Nonprofit · EIN 37-6031888
IAA CREDIT UNION
Tax-exempt · BLOOMINGTON, IL 61701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $25,446,906 | $20,773,180 | $4,673,726 | $403,034,722 | $346,971,657 | $56,063,065 |
| December 31, 2024 | 990 | $25,737,547 | $19,910,533 | $5,827,014 | $385,598,942 | $334,209,603 | $51,389,339 |
| December 31, 2023 | 990 | $20,201,587 | $17,009,726 | $3,191,861 | $358,929,236 | $313,366,911 | $45,562,325 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,364,997
- Investment income
- $10,081,909
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $7,897,850
- Compensation of officers, directors and key employees
- $630,569
- Salaries, compensation and benefits (total)
- $630,569
- Professional fundraising fees
- $0
- Occupancy
- $217,421
- Travel
- $38,182
- Depreciation
- $428,905
Balance sheet and other
- Total assets, start of year
- $385,598,942
- Total assets, end of year
- $403,034,722
- Total liabilities, end of year
- $346,971,657
- Net assets, end of year
- $56,063,065
- Land, buildings and equipment
- $2,473,014
- Gross unrelated business income
- $55,292
- Gross receipts
- $25,446,906
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1951
- 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 |
|---|---|---|---|---|
| NICK BROOKS | CHIEF EXECUTIVE OFFICER Officer | 40 | $196,373 | $24,192 |
| NICK SOSNOWSKI | CHIEF FINANCIAL OFFICER Officer | 40 | $130,746 | $26,988 |
| DAVID WARREN | CHIEF LENDING OFFICER Officer | 40 | $119,102 | $23,879 |
| CALVIN WEAVER | TECHNOLOGY MANAGER Highest-paid employee | 40 | $130,487 | $4,543 |
| EMILY GRIFFEN | CONTROLLER Highest-paid employee | 40 | $106,904 | $25,158 |
| JOYCE MASON | AVP - RE & CONSUMER LEND Highest-paid employee | 40 | $103,546 | $19,402 |
| EMILY MCLEOD | CHIEF EXPERIENCE OFFICER Officer | 40 | $103,392 | $5,897 |
| TOM SWEARINGEN | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 |
| KRISTIN ADAMS | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 |
| JACOB CROW | VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 |
| JOHN HENDERSON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| TASHA BUNTING | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| BRIAN GUENTHER | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| RAY MORRIS | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| KEVIN DAUGHERTY | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE YONTZ | BOARD MEMBER Trustee or director | 0.75 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN WELLS | CEO Officer | 40 | $299,399 | $31,156 |
| NICK SOSNOWSKI | CFO Officer | 40 | $166,192 | $27,687 |
| NICK BROOKS | CHIEF LENDING OFFICER Officer | 40 | $162,182 | $24,846 |
| EMILY GRIFFEN | CONTROLLER Highest-paid employee | 40 | $126,223 | $25,005 |
| DAVID WARREN | AVP BUSINESS LENDING Officer | 40 | $115,730 | $24,761 |
| JEFFERY MALCOM | VP BRANCH OPERATIONS Highest-paid employee | 40 | $116,147 | $19,319 |
| CALVIN WEAVER | TECHNOLOGY MANAGER Highest-paid employee | 40 | $119,796 | $4,726 |
| BRIAN MCGILL | SUPERVISOR Highest-paid employee | 40 | $101,369 | $2,446 |
| TOM SWEARINGEN | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 |
| KRISTIN ADAMS | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 |
| JACOB CROW | VICE CHAIRPERSON Trustee or director, Officer | 0.75 | $0 | $0 |
| JOHN HENDERSON | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| TASHA BUNTING | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| BRIAN GUENTHER | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| RAY MORRIS | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
| KEVIN DAUGHERTY | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 |
| KYLE YONTZ | BOARD MEMBER Trustee or director | 0.75 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM SWEARINGEN | CHAIRPERSON Trustee or director, Officer | 0.75 | $0 |
| KRISTIN ADAMS | SECRETARY Trustee or director, Officer | 0.75 | $0 |
| DOUG CARROLL | VICE-CHAIRPERSON Trustee or director, Officer | 0.75 | $0 |
| JACOB CROW | TREASURER Trustee or director, Officer | 0.75 | $0 |
| JOHN HENDERSON | BOARD MEMBER Trustee or director | 0.75 | $0 |
| TASHA BUNTING | BOARD MEMBER Trustee or director | 0.75 | $0 |
| MELISSA RHODE | SUPERVISORY COMMITTEE CHAIR Trustee or director | 0.75 | $0 |
| BRIAN GUENTHER | BOARD MEMBER Trustee or director | 0.75 | $0 |
| KRISTEN FAUCON | BOARD MEMBER Trustee or director | 0.75 | $0 |
Address and contacts
- Address (IRS master file)
- 808 IAA DR, BLOOMINGTON, IL 61701-2214
- Principal officer (990 for 2025)
- NICK BROOKS, 808 IAA DRIVE, BLOOMINGTON, IL 61702
- Signed the 990
- NICK BROOKS, CHIEF EXECUTIVE OFFICER
- Phone
- (309) 557-2541
- Website
- WWW.IAACU.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
BUILD FINANCIAL RELATIONSHIPS TO ENRICH MEMBERS' LIVES.
Program accomplishments
- PROVIDE 4,703 CONSUMER LOANS, 70 COMMERCIAL LOANS, 1,081 REAL ESTATE LOANS AND 5,869 VISA ACCOUNTS TO MEMBERS.
- PROVIDED 27,533 SAVINGS AND MONEY MARKET SAVINGS ACCOUNTS, 9,640 SHARE DRAFT ACCOUNTS, 1,924 HSA AND IRA ACCOUNTS, AND 3,839 CERTIFICATE ACCOUNTS TO MEMBERS.
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
- 37-6031888
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $403,034,722
- Income (IRS master file)
- $25,446,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $25,446,906 | $20,773,180 | $403,034,722 | XML |
| 990 | December 2024 | $25,737,547 | $19,910,533 | $385,598,942 | XML |
| 990 | December 2023 | $20,201,587 | $17,009,726 | $358,929,236 | XML |
| 990 | December 2022 | $13,399,516 | $9,372,448 | $362,260,111 | 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 37-6031888).
Questions about IAA CREDIT UNION
- What is the EIN of IAA CREDIT UNION?
- The employer identification number (EIN) of IAA CREDIT UNION is 37-6031888.
- Is IAA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2000.
- Are donations to IAA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IAA 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 IAA 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 IAA 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 IAA CREDIT UNION?
- The 990 for the year ended December 31, 2025 names NICK BROOKS.
- Who are the officers and directors of IAA CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 16 people; 7 received compensation from the organization, the highest $196,373 (NICK BROOKS, CHIEF EXECUTIVE OFFICER).
- How much revenue does IAA CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $25,446,906, expenses of $20,773,180 and total assets of $403,034,722 at year end.
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