Joliet Fire Fighters Credit Union
- Assets
- $8.7m
- Revenue
- $220.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Joliet, IL
- Founding
- 05/1958
- Data as of
- 12/2022
- EIN
- 36-6088968
Organization Overview
Joliet Fire Fighters Credit Union is located in Joliet, IL. The organization was established in 1958. According to its NTEE Classification (M24) the organization is classified as: Fire Prevention, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joliet Fire Fighters 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 12/2022, Joliet Fire Fighters Credit Union generated $220.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $204.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE SAVINGS FOR MEMBERS CREATE SOURCE OF CREDIT AT REASONABLE INTEREST RATES, PROVIDE OPPORTUNITY FOR MEMBERS TO IMPROVE ECONOMIC CONDITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION PAYS DIVIDENDS TO ITS MEMBERS ON EARNINGS FROM LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Bessettie Secretary | Officer | 4 | $0 |
F Offerman Board | Officer | 1 | $0 |
R Leggero Chairperson | Officer | 1 | $0 |
R Fox Board | Officer | 1 | $0 |
E Mattson Credit Com | Officer | 2 | $0 |
R Doyle Credit Com | Officer | 2 | $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 | $167,380 |
| Investment income | $52,932 |
| 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 | $220,312 |
| 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 | $51,502 |
| Compensation of current officers, directors, key employees. | $73,032 |
| Compensation of current officers, directors, key employees. | $73,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $17,916 |
| Information technology | $23,748 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,988 |
| Insurance | $5,413 |
| All other expenses | $0 |
| Total functional expenses | $204,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,258 |
| Savings and temporary cash investments | $3,171,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,934,400 |
| Loans from Officers, Directors, or Controlling Persons | $47,975 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,561 |
| Net Land, buildings, and equipment | $6,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,175 |
| Total assets | $8,737,760 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,996,682 |
| Total liabilities | $7,996,682 |
| 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 | $741,078 |
| Total liabilities and net assets/fund balances | $8,737,760 |