Elgin City Employees Credit Union in Elgin, Illinois (IL)
Table of contents:
| Elgin City Employees Credit Union | |
| Employer Identification Number (EIN) | 361035545 |
| Name of Organization | Elgin City Employees Credit Union |
| Address | 1151 Lillian St, Elgin, IL 60123-7103 |
| Activities | Credit union, Non financial services of facilities to other organizations |
| Subsection | Credit Union |
| Ruling Date | 10/1944 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2009 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $18,919,432 |
| Amount of Income | $1,255,201 |
| Form 990 Revenue Amount | $1,255,201 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Credit Unions |
Non-representatives - add comments:
Amount of income in 2009: $1,255,201 (it was $1,176,544 in 2010)
| This organization: | $1,255,201 |
| Other organizations performing similar types of work: | $2,111,110 |
Assets in 2009: $18,919,432 (it was $13,530,362 in 2010)
| Elgin City Employees Credit Union: | $18,919,432 |
| Other organizations performing similar types of work: | $44,258,091 |
Expenses in 2010: $3,239,455
| Elgin City Employees Credit Union: | $3,239,455 |
| Other organizations performing similar types of work: | $2,228,839 |
Income to expenses ratio in 2010: 0.4
| Elgin City Employees Credit Union: | 0.4 |
| Other organizations performing similar types of work: | 1.2 |
Revenue for 2010
Functional expenses for 2010
| Statements Regarding Other IRS Filings and Tax Compliance (for 2010) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2010) | |
| Total revenue | $1,176,544 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $1,137,781 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $38,763 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2010) | |
| Total functional expenses | $3,239,455 |
| Compensation of current officers, directors, trustees, and key employees | $165,570 |
| Other salaries and wages | $162,849 |
| Payroll taxes | $26,086 |
| Professional fundraising services | $0 |
| Other | $2,884,950 |
| Balance Sheet (for 2010) | |
| Total assets | $13,530,362 |
| Total liabilities | $14,197,757 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $600,000 |
| Other | $13,597,757 |
| Total net assets or fund balances | $-667,395 |
| Retained earnings, endowment, accumulated income, or other funds | $-667,395 |
| Reason for Public Charity Status (for 2010) | |
| The organization is not a private foundation because it is: | Not provided |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Liberty Bay Credit Union | 350 Granite St Ste 1102, Braintree, MA 02184-4999 | MA | 1937-11 | $297,227,185 |
| 2 | State Chartered Credit Unions In Florida, Community Credit Union Of Florida | 1030 Us Highway 1, Rockledge, FL 32955-2716 | FL | 1972-02 | $25,357,945 |
| 3 | The Tennessee Credit Union | 1400 8th Ave S, Nashville, TN 37203-5007 | TN | 1952-06 | $10,842,718 |
| 4 | River Works Credit Union | 947 Western Ave, Lynn, MA 01905-2640 | MA | 1945-05 | $4,811,426 |
| 5 | Premier Source Credit Union | 232 N Main St, E Longmeadow, MA 01028-1803 | MA | 1942-03 | $3,568,321 |
| 6 | City Employees-Knoxville | 1720 Western Ave, Knoxville, TN 37921-6739 | TN | 1952-06 | $2,936,301 |
| 7 | Commonwealth Utilities Employees Credit Union | 312 Wareham Rd, Marion, MA 02738-1133 | MA | 1934-10 | $2,554,034 |
| 8 | Allcom Credit Union | 36 Park Ave, Worcester, MA 01609-1720 | MA | 1934-11 | $2,307,887 |
| 9 | Cranston Municipal Employees Credit Union | 1615 Pontiac Ave, Cranston, RI 02920-4491 | RI | 1988-05 | $2,111,110 |
| 10 | Elgin City Employees Credit Union | 1151 Lillian St, Elgin, IL 60123-7103 | IL | 1944-10 | $1,255,201 |
| 11 | Lowell Firefighters Credit Union | 642 Chelmsford St, Lowell, MA 01851-4724 | MA | 1945-02 | $579,133 |
| 12 | Knox County Employees Credit Union | 400 W Main St Rm 355, Knoxville, TN 37902-3707 | TN | 1952-06 | $436,326 |
| 13 | Maternity Bvm Credit Union | PO BOX 56, Bourbonnais, IL 60914-0056 | IL | 1957-05 | $275,461 |
| 14 | Courier-Journal & Times Credit Union Inc | 525 W Broadway, Louisville, KY 40202-2206 | KY | 1938-05 | $270,632 |
| 15 | Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu | 2540 E Beltline Ste 1, Hibbing, MN 55746-2306 | MN | 1944-09 | $263,474 |
| 16 | National Institute For State Credit Union Examination | 1655 Fort Myer Dr Ste 650, Arlington, VA 22209-3199 | VA | 1983-07 | $170,771 |
| 17 | Michigan Credit Union Foundation | 38695 7 Mile Rd Ste 200, Livonia, MI 48152-7097 | MI | 1957-02 | $117,305 |
| 18 | Haverhill Credit Union | PO BOX 7008, Lowell, MA 01852-0008 | MA | $34,312 | |
| 19 | Morton Credit Union Inc | 88 Washington St, Taunton, MA 02780-2465 | MA | $0 | |
| 20 | Oregon Hunters Association, Clatsop County Chapter | 1815 Hanover St, Astoria, OR 97103-5609 | OR | 1994-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||
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| Total | 21 | ||||||||||||||||||||||


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