2024-05-15T19:44:06-04:00 2023-12-31 990 2023-01-01 370771458 ILLINOIS EDUCATORS CREDIT UNION % Jody Dabrowski ILLI 2175282642 3101 MONTVALE DR SPRINGFIELD IL 627044260 Dane Holmes Controller 2024-05-15 Dane Holmes XXX-XX-XXXX 2023 2023-04-26 12:10:37Z Jody Dabrowski 3101 MONTVALE DR SPRINGFIELD IL 627044260 5723602 false X www.iecumember.org X 1938 IL The Illinois Educators Credit Union operates to assist its members by providing loans deposit accounts and other financial services for the benefit of the entire membership. 10 10 37 11 6950 1934 0 0 4329297 5186860 767950 529792 0 6950 5097247 5723602 0 0 0 0 1433876 1774892 0 0 0 2082719 3126529 3516595 4901421 1580652 822181 100277471 102087604 89732087 90953244 10545384 11134360 The Illinois Educators Credit Union operates to assist its members by providing loans deposit accounts and other financial services for the benefit of the entire membership. false false 0 0 0 The Credit Union has various types of deposit accounts for its members. As of 12 31 2023 9,268 members. 0 0 0 The Credit Union has several types of loan programs available for its members. The Credit Union funded 1,435 new loans during 2023. As of 12 31 2023 the Credit Union had 6,039 outstanding to its members. 0 0 0 0 0 0 0 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 1699 0 true 37 true true true false false false false false false false 10 10 false false false false true true true true true false true true false true true true true true true true false X Dane Holmes 2175282642 3101 Montvale Drive Springfield IL 62704 Richard Bowen Director 1.00 0.00 X 0 0 0 Jody Dabrowski CEO 40.00 0.00 X 249123 0 10370 Paul Gaumer COO - Former 40.00 0.00 X 45589 0 3679 Tiffany Williams Chairman 1.00 0.00 X X 0 0 0 John Meyer Vice Chair 1.00 0.00 X X 0 0 0 Rich Eggleston Treasurer 1.00 0.00 X X 0 0 0 James Korte Secretary 1.00 0.00 X X 0 0 0 Sandi Davin Director 1.00 0.00 X 0 0 0 Laura Jordan Director 1.00 0.00 X 0 0 0 Cinda Klickna Director 1.00 0.00 X 0 0 0 Rob Meagher Director 1.00 0.00 X 0 0 0 Greg Stock Director 1.00 0.00 X 0 0 0 Jeff Vose Director 1.00 0.00 X 0 0 0 294712 0 14049 1 false true false Fiserv PO Box 934057 Atlanta GA 31193 Core processor 354492 Financial Supermarkets PO Box 1450 Cornelia GA 30531 Capital improvement projects 260814 2 0 0 0 0 0 0 0 0 Loan Interest 522130 3729712 3729712 0 0 Fees and Charges 522130 964271 964271 0 0 Interchange Income 522130 492877 492877 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5186860 518756 518756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11036 0 0 0 11036 11036 11036 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Consulting 541200 6950 0 6950 0 0 0 0 0 0 0 0 0 0 0 0 0 6950 5723602 5716652 6950 0 0 0 0 0 0 0 0 0 308761 308761 0 0 0 0 0 0 1200771 1200771 0 0 18743 18743 0 0 119892 119892 0 0 126725 126725 0 0 0 0 0 0 11918 11918 0 0 21213 21213 0 0 0 0 0 0 0 0 0 0 0 0 212949 212949 0 0 66530 66530 0 0 238128 238128 0 0 151942 151942 0 0 0 0 0 0 297681 297681 0 0 6335 6335 0 0 0 0 0 0 54099 54099 0 0 813511 813511 0 0 0 0 0 0 167873 167873 0 0 38783 38783 0 0 ATM/Debit Expenses 355735 355735 0 0 Loan Servicing Expenses 150960 150960 0 0 Visa Expense 88497 88497 0 0 Provision for Consumer Loan Loss 350000 350000 0 0 100375 100375 0 0 4901421 4901421 0 0 0 0 0 0 519380 559979 4625305 4852231 0 0 81406 102097 0 0 0 0 75987469 79117692 0 0 611145 658736 3464788 738358 2617464 2726430 13827103 12117522 0 0 0 0 486693 435908 1521506 1517009 100277471 102087604 4497269 3498421 0 0 0 0 0 0 0 0 0 0 0 0 0 0 85234818 87454823 89732087 90953244 X 0 0 0 0 10545384 11134360 10545384 11134360 100277471 102087604 822181 0 0 0 0 -233205 X false false false 303800 303800 2421958 296104 2125854 739030 442254 296776 2726430 Members Shares Account 82000824 Non-Member Shares Account 5453999 87454823 false false false Jody Dabrowski CEO 195678 0 22317 0 31128 0 8906 0 1464 0 259493 0 0 0 Part VI, Line 6 501c14 Credit Union is composed of members. Part VI, Line 7a The governing body is elected from and by the membership. Part VI, Line 7b Members vote on bylaw and charter changes. Members vote and elect board members at annual meeting. Part VI, Line 11a Form 990 is prepared by Controller of the Credit Union who is a licensed CPA with the State of Illinois. CEO reviews worked performed by Controller for accuracy and completeness. The Form 990 are made available to the Board of Directors for review and to the membership upon request. Part VI, Line 12c Employee loans are management approved. Management loans are board approved. Loans to board members are approved by the board with the member applying abstaining approval. Part VI, Line 15 Executive salaries are board reviewed and approved. Board of Directors are not compensated. Part XI, Line 9 | Description:, Explanation:, Amount:| The Credit Union implemented ASC 326 - Current Expected Credit Loss effective October 1 2023 which required and adjustment to undivided earnings at the beginning of the month., One-Time CECL Adjustment, $-233205|