Totals
- Total revenue
- $21,565,820
- Total expenses
- $17,137,832
- Contributions and grants received
- $0
- Grants paid
- $98,920
- Program service revenue
- $19,639,580
- Investment income
- $1,790,102
- Other revenue
- $136,138
- Total assets, end of year
- $474,793,886
- Total liabilities, end of year
- $432,509,635
- Net assets or fund balances, end of year
- $42,284,251
- 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: INTEREST ON LOANS
total $12,895,817 · related or exempt $12,895,817
-
2b · Program service revenue: FEES & OTHER INCOME
total $6,711,963 · related or exempt $6,643,018 · unrelated business $68,945
-
2c · Program service revenue: WARRANTY SALES
total $31,800 · unrelated business $31,800
-
3 · Investment income
total $1,792,214 · related or exempt $1,792,214
-
5 · Royalties
total $136,138 · related or exempt $136,138
-
7a · Gross sales of assets other than inventory
other assets $8,410
-
7b · Less cost or other basis and sales expenses
other assets $10,522
-
7c · Gain or loss
other assets -$2,112
-
7d · Net gain or loss
total -$2,112 · related or exempt -$2,112
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $93,920
-
2 · Grants to domestic individuals
total $5,000
-
5 · Compensation of officers, directors and key employees
total $1,009,289
-
7 · Other salaries and wages
total $4,436,225
-
8 · Pension plan contributions
total $333,122
-
9 · Other employee benefits
total $814,024
-
10 · Payroll taxes
total $425,190
-
11b · Fees: legal
total $165,000
-
11c · Fees: accounting
total $136,370
-
11f · Fees: investment management
total $65,964
-
11g · Fees: other
total $2,354,977
-
12 · Advertising and promotion
total $602,930
-
13 · Office expenses
total $767,192
-
14 · Information technology
total $1,687,720
-
16 · Occupancy
total $538,415
-
17 · Travel
total $13,261
-
19 · Conferences, conventions and meetings
total $189,780
-
20 · Interest
total $878
-
22 · Depreciation, depletion and amortization
total $1,037,204
-
23 · Insurance
total $130,688
-
24a · Other expenses: MEMBER DIVIDENDS
total $1,602,336
-
24b · Other expenses: LOAN SERVICING
total $319,551
-
24c · Other expenses: WRITE-OFFS/OTHER LOSSES
total $190,355
-
24d · Other expenses: PROVISION FOR LOAN LOSS
total $147,399
-
24e · All other expenses
total $71,042
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,435,944 · end of year $7,938,948
-
2 · Savings and temporary cash investments
beginning of year $65,692,617 · end of year $55,269,991
-
7 · Other notes and loans receivable
beginning of year $282,601,448 · end of year $318,339,176
-
9 · Prepaid expenses and deferred charges
beginning of year $1,040,584 · end of year $1,197,310
-
10a · Land, buildings and equipment: cost or other basis
$17,017,951
-
10b · Land, buildings and equipment: accumulated depreciation
$10,531,695
-
10c · Land, buildings and equipment, net
beginning of year $6,840,040 · end of year $6,486,256
-
12 · Investments: other securities
beginning of year $69,752,061 · end of year $74,590,008
-
15 · Other assets
beginning of year $20,359,327 · end of year $10,972,197
-
17 · Accounts payable and accrued expenses
beginning of year $3,848,500 · end of year $5,952,799
-
21 · Escrow or custodial account liability
beginning of year $413,925 · end of year $442,544
-
25 · Other liabilities
beginning of year $405,812,263 · end of year $426,114,292
-
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 $44,647,333 · end of year $42,284,251
Mission and programs · 2022
Mission
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE CREDIT UNION.
-
PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 43,176 MEMBERS.
-
PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2022, THERE WERE 152,260 LOANS OUTSTANDING TOTALING $320,289,876.
-
PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $1,602,336 FOR THE YEAR.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark PetersonMARK PETERSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Chris SieversCHRIS SIEVERS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Susan WillisSUSAN WILLIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
William CapieWILLIAM CAPIE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Keith McDannelKEITH MCDANNEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Deborah NelsonDEBORAH NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melissa EastonMELISSA EASTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff McGoyJEFF MCGOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jp DunnJP DUNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike LantripMIKE LANTRIP
PRESIDENT/CEO
- Total calculated
- $184,506
- From this org
- $156,445
- From related orgs
- $0
- Other
- $28,061
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,808
- Bonus
- $5,537
- Other
- $8,100
- Deferred
- $12,210
- Nontaxable benefits
- $15,851
- Filer's total
- $184,506
-
Sandy TaylorSANDY TAYLOR
VP FINANCE/CFO
- Total calculated
- $115,875
- From this org
- $94,090
- From related orgs
- $0
- Other
- $21,785
- Hours/week
- 40
-
Stacy CallahanSTACY CALLAHAN
VP LENDING
- Total calculated
- $115,315
- From this org
- $94,781
- From related orgs
- $0
- Other
- $20,534
- Hours/week
- 40
-
Brian MaurizioBRIAN MAURIZIO
VP INFORMATION TECHNOLOGY
- Total calculated
- $122,872
- From this org
- $102,029
- From related orgs
- $0
- Other
- $20,843
- Hours/week
- 40
-
Mark DynisMARK DYNIS
VP MARKETING
- Total calculated
- $96,664
- From this org
- $75,510
- From related orgs
- $0
- Other
- $21,154
- Hours/week
- 40
-
Erica PankeyERICA PANKEY
VP OPERATIONS
- Total calculated
- $101,087
- From this org
- $81,335
- From related orgs
- $0
- Other
- $19,752
- Hours/week
- 40
-
Patricia RobbinsPATRICIA ROBBINS
VP HUMAN RESOURCES
- Total calculated
- $100,562
- From this org
- $77,978
- From related orgs
- $0
- Other
- $22,584
- Hours/week
- 40
-
Kim BabingtonKIM BABINGTON
VP BUSINESS DEVELOPMENT
- Total calculated
- $89,354
- From this org
- $80,269
- From related orgs
- $0
- Other
- $9,085
- Hours/week
- 40
-
Tammy SullinsTAMMY SULLINS
COMPLIANCE OFFICER
- Total calculated
- $83,054
- From this org
- $62,333
- From related orgs
- $0
- Other
- $20,721
- Hours/week
- 40
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- THE CREDIT UNION PROVIDED TRAVEL FOR THE PRESIDENT'S WIFE RELATED TO THE ANNUAL ILLINOIS CREDIT UNION LEAGUE (ICUL) CONVENTION ($545).
- PART I, LINE 3
- THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S PERFORMANCE AND DETERMINES COMPENSATION PURSUANT TO A SIGNED EMPLOYMENT CONTRACT. THE BOARD'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
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
-
CONTRIBUTIONS AND SPONSORSHIPS SUPPORTING EDUCATION, RESEARCH AND SERVICE PROGRAMS
-
$6,600
CONTRIBUTIONS AND SPONSORSHIPS SUPPORTING OLYMPIC-TYPE SPORTS FOR PEOPLE WITH INTELLECTUAL DISABILITIES.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322469349300602
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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