Totals
- Total revenue
- $2,196,495
- Total expenses
- $2,096,983
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,149,483
- Investment income
- $34,012
- Other revenue
- $13,000
- Total assets, end of year
- $37,566,395
- Total liabilities, end of year
- $33,614,639
- Net assets or fund balances, end of year
- $3,951,756
- 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-member loans
total $1,711,548 · related or exempt $1,711,548
-
2b · Program service revenue: Service fees
total $256,477 · related or exempt $256,477
-
2c · Program service revenue: Transaction fees
total $181,458 · related or exempt $174,028 · unrelated business $7,430
-
3 · Investment income
total $34,012 · related or exempt $34,012
-
6a · Gross rents
real property $13,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,000
-
6d · Net rental income or loss
total $13,000 · excluded $13,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $296,349
-
7 · Other salaries and wages
total $241,926
-
8 · Pension plan contributions
total $14,734
-
9 · Other employee benefits
total $66,049
-
10 · Payroll taxes
total $23,450
-
11c · Fees: accounting
total $24,175
-
11f · Fees: investment management
total $1,879
-
11g · Fees: other
total $52,332
-
12 · Advertising and promotion
total $59,965
-
13 · Office expenses
total $74,619
-
14 · Information technology
total $296,763
-
17 · Travel
total $76,681
-
19 · Conferences, conventions and meetings
total $6,971
-
20 · Interest
total $66,180
-
22 · Depreciation, depletion and amortization
total $87,574
-
23 · Insurance
total $36,008
-
24a · Other expenses: Dividends on share bala
total $206,020
-
24b · Other expenses: Loan Servicing
total $181,614
-
24c · Other expenses: Miscellaneous operating
total $172,650
-
24d · Other expenses: Provision for loan loss
total $94,624
-
24e · All other expenses
total $16,420
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $855,045 · end of year $1,059,133
-
2 · Savings and temporary cash investments
beginning of year $363,373 · end of year $894,519
-
4 · Accounts receivable
beginning of year $34,424,393 · end of year $31,152,365
-
9 · Prepaid expenses and deferred charges
beginning of year $417,084 · end of year $373,445
-
10a · Land, buildings and equipment: cost or other basis
$2,161,655
-
10b · Land, buildings and equipment: accumulated depreciation
$737,157
-
10c · Land, buildings and equipment, net
beginning of year $1,413,242 · end of year $1,424,498
-
11 · Investments: publicly traded securities
beginning of year $206,867 · end of year $2,207,223
-
12 · Investments: other securities
beginning of year $315,180 · end of year $315,601
-
15 · Other assets
beginning of year $81,549 · end of year $139,611
-
17 · Accounts payable and accrued expenses
beginning of year $1,853,946 · end of year $166,995
-
25 · Other liabilities
beginning of year $32,310,543 · end of year $33,447,644
-
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 $3,912,244 · end of year $3,951,756
Mission and programs · 2023
Mission
Illinois state chartered credit union operated for the mutual benefit of its over 3,400 members. The credit union makes loans to members and pays dividends to members with share deposits at a competitive rate of interest.
Activities or mission (Part I)
Illinois state chartered credit union operated for the mutual benefit of its members
-
The credit union makes and services consumer loans and real estate loans to members. The number of loans outstanding at 12/31/23 was 2,066 for a total of $31,336,269.
-
The Credit Union pays out dividends to its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/23 was 4,407 for a total of $33,447,644.
As filed on the 2023 return.
Listed in Part VII
-
Linda Bertrand-Burt
Chairperson
- Total calculated
- $0
- Hours/week
- 0.5
-
Polly Ragazincky
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve Piano
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Romagnoli
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Debbie Feeney
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David Buckley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom Kist
President
- Total calculated
- $168,560
- From this org
- $141,762
- From related orgs
- $0
- Other
- $26,798
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,762
- Bonus
- $0
- Other
- $0
- Deferred
- $15,998
- Nontaxable benefits
- $10,800
- Filer's total
- $168,560
-
Jennifer Bunker Skerston
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Lorie Siensa
Vice President
- Total calculated
- $122,789
- From this org
- $103,732
- From related orgs
- $0
- Other
- $19,057
- 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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- IRS schema version
- 2023v6.0
- Source object
- 202622369349300772
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