Form 990 for tax year 2023
Filed by UNIVERSITY OF ILLINOIS COMMUNITY CREDIT UNION.
Totals
- Total revenue
- $44,284,163
- Total expenses
- $41,308,988
- Contributions and grants received
- $0
- Grants paid
- $306,700
- Program service revenue
- $31,769,959
- Investment income
- $5,839,544
- Other revenue
- $6,674,660
- Total assets, end of year
- $649,802,588
- Total liabilities, end of year
- $595,373,005
- Net assets or fund balances, end of year
- $54,429,583
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN PROGRAM REVENUE
total $27,899,797 · related or exempt $27,899,797
-
2b · Program service revenue: FEE INCOME
total $3,870,162 · related or exempt $3,840,026 · unrelated business $30,136
-
3 · Investment income
total $5,839,544 · excluded $5,839,544
-
11a · Other revenue: OTHER OPERATING INCOME
total $6,674,660 · related or exempt $6,674,660
-
11e · Other revenue, total
$6,674,660
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $306,700
-
4 · Benefits paid to or for members
total $3,346,424
-
5 · Compensation of officers, directors and key employees
total $2,451,128
-
7 · Other salaries and wages
total $9,702,512
-
8 · Pension plan contributions
total $550,074
-
9 · Other employee benefits
total $1,121,297
-
10 · Payroll taxes
total $913,027
-
11a · Fees: management
total $368,544
-
11b · Fees: legal
total $20,842
-
11c · Fees: accounting
total $118,481
-
12 · Advertising and promotion
total $532,991
-
13 · Office expenses
total $8,262,231
-
16 · Occupancy
total $747,026
-
17 · Travel
total $309,866
-
20 · Interest
total $4,040,500
-
22 · Depreciation, depletion and amortization
total $855,477
-
24a · Other expenses: LOAN SERVICING
total $4,036,354
-
24b · Other expenses: CREDIT LOSS EXPENSE
total $3,348,270
-
24c · Other expenses: MISC OPERATING EXPENSES
total $187,024
-
24d · Other expenses: OPERATING FEES
total $90,220
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,201,708 · end of year $6,282,677
-
2 · Savings and temporary cash investments
beginning of year $40,566,414 · end of year $25,196,046
-
4 · Accounts receivable
beginning of year $1,750,434 · end of year $254,680
-
5 · Loans and receivables from officers and key people
beginning of year $980,000 · end of year $8,496,302
-
7 · Other notes and loans receivable
beginning of year $459,279,711 · end of year $533,518,930
-
9 · Prepaid expenses and deferred charges
beginning of year $11,325,330 · end of year $4,197,201
-
10a · Land, buildings and equipment: cost or other basis
$21,876,407
-
10b · Land, buildings and equipment: accumulated depreciation
$13,902,373
-
10c · Land, buildings and equipment, net
beginning of year $7,949,306 · end of year $7,974,034
-
12 · Investments: other securities
beginning of year $55,306,015 · end of year $49,432,919
-
14 · Intangible assets
beginning of year $1,881,985 · end of year $3,901,558
-
15 · Other assets
beginning of year $6,326,878 · end of year $10,548,241
-
17 · Accounts payable and accrued expenses
beginning of year $6,703,798 · end of year $4,855,701
-
23 · Secured mortgages and notes payable
beginning of year $3,000,000 · end of year $31,000,000
-
25 · Other liabilities
beginning of year $529,725,557 · end of year $559,517,304
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $51,138,426 · end of year $54,429,583
Mission and programs · 2023
Mission
TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
Activities or mission (Part I)
TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
-
CREDIT UNION LOAN PROGRAMS: PROVIDED 25,324 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 21,898 CREDIT CARDS TO MEMBERS.
-
CREDIT UNION SAVINGS AND CHECKING PROGRAMS: SERVICED 27,196 SHARE DRAFT ACCOUNTS, 67,344 SHARE SAVINGS ACCOUNTS, 3,027 MONEY MARKET ACCOUNTS, 1,678 IRA ACCOUNTS, 3,940 SHARE CERTIFICATES.
-
SUPPORT ALL BUSINESS RELATED MEMBER SERVICES.
As filed on the 2023 return.
Listed in Part VII
-
Anni McClellanANNI MCCLELLAN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Aaron CarterAARON CARTER
BOARD VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Jane SolonJANE SOLON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Chris RandlesCHRIS RANDLES
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Napoleon KnightNAPOLEON KNIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
M Chris HansenM CHRIS HANSEN
BOARD MEMBER (PART-YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Sharon AllenSHARON ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah CraneSARAH CRANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne SampsonSUZANNE SAMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Phillip RowellPHILLIP ROWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris HarlanCHRIS HARLAN
PRESIDENT/CEO
- Total calculated
- $446,279
- From this org
- $401,656
- From related orgs
- $0
- Other
- $44,623
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $348,744
- Bonus
- $52,912
- Other
- $0
- Deferred
- $27,589
- Nontaxable benefits
- $17,034
- Filer's total
- $446,279
-
Jennifer PeytonJENNIFER PEYTON
EVP/CFO
- Total calculated
- $279,130
- From this org
- $246,944
- From related orgs
- $0
- Other
- $32,186
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,687
- Bonus
- $34,257
- Other
- $0
- Deferred
- $18,540
- Nontaxable benefits
- $13,646
- Filer's total
- $279,130
-
Kim CheekKIM CHEEK
SVP/CHIEF ADMIN OFFICER
- Total calculated
- $261,081
- From this org
- $230,474
- From related orgs
- $0
- Other
- $30,607
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,885
- Bonus
- $31,589
- Other
- $0
- Deferred
- $16,995
- Nontaxable benefits
- $13,612
- Filer's total
- $261,081
-
Greg AndersonGREG ANDERSON
SVP/CHIEF RELATIONSHIP OFF
- Total calculated
- $231,211
- From this org
- $207,889
- From related orgs
- $0
- Other
- $23,322
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,255
- Bonus
- $28,634
- Other
- $0
- Deferred
- $15,184
- Nontaxable benefits
- $8,138
- Filer's total
- $231,211
-
Travis VermillionTRAVIS VERMILLION
SVP/CRO
- Total calculated
- $219,558
- From this org
- $188,836
- From related orgs
- $0
- Other
- $30,722
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,997
- Bonus
- $23,839
- Other
- $0
- Deferred
- $14,036
- Nontaxable benefits
- $16,686
- Filer's total
- $219,558
-
Stacey RussellSTACEY RUSSELL
SVP/CHIEF LENDING OFFICER
- Total calculated
- $218,926
- From this org
- $196,752
- From related orgs
- $0
- Other
- $22,174
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,575
- Bonus
- $26,177
- Other
- $0
- Deferred
- $14,066
- Nontaxable benefits
- $8,108
- Filer's total
- $218,926
-
Susan ToalsonSUSAN TOALSON
SVP/BUSINESS DEVELOPMENT
- Total calculated
- $215,092
- From this org
- $187,847
- From related orgs
- $0
- Other
- $27,245
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,760
- Bonus
- $23,087
- Other
- $0
- Deferred
- $13,697
- Nontaxable benefits
- $13,548
- Filer's total
- $215,092
-
Zach GrittonZACH GRITTON
SVP OF INFORMATION TECHNOLO
- Total calculated
- $199,704
- From this org
- $173,603
- From related orgs
- $0
- Other
- $26,101
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,564
- Bonus
- $18,039
- Other
- $0
- Deferred
- $12,502
- Nontaxable benefits
- $13,599
- Filer's total
- $199,704
-
Kate RogersKATE ROGERS
SVP OF DIGITAL SERVICES & P
- Total calculated
- $198,652
- From this org
- $169,444
- From related orgs
- $0
- Other
- $29,208
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,797
- Bonus
- $18,647
- Other
- $0
- Deferred
- $12,560
- Nontaxable benefits
- $16,648
- Filer's total
- $198,652
-
Lisa PaulLISA PAUL
SVP OF MEMBER EXPERIENCE
- Total calculated
- $181,495
- From this org
- $161,710
- From related orgs
- $0
- Other
- $19,785
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,063
- Bonus
- $18,647
- Other
- $0
- Deferred
- $11,685
- Nontaxable benefits
- $8,100
- Filer's total
- $181,495
-
Jenna HoweJENNA HOWE
AVP LENDING
- Total calculated
- $159,761
- From this org
- $142,267
- From related orgs
- $0
- Other
- $17,494
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,267
- Bonus
- $0
- Other
- $0
- Deferred
- $9,856
- Nontaxable benefits
- $7,638
- Filer's total
- $159,761
-
Philip DykstraPHILIP DYKSTRA
MORTGAGE LOAN OFFICER
- Total calculated
- $143,210
- From this org
- $123,865
- From related orgs
- $0
- Other
- $19,345
- Hours/week
- 40
-
Keon ConerlyKEON CONERLY
AVP BUSINESS INTELLIGENCE
- Total calculated
- $132,234
- From this org
- $112,126
- From related orgs
- $0
- Other
- $20,108
- Hours/week
- 40
-
Vicki BuffoVICKI BUFFO
AVP MEMBER EXPERIENCE
- Total calculated
- $131,485
- From this org
- $111,665
- From related orgs
- $0
- Other
- $19,820
- Hours/week
- 40
-
Kelly BuschKELLY BUSCH
AVP TALENT DEVELOPMENT
- Total calculated
- $130,073
- From this org
- $114,039
- From related orgs
- $0
- Other
- $16,034
- Hours/week
- 40
-
Barbara MichaelBARBARA MICHAEL
FORMER OFFICER - MERGER CONTRACT
- Total calculated
- $187,832
- From this org
- $171,178
- From related orgs
- $0
- Other
- $16,654
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $171,178
- Bonus
- $0
- Other
- $0
- Deferred
- $9,196
- Nontaxable benefits
- $7,458
- Filer's total
- $187,832
-
Barbara MorrisBARBARA MORRIS
FORMER OFFICER - MERGER CONTRACT
- Total calculated
- $146,117
- From this org
- $131,544
- From related orgs
- $0
- Other
- $14,573
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $131,544
- Bonus
- $0
- Other
- $0
- Deferred
- $7,115
- Nontaxable benefits
- $7,458
- Filer's total
- $146,117
-
Brenda RiddleBRENDA RIDDLE
FORMER OFFICER - MERGER CONTRACT
- Total calculated
- $115,398
- From this org
- $102,438
- From related orgs
- $0
- Other
- $12,960
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $102,438
- Bonus
- $0
- Other
- $0
- Deferred
- $5,502
- Nontaxable benefits
- $7,458
- Filer's total
- $115,398
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- CHRIS HARLAN - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 JENNIFER PEYTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 KIM CHEEK - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 GREG ANDERSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 STACEY RUSSELL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 TRAVIS VERMILLION - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 SUSAN TOALSON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 ZACH GRITTON - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 KATE ROGERS - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023 LISA PAUL - PARTICIPATED IN SERP PLAN BUT NO PAYOUT FOR 2023
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$260,000
SPONSORSHIP OF ATHLETICS AT THE UNIVERSITY OF ILLINOIS
-
FIGHTING ILLINI SPORTS PROPERTY LLC
$20,000
SPONSORHIP OF JUMBOTRON AT ATHLETIC EVENTS AT THE UNIVERSITY OF ILLINOIS
-
$10,000
SPONSORSHIP OF ARTS PROGRAMMING AT U OF I KRANNERT CENTER FOR THE PERFORMING ARTS
-
$6,350
GOLF SPONSORSHIP
-
PARKLAND COLLEGE
$5,350
SPONSORSHIP OF PROGRAMMING AT PARKLAND COMMUNITY COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432489349301858
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