Civic Intelligence

Community Trust Credit Union

990 • Fiscal year 2016 • EIN 36-1932435

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 23, 2017

Organization ProfileWWW.CTCU.ORG

View Organization Page

1313 Skokie HwyGurnee, IL 60031

(847) 662-2050

Siviq Scores

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

Liabilities / Assets

85th percentile

0.92x

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

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

25.48x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$244,499

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2016

Asset Growth

39th percentile

3.5%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

4.5%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$212,111,691

Up $7,165,277 (+3.5%) from 2015

Net Assets

Up

$17,391,748

Up $938,486 (+5.7%) from 2015

Liabilities

Up

$194,719,943

Up $6,226,791 (+3.3%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin60th percentile

Revenue

Up

$7,641,530

Up $325,899 (+4.5%) from 2015

Expenses

Up

$6,703,044

Up $170,095 (+2.6%) from 2015

Net Income

Up

$938,486

Up $155,804 (+20%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2016

Assets$212,111,691
Liabilities$194,719,943
Net Assets$17,391,748
Open 2016 Filing

Operations Trend

Revenue Growth41st percentile

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

2016

Revenue$7,641,530
Expenses$6,703,044
Net Income$938,486
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 23, 2017
Return Version
2016v3.0
Gross Receipts
$7,725,680
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$115,246,690$118,960,105▲ $3,713,415
Savings and Temporary Cash Investments$42,959,507$37,874,972▼ $5,084,535
Investments in Publicly Traded Securities$21,993,340$26,997,825▲ $5,004,485
Investments Other Securities$16,824,000$19,385,000▲ $2,561,000
Rtn Earn Endowment Incm Other Fnds$16,453,262$17,391,748▲ $938,486
Land, Buildings, and Equipment, Net$4,779,591$4,705,484▼ $74,107
Cash and Non-Interest-Bearing Accounts$1,942,030$2,907,743▲ $965,713
Investments Program Related$518,034$533,855▲ $15,821
Prepaid Expenses and Deferred Charges$347,372$368,944▲ $21,572
Accounts Receivable$1,700$13,013▲ $11,313
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$204,946,414$212,111,691▲ $7,165,277
Other Assets Total$334,150$364,750▲ $30,600
Liabilities
Other Liabilities$187,485,994$193,627,433▲ $6,141,439
Accounts Payable and Accrued Expenses$1,007,158$1,092,510▲ $85,352
Total Liabilities$188,493,152$194,719,943▲ $6,226,791
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,453,262$17,391,748▲ $938,486
Total Liabilities and Net Assets / Fund Balance$204,946,414$212,111,691▲ $7,165,277

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,828,264$2,524,452-
Other Land Buildings$290,978$618,567-
Land$1,508,096--
Equipment$78,146$749,466-
Leasehold Improvements$0$6,879-
Other Securities$19,385,000--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol AnallaInterim CEO, COOFT$168,319$76,180$244,499
Jerry WetterCFOFT$134,967-$134,967
Catherine HillCompliance OfficerFT$103,789-$103,789
Jeff DempskiVP LendingFT$85,312-$85,312

Board Members and Trustees

NameTitle
Elmer Bud ReedChairman
Don FontanaVice Chairman
Andy DallstreamDirector
Henry Hank GovekarDirector
Linda Wegge-slipkeDirector
Corey ClarkSecretary
Dan KloczkowskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,768,480
Investment Income
$873,050
Other Revenue
$0
Change in Net Assets
$938,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,641,530
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,641,530
Total Revenue per Form 990
$7,641,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,658,353
Salaries, Compensation, and Employee Benefits$3,044,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,988,632
Office Expenses---$1,033,436
Information Technology---$853,178
Current Officers, Directors, Trustees, and Key Employees---$464,778
Occupancy---$323,548
Other Employee Benefits---$317,701
Depreciation Depletion---$294,584
Payroll Taxes---$190,373
Advertising---$152,206
Insurance---$97,422
Pension Plan Contributions---$83,207
Fees for Services Accounting---$40,799
Fees for Services Legal---$37,318
Other Expenses---$30,549
Travel---$18,816
Conferences and Meetings---$10,858
Total Functional Expenses$0$0$0$6,703,044

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,703,044
Total Expenses per Audited Statements$6,703,044
Total Expenses per Form 990$6,703,044
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$193,627,433
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 11B

“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 third party to obtain compensation ranges. The third party uses local credit union pay scales as well as information from nation-wide salary surveys. The hr manager then reviews with upper management before finalizing the compensation ranges which are then approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“A financial statement of condition (balance sheet) is posted at each branch location and updated monthly. Other public documents are issued upon request.”

Filing and Contact Details

Filer

Filer Name
Community Trust Credit Union
EIN
36-1932435
Phone
8476622050
Address
1313 SKOKIE HWY, GURNEE, IL 60031

Signing Officer

Name
Jerry Wetter
Title
Chief Financial Officer
Phone
8476622050
Signed
2017-03-23

Organization Details

Principal Officer
Mike Mallow
Formed
1933
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
67
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 audited by an independent accountant. There is no change in the oversight or selection process from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“Part x, line 2: the credit union's consolidated financial statements contain no footnote concerning liabilities for uncertain tax positions in accordance with guidance from fasb, because it was determined that no fin 48 issues requiring disclosure exist with respect to this credit union.”

Raw XML AppendixShowing 400 of 416 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/OtherAssetsTotalGrp/EOYAmt0364750
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0317701
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1DIVIDENDS TO MEMBERS
IRS990/OtherExpensesGrp/Desc2LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/TotalAmt0412894
IRS990/OtherExpensesGrp/TotalAmt1352745
IRS990/OtherExpensesGrp/TotalAmt230549
IRS990/OtherLiabilitiesGrp/BOYAmt0187485994
IRS990/OtherLiabilitiesGrp/EOYAmt0193627433
IRS990/OtherSalariesAndWagesGrp/TotalAmt01988632
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0115246690
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0118960105
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0190373
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt083207
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0347372
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0368944
IRS990/PrincipalOfficerNm0MIKE MALLOW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INCOME FROM LOANS TO M
IRS990/ProgramServiceRevenueGrp/Desc1INCOME FROM FEES AND C
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04698983
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12069497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04698983
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12069497
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED HOME BANKING SERVICES TO 9,938 MEMBERS
IRS990/ProgSrvcAccomActy3Grp/Desc0RECEIVED DEPOSITS ON SAVINGS FROM 14,740 MEMBERS
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0649223
IRS990/PYOtherExpensesAmt03633868
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06666408
IRS990/PYRevenuesLessExpensesAmt0782682
IRS990/PYSalariesCompEmpBnftPaidAmt02899081
IRS990/PYTotalExpensesAmt06532949
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07315631
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0938486
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt016453262
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017391748
IRS990/SavingsAndTempCashInvstGrp/BOYAmt042959507
IRS990/SavingsAndTempCashInvstGrp/EOYAmt037874972
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02828264
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02524452
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05352716
IRS990ScheduleD/EquipmentGrp/BookValueAmt078146
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0749466
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0827612
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06703044
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01508096
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01508096
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06879
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt06879
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0290978
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0618567
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0909545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0193627433
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt019385000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07641530
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2: THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS CONTAIN NO FOOTNOTE CONCERNING LIABILITIES FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GUIDANCE FROM FASB, BECAUSE IT WAS DETERMINED THAT NO FIN 48 ISSUES REQUIRING DISCLOSURE EXIST WITH RESPECT TO THIS CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04705484
IRS990ScheduleD/TotalBookValueSecuritiesAmt019385000
IRS990ScheduleD/TotalExpensesPerForm990Amt06703044
IRS990ScheduleD/TotalLiabilityAmt0193627433
IRS990ScheduleD/TotalRevenuePerForm990Amt07641530
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07641530
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06703044
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168319
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount070000
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/OtherCompensationFilingOrgAmt06180
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CAROL ANALLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0INTERIM CEO, COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0244499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
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 THIRD PARTY TO OBTAIN COMPENSATION RANGES. THE THIRD PARTY USES LOCAL CREDIT UNION PAY SCALES AS WELL AS INFORMATION FROM NATION-WIDE SALARY SURVEYS. THE HR MANAGER THEN REVIEWS WITH UPPER MANAGEMENT BEFORE FINALIZING THE COMPENSATION RANGES WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A FINANCIAL STATEMENT OF CONDITION (BALANCE SHEET) IS POSTED AT EACH BRANCH LOCATION AND UPDATED MONTHLY. OTHER PUBLIC DOCUMENTS ARE ISSUED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART XII, LINE 2C: THE CFO IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDITED 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 11B
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/TotalAssetsBOYAmt0204946414
IRS990/TotalAssetsEOYAmt0212111691
IRS990/TotalAssetsGrp/BOYAmt0204946414
IRS990/TotalAssetsGrp/EOYAmt0212111691
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/TotalAmt06703044
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0188493152
IRS990/TotalLiabilitiesEOYAmt0194719943
IRS990/TotalLiabilitiesGrp/BOYAmt0188493152
IRS990/TotalLiabilitiesGrp/EOYAmt0194719943
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016453262
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017391748
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt06768480
IRS990/TotalReportableCompFromOrgAmt0568567
IRS990/TotalRevenueGrp/ExclusionAmt0873892
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06767638
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07641530
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0204946414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0212111691
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt018816
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01313 SKOKIE HWY
IRS990/USAddress/CityNm0GURNEE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060031
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CTCU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY WETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum08476622050
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY TRUST CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0361932435
ReturnHeader/Filer/PhoneNum08476622050

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$212,111,691
Liabilities
$194,719,943
Net assets
$17,391,748
Revenue
$7,641,530
Expenses
$6,703,044
Net income
$938,486
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