Civic Intelligence

Great Lakes Credit Union

990 • Fiscal year 2018 • EIN 36-1163912

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

2111 Waukegan RoadBannockburn, IL 60015

(847) 578-7000

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

18.14x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Net Margin

3rd percentile

1.6%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

46th percentile

$390,441

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2018

Asset Growth

80th percentile

8.0%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

3.3%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$860,514,440

Up $63,789,963 (+8.0%) from 2017

Net Assets

Up

$73,159,400

Up $512,791 (+0.7%) from 2017

Liabilities

Up

$787,355,040

Up $63,277,172 (+8.7%) from 2017

Revenue

Up

$43,394,934

Up $1,367,449 (+3.3%) from 2017

Expenses

Up

$42,703,211

Up $2,861,071 (+7.2%) from 2017

Net Income

Down

$691,723

Down $1,493,622 (-68%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0Assets 2010: $521,560,830Liabilities 2010: $468,274,841Net Assets 2010: $53,285,9892010Assets 2011: $544,186,190Liabilities 2011: $486,912,339Net Assets 2011: $57,273,8512011Assets 2012: $525,732,943Liabilities 2012: $468,484,081Net Assets 2012: $57,248,8622012Assets 2013: $643,753,161Liabilities 2013: $583,836,464Net Assets 2013: $59,916,6972013Assets 2014: $639,824,290Liabilities 2014: $577,349,621Net Assets 2014: $62,474,6692014Assets 2015: $719,627,155Liabilities 2015: $650,245,048Net Assets 2015: $69,382,1072015Assets 2016: $767,316,538Liabilities 2016: $696,382,876Net Assets 2016: $70,933,6622016Assets 2017: $796,724,477Liabilities 2017: $724,077,868Net Assets 2017: $72,646,6092017Assets 2018: $860,514,440Liabilities 2018: $787,355,040Net Assets 2018: $73,159,4002018Assets 2019: $883,772,298Liabilities 2019: $804,189,731Net Assets 2019: $79,582,5672019Assets 2020: $1,027,627,838Liabilities 2020: $939,159,649Net Assets 2020: $88,468,1892020Assets 2021: $1,045,676,236Liabilities 2021: $944,722,018Net Assets 2021: $100,954,2182021Assets 2022: $1,341,546,042Liabilities 2022: $1,245,630,336Net Assets 2022: $95,915,7062022Assets 2023: $1,313,509,604Liabilities 2023: $1,221,676,485Net Assets 2023: $91,833,1192023Assets 2024: $1,481,537,874Liabilities 2024: $1,385,759,569Net Assets 2024: $95,778,3052024

Highlighted filing

2018

Assets$860,514,440
Liabilities$787,355,040
Net Assets$73,159,400

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $29,663,7392010Expenses 2011: $28,268,2062011Expenses 2012: $27,628,7172012Revenue 2013: $31,895,335Expenses 2013: $31,197,102Net Income 2013: $698,2332013Revenue 2014: $32,168,105Expenses 2014: $30,553,476Net Income 2014: $1,614,6292014Revenue 2015: $33,087,410Expenses 2015: $31,803,691Net Income 2015: $1,283,7192015Revenue 2016: $38,542,487Expenses 2016: $36,864,902Net Income 2016: $1,677,5852016Revenue 2017: $42,027,485Expenses 2017: $39,842,140Net Income 2017: $2,185,3452017Revenue 2018: $43,394,934Expenses 2018: $42,703,211Net Income 2018: $691,7232018Revenue 2019: $47,845,545Expenses 2019: $43,742,192Net Income 2019: $4,103,3532019Revenue 2020: $49,088,626Expenses 2020: $43,178,553Net Income 2020: $5,910,0732020Revenue 2021: $50,981,092Expenses 2021: $34,186,973Net Income 2021: $16,794,1192021Revenue 2022: $54,056,794Expenses 2022: $44,878,605Net Income 2022: $9,178,1892022Revenue 2023: $64,760,572Expenses 2023: $62,052,965Net Income 2023: $2,707,6072023Revenue 2024: $80,666,017Expenses 2024: $83,814,042Net Income 2024: -$3,148,0252024

Highlighted filing

2018

Revenue$43,394,934
Expenses$42,703,211
Net Income$691,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$43,842,296
Mission and Program Overview

Mission

The primary exempt purpose of great lakes credit union (glcu) is to provide loans, savings accounts, and other financial services that promote the financial prosperity of our 84,211 members.

The primary exempt purpose of great lakes credit union (glcu) is to provide loans, savings accounts, and other financial services that promote the financial prosperity of our 81,775 members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$593,798,197$642,682,971▲ $48,884,774
Investments in Publicly Traded Securities$90,380,242$108,080,609▲ $17,700,367
Rtn Earn Endowment Incm Other Fnds$72,646,609$73,159,400▲ $512,791
Cash and Non-Interest-Bearing Accounts$39,522,612$35,559,118▼ $3,963,494
Land, Buildings, and Equipment, Net$27,514,869$25,430,702▼ $2,084,167
Savings and Temporary Cash Investments$11,611,979$13,745,097▲ $2,133,118
Investments Other Securities$3,436,023$5,902,452▲ $2,466,429
Receivables From Officers Etc$2,265,416$2,320,802▲ $55,386
Prepaid Expenses and Deferred Charges$832,283$1,041,579▲ $209,296
Intangible Assets$1,178,667$847,238▼ $331,429
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$796,724,477$860,514,440▲ $63,789,963
Other Assets Total$26,184,189$24,903,872▼ $1,280,317
Liabilities
Other Liabilities$651,417,429$667,109,080▲ $15,691,651
Mortgage Notes Payable Secured by Investment Property$63,636,068$111,125,818▲ $47,489,750
Escrow Account Liability$4,545,129$4,788,484▲ $243,355
Accounts Payable and Accrued Expenses$4,479,242$4,331,658▼ $147,584
Total Liabilities$724,077,868$787,355,040▲ $63,277,172
Net Assets / Fund Balance
Total Net Assets Fund Balance$72,646,609$73,159,400▲ $512,791
Total Liabilities and Net Assets / Fund Balance$796,724,477$860,514,440▲ $63,789,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,602,738$10,773,790$22,376,528
Equipment$2,727,784$12,083,280$14,811,064
Land$10,149,259-$9,721,566
Other Land Buildings$950,921$383,028$1,333,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Evp - Chief Financial OfficerFT$286,681$103,760$390,441
-CHIEF TECHNOLOGY & MEMBER SERVICE OFFICER (Partial year)FT$204,656$156,404$361,060
-President/CEO (began 5/21/18)FT$190,922$106,424$297,346
-Chief Lending & Operations OfficerFT$199,169$28,734$227,903
-VP, Commercial LendingFT$165,880$24,901$190,781
-VP, Human Resources and Organizational DevelopmentFT$160,839$26,786$187,625
-VP, Residential LendingFT$121,379$56,103$177,482
-General CounselFT$145,247$27,800$173,047
-Chief Lending OfficerFT$157,638$9,419$167,057

Board Members and Trustees

NameTitle
-Chair
-Vice Chair
-Director
-DIRECTOR (partial year)
-Secretary
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lenderlive Network LLCMortgage Services710 South Ash St, Ste 200, Glendale, CO 80246$734,091
Jack Henry & Associates INCSoftwarePO BOX 609, Monett, MO 65708$709,328
Paragon Micro IncIT Services2 Corporate Dr 105, Lake Zurich, IL 60047$269,891
DoximSoftware747 E Whitcomb Avenue, Madison Heights, MI 48071$269,581
Efraim Carlson and Son IncContractor Services14052 Petronella Drive, Libertyville, IL 60048-9512$219,421
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,194,365
Investment Income
$3,170,569
Other Revenue
$30,000
Change in Net Assets
$691,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,374,610
Revenue Not Reported on Financial Statements
$20,324
Revenue Not Reported on Form 990
$-199,256
Other Revenue Adjustments
$20,324
Total Revenue per Audited Statements
$43,175,354
Total Revenue per Form 990
$43,394,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,987,936
Salaries, Compensation, and Employee Benefits$16,709,275
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$12,478,536
Interest---$5,561,391
Fees for Services Other$0$0$0$3,804,225
Depreciation Depletion---$2,972,154
All Other Expenses$0$0$0$1,898,822
Other Employee Benefits---$1,517,744
Occupancy---$1,506,022
Current Officers, Directors, Trustees, and Key Employees---$1,276,750
Office Expenses---$1,189,915
Information Technology---$1,075,530
Payroll Taxes---$1,046,383
Advertising---$537,054
Pension Plan Contributions---$389,862
Conferences and Meetings---$389,446
Fees for Services Legal---$348,515
Fees for Services Accounting---$298,000
Other Expenses---$190,582
Insurance---$172,840
Fees for Service Investment Mgmnt Fees---$31,138
Grants to Domestic Individuals---$6,000
Total Functional Expenses$0$0$0$42,703,211

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,703,211
Total Expenses per Audited Statements$42,703,211
Total Expenses per Form 990$42,703,211
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
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,500
Total Exempt Function Spending$2,500

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$2,500
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,265,416$2,320,802▲ $55,386
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$667,109,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

KAMIL SAKICI and Erica Gorman - Business relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

All members of great lakes credit union are given one vote in elections without preference to the amount of funds they have on deposit with the credit union.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Great lakes credit union is a member owned cooperative business organization, governed by a ten member board of directors. The board is comprised of active members of the credit union who are selected by the membership through a democratic election process.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization's management reviews the form 990 in detail with their paid tax preparers. Subsequent to this review, a full copy of the form 990 is provided to all members of the governing body during the organization's board meeting prior to filing with the irs. Any board members not present at this board meeting are sent a paper or electronic copy of the form 990 prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

The organization's officers, directors, trustees, and key employees are required to annually disclose any actual or potential conflicts of interest they may have with the organization. The evp-cfo reviews each policy statement signed by these individuals to determine if any conflicts exist and need to be brought to the attention of the board. If a conflict arises, the respective board member will abstain from any related discussion, vote or similar action on the matter.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Glcu used smith & wilkson along with using external salary data from cues. The board reviews president/ceo data for determining compensation and president/ceo executive survey data for executive salary determination. The process was last undergone in 2018, and was documented in board minutes.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

To determine the compensation for organizational officers and other key employees, glcu uses compease for job leveling and salary surveys for comparable positions at similar organizations. The board reviews the data for salary determination. This process was last undergone in 2018, and was documented in board minutes.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Great Lakes Credit Union
EIN
36-1163912
Phone
8475787000
Address
2111 Waukegan Road, Bannockburn, IL 60015

Signing Officer

Name
Kamil Sakici
Title
Evp/CFO
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1938
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
298
Volunteers
9

Preparer

Firm
Crowe Llp
Address
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Nicole Bencik
Phone
3128997000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Reclassification adjustment for amortization of prior service cost and net gain included in net income - 20324;

Financial Statement Notes

Schedule D, Part IV, Line 2B Explanation of escrow agreement

Escrow accounts are held temporarily for current customers engaged in loan activity.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

A TAX POSITION WILL BE RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 percent LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Reclassification adjustment for amortization of prior service cost and net gain in net income - 20324

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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0STEPHEN M PARK
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1PATRICE PRICE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2JAMES A FABRIE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3BERTINE A NIXON
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4RICH DURANTE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5SHIRLEY M SOLBERG
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6KEVIN LEMAN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7JIM E MARCH
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8R LEE PIEKARZ
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9Cathy Corbi
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10David Goles
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11Steven Bugg
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12KAMIL SAKICI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13ERICKA GORMAN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14KEVIN BOGAC
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15LORRAINE KOST
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt16ERIC VESSELE
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17Jeff Wheatley
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt18Frederick Campobasso
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt19LYNN ESP
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115663
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1229053
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1324679
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1410569
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1519565
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1624256
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1715192
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt185900
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1917377
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (partial year)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (partial year)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11President/CEO (began 5/21/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP - CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF LENDING & OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF TECHNOLOGY & MEMBER SERVICE OFFICER (Partial year)
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP, HUMAN RESOURCES AND ORGANIZATIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP, COMMERCIAL LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP, Residential Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Lending Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19GENERAL COUNSEL
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0177260
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt06000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0624622
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt043842296
IRS990/GrossRentsGrp/RealAmt030000
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IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt016
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01075530
IRS990/InsuranceGrp/TotalAmt0172840
IRS990/IntangibleAssetsGrp/BOYAmt01178667
IRS990/IntangibleAssetsGrp/EOYAmt0847238
IRS990/InterestGrp/TotalAmt05561391
IRS990/InvestmentIncomeGrp/ExclusionAmt02993309
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02993309
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05902452
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0108080609
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IRS990/LandBldgEquipAccumDeprecAmt023240098
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027514869
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025430702
IRS990/LandBldgEquipCostOrOtherBssAmt048670800
IRS990/LegalDomicileStateCd0IL
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0THE PRIMARY EXEMPT PURPOSE OF GREAT LAKES CREDIT UNION (GLCU) IS TO PROVIDE LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES THAT PROMOTE THE FINANCIAL PROSPERITY OF OUR 81,775 MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt063636068
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0111125818
IRS990/NetAssetsOrFundBalancesBOYAmt072646609
IRS990/NetAssetsOrFundBalancesEOYAmt073159400
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0177260
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0177260
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt030000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt030000
IRS990/NetUnrelatedBusTxblIncmAmt01815
IRS990/NetUnrlzdGainsLossesInvstAmt0-199256
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt01506022
IRS990/OfficeExpensesGrp/TotalAmt01189915
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt026184189
IRS990/OtherAssetsTotalGrp/EOYAmt024903872
IRS990/OtherChangesInNetAssetsAmt020324
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01517744
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM NETWORK FEES
IRS990/OtherExpensesGrp/Desc2Shared Branching Expenses
IRS990/OtherExpensesGrp/Desc3ATM Machine Rental
IRS990/OtherExpensesGrp/TotalAmt05518886
IRS990/OtherExpensesGrp/TotalAmt1247611
IRS990/OtherExpensesGrp/TotalAmt2245805
IRS990/OtherExpensesGrp/TotalAmt3190582
IRS990/OtherLiabilitiesGrp/BOYAmt0651417429
IRS990/OtherLiabilitiesGrp/EOYAmt0667109080
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt012478536
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0593798197
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0642682971
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt01046383
IRS990/PensionPlanContributionsGrp/TotalAmt0389862
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0832283
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01041579
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Steven Bugg
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
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IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ATM/CREDIT CARD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3FEE/OTHER MISC INCOME
IRS990/ProgramServiceRevenueGrp/Desc4Mortgage Loan Income
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15206954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23806421
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32251158
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4983557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027786700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15210324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23962626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32251158
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4983557
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03370
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt1156205
IRS990/ProgSrvcAccomActy2Grp/Desc0ATM/DEBIT CARDS AND CHECK CARDS ARE AVAILABLE TO MEMBERS WHO APPLY FOR ELECTRONIC ACCESS TO THEIR ACCOUNTS FOR DEPOSIT AND WITHDRAWAL OF FUNDS AND ACCOUNT INFORMATION. VARIOUS TYPES OF CHECKING ACCOUNTS ARE OFFERED TO MEMBERS, SOME WITH NO MONTHLY SERVICE FEE.
IRS990/ProgSrvcAccomActy3Grp/Desc0VARIOUS INSURANCE PRODUCTS ARE OFFERED TO MEMBERS. TYPES OF PRODUCTS OFFERED INCLUDE CREDIT LIFE, CREDIT DISABILITY, MECHANICAL BREAKDOWN PROTECTION (MBP), AND FINANCIAL GAP PROTECTION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt06000
IRS990/PYInvestmentIncomeAmt03182528
IRS990/PYOtherExpensesAmt022435890
IRS990/PYOtherRevenueAmt030000
IRS990/PYProgramServiceRevenueAmt038814957
IRS990/PYRevenuesLessExpensesAmt02185345
IRS990/PYSalariesCompEmpBnftPaidAmt017400250

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,482$1,386$95.8$80.7$83.8$3.15
2023Detailed filing. Detailed filing data is available for this year.$1,314$1,222$91.8$64.8$62.1$2.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,342$1,246$95.9$54.1$44.9$9.18
2021Detailed filing. Detailed filing data is available for this year.$1,046$945$101$51.0$34.2$16.8
2020Detailed filing. Detailed filing data is available for this year.$1,028$939$88.5$49.1$43.2$5.91
2019Detailed filing. Detailed filing data is available for this year.$884$804$79.6$47.8$43.7$4.10
2018Detailed filing. Detailed filing data is available for this year.$861$787$73.2$43.4$42.7$0.69
2017Detailed filing. Detailed filing data is available for this year.$797$724$72.6$42.0$39.8$2.19
2016Detailed filing. Detailed filing data is available for this year.$767$696$70.9$38.5$36.9$1.68
2015Detailed filing. Detailed filing data is available for this year.$720$650$69.4$33.1$31.8$1.28
2014Detailed filing. Detailed filing data is available for this year.$640$577$62.5$32.2$30.6$1.61
2013Detailed filing. Detailed filing data is available for this year.$644$584$59.9$31.9$31.2$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$526$468$57.2$27.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$544$487$57.3$28.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$522$468$53.3$29.7