United Credit Union

Organization Overview

United Credit Union is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, United Credit Union employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, United Credit Union generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $8.4m during the year ending 12/2019. While expenses have increased by 6.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE SAVINGS AND PROVIDE CREDIT AT A REASONABLE INTEREST RATE, FOR THE BENEFIT OF MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OFFERED FINANCIAL SERVICES (LOANS AND DEPOSIT PRODUCTS) TO OVER 19,000 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Mario Aguirre
President/ceo
$144,379
John Lenz
Chief Financial Officer
$90,746
Elvan Jones
Treasurer Of Board
$7,500
Betty Hull
Secretary Of Board
$2,100
Carolyn Johnson
Director
$0
Frank Johnson
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv
Computer System Provider
$458,822
Bourdeau Griffin Interiors
Contruction Consulting And Supplie
$305,527
Health Care Service Corporation
Employee Health Insurance
$277,930
Cucinello & Associates Fscu
Computer Equipment & Maintenance
$294,178
Microdynamics Corp
Member Statement Processing & Mailing
$100,061
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$6,104,547
Investment income $2,720,463
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 $8,825,010

Peer Organizations

Organization NameAssets
Numark Credit Union
Joliet, IL
$22,576,443
Heritage Credit Union
Madison, WI
$19,287,608
Healthcare Associates Credit Union
Naperville, IL
$17,985,820
Siu Credit Union
Carbondale, IL
$19,509,001
Land Of Lincoln Credit Union
Decatur, IL
$18,023,217
Streator Onized Credit Union
Streator, IL
$18,274,634
First Northern Credit Union
Chicago, IL
$15,864,341
Abri Credit Union
Romeoville, IL
$15,728,049
Financial Plus Credit Union
Ottawa, IL
$17,277,341
Via Credit Union
Marion, IN
$16,839,844
Kane County Teachers Credit Union
Elgin, IL
$15,600,939
Earthmover Credit Union
Aurora, IL
$17,144,896

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