Nonprofit · EIN 37-0805312
ILLINOIS STATE CREDIT UNION
Tax-exempt · NORMAL, IL 61761
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,684,802 | $13,685,567 | $999,235 | $219,185,262 | $195,354,403 | $23,830,859 |
| December 31, 2023 | 990 | $13,360,929 | $11,912,390 | $1,448,539 | $205,398,895 | $182,962,638 | $22,436,257 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,155,144
- Investment income
- $1,516,267
- Other revenue
- $13,391
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $357,845
- Other salaries and wages
- $3,728,098
- Salaries, compensation and benefits (total)
- $5,450,604
- Professional fundraising fees
- $0
- Accounting fees
- $114,501
- Occupancy
- $443,629
- Travel
- $177,184
Balance sheet and other
- Total assets, start of year
- $205,398,895
- Total assets, end of year
- $219,185,262
- Total liabilities, end of year
- $195,354,403
- Net assets, end of year
- $23,830,859
- Land, buildings and equipment
- $4,010,844
- Publicly traded securities
- $10,797,002
- Gross receipts
- $14,684,802
- Employees
- 80
- Volunteers
- 10
- Year formed
- 1960
- 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 |
|---|---|---|---|---|
| THOMAS EWEN | PRESIDENT Officer | 40 | $326,938 | $30,906 |
| LARRY QUANE | DIRECTOR/CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| BART LYTEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN DEVLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP SCHROEDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE JOHNSON | DIRECTOR/TREASURER Trustee or director | 1 | $0 | $0 |
| KEVIN TALBOTT | DIRECTOR/VICE CHAIR Trustee or director | 1 | $0 | $0 |
| BOB NAVARRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY ALFERINK | DIRECTOR/SECRETARY Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS EWEN | PRESIDENT Officer | 40 | $333,333 | $29,362 |
| LARRY QUANE | DIRECTOR/CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| BART LYTEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL FISH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HANK CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN DEVLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP SCHROEDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE JOHNSON | DIRECTOR/TREASURER Trustee or director | 1 | $0 | $0 |
| KEVIN TALBOTT | DIRECTOR/VICE CHAIR Trustee or director | 1 | $0 | $0 |
| BOB NAVARRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY ALFERINK | DIRECTOR/SECRETARY Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1309 CENTER ST, NORMAL, IL 61761-3458
- Principal officer (990 for 2024)
- THOM EWEN, 1309 S CENTER ST, NORMAL, IL 61761
- Signed the 990
- THOM EWEN, PRESIDENT
- Phone
- (309) 451-8400
- Website
- www.itsmycreditunion.org
- Return prepared by
- LMHN LTD
Mission
THE CREDIT UNION IS COMMITTED TO PROVIDING QUALITY SERVICES AND PROGRAMS TO MEET THE INDIVIDUAL NEEDS OF MEMBERS WHILE PRESERVING THE FINANCIAL STABILITY AND SECURITY OF THE ORGANIZATION.
Program accomplishments
- PROVIDED CONSUMER LENDING AND RECEIVED DEPOSITS FROM THE CREDIT UNIOn MEMBERSHIP. THE CREDIT UNION SERVICES IN EXCESS OF 39,809 MEMBER SHARE ACCOUNTS AND 11,674 LOAN ACCOUNTS, INCLUDING VISA CARDS.
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
- 37-0805312
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $219,185,262
- Income (IRS master file)
- $14,684,802
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,684,802 | $13,685,567 | $219,185,262 | XML |
| 990 | December 2023 | $13,360,929 | $11,912,390 | $205,398,895 | XML |
| 990 | December 2022 | $11,324,968 | $9,938,008 | $200,084,115 | 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 37-0805312).
Questions about ILLINOIS STATE CREDIT UNION
- What is the EIN of ILLINOIS STATE CREDIT UNION?
- The employer identification number (EIN) of ILLINOIS STATE CREDIT UNION is 37-0805312.
- Is ILLINOIS STATE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1960.
- Are donations to ILLINOIS STATE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS STATE 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 ILLINOIS STATE 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 ILLINOIS STATE 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 ILLINOIS STATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names THOM EWEN.
- Who are the officers and directors of ILLINOIS STATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $326,938 (THOMAS EWEN, PRESIDENT).
- How much revenue does ILLINOIS STATE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,684,802, expenses of $13,685,567 and total assets of $219,185,262 at year end.
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