Civic Intelligence

Community Trust Credit Union

990 • Fiscal year 2013 • EIN 36-1932435

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 28, 2014

Organization ProfileWWW.CTCU.ORG

View Organization Page

1313 Skokie Hwy60031

(847) 662-2050

Siviq Scores

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

Liabilities / Assets

88th percentile

0.92x

Higher debt load relative to assets than 88% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

82nd percentile

22.30x

Higher debt load relative to revenue than 82% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Net Margin

16th percentile

3.1%

Higher net margin than 16% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

41st percentile

$173,112

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2013

Asset Growth

33rd percentile

1.1%

Faster asset growth than 33% of similar nonprofits.

2013 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$188,688,896

Up $2,122,629 (+1.1%) from 2012

Net Assets

Up

$14,887,040

Up $240,723 (+1.6%) from 2012

Liabilities

Up

$173,801,856

Up $1,881,906 (+1.1%) from 2012

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin16th percentile

Revenue

$7,793,236

No earlier filing loaded for comparison.

Expenses

Down

$7,552,513

Down $129,222 (-1.7%) from 2012

Net Income

$240,723

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$400M$300M$200M$100M$0Assets 2010: $177,047,473Liabilities 2010: $162,514,189Net Assets 2010: $14,533,2842010Assets 2011: $181,899,384Liabilities 2011: $167,590,025Net Assets 2011: $14,309,3592011Assets 2012: $186,566,267Liabilities 2012: $171,919,950Net Assets 2012: $14,646,3172012Assets 2013: $188,688,896Liabilities 2013: $173,801,856Net Assets 2013: $14,887,0402013Assets 2014: $191,784,102Liabilities 2014: $176,113,522Net Assets 2014: $15,670,5802014Assets 2015: $204,946,414Liabilities 2015: $188,493,152Net Assets 2015: $16,453,2622015Assets 2016: $212,111,691Liabilities 2016: $194,719,943Net Assets 2016: $17,391,7482016Assets 2017: $217,190,752Liabilities 2017: $198,663,431Net Assets 2017: $18,527,3212017Assets 2018: $219,160,234Liabilities 2018: $198,837,787Net Assets 2018: $20,322,4472018Assets 2019: $225,966,161Liabilities 2019: $203,896,934Net Assets 2019: $22,069,2272019Assets 2020: $262,364,178Liabilities 2020: $239,390,909Net Assets 2020: $22,973,2692020Assets 2021: $300,266,331Liabilities 2021: $276,731,661Net Assets 2021: $23,534,6702021Assets 2022: $313,408,662Liabilities 2022: $285,783,992Net Assets 2022: $27,624,6702022Assets 2023: $307,429,832Liabilities 2023: $275,532,068Net Assets 2023: $31,897,7642023Assets 2024: $317,252,105Liabilities 2024: $282,299,516Net Assets 2024: $34,952,5892024

Highlighted filing

2013

Assets$188,688,896
Liabilities$173,801,856
Net Assets$14,887,040
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2010: $8,827,3202010Expenses 2011: $8,647,1802011Expenses 2012: $7,681,7352012Revenue 2013: $7,793,236Expenses 2013: $7,552,513Net Income 2013: $240,7232013Revenue 2014: $7,421,266Expenses 2014: $6,637,726Net Income 2014: $783,5402014Revenue 2015: $7,315,631Expenses 2015: $6,532,949Net Income 2015: $782,6822015Revenue 2016: $7,641,530Expenses 2016: $6,703,044Net Income 2016: $938,4862016Revenue 2017: $8,105,268Expenses 2017: $6,969,695Net Income 2017: $1,135,5732017Revenue 2018: $8,988,267Expenses 2018: $7,193,141Net Income 2018: $1,795,1262018Revenue 2019: $9,500,650Expenses 2019: $7,753,870Net Income 2019: $1,746,7802019Revenue 2020: $8,283,609Expenses 2020: $7,379,567Net Income 2020: $904,0422020Revenue 2021: $7,919,294Expenses 2021: $7,357,893Net Income 2021: $561,4012021Revenue 2022: $11,872,195Expenses 2022: $7,782,195Net Income 2022: $4,090,0002022Revenue 2023: $14,516,805Expenses 2023: $9,776,364Net Income 2023: $4,740,4412023Revenue 2024: $15,150,433Expenses 2024: $12,095,608Net Income 2024: $3,054,8252024

Highlighted filing

2013

Revenue$7,793,236
Expenses$7,552,513
Net Income$240,723
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 28, 2014
Return Version
2013v3.0
Gross Receipts
$8,030,140
Mission and Program Overview

Mission

To assist our members in the management of their financial well being by providing loans, savings accounts, and other financial insitution services.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$128,116,959$117,274,356▼ $10,842,603
Savings and Temporary Cash Investments$22,727,162$28,855,674▲ $6,128,512
Investments in Publicly Traded Securities$18,074,191$22,037,973▲ $3,963,782
Rtn Earn Endowment Incm Other Fnds$14,646,317$14,887,040▲ $240,723
Investments Other Securities$9,429,000$12,168,000▲ $2,739,000
Land, Buildings, and Equipment, Net$5,153,116$5,133,976▼ $19,140
Cash and Non-Interest-Bearing Accounts$2,014,365$2,009,330▼ $5,035
Investments Program Related$560,158$539,287▼ $20,871
Prepaid Expenses and Deferred Charges$326,453$278,059▼ $48,394
Accounts Receivable$-1,804$4,574▲ $6,378
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$186,566,267$188,688,896▲ $2,122,629
Other Assets Total$166,667$387,667▲ $221,000
Liabilities
Other Liabilities$170,603,759$172,803,883▲ $2,200,124
Accounts Payable and Accrued Expenses$1,316,191$997,973▼ $318,218
Total Liabilities$171,919,950$173,801,856▲ $1,881,906
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,646,317$14,887,040▲ $240,723
Total Liabilities and Net Assets / Fund Balance$186,566,267$188,688,896▲ $2,122,629

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,072,747$2,135,472-
Other Land Buildings$379,034$500,326-
Land$1,508,096--
Equipment$174,099$805,819-
Leasehold Improvements$0$6,879-
Other Securities$12,168,000--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Madeline LipkaPresidentFT$173,112$173,112
Carol AnallaCOOFT$120,320$120,320
Jerry WetterCFOFT$110,947$110,947
Jeff DempskiVP LendingFT$25,845$25,845

Board Members and Trustees

NameTitle
Elmer Bud ReedChairman
Gilbert Bennett SrVice Chairman
Corey ClarkDirector
Linda Wegge-slipkeDirector
Shawn DepkeDirector
Dan KloczkowskiSecretary
Don FontanaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,343,195
Investment Income
$450,041
Other Revenue
$0
Change in Net Assets
$240,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,793,236
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,793,236
Total Revenue per Form 990
$7,793,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,862,787
Salaries, Compensation, and Employee Benefits$2,689,726
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,758,252
Office Expenses---$846,811
Information Technology---$704,053
Occupancy---$438,695
Current Officers, Directors, Trustees, and Key Employees---$430,224
Depreciation Depletion---$279,763
Other Employee Benefits---$225,173
Payroll Taxes---$199,045
Advertising---$150,380
Other Expenses---$136,934
Insurance---$87,103
Pension Plan Contributions---$77,032
Fees for Services Legal---$63,373
Fees for Services Accounting---$28,883
Travel---$21,869
Conferences and Meetings---$7,290
Interest---$2
Total Functional Expenses$0$0$0$7,552,513

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,552,513
Total Expenses per Audited Statements$7,552,513
Total Expenses per Form 990$7,552,513
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$172,803,883
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, Section A, Line 6

“A member is defined as an individual within our membership area that has the required share deposit at the credit union.”

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

“Every person with the required share deposit at the institution is considered a member. Each member has the right to vote for elected board members at the annual meeting.”

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

“Each member has the right to vote for or against potential board members at the annual meeting.”

Form 990, Part VI, Section B, Line 11

“The 990 is compiled by the cfo and reviewed by the cfo, coo, and ceo.”

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

“Internal audit reviews reports daily to ensure employees are complying with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The credit union uses a 3rd party to obtain compensation ranges. The 3rd party uses local credit union pay scales as well as information from nationwide salary surveys. The hr manager then reviews with upper management before finalizing the compensation ranges.”

Form 990, Part VI, Section C, Line 19

“A financial statement of condition is posted at each location and updated monthly. Other public documents are issued on request.”

Filing and Contact Details

Filer

EIN
36-1932435
Phone
8476622050

Signing Officer

Name
Jerry Wetter
Title
Chief Financial Officer
Phone
8476622050
Signed
2014-04-28

Organization Details

Principal Officer
Madeline Lipka
Formed
1933
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
68
Volunteers
7
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Form 990, part xii, line 2c: the cfo is responsible for the oversight of the financial statement compiled by an independent accountant. There is no change in the oversight or selection process from the previous year.”

Financial Statement Notes

Part X, Fin 48 Dislosure

“Part x, fin 48 disclosure: the credit union's consolidated financial statements contain no footnote concerning liabilities for uncertain tax positions, in accordance with guidance from the fasb, because it was determined that no fin 48 issues requiring disclosure exist with respect to this credit union.”

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/OtherExpensesGrp/Desc1DIVIDENDS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc3NCUA STABILIZATION AND
IRS990/OtherExpensesGrp/TotalAmt01108945
IRS990/OtherExpensesGrp/TotalAmt1551660
IRS990/OtherExpensesGrp/TotalAmt2437026
IRS990/OtherExpensesGrp/TotalAmt3136934
IRS990/OtherLiabilitiesGrp/BOYAmt0170603759
IRS990/OtherLiabilitiesGrp/EOYAmt0172803883
IRS990/OtherSalariesAndWagesGrp/TotalAmt01758252
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0128116959
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0117274356
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0199045
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt077032
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0326453
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0278059
IRS990/PrincipalOfficerNm0MADELINE LIPKA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INCOME FROM LOANS TO M
IRS990/ProgramServiceRevenueGrp/Desc1INCOME FROM FEES AND C
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05251113
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12092082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05251113
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12092082
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED HOME BANKING SERVICES TO 9,635 MEMBERS
IRS990/ProgSrvcAccomActy3Grp/Desc0RECEIVED DEPOSITS ON SAVINGS FROM 15,052 MEMBERS
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0322777
IRS990/PYOtherExpensesAmt05004404
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07695916
IRS990/PYRevenuesLessExpensesAmt0336958
IRS990/PYSalariesCompEmpBnftPaidAmt02677331
IRS990/PYTotalExpensesAmt07681735
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08018693
IRS990/ReconcilationRevenueExpnssAmt0240723
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014646317
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014887040
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022727162
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028855674
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03072747
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02135472
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05208219
IRS990ScheduleD/EquipmentGrp/BookValueAmt0174099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0805819
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0979918
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07552513
IRS990ScheduleD/LandGrp/BookValueAmt01508096
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01508096
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06879
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt06879
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0379034
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0500326
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0879360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0172803883
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt012168000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07793236
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, FIN 48 DISCLOSURE: THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS CONTAIN NO FOOTNOTE CONCERNING LIABILITIES FOR UNCERTAIN TAX POSITIONS, IN ACCORDANCE WITH GUIDANCE FROM THE FASB, BECAUSE IT WAS DETERMINED THAT NO FIN 48 ISSUES REQUIRING DISCLOSURE EXIST WITH RESPECT TO THIS CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, FIN 48 DISLOSURE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05133976
IRS990ScheduleD/TotalBookValueSecuritiesAmt012168000
IRS990ScheduleD/TotalExpensesPerForm990Amt07552513
IRS990ScheduleD/TotalLiabilityAmt0172803883
IRS990ScheduleD/TotalRevenuePerForm990Amt07793236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07793236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07552513
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0173112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MADELINE LIPKA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PART 1, LINE 6A, THE CREDIT UNION HAS AN INCENTIVE PLAN FOR MANAGEMENT THAT IS BASED ON THE FOLLOWING KEY METRICS: RETURN ON ASSETS, CAPITAL RATIO, LOAN GROWTH, OPERATING EXPENSE, AND MEMBERSHIP GROWTH.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 6A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A MEMBER IS DEFINED AS AN INDIVIDUAL WITHIN OUR MEMBERSHIP AREA THAT HAS THE REQUIRED SHARE DEPOSIT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY PERSON WITH THE REQUIRED SHARE DEPOSIT AT THE INSTITUTION IS CONSIDERED A MEMBER. EACH MEMBER HAS THE RIGHT TO VOTE FOR ELECTED BOARD MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS THE RIGHT TO VOTE FOR OR AGAINST POTENTIAL BOARD MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS COMPILED BY THE CFO AND REVIEWED BY THE CFO, COO, AND CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERNAL AUDIT REVIEWS REPORTS DAILY TO ENSURE EMPLOYEES ARE COMPLYING WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION USES A 3RD PARTY TO OBTAIN COMPENSATION RANGES. THE 3RD PARTY USES LOCAL CREDIT UNION PAY SCALES AS WELL AS INFORMATION FROM NATIONWIDE SALARY SURVEYS. THE HR MANAGER THEN REVIEWS WITH UPPER MANAGEMENT BEFORE FINALIZING THE COMPENSATION RANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A FINANCIAL STATEMENT OF CONDITION IS POSTED AT EACH LOCATION AND UPDATED MONTHLY. OTHER PUBLIC DOCUMENTS ARE ISSUED ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART XII, LINE 2C: THE CFO IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT COMPILED BY AN INDEPENDENT ACCOUNTANT. THERE IS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS FROM THE PREVIOUS YEAR.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0186566267
IRS990/TotalAssetsEOYAmt0188688896
IRS990/TotalAssetsGrp/BOYAmt0186566267
IRS990/TotalAssetsGrp/EOYAmt0188688896
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt068
IRS990/TotalFunctionalExpensesGrp/TotalAmt07552513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0171919950
IRS990/TotalLiabilitiesEOYAmt0173801856
IRS990/TotalLiabilitiesGrp/BOYAmt0171919950
IRS990/TotalLiabilitiesGrp/EOYAmt0173801856
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014646317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014887040
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt07343195
IRS990/TotalReportableCompFromOrgAmt0430224
IRS990/TotalRevenueGrp/ExclusionAmt0441945
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07351291
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07793236
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0186566267
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0188688896
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt021869
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101313 SKOKIE HWY
IRS990/USAddress/City0GURNEE
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode060031
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CTCU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY WETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum08476622050
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10COMMUNITY TRUST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$188,688,896
Liabilities
$173,801,856
Net assets
$14,887,040
Revenue
$7,793,236
Expenses
$7,552,513
Net income
$240,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$317$282$35.0$15.2$12.1$3.05
2023Detailed filing. Detailed filing data is available for this year.$307$276$31.9$14.5$9.78$4.74
2022Detailed filing. Detailed filing data is available for this year.$313$286$27.6$11.9$7.78$4.09
2021Detailed filing. Detailed filing data is available for this year.$300$277$23.5$7.92$7.36$0.56
2020Detailed filing. Detailed filing data is available for this year.$262$239$23.0$8.28$7.38$0.90
2019Detailed filing. Detailed filing data is available for this year.$226$204$22.1$9.50$7.75$1.75
2018Detailed filing. Detailed filing data is available for this year.$219$199$20.3$8.99$7.19$1.80
2017Detailed filing. Detailed filing data is available for this year.$217$199$18.5$8.11$6.97$1.14
2016Detailed filing. Detailed filing data is available for this year.$212$195$17.4$7.64$6.70$0.94
2015Detailed filing. Detailed filing data is available for this year.$205$188$16.5$7.32$6.53$0.78
2014Detailed filing. Detailed filing data is available for this year.$192$176$15.7$7.42$6.64$0.78
2013Detailed filing. Detailed filing data is available for this year.$189$174$14.9$7.79$7.55$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$187$172$14.6$7.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$182$168$14.3$8.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$177$163$14.5$8.83