Route 1 Credit Union
- Assets
- $4.1m
- Revenue
- $274.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Paris, IL
- Founding
- Data as of
- 12/2016
- EIN
- 37-6032928
Organization Overview
Route 1 Credit Union is located in Paris, IL. As of 12/2016, Route 1 Credit Union employed 9 individuals. Route 1 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
CREDIT UNION OPERATED FOR MULTIPLE PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUES SHARE CERTIFICATES TO MEMBERS.
RECEIVES DEPOSITS FROM MEMBERS.
GRANTED CONSUMER LOANS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Meeks Supervisory Comm Chair | Trustee | 0 | $0 |
Phil Johnson Director | Trustee | 0 | $0 |
Linda Halloran Director | Trustee | 0 | $0 |
Richard Mcdade Chairman | Officer | 0 | $0 |
Bonnie Marrs Secretary | Officer | 0 | $0 |
Sid Justice Jr Treasurer | Officer | 0 | $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 | $256,500 |
| Investment income | $17,299 |
| 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 | $274,582 |
| 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 | $70,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $433 |
| Fees for services: Accounting | $19,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,222 |
| Advertising and promotion | $3,393 |
| Office expenses | $78,755 |
| Information technology | $10,458 |
| Royalties | $0 |
| Occupancy | $14,867 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,601 |
| Interest | $5 |
| Payments to affiliates | $7,277 |
| Depreciation, depletion, and amortization | $5,656 |
| Insurance | $0 |
| All other expenses | $416 |
| Total functional expenses | $393,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,083 |
| Savings and temporary cash investments | $1,199,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,500,498 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $169,509 |
| Investments—publicly traded securities | $103,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,575 |
| Total assets | $4,128,552 |
| Accounts payable and accrued expenses | $53,024 |
| 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 | $3,641,440 |
| Total liabilities | $3,694,464 |
| 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 | $434,088 |