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Nonprofit · EIN 37-0643547

LAND OF LINCOLN CREDIT UNION

Tax-exempt · DECATUR, IL 62521

Financials

$27.3M$24.6M2023$33.7M$30.8M2024
Revenue Expenses · by fiscal year end
Financials of LAND OF LINCOLN CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$33,651,666$30,750,274$2,901,392$469,570,900$430,420,799$39,150,101
December 31, 2023990$27,328,640$24,605,186$2,723,454$450,797,421$416,149,858$34,647,563
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,054,976
of which government grants
$1,054,976
Program service revenue
$29,711,821
Investment income
$2,819,693
Net rental income
$65,176
Net gain from sales of assets
$66,425
Other revenue
$65,176

Expenses

Grants and similar amounts paid
$202,680
Benefits paid to members
$5,905,642
Compensation of officers, directors and key employees
$791,696
Other salaries and wages
$8,029,364
Salaries, compensation and benefits (total)
$10,792,397
Professional fundraising fees
$0
Legal fees
$71,368
Accounting fees
$162,750
Occupancy
$902,252
Travel
$144,962
Depreciation
$1,180,425

Balance sheet and other

Total assets, start of year
$450,797,421
Total assets, end of year
$469,570,900
Total liabilities, end of year
$430,420,799
Net assets, end of year
$39,150,101
Land, buildings and equipment
$13,927,715
Publicly traded securities
$84,050,342
Gross unrelated business income
$5,900
Gross receipts
$35,371,657
Employees
237
Volunteers
10
Year formed
1947
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.

NameTitleHours / weekCompensationOther / benefits
ROBERT ARESPRESIDENT/CEO
Officer
45$349,147$34,134
BEVERLY DAVISCOO
Officer
45$222,954$16,960
BEN AUSTINCIO
Highest-paid employee
45$177,285$25,799
HOWARD MARTINSVP COMMERICAL LENDING
Highest-paid employee
45$167,639$11,092
BRANDI BINKLEYCHIEF HUMAN RESOURCES OFFI
Highest-paid employee
45$159,016$18,298
CHRIS SMITHCFO
Officer
45$146,538$21,964
BLAKE REYNOLDSVP OF OPERATONS
Highest-paid employee
45$147,251$18,645
CAYLA HITTMEIERCMO
Highest-paid employee
45$143,008$16,434
TONY BROWNCHAIR
Trustee or director, Officer
1$0$0
DAVID VENTERVICE CHAIR
Trustee or director, Officer
0.5$0$0
CHARLES PHILLIPSSECRETARY-TREASURER
Trustee or director, Officer
0.5$0$0
KYLE RISBYTREASURER (THRU FEB)
Trustee or director, Officer
0.5$0$0
ROBERT ALLENBOARD MEMBER
Trustee or director
0.5$0$0
MARK CRAWFORDBOARD MEMBER
Trustee or director
0.5$0$0
TONI CURRIEBOARD MEMBER (THRU FEB)
Trustee or director
0.5$0$0
4 more people on this return
NameTitleHours / weekCompensation
CARIE CYCHOLBOARD MEMBER
Trustee or director
0.5$0
TARA MURRAYBOARD MEMBER
Trustee or director
0.5$0
NICOLE PINKSTONBOARD MEMBER
Trustee or director
0.5$0
JOE RIDDERBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
ROBERT ARESPRESIDENT/CEO
Officer
45$283,159$28,270
BEVERLY DAVISCOO
Officer
45$201,438$15,471
BEN AUSTINCIO
Highest-paid employee
45$162,935$26,753
HOWARD MARTINCLO
Highest-paid employee
45$167,705$10,752
CHRIS SMITHCFO
Officer
45$134,849$21,561
TODD HOGANFAC. MAN./SECURITY OFF (THRU 09/2023)
Highest-paid employee
45$137,765$7,501
CALYLA HITTMEIERCMO
Highest-paid employee
45$107,843$16,089
BRANDI BINKLEYCHIEF HUMAN RESOURCES OFFICER
Highest-paid employee
45$103,272$16,414
TONY BROWNCHAIR
Trustee or director, Officer
1$0$0
DAVID VENTERVICE CHAIR
Trustee or director, Officer
0.5$0$0
CHARLES PHILLIPSTREASURER
Trustee or director, Officer
0.5$0$0
RUTH WALLERTREASURER (THRU 02/2023)
Trustee or director, Officer
0.5$0$0
LANDON PAGESECRETARY (THRU 02/2023)
Trustee or director, Officer
0.5$0$0
KYLE RISBYSECRETARY
Trustee or director, Officer
0.5$0$0
ROBERT ALLENBOARD MEMBER
Trustee or director
0.5$0$0
MARK CRAWFORDBOARD MEMBER
Trustee or director
0.5$0$0
TONI CURRIEBOARD MEMBER
Trustee or director
0.5$0$0
CALVIN GREENBOARD MEMBER (THRU 02/2023)
Trustee or director
0.5$0$0
NICOLE PINKSTONBOARD MEMBER
Trustee or director
0.5$0$0
JOE RIDDERBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
4850 E PROSPERITY PL, DECATUR, IL 62521-5102
In care of
% BEVERLY DAVIS
Principal officer (990 for 2024)
ROBERT ARES, 1435 N WATER ST, DECATUR, IL 62526
Signed the 990
BLAKE REYNOLDS, CFO
Phone
(217) 864-3030
Return prepared by
WIPFLI ADVISORY LLC

Mission

TO PROVIDE EDUCATION AND SERVICES TO OUR MEMBERS SO THEY CAN ACHIEVE FINANCIAL SUCCESS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED 6,412 CONSUMER LOANS TO MEMBERS.
  • PROVIDED MORTGAGE LOANS TO 244 MEMBERS.
  • PROVIDED SAVINGS VEHICLES AND OTHER FINANCIAL SERVICES TO 35,023 MEMBERS.

What it must file and when

IRS records say it files Not required. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-0643547
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1934
Accounting year ends
December
Files
Not required
Assets (IRS master file)
$469,570,900
Income (IRS master file)
$35,371,657

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$33,651,666$30,750,274$469,570,900XML
990December 2023$27,328,640$24,605,186$450,797,421XML
990December 2022$22,450,497$19,168,310$380,839,730IRS
990December 2021$20,389,555$16,942,682$357,439,691IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 37-0643547).

Questions about LAND OF LINCOLN CREDIT UNION

What is the EIN of LAND OF LINCOLN CREDIT UNION?
The employer identification number (EIN) of LAND OF LINCOLN CREDIT UNION is 37-0643547.
Is LAND OF LINCOLN CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1934.
Are donations to LAND OF LINCOLN CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAND OF LINCOLN CREDIT UNION file?
Form Not required.
When is the next return of LAND OF LINCOLN 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 LAND OF LINCOLN 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 LAND OF LINCOLN CREDIT UNION?
The 990 for the year ended December 31, 2024 names ROBERT ARES.
Who are the officers and directors of LAND OF LINCOLN CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 19 people; 8 received compensation from the organization, the highest $349,147 (ROBERT ARES, PRESIDENT/CEO).
How much revenue does LAND OF LINCOLN CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $33,651,666, expenses of $30,750,274 and total assets of $469,570,900 at year end.

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