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Nonprofit · EIN 36-0760135

CORPORATE AMERICA FAMILY CREDIT

Tax-exempt · ELGIN, IL 60123

Financials

$46.5M$45.2M2023$56.8M$50.6M2024
Revenue Expenses · by fiscal year end
Financials of CORPORATE AMERICA FAMILY CREDIT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$56,839,967$50,577,749$6,262,218$825,234,057$721,642,284$103,591,773
December 31, 2023990$46,515,457$45,235,605$1,279,852$859,903,914$765,225,143$94,678,771
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$42,126,789
Investment income
$14,710,142
Net gain from sales of assets
$8,994,151
Other revenue
$3,036

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,390,482
Other salaries and wages
$13,522,307
Salaries, compensation and benefits (total)
$20,574,857
Professional fundraising fees
$0
Legal fees
$53,866
Accounting fees
$102,640
Occupancy
$1,521,129
Travel
$122,986
Depreciation
$588,369

Balance sheet and other

Total assets, start of year
$859,903,914
Total assets, end of year
$825,234,057
Total liabilities, end of year
$721,642,284
Net assets, end of year
$103,591,773
Land, buildings and equipment
$4,246,621
Publicly traded securities
$12,116,463
Gross receipts
$106,293,960
Employees
261
Volunteers
9
Year formed
1939
State of legal domicile
IL

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.

NameTitleHours / weekCompensationOther / benefits
DAN KADOLPHSVP & CHIEF FINANCIAL OFFICER
Officer
40$276,026$51,942
ANDREW BOWENSVP & CHIEF INFORMATION OFFICER
Key employee
40$221,011$60,675
PETER PAULSONFORMER PRESIDENT & CEO
Trustee or director, Officer
40$268,680$8,965
MATTHEW HELMSSVP - OPERATIONS
Key employee
40$194,941$47,365
STEVEN OLSONFORMER VP - COMMERCIAL SERVICES
Highest-paid employee
40$169,744$51,392
JOSEPH SHULTZVP - COMMERCIAL LENDING
Highest-paid employee
40$162,121$34,090
FAITH MYERSFORMER VP - LENDING
Highest-paid employee
40$171,110$24,606
LAURA KIRILUKVP - BRANCH OPERATIONS
Highest-paid employee
40$153,145$33,904
AMY SHEADFIRST VP - PAYMENTS
Highest-paid employee
40$144,860$32,846
STEFANIE RUPERTPRESIDENT & CEO
Officer
40$118,729$12,533
JOHN BLOZISTREASURER
Trustee or director, Officer
1$0$0
GLENN BROWNVICE CHAIR
Trustee or director, Officer
1$0$0
JEFF GOTTDIRECTOR
Trustee or director
1$0$0
TIFFANY JORDANDIRECTOR
Trustee or director
1$0$0
COSTANZO MASTRANZIDIRECTOR
Trustee or director
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
KENNETH NAATZSECRETARY
Trustee or director, Officer
1$0
THOMAS RIECKCHAIR
Trustee or director, Officer
1$0
THOMAS SHEPPARDDIRECTOR
Trustee or director
1$0
PAT TOLLEFSONDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
PETER PAULSONPRESIDENT/CEO
Trustee or director, Officer
40$1,258,969$91,017
ELLEN MEEHANFORMER SVP - LENDING
Key employee
40$224,734$47,923
ANDREW BOWENSVP & CHIEF INFORMATION OFFICER
Key employee
40$198,637$56,620
DAN KADOLPHSVP & CHIEF FINANCIAL OFFICER
Officer
40$234,538$7,053
CAROL HOEMFORMER SVP - MEMBERSHIP DEVELOPMENT
Key employee
40$191,237$43,650
MATTHEW HELMSSVP - OPERATIONS
Key employee
40$174,855$43,407
JOSEPH SHULTZVP - COMMERCIAL LENDING
Highest-paid employee
40$157,354$32,716
STEVEN OLSONVP - COMMERCIAL SERVICES
Highest-paid employee
40$162,427$26,271
LAURA KIRILUKVP - BRANCH OPERATIONS
Highest-paid employee
40$148,350$31,777
FAITH MYERSVP - LENDING
Highest-paid employee
40$156,114$22,526
KATHLEEN CROUSEAVP - INFORMATION TECHNOLOGY
Highest-paid employee
40$124,459$23,249
JOHN BLOZISTREASURER
Trustee or director, Officer
1$0$0
GLENN BROWNVICE CHAIR
Trustee or director, Officer
1$0$0
JEFF GOTTDIRECTOR
Trustee or director
1$0$0
TIFFANY JORDANDIRECTOR
Trustee or director
1$0$0
COSTANZO MASTRANZIFORMER CHAIR
Trustee or director, Officer
1$0$0
KENNETH NAATZSECRETARY
Trustee or director, Officer
1$0$0
THOMAS RIECKCHAIR
Trustee or director, Officer
1$0$0
THOMAS SHEPPARDDIRECTOR
Trustee or director
1$0$0
PAT TOLLEFSONDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2075 BIG TIMBER RD, ELGIN, IL 60123-1140
Principal officer (990 for 2024)
STEFANIE RUPERT, 2075 BIG TIMBER ROAD, ELGIN, IL 60123
Signed the 990
DAN KADOLPH, CHIEF FINANCIAL OFFICER
Phone
(800) 359-1939
Return prepared by
RSM US LLP

Mission

CORPORATE AMERICA FAMILY CREDIT UNION IS A NOT-FOR-PROFIT, MEMBER-OWNED AND DIRECTED FINANCIAL COOPERATIVE DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • RECEIVED DEPOSITS FROM 65,898 MEMBERS: CORPORATE AMERICA FAMILY CREDIT UNION (THE CREDIT UNION) PROVIDES SAVINGS PRODUCTS TO MEMBERS AT VERY COMPETITIVE RATES INCLUDING REGULAR SHARES, MONEY MARKETS, CERTIFICATES OF DEPOSIT AND IRA PRODUCTS. THE CREDIT UNION ALSO PROVIDES A VARIETY OF CHECKING ACCOUNTS INCLUDING A TRADITIONAL CHECKING ACCOUNT THAT IS FREE TO OUR MEMBERS.
  • PROVIDED CONSUMER LOANS TO 3,420 MEMBERS: THE TYPES OF CONSUMER LOANS PROVIDED TO THE MEMBERSHIP INCLUDE AUTO LOANS, PERSONAL LOANS AND CREDIT CARDS. CONSUMER LOANS ARE OFFERED AT COMPETITIVE RATES.
  • PROVIDED FIRST MORTGAGE AND HOME EQUITY LOANS TO 253 MEMBERS: THE TYPES OF FIRST MORTGAGE LOANS OFFERED ARE FIXED RATE AND VARIABLE RATE LOANS. THE HOME EQUITY LOANS ARE ALSO EITHER FIXED RATE OR VARIABLE LINES OF CREDIT.

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-0760135
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1944
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$825,234,057
Income (IRS master file)
$106,293,960

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$56,839,967$50,577,749$825,234,057XML
990December 2023$46,515,457$45,235,605$859,903,914XML
990December 2022$39,765,164$36,623,686$839,530,698IRS
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 36-0760135).

Questions about CORPORATE AMERICA FAMILY CREDIT

What is the EIN of CORPORATE AMERICA FAMILY CREDIT?
The employer identification number (EIN) of CORPORATE AMERICA FAMILY CREDIT is 36-0760135.
Is CORPORATE AMERICA FAMILY CREDIT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
Are donations to CORPORATE AMERICA FAMILY CREDIT tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CORPORATE AMERICA FAMILY CREDIT 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 CORPORATE AMERICA FAMILY CREDIT 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 CORPORATE AMERICA FAMILY CREDIT 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 CORPORATE AMERICA FAMILY CREDIT?
The 990 for the year ended December 31, 2024 names STEFANIE RUPERT.
Who are the officers and directors of CORPORATE AMERICA FAMILY CREDIT?
The 990 for the year ended December 31, 2024 lists 19 people; 10 received compensation from the organization, the highest $276,026 (DAN KADOLPH, SVP & CHIEF FINANCIAL OFFICER).
How much revenue does CORPORATE AMERICA FAMILY CREDIT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $56,839,967, expenses of $50,577,749 and total assets of $825,234,057 at year end.

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