Nonprofit · EIN 48-0477295
CREDIT UNION OF AMERICA
Tax-exempt · WICHITA, KS 67213
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $112,083,414 | $99,705,800 | $12,377,614 | $1,640,677,742 | $1,439,972,086 | $200,705,656 |
| December 31, 2023 | 990 | $93,587,830 | $80,784,436 | $12,803,394 | $1,514,756,460 | $1,326,798,639 | $187,957,821 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $106,700,181
- Investment income
- $4,245,296
- Royalties
- $135,066
- Other revenue
- $1,137,937
Expenses
- Grants and similar amounts paid
- $122,170
- Compensation of officers, directors and key employees
- $2,595,703
- Other salaries and wages
- $18,595,061
- Salaries, compensation and benefits (total)
- $26,548,962
- Professional fundraising fees
- $0
- Legal fees
- $21,669
- Accounting fees
- $2,182,209
- Occupancy
- $1,899,567
- Travel
- $140,287
- Depreciation
- $3,398,310
Balance sheet and other
- Total assets, start of year
- $1,514,756,460
- Total assets, end of year
- $1,640,677,742
- Total liabilities, end of year
- $1,439,972,086
- Net assets, end of year
- $200,705,656
- Land, buildings and equipment
- $32,448,799
- Publicly traded securities
- $32,377,330
- Gross unrelated business income
- $278,064
- Gross receipts
- $112,083,414
- Employees
- 369
- Volunteers
- 9
- Year formed
- 1935
- State of legal domicile
- KS
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 |
|---|---|---|---|---|
| FRANK SHOFFNER | CEO Officer | 45 | $1,085,409 | $183,008 |
| LEA ANN GABBERT | CAO Officer | 45 | $319,597 | $102,676 |
| SAM GROVE | CFO Officer | 45 | $271,998 | $91,669 |
| JON DOUGLAS | CIO Officer | 45 | $252,037 | $17,611 |
| DAVID GERMANN | CLO (TERMINATED) Officer | 45 | $248,097 | $6,015 |
| NICOLE EL-CHAMI | COO Officer | 45 | $229,304 | $24,247 |
| HEATHER BAKER | REAL ESTATE LOAN OFFICER Highest-paid employee | 45 | $202,614 | $31,580 |
| KYM MONEY | VP MARKETING Highest-paid employee | 45 | $195,330 | $24,451 |
| JIM JACOBS | SVP RISK & ACCOUNTING Highest-paid employee | 45 | $195,028 | $13,724 |
| GINA EVANS | VP HUMAN RESOURCES Highest-paid employee | 45 | $182,118 | $20,653 |
| ROY MANSCH | VP RETAIL OPERATIONS Highest-paid employee | 45 | $181,759 | $12,798 |
| DREW DROEGEMEIER | CLO Officer | 45 | $172,725 | $20,327 |
| RICHARD GILSTRAP | CHAIRMAN Trustee or director | 3.75 | $0 | $0 |
| DEAN LANG | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| STANLEY LONGHOFER | TREASURER Trustee or director | 3 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY KAY GLASNER | SECRETARY Trustee or director | 1 | $0 |
| KEVIN KIENZIE | DIRECTOR Trustee or director | 1 | $0 |
| MARY SINGLETON | DIRECTOR Trustee or director | 1.5 | $0 |
| WARREN BRIGGEMAN | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN MCGUIRE | DIRECTOR Trustee or director | 2 | $0 |
| CLINTON KOKER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANK SHOFFNER | CEO Officer | 45 | $865,889 | $186,957 |
| EILEEN PHELPS | COO (TERMINATED) Officer | 45 | $545,185 | $33,706 |
| DAVID GERMANN | CLO Officer | 45 | $313,248 | $97,653 |
| LEA ANN GABBERT | CAO Officer | 45 | $285,611 | $112,920 |
| SAM GROVE | CFO Officer | 45 | $234,927 | $73,915 |
| JON DOUGLAS | CIO Officer | 45 | $197,316 | $17,241 |
| JIM JACOBS | SVP RISK & ACCOUNTING Highest-paid employee | 45 | $180,261 | $12,209 |
| HEATHER BAKER | REAL ESTATE LOAN OFFICER Highest-paid employee | 45 | $157,060 | $32,084 |
| KYM MONEY | VP MARKETING Highest-paid employee | 45 | $163,205 | $24,955 |
| GINA EVANS | VP HUMAN RESOURCES Highest-paid employee | 45 | $162,262 | $22,868 |
| NICOLE EL-CHAMI | COO Officer | 45 | $152,961 | $20,852 |
| ROY MANSCH | VP RETAIL OPERATIONS Highest-paid employee | 45 | $160,438 | $11,427 |
| GOPI MENON | CIO (TERMINATED) Officer | 45 | $169,807 | -$22,332 |
| RICHARD GILSTRAP | CHAIRMAN Trustee or director | 3.75 | $0 | $0 |
| DEAN LANG | VICE CHAIRMAN Trustee or director | 2 | $0 | $0 |
| STANLEY LONGHOFER | TREASURER Trustee or director | 3 | $0 | $0 |
| MARY KAY GLASNER | SECRETARY Trustee or director | 1 | $0 | $0 |
| KEVIN KIENZIE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY SINGLETON | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| WARREN BRIGGEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MCGUIRE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CLINTON KOKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 711 W DOUGLAS AVE, WICHITA, KS 67213-4703
- Principal officer (990 for 2024)
- FRANK SHOFFNER, PO BOX 47528, WICHITA, KS 67201
- Signed the 990
- SAM GROVE, CFO
- Phone
- (316) 265-3272
- Website
- WWW.CUOFAMERICA.COM
- Return prepared by
- J TENBRINK & ASSOCIATES
Mission
PROVIDE LENDING, SAVINGS, AND FINANCIAL SERVICES FOR MUTUAL PURPOSE, INCLUDING CONSUMER LOANS, REAL ESTATE LOANS, CREDIT CARDS, SAVINGS AND CERTIFICATE ACCOUNTS, INVESTMENT OPTIONS, AND MULTIPLE METHODS FOR MEMBER ACCESS TO THEIR FINANCIAL SERVICES AND RESOURCES.
Program accomplishments
- PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 100,177 MEMBERS.
- PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2024, LOANS OUTSTANDING TOTALED $1,364,139,153, INCLUDING LOAN PARTICIPATIONS.
- PAID DIVIDENDS ON MEMBER DEPOSITS TOTALING $32,365,264 FOR THE YEAR.
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
- 48-0477295
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1935
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,640,677,742
- Income (IRS master file)
- $112,083,414
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $112,083,414 | $99,705,800 | $1,640,677,742 | XML |
| 990 | December 2023 | $93,587,830 | $80,784,436 | $1,514,756,460 | XML |
| 990 | December 2022 | $79,212,400 | $58,892,751 | $1,405,805,782 | 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 48-0477295).
Questions about CREDIT UNION OF AMERICA
- What is the EIN of CREDIT UNION OF AMERICA?
- The employer identification number (EIN) of CREDIT UNION OF AMERICA is 48-0477295.
- Is CREDIT UNION OF AMERICA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1935.
- Are donations to CREDIT UNION OF AMERICA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNION OF AMERICA 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 CREDIT UNION OF AMERICA 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 CREDIT UNION OF AMERICA 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 CREDIT UNION OF AMERICA?
- The 990 for the year ended December 31, 2024 names FRANK SHOFFNER.
- Who are the officers and directors of CREDIT UNION OF AMERICA?
- The 990 for the year ended December 31, 2024 lists 21 people; 12 received compensation from the organization, the highest $1,085,409 (FRANK SHOFFNER, CEO).
- How much revenue does CREDIT UNION OF AMERICA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $112,083,414, expenses of $99,705,800 and total assets of $1,640,677,742 at year end.
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