Civic Intelligence

Commonwealth Credit Union

990 • Fiscal year 2017 • EIN 36-2424927

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 02, 2018

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

0.90x

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

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

21.60x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

51st percentile

9.6%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

56th percentile

$145,129

Higher top officer pay than 56% of similar nonprofits.

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

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

36th percentile

1.9%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

10%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$79,742,472

Up $1,470,157 (+1.9%) from 2016

Net Assets

Up

$7,577,692

Up $256,484 (+3.5%) from 2016

Liabilities

Up

$72,164,780

Up $1,213,673 (+1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin51st percentile

Revenue

Up

$3,340,395

Up $314,724 (+10%) from 2016

Expenses

Up

$3,020,234

Up $158,263 (+5.5%) from 2016

Net Income

Up

$320,161

Up $156,461 (+96%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2017

Assets$79,742,472
Liabilities$72,164,780
Net Assets$7,577,692
Open 2017 Filing

Operations Trend

Revenue Growth76th 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

2017

Revenue$3,340,395
Expenses$3,020,234
Net Income$320,161
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 2, 2018
Return Version
2017v2.3
Gross Receipts
$3,340,395
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$64,121,718$63,239,850▼ $881,868
Savings and Temporary Cash Investments$9,145,955$11,757,927▲ $2,611,972
Rtn Earn Endowment Incm Other Fnds$7,321,208$7,577,692▲ $256,484
Land, Buildings, and Equipment, Net$1,794,473$1,731,166▼ $63,307
Cash and Non-Interest-Bearing Accounts$748,117$756,699▲ $8,582
Accounts Receivable$126,951$144,302▲ $17,351
Prepaid Expenses and Deferred Charges$118,650$84,765▼ $33,885
Investments in Publicly Traded Securities$3,635$2,840▼ $795
Total Assets$78,272,315$79,742,472▲ $1,470,157
Other Assets Total$2,212,816$2,024,923▼ $187,893
Liabilities
Other Liabilities$70,779,900$72,020,371▲ $1,240,471
Accounts Payable and Accrued Expenses$171,207$144,409▼ $26,798
Total Liabilities$70,951,107$72,164,780▲ $1,213,673
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,321,208$7,577,692▲ $256,484
Total Liabilities and Net Assets / Fund Balance$78,272,315$79,742,472▲ $1,470,157

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,039,664$1,047,654$2,087,318
Equipment$199,661$789,090$988,751
Land$491,841-$491,841
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleBaseTotal
Raeann LovePresident/ce$145,129$145,129
Todd MeierVP Lending &$108,116$108,116

Board Members and Trustees

NameTitle
Kenneth TousignantChairperson
John Brack JrVice Chairpe
CHERYL O'BRIENDirector
Carl CavittDirector
H Ralph MarquisDirector
Betty DrechselSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,074,317
Investment Income
$122,896
Other Revenue
$143,182
Change in Net Assets
$320,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,340,395
Total Revenue per Audited Statements
$3,340,395
Total Revenue per Form 990
$3,340,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,703,124
Salaries, Compensation, and Employee Benefits$1,317,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$905,109
All Other Expenses---$314,223
Interest---$186,404
Information Technology---$168,162
Current Officers, Directors, Trustees, and Key Employees---$145,129
Other Employee Benefits---$122,948
Depreciation Depletion---$110,101
Office Expenses---$99,869
Occupancy---$99,151
Payroll Taxes---$94,450
Other Expenses---$58,016
Advertising---$52,953
Fees for Services Accounting---$51,600
Pension Plan Contributions---$49,474
Insurance---$29,878
Conferences and Meetings---$25,420
Fees for Services Legal---$8,855
Travel---$2,240
Total Functional Expenses$0$0$0$3,020,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,020,234
Total Expenses per Audited Statements$3,020,234
Total Expenses per Form 990$3,020,234
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$2,650
Total Exempt Function Spending$2,650

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$2,650
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$72,020,371
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/treas
Phone
8159377447
Signed
2018-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raeann Love
Formed
1951
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
33

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 50,400 0 0 processing costs 36,953 0 0 equipment maintenance 34,171 0 0 outside service - other 27,730 0 0 credit report 26,836 0 0 dues & subcriptions 20,522 0 0 employee relations 20,312 0 0 bank charges 19,020 0 0 collections 15,278 0 0 check free bill pay 13,135 0 0 starphire expenses 12,662 0 0 armored car 8,472 0 0 contributions 8,235 0 0 mobile capture expense 8,184 0 0 auto 3,777 0 0 real estate expense 3,427 0 0 ira - csg 2,710 0 0 epn ach billing 1,200 0 0 nsf accts and write offs 1,056 0 0 oreo expense 756 0 0 miscellanous expense 686 0 0 cash over short 267 0 0 share draft promo exp 200 0 0 draft cost -1,766 0 0 total 314,223 0 0”

Form 990, Part XI

“Line 5 - other changes in net assets”

Form 990, Part XI, Line 9

“Other comprehensive income -63,645 rounding -7 total -63,652”

Financial Statement Notes

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

“Other comprehensive income 0”

Raw XML Appendix368 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/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07321208
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt07577692
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09145955
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011757927
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IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt02650
IRS990ScheduleC/PoliticalExpendituresAmt02650
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02650
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/TotalExemptFunctionExpendAmt02650
IRS990ScheduleD/BuildingsGrp/BookValueAmt01039664
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01047654
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02087318
IRS990ScheduleD/EquipmentGrp/BookValueAmt0199661
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0789090
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0988751
IRS990ScheduleD/ExpensesSubtotalAmt03020234
IRS990ScheduleD/LandGrp/BookValueAmt0491841
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt072020371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt03340395
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OTHER COMPREHENSIVE INCOME 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01731166
IRS990ScheduleD/TotalExpensesPerForm990Amt03020234
IRS990ScheduleD/TotalLiabilityAmt072020371
IRS990ScheduleD/TotalRevenuePerForm990Amt03340395
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03340395
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03020234
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 50,400 0 0 PROCESSING COSTS 36,953 0 0 EQUIPMENT MAINTENANCE 34,171 0 0 OUTSIDE SERVICE - OTHER 27,730 0 0 CREDIT REPORT 26,836 0 0 DUES & SUBCRIPTIONS 20,522 0 0 EMPLOYEE RELATIONS 20,312 0 0 BANK CHARGES 19,020 0 0 COLLECTIONS 15,278 0 0 CHECK FREE BILL PAY 13,135 0 0 STARPHIRE EXPENSES 12,662 0 0 ARMORED CAR 8,472 0 0 CONTRIBUTIONS 8,235 0 0 MOBILE CAPTURE EXPENSE 8,184 0 0 AUTO 3,777 0 0 REAL ESTATE EXPENSE 3,427 0 0 IRA - CSG 2,710 0 0 EPN ACH BILLING 1,200 0 0 NSF ACCTS AND WRITE OFFS 1,056 0 0 OREO EXPENSE 756 0 0 MISCELLANOUS EXPENSE 686 0 0 CASH OVER SHORT 267 0 0 SHARE DRAFT PROMO EXP 200 0 0 DRAFT COST -1,766 0 0 TOTAL 314,223 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LINE 5 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER COMPREHENSIVE INCOME -63,645 ROUNDING -7 TOTAL -63,652
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/TotalAssetsBOYAmt078272315
IRS990/TotalAssetsEOYAmt079742472
IRS990/TotalAssetsGrp/BOYAmt078272315
IRS990/TotalAssetsGrp/EOYAmt079742472
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03020234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070951107
IRS990/TotalLiabilitiesEOYAmt072164780
IRS990/TotalLiabilitiesGrp/BOYAmt070951107
IRS990/TotalLiabilitiesGrp/EOYAmt072164780
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07321208
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07577692
IRS990/TotalProgramServiceRevenueAmt03074317
IRS990/TotalReportableCompFromOrgAmt0253245
IRS990/TotalRevenueGrp/ExclusionAmt0122896
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03217499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03340395
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078272315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt079742472
IRS990/TravelGrp/TotalAmt02240
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0563 WM LATHAM
IRS990/USAddress/CityNm0BOURBONNAIS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060914
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://CWCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAEANN LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum08159377447
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-02
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
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ReturnHeader/Filer/USAddress/ZIPCd060914
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0224F75538DCDA8D45E4CA68704CE8508606EAC22
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01BE9B9B09488AA8C89590E744464981F58347E73
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.157.172.194
ReturnHeader/FilingSecurityInformation/IPDt02018-04-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:05:52
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/PreparationDt02018-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARCIE MEENTS KOLBERG
ReturnHeader/ReturnTs02018-04-03T14:05:52-05:00
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
$79,742,472
Liabilities
$72,164,780
Net assets
$7,577,692
Revenue
$3,340,395
Expenses
$3,020,234
Net income
$320,161
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