Civic Intelligence

MID-Illini Credit Union

990 • Fiscal year 2017 • EIN 37-0904387

Jan 01, 2017 to Dec 31, 2017 • Filed on May 30, 2018

Organization ProfileWWW.MIDILLINICU.COM

View Organization Page

PO Box 1266Bloomington, IL 61702

(309) 661-1166

Siviq Scores

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

Liabilities / Assets

95th percentile

0.92x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

12th percentile

12.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

25th percentile

3.9%

Higher net margin than 25% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$205,528

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

86th percentile

7.4%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

5.0%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$56,794,757

Up $3,928,246 (+7.4%) from 2016

Net Assets

Up

$4,307,158

Up $172,099 (+4.2%) from 2016

Liabilities

Up

$52,487,599

Up $3,756,147 (+7.7%) from 2016

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin25th percentile

Revenue

Up

$4,364,533

Up $209,796 (+5.0%) from 2016

Expenses

Up

$4,192,434

Up $308,393 (+7.9%) from 2016

Net Income

Down

$172,099

Down $98,597 (-36%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2017

Assets$56,794,757
Liabilities$52,487,599
Net Assets$4,307,158
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

2017

Revenue$4,364,533
Expenses$4,192,434
Net Income$172,099
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 30, 2018
Return Version
2017v2.2
Gross Receipts
$4,364,533
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$46,771,510$53,626,881▲ $6,855,371
Rtn Earn Endowment Incm Other Fnds$4,135,059$4,307,158▲ $172,099
Savings and Temporary Cash Investments$2,738,836$0▼ $2,738,836
Land, Buildings, and Equipment, Net$1,072,087$1,049,906▼ $22,181
Cash and Non-Interest-Bearing Accounts$1,136,441$932,356▼ $204,085
Prepaid Expenses and Deferred Charges$167,939$170,287▲ $2,348
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$52,866,511$56,794,757▲ $3,928,246
Other Assets Total$979,698$1,015,327▲ $35,629
Liabilities
Other Liabilities$48,510,340$52,301,464▲ $3,791,124
Accounts Payable and Accrued Expenses$221,112$186,135▼ $34,977
Total Liabilities$48,731,452$52,487,599▲ $3,756,147
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,135,059$4,307,158▲ $172,099
Total Liabilities and Net Assets / Fund Balance$52,866,511$56,794,757▲ $3,928,246

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$547,839$1,949,144$2,496,983
Buildings$264,302$255,637$519,939
Land$237,765-$237,765
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom StewartPresident/treasurerFT$183,652$21,876$205,528
Julie WorkmanVice President of MarketingFT$113,322$6,608$119,930

Board Members and Trustees

NameTitle
Jim IsomChairman
John WyssmanVice Chairman/secretary
Benjamin RyburnBoard Member
Carol BeardBoard Member
David WittBoard Member
Linda FosterBoard Member
Lue WaltersBoard Member
Tom BruckerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,364,533
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$172,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,610,039
Salaries, Compensation, and Employee Benefits$1,582,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,173,974
Office Expenses---$415,084
Advertising---$282,493
Other Expenses---$255,078
Depreciation Depletion---$221,922
Current Officers, Directors, Trustees, and Key Employees---$205,528
Payroll Taxes---$101,731
All Other Expenses---$89,519
Other Employee Benefits---$61,071
Occupancy---$40,360
Pension Plan Contributions---$40,091
Interest---$30,809
Fees for Services Accounting---$26,885
Fees for Services Legal---$17,844
Travel---$10,892
Total Functional Expenses$0$0$0$4,192,434
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$52,301,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

“Mid-illini has 8,224 members as of 12/31/17. 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 11B

“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

Filer Name
Mid-illini Credit Union
EIN
37-0904387
Phone
3096611166
Address
PO BOX 1266, BLOOMINGTON, IL 61702

Signing Officer

Name
Tom Stewart
Title
President
Phone
3096611166
Signed
2018-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Stewart
Formed
1940
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
32
Volunteers
8

Preparer

Firm
Selden Fox Ltd
Address
619 ENTERPRISE DRIVE, OAK BROOK, IL 60523-8835
Preparer
Paul J Rozek
Phone
6309541400
Raw XML Appendix376 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
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IRS990/ActivitiesConductedPrtshpInd00
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 12,302 SHARE ACCOUNTS TOTALING $52,314,183 IN TOTAL SHARES AS OF 12/31/17 GRANTED 1,807 LOANS TOTALING $43,415,318, TO OUR MEMBERS DURING 2017.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0547839
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01949144
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IRS990ScheduleD/LandGrp/BookValueAmt0237765
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IRS990ScheduleD/TotalLiabilityAmt052301464
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IRS990ScheduleJ/CompensationSurveyInd0X
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MID-ILLINI HAS 8,224 MEMBERS AS OF 12/31/17. 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/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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt032
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceExpensesAmt04192436
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04364533
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WebsiteAddressTxt0WWW.MIDILLINICU.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03096611166
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MID-ILLINI CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0MID-
ReturnHeader/Filer/EIN0370904387
ReturnHeader/Filer/PhoneNum03096611166
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ReturnHeader/FilingSecurityInformation/IPDt02018-05-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:06:44
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362985770
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SELDEN FOX LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0619 ENTERPRISE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAK BROOK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0605238835
ReturnHeader/PreparerPersonGrp/PhoneNum06309541400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL J ROZEK
ReturnHeader/ReturnTs02018-05-30T15:06:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,794,757
Liabilities
$52,487,599
Net assets
$4,307,158
Revenue
$4,364,533
Expenses
$4,192,434
Net income
$172,099
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
2017Detailed filing. Detailed filing data is available for this year.$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