Liabilities / Assets
19th percentile
Higher debt load relative to assets than 19% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.78x
Liabilities / Revenue
40th percentile
Higher debt load relative to revenue than 40% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
16th percentile
Higher top officer pay than 16% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
6th percentile
Faster asset growth than 6% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$6,532,766
Down $512,440 (-7.3%) from 2015
Net Assets
Up$1,434,807
Up $19,259 (+1.4%) from 2015
Liabilities
Down$5,097,959
Down $531,699 (-9.4%) from 2015
Revenue And Expenses
Revenue
Down$297,707
Down $60,478 (-17%) from 2015
Expenses
Down$278,448
Down $45,833 (-14%) from 2015
Net Income
Down$19,259
Down $14,645 (-43%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Sep 12, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $297,707
Mission and Program Overview
Mission
Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $4,033,238 | $3,422,462 | ▼ $610,776 |
| Other Notes and Loans Receivable, Net | $2,330,436 | $2,340,728 | ▲ $10,292 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $1,028,660 | $1,028,660 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $631,773 | $723,054 | ▲ $91,281 |
| Rtn Earn Endowment Incm Other Fnds | $386,888 | $406,147 | ▲ $19,259 |
| Land, Buildings, and Equipment, Net | $48,925 | $46,522 | ▼ $2,403 |
| Prepaid Expenses and Deferred Charges | $834 | - | - |
| Total Assets | $7,045,206 | $6,532,766 | ▼ $512,440 |
| Liabilities | |||
| Other Liabilities | $5,627,145 | $5,095,424 | ▼ $531,721 |
| Accounts Payable and Accrued Expenses | $2,513 | $2,535 | ▲ $22 |
| Total Liabilities | $5,629,658 | $5,097,959 | ▼ $531,699 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $1,415,548 | $1,434,807 | ▲ $19,259 |
| Total Liabilities and Net Assets / Fund Balance | $7,045,206 | $6,532,766 | ▼ $512,440 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $18,774 | $64,578 | $83,352 |
| Equipment | $7,497 | $75,159 | $82,656 |
| Land | $20,251 | - | $20,251 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| John Hildebrand | Audit Chairm |
| Morgan Kuper | Chairman |
| Dennis Deitz | President Au |
| Darrell Morrow | Vice Chairpe |
| Scott Abels | Audit Commit |
| Wayne Purk | Audit Commit |
| Ernie Cole | Committe CHA |
| Mahlon Smith | Credit Commi |
| Sue Albright | Treasurer Au |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $217,212
- Investment Income
- $51,736
- Other Revenue
- $28,759
- Change in Net Assets
- $19,259
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $159,531 |
| Other Expenses | $118,917 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $127,277 | - | - | $127,277 |
| Interest | $32,128 | - | - | $32,128 |
| Office Expenses | $28,963 | - | - | $28,963 |
| Fees for Services Accounting | $21,311 | - | - | $21,311 |
| Other Employee Benefits | $17,907 | - | - | $17,907 |
| Fees for Services Other | $13,875 | - | - | $13,875 |
| Occupancy | $13,607 | - | - | $13,607 |
| Payroll Taxes | $10,347 | - | - | $10,347 |
| Pension Plan Contributions | $4,000 | - | - | $4,000 |
| Other Expenses | $3,183 | - | - | $3,183 |
| Depreciation Depletion | $2,403 | - | - | $2,403 |
| Conferences and Meetings | $2,277 | - | - | $2,277 |
| Fees for Services Management | $727 | - | - | $727 |
| Advertising | $443 | - | - | $443 |
| Total Functional Expenses | $278,448 | $0 | $0 | $278,448 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Cd Balances | $2,823,700 |
| Share Draft Balances | $2,170,384 |
| Retirement Funds Payable | $93,604 |
| Other Accrued Expenses | $4,079 |
| Taxes Payable | $1,364 |
| Insurance Payable | $1,336 |
| Dividends Payable | $957 |
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 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
“Organized with members of stockholders”
Form 990, Page 6, Part VI, Line 7A
“At each annual meeting, members have one vote. At each annual meeting, one member shall be elected to fill each board of director position vacated by reason of an expiring term or other cause.”
Form 990, Page 6, Part VI, Line 7B
“The majority of members present at any meeting may vote to modify, amend or reverse any act of the board of directors or instruct the boaard to take action not inconsistent with the articles, bylaws, or the iowa code. In order to be binding upon the board of directors, any action requires an affirmative vote of a majority of eligible members.”
Form 990, Page 6, Part VI, Line 10B
“NO”
Form 990, Page 6, Part VI, Line 11B
“The form 990 is reviewed by board members following completion.”
Form 990, Page 6, Part VI, Line 12C
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Financial statements are also posted in the main office of the credit union.”
Form 990, Page 6, Part VI, Line 15A
“Board approves compensation”
Form 990, Page 6, Part VI, Line 15B
“Board approves compensation”
Form 990, Page 6, Part VI, Line 19
“At the board meeting following the completed return date.”
Filing and Contact Details
Filer
- Filer Name
- Chicago Central Commerce
- EIN
- 42-0326940
- Address
- 1005 E 4TH ST, WATERLOO, IA 50703-3932
Signing Officer
- Name
- Marilyn K Hileman
- Title
- Manager/CEO
- Signed
- 2017-09-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Marilyn K Hileman
- Formed
- 1934
- Legal Domicile
- Ia
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 8
Preparer
- Firm
- Cory Warmuth CPA Pc
- Address
- 1315 KNOLL AVENUE, WATERLOO, IA 50701
- Preparer
- Cory Warmuth CPA
- Phone
- 3192346559
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.”
Form 990, Page 2, Part III, Line 4D
“Credit unions create a source of credit at a fair and reasonable rate of interest, encourage habits of thrift among their members, and provide an opportunity for their members to use and control their own money on a democratic basis in order to improve their economic and social condition.”
Raw XML Appendix363 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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 2513 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2535 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 443 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 443 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CHICAGO CENTRAL & COMMERCE |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt | 0 | CREDIT UNION |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3192320808 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1005 E 4TH ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WATERLOO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 50703 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 631773 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 723054 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 2277 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2277 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 51736 |
| IRS990/CYOtherExpensesAmt | 0 | 118917 |
| IRS990/CYOtherRevenueAmt | 0 | 28759 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 217212 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 19259 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 159531 |
| IRS990/CYTotalExpensesAmt | 0 | 278448 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 297707 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 2403 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2403 |
| IRS990/Desc | 0 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 8 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 21311 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 21311 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 727 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 727 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 13875 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 13875 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DENNIS DEITZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | SUE ALBRIGHT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WAYNE PURK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MAHLON SMITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SCOTT ABELS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MORGAN KUPER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | DARRELL MORROW |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOHN HILDEBRAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | ERNIE COLE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT AU |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER AU |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | AUDIT COMMIT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | CREDIT COMMI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | AUDIT COMMIT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | VICE CHAIRPE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | AUDIT CHAIRM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | COMMITTE CHA |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/Form990TFiledInd | 0 | true |
| IRS990/FormationYr | 0 | 1934 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 297707 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 32128 |
| IRS990/InterestGrp/TotalAmt | 0 | 32128 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 51736 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 51736 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 4033238 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 3422462 |
| IRS990/IRPDocumentCnt | 0 | 187 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 139737 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 48925 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 46522 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 186259 |
| IRS990/LegalDomicileStateCd | 0 | IA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 3342 |
| IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 3342 |
| IRS990/MissionDesc | 0 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 1415548 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1434807 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 13607 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 13607 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 28963 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 28963 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 17907 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 17907 |
| IRS990/OtherExpensesGrp/Desc | 0 | EXAM FEES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 3183 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 3183 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 5627145 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 5095424 |
| IRS990/OtherOrganizationDsc | 0 | CREDIT UNION |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 524298 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | FEES & CHARGES |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/Desc | 2 | CDI / CLI INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 17888 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 4878 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 17888 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 4878 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 2 | 2651 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 2651 |
| IRS990/OtherRevenueTotalAmt | 0 | 28759 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 127277 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 127277 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 2330436 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 2340728 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 10347 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 10347 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 1028660 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 1028660 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 4000 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 4000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 834 |
| IRS990/PrincipalOfficerNm | 0 | MARILYN K HILEMAN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | INTEREST INCOME LOANS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 217212 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 217212 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 278448 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 59582 |
| IRS990/PYOtherExpensesAmt | 0 | 162947 |
| IRS990/PYOtherRevenueAmt | 0 | 81955 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 216648 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 33904 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 161334 |
| IRS990/PYTotalExpensesAmt | 0 | 324281 |
| IRS990/PYTotalRevenueAmt | 0 | 358185 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 19259 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 386888 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 406147 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 18774 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 64578 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 83352 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 7497 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 75159 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 82656 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 20251 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 20251 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 2823700 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 2170384 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 93604 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 4079 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 1364 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 5 | 1336 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 6 | 957 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CD BALANCES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | SHARE DRAFT BALANCES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | RETIREMENT FUNDS PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | OTHER ACCRUED EXPENSES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | TAXES PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | INSURANCE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 6 | DIVIDENDS PAYABLE |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 46522 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 5095424 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, ENCOURAGE HABITS OF THRIFT AMONG THEIR MEMBERS, AND PROVIDE AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ORGANIZED WITH MEMBERS OF STOCKHOLDERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AT EACH ANNUAL MEETING, MEMBERS HAVE ONE VOTE. AT EACH ANNUAL MEETING, ONE MEMBER SHALL BE ELECTED TO FILL EACH BOARD OF DIRECTOR POSITION VACATED BY REASON OF AN EXPIRING TERM OR OTHER CAUSE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE MAJORITY OF MEMBERS PRESENT AT ANY MEETING MAY VOTE TO MODIFY, AMEND OR REVERSE ANY ACT OF THE BOARD OF DIRECTORS OR INSTRUCT THE BOAARD TO TAKE ACTION NOT INCONSISTENT WITH THE ARTICLES, BYLAWS, OR THE IOWA CODE. IN ORDER TO BE BINDING UPON THE BOARD OF DIRECTORS, ANY ACTION REQUIRES AN AFFIRMATIVE VOTE OF A MAJORITY OF ELIGIBLE MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | NO |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE FORM 990 IS REVIEWED BY BOARD MEMBERS FOLLOWING COMPLETION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO POSTED IN THE MAIN OFFICE OF THE CREDIT UNION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | BOARD APPROVES COMPENSATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | BOARD APPROVES COMPENSATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | AT THE BOARD MEETING FOLLOWING THE COMPLETED RETURN DATE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 10B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 7045206 |
| IRS990/TotalAssetsEOYAmt | 0 | 6532766 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 7045206 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 6532766 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 8 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 278448 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 278448 |
| IRS990/TotalGrossUBIAmt | 0 | 5993 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 5629658 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 5097959 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 5629658 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 5097959 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1415548 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1434807 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 278448 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 278448 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 217212 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 291714 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 297707 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 5993 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 7045206 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 6532766 |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1429 JERSEY LANE |
| IRS990/USAddress/CityNm | 0 | WATERLOO |
| IRS990/USAddress/StateAbbreviationCd | 0 | IA |
| IRS990/USAddress/ZIPCd | 0 | 50701 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARILYN K HILEMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | MANAGER/CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-09-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CHICAGO CENTRAL COMMERCE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CREDIT UNION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHIC |
| ReturnHeader/Filer/EIN | 0 | 420326940 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1005 E 4TH ST |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WATERLOO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 507033932 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | A155F3296CD59A31E4C298D9FBB6BCE953300A18 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 7F8DA1CA24E96FDB236727D7A786CEDCD9823B05 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 461136044 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CORY WARMUTH CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1315 KNOLL AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WATERLOO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 50701 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3192346559 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-09-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CORY WARMUTH CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2017-09-14T14:22:55-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $6,532,766
- Liabilities
- $5,097,959
- Net assets
- $1,434,807
- Revenue
- $297,707
- Expenses
- $278,448
- Net income
- $19,259