First Illinois Credit Union
- Assets
- $47.9m
- Revenue
- $2.8m
- Investments
- $10.1m
- Employees
- 32
- Location
- Danville, IL
- Founding
- Data as of
- 12/2016
- EIN
- 37-0797063
Organization Overview
First Illinois Credit Union is located in Danville, IL. As of 12/2015, First Illinois Credit Union employed 32 individuals. First Illinois Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2016, First Illinois Credit Union generated $2.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.6m during the year ending 12/2016. While expenses have increased by 1.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
BENEFIT CREDIT UNION MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFIT CREDIT UNION MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hegg President/finance | Officer | 50 | $105,000 |
Terri Weidenburner Sec/treas | OfficerTrustee | 1 | $0 |
John Vogt Chairperson | OfficerTrustee | 1 | $0 |
Nancy O'kane Vice Chairperson | OfficerTrustee | 1 | $0 |
Rochelle Hill Director | Trustee | 1 | $0 |
Kathleen Hoaks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $123,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,775,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,481 |
| Pension plan accruals and contributions | $319 |
| Other employee benefits | $104,977 |
| Payroll taxes | $73,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,108 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,368 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,688 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,374 |
| Interest | $453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $87,039 |
| Total functional expenses | $2,572,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,204,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $451,085 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,327,312 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,203,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,077,458 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,051 |
| Total assets | $47,917,523 |
| Accounts payable and accrued expenses | $539,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,678,052 |
| Total liabilities | $44,217,925 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,699,598 |
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