2023-05-12T10:21:09-07:00 2022-12-31 990 2022-01-01 362494471 STREATOR ONIZED CREDIT UNION STRE 8156735577 912 N Shabbona Streator IL 61364 Cheryl Davis CFO 8156731589 2023-05-12 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Douglas Patterson 912 N Shabbona Street Streator IL 61364 24041930 0 X socu.org X Cooperative 1939 IL Credit Union will provide quality financial services that will enhance the economic and social well-being of the members and communities that it serves. 7 7 149 7 0 0 0 0 20172712 22915036 278155 493060 16045 17001 20466912 23425097 0 0 0 0 6594250 7450870 0 0 0 8067180 9552742 14661430 17003612 5805482 6421485 322868914 335438347 278056408 284638112 44812506 50800235 Credit Union will provide quality financial services that will enhance the economic and social well-being of the members and communities that it serves. 0 0 Provided consumer loans to 8767 members. Provided 69 real estate loans to members. Received deposits on savings for 3504 new accounts. 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6137 0 1 149 1 1 1 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 Douglas Patterson 8156735577 912 N Shabbona Streator IL 61364 Douglas Patterson CEO 40 0 X 181802 0 35124 Angela Kusnerick COO 40 0 X 129390 0 24980 Mandi Gillman CLO 40 0 X 135136 0 19085 Andrew Threagill CIO 40 0 X 112559 0 29240 Cheryl Davis CFO 40 0 X 129572 0 12054 Michael Ralph Board Member 1 0 X 0 0 0 Tony Miles Board Treasurer 1 0 X 0 0 0 Harry Godfrey Vice Chairman 1 0 X 0 0 0 Don Luckey Board Member 1 0 X 0 0 0 Robert Lee Board Member 1 0 X 0 0 0 Nathan Darrow Secretary 1 0 X 0 0 0 Scott Bulthuis Chairperson 1 0 X 0 0 0 688459 0 120483 5 0 1 0 Vissering Construction Company 175 Benchmark Industrial Drive Streator IL 61364 construction 600132 POS Remarketing Group 1059 N Old Rand Road Wauconda IL 60084 security 283399 Corelation Inc 2350 Historic Decatur Rd Ste 300 San Diego CA 92106 core services 216554 Widmer Interiors 8415 N Allen Road Peoria IL 61615 construction/remodel design 164854 BankJoy 145 S Livernois Rd Suite 261 Rochester Hills MI 48307 online banking 158135 5 0 Loan Interest 522100 16640542 16640542 0 0 Fees and Charges 522100 5695156 5695156 0 0 Insurance and Charges 524298 579338 579338 0 0 0 0 0 0 22915036 490381 490381 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 619512 0 616833 0 2679 2679 2679 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BOD/Mgmt Loan Interest 522100 17001 17001 0 0 0 0 0 0 17001 23425097 23425097 0 0 0 0 0 0 808941 0 5053136 261554 882001 445238 0 8400 57023 0 0 12529 68095 380729 717693 988575 0 319123 13913 0 128643 0 29586 929114 88092 Dividends 1608126 Provision 1885000 Visa Expenses 1428831 Loan Servicing 338366 550904 17003612 0 0 0 5023342 4677093 53424743 36761930 0 0 2325367 2524872 598212 632637 0 0 231761085 267021969 0 0 1622360 2730877 14539031 6602803 7417037 7936228 6250329 6293368 13317589 5167678 0 0 0 0 1128850 1691695 322868914 335438347 2459353 2684787 0 0 0 0 0 0 147 393 0 0 0 0 0 0 275596908 281952932 278056408 284638112 X 0 0 0 0 44812506 50800235 44812506 50800235 322868914 335438347 6421485 -434194 0 0 438 0 X X 1 X 1 X 1 0 2500 0 0 2500 2500 1 Credit Union Political Action Council PO Box 3107 Naperville IL 60566 363092340 2500 0 Schedule C, Part I-A, Line 1 CUPAC political campaign activities. 1 146 5332 5085 393 1 X 0 718888 718888 0 4263109 2420866 1842243 0 92522 41625 50897 0 4289411 2665534 1623877 0 5175101 1474778 3700323 7936228 0 Shares 281952932 281952932 23422418 0 0 0 0 0 23422418 0 2679 2679 23425097 17006291 0 0 0 2679 2679 17003612 0 0 0 17003612 Schedule D, Part IV, Line 1b PMI funds are escrowed. Schedule D, Part IV, Line 2b PMI funds are escrowed. Schedule D, Part XI, Line 4b gain from asset sale Schedule D, Part XII, Line 2d gain from asset sale X 1 1 X X 0 0 0 Douglas Patterson CEO 181802 0 0 0 0 0 0 0 0 0 181802 0 0 0 Schedule J, Part I, Line 1a The credit union will provide reimbursement for companion travel for officers, board and supervisory members of SOCU. The officer, board and supervisory member will receive a 1099-NEC or will be included with wages on W-2. Andrew Threadgill officer real estate X 170000 164635 0 1 1 Andrew Threadgill officer vehicle X 21412 20330 0 1 1 Angela Kusnerick officer vehicle X 25200 18650 0 1 1 Angela Kusnerick officer real estate X 111200 63804 0 1 1 Angela Kusnerick officer unsecured X 24029 23733 0 1 1 Douglas Patterson KEY real estate X 192000 174365 0 1 1 Mandi Gillman officer real estate X 114400 107126 0 1 1 Mandi Gillman officer unsecured X 31646 23344 0 1 1 Mandi Gillman officer vehicle X 42360 31053 0 1 1 Mandi Gillman officer vehicle X 11000 5597 0 1 1 632637 Form 990, Part VI, Section A, Line 6 Organization has members. Form 990, Part VI, Section A, Line 7a Members elect the governing body at the annual meeting. Form 990, Part VI, Section A, Line 7b Decisions of the governing body are subject to the member approval at the annual meeting. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by CFO. Form 990, Part VI, Section B, Line 12c Monitored through scheduling and info provided by the employer by handbook; with board members, any possible conflicts results in the board member(s) not participating in the discussion items. Form 990, Part VI, Section B, Line 15 The CEO's salary is approved by the board of directors after reviewing salary survey and performance. A salary committee establishes a salary schedule for all positions a the credit union after reviewing salary surveys for the compatible job duties. Form 990, Part VI, Section C, Line 19 The conflict of interest policy and governing documents are available upon request. Financial statements are posted monthly at all locations. Form 990, Part XII, Line 2c no changes to oversite or selection process