First Illinois Credit Union
- Assets
- $47.7m
- Revenue
- $2.6m
- Investments
- $11.5m
- Employees
- 32
- Location
- Danville, IL
- Founding
- Data as of
- 12/2015
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
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 |
|---|---|---|---|
Rochelle Hill Director | Trustee | 1 | $0 |
Kathleen Hoaks Director | Trustee | 1 | $0 |
Terri Weidenburner Sec/treas | OfficerTrustee | 1 | $0 |
Timothy Scarlett Director | Trustee | 1 | $0 |
John Vogt Chairperson | OfficerTrustee | 1 | $0 |
William Thoma Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $56,561 |
| 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 | $2,605,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $948,569 |
| Pension plan accruals and contributions | $1,303 |
| Other employee benefits | $97,297 |
| Payroll taxes | $87,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,312 |
| Fees for services: Accounting | $14,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,038 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $82,198 |
| Total functional expenses | $2,505,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,460,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $491,140 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,249,680 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,514,707 |
| Net Land, buildings, and equipment | $1,321,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,540,094 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,734 |
| Total assets | $47,665,029 |
| Accounts payable and accrued expenses | $952,980 |
| 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 | $43,215,581 |
| Total liabilities | $44,168,561 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $3,496,468 |