Civic Intelligence

Commonwealth Credit Union

990 • Fiscal year 2020 • EIN 36-2424927

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 25, 2021

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

60th percentile

0.90x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

22.87x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$149,397

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

44th percentile

14%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-7.6%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$97,013,268

Up $12,015,113 (+14%) from 2019

Net Assets

Up

$9,829,695

Up $382,995 (+4.1%) from 2019

Liabilities

Up

$87,183,573

Up $11,632,118 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin58th percentile

Revenue

Down

$3,812,813

Down $314,168 (-7.6%) from 2019

Expenses

Down

$3,378,213

Down $65,904 (-1.9%) from 2019

Net Income

Down

$434,600

Down $248,264 (-36%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th 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

2020

Assets$97,013,268
Liabilities$87,183,573
Net Assets$9,829,695
Open 2020 Filing

Operations Trend

Revenue Growth28th 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

2020

Revenue$3,812,813
Expenses$3,378,213
Net Income$434,600
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 25, 2021
Return Version
2020v4.0
Gross Receipts
$3,812,813
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$62,170,559$63,930,741▲ $1,760,182
Savings and Temporary Cash Investments$18,407,702$28,655,985▲ $10,248,283
Rtn Earn Endowment Incm Other Fnds$9,446,700$9,829,695▲ $382,995
Land, Buildings, and Equipment, Net$1,613,313$1,662,856▲ $49,543
Cash and Non-Interest-Bearing Accounts$794,759$829,635▲ $34,876
Accounts Receivable$166,928$170,558▲ $3,630
Prepaid Expenses and Deferred Charges$85,832$97,548▲ $11,716
Investments in Publicly Traded Securities$1,460$965▼ $495
Total Assets$84,998,155$97,013,268▲ $12,015,113
Other Assets Total$1,757,602$1,664,980▼ $92,622
Liabilities
Other Liabilities$75,297,278$86,921,518▲ $11,624,240
Accounts Payable and Accrued Expenses$254,177$262,055▲ $7,878
Total Liabilities$75,551,455$87,183,573▲ $11,632,118
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,446,700$9,829,695▲ $382,995
Total Liabilities and Net Assets / Fund Balance$84,998,155$97,013,268▲ $12,015,113

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,033,489$1,176,821$2,210,310
Equipment$137,526$722,817$860,343
Land$491,841-$491,841
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Raeann LovePresident/ceFT$149,397$149,397
Todd MeierVP of LendinFT$105,694$105,694

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
$126,185
Program Service Revenue
$3,396,074
Investment Income
$155,927
Other Revenue
$134,627
Change in Net Assets
$434,600

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,812,813
Total Revenue per Audited Statements
$3,812,813
Total Revenue per Form 990
$3,812,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,000,992
Salaries, Compensation, and Employee Benefits$1,377,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$918,424
All Other Expenses---$414,864
Interest---$230,994
Information Technology---$208,200
Current Officers, Directors, Trustees, and Key Employees---$149,397
Occupancy---$124,967
Office Expenses---$120,299
Other Employee Benefits---$105,954
Pension Plan Contributions---$102,995
Payroll Taxes---$100,451
Depreciation Depletion---$98,153
Other Expenses---$81,056
Fees for Services Accounting---$52,800
Advertising---$30,952
Conferences and Meetings---$17,381
Fees for Services Legal---$16,595
Insurance---$9,881
Travel---$876
Total Functional Expenses$0$0$0$3,378,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,378,213
Total Expenses per Audited Statements$3,378,213
Total Expenses per Form 990$3,378,213
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$86,921,518
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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. Anyone who lives or works in kankakee, ford, iroquois, grundy, kendell, livingston and will counties is eligible for membership.”

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
2021-03-25
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
29

Preparer

Firm
Skdo Pc
Address
1605 N CONVENT ST, BOURBONNAIS, IL 60914
Preparer
Carmen Huizenga
Phone
8159371997
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Stmt processing 50,400 0 0 equipment maintenance 49,407 0 0 processing costs 43,651 0 0 collections 31,892 0 0 check free bill pay 30,630 0 0 starphire expenses 30,076 0 0 credit report 29,999 0 0 employee relations 26,320 0 0 outside service - other 23,128 0 0 bank charges 22,787 0 0 dues & subcriptions 19,638 0 0 elan deconversion fees 14,500 0 0 armored car 8,863 0 0 real estate expense 7,754 0 0 mobile capture expense 6,999 0 0 contributions 5,769 0 0 auto 4,530 0 0 ira - csg 3,513 0 0 epn ach billing 2,400 0 0 covid-19 expenses 2,108 0 0 cash over short 539 0 0 nsf accts and write offs 251 0 0 miscellanous expense 89 0 0 draft cost -379 0 0 total 414,864 0 0”

Form 990, Part XI, Line 9

“Other comprehensive income -51,597”

Raw XML Appendix363 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/PYTotalRevenueAmt04126981
IRS990/ReconcilationRevenueExpnssAmt0434600
IRS990/RelatedEntityInd0false
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09446700
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09829695
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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/ZIPCd060563
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 CREDIT UNION POLITICAL ACTION COUNCIL 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/BookValueAmt01033489
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01176821
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02210310
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137526
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0722817
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0860343
IRS990ScheduleD/ExpensesSubtotalAmt03378213
IRS990ScheduleD/LandGrp/BookValueAmt0491841
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt086921518
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt03812813
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01662856
IRS990ScheduleD/TotalExpensesPerForm990Amt03378213
IRS990ScheduleD/TotalLiabilityAmt086921518
IRS990ScheduleD/TotalRevenuePerForm990Amt03812813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03812813
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03378213
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/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 49,407 0 0 PROCESSING COSTS 43,651 0 0 COLLECTIONS 31,892 0 0 CHECK FREE BILL PAY 30,630 0 0 STARPHIRE EXPENSES 30,076 0 0 CREDIT REPORT 29,999 0 0 EMPLOYEE RELATIONS 26,320 0 0 OUTSIDE SERVICE - OTHER 23,128 0 0 BANK CHARGES 22,787 0 0 DUES & SUBCRIPTIONS 19,638 0 0 ELAN DECONVERSION FEES 14,500 0 0 ARMORED CAR 8,863 0 0 REAL ESTATE EXPENSE 7,754 0 0 MOBILE CAPTURE EXPENSE 6,999 0 0 CONTRIBUTIONS 5,769 0 0 AUTO 4,530 0 0 IRA - CSG 3,513 0 0 EPN ACH BILLING 2,400 0 0 COVID-19 EXPENSES 2,108 0 0 CASH OVER SHORT 539 0 0 NSF ACCTS AND WRITE OFFS 251 0 0 MISCELLANOUS EXPENSE 89 0 0 DRAFT COST -379 0 0 TOTAL 414,864 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER COMPREHENSIVE INCOME -51,597
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, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt084998155
IRS990/TotalAssetsEOYAmt097013268
IRS990/TotalAssetsGrp/BOYAmt084998155
IRS990/TotalAssetsGrp/EOYAmt097013268
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0126185
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03378213
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075551455
IRS990/TotalLiabilitiesEOYAmt087183573
IRS990/TotalLiabilitiesGrp/BOYAmt075551455
IRS990/TotalLiabilitiesGrp/EOYAmt087183573
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09446700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09829695
IRS990/TotalProgramServiceRevenueAmt03396074
IRS990/TotalReportableCompFromOrgAmt0255091
IRS990/TotalRevenueGrp/ExclusionAmt0155927
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03530701
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03812813
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084998155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt097013268
IRS990/TravelGrp/TotalAmt0876
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAEANN LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum08159377447
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-25
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/BusinessNameLine1Txt0SKDO 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/PreparationDt02021-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARMEN HUIZENGA
ReturnHeader/ReturnTs02021-04-05T09:03:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAEANN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOVE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,013,268
Liabilities
$87,183,573
Net assets
$9,829,695
Revenue
$3,812,813
Expenses
$3,378,213
Net income
$434,600
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