2025-05-15T10:58:09-05:00 2024-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2024-01-01 361848945 ILLINOIS COMMUNITY CREDIT UNION ILLI 8158954541 508 W STATE STREET SYCAMORE IL 60178 SCOTT MCDONALD CFO/EVP 8158954541 2025-05-15 1 0 KATHLEEN M MOSELEY P00116760 6142211120 2025-05-11 2024 2025-03-06 01:10:19Z X BRAIN MANN 508 W STATE STREET SYCAMORE IL 60178 7828538 0 X WWW.MYICCU.ORG X 1935 IL A MEMBER OWNED FINANCIAL INSTITUTION, DEDICATED TO PROVIDING QUALITY PRODUCTS AND SERVICES X 7 7 48 10 0 0 0 0 6808077 7416230 310434 405806 7214 6502 7125725 7828538 2953 2500 0 0 2778362 2976559 0 0 0 4542364 6718856 7323679 9697915 -197954 -1869377 119783398 0 105672221 0 14111177 0 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 10,403 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 ACCOUNTS 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 1,128 LOANS TO MEMBERS, PROVIDING $28,502,596 IN CONSUMER AND RESIDENTIAL LOANS, CREDIT CARDS, FIRST MORTGAGES AND HOME EQUITY LOANS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1739 0 1 48 1 0 0 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 W 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 245920 0 22744 BRIAN MANN CFO 40.00 X 149480 0 30225 ADAM FERGUSON VP OF IT, MARKETING AND OPERATIONS 40.00 X 139758 0 6248 535158 0 59217 3 0 1 0 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROCESSING 443100 CUANSWERS 600 28TH ST SE SUITE 100 GRAND RAPIDS MI 49546 CORE SOFTWARE PROVIDER 327237 2 INTEREST ON LOANS 522100 5335131 5335131 MEMBER FEES 522100 1435995 1435995 DEBT PROTECTION INCOME 522100 237999 237999 407105 407105 7416230 405806 405806 OTHER REVENUE 511200 6502 6502 6502 7828538 7416230 0 412308 2500 467750 2089035 66854 149841 203079 47078 64128 1217208 139832 204791 52028 373301 68223 2684 2270 165394 48176 MEMBERS DIVIDENDS 1992914 LOAN SERVICING 192407 DUES & SUBSCRIPTIONS 156227 PROVISION FOR LOAN LOSS 141633 1850562 9697915 762153 0 8435091 0 0 256465 0 0 0 95873346 0 0 280007 0 0 3822138 0 132502 0 665476 0 0 0 9556220 0 119783398 0 1014171 0 107143 0 104550907 0 105672221 0 X 0 0 0 0 14111177 0 14111177 0 119783398 0 X -1869377 4506 -12246306 X 0 0 0 X 0 0 0 THOR DOLAN CEO 245920 0 0 0 0 0 0 0 22744 0 268664 0 0 0 BRIAN MANN CFO 149480 0 0 0 0 0 0 0 30225 0 179705 0 0 0 CASH 2024-12-31 2144673 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) LOANS OUTSTANDING 2024-12-31 93694639 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) ACCOUNTS RECEIVABLE 2024-12-31 280582 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) INVESTMENTS 2024-12-31 507254 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) FURNITURE, FIXTURES & EQUIPMENT, NET 2024-12-31 3514161 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) PREPAID EXPENSES 2024-12-31 150794 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) ALL OTHER ASSETS 2024-12-31 9847739 VALUE AS OF DECEMBER 31, 2024 370767435 CREDIT UNION 1 200 E CHAMPAIGN AVE RANTOUL IL 618662930 501(C)(14) 0 0 0 0 1 1 1 1 0 SCHEDULE N, PART I THE MERGER WITH CREDIT UNION 1 WAS APPROVED BY THE STATE OF ILLINOIS - SEE ATTACHED. CREDIT UNION 1 ASSUMED THE LIABILITIES OF ILLINOIS COMMUNITY CREDIT UNION DURING THE MERGER WHICH INCLUDED LIABILITY: MEMBERS SHARE OF $97,893,536. 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 XI, LINE 9: TRANSFER OF ASSETS TO CREDIT UNION 1 DURING THE MERGER -12,246,306.