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Nonprofit · EIN 37-0732817

SCOTT CREDIT UNION

Tax-exempt · EDWARDSVILLE, IL 62025

Financials

$105.9M$96.6M2023$121M$114.2M2024
Revenue Expenses · by fiscal year end
Financials of SCOTT CREDIT UNION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$120,951,375$114,208,098$6,743,277$1,745,004,988$1,592,503,489$152,501,499
December 31, 2023990$105,927,391$96,614,257$9,313,134$1,741,583,732$1,597,906,829$143,676,903
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$95,488,126
Investment income
$25,463,249
Other revenue
$0

Expenses

Grants and similar amounts paid
$243,418
Compensation of officers, directors and key employees
$3,900,458
Other salaries and wages
$19,997,552
Salaries, compensation and benefits (total)
$31,851,002
Professional fundraising fees
$0
Legal fees
$189,692
Accounting fees
$309,081
Occupancy
$2,719,299
Travel
$133,247
Depreciation
$2,760,068

Balance sheet and other

Total assets, start of year
$1,741,583,732
Total assets, end of year
$1,745,004,988
Total liabilities, end of year
$1,592,503,489
Net assets, end of year
$152,501,499
Land, buildings and equipment
$32,582,950
Publicly traded securities
$138,386,548
Gross unrelated business income
$306,260
Gross receipts
$120,951,375
Employees
436
Volunteers
8
Year formed
1943
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
FRANK PADAKPRESIDENT AND CEO/BOD TREASURER
Trustee or director, Officer
40$1,104,580$303,438
SCOTT SEIDLEXECUTIVE VICE PRESIDENT
Officer
40$394,848$132,864
SCOTT PETERSCHIEF FINANCIAL OFFICER
Officer
40$290,924$163,093
DAVID BRESSLERCHIEF LENDING OFFICER
Key employee
40$266,740$66,184
VALENTINA RHODEN-KIMBROUGHCHIEF HUMAN RESOURCES OFFICER
Key employee
40$257,211$65,295
JOANNA HERNANDEZCHIEF OPERATING OFFICER
Key employee
40$246,507$62,925
TRICIA NEWTONMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$276,348$23,646
CARLA LAMBRECHTCHIEF INFORMATION OFFICER
Key employee
40$269,198$30,074
JEFFREY RODERICKVICE PRESIDENT OF INFORMATION TECHNOLOGY
Highest-paid employee
40$204,969$60,424
MICHELLE WAZLAWEKCHIEF MARKETING OFFICER
Key employee
40$231,854$14,723
MARK DIETRICHVICE PRESIDENT OF RETAIL OPERATIONS
Highest-paid employee
40$181,887$59,029
LAURIE VIVIANOMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$172,561$53,077
DONNA HARRISMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$190,014$24,506
LAWRENCE HAFFNERBOARD CHAIRPERSON, BOD MEMBER
Trustee or director
3$0$0
JACOB CURTISBOARD VICE CHAIRPERSON, BOD MEMBER
Trustee or director
3$0$0
6 more people on this return
NameTitleHours / weekCompensation
DEBBIE LANEBOARD SECRETARY, BOD MEMBER
Trustee or director
3$0
JESSICA HAUGENBOARD MEMBER
Trustee or director
3$0
JOY HAYWARDBOARD MEMBER
Trustee or director
3$0
LAJUAN MILLERBOARD MEMBER
Trustee or director
3$0
CHRISTOPHER SOBRINOBOARD MEMBER
Trustee or director
3$0
ANGELA STEWARTBOARD MEMBER
Trustee or director
3$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensationOther / benefits
FRANK PADAKPRESIDENT AND CEO/BOARD TREASURER
Trustee or director, Officer
40$899,188$90,167
SCOTT SEIDLEXECUTIVE VICE PRESIDENT
Officer
40$396,587$64,184
SCOTT PETERSCHIEF FINANCIAL OFFICER
Officer
40$272,734$76,329
DAVID BRESSLERCHIEF LENDING OFFICER
Key employee
40$266,543$58,914
VAL RHODEN-KIMBROUGHCHIEF HUMAN RESOURCES OFFICER
Key employee
40$252,574$57,797
JOANNA HERNANDEZCHIEF OPERATING OFFICER
Key employee
40$242,206$55,481
CARLA LAMBRECHTCHIEF INFORMATION OFFICER
Key employee
40$263,980$27,921
MICHELLE WAZLAWEKCHIEF MARKETING OFFICER
Key employee
40$225,929$14,520
JEFFREY RODERICKVICE PRESIDENT OF INFORMATION TECHNOLOGY
Highest-paid employee
40$177,166$50,831
DEANNA O'NEILLVP OF HUMAN RESOURCES
Highest-paid employee
40$169,778$49,845
MARK DIETRICHVICE PRESIDENT OF RETAIL OPERATIONS
Highest-paid employee
40$158,068$49,001
MANDY MAYERVICE PRESIDENT OF MORTGAGE LENDING
Highest-paid employee
40$148,285$46,909
TRICIA NEWTONMORTGAGE LOAN ORIGINATOR
Highest-paid employee
40$179,384$9,908
MICHELE GEHLBACHBOARD SECRETARY, BOARD MEMBER
Trustee or director
3$0$0
CHRISTOPHER SOBRINOBOARD MEMBER, SUPERVISORY COMMITTEE CHAIRPERSON
Trustee or director
3$0$0
DEBBIE LANEBOARD MEMBER, SUPERVISORY COMMITTEE CHAIRPERSON
Trustee or director
3$0$0
JACOB CURTISBOARD VICE CHAIRPERSON, BOARD MEMBER
Trustee or director
3$0$0
JESSICA HAUGENBOARD MEMBER
Trustee or director
3$0$0
JOY HAYWARDBOARD MEMBER
Trustee or director
3$0$0
LAJUAN MILLERBOARD MEMBER
Trustee or director
3$0$0
LAWRENCE HAFFNERBOARD CHAIRPERSON, BOARD MEMBER
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
101 CREDIT UNION WAY, EDWARDSVILLE, IL 62025-3504
In care of
% SCOTT PETERS
Principal officer (990 for 2024)
FRANK M PADAK, 101 CREDIT UNION WAY, EDWARDSVILLE, IL 62025
Signed the 990
SCOTT PETERS, CFO
Phone
(618) 345-1000
Return prepared by
DOEREN MAYHEW

Mission

TO SERVE MEMBERS' NEEDS BY ACCEPTING DEPOSITS, GRANTING LOANS AND INVESTING EXCESS FUNDS IN A PRUDENT MANNER.

990 for the year ended December 31, 2024

Program accomplishments

  • INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBER FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.

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
37-0732817
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1947
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,745,004,988
Income (IRS master file)
$120,951,375

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$120,951,375$114,208,098$1,745,004,988XML
990December 2023$105,927,391$96,614,257$1,741,583,732XML
990December 2022$84,339,279$75,829,501$1,751,826,315IRS
990December 2021$74,654,217$66,970,715$1,647,347,103IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 37-0732817).

Questions about SCOTT CREDIT UNION

What is the EIN of SCOTT CREDIT UNION?
The employer identification number (EIN) of SCOTT CREDIT UNION is 37-0732817.
Is SCOTT CREDIT UNION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1947.
Are donations to SCOTT CREDIT UNION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SCOTT 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 SCOTT CREDIT UNION 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 SCOTT CREDIT UNION 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 SCOTT CREDIT UNION?
The 990 for the year ended December 31, 2024 names FRANK M PADAK.
Who are the officers and directors of SCOTT CREDIT UNION?
The 990 for the year ended December 31, 2024 lists 21 people; 13 received compensation from the organization, the highest $1,104,580 (FRANK PADAK, PRESIDENT AND CEO/BOD TREASURER).
How much revenue does SCOTT CREDIT UNION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $120,951,375, expenses of $114,208,098 and total assets of $1,745,004,988 at year end.

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