All-steel Credit Union
- Assets
- $20.3m
- Revenue
- $831.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Oswego, IL
- Founding
- Data as of
- 12/2018
- EIN
- 36-0719694
Organization Overview
All-steel Credit Union is located in Oswego, IL. As of 12/2018, All-steel Credit Union employed 8 individuals. All-steel 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 12/2018, All-steel Credit Union generated $831.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $820.6k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION DEDICATED TO:1. SERVING THE CHANGING FINANCIAL NEEDS OF THE MEMBERS.2. OFFERING QUALITY SERVICE AND PRODUCTS TO OUR CURRENT AND POTENTIAL MEMBERS.3. HELPING OUR MEMBERS GROW ECONOMICALLY STRONG.4. SUPPORTING THE CREDIT UNION PHILOSOPHY OF PEOPLE HELPING PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS (REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER) ARE GRANTED TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/2017 WAS 900 . VARIOUS TYPES OF DEPOSIT/SHARE ACCOUNTS ARE PROVIDED TO MEMBERS. THE NUMBER OF DEPOSIT/SHARE ACCOUNTS AT 12/31/2017 WAS 2,487.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Lamb President | Officer | 40 | $78,208 |
David Dolder Loan Officer | Officer | 40 | $62,418 |
Donald Tanis Director | Trustee | 4 | $0 |
James R Chione Chairman | Trustee | 4 | $0 |
Dale Leifheit Director | Trustee | 4 | $0 |
Herbert Jebens Partial Yr Treasurer | Trustee | 4 | $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 | $604,893 |
| Investment income | $226,965 |
| 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 | $831,858 |
| 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 | $101,306 |
| Compensation of current officers, directors, key employees. | $140,626 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,532 |
| Pension plan accruals and contributions | $12,696 |
| Other employee benefits | $32,038 |
| Payroll taxes | $5,055 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,268 |
| Fees for services: Accounting | $21,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,842 |
| Office expenses | $33,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,626 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $12,437 |
| Total functional expenses | $820,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,842 |
| Savings and temporary cash investments | $8,182,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $79,581 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,432,628 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,349 |
| Net Land, buildings, and equipment | $4,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,431 |
| Total assets | $20,347,554 |
| Accounts payable and accrued expenses | $116,532 |
| 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 | $16,595,319 |
| Total liabilities | $16,711,851 |
| 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 | $3,635,703 |
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