Civic Intelligence

MID-Illini Credit Union

990 • Fiscal year 2013 • EIN 37-0904387

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 21, 2014

Organization ProfileWWW.MIDILLINICU.COM

View Organization Page

PO Box 126661702

(309) 661-1166

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

13.11x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

26th percentile

0.8%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

99th percentile

$276,555

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

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

Asset Growth

52nd percentile

2.2%

Faster asset growth than 52% of similar nonprofits.

2013 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$47,630,031

Up $1,010,523 (+2.2%) from 2012

Net Assets

Up

$3,414,057

Up $28,281 (+0.8%) from 2012

Liabilities

Up

$44,215,974

Up $982,242 (+2.3%) from 2012

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin26th percentile

Revenue

$3,372,485

No earlier filing loaded for comparison.

Expenses

Up

$3,344,204

Up $174,693 (+5.5%) from 2012

Net Income

$28,281

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$100M$50M$0Assets 2010: $41,938,078Liabilities 2010: $38,819,924Net Assets 2010: $3,118,1542010Assets 2011: $44,758,378Liabilities 2011: $41,679,385Net Assets 2011: $3,078,9932011Assets 2012: $46,619,508Liabilities 2012: $43,233,732Net Assets 2012: $3,385,7762012Assets 2013: $47,630,031Liabilities 2013: $44,215,974Net Assets 2013: $3,414,0572013Assets 2014: $46,627,480Liabilities 2014: $42,993,679Net Assets 2014: $3,633,8012014Assets 2015: $50,552,600Liabilities 2015: $46,688,237Net Assets 2015: $3,864,3632015Assets 2016: $52,866,511Liabilities 2016: $48,731,452Net Assets 2016: $4,135,0592016Assets 2017: $56,794,757Liabilities 2017: $52,487,599Net Assets 2017: $4,307,1582017Assets 2018: $61,223,477Liabilities 2018: $56,833,111Net Assets 2018: $4,390,3662018Assets 2019: $60,752,426Liabilities 2019: $56,265,665Net Assets 2019: $4,486,7612019Assets 2020: $70,433,887Liabilities 2020: $65,624,719Net Assets 2020: $4,809,1682020Assets 2021: $74,172,804Liabilities 2021: $68,698,394Net Assets 2021: $5,474,4102021Assets 2022: $80,425,234Liabilities 2022: $74,539,114Net Assets 2022: $5,886,1202022

Highlighted filing

2013

Assets$47,630,031
Liabilities$44,215,974
Net Assets$3,414,057
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Expenses 2010: $2,670,3182010Expenses 2011: $2,973,9762011Expenses 2012: $3,169,5112012Revenue 2013: $3,372,485Expenses 2013: $3,344,204Net Income 2013: $28,2812013Revenue 2014: $3,172,452Expenses 2014: $2,952,708Net Income 2014: $219,7442014Revenue 2015: $3,387,764Expenses 2015: $3,157,202Net Income 2015: $230,5622015Revenue 2016: $4,154,737Expenses 2016: $3,884,041Net Income 2016: $270,6962016Revenue 2017: $4,364,533Expenses 2017: $4,192,434Net Income 2017: $172,0992017Revenue 2018: $4,566,133Expenses 2018: $4,482,925Net Income 2018: $83,2082018Revenue 2019: $4,174,511Expenses 2019: $4,078,116Net Income 2019: $96,3952019Revenue 2020: $3,891,452Expenses 2020: $3,569,045Net Income 2020: $322,4072020Revenue 2021: $4,122,721Expenses 2021: $3,457,479Net Income 2021: $665,2422021Revenue 2022: $4,068,734Expenses 2022: $3,657,024Net Income 2022: $411,7102022

Highlighted filing

2013

Revenue$3,372,485
Expenses$3,344,204
Net Income$28,281
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 21, 2014
Return Version
2013v3.0
Gross Receipts
$3,372,485
Mission and Program Overview

Mission

The credit union provides security of savings and selected financial services to its members in a convenient, responsive manner, at competitive rates, while maintaining financial stability and capital growth within the association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$41,498,883$41,364,908▼ $133,975
Rtn Earn Endowment Incm Other Fnds$3,385,776$3,414,057▲ $28,281
Savings and Temporary Cash Investments$1,418,721$2,694,178▲ $1,275,457
Land, Buildings, and Equipment, Net$1,508,411$1,467,509▼ $40,902
Cash and Non-Interest-Bearing Accounts$1,252,666$1,319,965▲ $67,299
Prepaid Expenses and Deferred Charges$97,817$105,756▲ $7,939
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,619,508$47,630,031▲ $1,010,523
Other Assets Total$843,010$677,715▼ $165,295
Liabilities
Other Liabilities$42,727,593$43,764,575▲ $1,036,982
Accounts Payable and Accrued Expenses$506,139$451,399▼ $54,740
Total Liabilities$43,233,732$44,215,974▲ $982,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,385,776$3,414,057▲ $28,281
Total Liabilities and Net Assets / Fund Balance$46,619,508$47,630,031▲ $1,010,523

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,467,509$1,372,679$2,840,188
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom StewartPresident/treasurerFT$244,847$31,708$276,555
Debbie PetersenVice PresidentFT$99,998$29,914$129,912
Eric ArmstrongCFOFT$47,123$14,315$61,438

Board Members and Trustees

NameTitle
Jim IsomChairman
John WyssmanVice Chairman/secretary
Carol BeardBoard Member
Corey HardinBoard Member
David WittBoard Member
John McintyreBoard Member
Lue WaltersBoard Member
Merrial WillnerBoard Member
Susan StellaBoard Member
Tom BruckerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,372,485
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$28,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,671,345
Revenue Not Reported on Financial Statements
$1,701,140
Revenue Not Reported on Form 990
$1,801,767
Other Revenue Adjustments
$1,701,140
Total Revenue per Audited Statements
$3,473,112
Total Revenue per Form 990
$3,372,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,959,623
Salaries, Compensation, and Employee Benefits$1,384,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$727,582
Current Officers, Directors, Trustees, and Key Employees---$467,905
Office Expenses---$341,444
Advertising---$293,127
Depreciation Depletion---$217,300
Other Expenses---$166,614
All Other Expenses---$113,595
Payroll Taxes---$92,021
Pension Plan Contributions---$71,746
Occupancy---$39,901
Other Employee Benefits---$25,327
Travel---$18,961
Fees for Services Accounting---$18,956
Fees for Services Legal---$10,470
Interest---$21
Total Functional Expenses$0$0$0$3,344,204

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,348,413
Total Expenses per Form 990$3,344,204
Expenses Not Reported on Form 990$1,681,377
Expenses Not Reported on Financial Statements$1,677,168
Other Expense Adjustments$1,677,168
Expenses per Audited Statements$1,667,036
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
Membership Shares$43,764,575
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
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

“Mid-illini has 7,429 members as of 12/31/13. Qualifications for membership are on file with the illinois department of financial & professional regulation. A $5.00 deposit is required to gain and maintain membership”

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

“Mid-illini's membership elect a board of directors each year at its annual meeting.”

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

“Major decisions, such as whether or not to merge into another credit union, would require ratification by the membership to be approved.”

Form 990, Part VI, Section B, Line 11

“Form 990 is included in the board of directors monthly board packet for the board of directors review.”

Form 990, Part VI, Section B, Line 15

“Compensation for mid-illini's president and ceo are approved by the board annually. Periodically the board uses annual salary surveys to compare and determine compensation. Compensation for mid-illini's officers and key employees are determined using limits approved by the board of directors. The president awards compensation based on merit and on an annual salary survey used as a reference.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements, and form 990 are available to our memberhsip upon request. Financial statements are available to our members and the general public via the ncua's web site.”

Filing and Contact Details

Filer

EIN
37-0904387
Phone
3096611166

Signing Officer

Name
Tom Stewart
Title
President
Phone
3096611166
Signed
2014-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Stewart
Formed
1940
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
10
Employees
32
Volunteers
0

Preparer

Preparer
Paul J Rozek
Phone
6309541400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not changed either its oversight process of the audit or its selection process during the tax year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue for period july 1, 2012 through december 31, 2012. Most recent audited financial statement were for the 12 month period ended june 30, 2013”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Revenue for period july 1, 2013 through december 31, 2013. Audited financial statements were for the 12 month period ended june 30,2013”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expense for period july 1, 2012 through december 31, 2012. Most recent audited financial statement were for the 12 month period ended june 30, 2013”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Revenue for period july 1, 2013 through december 31, 2013. Most recent audited financial statement were for the 12 month period ended june 30, 2013”

Raw XML AppendixShowing 400 of 412 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/ActivityOrMissionDesc0THE CREDIT UNION PROVIDES SECURITY OF SAVINGS AND SELECTED FINANCIAL SERVICES TO ITS MEMBERS IN A CONVENIENT, RESPONSIVE MANNER, AT COMPETITIVE RATES, WHILE MAINTAINING FINANCIAL STABILITY AND CAPITAL GROWTH WITHIN THE ASSOCIATION.
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IRS990/Desc0MAINTAINED 11,540 SHARE ACCOUNTS TOTALING $43,789,028 IN TOTAL SHARES AS OF 12/31/13 GRANTED 1,372 LOANS TOTALING $22,621,257, TO OUR MEMBERS DURING 2013
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IRS990/OtherExpensesGrp/Desc2VISA/ATM EXPENSES
IRS990/OtherExpensesGrp/Desc3DIVIDENDS
IRS990/OtherExpensesGrp/TotalAmt0328217
IRS990/OtherExpensesGrp/TotalAmt1212608
IRS990/OtherExpensesGrp/TotalAmt2198409
IRS990/OtherExpensesGrp/TotalAmt3166614
IRS990/OtherLiabilitiesGrp/BOYAmt042727593
IRS990/OtherLiabilitiesGrp/EOYAmt043764575
IRS990/OtherSalariesAndWagesGrp/TotalAmt0727582
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt092021
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt071746
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt097817
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0105756
IRS990/PrincipalOfficerNm0TOM STEWART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEES & OTHER INC.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02595402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1777083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02595402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1777083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01969176
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03476294
IRS990/PYRevenuesLessExpensesAmt0306783
IRS990/PYSalariesCompEmpBnftPaidAmt01200335
IRS990/PYTotalExpensesAmt03169511
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03476294
IRS990/ReconcilationRevenueExpnssAmt028281
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03385776
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03414057
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01418721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02694178
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt01681377
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01677168
IRS990ScheduleD/ExpensesSubtotalAmt01667036
IRS990ScheduleD/OtherExpensesIncludedAmt01681377
IRS990ScheduleD/OtherExpensesNotIncludedAmt01677168
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01467509
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01372679
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02840188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043764575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERSHIP SHARES
IRS990ScheduleD/OtherRevenueAmt01801767
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01701140
IRS990ScheduleD/RevenueNotReportedAmt01801767
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01701140
IRS990ScheduleD/RevenueSubtotalAmt01671345
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE FOR PERIOD JULY 1, 2012 THROUGH DECEMBER 31, 2012. MOST RECENT AUDITED FINANCIAL STATEMENT WERE FOR THE 12 MONTH PERIOD ENDED JUNE 30, 2013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE FOR PERIOD JULY 1, 2013 THROUGH DECEMBER 31, 2013. AUDITED FINANCIAL STATEMENTS WERE FOR THE 12 MONTH PERIOD ENDED JUNE 30,2013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSE FOR PERIOD JULY 1, 2012 THROUGH DECEMBER 31, 2012. MOST RECENT AUDITED FINANCIAL STATEMENT WERE FOR THE 12 MONTH PERIOD ENDED JUNE 30, 2013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3REVENUE FOR PERIOD JULY 1, 2013 THROUGH DECEMBER 31, 2013. MOST RECENT AUDITED FINANCIAL STATEMENT WERE FOR THE 12 MONTH PERIOD ENDED JUNE 30, 2013
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01467509
IRS990ScheduleD/TotalExpensesPerForm990Amt03344204
IRS990ScheduleD/TotalLiabilityAmt043764575
IRS990ScheduleD/TotalRevenuePerForm990Amt03372485
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03473112
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03348413
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0244847
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012242
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt019466
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TOM STEWART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0276555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION FOR MID-ILLINI'S PRESIDENT AND CEO ARE APPROVED BY THE BOARD ANNUALLY. PERIODICALLY THE BOARD USES ANNUAL SALARY SURVEYS TO COMPARE AND DETERMINE COMPENSATION. COMPENSATION FOR MID-ILLINI'S OFFICERS AND KEY EMPLOYEES ARE DETERMINED USING LIMITS APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT AWARDS COMPENSATION BASED ON MERIT AND ON AN ANNUAL SALARY SURVEY USED AS A REFERENCE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MID-ILLINI HAS 7,429 MEMBERS AS OF 12/31/13. QUALIFICATIONS FOR MEMBERSHIP ARE ON FILE WITH THE ILLINOIS DEPARTMENT OF FINANCIAL & PROFESSIONAL REGULATION. A $5.00 DEPOSIT IS REQUIRED TO GAIN AND MAINTAIN MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MID-ILLINI'S MEMBERSHIP ELECT A BOARD OF DIRECTORS EACH YEAR AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAJOR DECISIONS, SUCH AS WHETHER OR NOT TO MERGE INTO ANOTHER CREDIT UNION, WOULD REQUIRE RATIFICATION BY THE MEMBERSHIP TO BE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS INCLUDED IN THE BOARD OF DIRECTORS MONTHLY BOARD PACKET FOR THE BOARD OF DIRECTORS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR MID-ILLINI'S PRESIDENT AND CEO ARE APPROVED BY THE BOARD ANNUALLY. PERIODICALLY THE BOARD USES ANNUAL SALARY SURVEYS TO COMPARE AND DETERMINE COMPENSATION. COMPENSATION FOR MID-ILLINI'S OFFICERS AND KEY EMPLOYEES ARE DETERMINED USING LIMITS APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT AWARDS COMPENSATION BASED ON MERIT AND ON AN ANNUAL SALARY SURVEY USED AS A REFERENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO OUR MEMBERHSIP UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS AND THE GENERAL PUBLIC VIA THE NCUA'S WEB SITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OF THE AUDIT OR ITS SELECTION PROCESS DURING THE TAX YEAR.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046619508
IRS990/TotalAssetsEOYAmt047630031
IRS990/TotalAssetsGrp/BOYAmt046619508
IRS990/TotalAssetsGrp/EOYAmt047630031
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/TotalAmt03344204
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043233732
IRS990/TotalLiabilitiesEOYAmt044215974
IRS990/TotalLiabilitiesGrp/BOYAmt043233732
IRS990/TotalLiabilitiesGrp/EOYAmt044215974
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03385776
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03414057
IRS990/TotalOtherCompensationAmt075937
IRS990/TotalProgramServiceExpensesAmt03302530
IRS990/TotalProgramServiceRevenueAmt03372485
IRS990/TotalReportableCompFromOrgAmt0391968
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03372485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03372485
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046619508
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047630031
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt018961
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1266
IRS990/USAddress/City0BLOOMINGTON
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode061702
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.MIDILLINICU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03096611166
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine10MID-ILLINI CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0370904387
ReturnHeader/Filer/PhoneNum03096611166
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1266
ReturnHeader/Filer/USAddress/City0BLOOMINGTON
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode061702
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362985770

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,630,031
Liabilities
$44,215,974
Net assets
$3,414,057
Revenue
$3,372,485
Expenses
$3,344,204
Net income
$28,281
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.4$74.5$5.89$4.07$3.66$0.41
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.2$68.7$5.47$4.12$3.46$0.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.4$65.6$4.81$3.89$3.57$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.8$56.3$4.49$4.17$4.08$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.2$56.8$4.39$4.57$4.48$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.8$52.5$4.31$4.36$4.19$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.9$48.7$4.14$4.15$3.88$0.27
2015Detailed filing. Detailed filing data is available for this year.$50.6$46.7$3.86$3.39$3.16$0.23
2014Detailed filing. Detailed filing data is available for this year.$46.6$43.0$3.63$3.17$2.95$0.22
2013Detailed filing. Detailed filing data is available for this year.$47.6$44.2$3.41$3.37$3.34$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$43.2$3.39$3.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.8$41.7$3.08$2.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.9$38.8$3.12$2.67
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)14 • $25M-$50M nonprofits