STATE EMPLOYEES CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: STATE EMPLOYEES CREDIT UNION (EIN 37-0806563)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-03-22
IRS object ID: 201200829349300815
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-22T09:57:56-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FAHNESTOCK FINANCIAL SERVICES INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	325 MARKET ST SUITE F	AddressLine1
City	ALTON	City
State	IL	State
ZIP Code	620026275	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	370806563	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	STATE EMPLOYEES COMMUNITY CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	STAT	NameControl
Phone	6184655142	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4500 COLLEGE AVENUE	AddressLine1
City	ALTON	City
State	IL	State
ZIP Code	62002	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RIKKI KOLB	Name
Title	PRESIDENT	Title
Phone	6184655142	Phone
Date Signed	2012-03-19	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	THOMAS FAHNESTOCK CPA	Name
Phone	6184624135	Phone
Date Prepared	2012-03-22	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RIKKI KOLB	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	78 ECKHARD	AddressLine1
City	WOOD RIVER	City
State	IL	State
ZIP Code	62095	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	287693	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1952	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	COMMUNITY CREDIT UNION	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	8	NbrIndependentVotingMembers
Total Nbr Employees	2	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	232533	ProgramServiceRevenuePriorYear
Program Service Revenue CY	224119	ProgramServiceRevenueCY
Investment Income Prior Year	32951	InvestmentIncomePriorYear
Investment Income Current Year	21912	InvestmentIncomeCurrentYear
Other Revenue Prior Year	32329	OtherRevenuePriorYear
Other Revenue Current Year	41662	OtherRevenueCurrentYear
Total Revenue Prior Year	297813	TotalRevenuePriorYear
Total Revenue Current Year	287693	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	90230	SalariesEtcPriorYear
Salaries Etc Current Year	89546	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	193208	OtherExpensePriorYear
Other Expenses Current Year	185605	OtherExpensesCurrentYear
Total Expenses Prior Year	283438	TotalExpensesPriorYear
Total Expenses Current Year	275151	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	14375	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	12542	RevenuesLessExpensesCY
Total Assets BOY	5344389	TotalAssetsBOY
Total Assets EOY	5772531	TotalAssetsEOY
Total Liabilities BOY	4619827	TotalLiabilitiesBOY
Total Liabilities EOY	5035427	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	724562	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	737104	NetAssetsOrFundBalancesEOY
Mission Description	COMMUNITY CREDIT UNION	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Revenue	224119	Revenue
Description	PROVIDE CONSUMER LOANS FOR MEMBERS	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	275151	Expense
Description	RECIEVE SAVINGS DEPOSIT FROM MEMBERS	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	275151	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	false	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	2	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	8	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	RIKKI KOLB	NamePerson
Telephone Number	6184655142	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	4500 COLLEGE AVENUE	AddressLine1
City	ALTON	City
State	IL	State
ZIP Code	620025051	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
CARLA GALBRATH
CHAIRPERSON	5.00	X	0	0	0
RIKKI KOLB
PRESIDENT	40.00		45000	0	0	X
MICHAEL LEN
BOARD MEMBER	1.00	X	0	0	0
LAURA FORTADO
TREASURER	1.00	X	0	0	0
GREG HARRISON
SUPER. COMM. CHAIR.	1.00	X	0	0	0
DEBORAH L DYLE
BOARD MEMBER	1.00	X	0	0	0
JERRY MALIN
BOARD MEMBER	1.00	X	0	0	0
ZELMA D WESLEY
BOARD MEMBER	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	45000	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	LOANS	Description
Business Code	522130	BusinessCode
Total Revenue Column	224119	TotalRevenueColumn

Field	Value	IRS element (for citing)
Total Program Service Revenue	224119	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	21912	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	FEE INCOME	Description
Business Code	522130	BusinessCode
Total Revenue Column	41662	TotalRevenueColumn
Related Or Exempt Function Income	41662	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	41662	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	287693	TotalRevenueColumn
Related Or Exempt Function Income	287693	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	45000	Total
Program Services	45000	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	33509	Total
Program Services	33509	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	5115	Total
Program Services	5115	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	5922	Total
Program Services	5922	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	1978	Total
Program Services	1978	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	61524	Total
Program Services	61524	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	31450	Total
Program Services	31450	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	606	Total
Program Services	606	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	46413	Total
Program Services	46413	ProgramServices

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
EDUCATION AND PROMOTION	10427	10427
LOAN SERVICE EXPENSE	7648	7648
MISCELLANEOUS	0	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	25559	Total
Program Services	25559	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	275151	Total
Program Services	275151	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1215903	BOY
EOY	980148	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1300000	BOY
EOY	1831650	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	103866	BOY
EOY	108706	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	2663822	BOY
EOY	2776991	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	11145	BOY
EOY	13710	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	49653	BOY
EOY	61326	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	5344389	BOY
EOY	5772531	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	50485	BOY
EOY	33227	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	4569342	BOY
EOY	5002200	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	4619827	BOY
EOY	5035427	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	724562	BOY
EOY	737104	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	724562	BOY
EOY	737104	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	5344389	BOY
EOY	5772531	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	12542	ReconcilationRevenueExpenses
Method Of Accounting Cash	X	MethodOfAccountingCash
Accountant Compile Or Review	true	AccountantCompileOrReview
FS Audited	false	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule L IRS990ScheduleL

Loan Table LoanTable (8 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
ZELMA DAVIS-WESLEY
VEHICLE PURCHASE	X	$45,000	10000	false	true	true
CARINA DUNLAP-RIDDLE
SIGNATURE	X	$5,842		false	true	true
GREGORY HARRISON
USED CAR LOAN	X	$15,262	16000	false	true	true
RIKKI KOLB
SIGN/CAR	X	$44,642	38706	false	true	true
MICHAEL LEN
SIGNATURE	X	$4,742		false	true	true
JERRY MALIN
VACATION	X	$1,517	1000	false	true	true
DARLENE YARBOROUGH
CAR LOAN	X	$55,998	25000	false	true	true
MELODY WILSON
CAR LOAN	X	$22,642	18000	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	108706	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 19	ALL DEPOSITORS AND BORROWERS ARE MEMBERS
Pt VI, Line 7a	THE MEMMBERS ELECT THE BOARD AT THEIR ANNUAL MEETING
Pt VI, Line 7b	THE ACTIONS OF THE BOARD ARE APPROVED AT THE ANNUAL MEETING
Pt VI, Line 11a	THE FORM 990 WILL BE APPROVED BY THE BOARD
Pt VI, Line 12c	THE BOARD MONITORS ALL PURCHASES MONTHLY
Pt VI, Line 15	COMPENSATION IS REVIEWED AND SET BY THE BOARD
Pt VI, Line 19	DOCUMENTS ARE AVAILABLE AT THE OFFICE OF THE CREDIT UNION.
Pt VI, Line 6	EVERY DEPOSITOR IS A MEMBER OF THE CREDIT UNION.
Form 990, Part IX, Line 24f	MEMBER INSURANCE 7300. 7300. AUDIT & EXAM 4384. 4384. NCUSIF STABILIZATION 7875. 7875. OTHER NON-OPERATING PROVISION FOR LOAN LOSSES 6000. 6000.