Civic Intelligence

Chicago Central Commerce Credit Union

990 • Fiscal year 2020 • EIN 42-0326940

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 23, 2021

Organization ProfileN/A
1005 E 4th StWaterloo, IA 50703-3932

(319) 232-0808

Siviq Scores

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

Liabilities / Assets

25th percentile

0.80x

Higher debt load relative to assets than 25% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

17.77x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Net Margin

28th percentile

0.0%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2020 filings • 501(c)14 • $5M-$10M nonprofits • Source year 2020

Asset Growth

53rd percentile

9.0%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-5.7%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)14 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$7,242,942

Up $596,920 (+9.0%) from 2019

Net Assets

Flat

$1,451,787

Flat from 2019

Liabilities

Up

$5,791,155

Up $596,920 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin28th percentile

Revenue

Down

$325,808

Down $19,838 (-5.7%) from 2019

Expenses

Down

$325,808

Down $19,838 (-5.7%) from 2019

Net Income

Flat

$0

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,529,327Liabilities 2010: $6,216,256Net Assets 2010: $1,313,0712010Assets 2012: $7,009,763Liabilities 2012: $5,677,162Net Assets 2012: $1,332,6012012Assets 2013: $7,156,939Liabilities 2013: $5,800,266Net Assets 2013: $1,356,6732013Assets 2014: $7,427,960Liabilities 2014: $6,046,316Net Assets 2014: $1,381,6442014Assets 2015: $7,045,206Liabilities 2015: $5,629,658Net Assets 2015: $1,415,5482015Assets 2016: $6,532,766Liabilities 2016: $5,097,959Net Assets 2016: $1,434,8072016Assets 2017: $6,855,905Liabilities 2017: $5,408,646Net Assets 2017: $1,447,2592017Assets 2018: $6,742,320Liabilities 2018: $5,290,533Net Assets 2018: $1,451,7872018Assets 2019: $6,646,022Liabilities 2019: $5,194,235Net Assets 2019: $1,451,7872019Assets 2020: $7,242,942Liabilities 2020: $5,791,155Net Assets 2020: $1,451,7872020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$7,242,942
Liabilities$5,791,155
Net Assets$1,451,787
Open 2020 Filing

Operations Trend

Revenue Growth56th percentile

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

$400K$200K$0-$200KExpenses 2010: $398,1082010Expenses 2012: $310,7372012Revenue 2013: $300,042Expenses 2013: $275,970Net Income 2013: $24,0722013Revenue 2014: $310,372Expenses 2014: $290,819Net Income 2014: $19,5532014Revenue 2015: $358,185Expenses 2015: $324,281Net Income 2015: $33,9042015Revenue 2016: $297,707Expenses 2016: $278,448Net Income 2016: $19,2592016Revenue 2017: $301,734Expenses 2017: $289,282Net Income 2017: $12,4522017Revenue 2018: $327,508Expenses 2018: $322,980Net Income 2018: $4,5282018Revenue 2019: $345,646Expenses 2019: $345,646Net Income 2019: $02019Revenue 2020: $325,808Expenses 2020: $325,808Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $42,488Net Income 2021: -$42,4882021

Highlighted filing

2020

Revenue$325,808
Expenses$325,808
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 23, 2021
Return Version
2020v4.0
Gross Receipts
$325,808
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
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,641,728$4,288,785▲ $647,057
Other Notes and Loans Receivable, Net$2,290,708$2,097,546▼ $193,162
Pd in Cap Srpls Land Bldg Eqp Fund$1,028,661$1,028,661→ $0
Cash and Non-Interest-Bearing Accounts$670,618$819,581▲ $148,963
Rtn Earn Endowment Incm Other Fnds$423,126$423,126→ $0
Land, Buildings, and Equipment, Net$42,968$37,030▼ $5,938
Total Assets$6,646,022$7,242,942▲ $596,920
Liabilities
Other Liabilities$5,192,114$5,787,995▲ $595,881
Accounts Payable and Accrued Expenses$2,121$3,160▲ $1,039
Total Liabilities$5,194,235$5,791,155▲ $596,920
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,451,787$1,451,787→ $0
Total Liabilities and Net Assets / Fund Balance$6,646,022$7,242,942▲ $596,920

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,095$84,615$89,710
Buildings$11,935$71,668$83,603
Land$20,000-$20,000
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Morgan KuperChairman
John HildebrandChairperson
Nedra Sue AlbrightChairperson
Wayne PurkPresident
Scott AbelsVice Chairpe
Mahlon SmithCommittee Ch
Shinita CrawleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$220,092
Investment Income
$87,023
Other Revenue
$18,693
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,572
Salaries, Compensation, and Employee Benefits$155,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$126,943--$126,943
Interest$48,158--$48,158
Office Expenses$33,180--$33,180
Fees for Services Accounting$32,189--$32,189
Fees for Services Other$23,101--$23,101
Other Employee Benefits$14,062--$14,062
Depreciation Depletion$13,470--$13,470
Occupancy$12,347--$12,347
Payroll Taxes$10,537--$10,537
Other Expenses$3,969--$3,969
Pension Plan Contributions$3,694--$3,694
Conferences and Meetings$2,615--$2,615
Fees for Services Management$1,174--$1,174
Advertising$369--$369
Total Functional Expenses$325,808$0$0$325,808
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
Share Draft Balances$3,674,141
Cd Balances$2,051,500
Retirement Funds Payable$59,525
Taxes Payable$1,160
Dividends Payable$880
Insurance Payable$566
Other Accrued Expenses$223
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

“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
2021-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn K Hileman
Formed
1934
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
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.”

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6223
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHARE DRAFT BALANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CD BALANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RETIREMENT FUNDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DIVIDENDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5INSURANCE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6OTHER ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037030
IRS990ScheduleD/TotalLiabilityAmt05787995
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CREDIT 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/ExplanationTxt1CREDIT 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/ExplanationTxt2ORGANIZED WITH MEMBERS OF STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT 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/ExplanationTxt4THE 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/ExplanationTxt5NO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS REVIEWED BY BOARD MEMBERS FOLLOWING COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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/ExplanationTxt8BOARD APPROVES COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BOARD APPROVES COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AT THE BOARD MEETING FOLLOWING THE COMPLETED RETURN DATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 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/TotalAssetsBOYAmt06646022
IRS990/TotalAssetsEOYAmt07242942
IRS990/TotalAssetsGrp/BOYAmt06646022
IRS990/TotalAssetsGrp/EOYAmt07242942
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325808
IRS990/TotalFunctionalExpensesGrp/TotalAmt0325808
IRS990/TotalGrossUBIAmt04354
IRS990/TotalLiabilitiesBOYAmt05194235
IRS990/TotalLiabilitiesEOYAmt05791155
IRS990/TotalLiabilitiesGrp/BOYAmt05194235
IRS990/TotalLiabilitiesGrp/EOYAmt05791155
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01451787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01451787
IRS990/TotalOtherProgSrvcExpenseAmt0325808
IRS990/TotalProgramServiceExpensesAmt0325808
IRS990/TotalProgramServiceRevenueAmt0220092
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0321454
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325808
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04354
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06646022
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07242942
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01429 JERSEY LANE
IRS990/USAddress/CityNm0WATERLOO
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050701
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARILYN K HILEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHICAGO CENTRAL COMMERCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0CHIC
ReturnHeader/Filer/EIN0420326940
ReturnHeader/Filer/USAddress/AddressLine1Txt01005 E 4TH ST
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0507033932
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461136044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORY WARMUTH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01315 KNOLL AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERLOO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050701
ReturnHeader/PreparerPersonGrp/PhoneNum03192346559
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORY WARMUTH CPA
ReturnHeader/ReturnTs02021-09-01T15:20:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARILYN K
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HILEMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,242,942
Liabilities
$5,791,155
Net assets
$1,451,787
Revenue
$325,808
Expenses
$325,808
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$7.24$5.79$1.45$0.33$0.33$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.65$5.19$1.45$0.35$0.35$0.00
2018Detailed filing. Detailed filing data is available for this year.$6.74$5.29$1.45$0.33$0.32$0.00
2017Detailed filing. Detailed filing data is available for this year.$6.86$5.41$1.45$0.30$0.29$0.01
2016Detailed filing. Detailed filing data is available for this year.$6.53$5.10$1.43$0.30$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$7.05$5.63$1.42$0.36$0.32$0.03
2014Detailed filing. Detailed filing data is available for this year.$7.43$6.05$1.38$0.31$0.29$0.02
2013Detailed filing. Detailed filing data is available for this year.$7.16$5.80$1.36$0.30$0.28$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$5.68$1.33$0.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$6.22$1.31$0.40