Nonprofit · EIN 36-1120219
GAS & ELECTRIC CREDIT UNION
Tax-exempt · ROCK ISLAND, IL 61201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,078,116 | $6,304,157 | $773,959 | $128,029,378 | $116,212,683 | $11,816,695 |
| December 31, 2024 | 990 | $6,353,996 | $5,958,967 | $395,029 | $121,712,731 | $111,310,072 | $10,402,659 |
| December 31, 2023 | 990 | $5,624,668 | $4,979,359 | $645,309 | $116,458,923 | $107,562,803 | $8,896,120 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,756,713
- Investment income
- $1,321,403
- Net gain from sales of assets
- $29,639
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $582,636
- Other salaries and wages
- $875,744
- Salaries, compensation and benefits (total)
- $1,716,354
- Professional fundraising fees
- $0
- Legal fees
- $800
- Accounting fees
- $48,918
- Occupancy
- $135,235
- Depreciation
- $168,552
Balance sheet and other
- Total assets, start of year
- $121,712,731
- Total assets, end of year
- $128,029,378
- Total liabilities, end of year
- $116,212,683
- Net assets, end of year
- $11,816,695
- Land, buildings and equipment
- $1,880,393
- Publicly traded securities
- $21,073,571
- Gross receipts
- $7,702,235
- Employees
- 18
- Volunteers
- 11
- Year formed
- 1935
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Daryl E Empen | President and Treasurer Trustee or director, Officer, Key employee, Highest-paid employee | 45 | $210,735 | $153,708 |
| Brian Beverlin | Vice President Officer, Key employee | 45 | $135,701 | $79,492 |
| Carl Upmeyer | Director Trustee or director | 1 | $0 | $0 |
| Karen K Thode | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Joel Vastine | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Venessa Taylor | Director Trustee or director | 1 | $0 | $0 |
| Nicholas Border | Director Trustee or director | 1 | $0 | $0 |
| Darron Niles | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Chris Stein | Director Trustee or director | 1 | $0 | $0 |
| Diana Contreras | Director Trustee or director | 1 | $0 | $0 |
| Pam Galvin | Director Trustee or director | 0 | $0 | $0 |
| Jeff Condit | Director Trustee or director | 1 | $0 | $0 |
| Nick Thompson | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Daryl E Empen | President and Treasurer Trustee or director, Officer, Key employee, Highest-paid employee | 45 | $187,224 | $69,650 |
| Brian Beverlin | Vice President Officer, Key employee | 40 | $133,370 | $55,962 |
| Thomas A Pearson | Director Trustee or director | 1 | $0 | $0 |
| Karen K Thode | Director Trustee or director | 1 | $0 | $0 |
| Joel Vastine | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Joel Thompson | Director Trustee or director | 1 | $0 | $0 |
| Mike Smith | Director Trustee or director | 1 | $0 | $0 |
| Darron Niles | Vice Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| Corbyn Beck | Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| Diana Contreras | Director Trustee or director | 1 | $0 | $0 |
| Pam Galvin | Director Trustee or director | 1 | $0 | $0 |
| Jeff Condit | Director Trustee or director | 1 | $0 | $0 |
| Nick Thompson | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daryl E Empen | President and Treasurer Trustee or director, Officer, Key employee, Highest-paid employee | 45 | $178,684 |
| Brian Beverlin | Vice President Officer, Key employee | 40 | $126,446 |
| Thomas A Pearson | Director Trustee or director | 1 | $0 |
| Karen K Thode | Director Trustee or director | 1 | $0 |
| Joel Vastine | Secretary Trustee or director, Officer | 1 | $0 |
| Joel Thompson | Director Trustee or director | 1 | $0 |
| Mike Smith | Director Trustee or director | 1 | $0 |
| Darron Niles | Vice Chairperson Trustee or director, Officer | 2 | $0 |
| Corbyn Beck | Chairperson Trustee or director, Officer | 2 | $0 |
| Diana Contreras | Director Trustee or director | 1 | $0 |
| Pam Galvin | Director Trustee or director | 1 | $0 |
| Jeff Condit | Director Trustee or director | 1 | $0 |
| Nick Thompson | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 4TH AVE, ROCK ISLAND, IL 61201-8938
- Principal officer (990 for 2025)
- Daryl E Empen, 2300 4th Avenue, Rock Island, IL 61201
- Signed the 990
- Daryl Empen, President
- Phone
- (309) 793-3610
- Website
- www.gaselectriccu.com
Mission
To encourage thrift among our members to create a source of credit at a reasonable rate of interest and to provide the opportunity for our members to use and control their own money in order to improve their economic and social conditions
Program accomplishments
- We provided auto loans to 447 members to purchase a new or used vehicle0
- We provided checking accounts to 3889 members0
- We provided new mortgage loans or advances to 99 members0
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 | 990 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
- 36-1120219
- 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)
- $128,029,378
- Income (IRS master file)
- $7,702,235
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,078,116 | $6,304,157 | $128,029,378 | IRS |
| 990 | December 2024 | $6,353,996 | $5,958,967 | $121,712,731 | IRS |
| 990 | December 2023 | $5,624,668 | $4,979,359 | $116,458,923 | XML |
| 990 | December 2022 | $3,916,471 | $3,724,077 | $116,715,912 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 36-1120219).
Questions about GAS & ELECTRIC CREDIT UNION
- What is the EIN of GAS & ELECTRIC CREDIT UNION?
- The employer identification number (EIN) of GAS & ELECTRIC CREDIT UNION is 36-1120219.
- Is GAS & ELECTRIC CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to GAS & ELECTRIC CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GAS & ELECTRIC 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 GAS & ELECTRIC CREDIT UNION 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 GAS & ELECTRIC CREDIT UNION 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 GAS & ELECTRIC CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Daryl E Empen.
- Who are the officers and directors of GAS & ELECTRIC CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $210,735 (Daryl E Empen, President and Treasurer).
- How much revenue does GAS & ELECTRIC CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,078,116, expenses of $6,304,157 and total assets of $128,029,378 at year end.
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