Civic Intelligence

Blackhawk Area Cu

990 • Fiscal year 2020 • EIN 36-6091357

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

Organization Profilewww.bacu.org

View Organization Page

214 Main StreetSavanna, IL 61074

(815) 273-4503

Siviq Scores

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

Liabilities / Assets

97th percentile

0.93x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

25.08x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

32nd percentile

4.5%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$94,000

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

77th percentile

19%

Faster asset growth than 77% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-7.7%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$40,360,049

Up $6,496,560 (+19%) from 2019

Net Assets

Down

$2,667,606

Down $64,164 (-2.3%) from 2019

Liabilities

Up

$37,692,443

Up $6,560,724 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin32nd percentile

Revenue

Down

$1,503,007

Down $126,044 (-7.7%) from 2019

Expenses

Down

$1,435,221

Down $84,741 (-5.6%) from 2019

Net Income

Down

$67,786

Down $41,303 (-38%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$60M$40M$20M$0Assets 2010: $28,904,119Liabilities 2010: $26,692,701Net Assets 2010: $2,211,4182010Assets 2011: $30,328,577Liabilities 2011: $27,970,688Net Assets 2011: $2,357,8892011Assets 2012: $32,358,116Liabilities 2012: $29,824,608Net Assets 2012: $2,533,5082012Assets 2013: $33,011,631Liabilities 2013: $30,339,110Net Assets 2013: $2,672,5212013Assets 2014: $33,583,896Liabilities 2014: $30,931,689Net Assets 2014: $2,652,2072014Assets 2015: $33,700,960Liabilities 2015: $31,051,303Net Assets 2015: $2,649,6572015Assets 2016: $33,344,685Liabilities 2016: $30,691,418Net Assets 2016: $2,653,2672016Assets 2017: $33,802,317Liabilities 2017: $31,236,619Net Assets 2017: $2,565,6982017Assets 2018: $33,561,901Liabilities 2018: $30,843,443Net Assets 2018: $2,718,4582018Assets 2019: $33,863,489Liabilities 2019: $31,131,719Net Assets 2019: $2,731,7702019Assets 2020: $40,360,049Liabilities 2020: $37,692,443Net Assets 2020: $2,667,6062020Assets 2021: $44,108,339Liabilities 2021: $41,185,823Net Assets 2021: $2,922,5162021Assets 2022: $43,546,962Liabilities 2022: $40,193,254Net Assets 2022: $3,353,7082022Assets 2023: $40,050,532Liabilities 2023: $36,183,342Net Assets 2023: $3,867,1902023Assets 2024: $38,018,614Liabilities 2024: $33,742,098Net Assets 2024: $4,276,5162024

Highlighted filing

2020

Assets$40,360,049
Liabilities$37,692,443
Net Assets$2,667,606
Open 2020 Filing

Operations Trend

Revenue Growth36th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,502,2772010Expenses 2011: $1,461,0072011Expenses 2012: $1,360,6702012Revenue 2013: $1,457,033Expenses 2013: $1,344,260Net Income 2013: $112,7732013Revenue 2014: $1,444,038Expenses 2014: $1,410,142Net Income 2014: $33,8962014Revenue 2015: $1,415,509Expenses 2015: $1,354,244Net Income 2015: $61,2652015Revenue 2016: $1,428,653Expenses 2016: $1,356,984Net Income 2016: $71,6692016Revenue 2017: $1,445,404Expenses 2017: $1,495,425Net Income 2017: -$50,0212017Revenue 2018: $1,553,828Expenses 2018: $1,421,998Net Income 2018: $131,8302018Revenue 2019: $1,629,051Expenses 2019: $1,519,962Net Income 2019: $109,0892019Revenue 2020: $1,503,007Expenses 2020: $1,435,221Net Income 2020: $67,7862020Revenue 2021: $1,720,364Expenses 2021: $1,484,181Net Income 2021: $236,1832021Revenue 2022: $1,907,031Expenses 2022: $1,571,638Net Income 2022: $335,3932022Revenue 2023: $2,171,881Expenses 2023: $1,635,081Net Income 2023: $536,8002023Revenue 2024: $2,178,867Expenses 2024: $1,722,770Net Income 2024: $456,0972024

Highlighted filing

2020

Revenue$1,503,007
Expenses$1,435,221
Net Income$67,786
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$1,503,007
Mission and Program Overview

Mission

The mission of the credit union is to provide low-cost financial services to its members, to encourage savings, to provide education in fiancial matters, and to prosper in order to continue to be a viable financial institution in the future.

Credit Union operated for mutual purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$22,458,741$23,865,277▲ $1,406,536
Savings and Temporary Cash Investments$3,400,932$10,922,878▲ $7,521,946
Investments in Publicly Traded Securities$6,115,415$3,330,879▼ $2,784,536
Rtn Earn Endowment Incm Other Fnds$2,731,770$2,667,606▼ $64,164
Cash and Non-Interest-Bearing Accounts$906,894$1,299,614▲ $392,720
Land, Buildings, and Equipment, Net$217,976$217,773▼ $203
Accounts Receivable$151,436$161,823▲ $10,387
Prepaid Expenses and Deferred Charges$111,643$143,246▲ $31,603
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$33,863,489$40,360,049▲ $6,496,560
Other Assets Total$500,452$418,559▼ $81,893
Liabilities
Other Liabilities$30,939,254$37,435,993▲ $6,496,739
Accounts Payable and Accrued Expenses$192,465$256,450▲ $63,985
Total Liabilities$31,131,719$37,692,443▲ $6,560,724
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,731,770$2,667,606▼ $64,164
Total Liabilities and Net Assets / Fund Balance$33,863,489$40,360,049▲ $6,496,560

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$52,052$553,059$0
Other Land Buildings$0$0$0
Land$106,500-$0
Equipment$41,966$383,290$0
Leasehold Improvements$17,255$24,962$0
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda SchroederCEOFT$94,000$94,000
Melanie MacyCredit ManagerFT$44,750$44,750

Board Members and Trustees

NameTitle
Beth WiegmannChairperson
Wayne WilsonVice Chairman
James KarrBoard Member
Leonard SheafferBoard Member
Marleen AndersenBoard Member
Steve VenhuizenBoard Member
Wilfred SchrammBoard Member
Mary OstendorfSecretary
Debbi HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,406,514
Investment Income
$96,493
Other Revenue
$0
Change in Net Assets
$67,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$741,707
Salaries, Compensation, and Employee Benefits$693,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$334,756
Office Expenses---$152,570
Current Officers, Directors, Trustees, and Key Employees---$138,750
Other Employee Benefits---$116,240
Information Technology---$84,150
Occupancy---$69,277
Pension Plan Contributions---$65,116
Payroll Taxes---$38,652
Other Expenses---$36,397
Fees for Services Accounting---$34,988
Depreciation Depletion---$34,899
Insurance---$32,451
Advertising---$27,497
Payments to Affiliates---$13,524
Travel---$5,706
Conferences and Meetings---$33
Total Functional Expenses$0$0$0$1,435,221
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
All Shares held by members$37,435,993
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“4,181 members”

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

“4,181 members”

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

“members”

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

“Rhonda Schroeder, CEO completes Form 990 with the assistance of Melanie Macy, Credit Manager.”

Form 990, Part VI, Section C, Line 19

“Newsletter, website, and upon request.”

Filing and Contact Details

Filer

Filer Name
Blackhawk Area Cu
EIN
36-6091357
Phone
8152734503
Address
214 Main Street, Savanna, IL 61074

Signing Officer

Name
Rhonda Schroeder
Title
CEO
Phone
8152732945
Signed
2021-05-12

Organization Details

Principal Officer
Rhonda Schroeder
Formed
1935
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
0
Employees
17
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“OCI Adjustment”

Raw XML AppendixShowing 400 of 448 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/BOYAmt0192465
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0256450
IRS990/AccountsReceivableGrp/BOYAmt0151436
IRS990/AccountsReceivableGrp/EOYAmt0161823
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Credit Union operated for mutual purposes.
IRS990/AdvertisingGrp/TotalAmt027497
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Rhonda Schroeder
IRS990/BooksInCareOfDetail/PhoneNum08152734503
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0214 Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Savanna
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd061074
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0906894
IRS990/CashNonInterestBearingGrp/EOYAmt01299614
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0138750
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt033
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt00
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt096493
IRS990/CYOtherExpensesAmt0741707
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01406514
IRS990/CYRevenuesLessExpensesAmt067786
IRS990/CYSalariesCompEmpBnftPaidAmt0693514
IRS990/CYTotalExpensesAmt01435221
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01503007
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt034899
IRS990/Desc0We serve 4,181 members with savings accounts and dividend rates higher than area competitors.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt034988
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0Rhonda Schroeder
IRS990/Form990PartVIISectionAGrp/PersonNm1Melanie Macy
IRS990/Form990PartVIISectionAGrp/PersonNm2Marleen Andersen
IRS990/Form990PartVIISectionAGrp/PersonNm3James Karr
IRS990/Form990PartVIISectionAGrp/PersonNm4Wilfred Schramm
IRS990/Form990PartVIISectionAGrp/PersonNm5Debbi Hunter
IRS990/Form990PartVIISectionAGrp/PersonNm6Steve Venhuizen
IRS990/Form990PartVIISectionAGrp/PersonNm7Mary Ostendorf
IRS990/Form990PartVIISectionAGrp/PersonNm8Leonard Sheaffer
IRS990/Form990PartVIISectionAGrp/PersonNm9Wayne Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm10Beth Wiegmann
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt094000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt144750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Credit Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chairperson
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt01503007
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt084150
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt032451
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt096493
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt096493
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06115415
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03330879
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0961311
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0217976
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0217773
IRS990/LandBldgEquipCostOrOtherBssAmt01179084
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0The mission of the credit union is to provide low-cost financial services to its members, to encourage savings, to provide education in fiancial matters, and to prosper in order to continue to be a viable financial institution in the future.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02731770
IRS990/NetAssetsOrFundBalancesEOYAmt02667606
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt069277
IRS990/OfficeExpensesGrp/TotalAmt0152570
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0500452
IRS990/OtherAssetsTotalGrp/EOYAmt0418559
IRS990/OtherChangesInNetAssetsAmt0-131950
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0116240
IRS990/OtherExpensesGrp/Desc0Dividends
IRS990/OtherExpensesGrp/Desc1Loan/Collection Expense
IRS990/OtherExpensesGrp/Desc2Share Draft, ATM, ACH, Cash Over/Short
IRS990/OtherExpensesGrp/TotalAmt069273
IRS990/OtherExpensesGrp/TotalAmt1180942
IRS990/OtherExpensesGrp/TotalAmt236397
IRS990/OtherLiabilitiesGrp/BOYAmt030939254
IRS990/OtherLiabilitiesGrp/EOYAmt037435993
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0334756
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt022458741
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt023865277
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt013524
IRS990/PayrollTaxesGrp/TotalAmt038652
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt065116
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111643
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0143246
IRS990/PrincipalOfficerNm0Rhonda Schroeder
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0We have a total of 1,419 outstanding member consumer loans.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0We have a total of 247 outstanding member mortgage and/or HELOC loans.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0191797
IRS990/PYOtherExpensesAmt0835782
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01437254
IRS990/PYRevenuesLessExpensesAmt0109089
IRS990/PYSalariesCompEmpBnftPaidAmt0684180
IRS990/PYTotalExpensesAmt01519962
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01629051
IRS990/ReconcilationRevenueExpnssAmt067786
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02731770
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02667606
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03400932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010922878
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt052052
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0553059
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0605111
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt041966
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0383290
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0425256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0106500
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0106500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017255
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024962
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt042217
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt037435993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0All Shares held by members
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0217773
IRS990ScheduleD/TotalLiabilityAmt037435993
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt04,181 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14,181 members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rhonda Schroeder, CEO completes Form 990 with the assistance of Melanie Macy, Credit Manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Newsletter, website, and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OCI Adjustment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033863489
IRS990/TotalAssetsEOYAmt040360049
IRS990/TotalAssetsGrp/BOYAmt033863489
IRS990/TotalAssetsGrp/EOYAmt040360049
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01435221
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031131719
IRS990/TotalLiabilitiesEOYAmt037692443
IRS990/TotalLiabilitiesGrp/BOYAmt031131719
IRS990/TotalLiabilitiesGrp/EOYAmt037692443
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02731770
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02667606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$40,360,049
Liabilities
$37,692,443
Net assets
$2,667,606
Revenue
$1,503,007
Expenses
$1,435,221
Net income
$67,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$33.7$4.28$2.18$1.72$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$36.2$3.87$2.17$1.64$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$40.2$3.35$1.91$1.57$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.1$41.2$2.92$1.72$1.48$0.24
2020Detailed filing. Detailed filing data is available for this year.$40.4$37.7$2.67$1.50$1.44$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.9$31.1$2.73$1.63$1.52$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$30.8$2.72$1.55$1.42$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.8$31.2$2.57$1.45$1.50$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.3$30.7$2.65$1.43$1.36$0.07
2015Detailed filing. Detailed filing data is available for this year.$33.7$31.1$2.65$1.42$1.35$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$30.9$2.65$1.44$1.41$0.03
2013Detailed filing. Detailed filing data is available for this year.$33.0$30.3$2.67$1.46$1.34$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$29.8$2.53$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.3$28.0$2.36$1.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$26.7$2.21$1.50