2022-04-29T11:00:34-05:00 2021-12-31 350921680 CROWE LLP 575 Market Street Suite 3300 San Francisco CA 941055829 990 2021-01-01 363047069 Healthcare Associates Credit Union HEAL 6302765555 PO Box 3053 Naperville IL 605667053 Joseph J Kregul President/CEO 2022-04-29 true Joseph J Kregul 999009999 Diane Kirmaci P01578407 4155761100 2021 2022-09-23 18:48:47Z Joseph J Kregul PO Box 3053 Naperville IL 605667053 19024406 false X www.hacu.org X 1979 IL HealthCare Associates Credit Union's mission is to encourage thrift among its members and create a source of reasonable credit. 11 10 80 12 0 0 0 0 15547169 15040155 2433315 2502340 5336 1481911 17985820 19024406 0 0 0 7216765 6999685 0 0 9683470 8789251 16900235 15788936 1085585 3235470 436191758 470519753 380944375 415245295 55247383 55274458 The mission of Healthcare Associates Credit Union is to encourage thrift among its members and create a source of reasonable credit. false 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. Also, SHAREDRAFT ACCOUNTS ARE OFFERED AT A NO-MONTHLY FEE BASIS TO THOSE MEMBERS WHO APPLY AND ARE IN GOOD STANDING WITH THE CREDIT UNION. As well as, 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. 0 false false true false false false true false true true 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 true 9635 0 true 80 true false false false false false false false false X 11 10 false false true false true true true true true false true true true true true true true true false false true true X Adam DuMoulin 6302765746 1151 E Warrenville Road Naperville IL 60566 Dayla L Randolph VICE CHAIRMAN 1.0 X X 0 0 0 JACK A GILBERT Chairman 1.0 X X 0 0 0 JOSEPH J KREGUL President/CEO 50.0 X X 570242 0 159422 KENNETH J ROJEK Past Chairman, Treasurer/Secretary 1.0 X X 0 0 0 JAMES MARSEILLE DIRECTOR 1.0 X 0 0 0 JOHN F MORGAN Director - Left February 2021 1.0 X 0 0 0 KENNETH C ROBBINS Director 1.0 X 0 0 0 Laura Martinez Director - Beginning April 2021 1.0 X 0 0 0 MARGARET MCDERMOTT Director - Left February 2021 1.0 X 0 0 0 Rashard Johnson Director 1.0 X 0 0 0 Terri L Allen Director 1.0 X 0 0 0 Vince D Keenan Director 1.0 X 0 0 0 WILLIAM J HUFF Director 1.0 X 0 0 0 JENNIFER Marie Albertalli SVP/Strategic Initiatives 50.0 X 194873 0 62355 TODD NIEDERMEIER SVP/COO 50.0 X 269884 0 73844 ADAM T DUMOULIN VP/Controller 50.0 X 155744 0 45873 ELIAN M CABAN VP Member Services 55.0 X 161984 0 18859 SARA CHRISTINE KUCHAR VP Business Technologies 55.0 X 175816 0 40138 Jean Morris AVP Loan Operations 40.0 X 122553 0 28920 Jordan Csepregi VP Marketing 40.0 X 119231 0 14432 Robert Hagglund AVP Enterprise Risk Management 40.0 X 129459 0 18464 1899786 0 462307 9 false true false JACK HENRY & ASSOCIATES INC 663 W hwy 60 monett MO 65708 Core Data Processing System Services 1227084 Alkami Technology 5601 Granite Parkway Suite 120 Plano TX 75024 Website & Internet Banking Services 339925 ANY HOUR MORTGAGE INC 3201 ORCHARD ROAD OSWEGO IL 60543 Mortgage Underwriting Services 262077 DBSI INCORPORATED 6950 W MORELOS PLACE SUITE 1 CHANDLER AZ 85226 Construction & Equip Maintenance 251088 ILLINOIS HOSPITAL ASSOCIATION 37092 EAGLE WAY CHICAGO IL 606781370 Admin, Postage, and Supply Services 242455 13 0 Member Loans 522100 10491507 10491507 Share/Check Program 522100 2029017 2029017 ATM/Debit Card Services 522100 1383456 1383456 Credit Card Program 522100 757928 757928 Insurance Program 522100 378247 378247 0 0 0 0 15040155 2502340 2502340 0 0 0 0 NCUA Distributions 900099 1411841 1411841 MISCELLANEOUS REVENUE 900099 70070 70070 0 0 0 0 1481911 19024406 16522066 0 2502340 1330619 3865069 336348 1079053 388596 46 213086 648296 750091 578857 615196 553975 85123 321246 84210 ATM/Internet Branch Expenses 1603178 Loan expenses 1576728 DIVIDEND EXPENSE 876055 Loan loss provision 337800 545364 15788936 1044614 944572 78346492 38290844 1897407 2939414 0 0 0 0 226994167 249627190 457855 392151 7068130 6031832 1213166 1036298 120867551 171222308 0 5370506 6066976 436191758 470519753 4227640 5039844 93367 143099 362998 472638 0 0 9000000 8500000 367260370 401089714 380944375 415245295 X 55247383 55274458 55247383 55274458 436191758 470519753 X 3235470 -3667401 459006 X false true X true false 0 5414 5414 true CUPAC 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 5414 0 Schedule C, Part I-A, Line 1 Description of Political Activities 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. false true X 1819920 1414073 405847 3496322 2919161 577161 1751888 1698598 53290 1036298 Government Federal Agency Securities 171222308 F 171222308 Members' Share Accounts 401089714 401089714 X 15357005 -3667401 0 -3667401 19024406 0 0 19024406 15788936 0 0 15788936 0 0 15788936 Schedule D, Part IV, Line 2b Explanation of escrow agreement Member's escrowed funds are held in a share account until escrow payments are disbursed. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Credit Union is exempt, by statute, from federal and state income taxes. The Credit Union did not incur any unrelated business income tax in 2021 and 2020. The Internal Revenue Service ("IRS") and certain state taxing authorities are evaluating what, if any, products and services provided by state chartered credit unions or their credit union service organizations are subject to unrelated business income tax ("UBIT"). There is currently very little guidance in the IRS Code on what activities should be subject to UBIT. The IRS has issued certain technical advice memorandums identifying certain activities as being subject to UBIT. As a result, at this time there is uncertainty regarding whether state chartered credit unions should pay income tax on certain types of net taxable income from activities that may be considered by taxing authorities as unrelated to the purpose for which credit unions were granted non-taxable status. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities deemed unrelated to the Credit Union's non-taxable status is not expected to have a material effect on financial position or results of operations. 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 accrual necessary at year-end 2021 and 2020. 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 2021 and 2020. X X false true false JOSEPH J KREGUL President/CEO 327683 0 65620 0 176939 0 145796 0 13626 0 729664 0 153875 0 TODD NIEDERMEIER SVP/COO 197018 0 23144 0 49722 0 42990 0 30854 0 343728 0 27850 0 JENNIFER Marie Albertalli SVP/Strategic Initiatives 157173 0 17802 0 19898 0 31634 0 30721 0 257228 0 19318 0 SARA CHRISTINE KUCHAR VP Business Technologies 161644 0 13184 0 988 0 15312 0 24826 0 215954 0 0 0 ADAM T DUMOULIN VP/Controller 143019 0 11948 0 777 0 13877 0 31996 0 201617 0 0 0 ELIAN M CABAN VP Member Services 148871 0 11948 0 1165 0 6530 0 12329 0 180843 0 0 0 Jean Morris AVP Loan Operations 112873 0 8075 0 1605 0 10639 0 18281 0 151473 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following 457(f) Contributions were made for 2021: Joe Kregul: $121,146 Todd Niedermeier: $22,042 Jennifer Marie Albertalli: $16,184 Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS 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 every 2-3 years. The last third party review took place in 2019. Form 990, Part VI, Line 4 Significant changes to organizational documents Since the prior Form 990 was filed, the organization completed a merger with Silgan White Cap Credit Union. The organization amended their articles of incorporation and their bylaws to include Silgan White Cap Credit Union members and employees in their field of membership. Form 990, Part VI, Line 6 Classes of members or stockholders Healthcare Associates Credit Union is a member owned cooperative nonprofit organization governed by a 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. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body 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. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders 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. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS THOROUGHLY REVIEWED BY THE CFO AND THE CEO. EACH BOARD MEMBER RECEIVES A COPY OF THE RETURN FOR THEIR REVIEW, WITH ANY QUESTIONS ADDRESSED DURING A REGULARLY SCHEDULED BOARD MEETING, PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy 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. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity acquired in merger - 459006;