Indiana Credit Union League
- Assets
- $11.3m
- Revenue
- $3.1m
- Investments
- $1.4m
- Employees
- 12
- Location
- Indianapolis, IN
- Founding
- 09/1944
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Indiana Credit Union League generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. 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
2023
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 SERVICES OPERATIONS, MANAGEMENT, AND OTHER TOPICS AIMED AT IMPROVING MEMBER CREDIT UNION SERVICES AND MANAGEMENT.
PROMOTIONAL AND SUPPORT PROGRAMS - PROVIDE PUBLICITY AND PROMOTIONAL SUPPORT FOR APPROXIMATELY 120 MEMBER CREDIT UNIONS AND CONDUCT PROGRAMS ON GOVERNMENTAL AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Secretary (beg 10/27/23) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Treasurer (beg 10/27/23) | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman (beg 10/27/23) | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman (beg 10/27/23) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,997,278 |
| 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 | $1,997,278 |
| Total Program Service Revenue | $789,888 |
| Investment income | $337,570 |
| 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 | $3,124,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,361 |
| 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. | $946,147 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $879,262 |
| Pension plan accruals and contributions | $82,562 |
| Other employee benefits | $75,598 |
| Payroll taxes | $99,063 |
| Fees for services: Management | $60,693 |
| Fees for services: Legal | $1,550 |
| Fees for services: Accounting | $22,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,753 |
| Advertising and promotion | $90,321 |
| Office expenses | $59,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,752 |
| Travel | $101,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $297,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,496 |
| All other expenses | $0 |
| Total functional expenses | $3,220,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,024 |
| Savings and temporary cash investments | $7,698,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,385 |
| Loans from Officers, Directors, or Controlling Persons | $1,718,543 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $100,580 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,426,633 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $324,716 |
| Total assets | $11,299,253 |
| Accounts payable and accrued expenses | $515,010 |
| Grants payable | $0 |
| Deferred revenue | $655,678 |
| 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 | $123,087 |
| Total liabilities | $1,293,775 |
| Net assets without donor restrictions | $10,005,478 |
| 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 | $11,299,253 |