Totals
- Total revenue
- $2,585,480
- Total expenses
- $2,406,754
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,238,258
- Investment income
- $347,222
- Other revenue
- $0
- Total assets, end of year
- $58,974,544
- Total liabilities, end of year
- $51,301,122
- Net assets or fund balances, end of year
- $7,673,422
- 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 Interest
total $1,752,174 · related or exempt $1,752,174
-
2b · Program service revenue: Fees & other charges
total $486,084 · related or exempt $486,084
-
3 · Investment income
total $347,222 · excluded $347,222
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $284,475
-
7 · Other salaries and wages
total $580,092
-
8 · Pension plan contributions
total $30,774
-
9 · Other employee benefits
total $75,849
-
10 · Payroll taxes
total $63,921
-
11c · Fees: accounting
total $14,292
-
11g · Fees: other
total $96,049
-
13 · Office expenses
total $80,697
-
14 · Information technology
total $293,998
-
16 · Occupancy
total $151,772
-
17 · Travel
total $3,686
-
19 · Conferences, conventions and meetings
total $13,943
-
20 · Interest
total $138,792
-
22 · Depreciation, depletion and amortization
total $74,478
-
23 · Insurance
total $22,297
-
24a · Other expenses: ATM/Debit fees
total $211,861
-
24b · Other expenses: Loan servicing
total $192,970
-
24c · Other expenses: Other operating
total $61,808
-
24d · Other expenses: Provsion for loan losse
total $15,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $246,105 · end of year $165,300
-
2 · Savings and temporary cash investments
beginning of year $638,576 · end of year $1,290,037
-
7 · Other notes and loans receivable
beginning of year $31,698,333 · end of year $31,490,094
-
9 · Prepaid expenses and deferred charges
beginning of year $288,840 · end of year $277,094
-
10a · Land, buildings and equipment: cost or other basis
$3,400,747
-
10b · Land, buildings and equipment: accumulated depreciation
$1,110,532
-
10c · Land, buildings and equipment, net
beginning of year $2,357,182 · end of year $2,290,215
-
11 · Investments: publicly traded securities
beginning of year $25,784,136 · end of year $22,561,689
-
12 · Investments: other securities
beginning of year $67,059 · end of year $67,059
-
15 · Other assets
beginning of year $825,635 · end of year $833,056
-
17 · Accounts payable and accrued expenses
beginning of year $253,141 · end of year $239,962
-
25 · Other liabilities
beginning of year $54,107,366 · end of year $51,061,160
-
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 $7,545,359 · end of year $7,673,422
Mission and programs · 2023
Mission
Illinois state chartered credit union operated for the mutual benefit of its 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
-
Credit Union makes and services consumer and real estate loans to members. The number of loans outstanding at 12/31/23 was 1,726 for a total of $31,490,094.
-
Credit Union pays out dividends to its members on share deposit accounts at a market rate of interest. Total number of share accounts at 12/31/23 is 8,534 in the amount of $51,061,160.
As filed on the 2023 return.
Listed in Part VII
-
James Parker
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Craig Lundt
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Yogi Patel
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Donna Sebestyen
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Alexis Wallace
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kurtis Todd
Director
- Total calculated
- $0
- Hours/week
- 2
-
Steven Bergeon
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ron Mikicich
Director
- Total calculated
- $0
- Hours/week
- 2
-
Pamela Harrison
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Dinges
President/CEO
- Total calculated
- $148,340
- From this org
- $128,367
- From related orgs
- $0
- Other
- $19,973
- Hours/week
- 45
-
Thomas Pierce
COO
- Total calculated
- $130,115
- From this org
- $113,222
- From related orgs
- $0
- Other
- $16,893
- Hours/week
- 45
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202430889349300918
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