Civic Intelligence

Heights Auto Workers Credit Union

990 • Fiscal year 2017 • EIN 36-2419943

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 16, 2018

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

19th percentile

0.83x

Higher debt load relative to assets than 19% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

14.65x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

25th percentile

3.7%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

21st percentile

$74,800

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

4th percentile

-6.0%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-1.7%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Down

$35,449,894

Down $2,273,310 (-6.0%) from 2016

Net Assets

Up

$6,049,404

Up $73,698 (+1.2%) from 2016

Liabilities

Down

$29,400,490

Down $2,347,008 (-7.4%) from 2016

Revenue

Down

$2,006,371

Down $35,271 (-1.7%) from 2016

Expenses

Down

$1,932,673

Down $3,791 (-0.2%) from 2016

Net Income

Down

$73,698

Down $31,480 (-30%) from 2016

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

2017

Assets$35,449,894
Liabilities$29,400,490
Net Assets$6,049,404

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

2017

Revenue$2,006,371
Expenses$1,932,673
Net Income$73,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 16, 2018
Return Version
2017v2.2
Gross Receipts
$2,006,371
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.

To provide financial services to members that are rate competetive and convenient

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,633,000$23,283,000▲ $1,650,000
Rtn Earn Endowment Incm Other Fnds$5,975,706$6,049,404▲ $73,698
Other Notes and Loans Receivable, Net$6,858,535$5,661,879▼ $1,196,656
Savings and Temporary Cash Investments$6,860,660$3,962,715▼ $2,897,945
Cash and Non-Interest-Bearing Accounts$1,589,810$1,753,585▲ $163,775
Land, Buildings, and Equipment, Net$404,983$357,422▼ $47,561
Prepaid Expenses and Deferred Charges$29,123$16,431▼ $12,692
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$37,723,204$35,449,894▼ $2,273,310
Other Assets Total$347,093$414,862▲ $67,769
Liabilities
Other Liabilities$31,668,383$29,315,101▼ $2,353,282
Accounts Payable and Accrued Expenses$79,115$85,389▲ $6,274
Total Liabilities$31,747,498$29,400,490▼ $2,347,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,975,706$6,049,404▲ $73,698
Total Liabilities and Net Assets / Fund Balance$37,723,204$35,449,894▼ $2,273,310

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$122,036$249,577$371,613
Equipment$137,354$180,866$318,220
Buildings$31,032$263,575$294,607
Land$67,000-$67,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terrie L DustVice President/ManagerFT$74,800$74,800
JC HeffnerTreaurerPT$12,120$12,120

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,665,856
Investment Income
$340,515
Other Revenue
$0
Change in Net Assets
$73,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,006,371
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,006,371
Total Revenue per Form 990
$2,006,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,412,106
Salaries, Compensation, and Employee Benefits$520,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$335,209
Office Expenses---$304,084
Information Technology---$132,765
Occupancy---$97,565
Current Officers, Directors, Trustees, and Key Employees---$84,311
Depreciation Depletion---$62,837
Other Expenses---$52,627
Other Employee Benefits---$41,036
Pension Plan Contributions---$30,176
Payroll Taxes---$29,835
Insurance---$26,866
All Other Expenses---$14,401
Fees for Services Other---$14,391
Fees for Services Accounting---$11,370
Conferences and Meetings---$9,086
Advertising---$2,744
Total Functional Expenses$0$0$0$1,932,673

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,932,673
Total Expenses per Audited Statements$1,932,673
Total Expenses per Form 990$1,932,673
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Equity$29,315,101
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
No
Conflict-of-interest policy
No
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

Membership consists of individuals with funds on deposit with the Credit Union.

Form 990, Part VI, Section A, line 7A

Members of the Credit Union have the authority to elect the Board of Directors at the annual meeting.

Form 990, Part VI, Section A, line 7B

Members vote on various issues at the annual meeting.

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

Form 990 was reviewed by the President and Operations Manager then presented to the Board prior to filing.

Form 990, Part VI, Section B, line 15A

Compensation s determined by the Executive Committee and reported to the remaining board members.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Heights Auto Workers 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
2018-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrie Dust
Formed
1956
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
5
Employees
16
Volunteers
5

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Avenue, Chicago, IL 60643
Preparer
David J Rambo
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

FIN 48 note in Audited Financial Statements Heights Auto Workers Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax-exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax- exempt purpose. The Credit Union had no unrelated business income in 2017 or 2016 that management believes is subject to taxation. The Credit Union's 2014 through 2017 annual information returns filed with the Internal Revenue Service are open to examination.

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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IRS990ScheduleD/BuildingsGrp/BookValueAmt031032
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0263575
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0294607
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137354
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0180866
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0318220
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01932673
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt067000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt067000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122036
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0249577
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0371613
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029315101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Equity
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02006371
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 note in Audited Financial Statements Heights Auto Workers Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax-exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax- exempt purpose. The Credit Union had no unrelated business income in 2017 or 2016 that management believes is subject to taxation. The Credit Union's 2014 through 2017 annual information returns filed with the Internal Revenue Service are open to examination.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0357422
IRS990ScheduleD/TotalExpensesPerForm990Amt01932673
IRS990ScheduleD/TotalLiabilityAmt029315101
IRS990ScheduleD/TotalRevenuePerForm990Amt02006371
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02006371
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01932673
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership consists of individuals with funds on deposit with the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Credit Union have the authority to elect the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members vote on various issues at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 was reviewed by the President and Operations Manager then presented to the Board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation s determined by the Executive Committee and reported to the remaining board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt037723204
IRS990/TotalAssetsEOYAmt035449894
IRS990/TotalAssetsGrp/BOYAmt037723204
IRS990/TotalAssetsGrp/EOYAmt035449894
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/TotalAmt01932673
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031747498
IRS990/TotalLiabilitiesEOYAmt029400490
IRS990/TotalLiabilitiesGrp/BOYAmt031747498
IRS990/TotalLiabilitiesGrp/EOYAmt029400490
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05975706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06049404
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01665856
IRS990/TotalReportableCompFromOrgAmt086920
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02006371
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02006371
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037723204
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035449894
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021540 Cottage Grove
IRS990/USAddress/CityNm0Chicago Heights
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060411
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.hawcu.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Terrie Dust
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum07087584277
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Heights Auto Workers Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0HEIG
ReturnHeader/Filer/EIN0362419943
ReturnHeader/Filer/PhoneNum07087584277
ReturnHeader/Filer/USAddress/AddressLine1Txt021540 Cottage Grove
ReturnHeader/Filer/USAddress/CityNm0Chicago Heights
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060411
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0561FBA7FBE27046BB70B6DEFE1E9EDE4D70200D4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0561FBA7FBE27046BB70B6DEFE1E9EDE4D70200D4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.84.64.45
ReturnHeader/FilingSecurityInformation/IPDt02018-04-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:16:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363321958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Desmond & Ahern Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010827 S Western Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060643
ReturnHeader/PreparerPersonGrp/PhoneNum07737794720
ReturnHeader/PreparerPersonGrp/PreparationDt02018-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David J Rambo
ReturnHeader/ReturnTs02018-04-16T13:18:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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