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Nonprofit · EIN 35-6032041

DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND

Also known as MEMBERS ADVANTAGE CREDIT UNION

Tax-exempt · MICHIGAN CITY, IN 46360

Financials

$5.7M$5.1M2023$6M$5.9M2024$6.6M$6.2M2025
Revenue Expenses · by fiscal year end
Financials of DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,589,287$6,192,287$397,000$130,726,566$119,558,940$11,167,626
December 31, 2024990$6,037,069$5,861,609$175,460$123,198,834$113,811,117$9,387,717
December 31, 2023990$5,655,321$5,111,935$543,386$121,447,849$113,342,488$8,105,361
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,541,727
Investment income
$2,046,625
Other revenue
$935

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,256,791
Salaries, compensation and benefits (total)
$1,667,646
Professional fundraising fees
$0
Legal fees
$4,260
Accounting fees
$59,755
Occupancy
$242,450
Travel
$13,124
Depreciation
$210,366
Program services (functional)
$6,192,287

Balance sheet and other

Total assets, start of year
$123,198,834
Total assets, end of year
$130,726,566
Total liabilities, end of year
$119,558,940
Net assets, end of year
$11,167,626
Land, buildings and equipment
$2,952,104
Publicly traded securities
$30,562,497
Gross receipts
$6,589,287
Employees
0
Volunteers
0
Year formed
1962
State of legal domicile
IN

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
FRANK BEACHNAUPRESIDENT/CEO
Officer
1$145,057$36,353
ROBERT HAVENSVICE PRESIDENT
Trustee or director, Officer
1$140,714$39,164
MICHAEL PALMERCHAIRMAN
Trustee or director, Officer
1$0$0
JACK VAN ETTENVICE CHAIRMAN
Trustee or director, Officer
1$0$0
GEORGE KAZMIERCZAKTREASURER
Trustee or director, Officer
1$0$0
BEN NEITZELDIRECTOR
Trustee or director
1$0$0
FRAN BRENNANDIRECTOR
Trustee or director
0$0$0
DENNIS FISCHERDIRECTOR
Trustee or director
0$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
FRANK BEACHNAUPRESIDENT/CEO
Officer
1$142,171$34,184
ROBERT HAVENSVICE PRESIDENT
Trustee or director, Officer
1$135,534$36,595
MICHAEL PALMERCHAIRMAN
Trustee or director, Officer
1$0$0
JACK VAN ETTENVICE CHAIRMAN
Trustee or director, Officer
1$0$0
GEORGE KAZMIERCZAKTREASURER
Trustee or director, Officer
1$0$0
BEN NEITZELDIRECTOR
Trustee or director
1$0$0
FRAN BRENNANDIRECTOR
Trustee or director
0$0$0
DENNIS FISCHERDIRECTOR
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
FRANK BEACHNAUPRESIDENT/CEO
Officer
40$122,154$29,746
ROBERT HAVENSDIRECTOR/VICE PRES/CFO
Trustee or director, Officer
40$115,625$29,788
GEORGE KAZMIERCZAKTREASURER
Trustee or director
1$0$0
BEN NEITZELDIRECTOR
Trustee or director
1$0$0
MICHAEL PALMERCHAIRMAN
Trustee or director
1$0$0
JACK VAN ETTENVICE CHAIRMAN
Trustee or director
1$0$0
FRAN BRENNANDIRECTOR
Trustee or director
1$0$0
DENNIS FISCHERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3064 OHIO ST, MICHIGAN CITY, IN 46360-6866
Principal officer (990 for 2025)
ROBERT HAVENS, 3064 SOUTH OHIO STREET, MICHIGAN CITY, IN 46360
Signed the 990
ROBERT HAVENS, EXECUTIVE VICE PRESIDENT
Phone
(219) 874-6943
Return prepared by
WHITINGER & COMPANY LLC

Mission

STATE CHARTERED CREDIT UNION TO PROVIDE LOAN AND DEPOSIT SERVICES TO MEMBERS

990 for the year ended December 31, 2025

Program accomplishments

  • LOAN AND SHARE PRODUCTS TO CREDIT UNION MEMBERS
    Expenses $6,192,287

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-6032041
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$130,726,566
Income (IRS master file)
$6,589,287

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$6,589,287$6,192,287$130,726,566XML
990December 2024$6,037,069$5,861,609$123,198,834IRS
990December 2023$5,655,321$5,111,935$121,447,849XML
990December 2022$5,006,380$4,675,619$126,862,726IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 35-6032041).

Questions about DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND

What is the EIN of DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND?
The employer identification number (EIN) of DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND is 35-6032041.
Is DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND 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 DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND?
The 990 for the year ended December 31, 2025 names ROBERT HAVENS.
Who are the officers and directors of DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND?
The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $145,057 (FRANK BEACHNAU, PRESIDENT/CEO).
How much revenue does DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,589,287, expenses of $6,192,287 and total assets of $130,726,566 at year end.

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