Civic Intelligence

Commonwealth Credit Union

990 • Fiscal year 2015 • EIN 36-2424927

Jan 01, 2015 to Dec 31, 2015 • Filed on May 11, 2016

Organization ProfileCWCU.COM

View Organization Page

P O Box 380Bourbonnais, IL 60914

(815) 937-7447

Siviq Scores

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

Liabilities / Assets

75th percentile

0.91x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

78th percentile

23.56x

Higher debt load relative to revenue than 78% of similar nonprofits.

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

Net Margin

33rd percentile

5.1%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

41st percentile

$125,754

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

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

Asset Growth

48th percentile

3.8%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

39th percentile

0.6%

Faster revenue growth than 39% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$76,655,958

Up $2,788,738 (+3.8%) from 2014

Net Assets

Down

$7,212,876

Down $13,377 (-0.2%) from 2014

Liabilities

Up

$69,443,082

Up $2,802,115 (+4.2%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin33rd percentile

Revenue

Up

$2,947,709

Up $17,509 (+0.6%) from 2014

Expenses

Up

$2,796,829

Up $117,127 (+4.4%) from 2014

Net Income

Down

$150,880

Down $99,618 (-40%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$150M$100M$50M$0Assets 2010: $61,394,031Liabilities 2010: $54,630,183Net Assets 2010: $6,763,8482010Assets 2011: $61,996,910Liabilities 2011: $55,411,482Net Assets 2011: $6,585,4282011Assets 2012: $67,512,388Liabilities 2012: $60,963,321Net Assets 2012: $6,549,0672012Assets 2013: $69,062,211Liabilities 2013: $61,944,601Net Assets 2013: $7,117,6102013Assets 2014: $73,867,220Liabilities 2014: $66,640,967Net Assets 2014: $7,226,2532014Assets 2015: $76,655,958Liabilities 2015: $69,443,082Net Assets 2015: $7,212,8762015Assets 2016: $78,272,315Liabilities 2016: $70,951,107Net Assets 2016: $7,321,2082016Assets 2017: $79,742,472Liabilities 2017: $72,164,780Net Assets 2017: $7,577,6922017Assets 2018: $82,463,867Liabilities 2018: $73,604,266Net Assets 2018: $8,859,6012018Assets 2019: $84,998,155Liabilities 2019: $75,551,455Net Assets 2019: $9,446,7002019Assets 2020: $97,013,268Liabilities 2020: $87,183,573Net Assets 2020: $9,829,6952020Assets 2021: $107,784,960Liabilities 2021: $96,917,382Net Assets 2021: $10,867,5782021Assets 2022: $118,201,063Liabilities 2022: $106,551,206Net Assets 2022: $11,649,8572022Assets 2023: $116,608,531Liabilities 2023: $103,810,410Net Assets 2023: $12,798,1212023Assets 2024: $118,326,005Liabilities 2024: $104,120,271Net Assets 2024: $14,205,7342024

Highlighted filing

2015

Assets$76,655,958
Liabilities$69,443,082
Net Assets$7,212,876
Open 2015 Filing

Operations Trend

Revenue Growth39th percentile

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

$6.0M$4.0M$2.0M$0Expenses 2010: $3,244,2262010Expenses 2011: $2,936,9042011Expenses 2012: $2,857,1392012Revenue 2013: $3,044,543Expenses 2013: $2,868,828Net Income 2013: $175,7152013Revenue 2014: $2,930,200Expenses 2014: $2,679,702Net Income 2014: $250,4982014Revenue 2015: $2,947,709Expenses 2015: $2,796,829Net Income 2015: $150,8802015Revenue 2016: $3,025,671Expenses 2016: $2,861,971Net Income 2016: $163,7002016Revenue 2017: $3,340,395Expenses 2017: $3,020,234Net Income 2017: $320,1612017Revenue 2018: $3,664,953Expenses 2018: $3,168,484Net Income 2018: $496,4692018Revenue 2019: $4,126,981Expenses 2019: $3,444,117Net Income 2019: $682,8642019Revenue 2020: $3,812,813Expenses 2020: $3,378,213Net Income 2020: $434,6002020Revenue 2021: $4,169,993Expenses 2021: $3,295,023Net Income 2021: $874,9702021Revenue 2022: $4,135,024Expenses 2022: $3,437,216Net Income 2022: $697,8082022Revenue 2023: $5,142,679Expenses 2023: $4,053,135Net Income 2023: $1,089,5442023Revenue 2024: $5,885,489Expenses 2024: $4,576,283Net Income 2024: $1,309,2062024

Highlighted filing

2015

Revenue$2,947,709
Expenses$2,796,829
Net Income$150,880
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 11, 2016
Return Version
2015v2.1
Gross Receipts
$2,947,709
Mission and Program Overview

Mission

Commonwealth credit union, building lifelong relationships one member at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$57,658,771$59,832,811▲ $2,174,040
Savings and Temporary Cash Investments$10,935,403$11,732,910▲ $797,507
Rtn Earn Endowment Incm Other Fnds$7,226,253$7,212,876▼ $13,377
Land, Buildings, and Equipment, Net$1,893,323$1,825,099▼ $68,224
Cash and Non-Interest-Bearing Accounts$840,336$765,779▼ $74,557
Prepaid Expenses and Deferred Charges$764,534$138,800▼ $625,734
Accounts Receivable$138,799$125,207▼ $13,592
Investments in Publicly Traded Securities$5,601$4,608▼ $993
Total Assets$73,867,220$76,655,958▲ $2,788,738
Other Assets Total$1,630,453$2,230,744▲ $600,291
Liabilities
Other Liabilities$66,404,299$69,287,144▲ $2,882,845
Accounts Payable and Accrued Expenses$236,668$155,938▼ $80,730
Total Liabilities$66,640,967$69,443,082▲ $2,802,115
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,226,253$7,212,876▼ $13,377
Total Liabilities and Net Assets / Fund Balance$73,867,220$76,655,958▲ $2,788,738

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,117,655$960,686$2,078,341
Equipment$215,603$740,389$955,992
Land$491,841-$491,841
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleBaseTotal
Raeann LovePresident/ce$125,754$125,754
Todd MeierVP Lending &$101,357$101,357

Board Members and Trustees

NameTitle
Kenneth TousignantChairperson
John Brack JrVice Chairpe
Carl CavittDirector
H Ralph MarquisDirector
Rick ManuelDirector
Betty DrechselSecretary
David CagleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,775,375
Investment Income
$41,671
Other Revenue
$130,663
Change in Net Assets
$150,880

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,947,709
Revenue Not Reported on Form 990
$-164,257
Total Revenue per Audited Statements
$2,783,452
Total Revenue per Form 990
$2,947,709
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,604,325
Salaries, Compensation, and Employee Benefits$1,192,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$846,633
All Other Expenses---$283,097
Interest---$182,001
Information Technology---$154,063
Current Officers, Directors, Trustees, and Key Employees---$125,754
Depreciation Depletion---$109,767
Other Employee Benefits---$94,604
Payroll Taxes---$90,110
Occupancy---$88,743
Office Expenses---$78,506
Advertising---$57,385
Other Expenses---$57,023
Fees for Services Accounting---$43,300
Pension Plan Contributions---$35,403
Insurance---$26,482
Conferences and Meetings---$23,500
Fees for Services Legal---$18,120
Travel---$6,103
Total Functional Expenses$0$0$0$2,796,829

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,796,829
Total Expenses per Audited Statements$2,796,829
Total Expenses per Form 990$2,796,829
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,500
Total Exempt Function Spending$2,500

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$2,500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$69,287,144
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is a state of illinois chartered credit union. Membership is open to anyone living in kankakee, ford, will or iroquois counties.”

Form 990, Page 6, Part VI, Line 7A

“The governing body is made from individuals of the membership. The membership body elects individuals to be on the board.”

Form 990, Page 6, Part VI, Line 11B

“Management reviews the 990 before signing.”

Form 990, Page 6, Part VI, Line 12C

“The board members are informed when they take office and once a year after that that they must inform the board of any conflict of interest when it appears. This is not a written policy, but is communicated verbally.”

Form 990, Page 6, Part VI, Line 15A

“Compensation of top management officials includes a review and approval by independent persons, comparability data which is recorded in the minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available by means of a bulletin board at the credit union and at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
Commonwealth Credit Union
EIN
36-2424927
Phone
8159377447
Address
P O BOX 380, BOURBONNAIS, IL 60914

Signing Officer

Name
Raeann Love
Title
President/CEO
Phone
8159377447
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raeann Love
Formed
1951
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
30

Preparer

Firm
Smith Koelling Dykstra & Ohm Pc
Address
1605 N CONVENT, BOURBONNAIS, IL 60914
Preparer
Marcie Meents Kolberg
Phone
8159371997
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Stmt processing 46,200 0 0 processing costs 34,983 0 0 equipment maintenance 31,537 0 0 outside service - other 25,799 0 0 credit report 23,771 0 0 bank charges 21,608 0 0 dues & subcriptions 19,620 0 0 employee relations 16,861 0 0 collections 11,144 0 0 draft cost 10,035 0 0 armoured car 8,289 0 0 contributions 7,511 0 0 auto 5,400 0 0 mobile capture expense 4,828 0 0 share draft promo exp 4,000 0 0 oreo expense 3,814 0 0 ira - csg 3,272 0 0 real estate expense 1,859 0 0 epn ach billing 1,020 0 0 miscellanous expense 982 0 0 nsf accts and write offs 603 0 0 cash over short -39 0 0”

Form 990, Part XI

“Line 5 - other changes in net assets”

Form 990, Part XI, Line 9

“Other comprehensive income -164,249 total -164,249”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Other comprehensive income -164,249”

Raw XML Appendix371 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/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt025126
IRS990/PYOtherExpensesAmt01482937
IRS990/PYOtherRevenueAmt074836
IRS990/PYProgramServiceRevenueAmt02830238
IRS990/PYRevenuesLessExpensesAmt0250498
IRS990/PYSalariesCompEmpBnftPaidAmt01196765
IRS990/PYTotalExpensesAmt02679702
IRS990/PYTotalRevenueAmt02930200
IRS990/ReconcilationRevenueExpnssAmt0150880
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07226253
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07212876
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010935403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011732910
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt02500
IRS990ScheduleC/PoliticalExpendituresAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 WEST DIEHL ROAD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2Txt0PO BOX 3107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0NAPERVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd0605667107
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0COMMONWEALTH CREDIT UNION IS A MEMBER OF CUPAC (CREDIT UNION POLITICAL ACTION COUNCIL). CONTRIBUTIONS ARE SENT TO CUPAC THAT ARE THEN USED INDIRECTLY FOR POLITICAL ACTIVITIES.
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CUPAC THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE C, PART IV
IRS990ScheduleC/TotalExemptFunctionExpendAmt02500
IRS990ScheduleD/BuildingsGrp/BookValueAmt01117655
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0960686
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02078341
IRS990ScheduleD/EquipmentGrp/BookValueAmt0215603
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0740389
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0955992
IRS990ScheduleD/ExpensesSubtotalAmt02796829
IRS990ScheduleD/LandGrp/BookValueAmt0491841
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491841
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-8
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt069287144
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/OtherRevenueAmt0-164249
IRS990ScheduleD/RevenueNotReportedAmt0-164257
IRS990ScheduleD/RevenueSubtotalAmt02947709
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OTHER COMPREHENSIVE INCOME -164,249
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01825099
IRS990ScheduleD/TotalExpensesPerForm990Amt02796829
IRS990ScheduleD/TotalLiabilityAmt069287144
IRS990ScheduleD/TotalRevenuePerForm990Amt02947709
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02783452
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02796829
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A STATE OF ILLINOIS CHARTERED CREDIT UNION. MEMBERSHIP IS OPEN TO ANYONE LIVING IN KANKAKEE, FORD, WILL OR IROQUOIS COUNTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS MADE FROM INDIVIDUALS OF THE MEMBERSHIP. THE MEMBERSHIP BODY ELECTS INDIVIDUALS TO BE ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT REVIEWS THE 990 BEFORE SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MEMBERS ARE INFORMED WHEN THEY TAKE OFFICE AND ONCE A YEAR AFTER THAT THAT THEY MUST INFORM THE BOARD OF ANY CONFLICT OF INTEREST WHEN IT APPEARS. THIS IS NOT A WRITTEN POLICY, BUT IS COMMUNICATED VERBALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF TOP MANAGEMENT OFFICIALS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA WHICH IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE BY MEANS OF A BULLETIN BOARD AT THE CREDIT UNION AND AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6STMT PROCESSING 46,200 0 0 PROCESSING COSTS 34,983 0 0 EQUIPMENT MAINTENANCE 31,537 0 0 OUTSIDE SERVICE - OTHER 25,799 0 0 CREDIT REPORT 23,771 0 0 BANK CHARGES 21,608 0 0 DUES & SUBCRIPTIONS 19,620 0 0 EMPLOYEE RELATIONS 16,861 0 0 COLLECTIONS 11,144 0 0 DRAFT COST 10,035 0 0 ARMOURED CAR 8,289 0 0 CONTRIBUTIONS 7,511 0 0 AUTO 5,400 0 0 MOBILE CAPTURE EXPENSE 4,828 0 0 SHARE DRAFT PROMO EXP 4,000 0 0 OREO EXPENSE 3,814 0 0 IRA - CSG 3,272 0 0 REAL ESTATE EXPENSE 1,859 0 0 EPN ACH BILLING 1,020 0 0 MISCELLANOUS EXPENSE 982 0 0 NSF ACCTS AND WRITE OFFS 603 0 0 CASH OVER SHORT -39 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LINE 5 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER COMPREHENSIVE INCOME -164,249 TOTAL -164,249
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt073867220
IRS990/TotalAssetsEOYAmt076655958
IRS990/TotalAssetsGrp/BOYAmt073867220
IRS990/TotalAssetsGrp/EOYAmt076655958
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02796829
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066640967
IRS990/TotalLiabilitiesEOYAmt069443082
IRS990/TotalLiabilitiesGrp/BOYAmt066640967
IRS990/TotalLiabilitiesGrp/EOYAmt069443082
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07226253
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07212876
IRS990/TotalProgramServiceRevenueAmt02775375
IRS990/TotalReportableCompFromOrgAmt0227111
IRS990/TotalRevenueGrp/ExclusionAmt041671
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02906038
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02947709
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt073867220
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt076655958
IRS990/TravelGrp/TotalAmt06103
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0563 WM LATHAM
IRS990/USAddress/CityNm0BOURBONNAIS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060914
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTP://CWCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAEANN LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08159377447
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMONWEALTH CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0362424927
ReturnHeader/Filer/PhoneNum08159377447
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 380
ReturnHeader/Filer/USAddress/CityNm0BOURBONNAIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060914
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362830852
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH KOELLING DYKSTRA & OHM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01605 N CONVENT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOURBONNAIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060914
ReturnHeader/PreparerPersonGrp/PhoneNum08159371997
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARCIE MEENTS KOLBERG
ReturnHeader/ReturnTs02016-05-16T14:06:11-05:00
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
$76,655,958
Liabilities
$69,443,082
Net assets
$7,212,876
Revenue
$2,947,709
Expenses
$2,796,829
Net income
$150,880
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$104$14.2$5.89$4.58$1.31
2023Detailed filing. Detailed filing data is available for this year.$117$104$12.8$5.14$4.05$1.09
2022Detailed filing. Detailed filing data is available for this year.$118$107$11.6$4.14$3.44$0.70
2021Detailed filing. Detailed filing data is available for this year.$108$96.9$10.9$4.17$3.30$0.87
2020Detailed filing. Detailed filing data is available for this year.$97.0$87.2$9.83$3.81$3.38$0.43
2019Detailed filing. Detailed filing data is available for this year.$85.0$75.6$9.45$4.13$3.44$0.68
2018Detailed filing. Detailed filing data is available for this year.$82.5$73.6$8.86$3.66$3.17$0.50
2017Detailed filing. Detailed filing data is available for this year.$79.7$72.2$7.58$3.34$3.02$0.32
2016Detailed filing. Detailed filing data is available for this year.$78.3$71.0$7.32$3.03$2.86$0.16
2015Detailed filing. Detailed filing data is available for this year.$76.7$69.4$7.21$2.95$2.80$0.15
2014Detailed filing. Detailed filing data is available for this year.$73.9$66.6$7.23$2.93$2.68$0.25
2013Detailed filing. Detailed filing data is available for this year.$69.1$61.9$7.12$3.04$2.87$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.5$61.0$6.55$2.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.0$55.4$6.59$2.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.4$54.6$6.76$3.24