Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
70th percentile
Higher net margin than 70% of similar nonprofits.
Top Officer Pay
66th percentile
Higher top officer pay than 66% of similar nonprofits.
Top officer pay equals 4.0% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
86th percentile
Faster revenue growth than 86% of similar nonprofits.
Assets
Up$84,998,155
Up $2,534,288 (+3.1%) from 2018
Net Assets
Up$9,446,700
Up $587,099 (+6.6%) from 2018
Liabilities
Up$75,551,455
Up $1,947,189 (+2.6%) from 2018
Revenue
Up$4,126,981
Up $462,028 (+13%) from 2018
Expenses
Up$3,444,117
Up $275,633 (+8.7%) from 2018
Net Income
Up$682,864
Up $186,395 (+38%) from 2018
Commonwealth credit union, building lifelong relationships one member at a time.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $66,199,113 | $62,170,559 | ▼ $4,028,554 |
| Savings and Temporary Cash Investments | $11,040,833 | $18,407,702 | ▲ $7,366,869 |
| Rtn Earn Endowment Incm Other Fnds | $8,859,601 | $9,446,700 | ▲ $587,099 |
| Land, Buildings, and Equipment, Net | $1,674,665 | $1,613,313 | ▼ $61,352 |
| Cash and Non-Interest-Bearing Accounts | $1,282,704 | $794,759 | ▼ $487,945 |
| Accounts Receivable | $158,700 | $166,928 | ▲ $8,228 |
| Prepaid Expenses and Deferred Charges | $120,852 | $85,832 | ▼ $35,020 |
| Investments in Publicly Traded Securities | $2,114 | $1,460 | ▼ $654 |
| Total Assets | $82,463,867 | $84,998,155 | ▲ $2,534,288 |
| Other Assets Total | $1,984,886 | $1,757,602 | ▼ $227,284 |
| Liabilities | |||
| Other Liabilities | $73,369,352 | $75,297,278 | ▲ $1,927,926 |
| Accounts Payable and Accrued Expenses | $234,914 | $254,177 | ▲ $19,263 |
| Total Liabilities | $73,604,266 | $75,551,455 | ▲ $1,947,189 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $8,859,601 | $9,446,700 | ▲ $587,099 |
| Total Liabilities and Net Assets / Fund Balance | $82,463,867 | $84,998,155 | ▲ $2,534,288 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $961,897 | $1,134,833 | $2,096,730 |
| Equipment | $159,575 | $709,009 | $868,584 |
| Land | $491,841 | - | $491,841 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Raeann Love | President/ce | FT | $163,448 | $163,448 |
| Raeann Love | President/CEO/treas | - | $163,448 | $163,448 |
| Todd Meier | VP of Lendin | FT | $106,942 | $106,942 |
| Name | Title |
|---|---|
| Kenneth Tousignant | Chairperson |
| John Brack Jr | Vice Chairpe |
| CHERYL O'BRIEN | Director |
| Carl Cavitt | Director |
| H Ralph Marquis | Director |
| Betty Drechsel | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $2,057,172 |
| Salaries, Compensation, and Employee Benefits | $1,386,945 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $924,830 |
| All Other Expenses | - | - | - | $444,131 |
| Interest | - | - | - | $243,208 |
| Information Technology | - | - | - | $205,603 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $163,448 |
| Other Employee Benefits | - | - | - | $118,009 |
| Office Expenses | - | - | - | $114,465 |
| Occupancy | - | - | - | $111,861 |
| Depreciation Depletion | - | - | - | $103,894 |
| Payroll Taxes | - | - | - | $97,378 |
| Pension Plan Contributions | - | - | - | $83,280 |
| Other Expenses | - | - | - | $70,000 |
| Advertising | - | - | - | $67,015 |
| Insurance | - | - | - | $57,705 |
| Fees for Services Accounting | - | - | - | $51,600 |
| Conferences and Meetings | - | - | - | $36,292 |
| Fees for Services Legal | - | - | - | $16,469 |
| Travel | - | - | - | $5,098 |
| Total Functional Expenses | $0 | $0 | $0 | $3,444,117 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,444,117 |
| Total Expenses per Audited Statements | $3,444,117 |
| Total Expenses per Form 990 | $3,444,117 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Amount |
|---|---|
| Political Expenditures | $2,500 |
| Total Exempt Function Spending | $2,500 |
| Organization | Location | Amount |
|---|---|---|
| 36-3092340 | Naperville, IL | $2,500 |
| Liability | Amount |
|---|---|
| Member Share Accounts | $75,297,278 |
“The credit union is a state of illinois chartered credit union. Anyone who lives or works in kankakee, ford, iroquois, grundy, kendell, livingston and will counties is eligible for membership.”
“The governing body is made from individuals of the membership. The membership body elects individuals to be on the board.”
“Management reviews the 990 before signing.”
“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.”
“Compensation of top management officials includes a review and approval by independent persons, comparability data which is recorded in the minutes.”
“Governing documents are made available by means of a bulletin board at the credit union and at the annual meeting.”
“Loan processing 67,997 0 0 equipment maintenance 54,641 0 0 stmt processing 50,400 0 0 processing costs 40,706 0 0 outside service - other 31,546 0 0 starphire expenses 27,392 0 0 check free bill pay 27,229 0 0 bank charges 24,318 0 0 credit report 23,863 0 0 employee relations 20,706 0 0 dues & subcriptions 18,557 0 0 contributions 10,585 0 0 collections 10,030 0 0 real estate expense 9,600 0 0 armored car 8,921 0 0 mobile capture expense 6,901 0 0 auto 4,362 0 0 ira - csg 3,634 0 0 epn ach billing 2,000 0 0 nsf accts and write offs 544 0 0 kc expenses 427 0 0 miscellanous expense 328 0 0 draft cost -268 0 0 cash over short -288 0 0 total 444,131 0 0”
“Other comprehensive income -95,756”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 234914 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 254177 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 158700 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 166928 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | COMMONWEALTH CREDIT UNION, BUILDING LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 67015 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 444131 |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RAEANN LOVE |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8159377447 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 563 WM LATHAM DR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BOURBONNAIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60914 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1282704 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 794759 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 163448 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 36292 |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 328188 |
| IRS990/CYOtherExpensesAmt | 0 | 2057172 |
| IRS990/CYOtherRevenueAmt | 0 | 123006 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 3675787 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 682864 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1386945 |
| IRS990/CYTotalExpensesAmt | 0 | 3444117 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4126981 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 103894 |
| IRS990/Desc | 0 | COMMONWEALTH CREDIT UNION SERVES MEMBERS IN KANKAKEE, FORD, IROQUOIS, GRUNDY, KENDELL, LIVINGSTON AND WILL COUNTIES IN ILLINOIS BY PROVIDING LOW COST FINANCIAL SERVICES. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 32 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 51600 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 16469 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | RAEANN LOVE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TODD MEIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | CARL CAVITT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BETTY DRECHSEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN BRACK JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | H RALPH MARQUIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | CHERYL O'BRIEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | KENNETH TOUSIGNANT |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 163448 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 106942 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/CE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VP OF LENDIN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE CHAIRPE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | CHAIRPERSON |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1951 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 4126981 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 205603 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 57705 |
| IRS990/InterestGrp/TotalAmt | 0 | 243208 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 328188 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 328188 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 2114 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 1460 |
| IRS990/IRPDocumentCnt | 0 | 1379 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1843842 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 1674665 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1613313 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 3457155 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | true |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | COMMONWEALTH CREDIT UNION, BUILDING LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 8859601 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 9446700 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -9 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 111861 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 114465 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1984886 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1757602 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -95756 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 118009 |
| IRS990/OtherExpensesGrp/Desc | 0 | CREDIT/DEBIT CARD EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | LOSS ON IMPAIRMENT |
| IRS990/OtherExpensesGrp/Desc | 2 | VIRTUAL BRANCH |
| IRS990/OtherExpensesGrp/Desc | 3 | PROVISION LOAN LOSS |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 352698 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 102572 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 74561 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 70000 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 73369352 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 75297278 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 123006 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 123006 |
| IRS990/OtherRevenueTotalAmt | 0 | 123006 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 924830 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 66199113 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 62170559 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 97378 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 83280 |
| IRS990/PoliciesReferenceChaptersInd | 0 | true |
| IRS990/PoliticalCampaignActyInd | 0 | true |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 120852 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 85832 |
| IRS990/PrincipalOfficerNm | 0 | RAEANN LOVE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN INTEREST |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SERVICE FEES AND INTERCHANGE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2852558 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 823229 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2852558 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 823229 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 207069 |
| IRS990/PYOtherExpensesAmt | 0 | 1858418 |
| IRS990/PYOtherRevenueAmt | 0 | 112774 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3345110 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 496469 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1310066 |
| IRS990/PYTotalExpensesAmt | 0 | 3168484 |
| IRS990/PYTotalRevenueAmt | 0 | 3664953 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 682864 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 8859601 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9446700 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 11040833 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 18407702 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleC/Form1120POLFiledInd | 0 | true |
| IRS990ScheduleC/InternalFundsContributedAmt | 0 | 2500 |
| IRS990ScheduleC/PoliticalExpendituresAmt | 0 | 2500 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/EIN | 0 | 363092340 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt | 0 | CREDIT UNION POLITICAL ACTION COUNC |
| IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt | 0 | 2500 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt | 0 | 1807 WEST DIEHL ROAD |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2Txt | 0 | PO BOX 3107 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm | 0 | NAPERVILLE |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd | 0 | 605667107 |
| IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt | 0 | COMMONWEALTH 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/ExplanationTxt | 1 | THE 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/FormAndLineReferenceDesc | 0 | SCHEDULE C, PART I-A, LINE 1 |
| IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE C, PART IV |
| IRS990ScheduleC/TotalExemptFunctionExpendAmt | 0 | 2500 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 961897 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1134833 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2096730 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 159575 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 709009 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 868584 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3444117 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 491841 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 491841 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 75297278 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | MEMBER SHARE ACCOUNTS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 4126981 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1613313 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3444117 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 75297278 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4126981 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4126981 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3444117 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompensationCommitteeInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/IndependentConsultantInd | 0 | X |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 163448 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | RAEANN LOVE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT/CEO/TREAS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 163448 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CREDIT UNION IS A STATE OF ILLINOIS CHARTERED CREDIT UNION. ANYONE WHO LIVES OR WORKS IN KANKAKEE, FORD, IROQUOIS, GRUNDY, KENDELL, LIVINGSTON AND WILL COUNTIES IS ELIGIBLE FOR MEMBERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE GOVERNING BODY IS MADE FROM INDIVIDUALS OF THE MEMBERSHIP. THE MEMBERSHIP BODY ELECTS INDIVIDUALS TO BE ON THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MANAGEMENT REVIEWS THE 990 BEFORE SIGNING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COMPENSATION OF TOP MANAGEMENT OFFICIALS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA WHICH IS RECORDED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS ARE MADE AVAILABLE BY MEANS OF A BULLETIN BOARD AT THE CREDIT UNION AND AT THE ANNUAL MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | LOAN PROCESSING 67,997 0 0 EQUIPMENT MAINTENANCE 54,641 0 0 STMT PROCESSING 50,400 0 0 PROCESSING COSTS 40,706 0 0 OUTSIDE SERVICE - OTHER 31,546 0 0 STARPHIRE EXPENSES 27,392 0 0 CHECK FREE BILL PAY 27,229 0 0 BANK CHARGES 24,318 0 0 CREDIT REPORT 23,863 0 0 EMPLOYEE RELATIONS 20,706 0 0 DUES & SUBCRIPTIONS 18,557 0 0 CONTRIBUTIONS 10,585 0 0 COLLECTIONS 10,030 0 0 REAL ESTATE EXPENSE 9,600 0 0 ARMORED CAR 8,921 0 0 MOBILE CAPTURE EXPENSE 6,901 0 0 AUTO 4,362 0 0 IRA - CSG 3,634 0 0 EPN ACH BILLING 2,000 0 0 NSF ACCTS AND WRITE OFFS 544 0 0 KC EXPENSES 427 0 0 MISCELLANOUS EXPENSE 328 0 0 DRAFT COST -268 0 0 CASH OVER SHORT -288 0 0 TOTAL 444,131 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | OTHER COMPREHENSIVE INCOME -95,756 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 24E |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 82463867 |
| IRS990/TotalAssetsEOYAmt | 0 | 84998155 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 82463867 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 84998155 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 32 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3444117 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 73604266 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 75551455 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 73604266 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 75551455 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 8859601 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 9446700 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 3675787 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 270390 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 328188 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3798793 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 4126981 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 82463867 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 84998155 |
| IRS990/TravelGrp/TotalAmt | 0 | 5098 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 563 WM LATHAM |
| IRS990/USAddress/CityNm | 0 | BOURBONNAIS |
| IRS990/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/USAddress/ZIPCd | 0 | 60914 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | HTTP://CWCU.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RAEANN LOVE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT/CEO/TREAS |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8159377447 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-04-21 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | COMMONWEALTH CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMM |
| ReturnHeader/Filer/EIN | 0 | 362424927 |
| ReturnHeader/Filer/PhoneNum | 0 | 8159377447 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 380 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOURBONNAIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60914 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 6E2C648C2B4390C31C0D27844FA5C9049E5872FA |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 228FE4EA13C0C0B6682F899A7A950696E3F5F68F |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 12.157.172.194 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-05-06 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 16:40:13 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 362830852 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SKDO PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1605 N CONVENT ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOURBONNAIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60914 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8159371997 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-05-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CARMEN HUIZENGA |
| ReturnHeader/ReturnTs | 0 | 2020-05-06T16:40:13-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.