Civic Intelligence

Scott Credit Union

990 • Fiscal year 2017 • EIN 37-0732817

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

101 Credit Union WayEdwardsville, IL 62025

(618) 345-1000

Siviq Scores

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

Liabilities / Assets

1st percentile

0.02x

Higher debt load relative to assets than 1% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

1st percentile

0.34x

Higher debt load relative to revenue than 1% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Net Margin

50th percentile

18%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Top Officer Pay

15th percentile

$512,782

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2017 filings • 501(c)14 • $1B+ nonprofits • Source year 2017

Asset Growth

7th percentile

2.1%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-3.2%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,115,637,231

Up $23,021,047 (+2.1%) from 2016

Net Assets

Up

$1,096,989,147

Up $19,561,961 (+1.8%) from 2016

Liabilities

Up

$18,648,084

Up $3,459,086 (+23%) from 2016

Revenue

Down

$55,518,098

Down $1,855,253 (-3.2%) from 2016

Expenses

Up

$45,758,222

Up $3,068,634 (+7.2%) from 2016

Net Income

Down

$9,759,876

Down $4,923,887 (-34%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2010: $694,237,890Liabilities 2010: $6,718,054Net Assets 2010: $687,519,8362010Assets 2011: $793,719,711Liabilities 2011: $8,818,063Net Assets 2011: $784,901,6482011Assets 2012: $887,522,001Liabilities 2012: $12,850,961Net Assets 2012: $874,671,0402012Assets 2013: $928,998,458Liabilities 2013: $10,254,933Net Assets 2013: $918,743,5252013Assets 2014: $1,040,158,460Liabilities 2014: $66,252,603Net Assets 2014: $973,905,8572014Assets 2015: $1,039,804,748Liabilities 2015: $10,810,943Net Assets 2015: $1,028,993,8052015Assets 2016: $1,092,616,184Liabilities 2016: $15,188,998Net Assets 2016: $1,077,427,1862016Assets 2017: $1,115,637,231Liabilities 2017: $18,648,084Net Assets 2017: $1,096,989,1472017Assets 2018: $1,219,604,280Liabilities 2018: $94,161,603Net Assets 2018: $1,125,442,6772018Assets 2019: $1,268,134,429Liabilities 2019: $55,405,311Net Assets 2019: $1,212,729,1182019Assets 2020: $1,455,808,260Liabilities 2020: $1,322,109,378Net Assets 2020: $133,698,8822020Assets 2021: $1,647,347,103Liabilities 2021: $1,506,326,357Net Assets 2021: $141,020,7462021Assets 2022: $1,751,826,315Liabilities 2022: $1,613,825,374Net Assets 2022: $138,000,9412022Assets 2023: $1,741,583,732Liabilities 2023: $1,597,906,829Net Assets 2023: $143,676,9032023Assets 2024: $1,745,004,988Liabilities 2024: $1,592,503,489Net Assets 2024: $152,501,4992024

Highlighted filing

2017

Assets$1,115,637,231
Liabilities$18,648,084
Net Assets$1,096,989,147

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $26,801,8492010Expenses 2011: $30,129,0422011Expenses 2012: $32,364,5982012Revenue 2013: $48,907,962Expenses 2013: $34,470,831Net Income 2013: $14,437,1312013Revenue 2014: $52,126,205Expenses 2014: $56,348,837Net Income 2014: -$4,222,6322014Revenue 2015: $52,808,385Expenses 2015: $41,430,913Net Income 2015: $11,377,4722015Revenue 2016: $57,373,351Expenses 2016: $42,689,588Net Income 2016: $14,683,7632016Revenue 2017: $55,518,098Expenses 2017: $45,758,222Net Income 2017: $9,759,8762017Revenue 2018: $64,499,920Expenses 2018: $52,738,224Net Income 2018: $11,761,6962018Revenue 2019: $68,652,150Expenses 2019: $60,320,609Net Income 2019: $8,331,5412019Revenue 2020: $69,277,943Expenses 2020: $64,773,713Net Income 2020: $4,504,2302020Revenue 2021: $74,654,217Expenses 2021: $66,970,715Net Income 2021: $7,683,5022021Revenue 2022: $84,339,279Expenses 2022: $75,829,501Net Income 2022: $8,509,7782022Revenue 2023: $105,927,391Expenses 2023: $96,614,257Net Income 2023: $9,313,1342023Revenue 2024: $120,951,375Expenses 2024: $114,208,098Net Income 2024: $6,743,2772024

Highlighted filing

2017

Revenue$55,518,098
Expenses$45,758,222
Net Income$9,759,876
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.2
Gross Receipts
$55,518,098
Mission and Program Overview

Mission

Served members' interests by accepting deposits, granting loans, and investing excess funds in a prudent manner

To serve members needs by accepting deposits, granting loans and investmeng excess funds in a prudent manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$980,299,415$990,198,985▲ $9,899,570
Other Notes and Loans Receivable, Net$841,622,892$917,624,929▲ $76,002,037
Rtn Earn Endowment Incm Other Fnds$97,127,771$106,790,162▲ $9,662,391
Savings and Temporary Cash Investments$161,246,627$78,252,419▼ $82,994,208
Investments Program Related$9,925,382$28,663,900▲ $18,738,518
Land, Buildings, and Equipment, Net$28,852,305$28,232,371▼ $619,934
Accounts Receivable$9,393,668$14,535,210▲ $5,141,542
Cash and Non-Interest-Bearing Accounts$17,139,263$13,337,888▼ $3,801,375
Receivables From Officers Etc$1,760,097$6,173,041▲ $4,412,944
Prepaid Expenses and Deferred Charges$1,418,837$1,556,749▲ $137,912
Intangible Assets$383,900$352,404▼ $31,496
Investments in Publicly Traded Securities$62,597--
Total Assets$1,092,616,184$1,115,637,231▲ $23,021,047
Other Assets Total$20,810,616$26,908,320▲ $6,097,704
Liabilities
Other Liabilities$5,169,162$9,882,947▲ $4,713,785
Accounts Payable and Accrued Expenses$10,019,836$8,765,137▼ $1,254,699
Total Liabilities$15,188,998$18,648,084▲ $3,459,086
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,077,427,186$1,096,989,147▲ $19,561,961
Total Liabilities and Net Assets / Fund Balance$1,092,616,184$1,115,637,231▲ $23,021,047

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,901,501$10,977,762$28,879,263
Equipment$3,096,928$10,514,553$13,611,481
Land$6,298,894-$6,298,894
Other Land Buildings$808,835-$808,835
Leasehold Improvements$126,213$531,389$657,602
Investment Program Related Org$28,663,900--
Other Assets Org$26,908,320--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank M PadakCEOFT$412,289$100,493$512,782
Scott SeidlExec VPFT$267,850$148,161$333,813
Steve StrykerCOOFT$120,022$157,478$277,500
Chris BrownerCFOFT$202,972$52,270$260,433
Eric WaltenbergerMtg Loan OfficeFT$52,705$21,990$220,560
Adam KoishorChief Marketing OfficerFT$133,827$40,116$179,348
Brian WaldronChief Lending OfficerFT$141,189$34,133$175,322
Shannon WillsMortgage Loan OfficerFT$53,125$10,209$166,132
Dale BeardVP of Risk MgmntFT$128,876$52,113$165,168
Tony BakalarMtg Loan OfficerFT$52,099$108,442$160,541
Alan SimpsonVP Info TechFT$128,487$30,256$158,743
Deanna OneillVP Employee SvcsFT$116,168$51,604$152,397
Scott PetersVP of FinanceFT$128,703$163,014$151,352
Marna AsburyVP of MtgFT$105,610$34,684$140,294
Chris DavisVP of Comm LendingFT$108,350$31,525$139,875
Linda HickmanVP of Consumer LendingFT$91,973$31,505$123,478
Dave RothVP Account SvcsFT$86,518$36,317$122,835
Eric HamCIOFT$82,805$16,008$98,813
Kv KondapalliCIOFT$44,615$14,973$54,088

Board Members and Trustees

NameTitle
William HostetterChairman
Donald PierreVice Chairman
Michele GehlbachAsscociate Director
Christopher SobrinoAssociate Director
Judith BeussinkAssociate Director
Mark WitkowskiAssociate Director
Carolyn ChoateDirector
Dale HuegenDirector
Lawrence J HaffnerDirector
Sarah KopatzDirector
Sheila ValloweDirector
Betty RenthDirector Emeritus
Roselyn M AltmanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,990,269
Investment Income
$2,512,037
Other Revenue
$15,792
Change in Net Assets
$9,759,876

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,518,098
Total Revenue per Audited Statements
$55,518,098
Total Revenue per Form 990
$55,518,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,826,827
Salaries, Compensation, and Employee Benefits$16,931,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$23,761,997--$23,761,997
Other Salaries and Wages$9,467,386--$9,467,386
Current Officers, Directors, Trustees, and Key Employees$3,033,451--$3,033,451
Other Employee Benefits$2,824,403--$2,824,403
Depreciation Depletion$2,124,500--$2,124,500
Advertising$1,309,792--$1,309,792
Payroll Taxes$1,009,155--$1,009,155
Interest$759,719--$759,719
Pension Plan Contributions$597,000--$597,000
Fees for Services Legal$262,330--$262,330
Insurance$242,988--$242,988
Fees for Services Accounting$197,684--$197,684
Conferences and Meetings$167,817--$167,817
Total Functional Expenses$45,758,222$0$0$45,758,222

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,758,222
Total Expenses per Audited Statements$45,758,222
Total Expenses per Form 990$45,758,222
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$18,130
Total Exempt Function Spending$18,130

Section 527 Organizations

OrganizationLocationAmount
36-3092340Naperville, IL$18,130
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,760,097$6,173,041▲ $4,412,944
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$9,779,755
Borrowed Funds$103,192
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

All voting on the election of directors shall be by ballot, except when there is a no contest-(written ballots need not be cast) on election of directors, every shareholder has the right to vote the number of shares owned by for as many persons as there are directors to be elected. They may also cumulate their shares and give one candidate as many votes as the number of directors multiplied by the number of shares owned. Members that are not natural persons may cast a vote through a delegated agent. All elections shall be determined by plurality vote and shall be by ballot except where there is no contest. In case of failure to elect, the meeting may be adjourned from time to time.

Member election for additional members Part VI line 7A

All voting on the election of directors shall be by ballot except when there is no contest.

Form 990 governing body review Part VI line 11

The credit unions tax return is reviewed by the ceo

CEO executive director top management comp Part VI line 15A

Executive compensation is determined by the board of directors, who are independent volunteers. Their process includes a review of compensation data for executive positions at similar entities.

Governing documents etc available to public Part VI line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Scott Credit Union
EIN
37-0732817
Address
101 CREDIT UNION WAY, EDWARDSVILLE, IL 62025

Signing Officer

Name
Scott Peters
Title
VP of Finance
Phone
6183451000
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank M Padak
Formed
1943
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
318
Volunteers
7

Preparer

Firm
Gerald E Creasman CPA PA
Address
5915 Ponce De Leon Blvd Ste 24, Coral Gables, FL 33146
Preparer
Gerald E Creasman CPA
Phone
3055960903
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Increase in member deposits

General explanation attachment

Schedule c: political activities: the organizations only political activitiy is the contribution to credit union political action council the is reported in parts i-a and i-c of this schedule c schedule d: part x: management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSOCIATE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF MTG
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF RISK MGMNT
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF COMM LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt18CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF CONSUMER LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt20CHIEF MARKETING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP EMPLOYEE SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP ACCOUNT SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXEC VP
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP INFO TECH
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IRS990/Form990PartVIISectionAGrp/TitleTxt27MTG LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28MTG LOAN OFFICE
IRS990/Form990PartVIISectionAGrp/TitleTxt29MORTGAGE LOAN OFFICER
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,745$1,593$153$121$114$6.74
2023Detailed filing. Detailed filing data is available for this year.$1,742$1,598$144$106$96.6$9.31
2022Detailed filing. Detailed filing data is available for this year.$1,752$1,614$138$84.3$75.8$8.51
2021Detailed filing. Detailed filing data is available for this year.$1,647$1,506$141$74.7$67.0$7.68
2020Detailed filing. Detailed filing data is available for this year.$1,456$1,322$134$69.3$64.8$4.50
2019Detailed filing. Detailed filing data is available for this year.$1,268$55.4$1,213$68.7$60.3$8.33
2018Detailed filing. Detailed filing data is available for this year.$1,220$94.2$1,125$64.5$52.7$11.8
2017Detailed filing. Detailed filing data is available for this year.$1,116$18.6$1,097$55.5$45.8$9.76
2016Detailed filing. Detailed filing data is available for this year.$1,093$15.2$1,077$57.4$42.7$14.7
2015Detailed filing. Detailed filing data is available for this year.$1,040$10.8$1,029$52.8$41.4$11.4
2014Detailed filing. Detailed filing data is available for this year.$1,040$66.3$974$52.1$56.3$4.22
2013Detailed filing. Detailed filing data is available for this year.$929$10.3$919$48.9$34.5$14.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$888$12.9$875$32.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$794$8.82$785$30.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$694$6.72$688$26.8