Civic Intelligence

Route 1 Credit Union

990 • Fiscal year 2016 • EIN 37-6032928

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

Organization Profilewww.rt1cu.org
428 W JasperParis, IL 61944

(217) 463-1664

Siviq Scores

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

Liabilities / Assets

84th percentile

0.89x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

13.45x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Net Margin

9th percentile

-43%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

4.2%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)14 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$4,128,552

Down $652,269 (-14%) from 2015

Net Assets

Down

$434,088

Down $110,352 (-20%) from 2015

Liabilities

Down

$3,694,464

Down $541,917 (-13%) from 2015

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin9th percentile

Revenue

Up

$274,582

Up $10,960 (+4.2%) from 2015

Expenses

Up

$393,375

Up $140,977 (+56%) from 2015

Net Income

Down

-$118,793

Down $130,017 (-1158%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$6.0M$4.0M$2.0M$0Assets 2008: $3,221,082Liabilities 2008: $2,919,082Net Assets 2008: $302,0002008Assets 2009: $3,700,189Liabilities 2009: $3,428,189Net Assets 2009: $272,0002009Assets 2011: $4,578,303Liabilities 2011: $4,231,082Net Assets 2011: $347,2212011Assets 2012: $4,840,738Liabilities 2012: $4,429,241Net Assets 2012: $411,4972012Assets 2013: $4,954,361Liabilities 2013: $4,471,145Net Assets 2013: $483,2162013Assets 2014: $4,826,068Liabilities 2014: $4,292,852Net Assets 2014: $533,2162014Assets 2015: $4,780,821Liabilities 2015: $4,236,381Net Assets 2015: $544,4402015Assets 2016: $4,128,552Liabilities 2016: $3,694,464Net Assets 2016: $434,0882016

Highlighted filing

2016

Assets$4,128,552
Liabilities$3,694,464
Net Assets$434,088
Open 2016 Filing

Operations Trend

Revenue Growth78th percentile

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

$400K$200K$0-$200KRevenue 2008: $280,665Expenses 2008: $267,665Net Income 2008: $13,0002008Revenue 2009: $247,455Expenses 2009: $300,803Net Income 2009: -$53,3482009Revenue 2011: $271,176Expenses 2011: $229,955Net Income 2011: $41,2212011Revenue 2012: $283,811Expenses 2012: $212,067Net Income 2012: $71,7442012Revenue 2013: $297,421Expenses 2013: $225,703Net Income 2013: $71,7182013Revenue 2014: $277,581Expenses 2014: $227,581Net Income 2014: $50,0002014Revenue 2015: $263,622Expenses 2015: $252,398Net Income 2015: $11,2242015Revenue 2016: $274,582Expenses 2016: $393,375Net Income 2016: -$118,7932016

Highlighted filing

2016

Revenue$274,582
Expenses$393,375
Net Income-$118,793
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$274,582
Mission and Program Overview

Mission

Credit union operated for multiple purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,360,582$2,500,498▲ $139,916
Investments Other Securities$1,427,279$0▼ $1,427,279
Savings and Temporary Cash Investments$522,580$1,199,448▲ $676,868
Rtn Earn Endowment Incm Other Fnds$544,440$434,088▼ $110,352
Land, Buildings, and Equipment, Net$153,297$169,509▲ $16,212
Investments in Publicly Traded Securities$105,564$103,439▼ $2,125
Cash and Non-Interest-Bearing Accounts$145,030$94,083▼ $50,947
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,780,821$4,128,552▼ $652,269
Other Assets Total$66,489$61,575▼ $4,914
Liabilities
Other Liabilities$4,181,073$3,641,440▼ $539,633
Accounts Payable and Accrued Expenses$55,308$53,024▼ $2,284
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,236,381$3,694,464▼ $541,917
Net Assets / Fund Balance
Total Net Assets Fund Balance$544,440$434,088▼ $110,352
Total Liabilities and Net Assets / Fund Balance$4,780,821$4,128,552▼ $652,269

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$153,885$26,486$180,371
Land$12,954-$12,954
Equipment$2,670$4,708$7,378
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Richard McDadeChairman
Gerald MeeksSupervisory Comm Chair
Linda HalloranDirector
Phil JohnsonDirector
Bonnie MarrsSecretary
Sid Justice JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,500
Investment Income
$17,299
Other Revenue
$783
All Other Contributions
$0
Change in Net Assets
$-118,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,545
Salaries, Compensation, and Employee Benefits$93,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$81,222
Office Expenses---$78,755
Other Salaries and Wages---$70,571
Payroll Taxes---$23,259
Fees for Services Accounting---$19,925
Occupancy---$14,867
Information Technology---$10,458
Payments to Affiliates---$7,277
Depreciation Depletion---$5,656
Advertising---$3,393
Conferences and Meetings---$2,601
Other Expenses---$602
Fees for Services Legal---$433
All Other Expenses---$416
Interest---$5
Total Functional Expenses$0$0$0$393,375
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$1,902,881
Share Certificates$1,417,991
Share Draft$320,568
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The Share Insurance Fund appointed management duties to an independent consultant to try to keep the credit union open while looking for another credit union to merge into.”

Form 990, Part VI, Section A, Line 6

“We have members.”

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

“The members of the credit union are given the authority to elect members of the board of directors. This function is performed at the annual meeting.”

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

“The form 990 is provided to the board of directors for review. It is available to all members upon request.”

Form 990, Part VI, Section B, Line 15

“The compensation of other credit unions of similar size and asset base in Illinois are researched and compared using a survey compiled by the industry. With that information, the CEO's compensation is established by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The governing documents of the credit union are made available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Route 1 Credit Union
EIN
37-6032928
Phone
2174631664
Address
428 W Jasper, Paris, IL 61944

Signing Officer

Name
Barry Schmidt
Title
CEO
Phone
2178724160
Signed
2017-11-09

Organization Details

Principal Officer
Barry Schmidt
Formed
1957
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
0
Employees
9
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“An independent consultant was appointed by NCUA to oversee the credit union. His fees totaled $80,433.33.”

Raw XML AppendixShowing 400 of 476 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/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0733
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0733
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0783
IRS990/OtherSalariesAndWagesGrp/TotalAmt070571
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02360582
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02500498
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt07277
IRS990/PayrollTaxesGrp/TotalAmt023259
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Barry Schmidt
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0197848
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143460
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0197848
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt143460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215192
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0receives deposits from members.
IRS990/ProgSrvcAccomActy3Grp/Desc0Granted consumer loans to members.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0131
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019573
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0181390
IRS990/PYOtherRevenueAmt0534
IRS990/PYProgramServiceRevenueAmt0243515
IRS990/PYRevenuesLessExpensesAmt011224
IRS990/PYSalariesCompEmpBnftPaidAmt070877
IRS990/PYTotalExpensesAmt0252398
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0263622
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-118793
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0544440
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0434088
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0522580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01199448
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0153885
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026486
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0180371
IRS990ScheduleD/EquipmentGrp/BookValueAmt02670
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04708
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07378
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt012954
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012954
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01902881
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1320568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21417991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Share Draft
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Share Certificates
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0169509
IRS990ScheduleD/TotalLiabilityAmt03641440
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Share Insurance Fund appointed management duties to an independent consultant to try to keep the credit union open while looking for another credit union to merge into.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We have members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members of the credit union are given the authority to elect members of the board of directors. This function is performed at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The form 990 is provided to the board of directors for review. It is available to all members upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The compensation of other credit unions of similar size and asset base in Illinois are researched and compared using a survey compiled by the industry. With that information, the CEO's compensation is established by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents of the credit union are made available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6An independent consultant was appointed by NCUA to oversee the credit union. His fees totaled $80,433.33.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,128,552
Liabilities
$3,694,464
Net assets
$434,088
Revenue
$274,582
Expenses
$393,375
Net income
-$118,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$4.13$3.69$0.43$0.27$0.39$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.78$4.24$0.54$0.26$0.25$0.01
2014Detailed filing. Detailed filing data is available for this year.$4.83$4.29$0.53$0.28$0.23$0.05
2013Detailed filing. Detailed filing data is available for this year.$4.95$4.47$0.48$0.30$0.23$0.07
2012Summary only. Only limited summary data is available for this year.$4.84$4.43$0.41$0.28$0.21$0.07
2011Summary only. Only limited summary data is available for this year.$4.58$4.23$0.35$0.27$0.23$0.04
2009Summary only. Only limited summary data is available for this year.$3.70$3.43$0.27$0.25$0.30$0.05
2008Summary only. Only limited summary data is available for this year.$3.22$2.92$0.30$0.28$0.27$0.01
Peer Organizations

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