Springfield Firefighters Credit Union
- Assets
- $3.8m
- Revenue
- $133.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 04/1941
- Data as of
- 12/2021
- EIN
- 37-0810754
Organization Overview
Springfield Firefighters Credit Union is located in Springfield, IL. The organization was established in 1941. 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. Springfield Firefighters 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, Springfield Firefighters Credit Union generated $133.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $133.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAKE LOANS TO OUR MEMBERS FROM THE MONEY THEY INVEST IN THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE MADE 87 LOANS TO OUR MEMBERS ALLOWING US TO PAY 3.3% ON THEIR SAVINGS. WE ARE A SMALL CREDIT UNION THAT ALLOWS ONLY ONE LOAN ACCOUNT AND ONE SAVINGS ACCOUNT PER MEMBER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Canny Treasurer | OfficerTrustee | 35 | $0 |
Cliff Linne Board Member | Trustee | 0.5 | $0 |
Martin Jeter Board Member | Trustee | 0.5 | $0 |
Tom Dodd Board Member | Trustee | 0.5 | $0 |
Michael Canny Board Member | Trustee | 0.5 | $0 |
Trevor Howard Board Member | Trustee | 0.5 | $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 | $108,384 |
| Investment income | $24,889 |
| 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 | $133,273 |
| 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 | $7,747 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| 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 | $8,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,984 |
| All other expenses | $0 |
| Total functional expenses | $133,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,807 |
| Savings and temporary cash investments | $1,674,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $82,693 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $749,832 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,249 |
| Total assets | $3,780,869 |
| 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 | $3,283,537 |
| Total liabilities | $3,283,537 |
| 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 | $497,332 |
| Total liabilities and net assets/fund balances | $3,780,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utica Township Volunteer Fire- Fighters Assn Utica, IN | $1,476,102 | $4,113,982 |
The Backstoppers Inc Saint Louis, MO | $58,482,364 | $10,650,014 |
Scott Township Volunteer Fire Dept Evansville, IN | $1,446,262 | $3,137,788 |
Honey Creek Township Volunteer Firefighters Inc Terre Haute, IN | $3,011,460 | $2,456,584 |
Sun Prairie Fire & Rescue Company Sun Prairie, WI | $322,315 | $2,382,259 |
Firefighters Credit Union Indianapolis, IN | $84,585,258 | $2,760,339 |
Washington Volunteer Fire Department And Rescue Squad Inc Washington, IL | $2,009,160 | $2,317,553 |
Chicago Fire-Fighters Credit Union Chicago, IL | $77,630,432 | $2,413,606 |
South Oldham Fire Department Inc Crestwood, KY | $4,727,663 | $2,106,102 |
National Association Of Fire Equipment Distributors Inc Chicago, IL | $2,496,644 | $1,753,895 |
Pinckneyville Ambulance Service Pinckneyville, IL | $2,128,254 | $1,765,041 |
Zionsville Volunteer Fire Department Incorporated Zionsville, IN | $0 | $301,236 |