Civic Intelligence

Canals & Trails Credit Union

EIN 36-2473242 • 501(c)14 • Lockport, IL

View Organization Page

Profile

Illinois state chartered credit union operated for the mutual benefit of its members.

838 S State StreetLockport, IL 60441

www.canals-trailscu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.91x

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

501(c)14 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

31.09x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Net Margin

47th percentile

8.5%

Higher net margin than 47% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$74,548

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

$25M-$50M nonprofits • Source year 2017

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

5.4%

Faster revenue growth than 38% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$33,344,978

Down $42,233 (-0.1%) from 2023

Liabilities

Down

$30,057,117

Down $155,201 (-0.5%) from 2023

Net Assets

Up

$3,287,861

Up $112,968 (+3.6%) from 2023

Operations
Liabilities / Revenue93rd percentileNet Margin47th percentile

Revenue

Up

$1,247,741

Up $142,194 (+13%) from 2023

Expenses

Up

$1,134,773

Up $116,050 (+11%) from 2023

Net Income

Up

$112,968

Up $26,144 (+30%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2008: $14,197,076Liabilities 2008: $12,445,477Net Assets 2008: $1,751,5992008Assets 2010: $18,837,807Liabilities 2010: $17,338,098Net Assets 2010: $1,499,7092010Assets 2011: $18,592,487Liabilities 2011: $17,163,769Net Assets 2011: $1,428,7182011Assets 2012: $19,269,753Liabilities 2012: $17,797,080Net Assets 2012: $1,472,6732012Assets 2013: $19,540,803Liabilities 2013: $17,960,091Net Assets 2013: $1,580,7122013Assets 2014: $20,192,209Liabilities 2014: $18,453,702Net Assets 2014: $1,738,5072014Assets 2015: $21,417,826Liabilities 2015: $19,516,997Net Assets 2015: $1,900,8292015Assets 2016: $22,691,100Liabilities 2016: $20,660,236Net Assets 2016: $2,030,8642016Assets 2017: $22,778,160Liabilities 2017: $20,647,032Net Assets 2017: $2,131,1282017Assets 2018: $22,341,888Liabilities 2018: $20,081,382Net Assets 2018: $2,260,5062018Assets 2019: $23,607,367Liabilities 2019: $21,172,973Net Assets 2019: $2,434,3942019Assets 2020: $27,893,917Liabilities 2020: $25,342,314Net Assets 2020: $2,551,6032020Assets 2021: $36,670,160Liabilities 2021: $33,665,389Net Assets 2021: $3,004,7712021Assets 2022: $35,954,097Liabilities 2022: $32,859,307Net Assets 2022: $3,094,7902022Assets 2023: $33,387,211Liabilities 2023: $30,212,318Net Assets 2023: $3,174,8932023Assets 2024: $33,344,978Liabilities 2024: $30,057,117Net Assets 2024: $3,287,8612024

Highlighted filing

2024

Assets$33,344,978
Liabilities$30,057,117
Net Assets$3,287,861
Open 2024 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Expenses 2008: $849,5712008Expenses 2010: $855,5492010Expenses 2011: $896,8662011Expenses 2012: $724,2972012Revenue 2013: $747,663Expenses 2013: $639,624Net Income 2013: $108,0392013Revenue 2014: $769,474Expenses 2014: $611,679Net Income 2014: $157,7952014Revenue 2015: $791,477Expenses 2015: $629,155Net Income 2015: $162,3222015Revenue 2016: $811,365Expenses 2016: $681,330Net Income 2016: $130,0352016Revenue 2017: $830,222Expenses 2017: $729,958Net Income 2017: $100,2642017Revenue 2018: $934,481Expenses 2018: $805,104Net Income 2018: $129,3772018Revenue 2019: $1,004,000Expenses 2019: $830,114Net Income 2019: $173,8862019Revenue 2020: $927,238Expenses 2020: $810,029Net Income 2020: $117,2092020Revenue 2021: $1,002,433Expenses 2021: $844,430Net Income 2021: $158,0032021Revenue 2022: $1,056,974Expenses 2022: $966,955Net Income 2022: $90,0192022Revenue 2023: $1,105,547Expenses 2023: $1,018,723Net Income 2023: $86,8242023Revenue 2024: $1,247,741Expenses 2024: $1,134,773Net Income 2024: $112,9682024

Highlighted filing

2024

Revenue$1,247,741
Expenses$1,134,773
Net Income$112,968
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,344,978
Liabilities
$30,057,117
Net assets
$3,287,861
Revenue
$1,247,741
Expenses
$1,134,773
Net income
$112,968
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.3$30.1$3.29$1.25$1.13$0.11
2023Detailed filing. Detailed filing data is available for this year.$33.4$30.2$3.17$1.11$1.02$0.09
2022Detailed filing. Detailed filing data is available for this year.$36.0$32.9$3.09$1.06$0.97$0.09
2021Detailed filing. Detailed filing data is available for this year.$36.7$33.7$3.00$1.00$0.84$0.16
2020Detailed filing. Detailed filing data is available for this year.$27.9$25.3$2.55$0.93$0.81$0.12
2019Detailed filing. Detailed filing data is available for this year.$23.6$21.2$2.43$1.00$0.83$0.17
2018Detailed filing. Detailed filing data is available for this year.$22.3$20.1$2.26$0.93$0.81$0.13
2017Detailed filing. Detailed filing data is available for this year.$22.8$20.6$2.13$0.83$0.73$0.10
2016Detailed filing. Detailed filing data is available for this year.$22.7$20.7$2.03$0.81$0.68$0.13
2015Detailed filing. Detailed filing data is available for this year.$21.4$19.5$1.90$0.79$0.63$0.16
2014Detailed filing. Detailed filing data is available for this year.$20.2$18.5$1.74$0.77$0.61$0.16
2013Detailed filing. Detailed filing data is available for this year.$19.5$18.0$1.58$0.75$0.64$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$17.8$1.47$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$17.2$1.43$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$17.3$1.50$0.86
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$12.4$1.75$0.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$1,260,628
Mission and Program Overview

Mission

Illinois state chartered credit union operated for the mutual benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,603,168$20,659,000▲ $1,055,832
Accounts Receivable$11,393,495$8,783,577▼ $2,609,918
Rtn Earn Endowment Incm Other Fnds$3,174,893$3,287,861▲ $112,968
Savings and Temporary Cash Investments$940,314$1,979,753▲ $1,039,439
Land, Buildings, and Equipment, Net$687,569$693,751▲ $6,182
Receivables From Officers Etc-$374,161-
Cash and Non-Interest-Bearing Accounts$313,397$339,862▲ $26,465
Investments Other Securities$60,000$60,000→ $0
Prepaid Expenses and Deferred Charges$53,598$54,113▲ $515
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$33,387,211$33,344,978▼ $42,233
Other Assets Total$335,670$400,761▲ $65,091
Liabilities
Other Liabilities$30,169,119$30,015,238▼ $153,881
Accounts Payable and Accrued Expenses$43,199$41,879▼ $1,320
Total Liabilities$30,212,318$30,057,117▼ $155,201
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,174,893$3,287,861▲ $112,968
Total Liabilities and Net Assets / Fund Balance$33,387,211$33,344,978▼ $42,233

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$541,792$120,302$662,094
Equipment$72,606$402,357$474,963
Land$79,353-$79,353
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet SchulerPresidentFT$94,050$14,505$108,555

Board Members and Trustees

NameTitle
Jim WartenbergChairman
Brenda PiryVice Chairman
David OxleyDirector
Max WoodsDirector
Susan DufaultDirector
Edward RossettoSecretary
Gerry GadsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$679,819
Investment Income
$478,904
Other Revenue
$89,018
Change in Net Assets
$112,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$677,851
Salaries, Compensation, and Employee Benefits$456,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$303,781
Office Expenses---$223,043
Current Officers, Directors, Trustees, and Key Employees---$108,556
Occupancy---$63,558
Other Expenses---$48,177
All Other Expenses---$45,043
Depreciation Depletion---$35,888
Payroll Taxes---$30,036
Fees for Services Other---$17,045
Advertising---$16,555
Fees for Services Accounting---$10,412
Other Employee Benefits---$9,597
Pension Plan Contributions---$4,952
Conferences and Meetings---$4,560
Travel---$1,222
Interest---$240
Total Functional Expenses$0$0$0$1,134,773
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$374,161-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$21,075,013
Drafts$4,698,995
Money Markets$2,135,012
Club Accounts$1,591,473
Certificate of Deposits$324,223
IRA Shares$190,522
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI, Section A, line 6

“Each member of the credit union that maintains the minimum balance in their account is a shareholder.”

Form 990, Part VI, Section A, line 7A

“Members participate in the election of the Board of Directors at the annual meeting.”

Form 990, Part VI, Section B, line 11B

“The President of the credit union reviews the 990 prior to filing.”

Form 990, Part VI, Section B, line 15A

“The Board reviews 2024 changing compensation costs in the Chicago metropolitan area and 2024 social security cost of living adjustments.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Canals & Trails Credit Union
EIN
36-2473242
Phone
8158387159
Address
838 S State Street, Lockport, IL 60441

Signing Officer

Name
Janet Schuler
Title
President
Phone
8158387159
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Schuler
Formed
1956
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
7

Preparer

Firm
Eifel Rambo Advisory Group Ltd
Address
20635 Abbey Woods Ct Suite 301, Frankfort, IL 60423
Preparer
Matt Beckley
Phone
7086282365
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

“The statement of financial condition as of September 30, 2024 and the related statements of income, members' equity and cash flows for the year then ended were audited in accordance with auditing standards generally accepted in the United States of America. The FIN 48 Statement included in the September 30, 2024 is as follows. Canals & Trails Credit Union was granted an exemption from federal income taxes by the Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax-exempt purpose. The Credit Union had no unrelated business income that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination generally for three years after filing.”

Raw XML AppendixShowing 400 of 418 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/DepreciationDepletionGrp/TotalAmt035888
IRS990/Desc0Credit union makes and services consumer and real estate loans to members. Total number of loans outstanding at 12/31/24 was 20,346 for a total of $9,239,169. The credit union also offers an ATM/Debit card program, money orders, overdraft lines of credit, and share secured credit cards.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Brenda Piry
IRS990/Form990PartVIISectionAGrp/PersonNm2Edward Rossetto
IRS990/Form990PartVIISectionAGrp/PersonNm3Gerry Gadson
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IRS990/Form990PartVIISectionAGrp/PersonNm5David Oxley
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt7President
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IRS990/OtherExpensesGrp/TotalAmt151630
IRS990/OtherExpensesGrp/TotalAmt250929
IRS990/OtherExpensesGrp/TotalAmt348177
IRS990/OtherLiabilitiesGrp/BOYAmt030169119
IRS990/OtherLiabilitiesGrp/EOYAmt030015238
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/Desc0Interchange income
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt083159
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111396
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt083159
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111396
IRS990/OtherRevenueTotalAmt094555
IRS990/OtherSalariesAndWagesGrp/TotalAmt0303781
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt030036
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt04952
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053598
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054113
IRS990/PrincipalOfficerNm0Janet Schuler
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees & services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0543087
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1132308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0543087
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1136732
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt04424
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit union pays out dividends to its members on share deposit accounts at a market rate of interest. Total number of share accounts at 12/31/24 were 5,363 for a total of $30,015,239. The credit union also offers certificates of deposits, IRA accounts, club accounts, and money market accounts.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0277362
IRS990/PYOtherExpensesAmt0616771
IRS990/PYOtherRevenueAmt0105106
IRS990/PYProgramServiceRevenueAmt0723079
IRS990/PYRevenuesLessExpensesAmt086824
IRS990/PYSalariesCompEmpBnftPaidAmt0401952
IRS990/PYTotalExpensesAmt01018723
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01105547
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0374161
IRS990/ReconcilationRevenueExpnssAmt0112968
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-5537
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03174893
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03287861
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0940314
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01979753
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0541792
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0120302
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0662094
IRS990ScheduleD/EquipmentGrp/BookValueAmt072606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0402357
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0474963
IRS990ScheduleD/LandGrp/BookValueAmt079353
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt079353
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021075013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11591473
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24698995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32135012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4324223
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5190522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Club Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Drafts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Money Markets
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Certificate of Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5IRA Shares
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The statement of financial condition as of September 30, 2024 and the related statements of income, members' equity and cash flows for the year then ended were audited in accordance with auditing standards generally accepted in the United States of America. The FIN 48 Statement included in the September 30, 2024 is as follows. Canals & Trails Credit Union was granted an exemption from federal income taxes by the Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax-exempt purpose. The Credit Union had no unrelated business income that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination generally for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0693751
IRS990ScheduleD/TotalLiabilityAmt030015238
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt025265
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1109682
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt269959
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt324699
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4144556
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0RV
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Home Equity
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Home Equity
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3Auto Loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4Home Equity
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt046000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt262000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt339823
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0David Oxley
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Edward Rossetto
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Jim Wartenberg
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3Janet Schuler
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4Janet Schuler
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Secretary
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Chairman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/TotalBalanceDueAmt0374161
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each member of the credit union that maintains the minimum balance in their account is a shareholder.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members participate in the election of the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The President of the credit union reviews the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board reviews 2024 changing compensation costs in the Chicago metropolitan area and 2024 social security cost of living adjustments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033387211
IRS990/TotalAssetsEOYAmt033344978
IRS990/TotalAssetsGrp/BOYAmt033387211
IRS990/TotalAssetsGrp/EOYAmt033344978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt01134773
IRS990/TotalGrossUBIAmt04424
IRS990/TotalLiabilitiesBOYAmt030212318
IRS990/TotalLiabilitiesEOYAmt030057117
IRS990/TotalLiabilitiesGrp/BOYAmt030212318
IRS990/TotalLiabilitiesGrp/EOYAmt030057117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03174893
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03287861
IRS990/TotalOtherCompensationAmt014505
IRS990/TotalProgramServiceRevenueAmt0679819
IRS990/TotalReportableCompFromOrgAmt094050
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01243317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01247741
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04424
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033387211
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033344978
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01222
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0838 S State Street
IRS990/USAddress/CityNm0Lockport
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060441
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.canals-trailscu.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Janet Schuler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08158387159
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Canals & Trails Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0CANA
ReturnHeader/Filer/EIN0362473242
ReturnHeader/Filer/PhoneNum08158387159

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