2024-08-06T14:33:11-05:00 2023-12-31 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2023-01-01 376026317 STALEY CREDIT UNION STAL 2174239767 3330 N WOODFORD DECATUR IL 62526 CYNTHIA ANDERSON EXECUTIVE VICE PRESIDENT/CFO 2174239767 2024-07-30 1 0 CLIFFORD BUMGARNER P01421693 2177890960 2024-07-30 2023 2024-08-08 14:25:15Z CYNTHIA ANDERSON 3330 N WOODFORD DECATUR IL 62526 17597123 0 X WWW.STALEYCU.COM X 1930 IL CREDIT UNION OPERATED FOR MUTUAL PURPOSES. 9 9 66 0 0 0 0 0 6920125 8590807 761207 1195868 2658876 2079943 10340208 11866618 0 0 0 0 2447032 3093085 0 0 0 6187203 7495272 8634235 10588357 1705973 1278261 201173214 204753987 189850514 190378275 11322700 14375712 IT IS THE MISSION OF STALEY CREDIT UNION TO PROVIDE CONVENIENT, RESPONSIVE AND PROGRESSIVE FINANCIAL SERVICES TO ITS MEMBERS. 0 0 RECEIVED DEPOSITS IN VARIOUS ACCOUNT TYPES FOR APPROXIMATELY 17,869 MEMBERS. PROVIDE CONSUMER AND REAL ESTATE LOANS TO APPROXIMATELY 12,639 MEMBERS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3008 0 1 66 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X CYNTHIA ANDERSON 2174239767 3330 N WOODFORD DECATUR IL 62526 DANIELLE R FIELDS DIRECTOR 0.00 X 0 0 0 JONATHAN B RINCKER DIRECTOR 0.00 X 0 0 0 DENNIS E TRUMP DIRECTOR 0.00 X 0 0 0 MICHAEL N LANDACRE BOARD VICE-CHAIRMAN 0.00 X 0 0 0 STEVEN D BOWMAN DIRECTOR 0.00 X 0 0 0 RICHARD P PODESCHI DIRECTOR 0.00 X 0 0 0 MICHELLE D O'BRYAN BOARD SECRETARY 0.00 X 0 0 0 KURT B BICKES DIRECTOR 0.00 X 0 0 0 JAMES T SLADE III BOARD CHAIRMAN 0.00 X 0 0 0 KIMBERLY ERVIN PRESIDENT & CEO 40.00 X 228089 0 17532 CYNTHIA ANDERSON EVP & CFO 40.00 X 142239 0 13859 RODNEY WEEKS VP-LENDING 40.00 X 142783 0 14124 513111 0 45515 3 0 1 0 MONROE & ASSOCIATES 1545 CR 375 E BETHANY IL 61914 IT SERVICES 233904 1 LOAN INTEREST 522100 6578007 6578007 VISA DEBIT INTERCHANGE 522100 1344421 1344421 VISA CREDIT INTERCHANGE 522100 668379 668379 8590807 1480142 1480142 5446231 5730505 -284274 -284274 -284274 OTHER REVENUE 522100 2079943 2079943 2079943 11866618 10386476 0 1480142 X 2609202 -34591 310427 208047 64538 44240 334201 88778 558884 411854 55580 440493 63464 PRODUCTS & SERVICES 2142874 DIVIDENDS PAID TO MEMBE 1190424 INDIRECT LOAN FEES 380351 LOAN PROCESS 374701 1344890 10588357 6880411 6024149 135643122 146947746 5852997 7848574 14168723 7981424 6461877 6187299 41856319 33064124 1848400 1948400 2630088 2733695 201173214 204753987 672169 972189 245950 268253 188932395 189137833 189850514 190378275 X 0 0 0 0 11322700 14375712 11322700 14375712 201173214 204753987 X 1278261 966501 808250 X 0 1 X 1 0 3000 3000 3000 0 CREDIT UNION POL ACTION COUNCIL 1807 W DIEHL RD NAPERVILLE IL 60563 363092340 3000 PART I-A, LINE 1: CONTRIBUTION TO CUPAC. PART 1-C LINE 4 THE ORGANIZATION HAS NO POLITICAL ORGANIZATION TAXABLE INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. 1 245950 724728 702425 268253 1 X 918653 918653 8090856 3570990 4519865 302178 298676 3502 4857036 4111758 745279 6187299 MEMBERS SHARE ACCOUNTS 189137833 189137833 X PART IV, LINE 1B: THE ORGANIZATION COLLECTS REAL ESTATE TAX AND INSURANCE PAYMENTS FROM MEMBERS AND REMITS THEN TO THE PROPER ENTITIES. PART IV, LINE 2B: THE ENDING LIABILITY BALANCE REPRESENTS THE EXCESS AMOUNT THAT CUSTOMERS HAVE DEPOSITED THAT HAS YET TO BE REMITTED TO THE PROPER ENTITY. PART X, LINE 2: THE CREDIT UNION DOES NOT HAVE AUDITED FINANCIALS STATEMENTS AS OF THE TAX YEAR ENDING DECEMBER 31, 2023. HOWEVER, THE FOLLOWING STATEMENT IS INCLUDED IN THE SEPTEMBER 30, 2023, AUDITED FINANCIAL STATEMENTS. THE CREDIT UNION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE CREDIT UNION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE DATE OF THE STATEMENT OF FINANCIAL CONDITION. FORM 990, PART IV, LINE 12A FORM 990, SCHEDULE D, PARTS XI, XII, AND XIII ARE NOT APPLICABLE AT DECEMBER 31, 2023. STALEY CREDIT UNION RECEIVES AUDITED FINANCIAL STATEMENTS ANNUALLY AT SEPTEMBER 30 RATHER THAN AT DECEMBER 31. X 0 0 0 KIMBERLY ERVIN PRESIDENT & CEO 212509 0 15580 0 0 0 0 0 17532 0 245621 0 0 0 RODNEY WEEKS VP-LENDING 133897 0 8886 0 0 0 0 0 14124 0 156907 0 0 0 CYNTHIA ANDERSON EVP & CFO 133897 0 8342 0 0 0 0 0 13859 0 156098 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ALL DEPOSITORS IN THE CREDIT UNION ARE CONSIDERED MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER EMAILS A COPY OF THE FINAL VERSION OF FORM 990 TO THE VP OF FINANCE/CFO BEFORE IT IS FILED. THE VP OF FINANCE/CFO DISTRIBUTES THE 990 TO EACH BOARD MEMBER BEFORE FILING, SO THAT THEY MAY REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REVIEWS ANNUAL CONFLICT OF INTEREST STATEMENTS THAT ARE SIGNED BY EACH EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S SALARY IS SET BY THE HUMAN RESOURCE SUB-COMMITTEE OF THE BOARD, AND THE COMMITTEE REVIEWS AND APPROVES SALARY FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE BALANCE SHEET IS MADE AVAILABLE TO THE PUBLIC EACH MONTH VIA A POSTING IN THE LOBBY OF EACH BRANCH. FORM 990, PART IX, LINE 24E OTHER OPERATING EXPENSES 212,319. ATM 101,024. POSTAGE & SHIPPING 97,134. CREDIT REPORTING 88,459. BANKING FEES 84,517. MAINTENANCE 79,762. DONATIONS 79,047. BOND & FRAUD LOSS 78,835. TELEPHONE 71,863. EMPLOYEE ACTIVITIES 57,635. EDUCATION TRAINING 55,589. DFI SUPERVISION FEES 54,940. PROFESSIONAL SERVICES 48,111. VISA FRAUD LOSS 41,866. COLLECTION 38,084. ATM/CASH DELIVERY 37,776. ASSOCIATION DUES 33,900. PROVISION FOR NEGATIVE SHARES 22,958. SEG/MEMBER RELATIONS/YOUTH 17,270. SHARE DRAFT 12,433. PUBLICATIONS & SUBSCRIPTIONS 10,705. IRA ADMIN FEES 5,807. SECURITY 4,653. MISC. OPERATING COSTS 4,439. CASH SHORT 3,003. INTEREST-OVERNIGHT BORROWING 2,761. FORM 990, PART XI, LINE 9: UNRECOGNIZED NET GAIN ON PENSION 833,250. CECL DAY 1 ENTRY -25,000.