Nonprofit · EIN 23-7250155
BAXTER CREDIT UNION
Tax-exempt · VERNON HILLS, IL 60061
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $507,368,239 | $463,088,731 | $44,279,508 | $6,337,833,454 | $5,737,514,305 | $600,319,149 |
| December 31, 2024 | 990 | $482,765,408 | $459,652,967 | $23,112,441 | $6,018,343,455 | $5,473,287,755 | $545,055,700 |
| December 31, 2023 | 990 (amended) | $443,875,303 | $404,556,766 | $39,318,537 | $5,895,172,593 | $5,369,787,519 | $525,385,074 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $426,818,884
- Investment income
- $80,549,355
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $87,952,941
- Salaries, compensation and benefits (total)
- $107,817,442
- Professional fundraising fees
- $0
- Legal fees
- $268,468
- Accounting fees
- $145,276
- Occupancy
- $3,617,221
- Travel
- $1,040,726
- Depreciation
- $12,130,878
Balance sheet and other
- Total assets, start of year
- $6,018,343,455
- Total assets, end of year
- $6,337,833,454
- Total liabilities, end of year
- $5,737,514,305
- Net assets, end of year
- $600,319,149
- Land, buildings and equipment
- $101,421,866
- Publicly traded securities
- $398,736,268
- Gross receipts
- $507,368,239
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1981
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Valentine | President, CEO and Treasurer Officer | 40 | $1,995,776 |
| James Block | EVP/Chief Operating Officer Officer | 40 | $948,115 |
| Carl Presto | EVP/CFO Officer | 40 | $937,823 |
| David Blum | EVP Corporate Relationships and US Service Centers Officer | 40 | $841,731 |
| Lisa Baron | EVP/CHRO Officer | 40 | $785,721 |
| Edwin T Watson | Wealth Advisor Highest-paid employee | 40 | $569,567 |
| Scott Zulpo | EVP/CIO Officer | 40 | $528,026 |
| John Anderson | Investment Advisors Highest-paid employee | 40 | $508,116 |
| David Brydun | SVP/Chief Lending Officer Officer | 40 | $495,295 |
| Dan Parsons | SVP US Service Centers Officer | 40 | $494,917 |
| Jill Sammons | SVP/Marketing and Brand Strategy Officer | 40 | $493,277 |
| Kerriann Mills | EVP/Chief Legal Officer Officer | 40 | $468,989 |
| Kristi Mertens | Managing Director, Wealth Advisors Highest-paid employee | 40 | $453,519 |
| Heather Wright | Wealth Advisors Highest-paid employee | 40 | $421,485 |
| Brian Farrissey | Wealth Advisor Highest-paid employee | 40 | $409,433 |
25 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Smith | SVP/Controller Officer | 40 | $405,108 |
| Bhavna Guglani | SVP, Chief Digital Officer Officer | 40 | $402,655 |
| Stephenie Southard | SVP/CISO Officer | 40 | $399,683 |
| Maria Garcia | SVP/Member Operations Officer | 40 | $376,230 |
| Patty Mitchell | VP of Compensation Officer | 40 | $352,835 |
| Brett Engel | VP, Finance and Risk Officer | 40 | $342,840 |
| Joe McCarthy | VP, Real Estate Lending Officer | 40 | $334,506 |
| Davi Allen | VP, Consumer Lending Officer | 40 | $332,277 |
| Jordan Mueller | VP, Program Delivery Officer | 40 | $321,812 |
| John Sahagian | VP Officer | 40 | $319,209 |
| Dmitriy Melnick | VP, Software Development Officer | 40 | $309,602 |
| Keith Parris | VP, Contact Center Opts Officer | 40 | $290,359 |
| Harvey Rindt | VP, Compliance Officer | 40 | $264,853 |
| Dan Cook | VP, US Retail Branches Officer | 40 | $246,312 |
| Michael Curran | Chairman Trustee or director | 40 | $49,500 |
| Paul Martin | Director Trustee or director | 40 | $38,500 |
| Christine McCauley | Director Trustee or director | 40 | $38,500 |
| Christine Fleming | Director and Secretary Trustee or director | 40 | $38,500 |
| Ola Snow | Director Trustee or director | 40 | $33,000 |
| Brett Craig | Director Trustee or director | 40 | $33,000 |
| Al Nietzel | Director Trustee or director | 40 | $33,000 |
| Betty Larson | Director Trustee or director | 40 | $33,000 |
| David Strauss | Director Trustee or director | 40 | $33,000 |
| Bill Costa | Director Trustee or director | 40 | $33,000 |
| Robyn Wells | Director Trustee or director | 40 | $16,500 |
990 for the year ended December 31, 2024: 40 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Valentine | President, CEO and Treasurer Officer | 40 | $1,834,831 |
| James Block | EVP/Chief Operating Officer Officer | 40 | $866,380 |
| Carl Presto | EVP/CFO Officer | 40 | $814,599 |
| Lisa Baron | EVP/CHRO Officer | 40 | $808,502 |
| David Blum | EVP Corporate Relationships and US Service Centers Officer | 40 | $709,999 |
| Scott Zulpo | EVP/CIO Officer | 40 | $482,122 |
| Kristi Mertens | Managing Director, Wealth Advisors Highest-paid employee | 40 | $480,247 |
| Edwin T Watson | Wealth Advisor Highest-paid employee | 40 | $478,931 |
| David Brydun | SVP/Chief Lending Officer Officer | 40 | $468,592 |
| Kerriann Mills | SVP/General Counsel Officer | 40 | $416,681 |
| John Anderson | Investment Advisors Highest-paid employee | 40 | $409,531 |
| Dan Parsons | SVP US Service Centers Officer | 40 | $378,175 |
| Stephanie Southard | SVP/CISO Officer | 40 | $355,919 |
| Jill Sammons | SVP/Marketing and Brand Strategy Officer | 40 | $349,188 |
| Charles Smith | SVP/Controller Officer | 40 | $348,679 |
| Bhavna Guglani | SVP, Chief Digital Officer Officer | 40 | $333,272 |
| Patty Mitchell | Director of Compensation Highest-paid employee | 40 | $324,314 |
| Maria Garcia | SVP/Member Operations Officer | 40 | $321,593 |
| Brett Engel | VP, Finance and Risk Officer | 40 | $304,999 |
| Davi Allen | VP, Consumer Lending Officer | 40 | $300,118 |
| Brandon Bierut | Consumer Loan Sales Highest-paid employee | 40 | $295,817 |
| John Sahagian | VP Officer | 40 | $294,037 |
| Heather Wright | Wealth Advisors Highest-paid employee | 40 | $291,158 |
| Joe McCarthy | VP, Real Estate Lending Officer | 40 | $278,756 |
| Dmitriy Melnick | Senior Director, Software Development Officer | 40 | $269,705 |
| Jordan Muller | VP, Program Delivery Officer | 40 | $269,004 |
| Keith Paris | VP, Contact Center Opts Officer | 40 | $251,597 |
| Harvey Rindt | VP, Compliance Officer | 40 | $233,743 |
| Dan Cook | VP, US Retail Branches Officer | 40 | $207,194 |
| Michael Curran | Chairman Trustee or director | 40 | $49,500 |
| Paul Martin | Director Trustee or director | 40 | $38,500 |
| Christine McCauley | Director Trustee or director | 40 | $38,500 |
| Christine Fleming | Director and Secretary Trustee or director | 40 | $38,500 |
| Ola Snow | Director Trustee or director | 40 | $33,000 |
| Brett Craig | Director Trustee or director | 40 | $33,000 |
| Al Nietzel | Director Trustee or director | 40 | $33,000 |
| Betty Larson | Director Trustee or director | 40 | $33,000 |
| David Strauss | Director Trustee or director | 40 | $33,000 |
| Bill Costa | Director Trustee or director | 40 | $33,000 |
| Robin Wells | Director Trustee or director | 40 | $16,500 |
990 for the year ended December 31, 2023: 40 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Michael Valentine | President, CEO and Treasurer Officer | 0 | $0 | $1,552,399 |
| James Block | EVP/Chief Operating Officer Officer | 0 | $0 | $763,459 |
| Carl Presto | EVP/CFO Officer | 0 | $0 | $683,307 |
| Lisa Baron | EVP/CHRO Officer | 0 | $0 | $649,197 |
| David Blum | EVP Corporate Relationships and US Service Centers Officer | 0 | $0 | $576,147 |
| Kristi Mertens | Managing Director, Wealth Advisors Highest-paid employee | 0 | $0 | $448,488 |
| Edwin T Watson | Wealth Advisor Highest-paid employee | 0 | $0 | $408,917 |
| Scott Zulpo | EVP/CIO Officer | 0 | $0 | $360,812 |
| David Brydun | SVP/Chief Lending Officer Officer | 0 | $0 | $352,736 |
| Brandon Bierut | Consumer Loan Sales Highest-paid employee | 0 | $0 | $340,445 |
| John Anderson | Investment Advisors Highest-paid employee | 0 | $0 | $332,059 |
| Stephanie Southard | SVP/CISO Officer | 0 | $0 | $310,363 |
| Charles Smith | SVP/Controller Officer | 0 | $0 | $307,957 |
| Dan Parsons | SVP US Service Centers Officer | 0 | $0 | $296,658 |
| Kerriann Mills | SVP/General Counsel Officer | 0 | $0 | $296,363 |
| Brett Engel | VP, Finance and Risk Officer | 0 | $0 | $282,694 |
| Carey Price | SVP/Digital Strategy and Delivery Officer, Former | 0 | $0 | $282,650 |
| Davi Allen | VP, Consumer Lending Officer | 0 | $0 | $278,062 |
| Douglas Wright | VP/Audit Officer, Former | 0 | $0 | $272,691 |
| John Sahagian | VP Officer | 0 | $0 | $271,512 |
| Maria Garcia | SVP/Member Operations Officer | 0 | $0 | $265,264 |
| Jill Sammons | SVP/Marketing and Brand Strategy Officer | 0 | $0 | $261,406 |
| Joe McCarthy | VP, Real Estate Lending Officer | 0 | $0 | $261,350 |
| Dmitriy Melnick | Senior Director, Software Development Highest-paid employee | 0 | $0 | $258,620 |
| Bhavna Guglani | SVP, Chief Digital Officer Officer | 0 | $0 | $243,452 |
| Jordan Muller | VP, Program Delivery Officer | 0 | $0 | $239,169 |
| Keith Paris | VP, Contact Center Opts Officer | 0 | $0 | $216,088 |
| Dan Cook | VP, US Retail Branches Officer | 0 | $0 | $204,470 |
| Harvey Rindt | VP, Compliance Officer | 0 | $0 | $179,446 |
| Michael Curran | Chairman Trustee or director | 0 | $0 | $49,500 |
| Paul Martin | Director Trustee or director | 0 | $0 | $38,500 |
| Christine McCauley | Director Trustee or director | 0 | $0 | $38,500 |
| Christine Fleming | Director and Secretary Trustee or director | 0 | $0 | $38,500 |
| Ola Snow | Director Trustee or director | 0 | $0 | $33,000 |
| Brett Craig | Director Trustee or director | 0 | $0 | $33,000 |
| Al Nietzel | Director Trustee or director | 0 | $0 | $33,000 |
| Betty Larson | Director Trustee or director | 0 | $0 | $33,000 |
| David Strauss | Director Trustee or director | 0 | $0 | $33,000 |
| Bill Costa | Director Trustee or director | 0 | $0 | $33,000 |
| Robin Wells | Director Trustee or director | 0 | $0 | $16,500 |
Address and contacts
- Address (IRS master file)
- 340 N MILWAUKEE AVE, VERNON HILLS, IL 60061-1533
- Principal officer (990 for 2025)
- Mike Valentine, 340 N Milwaukee Avenue, Vernon Hills, IL 60061
- Signed the 990
- Chuck Smith, SVP & Controller
- Phone
- (800) 388-7000
- Website
- bcu.org
Mission
The organization is a full service, state-chartered credit union providing a broad range of loan and deposit products and other financial services to it members located throughout the US and Puerto Rico using various channels including branches, a call center, and the internet.
Program accomplishments
- Provided 6,613 first mortgages for $2,192,766,8760
- Provided 232,647 member loans for $5,144,180,5640
- Offered loans, deposits, and other financial services to 368,252 members0
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 | 990 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
- 23-7250155
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $6,337,833,454
- Income (IRS master file)
- $507,368,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $507,368,239 | $463,088,731 | $6,337,833,454 | IRS |
| 990 | December 2024 | $482,765,408 | $459,652,967 | $6,018,343,455 | IRS |
| 990 | December 2023 | $443,875,303 | $404,556,766 | $5,895,172,593 | XML |
| 990 | December 2022 | $350,442,030 | $293,104,697 | $5,751,484,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7250155).
Questions about BAXTER CREDIT UNION
- What is the EIN of BAXTER CREDIT UNION?
- The employer identification number (EIN) of BAXTER CREDIT UNION is 23-7250155.
- Is BAXTER CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2003.
- Are donations to BAXTER CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BAXTER 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 BAXTER CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAXTER CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BAXTER CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Mike Valentine.
- Who are the officers and directors of BAXTER CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 40 people; 40 received compensation from the organization, the highest $1,995,776 (Michael Valentine, President, CEO and Treasurer).
- How much revenue does BAXTER CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $507,368,239, expenses of $463,088,731 and total assets of $6,337,833,454 at year end.
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All nonprofits in VERNON HILLS · Illinois · Public and societal benefit