Civic Intelligence

Commonwealth Credit Union

990 • Fiscal year 2018 • EIN 36-2424927

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

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

59th percentile

0.89x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

20.08x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Net Margin

59th percentile

14%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$159,745

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2018

Asset Growth

68th percentile

3.4%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

9.7%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$82,463,867

Up $2,721,395 (+3.4%) from 2017

Net Assets

Up

$8,859,601

Up $1,281,909 (+17%) from 2017

Liabilities

Up

$73,604,266

Up $1,439,486 (+2.0%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin59th percentile

Revenue

Up

$3,664,953

Up $324,558 (+9.7%) from 2017

Expenses

Up

$3,168,484

Up $148,250 (+4.9%) from 2017

Net Income

Up

$496,469

Up $176,308 (+55%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2018

Assets$82,463,867
Liabilities$73,604,266
Net Assets$8,859,601
Open 2018 Filing

Operations Trend

Revenue Growth54th 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

2018

Revenue$3,664,953
Expenses$3,168,484
Net Income$496,469
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$3,664,953
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$63,239,850$66,199,113▲ $2,959,263
Savings and Temporary Cash Investments$11,757,927$11,040,833▼ $717,094
Rtn Earn Endowment Incm Other Fnds$7,577,692$8,859,601▲ $1,281,909
Land, Buildings, and Equipment, Net$1,731,166$1,674,665▼ $56,501
Cash and Non-Interest-Bearing Accounts$756,699$1,282,704▲ $526,005
Accounts Receivable$144,302$158,700▲ $14,398
Prepaid Expenses and Deferred Charges$84,765$120,852▲ $36,087
Investments in Publicly Traded Securities$2,840$2,114▼ $726
Total Assets$79,742,472$82,463,867▲ $2,721,395
Other Assets Total$2,024,923$1,984,886▼ $40,037
Liabilities
Other Liabilities$72,020,371$73,369,352▲ $1,348,981
Accounts Payable and Accrued Expenses$144,409$234,914▲ $90,505
Total Liabilities$72,164,780$73,604,266▲ $1,439,486
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,577,692$8,859,601▲ $1,281,909
Total Liabilities and Net Assets / Fund Balance$79,742,472$82,463,867▲ $2,721,395

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,005,815$1,092,390$2,098,205
Equipment$177,009$748,218$925,227
Land$491,841-$491,841
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
Raeann LovePresident/ce$159,745$159,745
Raeann LovePresident/CEO/treas$159,745$159,745
Todd MeierVP Lending &$103,244$103,244

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
$3,345,110
Investment Income
$207,069
Other Revenue
$112,774
Change in Net Assets
$496,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,664,953
Total Revenue per Audited Statements
$3,664,953
Total Revenue per Form 990
$3,664,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,858,418
Salaries, Compensation, and Employee Benefits$1,310,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$882,090
All Other Expenses---$375,790
Information Technology---$195,786
Interest---$189,229
Current Officers, Directors, Trustees, and Key Employees---$159,745
Depreciation Depletion---$117,079
Other Employee Benefits---$109,900
Occupancy---$104,373
Payroll Taxes---$93,426
Office Expenses---$93,336
Other Expenses---$66,339
Pension Plan Contributions---$64,905
Advertising---$63,577
Fees for Services Accounting---$51,600
Insurance---$40,305
Conferences and Meetings---$31,017
Fees for Services Legal---$18,835
Travel---$1,629
Total Functional Expenses$0$0$0$3,168,484

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,168,484
Total Expenses per Audited Statements$3,168,484
Total Expenses per Form 990$3,168,484
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$73,369,352
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
2019-11-11
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
30

Preparer

Firm
Smith Koelling Dykstra & Ohm Pc
Address
1605 N CONVENT ST, 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 equipment maintenance 49,453 0 0 processing costs 40,645 0 0 credit report 29,702 0 0 outside service - other 28,990 0 0 collections 24,683 0 0 bank charges 24,635 0 0 starphire expenses 23,625 0 0 check free bill pay 23,450 0 0 employee relations 19,786 0 0 dues & subcriptions 18,693 0 0 armored car 8,746 0 0 contributions 8,430 0 0 auto 8,143 0 0 mobile capture expense 7,890 0 0 ira - csg 4,227 0 0 real estate expense 3,595 0 0 epn ach billing 1,200 0 0 miscellanous expense 305 0 0 oreo expense 293 0 0 cash over short 283 0 0 kc expenses 139 0 0 nsf accts and write offs -24 0 0 draft cost -1,499 0 0 total 375,790 0 0”

Form 990, Part XI

“Line 5 - other changes in net assets”

Form 990, Part XI, Line 9

“Other comprehensive income 17,523 equity acquired in merger 767,921 total 785,444”

Financial Statement Notes

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

“Other comprehensive income 0”

Raw XML Appendix376 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/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07577692
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08859601
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt011040833
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IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNC
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
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01092390
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02098205
IRS990ScheduleD/EquipmentGrp/BookValueAmt0177009
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0748218
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0925227
IRS990ScheduleD/ExpensesSubtotalAmt03168484
IRS990ScheduleD/LandGrp/BookValueAmt0491841
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073369352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt03664953
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OTHER COMPREHENSIVE INCOME 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01674665
IRS990ScheduleD/TotalExpensesPerForm990Amt03168484
IRS990ScheduleD/TotalLiabilityAmt073369352
IRS990ScheduleD/TotalRevenuePerForm990Amt03664953
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03664953
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03168484
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IRS990ScheduleJ/CompensationCommitteeInd0X
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IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RAEANN LOVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/TREAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159745
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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 EQUIPMENT MAINTENANCE 49,453 0 0 PROCESSING COSTS 40,645 0 0 CREDIT REPORT 29,702 0 0 OUTSIDE SERVICE - OTHER 28,990 0 0 COLLECTIONS 24,683 0 0 BANK CHARGES 24,635 0 0 STARPHIRE EXPENSES 23,625 0 0 CHECK FREE BILL PAY 23,450 0 0 EMPLOYEE RELATIONS 19,786 0 0 DUES & SUBCRIPTIONS 18,693 0 0 ARMORED CAR 8,746 0 0 CONTRIBUTIONS 8,430 0 0 AUTO 8,143 0 0 MOBILE CAPTURE EXPENSE 7,890 0 0 IRA - CSG 4,227 0 0 REAL ESTATE EXPENSE 3,595 0 0 EPN ACH BILLING 1,200 0 0 MISCELLANOUS EXPENSE 305 0 0 OREO EXPENSE 293 0 0 CASH OVER SHORT 283 0 0 KC EXPENSES 139 0 0 NSF ACCTS AND WRITE OFFS -24 0 0 DRAFT COST -1,499 0 0 TOTAL 375,790 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LINE 5 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER COMPREHENSIVE INCOME 17,523 EQUITY ACQUIRED IN MERGER 767,921 TOTAL 785,444
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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt079742472
IRS990/TotalAssetsEOYAmt082463867
IRS990/TotalAssetsGrp/BOYAmt079742472
IRS990/TotalAssetsGrp/EOYAmt082463867
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03168484
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072164780
IRS990/TotalLiabilitiesEOYAmt073604266
IRS990/TotalLiabilitiesGrp/BOYAmt072164780
IRS990/TotalLiabilitiesGrp/EOYAmt073604266
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07577692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08859601
IRS990/TotalProgramServiceRevenueAmt03345110
IRS990/TotalReportableCompFromOrgAmt0262989
IRS990/TotalRevenueGrp/ExclusionAmt0207069
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03457884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03664953
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt079742472
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082463867
IRS990/TravelGrp/TotalAmt01629
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0563 WM LATHAM
IRS990/USAddress/CityNm0BOURBONNAIS
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IRS990/USAddress/ZIPCd060914
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://CWCU.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAEANN LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum08159377447
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMONWEALTH CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0362424927
ReturnHeader/Filer/PhoneNum08159377447
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 380
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.157.172.194
ReturnHeader/FilingSecurityInformation/IPDt02019-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:46:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362830852
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH KOELLING DYKSTRA & OHM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01605 N CONVENT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOURBONNAIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060914
ReturnHeader/PreparerPersonGrp/PhoneNum08159371997
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARCIE MEENTS KOLBERG
ReturnHeader/ReturnTs02019-11-11T16:46:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,463,867
Liabilities
$73,604,266
Net assets
$8,859,601
Revenue
$3,664,953
Expenses
$3,168,484
Net income
$496,469
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