Nonprofit · EIN 23-0338105
LEHIGH VALLEY EDUCATORS CREDIT UNION
Tax-exempt · ALLENTOWN, PA 18103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,987,821 | $15,962,660 | $3,025,161 | $437,645,185 | $385,983,071 | $51,662,114 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,963,890
- Investment income
- $9,975,125
- Net gain from sales of assets
- $29,741
- Other revenue
- $48,806
Expenses
- Grants and similar amounts paid
- $90,000
- Compensation of officers, directors and key employees
- $801,597
- Other salaries and wages
- $1,417,597
- Salaries, compensation and benefits (total)
- $2,659,402
- Professional fundraising fees
- $0
- Legal fees
- $44,672
- Accounting fees
- $2,548
- Occupancy
- $416,979
- Travel
- $2,292
- Depreciation
- $252,742
Balance sheet and other
- Total assets, start of year
- $412,042,275
- Total assets, end of year
- $437,645,185
- Total liabilities, end of year
- $385,983,071
- Net assets, end of year
- $51,662,114
- Land, buildings and equipment
- $4,302,198
- Publicly traded securities
- $255,482,366
- Gross unrelated business income
- $1,866
- Gross receipts
- $27,637,080
- Employees
- 31
- Volunteers
- 10
- Year formed
- 1934
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSEMARIE E KRANTZ | CEO Officer | 40 | $207,377 | $175,584 |
| MARIE A RHODA | CLO Officer | 40 | $135,866 | $79,432 |
| ANN HOFF | CFO Officer | 40 | $113,468 | $62,635 |
| WILLIAM AYERS | BOARD CHAIRPERSON Trustee or director | 1 | $2,000 | $0 |
| GARY FEDORCHA | BOARD VICE CHAIR Trustee or director | 1 | $1,500 | $0 |
| EUGENIA EMERT | SECRETARY/TREASURER Trustee or director | 1 | $1,500 | $0 |
| DANIEL JOSEPH | DIRECTOR Trustee or director | 1 | $750 | $0 |
| SHERRI MOLITORIS | DIRECTOR Trustee or director | 1 | $750 | $0 |
| DENNIS NEMES - ENDING 9152024 | DIRECTOR Trustee or director | 1 | $750 | $0 |
| RYAN VAN NORMAN | DIRECTOR Trustee or director | 1 | $750 | $0 |
| GARY PHILLIPS | DIRECTOR Trustee or director | 1 | $750 | $0 |
| DANIEL WEAVER - ENDING 12312024 | DIRECTOR Trustee or director | 1 | $750 | $0 |
| JILLIAN EMERT | MEMBERSHIP OFFICER Trustee or director | 1 | $500 | $0 |
| BARBARA NEMES - BEGINNING 11252024 | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3720 HAMILTON BLVD, ALLENTOWN, PA 18103-4503
- Principal officer (990 for 2024)
- ROSEMARIE KRANTZ, 3720 HAMILTON BLVD, ALLENTOWN, PA 18103
- Signed the 990
- ROSEMARIE KRANTZ, CEO
- Phone
- (610) 820-0145
- Return prepared by
- RKL LLP
Mission
MAINTAIN FINANCIAL SOUNDNESS WHILE EMPOWERING MEMBERS TO WORK TOWARD FINANCIAL SUCCESS.
Program accomplishments
- PROVIDE MORE THAN 8,300 LOANS TO OVER 15,000 MEMBERS.
- PROVIDE FINANCIAL SERVICES TO OVER 15,000 MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-0338105
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0885: CREDIT UNIONS CHARTERED IN THE STATE OF PENNSYLVANIA
- Assets (IRS master file)
- $437,645,185
- Income (IRS master file)
- $27,637,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $12,311,883 | $11,587,552 | $412,042,275 | IRS |
| 990 | December 2022 | $11,017,714 | $7,914,560 | $400,823,762 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LEHIGH VALLEY EDUCATORS CREDIT UNION
- What is the EIN of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The employer identification number (EIN) of LEHIGH VALLEY EDUCATORS CREDIT UNION is 23-0338105.
- Is LEHIGH VALLEY EDUCATORS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to LEHIGH VALLEY EDUCATORS CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEHIGH VALLEY EDUCATORS CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEHIGH VALLEY EDUCATORS CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEHIGH VALLEY EDUCATORS CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ROSEMARIE KRANTZ.
- Who are the officers and directors of LEHIGH VALLEY EDUCATORS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 14 people; 13 received compensation from the organization, the highest $207,377 (ROSEMARIE E KRANTZ, CEO).
- How much revenue does LEHIGH VALLEY EDUCATORS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,987,821, expenses of $15,962,660 and total assets of $437,645,185 at year end.
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