2023-04-27T19:35:23Z 2022-12-31 990 2022-01-01 370771458 ILLINOIS EDUCATORS CREDIT UNION ILLI 2175282642 3101 Montvale Drive SPRINGFIELD IL 62704 Jody Dabrowski CEO 2175282642 2023-04-27 2022 2023-04-26 12:10:37Z Jody Dabrowski 3101 Montvale Drive Springfield IL 62704 5097247 false X www.iecumembers.org X 1938 IL The Illinois Educators Credit Union operates to assist its members by providing loans, deposit accounts, and other financial services for the benefit of the entire membership. 12 12 42 0 0 0 0 3494833 4329297 90453 767950 0 0 3585286 5097247 0 0 0 0 1223054 1433876 0 0 0 1681556 2082719 2904610 3516595 680676 1580652 80007252 100277471 72189004 89732087 7818248 10545384 The Illinois Educators Credit Union operates to assist its members by providing loans, deposit accounts, and other financial services for the benefit of the entire membership. false false The Credit Union has various types of deposit accounts available for its members. As of 12/31/2022 the Credit Union had 8,997 members. The Credit Union has several types of loan programs available for its members. The Credit Union funded 1,778 new loans during 2022. As of 12/31/2022 the Credit Union had 5,038 outstanding loans to its members. 0 false false false false false false false false false true false false false true false false 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 1157 0 true 42 true false false false false false false false false X 12 12 false false true false true true true true true false true true false true true true true true true true false X Jody Dabrowski 2175282642 3101 Montvale Drive Springfield IL 62704 Jody Dabrowski CEO 40.00 0.00 X 206352 0 9175 Paul Gaumer COO 40.00 0.00 X 134077 0 16722 Cinda Klickna Chairperson 1.00 0.00 X X 0 0 0 Tiffany Williams Vice Chair 1.00 0.00 X X 0 0 0 Richard Eggleston Secretary 1.00 0.00 X X 0 0 0 John Meyer Treasurer 1.00 0.00 X X 0 0 0 James Korte Director 1.00 0.00 X 0 0 0 Richard Bowen Jr Director 1.00 0.00 X 0 0 0 Daryl Morrison Director 1.00 0.00 X 0 0 0 Jeff Vose Director 1.00 0.00 X 0 0 0 Laura Jordan Director 1.00 0.00 X 0 0 0 Sandy Davin Director 1.00 0.00 X 0 0 0 Rob Meagher Director 1.00 0.00 X 0 0 0 Greg Stock Director 1.00 0.00 X 0 0 0 340429 0 25897 2 false true false Fiserv PO Box 934057 Atlanta GA 311934057 Core processor 430524 Financial Supermarkets Inc PO Box 1450 Comelia GA 30531 Capital improvements project 165413 2 0 0 0 0 0 0 0 0 Loan Interest 522130 2751562 2751562 Fees and Charges 522130 1133504 1133504 Interchange Income 522130 444231 444231 4329297 355710 355710 412240 412240 5097247 5097247 0 0 375870 375870 880329 880329 16489 16489 63962 63962 97226 97226 8167 8167 11466 11466 157383 157383 54643 54643 171580 171580 243145 243145 151544 151544 23891 23891 55640 55640 216117 216117 154412 154412 27661 27661 ATM/Debit Expenses 330296 330296 Loan Servicing Expenses 108774 108774 Provision for Consumer Loan Loss 204500 204500 VISA Operating Expenses 76277 76277 87223 87223 3516595 3516595 0 0 482093 519380 3993775 4625305 0 0 65496 81406 0 0 0 0 60252082 75987469 0 0 515316 611145 3278614 661150 1738254 2617464 11715288 13827103 0 486693 1244948 1521506 80007252 100277471 2832935 4497269 69356069 85234818 72189004 89732087 X 7818248 10545384 7818248 10545384 80007252 100277471 X 1580652 1146484 X false false false 303800 303800 2167028 190797 1976231 807786 470353 337433 2617464 Member's Share Accounts 85234818 85234818 false false false Jody Dabrowski CEO 157249 19103 30000 7302 1873 215527 Part VI, Line 11b Form 990 is prepared by Controller of the Credit Union who is a licensed CPA with the State of Illinois. CEO reviews worked performed by Controller for accuracy and completeness. The Form 990 are made available to the Board of Directors for review. Part VI, Line 12c Employee loans are management approved. Management loans are board approved. Loans to board members are approved by the board with the member applying abstaining from approval. Part VI, Line 15a Executive salaries are board reviewed and approved. Board of directors are not compensated. Part VI, Line 15b Executive salaries are board reviewed and approved. Board of directors are not compensated. Part VI, Line 19 The Credit Union bylaws and conflict of interest policy are available upon request at the Credit Union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public. Quarterly financial performance (Call Reports) reports are also available at www.NCUA.gov for all federally insured credit unions. Part VI, Line 4 The Credit Union merged with the Champaign County School Employees Credit Union effective August 1, 2022. Merger resulted in addition of Champaign and Urbana counties to the field of membership of the Credit Union. Part VI, Line 6 Section 501(c)(14) Credit Union is composed of members. Part VI, Line 7a The governing body is elected from and by the membership. Part VI, Line 7b Members vote on bylaw and charter changes. Members cote and elect board members at annual meeting. Part XI, Line 9 Equity acquired from merger with Champaign County School Employees Credit Union.