

Raw XML Appendix394 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0827207
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0191540
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Illinois state chartered credit union offering financial services to its members.
IRS990/AdvertisingGrp/TotalAmt042518
IRS990/AllOtherExpensesGrp/TotalAmt040304
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Kyle B Whelan
IRS990/BooksInCareOfDetail/PhoneNum06308592276
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0575 North Broadway
IRS990/BooksInCareOfDetail/USAddress/CityNm0Aurora
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060505
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0870370
IRS990/CashNonInterestBearingGrp/EOYAmt0759526
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0134730
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0876368
IRS990/CYOtherExpensesAmt01508164
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01416916
IRS990/CYRevenuesLessExpensesAmt033995
IRS990/CYSalariesCompEmpBnftPaidAmt0751125
IRS990/CYTotalExpensesAmt02259289
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02293284
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt044817
IRS990/Desc0Credit Union makes and services consumer and real estate loans to members. The number of loans outstanding at 12/31/23 was 1,680 for a total of $18,863,999.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt013136
IRS990/FeesForServicesOtherGrp/TotalAmt07777
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1045.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1027530
IRS990/Form990PartVIISectionAGrp/PersonNm0Michelle Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm1Durrell Williams
IRS990/Form990PartVIISectionAGrp/PersonNm2Robin Lamb
IRS990/Form990PartVIISectionAGrp/PersonNm3Elizabeth Jarvis
IRS990/Form990PartVIISectionAGrp/PersonNm4Bobby Mitchell
IRS990/Form990PartVIISectionAGrp/PersonNm5Judith Jarvis
IRS990/Form990PartVIISectionAGrp/PersonNm6Gerard Nickels
IRS990/Form990PartVIISectionAGrp/PersonNm7Jim Weiss
IRS990/Form990PartVIISectionAGrp/PersonNm8Dave Dolder
IRS990/Form990PartVIISectionAGrp/PersonNm9Mark Lyons
IRS990/Form990PartVIISectionAGrp/PersonNm10Kyle B Whelan
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10107200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10President/CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02293284
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0114818
IRS990/InsuranceGrp/TotalAmt041233
IRS990/InterestGrp/TotalAmt05432
IRS990/InvestmentIncomeGrp/ExclusionAmt0876368
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0876368
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026526079
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025670426
IRS990/IRPDocumentCnt03491
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0454358
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0278692
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0354273
IRS990/LandBldgEquipCostOrOtherBssAmt0808631
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Illinois 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 competitive rate of interest.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06785138
IRS990/NetAssetsOrFundBalancesEOYAmt06779275
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-39858
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0166193
IRS990/OfficeExpensesGrp/TotalAmt0118394
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0774797
IRS990/OtherAssetsTotalGrp/EOYAmt0717967
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030403
IRS990/OtherExpensesGrp/Desc0Member dividends
IRS990/OtherExpensesGrp/Desc1Provision for loan loss
IRS990/OtherExpensesGrp/Desc2Operations
IRS990/OtherExpensesGrp/Desc3Loan servicing
IRS990/OtherExpensesGrp/TotalAmt0368068
IRS990/OtherExpensesGrp/TotalAmt1222883
IRS990/OtherExpensesGrp/TotalAmt2187528
IRS990/OtherExpensesGrp/TotalAmt3129342
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt040077774
IRS990/OtherLiabilitiesGrp/EOYAmt039107148
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherSalariesAndWagesGrp/TotalAmt0529031
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt018863999
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017127713
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt055761
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt01200
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0163550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0151784
IRS990/PrincipalOfficerNm0Kyle B Whelan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0Member Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01098414
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1318243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01098414
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1318502
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0259
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit Union pays out dividends to its members share deposit accounts at a market rate of interest. The number of share accounts at 12/31/23 was 6,134 for a total of $40,002,473.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0773177
IRS990/PYOtherExpensesAmt01272369
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01292069
IRS990/PYRevenuesLessExpensesAmt0130240
IRS990/PYSalariesCompEmpBnftPaidAmt0662637
IRS990/PYTotalExpensesAmt01935006
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02065246
IRS990/ReconcilationRevenueExpnssAmt033995
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06785138
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06779275
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212632
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01296274
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0111364
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0218690
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0330054
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101392
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0235668
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0337060
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02259289
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0141517
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0141517
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-39858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039072318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt134830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Members' share and savings accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease liability
IRS990ScheduleD/RevenueNotReportedAmt0-39858
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02293284
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements Fox Valley Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2024 and 2023 that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination generally for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0354273
IRS990ScheduleD/TotalExpensesPerForm990Amt02259289
IRS990ScheduleD/TotalLiabilityAmt039107148
IRS990ScheduleD/TotalRevenuePerForm990Amt02293284
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02253426
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02259289
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Judith Jarvis and Elizabeth Jarvis are both on the Board of Directors and are sisters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Membership consists of individuals with funds on deposit with the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The membership participates in the annual election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members have a vote on a Credit Union merger or liquidation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 was reviewed by Senior Management and the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Potential conflicts monitored quarterly by the Supervisory Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Compensation of the CEO and Vice President is reviewed annually by an independent committee using comparability data and CUNA salary guidelines.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt047690119
IRS990/TotalAssetsEOYAmt046077963
IRS990/TotalAssetsGrp/BOYAmt047690119
IRS990/TotalAssetsGrp/EOYAmt046077963
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt02259289
IRS990/TotalGrossUBIAmt0259
IRS990/TotalLiabilitiesBOYAmt040904981
IRS990/TotalLiabilitiesEOYAmt039298688
IRS990/TotalLiabilitiesGrp/BOYAmt040904981
IRS990/TotalLiabilitiesGrp/EOYAmt039298688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06785138
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06779275
IRS990/TotalOtherCompensationAmt027530
IRS990/TotalProgramServiceRevenueAmt01416916
IRS990/TotalReportableCompFromOrgAmt0107200
IRS990/TotalRevenueGrp/ExclusionAmt0876368
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01416657
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02293284
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0259
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047690119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt046077963
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05721
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0575 N Broadway
IRS990/USAddress/CityNm0Aurora
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060505
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.foxvalleycu.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Kyle B Whelan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06308592276
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fox Valley Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0FOXV
ReturnHeader/Filer/EIN0360757152
ReturnHeader/Filer/PhoneNum06308592276
ReturnHeader/Filer/USAddress/AddressLine1Txt0575 N Broadway
ReturnHeader/Filer/USAddress/CityNm0Aurora
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060505
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931743146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eifel Rambo Advisory Group Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020635 Abbey Woods Ct Suite 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Frankfort
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060423
ReturnHeader/PreparerPersonGrp/PhoneNum07086282365
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Matt Beckley
ReturnHeader/ReturnTs02025-11-14T15:53:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.