Civic Intelligence

Aaec Credit Union

990 • Fiscal year 2015 • EIN 36-2364054

Jan 01, 2015 to Dec 31, 2015 • Filed on May 02, 2016

Organization Profilewww.aaeccu.com

View Organization Page

115 S Wilke RdArlington Heights, IL 60005-1500

(847) 392-1922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.89x

Higher debt load relative to assets than 53% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

40.30x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Net Margin

98th percentile

31%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$211,704

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2015

Asset Growth

72nd percentile

6.7%

Faster asset growth than 72% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

8.3%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$74,078,111

Up $4,683,946 (+6.7%) from 2014

Net Assets

Up

$7,988,189

Up $498,060 (+6.6%) from 2014

Liabilities

Up

$66,089,922

Up $4,185,886 (+6.8%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin98th percentile

Revenue

Up

$1,639,762

Up $125,229 (+8.3%) from 2014

Expenses

Down

$1,130,987

Down $43,812 (-3.7%) from 2014

Net Income

Up

$508,775

Up $169,041 (+50%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $60,556,183Liabilities 2010: $54,507,791Net Assets 2010: $6,048,3922010Assets 2011: $62,429,973Liabilities 2011: $55,974,260Net Assets 2011: $6,455,7132011Assets 2012: $65,013,802Liabilities 2012: $58,216,870Net Assets 2012: $6,796,9322012Assets 2013: $68,467,178Liabilities 2013: $61,321,471Net Assets 2013: $7,145,7072013Assets 2014: $69,394,165Liabilities 2014: $61,904,036Net Assets 2014: $7,490,1292014Assets 2015: $74,078,111Liabilities 2015: $66,089,922Net Assets 2015: $7,988,1892015Assets 2016: $78,130,255Liabilities 2016: $69,790,747Net Assets 2016: $8,339,5082016Assets 2017: $80,010,375Liabilities 2017: $71,163,697Net Assets 2017: $8,846,6782017Assets 2018: $81,884,092Liabilities 2018: $72,381,910Net Assets 2018: $9,502,1822018Assets 2019: $80,259,682Liabilities 2019: $69,842,868Net Assets 2019: $10,416,8142019Assets 2020: $92,193,677Liabilities 2020: $80,906,751Net Assets 2020: $11,286,9262020Assets 2021: $101,236,695Liabilities 2021: $89,087,787Net Assets 2021: $12,148,9082021Assets 2022: $100,605,056Liabilities 2022: $87,732,011Net Assets 2022: $12,873,0452022Assets 2023: $98,327,683Liabilities 2023: $84,576,766Net Assets 2023: $13,750,9172023Assets 2024: $106,878,953Liabilities 2024: $93,299,655Net Assets 2024: $13,579,2982024

Highlighted filing

2015

Assets$74,078,111
Liabilities$66,089,922
Net Assets$7,988,189
Open 2015 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $1,640,0812010Expenses 2011: $1,424,3302011Expenses 2012: $1,468,8092012Revenue 2013: $1,516,097Expenses 2013: $1,143,882Net Income 2013: $372,2152013Revenue 2014: $1,514,533Expenses 2014: $1,174,799Net Income 2014: $339,7342014Revenue 2015: $1,639,762Expenses 2015: $1,130,987Net Income 2015: $508,7752015Revenue 2016: $1,906,997Expenses 2016: $1,544,963Net Income 2016: $362,0342016Revenue 2017: $2,108,249Expenses 2017: $1,592,374Net Income 2017: $515,8752017Revenue 2018: $2,565,197Expenses 2018: $1,896,968Net Income 2018: $668,2292018Revenue 2019: $2,830,465Expenses 2019: $1,926,548Net Income 2019: $903,9172019Revenue 2020: $2,652,079Expenses 2020: $1,784,646Net Income 2020: $867,4332020Revenue 2021: $2,614,877Expenses 2021: $1,736,152Net Income 2021: $878,7252021Revenue 2022: $2,569,769Expenses 2022: $1,800,091Net Income 2022: $769,6782022Revenue 2023: $3,206,186Expenses 2023: $2,327,645Net Income 2023: $878,5412023Revenue 2024: $4,054,418Expenses 2024: $3,294,693Net Income 2024: $759,7252024

Highlighted filing

2015

Revenue$1,639,762
Expenses$1,130,987
Net Income$508,775
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 2, 2016
Return Version
2015v2.1
Gross Receipts
$1,639,762
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$49,696,155$50,680,997▲ $984,842
Other Notes and Loans Receivable, Net$15,607,193$16,861,133▲ $1,253,940
Rtn Earn Endowment Incm Other Fnds$7,490,129$7,988,189▲ $498,060
Cash and Non-Interest-Bearing Accounts$3,206,885$5,575,584▲ $2,368,699
Land, Buildings, and Equipment, Net-$36,875-
Prepaid Expenses and Deferred Charges$7,351$7,661▲ $310
Total Assets$69,394,165$74,078,111▲ $4,683,946
Other Assets Total$876,581$915,861▲ $39,280
Liabilities
Other Liabilities$61,654,392$65,828,808▲ $4,174,416
Accounts Payable and Accrued Expenses$249,644$261,114▲ $11,470
Total Liabilities$61,904,036$66,089,922▲ $4,185,886
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,490,129$7,988,189▲ $498,060
Total Liabilities and Net Assets / Fund Balance$69,394,165$74,078,111▲ $4,683,946

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,875$199,599-
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill LindsayPresidentFT$211,704-$211,704
Jill Lindsay--$175,078$36,626$211,704

Board Members and Trustees

NameTitle
Eric SwansonDirector
Jack CutlipDirector
Jan PhillipsDirector
Joan WeberDirector
Joyce McnealyDirector
Nancy MilneDirector
Ronald JoyDirector
Sharon EliopoulosDirector
Thomas AdamDirector
Tom PulfordDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,108,366
Investment Income
$531,396
Other Revenue
$0
Change in Net Assets
$508,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,844
Salaries, Compensation, and Employee Benefits$544,143
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$232,451
Current Officers, Directors, Trustees, and Key Employees---$211,704
Office Expenses---$58,862
All Other Expenses---$47,125
Other Employee Benefits---$44,897
Occupancy---$35,234
Payroll Taxes---$29,072
Pension Plan Contributions---$26,019
Other Expenses---$22,328
Conferences and Meetings---$20,763
Information Technology---$11,040
Advertising---$9,175
Fees for Services Accounting---$8,875
Fees for Services Legal---$1,085
Depreciation Depletion---$625
Interest---$16
Insurance---$-3,091
Total Functional Expenses$0$0$0$1,130,987
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Accounts$65,828,808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Aaec Credit Union
EIN
36-2364054
Phone
8473921922
Address
115 S WILKE RD, ARLINGTON HEIGHTS, IL 60005-1500

Signing Officer

Name
Jill Lindsay
Title
President
Phone
8473921922
Signed
2016-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Lindsay
Formed
1955
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
7
Volunteers
10

Preparer

Firm
American Eagle Tax & Accounting Inc
Address
10765 SHENANDOAH DRIVE, HUNTLEY, IL 60142
Preparer
Dennis J Wagner
Phone
8475153100
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

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

Pt VI, Line 7A

“Each year, the members of the board of directors of the credit union are elected by the membership of the credit union.”

Pt VI, Line 11B

“The credit union engages an outside tax preparer to prepare the annual form 990. A draft copy of the form 990 is presented to the president of the credit union for review on behalf of the board of directors prior to filing.”

Pt VI, Line 15A

“Each year, the members of the board of directors of the credit union meet to discuss and approve compensation and benefits for the president of the credit union. The board of directors reviews comparative information in determining compensation for the president of the credit union.”

Pt VI, Line 19

“The credit union makes its governing documents and financial statements available to members upon request. The credit union also complies with all state & federal laws & regulations to make these documents available to the public.”

Pt VI, Line 2

“Joyce mcnealy & eric swanson - "family relationship".”

Raw XML Appendix360 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
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IRS990/PYProgramServiceRevenueAmt01046924
IRS990/PYRevenuesLessExpensesAmt0339734
IRS990/PYSalariesCompEmpBnftPaidAmt0620936
IRS990/PYTotalExpensesAmt01174799
IRS990/PYTotalRevenueAmt01514533
IRS990/ReconcilationRevenueExpnssAmt0508775
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07490129
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07988189
IRS990/SavingsAndTempCashInvstGrp/BOYAmt049696155
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050680997
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt036875
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199599
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0236474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065828808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036875
IRS990ScheduleD/TotalLiabilityAmt065828808
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt036626
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JILL LINDSAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0211704
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ANNUAL SALARY AND BENEFITS PAID TO THE PRESIDENT OF THE CREDIT UNION ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A STATE-CHARTERED MEMBER-OWNED NOT-FOR-PROFIT CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR, THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CREDIT UNION ARE ELECTED BY THE MEMBERSHIP OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION ENGAGES AN OUTSIDE TAX PREPARER TO PREPARE THE ANNUAL FORM 990. A DRAFT COPY OF THE FORM 990 IS PRESENTED TO THE PRESIDENT OF THE CREDIT UNION FOR REVIEW ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, THE MEMBERS OF THE BOARD OF DIRECTORS OF THE CREDIT UNION MEET TO DISCUSS AND APPROVE COMPENSATION AND BENEFITS FOR THE PRESIDENT OF THE CREDIT UNION. THE BOARD OF DIRECTORS REVIEWS COMPARATIVE INFORMATION IN DETERMINING COMPENSATION FOR THE PRESIDENT OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS UPON REQUEST. THE CREDIT UNION ALSO COMPLIES WITH ALL STATE & FEDERAL LAWS & REGULATIONS TO MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JOYCE MCNEALY & ERIC SWANSON - "FAMILY RELATIONSHIP".
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt069394165
IRS990/TotalAssetsEOYAmt074078111
IRS990/TotalAssetsGrp/BOYAmt069394165
IRS990/TotalAssetsGrp/EOYAmt074078111
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt01130987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061904036
IRS990/TotalLiabilitiesEOYAmt066089922
IRS990/TotalLiabilitiesGrp/BOYAmt061904036
IRS990/TotalLiabilitiesGrp/EOYAmt066089922
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07490129
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07988189
IRS990/TotalProgramServiceRevenueAmt01108366
IRS990/TotalReportableCompFromOrgAmt0211704
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01639762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01639762
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069394165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt074078111
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 S WILKE RD SUITE 106
IRS990/USAddress/CityNm0ARLINGTON HEIGHTS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0600051500
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.aaeccu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL LINDSAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08473921922
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AAEC CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0AAEC
ReturnHeader/Filer/EIN0362364054
ReturnHeader/Filer/PhoneNum08473921922
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 S WILKE RD
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON HEIGHTS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0600051500
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AMERICAN EAGLE TAX & ACCOUNTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010765 SHENANDOAH DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUNTLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060142
ReturnHeader/PreparerPersonGrp/PhoneNum08475153100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS J WAGNER
ReturnHeader/ReturnTs02016-05-06T16:28:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,078,111
Liabilities
$66,089,922
Net assets
$7,988,189
Revenue
$1,639,762
Expenses
$1,130,987
Net income
$508,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$107$93.3$13.6$4.05$3.29$0.76
2023Detailed filing. Detailed filing data is available for this year.$98.3$84.6$13.8$3.21$2.33$0.88
2022Detailed filing. Detailed filing data is available for this year.$101$87.7$12.9$2.57$1.80$0.77
2021Detailed filing. Detailed filing data is available for this year.$101$89.1$12.1$2.61$1.74$0.88
2020Detailed filing. Detailed filing data is available for this year.$92.2$80.9$11.3$2.65$1.78$0.87
2019Detailed filing. Detailed filing data is available for this year.$80.3$69.8$10.4$2.83$1.93$0.90
2018Detailed filing. Detailed filing data is available for this year.$81.9$72.4$9.50$2.57$1.90$0.67
2017Detailed filing. Detailed filing data is available for this year.$80.0$71.2$8.85$2.11$1.59$0.52
2016Detailed filing. Detailed filing data is available for this year.$78.1$69.8$8.34$1.91$1.54$0.36
2015Detailed filing. Detailed filing data is available for this year.$74.1$66.1$7.99$1.64$1.13$0.51
2014Detailed filing. Detailed filing data is available for this year.$69.4$61.9$7.49$1.51$1.17$0.34
2013Detailed filing. Detailed filing data is available for this year.$68.5$61.3$7.15$1.52$1.14$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.0$58.2$6.80$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.4$56.0$6.46$1.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$54.5$6.05$1.64