2021-11-15T10:42:59-06:00 2020-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2020-01-01 361848945 ILLINOIS COMMUNITY CREDIT UNION ILLI 8158954541 508 WEST STATE STREET SYCAMORE IL 60178 BRIAN MANN CFO 8158954541 2021-11-15 1 BRIAN MANN 999009999 MARY A COATES CPA P00134220 7158453111 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN MANN 508 WEST STATE STREET SYCAMORE IL 60178 5807185 0 X WWW.MYICCU.ORG X 1935 IL ILLINOIS COMMUNITY CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION, DEDICATED TO PROVIDING QUALITY PRODUCTS AND SERVICES THAT MEET THE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 7 7 46 10 0 0 0 0 5506577 5613663 82603 70704 26718 117540 5615898 5801907 1620 5036 0 0 2073042 2087821 0 0 0 3299621 3245954 5374283 5338811 241615 463096 98661741 106077011 86663970 93587423 11997771 12489588 ILLINOIS COMMUNITY CREDIT UNION IS A MEMBER OWNED FINANCIAL INSTITUTION, DEDICATED TO PROVIDING QUALITY PRODUCTS AND SERVICES THAT MEET THE NEEDS OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 0 0 PROVIDED SAVINGS AND CHECKING ACCOUNT SERVICES FOR 10,583 MEMBERS. THESE ACCOUNTS INCLUDE CHRISTMAS CLUB ACCOUNTS FOR MEMBERS TO AUTOMATICALLY SET ASIDE A FIXED AMOUNT EACH MONTH, TO BE TRANSFERRED INTO THEIR REGULAR SAVINGS ACCOUNT IN NOVEMBER OF EACH YEAR. WE ALSO PROVIDE CHECKING ACCOUNTS FOR PEOPLE THAT NORMALLY WOULDN'T QUALIFY FOR CHECKING ACCOUNTS DUE TO NEGATIVE EVENTS IN THEIR PAST BANKING HISTORY, ALONG WITH OTHER CHECKING ACCOUNTS BASED ON WHERE A MEMBER MAY BE IN THEIR FINANCIAL LIFE. ORIGINATED 1,353 LOANS TO MEMBERS, PROVIDING $36,221,920 IN CONSUMER AND RESIDENTIAL LOANS, CREDIT CARDS, FIRST MORTGAGES AND HOME EQUITY LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1436 0 1 46 1 0 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 BRIAN MANN 8156956405 501 WEST MAIN STREET GENOA IL 60135 THOR DOLAN CEO 40.00 X 189052 0 27982 BRIAN MANN CFO 40.00 X 103248 0 21435 DAVID THURWANGER CHAIR 2.00 X X 0 0 0 DOUGLAS LINDGREN VICE-CHAIR 2.00 X X 0 0 0 RICHARD OTT TREASURER 2.00 X X 0 0 0 ADAM FERGUSON SECRETARY 2.00 X X 0 0 0 KRISTIN CARDINALI DIRECTOR 2.00 X 0 0 0 DANA CROWLEY DIRECTOR 2.00 X 0 0 0 STEVE ELSIK DIRECTOR 2.00 X 0 0 0 292300 0 49417 2 0 1 0 FISERV INC 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 606751649 SOFTWARE LICENSING & DECONVERSION EXPENS 263627 1 INTEREST ON LOANS 522100 4039574 4039574 MEMBER FEES 522100 1390550 1390550 CUNA INCOME 522100 183539 183539 5613663 75982 75982 5278 -5278 -5278 -5278 117540 117540 117540 5801907 5613663 0 188244 X 5036 341717 1449381 36118 131772 128833 36910 62633 810102 46169 251067 48046 254310 25308 1907 41954 110800 36851 MEMBER DIVIDENDS 759537 LOAN SERVICING COSTS 219105 BAD DEBT EXPENSE 180000 CREDIT CARD EXPENSES 38975 322280 5338811 679920 885719 3736720 5388827 233434 182099 82080133 85681511 184850 156996 5250469 1708025 3754028 3542444 1030771 938701 782505 2838505 6179380 6462209 98661741 106077011 260556 1041995 200000 192857 2000000 2000000 84203414 90352571 86663970 93587423 X 0 0 0 0 11997771 12489588 11997771 12489588 98661741 106077011 463096 28721 0 X 0 0 0 950461 950461 3035340 756346 2278994 1264668 951679 312989 3542444 OTHER ASSETS 756270 NCUA SHARE INSURANCE CAPITALIZATION DEPOSITS 887584 NEW YORK LIFE INSURANCE 4777156 FORECLOSED AND REPOSSESSED ASSETS 41199 6462209 MEMBER DEPOSITS 90352571 90352571 X 0 0 0 THOR DOLAN CEO 183052 0 0 0 6000 0 7331 0 20651 0 217034 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBER OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY AS PART OF THE PERIODIC REVIEW OF POLICIES. THE POLICY IS SILENT ON VOLUNTARY DISCLOSURE. IT INSTRUCTS DIRECTORS AND EMPLOYEES TO AVOID SITUATIONS THAT MAY GIVE RISE TO A CONFLICT. A CONFLICT AT THE BOARD LEVEL WOULD BE REPORTED TO EITHER THE SUPERVISORY COMMITTEE CHAIR OR THE CEO. THE SUPERVISORY COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS. SHOULD A CONFLICT OF INTEREST EVER EXIST THE CONFLICTED INDIVIDUAL SHALL EXCUSE THEMSELVES FROM ANY DECISION MAKING. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY A BOARD COMPENSATION COMMITTEE, COMPRISED OF THREE DIRECTORS. INDUSTRY DATA AND PEER GROUP INFORMATION IS EVALUATED, AND THE CURRENT ECONOMIC CONDITIONS ARE CONSIDERED. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO, WHO USES CURRENT INDUSTRY DATA AND INDIVIDUAL PERFORMANCE METRICS FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE CREDIT UNION ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FINANCIAL INFORMATION IS POSTED IN LOBBIES AT ALL LOCATIONS EACH MONTH. FORM 990, PART IX, LINE 11G OTHER FEES 33,743. ATM SERVICING 61,014. DRAFT SERVICES 448,579. MAINTENANCE SERVICES 266,766.