Civic Intelligence

Aaec Credit Union

990 • Fiscal year 2016 • EIN 36-2364054

Jan 01, 2016 to Dec 31, 2016 • Filed on May 03, 2017

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

57th percentile

0.89x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

36.60x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

85th percentile

19%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$176,829

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

69th percentile

5.5%

Faster asset growth than 69% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

16%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$78,130,255

Up $4,052,144 (+5.5%) from 2015

Net Assets

Up

$8,339,508

Up $351,319 (+4.4%) from 2015

Liabilities

Up

$69,790,747

Up $3,700,825 (+5.6%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin85th percentile

Revenue

Up

$1,906,997

Up $267,235 (+16%) from 2015

Expenses

Up

$1,544,963

Up $413,976 (+37%) from 2015

Net Income

Down

$362,034

Down $146,741 (-29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2016

Assets$78,130,255
Liabilities$69,790,747
Net Assets$8,339,508
Open 2016 Filing

Operations Trend

Revenue Growth92nd 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

2016

Revenue$1,906,997
Expenses$1,544,963
Net Income$362,034
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 3, 2017
Return Version
2016v3.0
Gross Receipts
$1,906,997
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$50,680,997$50,618,584▼ $62,413
Other Notes and Loans Receivable, Net$16,861,133$21,701,051▲ $4,839,918
Rtn Earn Endowment Incm Other Fnds$7,988,189$8,339,508▲ $351,319
Cash and Non-Interest-Bearing Accounts$5,575,584$4,763,293▼ $812,291
Prepaid Expenses and Deferred Charges$7,661$25,932▲ $18,271
Land, Buildings, and Equipment, Net$36,875$5,079▼ $31,796
Total Assets$74,078,111$78,130,255▲ $4,052,144
Other Assets Total$915,861$1,016,316▲ $100,455
Liabilities
Other Liabilities$65,828,808$69,506,776▲ $3,677,968
Accounts Payable and Accrued Expenses$261,114$283,971▲ $22,857
Total Liabilities$66,089,922$69,790,747▲ $3,700,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,988,189$8,339,508▲ $351,319
Total Liabilities and Net Assets / Fund Balance$74,078,111$78,130,255▲ $4,052,144

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,079$199,241-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill Lindsay--$176,829$53,134$229,963
Jill LindsayPresidentFT$176,829-$176,829

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
$1,218,750
Investment Income
$673,247
Other Revenue
$15,000
Change in Net Assets
$362,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$881,682
Salaries, Compensation, and Employee Benefits$663,281
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$308,450
Current Officers, Directors, Trustees, and Key Employees---$229,963
Other Expenses---$150,000
Other Employee Benefits---$57,954
Office Expenses---$40,649
Occupancy---$35,690
Payroll Taxes---$35,315
Pension Plan Contributions---$31,599
Insurance---$28,916
All Other Expenses---$26,603
Information Technology---$15,201
Conferences and Meetings---$13,377
Fees for Services Accounting---$8,975
Advertising---$8,015
Fees for Services Legal---$1,861
Total Functional Expenses$0$0$0$1,544,963
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$69,506,776
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
2017-05-03
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
9
Volunteers
10

Preparer

Firm
American Eagle Tax & Accounting Inc
Address
10765 SHENANDOAH DRIVE, HUNTLEY, IL 60142
Preparer
Dennis J Wagner CPA
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 Appendix380 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0261114
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0283971
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CREDIT UNION OPERATED FOR MUTUAL PURPOSES TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS TO MEMBERS.
IRS990/AdvertisingGrp/TotalAmt08015
IRS990/AllOtherExpensesGrp/TotalAmt026603
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JILL LINDSAY
IRS990/BooksInCareOfDetail/PhoneNum08473921922
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 S WILKE ROAD SUITE 106
IRS990/BooksInCareOfDetail/USAddress/CityNm0ARLINGTON HEIGHTS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0600051500
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05575584
IRS990/CashNonInterestBearingGrp/EOYAmt04763293
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0229963
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt013377
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0673247
IRS990/CYOtherExpensesAmt0881682
IRS990/CYOtherRevenueAmt015000
IRS990/CYProgramServiceRevenueAmt01218750
IRS990/CYRevenuesLessExpensesAmt0362034
IRS990/CYSalariesCompEmpBnftPaidAmt0663281
IRS990/CYTotalExpensesAmt01544963
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01906997
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0ENCOURAGE THRIFT AMONG MEMBERS. ENABLE MEMBERS TO IMPROVE THEIR NET WORTH.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt08975
IRS990/FeesForServicesLegalGrp/TotalAmt01861
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS ADAM
IRS990/Form990PartVIISectionAGrp/PersonNm1JACK CUTLIP
IRS990/Form990PartVIISectionAGrp/PersonNm2SHARON ELIOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm3RONALD JOY
IRS990/Form990PartVIISectionAGrp/PersonNm4JOYCE MCNEALY
IRS990/Form990PartVIISectionAGrp/PersonNm5NANCY MILNE
IRS990/Form990PartVIISectionAGrp/PersonNm6JAN PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm7TOM PULFORD
IRS990/Form990PartVIISectionAGrp/PersonNm8ERIC SWANSON
IRS990/Form990PartVIISectionAGrp/PersonNm9JOAN WEBER
IRS990/Form990PartVIISectionAGrp/PersonNm10JILL LINDSAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10176829
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01906997
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt015201
IRS990/InsuranceGrp/TotalAmt028916
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0673247
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0199241
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036875
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05079
IRS990/LandBldgEquipCostOrOtherBssAmt0204320
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CREDIT UNION OPERATED FOR MUTUAL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07988189
IRS990/NetAssetsOrFundBalancesEOYAmt08339508
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt035690
IRS990/OfficeExpensesGrp/TotalAmt040649
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0915861
IRS990/OtherAssetsTotalGrp/EOYAmt01016316
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057954
IRS990/OtherExpensesGrp/Desc0DIVIDENDS PAID TO MEMBERS
IRS990/OtherExpensesGrp/Desc1MEMBER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2STATE SUPERVISORY FEE
IRS990/OtherExpensesGrp/Desc3PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/TotalAmt0310121
IRS990/OtherExpensesGrp/TotalAmt1214248
IRS990/OtherExpensesGrp/TotalAmt228026
IRS990/OtherExpensesGrp/TotalAmt3150000
IRS990/OtherLiabilitiesGrp/BOYAmt065828808
IRS990/OtherLiabilitiesGrp/EOYAmt069506776
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/Desc0NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015000
IRS990/OtherRevenueTotalAmt015000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0308450
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt016861133
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021701051
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt035315
IRS990/PensionPlanContributionsGrp/TotalAmt031599
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07661
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025932
IRS990/PrincipalOfficerNm0JILL LINDSAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01119094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229101
IRS990/ProgSrvcAccomActy2Grp/Desc0CREATE A SOURCE OF CREDIT AT A REASONABLE RATE OF INTEREST FOR MEMBERS OF THE CREDIT UNION. AT DECEMBER 31, 2016, THERE WERE 2,022 LOANS AND CREDIT CARDS OUTSTANDING TO MEMBERS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0531396
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0586844
IRS990/PYProgramServiceRevenueAmt01108366
IRS990/PYRevenuesLessExpensesAmt0508775
IRS990/PYSalariesCompEmpBnftPaidAmt0544143
IRS990/PYTotalExpensesAmt01130987
IRS990/PYTotalRevenueAmt01639762
IRS990/ReconcilationRevenueExpnssAmt0362034
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07988189
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08339508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050680997
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050618584
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05079
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0199241
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0204320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069506776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05079
IRS990ScheduleD/TotalLiabilityAmt069506776
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0176829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt037138
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01904
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JILL LINDSAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0229963
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/TotalAssetsBOYAmt074078111
IRS990/TotalAssetsEOYAmt078130255
IRS990/TotalAssetsGrp/BOYAmt074078111
IRS990/TotalAssetsGrp/EOYAmt078130255
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt01544963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066089922
IRS990/TotalLiabilitiesEOYAmt069790747
IRS990/TotalLiabilitiesGrp/BOYAmt066089922
IRS990/TotalLiabilitiesGrp/EOYAmt069790747
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07988189
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08339508
IRS990/TotalProgramServiceRevenueAmt01218750
IRS990/TotalReportableCompFromOrgAmt0176829
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01906997
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01906997
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt074078111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078130255
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL LINDSAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08473921922
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-03
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0726848C379CE594975862F06E3CD7A48858F1897
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0726848C379CE594975862F06E3CD7A48858F1897
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.36.99.98
ReturnHeader/FilingSecurityInformation/IPDt02017-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm017:32:45
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/PreparationDt02017-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS J WAGNER CPA
ReturnHeader/ReturnTs02017-05-11T17:33:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,130,255
Liabilities
$69,790,747
Net assets
$8,339,508
Revenue
$1,906,997
Expenses
$1,544,963
Net income
$362,034
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