Liabilities / Assets
25th percentile
Higher debt load relative to assets than 25% of similar nonprofits.
Generations Credit Union
990 • Fiscal year 2014 • EIN 36-2334218
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.82x
Liabilities / Revenue
47th percentile
Higher debt load relative to revenue than 47% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
42nd percentile
Higher top officer pay than 42% of similar nonprofits.
Top officer pay equals 9.6% of source-year revenue.
Asset Growth
49th percentile
Faster asset growth than 49% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Balance Sheet
Assets
Up$16,311,161
Up $270,782 (+1.7%) from 2013
Net Assets
Up$2,980,766
Up $11,109 (+0.4%) from 2013
Liabilities
Up$13,330,395
Up $259,673 (+2.0%) from 2013
Revenue And Expenses
Revenue
Down$687,358
Down $47,030 (-6.4%) from 2013
Expenses
Down$674,017
Down $48,669 (-6.7%) from 2013
Net Income
Up$13,341
Up $1,639 (+14%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 14, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $687,358
Mission and Program Overview
Mission
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $9,190,939 | $8,544,006 | ▼ $646,933 |
| Investments Other Securities | $4,279,000 | $5,727,000 | ▲ $1,448,000 |
| Rtn Earn Endowment Incm Other Fnds | $2,969,657 | $2,980,766 | ▲ $11,109 |
| Land, Buildings, and Equipment, Net | $1,045,567 | $1,042,938 | ▼ $2,629 |
| Savings and Temporary Cash Investments | $921,468 | $410,287 | ▼ $511,181 |
| Cash and Non-Interest-Bearing Accounts | $263,169 | $262,329 | ▼ $840 |
| Investments in Publicly Traded Securities | $139,194 | $93,833 | ▼ $45,361 |
| Prepaid Expenses and Deferred Charges | $26,360 | $47,669 | ▲ $21,309 |
| Accounts Receivable | $23,566 | $30,233 | ▲ $6,667 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $16,040,379 | $16,311,161 | ▲ $270,782 |
| Other Assets Total | $151,116 | $152,866 | ▲ $1,750 |
| Liabilities | |||
| Other Liabilities | $12,980,046 | $13,230,704 | ▲ $250,658 |
| Accounts Payable and Accrued Expenses | $90,676 | $99,691 | ▲ $9,015 |
| Total Liabilities | $13,070,722 | $13,330,395 | ▲ $259,673 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,969,657 | $2,980,766 | ▲ $11,109 |
| Total Liabilities and Net Assets / Fund Balance | $16,040,379 | $16,311,161 | ▲ $270,782 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $610,938 | $165,521 | $776,459 |
| Land | $361,945 | - | $361,945 |
| Equipment | $41,933 | $265,239 | $307,172 |
| Other Land Buildings | $28,122 | $22,812 | $50,934 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Securities | $5,727,000 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Karen Jurasek | President - Treasurer | FT | $64,205 | $2,123 | $66,328 |
Board Members and Trustees
| 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 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $94
- Program Service Revenue
- $538,940
- Investment Income
- $63,628
- Other Revenue
- $84,696
- All Other Contributions
- $0
- Change in Net Assets
- $13,341
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $357,111 |
| Salaries, Compensation, and Employee Benefits | $316,906 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $184,124 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $66,328 |
| Occupancy | - | - | - | $56,350 |
| Office Expenses | - | - | - | $41,729 |
| Depreciation Depletion | - | - | - | $40,247 |
| Other Employee Benefits | - | - | - | $39,016 |
| Information Technology | - | - | - | $30,820 |
| Payroll Taxes | - | - | - | $25,118 |
| Other Expenses | - | - | - | $23,758 |
| Insurance | - | - | - | $19,710 |
| Advertising | - | - | - | $18,648 |
| Fees for Services Accounting | - | - | - | $18,063 |
| Payments to Affiliates | - | - | - | $7,135 |
| Conferences and Meetings | - | - | - | $4,385 |
| Pension Plan Contributions | - | - | - | $2,320 |
| Interest | - | - | - | $5 |
| Fees for Services Legal | - | - | - | $-6,470 |
| Total Functional Expenses | $0 | $0 | $0 | $674,017 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Shares of Members | $5,799,735 |
| OTHER CLASSES OF SHARES CD'S | $3,976,057 |
| Share Drafts | $1,648,512 |
| Common Shares - Ira | $1,473,518 |
| Club Shares | $332,882 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- 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
- 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 6
“The credit union requires those who have accounts of loans to be members.”
Form 990, Part VI, Section A, Line 7A
“Members vote on individuals who serve on the "Board of Directors" at the annual meeting held each year.”
Form 990, Part VI, Section A, Line 7B
“Members must approve changes in by-laws or mergers.”
Form 990, Part VI, Section B, Line 11B
“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.”
Form 990, Part VI, Section B, Line 12C
“A conflict of interest occurs when a person is in a position to influence the credit unions's transactions that may result in a personal gain to himself or a "relative". For this purpose a "relative" is any person who is related to a person by blood or marriage or with whom a person is cohabiting. It is important that the person disclose to the President/CEO as soon as possible the existence of an actual or potential conflict of interest so that a determination can be made as to whether safeguards can be established to protect all parties. Conflicts by 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 the board would be reviewed by the Chairman 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 participation in the governing body's deliberations and decisions in transactions.”
Form 990, Part VI, Section B, Line 15
“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 2014.”
Form 990, Part VI, Section C, Line 19
“The credit union posts on its office bulletin board the "Conflict of Interest" and financial statements for public viewing.”
Filing and Contact Details
Filer
- Filer Name
- Generations Credit Union
- EIN
- 36-2334218
- Phone
- 8153162900
- Address
- 5618 Harrison Ave, Rockford, IL 61108-8110
Signing Officer
- Name
- Karen Jurasek
- Title
- President
- Phone
- 8153162900
- Signed
- 2015-05-14
Organization Details
- Principal Officer
- Karen Jurasek
- Formed
- 1944
- Legal Domicile
- Il
- Voting Board Members
- 12
- Independent Board Members
- 11
- Employees
- 10
- Volunteers
- 0
Raw XML AppendixShowing 400 of 448 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.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 90676 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 99691 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 23566 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 30233 |
| 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 | 18648 |
| IRS990/AllOtherContributionsAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Karen Jurasek President |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt | 0 | Generations Credit Union |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8153162900 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5618 Harrison Ave |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Rockford |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 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 | 263169 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 262329 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 66328 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4385 |
| 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 | 94 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 63628 |
| IRS990/CYOtherExpensesAmt | 0 | 357111 |
| IRS990/CYOtherRevenueAmt | 0 | 84696 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 538940 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 13341 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 316906 |
| IRS990/CYTotalExpensesAmt | 0 | 674017 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 687358 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 40247 |
| IRS990/Desc | 0 | Provide a Christmas Savings plan, Fortune Plan, Vacation Plan to 410 members, Provided checking accounts to 725 members, and 254 members had IRA's and/or CD's. Also, provided 2447 Share Savings Accounts to our members |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 10 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/ExpenseAmt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 18063 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | -6470 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 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/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 | 2123 |
| 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 |
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| 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 |
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| 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/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 687358 |
| 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 | 30820 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 19710 |
| IRS990/InterestGrp/TotalAmt | 0 | 5 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 63628 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 63628 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 4279000 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 5727000 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 139194 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 93833 |
| IRS990/IRPDocumentCnt | 0 | 487 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 453572 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1045567 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1042938 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1496510 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 94 |
| 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 | 2969657 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2980766 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -2232 |
| IRS990/NoncashContributionsAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 56350 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 41729 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 151116 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 152866 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 39016 |
| IRS990/OtherExpensesGrp/Desc | 0 | DIVIDENDS |
| IRS990/OtherExpensesGrp/Desc | 1 | PROVISION FOR LOAN LOSSES |
| IRS990/OtherExpensesGrp/Desc | 2 | SHARE DRAFT, ATM EXP, CARD SERVICES |
| IRS990/OtherExpensesGrp/Desc | 3 | CASH SHORT, ON LINE BRANCH, OTHER |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 59754 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 15374 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 27603 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 23758 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 12980046 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 13230704 |
| IRS990/OtherOrganizationDsc | 0 | Cooperative |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 524298 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | GROUP INSURANC |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | FEES AND OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 8571 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 76125 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 8571 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 76125 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 84696 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 184124 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 9190939 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 8544006 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 7135 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 25118 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 2320 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 26360 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 47669 |
| IRS990/PrincipalOfficerNm | 0 | Karen Jurasek |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Returned 8.7% 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 2014 there was 617 loans granted to members and provided 351 members with Visa Cards. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 188 new members joined in 2014, while 194 current members left the credit union giving a new membership amount of 2,040 members at the end of the year. (0 0) |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 89 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 63763 |
| IRS990/PYOtherExpensesAmt | 0 | 400329 |
| IRS990/PYOtherRevenueAmt | 0 | 86970 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 583566 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 11702 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 322357 |
| IRS990/PYTotalExpensesAmt | 0 | 722686 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 734388 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 13341 |
| 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 | 2969657 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2980766 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 921468 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 410287 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 610938 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 165521 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 776459 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 41933 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 265239 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 307172 |
| 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 | 28122 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 22812 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 50934 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5799735 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1648512 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 3976057 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 1473518 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 332882 |
| 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 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | CLUB SHARES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 5727000 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | CD'S IN BANKS AND CREDIT UNIONS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1042938 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 5727000 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 13230704 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The credit union requires those who have accounts of 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 of interest occurs when a person is in a position to influence the credit unions's transactions that may result in a personal gain to himself or a "relative". For this purpose a "relative" is any person who is related to a person by blood or marriage or with whom a person is cohabiting. It is important that the person disclose to the President/CEO as soon as possible the existence of an actual or potential conflict of interest so that a determination can be made as to whether safeguards can be established to protect all parties. Conflicts by 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 the board would be reviewed by the Chairman 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 participation in the governing body's deliberations and decisions 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 2014. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The credit union posts on its office bulletin board the "Conflict of Interest" and financial statements 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 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 16040379 |
| IRS990/TotalAssetsEOYAmt | 0 | 16311161 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 16040379 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 16311161 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 94 |
| IRS990/TotalEmployeeCnt | 0 | 10 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 674017 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 13070722 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 13330395 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 13070722 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 13330395 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2969657 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2980766 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $16,311,161
- Liabilities
- $13,330,395
- Net assets
- $2,980,766
- Revenue
- $687,358
- Expenses
- $674,017
- Net income
- $13,341