Civic Intelligence

Credit Union 1

990 • Fiscal year 2021 • EIN 37-0767435

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Organization ProfileWWW.CREDITUNION1.ORG

View Organization Page

200 E Champaign AveRantoul, IL 61866-2930

(800) 252-6950

Siviq Scores

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

Liabilities / Assets

71st percentile

0.91x

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

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Liabilities / Revenue

9th percentile

15.34x

Higher debt load relative to revenue than 9% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Net Margin

33rd percentile

19%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Top Officer Pay

24th percentile

$651,515

Higher top officer pay than 24% of similar nonprofits.

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

2021 filings • 501(c)14 • $1B+ nonprofits • Source year 2021

Asset Growth

5th percentile

4.7%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

18%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$1,226,789,437

Up $55,356,083 (+4.7%) from 2020

Net Assets

Up

$106,891,248

Up $10,681,977 (+11%) from 2020

Liabilities

Up

$1,119,898,189

Up $44,674,106 (+4.2%) from 2020

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin33rd percentile

Revenue

Up

$72,991,911

Up $11,096,101 (+18%) from 2020

Expenses

Up

$59,187,636

Up $4,326,570 (+7.9%) from 2020

Net Income

Up

$13,804,275

Up $6,769,531 (+96%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$2.0B$1.5B$1.0B$500M$0Assets 2013: $745,918,714Liabilities 2013: $687,258,011Net Assets 2013: $58,660,7032013Assets 2014: $746,663,488Liabilities 2014: $685,194,165Net Assets 2014: $61,469,3232014Assets 2015: $773,159,834Liabilities 2015: $707,860,891Net Assets 2015: $65,298,9432015Assets 2016: $789,470,481Liabilities 2016: $720,255,004Net Assets 2016: $69,215,4772016Assets 2017: $826,333,195Liabilities 2017: $751,565,554Net Assets 2017: $74,767,6412017Assets 2018: $845,293,551Liabilities 2018: $764,140,641Net Assets 2018: $81,152,9102018Assets 2019: $958,631,700Liabilities 2019: $869,457,171Net Assets 2019: $89,174,5292019Assets 2020: $1,171,433,354Liabilities 2020: $1,075,224,083Net Assets 2020: $96,209,2712020Assets 2021: $1,226,789,437Liabilities 2021: $1,119,898,189Net Assets 2021: $106,891,2482021Assets 2022: $1,585,978,393Liabilities 2022: $1,455,360,872Net Assets 2022: $130,617,5212022Assets 2023: $1,699,028,667Liabilities 2023: $1,566,095,833Net Assets 2023: $132,932,8342023Assets 2024: $1,873,446,949Liabilities 2024: $1,715,980,762Net Assets 2024: $157,466,1872024

Highlighted filing

2021

Assets$1,226,789,437
Liabilities$1,119,898,189
Net Assets$106,891,248
Open 2021 Filing

Operations Trend

Revenue Growth91st percentile

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

$150M$100M$50M$0Revenue 2013: $37,302,606Expenses 2013: $35,377,494Net Income 2013: $1,925,1122013Revenue 2014: $36,824,051Expenses 2014: $34,023,279Net Income 2014: $2,800,7722014Revenue 2015: $38,015,498Expenses 2015: $34,185,878Net Income 2015: $3,829,6202015Revenue 2016: $39,294,201Expenses 2016: $35,443,230Net Income 2016: $3,850,9712016Revenue 2017: $44,099,722Expenses 2017: $39,730,078Net Income 2017: $4,369,6442017Revenue 2018: $50,527,357Expenses 2018: $44,142,088Net Income 2018: $6,385,2692018Revenue 2019: $59,629,366Expenses 2019: $51,607,748Net Income 2019: $8,021,6182019Revenue 2020: $61,895,810Expenses 2020: $54,861,066Net Income 2020: $7,034,7442020Revenue 2021: $72,991,911Expenses 2021: $59,187,636Net Income 2021: $13,804,2752021Revenue 2022: $74,221,901Expenses 2022: $64,352,203Net Income 2022: $9,869,6982022Revenue 2023: $98,062,927Expenses 2023: $88,205,293Net Income 2023: $9,857,6342023Revenue 2024: $107,315,887Expenses 2024: $103,205,283Net Income 2024: $4,110,6042024

Highlighted filing

2021

Revenue$72,991,911
Expenses$59,187,636
Net Income$13,804,275
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.2
Gross Receipts
$141,661,258
Mission and Program Overview

Mission

Credit union 1 is a member-owned and controlled financial institution dedicated to providing convenient and competitive services as a means of improving ongoing economic well-being of our members while promoting growth and maintaining the credit union's long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$703,405,930$820,880,135▲ $117,474,205
Savings and Temporary Cash Investments$75,314,421$244,532,935▲ $169,218,514
Rtn Earn Endowment Incm Other Fnds$96,209,271$106,891,248▲ $10,681,977
Investments in Publicly Traded Securities$189,959,867$42,027,279▼ $147,932,588
Land, Buildings, and Equipment, Net$17,695,114$22,939,606▲ $5,244,492
Cash and Non-Interest-Bearing Accounts$141,826,551$19,762,000▼ $122,064,551
Investments Other Securities-$6,003,995-
Investments Program Related$282,890--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,171,433,354$1,226,789,437▲ $55,356,083
Other Assets Total$42,948,581$70,643,487▲ $27,694,906
Liabilities
Other Liabilities$1,061,550,340$1,091,144,009▲ $29,593,669
Accounts Payable and Accrued Expenses$13,673,743$28,754,180▲ $15,080,437
Total Liabilities$1,075,224,083$1,119,898,189▲ $44,674,106
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,209,271$106,891,248▲ $10,681,977
Total Liabilities and Net Assets / Fund Balance$1,171,433,354$1,226,789,437▲ $55,356,083

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,805,452$9,939,720$17,745,172
Equipment$4,002,297$8,647,118$12,649,415
Leasehold Improvements$6,612,802$4,185,930$10,798,732
Land$3,326,155-$3,326,155
Other Land Buildings$1,192,900$69,659$1,262,559
Other Assets Org$21,097,052--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd GundersonPresident/CEOFT$472,767$178,748$651,515
Paul FichterEvp, General Counsel & Chief Legal OfficerFT$361,168$50,535$411,703
Paul FichterEvp, General Counsel & Chief Legal O-$293,668$118,035$411,703
Scott McdonaldEvp, Chief Financial OfficerFT$284,743$93,593$378,336
Jeff RothmeyerEvp, Chief Lending OfficerFT$245,321$90,215$335,536
Kevin AllenSVP, Chief Sales OfficerFT$218,271$97,386$315,657
Michael HirtSVP, Chief Technology OfficerFT$223,592$89,166$312,758
Robert EberhardtDirector - Chair-$21,600$24,619$46,219
Dan LongDirector-$14,400$9,902$24,302
Kent YagerDirector-$14,400$9,902$24,302
Thomas Wells JrDirector - Secretary-$14,400$9,870$24,270
Hallie OlsenDirector-$14,400$90$14,490
Rex TolliverDirector-$14,400$90$14,490
Paul SimonsDirector-$14,400$59$14,459
Daniel RicciDirector - Vice Chair-$14,400$45$14,445

Highest Paid Contractors

ContractorServicesLocationCompensation
Allied Benefit Systems INCEmployee Benefits300 W ADAMS STREET SUITE 500, Chicago, IL 60606$975,630
Bdo USA LLPComputer EquipmentPO BOX 642743, Chicago, IL 60606$258,601
Atrium Mall LLCRentPO BOX 9507, Boston, MA 02114-9507$224,033
22nd St LLC Butterfield PropertiesRent477 E BUTTERFIELD ROAD STE 202, Lombard, IL 60148$201,756
Comar Properties INCEmployee Benefits200 WEST ADAMS STREET SUITE 500, Chicago, IL 60606$199,667
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$34,183,025
Investment Income
$6,607,490
Other Revenue
$32,201,396
Change in Net Assets
$13,804,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,075,321
Other Expenses$28,112,315
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$28,492,839
Office Expenses---$6,526,948
Advertising---$5,622,924
Information Technology---$3,117,002
Current Officers, Directors, Trustees, and Key Employees---$2,582,482
Other Expenses---$1,820,285
Fees for Services Other---$1,540,926
All Other Expenses---$945,416
Interest---$433,732
Total Functional Expenses$0$0$0$59,187,636
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 Share Deposits (savings and Membership)$447,640,966
Money Market Share Deposit$296,801,953
Share Draft Deposits$194,964,090
Term Share and Ira Share Certificates$96,737,000
Fhlb Advance$55,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
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

“The organization has members.”

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

“Credit union members, which are the depositors, elect the board of directors at the annual meeting.”

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

“Certain transactions and decisions may be subject to approval by members.”

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

“The completed 990 is reviewed by the executive vice president of finance/cfo and the president/ceo.”

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

“The board compliance with the conflict of interest policy has not been an issue at the credit union. Board members notify the board of potential conflicts and remove him/herself from discussion of any such areas.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the president/ceo salary annually and utilizes a compensation survey prepared by cues for comparability purposes. The cues executive compensation guide is utilized by the ceo for salary comparability for officers and employees making over $100,000.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Credit Union 1
EIN
37-0767435
Phone
8002526950
Address
200 E CHAMPAIGN AVE, RANTOUL, IL 61866-2930

Signing Officer

Name
Scott Mcdonald
Title
CFO/evp
Phone
8002526950
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Mcdonald
Formed
1958
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
504
Volunteers
8

Preparer

Firm
Gbq Partners LLC
Address
4030 SMITH ROAD SUITE 400, CINCINNATI, OH 45209
Preparer
Gregory Heimkreiter
Phone
5138713033
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“Supervisory committee engages the cpa firm for an annual audit of the financial statement. Additionally the supervisory committee supervises the internal audit department which includes 3 employees.”

Financial Statement Notes

PART IV, LINE 2B:

“The credit union services 1st mortgage loans and as part of providing this service, collects property insurance and real estate tax payments monthly from home owners. The credit union holds the funds in escrow until the insurance premiums or tax bills are due.”

Raw XML AppendixShowing 400 of 600 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR - CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR - VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP, GENERAL COUNSEL & CHIEF LEGAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SVP, CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP, CHIEF SALES OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP, CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP, CHIEF LENDING OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt04370275
IRS990/GainOrLossGrp/SecuritiesAmt0-75910
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt013039622
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt059924090
IRS990/GrossReceiptsAmt0141661258
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03117002
IRS990/InterestGrp/TotalAmt0433732
IRS990/InvestmentIncomeGrp/ExclusionAmt02313125
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02313125
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06003995
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0282890
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0189959867
IRS990/InvestmentsPubTradedSecGrp/EOYAmt042027279
IRS990/IRPDocumentCnt011280
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022842427
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017695114
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022939606
IRS990/LandBldgEquipCostOrOtherBssAmt045782033
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08669347
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt060000000
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREDIT UNION 1 IS A MEMBER-OWNED AND CONTROLLED FINANCIAL INSTITUTION DEDICATED TO PROVIDING CONVENIENT AND COMPETITIVE SERVICES AS A MEANS OF IMPROVING ONGOING ECONOMIC WELL-BEING OF OUR MEMBERS WHILE PROMOTING GROWTH AND MAINTAINING THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt096209271
IRS990/NetAssetsOrFundBalancesEOYAmt0106891248
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt04294365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04294365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt06526948
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt042948581
IRS990/OtherAssetsTotalGrp/EOYAmt070643487
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN PROCESSING
IRS990/OtherExpensesGrp/Desc1VISA / ATM
IRS990/OtherExpensesGrp/Desc2DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/TotalAmt02904822
IRS990/OtherExpensesGrp/TotalAmt12689803
IRS990/OtherExpensesGrp/TotalAmt22510457
IRS990/OtherExpensesGrp/TotalAmt31820285
IRS990/OtherLiabilitiesGrp/BOYAmt01061550340
IRS990/OtherLiabilitiesGrp/EOYAmt01091144009
IRS990/OtherOrganizationDsc0CREDIT UNION
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt032201396
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032201396
IRS990/OtherRevenueTotalAmt032201396
IRS990/OtherSalariesAndWagesGrp/TotalAmt028492839
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0703405930
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0820880135
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT MCDONALD
IRS990/PriorPeriodAdjustmentsAmt0-3122298
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt034183025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt034183025
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06266977
IRS990/PYOtherExpensesAmt029584139
IRS990/PYOtherRevenueAmt026191534
IRS990/PYProgramServiceRevenueAmt029437299
IRS990/PYRevenuesLessExpensesAmt07034744
IRS990/PYSalariesCompEmpBnftPaidAmt025276927
IRS990/PYTotalExpensesAmt054861066
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt061895810
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt013804275
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt096209271
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0106891248
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075314421
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0244532935
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07805452
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09939720
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017745172
IRS990ScheduleD/EquipmentGrp/BookValueAmt04002297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08647118
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012649415
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt03326155
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03326155
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06612802
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04185930
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010798732
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017483055
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13208473
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt213098154
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt315756753
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt421097052
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2AMERICAN SHARE INSURANCE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CASH SURRENDER VALUE LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RIGHT OF USE ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01192900
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt069659
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01262559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0194964090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1447640966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2296801953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt396737000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt455000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER SHARE DEPOSITS (SAVINGS AND MEMBERSHIP)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARE DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TERM SHARE AND IRA SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4FHLB ADVANCE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION SERVICES 1ST MORTGAGE LOANS AND AS PART OF PROVIDING THIS SERVICE, COLLECTS PROPERTY INSURANCE AND REAL ESTATE TAX PAYMENTS MONTHLY FROM HOME OWNERS. THE CREDIT UNION HOLDS THE FUNDS IN ESCROW UNTIL THE INSURANCE PREMIUMS OR TAX BILLS ARE DUE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022939606
IRS990ScheduleD/TotalBookValueOtherAssetsAmt070643487
IRS990ScheduleD/TotalLiabilityAmt01091144009
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0472767
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1293668
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2284743
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3245321
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4218271
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5223592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0125000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount167500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount254600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount360075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount451374
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount545535
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,226,789,437
Liabilities
$1,119,898,189
Net assets
$106,891,248
Revenue
$72,991,911
Expenses
$59,187,636
Net income
$13,804,275
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,873$1,716$157$107$103$4.11
2023Detailed filing. Detailed filing data is available for this year.$1,699$1,566$133$98.1$88.2$9.86
2022Detailed filing. Detailed filing data is available for this year.$1,586$1,455$131$74.2$64.4$9.87
2021Detailed filing. Detailed filing data is available for this year.$1,227$1,120$107$73.0$59.2$13.8
2020Detailed filing. Detailed filing data is available for this year.$1,171$1,075$96.2$61.9$54.9$7.03
2019Detailed filing. Detailed filing data is available for this year.$959$869$89.2$59.6$51.6$8.02
2018Detailed filing. Detailed filing data is available for this year.$845$764$81.2$50.5$44.1$6.39
2017Detailed filing. Detailed filing data is available for this year.$826$752$74.8$44.1$39.7$4.37
2016Detailed filing. Detailed filing data is available for this year.$789$720$69.2$39.3$35.4$3.85
2015Detailed filing. Detailed filing data is available for this year.$773$708$65.3$38.0$34.2$3.83
2014Detailed filing. Detailed filing data is available for this year.$747$685$61.5$36.8$34.0$2.80
2013Detailed filing. Detailed filing data is available for this year.$746$687$58.7$37.3$35.4$1.93