Access Credit Union: FY2020 Nonprofit Profile & Form 990 (EIN 36-6068676)

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides financial services and benefits to its members.

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2 programs · in their own filed words · FY2020

01

Credit Union pays out dividends to its members on share deposit accounts at a market rate of interest. Total number of share accounts at 12/31/20 is 9,013 in the amount of $52,224,916.

Pt IX · col B

02

Credit Union makes and services consumer and real estate loans to members. The number of loans outstanding at 12/31/20 was 2,479 for a total of $25,794,163.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Illinois Credit Union FoundationFY2024$20K

Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.4M

Ln 12

Fees for servicesLn 2g$1.9M

Investment incomeLn 3$497K

Money outPt IX

$2.1M

Ln 25

Owns and owesPt X

$6.9M

net assets · Ln 32

Cash and savingsLn 1–2$5.4M

Total assetsLn 16$59.3M

LiabilitiesLn 26$52.4M

PeoplePt VI, VII

11

listed · VII A

PaidVII A2

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$1.9M

Investment incomeLn 3$497K

Gains on assetsLn 7−$460

Total revenueLn 12$2.4M

Assets in detailPt X, end of year

CashLn 1$417K

SavingsLn 2$5.0M

Cash and savings togetherLn 1–2$5.4M

InvestmentsLn 11–13$24.8M

Land, buildings, equipmentLn 10c$2.4M

Other assetsLn 15$686K

Total assetsLn 16$59.3M

LiabilitiesLn 26$52.4M

Net assetsLn 32$6.9M

OperationsPt I, VI

EmployeesI 514

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1.8M	$5.4M
InvestmentsLn 11–13	$19.2M	$24.8M
Land, buildings, equipmentLn 10c	$2.5M	$2.4M
Total assetsLn 16	$49.7M	$59.3M
LiabilitiesLn 26	$43.1M	$52.4M
Net assetsLn 32	$6.6M	$6.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$249K
Other salaries and wagesLn 7	$491K
Pension plan contributionsLn 8	$29K
Other employee benefitsLn 9	$70K
Payroll taxesLn 10	$50K
Accounting feesLn 11c	$13K
Other fees for servicesLn 11g	$94K
Advertising and promotionLn 12	$25K
Office expensesLn 13	$101K
Information technologyLn 14	$260K
OccupancyLn 16	$109K
TravelLn 17	$2K
Conferences, conventions and meetingsLn 19	$2K
InterestLn 20	$100K
Depreciation, depletion and amortizationLn 22	$82K
InsuranceLn 23	$21K
Other expenses (24a–d)Ln 24	$390K
Total functional expensesLn 25	$2.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.1M	$2.9M	$135K	$8.0M	990 PDF
FY2024	$2.8M	$2.6M	$188K	$7.9M	990 PDF
FY2023	$2.6M	$2.4M	$179K	$7.7M	990 PDF
FY2022	$2.6M	$2.3M	$294K	$7.5M	990 PDF
FY2021	$2.5M	$2.1M	$396K	$7.3M	990 PDF
FY2020 Viewing	$2.4M	$2.1M	$280K	$6.9M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $2,368,229 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,976,552$1,871,188

I-10 Investment incomePrior year $492,369$497,041

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,468,921$2,368,229

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $954,084$888,889

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,250,545$1,199,544

I-18 Total expensesPrior year $2,204,629$2,088,433

I-19 Revenue less expensesPrior year $264,292$279,796

Part VI · Governance 9 of 9 board members independent, 2 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,368,229 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,868,858 · Unrelated business $2,330$1,871,188

VIII-3 Investment incomeExcluded from tax $497,501$497,501

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$460−$460

VIII-12 Total revenueRelated to mission $1,868,858 · Unrelated business $2,330 · Excluded from tax $497,041$2,368,229

Part IX · Statement of functional expenses $2,088,433 across 17 lines filed

IX-5 Pay of current officers, directors and key staff$249,018

IX-7 Other salaries and wages$490,930

IX-8 Pension plan contributions$28,545

IX-9 Other employee benefits$70,335

IX-10 Payroll taxes$50,061

IX-11c Accounting fees$12,692

IX-11g Other fees for services$94,415

IX-12 Advertising and promotion$25,152

IX-13 Office expenses$100,603

IX-14 Information technology$259,779

IX-16 Occupancy$109,454

IX-17 Travel$2,449

IX-19 Conferences, conventions and meetings$2,435

IX-20 Interest$100,192

IX-22 Depreciation, depletion and amortization$81,509

IX-23 Insurance$21,127

IX-24 Other expenses (24a–d)$389,737

IX-25 Total functional expenses$2,088,433

Part X · Balance sheet $59,271,067 assets, 13 lines filed

Asset lines not itemized here account for $25,794,163; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $485,825$416,878

X-2 Savings and temporary cash investmentsStart of year $1,274,608$5,025,155

X-9 Prepaid expenses and deferred chargesStart of year $139,675$145,285

X-10c Land, buildings and equipment, netStart of year $2,501,582$2,436,065

X-11 Publicly traded securitiesStart of year $19,123,816$24,700,150

X-12 Other securitiesStart of year $67,059$67,059

X-15 Other assetsStart of year $675,518$686,312

X-16 Total assetsStart of year $49,702,111$59,271,067

X-17 Accounts payable and accrued expensesStart of year $279,195$190,244

X-25 Other liabilitiesStart of year $42,833,226$52,224,916

X-26 Total liabilitiesStart of year $43,126,000$52,415,160

X-32 Total net assets or fund balancesStart of year $6,576,111$6,855,907

X-33 Total liabilities and net assetsStart of year $49,702,111$59,271,067

Part XI · Reconciliation of net assets $6,855,907 net assets at year end

XI-1 Total revenue$2,368,229

XI-2 Total expenses$2,088,433

XI-3 Revenue less expenses$279,796

XI-4 Net assets at start of year$6,576,111

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$6,855,907

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Access Credit Union FY2020 filing

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Who runs it and what they're paid

Compensation history total reportable pay by year · 2 named individuals · Part VII