PREMIER CREDIT UNION

Address
LOCAL
PALATINE, IL 60061-0000
Contact
Website: http://www.mycu.org
Phone: +1 (847) 496-1638
Nonprofit
NTEE: W61 - Credit Unions
EIN: 36-6084996

Mission

ILLINOIS STATE CHARTERED CREDIT UNION
 20152014201320122011
Basic features of the organization
Year of formation1961
Subsection code14
PF filing required0    
Metropolitan statistical area1602
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $674,490.00$678,882.00$383,167.00$387,150.00
Sum of reportable (W2/1099) compensation $577,651.00$593,388.00$313,073.00$316,074.00
Number of employees 49464245
Number of people compensated >$100k 2222
Number of volunteers 12121212
Personnel
Barnhart, Alice
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person ALICE BARNHARTALICE BARNHARTALICE BARNHARTALICE BARNHART
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Callahan, Mary
Title CFOCFO  
Name of key/compensated person MARY FRAN CALLAHANMARY FRAN CALLAHAN  
Position of compensated person
Average hours per week working for org 40.0040.00  
Reportable compensation from org $121,873.00$28,259.00  
Other comp, non-reportable, from org and related orgs $11,272.00$697.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
East, Steven
Title SECRETARYSECRETARYSECRETARYSECRETARY
Name of key/compensated person STEVEN M EASTSTEVEN M EASTSTEVEN M EASTSTEVEN M EAST
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Fournier, Jennifer
Title VP OF MARKETINGVP OF MARKETING  
Name of key/compensated person JENNIFER FOURNIERJENNIFER FOURNIER  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $91,876.00$85,277.00  
Other comp, non-reportable, from org and related orgs $18,181.00$15,090.00  
Giotis, Spiro
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person SPIRO GIOTISSPIRO GIOTISSPIRO GIOTISSPIRO GIOTIS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Homberger, Irene
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person IRENE HOMBERGERIRENE HOMBERGERIRENE HOMBERGERIRENE HOMBERGER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Johnson, Leslee
Title CHAIRPERSONCHAIRPERSONCHAIRPERSONCHAIRPERSON
Name of key/compensated person LESLEE JOHNSONLESLEE JOHNSONLESLEE JOHNSONLESLEE JOHNSON
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Kaplan, Robert
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person ROBERT KAPLANROBERT KAPLANROBERT KAPLANROBERT KAPLAN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Krewer, Gerald
Title TREASURERTREASURERTREASURERTREASURER
Name of key/compensated person GERALD KREWERGERALD KREWERGERALD KREWERGERALD KREWER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Ludwigsen, William
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person WILLIAM LUDWIGSENWILLIAM LUDWIGSENWILLIAM LUDWIGSENWILLIAM LUDWIGSEN
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Roche, James
Title CEOCEOCEOCEO
Name of key/compensated person JAMES A ROCHEJAMES A ROCHEJAMES A ROCHEJAMES A ROCHE
Position of compensated person
Average hours per week working for org 40.0040.0040.0040.00
Reportable compensation from org $202,486.00$195,966.00$176,833.00$178,834.00
Other comp, non-reportable, from org and related orgs $34,362.00$23,775.00$49,373.00$49,289.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Rogacki, Joe
Title VP OF LENDINGVP OF LENDING  
Name of key/compensated person JOE ROGACKIJOE ROGACKI  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $82,128.00$79,712.00  
Other comp, non-reportable, from org and related orgs $16,919.00$14,636.00  
Rogers, Floyd
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person FLOYD ROGERSFLOYD ROGERSFLOYD ROGERSFLOYD ROGERS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Senf, Steven
Title DIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated person STEVEN SENFSTEVEN SENFSTEVEN SENFSTEVEN SENF
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Shah, Raju
Title VP OF ITVP OF IT  
Name of key/compensated person RAJU SHAHRAJU SHAH  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $79,288.00$76,923.00  
Other comp, non-reportable, from org and related orgs $16,104.00$14,379.00  
Simos, Demetri
Title DIRECTORDIRECTORDIRECTOR 
Name of key/compensated person DEMETRI SIMOSDEMETRI SIMOSDEMETRI SIMOS 
Position of compensated person
Current individual trustee or director TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Simos, Demitri
Title    DIRECTOR
Name of key/compensated person    DEMITRI SIMOS
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Spengler, Jim
Title VICE-CHAIRPERSONVICE-CHAIRPERSONVICE-CHAIRPERSONVICE-CHAIRPERSON
Name of key/compensated person JIM SPENGLERJIM SPENGLERJIM SPENGLERJIM SPENGLER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Stephens, Steve
Title  FORMER EVP/CFOEXECUTIVE VICE PRESIDENTEXECUTIVE VICE PRESIDENT
Name of key/compensated person  STEVE STEPHENSSTEVE STEPHENSSTEVE STEPHENS
Position of compensated person
Average hours per week working for org  040.0040.00
Reportable compensation from org  $127,251.00$136,240.00$137,240.00
Other comp, non-reportable, from org and related orgs  $16,917.00$20,721.00$21,787.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS.ILLINOIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS.ILLIONIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS.ILLIONIS STATE CHARTERED CREDIT UNION OPERATED FOR THE MUTUAL BENEFIT OF ITS MEMBERS.
Programs, including revenue & expenses
CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/14 IS 5,140 WITH A BALANCE OF $78,876,426.
Program description CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/14 IS 5,140 WITH A BALANCE OF $78,876,426.CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/13 IS 4,973 WITH A BALANCE OF $79,520,841.CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/12 IS 4,847 WITH A BALANCE OF $78,997,209.CREDIT UNION MAKES AND SERVICES CONSUMER AND REAL ESTATE LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/11 IS 4,902 WITH A BALANCE OF $76,330,786.
CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/14 IS 24,008 WITH A BALANCE OF $159,785,112. THE CREDIT UNION OFFERS CHECKING ACCOUNTS, ONLINE BANKING, AND A VARIETY OF SAVINGS VEHICLES.
Program description CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/14 IS 24,008 WITH A BALANCE OF $159,785,112. THE CREDIT UNION OFFERS CHECKING ACCOUNTS, ONLINE BANKING, AND A VARIETY OF SAVINGS VEHICLES.CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/13 IS 23,975 WITH A BALANCE OF $155,087,073. THE CREDIT UNION OFFERS CHECKING ACCOUNTS, ONLINE BANKING, AND A VARIETY OF SAVINGS VEHICLES.CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/12 IS 23,490 WITH A BALANCE OF $142,952,688. THE CREDIT UNION OFFERS CHECKING ACCOUNTS, ONLINE BANKING, AND A VARIETY OF SAVINGS VEHICLES.CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. THE NUMBER OF SHARE ACCOUNTS AT 12/31/11 IS 23,035 WITH A BALANCE OF $134,031,512. THE CREDIT UNION OFFERS CHECKING ACCOUNTS, ONLINE BANKING, AND A VARIETY OF SAVINGS VEHICLES.
Financial data
Revenue
Total revenue$4,780,331.00$5,717,485.00$5,755,266.00$5,866,814.00$5,927,033.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr $688,761.00$691,987.00$669,631.00$744,440.00
Total revenue from grants, etc., current yr $0.00$0.00$0.00$0.00
Total unrelated business revenue $0.00$0.00$0.00$0.00
Other revenue, current yr $1,391,578.00$1,357,262.00$1,371,303.00$1,337,005.00
Program service revenue (total)$2,979,598.00$3,637,146.00$3,706,017.00$3,825,880.00$3,845,588.00
Gross receipts $5,717,485.00$5,755,266.00$5,866,814.00$5,927,033.00
Other types of revenue
Miscellaneous revenue (total) $1,391,578.00$1,357,262.00$1,371,303.00$1,337,005.00
Income from dividends, interest, and similar investments $688,761.00$691,987.00$669,631.00$744,440.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all $4,874,193.00$5,063,825.00$5,241,546.00$5,645,324.00
Total functional expenses: program service  $4,874,193.00$5,063,825.00$5,241,546.00$5,645,324.00
Total functional expenses: management and general $0.00   
Total functional expenses: fundraising $0.00   
Fees for services
Legal fees (total)   $5,055.00 
Fundraising service fees (total) $0.00$0.00$0.00$0.00
Investment management fees (total) $5,352.00$5,599.00$6,759.00$5,262.00
Assets and liabilities
Total assets$185,361,333.00$178,161,226.00$172,432,212.00$159,837,835.00$150,311,194.00
Total assets, beginning of year $172,432,212.00$159,837,835.00$150,311,194.00$141,790,210.00
Total liabilities$167,189,995.00$160,817,641.00$156,066,051.00$143,834,809.00$134,962,663.00
Total liabilities, beginning of year $156,066,051.00$143,834,809.00$134,962,663.00$126,781,458.00
Loans & receivables from key persons $469,585.00$646,345.00$735,992.00$497,840.00
Net assets $17,343,585.00$16,366,161.00$16,003,026.00$15,348,531.00
Net assets, beginning of year $16,366,161.00$16,003,026.00$15,348,531.00$15,008,752.00
Other liabilities $159,785,112.00$155,087,073.00$142,921,461.00$134,031,512.00
Other assets $2,358,846.00$2,687,728.00$2,319,516.00$2,155,262.00
Investments: other securities $9,433,244.00$15,423,050.00$8,458,423.00$9,644,514.00
Cash: non-interest bearing $627,859.00$680,990.00$621,432.00$540,582.00
Cash: non-interest bearing, beginning of year $680,990.00$621,432.00$540,582.00$490,907.00
Investments -- program-related $71,012,105.00$64,407,516.00$54,565,554.00$47,559,273.00
Other financial variables
Revenue less expenses $843,292.00$691,441.00$625,268.00$281,709.00
Advertising (total) $164,989.00$150,744.00$155,970.00$137,684.00
Savings & temp cash investment $15,433,928.00$9,911,570.00$15,128,126.00$14,027,011.00
Accounts receivable, net $3,478.00$66,904.00$8,976.00$18,205.00
Prepaid expenses & deferred charges $201,686.00$189,781.00$189,165.00$191,655.00
Accounts payable & accrued expenses $1,032,529.00$978,978.00$913,348.00$931,151.00
Total net assets or fund balances $17,343,585.00$16,366,161.00$16,003,026.00$15,348,531.00
Depreciation, depletion, amortization $86,134.00$77,269.00$80,173.00$72,557.00
Governance and accountability
Number of voting members 12121212
Number of independent voting members 12121212
Financial sheets audited TrueTrueTrueTrue
Relationships among key personnel TrueTrueTrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2014-01-012013-01-012012-01-012011-01-01
Tax year end date2015-10-012014-12-012013-12-012012-12-012011-12-01
Has local chapters TrueTrueTrueTrue
Indicators for schedules (selected)
Outstanding loan to key person or disqualified person TrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990990990
Date e-filing submitted 2015-07-292014-09-262013-08-012012-10-11
IRS schema version 2014v5.02013v3.12012v2.02011v1.2
Filing identifier 201511339349302681201411289349300621201301339349302965201201369349305550
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