Civic Intelligence

Rockford Postal Employees Credit Union

990 • Fiscal year 2021 • EIN 36-1695980

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

1405 West Lane Rd Suite AMachesney Park, IL 61115

(815) 282-8711

Siviq Scores

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

Liabilities / Assets

51st percentile

0.87x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

32.60x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2021

Net Margin

26th percentile

0.6%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$105,353

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2021

Asset Growth

61st percentile

8.7%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$20,188,491

Up $1,607,749 (+8.7%) from 2020

Net Assets

Up

$2,569,245

Up $3,094 (+0.1%) from 2020

Liabilities

Up

$17,619,246

Up $1,604,655 (+10%) from 2020

Revenue

Down

$540,481

Down $75,879 (-12%) from 2020

Expenses

Down

$537,387

Down $67,135 (-11%) from 2020

Net Income

Down

$3,094

Down $8,744 (-74%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $16,971,932Liabilities 2010: $14,615,729Net Assets 2010: $2,356,2032010Assets 2011: $16,739,998Liabilities 2011: $14,366,783Net Assets 2011: $2,373,2152011Assets 2012: $16,856,168Liabilities 2012: $14,469,550Net Assets 2012: $2,386,6182012Assets 2013: $16,938,375Liabilities 2013: $14,531,958Net Assets 2013: $2,406,4172013Assets 2014: $16,990,827Liabilities 2014: $14,583,902Net Assets 2014: $2,406,9252014Assets 2015: $17,522,023Liabilities 2015: $15,095,885Net Assets 2015: $2,426,1382015Assets 2016: $18,523,703Liabilities 2016: $16,067,361Net Assets 2016: $2,456,3422016Assets 2018: $18,118,174Liabilities 2018: $15,582,842Net Assets 2018: $2,535,3322018Assets 2019: $17,224,326Liabilities 2019: $14,670,013Net Assets 2019: $2,554,3132019Assets 2020: $18,580,742Liabilities 2020: $16,014,591Net Assets 2020: $2,566,1512020Assets 2021: $20,188,491Liabilities 2021: $17,619,246Net Assets 2021: $2,569,2452021Assets 2022: $19,159,819Liabilities 2022: $16,515,637Net Assets 2022: $2,644,1822022Assets 2023: $17,083,958Liabilities 2023: $14,418,131Net Assets 2023: $2,665,8272023Assets 2024: $17,485,477Liabilities 2024: $14,786,452Net Assets 2024: $2,699,0252024

Highlighted filing

2021

Assets$20,188,491
Liabilities$17,619,246
Net Assets$2,569,245

Operations Trend

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

$1.0M$500K$0Expenses 2010: $630,1592010Expenses 2011: $663,1972011Expenses 2012: $558,5852012Revenue 2013: $559,034Expenses 2013: $540,007Net Income 2013: $19,0272013Revenue 2014: $555,588Expenses 2014: $553,417Net Income 2014: $2,1712014Revenue 2015: $555,845Expenses 2015: $536,632Net Income 2015: $19,2132015Revenue 2016: $571,311Expenses 2016: $541,107Net Income 2016: $30,2042016Revenue 2018: $613,530Expenses 2018: $564,055Net Income 2018: $49,4752018Revenue 2019: $672,928Expenses 2019: $653,947Net Income 2019: $18,9812019Revenue 2020: $616,360Expenses 2020: $604,522Net Income 2020: $11,8382020Revenue 2021: $540,481Expenses 2021: $537,387Net Income 2021: $3,0942021Revenue 2022: $655,041Expenses 2022: $580,104Net Income 2022: $74,9372022Revenue 2023: $754,778Expenses 2023: $733,133Net Income 2023: $21,6452023Revenue 2024: $869,241Expenses 2024: $836,043Net Income 2024: $33,1982024

Highlighted filing

2021

Revenue$540,481
Expenses$537,387
Net Income$3,094
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.0
Gross Receipts
$540,481
Mission and Program Overview

Mission

Our purpose is to provide financial services to our members with competitive rates, while maintaining our financial stability.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,892,100$7,620,004▼ $272,096
Savings and Temporary Cash Investments$7,523,511$6,877,492▼ $646,019
Rtn Earn Endowment Incm Other Fnds$2,566,151$2,569,245▲ $3,094
Cash and Non-Interest-Bearing Accounts$452,841$470,618▲ $17,777
Prepaid Expenses and Deferred Charges$62,842$77,137▲ $14,295
Land, Buildings, and Equipment, Net$9,461$7,276▼ $2,185
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$18,580,742$20,188,491▲ $1,607,749
Other Assets Total$2,639,987$5,135,964▲ $2,495,977
Liabilities
Other Liabilities$15,990,661$17,604,067▲ $1,613,406
Accounts Payable and Accrued Expenses$23,930$15,179▼ $8,751
Total Liabilities$16,014,591$17,619,246▲ $1,604,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,566,151$2,569,245▲ $3,094
Total Liabilities and Net Assets / Fund Balance$18,580,742$20,188,491▲ $1,607,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$7,149$2,991$0
Leasehold Improvements$127$7,581$0
Other Assets Org$4,976,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracy BeyerPresidentFT$83,940$21,413$105,353

Board Members and Trustees

NameTitle
Kirk GilleChairman
Philip PfeiferVice Chairman
Clectice TemplemanDirector
Debbie SwansonDirector
Matt MaloneDirector
Terri EkbergDirector
Pauletta FrantaSecretary
Mike JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$487,866
Investment Income
$52,615
Other Revenue
$0
Change in Net Assets
$3,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$297,094
Salaries, Compensation, and Employee Benefits$240,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$94,646
Current Officers, Directors, Trustees, and Key Employees---$85,393
Fees for Services Other---$64,834
Occupancy---$61,681
Other Employee Benefits---$38,918
Office Expenses---$34,960
Information Technology---$31,249
Payroll Taxes---$14,102
Insurance---$12,555
Payments to Affiliates---$9,201
Pension Plan Contributions---$7,234
Other Expenses---$7,100
Fees for Services Accounting---$7,000
Depreciation Depletion---$5,898
Advertising---$4,708
Conferences and Meetings---$2,022
All Other Expenses---$1,795
Travel---$203
Fees for Services Legal---$-82
Total Functional Expenses$0$0$0$537,387
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
Share & Share Draft Account Balances$17,604,067
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
No
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 6

The credit union has members

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

The members elect the governing body of the credit union

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

The decisions of the governing body are subject to the approval of the members.

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

The supervisory review may be completed by our internal auditors

Form 990, Part VI, Section B, Line 15

The Executive Committee reviews and determines compensation for the President of the credit union

Form 990, Part VI, Section C, Line 18

These documents are not available to the public

Form 990, Part VI, Section C, Line 19

Members may request these items and they will be provided in a timely manner. No documents available to the public

Filing and Contact Details

Filer

Filer Name
Linxus Credit Union
EIN
36-1695980
Phone
8152828711
Address
1405 West Lane Rd Suite A, Machesney Park, IL 61115

Signing Officer

Name
Tracy Beyer
Title
President
Phone
8152828711
Signed
2022-04-29

Organization Details

Principal Officer
Tracy Beyer - President
Formed
1927
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
5
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

This amount includes expenses for Share Draft, ACH, ATM and Loan Processing

Raw XML AppendixShowing 400 of 433 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/TitleTxt8Director
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314659
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Processed deposits, withdrawals, and payments for over 3000 accounts
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided new consumer and home equity loans in addition to servicing over 700 loan accounts
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0132153
IRS990/PYOtherExpensesAmt0366872
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0484207
IRS990/PYRevenuesLessExpensesAmt011838
IRS990/PYSalariesCompEmpBnftPaidAmt0237650
IRS990/PYTotalExpensesAmt0604522
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0616360
IRS990/ReconcilationRevenueExpnssAmt03094
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02566151
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02569245
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07523511
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06877492
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07149
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02991
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010140
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0127
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07581
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt07708
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0157936
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12028
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24976000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUSIF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Interest on Investments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Certificates of Deposit > 1 year
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017604067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Share & Share Draft Account Balances
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07276
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05135964
IRS990ScheduleD/TotalLiabilityAmt017604067
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The credit union has members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect the governing body of the credit union
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The decisions of the governing body are subject to the approval of the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The supervisory review may be completed by our internal auditors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Committee reviews and determines compensation for the President of the credit union
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5These documents are not available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Members may request these items and they will be provided in a timely manner. No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7This amount includes expenses for Share Draft, ACH, ATM and Loan Processing
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 A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018580742
IRS990/TotalAssetsEOYAmt020188491
IRS990/TotalAssetsGrp/BOYAmt018580742
IRS990/TotalAssetsGrp/EOYAmt020188491
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0537387
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016014591
IRS990/TotalLiabilitiesEOYAmt017619246
IRS990/TotalLiabilitiesGrp/BOYAmt016014591
IRS990/TotalLiabilitiesGrp/EOYAmt017619246
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02566151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02569245
IRS990/TotalOtherCompensationAmt021413
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0487866
IRS990/TotalReportableCompFromOrgAmt083940
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0540481
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0540481
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018580742
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020188491
IRS990/TotReportableCompRltdOrgAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$14.8$2.70$0.87$0.84$0.03
2023Detailed filing. Detailed filing data is available for this year.$17.1$14.4$2.67$0.75$0.73$0.02
2022Detailed filing. Detailed filing data is available for this year.$19.2$16.5$2.64$0.66$0.58$0.07
2021Detailed filing. Detailed filing data is available for this year.$20.2$17.6$2.57$0.54$0.54$0.00
2020Detailed filing. Detailed filing data is available for this year.$18.6$16.0$2.57$0.62$0.60$0.01
2019Detailed filing. Detailed filing data is available for this year.$17.2$14.7$2.55$0.67$0.65$0.02
2018Detailed filing. Detailed filing data is available for this year.$18.1$15.6$2.54$0.61$0.56$0.05
2016Detailed filing. Detailed filing data is available for this year.$18.5$16.1$2.46$0.57$0.54$0.03
2015Detailed filing. Detailed filing data is available for this year.$17.5$15.1$2.43$0.56$0.54$0.02
2014Detailed filing. Detailed filing data is available for this year.$17.0$14.6$2.41$0.56$0.55$0.00
2013Detailed filing. Detailed filing data is available for this year.$16.9$14.5$2.41$0.56$0.54$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$14.5$2.39$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.7$14.4$2.37$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$14.6$2.36$0.63