University Of Illinois Community Credit Union
- Assets
- $475.7m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 155
- Location
- Champaign, IL
- Founding
- 09/1941
- Data as of
- 12/2021
- 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 12/2021, University Of Illinois Community Credit Union employed 155 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 12/2021, University Of Illinois Community Credit Union generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $19.0m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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 14 individual grants totaling $1,896,945. 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
2021
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 17,645 CONSUMER AND REAL ESTATE LOANS TO OUR MEMBERS. PROVIDED 18,331 CREDIT CARDS TO MEMBERS.
CREDIT UNION SAVINGS AND CHECKING PROGRAMS: SERVICED 18,702 SHARE DRAFT ACCOUNTS, 50,260 SHARE SAVINGS ACCOUNTS, 2,098 MONEY MARKET ACCOUNTS, 1,276 IRA ACCOUNTS, 2,425 SHARE CERTIFICATES.
SUPPORT ALL BUSINESS RELATED MEMBER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Harlan President/ceo | Officer | 40 | $255,166 |
Jennifer Peyton Evp/cfo | Officer | 40 | $203,209 |
Kim Cheek Svp/chief Admin Officer | Officer | 40 | $190,177 |
Matthew Waldrop VP Of Mortgage | 40 | $181,065 | |
Greg Anderson Svp/chief Relationship Off | Officer | 40 | $173,779 |
Stacey Russell Svp/chief Lending Officer | Officer | 40 | $152,640 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pscu Debit/credit Card Processor | 12/30/21 | $1,810,342 |
Lumin Digital Digital Banking | 12/30/21 | $527,760 |
Jack Henry & Associates Core Provider | 12/30/21 | $469,597 |
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 | $16,931,527 |
| Investment income | $608,483 |
| 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 | $22,792,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $828,173 |
| Compensation of current officers, directors, key employees. | $1,813,789 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,040,267 |
| Pension plan accruals and contributions | $320,975 |
| Other employee benefits | $651,763 |
| Payroll taxes | $556,399 |
| Fees for services: Management | $302,630 |
| Fees for services: Legal | -$11,099 |
| Fees for services: Accounting | $74,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $224,964 |
| Office expenses | $4,139,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $680,769 |
| Travel | $60,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $776,345 |
| Insurance | $0 |
| All other expenses | -$919,250 |
| Total functional expenses | $19,008,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,502,798 |
| Savings and temporary cash investments | $68,110,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $752,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $326,217,103 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,136,577 |
| Net Land, buildings, and equipment | $6,562,712 |
| Investments—publicly traded securities | $53,675,268 |
| Investments—other securities | $0 |
| Investments—program-related | $8,908,989 |
| Intangible assets | $110,283 |
| Other assets | $4,767,248 |
| Total assets | $475,743,912 |
| Accounts payable and accrued expenses | $5,168,928 |
| 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 | $431,553,322 |
| Total liabilities | $436,722,250 |
| 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 | $39,021,662 |
| Total liabilities and net assets/fund balances | $475,743,912 |
Grants Awarded
Over the last fiscal year, University Of Illinois Community Credit Union has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Urbana, IL PURPOSE: THE CREDIT UNION HAS A CONTRACT IN PLACE WITH THE UNIVERSITY OF ILLINOIS ALUMNI ASSOCIATION FOR AN AFFINITY CREDIT CARD PROGRAM. PART OF THE CONTRACT IS AN ANNUAL CONTRIBUTION TO THE UNIVERSITY OF ILLINOIS DEPARTMENT OF INTERCOLLEGIATE ATHLETICS. | $195,000 |
Urbana, IL PURPOSE: THE CREDIT UNION SPONSORS THE UNIVERISTY OF ILLINOIS CONCERT IN THE PARK SERIES AND HOLIDAY GLOW AT ALLERTON PARK AND RETREAT CENTER. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Illinois Community Credit Union has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Council On Social Work Education Inc Alexandria, VA PURPOSE: GENERAL ASSISTANCE | $12,000 |
Council On Social Work Education Inc Alexandria, VA PURPOSE: GENERAL ASSISTANCE | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beacon Credit Union Wabash, IN | $1,514,735,601 | $47,143,377 |
Vibrant Credit Union Moline, IL | $1,061,532,656 | $50,336,419 |
Indiana University Credit Union Bloomington, IN | $1,349,340,515 | $48,794,263 |
Andigo Credit Union Schaumburg, IL | $850,101,906 | $43,497,190 |
1st Midamerica Credit Union Bethalto, IL | $860,013,719 | $45,661,014 |
Great Lakes Credit Union Bannockburn, IL | $1,045,676,236 | $50,981,092 |
Financial Center First Credit Union Indianapolis, IN | $817,315,000 | $38,154,429 |
Hoosier Hills Credit Union Bedford, IN | $808,986,869 | $33,438,671 |
Dutrac Community Credit Union Dubuque, IA | $980,523,751 | $36,287,980 |
Numark Credit Union Joliet, IL | $604,429,082 | $32,569,723 |
Dupage Credit Union Naperville, IL | $557,263,458 | $27,754,068 |
Abbott Laboratories Employer Credit Union Gurnee, IL | $1,021,053,305 | $27,617,158 |