CENTRAL ILLINOIS CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

CHELSEA ANDERSON

Phone

2173569721

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ILLINOIS CREDIT UNION, founded in 1948, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $344K, a strong 20% operating margin.

Mission

THE CREDIT UNIONS PURPOSE IS TO PROVIDE ITS MEMBERSHIP A FULL RANGE OF QUALITY FINANCIAL SERVICES AT COMPETITIVE RATES. WE ARE COMMITTED TO MEMBER SERVICE IN A FRIENDLY ATMOSPHERE, LONG-TERM FINANCIAL STABILITY, PROMOTION OF THRIFT, AND INVOLVEMENT IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

PROVIDED CONSUMER LENDING AND RECEIVED DEPOSITS FROM THE MEMBERSHIP. THE CREDIT UNION SERVICES IN EXCESS OF 6,000 MEMBER SHARE TYPE ACCOUNTS AND 1,200 LOAN ACCOUNTS, INCLUDING VISA CARDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,061,120

Investment Income $624,890

Other Revenue $0

TOTAL REVENUE $1,686,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,264

Fundraising Expenses $0

Other Expenses $833,857

TOTAL EXPENSES $1,342,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,686,010	$1,581,798	+0.1%
Expenses	$1,342,121	$1,032,473	+0.3%
Net Income	$343,889	$549,325	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$223,515

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA R ANDERSON	PRESIDENT	40.00	Officer	$124,288	$8,303	$132,591
JERRICA E GALLEGOS	VICE-PRESIDENT	40.00	Officer	$88,944	$1,980	$90,924
CHERI SCOTT	BOARD CHAIR	1.00	Director	$0	$0	$0
JEFF MORTON	BOARD VICE-CHAIR	1.00	Director	$0	$0	$0
KURT KENNEN	BOARD TREASURER	1.00	Director	$0	$0	$0
ANTHONY SMITH	SECRETARY	1.00	Director	$0	$0	$0
KRISTIN BLACKWELL	DIRECTOR	1.00	Director	$0	$0	$0
KOREN GLADNEY	DIRECTOR	1.00	Director	$0	$0	$0
BETH VISEL	DIRECTOR	1.00	Director	$0	$0	$0
RUSS NORTHRUP	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA SILVER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$1,686,010	$1,342,121	$27,156,664	$343,889
2023	$1,581,798	$1,032,473	$25,263,230	$549,325
2022	$1,235,468	$1,019,001	$25,024,351	$216,467
2021	$986,549	$835,156	$23,879,947	$151,393
2020	$923,326	$821,334	$21,850,922	$101,992
2019	$947,992	$814,257	$18,326,212	$133,735
2018	$863,679	$722,013	$18,055,820	$141,666