Civic Intelligence

Kankakee Terminal Belt Credit Union

EIN 36-2274673 • 501(c)14 • Kankakee, IL

Profile

Provide consumer loans, receive deposits on savings, checking and cd accounts to members.

1370 W Court StreetKankakee, IL 60901

www.ktbcu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

96th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2023

Net Margin

46th percentile

-81%

Higher net margin than 46% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2023

Top Officer Pay

29th percentile

$0

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

15%

Faster revenue growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $7,176,448 (-100%) from 2022

Liabilities

Down

$0

Down $6,560,394 (-100%) from 2022

Net Assets

Down

$0

Down $616,054 (-100%) from 2022

Operations
Liabilities / Revenue96th percentileNet Margin46th percentile

Revenue

Up

$466,274

Up $59,796 (+15%) from 2022

Expenses

Up

$844,882

Up $491,382 (+139%) from 2022

Net Income

Down

-$378,608

Down $431,586 (-815%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth95th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,157,458Liabilities 2010: $3,547,334Net Assets 2010: $610,1242010Assets 2011: $4,238,893Liabilities 2011: $3,629,192Net Assets 2011: $609,7012011Assets 2012: $4,259,129Liabilities 2012: $3,703,502Net Assets 2012: $555,6272012Assets 2013: $4,334,168Liabilities 2013: $3,774,521Net Assets 2013: $559,6472013Assets 2014: $4,914,414Liabilities 2014: $4,329,138Net Assets 2014: $585,2762014Assets 2015: $5,354,915Liabilities 2015: $4,740,059Net Assets 2015: $614,8562015Assets 2016: $5,738,354Liabilities 2016: $5,120,932Net Assets 2016: $617,4222016Assets 2017: $5,731,844Liabilities 2017: $5,140,365Net Assets 2017: $591,4792017Assets 2018: $5,536,682Liabilities 2018: $5,037,165Net Assets 2018: $499,5172018Assets 2019: $5,406,453Liabilities 2019: $4,895,911Net Assets 2019: $510,5422019Assets 2020: $6,556,213Liabilities 2020: $6,032,404Net Assets 2020: $523,8092020Assets 2021: $7,507,591Liabilities 2021: $6,944,515Net Assets 2021: $563,0762021Assets 2022: $7,176,448Liabilities 2022: $6,560,394Net Assets 2022: $616,0542022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $299,7782010Expenses 2011: $327,7702011Expenses 2012: $368,9282012Revenue 2013: $312,538Expenses 2013: $308,518Net Income 2013: $4,0202013Revenue 2014: $346,236Expenses 2014: $320,607Net Income 2014: $25,6292014Revenue 2015: $365,589Expenses 2015: $336,009Net Income 2015: $29,5802015Revenue 2016: $385,178Expenses 2016: $382,612Net Income 2016: $2,5662016Revenue 2017: $396,723Expenses 2017: $422,666Net Income 2017: -$25,9432017Revenue 2018: $385,151Expenses 2018: $477,113Net Income 2018: -$91,9622018Revenue 2019: $374,734Expenses 2019: $363,711Net Income 2019: $11,0232019Revenue 2020: $375,804Expenses 2020: $362,537Net Income 2020: $13,2672020Revenue 2021: $391,843Expenses 2021: $352,576Net Income 2021: $39,2672021Revenue 2022: $406,478Expenses 2022: $353,500Net Income 2022: $52,9782022Revenue 2023: $466,274Expenses 2023: $844,882Net Income 2023: -$378,6082023

Highlighted filing

2023

Revenue$466,274
Expenses$844,882
Net Income-$378,608
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$466,274
Expenses
$844,882
Net income
-$378,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.47$0.84$0.38
2022Detailed filing. Detailed filing data is available for this year.$7.18$6.56$0.62$0.41$0.35$0.05
2021Detailed filing. Detailed filing data is available for this year.$7.51$6.94$0.56$0.39$0.35$0.04
2020Detailed filing. Detailed filing data is available for this year.$6.56$6.03$0.52$0.38$0.36$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.41$4.90$0.51$0.37$0.36$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.54$5.04$0.50$0.39$0.48$0.09
2017Detailed filing. Detailed filing data is available for this year.$5.73$5.14$0.59$0.40$0.42$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.74$5.12$0.62$0.39$0.38$0.00
2015Detailed filing. Detailed filing data is available for this year.$5.35$4.74$0.61$0.37$0.34$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.91$4.33$0.59$0.35$0.32$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.33$3.77$0.56$0.31$0.31$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$3.70$0.56$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$3.63$0.61$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$3.55$0.61$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$466,274
Mission and Program Overview

Mission

Provide consumer loans, receive deposits on savings, checking, and cd accounts to members.

Provide consumer loans, receive deposits on savings, checking and cd accounts to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,092,340$0▼ $5,092,340
Savings and Temporary Cash Investments$1,676,153$0▼ $1,676,153
Rtn Earn Endowment Incm Other Fnds$616,054$0▼ $616,054
Cash and Non-Interest-Bearing Accounts$158,714$0▼ $158,714
Land, Buildings, and Equipment, Net$139,649$0▼ $139,649
Prepaid Expenses and Deferred Charges$21,576$0▼ $21,576
Investments in Publicly Traded Securities$16,182$0▼ $16,182
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,176,448$0▼ $7,176,448
Other Assets Total$71,834$0▼ $71,834
Liabilities
Other Liabilities$6,531,814--
Accounts Payable and Accrued Expenses$28,580--
Total Liabilities$6,560,394$0▼ $6,560,394
Net Assets / Fund Balance
Total Net Assets Fund Balance$616,054$0▼ $616,054
Total Liabilities and Net Assets / Fund Balance$7,176,448$0▼ $7,176,448
Compensation and Service Providers
Top Officer Pay29th percentile

Board Members and Trustees

NameTitle
Brent ManauChairperson
Michael SneedVice-chairperson
Julie EbersoleDirector
Mary ChristensenDirector
Monty ParksDirector
Julie ParksManager
Adrian KlossingTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$423,127
Investment Income
$38,352
Other Revenue
$4,795
Change in Net Assets
$-378,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$661,016
Salaries, Compensation, and Employee Benefits$183,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$349,756
Other Salaries and Wages---$169,834
Fees for Services Other---$103,185
All Other Expenses---$67,998
Occupancy---$23,040
Other Expenses---$14,875
Payroll Taxes---$14,032
Insurance---$11,365
Depreciation Depletion---$9,292
Fees for Services Accounting---$6,988
Interest---$5,409
Office Expenses---$4,004
Advertising---$1,565
Conferences and Meetings---$194
Total Functional Expenses$0$0$0$844,882
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 2

“Julie parks, president, and monty parks, director have a family relationship.”

Form 990, Part VI, Section A, Line 6

“The credit union is a state of illinois chartered credit union. Membership is open to employees of the norfolk southern, csx, conrail and amtrak railroads, and immediate family members of those employees. In addition, membership is open to anyone who lives or works in kankakee county.”

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

“The governing body is elected from and by the membership annually.”

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

“From time to time, certain decisions will be presented to the membership for a vote, which are then determined on a case by case basis.”

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

“The completed 990 will be reviewed by the executive vice president of finance/cfo of credit union 1.”

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

“The credit union enforces the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The compensation process for top officials included a review and approval by (independent person) the board of directors, comparability data and is recorded in the minutes.”

Form 990, Part VI, Section C, Line 19

“Financial statements were posted in the lobby for the public to view. All other governing documents are not openly available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Kankakee Terminal Belt Credit Union
EIN
36-2274673
Phone
8159391688
Address
1370 W COURT STREET, KANKAKEE, IL 60901

Signing Officer

Name
Scott Mcdonald
Title
CFO/evp Credit Union 1
Phone
8159391688
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Parks
Formed
1953
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
5

Preparer

Firm
Gbq Partners LLC
Address
230 WEST STREET SUITE 700, COLUMBUS, OH 43215
Preparer
Kathy M Moseley
Phone
6142211120
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bank fees 87,349. Credit reports 2,487. Credit card program expense 7,973. Regulatory fees 5,376.”

FORM 990, PART XI, LINE 9:

“Net assets transferred during the merger with credit union 1 -237,446.”

Raw XML AppendixShowing 400 of 428 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/PYInvestmentIncomeAmt015451
IRS990/PYOtherExpensesAmt0192179
IRS990/PYOtherRevenueAmt014066
IRS990/PYProgramServiceRevenueAmt0376961
IRS990/PYRevenuesLessExpensesAmt052978
IRS990/PYSalariesCompEmpBnftPaidAmt0161321
IRS990/PYTotalExpensesAmt0353500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0406478
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-378608
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0616054
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01676153
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LOANS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2BUILDINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4LAND
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5LIABILITY: MEMBERS SHARE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6LIABILITY: OTHER
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt6CREDIT UNION 1
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt62023-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN5370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN6370767435
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0594743
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt15230373
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2111264
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt3604
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt422650
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt55352114
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt6370074
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt6VALUE AS OF DECEMBER 31, 2023
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt4200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt5200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt6200 E CHAMPAIGN AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm6RANTOUL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd6IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd2618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd3618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd4618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd5618662930
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd6618662930
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0MERGER WITH CREDIT UNION 1 WAS APPROVED BY STATE OF ILLINIOS - SEE ATTACHED. LIABILITIES WERE TRANSFERED TO CREDIT UNION 1.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 6C:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JULIE PARKS, PRESIDENT, AND MONTY PARKS, DIRECTOR HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS A STATE OF ILLINOIS CHARTERED CREDIT UNION. MEMBERSHIP IS OPEN TO EMPLOYEES OF THE NORFOLK SOUTHERN, CSX, CONRAIL AND AMTRAK RAILROADS, AND IMMEDIATE FAMILY MEMBERS OF THOSE EMPLOYEES. IN ADDITION, MEMBERSHIP IS OPEN TO ANYONE WHO LIVES OR WORKS IN KANKAKEE COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP FOR A VOTE, WHICH ARE THEN DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPLETED 990 WILL BE REVIEWED BY THE EXECUTIVE VICE PRESIDENT OF FINANCE/CFO OF CREDIT UNION 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CREDIT UNION ENFORCES THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION PROCESS FOR TOP OFFICIALS INCLUDED A REVIEW AND APPROVAL BY (INDEPENDENT PERSON) THE BOARD OF DIRECTORS, COMPARABILITY DATA AND IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS WERE POSTED IN THE LOBBY FOR THE PUBLIC TO VIEW. ALL OTHER GOVERNING DOCUMENTS ARE NOT OPENLY AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BANK FEES 87,349. CREDIT REPORTS 2,487. CREDIT CARD PROGRAM EXPENSE 7,973. REGULATORY FEES 5,376.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NET ASSETS TRANSFERRED DURING THE MERGER WITH CREDIT UNION 1 -237,446.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt07176448
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt07176448
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0844882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06560394
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt06560394
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0616054
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0423127
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038352
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0427922
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0466274
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07176448
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01370 W COURT STREET
IRS990/USAddress/CityNm0KANKAKEE
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060901
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.KTBCU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z

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