2011-05-16T11:53:24-07:00 2010-12-31 990 2010-01-01 366111536 OAK TRUST CREDIT UNION OAKT 8002326728 1811 W Diehl Road Suite 700 Naperville IL 60563 Mario Aguirre 6307922965 2011-04-29 2010 2016-03-07 17:11:31Z James Dean 1811 W Diehl Road Suite 700 Naperville IL 60563 4813040 0 X www.oaktrust.com X Credit Union 1964 IL Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide financial products and services to members. 7 6 33 9 0 0 0 0 5237815 4676229 124613 136811 0 0 5362428 4813040 0 0 0 0 1782247 1437774 0 0 0 4127433 3569472 5909680 5007246 -547252 -194206 72183138 69977439 63715888 61808123 8467250 8169316 Oak Trust Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide financial products and services to members. 0 0 5007246 4216201 Provide financial services such as Loans, Savings Accounts, Checking Accounts, Retirement Accounts, as well as financial planning for 10,688 credit union members. 0 0 0 5007246 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1679 0 1 33 1 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL MN X Mario Aguirre 6307922965 1811 W Diehl Road Suite 700 Naperville IL 60563 James Broz 2 X 0 0 0 Dan Aloia 2 X 0 0 0 James Reinhardt 2 X 0 0 0 Kevin Menser 2 X 0 0 0 Tim Keefe 2 X 0 0 0 Luann Lewis 2 X 0 0 0 Joanne Rock 2 X 0 0 0 John Osterhout 2 X 0 0 0 James Dean 50 X 200051 0 27831 Mario Aguirre 50 X 95036 0 0 Susan Zimmer 0 X 0 0 0 295087 0 27831 1 1 1 1 John Drak and Associates 903 Commerce Drive Suite 302 Oak Brook IL 60523 Technical Support 143729 Fiserv 455 South Gulph Road Suite 201 King of Prussia PA 19406 Data Processor 105400 Blue Cross Blue Shield of Illinois PO BOX 1186 Chicago IL 60690 Health Insurance 185585 3 0 0 0 0 0 0 0 0 Interest Income Generated from Loans 522130 3536428 3536428 0 0 Fee Income 522130 1139801 1139801 0 0 0 0 0 0 4676229 136811 136811 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4813040 4813040 0 0 0 0 0 0 0 0 0 0 306418 306418 0 0 868025 868025 24395 24395 127814 127814 111122 111122 11891 11891 0 0 0 0 0 0 0 0 0 0 0 0 113199 113199 0 0 225423 225423 0 0 208698 208698 37994 37994 0 0 47850 47850 0 0 0 0 507075 507075 16613 16613 Dividend Expense 596839 596839 0 0 Provision for Loan Loss 596509 596509 0 0 Audit and Exam Expenses 63714 63714 0 0 Loan Servicing 50328 50328 0 0 Credit Union Operations 708778 708778 0 0 384561 384561 5007246 5007246 0 0 542414 305487 3164664 5238673 0 0 5986 6702 242737 230295 0 0 60869089 49300674 0 0 114424 120393 4527584 1232263 3508087 3295321 2647814 5333217 4213353 0 0 1087923 1933324 72183138 69977439 374493 491758 0 0 0 0 0 0 0 63341395 61316365 63715888 61808123 X 0 0 0 0 8467250 8169316 8467250 8169316 72183138 69977439 X -194206 -103728 X 0 0 0 0 2127926 2127926 0 782140 77544 704596 0 295907 198000 97907 0 669249 628343 40906 0 652362 328376 323986 3295321 Certificate of Deposit 4058000 C Illinois Credit Union League Service Corporation 150000 C CU Companies Stock 5353 F 4213353 0 Total Shares 40817062 Total Regular Certificates of Deposit 13880406 Total IRA Certificates of Deposit 6595324 Checking Overdrafts 23573 61316365 X X X 1 1 X 0 0 0 James Dean 200051 0 11331 0 16500 0 0 0 0 0 227882 0 0 0 Mario Aguirre 95036 0 0 0 0 0 0 0 0 0 95036 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Business Travel Expenses. Oak Trust Credit Union will reimburse employees for reasonable business travel expenses incurred while on assignments away from the normal work location. If approved, the actual costs of travel, meals, lodging, and other expenses directly related to accomplishing business travel objectives will be reimbursed by Oak Trust Credit Union. Unless otherwise agreed to, employees will not receive reimbursement beyond the daily stipend limit of $40 established for employee meals. Mileage reimbursement for 2010 is $0.55 per mile. Please refer to www.irs.gov. To calculate office to office travel, use total mileage driven minus your normal commute mileage. For example, if you've driven a total of 99 miles for the day and your normal commute is 62 miles, you would be reimbursed for 37 miles. Employees who are involved in an accident while traveling on business must promptly report the incident to the proper law enforcement authorities, their immediate supervisor, and the CEO or Vice President of Finance. With prior approval, a family member or friend may accompany employees on business travel. Generally, employees are also permitted to combine personal travel with business travel, as long as time away from work is approved. The presence of a companion or adding personal travel should not interfere with the business objectives for the travel. Additional expenses arising from such non-business travel or non-employees are the responsibility of the employee. When travel is completed, employees should submit completed travel expense reports within 30 days. Receipts for all individual expenses of 25 dollars or more must accompany reports. Employees should contact HR for guidance and assistance on procedures related to travel arrangements, expense reports, reimbursement for specific expenses, or any other business travel issues. Abuse of this business travel expenses policy, including falsifying expense reports to reflect costs not incurred by the employee, can be grounds for disciplinary action, up to and including termination of employment. Tim Keefe Home Equity Loan X 98000 81661 0 1 1 James Broz Consumer Loans X 30410 26790 0 1 1 Kevin Menzer Home Equity Line of Credit X 25000 17780 0 1 1 James Reinhardt Consumer Loan X 5000 1731 0 1 1 Joanne Rock Consumer and Home Equity Loan X 80500 42978 0 1 1 James Dean Consumer Loan and Home Equity Loan X 60750 58073 0 1 1 Mario Aguirre Consumer Loan X 7500 1282 0 1 1 230295 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a The Chief Financial Officer prepares the form and the Chief Executive Officer reviews and approves 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The credit union directors, officers, and committee members will not be paid for their services, except as permitted by the DFPR. The regulator indicates that the only person who may receive compensations is the Treasurer. Expense reimbursement: all directors, officers, and committee members are eligible for reimbursement for travel not to exceed $300 with a maximum of $3600 annually; for travel to board meetings or committee meetings. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The organization makes its governing documents and financial statements available to the public upon request. Financial performance information is available on our website and is posted in a location visible to the public in all retail facilities. F990_P11_S00_L05 Form 990, Part XI, Line 5 Accumulated Unrealized Losses on Available for Sale Securities: $98,594. Prior Period (2009) Balance Adjustment: $5,134