FINANCIAL PLUS CREDIT UNION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL PLUS CREDIT UNION (EIN 36-2282191)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-16
- IRS object ID
- 202231369349304973
- Schema version
- 2021v4.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-16T10:26:33-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362282191 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL PLUS CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % JEAN MCDONALD | InCareOfNm |
| Business Name Control | FINA | BusinessNameControlTxt |
| Phone | 8154331496 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 CHESTNUT STREET | AddressLine1Txt |
| City | OTTAWA | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61350 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEAN MCDONALD | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8154331496 | PhoneNum |
| Signature | 2022-05-16 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JEAN | PersonFirstNm |
| Person Last | MCDONALD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIMOTHY N O'DONNELL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 CHESTNUT STREET | AddressLine1Txt |
| City | OTTAWA | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61350 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,526,978 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.financialplus.org | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | COOPERATIVE | OtherOrganizationDsc |
| Formation | 1951 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELLBEING BY PROVIDING LOANS SAVINGS ACCOUNTS AND OTHER FINANCIAL SERVICES | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 153 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,096,135 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,413,956 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,181,206 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,021,984 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $17,277,341 | PYTotalRevenueAmt |
| CY Total Revenue | $18,435,940 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,093,324 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,440,376 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,574,962 | PYOtherExpensesAmt |
| CY Other Expenses | $8,675,513 | CYOtherExpensesAmt |
| PY Total Expenses | $14,668,286 | PYTotalExpensesAmt |
| CY Total Expenses | $15,115,889 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,609,055 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,320,051 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $397,647,993 | TotalAssetsBOYAmt |
| Total Assets EOY | $450,128,379 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $345,300,924 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $395,326,307 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $52,347,069 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $54,802,072 | NetAssetsOrFundBalancesEOYAmt |
| Mission | EXCEPTIONAL SERVICE TO MEMBERS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDED 6,481 NEW LOANS TO MEMBERS DURING 2021 TOTALING $112,607,267. THIS INCLUDES REAL ESTATE, HOME EQUITY, AND CONSUMER LOANS | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVIDED 21,497 SHARE DRAFT CHECKING ACCOUNTS WITH RELATED SERVICES TO OUR MEMBERS | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROVIDED 6,441 MEMBERS WITH VISA CREDIT CARDS. THE REVOLVING LINES OF CREDIT ON THESE CARDS TOTAL $24,809,130 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4956 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 153 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FIELDING A LOCKAS | PersonNm |
| Phone | 8154331496 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 CHESTNUT STREET | AddressLine1Txt |
| City | OTTAWA | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 61350 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| TIMOTHY O'DONNELL | ||||||
| PRESIDENTCEO | 40.00 | Yes (X) | $303,698 | $0 | $31,078 | |
| PETER FAUTH | ||||||
| EXECUTIVE VP | 40.00 | Yes (X) | $222,981 | $0 | $27,346 | |
| DIANNE BANGERT | ||||||
| VPCOO | 40.00 | Yes (X) | $132,876 | $0 | $24,931 | |
| JEAN MCDONALD | ||||||
| VPCFO | 40.00 | Yes (X) | $137,716 | $0 | $18,205 | |
| KATHLEEN JENKINS | ||||||
| VPLENDING | 40.00 | Yes (X) | $116,315 | $0 | $22,740 | |
| THOMAS GREGOR | ||||||
| VPCIO | 40.00 | Yes (X) | $126,144 | $0 | $16,304 | |
| GILBERT MEYER | ||||||
| SUPERVISORY COMMITTEE | 2.000 | $0 | $0 | $0 | Yes (X) | |
| PAUL SWEEDEN | ||||||
| SUPERVISORY COMMITTEE | 2.000 | $0 | $0 | $0 | Yes (X) | |
| ANTHONY QUIGLEY | ||||||
| SUPERVISORY COMMITTEE | 2.000 | $0 | $0 | $0 | Yes (X) | |
| CHAD COX | ||||||
| BOARD SECRETARY | 2.000 | $0 | $0 | $0 | Yes (X) | |
| VINCENT KOZSDIY | ||||||
| BOARD CHAIR | 2.000 | $0 | $0 | $0 | Yes (X) | |
| JOSEPH NAVARRO | ||||||
| VICE CHAIR | 2.000 | $0 | $0 | $0 | Yes (X) | |
| THOMAS BRETAG | ||||||
| BOARD TREASURER | 2.000 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,039,730 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $140,604 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE REDMOND COMPANY | |||||
| W228 N745 WESTMOUND DR | WAUKESHA | WI | 53186 | DESIGN CONSULTING | $10,241,971 |
| FISERV INC | |||||
| PO BOX 934057 | ATLANTA | GA | 31193 | COMPUTER SERVICES | $934,410 |
| BLUECROSS BLUESHIELD OF IL | |||||
| PO BOX 650615 | DALLAS | TX | 75265 | EMPLOYEE HEALTH INSURANCE | $741,472 |
| NCR CORPORATION | |||||
| PO BOX 740641 | LOS ANGELES | CA | 90074 | INTERNET BANKING | $716,364 |
| CREATIVE SERVICES | |||||
| 4130 PLANK ROAD | PERU | IL | 61354 | MARKETING AND STATEMENTS | $243,696 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON LOANS | 522291 | $10,504,445 | $10,504,445 |
| DRAFTDEBIT INCOME | 522210 | $3,820,218 | $3,820,218 |
| VISA CREDIT CARD INC | 522210 | $612,044 | $612,044 |
| OTHER LOAN INCOME | 522291 | $818,873 | $818,873 |
| ACCIDENTAL DEATH INS | 524298 | $46,685 | $46,685 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,611,691 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,611,691 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,413,956 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,035,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,035,863 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $77,159 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $91,038 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$13,879 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$13,879 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$13,879 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,435,940 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,435,940 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,180,334 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,734,537 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,095 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $788,570 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $359,840 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,700 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,552 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,781 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $888,063 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,452,470 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $572,603 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,699 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,765 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,514,007 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,979 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DIVIDENDS ON SHARES | $850,832 |
| DRAFT DEBIT & ATM EXCEPTIONS | $1,293,170 |
| LOAN COLLECTION & PROVISION | $1,348,464 |
| MISCELLANEOUS EXPENSES | $143,428 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,115,889 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,867,038 | BOYAmt |
| EOY | $6,327,598 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,450,651 | BOYAmt |
| EOY | $64,847,267 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,345,993 | BOYAmt |
| EOY | $237,057,490 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,339 | BOYAmt |
| EOY | $516,715 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $23,688,746 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,822,327 | BOYAmt |
| EOY | $23,688,746 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,018,301 | BOYAmt |
| EOY | $64,846,677 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,647,344 | BOYAmt |
| EOY | $52,843,886 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,647,993 | BOYAmt |
| EOY | $450,128,379 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,271,923 | BOYAmt |
| EOY | $3,586,360 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $15,956 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $342,029,001 | BOYAmt |
| EOY | $391,723,991 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $345,300,924 | BOYAmt |
| EOY | $395,326,307 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,347,069 | BOYAmt |
| EOY | $54,802,072 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,347,069 | BOYAmt |
| EOY | $54,802,072 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,647,993 | BOYAmt |
| EOY | $450,128,379 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,320,051 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$865,048 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $5,500 | PoliticalExpendituresAmt |
| Internal Funds Contributed | $5,500 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $5,500 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUPAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1807 WEST DIEHL ROAD PO BOX 3107 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 605667107 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363092340 | EIN |
| Paid Internal Funds | $5,500 | PaidInternalFundsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,377,540 | OtherCostOrOtherBasisAmt |
| Book Value | $4,377,540 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,288,661 | OtherCostOrOtherBasisAmt |
| Book Value | $6,288,661 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,643,114 | OtherCostOrOtherBasisAmt |
| Book Value | $1,643,114 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,379,431 | OtherCostOrOtherBasisAmt |
| Book Value | $11,379,431 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,688,746 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CERTIFICATES OF DEPOSIT | $28,550,000 |
| CLF CAPITAL STOCK SUBSCRIPTION | $897,993 |
| INVESTMENTSNCUSIF | $3,697,179 |
| EXCESS SHARE INSURANCE DEPOSIT | $150,000 |
| ACCRUED INCOME | $843,807 |
| OTHER ASSETS | $18,704,907 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $52,843,886 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SHARES | Desc |
| Amt | $391,723,991 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $391,723,991 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | P4, Ln 2 | FormAndLineReferenceDesc |
| Explanation | MEMBER'S ESCROW FOR PRIVATE MORTGAGE INSURANCE PREMIUMS | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| TIMOTHY O'DONNELL | |||||
| PRESIDENTCEO | $240,398 | $63,300 | $11,224 | $19,854 | $334,776 |
| PETER FAUTH | |||||
| EXECUTIVE VP | $174,981 | $48,000 | $5,195 | $22,151 | $250,327 |
| DIANNE BANGERT | |||||
| VPCOO | $104,076 | $28,800 | $5,199 | $19,732 | $157,807 |
| JEAN MCDONALD | |||||
| VPCFO | $108,421 | $29,295 | $5,396 | $12,809 | $155,921 |
| KATHLEEN JENKINS | |||||
| VPLENDING | $91,115 | $25,200 | $4,642 | $18,098 | $139,055 |
| THOMAS GREGOR | |||||
| VPCIO | $98,964 | $27,180 | $4,907 | $11,397 | $142,448 |
| GILBERT MEYER | |||||
| SUPERVISORY COMMITTEE | |||||
| PAUL SWEEDEN | |||||
| SUPERVISORY COMMITTEE | |||||
| ANTHONY QUIGLEY | |||||
| SUPERVISORY COMMITTEE | |||||
| CHAD COX | |||||
| BOARD SECRETARY | |||||
| VINCENT KOZSDIY | |||||
| BOARD CHAIR | |||||
| JOSEPH NAVARRO | |||||
| VICE CHAIR | |||||
| THOMAS BRETAG | |||||
| BOARD TREASURER | |||||
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | CREDIT UNION PAYS FOR TIM O'DONNELL'S COUNTRY CLUB MEMBERSHIP DUES |
| Part I, Line 1a | PURSUANT TO WRITTEN CONTRACT, WITH ALL EXPENSES APPROVED BY THE |
| Part I, Line 1a | SUPERVISORY COMMITTEE OF THE BOARD OF DIRECTORS. |
| Part I, Line 1a | CREDIT UNION PAYS FOR TIM O'DONNELL'S SPOUSAL TRAVEL, PURSUANT TO |
| Part I, Line 1a | WRITTEN POLICY IN HIS CONTRACT, APPROVAL BY THE SUPERVISORY COMMITTEE |
| Part I, Line 1a | OF THE BOARD OF DIRECTORS, AND REPORTED ON A W-2, IF APPLICABLE |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 6 | GENERAL MEMBERSHIP-MEMBERS/OWNERS OF THE CREDIT UNION |
| Part VI Line 7a | EACH MEMBER GETS 1 VOTE PER $1.00 PAR SHARE DEPOSITED IN THE CREDIT UNION |
| Part VI Line 7b | MEMBERS VOTE ON ALL ISSUES AT AN ANNUAL MEETING, OR SPECIAL MEMBERSHIP |
| Part VI Line 11b | 990 IS PREPARED BY THE CFO AND REVIEWED WITH OFFICERS, |
| Part VI Line 11b | BOARD OF DIRECTORS, AND EXTERNAL AUDITORS |
| Part VI Line 15a or b | ALL EMPLOYEES, INCLUDING OFFICERS GO THROUGH AN ANNUAL PERFORMANCE EVAL AND |
| Part VI Line 15a or b | ARE GIVEN WAGE INC. BASED ON PERFORMANCE SUBJ. TO INDEPENDENT SURVEY |
| Part VI Line 19 | FINANCIAL STATEMENTS AND 990 ARE AVAILABLE UPON REQUEST. ANNUAL REPORTS, |
| Part VI Line 19 | INCLUDING YEAR END F/S AND REPORTS ARE AVAILABLE IN OFFICE OR ON WEBSITE. |