Civic Intelligence

Glenview Credit Union

990 • Fiscal year 2014 • EIN 36-2440942

Jan 01, 2014 to Dec 31, 2014 • Filed on May 05, 2015

1631 Waukegan RdGlenview, IL 60025

(847) 724-6306

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

0.93x

Higher debt load relative to assets than 97% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

22.42x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Net Margin

39th percentile

3.3%

Higher net margin than 39% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

96th percentile

$134,357

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.3% of source-year revenue.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2014

Asset Growth

32nd percentile

-0.3%

Faster asset growth than 32% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

4.4%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$13,861,794

Down $41,423 (-0.3%) from 2013

Net Assets

Up

$949,465

Up $19,134 (+2.1%) from 2013

Liabilities

Down

$12,912,329

Down $60,557 (-0.5%) from 2013

Revenue

Up

$576,019

Up $24,382 (+4.4%) from 2013

Expenses

Up

$556,886

Up $15,605 (+2.9%) from 2013

Net Income

Up

$19,133

Up $8,777 (+85%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $13,129,133Liabilities 2010: $12,278,097Net Assets 2010: $851,0362010Assets 2011: $13,817,425Liabilities 2011: $12,927,057Net Assets 2011: $890,3682011Assets 2012: $14,036,530Liabilities 2012: $13,116,555Net Assets 2012: $919,9752012Assets 2013: $13,903,217Liabilities 2013: $12,972,886Net Assets 2013: $930,3312013Assets 2014: $13,861,794Liabilities 2014: $12,912,329Net Assets 2014: $949,4652014Assets 2015: $14,400,464Liabilities 2015: $13,413,346Net Assets 2015: $987,1182015Assets 2016: $14,469,496Liabilities 2016: $13,430,462Net Assets 2016: $1,039,0342016Assets 2017: $15,173,961Liabilities 2017: $14,087,301Net Assets 2017: $1,086,6602017Assets 2018: $15,381,685Liabilities 2018: $14,224,823Net Assets 2018: $1,156,8622018Assets 2019: $15,949,176Liabilities 2019: $14,765,342Net Assets 2019: $1,183,8342019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$13,861,794
Liabilities$12,912,329
Net Assets$949,465

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $701,2642010Expenses 2011: $597,2432011Expenses 2012: $555,6602012Revenue 2013: $551,637Expenses 2013: $541,281Net Income 2013: $10,3562013Revenue 2014: $576,019Expenses 2014: $556,886Net Income 2014: $19,1332014Revenue 2015: $569,757Expenses 2015: $532,104Net Income 2015: $37,6532015Revenue 2016: $585,061Expenses 2016: $533,145Net Income 2016: $51,9162016Revenue 2017: $595,147Expenses 2017: $547,520Net Income 2017: $47,6272017Revenue 2018: $627,420Expenses 2018: $557,218Net Income 2018: $70,2022018Revenue 2019: $640,919Expenses 2019: $613,947Net Income 2019: $26,9722019Revenue 2020: $355,294Expenses 2020: $364,283Net Income 2020: -$8,9892020

Highlighted filing

2014

Revenue$576,019
Expenses$556,886
Net Income$19,133
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 5, 2015
Return Version
2014v5.0
Gross Receipts
$576,019
Mission and Program Overview

Mission

CREDIT UNION

Credit union we are a financial cooperative; owned by its depositors-the members, and run by a volunteer board of directors, elected by the membership. This unique concept means that we exist to serve our members and to be sure to offer them a better deal, every day.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,193,969$9,855,273▼ $338,696
Other Notes and Loans Receivable, Net$3,340,976$3,689,998▲ $349,022
Rtn Earn Endowment Incm Other Fnds$930,331$949,465▲ $19,134
Receivables From Officers Etc$90,582$50,464▼ $40,118
Cash and Non-Interest-Bearing Accounts$68,939$37,703▼ $31,236
Accounts Receivable$20,066$27,885▲ $7,819
Investments Program Related$22,128$22,128→ $0
Prepaid Expenses and Deferred Charges$15,183$19,001▲ $3,818
Land, Buildings, and Equipment, Net$12,336$12,277▼ $59
Total Assets$13,903,217$13,861,794▼ $41,423
Other Assets Total$139,038$147,065▲ $8,027
Liabilities
Other Liabilities$12,971,063$12,895,429▼ $75,634
Accounts Payable and Accrued Expenses$1,823$16,900▲ $15,077
Total Liabilities$12,972,886$12,912,329▼ $60,557
Net Assets / Fund Balance
Total Net Assets Fund Balance$930,331$949,465▲ $19,134
Total Liabilities and Net Assets / Fund Balance$13,903,217$13,861,794▼ $41,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,277$4,999$17,276
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan StojanovicDirector/president/treasurerFT$118,530$15,827$134,357

Board Members and Trustees

NameTitle
Donald HohsChairperson
Michael VilchesVice Chairperson
Gary EdmondsDirector
Larry PinkertonDirector
Patricia BialekDirector
Stephanie PhillipsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$246,016
Investment Income
$125,115
Other Revenue
$204,888
Change in Net Assets
$19,133
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,845
Salaries, Compensation, and Employee Benefits$152,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$134,357--$134,357
Other Salaries and Wages$119,321--$119,321
Other Expenses$57,431--$57,431
All Other Expenses$54,910--$54,910
Occupancy$53,021--$53,021
Payroll Taxes$19,166--$19,166
Office Expenses$18,947--$18,947
Other Employee Benefits$14,197--$14,197
Interest$10,704--$10,704
Insurance$8,609--$8,609
Fees for Services Accounting$7,200--$7,200
Depreciation Depletion$3,671--$3,671
Advertising$3,551--$3,551
Fees for Services Legal$1,608--$1,608
Fees for Service Investment Mgmnt Fees$909--$909
Total Functional Expenses$556,886$0$0$556,886
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
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$90,582$50,464▼ $40,118
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Savings$4,142,202
Money Market$3,801,223
Checking$2,213,930
Regular Certificates$1,684,690
Business Checking$574,209
Regular Ira Certificates$400,660
Roth Ira Certificates$78,515
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Glenview Credit Union
EIN
36-2440942
Phone
8477246306
Address
1631 WAUKEGAN RD, GLENVIEW, IL 60025

Signing Officer

Name
Dan Stojanovic
Title
President
Phone
8477246306
Signed
2015-05-05
Discuss with paid preparer
Yes

Organization Details

Formed
1941
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
6
Volunteers
6

Preparer

Firm
Homer Wilson & Co Ltd
Address
900 RIDGE ROAD SUITE S, MUNSTER, IN 46321-1727
Preparer
Ray Suoranta
Phone
2198364930
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Members of teh credit union are considered shareholders

Pt VI, Line 7A

Members elect the board of directors at the annual meeting

Pt VI, Line 11B

The president reviews prior to filing

Pt VI, Line 12C

The board signs a conflict of interest, confidentiality, and code of ethics statement annually

Pt VI, Line 15A

The board creates an evaluation committee to review and approve

Pt VI, Line 15B

Salaries for all employees, including the president

Pt VI, Line 19

Documents are available upon request

Pt XI

ROUNDING

Form 990, Part IX, Line 24F

Atm/bank/courier charges 14055. 14055. Cash over/short -23. -23. Investment accrual div shortage -697. -697. Misc expense 3023. 3023. Misc gain/loss 1717. 1717. Ncusif stabilization exp 0. 0. Repairs & maint 28660. 28660. Supervision exam fee 8075. 8075. Education/conference 100. 100.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04999
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04142202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13801223
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22213930
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3574209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41684690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5400660
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt678515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SAVINGS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MONEY MARKET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CHECKING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3BUSINESS CHECKING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4REGULAR CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5REGULAR IRA CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ROTH IRA CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012277
IRS990ScheduleD/TotalLiabilityAmt012895429
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01240
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt112366
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt25022
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt327861
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt43975
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SHARE SECURED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2VISA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3MOBILE HOME
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt116373
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt336055
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt416200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0D STOJANOVIC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1M VILCHES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2M VILCHES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3M VILCHES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4M VILCHES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRES/DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/TotalBalanceDueAmt050464
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF TEH CREDIT UNION ARE CONSIDERED SHAREHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT REVIEWS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD SIGNS A CONFLICT OF INTEREST, CONFIDENTIALITY, AND CODE OF ETHICS STATEMENT ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD CREATES AN EVALUATION COMMITTEE TO REVIEW AND APPROVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES FOR ALL EMPLOYEES, INCLUDING THE PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ATM/BANK/COURIER CHARGES 14055. 14055. CASH OVER/SHORT -23. -23. INVESTMENT ACCRUAL DIV SHORTAGE -697. -697. MISC EXPENSE 3023. 3023. MISC GAIN/LOSS 1717. 1717. NCUSIF STABILIZATION EXP 0. 0. REPAIRS & MAINT 28660. 28660. SUPERVISION EXAM FEE 8075. 8075. EDUCATION/CONFERENCE 100. 100.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013903217
IRS990/TotalAssetsEOYAmt013861794
IRS990/TotalAssetsGrp/BOYAmt013903217
IRS990/TotalAssetsGrp/EOYAmt013861794
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0556886
IRS990/TotalFunctionalExpensesGrp/TotalAmt0556886
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012972886
IRS990/TotalLiabilitiesEOYAmt012912329
IRS990/TotalLiabilitiesGrp/BOYAmt012972886
IRS990/TotalLiabilitiesGrp/EOYAmt012912329
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0930331
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0949465
IRS990/TotalOtherCompensationAmt015827
IRS990/TotalProgramServiceRevenueAmt0246016
IRS990/TotalReportableCompFromOrgAmt0118530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0576019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0576019
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013903217
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013861794
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01631 WAUKEGAN RD
IRS990/USAddress/CityNm0GLENVIEW
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060025
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.glenviewcu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN STOJANOVIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08477246306
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLENVIEW CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0GLEN
ReturnHeader/Filer/EIN0362440942
ReturnHeader/Filer/PhoneNum08477246306
ReturnHeader/Filer/USAddress/AddressLine1Txt01631 WAUKEGAN RD
ReturnHeader/Filer/USAddress/CityNm0GLENVIEW
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060025
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOMER WILSON & CO LTD

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