2017-11-07T11:04:44-06:00 2016-12-31 390758449 Wipfli LLP PO Box 8010 Wausau WI 544028010 990 2016-01-01 361848945 Illinois Community Credit Union ILLI 8158954541 508 West State Street Sycamore IL 60178 Thor Dolan CFO 8158954541 2017-11-06 1 Mary A Coates CPA P00134220 7158453111 2017-11-06 50.50.56.238 2017-11-06 10:50:07 CS P B9B1F8C7F86ADD4FDEE3854CF072A63E1184FF7D 41ABCD53C4B0AAEE285E84ABDCCA064939346133 2016 2018-03-14 21:41:22Z Thor Dolan 508 West State Street Sycamore IL 60178 5968710 0 X www.ILCOMCU.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 50 9 0 0 0 0 5636674 5653282 299789 315153 0 275 5936463 5968710 0 1011 399572 0 2190842 2104302 0 0 0 2046281 2352355 4636695 4457668 1299768 1511042 76583225 78751768 66223012 66910821 10360213 11840947 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 10,563 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 1,266 loans to members, providing $23,155,482 in consumer and residential loans, credit cards, first mortgages and home equity loans. 0 0 0 0 0 0 0 0 0 1 1 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 1299 0 1 50 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 0 1 1 1 0 X Brian Mann 8156956405 501 West Main Street Genoa IL 60135 Anthony Cvek Director 2.00 0.00 X 0 0 0 Dana Crowley Director 2.00 0.00 X 0 0 0 Steve Elsik Director 2.00 0.00 X 0 0 0 David Thurwanger Chair 2.00 0.00 X X 0 0 0 Douglas Lindgren Vice-Chair 2.00 0.00 X X 0 0 0 Adam Ferguson Secretary 2.00 0.00 X X 0 0 0 Richard Ott Treasurer 2.00 0.00 X X 0 0 0 Thor Dolan CEO 40.00 0.00 X 163313 0 24486 Brian Mann CFO 40.00 0.00 X 92915 0 6810 256228 0 31296 1 0 1 0 MagniFi LLC 110 W Main Street Suite 200 Ft Wayne IN 46802 Architectural/Construction Services 244406 RSM US LLP 1252 Bell Valley Road Suite 300 Rockford IL 61108 Accounting/Auditing Services 145919 2 Interest on Loans 522100 2847035 2847035 Recovery of Loan Loss 522100 1414000 1414000 Fee Income 522100 1259438 1259438 CUNA Income 522100 132809 132809 5653282 295518 295518 19635 0 19635 19635 19635 275 275 275 5968710 5653282 0 315428 1011 287524 1521079 29298 111910 154491 29423 134367 85764 140140 235882 48743 477832 35593 409 102483 41217 Loan Servicing Costs 531902 Member Dividends 388050 Credit Card Expenses 52425 Dues and Subscriptions 20793 27332 4457668 975034 955785 4487661 1127544 203452 199079 45594966 52905825 0 210568 4423553 2680458 1508650 1743095 4191434 3559445 14627391 13181922 4994637 4868505 76583225 78751768 309787 298230 65913225 66612591 66223012 66910821 X 0 0 0 0 10360213 11840947 10360213 11840947 76583225 78751768 1511042 -30308 0 X 0 0 0 652296 652296 1367544 773624 593920 2185151 1906834 278317 218562 218562 1743095 Deposit in Commercial Banks 12821417 C Loans to and Investments in natural person credit unions 249000 C paid in capital at corp 111505 C 13181922 Other Assets 305996 NCUA Share Insurance Capitalization Deposits 677874 New York Life Insurance 3884635 4868505 Member Deposits 66612591 66612591 X 0 0 0 Thor Dolan CEO 163313 0 0 0 0 0 6301 0 18185 0 187799 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 members 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 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. Form 990, Part VI, Section B, line 15 Industry data of our peer group is evaluated along with current economic conditions by a committee of three directors. An overall percentage is derived and occasionally the committee will make recommendations for individual key employees. 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.