Civic Intelligence

Canals & Trails Credit Union

990 • Fiscal year 2015 • EIN 36-2473242

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 27, 2016

Organization Profilewww.canals-trailscu.org

View Organization Page

201 East 9th StreetLockport, IL 60441

(815) 838-7159

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.91x

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

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

24.66x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Net Margin

90th percentile

21%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$70,145

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2015

Asset Growth

70th percentile

6.1%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

2.9%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$21,417,826

Up $1,225,617 (+6.1%) from 2014

Net Assets

Up

$1,900,829

Up $162,322 (+9.3%) from 2014

Liabilities

Up

$19,516,997

Up $1,063,295 (+5.8%) from 2014

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin90th percentile

Revenue

Up

$791,477

Up $22,003 (+2.9%) from 2014

Expenses

Up

$629,155

Up $17,476 (+2.9%) from 2014

Net Income

Up

$162,322

Up $4,527 (+2.9%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$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

2015

Assets$21,417,826
Liabilities$19,516,997
Net Assets$1,900,829
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$791,477
Expenses$629,155
Net Income$162,322
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 27, 2016
Return Version
2015v2.1
Gross Receipts
$791,477
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,753,000$10,313,000▲ $560,000
Other Notes and Loans Receivable, Net$9,487,426$9,645,250▲ $157,824
Rtn Earn Endowment Incm Other Fnds$1,738,507$1,900,829▲ $162,322
Savings and Temporary Cash Investments$332,805$831,806▲ $499,001
Cash and Non-Interest-Bearing Accounts$105,874$146,407▲ $40,533
Land, Buildings, and Equipment, Net$149,282$131,311▼ $17,971
Receivables From Officers Etc$103,576$70,430▼ $33,146
Prepaid Expenses and Deferred Charges$32,713$50,073▲ $17,360
Total Assets$20,192,209$21,417,826▲ $1,225,617
Other Assets Total$227,533$229,549▲ $2,016
Liabilities
Other Liabilities$18,420,589$19,477,340▲ $1,056,751
Accounts Payable and Accrued Expenses$33,113$39,657▲ $6,544
Total Liabilities$18,453,702$19,516,997▲ $1,063,295
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,738,507$1,900,829▲ $162,322
Total Liabilities and Net Assets / Fund Balance$20,192,209$21,417,826▲ $1,225,617

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,530$333,671$360,201
Buildings$74,828$77,438$152,266
Equipment$12,045$137,185$149,230
Land$17,908-$17,908
Investment Program Related Org$10,283,000--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet SchulerPresidentFT$67,731$2,414$70,145

Board Members and Trustees

NameTitle
David HennesseyChairman
Kent IrvinVice Chairman
Brenda PiryDirector
Gordon MccluskeyDirector
Jim WartenbergDirector
Mary Ann BaileySecretary
Max WoodsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$617,638
Investment Income
$127,072
Other Revenue
$46,767
Change in Net Assets
$162,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,786
Salaries, Compensation, and Employee Benefits$267,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$169,013$0$0$169,013
Office Expenses$104,616$0$0$104,616
Current Officers, Directors, Trustees, and Key Employees$70,145$0$0$70,145
All Other Expenses$58,744$0$0$58,744
Occupancy$33,818$0$0$33,818
Depreciation Depletion$25,866$0$0$25,866
Payroll Taxes$18,578$0$0$18,578
Advertising$18,182$0$0$18,182
Interest$17,279$0$0$17,279
Insurance$15,238$0$0$15,238
Other Expenses$8,528$0$0$8,528
Pension Plan Contributions$8,166$0$0$8,166
Fees for Services Accounting$6,638$0$0$6,638
Fees for Services Other$6,258$0$0$6,258
Conferences and Meetings$4,071$0$0$4,071
Travel$1,833$0$0$1,833
Other Employee Benefits$1,467$0$0$1,467
Fees for Service Investment Mgmnt Fees$1,266$0$0$1,266
Total Functional Expenses$629,155$0$0$629,155
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$103,576$70,430▼ $33,146
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$12,128,864
Money Markets$2,540,365
Drafts$1,770,354
Certificates of Deposit$1,358,477
Club Accounts$977,331
Ira Shares$701,949
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Line 9

“Dave hennessey 2547 crystal drive joliet il 60435 max woods 527 rhonda drive lockport il 60441 mary ann bailey 211 mississippi ave. Joliet il 60433 brenda piry 18830 carrie court mokena il 60448 gordon mccluskey 821 janice avenue lockport il 60441 jim waretenberg 312 south hamilton st lockport il 60439 kent irvin 17610 bicentennial dr. Elwood il 60421 janet schuler 705 vertin blvd. Shorewood il 60404”

Filing and Contact Details

Filer

Filer Name
Canals & Trails Credit Union
EIN
36-2473242
Phone
8158387159
Address
201 EAST 9TH STREET, LOCKPORT, IL 60441

Signing Officer

Name
Janet Schuler
Title
President
Phone
8158387159
Signed
2016-04-27
Discuss with paid preparer
Yes

Organization Details

Formed
1956
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
7

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

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

Pt VI, Line 7A

“Members participate in the election of the board of directors at the annual meeting”

Pt VI, Line 11B

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

Pt VI, Line 15A

“The board reviews the ceo compensation survey guide when determining compensation”

Pt XI

“The supervisory committee oversees the annual audit”

Form 990, Part IX, Line 24F

“Other operating exp 53135. 53135. 0. 0. Cash over/short -394. -394. 0. 0. Miscellaneous 5436. 5436. 0. 0. Negative shares 567. 567. 0. 0.”

Raw XML AppendixShowing 400 of 487 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt033113
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt039657
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt018182
IRS990/AdvertisingGrp/TotalAmt018182
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt058744
IRS990/AllOtherExpensesGrp/TotalAmt058744
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt00
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JANET SCHULER
IRS990/BooksInCareOfDetail/PhoneNum08158387159
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 EAST 9TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOCKPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060441
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0105874
IRS990/CashNonInterestBearingGrp/EOYAmt0146407
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt070145
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt070145
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04071
IRS990/ConferencesMeetingsGrp/TotalAmt04071
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0127072
IRS990/CYOtherExpensesAmt0361786
IRS990/CYOtherRevenueAmt046767
IRS990/CYProgramServiceRevenueAmt0617638
IRS990/CYRevenuesLessExpensesAmt0162322
IRS990/CYSalariesCompEmpBnftPaidAmt0267369
IRS990/CYTotalExpensesAmt0629155
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0791477
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt025866
IRS990/DepreciationDepletionGrp/TotalAmt025866
IRS990/Desc0CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. TOTAL NUMBER OF LOANS OUSTANDING AT 12/31/15 WAS 1,084 FOR A TOTAL OF $9,891,940. THE CREDIT UNION ALSO OFFERS AN ATM/DEBIT CARD PROGRAM, MONEY ORDERS, OVERDRAFT LINES OF CREDIT, AND SHARE SECURED CREDIT CARDS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06638
IRS990/FeesForServicesAccountingGrp/TotalAmt06638
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06258
IRS990/FeesForServicesOtherGrp/TotalAmt06258
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt01266
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt01266
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt72414
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID HENNESSEY
IRS990/Form990PartVIISectionAGrp/PersonNm1KENT IRVIN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARY ANN BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm3MAX WOODS
IRS990/Form990PartVIISectionAGrp/PersonNm4BRENDA PIRY
IRS990/Form990PartVIISectionAGrp/PersonNm5GORDON MCCLUSKEY
IRS990/Form990PartVIISectionAGrp/PersonNm6JIM WARTENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm7JANET SCHULER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt767731
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01956
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0791477
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt015238
IRS990/InsuranceGrp/TotalAmt015238
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt017279
IRS990/InterestGrp/TotalAmt017279
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0127072
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09753000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt010313000
IRS990/IRPDocumentCnt0360
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0548294
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0149282
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0131311
IRS990/LandBldgEquipCostOrOtherBssAmt0679605
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0true
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ILLINOIS STATE CHARTERED CREDIT UNION
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01738507
IRS990/NetAssetsOrFundBalancesEOYAmt01900829
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt033818
IRS990/OccupancyGrp/TotalAmt033818
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0104616
IRS990/OfficeExpensesGrp/TotalAmt0104616
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0227533
IRS990/OtherAssetsTotalGrp/EOYAmt0229549
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01467
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01467
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc3DFI OPERATING EXP
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt020724
IRS990/OtherExpensesGrp/ProgramServicesAmt127740
IRS990/OtherExpensesGrp/ProgramServicesAmt210985
IRS990/OtherExpensesGrp/ProgramServicesAmt38528
IRS990/OtherExpensesGrp/TotalAmt020724
IRS990/OtherExpensesGrp/TotalAmt127740
IRS990/OtherExpensesGrp/TotalAmt210985
IRS990/OtherExpensesGrp/TotalAmt38528
IRS990/OtherLiabilitiesGrp/BOYAmt018420589
IRS990/OtherLiabilitiesGrp/EOYAmt019477340
IRS990/OtherRevenueMiscGrp/BusinessCd0522190
IRS990/OtherRevenueMiscGrp/BusinessCd1522190
IRS990/OtherRevenueMiscGrp/Desc0INTERCHANGE INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039918
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16849
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039918
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16849
IRS990/OtherRevenueTotalAmt046767
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0169013
IRS990/OtherSalariesAndWagesGrp/TotalAmt0169013
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09487426
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09645250
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt018578
IRS990/PayrollTaxesGrp/TotalAmt018578
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08166
IRS990/PensionPlanContributionsGrp/TotalAmt08166
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032713
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050073
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JANET SCHULER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522190
IRS990/ProgramServiceRevenueGrp/BusinessCd1522190
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & SERVICES
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0516759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100879
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 12/31/15 WERE 4,460 FOR A TOTAL OF $19,477,340. THE CREDIT UNION ALSO OFFERS CERTIFICATES OF DEPOSITS, IRA ACCOUNTS, CLUB ACCOUNTS, AND MONEY MARKET ACCOUNTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0-7444
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0111875
IRS990/PYOtherExpensesAmt0370692
IRS990/PYOtherRevenueAmt044687
IRS990/PYProgramServiceRevenueAmt0612912
IRS990/PYRevenuesLessExpensesAmt0157795
IRS990/PYSalariesCompEmpBnftPaidAmt0248431
IRS990/PYTotalExpensesAmt0611679
IRS990/PYTotalRevenueAmt0769474
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0103576
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt070430
IRS990/ReconcilationRevenueExpnssAmt0162322
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01738507
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01900829
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0332805
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0831806
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt074828
IRS990ScheduleD/BuildingsGrp/DepreciationAmt077438
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0152266
IRS990ScheduleD/EquipmentGrp/BookValueAmt012045
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0137185
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149230
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt030000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt110283000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ALLOYA PERMANENT CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CERTIFICATES OF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt017908
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt017908
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026530
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0333671
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0360201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012128864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1977331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21770354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt32540365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41358477
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5701949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLUB ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DRAFTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MONEY MARKETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5IRA SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0131311
IRS990ScheduleD/TotalBookValueProgramRltdAmt010313000
IRS990ScheduleD/TotalLiabilityAmt019477340
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04052
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt17531
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt27961
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt37000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt419260
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt524626
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd6X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SIGNATURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OVERDRAFT LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3USED AUTO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt6HOME EQUITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt28000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt38582
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt47000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt523658
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt670119
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARY ANN BAILEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1GORDON MCCLUSKEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2GORDON MCCLUSKEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3KENT IRVIN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4KENT IRVIN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5JANET SCHULER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm6JIM WARTENBERG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3VICE-CHAIRMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4VICE-CHAIRMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt6DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6true
IRS990ScheduleL/TotalBalanceDueAmt070430
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMEBER 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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,417,826
Liabilities
$19,516,997
Net assets
$1,900,829
Revenue
$791,477
Expenses
$629,155
Net income
$162,322
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