Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 36-2440414

SELECT EMPLOYEES CREDIT UNION

Also known as SAESP Sterling Classified

Tax-exempt · STERLING, IL 61081

Financials

$3.6M$2.2M2023$3.9M$2.5M2024$4M$2.8M2025
Revenue Expenses · by fiscal year end
Financials of SELECT EMPLOYEES CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$4,033,041$2,813,914$1,219,127$75,838,675$66,519,524$9,319,151
December 31, 2024990$3,893,959$2,523,239$1,370,720$68,111,294$60,011,270$8,100,024
December 31, 2023990$3,557,535$2,170,400$1,387,135$68,639,509$61,910,205$6,729,304
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,119,544
Investment income
$913,497
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$150,294
Other salaries and wages
$557,787
Salaries, compensation and benefits (total)
$891,010
Professional fundraising fees
$0
Legal fees
$9,436
Accounting fees
$25,068
Occupancy
$50,890
Depreciation
$57,176

Balance sheet and other

Total assets, start of year
$68,111,294
Total assets, end of year
$75,838,675
Total liabilities, end of year
$66,519,524
Net assets, end of year
$9,319,151
Land, buildings and equipment
$941,525
Gross receipts
$4,033,041
Employees
14
Volunteers
7
Year formed
1940
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.

NameTitleHours / weekCompensationOther / benefits
MS SUSAN BRANCHCEO
Officer
40$132,600$17,694
MR RICHARD DOUGLASCHAIRMAN
Trustee or director, Officer
1$0$0
MR KEVIN O'KEEFESECRETARY
Trustee or director, Officer
1$0$0
MS KATHRYN BOYLETREASURER
Trustee or director, Officer
1$0$0
MR ANDREW BEVEROTHMEMBER
Trustee or director
1$0$0
MR JEFFEREY HIPPENMEMBER
Trustee or director
1$0$0
MS CINDY VONHOLTENMEMBER
Trustee or director
1$0$0
MR TIMOTHY MORGANVICE CHAIRMAN
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
MS SUSAN BRANCHCEO
Officer
40$121,303$15,694
MR RICHARD DOUGLASCHAIRMAN
Trustee or director, Officer
1$0$0
MR KEVIN O'KEEFESECRETARY
Trustee or director, Officer
1$0$0
MS KATHRYN BOYLETREASURER
Trustee or director, Officer
1$0$0
MR ANDREW BEVEROTHMEMBER
Trustee or director
1$0$0
MR JEFFEREY HIPPENMEMBER
Trustee or director
1$0$0
MS CINDY VONHOLTENMEMBER
Trustee or director
1$0$0
MR TIMOTHY MORGANVICE CHAIRMAN
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
MS SUSAN BRANCHCEO
Officer
40$104,774$13,254
MR RICHARD DOUGLASCHAIRMAN
Trustee or director, Officer
1$0$0
MR KEVIN O'KEEFESECRETARY
Trustee or director, Officer
1$0$0
MS KATHRYN BOYLETREASURER
Trustee or director, Officer
1$0$0
MR ANDREW BEVEROTHMEMBER
Trustee or director
1$0$0
MR JEFFEREY HIPPENMEMBER
Trustee or director
1$0$0
MS CINDY VONHOLTENMEMBER
Trustee or director
1$0$0
MR TIMOTHY MORGANVICE CHAIRMAN
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
2412 FREEPORT RD, STERLING, IL 61081-7626
Mailing address (990-N for 2013)
806 E LeFevre Rd, Sterling IL 61081
Principal officer (990 for 2025)
SUSAN M BRANCH, 2412 FREEPORT ROAD, STERLING, IL 61081
Principal officer (990-N for 2013)
John Bowman, 410 E LeFevre Rd, Sterling IL 61081
Signed the 990
SUSAN M BRANCH, CHIEF EXECUTIVE OFFICER
Phone
(815) 626-8181
Return prepared by
SELDEN FOX LTD

Mission

THE SELECT EMPLOYEES CREDIT UNION WILL MEET THE NEEDS OF MEMBERS BY PROVIDING FINANCIAL PRODUCTS AND SERVICES DELIVERED WITH INTEGRITY, PERSONAL CARE AND INDIVIDUALIZED ATTENTION.

990 for the year ended December 31, 2025

Program accomplishments

  • MADE SHARE OVERDRAFT PROTECTION LOANS, HOME EQUITY LOANS, SHARE SECURED LOANS, AND VISA LOANS TO MEMBERS. TOTAL LOANS AT THE END OF 2025 WERE $48,742,309 THIS NUMBER CONSISTED OF CONSUMER LOANS OF $36,157,781, REAL ESTATE LOANS OF $11,645,347, AND VISA LOANS OF $939,205. THE CREDIT UNION'S GOAL IS TO HAVE AN 80% LOANS TO ASSET RATIO AND AN 85% LOANS TO SHARES RATIO. AT THE END OF 2025 THE LOANS TO ASSETS RATIO WAS 64.27% AND LOANS TO SHARE WAS 73.65%
  • ACCEPTED DEPOSITS AND ISSUED SHARE CERTIFICATES TO MEMBERS. TOTAL SHARE BALANCES AT THE END OF 2025 WERE $66,180,846. THIS NUMBER CONSISTED OF SHARE BALANCES OF $47,343,611 SHARE BALANCE DRAFT OF $16,767,374, AND INDIVIDUAL RETIREMENT ACCOUNT (IRA)/CERTIFICATE OF DEPOSIT BALANCES OF $2,069,862.

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
36-2440414
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1957
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$75,838,675
Income (IRS master file)
$4,033,041

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$4,033,041$2,813,914$75,838,675XML
990December 2024$3,893,959$2,523,239$68,111,294XML
990December 2023$3,557,535$2,170,400$68,639,509XML
990December 2022$2,407,136$1,864,459$68,097,694IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990-N for 2013
Officer: John Bowman
December 31, 2013≤ $50,000 receipts––e-Postcard

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 36-2440414).

Questions about SELECT EMPLOYEES CREDIT UNION

What is the EIN of SELECT EMPLOYEES CREDIT UNION?
The employer identification number (EIN) of SELECT EMPLOYEES CREDIT UNION is 36-2440414.
Is SELECT EMPLOYEES CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1957.
Are donations to SELECT EMPLOYEES CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SELECT EMPLOYEES 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 SELECT EMPLOYEES 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 SELECT EMPLOYEES 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 SELECT EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 names SUSAN M BRANCH.
Who are the officers and directors of SELECT EMPLOYEES CREDIT UNION?
The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $132,600 (MS SUSAN BRANCH, CEO).
How much revenue does SELECT EMPLOYEES CREDIT UNION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $4,033,041, expenses of $2,813,914 and total assets of $75,838,675 at year end.

Other nonprofits in STERLING

All nonprofits in STERLING · Illinois