Landmark Credit Union
- Assets
- $117.9m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 44
- Location
- Danville, IL
- Founding
- 01/1944
- Data as of
- 12/2022
- EIN
- 37-0564965
Organization Overview
Landmark Credit Union is located in Danville, IL. The organization was established in 1944. 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 12/2022, Landmark Credit Union employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landmark 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, Landmark Credit Union generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVED AND PROCESSED SAVINGS DEPOSITS FOR NEW MEMBERS, PROCESS NEW LOANS FOR MEMBERS AND PROVIDE FINANCIAL SERVICES TO OVER 10,000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Harper President | OfficerTrustee | 40 | $140,181 |
Stephen Ford Vp/cfo | Officer | 40 | $119,930 |
Anna Melecosky Evp/coo | Officer | 40 | $103,633 |
Jeri Wilson Vp/clo | Officer | 40 | $86,031 |
Carl Robertson Chair | OfficerTrustee | 2 | $0 |
Amber Byram Vice Chair | OfficerTrustee | 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 | $3,367,060 |
| Investment income | $1,050,824 |
| 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 | $4,417,884 |
| 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. | $484,150 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,715 |
| Pension plan accruals and contributions | $220,486 |
| Other employee benefits | $89,398 |
| Payroll taxes | $97,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,763 |
| Advertising and promotion | $50,619 |
| Office expenses | $287,379 |
| Information technology | $137,170 |
| Royalties | $0 |
| Occupancy | $308,491 |
| Travel | $29,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,568 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,020,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,637,839 |
| Savings and temporary cash investments | $4,903,130 |
| 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 | $38,536,804 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $460,676 |
| Net Land, buildings, and equipment | $2,578,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $67,208,638 |
| Intangible assets | $0 |
| Other assets | $1,538,487 |
| Total assets | $117,863,937 |
| Accounts payable and accrued expenses | $1,585,458 |
| 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 | $105,452,381 |
| Total liabilities | $107,037,839 |
| 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 | $10,826,098 |
| Total liabilities and net assets/fund balances | $117,863,937 |
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|---|---|---|
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Heritage Credit Union Deforest, WI | $461,320,772 | $20,193,229 |
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Healthcare Associates Credit Union Naperville, IL | $470,519,753 | $19,024,406 |
Financial Plus Credit Union Ottawa, IL | $450,128,379 | $18,435,940 |
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Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |
Kane County Teachers Credit Union Elgin, IL | $376,184,077 | $16,257,755 |
Via Credit Union Marion, IN | $517,398,165 | $18,473,040 |
First Northern Credit Union Chicago, IL | $376,782,772 | $14,919,062 |
Abri Credit Union Romeoville, IL | $405,514,463 | $14,619,681 |