Civic Intelligence

Us Employees Credit Union

EIN 36-2479293 • 501(c)14 • Chicago, IL

View Organization Page

Profile

Illinois state chartered credit union operated for the mutual benefit of its members. The Credit Union makes loans to members and pays dividends to members with share deposits at a competitive rate of interest.

230 S Dearborn 29th Floor 2962Chicago, IL 60604

www.myusecu.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.87x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

16.13x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Net Margin

81st percentile

21%

Higher net margin than 81% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

2.5%

Faster asset growth than 55% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

36th percentile

12%

Faster revenue growth than 36% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$101,522,489

Up $2,448,281 (+2.5%) from 2024

Liabilities

Up

$88,625,870

Up $1,210,133 (+1.4%) from 2024

Net Assets

Up

$12,896,619

Up $1,238,148 (+11%) from 2024

Operations
Liabilities / Revenue55th percentileNet Margin81st percentile

Revenue

Up

$5,493,686

Up $578,147 (+12%) from 2024

Expenses

Up

$4,313,761

Up $134,865 (+3.2%) from 2024

Net Income

Up

$1,179,925

Up $443,282 (+60%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$150M$100M$50M$0Assets 2010: $72,067,051Liabilities 2010: $62,635,886Net Assets 2010: $9,431,1652010Assets 2011: $76,918,540Liabilities 2011: $67,086,644Net Assets 2011: $9,831,8962011Assets 2012: $79,669,969Liabilities 2012: $69,613,611Net Assets 2012: $10,056,3582012Assets 2013: $78,867,974Liabilities 2013: $68,947,927Net Assets 2013: $9,920,0472013Assets 2014: $79,793,517Liabilities 2014: $69,690,546Net Assets 2014: $10,102,9712014Assets 2015: $83,031,183Liabilities 2015: $72,775,135Net Assets 2015: $10,256,0482015Assets 2016: $83,233,889Liabilities 2016: $72,908,628Net Assets 2016: $10,325,2612016Assets 2017: $83,987,995Liabilities 2017: $73,562,363Net Assets 2017: $10,425,6322017Assets 2018: $85,910,362Liabilities 2018: $75,217,473Net Assets 2018: $10,692,8892018Assets 2019: $84,234,411Liabilities 2019: $75,437,603Net Assets 2019: $8,796,8082019Assets 2020: $95,275,894Liabilities 2020: $86,221,599Net Assets 2020: $9,054,2952020Assets 2021: $100,781,168Liabilities 2021: $91,093,541Net Assets 2021: $9,687,6272021Assets 2022: $101,726,447Liabilities 2022: $91,341,620Net Assets 2022: $10,384,8272022Assets 2023: $98,770,932Liabilities 2023: $87,906,384Net Assets 2023: $10,864,5482023Assets 2024: $99,074,208Liabilities 2024: $87,415,737Net Assets 2024: $11,658,4712024Assets 2025: $101,522,489Liabilities 2025: $88,625,870Net Assets 2025: $12,896,6192025

Highlighted filing

2025

Assets$101,522,489
Liabilities$88,625,870
Net Assets$12,896,619
Open 2025 Filing

Operations Trend

Revenue Growth36th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,911,7462010Expenses 2011: $4,492,0412011Expenses 2012: $4,297,5262012Revenue 2013: $4,248,838Expenses 2013: $4,313,654Net Income 2013: -$64,8162013Revenue 2014: $3,946,109Expenses 2014: $3,763,185Net Income 2014: $182,9242014Revenue 2015: $3,978,197Expenses 2015: $3,825,120Net Income 2015: $153,0772015Revenue 2016: $4,100,115Expenses 2016: $4,030,902Net Income 2016: $69,2132016Revenue 2017: $4,877,976Expenses 2017: $4,777,605Net Income 2017: $100,3712017Revenue 2018: $4,448,715Expenses 2018: $4,188,215Net Income 2018: $260,5002018Revenue 2019: $4,663,214Expenses 2019: $4,294,606Net Income 2019: $368,6082019Revenue 2020: $3,975,488Expenses 2020: $3,664,732Net Income 2020: $310,7562020Revenue 2021: $3,921,100Expenses 2021: $3,427,272Net Income 2021: $493,8282021Revenue 2022: $4,317,476Expenses 2022: $3,635,414Net Income 2022: $682,0622022Revenue 2023: $4,423,407Expenses 2023: $4,066,628Net Income 2023: $356,7792023Revenue 2024: $4,915,539Expenses 2024: $4,178,896Net Income 2024: $736,6432024Revenue 2025: $5,493,686Expenses 2025: $4,313,761Net Income 2025: $1,179,9252025

Highlighted filing

2025

Revenue$5,493,686
Expenses$4,313,761
Net Income$1,179,925
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,522,489
Liabilities
$88,625,870
Net assets
$12,896,619
Revenue
$5,493,686
Expenses
$4,313,761
Net income
$1,179,925
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$102$88.6$12.9$5.49$4.31$1.18
2024Detailed filing. Detailed filing data is available for this year.$99.1$87.4$11.7$4.92$4.18$0.74
2023Detailed filing. Detailed filing data is available for this year.$98.8$87.9$10.9$4.42$4.07$0.36
2022Detailed filing. Detailed filing data is available for this year.$102$91.3$10.4$4.32$3.64$0.68
2021Detailed filing. Detailed filing data is available for this year.$101$91.1$9.69$3.92$3.43$0.49
2020Detailed filing. Detailed filing data is available for this year.$95.3$86.2$9.05$3.98$3.66$0.31
2019Detailed filing. Detailed filing data is available for this year.$84.2$75.4$8.80$4.66$4.29$0.37
2018Detailed filing. Detailed filing data is available for this year.$85.9$75.2$10.7$4.45$4.19$0.26
2017Detailed filing. Detailed filing data is available for this year.$84.0$73.6$10.4$4.88$4.78$0.10
2016Detailed filing. Detailed filing data is available for this year.$83.2$72.9$10.3$4.10$4.03$0.07
2015Detailed filing. Detailed filing data is available for this year.$83.0$72.8$10.3$3.98$3.83$0.15
2014Detailed filing. Detailed filing data is available for this year.$79.8$69.7$10.1$3.95$3.76$0.18
2013Detailed filing. Detailed filing data is available for this year.$78.9$68.9$9.92$4.25$4.31$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$69.6$10.1$4.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.9$67.1$9.83$4.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.1$62.6$9.43$4.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 16, 2026
Return Version
2025v4.0
Gross Receipts
$5,493,686
Mission and Program Overview

Mission

Illinois state chartered credit union operated for the mutual benefit of its members. The Credit Union makes loans to members and pays dividends to members with share deposits at a competetive rate of interest.

Illinois state chartered credit union offering financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$63,811,728$66,653,852▲ $2,842,124
Other Notes and Loans Receivable, Net$27,284,284$27,013,602▼ $270,682
Rtn Earn Endowment Incm Other Fnds$11,658,471$12,896,619▲ $1,238,148
Cash and Non-Interest-Bearing Accounts$1,101,421$1,067,389▼ $34,032
Savings and Temporary Cash Investments$1,459,149$957,515▼ $501,634
Accounts Receivable$389,055$571,181▲ $182,126
Prepaid Expenses and Deferred Charges$445,817$363,870▼ $81,947
Investments Other Securities$140,601$140,601→ $0
Land, Buildings, and Equipment, Net$145,164$126,796▼ $18,368
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$99,074,208$101,522,489▲ $2,448,281
Other Assets Total$4,296,989$4,627,683▲ $330,694
Liabilities
Other Liabilities$87,042,634$88,232,750▲ $1,190,116
Accounts Payable and Accrued Expenses$373,103$393,120▲ $20,017
Total Liabilities$87,415,737$88,625,870▲ $1,210,133
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,658,471$12,896,619▲ $1,238,148
Total Liabilities and Net Assets / Fund Balance$99,074,208$101,522,489▲ $2,448,281

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$122,095$2,614,017$2,736,112
Other Land Buildings$4,701$1,007,566$1,012,267
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric StiegelCU CEO/Board TreasurerFT$412,076$137,292$549,368
Nilda R PadinChief Operating OfficerFT$224,557$85,076$309,633
Frank NicholsonChief Financial OfficerFT$227,983$79,038$307,021
John MorinVP-Information TechnologyFT$176,997$54,409$231,406

Board Members and Trustees

NameTitle
Paul E DurbakChairman
Therese AndersonVice-Chairman/Secretary
Cherie McClendonDirector
John KuckDirector
Michael MyersDirector
Steve SlamarDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservXP SystemsData Processing Platform Provider75 Remittance Drive Suite 6963, Chicago, IL 60675-6963$257,707
EnvisantHealth Insurance Provider1807 W Diehl Rd Suite 105M, Naperville, IL 60563$160,115
Jack Henry & AssociatesATM/Visa Card Network Processor663 W Highway 60, Monett, MO 65708-8215$130,010
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,166,766
Investment Income
$2,314,320
Other Revenue
$12,600
Change in Net Assets
$1,179,925

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,493,686
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$58,223
Total Revenue per Audited Statements
$5,551,909
Total Revenue per Form 990
$5,493,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,290,353
Other Expenses$2,023,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$1,397,428
Other Salaries and Wages---$529,824
Information Technology---$315,424
Other Employee Benefits---$245,376
Office Expenses---$199,527
Other Expenses---$116,130
Payroll Taxes---$114,995
All Other Expenses---$87,718
Conferences and Meetings---$80,484
Fees for Services Accounting---$65,779
Depreciation Depletion---$49,805
Insurance---$30,080
Advertising---$18,337
Fees for Service Investment Mgmnt Fees---$3,081
Pension Plan Contributions---$2,730
Fees for Services Other---$1,938
Total Functional Expenses$0$0$0$4,313,761

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,313,761
Total Expenses per Audited Statements$4,313,761
Total Expenses per Form 990$4,313,761
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member's shares$88,232,750
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 6

“Membership consists of individuals with funds on deposit with the Credit Union.”

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

“The membership participates in the annual election of the Board of Directors.”

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

“Membership votes on amendments to the articles of incorporation.”

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

“The 990 is reviewed by the Chief Executive Officer, Chief Financial Officer and Chairman of the Board.”

Form 990, Part VI, Section B, line 12C

“At the beginning of each board meeting directors are asked if they have any new conflicts of interest to report.”

Form 990, Part VI, Section B, line 15

“Compensation for the CEO is determined by a compensation committee of the Board of Directors and generally includes cost of living adjustments. The CEO has a written employment contract. Compensation for other highly compensated employees is determined by the CEO and is generally based on performance and cost of living adjustments.”

Form 990, Part VI, Section C, line 19

“Financial statements available at www.ncua.gov.”

Filing and Contact Details

Filer

Filer Name
US Employees Credit Union
EIN
36-2479293
Phone
3129225310
Address
230 S Dearborn 29th Floor 2962, Chicago, IL 60604

Signing Officer

Name
Eric Stiegel
Title
President
Phone
3129577795
Signed
2026-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Stiegel
Formed
1953
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
17
Volunteers
6

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Change in Value Split-dollar loans outstanding 58,223.”

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“FIN 48 Note from Audited Financial Statements The Credit Union is exempt, by statute, from Federal income taxes under Internal Revenue Code Section 501(c)(14) and state income taxes. 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 in 2024 or 2023 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.”

Part XI, Line 2D - Other Adjustments:

“Interest on split-dollar insurance policy 58,223.”

Raw XML AppendixShowing 400 of 486 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0373103
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0393120
IRS990/AccountsReceivableGrp/BOYAmt0389055
IRS990/AccountsReceivableGrp/EOYAmt0571181
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Illinois state chartered credit union offering financial services to its members.
IRS990/AdvertisingGrp/TotalAmt018337
IRS990/AllOtherExpensesGrp/TotalAmt087718
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Frank Nicholson
IRS990/BooksInCareOfDetail/PhoneNum03129577795
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0230 S Dearborn Suite 2962
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060604
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01101421
IRS990/CashNonInterestBearingGrp/EOYAmt01067389
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01397428
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt080484
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0257707
IRS990/ContractorCompensationGrp/CompensationAmt1160115
IRS990/ContractorCompensationGrp/CompensationAmt2130010
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt075 Remittance Drive Suite 6963
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11807 W Diehl Rd Suite 105M
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2663 W Highway 60
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Chicago
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Naperville
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Monett
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0606756963
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160563
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd2657088215
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0FiservXP Systems
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Envisant
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2Jack Henry & Associates
IRS990/ContractorCompensationGrp/ServicesDesc0Data Processing Platform Provider
IRS990/ContractorCompensationGrp/ServicesDesc1Health Insurance Provider
IRS990/ContractorCompensationGrp/ServicesDesc2ATM/Visa Card Network Processor
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02314320
IRS990/CYOtherExpensesAmt02023408
IRS990/CYOtherRevenueAmt012600
IRS990/CYProgramServiceRevenueAmt03166766
IRS990/CYRevenuesLessExpensesAmt01179925
IRS990/CYSalariesCompEmpBnftPaidAmt02290353
IRS990/CYTotalExpensesAmt04313761
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05493686
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt049805
IRS990/Desc0Credit Union makes and services consumer and real estate loans to members. The number of loans outstanding at 12/31/25 was 131,991 for a total of $27,013,602.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt065779
IRS990/FeesForServicesOtherGrp/TotalAmt01938
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt03081
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
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/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt258245
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt736789
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt823500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930781
IRS990/Form990PartVIISectionAGrp/PersonNm0Paul E Durbak
IRS990/Form990PartVIISectionAGrp/PersonNm1Therese Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm2Eric Stiegel
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Myers
IRS990/Form990PartVIISectionAGrp/PersonNm4John Kuck
IRS990/Form990PartVIISectionAGrp/PersonNm5Steve Slamar
IRS990/Form990PartVIISectionAGrp/PersonNm6Cherie McClendon
IRS990/Form990PartVIISectionAGrp/PersonNm7Nilda R Padin
IRS990/Form990PartVIISectionAGrp/PersonNm8John Morin
IRS990/Form990PartVIISectionAGrp/PersonNm9Frank Nicholson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2491123
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7272844
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8207906
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9276240
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice-Chairman/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2CU CEO/Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP-Information Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chief Financial Officer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05493686
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0315424
IRS990/InsuranceGrp/TotalAmt030080
IRS990/InvestmentIncomeGrp/ExclusionAmt02314320
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02314320
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0140601
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0140601
IRS990/InvestmentsPubTradedSecGrp/BOYAmt063811728
IRS990/InvestmentsPubTradedSecGrp/EOYAmt066653852
IRS990/IRPDocumentCnt0669
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03621583
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0145164
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0126796
IRS990/LandBldgEquipCostOrOtherBssAmt03748379
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Illinois state chartered credit union operated for the mutual benefit of its members. The Credit Union makes loans to members and pays dividends to members with share deposits at a competitive rate of interest.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011658471
IRS990/NetAssetsOrFundBalancesEOYAmt012896619
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0199527
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04296989
IRS990/OtherAssetsTotalGrp/EOYAmt04627683
IRS990/OtherChangesInNetAssetsAmt058223
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0245376
IRS990/OtherExpensesGrp/Desc0Processing charges
IRS990/OtherExpensesGrp/Desc1Loan servicing
IRS990/OtherExpensesGrp/Desc2Member dividends
IRS990/OtherExpensesGrp/Desc3Provision for loan loss
IRS990/OtherExpensesGrp/TotalAmt0519267
IRS990/OtherExpensesGrp/TotalAmt1271152
IRS990/OtherExpensesGrp/TotalAmt2264686
IRS990/OtherExpensesGrp/TotalAmt3116130
IRS990/OtherLiabilitiesGrp/BOYAmt087042634
IRS990/OtherLiabilitiesGrp/EOYAmt088232750
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Non-member income
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012600
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt012600
IRS990/OtherRevenueTotalAmt012600
IRS990/OtherSalariesAndWagesGrp/TotalAmt0529824
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt027284284
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt027013602
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0114995
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt02730
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0445817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0363870
IRS990/PrincipalOfficerNm0Eric Stiegel
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Int - loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees and service charge
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01966120
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11200646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01966120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11200646
IRS990/ProgSrvcAccomActy2Grp/Desc0Credit Union pays out dividends to its members share deposit accounts at a market rate of interest. The number of share accounts at 12/31/25 was 5,957 for a total of $88,232,750.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01496892
IRS990/PYOtherExpensesAmt02175616
IRS990/PYOtherRevenueAmt012356
IRS990/PYProgramServiceRevenueAmt03406291
IRS990/PYRevenuesLessExpensesAmt0736643
IRS990/PYSalariesCompEmpBnftPaidAmt02003280
IRS990/PYTotalExpensesAmt04178896
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04915539
IRS990/ReconcilationRevenueExpnssAmt01179925
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011658471
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012896619
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01459149
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0957515
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0122095
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02614017
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02736112
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04313761
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04701
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01007566
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01012267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088232750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member's shares
IRS990ScheduleD/OtherRevenueAmt058223
IRS990ScheduleD/RevenueNotReportedAmt058223
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05493686
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Note from Audited Financial Statements The Credit Union is exempt, by statute, from Federal income taxes under Internal Revenue Code Section 501(c)(14) and state income taxes. 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 in 2024 or 2023 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/ExplanationTxt1Interest on split-dollar insurance policy 58,223.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0126796
IRS990ScheduleD/TotalExpensesPerForm990Amt04313761
IRS990ScheduleD/TotalLiabilityAmt088232750
IRS990ScheduleD/TotalRevenuePerForm990Amt05493686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05551909
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04313761
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0412076
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1224557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2227983
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3176997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount079047
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount148287
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount248257
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount330909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt034750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt123500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt216574
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt323500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023495
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt113289
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt214207
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Eric Stiegel
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Nilda R Padin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Frank Nicholson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3John Morin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CU CEO/Board Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chief Operating Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Chief Financial Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP-Information Technology
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0549368
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1309633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2307021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3231406
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt30
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Deferred Compensation and Incentive Plan During 2017, the Credit Union initiated a Supplemental Executive Retirement Plan (SERP) with the CEO. The SERP is being funded via life insurance policies issued by Minnesota Life and a split-dollar agreement has been entered into with the executive covered under the SERP. Total split-dollar loans outstanding at December 31, 2023 totaled $2,711,557 and is included in the accompanying statement of financial condition. The loan has an interest rate equal to the applicable federal rate (1.92% at December 31, 2023) with interest accrued monthly. The Employer has paid one or more premiums into a life insurance policy owned by Employee. The premiums are treated for tax purposes as nonrecourse split dollar loans under 29 C.F.R. 1.7872-15. The Employer and Employee represent that a reasonable person would expect that the Employer will be paid all of its premium payments. Signed Representation available upon request.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 4b
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership consists of individuals with funds on deposit with the Credit Union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The membership participates in the annual election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Membership votes on amendments to the articles of incorporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 990 is reviewed by the Chief Executive Officer, Chief Financial Officer and Chairman of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4At the beginning of each board meeting directors are asked if they have any new conflicts of interest to report.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.