2024-05-14T15:21:21-05:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 361848945 ILLINOIS COMMUNITY CREDIT UNION ILLI 8158954541 508 WEST STATE STREET SYCAMORE IL 60178 BRAIN MANN CFO 8158954541 2024-05-14 1 BRAIN MANN 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-05-14 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z THOR DOLAN 508 WEST STATE STREET SYCAMORE IL 60178 7125725 0 X WWW.MYICCU.ORG X 1935 IL A MEMBER OWNED FINANCIAL INSTITUTION, DEDICATED TO PROVIDING QUALITY PRODUCTS AND SERVICES. 7 7 50 9 0 0 0 0 6188228 6808077 178076 310434 11908 7214 6378212 7125725 4535 2953 0 0 2613060 2778362 0 0 0 3119387 4542364 5736982 7323679 641230 -197954 121524439 119783398 107077463 105672221 14446976 14111177 ILLINOIS COMMUNITY CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION, DEDICATED TO PROVIDING QUALITY PRODUCTS AND SERVICES THAT MEET THE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 0 0 PROVIDED SAVINGS AND CHECKING ACCOUNT SERVICES FOR 10,976 MEMBERS. THESE ACCOUNTS INCLUDE CHRISTMAS CLUB ACCOUNTS FOR MEMBERS TO AUTOMATICALLY SET ASIDE A FIXED AMOUNT EACH MONTH, TO BE TRANSFERRED INTO THEIR REGULAR SAVINGS ACCOUNT IN NOVEMBER OF EACH YEAR. WE ALSO PROVIDE CHECKING ACCOUNTS FOR PEOPLE THAT NORMALLY WOULDN'T QUALIFY FOR CHECKING ACCOUNTS DUE TO NEGATIVE EVENTS IN THEIR PAST BANKING HISTORY, ALONG WITH OTHER CHECKING ACCOUNTS BASED ON WHERE A MEMBER MAY BE IN THEIR FINANCIAL LIFE. ORIGINATED 1,071 LOANS TO MEMBERS, PROVIDING $25,004,076 IN CONSUMER AND RESIDENTIAL LOANS, CREDIT CARDS, FIRST MORTGAGES AND HOME EQUITY LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1570 0 1 50 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X BRIAN MANN 8158954541 508 WEST STATE STREET SYCAMORE IL 60178 DAVID THURWANGER CHAIR 2.00 X X 0 0 0 DOUGLAS LINDGREN VICE-CHAIR 2.00 X X 0 0 0 RICHARD OTT TREASURER 2.00 X X 0 0 0 DANA CROWLEY SECRETARY 2.00 X X 0 0 0 STEVE ELSIK DIRECTOR 2.00 X 0 0 0 STEVE GARLAND DIRECTOR 2.00 X 0 0 0 JOHN LINDEROTH DIRECTOR 2.00 X 0 0 0 THOR DOLAN CEO 40.00 X 211713 0 34057 BRIAN MANN CFO 40.00 X 132982 0 27390 ADAM FERGUSON VP OF IT, MARKETING, AND R 40.00 X 119123 0 5665 463818 0 67112 3 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROCESSOR 383634 CU ANSWERS 600 28TH STREET SE SUITE 100 GRAND RAPIDS MI 49546 CORE SOFTWARE PROVIDER 319284 ROCKFORD TECH 3549 MERCHANDISE DRIVE ROCKFORD IL 61109 EQUIPMENT SUPPLIER/MAINTENANCE 123136 GLIA TECHNOLOGIES INC PO BOX 200885 PITTSBURG PA 15251 WEB/AI PROGRAMMING 106560 4 INTEREST ON LOANS 522100 4793475 4793475 MEMBER FEES 522100 1783124 1783124 CUNA INCOME 522100 231478 231478 6808077 310434 310434 7214 7214 7214 7125725 6808077 0 317648 X 2953 530929 1857019 52029 158746 179639 59038 77399 1100920 152519 249173 52428 350764 57304 4407 409 95516 49640 MEMBER DIVIDENDS 1424662 PROVISION FOR LOAN LOSS 340000 LOAN SERVICING COSTS 165967 DUES AND SUBSCRIPTIONS 129730 232488 7323679 784392 762153 5136962 8435091 235213 256465 100210514 95873346 254644 280007 6107907 2285769 3372582 3822138 675943 132502 1658432 665476 9195757 9556220 121524439 119783398 788662 1014171 135714 107143 106153087 104550907 107077463 105672221 X 0 0 0 0 14446976 14111177 14446976 14111177 121524439 119783398 X -197954 12155 -150000 X 0 0 0 950461 950461 3588723 1049501 2539222 1566473 1236268 330205 2250 2250 3822138 OTHER ASSETS 859392 NCUA SHARE INSURANCE CAPITALIZATION DEPOSITS 1022385 NEW YORK LIFE INSURANCE 5548811 FORECLOSED AND REPOSSESSED ASSETS 49607 MINNESOTA LIFE INSURANCE 2076025 9556220 MEMBER DEPOSITS 104550907 104550907 X 0 0 0 THOR DOLAN CEO 201329 0 0 0 10384 0 8062 0 25995 0 245770 0 0 0 BRIAN MANN CFO 127164 0 0 0 5818 0 0 0 27390 0 160372 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY AS PART OF THE PERIODIC REVIEW OF POLICIES. THE POLICY IS SILENT ON VOLUNTARY DISCLOSURE. IT INSTRUCTS DIRECTORS AND EMPLOYEES TO AVOID SITUATIONS THAT MAY GIVE RISE TO A CONFLICT. A CONFLICT AT THE BOARD LEVEL WOULD BE REPORTED TO EITHER THE SUPERVISORY COMMITTEE CHAIR OR THE CEO. THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS. SHOULD A CONFLICT OF INTEREST EVER EXIST THE CONFLICTED INDIVIDUAL SHALL EXCUSE THEMSELVES FROM ANY DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY A BOARD COMPENSATION COMMITTEE, COMPRISED OF THREE DIRECTORS. INDUSTRY DATA AND PEER GROUP INFORMATION IS EVALUATED, AND THE CURRENT ECONOMIC CONDITIONS ARE CONSIDERED. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO, WHO USES CURRENT INDUSTRY DATA AND INDIVIDUAL PERFORMANCE METRICS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN LOBBIES AT ALL LOCATIONS EACH MONTH. FORM 990, PART IX, LINE 11G OTHER FEES 202,538. DRAFT SERVICES 635,269. MAINTENANCE SERVICES 263,113. FORM 990, PART XI, LINE 9: ONE-TIME ADJUSTMENT TO UNDIVIDED EARNINGS (CECL) -150,000.