2024-03-29T06:05:19-05:00 2023-12-31 363321958 DESMOND & AHERN LTD 10827 S WESTERN AVENUE CHICAGO IL 606433206 990 2023-01-01 362429148 Aurora Policemen Credit Union AURO 6304995690 1200 E Indian Trail Aurora IL 60505 Jennifer G DuSell President 6304995690 2024-03-28 1 Jennifer DuSell 999009999 1 Mel Padillo P03172019 7737794720 2024-03-28 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Jennifer G DuSell 1200 E Indian Trail Aurora IL 60505 690429 0 X www.apcu4u.com X 1941 IL Illinois state chartered credit union offering financial services to its members. 10 9 4 9 0 0 0 0 263605 282799 303732 407630 0 0 567337 690429 0 0 0 0 188484 178137 0 0 0 293483 290568 481967 468705 85370 221724 26129575 25874740 23094342 22617783 3035233 3256957 Illinois state chartered credit union operated for the mutual benefit of its members. The Credit Union makes loans to members and pays dividends to members with share deposits at a competitive rate of interest. 0 0 Credit Union makes and services consumer and real estate loans to members. The number of loans outstanding at 12/31/23 was 423 for a total of $3,800,481. Credit Union pays out dividends to its members share deposit accounts at a market rate of interest. The number of share accounts at 12/31/22 was 1,637 for a total of $22,549,437. 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 1 605 0 1 4 1 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 0 1 1 1 0 X Jennifer G DuSell 6304995690 1200 E Indian Trail Aurora IL 60505 David Voirin Chairman 1.00 X X 0 0 0 Daniel Hoffman Vice-Chairman 1.00 X X 0 0 0 James Brown Treasurer 1.00 X X 0 0 0 Barbara Mitchell Secretary 1.00 X X 0 0 0 Larry Suttle Director 1.00 X 0 0 0 Kim Groom Director 1.00 X 0 0 0 Nicholas Coronado Director 1.00 X 0 0 0 Alexandra Fabrie Director 1.00 X 0 0 0 David Summer Director 1.00 X 0 0 0 Jennifer G Dusell President/CEO 40.00 X 59840 0 3900 59840 0 3900 0 0 0 0 0 Interest on loans 522291 215283 215283 Fees & charges 522291 67516 67516 282799 407630 407630 690429 690429 0 0 103231 61652 13254 10000 3073 107477 55074 3803 8243 10780 Member dividends 56144 Regulatory fee 11669 Association dues 11198 Provision for loan loss 8977 4130 468705 203977 353569 21565148 20562387 25803 3789089 4416576 22224 14831 282742 98027 191313 184715 332021 342662 26129575 25874740 65498 68346 23028844 22549437 23094342 22617783 X 0 0 0 0 3035233 3256957 3035233 3256957 26129575 25874740 221724 0 X 0 0 0 282742 98027 184715 184715 Member shares 22549437 22549437 Form 990, Part VI, Section A, line 6 Members of the Credit Union are considered shareholders. Form 990, Part VI, Section A, line 7a Members elect the Board of Directors at the Annual Meeting. Form 990, Part VI, Section B, line 11b The President and Treasurer review the 990 prior to filing. Form 990, Part VI, Section B, line 15 For the CEO and top management salary increases are reviewed and authorized by the Board. For officers and key employees, the President recommends salary increases to the Board. The Board members review the increases and incorporate them into the budget. Form 990, Part VI, Section C, line 19 Documents are available upon request. Part XII, #2B - Audited financial statements The financial statements were audited by an independent accountant for the year ended September 30, 2022. The FIN 48 note in the audited financials is as follows: The Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described above. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2023 or 2022 that management believes is subject to taxation. The Credit Union's annual informational returns filed with the Internal Revenue Service are open to examination generally for three years after filing.