Civic Intelligence

Heights Auto Workers Credit Union

990 • Fiscal year 2014 • EIN 36-2419943

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

21540 Cottage GroveChicago Heights, IL 60411

(708) 758-4277

Siviq Scores

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

Liabilities / Assets

17th percentile

0.83x

Higher debt load relative to assets than 17% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

17th percentile

14.18x

Higher debt load relative to revenue than 17% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Net Margin

8th percentile

-8.8%

Higher net margin than 8% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

22nd percentile

$75,190

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2014

Asset Growth

76th percentile

4.7%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

78th percentile

4.1%

Faster revenue growth than 78% of similar nonprofits.

2014 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$35,307,951

Up $1,578,520 (+4.7%) from 2013

Net Assets

Up

$6,001,898

Up $207,177 (+3.6%) from 2013

Liabilities

Up

$29,306,053

Up $1,371,343 (+4.9%) from 2013

Revenue

Up

$2,066,631

Up $82,247 (+4.1%) from 2013

Expenses

Up

$2,247,650

Up $365,325 (+19%) from 2013

Net Income

Down

-$181,019

Down $283,078 (-277%) from 2013

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $29,718,431Liabilities 2010: $23,844,649Net Assets 2010: $5,873,7822010Assets 2011: $33,386,981Liabilities 2011: $27,618,045Net Assets 2011: $5,768,9362011Assets 2012: $33,411,308Liabilities 2012: $27,695,605Net Assets 2012: $5,715,7032012Assets 2013: $33,729,431Liabilities 2013: $27,934,710Net Assets 2013: $5,794,7212013Assets 2014: $35,307,951Liabilities 2014: $29,306,053Net Assets 2014: $6,001,8982014Assets 2015: $38,475,357Liabilities 2015: $32,531,832Net Assets 2015: $5,943,5252015Assets 2016: $37,723,204Liabilities 2016: $31,747,498Net Assets 2016: $5,975,7062016Assets 2017: $35,449,894Liabilities 2017: $29,400,490Net Assets 2017: $6,049,4042017Assets 2018: $34,570,345Liabilities 2018: $28,406,621Net Assets 2018: $6,163,7242018Assets 2019: $34,419,063Liabilities 2019: $28,100,107Net Assets 2019: $6,318,9562019Assets 2020: $36,560,000Liabilities 2020: $30,473,307Net Assets 2020: $6,086,6932020Assets 2021: $32,976,227Liabilities 2021: $27,206,019Net Assets 2021: $5,770,2082021Assets 2022: $30,896,395Liabilities 2022: $24,849,222Net Assets 2022: $6,047,1732022Assets 2023: $29,253,176Liabilities 2023: $23,170,642Net Assets 2023: $6,082,5342023Assets 2024: $28,972,158Liabilities 2024: $22,933,011Net Assets 2024: $6,039,1472024

Highlighted filing

2014

Assets$35,307,951
Liabilities$29,306,053
Net Assets$6,001,898

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,455,4802010Expenses 2011: $1,379,6952011Expenses 2012: $1,652,9662012Revenue 2013: $1,984,384Expenses 2013: $1,882,325Net Income 2013: $102,0592013Revenue 2014: $2,066,631Expenses 2014: $2,247,650Net Income 2014: -$181,0192014Revenue 2015: $1,800,945Expenses 2015: $1,859,318Net Income 2015: -$58,3732015Revenue 2016: $2,041,642Expenses 2016: $1,936,464Net Income 2016: $105,1782016Revenue 2017: $2,006,371Expenses 2017: $1,932,673Net Income 2017: $73,6982017Revenue 2018: $1,992,040Expenses 2018: $1,877,720Net Income 2018: $114,3202018Revenue 2019: $2,088,736Expenses 2019: $1,933,504Net Income 2019: $155,2322019Revenue 2020: $1,594,842Expenses 2020: $1,827,105Net Income 2020: -$232,2632020Revenue 2021: $1,495,261Expenses 2021: $1,811,746Net Income 2021: -$316,4852021Revenue 2022: $2,012,858Expenses 2022: $1,735,893Net Income 2022: $276,9652022Revenue 2023: $1,776,650Expenses 2023: $1,712,929Net Income 2023: $63,7212023Revenue 2024: $1,893,282Expenses 2024: $1,936,669Net Income 2024: -$43,3872024

Highlighted filing

2014

Revenue$2,066,631
Expenses$2,247,650
Net Income-$181,019
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$2,066,631
Mission and Program Overview

Mission

To give members the ability to control their financial destiny by providing members with the means to satisfy their needs for financial services in a comfortable family-like environment. In doing so, the Credit Union strives to maintain long-term relationships with members.

Our mission is provide financial services to members that are rate competative and convenient

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,840,000$12,762,000▲ $2,922,000
Other Notes and Loans Receivable, Net$12,920,250$12,265,242▼ $655,008
Savings and Temporary Cash Investments$8,939,373$7,471,164▼ $1,468,209
Rtn Earn Endowment Incm Other Fnds$5,794,721$6,001,898▲ $207,177
Cash and Non-Interest-Bearing Accounts$658,225$1,435,919▲ $777,694
Land, Buildings, and Equipment, Net$564,185$515,074▼ $49,111
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$33,729,431$35,307,951▲ $1,578,520
Other Assets Total$807,398$858,552▲ $51,154
Liabilities
Other Liabilities$27,846,291$29,192,845▲ $1,346,554
Accounts Payable and Accrued Expenses$88,419$113,208▲ $24,789
Total Liabilities$27,934,710$29,306,053▲ $1,371,343
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,794,721$6,001,898▲ $207,177
Total Liabilities and Net Assets / Fund Balance$33,729,431$35,307,951▲ $1,578,520

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$74,795$15,566$0
Other Land Buildings$166,784$31,351$0
Land$67,000-$0
Equipment$206,495$44,658$0
Leasehold Improvements$0$0$0
Other Securities$12,064,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terrie L DustMgr/ Vice PresidentFT$75,190$75,190
J C HefnerTreasurerPT$12,120$12,120

Board Members and Trustees

NameTitle
Ronald ThompsonPresident
James ValenteDirector
John MontellaDirector
Michael MazzilloDirector
Byron CooperMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,956,267
Investment Income
$110,364
Other Revenue
$0
Change in Net Assets
$-181,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,610,068
Salaries, Compensation, and Employee Benefits$637,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$568,517
Other Salaries and Wages---$459,969
Depreciation Depletion---$91,575
Occupancy---$90,753
Current Officers, Directors, Trustees, and Key Employees---$87,310
Office Expenses---$83,349
Information Technology---$82,569
Payroll Taxes---$33,509
Other Employee Benefits---$33,044
Insurance---$25,759
Pension Plan Contributions---$23,750
Other Expenses---$16,900
Fees for Services Accounting---$16,900
Travel---$8,073
Advertising---$6,856
Conferences and Meetings---$399
Interest---$5
Total Functional Expenses$0$0$0$2,247,650
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Equity$29,192,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

REVIEWED BY TREASURER

Form 990, Part VI, Section B, Line 15

Compensation is board approved

Form 990, Part VI, Section C, Line 19

Upon request report is given

Filing and Contact Details

Filer

Filer Name
Heights AutoWorkers Credit Union
EIN
36-2419943
Phone
7087584277
Address
21540 Cottage Grove, Chicago Heights, IL 60411

Signing Officer

Name
Terrie Dust
Title
Vice President
Phone
7087584277
Signed
2015-05-13

Organization Details

Formed
1956
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
0
Employees
15
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

All other expenses that are not broken down

Form 990, Part XI, Line 9

ACQUIRED THRU MERGER

Form 990, Part XII, Line 1

Their have been no changes

Raw XML AppendixShowing 400 of 417 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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2392276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01261353
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1302638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2392276
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0Provide consumer loans to 2480 members
IRS990/ProgSrvcAccomActy3Grp/Desc0Received deposits on savings from 6834 members
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01895825
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt088559
IRS990/PYRevenuesLessExpensesAmt01421734
IRS990/PYSalariesCompEmpBnftPaidAmt0562650
IRS990/PYTotalExpensesAmt0562650
IRS990/PYTotalRevenueAmt01984384
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-181019
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05794721
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06001898
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08939373
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07471164
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt074795
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015566
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt090361
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0206495
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044658
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0251153
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt067000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt067000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0166784
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031351
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0198135
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029192845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER EQUITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0698000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt112064000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SAVINGS & LOANS C.D
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SIMPLI CD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0515074
IRS990ScheduleD/TotalBookValueSecuritiesAmt012762000
IRS990ScheduleD/TotalLiabilityAmt029192845
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS BOARD APPROVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST REPORT IS GIVEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL OTHER EXPENSES THAT ARE NOT BROKEN DOWN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACQUIRED THRU MERGER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THEIR HAVE BEEN NO CHANGES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033729431
IRS990/TotalAssetsEOYAmt035307951
IRS990/TotalAssetsGrp/BOYAmt033729431
IRS990/TotalAssetsGrp/EOYAmt035307951
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02247650
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027934710
IRS990/TotalLiabilitiesEOYAmt029306053
IRS990/TotalLiabilitiesGrp/BOYAmt027934710
IRS990/TotalLiabilitiesGrp/EOYAmt029306053
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05794721
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06001898
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt01956267
IRS990/TotalReportableCompFromOrgAmt087310
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02066631
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02066631
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033729431
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035307951
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08073
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021540 cottage Grove
IRS990/USAddress/CityNm0Chicago Heights
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060411
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0hawcu.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.0$22.9$6.04$1.89$1.94$0.04
2023Detailed filing. Detailed filing data is available for this year.$29.3$23.2$6.08$1.78$1.71$0.06
2022Detailed filing. Detailed filing data is available for this year.$30.9$24.8$6.05$2.01$1.74$0.28
2021Detailed filing. Detailed filing data is available for this year.$33.0$27.2$5.77$1.50$1.81$0.32
2020Detailed filing. Detailed filing data is available for this year.$36.6$30.5$6.09$1.59$1.83$0.23
2019Detailed filing. Detailed filing data is available for this year.$34.4$28.1$6.32$2.09$1.93$0.16
2018Detailed filing. Detailed filing data is available for this year.$34.6$28.4$6.16$1.99$1.88$0.11
2017Detailed filing. Detailed filing data is available for this year.$35.4$29.4$6.05$2.01$1.93$0.07
2016Detailed filing. Detailed filing data is available for this year.$37.7$31.7$5.98$2.04$1.94$0.11
2015Detailed filing. Detailed filing data is available for this year.$38.5$32.5$5.94$1.80$1.86$0.06
2014Detailed filing. Detailed filing data is available for this year.$35.3$29.3$6.00$2.07$2.25$0.18
2013Detailed filing. Detailed filing data is available for this year.$33.7$27.9$5.79$1.98$1.88$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$27.7$5.72$1.65
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.4$27.6$5.77$1.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.7$23.8$5.87$1.46