Civic Intelligence

Csx Chicago Terminal Credit Union

EIN 36-2313457 • 501(c)14 • Riverdale, IL

Profile

The Credit Union operated for mutual purposes to promote thrift and provide low cost loans to members.

13601 S Perry AvenueRiverdale, IL 60827

www.csxctcu.virtualcu.net

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 2020

Liabilities / Revenue

95th percentile

0.00x

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

501(c)14 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

-67%

Higher net margin than 55% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

Down

$0

Down $6,631,338 (-100%) from 2010

Liabilities

Down

$0

Down $5,286,586 (-100%) from 2010

Net Assets

Down

$0

Down $1,344,752 (-100%) from 2010

Revenue

$111,991

No earlier filing loaded for comparison.

Expenses

Down

$186,926

Down $122,627 (-40%) from 2010

Net Income

-$74,935

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $6,631,338Liabilities 2010: $5,286,586Net Assets 2010: $1,344,7522010Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $309,5532010Revenue 2020: $111,991Expenses 2020: $186,926Net Income 2020: -$74,9352020

Highlighted filing

2020

Revenue$111,991
Expenses$186,926
Net Income-$74,935

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 10, 2021
Return Version
2020v4.1
Gross Receipts
$111,991
Mission and Program Overview

Mission

The Credit Union operated for mutual purposes to promote thrift and provide low cost loans to members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,699,180$0▼ $2,699,180
Rtn Earn Endowment Incm Other Fnds$1,361,053$0▼ $1,361,053
Other Notes and Loans Receivable, Net$755,929$0▼ $755,929
Cash and Non-Interest-Bearing Accounts$306,366$0▼ $306,366
Receivables From Officers Etc$15,114$0▼ $15,114
Prepaid Expenses and Deferred Charges$391$0▼ $391
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$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$3,818,509$0▼ $3,818,509
Other Assets Total$41,529$0▼ $41,529
Liabilities
Other Liabilities$2,452,523$0▼ $2,452,523
Accounts Payable and Accrued Expenses$4,933--
Total Liabilities$2,457,456$0▼ $2,457,456
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,361,053$0▼ $1,361,053
Total Liabilities and Net Assets / Fund Balance$3,818,509$0▼ $3,818,509
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicki BakerPresident/Treasurer/ManagerFT$29,394$29,394

Board Members and Trustees

NameTitle
Douglas KiserChairperson
Michael GasparCredit Committee Chairperson
Sharon IlijanichMembership Chairperson
Darryl H JacksonSupervisory Chairperson
Jeff BealVice Chairperson
Bruce RutkoskiBoard Member
John RuizBoard Member
Rose KubeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$111,991
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-74,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,057
Salaries, Compensation, and Employee Benefits$56,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$69,199
Office Expenses---$31,446
Current Officers, Directors, Trustees, and Key Employees---$29,394
Comp Disqual Persons---$22,383
Other Expenses---$6,506
Fees for Services Accounting---$5,897
Other Employee Benefits---$5,092
Occupancy---$3,200
Insurance---$2,355
Information Technology---$1,871
Total Functional Expenses$0$0$0$186,926
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 Officers, Directors, Trustees, and Key Employees$15,114$0▼ $15,114
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The organization is a state chartered member owned not for profit credit union.

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

Each year the members of the Board of Directors of the credit union are elected by the membership of the credit union.

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

A draft copy of the form 990 was presented and reviewed by the Executive Committee of the Board of Directors prior to filing the Form 990.

Form 990, Part VI, Section C, line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
CSX Chicago Terminal Credit Union
EIN
36-2313457
Phone
7085015100
Address
13601 S Perry Avenue, Riverdale, IL 60827

Signing Officer

Name
Nicki Baker
Title
Manager
Phone
7085015100
Signed
2021-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicki Baker
Formed
1955
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
8

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
Jason L Gierhahn
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Professional and outside services 69,199.

Form 990, Part XI, line 9:

Transferred net equity to Acme Continental Credit Union effective 9/30/20 -1,286,118.

Raw XML Appendix377 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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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: Nicki Baker, President/Treasurer, Manager of CSX Chicago Terminal Credit Union
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Explanation of Involvement: Nicki Baker became an employee of Acme Continental Credit Union. Acme Continental Credit Union acquired 100% interest in CSX Chicago Terminal Credit Union effective September 30, 2020.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is a state chartered member owned not for profit credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each year the members of the Board of Directors of the credit union are elected by the membership of the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A draft copy of the form 990 was presented and reviewed by the Executive Committee of the Board of Directors prior to filing the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Professional and outside services 69,199.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Transferred net equity to Acme Continental Credit Union effective 9/30/20 -1,286,118.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03818509
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt03818509
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0186926
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02457456
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02457456
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01361053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0111991
IRS990/TotalReportableCompFromOrgAmt029394
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0111991
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0111991
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03818509
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013601 S Perry Avenue
IRS990/USAddress/CityNm0Riverdale
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060827
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.csxctcu.virtualcu.net
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicki Baker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/PhoneNum07085015100
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CSX Chicago Terminal Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0CSXC
ReturnHeader/Filer/EIN0362313457
ReturnHeader/Filer/PhoneNum07085015100
ReturnHeader/Filer/USAddress/AddressLine1Txt013601 S Perry Avenue
ReturnHeader/Filer/USAddress/CityNm0Riverdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060827
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DESMOND & AHERN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S WESTERN AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0606433206
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jason L Gierhahn
ReturnHeader/ReturnTs02021-12-10T13:17:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nicki
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Baker
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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