HEALTHCARE ASSOCIATES CREDIT UNION: Form 990, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- HEALTHCARE ASSOCIATES CREDIT UNION (EIN 36-3047069)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-05-07
- IRS object ID
- 202631279349303463
- Schema version
- 2025v4.1
- 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) |
|---|---|---|
| Return | 2026-05-07T14:24:24-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 575 MARKET STREET SUITE 3300 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 941055829 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363047069 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEALTHCARE ASSOCIATES CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HEAL | BusinessNameControlTxt |
| Phone | 6302765555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3053 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60566 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOSEPH J KREGUL | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6302765555 | PhoneNum |
| Signature | 2026-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DIANE KIRMACI | PreparerPersonNm |
| PTIN | P01578407 | PTIN |
| Phone | 4155761100 | PhoneNum |
| Preparation | 2026-04-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOSEPH J KREGUL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3053 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60566 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $29,026,970 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.HACU.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1979 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | HEALTHCARE ASSOCIATES CREDIT UNION'S MISSION IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF REASONABLE CREDIT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 74 | TotalEmployeeCnt |
| Total Volunteers | 1 | TotalVolunteersCnt |
| Total Gross UBI | $56,548 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $2,618 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,054,863 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $24,035,166 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,367,171 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,980,488 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,383 | PYOtherRevenueAmt |
| CY Other Revenue | $11,316 | CYOtherRevenueAmt |
| PY Total Revenue | $28,435,417 | PYTotalRevenueAmt |
| CY Total Revenue | $29,026,970 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,346,401 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $6,244,918 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,172,504 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,258,821 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,534,265 | PYOtherExpensesAmt |
| CY Other Expenses | $13,339,174 | CYOtherExpensesAmt |
| PY Total Expenses | $25,053,170 | PYTotalExpensesAmt |
| CY Total Expenses | $26,842,913 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,382,247 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,184,057 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $464,792,724 | TotalAssetsBOYAmt |
| Total Assets EOY | $479,437,833 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $414,130,808 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $420,854,064 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $50,661,916 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,583,769 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF HEALTHCARE ASSOCIATES CREDIT UNION IS TO ENCOURAGE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF REASONABLE CREDIT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | LOANS ARE GRANTED TO INDIVIDUALS WHO ARE MEMBERS THAT ARE IN GOOD STANDING WITH THE CREDIT UNION AND WHO QUALIFY FOR SUCH LOANS. LOANS PROVIDED CONSIST OF HOME EQUITY, CREDIT CARD, AND VEHICLE LOANS. ALSO, SHAREDRAFT ACCOUNTS ARE OFFERED AT A NO-MONTHLY FEE BASIS TO THOSE MEMBERS WHO APPLY AND ARE IN GOOD STANDING WITH THE CREDIT UNION. AS WELL AS, ATM/DEBIT CARDS AND CHECKCARDS ARE AVAILABLE TO MEMBERS WHO APPLY FOR ELECTRONIC ACCESS TO THEIR ACCOUNTS FOR DEPOSIT AND WITHDRAWAL OF FUNDS AND ACCOUNT INFORMATION. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10131 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 74 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAM DUMOULIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6302765555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3053 | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60566 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DAYLA L RANDOLPH | ||||||||
| VICE CHAIR (THROUGH 2/25)/DIRECTOR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JAMES MARSEILLE | ||||||||
| DIRECTOR (THROUGH 6/25) | 1.00 | Yes (X) | $2,700 | $0 | $0 | |||
| EDWARD HOLZHAUER | ||||||||
| VICE CHAIRMAN (FROM 2/25) | 1.00 | Yes (X) | Yes (X) | $3,600 | $0 | $0 | ||
| DEAN COMBER | ||||||||
| DIRECTOR (FROM 2/25) | 1.00 | Yes (X) | $3,900 | $0 | $0 | |||
| SAMEER SHAH | ||||||||
| DIRECTOR (FROM 2/25) | 1.00 | Yes (X) | $3,900 | $0 | $0 | |||
| WILLIAM J HUFF | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $4,700 | $0 | $0 | |||
| LUCY ZIELINSKI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $4,700 | $0 | $0 | |||
| KENNETH C ROBBINS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $5,300 | $0 | $0 | |||
| KENNETH J ROJEK | ||||||||
| TREAS./SEC.(THROUGH 2/25)/DIRECTOR | 1.00 | Yes (X) | Yes (X) | $6,800 | $0 | $0 | ||
| VINCE D KEENAN | ||||||||
| TREASURER/SECRETARY (FROM 2/25) | 1.00 | Yes (X) | Yes (X) | $7,100 | $0 | $0 | ||
| JACK A GILBERT | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $10,300 | $0 | $0 | ||
| JOSEPH J KREGUL | ||||||||
| PRESIDENT/CEO | 50.00 | Yes (X) | Yes (X) | $468,896 | $0 | $61,248 | ||
| ADAM T DUMOULIN | ||||||||
| SVP/CFO | 50.00 | Yes (X) | $239,885 | $0 | $89,673 | |||
| TODD NIEDERMEIER | ||||||||
| SVP/COO | 50.00 | Yes (X) | $300,233 | $0 | $73,659 | |||
| JORDAN CSEPREGI | ||||||||
| VP MARKETING | 40.00 | $195,013 | $0 | $21,186 | Yes (X) | |||
| ELIAN M CABAN | ||||||||
| VP MEMBER SERVICES | 55.00 | $201,589 | $0 | $24,821 | Yes (X) | |||
| JASON BADE | ||||||||
| VP INFORMATION TECHNOLOGY | 50.00 | $246,865 | $0 | $23,220 | Yes (X) | |||
| NICHOLAS SPALO | ||||||||
| ACCOUNTING MANAGER | 40.00 | $115,772 | $0 | $34,226 | Yes (X) | |||
| SHEENA GIGANTE | ||||||||
| VP BUSINESS DEVELOPMENT | 40.00 | $134,496 | $0 | $13,075 | Yes (X) | |||
| JEAN MORRIS | ||||||||
| VP LENDING | 40.00 | $145,364 | $0 | $39,723 | Yes (X) | |||
| GEORGE DETTLOFF | ||||||||
| COMPLIANCE MANAGER | 40.00 | $101,776 | $0 | $32,799 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,202,889 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $413,630 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JACK HENRY & ASSOCIATES INC | |||||
| 663 W HWY 60 | MONETT | MO | 65708 | CORE DATA PROCESSING SYSTEM SERVICES | $1,418,511 |
| DEVELOPMENT SOLUTIONS INC | |||||
| 1900 SPRING ROAD SUITE 510 | OAK BROOK | IL | 60523 | OFFICE CONSTRUCTION | $1,215,457 |
| ALKAMI TECHNOLOGY | |||||
| 5601 GRANTITE PARKWAY STE 120 | PLANO | TX | 75024 | WEBSITE AND INTERNET BANKING SERVICES | $681,297 |
| BDO DIGITAL | |||||
| PO BOX 642743 | PITTSBURGH | PA | 152642743 | IT CONSULTING | $642,561 |
| HENRICKSON | |||||
| 1101 W THORNDALE | ITASCA | IL | 60143 | OFFICE FURNITURE SOLUTIONS | $301,466 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 21 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBER LOANS | 522100 | $19,749,493 | $19,749,493 | |
| SHARE/CHECK PROGRAM | 522100 | $2,226,380 | $2,191,099 | $35,281 |
| ATM/DEBIT CARD SERVICES | 522100 | $1,052,930 | $1,033,103 | $19,827 |
| CREDIT CARD PROGRAM | 522100 | $775,266 | $775,266 | |
| INSURANCE PROGRAM | 522100 | $231,097 | $231,097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $24,035,166 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,980,488 | TotalRevenueColumnAmt |
| Exclusion | $4,980,488 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SALLIE MAE REFERRAL FEES | 900099 | $9,876 | $9,876 | |
| ILLINOIS VEHICLE REGISTRATION FEE | 561990 | $1,440 | $1,440 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $11,316 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,026,970 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,989,934 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $56,548 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,980,488 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,244,918 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,999,287 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,513,158 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $373,425 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $968,994 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,957 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,541 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,201 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,849,253 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $807,626 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $642,647 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,039,529 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $875,380 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,035 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,106,309 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,518 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,597 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| ATM/INTERNET BRANCH EXP | $1,922,066 |
| LOAN LOSS PROVISION | $1,590,899 |
| LOAN EXPENSES | $802,784 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $561,789 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,842,913 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $744,725 | BOYAmt |
| EOY | $817,455 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,795,537 | BOYAmt |
| EOY | $25,786,341 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,259,499 | BOYAmt |
| EOY | $5,580,036 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $321,149,310 | BOYAmt |
| EOY | $333,336,546 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $287,134 | BOYAmt |
| EOY | $372,036 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $10,227,501 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,463,094 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $765,111 | BOYAmt |
| EOY | $2,764,407 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,043,388 | BOYAmt |
| EOY | $100,486,059 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,748,020 | BOYAmt |
| EOY | $10,294,953 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $464,792,724 | BOYAmt |
| EOY | $479,437,833 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,124,618 | BOYAmt |
| EOY | $8,653,608 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,865 | BOYAmt |
| EOY | $82,576 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $596,186 | BOYAmt |
| EOY | $863,345 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000,000 | BOYAmt |
| EOY | $15,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $394,368,139 | BOYAmt |
| EOY | $396,254,535 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $414,130,808 | BOYAmt |
| EOY | $420,854,064 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,661,916 | BOYAmt |
| EOY | $58,583,769 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,661,916 | BOYAmt |
| EOY | $58,583,769 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $464,792,724 | BOYAmt |
| EOY | $479,437,833 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,184,057 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,309,432 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $428,364 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $12,440 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $12,440 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CUPAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1807 W DIEHL RD | AddressLine1Txt |
| City | NAPERVILLE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60563 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363092340 | EIN |
| Paid Internal Funds | $12,440 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIES | FormAndLineReferenceDesc |
| Explanation | HEALTHCARE ASSOCIATES CREDIT UNION CONTRIBUTED INTO A PAC WITH CUPAC FOR THE CALENDAR YEAR. A SEPERATE FORM 1120-POL WAS FILED TO PAY THE REQUIRED TAX ON THE AMOUNT. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,240,705 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,794,905 | DepreciationAmt |
| Book Value | $1,445,800 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,073,524 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,872,206 | DepreciationAmt |
| Book Value | $1,201,318 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,913,272 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,795,983 | DepreciationAmt |
| Book Value | $117,289 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,764,407 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GOVERNMENT FEDERAL AGENCY SECURITIES | Desc |
| Book Value | $100,486,059 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $100,486,059 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' SHARE ACCOUNTS | Desc |
| Amt | $396,254,535 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $396,254,535 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $34,764,766 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,309,432 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $428,364 | OtherRevenueAmt |
| Revenue Not Reported | $5,737,796 | RevenueNotReportedAmt |
| Revenue Subtotal | $29,026,970 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $29,026,970 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $26,842,913 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $26,842,913 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $26,842,913 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | MEMBERS' ESCROWED FUNDS ARE HELD IN A SHARE ACCOUNT UNTIL ESCROW PAYMENTS ARE DISBURSED. |
| PART X, LINE 2: | THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. THE INTERNAL REVENUE SERVICE ("IRS") AND CERTAIN STATE TAXING AUTHORITIES ARE EVALUATING WHAT, IF ANY, PRODUCTS AND SERVICES PROVIDED BY STATE CHARTERED CREDIT UNIONS OR THEIR CREDIT UNION SERVICE ORGANIZATIONS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"). THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRS CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS ISSUED CERTAIN TECHNICAL ADVICE MEMORANDUMS IDENTIFYING CERTAIN ACTIVITIES AS BEING SUBJECT TO UBIT. AS A RESULT, AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER STATE CHARTERED CREDIT UNIONS SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH CREDIT UNIONS WERE GRANTED NON-TAXABLE STATUS. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED UNRELATED TO THE CREDIT UNION'S NON-TAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON FINANCIAL POSITION OR RESULTS OF OPERATIONS. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THERE WAS NO ACCRUAL NECESSARY AT YEAR-END 2025 AND 2024. THE CREDIT UNION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN THE OPERATIONS SECTION OF THE STATEMENT OF INCOME. THE CREDIT UNION PAID $3 IN UBIT IN 2025 AND $4 IN 2024. NO INTEREST OR PENALTIES WERE INCURRED DURING 2025 AND 2024. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ERC REFUND |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOSEPH J KREGUL | ||||||||||||||
| PRESIDENT/CEO | $381,378 | $0 | $52,579 | $0 | $34,939 | $0 | $29,750 | $0 | $31,498 | $0 | $530,144 | $0 | $0 | $0 |
| TODD NIEDERMEIER | ||||||||||||||
| SVP/COO | $220,965 | $0 | $20,652 | $0 | $58,616 | $0 | $47,695 | $0 | $25,964 | $0 | $373,892 | $0 | $31,452 | $0 |
| ADAM T DUMOULIN | ||||||||||||||
| SVP/CFO | $217,293 | $0 | $21,250 | $0 | $1,342 | $0 | $43,800 | $0 | $45,873 | $0 | $329,558 | $0 | $0 | $0 |
| JASON BADE | ||||||||||||||
| VP INFORMATION TECHNOLOGY | $206,423 | $0 | $39,000 | $0 | $1,442 | $0 | $20,869 | $0 | $2,351 | $0 | $270,085 | $0 | $0 | $0 |
| ELIAN M CABAN | ||||||||||||||
| VP MEMBER SERVICES | $185,467 | $0 | $12,100 | $0 | $4,022 | $0 | $8,027 | $0 | $16,794 | $0 | $226,410 | $0 | $0 | $0 |
| JORDAN CSEPREGI | ||||||||||||||
| VP MARKETING | $182,473 | $0 | $11,800 | $0 | $740 | $0 | $16,606 | $0 | $4,580 | $0 | $216,199 | $0 | $0 | $0 |
| JEAN MORRIS | ||||||||||||||
| VP LENDING | $136,876 | $0 | $5,253 | $0 | $3,235 | $0 | $12,721 | $0 | $27,002 | $0 | $185,087 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FOR CALENDAR YEAR 2025, HACU PROVIDED REIMBURSEMENT OF UP TO $100 PER EMPLOYEE PER CALENDAR YEAR FOR ELIGIBLE GYM MEMBERSHIP FEES. THE BENEFIT WAS AVAILABLE TO EMPLOYEES WHO SUBMITTED RECEIPTS THROUGH THE ORGANIZATION'S EXPENSE REIMBURSEMENT PROCESS. UNUSED AMOUNTS WERE FORFEITED AT YEAR END AND WERE NOT CARRIED OVER. THE ORGANIZATION MAINTAINED A WRITTEN POLICY FOR THIS BENEFIT IN ITS EMPLOYEE HANDBOOK. REIMBURSEMENTS WERE MADE ONLY AFTER SUBSTANTIATION THROUGH SUBMITTED RECEIPTS. AMOUNTS REIMBURSED TO ELIGIBLE EMPLOYEES WERE TREATED AS TAXABLE FRINGE BENEFITS. |
| PART I, LINE 4B | THE FOLLOWING 457(F) CONTRIBUTIONS AND PAYMENTS, RESPECTIVELY, WERE MADE DURING 2025 AND ARE INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMNS B(III), (C), OR (F): TODD NIEDERMEIER: $24,657 / $31,452 ADAM T DUMOULIN $22,500 / $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | HEALTHCARE ASSOCIATES CREDIT UNION IS A MEMBER OWNED COOPERATIVE NONPROFIT ORGANIZATION GOVERNED BY A BOARD OF DIRECTORS. THE BOARD IS COMPRISED OF ACTIVE MEMBERS OF THE CREDIT UNION WHO ARE APPOINTED BY THE MEMBERSHIP THROUGH A DEMOCRATIC ELECTION PROCESS. MEMBERSHIP INCLUDES EMPLOYEES AND THEIR FAMILY MEMBERS OF THE ILLINOIS HOSPITAL ASSOCIATION (IHA) AND ITS SUBSIDIARIES, ORGANIZATIONS THAT ARE MEMBERS OF THE IHA AND PEOPLE RESIDING OR WORKING IN CERTAIN GEOGRAPHICAL LIMITS OF COOK AND DUPAGE COUNTIES OF ILLINOIS. FOR ALL DECISIONS OUTSIDE THE ELECTION OF THE BOARD OF DIRECTORS, EACH MEMBER IS GIVEN ONE VOTE TO CAST ON THE ISSUE AT HAND. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION. ALL VOTING ON THE ELECTION OF DIRECTORS SHALL BE BY BALLOT. EVERY MEMBER HAS THE RIGHT TO VOTE THE NUMBER OF SHARES THEY OWN FOR AS MANY PERSONS AS THERE ARE DIRECTORS TO BE ELECTED. |
| FORM 990, PART VI, SECTION A, LINE 7B | AT ANY MEMBERSHIP MEETING, A MAJORITY OF THE MEMBERS PRESENT MAY DIRECT THE BOARD TO CONSIDER POLICIES PROPOSED BY THE MEMBERS, OR RECONSIDER ANY DECISION OF THE DIRECTORS OR COMMITTEES. FURTHERMORE, THE MEMBERS MUST APPROVE OF ANY CONSOLIDATIONS OR MERGERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS THOROUGHLY REVIEWED BY THE CFO AND THE CEO. EACH BOARD MEMBER RECEIVES A COPY OF THE RETURN FOR THEIR REVIEW, WITH ANY QUESTIONS ADDRESSED DURING A REGULARLY SCHEDULED BOARD MEETING, PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY ALL INTERESTED PERSONS, INCLUDING THE FULL GOVERNING BODY, SIGN A STATEMENT OF DISCLOSURE OF CONFLICTS OF INTEREST QUESTIONNAIRE TO DISCLOSE POTENTIAL CONFLICTS BETWEEN THEMSELVES AND THE CREDIT UNION. INTERNAL MANAGEMENT REVIEWS THE QUESTIONNAIRES AND MONITORS AND ENFORCES COMPLIANCE OF THIS POLICY AT ITS ANNUAL ORGANIZATIONAL MEETING. IF A CONFLICT IS PRESENT, THE BOARD MEMBER WITH THE CONFLICT ABSTAINS FROM VOTING ON THE PARTICULAR ISSUE IN QUESTION. |
| FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| FORM 990, PART VI SECTION B, LINE 15A: | THE CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. EVERY 2-3 YEARS, COMPENSATION IS REVIEWED BY AN INDEPENDENT 3RD PARTY WHERE SALARY IS COMPARED TO OTHER CREDIT UNIONS OF SIMILAR SIZE. ONCE THE BOARD APPROVES THE COMPENSATION THIS DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE LAST THIRD PARTY REVIEW TOOK PLACE IN 2024. |
| FORM 990, PART VI SECTION B, LINE 15B: | THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION FOR OTHER OFFICERS REPORTED IN PART VII. SALARY COMPARISONS ARE PERFORMED AGAINST OTHER CREDIT UNIONS OF SIMILAR SIZE. THIS PROCESS IS PERFORMED ANNUALLY FOR THE CEO AND SVP AND EVERY 2-3 YEARS FOR ALL OTHER POSITIONS BELOW SVP. THE LAST THIRD PARTY REVIEW TOOK PLACE IN 2024. |
| FORM 990, PART XI, LINE 9: | ERC REFUND 428,364. |