2025-10-31T09:36:33-05:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2024-01-01 362412022 HARVARD COMMUNITY CREDIT UNION HARV 8159436500 1200 S DIVISION HARVARD IL 60033 CONNIE ANDERSON DIRECTOR/CU PRESIDENT 8159436500 2025-10-29 1 1 MELANIE MCPEAK P01346034 8478888600 2024 2025-03-06 01:10:19Z CONNIE ANDERSON 1200 S DIVISION HARVARD IL 60033 1463306 0 X WWW.HARVARDCCU.ORG X COOPERATIVE 1956 IL TO ASSIST OUR MEMBERS WITH THEIR FINANCIAL NEEDS WHILE ENHANCING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 7 6 7 6 0 0 0 0 1156587 1335326 149607 83748 84126 44232 1390320 1463306 0 3132 0 0 421162 422971 0 0 0 970749 1236645 1391911 1662748 -1591 -199442 23005169 20884114 20867462 18945849 2137707 1938265 TO ASSIST OUR MEMBERS WITH THEIR FINANCIAL NEEDS WHILE ENHANCING THE FINANCIAL STRENGTH OF THE CREDIT UNION. 0 0 CONSUMER LOANS: AT DECEMBER 31, 2024, THERE WERE 503 CONSUMER LOANS, WHICH CONSISTED OF 277 UNSECURED LOANS AND LINES OF CREDIT, 184 VEHICLE LOANS & 42 MISCELLANEOUS LOANS. PROVIDED CHECKING ACCOUNTS AND CDS TO APPROXIMATELY 1,130 MEMBERS. ACCEPTED DEPOSITS AND ISSUED SHARE CERTIFICATES TO MEMBERS. THE TOTAL SHARE BALANCE AT THE END OF 2024 WAS $18,884,501. THIS NUMBER CONSISTED OF SHARE BALANCES OF $6,431,453, SHARE DRAFT BALANCES OF $7,603,124 AND CERTIFICATE BALANCES OF $4,849,924. 0 0 1 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 1 407 0 1 7 1 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X CONNIE ANDERSON 8159436500 1200 S DIVISION HARVARD IL 60033 CONNIE ANDERSON DIRECTOR/CU PRESIDENT 40.00 0.00 X X 90740 0 6000 DR JON WARNECKE CHAIRPERSON 1.50 0.00 X X 0 0 0 MICHAEL VEST VICE CHAIRPERSON 1.50 0.00 X X 0 0 0 VERONICA FIGUEROA DIRECTOR 1.50 0.00 X 0 0 0 TAMMY HERRERA DIRECTOR 1.50 0.00 X 0 0 0 ANNETTE HILDRETH DIRECTOR 1.50 0.00 X 0 0 0 KELLEY SCHULZ DIRECTOR 1.50 0.00 X 0 0 0 90740 0 6000 0 0 0 0 0 INTEREST ON LOANS 522291 1105232 1105232 LATE LOAN FEES 522291 77150 77150 DOC FEES 522291 63660 63660 SHARE DRAFT FEES 522291 45182 45182 INTERCHANGE FEES 522291 44102 44102 1335326 83748 83748 INSURANCE INCOME 900099 17837 17837 OTHER INCOME 900099 13872 13872 STATEMENT FEES 522291 12523 12523 44232 1463306 1379558 0 83748 3132 96740 271248 26709 28274 40620 121055 1413 35155 103514 4211 38807 12918 DIVIDEND EXPENSE 423292 PROVISION FOR LOAN LOSS 290000 VISA EXPENSE 57911 TRANS UNION 23133 84616 1662748 1031849 771506 4667957 3375188 16637099 16166683 72891 8057 1150590 768393 408529 382197 186844 180483 23005169 20884114 61710 61348 250000 0 20555752 18884501 20867462 18945849 X 0 0 0 0 2137707 1938265 2137707 1938265 23005169 20884114 -199442 0 X 0 0 0 750 750 1 CREDIT UNION POLITICAL ACTION COUNCIL 1807 W DIEHL ROAD NAPERVILLE IL 605667107 363092340 750 SCHEDULE C, PART I-A, LINE 1 THE CREDIT UNION MADE A CONTRIBUTION TO THE CREDIT UNION POLITICAL ACTION COMMITTEE. 60000 60000 679713 405922 273791 410877 362471 48406 382197 SHARE DRAFTS 7603124 SHARES 6431453 SHARE CERTIFICATES OF DEPOSIT 4849924 18884501 FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS - WHEN A PERSON OPENS A SAVINGS ACCOUNT AT THE CREDIT UNION, THE PERSON BECOMES A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS - THE CREDIT UNION HOLDS AN ANNUAL MEETING AND ALL MEMBERS ARE INVITED. THE MEMBERS ELECT A GOVERNING BODY AT THE ANNUAL MEETING FOR THE FOLLOWING YEAR. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS - 99.9% OF ALL DECISIONS ARE MADE BY THE GOVERNING BODY. ONLY UNDER EXTREME CIRCUMSTANCES WOULD A DECISION BE SUBJECT TO APPROVAL BY MEMBERS, SUCH AS DISSOLVING THE ORGANIZATION OR MERGING WITH ANOTHER ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE PRESIDENT/MANAGER HAS BEEN GIVEN THE AUTHORITY TO REVIEW THE FORM PRIOR TO FILING. THE GOVERNING BODY MAY INSPECT THE FORM AT ANY TIME. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL - THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE SALARY OF ALL OFFICERS, MANAGERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.