Civic Intelligence

Elite Community Credit Union

990 • Fiscal year 2020 • EIN 36-2478670

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 05, 2021

Organization ProfileWWW.ELITECCU.COM

View Organization Page

515 S Main StreetBourbonnais, IL 60914

(815) 933-7711

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.89x

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

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

16.80x

Higher debt load relative to revenue than 27% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Net Margin

20th percentile

-0.8%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$73,973

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2020

Asset Growth

53rd percentile

12%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

2.9%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$16,911,850

Up $1,845,492 (+12%) from 2019

Net Assets

Down

$1,918,491

Down $6,729 (-0.3%) from 2019

Liabilities

Up

$14,993,359

Up $1,852,221 (+14%) from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin20th percentile

Revenue

Up

$892,533

Up $24,811 (+2.9%) from 2019

Expenses

Up

$899,262

Up $14,958 (+1.7%) from 2019

Net Income

Up

-$6,729

Up $9,853 (+59%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$30M$20M$10M$0Assets 2010: $11,758,123Liabilities 2010: $9,905,463Net Assets 2010: $1,852,6602010Assets 2011: $12,479,546Liabilities 2011: $10,630,998Net Assets 2011: $1,848,5482011Assets 2013: $13,662,459Liabilities 2013: $11,772,634Net Assets 2013: $1,889,8252013Assets 2014: $13,464,032Liabilities 2014: $11,538,995Net Assets 2014: $1,925,0372014Assets 2015: $13,905,281Liabilities 2015: $12,005,183Net Assets 2015: $1,900,0982015Assets 2016: $13,389,358Liabilities 2016: $11,485,387Net Assets 2016: $1,903,9712016Assets 2017: $14,573,636Liabilities 2017: $12,656,165Net Assets 2017: $1,917,4712017Assets 2018: $14,831,076Liabilities 2018: $12,889,274Net Assets 2018: $1,941,8022018Assets 2019: $15,066,358Liabilities 2019: $13,141,138Net Assets 2019: $1,925,2202019Assets 2020: $16,911,850Liabilities 2020: $14,993,359Net Assets 2020: $1,918,4912020Assets 2021: $21,068,479Liabilities 2021: $19,087,381Net Assets 2021: $1,981,0982021Assets 2022: $22,071,134Liabilities 2022: $20,003,798Net Assets 2022: $2,067,3362022Assets 2023: $23,001,009Liabilities 2023: $20,906,172Net Assets 2023: $2,094,8372023Assets 2024: $24,647,748Liabilities 2024: $22,489,463Net Assets 2024: $2,158,2852024

Highlighted filing

2020

Assets$16,911,850
Liabilities$14,993,359
Net Assets$1,918,491
Open 2020 Filing

Operations Trend

Revenue Growth85th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $618,8362010Expenses 2011: $601,3542011Revenue 2013: $670,818Expenses 2013: $642,602Net Income 2013: $28,2162013Revenue 2014: $698,709Expenses 2014: $663,497Net Income 2014: $35,2122014Revenue 2015: $699,658Expenses 2015: $724,597Net Income 2015: -$24,9392015Revenue 2016: $742,218Expenses 2016: $738,345Net Income 2016: $3,8732016Revenue 2017: $763,596Expenses 2017: $750,096Net Income 2017: $13,5002017Revenue 2018: $835,579Expenses 2018: $811,248Net Income 2018: $24,3312018Revenue 2019: $867,722Expenses 2019: $884,304Net Income 2019: -$16,5822019Revenue 2020: $892,533Expenses 2020: $899,262Net Income 2020: -$6,7292020Revenue 2021: $1,088,869Expenses 2021: $1,026,262Net Income 2021: $62,6072021Revenue 2022: $1,134,431Expenses 2022: $1,048,193Net Income 2022: $86,2382022Revenue 2023: $1,260,167Expenses 2023: $1,232,666Net Income 2023: $27,5012023Revenue 2024: $1,448,278Expenses 2024: $1,384,830Net Income 2024: $63,4482024

Highlighted filing

2020

Revenue$892,533
Expenses$899,262
Net Income-$6,729
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 5, 2021
Return Version
2020v4.0
Gross Receipts
$892,533
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
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,398,536$11,331,331▼ $67,205
Savings and Temporary Cash Investments$1,858,486$3,839,656▲ $1,981,170
Rtn Earn Endowment Incm Other Fnds$1,925,220$1,918,491▼ $6,729
Land, Buildings, and Equipment, Net$828,808$785,459▼ $43,349
Cash and Non-Interest-Bearing Accounts$297,395$317,934▲ $20,539
Prepaid Expenses and Deferred Charges$75,662$90,458▲ $14,796
Total Assets$15,066,358$16,911,850▲ $1,845,492
Other Assets Total$607,471$547,012▼ $60,459
Liabilities
Other Liabilities$13,079,721$14,936,915▲ $1,857,194
Accounts Payable and Accrued Expenses$61,417$56,444▼ $4,973
Total Liabilities$13,141,138$14,993,359▲ $1,852,221
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,925,220$1,918,491▼ $6,729
Total Liabilities and Net Assets / Fund Balance$15,066,358$16,911,850▲ $1,845,492

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$625,305$89,048$714,353
Equipment$54,261$308,039$362,300
Land$105,893-$105,893
Leasehold Improvements-$40,919$40,919
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Suzanne BellPres/managerFT$73,973$73,973

Board Members and Trustees

NameTitle
Greg OsengaChairperson
Melissa ChervenyVice-chair/s
Dan PowerBoard Member
Debi SchultzBoard Member
Gary VadeboncouerBoard Member
Roger CaldwellBoard Member
Ron PontonBoard Member
Jill LovellSecretary
Bruce AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$48,401
Program Service Revenue
$823,817
Investment Income
$20,315
Other Revenue
$0
Change in Net Assets
$-6,729

Audited Revenue Reconciliation

Revenue per Audited Statements
$892,533
Total Revenue per Audited Statements
$892,533
Total Revenue per Form 990
$892,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$508,385
Salaries, Compensation, and Employee Benefits$390,877
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$262,177
Information Technology---$86,563
All Other Expenses---$83,989
Current Officers, Directors, Trustees, and Key Employees---$73,973
Occupancy---$42,925
Depreciation Depletion---$42,693
Interest---$32,899
Payroll Taxes---$26,696
Fees for Services Accounting---$19,800
Other Expenses---$18,783
Insurance---$15,936
Pension Plan Contributions---$14,675
Other Employee Benefits---$13,356
Office Expenses---$12,494
Advertising---$6,314
Fees for Services Legal---$5,407
Conferences and Meetings---$5,205
Travel---$477
Total Functional Expenses$0$0$0$899,262

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$899,262
Total Expenses per Audited Statements$899,262
Total Expenses per Form 990$899,262
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$250
Total Exempt Function Spending$250

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$250
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposit Accounts$14,936,915
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 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
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 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
Suzanne Bell
Title
Pres/manager
Phone
8159397711
Signed
2021-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Bell
Formed
1958
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
8

Preparer

Firm
Skdo Pc
Address
1605 N CONVENT ST, 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.”

Raw XML Appendix351 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt054261
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0308039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0362300
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION CONSISTS OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3MANAGEMENT (PRESIDENT) REVIEWS THE FORM 990 BEFORE SIGNING AND SUBMITTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS INCLUDES A REVIEW AND APPROVAL BY (INDEPENDENT PERSON) THE BOARD OF DIRECTORS, COMPARABILITY DATA AND RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/WebsiteAddressTxt0HTTP://WWW.ELITECCU.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUZANNE BELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES/MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08159397711
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELITE COMMUNITY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ELIT
ReturnHeader/Filer/EIN0362478670
ReturnHeader/Filer/PhoneNum08159337711
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 S MAIN STREET
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362830852
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOURBONNAIS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060914
ReturnHeader/PreparerPersonGrp/PhoneNum08159371997
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARMEN HUIZENGA
ReturnHeader/ReturnTs02021-04-15T16:51:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUZANNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BELL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,911,850
Liabilities
$14,993,359
Net assets
$1,918,491
Revenue
$892,533
Expenses
$899,262
Net income
-$6,729
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.6$22.5$2.16$1.45$1.38$0.06
2023Detailed filing. Detailed filing data is available for this year.$23.0$20.9$2.09$1.26$1.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$22.1$20.0$2.07$1.13$1.05$0.09
2021Detailed filing. Detailed filing data is available for this year.$21.1$19.1$1.98$1.09$1.03$0.06
2020Detailed filing. Detailed filing data is available for this year.$16.9$15.0$1.92$0.89$0.90$0.01
2019Detailed filing. Detailed filing data is available for this year.$15.1$13.1$1.93$0.87$0.88$0.02
2018Detailed filing. Detailed filing data is available for this year.$14.8$12.9$1.94$0.84$0.81$0.02
2017Detailed filing. Detailed filing data is available for this year.$14.6$12.7$1.92$0.76$0.75$0.01
2016Detailed filing. Detailed filing data is available for this year.$13.4$11.5$1.90$0.74$0.74$0.00
2015Detailed filing. Detailed filing data is available for this year.$13.9$12.0$1.90$0.70$0.72$0.02
2014Detailed filing. Detailed filing data is available for this year.$13.5$11.5$1.93$0.70$0.66$0.04
2013Detailed filing. Detailed filing data is available for this year.$13.7$11.8$1.89$0.67$0.64$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$10.6$1.85$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$9.91$1.85$0.62