Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Elite Community Credit Union
990 • Fiscal year 2016 • EIN 36-2478670
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.86x
Liabilities / Revenue
25th percentile
Higher debt load relative to revenue than 25% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
20th percentile
Higher top officer pay than 20% of similar nonprofits.
Top officer pay equals 7.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Down$13,389,358
Down $515,923 (-3.7%) from 2015
Net Assets
Up$1,903,971
Up $3,873 (+0.2%) from 2015
Liabilities
Down$11,485,387
Down $519,796 (-4.3%) from 2015
Revenue And Expenses
Revenue
Up$742,218
Up $42,560 (+6.1%) from 2015
Expenses
Up$738,345
Up $13,748 (+1.9%) from 2015
Net Income
Up$3,873
Up $28,812 (+116%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Mar 6, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $742,218
Mission and Program Overview
Mission
Elite community credit union is committed to meet our members' financial needs and assist them in attaining their financial goals. We strive to provide the best services possible while maintaining long-term financial stability.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $10,092,646 | $9,963,419 | ▼ $129,227 |
| Rtn Earn Endowment Incm Other Fnds | $1,900,098 | $1,903,971 | ▲ $3,873 |
| Savings and Temporary Cash Investments | $2,428,856 | $1,441,497 | ▼ $987,359 |
| Land, Buildings, and Equipment, Net | $402,271 | $912,737 | ▲ $510,466 |
| Investments Other Securities | $196,473 | $200,000 | ▲ $3,527 |
| Cash and Non-Interest-Bearing Accounts | $141,540 | $186,636 | ▲ $45,096 |
| Prepaid Expenses and Deferred Charges | $72,523 | $79,003 | ▲ $6,480 |
| Total Assets | $13,905,281 | $13,389,358 | ▼ $515,923 |
| Other Assets Total | $570,972 | $606,066 | ▲ $35,094 |
| Liabilities | |||
| Other Liabilities | $11,951,590 | $11,438,093 | ▼ $513,497 |
| Accounts Payable and Accrued Expenses | $53,593 | $47,294 | ▼ $6,299 |
| Total Liabilities | $12,005,183 | $11,485,387 | ▼ $519,796 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,900,098 | $1,903,971 | ▲ $3,873 |
| Total Liabilities and Net Assets / Fund Balance | $13,905,281 | $13,389,358 | ▼ $515,923 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $703,491 | $8,314 | $711,805 |
| Equipment | $94,077 | $253,463 | $347,540 |
| Land | $105,893 | - | $105,893 |
| Leasehold Improvements | $124 | $40,795 | $40,919 |
| Other Land Buildings | $9,152 | $9,782 | $18,934 |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| Lucinda Doogan | Pres/manager | $51,669 | $51,669 |
Board Members and Trustees
| Name | Title |
|---|---|
| Bruce Adams | Chairperson |
| Greg Osenga | Vice Chairpe |
| Dave Savoie | Board Member |
| Debi Schultz | Board Member |
| Jill Lovell | Board Member |
| Mary Bicknell | Board Member |
| Ron Ponton | Board Member |
| Mike Giguere | Secretary |
| Melissa White | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $718,976
- Investment Income
- $23,242
- Other Revenue
- $0
- Change in Net Assets
- $3,873
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $742,218
- Total Revenue per Audited Statements
- $742,218
- Total Revenue per Form 990
- $742,218
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $439,290 |
| Salaries, Compensation, and Employee Benefits | $299,055 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $181,205 |
| All Other Expenses | - | - | - | $87,124 |
| Occupancy | - | - | - | $52,277 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $51,669 |
| Information Technology | - | - | - | $43,256 |
| Depreciation Depletion | - | - | - | $35,440 |
| Comp Disqual Persons | - | - | - | $30,666 |
| Office Expenses | - | - | - | $24,885 |
| Interest | - | - | - | $23,777 |
| Payroll Taxes | - | - | - | $21,716 |
| Insurance | - | - | - | $19,955 |
| Fees for Services Accounting | - | - | - | $16,567 |
| Other Expenses | - | - | - | $15,977 |
| Pension Plan Contributions | - | - | - | $13,799 |
| Advertising | - | - | - | $13,283 |
| Conferences and Meetings | - | - | - | $9,593 |
| Travel | - | - | - | $8,179 |
| Fees for Services Legal | - | - | - | $849 |
| Total Functional Expenses | $0 | $0 | $0 | $738,345 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $738,345 |
| Total Expenses per Audited Statements | $738,345 |
| Total Expenses per Form 990 | $738,345 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deposit Accounts | $11,438,093 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- Audit committee
- 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
- No
- Conflict-of-interest policy
- Yes
- 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 consists of members”
Form 990, Page 6, Part VI, Line 7A
“The organization follows the standard bylaws as set forth by the state of illinois. The number of directors of this credit union shall be 9. The directors shall be elected each year at the annual meeting of the members held in accordance with article iv of the illinois credit union act - rules and regulations - standard bylaws. The directors, unless sooner disqualified or removed, shall hold office for the term of office for which elected and until their successors are elected and shall have been qualified.”
Form 990, Page 6, Part VI, Line 10B
“The policies and procedures at the branch location are consistent with the main location to ensure uniformity.”
Form 990, Page 6, Part VI, Line 11B
“Management (president) reviews the form 990 before signing and submitting.”
Form 990, Page 6, Part VI, Line 15A
“This process includes a review and approval by (independent person) the board of directors, comparability data and recorded in the minutes.”
Form 990, Page 6, Part VI, Line 19
“Governing documents are made available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Elite Community Credit Union
- EIN
- 36-2478670
- Phone
- 8159337711
- Address
- 515 S MAIN STREET, BOURBONNAIS, IL 60914
Signing Officer
- Name
- Lucinda Doogan
- Title
- Pres/manager
- Phone
- 8159397711
- Signed
- 2017-03-06
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Lucinda Doogan
- Formed
- 1958
- Legal Domicile
- Il
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 9
Preparer
- Firm
- Smith Koelling Dykstra & Ohm Pc
- Address
- 1605 N CONVENT, BOURBONNAIS, IL 60914
- Preparer
- Carmen Huizenga
- Phone
- 8159371997
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Elite community credit union is committed to meet our members' financial needs and assist them in attaining their financial goals. We strive to provide the best services possible while maintaining long-term financial stability.”
Form 990, Part IX, Line 24E
“Moving/relocation expense 14,421 0 0 bill pay expense 9,115 0 0 cu dues league & chpt 8,886 0 0 share draft charge off 7,078 0 0 bad debt exp - prov loan 6,342 0 0 re tax-prop held for sale 5,280 0 0 maintenance exp - ppe 5,023 0 0 impairment loss 4,608 0 0 service fee-loans 4,025 0 0 contributions 3,707 0 0 visa card fraud c/o 3,213 0 0 operating expense - misc 2,755 0 0 service fee-mobile bankin 2,676 0 0 service fee-rdc exp 2,502 0 0 service fee-home banking 2,017 0 0 visa card fee 1,751 0 0 subscriptions 1,428 0 0 service fee-iras 1,100 0 0 service fee-carfax 544 0 0 service fee-home equity 392 0 0 cash over/short 258 0 0 interest on notes payable 3 0 0 total 87,124 0 0”
Raw XML Appendix349 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/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 53593 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 47294 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | ELITE COMMUNITY CREDIT UNION IS COMMITTED TO MEET OUR MEMBERS' FINANCIAL NEEDS AND ASSIST THEM IN ATTAINING THEIR FINANCIAL GOALS. WE STRIVE TO PROVIDE THE BEST SERVICES POSSIBLE WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY. |
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| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 87124 |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60901 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 186636 |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 30666 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 23242 |
| IRS990/CYOtherExpensesAmt | 0 | 439290 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 718976 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 3873 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 299055 |
| IRS990/CYTotalExpensesAmt | 0 | 738345 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 742218 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 35440 |
| IRS990/Desc | 0 | ELITE COMMUNITY CREDIT UNION SERVES MEMBERS BY PROVIDING LOW COST FINANCIAL SERVICES SUCH AS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, TIME DEPOSITS, AND LOANS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 9 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/ExpenseAmt | 0 | 738345 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16567 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 849 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | GREG OSENGA |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | BRUCE ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARY BICKNELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DEBI SCHULTZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JILL LOVELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MELISSA WHITE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | RON PONTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DAVE SAVOIE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | LUCINDA DOOGAN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PRES/MANAGER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1958 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 742218 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 43256 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 19955 |
| IRS990/InterestGrp/TotalAmt | 0 | 23777 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 23242 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 23242 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 196473 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 200000 |
| IRS990/IRPDocumentCnt | 0 | 336 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 312354 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 402271 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 912737 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1225091 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | true |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | ELITE COMMUNITY CREDIT UNION IS COMMITTED TO MEET OUR MEMBERS' FINANCIAL NEEDS AND ASSIST THEM IN ATTAINING THEIR FINANCIAL GOALS. WE STRIVE TO PROVIDE THE BEST SERVICES POSSIBLE WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1900098 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1903971 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 606066 |
| IRS990/OtherExpensesGrp/Desc | 0 | SERVICE FEE-SHARE DRAFT |
| IRS990/OtherExpensesGrp/Desc | 1 | OUTSIDE SERVICE - OTHER |
| IRS990/OtherExpensesGrp/Desc | 2 | BANK SERVICE CHARGES |
| IRS990/OtherExpensesGrp/Desc | 3 | SERVICE FEE-VISA |
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| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 9963419 |
| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 13799 |
| IRS990/PoliciesReferenceChaptersInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 72523 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 79003 |
| IRS990/PrincipalOfficerNm | 0 | LUCINDA DOOGAN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICE REVENUE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 718976 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 718976 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 22611 |
| IRS990/PYOtherExpensesAmt | 0 | 417028 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 677047 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -24939 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 307569 |
| IRS990/PYTotalExpensesAmt | 0 | 724597 |
| IRS990/PYTotalRevenueAmt | 0 | 699658 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 3873 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 718976 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 1900098 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 1903971 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2428856 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1441497 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 703491 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 8314 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 711805 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 94077 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 253463 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 347540 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 738345 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 105893 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 105893 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 124 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 40795 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 40919 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 9152 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 9782 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 18934 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 11438093 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEPOSIT ACCOUNTS |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 742218 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 912737 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 738345 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 11438093 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 742218 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 742218 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 738345 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ELITE COMMUNITY CREDIT UNION IS COMMITTED TO MEET OUR MEMBERS' FINANCIAL NEEDS AND ASSIST THEM IN ATTAINING THEIR FINANCIAL GOALS. WE STRIVE TO PROVIDE THE BEST SERVICES POSSIBLE WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CREDIT UNION CONSISTS OF MEMBERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION FOLLOWS THE STANDARD BYLAWS AS SET FORTH BY THE STATE OF ILLINOIS. THE NUMBER OF DIRECTORS OF THIS CREDIT UNION SHALL BE 9. THE DIRECTORS SHALL BE ELECTED EACH YEAR AT THE ANNUAL MEETING OF THE MEMBERS HELD IN ACCORDANCE WITH ARTICLE IV OF THE ILLINOIS CREDIT UNION ACT - RULES AND REGULATIONS - STANDARD BYLAWS. THE DIRECTORS, UNLESS SOONER DISQUALIFIED OR REMOVED, SHALL HOLD OFFICE FOR THE TERM OF OFFICE FOR WHICH ELECTED AND UNTIL THEIR SUCCESSORS ARE ELECTED AND SHALL HAVE BEEN QUALIFIED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE POLICIES AND PROCEDURES AT THE BRANCH LOCATION ARE CONSISTENT WITH THE MAIN LOCATION TO ENSURE UNIFORMITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MANAGEMENT (PRESIDENT) REVIEWS THE FORM 990 BEFORE SIGNING AND SUBMITTING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THIS PROCESS INCLUDES A REVIEW AND APPROVAL BY (INDEPENDENT PERSON) THE BOARD OF DIRECTORS, COMPARABILITY DATA AND RECORDED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | MOVING/RELOCATION EXPENSE 14,421 0 0 BILL PAY EXPENSE 9,115 0 0 CU DUES LEAGUE & CHPT 8,886 0 0 SHARE DRAFT CHARGE OFF 7,078 0 0 BAD DEBT EXP - PROV LOAN 6,342 0 0 RE TAX-PROP HELD FOR SALE 5,280 0 0 MAINTENANCE EXP - PPE 5,023 0 0 IMPAIRMENT LOSS 4,608 0 0 SERVICE FEE-LOANS 4,025 0 0 CONTRIBUTIONS 3,707 0 0 VISA CARD FRAUD C/O 3,213 0 0 OPERATING EXPENSE - MISC 2,755 0 0 SERVICE FEE-MOBILE BANKIN 2,676 0 0 SERVICE FEE-RDC EXP 2,502 0 0 SERVICE FEE-HOME BANKING 2,017 0 0 VISA CARD FEE 1,751 0 0 SUBSCRIPTIONS 1,428 0 0 SERVICE FEE-IRAS 1,100 0 0 SERVICE FEE-CARFAX 544 0 0 SERVICE FEE-HOME EQUITY 392 0 0 CASH OVER/SHORT 258 0 0 INTEREST ON NOTES PAYABLE 3 0 0 TOTAL 87,124 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 10B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 24E |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 13905281 |
| IRS990/TotalAssetsEOYAmt | 0 | 13389358 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 13905281 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 13389358 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 9 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 738345 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 12005183 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 11485387 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 12005183 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 11485387 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1900098 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1903971 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 738345 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 718976 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 51669 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 23242 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 718976 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 742218 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 13905281 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 13389358 |
| IRS990/TravelGrp/TotalAmt | 0 | 8179 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | HTTP://WWW.ELITECCU.COM/ |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LUCINDA DOOGAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRES/MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8159397711 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-03-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ELITE COMMUNITY CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ELIT |
| ReturnHeader/Filer/EIN | 0 | 362478670 |
| ReturnHeader/Filer/PhoneNum | 0 | 8159337711 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 515 S MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOURBONNAIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60914 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | EB00B1FBE1E46E8ADE1DBA10A4B7C949966A9F61 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 6F85E01598EA87DF778E326399FF135DF3BA4916 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 362830852 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SMITH KOELLING DYKSTRA & OHM PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1605 N CONVENT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOURBONNAIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 60914 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8159371997 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-03-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CARMEN HUIZENGA |
| ReturnHeader/ReturnTs | 0 | 2017-03-14T16:15:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $13,389,358
- Liabilities
- $11,485,387
- Net assets
- $1,903,971
- Revenue
- $742,218
- Expenses
- $738,345
- Net income
- $3,873