Civic Intelligence

Teachers Credit Union

990 • Fiscal year 2020 • EIN 39-0736227

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 17, 2021

Organization ProfileWWW.TCUBELOIT.ORG

View Organization Page

2315 Prairie AvenueBeloit, WI 53511

(608) 362-8983

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.88x

Higher debt load relative to assets than 52% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

30.32x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$88,262

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-4.3%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$29,004,796

Up $4,487,276 (+18%) from 2019

Net Assets

Up

$3,442,674

Up $101,888 (+3.0%) from 2019

Liabilities

Up

$25,562,122

Up $4,385,388 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin64th percentile

Revenue

Down

$843,032

Down $37,617 (-4.3%) from 2019

Expenses

Down

$741,144

Down $58,637 (-7.3%) from 2019

Net Income

Up

$101,888

Up $21,020 (+26%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$40M$30M$20M$10M$0Assets 2010: $16,585,373Liabilities 2010: $13,455,229Net Assets 2010: $3,130,1442010Assets 2011: $17,550,873Liabilities 2011: $14,415,395Net Assets 2011: $3,135,4782011Assets 2012: $17,687,957Liabilities 2012: $14,545,338Net Assets 2012: $3,142,6192012Assets 2013: $20,630,182Liabilities 2013: $17,478,529Net Assets 2013: $3,151,6532013Assets 2014: $20,048,682Liabilities 2014: $16,892,796Net Assets 2014: $3,155,8862014Assets 2015: $21,486,836Liabilities 2015: $18,320,531Net Assets 2015: $3,166,3052015Assets 2016: $21,478,654Liabilities 2016: $18,299,775Net Assets 2016: $3,178,8792016Assets 2017: $22,748,597Liabilities 2017: $19,535,501Net Assets 2017: $3,213,0962017Assets 2018: $23,927,644Liabilities 2018: $20,667,726Net Assets 2018: $3,259,9182018Assets 2019: $24,517,520Liabilities 2019: $21,176,734Net Assets 2019: $3,340,7862019Assets 2020: $29,004,796Liabilities 2020: $25,562,122Net Assets 2020: $3,442,6742020Assets 2021: $30,711,372Liabilities 2021: $27,218,268Net Assets 2021: $3,493,1042021Assets 2022: $32,637,898Liabilities 2022: $29,054,994Net Assets 2022: $3,582,9042022Assets 2023: $33,299,318Liabilities 2023: $29,384,921Net Assets 2023: $3,914,3972023Assets 2024: $37,764,079Liabilities 2024: $33,573,110Net Assets 2024: $4,190,9692024Assets 2025: $37,177,087Liabilities 2025: $32,733,630Net Assets 2025: $4,443,4572025

Highlighted filing

2020

Assets$29,004,796
Liabilities$25,562,122
Net Assets$3,442,674
Open 2020 Filing

Operations Trend

Revenue Growth58th percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $655,6352010Expenses 2011: $586,3912011Revenue 2012: $592,570Expenses 2012: $585,429Net Income 2012: $7,1412012Revenue 2013: $585,454Expenses 2013: $576,420Net Income 2013: $9,0342013Revenue 2014: $603,614Expenses 2014: $599,381Net Income 2014: $4,2332014Revenue 2015: $624,947Expenses 2015: $614,528Net Income 2015: $10,4192015Revenue 2016: $639,992Expenses 2016: $627,418Net Income 2016: $12,5742016Revenue 2017: $676,732Expenses 2017: $642,515Net Income 2017: $34,2172017Revenue 2018: $798,528Expenses 2018: $751,706Net Income 2018: $46,8222018Revenue 2019: $880,649Expenses 2019: $799,781Net Income 2019: $80,8682019Revenue 2020: $843,032Expenses 2020: $741,144Net Income 2020: $101,8882020Revenue 2021: $842,368Expenses 2021: $791,938Net Income 2021: $50,4302021Revenue 2022: $910,623Expenses 2022: $820,823Net Income 2022: $89,8002022Revenue 2023: $1,349,459Expenses 2023: $1,017,966Net Income 2023: $331,4932023Revenue 2024: $1,710,868Expenses 2024: $1,434,296Net Income 2024: $276,5722024Revenue 2025: $1,908,193Expenses 2025: $1,655,705Net Income 2025: $252,4882025

Highlighted filing

2020

Revenue$843,032
Expenses$741,144
Net Income$101,888
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 17, 2021
Return Version
2020v4.0
Gross Receipts
$843,032
Mission and Program Overview

Mission

Teachers credit union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union's long-term financial stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,734,983$11,318,222▲ $1,583,239
Savings and Temporary Cash Investments$5,779,541$8,810,385▲ $3,030,844
Investments Program Related$8,336,609$8,038,609▼ $298,000
Rtn Earn Endowment Incm Other Fnds$3,340,786$3,442,674▲ $101,888
Cash and Non-Interest-Bearing Accounts$249,451$359,733▲ $110,282
Land, Buildings, and Equipment, Net$144,670$181,442▲ $36,772
Prepaid Expenses and Deferred Charges$22,130$43,511▲ $21,381
Total Assets$24,517,520$29,004,796▲ $4,487,276
Other Assets Total$250,136$252,894▲ $2,758
Liabilities
Other Liabilities$21,092,099$25,521,096▲ $4,428,997
Accounts Payable and Accrued Expenses$82,725$33,741▼ $48,984
Escrow Account Liability$1,910$7,285▲ $5,375
Total Liabilities$21,176,734$25,562,122▲ $4,385,388
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,340,786$3,442,674▲ $101,888
Total Liabilities and Net Assets / Fund Balance$24,517,520$29,004,796▲ $4,487,276

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,261$532,849$574,110
Buildings$97,181$276,052$373,233
Land$43,000-$43,000
Investment Program Related Org$500--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy JacobsonPresidentFT$83,332$4,930$88,262
Lisa WertzVice PresideFT$63,995$3,773$67,768
Terrance MccannChair-$588-$588
Robert LlorcaSecretary-$400-$400
Henry ClementDirector-$80-$80

Board Members and Trustees

NameTitle
Thomas MichelsVice Chair
Bobby BeamonDirector
Evlynne OwensDirector
Karen KerrDirector
Schatze FunkDirector
Arthur GurholtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$566,183
Investment Income
$267,583
Other Revenue
$9,266
Change in Net Assets
$101,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$450,812
Salaries, Compensation, and Employee Benefits$290,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$167,296
Current Officers, Directors, Trustees, and Key Employees---$148,395
Information Technology---$142,976
Other Salaries and Wages---$103,936
Advertising---$45,271
Occupancy---$33,579
Depreciation Depletion---$29,958
Payroll Taxes---$19,986
Insurance---$19,857
Fees for Services Other---$15,059
Pension Plan Contributions---$13,269
Conferences and Meetings---$6,978
Fees for Services Accounting---$6,000
Other Employee Benefits---$4,746
Other Expenses---$-43,619
Total Functional Expenses$0$0$0$741,144
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 & Deposits$25,528,381
Escrow Accts to Bal Sheet Line 21$-7,285
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 6

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the credit union members. Each member has one vote.”

Form 990, Page 6, Part VI, Line 7B

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

Form 990, Page 6, Part VI, Line 11B

“Management provides the data to independent cpa who completes the return. Management and board of directors review the return for accuracy, and then authorizes cpa to e-file the approved return.”

Form 990, Page 6, Part VI, Line 12C

“Annually ceo reviews employees, board of directors and family member accounts for conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“The wi league compensation survey is reviewed for comparision and recommendation purposes with the board of directors. The board formally approves the compensation for the president and the approval is noted in the board minutes.”

Form 990, Page 6, Part VI, Line 15B

“The wi league compensation survey is reviewed for comparision and recommendation purposes with the board of directors. The board formally approves the compensation for the employees and the approval is noted in the board minutes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and conflict on interest policy are available upon request. Financial statements are posted in the credit union lobby.”

Filing and Contact Details

Filer

Filer Name
Teachers Credit Union
EIN
39-0736227
Phone
6083628983
Address
2315 PRAIRIE AVENUE, BELOIT, WI 53511

Signing Officer

Name
Amy Jacobson
Title
President
Phone
6083628983
Signed
2021-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Jacobson
Formed
1934
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
9

Preparer

Firm
Brent Wookey CPA
Address
PO BOX 1512, LA CROSSE, WI 54602-1512
Preparer
Brent Wookey CPA
Phone
6087920843
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Teachers credit union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union's long-term financial stability.”

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The credit union holds funds in escrow accounts for property taxes and homeowners insurance related to mortgage loans.”

Raw XML Appendix390 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt082725
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033741
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TEACHERS CREDIT UNION IS A NOT-FOR-PROFIT MEMBER OWNED ORGANIZATION. OUR GOAL IS TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES AND TO MAINTAIN THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990/AdvertisingGrp/TotalAmt045271
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0AMY JACOBSON
IRS990/BooksInCareOfDetail/PhoneNum06083628983
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02315 PRAIRIE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELOIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053511
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0249451
IRS990/CashNonInterestBearingGrp/EOYAmt0359733
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0148395
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt06978
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0267583
IRS990/CYOtherExpensesAmt0450812
IRS990/CYOtherRevenueAmt09266
IRS990/CYProgramServiceRevenueAmt0566183
IRS990/CYRevenuesLessExpensesAmt0101888
IRS990/CYSalariesCompEmpBnftPaidAmt0290332
IRS990/CYTotalExpensesAmt0741144
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0843032
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt029958
IRS990/Desc0THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 186 NEW DEPOSIT ACCOUNTS IN 2020. AS OF 12/31/20 WE HAD 2,124 MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt01910
IRS990/EscrowAccountLiabilityGrp/EOYAmt07285
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt06000
IRS990/FeesForServicesOtherGrp/TotalAmt015059
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt04930
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0AMY JACOBSON
IRS990/Form990PartVIISectionAGrp/PersonNm1LISA WERTZ
IRS990/Form990PartVIISectionAGrp/PersonNm2TERRANCE MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT LLORCA
IRS990/Form990PartVIISectionAGrp/PersonNm4HENRY CLEMENT
IRS990/Form990PartVIISectionAGrp/PersonNm5BOBBY BEAMON
IRS990/Form990PartVIISectionAGrp/PersonNm6SCHATZE FUNK
IRS990/Form990PartVIISectionAGrp/PersonNm7ARTHUR GURHOLT
IRS990/Form990PartVIISectionAGrp/PersonNm8KAREN KERR
IRS990/Form990PartVIISectionAGrp/PersonNm9THOMAS MICHELS
IRS990/Form990PartVIISectionAGrp/PersonNm10EVLYNNE OWENS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt083332
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt163995
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2588
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0843032
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0142976
IRS990/InsuranceGrp/TotalAmt019857
IRS990/InvestmentIncomeGrp/ExclusionAmt0267583
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0267583
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08336609
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08038609
IRS990/IRPDocumentCnt0333
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0808901
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0144670
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0181442
IRS990/LandBldgEquipCostOrOtherBssAmt0990343
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TEACHERS CREDIT UNION IS A NOT-FOR-PROFIT MEMBER OWNED ORGANIZATION. OUR GOAL IS TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES AND TO MAINTAIN THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03340786
IRS990/NetAssetsOrFundBalancesEOYAmt03442674
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt033579
IRS990/OfficeExpensesGrp/TotalAmt0167296
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0250136
IRS990/OtherAssetsTotalGrp/EOYAmt0252894
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04746
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1DIVIDENDS EXPENSE
IRS990/OtherExpensesGrp/Desc2EXAMINER ADJUSTMENT
IRS990/OtherExpensesGrp/TotalAmt014033
IRS990/OtherExpensesGrp/TotalAmt113424
IRS990/OtherExpensesGrp/TotalAmt2-43619
IRS990/OtherLiabilitiesGrp/BOYAmt021092099
IRS990/OtherLiabilitiesGrp/EOYAmt025521096
IRS990/OtherSalariesAndWagesGrp/TotalAmt0103936
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09734983
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt011318222
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt019986
IRS990/PensionPlanContributionsGrp/TotalAmt013269
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022130
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043511
IRS990/PrincipalOfficerNm0AMY JACOBSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MEMBER RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3NON-MEMBER CHECK CASH FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0442960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt188855
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt233928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0442960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt188855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3440
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0440
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 222 NEW LOANS TO OUR MEMBERS DURING 2020. AS OF 12/31/20 WE HAD 859 LOANS TO OUR MEMBERS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0299351
IRS990/PYOtherExpensesAmt0511051
IRS990/PYOtherRevenueAmt011346
IRS990/PYProgramServiceRevenueAmt0569952
IRS990/PYRevenuesLessExpensesAmt080868
IRS990/PYSalariesCompEmpBnftPaidAmt0288730
IRS990/PYTotalExpensesAmt0799781
IRS990/PYTotalRevenueAmt0880649
IRS990/ReconcilationRevenueExpnssAmt0101888
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesRevenueGrp/ExclusionAmt09266
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt09266
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03340786
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03442674
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05779541
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08810385
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097181
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0276052
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0373233
IRS990ScheduleD/EquipmentGrp/BookValueAmt041261
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0532849
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0574110
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07937000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21109
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS WITH MATURITY > 1 YEAR
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CORPORATE CREDIT UNION CAPITAL ACCTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CSCU/TRELLANCE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3WISCUB STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt043000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025528381
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-7285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES & DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROW ACCTS TO BAL SHEET LINE 21
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0181442
IRS990ScheduleD/TotalBookValueProgramRltdAmt08038609
IRS990ScheduleD/TotalLiabilityAmt025521096
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TEACHERS CREDIT UNION IS A NOT-FOR-PROFIT MEMBER OWNED ORGANIZATION. OUR GOAL IS TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES TO OUR MEMBERS AT COMPETITIVE RATES AND TO MAINTAIN THE CREDIT UNION'S LONG-TERM FINANCIAL STABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT PROVIDES THE DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT AND BOARD OF DIRECTORS REVIEW THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY CEO REVIEWS EMPLOYEES, BOARD OF DIRECTORS AND FAMILY MEMBER ACCOUNTS FOR CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE WI LEAGUE COMPENSATION SURVEY IS REVIEWED FOR COMPARISION AND RECOMMENDATION PURPOSES WITH THE BOARD OF DIRECTORS. THE BOARD FORMALLY APPROVES THE COMPENSATION FOR THE PRESIDENT AND THE APPROVAL IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE WI LEAGUE COMPENSATION SURVEY IS REVIEWED FOR COMPARISION AND RECOMMENDATION PURPOSES WITH THE BOARD OF DIRECTORS. THE BOARD FORMALLY APPROVES THE COMPENSATION FOR THE EMPLOYEES AND THE APPROVAL IS NOTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS AND CONFLICT ON INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024517520
IRS990/TotalAssetsEOYAmt029004796
IRS990/TotalAssetsGrp/BOYAmt024517520
IRS990/TotalAssetsGrp/EOYAmt029004796
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0741144
IRS990/TotalGrossUBIAmt0440
IRS990/TotalLiabilitiesBOYAmt021176734
IRS990/TotalLiabilitiesEOYAmt025562122
IRS990/TotalLiabilitiesGrp/BOYAmt021176734
IRS990/TotalLiabilitiesGrp/EOYAmt025562122
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03340786
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03442674
IRS990/TotalOtherCompensationAmt08703
IRS990/TotalProgramServiceRevenueAmt0566183
IRS990/TotalReportableCompFromOrgAmt0148395
IRS990/TotalRevenueGrp/ExclusionAmt0276849
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0565743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0843032
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0440
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024517520
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029004796
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02315 PRAIRIE AVENUE
IRS990/USAddress/CityNm0BELOIT
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053511
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.TCUBELOIT.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY JACOBSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06083628983
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEACHERS CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0TEAC
ReturnHeader/Filer/EIN0390736227
ReturnHeader/Filer/PhoneNum06083628983
ReturnHeader/Filer/USAddress/AddressLine1Txt02315 PRAIRIE AVENUE
ReturnHeader/Filer/USAddress/CityNm0BELOIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461605712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRENT WOOKEY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1512
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0546021512
ReturnHeader/PreparerPersonGrp/PhoneNum06087920843
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT WOOKEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-03-25T13:08:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0AMY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACOBSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,004,796
Liabilities
$25,562,122
Net assets
$3,442,674
Revenue
$843,032
Expenses
$741,144
Net income
$101,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$37.2$32.7$4.44$1.91$1.66$0.25
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.8$33.6$4.19$1.71$1.43$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.3$29.4$3.91$1.35$1.02$0.33
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$32.6$29.1$3.58$0.91$0.82$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$27.2$3.49$0.84$0.79$0.05
2020Detailed filing. Detailed filing data is available for this year.$29.0$25.6$3.44$0.84$0.74$0.10
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$24.5$21.2$3.34$0.88$0.80$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.9$20.7$3.26$0.80$0.75$0.05
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$22.7$19.5$3.21$0.68$0.64$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$18.3$3.18$0.64$0.63$0.01
2015Detailed filing. Detailed filing data is available for this year.$21.5$18.3$3.17$0.62$0.61$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.0$16.9$3.16$0.60$0.60$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$20.6$17.5$3.15$0.59$0.58$0.01
2012Summary only. Only limited summary data is available for this year.$17.7$14.5$3.14$0.59$0.59$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$14.4$3.14$0.59
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.6$13.5$3.13$0.66