VIBRANT CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VIBRANT CREDIT UNION (EIN 36-6068452)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-22
- IRS object ID
- 201202969349300015
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-10-22T11:47:34-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 N HARRISON STREET SUITE 300 | AddressLine1 |
| City | DAVENPORT | City |
| State | IA | State |
| ZIP Code | 528011999 | 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 | 366068452 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DHCU COMMUNITY CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DHCU | NameControl |
| Phone | 3097967544 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1550 | AddressLine1 |
| City | MOLINE | City |
| State | IL | State |
| ZIP Code | 61265 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERRY BRAHM | Name |
| Title | PRESIDENT/CEO | Title |
| Phone | 3097967544 | Phone |
| Date Signed | 2012-10-19 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN J ROMANO | Name |
| PTIN | P00227323 | PTIN |
| Phone | 5638884000 | Phone |
| 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 | TERRY BRAHM | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1550 | AddressLine1 |
| City | MOLINE | City |
| State | IL | State |
| ZIP Code | 61265 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 24447793 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 3149 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | WWW.DHCU.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1935 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 2 | NbrIndependentVotingMembers |
| Total Nbr Employees | 129 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 82769 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -5243 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 15494976 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15084653 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2550718 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2351676 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5836493 | OtherRevenuePriorYear |
| Other Revenue Current Year | 6116006 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23882187 | TotalRevenuePriorYear |
| Total Revenue Current Year | 23552335 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 37200 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 52182 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6651514 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 7039089 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14797310 | OtherExpensePriorYear |
| Other Expenses Current Year | 13897893 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21486024 | TotalExpensesPriorYear |
| Total Expenses Current Year | 20989164 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2396163 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2563171 | RevenuesLessExpensesCY |
| Total Assets BOY | 429574005 | TotalAssetsBOY |
| Total Assets EOY | 437165945 | TotalAssetsEOY |
| Total Liabilities BOY | 390637090 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 395941334 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38936915 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 41224611 | NetAssetsOrFundBalancesEOY |
| Mission Description | WORKING TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL MEMBERS THROUGH EXCELLENT SERVICE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE CONSIDERABLE LOANS TO MEMBERS. TOTAL CONSUMER AND MORTGAGE LOANS PROVIDED WERE 8,096. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDED DEPOSITORY SERVICES TO APPROXIMATELY 38,211 MEMBERS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROVIDED CREDIT CARD SERVICES TO APPROXIMATELY 9,723 MEMBERS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 14715 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 129 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 2 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERRY BRAHM CEO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3097967544 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1900 52ND AVENUE | AddressLine1 |
| City | MOLINE | City |
| State | IL | State |
| ZIP Code | 612661550 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| STEVE KRATZBERG | |||||||
| CHAIRMAN OF THE BOARD | 1.00 | X | X | 0 | 0 | 0 | |
| TERESA VANDYKE | |||||||
| VICE CHAIRMAN OF THE BOARD | 1.00 | X | X | 0 | 0 | 0 | |
| ROBERT JECKS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM RON TRICE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| VINCENT PAPISH JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| FLOYD MITTON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| WILLIAM LAUPER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JULIE GERMERAAD JAMES | |||||||
| SECRETARY / TREASURER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT GOMEZ | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TERRY BRAHM | |||||||
| PRESIDENT/CEO | 40.00 | X | 338990 | 0 | 29183 | ||
| KEVIN PIEPER | |||||||
| EVP/CHIEF RISK OFFICER | 40.00 | X | 174422 | 0 | 26039 | ||
| JAY ENGLAND | |||||||
| EVP/CHIEF FINANCIAL OFFICER | 40.00 | X | 176670 | 0 | 26039 | ||
| MATTHEW MCCOMBS | |||||||
| EVP/CHIEF OPERATIONS OFFICER | 40.00 | X | 60625 | 0 | 5269 | ||
| DENISA CAROTHERS | |||||||
| VP HUMAN RESOURCES | 40.00 | 111891 | 0 | 6672 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 862598 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 93202 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| REFINERY DESIGN COMPANY | |||||
| 2001 ALTA VISTA STREET | DUBUQUE | IA | 52001 | SIGNAGE, PRINTING, & MAILING SERVICES | 287638 |
| DATAMAIL | |||||
| 747 EAST WHITCOMB AVENUE | MADISON HEIGHTS | MI | 48071 | STATEMENT PROCESSING SERVICE | 142302 |
| WEST MAINTENANCE | |||||
| 4235 KENNEDY DRIVE SUITE 2 | EAST MOLINE | IL | 61244 | MAINTENANCE SERVICES | 130067 |
| JACK HENRY ASSOCIATES INC | |||||
| PO BOX 503328 | ST LOUIS | MO | 63150 | IT SERVICES | 123492 |
| WESCORN RESOURCES GROUP | |||||
| 123 SOUTH MARENGO AVENUE | PASADENA | CA | 91101 | ONLINE SERVICES | 120126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOANS INTEREST | 522100 | 13862000 | 13862000 | |
| LOAN FEES | 522100 | 629894 | 629894 | |
| ATM FEES | 522100 | 592759 | 509990 | 82769 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15084653 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1186881 | TotalRevenueColumn |
| Exclusion | $1,186,881 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 713751 | Securities |
| Other | 1346502 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 72002 | Securities |
| Other | 823456 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 641749 | Securities |
| Other | 523046 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1164795 | TotalRevenueColumn |
| Exclusion | $1,164,795 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OVERDRAFT CHARGES | 522100 | 2475403 | 2475403 |
| DEBIT CARD INCOME | 522200 | 1544305 | 1544305 |
| VISA CHARGE INCOME | 522200 | 715231 | 715231 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1381067 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1381067 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6116006 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 23552335 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21117890 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 82769 | UnrelatedBusinessRevenue |
| Exclusion | $2,351,676 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52182 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 837237 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4378833 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 241394 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1188960 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 392665 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 128357 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61987 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14326 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 949712 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 368278 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 460778 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 372269 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15877 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50082 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 995742 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161907 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| DIVIDENDS PAID TO MEMBE | 3711365 |
| ATM EXPENSE | 1106295 |
| SERVICE CHARGES & VISA | 1082152 |
| NCUSIF EXPENSE | 960218 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3458400 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20989164 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 124439223 | BOY |
| EOY | 92473554 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1354429 | BOY |
| EOY | 1925468 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 248409083 | BOY |
| EOY | 301548631 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2453413 | BOY |
| EOY | 3054098 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 21799565 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7003783 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15334242 | BOY |
| EOY | 14795782 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5178069 | BOY |
| EOY | 9812574 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32405546 | BOY |
| EOY | 13555838 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 429574005 | BOY |
| EOY | 437165945 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4360792 | BOY |
| EOY | 6190753 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386276298 | BOY |
| EOY | 389750581 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 390637090 | BOY |
| EOY | 395941334 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38936915 | BOY |
| EOY | 41224611 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38936915 | BOY |
| EOY | 41224611 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 429574005 | BOY |
| EOY | 437165945 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2563171 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -275475 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2187730 | OtherCostOrOtherBasis |
| Book Value | 2187730 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13354916 | OtherCostOrOtherBasis |
| Depreciation | 2619371 | Depreciation |
| Book Value | 10735545 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5750576 | OtherCostOrOtherBasis |
| Depreciation | 4114035 | Depreciation |
| Book Value | 1636541 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 506343 | OtherCostOrOtherBasis |
| Depreciation | 270377 | Depreciation |
| Book Value | 235966 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14795782 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| MEMBER DEPOSIT ACCOUNTS | $396,177,437 |
| EFTS | -$6,426,856 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 389750581 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE CREDIT UNION IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF THE INTERNAL REVENUE CODE AND STATES OF ILLINOIS AND IOWA TAX LAWS. MANAGEMENT HAS EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THEY HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. GENERALLY, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. OVER THE PAST FEW YEARS, THE INTERNAL REVENUE SERVICE (IRS) HAS ISSUED A NUMBER OF TECHNICAL ADVICE MEMORANDUM (TAMS) TO STATE-CHARTERED CREDIT UNIONS ADDRESSING THE ISSUE OF WHETHER INCOME FROM CERTAIN ACTIVITIES THE CREDIT UNIONS ENGAGED IN WERE SUBJECT TO UNRELATED BUSINESS INCOME TAX. EXAMPLES OF INCOME THAT THE IRS CONSIDERS SUBJECT TO UNRELATED BUSINESS INCOME TAX INCLUDE INSURANCE PRODUCTS (CREDIT LIFE AND DISABILITY, ACCIDENTAL DEATH AND DISMEMBERMENT, GAP, GROUP LIFE, HEALTH, CANCER AND DENTAL), SECURITIES AND INVESTMENT PRODUCTS AND FEES FROM NONMEMBER ATM USAGE. TAMS ARE ISSUED BY THE IRS NATIONAL OFFICE, WHEN REQUESTED, IF THERE IS A DISAGREEMENT BETWEEN A TAXPAYER AND A REVENUE AGENT OR APPEAL'S OFFICER AS TO HOW TO INTERPRET AND APPLY THE INTERNAL REVENUE LAWS TO SPECIFIC SET OF FACTS. ALTHOUGH THESE TAMS HAVE NO PRECEDENTIAL VALUE, THEY SET FORTH THE IRS' POSITION THAT CERTAIN SOURCES OF INCOME ARE NOT RELATED TO THE EXEMPT PURPOSE OF A STATE-CHARTERED CREDIT UNION AND ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE CREDIT UNION FILED AN INCOME TAX RETURN FOR ITS UNRELATED BUSINESS INCOME BEGINNING WITH TAX YEAR ENDED DECEMBER 31, 2009. HOWEVER, THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. HOWEVER, RECENT COURT CASES HAVE RULED IN FAVOR OF CREDIT UNIONS AND CONCLUDED THAT THE SALE OF INSURANCE PRODUCTS, AND THE SALE OF FINANCIAL PRODUCTS AND SERVICES TO MEMBERS IS EXEMPT FROM UNRELATED BUSINESS INCOME TAX. FURTHERMORE, THE RECENT COURT CASES SUGGESTS THE IRS WOULD ONLY GO BACK SIX YEARS NOTWITHSTANDING THAT TAX RETURNS WERE NOT FILED FOR YEARS PRIOR. THE IRS HAS DECIDED NOT TO APPEAL THE FINDINGS IN THESE CASES. BASED ON THESE RECENT COURT CASES AND THE IRS DECISION TO NOT APPEAL THEM, MANAGEMENT DOES NOT BELIEVE THAT INCOME TAXES FROM ACTIVITIES DEEMED UNRELATED WOULD HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. VARIOUS LEGAL CLAIMS ALSO ARISE FROM TIME TO TIME IN THE NORMAL COURSE OF BUSINESS WHICH, IN THE OPINION OF MANAGEMENT, WILL HAVE NO MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL STATEMENTS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| CITY OF EAST MOLINE | |||||||
| 916 16TH AVENUE | EAST MOLINE | IL | 61244 | 366005860 | CITY OF EAST MOLINE | 10000 | CITY FIREWORKS DISPLAY - JULY 2011 |
| UNITED WAY OF THE QUAD CITIES | |||||||
| 3247 EAST 35TH STREET COURT | DAVENPORT | IA | 52807 | 362725960 | 501(C)(3) | 9495 | GENERAL SUPPORT |
| FAMILY MUSEUM | |||||||
| 2900 LEARNING CAMPUS DRIVE | BETTENDORF | IA | 52722 | 611508009 | 501(C)(3) | 4500 | GENERAL SUPPORT |
| JUNIOR ACHIEVEMENT OF THE QUAD CITIES | |||||||
| 800 12TH AVE | MOLINE | IL | 61265 | 362684253 | 501(C)(3) | 9549 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE ORGANIZATION ISSUES ALL FUNDS DIRECTLY TO THE RECIPIENT ORGANIZATION FOR USE AT THEIR DISCRETION OR TO THE APPLICABLE EDUCATIONAL INSTITUTION FOR APPLICATION TO THE STUDENT'S ACCOUNT. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TERRY BRAHM | |||||||||||||
| 256938 | 0 | 53714 | 0 | 28338 | 0 | 13408 | 0 | 15775 | 0 | 368173 | 0 | 0 | 0 |
| KEVIN PIEPER | |||||||||||||
| 141563 | 0 | 26348 | 0 | 6511 | 0 | 10264 | 0 | 15775 | 0 | 200461 | 0 | 0 | 0 |
| JAY ENGLAND | |||||||||||||
| 141563 | 0 | 26348 | 0 | 8759 | 0 | 10264 | 0 | 15775 | 0 | 202709 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | DHCU PROVIDES THE FOLLOWING TO INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE 1A: TRAVEL FOR COMPANIONS: THIS BENEFIT IS OFFERED TO THE PRESIDENT OF THE ORGANIZATION. THE ORGANIZATION INCLUDES THE AMOUNT IN REPORTABLE COMPENSATION OF THE PARTICIPATING INDIVIDUAL. HEALTH CLUB DUES: THIS BENEFIT IS OFFERED TO THE TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION. THE DUES ARE INCLUDED IN THE REPORTABLE COMPENSATION FOR THE PARTICIPATING INDIVIDUALS. |
| PART I, LINE 4B | PART I, LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN IN 2011 SPONSORED BY DHCU: TERRY BRAHM - $127,800, JAY ENGLAND - $8,698, AND DENISE CAROTHERS - $4,068. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY DHCU ON BEHALF OF THE INDIVIDUALS TO THE PLAN IN 2011. |
Schedule L IRS990ScheduleL
Loan Table LoanTable (23 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| STEVE KRATZBERG | ||||||
| MORTGAGE | X | $205,000 | 189853 | 0 | 1 | 1 |
| TERESA VANDYKE | ||||||
| MORTGAGE | X | $120,500 | 116498 | 0 | 1 | 1 |
| WILLIAM RON TRICE | ||||||
| VEHICLE | X | $9,000 | 6637 | 0 | 1 | 1 |
| ROBERT GOMEZ | ||||||
| HOME ADVANTAGE | X | $24,000 | 21276 | 0 | 1 | 1 |
| WILLIAM LAUPER | ||||||
| MORTGAGE | X | $63,000 | 54868 | 0 | 1 | 1 |
| JULIE GERMERAAD JAMES | ||||||
| MORTGAGE | X | $153,000 | 148519 | 0 | 1 | 1 |
| JULIE GERMERAAD JAMES | ||||||
| VEHICLE | X | $16,319 | 11077 | 0 | 1 | 1 |
| VINCENT PAPISH | ||||||
| VEHICLE | X | $30,239 | 1681 | 0 | 1 | 1 |
| DEE CAROTHERS | ||||||
| VEHICLE | X | $38,687 | 28057 | 0 | 1 | 1 |
| KEVIN PIEPER | ||||||
| MORTGAGE | X | $218,558 | 190781 | 0 | 1 | 1 |
| KEVIN PIEPER | ||||||
| VEHICLE | X | $32,054 | 19147 | 0 | 1 | 1 |
| KEVIN PIEPER | ||||||
| VEHICLE | X | $24,800 | 23891 | 0 | 1 | 1 |
| WILLIAM RON TRICE | ||||||
| SHARE SECURED | X | $15,181 | 8828 | 0 | 1 | 1 |
| JULIE GERMERAAD JAMES | ||||||
| BUSINESS MORTGAGE | X | $104,000 | 100670 | 0 | 1 | 1 |
| DEE CAROTHERS | ||||||
| FIX EQUITY | X | $120,000 | 74636 | 0 | 0 | 0 |
| KEVIN PIEPER | ||||||
| SIGNATURE | X | $6,938 | 4919 | 0 | 1 | 1 |
| KEVIN PIEPER | ||||||
| SIGNATURE SPN | X | $36,309 | 0 | 0 | 1 | 1 |
| KEVIN PIEPER | ||||||
| HOME ADVANTAGE | X | $41,800 | 39279 | 0 | 1 | 1 |
| TERRY BRAHM | ||||||
| VEHICLE | X | $65,000 | 53130 | 0 | 1 | 1 |
| MATTHEW MCCOMBS | ||||||
| VEHICLE | X | $19,203 | 18040 | 0 | 1 | 1 |
| MATTHEW MCCOMBS | ||||||
| SPN | X | $350,000 | 350000 | 0 | 1 | 1 |
| MATTHEW MCCOMBS | ||||||
| MORTGAGE | X | $429,300 | 426994 | 0 | 1 | 1 |
| JAY ENGLAND | ||||||
| VEHICLE | X | $38,375 | 36687 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1925468 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | DHCU HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION A, LINE 7A | DHCU HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | MCGLADREY LLP, THE ACCOUNTING FIRM PREPARING THE 990 TAX RETURN FOR DHCU, WILL PRESENT THE FINAL FORM 990 TO THE BOARD OF DIRECTORS AND PROVIDE AN OVERVIEW OF THE INFORMATION REPORTED PRIOR TO THE FILING OF THE 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EXECUTIVES, MANAGERS, AND EMPLOYEES MUST AVOID ANY CONFLICTS OF INTEREST BETWEEN THEMSELVES AND DHCU. SPECIFICALLY, NO EXECUTIVE, MANAGER, OR EMPLOYEE SHALL MAKE ANY INVESTMENT, ACCEPT ANY POSITION OR BENEFITS, PARTICIPATE IN ANY TRANSACTION OR BUSINESS ARRANGEMENT OR OTHERWISE ACT IN A MANNER THAT CREATES OR APPEARS TO CREATE A CONFLICT OF INTEREST WITH DHCU UNLESS SUCH PERSON MAKES FULL DISCLOSURE OF ALL FACTS AND CIRCUMSTANCES TO, AND OBTAINS THE PRIOR WRITTEN APPROVAL OF THE VICE PRESIDENT OF HUMAN RESOURCES. ADDITIONALLY, DHCU REQUIRES ALL INTERESTED PERSONS DICLOSE ANNUALLY ANY RELATIONSHIP THAT COULD GIVE RISE TO A CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15A | IN JANUARY THE EXECUTIVE COMMITTEE COMPLETES THE PRESIDENT/CEO'S ANNUAL REVIEW BASED ON TWO SECTIONS: 1. OBJECTIVE FACTORS BASED ON DHCU'S FINANCIAL PERFORMANCE, AND 2. SUBJECTIVE FACTORS BASED ON HOW THE EXECUTIVE COMMITTEE FEELS THE PRESIDENT/CEO HAS PERFORMED THE DUTIES AND RESPONSIBILITIES OF HIS POSITION. THIS PROCESS RESULTS IN A SUMMARY SCORE THAT IS APPLIED TO A SALARY RANGE TABLE THAT DETERMINES THE YEAR END BONUS PERCENTAGE AND ANNUAL BASE PAY INCREASE OF THE PRESIDENT/CEO. THE ENTIRE PROGRAM WAS DEVELOPED BY BAUSCHKE AND ASSOCIATES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. | |
| FORM 990, PART X, LINE 24E | PROVISION FOR LOAN LOSS EXPENSE: TOTAL EXPENSES 904,371. EQUIPMENT RENTAL & MAINTENANCE EXPENSE: TOTAL EXPENSES 482,247. BILL PAYER EXPENSE: TOTAL EXPENSES 317,150. REBATE EXPENSE: TOTAL EXPENSES 308,932. MISCELLANEOUS EXPENSE: TOTAL EXPENSES 277,908. DATA PROCESSING EXPENSE: TOTAL EXPENSES 212,349. MORTGAGE EXPENSE: TOTAL EXPENSES 176,461. FORECLOSED REAL ESTATE EXPENSE: TOTAL EXPENSES 141,171. LOAN RECORDING FEE EXPENSE: TOTAL EXPENSES 123,991. EDUCATION EXPENSE: TOTAL EXPENSES 80,909. SUPERVISION EXPENSE: TOTAL EXPENSES 67,108. CONSUMER CREDIT REPORT EXPENSE: TOTAL EXPENSES 63,732. FREE CHECK EXPENSE: TOTAL EXPENSES 61,853. LEAGUE DUES & OTHER EXPENSES: TOTAL EXPENSES 55,659. REAL ESTATE TAX SERVICE: TOTAL EXPENSES 50,403. FEDERAL TAX EXPENSE: TOTAL EXPENSES 48,468. CHECK LOSS EXPENSE: TOTAL EXPENSES 24,520. CHEX SYSTEM/SCREENING EXPENSE: TOTAL EXPENSES 17,452. ILLINOIS SALES TAX EXPENSE: TOTAL EXPENSES 17,342. SUBSCRIPTIONS & PUBLICATIONS EXPENSE: TOTAL EXPENSES 7,417. VEHICLES IN LIQUIDATION EXPENSE: TOTAL EXPENSES 6,796. FINANCIAL PLANNING EXPENSE: TOTAL EXPENSES 5,403. DHCU ERROR EXPENSE: TOTAL EXPENSES 2,877. BROKERS FEE EXPENSE: TOTAL EXPENSES 2,820. SAVINGS WRITE OFF EXPENSE: TOTAL EXPENSES 751. CASH OVER(SHORT) EXPENSE: TOTAL EXPENSES 310. | ALL OTHER FUNCTIONAL EXPENSES |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -275,475. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART IV, LINE 12A & PART XII, LINE 2B & 2D | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE STATEMENTS ARE AUDITED ON A FISCAL YEAR-END OF MARCH 31, 2012 WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31, 2011. | |
| FORM 990, PART X, COLUMN A, LINES 2, 12, AND 15 | IN 2011, DHCU DETERMINED THAT IT WAS MORE APPROPRIATE TO INCLUDE IN COLUMN (B) (END OF YEAR) FOR LINE 2 (SAVINGS AND TEMPORARY CASH INVESTMENTS) CERTAIN ITEMS INCLUDED IN PRIOR YEAR FORMS 990 IN LINES 12 (INVESTMENTS - OTHER SECURITIES) AND 15 (OTEHR ASSETS), RESPECTIVELY. CONFORMING ADJUSTMENTS HAVE BEEN MADE TO THE 2011 BEGINNING OF YEAR AMOUNTS LISTED IN COLUMN (A) OF PART X. |