Civic Intelligence

Bakelite Ottawa Plastics Credit Union

990 • Fiscal year 2017 • EIN 36-2418919

Jan 01, 2017 to Dec 31, 2017 • Filed on May 03, 2018

Organization Profilewww.firstchoicecu.com

View Organization Page

311 E Joliet StOttawa, IL 61350

(815) 434-5860

Siviq Scores

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

Liabilities / Assets

67th percentile

0.89x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

23.10x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

3rd percentile

-26%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$84,921

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

33rd percentile

-0.6%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2017

Revenue Growth

10th percentile

-4.6%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$11,972,611

Down $138,669 (-1.1%) from 2015

Net Assets

Down

$1,340,033

Down $250,051 (-16%) from 2015

Liabilities

Up

$10,632,578

Up $111,382 (+1.1%) from 2015

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin3rd percentile

Revenue

Down

$460,198

Down $45,096 (-8.9%) from 2015

Expenses

Up

$578,262

Up $69,712 (+14%) from 2015

Net Income

Down

-$118,064

Down $114,808 (-3526%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$15M$10M$5.0M$0Assets 2010: $10,757,665Liabilities 2010: $9,439,907Net Assets 2010: $1,317,7582010Assets 2011: $10,629,046Liabilities 2011: $9,183,697Net Assets 2011: $1,445,3492011Assets 2012: $11,464,397Liabilities 2012: $9,919,344Net Assets 2012: $1,545,0532012Assets 2013: $11,644,863Liabilities 2013: $10,075,849Net Assets 2013: $1,569,0142013Assets 2014: $11,600,843Liabilities 2014: $10,007,503Net Assets 2014: $1,593,3402014Assets 2015: $12,111,280Liabilities 2015: $10,521,196Net Assets 2015: $1,590,0842015Assets 2017: $11,972,611Liabilities 2017: $10,632,578Net Assets 2017: $1,340,0332017Assets 2018: $11,780,879Liabilities 2018: $10,550,583Net Assets 2018: $1,230,2962018Assets 2019: $12,134,554Liabilities 2019: $10,841,826Net Assets 2019: $1,292,7282019Assets 2020: $12,351,265Liabilities 2020: $11,084,126Net Assets 2020: $1,267,1392020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$11,972,611
Liabilities$10,632,578
Net Assets$1,340,033
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $593,8682010Expenses 2011: $478,7752011Expenses 2012: $490,9102012Revenue 2013: $547,150Expenses 2013: $523,189Net Income 2013: $23,9612013Revenue 2014: $526,501Expenses 2014: $504,919Net Income 2014: $21,5822014Revenue 2015: $505,294Expenses 2015: $508,550Net Income 2015: -$3,2562015Revenue 2017: $460,198Expenses 2017: $578,262Net Income 2017: -$118,0642017Revenue 2018: $506,648Expenses 2018: $600,385Net Income 2018: -$93,7372018Revenue 2019: $611,202Expenses 2019: $588,860Net Income 2019: $22,3422019Revenue 2020: $557,773Expenses 2020: $592,584Net Income 2020: -$34,8112020Revenue 2021: $364,347Expenses 2021: $485,508Net Income 2021: -$121,1612021

Highlighted filing

2017

Revenue$460,198
Expenses$578,262
Net Income-$118,064
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 3, 2018
Return Version
2017v2.2
Gross Receipts
$460,198
Mission and Program Overview

Mission

To provide security of savings and selected financial services to its members in a convenient, responsive manner, at competitive rates, while maintaining financial stability and adequate capital within the organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,596,184$7,008,894▼ $587,290
Other Notes and Loans Receivable, Net$3,393,695$3,556,425▲ $162,730
Cap Stk Tr Prin Current Funds$1,458,097$1,340,033▼ $118,064
Savings and Temporary Cash Investments-$630,708-
Land, Buildings, and Equipment, Net$353,118$343,570▼ $9,548
Cash and Non-Interest-Bearing Accounts$244,693$295,029▲ $50,336
Receivables From Officers Etc$81,461--
Prepaid Expenses and Deferred Charges$29,611$8,022▼ $21,589
Total Assets$11,782,224$11,972,611▲ $190,387
Other Assets Total$83,462$129,963▲ $46,501
Liabilities
Other Liabilities$10,294,751$10,604,642▲ $309,891
Accounts Payable and Accrued Expenses$29,376$27,936▼ $1,440
Total Liabilities$10,324,127$10,632,578▲ $308,451
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,458,097$1,340,033▼ $118,064
Total Liabilities and Net Assets / Fund Balance$11,782,224$11,972,611▲ $190,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$168,777$206,704-
Land$125,000--
Equipment$49,793$291,330-
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diane M JohnsonPresidentFT$66,000$18,921$84,921

Board Members and Trustees

NameTitle
Robert J BeguinChairman
Robert D WilsonVice Chairman
James P KleinDirector
Phyllis a DonahueDirector
Richard E ScottDirector
Stephen E SchaibleyDirector
Thomas G GaniereDirector
Mark R BongartzSecretary
Terry W WilletTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$354,756
Investment Income
$105,442
Other Revenue
$0
Change in Net Assets
$-118,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,543
Salaries, Compensation, and Employee Benefits$285,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$162,036
Other Salaries and Wages---$158,855
Current Officers, Directors, Trustees, and Key Employees---$84,921
Occupancy---$26,424
Other Employee Benefits---$23,036
All Other Expenses---$22,248
Depreciation Depletion---$21,214
Payroll Taxes---$17,136
Other Expenses---$12,153
Advertising---$10,548
Fees for Services Accounting---$7,000
Fees for Services Other---$6,280
Travel---$2,288
Pension Plan Contributions---$1,771
Interest---$570
Total Functional Expenses$0$0$0$578,262
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$81,461--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares and Savings Accounts$10,604,642
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
First Choice Credit Union
EIN
36-2418919
Phone
8154345860
Address
311 E JOLIET ST, OTTAWA, IL 61350

Signing Officer

Name
Diane Johnson
Title
President
Phone
8154345860
Signed
2018-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Johnson
Formed
1953
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
9

Preparer

Firm
Lmhn Ltd
Address
900 N Webster St PO Box 87, Taylorville, IL 62568
Preparer
Richard K Hooper
Phone
2178249661
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“The credit union is a member owned financial institution.”

Pt VI, Line 7A

“The governing body is elected from and by the membership annually”

Pt VI, Line 7B

“The membership for a vote, which is determined on a case by case basis”

Pt VI, Line 11B

“Copies of the final form 990 and schedules were supplied to each board member prior to being filed with the irs. Board members were asked to review the return individually and to contact the return preparer, other board members, or executive officers with any questions or concerns.”

Pt VI, Line 19

“The credit union's governing documents and financial statements are available to the public upon request.”

Form 990, Part IX, Line 24E

“DUES 9635.”

Form 990, Part IX, Line 24E

“Provision for loan losses 12613.”

Raw XML Appendix341 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP FOR A VOTE, WHICH IS DETERMINED ON A CASE BY CASE BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE SUPPLIED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DUES 9635.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROVISION FOR LOAN LOSSES 12613.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011782224
IRS990/TotalAssetsEOYAmt011972611
IRS990/TotalAssetsGrp/BOYAmt011782224
IRS990/TotalAssetsGrp/EOYAmt011972611
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010324127
IRS990/TotalLiabilitiesEOYAmt010632578
IRS990/TotalLiabilitiesGrp/BOYAmt010324127
IRS990/TotalLiabilitiesGrp/EOYAmt010632578
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01458097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01340033
IRS990/TotalOtherCompensationAmt018921
IRS990/TotalProgramServiceRevenueAmt0354756
IRS990/TotalReportableCompFromOrgAmt066000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0460198
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0460198
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011782224
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011972611
IRS990/TravelGrp/TotalAmt02288
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0311 E JOLIET ST
IRS990/USAddress/CityNm0OTTAWA
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061350
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.firstchoicecu.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08154345860
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CHOICE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0362418919
ReturnHeader/Filer/PhoneNum08154345860
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 E JOLIET ST
ReturnHeader/Filer/USAddress/CityNm0OTTAWA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061350
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05A9E16916EA525D5F415DEB457774754D8EFD5CE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09BC8A9ED3246B4657A50282BDD4082D9D5CEA101
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.9.116.36
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm005:23:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LMHN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 N Webster St PO Box 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Taylorville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062568
ReturnHeader/PreparerPersonGrp/PhoneNum02178249661
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD K HOOPER
ReturnHeader/ReturnTs02018-05-14T05:24:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,972,611
Liabilities
$10,632,578
Net assets
$1,340,033
Revenue
$460,198
Expenses
$578,262
Net income
-$118,064
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.36$0.49$0.12
2020Detailed filing. Detailed filing data is available for this year.$12.4$11.1$1.27$0.56$0.59$0.03
2019Detailed filing. Detailed filing data is available for this year.$12.1$10.8$1.29$0.61$0.59$0.02
2018Detailed filing. Detailed filing data is available for this year.$11.8$10.6$1.23$0.51$0.60$0.09
2017Detailed filing. Detailed filing data is available for this year.$12.0$10.6$1.34$0.46$0.58$0.12
2015Detailed filing. Detailed filing data is available for this year.$12.1$10.5$1.59$0.51$0.51$0.00
2014Detailed filing. Detailed filing data is available for this year.$11.6$10.0$1.59$0.53$0.50$0.02
2013Detailed filing. Detailed filing data is available for this year.$11.6$10.1$1.57$0.55$0.52$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$9.92$1.55$0.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$9.18$1.45$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$9.44$1.32$0.59