Liabilities / Assets
23rd percentile
Higher debt load relative to assets than 23% of similar nonprofits.
990 • Fiscal year 2013 • EIN 36-2334218
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
23rd percentile
Higher debt load relative to assets than 23% of similar nonprofits.
Liabilities / Revenue
41st percentile
Higher debt load relative to revenue than 41% of similar nonprofits.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 10.3% of source-year revenue.
Asset Growth
32nd percentile
Faster asset growth than 32% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
Down$16,040,379
Down $115,324 (-0.7%) from 2012
Net Assets
Up$2,969,657
Up $3,696 (+0.1%) from 2012
Liabilities
Down$13,070,722
Down $119,020 (-0.9%) from 2012
Revenue
$734,388
No earlier filing loaded for comparison.
Expenses
Down$722,686
Down $17,252 (-2.3%) from 2012
Net Income
$11,702
No earlier filing loaded for comparison.
To assist our members in the management of their financial well-being by providing quality low cost loans, a variety of savings accounts and other financial institution services in a friendly and professsional manner.
To assist our members in the management of their financial well-being by providing loans, savings accounts, and other financial institution services in a friendly and professional manner.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $9,969,835 | $9,190,939 | ▼ $778,896 |
| Investments Other Securities | $3,878,000 | $4,279,000 | ▲ $401,000 |
| Rtn Earn Endowment Incm Other Fnds | $2,965,961 | $2,969,657 | ▲ $3,696 |
| Land, Buildings, and Equipment, Net | $1,074,492 | $1,045,567 | ▼ $28,925 |
| Savings and Temporary Cash Investments | $467,270 | $921,468 | ▲ $454,198 |
| Cash and Non-Interest-Bearing Accounts | $214,268 | $263,169 | ▲ $48,901 |
| Investments in Publicly Traded Securities | $347,168 | $139,194 | ▼ $207,974 |
| Prepaid Expenses and Deferred Charges | $26,177 | $26,360 | ▲ $183 |
| Accounts Receivable | $28,830 | $23,566 | ▼ $5,264 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $16,155,703 | $16,040,379 | ▼ $115,324 |
| Other Assets Total | $149,663 | $151,116 | ▲ $1,453 |
| Liabilities | |||
| Other Liabilities | $13,112,149 | $12,980,046 | ▼ $132,103 |
| Accounts Payable and Accrued Expenses | $77,593 | $90,676 | ▲ $13,083 |
| Total Liabilities | $13,189,742 | $13,070,722 | ▼ $119,020 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,965,961 | $2,969,657 | ▲ $3,696 |
| Total Liabilities and Net Assets / Fund Balance | $16,155,703 | $16,040,379 | ▼ $115,324 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $628,438 | $148,021 | $776,459 |
| Equipment | $28,195 | $336,424 | $364,619 |
| Land | $361,945 | - | $361,945 |
| Other Land Buildings | $26,989 | $19,779 | $46,768 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Securities | $4,279,000 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Karen Jurasek | President - Treasurer | FT | $68,866 | $6,576 | $75,442 |
| Name | Title |
|---|---|
| Dale Hillers | Chairman of the Board |
| Robert Boyd | Vice Chairman |
| Arron Koch | Board Member |
| Don Fiedler | Board Member |
| Gary Askegaard | Board Member |
| Joanne Freda | Board Member |
| Jolene Unangst | Board Member |
| Peter Giacommazzo | Board Member |
| Randy Freding | Board Member |
| Wayne Ax | Board Member |
| Cora Budden | Secretary of Board |
| Line Item | Amount |
|---|---|
| Other Expenses | $400,329 |
| Salaries, Compensation, and Employee Benefits | $322,357 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $193,408 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $68,866 |
| Occupancy | - | - | - | $53,009 |
| Office Expenses | - | - | - | $42,192 |
| Depreciation Depletion | - | - | - | $35,075 |
| Payroll Taxes | - | - | - | $31,519 |
| Insurance | - | - | - | $30,800 |
| Other Employee Benefits | - | - | - | $26,442 |
| Advertising | - | - | - | $24,692 |
| Information Technology | - | - | - | $24,385 |
| Other Expenses | - | - | - | $23,248 |
| Fees for Services Accounting | - | - | - | $19,955 |
| Payments to Affiliates | - | - | - | $10,194 |
| Fees for Services Legal | - | - | - | $6,468 |
| Conferences and Meetings | - | - | - | $4,914 |
| Pension Plan Contributions | - | - | - | $2,122 |
| Total Functional Expenses | $0 | $0 | $0 | $722,686 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Amount |
|---|---|
| Political Expenditures | $164 |
| Total Exempt Function Spending | $164 |
| Section 527 Activity Spending | $0 |
| Organization | Location | Amount |
|---|---|---|
| 36-3092340 | - | $164 |
| Liability | Amount |
|---|---|
| Shares of Members | $5,640,738 |
| Other Classes of Shares CD's | $4,120,923 |
| Share Drafts | $1,464,109 |
| Common Shares IRA'S | $1,431,847 |
| Club Shares | $322,429 |
“The credit union requires those who have accounts or loans to be members.”
“Members vote on individuals who serve on the "Board of Directors" at the annual meeting held each year.”
“Members must approve changes in by-laws or mergers.”
“The 990 return is prepared by the credit union's accountant. It is than reviewed and approved by the credit union's president for accuracy and completeness prior to submission to the IRS.”
“A conflict interest occurs when you are in a postion to influence the credit union's transactions that may result in a personal gain to you or a "relative". For this purpose a "relative" is any person who is related to you by blood or marriage, or with whom you are cohabitating. It is important you disclose to the Presdent/CEO as soon as possible the existence of an actual or potential conflict of intersest so that a determination can be made to whether safeguards can be established to protect all parties. As employee and family members accounts are vulnerable to fraud, employees are prohibited from posting transactions to their own accounts. If you or a relateive receives any payment, gift, or other consideration as a result of a sanction or business dealing involving Generations Credit Union, you will have violtated this policy. If you have violated this policy, you maybe subject to disciplinary action up to and including termination. Conflicts for employees are reviewed by the CEO. The Chairman of the Board would review any conflicts of interest related to the CEO. Conflicts of interest for members of lthe board would be reviewed by the Chairmen of the Board and the Supervisory Committee. If there is a conflict of interest with any of the above, the individual would be prohibited from particpating in the governing body's deliberations and decesions in transactions.”
“The position of "President" for the credit union is reviewed and approved by the"Chairman of the Board" and the "'Budget-Operations Committee" concerning the pay level and pay raise for the credit union's president. This was last done in 2013.”
“The credit union posts on the website bulletin information containing the governing documents, conflict of interest and financial reports for public viewing.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 77593 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 90676 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 28830 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 23566 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | To assist our members in the management of their financial well-being by providing loans, savings accounts, and other financial institution services in a friendly and professional manner. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 24692 |
| IRS990/AllOtherContributionsAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | Karen Jurasek President |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2 | 0 | Generations Credit Union |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8153162900 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 5618 Harrison Ave |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | Rockford |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 611088110 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 214268 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 263169 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 68866 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4914 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContriRptFundraisingEventAmt | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 89 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 63763 |
| IRS990/CYOtherExpensesAmt | 0 | 400329 |
| IRS990/CYOtherRevenueAmt | 0 | 86970 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 583566 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 11702 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 322357 |
| IRS990/CYTotalExpensesAmt | 0 | 722686 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 734388 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 35075 |
| IRS990/Desc | 0 | Provide a Christmas Savings plan, Fortune Plan, Vacation Plan to 406 members, Provided checking accounts to 705 members, and 271 members had IRA's and/or CD's. Also, provided 2450 Share Savings Accounts to our members |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 11 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/ExpenseAmt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 19955 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6468 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.5 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 6576 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Jolene Unangst |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Peter Giacommazzo |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Don Fiedler |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Gary Askegaard |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Joanne Freda |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Wayne Ax |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Randy Freding |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Arron Koch |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Dale Hillers |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Robert Boyd |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Cora Budden |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Karen Jurasek |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 68866 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Chairman of the Board |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Secretary of Board |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | President - Treasurer |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/FormationYr | 0 | 1944 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/FundraisingAmt | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GovernmentGrantsAmt | 0 | 0 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 734388 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 24385 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 30800 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 63763 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 63763 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 3878000 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 4279000 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 347168 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 139194 |
| IRS990/IRPDocumentCnt | 0 | 493 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 504224 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1074492 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1045567 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1549791 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 89 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MiscellaneousRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/MissionDesc | 0 | To assist our members in the management of their financial well-being by providing quality low cost loans, a variety of savings accounts and other financial institution services in a friendly and professsional manner. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2965961 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2969657 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -8006 |
| IRS990/NoncashContributionsAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 53009 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 42192 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 149663 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 151116 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 26442 |
| IRS990/OtherExpensesGrp/Desc | 0 | DIVIDENDS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSSES |
| IRS990/OtherExpensesGrp/Desc | 2 | SHARE DRAFT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | Cash Short Over Other Exp, Training |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 60324 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 38897 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 26176 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 23248 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 13112149 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 12980046 |
| IRS990/OtherOrganizationDsc | 0 | Cooperative |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 524298 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | group insurance |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | FEES AND OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8352 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 78618 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 8352 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 78618 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 86970 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 193408 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 9969835 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 9190939 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 10194 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 31519 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2122 |
| IRS990/PoliticalCampaignActyInd | 0 | 1 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 26177 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 26360 |
| IRS990/PrincipalOfficerNm | 0 | KAREN JURASEK |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Returned 6.4% of gross income to members as a dividend to their savings. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Provided Consumer, Home Equity, New and Used Vehicle Loans to members. In 2013 there was 560 loans granted to members and provided 358 members with Visa Cards. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 167 new members joined in 2013, while 178 current members left the credit union giving a new membership amount of 2,046 members at the end of the year. (0 0) |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 86 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 74679 |
| IRS990/PYOtherExpensesAmt | 0 | 401823 |
| IRS990/PYOtherRevenueAmt | 0 | 99809 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 597676 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 32312 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 338115 |
| IRS990/PYTotalExpensesAmt | 0 | 739938 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 772250 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 11702 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 1 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2965961 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2969657 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 467270 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 921468 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleC/Expended527ActivitiesAmt | 0 | 0 |
| IRS990ScheduleC/Form1120POLFiledInd | 0 | 1 |
| IRS990ScheduleC/InternalFundsContributedAmt | 0 | 164 |
| IRS990ScheduleC/PoliticalExpendituresAmt | 0 | 164 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt | 0 | 0 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/EIN | 0 | 363092340 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1 | 0 | Credit Union Political Action Council |
| IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt | 0 | 164 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1 | 0 | 1807 West Diehl Road |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2 | 0 | PO Box 3017 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/City | 0 | Naperville |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/State | 0 | IL |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCode | 0 | 605667107 |
| IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt | 0 | The organization's only political activity is the contribution to Credit Union Political Council that is reported in Parts I-A and I-C of this Schedule C. |
| IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule C, Part I-A, Line 1 |
| IRS990ScheduleC/TotalExemptFunctionExpendAmt | 0 | 164 |
| IRS990ScheduleC/VolunteerHoursCnt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 628438 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 148021 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 776459 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 28195 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 336424 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 364619 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 361945 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 361945 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 26989 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 19779 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 46768 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5640738 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1464109 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 4120923 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 1431847 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 322429 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Shares of Members |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Share Drafts |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Other Classes of Shares CD's |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | Common Shares IRA'S |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | Club Shares |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 4279000 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | CD'S IN BANKS AND CREDIT UNIONS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1045567 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 4279000 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 12980046 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The credit union requires those who have accounts or loans to be members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Members vote on individuals who serve on the "Board of Directors" at the annual meeting held each year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Members must approve changes in by-laws or mergers. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The 990 return is prepared by the credit union's accountant. It is than reviewed and approved by the credit union's president for accuracy and completeness prior to submission to the IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A conflict interest occurs when you are in a postion to influence the credit union's transactions that may result in a personal gain to you or a "relative". For this purpose a "relative" is any person who is related to you by blood or marriage, or with whom you are cohabitating. It is important you disclose to the Presdent/CEO as soon as possible the existence of an actual or potential conflict of intersest so that a determination can be made to whether safeguards can be established to protect all parties. As employee and family members accounts are vulnerable to fraud, employees are prohibited from posting transactions to their own accounts. If you or a relateive receives any payment, gift, or other consideration as a result of a sanction or business dealing involving Generations Credit Union, you will have violtated this policy. If you have violated this policy, you maybe subject to disciplinary action up to and including termination. Conflicts for employees are reviewed by the CEO. The Chairman of the Board would review any conflicts of interest related to the CEO. Conflicts of interest for members of lthe board would be reviewed by the Chairmen of the Board and the Supervisory Committee. If there is a conflict of interest with any of the above, the individual would be prohibited from particpating in the governing body's deliberations and decesions in transactions. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | The position of "President" for the credit union is reviewed and approved by the"Chairman of the Board" and the "'Budget-Operations Committee" concerning the pay level and pay raise for the credit union's president. This was last done in 2013. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The credit union posts on the website bulletin information containing the governing documents, conflict of interest and financial reports for public viewing. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, Line 19 |
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Displayed year
2013 • Form 990Detailed filing. Detailed filing data is available for this year.