2017-05-02T14:00:32-05:00 2016-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2016-01-01 363047069 Healthcare Associates Credit Union HEAL 6302765555 PO Box 3053 Naperville IL 605667053 Joseph J Kregul President/CEO 2017-04-19 true Nicole Bencik P00756195 3128997000 2016 2022-09-23 18:48:47Z Joseph J Kregul PO Box 3053 Naperville IL 605667053 20271522 false X www.hacu.org X 1979 IL HealthCare Associates Credit Union's mission is to encourage thrift among its members and create a source of reasonable credit. 14 13 84 13 0 0 0 0 13614012 13841976 1286029 2017857 16693 11213 14916734 15871046 0 0 0 0 6061773 6593951 0 0 0 6528509 7204470 12590282 13798421 2326452 2072625 304335967 323628773 261083149 279037017 43252818 44591756 The mission of Healthcare Associates Credit Union is to encourage thrift among its members and create a source of reasonable credit. false false LOANS ARE GRANTED TO INDIVIDUALS WHO ARE MEMBERS THAT ARE IN GOOD STANDING WITH THE CREDIT UNION AND WHO QUALIFY FOR SUCH LOANS. LOANS PROVIDED CONSIST OF HOME EQUITY, CREDIT CARD, AND VEHICLE LOANS. SHAREDRAFT ACCOUNTS ARE OFFERED AT A NO-MONTHLY FEE BASIS TO THOSE MEMBERS WHO APPLY AND ARE IN GOOD STANDING WITH THE CREDIT UNION. ATM/DEBIT CARDS AND CHECKCARDS ARE AVAILABLE TO MEMBERS WHO APPLY FOR ELECTRONIC ACCESS TO THEIR ACCOUNTS FOR DEPOSIT AND WITHDRAWAL OF FUNDS AND ACCOUNT INFORMATION. 0 false false true false false false false false false true true false false true true true 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 6337 0 true 84 true false false false false false false X 14 13 false false true false true true true true true false false true true true true true true true false true true X Eric Harvell 6302765744 1151 E Warrenville Road Naperville IL 60566 JOSEPH J KREGUL President/CEO 50.0 X X 339329 0 135513 JACK A GILBERT TREASURER/SECRETARY 1.0 X X 0 0 0 KENNETH J ROJEK Chairman 1.0 X X 0 0 0 Dayla L Randolph VICE CHAIRMAN 1.0 X X 0 0 0 J CHRIS MAHAFFEY Director 1.0 X 0 0 0 ALBERT LEWIS Director 1.0 X 0 0 0 KENNETH C ROBBINS Director 1.0 X 0 0 0 JOHN SCARANO Director 1.0 X 0 0 0 MARGARET MCDERMOTT DIRECTOR 1.0 X 0 0 0 Terri L Allen Director 1.0 X 0 0 0 Vince D Keenan Director 1.0 X 0 0 0 JAMES MARSEILLE DIRECTOR 1.0 X 0 0 0 JOHN F MORGAN DIRECTOR 1.0 X 0 0 0 WILLIAM J HUFF Past Chairman 1.0 X 0 0 0 TODD NIEDERMEIER Vice President 50.0 X 192937 0 62290 ERIC HARVELL SVP/CFO 50.0 X 196667 0 42975 JENNIFER KLEINHENZ SVP/Strategic Initiatives 50.0 X 121042 0 20880 SARA CHRISTINE KUCHAR AVP Business Technologies 55.0 X 131326 0 36679 ELIAN M CABAN AVP Member Services 55.0 X 115093 0 30357 ADAM T DUMOULIN AVP/Controller 50.0 X 114632 0 39597 NORMA CANTRELL Director Business Development 40.0 X 110990 0 20992 JEAN MORRIS Asst Vice President of Loan Operations 40.0 X 103256 0 33008 1425272 0 422291 9 false true false JACK HENRY PAYMENT PROCESSING SOLUTIONS 1100 OLIVE WAY SUITE 150 SEATTLE WA 98101 CARD SERVICES 581138 VISA USA INC 595 MARKET STREET SAN FRANCISCO CA 94104 CARD BRAND & NETWORK 254752 ILLINOIS HOSPITAL ASSOCIATION 37092 EAGLE WAY CHICAGO IL 60678 ADMINISTRATIVE SERVICES 222487 JACK HENRY & ASSOCIATES INC 309 E Cleveland St monett MO 65708 Core Data Processing System Services 218494 FISERV Inc 255 Fiserv Drive Brookfield WI 53045 website and internet banking services 152608 10 0 Member Loans 522100 8869808 8869808 Share/Check Program 522100 2622809 2622809 ATM/Debit Card Services 522100 1266898 1266898 Credit Card Program 522100 751645 751645 Insurance Program 522100 330816 330816 0 0 0 0 13841976 1961193 1961193 0 0 4457140 4400476 0 56664 0 56664 56664 MISCELLANEOUS REVENUE 900099 11213 11213 0 0 0 0 11213 15871046 13853189 0 2017857 0 1402126 3824086 135861 871142 360736 16732 149934 715389 0 0 0 480165 611460 346567 472243 195731 517290 81243 ATM/Internet Branch Expenses 1348217 Loan Expenses 1079275 Dividend Expense 598830 Loan Loss provision 240000 351394 0 0 0 13798421 0 0 0 2080072 2834102 50757320 31577856 208742 196127 0 0 0 172697547 181901244 426403 395768 7288412 6760185 909426 528227 72395813 100589689 0 4860644 5605760 304335967 323628773 1547623 2023474 10495 7574 259525031 277005969 261083149 279037017 X 43252818 44591756 43252818 44591756 304335967 323628773 2072625 -733687 0 X false true X true false 0 5288 5288 true CUPAC 1807 W DIEHL RD NAPERVILLE IL 60563 363092340 5288 0 Schedule C, Part I-A, Line 1 Schedule C, Part I-A, Line 1 HEALTHCARE ASSOCIATES CREDIT UNION CONTRIBUTED INTO A PAC WITH CUPAC FOR THE CALENDAR YEAR. A SEPARATE FORM 1120-POL WAS FILED TO PAY THE REQUIRED TAX ON THIS AMOUNT. 1639579 1589835 49744 3578098 3306149 271949 2070735 1864201 206534 528227 Government Federal Agency Securities 100409751 F Investment in CUSO 179938 F 100589689 Members' Share Accounts 277005969 277005969 X 15137359 -733687 0 -733687 15871046 0 0 15871046 13798421 0 0 13798421 0 0 13798421 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. There was no accrual necessary at year-end 2016 and 2015. The Credit Union recognizes interest and/or penalties related to income tax matters in the operations section of the statement of income. No interest or penalties were incurred during 2016 and 2015. X X false true false JOSEPH J KREGUL President/CEO 264807 0 54200 0 20322 0 124999 0 10514 0 474842 0 0 0 TODD NIEDERMEIER Vice President 167909 0 23786 0 1242 0 39291 0 22999 0 255227 0 0 0 ERIC HARVELL SVP/CFO 172309 0 23548 0 810 0 38913 0 4062 0 239642 0 0 0 SARA CHRISTINE KUCHAR AVP Business Technologies 118984 0 12000 0 342 0 14422 0 22257 0 168005 0 0 0 ADAM T DUMOULIN AVP/Controller 103599 0 10700 0 333 0 12555 0 27042 0 154229 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following 457(f) Contributions were made for 2016: Joe Kregul $94,010 Todd Niedermeier $17,000 Eric Harvell $16,800 Jennifer Kleinhenz $12,000 Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS The President reviews and approves the compensation for other officers reported in Part VII. Salary comparisons are performed against other credit unions of similar size. This process is performed annually during the month of May. The last review performed was May 2016. Form 990, Part VI, Line 4 Significant changes to organizational documents The organization's Bylaws were amended during the 2016 year and included the following significant changes: 1. The number of members of of the Executive Committee increased from 5 to 7. 2. The number of members of of the Supervisory Committee increased from 4 to 5. Form 990, Part VI, Line 6 Classes of members or stockholders Healthcare Associates Credit Union is a member owned cooperative nonprofit organization governed by a board of directors. The board is comprised of active members of the credit union who are appointed by the membership through a democratic election process. Membership includes employees and their family members of the Illinois Hospital Association (IHA) and its subsidiaries, organizations that are members of the IHA and people residing or working in certain geographical limits of Cook and DuPage counties of Illinois. For all decisions outside the election of the board of directors, each member is given one vote to cast on the issue at hand. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Members have the right to elect the board of directors of the organization. All voting on the election of directors shall be by ballot. Every member has the right to vote the number of shares they own for as many persons as there are directors to be elected. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders At any membership meeting, a majority of the members present may direct the board to consider policies proposed by the members, or reconsider any decision of the directors or committees. Furthermore, the members must approve of any consolidations or mergers. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is thoroughly reviewed by the CFO and the CEO. Management also reviewed the return with the Chair of the credit union's Supervisory Committee before it was timely filed. Each board member also received a copy of the return prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Annually all interested persons, including the full governing body, sign a Statement of Disclosure of Conflicts of Interest questionnaire to disclose potential conflicts between themselves and the credit union. Internal management reviews the questionnaires and monitors and enforces compliance of this policy at its annual organizational meeting. If a conflict is present, the board member with the conflict abstains from voting on the particular issue in question. Form 990, Part VI, Line 15a Process to establish compensation of top management official The CEO's Compensation is reviewed and approved by the Board of Directors on an annual basis. Every 2-3 years, compensation is reviewed by an independent 3rd party where salary is compared to other credit unions of similar size (which was performed in 2015). Once the Board approves the compensation this decision is documented in the Board minutes. The last review was May 2016. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.