Liabilities / Assets
39th percentile
Higher debt load relative to assets than 39% of similar nonprofits.
Generations Credit Union
990 • Fiscal year 2017 • EIN 36-2334218
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.85x
Liabilities / Revenue
50th percentile
Higher debt load relative to revenue than 50% of similar nonprofits.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
50th percentile
Higher top officer pay than 50% of similar nonprofits.
Top officer pay equals 9.3% of source-year revenue.
Asset Growth
28th percentile
Faster asset growth than 28% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Balance Sheet
Assets
Down$18,325,974
Down $203,713 (-1.1%) from 2016
Net Assets
Up$2,822,048
Up $29,062 (+1.0%) from 2016
Liabilities
Down$15,503,926
Down $232,775 (-1.5%) from 2016
Revenue And Expenses
Revenue
Up$794,608
Up $45,012 (+6.0%) from 2016
Expenses
Down$764,725
Down $146,050 (-16%) from 2016
Net Income
Up$29,883
Up $191,062 (+119%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- May 10, 2018
- Return Version
- 2017v2.0
- Gross Receipts
- $794,608
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 | $9,844,225 | $10,080,665 | ▲ $236,440 |
| Investments Other Securities | $6,205,000 | $5,733,000 | ▼ $472,000 |
| Rtn Earn Endowment Incm Other Fnds | $2,792,986 | $2,822,048 | ▲ $29,062 |
| Savings and Temporary Cash Investments | $914,328 | $979,984 | ▲ $65,656 |
| Land, Buildings, and Equipment, Net | $998,626 | $969,793 | ▼ $28,833 |
| Cash and Non-Interest-Bearing Accounts | $306,950 | $311,670 | ▲ $4,720 |
| Accounts Receivable | $42,843 | $44,775 | ▲ $1,932 |
| Investments in Publicly Traded Securities | $39,867 | $23,498 | ▼ $16,369 |
| Prepaid Expenses and Deferred Charges | $11,434 | $22,662 | ▲ $11,228 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $18,529,687 | $18,325,974 | ▼ $203,713 |
| Other Assets Total | $166,414 | $159,927 | ▼ $6,487 |
| Liabilities | |||
| Other Liabilities | $15,374,861 | $15,248,834 | ▼ $126,027 |
| Accounts Payable and Accrued Expenses | $361,840 | $255,092 | ▼ $106,748 |
| Total Liabilities | $15,736,701 | $15,503,926 | ▼ $232,775 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,792,986 | $2,822,048 | ▲ $29,062 |
| Total Liabilities and Net Assets / Fund Balance | $18,529,687 | $18,325,974 | ▼ $203,713 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $558,438 | $218,021 | $776,459 |
| Land | $361,945 | - | $361,945 |
| Equipment | $31,775 | $197,560 | $229,335 |
| Other Land Buildings | $17,635 | $29,133 | $46,768 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Securities | $5,733,000 | - | - |
| Closely Held Equity Interests | $0 | - | - |
| Financial Derivatives | $0 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Karen Jurasek | President - Treasurer | FT | $64,070 | $9,713 | $73,783 |
Board Members and Trustees
| Name | Title |
|---|---|
| Dale Hillers | Chairman of the Board |
| Robert Boyd | Board Vice Chairman |
| Arron Koch | Board Member |
| Don Fiedler | Board Member |
| Gary Askegaard | Board Member |
| Joanne Freda Peterson | Board Member |
| Jolene Unangst | Board Member |
| Peter Giacommazzo | Board Member |
| Randall Freding | Board Member |
| Cora Budden | Secretary of Board |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $80
- Program Service Revenue
- $522,440
- Investment Income
- $115,865
- Other Revenue
- $156,223
- Change in Net Assets
- $29,883
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $401,390 |
| Salaries, Compensation, and Employee Benefits | $363,335 |
| 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 | - | - | - | $227,320 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $73,782 |
| Office Expenses | - | - | - | $70,050 |
| Occupancy | - | - | - | $52,504 |
| Other Employee Benefits | - | - | - | $38,390 |
| Depreciation Depletion | - | - | - | $33,846 |
| Payroll Taxes | - | - | - | $22,414 |
| Fees for Services Accounting | - | - | - | $20,345 |
| Information Technology | - | - | - | $17,725 |
| Advertising | - | - | - | $17,174 |
| Other Expenses | - | - | - | $15,876 |
| Insurance | - | - | - | $13,193 |
| Payments to Affiliates | - | - | - | $10,657 |
| Fees for Services Legal | - | - | - | $4,672 |
| Conferences and Meetings | - | - | - | $4,342 |
| Pension Plan Contributions | - | - | - | $1,429 |
| Interest | - | - | - | $327 |
| Total Functional Expenses | $0 | $0 | $0 | $764,725 |
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 | $8,153,195 |
| Certificates | $2,617,159 |
| Ira Certificates | $2,101,489 |
| Checking | $1,805,674 |
| Fortune Fund Shares | $444,225 |
| Vacation Club | $79,533 |
| Christmas Club | $34,729 |
| Non Traditional Checking | $12,830 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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 an account for loans or savings to be members.”
Form 990, Part VI, Section A, Line 7A
“Members vote on individuals who will 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, who is a member of the Board of Directors, for accuracy and completeness prior to submission to the IRS. There is no review by the other Board of Directors prior to submission.”
Form 990, Part VI, Section B, Line 12C
“A conflict of interest occurs when a person is in a position to influence the credit union'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, marriage or 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. This is so that a determination can be made as to whether safeguards should be established to protect all parties. Conflicts of interest by 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 participating in the governing body's deliberation 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 and pay raises for the credit union's president. This was last done in 2017”
Form 990, Part VI, Section C, Line 19
“The credit union posts on its office bulletin board the "Conflict of Interest" policy. A link to its website in made of the financial statements for public viewing. Other "governing documents" are not made available to the public.”
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
- 2018-05-10
Organization Details
- Principal Officer
- Karen Jurasek
- Formed
- 1944
- Legal Domicile
- Il
- Voting Board Members
- 11
- Independent Board Members
- 10
- Employees
- 12
- Volunteers
- 11
Raw XML AppendixShowing 400 of 441 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 |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 1 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 361840 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 255092 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 42843 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 44775 |
| 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 | 17174 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 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 | 306950 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 311670 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 73782 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4342 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 80 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 115865 |
| IRS990/CYOtherExpensesAmt | 0 | 401390 |
| IRS990/CYOtherRevenueAmt | 0 | 156223 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 522440 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 29883 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 363335 |
| IRS990/CYTotalExpensesAmt | 0 | 764725 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 794608 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 1 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 33846 |
| IRS990/Desc | 0 | Provide a Christmas Savings plan, Fortune Plan, Vacation Plan to 436 members, Provided checking accounts to 692 members, and 228 members had IRA's and/or CD's. Also, provided 1,972 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 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/ExpenseAmt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 20345 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 4672 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| 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 | 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/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 | 9713 |
| 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 Peterson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Randall Freding |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Arron Koch |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Dale Hillers |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Robert Boyd |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Cora Budden |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | 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 | 64070 |
| 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/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 | Chairman of the Board |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Secretary of Board |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | 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/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 794608 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 17725 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 13193 |
| IRS990/InterestGrp/TotalAmt | 0 | 327 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 115865 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 115865 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 6205000 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 5733000 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 39867 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 23498 |
| IRS990/IRPDocumentCnt | 0 | 323 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 444714 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 998626 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 969793 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1414507 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 80 |
| 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 | 2792986 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2822048 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -821 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 52504 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 70050 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 166414 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 159927 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 38390 |
| IRS990/OtherExpensesGrp/Desc | 0 | DIVIDENDS |
| IRS990/OtherExpensesGrp/Desc | 1 | Provision For Loan Losses |
| IRS990/OtherExpensesGrp/Desc | 2 | SHARE DRAFT, ATM EXP, CARD SERVIECES |
| IRS990/OtherExpensesGrp/Desc | 3 | ON LINE BRANCH, FRAUD, TRAINING |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 39130 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 46353 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 55196 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 15876 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 15374861 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 15248834 |
| IRS990/OtherOrganizationDsc | 0 | Cooperative |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 524298 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Group Insurance Income |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | Fees and Other Income |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 12620 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 143603 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 12620 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 143603 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 156223 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 227320 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 9844225 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 10080665 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 10657 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 22414 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 1429 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 11434 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 22662 |
| IRS990/PrincipalOfficerNm | 0 | Karen Jurasek |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 522130 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Loan Interest Income |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 522440 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 522440 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Returned 4.9% 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 2017 there was 734 loans granted to members and provided 365 members with Visa Cards. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 160 new members joined in 2017, while 304 current members left the credit union giving a new membership amount of 1,856 members at the end of the year. (0 0) |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 82 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 99834 |
| IRS990/PYOtherExpensesAmt | 0 | 550082 |
| IRS990/PYOtherRevenueAmt | 0 | 145597 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 504083 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -161179 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 360693 |
| IRS990/PYTotalExpensesAmt | 0 | 910775 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 749596 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 29883 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 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/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2792986 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2822048 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 914328 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 979984 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 558438 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 218021 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 776459 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 31775 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 197560 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 229335 |
| IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd | 0 | C |
| 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 | 17635 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 29133 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 46768 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 8153195 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1805674 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 12830 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 444225 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 34729 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 5 | 79533 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 6 | 2101489 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 7 | 2617159 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SHARES OF MEMBERS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | CHECKING |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | NON TRADITIONAL CHECKING |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | FORTUNE FUND SHARES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | CHRISTMAS CLUB |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | VACATION CLUB |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 6 | IRA CERTIFICATES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 7 | CERTIFICATES |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 5733000 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | CERTIFICATES OF DEPOSIT |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 969793 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 5733000 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 15248834 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The credit union requires those who have an account for loans or savings to be members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Members vote on individuals who will 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, who is a member of the Board of Directors, for accuracy and completeness prior to submission to the IRS. There is no review by the other Board of Directors prior to submission. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A conflict of interest occurs when a person is in a position to influence the credit union'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, marriage or 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. This is so that a determination can be made as to whether safeguards should be established to protect all parties. Conflicts of interest by 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 participating in the governing body's deliberation 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 and pay raises for the credit union's president. This was last done in 2017 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The credit union posts on its office bulletin board the "Conflict of Interest" policy. A link to its website in made of the financial statements for public viewing. Other "governing documents" are not made available to the public. |
| 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 | 18529687 |
| IRS990/TotalAssetsEOYAmt | 0 | 18325974 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 18529687 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 18325974 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 80 |
| IRS990/TotalEmployeeCnt | 0 | 12 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 764725 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 15736701 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 15503926 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 15736701 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 15503926 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2792986 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2822048 |
| IRS990/TotalOtherCompensationAmt | 0 | 9713 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 0 |
| IRS990/TotalOtherProgSrvcGrantAmt | 0 | 0 |
| IRS990/TotalOtherProgSrvcRevenueAmt | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $18,325,974
- Liabilities
- $15,503,926
- Net assets
- $2,822,048
- Revenue
- $794,608
- Expenses
- $764,725
- Net income
- $29,883