Civic Intelligence

Chicago Post Office Employees Credit Union

990 • Fiscal year 2015 • EIN 36-0903975

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 18, 2016

Organization Profilecpoecu.com

View Organization Page

10025 South Western AvenueChicago, IL 60643

(773) 881-2500

Siviq Scores

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

Liabilities / Assets

14th percentile

0.76x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

11th percentile

7.10x

Higher debt load relative to revenue than 11% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

14th percentile

-4.1%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

14th percentile

$20,113

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

26th percentile

-0.3%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-3.8%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$18,464,492

Down $49,532 (-0.3%) from 2014

Net Assets

Down

$4,520,345

Down $81,040 (-1.8%) from 2014

Liabilities

Up

$13,944,147

Up $31,508 (+0.2%) from 2014

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin14th percentile

Revenue

Down

$1,964,326

Down $76,821 (-3.8%) from 2014

Expenses

Up

$2,045,366

Up $167,288 (+8.9%) from 2014

Net Income

Down

-$81,040

Down $244,109 (-150%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$30M$20M$10M$0Assets 2010: $16,706,246Liabilities 2010: $13,256,691Net Assets 2010: $3,449,5552010Assets 2011: $16,762,488Liabilities 2011: $13,043,678Net Assets 2011: $3,718,8102011Assets 2012: $16,476,209Liabilities 2012: $12,242,051Net Assets 2012: $4,234,1582012Assets 2013: $17,291,733Liabilities 2013: $12,853,417Net Assets 2013: $4,438,3162013Assets 2014: $18,514,024Liabilities 2014: $13,912,639Net Assets 2014: $4,601,3852014Assets 2015: $18,464,492Liabilities 2015: $13,944,147Net Assets 2015: $4,520,3452015Assets 2016: $18,383,064Liabilities 2016: $13,751,903Net Assets 2016: $4,631,1612016Assets 2017: $18,917,074Liabilities 2017: $13,916,773Net Assets 2017: $5,000,3012017Assets 2018: $19,538,188Liabilities 2018: $14,306,014Net Assets 2018: $5,232,1742018Assets 2019: $20,284,592Liabilities 2019: $14,738,207Net Assets 2019: $5,546,3852019Assets 2020: $24,892,713Liabilities 2020: $19,249,964Net Assets 2020: $5,642,7492020Assets 2021: $28,563,820Liabilities 2021: $22,686,286Net Assets 2021: $5,877,5342021Assets 2022: $28,147,449Liabilities 2022: $22,050,693Net Assets 2022: $6,096,7562022Assets 2023: $28,142,645Liabilities 2023: $22,029,464Net Assets 2023: $6,113,1812023Assets 2024: $28,058,725Liabilities 2024: $22,104,746Net Assets 2024: $5,953,9792024

Highlighted filing

2015

Assets$18,464,492
Liabilities$13,944,147
Net Assets$4,520,345
Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,050,2682010Expenses 2011: $2,509,1502011Expenses 2012: $2,209,1892012Revenue 2013: $2,128,573Expenses 2013: $1,924,415Net Income 2013: $204,1582013Revenue 2014: $2,041,147Expenses 2014: $1,878,078Net Income 2014: $163,0692014Revenue 2015: $1,964,326Expenses 2015: $2,045,366Net Income 2015: -$81,0402015Revenue 2016: $1,896,682Expenses 2016: $1,785,866Net Income 2016: $110,8162016Revenue 2017: $1,988,712Expenses 2017: $1,619,572Net Income 2017: $369,1402017Revenue 2018: $2,040,852Expenses 2018: $1,808,979Net Income 2018: $231,8732018Revenue 2019: $2,100,547Expenses 2019: $1,786,336Net Income 2019: $314,2112019Revenue 2020: $1,827,289Expenses 2020: $1,740,925Net Income 2020: $86,3642020Revenue 2021: $2,063,503Expenses 2021: $1,828,718Net Income 2021: $234,7852021Revenue 2022: $2,341,735Expenses 2022: $2,122,513Net Income 2022: $219,2222022Revenue 2023: $2,598,097Expenses 2023: $2,281,672Net Income 2023: $316,4252023Revenue 2024: $2,694,815Expenses 2024: $2,504,017Net Income 2024: $190,7982024

Highlighted filing

2015

Revenue$1,964,326
Expenses$2,045,366
Net Income-$81,040
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 18, 2016
Return Version
2015v2.1
Gross Receipts
$1,964,326
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 savings deposits at a competative rate if interest.

To assist our members in the management of their financial well-being by providing loans , savings accounts and other financial institution services in a friendly and professional manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,930,329$9,252,227▼ $678,102
Rtn Earn Endowment Incm Other Fnds$4,601,385$4,520,345▼ $81,040
Investments in Publicly Traded Securities$4,595,990$4,194,940▼ $401,050
Savings and Temporary Cash Investments$2,466,797$3,114,710▲ $647,913
Cash and Non-Interest-Bearing Accounts$983,725$1,423,989▲ $440,264
Land, Buildings, and Equipment, Net$257,460$197,599▼ $59,861
Prepaid Expenses and Deferred Charges$61,421$43,068▼ $18,353
Investments Other Securities$40,212$40,212→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$18,514,024$18,464,492▼ $49,532
Other Assets Total$178,090$197,747▲ $19,657
Liabilities
Other Liabilities$13,643,749$13,603,684▼ $40,065
Accounts Payable and Accrued Expenses$268,890$340,463▲ $71,573
Total Liabilities$13,912,639$13,944,147▲ $31,508
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,601,385$4,520,345▼ $81,040
Total Liabilities and Net Assets / Fund Balance$18,514,024$18,464,492▼ $49,532

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,872$687,344$713,216
Leasehold Improvements$79,352$312,661$392,013
Buildings$49,536$203,173$252,709
Other Land Buildings$1,237$43,682$44,919
Land$41,602-$41,602
Other Securities$40,212--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert M Palumbo SrPresidentFT$15,793$4,320$20,113

Board Members and Trustees

NameTitle
Charles E MayChairman of the Board
Barbara J SingletonVice Chairman of the Board
Eddie T ToddDirector
Laneda R PittsDirector
Samuel AndersonDirector
Carol CookSecretary of the Board
Ervin GardnerTreasurer of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,920,126
Investment Income
$44,200
Other Revenue
$0
Change in Net Assets
$-81,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,964,326
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,964,326
Total Revenue per Form 990
$1,964,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,450,697
Salaries, Compensation, and Employee Benefits$594,669
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$418,480
Office Expenses---$311,588
Occupancy---$187,480
Information Technology---$123,084
Fees for Services Accounting---$105,672
Other Employee Benefits---$86,669
Depreciation Depletion---$70,870
Current Officers, Directors, Trustees, and Key Employees---$50,897
Other Expenses---$42,562
All Other Expenses---$41,107
Conferences and Meetings---$39,033
Payroll Taxes---$35,214
Insurance---$20,911
Advertising---$11,733
Pension Plan Contributions---$3,409
Total Functional Expenses$0$0$0$2,045,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,045,366
Total Expenses per Audited Statements$2,045,366
Total Expenses per Form 990$2,045,366
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Member Deposits$13,603,684
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
No
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. The credit union had 4,893 members at december 31 2015”

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

“The membership elects the board of directors annually at an annual meeting held for that purpose.”

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

“The form 990 is reviewed by the president and finance manager of the credit union. Prior to filing. The form 990 is provided to the board of directors for review.”

Form 990, Part VI, Section B, Line 15

“The credit union maintains a competative market compensation program for the president, officers and key employees. The program is reviewed annually and adjustments are relative to the credit union national association and illinois credit union league's annual salary compensation guide. Compensation adjustments are based on the competative market, employment history and experience.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are maintained in the main office and at the branch office and available upon request.”

Filing and Contact Details

Filer

Filer Name
Chicago Post Office Employees Credit Union
EIN
36-0903975
Phone
7738812500
Address
10025 SOUTH WESTERN AVENUE, CHICAGO, IL 60643

Signing Officer

Name
Robert M Palumbo Sr
Title
President
Phone
7738812500
Signed
2016-04-18

Organization Details

Principal Officer
Robert M Palumbo Sr
Formed
1928
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
14
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“FIN 48 NOTE FROM AUDITED FINANCIAL STATEMENTS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (c)(14) AND STATE INCOME TAXES. THE TAX EXEMPT PURPOSE OF THE CREDIT UNION AND THE NATURE IN WHICH IT OPERATES IS DESCRIBED IN THE NOTE 1. MANAGEMENT BELIEVES THE CREDIT UNION CONTINUES TO OPERATE IN COMPLIANCE WITH ITS TAX EXEMPT PURPOSE. THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME IN 2015 OR 2014 THAT MANAGEMENT BELIEVES IS SUBJECT TO TAXATION. THE CREDIT UNION'S 2012 THROUGH 2015 ANNUAL INFORMATION RETURNS ARE OPEN TO EXAMINATION.”

Raw XML AppendixShowing 400 of 411 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/Form990PartVIISectionAGrp/TitleTxt3TREASURER OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
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IRS990/OtherExpensesGrp/TotalAmt342562
IRS990/OtherLiabilitiesGrp/BOYAmt013643749
IRS990/OtherLiabilitiesGrp/EOYAmt013603684
IRS990/OtherOrganizationDsc0COOPERATIVE
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0418480
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09930329
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09252227
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt035214
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt03409
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061421
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043068
IRS990/PrincipalOfficerNm0ROBERT M PALUMBO SR
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOANS TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01142002
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1778124
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01142002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1778124
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0RECEIVED DEPOSITS ON SAVINGS FROM 4,893 MEMBERS. PAID OUT DIVIDENDS TO ITS MEMBERS AT A MARKET RATE OF INTEREST ON $13,603,684 OF TOTAL SAVINGS AT DECEMBER 2015
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDED CHECKING ACCOUNT AND OVERDRAFT SERVICES TO 1,364 MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYInvestmentIncomeAmt040914
IRS990/PYOtherExpensesAmt01257370
IRS990/PYProgramServiceRevenueAmt02000233
IRS990/PYRevenuesLessExpensesAmt0163069
IRS990/PYSalariesCompEmpBnftPaidAmt0620708
IRS990/PYTotalExpensesAmt01878078
IRS990/PYTotalRevenueAmt02041147
IRS990/ReconcilationRevenueExpnssAmt0-81040
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04601385
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04520345
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02466797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03114710
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt049536
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0203173
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252709
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt025872
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0687344
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0713216
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02045366
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt041602
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041602
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079352
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0312661
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0392013
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01237
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043682
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt044919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013603684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt040212
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PERMANENT CAPITAL SHARES ALLOYA FCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01964326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 NOTE FROM AUDITED FINANCIAL STATEMENTS THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (c)(14) AND STATE INCOME TAXES. THE TAX EXEMPT PURPOSE OF THE CREDIT UNION AND THE NATURE IN WHICH IT OPERATES IS DESCRIBED IN THE NOTE 1. MANAGEMENT BELIEVES THE CREDIT UNION CONTINUES TO OPERATE IN COMPLIANCE WITH ITS TAX EXEMPT PURPOSE. THE CREDIT UNION HAS NO UNRELATED BUSINESS INCOME IN 2015 OR 2014 THAT MANAGEMENT BELIEVES IS SUBJECT TO TAXATION. THE CREDIT UNION'S 2012 THROUGH 2015 ANNUAL INFORMATION RETURNS ARE OPEN TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197599
IRS990ScheduleD/TotalBookValueSecuritiesAmt040212
IRS990ScheduleD/TotalExpensesPerForm990Amt02045366
IRS990ScheduleD/TotalLiabilityAmt013603684
IRS990ScheduleD/TotalRevenuePerForm990Amt01964326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01964326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02045366
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP CONSISTS OF INDIVIDUALS WITH FUNDS ON DEPOSIT WITH THE CREDIT UNION. THE CREDIT UNION HAD 4,893 MEMBERS AT DECEMBER 31 2015
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS ANNUALLY AT AN ANNUAL MEETING HELD FOR THAT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE PRESIDENT AND FINANCE MANAGER OF THE CREDIT UNION. PRIOR TO FILING. THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION MAINTAINS A COMPETATIVE MARKET COMPENSATION PROGRAM FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES. THE PROGRAM IS REVIEWED ANNUALLY AND ADJUSTMENTS ARE RELATIVE TO THE CREDIT UNION NATIONAL ASSOCIATION AND ILLINOIS CREDIT UNION LEAGUE'S ANNUAL SALARY COMPENSATION GUIDE. COMPENSATION ADJUSTMENTS ARE BASED ON THE COMPETATIVE MARKET, EMPLOYMENT HISTORY AND EXPERIENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE MAIN OFFICE AND AT THE BRANCH OFFICE AND AVAILABLE UPON REQUEST.
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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018514024
IRS990/TotalAssetsEOYAmt018464492
IRS990/TotalAssetsGrp/BOYAmt018514024
IRS990/TotalAssetsGrp/EOYAmt018464492
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02045366
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013912639
IRS990/TotalLiabilitiesEOYAmt013944147
IRS990/TotalLiabilitiesGrp/BOYAmt013912639
IRS990/TotalLiabilitiesGrp/EOYAmt013944147
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04601385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04520345
IRS990/TotalOtherCompensationAmt04320
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01920126
IRS990/TotalReportableCompFromOrgAmt015793
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01964326
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01964326
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018514024
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018464492
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010025 SOUTH WESTERN AVENUE
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060137
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0cpoecu.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert M Palumbo Sr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07738812500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHICAGO POST OFFICE EMPLOYEES CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CHIC

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,464,492
Liabilities
$13,944,147
Net assets
$4,520,345
Revenue
$1,964,326
Expenses
$2,045,366
Net income
-$81,040
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.1$22.1$5.95$2.69$2.50$0.19
2023Detailed filing. Detailed filing data is available for this year.$28.1$22.0$6.11$2.60$2.28$0.32
2022Detailed filing. Detailed filing data is available for this year.$28.1$22.1$6.10$2.34$2.12$0.22
2021Detailed filing. Detailed filing data is available for this year.$28.6$22.7$5.88$2.06$1.83$0.23
2020Detailed filing. Detailed filing data is available for this year.$24.9$19.2$5.64$1.83$1.74$0.09
2019Detailed filing. Detailed filing data is available for this year.$20.3$14.7$5.55$2.10$1.79$0.31
2018Detailed filing. Detailed filing data is available for this year.$19.5$14.3$5.23$2.04$1.81$0.23
2017Detailed filing. Detailed filing data is available for this year.$18.9$13.9$5.00$1.99$1.62$0.37
2016Detailed filing. Detailed filing data is available for this year.$18.4$13.8$4.63$1.90$1.79$0.11
2015Detailed filing. Detailed filing data is available for this year.$18.5$13.9$4.52$1.96$2.05$0.08
2014Detailed filing. Detailed filing data is available for this year.$18.5$13.9$4.60$2.04$1.88$0.16
2013Detailed filing. Detailed filing data is available for this year.$17.3$12.9$4.44$2.13$1.92$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$12.2$4.23$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.8$13.0$3.72$2.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$13.3$3.45$3.05