Civic Intelligence

Rockford Postal Employees Credit Union

990 • Fiscal year 2023 • EIN 36-1695980

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

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

46th percentile

0.84x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

19.10x

Higher debt load relative to revenue than 62% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Net Margin

23rd percentile

2.9%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

95th percentile

$134,426

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 17.8% of source-year revenue.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2023

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

34th percentile

15%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$17,083,958

Down $2,075,861 (-11%) from 2022

Net Assets

Up

$2,665,827

Up $21,645 (+0.8%) from 2022

Liabilities

Down

$14,418,131

Down $2,097,506 (-13%) from 2022

Revenue

Up

$754,778

Up $99,737 (+15%) from 2022

Expenses

Up

$733,133

Up $153,029 (+26%) from 2022

Net Income

Down

$21,645

Down $53,292 (-71%) from 2022

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

2023

Assets$17,083,958
Liabilities$14,418,131
Net Assets$2,665,827

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

2023

Revenue$754,778
Expenses$733,133
Net Income$21,645
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2024
Return Version
2023v5.0
Gross Receipts
$754,778
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
Savings and Temporary Cash Investments$10,075,110$7,666,897▼ $2,408,213
Other Notes and Loans Receivable, Net$7,807,126$7,575,312▼ $231,814
Rtn Earn Endowment Incm Other Fnds$2,644,182$2,665,827▲ $21,645
Cash and Non-Interest-Bearing Accounts$273,739$322,524▲ $48,785
Prepaid Expenses and Deferred Charges$63,825$64,023▲ $198
Land, Buildings, and Equipment, Net$7,505$3,067▼ $4,438
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$19,159,819$17,083,958▼ $2,075,861
Other Assets Total$932,514$1,452,135▲ $519,621
Liabilities
Other Liabilities$16,497,745$14,404,267▼ $2,093,478
Accounts Payable and Accrued Expenses$17,892$13,864▼ $4,028
Total Liabilities$16,515,637$14,418,131▼ $2,097,506
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,644,182$2,665,827▲ $21,645
Total Liabilities and Net Assets / Fund Balance$19,159,819$17,083,958▼ $2,075,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$3,067$14,458$0
Leasehold Improvements$0$0$0
Other Assets Org$1,245,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracy BeyerPresidentFT$98,912$35,514$134,426

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$445,271
Investment Income
$309,507
Other Revenue
$0
Change in Net Assets
$21,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$464,487
Salaries, Compensation, and Employee Benefits$268,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$110,215
Current Officers, Directors, Trustees, and Key Employees---$98,860
Occupancy---$65,212
Other Expenses---$52,693
Office Expenses---$39,093
Information Technology---$37,507
Other Employee Benefits---$36,238
All Other Expenses---$27,436
Conferences and Meetings---$17,486
Payroll Taxes---$16,737
Insurance---$14,681
Advertising---$11,540
Payments to Affiliates---$9,892
Fees for Services Accounting---$8,050
Pension Plan Contributions---$6,596
Fees for Services Legal---$3,424
Depreciation Depletion---$3,389
Travel---$312
Total Functional Expenses$0$0$0$733,133
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 and Share Draft Balances$14,404,267
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 organization 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 supervisory committee or 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

Not Applicable

Form 990, Part VI, Section C, Line 19

Members may request these items. No documents are 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
2024-04-25

Organization Details

Principal Officer
Tracy Beyer
Formed
1927
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
9
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/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0Processed deposits, withdrawals, and payments for over 2750 accounts
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided new consumer and home equity loans in addition to servicing over 550 loan accounts
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt092282
IRS990/PYOtherExpensesAmt0334525
IRS990/PYOtherRevenueAmt0152434
IRS990/PYProgramServiceRevenueAmt0410325
IRS990/PYRevenuesLessExpensesAmt074937
IRS990/PYSalariesCompEmpBnftPaidAmt0245579
IRS990/PYTotalExpensesAmt0580104
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0655041
IRS990/ReconcilationRevenueExpnssAmt021645
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/BOYAmt02644182
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02665827
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010075110
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07666897
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03067
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014458
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt017525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0164175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt142960
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21245000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NCUSIF
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST ON INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CERTIFICATES OF DEPOSIT > 1YEAR
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014404267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE AND SHARE DRAFT BALANCES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03067
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01452135
IRS990ScheduleD/TotalLiabilityAmt014404267
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization 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 supervisory committee or internal auditors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Committee reviews and determines compensation for the President of the credit union
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Not Applicable
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Members may request these items. No documents are available to the public
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019159819
IRS990/TotalAssetsEOYAmt017083958
IRS990/TotalAssetsGrp/BOYAmt019159819
IRS990/TotalAssetsGrp/EOYAmt017083958
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0733133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016515637
IRS990/TotalLiabilitiesEOYAmt014418131
IRS990/TotalLiabilitiesGrp/BOYAmt016515637
IRS990/TotalLiabilitiesGrp/EOYAmt014418131
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02644182
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02665827
IRS990/TotalOtherCompensationAmt035514
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0445271
IRS990/TotalReportableCompFromOrgAmt098912
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0754778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0754778
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019159819
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017083958
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0312
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt01405 West Lane Rd

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
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