Civic Intelligence

Illinois Educators Credit Union

990 • Fiscal year 2013 • EIN 37-0771458

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

1420 S 8th Street62703

(217) 528-2642

Siviq Scores

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

Liabilities / Assets

76th percentile

0.91x

Higher debt load relative to assets than 76% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

20th percentile

15.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Net Margin

51st percentile

6.6%

Higher net margin than 51% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

93rd percentile

$156,434

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2013

Asset Growth

46th percentile

1.6%

Faster asset growth than 46% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2011 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$47,085,172

Up $1,504,044 (+3.3%) from 2011

Net Assets

Up

$4,345,133

Up $363,698 (+9.1%) from 2011

Liabilities

Up

$42,740,039

Up $1,140,346 (+2.7%) from 2011

Revenue

$2,839,594

No earlier filing loaded for comparison.

Expenses

Up

$2,653,238

Up $90,418 (+3.5%) from 2011

Net Income

$186,356

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $44,320,704Liabilities 2010: $40,745,276Net Assets 2010: $3,575,4282010Assets 2011: $45,581,128Liabilities 2011: $41,599,693Net Assets 2011: $3,981,4352011Assets 2013: $47,085,172Liabilities 2013: $42,740,039Net Assets 2013: $4,345,1332013Assets 2014: $48,694,724Liabilities 2014: $44,003,816Net Assets 2014: $4,690,9082014Assets 2015: $51,792,478Liabilities 2015: $47,057,097Net Assets 2015: $4,735,3812015Assets 2016: $53,136,609Liabilities 2016: $48,065,793Net Assets 2016: $5,070,8162016Assets 2017: $56,920,373Liabilities 2017: $51,433,949Net Assets 2017: $5,486,4242017Assets 2018: $58,283,995Liabilities 2018: $52,157,069Net Assets 2018: $6,126,9262018Assets 2019: $65,310,945Liabilities 2019: $58,646,423Net Assets 2019: $6,664,5222019Assets 2020: $70,012,794Liabilities 2020: $62,875,222Net Assets 2020: $7,137,5722020Assets 2021: $80,007,252Liabilities 2021: $72,189,004Net Assets 2021: $7,818,2482021Assets 2022: $100,277,471Liabilities 2022: $89,732,087Net Assets 2022: $10,545,3842022Assets 2023: $102,087,604Liabilities 2023: $90,953,244Net Assets 2023: $11,134,3602023Assets 2024: $100,738,030Liabilities 2024: $88,939,099Net Assets 2024: $11,798,9312024Assets 2025: $120,028,071Liabilities 2025: $107,432,127Net Assets 2025: $12,595,9442025

Highlighted filing

2013

Assets$47,085,172
Liabilities$42,740,039
Net Assets$4,345,133

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $2,807,7932010Expenses 2011: $2,562,8202011Revenue 2013: $2,839,594Expenses 2013: $2,653,238Net Income 2013: $186,3562013Revenue 2014: $3,127,670Expenses 2014: $2,781,895Net Income 2014: $345,7752014Revenue 2015: $3,310,304Expenses 2015: $3,262,971Net Income 2015: $47,3332015Revenue 2016: $3,366,919Expenses 2016: $3,031,484Net Income 2016: $335,4352016Revenue 2017: $3,404,506Expenses 2017: $2,988,898Net Income 2017: $415,6082017Revenue 2018: $3,639,970Expenses 2018: $2,999,469Net Income 2018: $640,5012018Revenue 2019: $3,859,148Expenses 2019: $3,321,669Net Income 2019: $537,4792019Revenue 2020: $3,496,202Expenses 2020: $3,023,152Net Income 2020: $473,0502020Revenue 2021: $3,585,286Expenses 2021: $2,904,610Net Income 2021: $680,6762021Revenue 2022: $5,097,247Expenses 2022: $3,516,595Net Income 2022: $1,580,6522022Revenue 2023: $5,723,602Expenses 2023: $4,901,421Net Income 2023: $822,1812023Revenue 2024: $6,471,024Expenses 2024: $5,796,688Net Income 2024: $674,3362024Revenue 2025: $7,332,940Expenses 2025: $6,555,567Net Income 2025: $777,3732025

Highlighted filing

2013

Revenue$2,839,594
Expenses$2,653,238
Net Income$186,356
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.1
Gross Receipts
$2,920,592
Mission and Program Overview

Mission

The Illinois Educators Credit Union operates to assist its members by providing loans deposit accounts and other financial services for the benefit of the entire membership.

The illinois educators credit union operates without a profit for the mutual benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,507,195$32,374,650▲ $1,867,455
Investments in Publicly Traded Securities$9,985,607$7,995,841▼ $1,989,766
Rtn Earn Endowment Incm Other Fnds$4,158,777$4,345,133▲ $186,356
Savings and Temporary Cash Investments$3,299,496$4,186,509▲ $887,013
Cash and Non-Interest-Bearing Accounts$613,700$929,170▲ $315,470
Land, Buildings, and Equipment, Net$1,016,302$908,321▼ $107,981
Accounts Receivable$147,421--
Prepaid Expenses and Deferred Charges$91,909$121,390▲ $29,481
Total Assets$46,631,404$47,085,172▲ $453,768
Other Assets Total$969,774$569,291▼ $400,483
Liabilities
Other Liabilities$42,347,584$42,583,759▲ $236,175
Accounts Payable and Accrued Expenses$125,043$156,280▲ $31,237
Total Liabilities$42,472,627$42,740,039▲ $267,412
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,158,777$4,345,133▲ $186,356
Total Liabilities and Net Assets / Fund Balance$46,631,404$47,085,172▲ $453,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$218,003$839,715$1,057,718
Buildings$435,573$446,988$882,561
Land$254,745-$254,745
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gene TaylorPresident/CEOFT$150,813$5,621$156,434
Gene Taylor--$144,626$11,808$156,434
Cheri TaylorExecutive VPFT$142,115$4,752$146,867
Paul GaumerComptrollerFT$24,987$700$25,687

Board Members and Trustees

NameTitle
Frank SimpsonChairperson
John MeyerVice-chairperson
Henry StuckeyDirector
James KorteDirector
Richard BowenDirector
Richard HadfieldDirector
Daryl MorrisonSecretary
Tiffany WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,627,284
Investment Income
$212,310
Other Revenue
$0
Change in Net Assets
$186,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,473,624
Salaries, Compensation, and Employee Benefits$1,179,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$689,360
Office Expenses---$562,916
Current Officers, Directors, Trustees, and Key Employees---$328,988
Information Technology---$210,212
Depreciation Depletion---$131,500
Other Expenses---$125,934
Payroll Taxes---$86,373
Occupancy---$83,596
Fees for Services Accounting---$56,775
Other Employee Benefits---$54,109
Advertising---$35,205
Insurance---$29,804
All Other Expenses---$22,501
Pension Plan Contributions---$20,784
Travel---$17,081
Fees for Services Other---$15,489
Fees for Services Legal---$13,729
Conferences and Meetings---$515
Interest---$57
Total Functional Expenses$0$0$0$2,653,238
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBER'S SHARE ACCOUNTS$42,583,759
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
Filing and Contact Details

Filer

EIN
37-0771458
Phone
2175282642

Signing Officer

Name
Gene Taylor
Title
President/CEO
Phone
2175282642
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gene Taylor
Formed
1938
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
40
Volunteers
8

Preparer

Preparer
Brent J Lively
Phone
2178249661
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Officers gene taylor and cheri taylor have a family relationship.

Pt VI, Line 6

The credit union is a member owned financial institution.

Pt VI, Line 7A

The governing body is elected from and by the membership annually.

Pt VI, Line 7B

From time to time, certain decisions will be presented to the membership

Pt VI, Line 7B

For a vote, which is determined on a case by case basis.

Pt VI, Line 11B

Copies of the final form 990 and schedules were made available to

Pt VI, Line 11B

Each board member prior to being filed with the irs. Board members

Pt VI, Line 11B

Were asked to review the return individually and to contact the return

Pt VI, Line 11B

Preparer, other board members, or executive officers with any

Pt VI, Line 11B

QUESTIONS OR CONCERNS.

Form 990, Part IX, Line 24F

Miscellaneous 2537. Dues 15514. Oreo expense 4450.

Raw XML Appendix374 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/ReconcilationRevenueExpnssAmt0186356
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04158777
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04345133
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03299496
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04186509
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0435573
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0446988
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0882561
IRS990ScheduleD/EquipmentGrp/BookValueAmt0218003
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0839715
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01057718
IRS990ScheduleD/LandGrp/BookValueAmt0254745
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0254745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042583759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER'S SHARE ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0908321
IRS990ScheduleD/TotalLiabilityAmt042583759
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144626
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05621
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GENE TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156434
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES COMPENSATION AMOUNTS FOR ALL OFFICERS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS GENE TAYLOR AND CHERI TAYLOR HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR A VOTE, WHICH IS DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE MADE AVAILABLE TO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MISCELLANEOUS 2537. DUES 15514. OREO EXPENSE 4450.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt046631404
IRS990/TotalAssetsEOYAmt047085172
IRS990/TotalAssetsGrp/BOYAmt046631404
IRS990/TotalAssetsGrp/EOYAmt047085172
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt040
IRS990/TotalFunctionalExpensesGrp/TotalAmt02653238
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042472627
IRS990/TotalLiabilitiesEOYAmt042740039
IRS990/TotalLiabilitiesGrp/BOYAmt042472627
IRS990/TotalLiabilitiesGrp/EOYAmt042740039
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04158777
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04345133
IRS990/TotalOtherCompensationAmt011073
IRS990/TotalProgramServiceRevenueAmt02627284
IRS990/TotalReportableCompFromOrgAmt0317915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02839594
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02839594
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046631404
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047085172
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt017081
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine101420 S 8TH STREET
IRS990/USAddress/City0SPRINGFIELD
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode062703
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GENE TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02175282642
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10ILLINOIS EDUCATORS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0ILLI
ReturnHeader/Filer/EIN0370771458
ReturnHeader/Filer/PhoneNum02175282642
ReturnHeader/Filer/USAddress/AddressLine101420 S 8TH STREET
ReturnHeader/Filer/USAddress/City0SPRINGFIELD
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode062703
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LMHN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10900 N Webster St PO Box 87
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Taylorville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode062568
ReturnHeader/PreparerPersonGrp/PhoneNum02178249661
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT J LIVELY
ReturnHeader/ReturnTs02014-05-14T14:59:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$120$107$12.6$7.33$6.56$0.78
2024Detailed filing. Detailed filing data is available for this year.$101$88.9$11.8$6.47$5.80$0.67
2023Detailed filing. Detailed filing data is available for this year.$102$91.0$11.1$5.72$4.90$0.82
2022Detailed filing. Detailed filing data is available for this year.$100$89.7$10.5$5.10$3.52$1.58
2021Detailed filing. Detailed filing data is available for this year.$80.0$72.2$7.82$3.59$2.90$0.68
2020Detailed filing. Detailed filing data is available for this year.$70.0$62.9$7.14$3.50$3.02$0.47
2019Detailed filing. Detailed filing data is available for this year.$65.3$58.6$6.66$3.86$3.32$0.54
2018Detailed filing. Detailed filing data is available for this year.$58.3$52.2$6.13$3.64$3.00$0.64
2017Detailed filing. Detailed filing data is available for this year.$56.9$51.4$5.49$3.40$2.99$0.42
2016Detailed filing. Detailed filing data is available for this year.$53.1$48.1$5.07$3.37$3.03$0.34
2015Detailed filing. Detailed filing data is available for this year.$51.8$47.1$4.74$3.31$3.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$48.7$44.0$4.69$3.13$2.78$0.35
2013Detailed filing. Detailed filing data is available for this year.$47.1$42.7$4.35$2.84$2.65$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.6$41.6$3.98$2.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.3$40.7$3.58$2.81