Civic Intelligence

Bloomington Municipal Credit Union

EIN 37-6040165 • 501(c)14 • Bloomington, IL

Profile

Bloomington Municipal Credit Union promotes thrift, economical services and friendly, courteous service. It strives to provide low interest loans and return all possible profits to members in the form of dividends. This credit union exists solely to serve its members.

602 South GridleyBloomington, IL 61701

www.bmcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.86x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

17.60x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Net Margin

92nd percentile

31%

Higher net margin than 92% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$109,342

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)14 • $25M-$50M nonprofits • Source year 2024

Asset Growth

72nd percentile

3.9%

Faster asset growth than 72% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

12%

Faster revenue growth than 62% of similar nonprofits.

501(c)14 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

$39,071,169

No earlier filing loaded for comparison.

Liabilities

$33,690,637

No earlier filing loaded for comparison.

Net Assets

$5,380,532

No earlier filing loaded for comparison.

Revenue

$1,914,309

No earlier filing loaded for comparison.

Expenses

$1,325,801

No earlier filing loaded for comparison.

Net Income

$588,508

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $19,216,980Liabilities 2010: $17,064,470Net Assets 2010: $2,152,5102010Assets 2011: $20,033,932Liabilities 2011: $17,815,107Net Assets 2011: $2,218,8252011Assets 2012: $22,626,662Liabilities 2012: $20,258,640Net Assets 2012: $2,368,0222012Assets 2013: $22,484,650Liabilities 2013: $19,994,409Net Assets 2013: $2,490,2412013Assets 2014: $23,931,675Liabilities 2014: $21,281,225Net Assets 2014: $2,650,4502014Assets 2015: $24,836,042Liabilities 2015: $22,002,436Net Assets 2015: $2,833,6062015Assets 2016: $24,626,358Liabilities 2016: $21,607,845Net Assets 2016: $3,018,5132016Assets 2017: $26,039,947Liabilities 2017: $22,807,599Net Assets 2017: $3,232,3482017Assets 2018: $25,722,065Liabilities 2018: $22,166,370Net Assets 2018: $3,555,6952018Assets 2019: $27,135,893Liabilities 2019: $23,277,664Net Assets 2019: $3,858,2292019Assets 2020: $31,810,936Liabilities 2020: $27,844,161Net Assets 2020: $3,966,7752020Assets 2021: $36,640,860Liabilities 2021: $32,617,060Net Assets 2021: $4,023,8002021Assets 2022: $36,866,719Liabilities 2022: $32,618,921Net Assets 2022: $4,247,7982022Assets 2024: $39,071,169Liabilities 2024: $33,690,637Net Assets 2024: $5,380,5322024

Highlighted filing

2024

Assets$39,071,169
Liabilities$33,690,637
Net Assets$5,380,532

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $713,1812010Expenses 2011: $698,7372011Expenses 2012: $596,9022012Revenue 2013: $726,310Expenses 2013: $604,091Net Income 2013: $122,2192013Revenue 2014: $747,965Expenses 2014: $587,756Net Income 2014: $160,2092014Revenue 2015: $807,433Expenses 2015: $624,277Net Income 2015: $183,1562015Revenue 2016: $895,578Expenses 2016: $710,671Net Income 2016: $184,9072016Revenue 2017: $925,035Expenses 2017: $711,200Net Income 2017: $213,8352017Revenue 2018: $1,072,184Expenses 2018: $748,837Net Income 2018: $323,3472018Revenue 2019: $1,106,383Expenses 2019: $803,849Net Income 2019: $302,5342019Revenue 2020: $1,029,271Expenses 2020: $920,725Net Income 2020: $108,5462020Revenue 2021: $847,377Expenses 2021: $790,352Net Income 2021: $57,0252021Revenue 2022: $978,056Expenses 2022: $754,058Net Income 2022: $223,9982022Revenue 2024: $1,914,309Expenses 2024: $1,325,801Net Income 2024: $588,5082024

Highlighted filing

2024

Revenue$1,914,309
Expenses$1,325,801
Net Income$588,508

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.1$33.7$5.38$1.91$1.33$0.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.9$32.6$4.25$0.98$0.75$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.6$32.6$4.02$0.85$0.79$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.8$27.8$3.97$1.03$0.92$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$23.3$3.86$1.11$0.80$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$22.2$3.56$1.07$0.75$0.32
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$26.0$22.8$3.23$0.93$0.71$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.6$21.6$3.02$0.90$0.71$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$22.0$2.83$0.81$0.62$0.18
2014Detailed filing. Detailed filing data is available for this year.$23.9$21.3$2.65$0.75$0.59$0.16
2013Detailed filing. Detailed filing data is available for this year.$22.5$20.0$2.49$0.73$0.60$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$20.3$2.37$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$17.8$2.22$0.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$17.1$2.15$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$1,914,309
Mission and Program Overview

Mission

Bloomington Municipal Credit Union promotes thrift, economical services and friendly, courteous service. It strives to provide low interest loans and return all possible profits to members in the form of dividends. This credit union exists solely to serve its members.

It strives to provide low interest loans and return all possible profits to members in the form of dividends. This credit union exists soley to serve its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,152,000$14,137,000▲ $1,985,000
Other Notes and Loans Receivable, Net$11,534,622$11,202,452▼ $332,170
Savings and Temporary Cash Investments$11,344,608$8,831,871▼ $2,512,737
Rtn Earn Endowment Incm Other Fnds$4,792,024$5,380,532▲ $588,508
Land, Buildings, and Equipment, Net$1,600,801$2,981,573▲ $1,380,772
Cash and Non-Interest-Bearing Accounts$502,914$1,426,541▲ $923,627
Prepaid Expenses and Deferred Charges$24,829$41,209▲ $16,380
Total Assets$37,592,050$39,071,169▲ $1,479,119
Other Assets Total$432,276$450,523▲ $18,247
Liabilities
Other Liabilities$32,738,436$33,602,682▲ $864,246
Accounts Payable and Accrued Expenses$61,590$87,955▲ $26,365
Total Liabilities$32,800,026$33,690,637▲ $890,611
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,792,024$5,380,532▲ $588,508
Total Liabilities and Net Assets / Fund Balance$37,592,050$39,071,169▲ $1,479,119

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,521,688$338,491$2,860,179
Equipment$148,265$268,890$417,155
Land$311,620-$311,620
Other Land Buildings$0$22,340$22,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd KeilCEOFT$104,792$4,550$109,342

Board Members and Trustees

NameTitle
Brent WickChairperson
Russell WallerVice Chair
Brian MohrDirector
Chad WamsleyDirector
David CalhoonDirector
Debra SchullerDirector
Earlene NelsonDirector
Jeremy MeintsDirector
Rebecca McneilDirector
Scott SproulsDirector
Anne DickersonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$892,488
Investment Income
$1,021,821
Other Revenue
$0
Change in Net Assets
$588,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,914,309
Total Revenue per Audited Statements
$1,914,309
Total Revenue per Form 990
$1,914,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$959,839
Salaries, Compensation, and Employee Benefits$365,962
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$0$0$429,218
Office Expenses$0$0$0$324,105
Other Salaries and Wages$0$0$0$209,249
Current Officers, Directors, Trustees, and Key Employees$0$0$0$109,342
Depreciation Depletion$0$0$0$39,365
Fees for Services Management$0$0$0$37,200
Occupancy$0$0$0$31,900
Payroll Taxes$0$0$0$24,940
Other Employee Benefits$0$0$0$20,521
Conferences and Meetings$0$0$0$5,865
Pension Plan Contributions$0$0$0$1,910
Travel$0$0$0$1,576
All Other Expenses$0$0$0$1,342
Total Functional Expenses$0$0$0$1,325,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,801
Total Expenses per Audited Statements$1,325,801
Total Expenses per Form 990$1,325,801
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 Shares$33,602,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Filer Name
Bloomington Municipal Credit Union
EIN
37-6040165
Phone
3098277266
Address
602 SOUTH GRIDLEY, BLOOMINGTON, IL 61701

Signing Officer

Name
Todd Keil
Title
President
Phone
3098277266
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Keil
Formed
1953
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
10
Volunteers
11

Preparer

Firm
Lmhn Ltd
Address
900 N Webster St PO Box 87, Taylorville, IL 62568
Preparer
Richard K Hooper CPA
Phone
2178249661
Supplemental Narrative

Additional Explanations

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 for a vote, which are then determined on a case by case basis.

Pt VI, Line 11B

Copies of the final form 990 and schedules were supplied to each board member prior to being filed with the irs. Board members were asked to review the return individually and to contact the return preparer, other board members, or executive officers with any questions or concerns.

Pt VI, Line 19

The credit union provides such documents upon request.

Raw XML AppendixShowing 400 of 414 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/MissionDesc0IT STRIVES TO PROVIDE LOW INTEREST LOANS AND RETURN ALL POSSIBLE PROFITS TO MEMBERS IN THE FORM OF DIVIDENDS. THIS CREDIT UNION EXISTS SOLEY TO SERVE ITS MEMBERS.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OtherAssetsTotalGrp/EOYAmt0450523
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
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IRS990/OtherExpensesGrp/Desc0LOAN SERVICING
IRS990/OtherExpensesGrp/Desc1ASSOCIATION DUES
IRS990/OtherExpensesGrp/Desc2PROVISION EXPENSE
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041209
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IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022340
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02981573
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS ELECTED FROM AND BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FROM TIME TO TIME, CERTAIN DECISIONS WILL BE PRESENTED TO THE MEMBERSHIP FOR A VOTE, WHICH ARE THEN DETERMINED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE FINAL FORM 990 AND SCHEDULES WERE SUPPLIED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. BOARD MEMBERS WERE ASKED TO REVIEW THE RETURN INDIVIDUALLY AND TO CONTACT THE RETURN PREPARER, OTHER BOARD MEMBERS, OR EXECUTIVE OFFICERS WITH ANY QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION PROVIDES SUCH DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceRevenueAmt0892488
IRS990/TotalReportableCompFromOrgAmt0104792
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01914309
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt01576
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0602 SOUTH GRIDLEY ST
IRS990/USAddress/CityNm0BLOOMINGTON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061701
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD KEIL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03098277266
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLOOMINGTON MUNICIPAL CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0376040165
ReturnHeader/Filer/PhoneNum03098277266
ReturnHeader/Filer/USAddress/AddressLine1Txt0602 SOUTH GRIDLEY
ReturnHeader/Filer/USAddress/CityNm0BLOOMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true

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