2018-04-06T11:52:26-05:00 2017-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2017-01-01 363047069 Healthcare Associates Credit Union HEAL 6302765555 PO Box 3053 Naperville IL 605667053 Joseph J Kregul President/CEO 2018-04-06 true Nicole Bencik P00756195 3128997000 2017 2022-09-23 18:48:47Z Joseph J Kregul PO Box 3053 Naperville IL 605667053 22520886 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. 14 13 86 13 0 0 0 0 13841976 14378304 2017857 2491067 11213 15459 15871046 16884830 0 0 0 0 6593951 6811217 0 0 0 7204470 8070855 13798421 14882072 2072625 2002758 323628773 340404028 279037017 294100775 44591756 46303253 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. SHAREDRAFT ACCOUNTS ARE OFFERED AT A NO-MONTHLY FEE BASIS TO THOSE MEMBERS WHO APPLY AND ARE IN GOOD STANDING WITH THE CREDIT UNION. 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 false false 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 5492 0 true 86 true false false false false false false X 14 13 false false false false true true true true true false false true true true true true true true false true true X Eric Harvell 6302765744 1151 E Warrenville Road Naperville IL 60566 WILLIAM J HUFF Past Chairman 1.0 X X 0 0 0 JOSEPH J KREGUL President/CEO 50.0 X X 380509 0 133425 KENNETH J ROJEK Chairman 1.0 X X 0 0 0 Dayla L Randolph VICE CHAIRMAN 1.0 X X 0 0 0 JACK A GILBERT TREASURER/SECRETARY 1.0 X X 0 0 0 J CHRIS MAHAFFEY Director 1.0 X 0 0 0 ALBERT LEWIS Director 1.0 X 0 0 0 KENNETH C ROBBINS Director 1.0 X 0 0 0 JOHN SCARANO Director 1.0 X 0 0 0 MARGARET MCDERMOTT 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 JAMES MARSEILLE DIRECTOR 1.0 X 0 0 0 JOHN F MORGAN DIRECTOR 1.0 X 0 0 0 TODD NIEDERMEIER Vice President 50.0 X 204859 0 69832 ERIC HARVELL SVP/CFO 50.0 X 201783 0 71758 JENNIFER KLEINHENZ SVP/Strategic Initiatives 50.0 X 145096 0 50145 ELIAN M CABAN AVP Member Services 55.0 X 118445 0 25968 ADAM T DUMOULIN AVP/Controller 50.0 X 114439 0 44416 SARA CHRISTINE KUCHAR AVP Business Technologies 55.0 X 132826 0 40135 NORMA CANTRELL Director Business Development 40.0 X 112844 0 16372 JONATHAN BARRETT BT NETWORK MANAGER 40.0 X 108096 0 32366 1518897 0 484417 10 false true false JACK HENRY & ASSOCIATES INC 309 E Cleveland St monett MO 65708 Core Data Processing System Services 962354 SIR SPEEDY PRINTING 526 W FIFTH AVENUE NAPERVILLE IL 60563 MARKETING AND PROMOTION PRINTING SERVICES 294752 VISA USA INC 595 MARKET STREET SAN FRANCISCO CA 94104 CARD BRAND & NETWORK 272820 FISERV Inc 255 Fiserv Drive Brookfield WI 53045 website and internet banking services 229375 ILLINOIS HOSPITAL ASSOCIATION 37092 EAGLE WAY CHICAGO IL 60678 ADMINISTRATIVE SERVICES 226871 10 0 Member Loans 522100 9251648 9251648 Share/Check Program 522100 2692865 2692865 ATM/Debit Card Services 522100 1275125 1275125 Credit Card Program 522100 766975 766975 Insurance Program 522100 391691 391691 0 0 0 0 14378304 2417475 2417475 0 0 5292951 416697 5281118 354938 11833 61759 73592 73592 MISCELLANEOUS REVENUE 900099 15459 15459 0 0 0 0 15459 16884830 14393763 0 2491067 0 1257407 3873880 338373 963051 378506 19041 160305 544910 0 0 0 650594 595263 445324 487961 182517 368608 84055 ATM/Internet Branch Expenses 1401161 Loan Expenses 1049684 Loan Loss provision 994894 DIVIDEND EXPENSE 671662 414876 0 0 0 14882072 0 0 0 2834102 3201438 31577856 37266984 196127 355202 0 0 0 181901244 195033486 395768 349918 7448719 7131427 528227 317292 100589689 99413964 0 5605760 4465744 323628773 340404028 2023474 4151373 7574 98063 5000000 277005969 284851339 279037017 294100775 X 44591756 46303253 44591756 46303253 323628773 340404028 2002758 -291261 0 X false true X true false 0 5306 5306 true CUPAC 1807 W DIEHL RD NAPERVILLE IL 605667107 363092340 5306 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. 1640056 1631440 8616 3715957 3481543 234414 2092706 2018444 74262 317292 Government Federal Agency Securities 99231626 F Investment in CUSO 182338 F 99413964 Members' Share Accounts 284851339 284851339 X 16543643 -279428 0 -279428 16823071 61759 61759 16884830 14820313 -61759 -61759 14882072 0 0 14882072 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 2017 AND 2016. 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 2017 and 2016. 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 2017 and 2016. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements GAIN ON REAL ESTATE DISPOSITION - 61759 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GAIN ON REAL ESTATE DISPOSITION - -61759 X X false true false JOSEPH J KREGUL President/CEO 281370 0 69022 0 30117 0 121172 0 12253 0 513934 0 0 0 TODD NIEDERMEIER Vice President 177245 0 26372 0 1242 0 45016 0 24816 0 274691 0 0 0 ERIC HARVELL SVP/CFO 175641 0 24900 0 1242 0 44607 0 27151 0 273541 0 0 0 JENNIFER KLEINHENZ SVP/Strategic Initiatives 121913 0 18511 0 4672 0 31846 0 18299 0 195241 0 0 0 ADAM T DUMOULIN AVP/Controller 106499 0 7588 0 352 0 15893 0 28523 0 158855 0 0 0 SARA CHRISTINE KUCHAR AVP Business Technologies 123910 0 8513 0 403 0 17831 0 22304 0 172961 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following 457(f) Contributions were made for 2017: Joe Kregul $86,278 Todd Niedermeier $17,880 Eric Harvell $17,786 Jennifer Kleinhenz $12,550 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 review took place in May of 2017. 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. Management also reviewed the return with the Chair of the credit union's Supervisory Committee before it was timely filed. Each board member also received a copy of the return 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 15a Process to establish compensation of top management official The CEO's Compensation is reviewed and approved by the Board of Directors on an annual basis. Every 2 years, compensation is reviewed by an independent 3rd party where salary is compared to other credit unions of similar size. Once the Board approves the compensation this decision is documented in the Board minutes. The last review took place in May of 2017. 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.