Nonprofit · EIN 36-6091357
BLACKHAWK AREA CU
Tax-exempt · SAVANNA, IL 61074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,094,830 | $1,661,032 | $433,798 | $39,325,093 | $34,502,791 | $4,822,302 |
| December 31, 2024 | 990 | $2,178,867 | $1,722,770 | $456,097 | $38,018,614 | $33,742,098 | $4,276,516 |
| December 31, 2023 | 990 | $2,171,881 | $1,635,081 | $536,800 | $40,050,532 | $36,183,342 | $3,867,190 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,762,968
- Investment income
- $331,862
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,630
- Other salaries and wages
- $525,367
- Salaries, compensation and benefits (total)
- $934,899
- Professional fundraising fees
- $0
- Accounting fees
- $46,354
- Occupancy
- $85,993
- Travel
- $7,805
- Depreciation
- $30,005
Balance sheet and other
- Total assets, start of year
- $38,018,614
- Total assets, end of year
- $39,325,093
- Total liabilities, end of year
- $34,502,791
- Net assets, end of year
- $4,822,302
- Land, buildings and equipment
- $239,166
- Publicly traded securities
- $4,436,284
- Gross receipts
- $2,094,830
- Employees
- 21
- Volunteers
- 9
- 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 |
|---|---|---|---|
| Rhonda Schroeder | CEO Officer | 40 | $108,140 |
| Donna Deets | Credit Manager Officer | 38 | $52,490 |
| Marleen Andersen | Board Member Trustee or director | 0 | $0 |
| Jeffrey Griswold | Board Member Trustee or director | 0 | $0 |
| Wilfred Schramm | Board Member Trustee or director | 0 | $0 |
| Debbi Hunter | Treasurer Trustee or director | 0 | $0 |
| Steve Venhuizen | Board Member Trustee or director | 0 | $0 |
| Mary Ostendorf | Secretary Trustee or director | 0 | $0 |
| Leonard Sheaffer | Vice Chairperson Trustee or director | 0 | $0 |
| Brittany Hatteberg | Board Member Trustee or director | 0 | $0 |
| Beth Wiegmann | Chairperson Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rhonda Schroeder | CEO Officer | 40 | $106,260 |
| Melanie Macy | Credit Manager Officer | 38 | $54,810 |
| Marleen Andersen | Board Member Trustee or director | 0 | $0 |
| Jeffrey Griswold | Board Member Trustee or director | 0 | $0 |
| Wilfred Schramm | Board Member Trustee or director | 0 | $0 |
| Debbi Hunter | Treasurer Trustee or director | 0 | $0 |
| Steve Venhuizen | Board Member Trustee or director | 0 | $0 |
| Mary Ostendorf | Secretary Trustee or director | 0 | $0 |
| Leonard Sheaffer | Vice Chairperson Trustee or director | 0 | $0 |
| Brittany Hatteberg | Board Member Trustee or director | 0 | $0 |
| Beth Wiegmann | Chairperson Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rhonda Schroeder | CEO Officer | 40 | $104,340 |
| Melanie Macy | Credit Manager Officer | 38 | $52,890 |
| Marleen Andersen | Board Member Trustee or director | 0 | $0 |
| Jeffrey Griswold | Board Member Trustee or director | 0 | $0 |
| Wilfred Schramm | Board Member Trustee or director | 0 | $0 |
| Debbi Hunter | Treasurer Trustee or director | 0 | $0 |
| Steve Venhuizen | Board Member Trustee or director | 0 | $0 |
| Mary Ostendorf | Secretary Trustee or director | 0 | $0 |
| Leonard Sheaffer | Board Member Trustee or director | 0 | $0 |
| Wayne Wilson | Vice Chairman Trustee or director | 0 | $0 |
| Beth Wiegmann | Chairperson Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 328, SAVANNA, IL 61074-0328
- In care of
- % RHONDA SCHROEDER
- Principal officer (990 for 2025)
- Rhonda Schroeder, 214 MAIN STREET, Savanna, IL 61074
- Signed the 990
- Rhonda Schroeder, CEO
- Phone
- (815) 273-4503
- Website
- www.bacu.org
Mission
The mission of the credit union is to provide low-cost financial services to its members, to encourage savings, to provide education in fiancial matters, and to prosper in order to continue to be a viable financial institution in the future.
Program accomplishments
- We serve 3,784 members with savings accounts and dividend rates higher than area competitors.0
- We have a total of 1,434 outstanding member consumer loans.0
- We have a total of 240 outstanding member mortgage and/or HELOC loans.0
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
- 36-6091357
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $39,325,093
- Income (IRS master file)
- $2,094,830
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,094,830 | $1,661,032 | $39,325,093 | IRS |
| 990 | December 2024 | $2,178,867 | $1,722,770 | $38,018,614 | IRS |
| 990 | December 2023 | $2,171,881 | $1,635,081 | $40,050,532 | XML |
| 990 | December 2022 | $1,907,031 | $1,571,638 | $43,546,962 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 36-6091357).
Questions about BLACKHAWK AREA CU
- What is the EIN of BLACKHAWK AREA CU?
- The employer identification number (EIN) of BLACKHAWK AREA CU is 36-6091357.
- Is BLACKHAWK AREA CU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1960.
- Are donations to BLACKHAWK AREA CU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BLACKHAWK AREA CU 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 BLACKHAWK AREA CU 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 BLACKHAWK AREA CU 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 BLACKHAWK AREA CU?
- The 990 for the year ended December 31, 2025 names Rhonda Schroeder.
- Who are the officers and directors of BLACKHAWK AREA CU?
- The 990 for the year ended December 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $108,140 (Rhonda Schroeder, CEO).
- How much revenue does BLACKHAWK AREA CU have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,094,830, expenses of $1,661,032 and total assets of $39,325,093 at year end.
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