Civic Intelligence

Commonwealth Credit Union

990 • Fiscal year 2023 • EIN 36-2424927

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

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

40th percentile

0.89x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

20.19x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

15th percentile

$149,483

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Asset Growth

41st percentile

-1.3%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

24%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$116,608,531

Down $1,592,532 (-1.3%) from 2022

Net Assets

Up

$12,798,121

Up $1,148,264 (+9.9%) from 2022

Liabilities

Down

$103,810,410

Down $2,740,796 (-2.6%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin76th percentile

Revenue

Up

$5,142,679

Up $1,007,655 (+24%) from 2022

Expenses

Up

$4,053,135

Up $615,919 (+18%) from 2022

Net Income

Up

$1,089,544

Up $391,736 (+56%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2023

Assets$116,608,531
Liabilities$103,810,410
Net Assets$12,798,121
Open 2023 Filing

Operations Trend

Revenue Growth50th 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

2023

Revenue$5,142,679
Expenses$4,053,135
Net Income$1,089,544
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2024
Return Version
2023v5.0
Gross Receipts
$5,142,679
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$75,130,353$80,968,832▲ $5,838,479
Savings and Temporary Cash Investments$31,972,408$24,663,203▼ $7,309,205
Rtn Earn Endowment Incm Other Fnds$11,649,857$12,798,121▲ $1,148,264
Investments in Publicly Traded Securities$6,321,666$6,321,451▼ $215
Land, Buildings, and Equipment, Net$1,568,311$1,536,578▼ $31,733
Cash and Non-Interest-Bearing Accounts$806,529$568,595▼ $237,934
Accounts Receivable$214,885$259,090▲ $44,205
Prepaid Expenses and Deferred Charges$108,160$89,967▼ $18,193
Total Assets$118,201,063$116,608,531▼ $1,592,532
Other Assets Total$2,078,751$2,200,815▲ $122,064
Liabilities
Other Liabilities$106,186,075$103,327,078▼ $2,858,997
Accounts Payable and Accrued Expenses$365,131$483,332▲ $118,201
Total Liabilities$106,551,206$103,810,410▼ $2,740,796
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,649,857$12,798,121▲ $1,148,264
Total Liabilities and Net Assets / Fund Balance$118,201,063$116,608,531▼ $1,592,532

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$850,445$909,666$1,760,111
Equipment$194,292$638,712$833,004
Land$491,841-$491,841
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd MeierVP of LendinFT$149,483$149,483
Raeann LovePresident/ceFT$147,642$147,642

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
$4,161,615
Investment Income
$839,595
Other Revenue
$141,469
Change in Net Assets
$1,089,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,142,679
Total Revenue per Audited Statements
$5,142,679
Total Revenue per Form 990
$5,142,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,499,927
Salaries, Compensation, and Employee Benefits$1,553,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,079,697
Interest---$692,536
All Other Expenses---$609,930
Information Technology---$267,603
Current Officers, Directors, Trustees, and Key Employees---$147,642
Other Employee Benefits---$129,395
Other Expenses---$108,365
Pension Plan Contributions---$104,166
Occupancy---$100,197
Depreciation Depletion---$98,550
Payroll Taxes---$92,308
Office Expenses---$77,070
Fees for Services Accounting---$58,800
Advertising---$39,149
Insurance---$34,665
Conferences and Meetings---$25,264
Travel---$1,520
Total Functional Expenses$0$0$0$4,053,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,053,135
Total Expenses per Audited Statements$4,053,135
Total Expenses per Form 990$4,053,135
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$103,327,078
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
2024-04-25
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
28

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

“Virtual branch 106,045 0 0 stmt processing 52,600 0 0 processing costs 47,841 0 0 equipment maintenance 40,408 0 0 outside service - other 39,950 0 0 check free bill pay 38,995 0 0 employee relations 36,169 0 0 visa debit card qtrly fee 34,537 0 0 loss on impairment 32,503 0 0 starphire expenses 30,633 0 0 credit report 28,637 0 0 bank charges 25,194 0 0 dues & subcriptions 20,993 0 0 collections 14,460 0 0 armored car 13,753 0 0 contributions 13,316 0 0 mobile capture expense 9,575 0 0 miscellanous expense 8,475 0 0 auto 5,311 0 0 ira - csg 4,149 0 0 epn ach billing 2,400 0 0 real estate expense 2,038 0 0 reimbursements 1,349 0 0 cash over short 599 0 0 total 609,930 0 0”

Form 990, Part XI, Line 9

“Other comprehensive income 58,716”

Raw XML Appendix361 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/PYTotalRevenueAmt04135024
IRS990/ReconcilationRevenueExpnssAmt01089544
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011649857
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012798121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031972408
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024663203
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt02500
IRS990ScheduleC/PoliticalExpendituresAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0363092340
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CREDIT UNION POLITICAL ACTION COUNC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01807 WEST DIEHL ROAD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine2Txt0PO BOX 3107
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0NAPERVILLE
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/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/BookValueAmt0850445
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0909666
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01760111
IRS990ScheduleD/EquipmentGrp/BookValueAmt0194292
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0638712
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0833004
IRS990ScheduleD/ExpensesSubtotalAmt04053135
IRS990ScheduleD/LandGrp/BookValueAmt0491841
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0491841
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0103327078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARE ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt05142679
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01536578
IRS990ScheduleD/TotalExpensesPerForm990Amt04053135
IRS990ScheduleD/TotalLiabilityAmt0103327078
IRS990ScheduleD/TotalRevenuePerForm990Amt05142679
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05142679
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04053135
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/ExplanationTxt6VIRTUAL BRANCH 106,045 0 0 STMT PROCESSING 52,600 0 0 PROCESSING COSTS 47,841 0 0 EQUIPMENT MAINTENANCE 40,408 0 0 OUTSIDE SERVICE - OTHER 39,950 0 0 CHECK FREE BILL PAY 38,995 0 0 EMPLOYEE RELATIONS 36,169 0 0 VISA DEBIT CARD QTRLY FEE 34,537 0 0 LOSS ON IMPAIRMENT 32,503 0 0 STARPHIRE EXPENSES 30,633 0 0 CREDIT REPORT 28,637 0 0 BANK CHARGES 25,194 0 0 DUES & SUBCRIPTIONS 20,993 0 0 COLLECTIONS 14,460 0 0 ARMORED CAR 13,753 0 0 CONTRIBUTIONS 13,316 0 0 MOBILE CAPTURE EXPENSE 9,575 0 0 MISCELLANOUS EXPENSE 8,475 0 0 AUTO 5,311 0 0 IRA - CSG 4,149 0 0 EPN ACH BILLING 2,400 0 0 REAL ESTATE EXPENSE 2,038 0 0 REIMBURSEMENTS 1,349 0 0 CASH OVER SHORT 599 0 0 TOTAL 609,930 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER COMPREHENSIVE INCOME 58,716
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/TotalAssetsBOYAmt0118201063
IRS990/TotalAssetsEOYAmt0116608531
IRS990/TotalAssetsGrp/BOYAmt0118201063
IRS990/TotalAssetsGrp/EOYAmt0116608531
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04053135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0106551206
IRS990/TotalLiabilitiesEOYAmt0103810410
IRS990/TotalLiabilitiesGrp/BOYAmt0106551206
IRS990/TotalLiabilitiesGrp/EOYAmt0103810410
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011649857
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012798121
IRS990/TotalProgramServiceRevenueAmt04161615
IRS990/TotalReportableCompFromOrgAmt0297125
IRS990/TotalRevenueGrp/ExclusionAmt0839595
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04303084
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05142679
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0118201063
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116608531
IRS990/TravelGrp/TotalAmt01520
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAEANN LOVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum08159377447
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-25
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/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARMEN HUIZENGA
ReturnHeader/ReturnTs02024-05-01T10:04:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAEANN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOVE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,608,531
Liabilities
$103,810,410
Net assets
$12,798,121
Revenue
$5,142,679
Expenses
$4,053,135
Net income
$1,089,544
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