2024-04-26T18:14:44-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 362464697 ADVANTAGE ONE CREDIT UNION ADVA 8157727215 204 N JACKSON ST MORRISON IL 61270 AMY VENHUIZEN PRESIDENT (2024) 8157727215 2024-04-22 true AMY VENHUIZEN 999009999 true BRENT WOOKEY CPA P00062439 6087920843 2024-04-26 X 2023 2023-04-26 12:10:37Z AMY VENHUIZEN 204 N JACKSON ST MORRISON IL 61270 1083852 false X WWW.ADONECU.ORG X 1960 IL SERVING THE COMMUNITY BY PROVIDING CONVENIENT FINANCIAL SERVICES YOU TRUST. 7 7 10 9 4684 0 667673 810550 145715 225675 3525 2627 816913 1038852 3164 2738 0 432823 430116 0 0 434074 518237 870061 951091 -53148 87761 25365173 23442663 23207841 21239570 2157332 2203093 SERVING THE COMMUNITY BY PROVIDING CONVENIENT FINANCIAL SERVICES YOU TRUST. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 134 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 2,505 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 224 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 49,116 LOANS RECEIVABLE. false false false false false false false true false true 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 false false true 379 0 true 10 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true true true false false X AMY VENHUIZEN 8157727215 204 N JACKSON ST MORRISON IL 61270 X MICHAEL HEMMER PRESIDENT/CE 40.00 X 75000 0 18718 MICHAEL BUCKWALTER CHAIR 1.00 X X 0 0 0 KEN BURN VICE CHAIR 1.00 X X 0 0 0 JANET FISHER TREASURER 1.00 X X 0 0 0 SHELLY TIESMAN SECRETARY 1.00 X X 0 0 0 LYNN DYKSTRA DIRECTOR 1.00 X 0 0 0 SUSAN HAMSTRA DIRECTOR 1.00 X 0 0 0 KARI HORACK DIRECTOR 1.00 X 0 0 0 75000 18718 false false false INTEREST ON LOANS 522130 698415 698415 MEMBER FEE INCOME 522130 57814 57814 OTHER MEMBER RELATED REVENUE 522130 49637 49637 FEE & INSURANCE INCOME 520000 4684 4684 810550 225687 225687 2227 2227 400 400 400 400 44988 45000 -12 -12 -12 1038852 805854 4684 228314 2738 75000 237000 5599 88457 24060 1275 33394 21360 196918 33889 32883 6873 384 33161 28712 LOAN SERVICING EXPENSE 87917 DIVIDENDS EXPENSE 38471 CREDIT LOSS EXPENSE 3000 951091 0 0 0 162792 54866 6286192 4652414 14116307 15062804 152768 116201 671251 411095 282263 260156 4062324 3118324 302527 177898 25365173 23442663 54200 82788 19303 12756 23134338 21144026 23207841 21239570 X 2157332 2203093 2157332 2203093 25365173 23442663 X 87761 -42000 X false false false true X 45500 45500 346747 206685 140062 10028 9845 183 220088 162191 57897 48888 32374 16514 260156 INVESTMENTS WITH MATURITY > 1 YEAR 2987000 C CORP CU CAPITAL ACCOUNTS 131324 C 3118324 MEMBER SHARES & DEPOSITS 21156782 ESCROW ACCOUNTS TO LINE 21 BAL SHEET -12756 21144026 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES THE CPA TO E-FILE THE APPROVED RETURN. THE RETURN IS REVIEWED WITH THE BOARD AT THEIR NEXT MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY IN CONJUNCTION WITH THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES THE CEO COMPENSATION. THE BOARD APPROVES THE COMPENSATION AND THIS IS NOTED IN THE CLOSED SESSION MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE DISPLAYED IN THE CREDIT UNION LOBBY. FORM 990, PART VII MICHAEL HEMMER WAS A DIRECTOR ON THE BOARD IN JANUARY AND FEBRUARY 2022. HE RESIGNED FROM THE BOARD AND BECAME AN EMPLOYEE OF THE CREDIT UNION IN MARCH 2022. FORM 990, PART XI, LINE 9 INITIAL CECL ADJUSTMENT -42,000