CORPORATE AMERICA FAMILY CREDIT: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
CORPORATE AMERICA FAMILY CREDIT (EIN 36-0760135)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-13
IRS object ID
201601349349301835
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-13T09:30:43-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1801 NICOLLET MALL SUITE 1100AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN360760135EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORPORATE AMERICA FAMILY CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORPBusinessNameControlTxt
Phone8472142000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12075 BIG TIMBER ROADAddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP601231140ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER PAULSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8472142000PhoneNum
Signature2016-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGERALD B KISSELLPreparerPersonNm
PTINP00092658PTIN
Phone6123324300PhoneNum
Preparation2016-05-09PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPETER PAULSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12075 BIG TIMBER ROADAddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP601231140ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$50,693,090GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CAFCU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1939FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionCORPORATE AMERICA FAMILY CREDIT UNION IS A NOT FOR PROFIT, MEMBER OWNED AND DIRECTED FINANCIAL COOPERATIVE DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR ITS MEMBERS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee236TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$26,003,120PYProgramServiceRevenueAmt
CY Program Service Revenue$26,937,708CYProgramServiceRevenueAmt
PY Investment Income$3,664,857PYInvestmentIncomeAmt
CY Investment Income$3,735,088CYInvestmentIncomeAmt
PY Other Revenue$3,213PYOtherRevenueAmt
CY Other Revenue$53,163CYOtherRevenueAmt
PY Total Revenue$29,671,190PYTotalRevenueAmt
CY Total Revenue$30,725,959CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$1,347,503PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,386,333CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$12,818,370PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$13,624,658CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$12,499,703PYOtherExpensesAmt
CY Other Expenses$12,953,709CYOtherExpensesAmt
PY Total Expenses$26,665,576PYTotalExpensesAmt
CY Total Expenses$27,964,700CYTotalExpensesAmt
PY Revenues Less Expenses$3,005,614PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,761,259CYRevenuesLessExpensesAmt
Total Assets BOY$576,896,473TotalAssetsBOYAmt
Total Assets EOY$603,064,564TotalAssetsEOYAmt
Total Liabilities BOY$486,566,335TotalLiabilitiesBOYAmt
Total Liabilities EOY$508,815,488TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$90,330,138NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$94,249,076NetAssetsOrFundBalancesEOYAmt
MissionCORPORATE AMERICA FAMILY CREDIT UNION (CAFCU) IS A NOT FOR PROFIT, MEMBER OWNED AND DIRECTED FINANCIAL COOPERATIVE DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR ITS MEMBERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescRECEIVED DEPOSITS FROM 69,654 MEMBERS. THE CREDIT UNION PROVIDES SAVINGS PRODUCTS TO MEMBERS AT VERY COMPETITIVE RATES INCLUDING REGULAR SHARES, MONEY MARKETS, CERTIFICATES OF DEPOSIT, AND IRA PRODUCTS. THE CREDIT UNION ALSO PROVIDES A VARIETY OF CHECKING ACCOUNTS INCLUDING A TRADITIONAL CHECKING ACCOUNT THAT IS FREE TO OUR MEMBERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVIDED CONSUMER LOANS TO 6,095 MEMBERS. THE TYPES OF CONSUMER LOANS PROVIDED TO THE MEMBERSHIP INCLUDE AUTO LOANS, PERSONAL LOANS AND CREDIT CARDS. CONSUMER LOANS ARE OFFERED AT COMPETITIVE RATES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescPROVIDED FIRST MORTGAGE AND HOME EQUITY LOANS TO 435 MEMBERS. THE TYPES OF FIRST MORTGAGE LOANS OFFERED ARE FIXED RATE AND VARIABLE RATE LOANS. THE HOME EQUITY LOANS ARE ALSO EITHER FIXED RATE OR VARIABLE LINES OF CREDIT.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10167IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee236EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEVE CHRISTIANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8472142012PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12075 BIG TIMBER ROADAddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP601231140ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
PETER PAULSON
PRESIDENT40.00Yes (X)Yes (X)$361,089$0$50,127
COSTANZO MAESTRANZI
CHAIRPERSON1.00Yes (X)Yes (X)$1,020$0$0
KENNETH NAATZ
VICE CHAIRPERSON & SECRETARY1.00Yes (X)Yes (X)$0$0$0
JOHN BLOZIS
TREASURER1.00Yes (X)Yes (X)$0$0$0
BARBARA BECKMAN
DIRECTOR1.00Yes (X)$0$0$0
GLENN BROWN
DIRECTOR1.00Yes (X)$0$0$0
THOMAS RIECK
DIRECTOR1.00Yes (X)$0$0$0
PAULA BLONSKI
DIRECTOR1.00Yes (X)$0$0$0
TORY GUM
DIRECTOR1.00Yes (X)$0$0$0
ELLEN MEEHAN
SENIOR VICE PRESIDENT40.00$162,960$0$32,969Yes (X)
PAULA MCCARTHY
SENIOR VICE PRESIDENT40.00$146,219$0$29,374Yes (X)
ANDREW BOWEN
VP TECHNOLOGY40.00$114,758$0$37,785Yes (X)
EMILY FORNWALL
VP OF FINANCE40.00$106,810$0$29,630Yes (X)
CAROL HOEM
VP RISK MANAGEMENT40.00$107,855$0$28,374Yes (X)
FAITH MYERS
VP OF LENDING40.00$103,681$0$19,886Yes (X)
RICHARD K WELLNER
FORMER PRESIDENT0.00$178,561$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,282,953TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$228,145TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JACK HENRY & ASSOCIATES INC
663 W HIGHWAY 60 PO BOX 807MONETTMO657088215PLASTIC CARD PROVIDER$649,541
FISERV
255 FISERV DRIVE PO BOX 979BROOKFIELDWI530080979CORE SYSTEM PROVIDER$603,675
ACI WORLDWIDE CORPORATION
3520 KRAFT RD STE 300NAPLESFL34105SOFTWARE/SYSTEM PROVIDER$601,155
THE DESIGNER'S DESK
1160 HEATHER DRIVELAKE ZURICHIL60047MARKETING/SUPPLIES$544,242
AT&T
PO BOX 5019CAROL STREAMIL601975019TELEPHONE/DATA PROVIDER$408,700
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K22CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN INCOME522100$19,561,433$19,561,433
FEE INCOME522100$7,376,275$7,376,275
FieldValueIRS element (for citing)
Total Program Service Revenue$26,937,708TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,637,450TotalRevenueColumnAmt
Exclusion$3,637,450ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$17,760,353SecuritiesAmt
Other$2,304,416OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$17,669,897SecuritiesAmt
Other$2,297,234OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$90,456SecuritiesAmt
Other$7,182OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$97,638TotalRevenueColumnAmt
Exclusion$97,638ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER OPERATING INCOMEDesc
Business522100BusinessCd
Total Revenue Column$53,163TotalRevenueColumnAmt
Related Or Exempt Func Income$53,163RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$53,163OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,725,959TotalRevenueColumnAmt
Related Or Exempt Func Income$26,990,871RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,735,088ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,386,333TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$608,165TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,650,470TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$813,534TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,717,910TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$834,579TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$36,000TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$75,000TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$216,133TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$857,423TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$939,727TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,144,768TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,297,136TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$44,393TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$222,492TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$69TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$823,076TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$861,520TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$2,449,487
CREDIT CARD EXPENSES$917,175
CHECKING EXPENSE$584,385
CREDIT BUREAU EXPENSE$156,295

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,328,630TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$27,964,700TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,728,850BOYAmt
EOY$1,805,923EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$41,715,875BOYAmt
EOY$34,916,997EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$317,211,344BOYAmt
EOY$352,153,115EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$933,736BOYAmt
EOY$894,528EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$14,664,968LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$9,110,434LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,985,588BOYAmt
EOY$5,554,534EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,957,032BOYAmt
EOY$13,379,423EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$201,836,466BOYAmt
EOY$190,990,227EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,527,582BOYAmt
EOY$3,369,817EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$576,896,473BOYAmt
EOY$603,064,564EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,723,449BOYAmt
EOY$4,831,832EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$481,842,886BOYAmt
EOY$503,983,656EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$486,566,335BOYAmt
EOY$508,815,488EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$90,330,138BOYAmt
EOY$94,249,076EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$90,330,138BOYAmt
EOY$94,249,076EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$576,896,473BOYAmt
EOY$603,064,564EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,761,259ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,027,269NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,184,948OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$15,171PoliticalExpendituresAmt
Internal Funds Contributed$15,171InternalFundsContributedAmt
Total Exempt Function Expend$15,171TotalExemptFunctionExpendAmt
Form1120 POL FiledYes (1)Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1CREDIT UNION POLITICAL ACTION COUNCILBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11807 WEST DIEHL RDAddressLine1Txt
CityNAPERVILLECityNm
State AbbreviationILStateAbbreviationCd
ZIP605667107ZIPCd
FieldValueIRS element (for citing)
EIN363092340EIN
Paid Internal Funds$15,171PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1:FormAndLineReferenceDesc
ExplanationTHE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CREDIT UNION POLITICAL ACTION COUNCIL THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,215,974OtherCostOrOtherBasisAmt
Book Value$1,215,974BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,422,341OtherCostOrOtherBasisAmt
Depreciation$2,036,372DepreciationAmt
Book Value$2,385,969BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,015,028OtherCostOrOtherBasisAmt
Depreciation$721,778DepreciationAmt
Book Value$293,250BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,011,625OtherCostOrOtherBasisAmt
Depreciation$6,352,284DepreciationAmt
Book Value$1,659,341BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,554,534TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (11 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
FANNIE MAE/FREDDIE MAC/GINNIE MAE/FARMER MAC$127,763,357F
FEDERAL HOME LOAN BANK$2,823,437F
NCUA GUARANTEED NOTE$7,263,530F
NCUSIF DEPOSIT$4,905,946C
PRIVATE EXPORT FUNDING$8,899,482F
INVESTMENT IN ILLINOIS CREDIT UNION LEAGUE$400,100C
FEDERAL FARM CREDIT BUREAU$2,671,454F
US TREASURY$12,919,530F
CERTIFICATES OF DEPOSIT$8,884,000C
BANK OWNED LIFE INSURANCE$10,352,534C
CORPORATE CREDIT UNION CAPITAL$4,106,857C
FieldValueIRS element (for citing)
Total Book Value Securities$190,990,227TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescMEMBER SHARESDesc
Amt$503,983,656Amt
FieldValueIRS element (for citing)
Total Liability$503,983,656TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PETER PAULSON
PRESIDENT$361,089$0$0$0$0$0$24,676$0$25,451$0$411,216$0$0$0
ELLEN MEEHAN
SENIOR VICE PRESIDENT$162,960$0$0$0$0$0$14,762$0$18,207$0$195,929$0$0$0
PAULA MCCARTHY
SENIOR VICE PRESIDENT$146,219$0$0$0$0$0$13,120$0$16,254$0$175,593$0$0$0
ANDREW BOWEN
VP TECHNOLOGY$114,758$0$0$0$0$0$11,298$0$26,487$0$152,543$0$0$0
RICHARD K WELLNER
FORMER PRESIDENT$0$0$0$0$178,561$0$0$0$0$0$178,561$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATRAVEL FOR COMPANIONS/SIGNIFICANT OTHER REIMBURSEMENT FOR BOARD DIRECTORS IS AUTHORIZED IF IT IS REASONABLE, APPROPRIATE, AND NECESSARY TO CARRY ON CREDIT UNION RELATED BUSINESS. SIGNIFICANT OTHER REIMBURSEMENT FOR EMPLOYEES MUST HAVE PRIOR APPROVAL BY THE PRESIDENT/CEO. PAYMENTS FOR TRAVEL EXPENSES OF A SIGNIFICANT OTHER IS CONSIDERED TAXABLE INCOME. HEALTH OR SOCIAL CLUB DUES: THE EMPLOYEE WELLNESS PROGRAM WILL PROVIDE HALF OF THE COST, WITH A MAXIMUM REIMBURSEMENT OF $300, TO EMPLOYEES PARTICIPATING IN ALLOWABLE PROGRAMS THAT CONTRIBUTE TO THEIR OVERALL HEALTH AND WELFARE FOR THE CALENDAR YEAR. ANY REIMBURSEMENT FOR HEALTH CLUB DUES/WELLNESS PROGRAMS ARE INCLUDED AS TAXABLE INCOME.
PART I, LINE 4BRICHARD WELLNER IS THE RETIRED PRESIDENT OF THE CREDIT UNION WHO IS RECEIVING BENEFITS FROM A NON-QUALIFIED DEFERRED COMPENSATION PLAN, WHICH PAYS OVER A TEN YEAR PERIOD. THE COMPENSATION IS APPROPRIATELY REPORTED IN PART VII COLUMN D AND SCHDULE J, PART II, COLUMN (B)(III).

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE 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 COMPETITIVE SHARE AND LOAN RATES.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS 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 7BMEMBERS 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 11THE BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE FORM 990 VIA THE BOARD INTRANET WITH TIME TO REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CCORPORATE AMERICA FAMILY CREDIT UNION HAS A CODE OF PROFESSIONAL STANDARDS, WHICH INCLUDES A SECTION ON AVOIDING CONFLICTS OF INTEREST. THE POLICY IS DISTRIBUTED ANNUALLY AND ALL STAFF AND BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE THE CODE. THE CODE ALSO EXPLAINS WHO TO CONTACT IN SUCH A SITUATION. SELF REPORTING IS EXPECTED. ALL SUBMITTED INFORMATION IS THOROUGHLY INVESTIGATED.
FORM 990, PART VI, SECTION B, LINE 15A SALARY SURVEY IS PREPARED ANNUALLY BY THE HUMAN RESOURCES DEPARTMENT. INFORMATION IS GATHERED FROM INDEPENDENT SOURCES AND IMPACTS ALL POSITIONS IN THE ORGANIZATION. EXECUTIVE MANAGEMENT MEETS WITH HUMAN RESOURCES TO REVIEW GRADE LEVELS AND PAY RANGES FOR ALL EMPLOYEES. THE CHAIRPERSON REVIEWS THE SALARY SURVEY PRIOR TO RECOMMENDING THE CEO'S SALARY. THE CEO'S SALARY IS SUBJECT TO BOARD APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19THE ANNUAL REPORTS ARE AVAILABLE ON THE CREDIT UNION WEBSITE. CONFLICT OF INTEREST POLICY/CODE OF PROFESSIONAL STANDARDS AND GOVERNING DOCUMENTATION ARE AVAILABLE UPON REQUEST. DOCUENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
FORM 990, PART XI, LINE 9:INCOME FROM WHOLLY OWNED SUBSIDIARY -51,447. MERGED EQUITY 2,236,395.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CORPORATE AMERICA FINANCIAL SERVICES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12075 BIG TIMBER ROADAddressLine1Txt
CityELGINCityNm
State AbbreviationILStateAbbreviationCd
ZIP601231140ZIPCd
FieldValueIRS element (for citing)
EIN364108945EIN
Primary ActivitiesINSURANCE/NONMEMBER ACTIVITYPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1CORPORATE AMERICA FAMILY CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$125,013ShareOfTotalIncomeAmt
Share Of EOY Assets$439,052ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CORPORATE AMERICA FINANCIAL SERVICES INC
Q$115,112ARMS LENGTH
CORPORATE AMERICA FINANCIAL SERVICES INC
R$125,013ARMS LENGTH
CORPORATE AMERICA FINANCIAL SERVICES INC
O$61,348ARMS LENGTH

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