Heights Auto Workers Credit Union
- Assets
- $29.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Burnham, IL
- Founding
- Data as of
- 12/2023
- EIN
- 36-2419943
Organization Overview
Heights Auto Workers Credit Union is located in Burnham, IL. As of 12/2023, Heights Auto Workers Credit Union employed 9 individuals. Heights Auto Workers 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 12/2023, Heights Auto Workers Credit Union generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. 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 FINANCIAL SERVICES TO MEMBERS THAT ARE RATE COMPETETIVE AND CONVENIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT UNION MAKES AND SERVICES CONSUMER LOANS TO MEMBERS. THE NUMBER OF LOANS OUTSTANDING AT 12/31/23 WAS 529 FOR A TOTAL OF $9,575,212.
CREDIT UNION PAYS DIVIDENDS TO ITS MEMBERS ON SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. TOTAL NUMBER OF SHARE ACCOUNTS AT 12/31/23 WAS 21,144 IN THE AMOUNT OF $23,137,778.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrie L Dust Chairman | OfficerTrustee | 2 | $32,750 |
Jc Hefner Treaurer | OfficerTrustee | 10 | $0 |
Merrill Clark Secretary | OfficerTrustee | 20 | $0 |
Michael Scalzitti Member | Trustee | 1 | $0 |
Michael Marzillo Member | Trustee | 2 | $0 |
John Montella Member | Trustee | 1 | $0 |
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 | $1,327,874 |
| Investment income | $448,776 |
| 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 | $1,776,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $94,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,314 |
| Pension plan accruals and contributions | $20,674 |
| Other employee benefits | $14,088 |
| Payroll taxes | $24,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,027 |
| Advertising and promotion | $3,102 |
| Office expenses | $163,393 |
| Information technology | $177,649 |
| Royalties | $0 |
| Occupancy | $104,424 |
| Travel | $1,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,011 |
| Insurance | $27,277 |
| All other expenses | $13,307 |
| Total functional expenses | $1,712,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,046 |
| Savings and temporary cash investments | $1,290,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,503,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $148,465 |
| Net Land, buildings, and equipment | $240,550 |
| Investments—publicly traded securities | $16,968,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,615 |
| Total assets | $29,253,176 |
| Accounts payable and accrued expenses | $32,864 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $23,137,778 |
| Total liabilities | $23,170,642 |
| Net assets without donor restrictions | $0 |
| 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 | $6,082,534 |
| Total liabilities and net assets/fund balances | $29,253,176 |