2024-05-01T15:06:58-07:00 2023-12-31 990 2023-01-01 366091357 BLACKHAWK AREA CU BLAC 8152734503 214 Main Street Savanna IL 61074 Rhonda Schroeder CEO 8152732945 2024-04-30 Rhonda Schroeder 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z X Rhonda Schroeder 214 Main Street Savanna IL 61074 2171881 0 X www.bacu.org X Cooperative 1935 IL Credit Union operated for mutual purposes. 9 0 21 9 0 0 0 0 1746590 1855553 160441 316328 0 0 1907031 2171881 0 0 0 0 789427 828620 0 0 0 782211 806461 1571638 1635081 335393 536800 43546962 40050532 40193254 36183342 3353708 3867190 The mission of the credit union is to provide low-cost financial services to its members, to encourage savings, to provide education in fiancial matters, and to prosper in order to continue to be a viable financial institution in the future. 0 0 0 0 0 We serve 3,951 members with savings accounts and dividend rates higher than area competitors. 0 0 0 We have a total of 1,568 outstanding member consumer loans. 0 0 0 We have a total of 245 outstanding member mortgage and/or HELOC loans. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 21 1 0 0 0 0 0 0 0 0 X 9 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 X Rhonda Schroeder 8152734503 214 Main Street Savanna IL 61074 Rhonda Schroeder CEO 40 X 104340 0 0 Melanie Macy Credit Manager 38 X 52890 0 0 Marleen Andersen Board Member 0 X 0 0 0 Jeffrey Griswold Board Member 0 X 0 0 0 Wilfred Schramm Board Member 0 X 0 0 0 Debbi Hunter Treasurer 0 X 0 0 0 Steve Venhuizen Board Member 0 X 0 0 0 Mary Ostendorf Secretary 0 X 0 0 0 Leonard Sheaffer Board Member 0 X 0 0 0 Wayne Wilson Vice Chairman 0 X 0 0 0 Beth Wiegmann Chairperson 0 X 0 0 0 157230 0 0 1 0 0 0 0 0 1855553 1855553 0 0 1855553 316328 316328 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2171881 2171881 0 0 157230 448013 33957 140384 49036 44273 27034 166134 102232 80197 4066 85 19 14902 32845 21463 Dividends 68408 Loan/Collection Expense 166765 Share Draft, ATM, ACH, Cash Over/Short 78038 1635081 0 0 0 1691528 1565734 4573923 2602462 187675 190134 29934658 30629638 168046 137977 1263989 1041007 233681 222982 6223660 4179323 533791 522282 43546962 40050532 35412 -100514 40157842 36283856 40193254 36183342 X 0 0 0 0 3353708 3867190 3353708 3867190 43546962 40050532 X 536800 0 0 0 0 -23318 X 0 0 0 106500 0 106500 605111 0 561068 44043 74685 0 31040 43645 477693 0 448899 28794 0 0 0 0 222982 0 All shares held by members 36283856 36283856 Form 990, Part VI, Section A, Line 6 3,951 members Form 990, Part VI, Section A, Line 7a 3,951 members Form 990, Part VI, Section A, Line 7b members Form 990, Part VI, Section B, Line 11b Rhonda Schroeder, CEO completes Form 990 with the assistance of Melanie Macy, Credit Manager. Form 990, Part VI, Section C, Line 19 Newsletter, website, and upon request. Form 990, Part XI, Line 9 Net of -$23,318.00 consist of: - $165,378.62 Initial adoption of CECL adjustment through Undivided Earnings +$142,060.49 OCI Adjustment