OAK TRUST CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: OAK TRUST CREDIT UNION (EIN 36-6111536)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-08-13
IRS object ID: 201232269349302563
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 D
Schedule J
Schedule L
Schedule O
Reasonable Cause Explanation

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-08-13T13:57:40-07:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	366111536	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	OAK TRUST CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	OAKT	NameControl
Phone	8002326728	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1811 W Diehl Road	AddressLine1
Address Line2	Suite 700	AddressLine2
City	Naperville	City
State	IL	State
ZIP Code	60563	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Mario Aguirre	Name
Title	CFO, VP of Finance	Title
Phone	6307922965	Phone
Date Signed	2012-05-15	DateSigned

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	James Dean	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	1811 W Diehl Road	AddressLine1
Address Line2	Suite 700	AddressLine2
City	Naperville	City
State	IL	State
ZIP Code	60563	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	4141759	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.oaktrust.com	WebSite
Type Of Organization Other	X	TypeOfOrganizationOther
Type Of Org Other Description	Credit Union	TypeOfOrgOtherDescription
Year Formation	1964	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide financial products and services to members.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	26	TotalNbrEmployees
Total Nbr Volunteers	10	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	0	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	4676229	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3845391	ProgramServiceRevenueCY
Investment Income Prior Year	136811	InvestmentIncomePriorYear
Investment Income Current Year	122472	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	4813040	TotalRevenuePriorYear
Total Revenue Current Year	3967863	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	1437774	SalariesEtcPriorYear
Salaries Etc Current Year	1300322	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	3569472	OtherExpensePriorYear
Other Expenses Current Year	2766833	OtherExpensesCurrentYear
Total Expenses Prior Year	5007246	TotalExpensesPriorYear
Total Expenses Current Year	4067155	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-194206	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-99292	RevenuesLessExpensesCY
Total Assets BOY	69977439	TotalAssetsBOY
Total Assets EOY	64137088	TotalAssetsEOY
Total Liabilities BOY	61808123	TotalLiabilitiesBOY
Total Liabilities EOY	55919590	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	8169316	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	8217498	NetAssetsOrFundBalancesEOY
Mission Description	Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide financial products and services to members.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	4067155	Expense
Grants	0	Grants
Revenue	3967863	Revenue
Description	Provide financial services such as loans, Savings Accounts, Checking Accounts, Retirement Accounts, as well as financial planning support to 9,833 members.	Description
Total Of Other Program Service Exp	0	TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt	0	TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev	0	TotalOfOtherProgramServiceRev
Total Program Service Expense	4067155	TotalProgramServiceExpense
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	1	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	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	0	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	1742	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	26	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	1	NonDeductibleContributions
Non Deductible Disclosure	0	NonDeductibleDisclosure
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	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	1	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	1	LocalChapters
Policies Reference Chapters	1	PoliciesReferenceChapters
Form990 Provided To Governing Body	0	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	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	MN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Mario Aguirre	NamePerson
Telephone Number	6307922965	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	1811 W Diehl Road	AddressLine1
Address Line2	Suite 700	AddressLine2
City	Naperville	City
State	IL	State
ZIP Code	60563	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (9 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Institutional TrusteeInstitutionalTrustee	Key EmployeeKeyEmployee
James Broz
Board Member	1	X	0	0	0
Dan Aloia
Board Member	1	X	0	0	0
Kevin Menser
Board Member	1	X	0	0	0
Tim Keefe
Board Member	1	X	0	0	0
Joanne Rock
Board Member	1	X	0	0	0
John Osterhout
Board Member	1	X	0	0	0
James Reinhardt
Supervisory Committee Member	1		0	0	0	X
James Dean
CEO and President	50		192315	0	30700		X
Mario Aguirre
Chief Financial Officer	50		98837	0	50		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	291152	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	30750	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	Address Line2AddressOfContractor/AddressUS/AddressLine2	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
John Drake and Associates
903 Commerce Drive	Suite 302	Oak Brook	IL	60523	Technical Support	108784
Fiserv
455 South Gulph Road	Suite 201	King of Prussia	PA	19406	Data Processor	162132
Blue Cross Blue Shield of Illinois
PO BOX 1186		Chicago	IL	60690	Health Insurance	143642

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Total Contributions	0	TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Interest Generated from Loans	522130	2844854	2844854	$0
Fee Income	522130	622584	622584	$0
Other Operating Income	522130	377953	377953	$0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	3845391	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	294122	TotalRevenueColumn
Related Or Exempt Function Income	294122	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	0	Real
Personal	0	Personal

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2246	Securities
Other	0	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	0	Securities
Other	173896	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	2246	Securities
Other	-173896	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-171650	TotalRevenueColumn
Related Or Exempt Function Income	-171650	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	0	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3967863	TotalRevenueColumn
Related Or Exempt Function Income	3967863	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	291151	Total
Program Services	291151	ProgramServices

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	756628	Total
Program Services	756628	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	22829	Total
Program Services	22829	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	123772	Total
Program Services	123772	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	105942	Total
Program Services	105942	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	19130	Total
Program Services	19130	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	78604	Total
Program Services	78604	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	280388	Total
Program Services	280388	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	186317	Total
Program Services	186317	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	21058	Total
Program Services	21058	ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	21058	Total
Program Services	21058	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total
Program Services	0	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	128903	Total
Program Services	128903	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	26478	Total
Program Services	26478	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Dividend Expense	383324	383324
Provision for Loans Losses	576266	576266
Audit and Exam Expenses	54714	54714
Misc. Credit Union Operations	990593	990593

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	4067155	Total
Program Services	4067155	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	305487	BOY
EOY	261357	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	5238673	BOY
EOY	4536758	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6702	BOY
EOY	0	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
BOY	230295	BOY
EOY	229044	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	0	BOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	49300674	BOY
EOY	42019210	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	120393	BOY
EOY	131028	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4102566	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	912686	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	3295321	BOY
EOY	3189880	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	5333217	BOY
EOY	4609661	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	4213353	BOY
EOY	8790617	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	0	BOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	0	BOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1933324	BOY
EOY	369533	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	69977439	BOY
EOY	64137088	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	491758	BOY
EOY	1200572	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
EOY	1000000	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	61316365	BOY
EOY	53719018	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	61808123	BOY
EOY	55919590	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	8169316	BOY
EOY	8217498	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	8169316	BOY
EOY	8217498	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	69977439	BOY
EOY	64137088	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-99292	ReconcilationRevenueExpenses
Reconcilation Other Changes	147474	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	1	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	1634426	OtherCostOrOtherBasis
Book Value	1634426	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	782140	OtherCostOrOtherBasis
Depreciation	95309	Depreciation
Book Value	686831	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	295907	OtherCostOrOtherBasis
Depreciation	246955	Depreciation
Book Value	48952	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	784689	OtherCostOrOtherBasis
Depreciation	566006	Depreciation
Book Value	218683	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	0	InvestmentCostOrOtherBasis
Other Cost Or Other Basis	605404	OtherCostOrOtherBasis
Depreciation	4416	Depreciation
Book Value	600988	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	3189880	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (6 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Membership Shares in Alloya Corporate FCU	80000	F
Certificates of Deposit at Other Financial Institutions	7684000	C
Federal Home Loan Bank of Chicago Stock	276300	F
NCUA Share Insurance Fund Deposit	594964	C
ICUL Service Corporation	150000	F
CU Companies	5353	F

Field	Value	IRS element (for citing)
Total Of Book Value Securities	8790617	TotalOfBookValueSecurities

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Member Deposits	Description
Amount	$53,719,018	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	53719018	TotalOfAmounts

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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 (2 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 Related OrgsCompReportPrior990RelatedOrgs	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg
James Dean
192315	0	14200	0	16500	0	0	0	0	0	223015	0	0
Mario Aguirre
98837	0	0	0	50	0	0	0	0	0	98887	0	0	0

Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SchJ_P01_S00_L03	Schedule J, Part I, Line 3	Policy: It shall be the policy of the board of directors of Oak Trust Credit Union to evaluate the performance of its CEO annually. The evaluation shall be completed in June of each year. The purpose of the evaluation is to improve the performance of the CEO. Procedure: The evaluation process shall begin each December for the preceding 12 months of the year. Directors shall keep in mind that their frank feedback will be useful in helping the CEO know where to improve, as the various directors perceive it. In preparation for the evaluation, the board chair shall review the Evaluation Worksheet. Along with the CEO Evaluation Worksheet, each director shall receive a copy of the CEO's job description and his/her current contract. Further, each director is encouraged to think back and review the entire year so as to give a fair and honest evaluation. If necessary, a review of board minutes and meeting packages may be used to refresh your memory. If additional information is needed, board members shall request said information from the CEO or the board chair. It shall be the responsibility of the Executive Committee to locate any documents board members need to adequately address an issue. It is helpful for specific examples to be provided. Once the individual evaluations have been completed, they shall be returned to the board chair as soon as possible, but no later than June 10. After reviewing all the evaluations, the board chair will compile the results in a written format. After completing this task, the board chair shall review this composite worksheet with the Executive Committee.
SchJ_P01_S00_L04	Schedule J, Part I, Line 4	Jim Dean, CEO, received $16,500 as part of a 457 (b) contribution plan

Schedule L IRS990ScheduleL

Loan Table LoanTable (7 entries)

Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
Tim Keefe
Consumer Loan	X	$98,000	83776	0	1	1
James Broz
Consumer	X	$150,410	18894	0	1	1
Kevin Menzer
RE HELOC	X	$25,000	12153	0	1	1
James Reinhardt
Consumer Loan	X	$5,000	70	0	1	1
Joanne Rock
Consumer Loan	X	$80,500	41587	0	1	1
James Dean
Consumer Loan	X	$99,045	56752	0	1	1
Daniel Aloia
Consumer Loan	X	$19,000	15811	0	1	1

Field	Value	IRS element (for citing)
Total Balance Due	229043	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
F990_P06_S0A_L06	Form 990, Part VI, Section A, Line 6	Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
F990_P06_S0A_L07a	Form 990, Part VI, Section A, Line 7a	Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.
F990_P06_S0A_L07b	Form 990, Part VI, Section A, Line 7b	Credit union members also have the right to vote and influence the direction of the credit union. A credit union is led by a board of directors (all of whom must be members themselves), which is elected by the credit union membership. If members want things to change at the credit union, they vote for a board member that shares their philosophy. Each member gets one vote; votes are not allotted depending on how much you keep at the credit union. As a result, all credit union members have an equal voice when voting.
F990_P06_S0B_L11b	Form 990, Part VI, Section B, Line 11b	The Chief Financial Officer prepares the Form 990 Tax report and the CEO reviews it.
F990_P06_S0B_L12c	Form 990, Part VI, Section B, Line 12c	Employees and directors have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. This policy establishes only the framework within which Oak Trust Credit Union wishes the business to operate. The purpose of these guidelines is to provide general direction so that employees can seek further clarification on these issues related to the subject of acceptable standards of operation. An actual or potential conflict of interest occurs when an employees or director is in a position to influence a decision that may result in a personal gain for that person or for a relative as a result who is related by blood or marriage, or whose relationship with the employee is similar to that of persons who are related by blood or marriage. An Oak Trust Credit Union employee or director shall not represent Oak Trust Credit Union in any transaction where he or she has any material connection or financial interest. This policy includes, but is not limited to, approval of credit union overdrafts, and waiving of credit union charges, late charges, or other normal fees. It also includes making loans or any similar type of activity. Personal gain may also result in cases where an employee or director or relative has significant ownership in a firm which Oak Trust Credit Union does business or when an employee or director or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any business dealings involving Oak Trust Credit Union. It is imperative that all relationships that could result in a potential conflict of interest be disclosed so that safeguards can be established to protect all parties. The following scenarios are examples of relationships that would require disclosure: A. You are selling a piece of land being financed by the credit union You have an interest in a business from which the credit union buys supplies B. Your brother owns the appraisal agency used by the credit union for real estate appraisals. C. You work as an employee or consultant for another credit union, bank, or competitor. D. You elect to waive a fee for a family member, friend or fellow employee.
F990_P06_S0B_L15	Form 990, Part VI, Section B, Line 15	Policy: It shall be the policy of the board of directors of Oak Trust Credit Union to evaluate the performance of its CEO annually. The evaluation shall be completed in June of each year. The purpose of the evaluation is to improve the performance of the CEO. Procedure: The evaluation process shall begin each December for the preceding 12 months of the year. Directors shall keep in mind that their frank feedback will be useful in helping the CEO know where to improve, as the various directors perceive it. In preparation for the evaluation, the board chair shall review the Evaluation Worksheet. Along with the CEO Evaluation Worksheet, each director shall receive a copy of the CEO's job description and his/her current contract. Further, each director is encouraged to think back and review the entire year so as to give a fair and honest evaluation. If necessary, a review of board minutes and meeting packages may be used to refresh your memory. If additional information is needed, board members shall request said information from the CEO or the board chair. It shall be the responsibility of the Executive Committee to locate any documents board members need to adequately address an issue. It is helpful for specific examples to be provided. Once the individual evaluations have been completed, they shall be returned to the board chair as soon as possible, but no later than June 10. After reviewing all the evaluations, the board chair will compile the results in a written format. After completing this task, the board chair shall review this composite worksheet with the Executive Committee.
F990_P06_S0C_L19	Form 990, Part VI, Section C, Line 19	The monthly financial statements are posted in an area visible to the public in all branch sites. All other informational material may be available upon request.
F990_P11_S00_L05	Form 990, Part XI, Line 5	Net Change in Unrealized Gain/Loss on US Securities

Reasonable Cause Explanation ReasonableCauseExplanation

Field	Value	IRS element (for citing)
Explanation	The filing was submitted late due to a change in data processing systems.	Explanation