2024-05-01T10:04:12-04:00 2023-12-31 362830852 SKDO PC 1605 N CONVENT ST BOURBONNAIS IL 60914 990 2023-01-01 362424927 COMMONWEALTH CREDIT UNION COMM 8159377447 P O BOX 380 BOURBONNAIS IL 60914 RAEANN LOVE PRESIDENT/CEO/TREAS 8159377447 2024-04-25 true RAEANN LOVE 999009999 true CARMEN HUIZENGA P01223232 8159371997 2024-04-25 2023 2023-04-26 12:10:37Z RAEANN LOVE 563 WM LATHAM BOURBONNAIS IL 60914 5142679 false X HTTP://CWCU.COM X 1951 IL COMMONWEALTH CREDIT UNION, BUILDING LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME. 7 6 28 0 0 3521269 4161615 388512 839595 225243 141469 4135024 5142679 0 0 1523514 1553208 0 0 1913702 2499927 3437216 4053135 697808 1089544 118201063 116608531 106551206 103810410 11649857 12798121 COMMONWEALTH CREDIT UNION, BUILDING LIFELONG RELATIONSHIPS ONE MEMBER AT A TIME. false false COMMONWEALTH CREDIT UNION SERVES MEMBERS IN KANKAKEE, FORD, IROQUOIS, GRUNDY, KENDELL, LIVINGSTON AND WILL COUNTIES IN ILLINOIS BY PROVIDING LOW COST FINANCIAL SERVICES. false false true false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1778 0 true 28 true false false false false false false false false X 7 6 false false false false true true false true true false true true false false false true true false false X RAEANN LOVE 8159377447 563 WM LATHAM DR BOURBONNAIS IL 60914 TODD MEIER VP OF LENDIN 40.00 X 149483 0 0 RAEANN LOVE PRESIDENT/CE 40.00 X 147642 0 0 CARL CAVITT DIRECTOR X 0 0 0 BETTY DRECHSEL SECRETARY X X 0 0 0 JOHN BRACK JR VICE CHAIRPE X X 0 0 0 H RALPH MARQUIS DIRECTOR X 0 0 0 CHERYL O'BRIEN DIRECTOR X 0 0 0 KENNETH TOUSIGNANT CHAIRPERSON X X 0 0 0 297125 2 false false false LOAN INTEREST 3408765 3408765 SERVICE FEES AND INTERCHANGE 752850 752850 4161615 839595 839595 OTHER REVENUE 141469 141469 141469 5142679 4303084 839595 X 147642 1079697 104166 129395 92308 58800 39149 77070 267603 100197 1520 25264 692536 98550 34665 DEBIT CARD EXPENSE 141741 ATM INTERCHANGE FEES 129537 CREDIT LOSS EXPENSE 115000 LOAN PROCESSING 108365 609930 4053135 0 0 0 806529 568595 31972408 24663203 214885 259090 75130353 80968832 108160 89967 3084956 1548378 1568311 1536578 6321666 6321451 2078751 2200815 118201063 116608531 365131 483332 106186075 103327078 106551206 103810410 X 11649857 12798121 11649857 12798121 118201063 116608531 X 1089544 4 58716 X false true X true false 2500 2500 2500 true CREDIT UNION POLITICAL ACTION COUNC 1807 WEST DIEHL ROAD PO BOX 3107 NAPERVILLE IL 60563 363092340 2500 SCHEDULE C, PART I-A, LINE 1 COMMONWEALTH CREDIT UNION IS A MEMBER OF CUPAC (CREDIT UNION POLITICAL ACTION COUNCIL). CONTRIBUTIONS ARE SENT TO CUPAC THAT ARE THEN USED INDIRECTLY FOR POLITICAL ACTIVITIES. SCHEDULE C, PART IV THE ORGANIZATION'S ONLY POLITICAL ACTIVITY IS THE CONTRIBUTION TO CREDIT UNION POLITICAL ACTION COUNCIL THAT IS REPORTED IN PARTS I-A AND I-C OF THIS SCHEDULE C. 491841 491841 1760111 909666 850445 833004 638712 194292 1536578 MEMBER SHARE ACCOUNTS 103327078 103327078 5142679 5142679 5142679 4053135 4053135 4053135 FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS A STATE OF ILLINOIS CHARTERED CREDIT UNION. ANYONE WHO LIVES OR WORKS IN KANKAKEE, FORD, IROQUOIS, GRUNDY, KENDELL, LIVINGSTON AND WILL COUNTIES IS ELIGIBLE FOR MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A THE GOVERNING BODY IS MADE FROM INDIVIDUALS OF THE MEMBERSHIP. THE MEMBERSHIP BODY ELECTS INDIVIDUALS TO BE ON THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE 990 BEFORE SIGNING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS ARE INFORMED WHEN THEY TAKE OFFICE AND ONCE A YEAR AFTER THAT THAT THEY MUST INFORM THE BOARD OF ANY CONFLICT OF INTEREST WHEN IT APPEARS. THIS IS NOT A WRITTEN POLICY, BUT IS COMMUNICATED VERBALLY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF TOP MANAGEMENT OFFICIALS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA WHICH IS RECORDED IN THE MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE BY MEANS OF A BULLETIN BOARD AT THE CREDIT UNION AND AT THE ANNUAL MEETING. FORM 990, PART IX, LINE 24E VIRTUAL BRANCH 106,045 0 0 STMT PROCESSING 52,600 0 0 PROCESSING COSTS 47,841 0 0 EQUIPMENT MAINTENANCE 40,408 0 0 OUTSIDE SERVICE - OTHER 39,950 0 0 CHECK FREE BILL PAY 38,995 0 0 EMPLOYEE RELATIONS 36,169 0 0 VISA DEBIT CARD QTRLY FEE 34,537 0 0 LOSS ON IMPAIRMENT 32,503 0 0 STARPHIRE EXPENSES 30,633 0 0 CREDIT REPORT 28,637 0 0 BANK CHARGES 25,194 0 0 DUES & SUBCRIPTIONS 20,993 0 0 COLLECTIONS 14,460 0 0 ARMORED CAR 13,753 0 0 CONTRIBUTIONS 13,316 0 0 MOBILE CAPTURE EXPENSE 9,575 0 0 MISCELLANOUS EXPENSE 8,475 0 0 AUTO 5,311 0 0 IRA - CSG 4,149 0 0 EPN ACH BILLING 2,400 0 0 REAL ESTATE EXPENSE 2,038 0 0 REIMBURSEMENTS 1,349 0 0 CASH OVER SHORT 599 0 0 TOTAL 609,930 0 0 FORM 990, PART XI, LINE 9 OTHER COMPREHENSIVE INCOME 58,716