Community Trust Credit Union

Organization Overview

Community Trust Credit Union is located in Gurnee, IL. The organization was established in 1960. 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 12/2021, Community Trust Credit Union employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Trust 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 12/2021, Community Trust Credit Union generated $7.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS, AND OTHER FINANCIAL INSTITUTION SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED CONSUMER LOANS TO 7,083 MEMBERS.


PROVIDED HOME BANKING SERVICES TO 10,196 MEMBERS.


RECEIVED DEPOSITS ON SAVINGS FROM 14,080 MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Carol Analla
CEO
$222,355
Mike Mallow
Former CEO
$198,557
Catherine Hill
Compliance Officer
$126,629
Jose Nunez
It Director
$110,988
Betina Golwitzer
Hr Director
$102,466
Josh Vissering
CFO
$79,615

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$6,967,439
Investment income $951,855
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 $7,919,294

Peer Organizations

Organization NameAssets
University Of Illinois Community Credit Union
Champaign, IL
$22,792,231
Land Of Lincoln Credit Union
Decatur, IL
$20,389,555
Heritage Credit Union
Deforest, WI
$20,193,229
Siu Credit Union
Carbondale, IL
$19,509,001
Healthcare Associates Credit Union
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$19,024,406
Financial Plus Credit Union
Ottawa, IL
$18,435,940
Streator Onized Credit Union
Streator, IL
$20,466,912
Arsenal Credit Union
Arnold, MO
$18,878,245
Kane County Teachers Credit Union
Elgin, IL
$16,257,755
Via Credit Union
Marion, IN
$18,473,040
First Northern Credit Union
Chicago, IL
$14,919,062
Abri Credit Union
Romeoville, IL
$14,619,681

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