Land Of Lincoln Credit Union

Organization Overview

Land Of Lincoln Credit Union is located in Decatur, IL. The organization was established in 1934. 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, Land Of Lincoln Credit Union employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Land Of Lincoln 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, Land Of Lincoln Credit Union generated $20.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $16.9m during the year ending 12/2021. While expenses have increased by 3.6% 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 PROVIDE EDUCATION AND SERVICES TO OUR MEMBERS SO THEY CAN ACHIEVE FINANCIAL SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED 6,660 CONSUMER LOANS TO MEMBERS


PROVIDED MORTGAGE LOANS TO 382 MEMBERS


PROVIDED SAVINGS VEHICLES AND OTHER FINANCIAL SERVICES TO 34,055 MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Robert Ares
President/ceo
$244,757
Ben Austin
Cio
$157,460
Beverly Davis
CFO
$155,430
Chris Smith
Cco
$124,639
Todd Hogan
Facilities/operations
$101,081
Mark Crawford
Board Member
$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$19,072,994
Investment income $1,295,838
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$35,764
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,389,555

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