Indiana Credit Union League
- Assets
- $12.1m
- Revenue
- $3.4m
- Investments
- $1.4m
- Employees
- 12
- Location
- Indianapolis, IN
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 35-0408785
Organization Overview
Indiana Credit Union League is located in Indianapolis, IN. The organization was established in 1944. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Indiana Credit Union League employed 12 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Indiana Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indiana Credit Union League generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES TO MEMBER CREDIT UNIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION TRAINING - PROVIDE EDUCATIONAL SEMINARS AND CONFERENCES ON FINANCIAL PLANNING, MANAGEMENT, AND OTHER TOPICS AIMED AT IMPROVING MEMBER CREDIT UNION SERVICES AND MANAGEMENT.
PROMOTIONAL AND SUPPORT PROGRAMS - PROVIDE PUBLICITY AND PROMOTIONAL SUPPORT FOR APPROXIMATELY 130 MEMBER CREDIT UNIONS AND CONDUCT PROGRAMS ON GOVERNMENTAL AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mckenzie President/ceo | Officer | 50 | $896,257 |
Chris Beaumont Evp League Services & Advocacy | Officer | 50 | $194,605 |
Dave Hawkins VP League & Reg. Analysis | 50 | $135,313 | |
Tim Pierce Avp Consulting & Education | 50 | $114,688 | |
Kay Neidlinger Vp-Communicaitons | 50 | $105,242 | |
Cari Palmer Board Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,662,672 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,662,672 |
| Total Program Service Revenue | $653,246 |
| Investment income | $1,068,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,384,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,768 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,172,507 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,285 |
| Pension plan accruals and contributions | $70,421 |
| Other employee benefits | $69,341 |
| Payroll taxes | $92,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,528 |
| Fees for services: Accounting | $17,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,520 |
| Advertising and promotion | $43,436 |
| Office expenses | $59,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,371 |
| Travel | $65,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,098 |
| All other expenses | $0 |
| Total functional expenses | $2,965,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,037 |
| Savings and temporary cash investments | $8,549,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,612 |
| Loans from Officers, Directors, or Controlling Persons | $1,655,053 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,380,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $407,867 |
| Total assets | $12,146,566 |
| Accounts payable and accrued expenses | $374,820 |
| Grants payable | $0 |
| Deferred revenue | $650,777 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,025,597 |
| Net assets without donor restrictions | $11,120,969 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,146,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
Sauget Sanitary Development & Research Association Sauget, IL | $2,077,489 | $11,379,905 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Indiana Statewide Association Of Rural Electrics Cooperatives Inc Indianapolis, IN | $6,936,351 | $8,918,869 |
Missouri One-Call Systems Inc Jefferson City, MO | $6,160,776 | $7,371,611 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Indiana Credit Union League Indianapolis, IN | $12,146,566 | $3,384,464 |
Amalgamated Social Benefits Association Chicago, IL | $4,079,204 | $2,494,451 |
Wisconsin Rural Water Association Inc Plover, WI | $3,269,363 | $2,411,727 |
Power Transmission Distributors Association Chicago, IL | $2,682,932 | $2,007,433 |
Industrial Areas Foundation Chicago, IL | $1,849,584 | $2,067,796 |
Brs Burlington Northern Santa Fe Bnsf General Committee Walker, MO | $1,461,875 | $1,004,555 |