ILLINOIS COMMUNITY CREDIT UNION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS COMMUNITY CREDIT UNION (EIN 36-1848945)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-17
IRS object ID
201532299349302463
Schema version
2014v5.0
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)
Return2015-08-17T11:32:34-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY 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 Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN361848945EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS COMMUNITY CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone8158954541PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1508 WEST STATE STREETAddressLine1Txt
CitySYCAMORECityNm
State AbbreviationILStateAbbreviationCd
ZIP60178ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTHOR DOLANPersonNm
Person TitleCEOPersonTitleTxt
Phone8158954541PhoneNum
Signature2015-08-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGERALD B KISSELLPreparerPersonNm
PTINP00092658PTIN
Phone6123324300PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOR DOLANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1508 WEST STATE STREETAddressLine1Txt
CitySYCAMORECityNm
State AbbreviationILStateAbbreviationCd
ZIP60178ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,841,199GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.ILCOMCU.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1935FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionILLINOIS 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.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee76TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$8,937,388PYProgramServiceRevenueAmt
CY Program Service Revenue$6,395,893CYProgramServiceRevenueAmt
PY Investment Income$191,410PYInvestmentIncomeAmt
CY Investment Income$227,726CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$39,260CYOtherRevenueAmt
PY Total Revenue$9,128,798PYTotalRevenueAmt
CY Total Revenue$6,662,879CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$688,029PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$463,700CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,563,610PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,180,350CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$8,136,974PYOtherExpensesAmt
CY Other Expenses$2,211,951CYOtherExpensesAmt
PY Total Expenses$11,388,613PYTotalExpensesAmt
CY Total Expenses$4,856,001CYTotalExpensesAmt
PY Revenues Less Expenses-$2,259,815PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,806,878CYRevenuesLessExpensesAmt
Total Assets BOY$86,203,093TotalAssetsBOYAmt
Total Assets EOY$76,861,724TotalAssetsEOYAmt
Total Liabilities BOY$78,991,609TotalLiabilitiesBOYAmt
Total Liabilities EOY$67,761,969TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,211,484NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,099,755NetAssetsOrFundBalancesEOYAmt
MissionILLINOIS 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDED SAVINGS AND CHECKING ACCOUNT SERVICES FOR 13,290 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVIDED $10,602,805 IN CONSUMER AND RESIDENTIAL LOANS TO OUR MEMBERSHIP, WHICH INCLUDES AUTO LOANS, CREDIT CARDS, FIRST MORTGAGES AND HOME EQUITY LOANS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
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 Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1353IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee76EmployeeCnt
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 Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
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 Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
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 Line1BRIAN MANNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8156956405PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1501 W MAIN STAddressLine1Txt
CityGENOACityNm
State AbbreviationILStateAbbreviationCd
ZIP60135ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
DAVID THURWANGER
CHAIR2.00Yes (X)Yes (X)$0$0$0
DOUGLAS LINDGREN
VICE-CHAIR2.00Yes (X)Yes (X)$0$0$0
JANET GOEHST
SECRETARY2.00Yes (X)Yes (X)$0$0$0
RICHARD OTT
TREASURER2.00Yes (X)Yes (X)$0$0$0
THOMAS BROTCKE
DIRECTOR2.00Yes (X)$0$0$0
MARLIN CHAPLIN
DIRECTOR2.00Yes (X)$0$0$0
STEVE ELSIK
DIRECTOR2.00Yes (X)$0$0$0
THOR DOLAN
CEO40.00Yes (X)$132,692$0$15,098
BRIAN MANN
CFO40.00Yes (X)$64,884$0$5,270
P KAY WOODS
INERIM CEO40.00Yes (X)$58,000$0$0
CHARLES BATTAGLIA
CFO40.00Yes (X)$15,569$0$0
ROBERT SCHROEDER
FORMER CEO40.00$133,047$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$404,192TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$20,368TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MCGLADREY LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11252 BELL VALLEY ROAD SUITE 300AddressLine1Txt
CityROCKFORDCityNm
State AbbreviationILStateAbbreviationCd
ZIP61108ZIPCd
FieldValueIRS element (for citing)
ServicesACCOUNTING/AUDITING SERVICESServicesDesc
Compensation$138,529CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST FROM MEMBERS522100$4,871,924$4,871,924
FEES & CHARGES522100$1,139,056$1,139,056
OTHER INCOME522100$284,661$284,661
INSURANCE RELATED ACTI524298$100,252$100,252
FieldValueIRS element (for citing)
Total Program Service Revenue$6,395,893TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$210,216TotalRevenueColumnAmt
Exclusion$210,216ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$9,702SecuritiesAmt
Other$186,128OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$178,320OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$9,702SecuritiesAmt
Other$7,808OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,510TotalRevenueColumnAmt
Exclusion$17,510ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescNCUA SHARE INSURANCE RDesc
Business621990BusinessCd
Total Revenue Column$39,260TotalRevenueColumnAmt
Exclusion$39,260ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$39,260OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,662,879TotalRevenueColumnAmt
Related Or Exempt Func Income$6,395,893RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$266,986ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$463,700TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$291,513TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,579,505TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$33,959TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$101,589TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$173,784TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$98,305TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$146,978TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$117,419TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$97,998TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$212,312TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$253,654TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$239,715TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$20,494TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$137,904TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$49,481TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
THIRD PARTY PROCESSING$347,181
LOAN SERVICING$247,141
PROVISION FOR LOAN LOSS$100,000

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$143,369TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,856,001TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,389,001BOYAmt
EOY$796,991EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$11,909,068BOYAmt
EOY$9,995,250EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$57,412,753BOYAmt
EOY$44,919,248EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$33,485BOYAmt
EOY$75,441EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,751,029LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,538,127LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,530,856BOYAmt
EOY$1,212,902EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$12,269,523BOYAmt
EOY$18,401,305EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,658,407BOYAmt
EOY$1,460,587EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$86,203,093BOYAmt
EOY$76,861,724EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$357,422BOYAmt
EOY$363,409EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$78,634,187BOYAmt
EOY$67,398,560EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$78,991,609BOYAmt
EOY$67,761,969EOYAmt
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$7,211,484BOYAmt
EOY$9,099,755EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,211,484BOYAmt
EOY$9,099,755EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$86,203,093BOYAmt
EOY$76,861,724EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,806,878ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$81,393NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$378,654OtherCostOrOtherBasisAmt
Book Value$378,654BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,329,463OtherCostOrOtherBasisAmt
Depreciation$712,465DepreciationAmt
Book Value$616,998BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,042,912OtherCostOrOtherBasisAmt
Depreciation$1,825,662DepreciationAmt
Book Value$217,250BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,212,902TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
NEW YORK LIFE INSURANCE$3,500,235C
INSURED BANK CDS$12,746,709C
ALLOYA INVESTMENT$211,505C
AFS AGENCY SECURITIES$1,942,856C
FieldValueIRS element (for citing)
Total Book Value Securities$18,401,305TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSHARES/DRAFTS/CDSDesc
Amt$67,398,560Amt
FieldValueIRS element (for citing)
Total Liability$67,398,560TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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

FieldValueIRS element (for citing)
PersonROBERT SCHROEDERPersonNm
TitleFORMER CEOTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$133,047OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$133,047TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$133,047CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4BFormAndLineReferenceDesc
ExplanationROBERT SCHRODER, FORMER CEO, PARTICIPATED IN A NONQUALIFIED 457(F) RETIREMENT PLAN. HE RECEIVED A DISTRIBUTION OF $133,047 IN 2014; ALL OF WHICH WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990S.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 6:THE 10 VOLUNTEERS REPORTED CONSIST OF 7 BOARD MEMBERS AND 3 SUPERVISORY COMMITTEE MEMBERS.
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 CASH DIVIDENDS.
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 CEO AND CFO REVIEW FORM 990 PRIOR TO FILING WITH IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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.
FORM 990, PART VI, SECTION B, LINE 15INDUSTRY DATA OF OUR PEER GROUP IS EVALUATED ALONG WITH CURRENT ECONOMIC CONDITIONS BY A COMMITTEE OF THREE DIRECTORS. AN OVERALL PERCENTAGE IS DERIVED AND OCCASSIONALLY THE COMMITTEE WILL MAKE RECOMMENDATIONS FOR INDIVIDUAL KEY EMPLOYEES.
FORM 990, PART VI, SECTION C, LINE 19THE 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.

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