Nonprofit · EIN 36-6066772
ALLIANT CREDIT UNION
Tax-exempt · CHICAGO, IL 60666
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,266,937,770 | $1,185,270,168 | $81,667,602 | $19,539,151,845 | $18,117,300,934 | $1,421,850,911 |
| December 31, 2023 | 990 | $1,150,050,242 | $1,066,312,504 | $83,737,738 | $18,473,232,789 | $17,179,375,007 | $1,293,857,782 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,140,326,541
- Investment income
- $126,611,229
- Net gain from sales of assets
- $8,794,550
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $16,000
- Compensation of officers, directors and key employees
- $8,854,767
- Other salaries and wages
- $109,226,442
- Salaries, compensation and benefits (total)
- $153,887,151
- Professional fundraising fees
- $0
- Legal fees
- $969,640
- Accounting fees
- $525,300
- Occupancy
- $2,066,855
- Travel
- $1,036,521
- Depreciation
- $10,203,766
Balance sheet and other
- Total assets, start of year
- $18,473,232,789
- Total assets, end of year
- $19,539,151,845
- Total liabilities, end of year
- $18,117,300,934
- Net assets, end of year
- $1,421,850,911
- Land, buildings and equipment
- $20,420,127
- Publicly traded securities
- $3,119,446,906
- Gross unrelated business income
- $701,719
- Gross receipts
- $2,990,439,048
- Employees
- 999
- Volunteers
- 0
- Year formed
- 1935
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dennis Devine END 102024 | CEO Trustee or director, Officer | 40 | $6,305,376 | $120,773 |
| Sumeet Grover | EVP Highest-paid employee | 40 | $987,328 | $112,750 |
| Kenneth Crowder | Retail Mortgage Loan Officer Highest-paid employee | 40 | $1,012,707 | $83,056 |
| Diane Hughes | EVP Highest-paid employee | 40 | $927,943 | $117,150 |
| Mark Lau | EVP, CFO Officer | 40 | $852,653 | $105,700 |
| Meredith Ritchie | EVP, Counsel Officer | 40 | $786,547 | $122,050 |
| Kenneth Schaafsma | EVP/Interim CEO Highest-paid employee | 40 | $822,641 | $61,400 |
| James Warder | EVP Highest-paid employee | 40 | $698,060 | $38,713 |
| David Leib | Chairperson Trustee or director | 1 | $70,000 | $0 |
| Lee Achord | Vice Chairperson Trustee or director | 1 | $60,000 | $0 |
| Sabrina King | Board Secretary Trustee or director | 1 | $60,000 | $0 |
| Ajibola Johnson | Chairperson of Supervisory Committee Trustee or director | 1 | $56,667 | $0 |
| Kenton Chow | Chairperson of Compensation & Talent Trustee or director | 1 | $56,667 | $0 |
| Deepak Khandelwal | Board Member Trustee or director | 1 | $50,000 | $0 |
| Sue Bettman | Board Member Trustee or director | 1 | $50,000 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Woody Woodring | Board Member Trustee or director | 1 | $50,000 |
| Sarah Searls START 022024 | Board Member Trustee or director | 1 | $33,334 |
| David Tentinger START 042024 | Board Member Trustee or director | 1 | $25,000 |
| Irwin Gzesh END 022024 | Chairperson of Supervisory Committee Trustee or director | 1 | $25,000 |
| Julian Chu END 022024 | Chairperson of Compensation & Talent, Board Secretary Trustee or director | 1 | $25,000 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dennis Devine | Executive Director/CEO Trustee or director, Officer | 40 | $3,117,129 | $35,614 |
| Neeru Arora | Senior Vice President Highest-paid employee | 40 | $855,296 | $14,951 |
| Harry Zhu (end 092023) | Senior Vice President Highest-paid employee | 40 | $814,914 | $27,750 |
| Meredith Ritchie | Senior Vice President, Counsel Officer | 40 | $741,138 | $32,166 |
| Diane Hughes | Senior Vice President Highest-paid employee | 40 | $743,564 | $27,922 |
| Sumeet Grover | Senior Vice President Highest-paid employee | 40 | $721,495 | $27,750 |
| Charles Krawitz | Senior Vice President Highest-paid employee | 40 | $701,214 | $32,166 |
| Kenneth Schaafsma | Senior Vice President Highest-paid employee | 40 | $679,449 | $27,316 |
| Mark Lau | Senior Vice President, CFO Officer | 40 | $664,961 | $39,116 |
| David Leib | Chairperson Trustee or director | 1 | $65,417 | $0 |
| Irwin Gzesh | Chairperson of Supervisory Committee Trustee or director | 1 | $58,750 | $0 |
| Julian Chu | Chairperson, Compensation & Talent, Board Secretary Trustee or director | 1 | $58,750 | $0 |
| Lee Achord | Vice Chairperson Trustee or director | 1 | $58,750 | $0 |
| Sabrina King | Board Member Trustee or director | 1 | $55,417 | $0 |
| Ajibola Johnson | Board Member Trustee or director | 1 | $48,750 | $0 |
| Kenton Chow | Board Member Trustee or director | 1 | $48,750 | $0 |
| Sue Bettman | Board Member Trustee or director | 1 | $48,750 | $0 |
| Deepak Khandelwal (Start 022023) | Board Member Trustee or director | 1 | $33,333 | $0 |
| Ted Davidson (End 022023) | Chairperson Trustee or director | 1 | $27,917 | $0 |
| Scott Wilson (End 022023) | Board Member Trustee or director | 1 | $19,583 | $0 |
| Woody Woodring (Start 092023) | Board Member Trustee or director | 1 | $8,333 | $0 |
Address and contacts
- Address (IRS master file)
- 11545 W TOUHY AVE, CHICAGO, IL 60666-5000
- In care of
- % PAYROLL - FINANCIAL REPORTING
- Principal officer (990 for 2024)
- Michael Dobbins, 11545 W Touhy Avenue, Chicago, IL 60666
- Signed the 990
- KEVIN DEVLIN, VP OF ACCOUNTING
- Phone
- (773) 462-2000
- Website
- WWW.ALLIANTCREDITUNION.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
ALLIANT CREDIT UNION OPERATES TO BENEFIT MEMBERS. ALLIANT CREDIT UNION OPERATES WITHOUT PROFIT FOR MUTUAL PURPOSE. WE STRIVE TO BENEFIT OUR MEMBERS THROUGH HIGHER DIVIDENDS ON SAVINGS AND LOWER LOAN RATES.
Program accomplishments
- LENDING SERVICES - WE OFFER VARIOUS CREDIT SOLUTIONS AT REASONABLE RATES OF INTEREST INCLUDING 1ST AND 2ND MORTGAGE, CONSUMER LOANS, CREDIT CARDS, PERSONAL LOANS AND BUSINESS LOANS.
- DEPOSIT PRODUCTS - WE OFFER NUMEROUS DEPOSIT PRODUCTS AT A HIGHER THAN AVERAGE INTEREST RATE INCLUDING CHECKING, SAVINGS, CERTIFICATE OF DEPOSITS, AND CUSTODIAL ACCOUNTS.
- INVESTMENT SERVICES - FULL SERVICE FINANCIAL ADVISORY PROGRAM OFFERING MEMBERS RETIREMENT, INSURANCE, AND INVESTMENT SERVICES.
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
- 36-6066772
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $19,539,151,845
- Income (IRS master file)
- $2,990,439,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,266,937,770 | $1,185,270,168 | $19,539,151,845 | XML |
| 990 | December 2023 | $1,150,050,242 | $1,066,312,504 | $18,473,232,789 | XML |
| 990 | December 2022 | $734,170,214 | $566,974,537 | $18,739,008,483 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 36-6066772).
Questions about ALLIANT CREDIT UNION
- What is the EIN of ALLIANT CREDIT UNION?
- The employer identification number (EIN) of ALLIANT CREDIT UNION is 36-6066772.
- Is ALLIANT CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1964.
- Are donations to ALLIANT CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALLIANT 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 ALLIANT 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 ALLIANT 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 ALLIANT CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Michael Dobbins.
- Who are the officers and directors of ALLIANT CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $6,305,376 (Dennis Devine END 102024, CEO).
- How much revenue does ALLIANT CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,266,937,770, expenses of $1,185,270,168 and total assets of $19,539,151,845 at year end.
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