2024-05-13T09:04:16-07:00 2023-12-31 990 2023-01-01 362494471 STREATOR ONIZED CREDIT UNION STRE 8156735577 912 N Shabbona Streator IL 61364 Cheryl Davis CFO 8156731589 2024-05-14 Cheryl Davis 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z X Douglas Patterson 912 N Shabbona Streator IL 61364 28709832 0 X socu.org X Cooperative 1939 IL Credit Union will provide quality financial services that will enhance the economic and social well-being of the members and communities that it serves. 7 7 156 7 0 0 0 0 22915036 25415226 493060 1844416 17001 15524 23425097 27275166 0 0 0 0 7450870 8112617 0 0 0 9552742 13597667 17003612 21710284 6421485 5564882 335438347 356243779 284638112 300540983 50800235 55702796 Credit Union will provide quality financial services that will enhance the economic and social well-being of the members and communities that it serves. 0 0 Provided consumer loans to 7801 members. Provided 54 real estate loans to members. Received deposits on savings for 3734 new accounts. 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 6292 0 1 156 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Douglas Patterson 8156735577 912 N Shabbona Streator IL 61364 Douglas Patterson CEO 40 0 X 197042 0 46268 Angela Kusnerick COO 40 0 X 128305 0 31993 Mandi Gillman CLO 40 0 X 136921 0 21778 Cheryl Davis CFO 40 0 X 133353 0 19791 Andrew Threagill CIO 40 0 X 114613 0 30994 Scott Bulthuis Chairperson 1 0 X 5500 0 0 Tony Miles Board Treasurer 1 0 X 4850 0 0 Don Luckey Board Member 1 0 X 4850 0 0 Harry Godfrey Vice Chairman 1 0 X 4300 0 0 Robert Lee Board Member 1 0 X 4200 0 0 Nathan Darrow Secretary 1 0 X 3700 0 0 Michael Ralph Board Member 1.00 0 X 3200 0 0 740834 0 150824 5 0 1 0 Vissering Construction Company 175 Benchmark Industrial Drive Streator IL 61364 construction 923211 William Vietti Concrete 135 Benchmark Drive Streator IL 61364 construction 236765 Data Business Equipement 10513 Buena Vista Ct Des Moines IA 50322 maintenance and tech support 232403 FinJoy Inc DBA BankJoy 145 S Livernois Rd Suite 261 Rochester Hills MI 48307 online banking 190668 Switchtink 148 N 48th St Phoenix AZ 85034 IT cloud services, storage 125917 7 0 0 0 0 0 0 0 0 Loan Interest 522100 19315213 19315213 0 0 Fees and Charges 522100 5551329 5551329 0 0 Insurance Charges 524298 548684 548684 0 0 0 0 0 0 25415226 1932894 1932894 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1346188 0 1434666 0 -88478 -88478 -88478 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BOD/Management Loan Interest 522100 15524 15524 0 0 0 0 0 0 15524 27275166 27275166 0 0 0 0 0 0 891657 0 5424427 340582 978709 477242 0 8400 47865 0 0 14874 97417 360346 726622 1297789 0 295066 15802 0 206045 75 30306 1068130 96169 Dividends 4146666 Provision 2431000 Visa Expenses 1682998 Loan Servicing 402578 669519 21710284 0 0 0 4677093 4639815 36761930 41728084 0 0 2524872 2655319 632637 590838 0 0 267021969 283782825 0 0 2730877 3179493 15774128 7311767 7936228 8462361 6293368 4251221 5167678 2237000 0 0 0 0 1691695 4716823 335438347 356243779 2684787 3481710 0 0 0 0 0 0 393 79412 0 0 0 0 0 0 281952932 296979861 284638112 300540983 X 0 0 0 0 50800235 55702796 50800235 55702796 335438347 356243779 X 5564882 188494 0 0 42677 -893492 X 1 X 1 X 1 0 2500 0 0 2500 2500 1 Credit Union Political Action Council PO Box 3107 Naperville IL 60566 363092340 2500 0 Schedule C, Part I-A, Line 1 CUPAC political campaign activities. 1 393 87819 8800 79412 1 X 0 1462186 1462186 0 4263109 2546648 1716461 0 87914 56657 31257 0 4644076 3180177 1463899 0 5316843 1528285 3788558 8462361 0 Shares 296979861 296979861 27363644 0 0 0 0 0 27363644 0 -88478 -88478 27275166 21798762 0 0 0 88478 88478 21710284 0 0 0 21710284 Schedule D, Part IV, Line 1b PMI funds are escrowed. Schedule D, Part IV, Line 2b PMI funds are escrowed. Schedule D, Part XI, Line 4b loss from asset sales Schedule D, Part XII, Line 2d loss from asset sales X 1 1 X X X 0 0 0 Douglas Patterson CEO 197042 0 0 0 0 0 0 0 0 0 197042 0 0 0 Schedule J, Part I, Line 1a The credit union will provide reimbursement for companion travel for officers, board and supervisory members of SOCU. The officer, board and supervisory member will receive a 1099-NEC or will be included on W-2. Andrew Threadgille Officer Real Estate X 170000 157901 0 1 1 Andrew Threadgill Officer vehicle X 21412 16973 0 1 1 Angela Kusnerick Officer Vehicle X 25200 14516 0 1 1 Angela Kusnerick Officer Real Estate X 111200 56394 0 1 1 Douglas Patterson Key Employee Real Estate X 192000 162903 0 1 1 Douglas Patterson Key Employee Vehicle X 40000 36950 0 1 1 Mandi Gillman Officer Vehicle X 11000 3238 0 1 1 Mandi Gillman Officer Vehicle X 42360 23721 0 1 1 Mandi Gillman Officer Unsecured X 31646 17792 0 1 1 Mandi Gillman Officer Real Estate X 114400 100450 0 1 1 590838 Form 990, Part VI, Section A, Line 6 Organization has members. Form 990, Part VI, Section A, Line 7a Members elect the governing body at the annual meeting. Form 990, Part VI, Section A, Line 7b Decisions of the governing body are subject to the member approval at the annual meeting. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by CFO. Form 990, Part VI, Section B, Line 12c Monitored through scheduling and information provided by the employer handbook. Board members with any possible conflicts result in the board member(s) not participating in the decision in the discussion items. Form 990, Part VI, Section B, Line 15 The CEO's salary is approved by BOD after reviewing salary survey and performance. A salary committee establishes a salary schedule for all positions at the credit union after reviewing salary surveys for compatible job duties. Form 990, Part VI, Section C, Line 19 The conflict of interest policy and governing documents are available upon request. Financial statements are posted monthly at all locations. Form 990, Part XI, Line 9 One time capital adjustment for CECL Adoption.