2011-04-28T19:00:10-05:00 2010-12-31 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2010-01-01 363047069 HEALTHCARE ASSOCIATES CREDIT UNION HEAL 6305057777 PO BOX 3053 NAPERVILLE IL 605667053 JOSEPH J KREGUL 2011-04-27 true 3128997000 2010 2016-02-24 21:20:13Z JOSEPH J KREGUL PO BOX 3053 NAPERVILLE IL 605567053 15240773 false X WWW.HACU.ORG X COOPERATIVE 1979 IL HEALTHCARE ASSOCIATES CREDIT UNION'S MISSION IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF REASONABLE CREDIT. 10 9 79 9 0 0 14526505 14523258 401570 602852 1190430 114663 16118505 15240773 0 0 0 4949537 5136261 0 0 8882273 8889811 13831810 14026072 2286695 1214701 218310793 228767428 189717195 199405835 28593598 29361593 THE MISSION OF HEALTHCARE ASSOCIATES CREDIT UNION IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF REASONABLE CREDIT. 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. false false true false false false false false false true false 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 false true 7934 0 true 79 true false false false false false false X 10 9 false false false false true true true true true false true true true true true true true true true false true true X JOSEPH J KREGUL 6302765555 1151 E WARRENVILLE ROAD NAPERVILLE IL 60566 JANE E BRANNON 50 X X 257305 0 40243 WILLIAM J HUFF 1 X X 0 0 0 KENNETH J ROJEK 1 X X 0 0 0 MARGARET MCDERMOTT 1 X X 0 0 0 ALBERT LEWIS 1 X 0 0 0 J CHRIS MAHAFFEY 1 X 0 0 0 JOHN F MORGAN 1 X 0 0 0 KENNETH C ROBBINS 1 X 0 0 0 JOHN J YEP 1 X 0 0 0 JOHN J RALEIGH 1 X 0 0 0 JOSEPH J KREGUL 50 X X 166380 0 37511 TODD NIEDERMEIER 50 X 141651 0 33287 VICKI SCHULTZ 50 X 107995 0 20470 BRIAN BULTMAN 50 X 123360 0 36105 796691 0 167616 5 false true false PEMCO TECHNOLOGIES 1100 OLIVE WAY SUITE 150 SEATTLE WA 98101 CARD SERVICES 538024 MICRODYNAMICS GROUP 80 INTERNATIONALE BLVD UNIT C GLENDALE HEIGHTS IL 60139 STATEMENT PROCESSING 225581 ILLINOIS HOSPITAL ASSOCIATION 37092 EAGLE WAY CHICAGO IL 60678 ADMINISTRATIVE SERVICES 208518 VISA USA INC 595 MARKET STREET SAN FRANCISCO CA 94104 CARD BRAND & NETWORK 185998 FISERV 444 COMMERCE ST 100 AURORA IL 60504 SYSTEM DECONVERSION 183194 9 0 Member Loans 10130673 10130673 Share/Check Program 2599150 2599150 ATM/Debit Card Services 1015359 1015359 Credit Card Program 557702 557702 Insurance Program 220374 220374 0 0 0 0 14523258 602852 602852 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 114663 114663 0 0 0 0 114663 15240773 14637921 0 602852 0 964307 2786568 339221 747019 299146 1329 111152 0 187280 343624 585359 340959 477398 123545 494282 70358 Loan Loss Provision 2010679 Dividend Expense 1464157 ATM/Interest Branch Expenses 883285 Loan Expenses 632251 Member Checking Account 286208 877945 14026072 0 0 0 2495030 2434516 45905742 55912236 270235 626519 164810633 158865709 202742 332330 4727722 3401686 1542036 1326036 395880 5737729 0 2688495 3532353 218310793 228767428 1773684 1260942 16612 2283 187926899 198142610 189717195 199405835 X 28593598 29361593 28593598 29361593 218310793 228767428 X 1214701 -446706 X false true true X false 2677 0 2677 2677 true CUPAC 1807 W DIEHL RD NAPERVILLE IL 60563 363092340 2677 0 Description of political campaign activities 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. 0 0 1389465 748659 640806 1193754 815853 377901 2144503 1837174 307329 1326036 MEMBERS' SHARE ACCOUNTS 0 MEMBERS' SHARE ACCOUNTS 198142610 198142610 FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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 IMPACT TO THE CREDIT UNION UPON ADOPTION OF THIS NEW GUIDANCE AS THERE WAS NO ACCRUAL NECESSARY AS OF YEAR END. 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 2010 AND 2009. Other changes in net assets Schedule D, Part XI, Line 8 <OTHERVALUES> <OTHER> <DESCRIPTION>IMPAIRMENT OF MEMBERSHIP SHARES</DESCRIPTION> <AMOUNT>-446706</AMOUNT> </OTHER> </OTHERVALUES> Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d <OTHERVALUES /> Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b <OTHERVALUES /> Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d <OTHERVALUES> <OTHER> <DESCRIPTION>IMPAIRMENT OF MEMBERSHIP SHARES</DESCRIPTION> <AMOUNT>446706</AMOUNT> </OTHER> </OTHERVALUES> Other expenses in form 990 not in audited financial statements Schedule D, Part XII, Line 4b <OTHERVALUES /> X X X X false false false JANE E BRANNON 201732 0 43183 0 12390 0 28712 0 11531 0 297548 0 0 0 JOSEPH J KREGUL 141431 0 20850 0 4099 0 18508 0 19003 0 203891 0 0 0 TODD NIEDERMEIER 121411 0 19650 0 590 0 16087 0 17200 0 174938 0 0 0 BRIAN BULTMAN 104706 0 17900 0 754 0 13553 0 22552 0 159465 0 0 0 Classes of members or stockholders Form 990, Part VI, Section A, Line 6 HEALTHCARE ASSOCIATES CREDIT UNION IS A MEMBER OWNED COOPERATIVE NONPROFIT ORGANIZATION GOVERNED BY A TEN MEMBER 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. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a 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. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b 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. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD ON AN ANNUAL BASIS. EVERY 2-3 YEARS COMPENSATION IS REVIEWED BY AN INDEPENDENT THIRD PARTY WHERE SALARY IS COMPARED TO OTHER CREDIT UNIONS OF SIMILAR SIZE. ONCE THE BOARD APPROVES THE COMPENSATION THIS DECISION IS DOCUMENTED IN THE BOARD MINUTES. Public Disclosure Form 990, Part VI, Section C, Line 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B 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 2010. Other changes in net assets or fund balances Form 990, Part XI, Line 5 IMPAIRMENT OF MEMBERSHIP SHARES - -446706;