2015-08-05T13:24:25-05:00 2014-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2014-01-01 362146035 ABRI CREDIT UNION ABRI 8152677700 1350 W RENWICK ROAD ROMEOVILLE IL 60446 BRIAN CEDERGREN PRESIDENT/CEO 8152677700 2015-08-04 1 MARY A COATES CPA P00134220 7158453111 2015-08-04 2014 2016-04-25 22:37:26Z BRIAN CEDERGREN 1350 W RENWICK ROAD ROMEOVILLE IL 60446 12335140 0 X WWW.ABRICU.COM X 1949 IL ABRI CREDIT UNION IS A NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL COOPERATIVE THAT EXISTS TO HELP OUR MEMBERS SUCCEED FINANCIALLY. WE SERVE RESIDENTS & BUSINESSES IN DUPAGE, WILL & PORTIONS OF COOK COUNTY. 9 9 134 12 0 0 0 0 10485207 9881190 2293129 2453950 0 0 12778336 12335140 0 0 0 0 5252892 5683291 0 0 0 6585268 6332275 11838160 12015566 940176 319574 304038851 305843298 279039704 278945321 24999147 26897977 ABRI CREDIT UNION IS A NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL COOPERATIVE THAT EXISTS TO HELP OUR MEMBERS SUCCEED FINANCIALLY. WE SERVE RESIDENTS & BUSINESSES IN DUPAGE, WILL & PORTIONS OF COOK COUNTY. 0 0 PROVIDED FINANCIAL SERVICES TO 26,667 MEMBERS, PROVIDED 20,618 CONSUMER AND REAL ESTATE LOANS, MAINTAINED 47,939 DEPOSIT ACCOUNTS FOR THE BENEFIT OF OUR MEMBER/OWNERS. 0 0 1 0 0 0 0 0 0 1 1 0 0 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 6572 0 1 134 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IL X BRIAN CEDERGREN 8152677700 1350 W RENWICK ROAD ROMEOVILLE IL 60446 PHIL BRANSHAW BOARD MEMBER 6.00 X 0 0 0 DARYL KEENE BOARD MEMBER 6.00 X 0 0 0 DONALD KROK BOARD MEMBER (THRU FEBRUARY) 6.00 X 0 0 0 BRADFORD STACY BOARD MEMBER 6.00 X 0 0 0 WILLIAM VROMAN BOARD MEMBER 6.00 X 0 0 0 PHIL WILT BOARD MEMBER 6.00 X 0 0 0 JAMES MILLER CHAIRMAN 6.00 X X 0 0 0 BRIAN MCDANIEL VICE CHAIRMAN 6.00 X X 0 0 0 GREG MORIN SECRETARY 6.00 X X 0 0 0 MARTY MCGINNIS TREASURER 6.00 X X 0 0 0 BRIAN CEDERGREN PRESIDENT/CEO 50.00 X 265832 0 77020 LISA DINGES SVP OF FINANCE 50.00 X 93148 0 12912 PATRICIA LOCKE EVP ADMINISTRATION 50.00 X 145760 0 24857 KATHLEEN MONCEK EVP OPERATIONS 50.00 X 139829 0 23549 COLLEEN MATHY VP OF HR & RISK MANAGMENT 50.00 X 112275 0 19786 JEFFERY COTTON VP OF IT & FACILITIES 50.00 X 109655 0 19521 866499 0 177645 5 0 1 0 FISERV INC 75 REMITTANCE DR STE 6974 CHICAGO IL 60675 DATA PROCESSING 1065625 PSCU 560 CARRILLON PARKWAY ST PETERSBURG FL 33716 INTERNET BANKING 513070 2 INTEREST INCOME ON LOANS 522100 7124707 7124707 MEMBER SERVICE FEES 522100 1146654 1146654 NSF FEES 522100 726336 726336 VISA INCOME 522100 580774 580774 GAP INSURANCE 521000 70409 70409 232310 232310 9881190 2267741 2267741 176906 9303 0 0 176906 9303 186209 186209 12335140 9881190 0 2453950 782905 3734652 153160 663476 349098 47691 1000 148322 262840 252220 833911 833075 50142 99021 653308 87439 TRANSACTION FEES 1240966 DIVIDENDS PAID TO MEMBE 789440 BAD DEBT EXPENSE 667363 LOAN & CLOSING COSTS 134348 231189 12015566 2212735 2015715 267339 16474556 248566 755386 132302383 135439006 351635 1008539 13905343 5013058 9373405 8892285 116092243 111753943 32305012 20165592 10885533 9338276 304038851 305843298 1484660 -2330063 277555044 281275384 279039704 278945321 X 0 0 0 0 24999147 26897977 24999147 26897977 304038851 305843298 319574 1579256 0 X 0 0 0 1500 1500 1500 1 CREDIT UNION POLITICAL ACTION COMMITTEE 1807 W DIEHL RD NAPERVILLE IL 60540 363092340 1500 0 PART I-A, LINE 1: SUPPORT FOR THE ILLINOIS CREDIT UNION LEAGUE'S CREDIT UNION POLITICAL ACTION COMMITTEE (CUPAC). THE CREDIT UNION POLITICAL ACTION COUNCIL (CUPAC) IS A VOLUNTARY ASSOCIATION OF CREDIT UNION MEMBERS, CHAPTERS AND CREDIT UNIONS. IT IS NOT AFFILIATED WITH ANY ONE POLITICAL PARTY AND IS AN INDEPENDENT AND AUTONOMOUS ORGANIZATION NOT SUPPORTED BY LEAGUE DUES. CUPAC'S PURPOSE IS TO PROMOTE GOOD GOVERNMENT AND FAVORABLE LEGISLATION FOR CREDIT UNIONS THROUGH RAISING AND DISBURSING FUNDS TO CANDIDATES AND LEGISLATORS SYMPATHETIC TO THE CREDIT UNION MOVEMENT. CONTRIBUTIONS TO CUPAC ARE USED ALMOST EXCLUSIVELY TO SUPPORT CANDIDATES. 2353325 2353325 8653417 2736142 5917275 2889151 2276916 612235 9450 9450 8892285 DEPOSITS IN COMMERCIAL BANKS 14426000 F INVESTMENTS IN CORPORATE CREDIT UNIONS 5739592 F 20165592 MEMBER DEPOSITS 281232884 OTHER LIABILITIES 42500 281275384 X 1 1 X X X 0 1 0 BRIAN CEDERGREN PRESIDENT/CEO 237527 0 21102 0 7203 0 54928 0 22092 0 342852 0 0 0 PATRICIA LOCKE EVP ADMINISTRATION 131437 0 10000 0 4323 0 10714 0 14143 0 170617 0 0 0 KATHLEEN MONCEK EVP OPERATIONS 123459 0 10000 0 6370 0 10904 0 12645 0 163378 0 0 0 PART I, LINE 4B BRIAN CEDARGREN PARTICIPATES IN A DEFERRED COMPENSATION PLAN (SERP). THE VALUE RECEIVED IN 2014 WAS $35,005. PART I, LINE 6 ACCRUED PERFORMANCE BONUS FOR ALL EMPLOYEES CONTINGENT UPON THE ORGANIZATION ACHEIVING CERTAIN FINANCIAL AND NON-FINANCIAL GOALS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSISTS OF THE FOLLOWING INDIVIDUALS: ANY EMPLOYEE OF ARGONNE NATIONAL LABORATORY; FERMI NATIONAL ACCELERATOR LABORATORY; INEEL (IDAHO); ANYONE WORKING AT THE IDAHO NATIONAL LABORATORIES; ANYONE WHO LIVES OR WORKS IN DUPAGE OR WILL COUNTIES, ILLINOIS OR THE PORTION OF COOK COUNTY THAT INCLUDES: BROADVIEW, BROOKFIELD, BURR RIDGE, COUNTRYSIDE, CRESTWOOD, HICKORY HILLS, HODGKINS, INDIAN HEAD PARK, LAGRANGE, LAGRANGE PARK, LEMONT, MIDLOTHIAN, NORTH RIVERSIDE, OAK FOREST, ORLAND HILLS, ORLAND PARK, PALOS HEIGHTS, PALOS HILLS, PALOS PARK, TINLEY PARK, WESTCHESTER, WESTERN SPRINGS, WILLOW SPRINGS OR WORTH WHO QUALIFIES AS A PERSON WITHIN THE COMMON BOND OF MEMBERSHIP AS SET FORTH IN THE CREDIT UNION'S ARTICLES OF INCORPORATION AND WHO, UPON ELECTION TO MEMBERSHIP, SUBSCRIBES TO ONE OR MORE SHARES AND PAYS THE INITIAL INSTALLMENT THEREON AND PAYS THE REQUIRED ENTRANCE FEE AND/OR MEMBERSHIP FEE, IF ANY, SHALL BECOME A MEMBER OF THIS CREDIT UNION. MEMBERSHIP SHALL BE LIMITED TO THE GROUP OF PEOPLE DEFINED ABOVE AND ANY RELATIVE BY BLOOD OR MARRIAGE AND FOSTER OR ADOPTED CHILDREN. SOCIETIES, ASSOCIATIONS, CLUBS, THE MAJORITY OF WHOSE MEMBERS ARE ELIGIBLE FOR CREDIT UNION MEMBERSHIP, PARTNERSHIPS IN WHICH THE MAJORITY OF THE PARTNERS ARE INDIVIDUALS WHO ARE ELIGIBLE FOR CREDIT UNION MEMBERSHIP, AND CORPORATIONS, THE MAJORITY OF WHOSE STOCKHOLDERS ARE INDIVIDUALS WHO ARE ELIGIBLE FOR CREDIT UNION MEMBERSHIP, MAY BE ADMITTED TO MEMBERSHIP IN THE CREDIT UNION IN THE SAME MANNER AND UNDER THE SAME CONDITIONS AS INDIVIDUALS, SUBJECT TO SUCH RULES AS THE DIRECTOR OF THE DEPARTMENT OF FINANCIAL INSTITUTIONS MAY PROMULGATE. EACH APPLICATION FOR MEMBERSHIP MUST BE IN WRITING ON A FORM APPROVED BY THE BOARD OF DIRECTORS, SIGNED BY THE APPLICANT, AND DATED. IN THE CASE OF ORGANIZATIONS, THE APPLICATION MUST BE SIGNED BY AN OFFICIAL OF THE ORGANIZATION. ALL APPLICATION FOR MEMBERSHIP MUST BE ACTED UPON BY THE MEMBERSHIP COMMITTEE. MAJORITY APPROVAL OF THE MEMBERSHIP COMMITTEE IS REQUIRED FOR ADMITTANCE TO MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. THE ANNUAL MEETING OF MEMBERS FOR THE ELECTION OF DIRECTORS AND THE TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING SHALL BE HELD AT A PLACE DESIGNATED BY THE BOARD OF DIRECTORS DURING THE MONTHS OF JANUARY, FEBRUARY, OR MARCH, OR SUCH OTHER MONTH AS MAY BE APPROVED BY THE DEPARTMENT OF FINANCIAL INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL BY MEMBERS IS NEEDED FOR MERGERS AND ANY CHANGES TO THE BYLAWS AT AN ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE VP OF ACCOUNTING AND APPROVED BY PRESIDENT/CEO PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ADHERES TO AND ENFORCES THE CONFLICT OF INTEREST POLICY. CONFLICTS SHALL BE REPORTED AS FOLLOWS: EMPLOYEES REPORT TO THE PRESIDENT OR FOLLOW THE PROCEDURES PRESCRIBED IN THE HUMAN RESOURCES POLICY MANUAL. OTHERS REPORT TO THE BOARD CHAIR OR TO THE SUPERVISORY COMMITTEE CHAIR AT HIS/HER OPTION. BOARD MEMBERS ARE REQUIRED TO DISCLOSE TO THE SUPERVISORY COMMITTEE ANY ACTIVITIES OR RECOMMENDATIONS MADE TO ABRI CREDIT UNION MANAGEMENT THAT ARE INTENDED TO INFLUENCE OPERATIONAL MANAGEMENT DECISIONS. IF THERE IS ANY QUESTION OF CONFLICT OF INTEREST OR POTENTIAL IMPROPRIETY, THE BOARD MEMBER INITIATING MUST REFER IT TO THE SUPERVISORY COMMITTEE FOR RESOLUTION UNLESS THE CONFLICT INVOLVES BOARD MEMBERS OF THAT COMMITTEE. IN SUCH INSTANCE, THE ISSUE MUST BE REFERRED TO THE EXECUTIVE COMMITTEE, EXCLUDING MEMBERS OF THE SUPERVISORY COMMITTEE. THE EXECUTIVE COMMITTEE SHALL BE THE FINAL ARBITER AUTHORIZED TO JUDGE OR DECIDE ON THE MERITS OF ALL QUESTIONS OF CONFLICT OF INTEREST, BUT SHALL ACT ONLY AFTER THE PERSON OR PERSONS INVOLVED HAVE HAD AN OPPORTUNITY TO BE HEARD. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A CEO COMPENSATION COMMITTEE FOR THE BOARD THAT DETERMINES AND APPROVES THE COMPENSATION ANNUALLY. EVP COMPENSATION IS DETERMINED BY THE CEO AND THE VP'S ARE DETERMINED BY THE EVP'S IN CONJUNCTION WITH THE CEO AND VP OF HR. THE VP OF HR IS DETERMINED BY THE CEO. ALL STAFF SALARY GRADES AND RANGES ARE SET BY THE COMPEASE SYSTEM ADMINISTERED BY THE THIRD PARTY MARKET RESEARCHER NOW KNOWN AS HRN PERFORMANCE SOLUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.