2018-04-16T14:36:03-05:00 2017-12-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 606433206 990 2017-01-01 362282246 2 Rivers Area Credit Union 2RIV 8159352270 296 West Jeffery Street Kankakee IL 60901 Danita Swanson President 8159352270 2018-04-16 1 David J Rambo P00513360 7737794720 2018-04-16 2017 2022-09-23 18:48:47Z Danita Swanson 296 West Jeffery Street Kankakee IL 60901 1010477 0 X www.2riversacu.com X Cooperative 1951 IL Illinois state chartered credit union operated for the mutual benefit of its members 8 8 7 8 0 0 0 0 828727 901420 81433 109057 0 0 910160 1010477 0 0 0 0 272099 309794 0 0 0 596543 669855 868642 979649 41518 30828 15397147 16931457 12939912 14496889 2457235 2434568 Illinois state chartered credit union operated for the mutual benefit of its members. The credit union makes loans to members and pays dividends to members with share deposits at a competetive rate of interest. 0 0 The credit union makes and services consumer loans and real estate loans to members. The number of loans outstanding at 12/31/17 is 897 for a total of $8,242,605. The Credit Union pays out dividends on its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/17 is 3,630 for a total of $13,973,561. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 306 0 1 7 1 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 0 0 X Danita Swanson 8159352270 296 West Jeffery Street Kankakee IL 60901 Mary Westover Chairman 2.00 X X 0 0 0 Lindsay Parkhurst Vice-Chair 2.00 X X 0 0 0 John Absher Treasurer 2.00 X X 0 0 0 Patricia Williams Secretary 2.00 X X 0 0 0 Bill deBlouwe Director 2.00 X 0 0 0 Brad Kuntz Director 2.00 X 0 0 0 John Hogan Director 2.00 X 0 0 0 Thomas Maass Director 2.00 X 0 0 0 Danita Swanson President/Manager 40.00 X 70225 0 14091 70225 0 14091 0 0 0 0 FiServ Inc 75 Rimittance Drive Chicago IL 60675 accounting software fees 142487 Illinois Credit Union League 1807 W Diehl Road Naperville IL 60563 debit card costs 142468 2 Member loan interest 522100 597225 597225 Fee income 522100 304195 304195 901420 109057 109057 1010477 1010477 0 0 84316 172600 28673 3569 20636 20085 2164 28727 70001 142487 32574 14882 22580 35771 17872 Debit card expense 142468 Miscellaneous 36668 Visa priocessing 30791 Loan servicing 27053 45732 979649 772198 513232 6510309 7289756 7142538 8157233 31108 50318 698197 218174 506322 480023 200000 200000 234672 240895 15397147 16931457 243849 317793 12696063 14179096 12939912 14496889 X 0 0 0 0 2457235 2434568 2457235 2434568 15397147 16931457 X 30828 -53495 X 0 1 X 1 0 13650 13650 574135 126601 447534 110412 91573 18839 480023 Members' share and savings accounts 13973561 Liability for pension benefit 205535 14179096 X 1010477 0 1010477 0 1010477 979649 0 979649 0 979649 Part X, Line 2: FIN48 Statement from Audited Financial Statements The Credit Union is exempt, by statute, from Federal income taxes under Internal Revenue Code Section 501(c)(14) and state income taxes. The tax-exempt purpose of the Credit Union and the nature in which it operates is described in the first paragraph of Note 1. Management believes the Credit Union continues to operate in compliance with its tax-exempt purpose. The Credit Union had no unrelated business income in 2017 or 2016 that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination for generally three years after filing. Form 990, Part VI, Section A, line 6 Membership in the Credit Union is open to all people living and working in the Kanakee County area. Form 990, Part VI, Section A, line 7a Members of the Credit Union elect the Board of Directors. Form 990, Part VI, Section B, line 11b The Form 990 and related schedules was reviewed and approved by the President and Manager of the Credit Union prior to filing. Form 990, Part VI, Section B, line 15a Compensation for the President/Manager of the Credit Union is determined by the Board of Directors on an annual basis. The Board considers performance of the Credit Union, inflation, longevity, and overall performance of the President/Manager in determining compensation. Deliberation and decisions are contempraneously documented in the Board minutes. Form 990, Part VI, Section C, line 19 The Credit Union posts financial statements on its bulletin board and also makes them available upon request. The Call report is available on the NCUA webite. Governing documents available uppon request. Form 990, Part XI, line 9: Other comprehensive loss -53,495.