University Of Illinois Community Credit Union
- Assets
- $649.8m
- Revenue
- $44.3m
- Investments
- $49.4m
- Employees
- 210
- Location
- Champaign, IL
- Founding
- 09/1941
- Data as of
- 12/2023
- EIN
- 37-0560167
Organization Overview
University Of Illinois Community Credit Union is located in Champaign, IL. The organization was established in 1941. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, University Of Illinois Community Credit Union employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Illinois Community 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 12/2023, University Of Illinois Community Credit Union generated $44.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $41.3m during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 8 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.
Since 2016, University Of Illinois Community Credit Union has awarded 23 individual grants totaling $2,494,895. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION LOAN PROGRAMS: PROVIDED 25,324 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 21,898 CREDIT CARDS TO MEMBERS.
CREDIT UNION SAVINGS AND CHECKING PROGRAMS: SERVICED 27,196 SHARE DRAFT ACCOUNTS, 67,344 SHARE SAVINGS ACCOUNTS, 3,027 MONEY MARKET ACCOUNTS, 1,678 IRA ACCOUNTS, 3,940 SHARE CERTIFICATES.
SUPPORT ALL BUSINESS RELATED MEMBER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anni Mcclellan Chairperson | OfficerTrustee | 1 | $0 |
Aaron Carter Board Vice Chairperson | OfficerTrustee | 1 | $0 |
Jane Solon Board Secretary | OfficerTrustee | 1 | $0 |
Chris Randles Board Treasurer | OfficerTrustee | 1 | $0 |
Napoleon Knight Board Member | Trustee | 1 | $0 |
M Chris Hansen Board Member (part-Year) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pscu Visa Program Management | 12/30/23 | $2,669,856 |
Lumin Digital Program Management | 12/30/23 | $1,075,585 |
Jack Henry Core Management | 12/30/23 | $662,412 |
Visa Usa Card Management | 12/30/23 | $672,523 |
Amplify Loyalty Solutions Loyalty Program Administration | 12/30/23 | $623,227 |
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 | $31,769,959 |
| Investment income | $5,839,544 |
| 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 | $44,284,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,346,424 |
| Compensation of current officers, directors, key employees. | $2,451,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,702,512 |
| Pension plan accruals and contributions | $550,074 |
| Other employee benefits | $1,121,297 |
| Payroll taxes | $913,027 |
| Fees for services: Management | $368,544 |
| Fees for services: Legal | $20,842 |
| Fees for services: Accounting | $118,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $532,991 |
| Office expenses | $8,262,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $747,026 |
| Travel | $309,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,040,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $855,477 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $41,308,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,282,677 |
| Savings and temporary cash investments | $25,196,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,680 |
| Loans from Officers, Directors, or Controlling Persons | $8,496,302 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $533,518,930 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,197,201 |
| Net Land, buildings, and equipment | $7,974,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,432,919 |
| Investments—program-related | $0 |
| Intangible assets | $3,901,558 |
| Other assets | $10,548,241 |
| Total assets | $649,802,588 |
| Accounts payable and accrued expenses | $4,855,701 |
| 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 | $31,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $559,517,304 |
| Total liabilities | $595,373,005 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $54,429,583 |
| Total liabilities and net assets/fund balances | $649,802,588 |
Grants Awarded
Over the last fiscal year, University Of Illinois Community Credit Union has awarded $301,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KRANNERT CENTER PURPOSE: SPONSORSHIP OF ARTS PROGRAMMING AT U OF I KRANNERT CENTER FOR THE PERFORMING ARTS | $10,000 |
PARKLAND COLLEGE PURPOSE: SPONSORSHIP OF PROGRAMMING AT PARKLAND COMMUNITY COLLEGE | $5,350 |
UNIVERSITY OF ILLINOIS DIA PURPOSE: SPONSORSHIP OF ATHLETICS AT THE UNIVERSITY OF ILLINOIS | $260,000 |
FIGHTING ILLINI SPORTS PROPERTY LLC PURPOSE: SPONSORHIP OF JUMBOTRON AT ATHLETIC EVENTS AT THE UNIVERSITY OF ILLINOIS | $20,000 |
ICON COLLECTIVE PURPOSE: GOLF SPONSORSHIP | $6,350 |