Nonprofit · EIN 23-0338105
LEHIGH VALLEY EDUCATORS CREDIT UNION
Tax-exempt · ALLENTOWN, PA 18103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,987,821 | $15,962,660 | $3,025,161 | $437,645,185 | $385,983,071 | $51,662,114 |
| December 31, 2023 | 990 | $12,311,883 | $11,587,552 | $724,331 | $412,042,275 | $364,897,568 | $47,144,707 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,963,890
- Investment income
- $9,975,125
- Net gain from sales of assets
- $29,741
- Other revenue
- $48,806
Expenses
- Grants and similar amounts paid
- $90,000
- Compensation of officers, directors and key employees
- $801,597
- Other salaries and wages
- $1,417,597
- Salaries, compensation and benefits (total)
- $2,659,402
- Professional fundraising fees
- $0
- Legal fees
- $44,672
- Accounting fees
- $2,548
- Occupancy
- $416,979
- Travel
- $2,292
- Depreciation
- $252,742
Balance sheet and other
- Total assets, start of year
- $412,042,275
- Total assets, end of year
- $437,645,185
- Total liabilities, end of year
- $385,983,071
- Net assets, end of year
- $51,662,114
- Land, buildings and equipment
- $4,302,198
- Publicly traded securities
- $255,482,366
- Gross unrelated business income
- $1,866
- Gross receipts
- $27,637,080
- Employees
- 31
- Volunteers
- 10
- Year formed
- 1934
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSEMARIE E KRANTZ | CEO Officer | 40 | $207,377 | $175,584 |
| MARIE A RHODA | CLO Officer | 40 | $135,866 | $79,432 |
| ANN HOFF | CFO Officer | 40 | $113,468 | $62,635 |
| WILLIAM AYERS | BOARD CHAIRPERSON Trustee or director | 1 | $2,000 | $0 |
| GARY FEDORCHA | BOARD VICE CHAIR Trustee or director | 1 | $1,500 | $0 |
| EUGENIA EMERT | SECRETARY/TREASURER Trustee or director | 1 | $1,500 | $0 |
| DANIEL JOSEPH | DIRECTOR Trustee or director | 1 | $750 | $0 |
| SHERRI MOLITORIS | DIRECTOR Trustee or director | 1 | $750 | $0 |
| DENNIS NEMES - ENDING 9152024 | DIRECTOR Trustee or director | 1 | $750 | $0 |
| RYAN VAN NORMAN | DIRECTOR Trustee or director | 1 | $750 | $0 |
| GARY PHILLIPS | DIRECTOR Trustee or director | 1 | $750 | $0 |
| DANIEL WEAVER - ENDING 12312024 | DIRECTOR Trustee or director | 1 | $750 | $0 |
| JILLIAN EMERT | MEMBERSHIP OFFICER Trustee or director | 1 | $500 | $0 |
| BARBARA NEMES - BEGINNING 11252024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSEMARIE E KRANTZ | CEO Officer | 40 | $242,598 | $122,360 |
| MARIE A RHODA | CLO Officer | 40 | $124,075 | $48,902 |
| ANN HOFF | CFO Officer | 40 | $103,879 | $57,856 |
| WILLIAM AYERS | BOARD CHAIRPERSON Trustee or director | 1 | $1,500 | $0 |
| GARY FEDORCHA | BOARD VICE CHAIR Trustee or director | 1 | $1,000 | $0 |
| EUGENIA EMERT | SECRETARY/TREASURER Trustee or director | 1 | $750 | $0 |
| DANIEL JOSEPH | DIRECTOR Trustee or director | 1 | $600 | $0 |
| SHERRI MOLITORIS | DIRECTOR Trustee or director | 1 | $600 | $0 |
| DENNIS NEMES | DIRECTOR Trustee or director | 1 | $600 | $0 |
| RYAN VAN NORMAN | DIRECTOR Trustee or director | 1 | $600 | $0 |
| GARY PHILLIPS | DIRECTOR Trustee or director | 1 | $600 | $0 |
| DANIEL WEAVER | DIRECTOR Trustee or director | 1 | $600 | $0 |
| JILLIAN EMERT | MEMBERSHIP OFFICER Trustee or director | 1 | $350 | $0 |
Address and contacts
- Address (IRS master file)
- 3720 HAMILTON BLVD, ALLENTOWN, PA 18103-4503
- Principal officer (990 for 2024)
- ROSEMARIE KRANTZ, 3720 HAMILTON BLVD, ALLENTOWN, PA 18103
- Signed the 990
- ROSEMARIE KRANTZ, CEO
- Phone
- (610) 820-0145
- Website
- WWW.LVECU.ORG
- Return prepared by
- RKL LLP
Mission
MAINTAIN FINANCIAL SOUNDNESS WHILE EMPOWERING MEMBERS TO WORK TOWARD FINANCIAL SUCCESS.
Program accomplishments
- PROVIDE MORE THAN 8,300 LOANS TO OVER 15,000 MEMBERS.
- PROVIDE FINANCIAL SERVICES TO OVER 15,000 MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-0338105
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0885: CREDIT UNIONS CHARTERED IN THE STATE OF PENNSYLVANIA
- Assets (IRS master file)
- $437,645,185
- Income (IRS master file)
- $27,637,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,987,821 | $15,962,660 | $437,645,185 | XML |
| 990 | December 2023 | $12,311,883 | $11,587,552 | $412,042,275 | XML |
| 990 | December 2022 | $11,017,714 | $7,914,560 | $400,823,762 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-0338105).
Questions about LEHIGH VALLEY EDUCATORS CREDIT UNION
- What is the EIN of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The employer identification number (EIN) of LEHIGH VALLEY EDUCATORS CREDIT UNION is 23-0338105.
- Is LEHIGH VALLEY EDUCATORS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to LEHIGH VALLEY EDUCATORS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEHIGH VALLEY EDUCATORS CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEHIGH VALLEY EDUCATORS CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEHIGH VALLEY EDUCATORS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ROSEMARIE KRANTZ.
- Who are the officers and directors of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 14 people; 13 received compensation from the organization, the highest $207,377 (ROSEMARIE E KRANTZ, CEO).
- How much revenue does LEHIGH VALLEY EDUCATORS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,987,821, expenses of $15,962,660 and total assets of $437,645,185 at year end.
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