Civic Intelligence

Silgan White Cap Credit Union

EIN 36-2594101 • 501(c)14 • Downers Grove, IL

Profile

Provide loans and savings

1140 West 31st StreetDowners Grove, IL 60515

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

95th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • <$500k nonprofits • Source year 2021

Net Margin

17th percentile

-406%

Higher net margin than 17% of similar nonprofits.

501(c)14 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

95th percentile

-100%

Faster asset growth than 95% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

87th percentile

-5.9%

Faster revenue growth than 87% of similar nonprofits.

501(c)14 • <$500k nonprofits • Annualized from 2019 to 2021

Assets

Down

$0

Down $2,792,711 (-100%) from 2020

Liabilities

Down

$0

Down $2,029,167 (-100%) from 2020

Net Assets

Down

$0

Down $763,544 (-100%) from 2020

Revenue

Up

$75,037

Up $789 (+1.1%) from 2020

Expenses

Up

$379,575

Up $306,575 (+420%) from 2020

Net Income

Down

-$304,538

Down $305,786 (-24502%) from 2020

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,641,707Liabilities 2011: $1,753,790Net Assets 2011: $887,9172011Assets 2012: $2,705,691Liabilities 2012: $1,818,109Net Assets 2012: $887,5822012Assets 2013: $2,699,194Liabilities 2013: $1,822,303Net Assets 2013: $876,8912013Assets 2014: $2,704,591Liabilities 2014: $1,827,638Net Assets 2014: $876,9532014Assets 2015: $2,795,713Liabilities 2015: $1,959,374Net Assets 2015: $836,3392015Assets 2016: $2,729,380Liabilities 2016: $1,956,152Net Assets 2016: $773,2282016Assets 2017: $2,704,996Liabilities 2017: $1,930,095Net Assets 2017: $774,9012017Assets 2018: $2,675,385Liabilities 2018: $1,897,717Net Assets 2018: $777,6682018Assets 2019: $2,619,817Liabilities 2019: $1,857,520Net Assets 2019: $762,2972019Assets 2020: $2,792,711Liabilities 2020: $2,029,167Net Assets 2020: $763,5442020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$200K$0-$200K-$400KExpenses 2011: $66,2022011Expenses 2012: $57,8362012Revenue 2013: $61,457Expenses 2013: $72,148Net Income 2013: -$10,6912013Revenue 2014: $63,658Expenses 2014: $63,595Net Income 2014: $632014Revenue 2015: $65,898Expenses 2015: $106,513Net Income 2015: -$40,6152015Revenue 2016: $65,387Expenses 2016: $128,497Net Income 2016: -$63,1102016Revenue 2017: $73,776Expenses 2017: $72,104Net Income 2017: $1,6722017Revenue 2018: $86,464Expenses 2018: $83,697Net Income 2018: $2,7672018Revenue 2019: $84,793Expenses 2019: $100,164Net Income 2019: -$15,3712019Revenue 2020: $74,248Expenses 2020: $73,000Net Income 2020: $1,2482020Revenue 2021: $75,037Expenses 2021: $379,575Net Income 2021: -$304,5382021

Highlighted filing

2021

Revenue$75,037
Expenses$379,575
Net Income-$304,538

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Oct 31, 2021
Signed
Mar 21, 2022
Return Version
2021v4.2
Gross Receipts
$75,037
Mission and Program Overview

Mission

Provide loans and savings

Provide loans and savings accounts to employees of silgan white cap to offer low interest loans and dividends on savings accounts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,550,716--
Other Notes and Loans Receivable, Net$815,040--
Rtn Earn Endowment Incm Other Fnds$763,544--
Cash and Non-Interest-Bearing Accounts$391,305--
Receivables From Officers Etc$13,609$0▼ $13,609
Accounts Receivable$3,496--
Receivable From Disqualified Prsn-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$2,792,711$0▼ $2,792,711
Other Assets Total$18,545$0▼ $18,545
Liabilities
Other Liabilities$2,015,043$0▼ $2,015,043
Accounts Payable and Accrued Expenses$14,124--
Total Liabilities$2,029,167$0▼ $2,029,167
Net Assets / Fund Balance
Total Net Assets Fund Balance$763,544$0▼ $763,544
Total Liabilities and Net Assets / Fund Balance$2,792,711$0▼ $2,792,711
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-PresidentPT$29,680$29,680

Board Members and Trustees

NameTitle
-Chairperson
-Vice Chairperson
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$38,655
Investment Income
$3,342
Other Revenue
$33,040
Change in Net Assets
$-304,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$37,008
Salaries, Compensation, and Employee Benefits$34,353
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$308,214
Current Officers, Directors, Trustees, and Key Employees---$34,353
Information Technology---$18,023
All Other Expenses---$6,482
Insurance---$3,270
Other Expenses---$2,426
Office Expenses---$1,249
Fees for Services Accounting---$312
Advertising---$47
Total Functional Expenses$0$0$0$379,575
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$13,609$0▼ $13,609
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

CAROLYN CALLARD & William Callard - Family relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

Silgan White Cap Credit Union is a member owned cooperative nonprofit organization governed by a board of directors. The board is comprised of active members of the credit union who are appointed by the membership through a democratic election process. Members of the credit union are considered shareholders.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Members have the right to elect the board of directors of the organization. All voting on the election of directors shall be by ballot. Every member has the right to vote the number of shares they own for as many persons as there are directors to be elected.

Form 990, Part VI, Line 11B Review of form 990 by governing body

THE FORM 990 IS PREPARED BY An outside PUBLIC ACCOUNTING FIRM. DURING THE RETURN PREPARATION AND REVIEW PROCESS, THE PUBLIC ACCOUNTING FIRM COLLABORATES WITH THE ORGANIZATION'S FINANCE department FOR ASSISTANCE IN PREPARING A COMPLETE AND ACCURATE RETURN. UPON COMPLETION THE RETURN IS REVIEWED WITH THE REPORTING ORGANIZATION'S APPLICABLE SENIOR FINANCIAL OFFICER PRIOR TO FILING.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The President's compensation is reviewed and approved by the Chairperson and the Board of Directors on an annual basis. The Chairperson uses a published pay scale to assist in determining compensation.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Silgan White Cap Credit Union
EIN
36-2594101
Phone
6305155144
Address
1140 West 31st Street, Downers Grove, IL 60515

Signing Officer

Name
Joseph J Kregul
Title
HACU President/ CEO
Phone
6302765555
Signed
2022-03-21
Discuss with paid preparer
Yes

Organization Details

Formed
1935
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
10

Preparer

Firm
Crowe Llp
Address
575 Market Street Suite 3300, San Francisco, CA 94105-5829
Preparer
Diane Kirmaci
Phone
4155761100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3 Significant changes in program services

As of 10/31/2021, the organization's merger with Healthcare Associates Credit Union was finalized. Upon completion of the merger, the organization; s operations ceased on 10/31/2021.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Equity transferred in merger - -459006;

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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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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0HEALTHCARE ASSOCIATES CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 3053
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0NAPERVILLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0605667053
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As of 10/31/2021, the organization's merger with Healthcare Associates Credit Union was finalized. Upon completion of the merger, the organization; s operations ceased on 10/31/2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CAROLYN CALLARD & William Callard - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Silgan White Cap Credit Union is a member owned cooperative nonprofit organization governed by a board of directors. The board is comprised of active members of the credit union who are appointed by the membership through a democratic election process. Members of the credit union are considered shareholders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members have the right to elect the board of directors of the organization. All voting on the election of directors shall be by ballot. Every member has the right to vote the number of shares they own for as many persons as there are directors to be elected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY An outside PUBLIC ACCOUNTING FIRM. DURING THE RETURN PREPARATION AND REVIEW PROCESS, THE PUBLIC ACCOUNTING FIRM COLLABORATES WITH THE ORGANIZATION'S FINANCE department FOR ASSISTANCE IN PREPARING A COMPLETE AND ACCURATE RETURN. UPON COMPLETION THE RETURN IS REVIEWED WITH THE REPORTING ORGANIZATION'S APPLICABLE SENIOR FINANCIAL OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The President's compensation is reviewed and approved by the Chairperson and the Board of Directors on an annual basis. The Chairperson uses a published pay scale to assist in determining compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EQUITY TRANSFERRED IN MERGER - -459006;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3 Significant changes in program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2 Family/business relationships amongst interested persons
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9 Other changes in net assets or fund balances
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt02792711
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt02792711
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0379575
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02029167
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt02029167
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0763544
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt038655
IRS990/TotalReportableCompFromOrgAmt034353
IRS990/TotalRevenueGrp/ExclusionAmt03342
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt071695
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt075037
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02792711
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01140 West 31st Street
IRS990/USAddress/CityNm0Downers Grove
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060515
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph J Kregul
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HACU President/ CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06302765555
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Silgan White Cap Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0SILG
ReturnHeader/Filer/EIN0362594101
ReturnHeader/Filer/PhoneNum06305155144
ReturnHeader/Filer/USAddress/AddressLine1Txt01140 West 31st Street
ReturnHeader/Filer/USAddress/CityNm0Downers Grove
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060515
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350921680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CROWE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0575 Market Street Suite 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Francisco
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0941055829
ReturnHeader/PreparerPersonGrp/PhoneNum04155761100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Diane Kirmaci
ReturnHeader/ReturnTs02022-03-21T13:30:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Joseph
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Kregul
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02021

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