Nonprofit · EIN 42-0173285
CORDA CREDIT UNION
Tax-exempt · CEDAR RAPIDS, IA 52402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $47,701,316 | $48,189,704 | -$488,388 | $726,146,859 | $655,384,370 | $70,762,489 |
| December 31, 2024 | 990 | $44,235,466 | $39,085,241 | $5,150,225 | $686,584,373 | $616,142,883 | $70,441,490 |
| December 31, 2023 | 990 | $35,995,167 | $29,314,801 | $6,680,366 | $667,141,652 | $601,689,836 | $65,451,816 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $45,253,700
- Investment income
- $2,447,616
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,840,725
- Other salaries and wages
- $6,352,182
- Salaries, compensation and benefits (total)
- $10,600,497
- Professional fundraising fees
- $0
- Legal fees
- -$665,155
- Accounting fees
- $38,018
- Occupancy
- $1,013,624
- Depreciation
- $933,070
Balance sheet and other
- Total assets, start of year
- $686,584,377
- Total assets, end of year
- $726,146,859
- Total liabilities, end of year
- $655,384,370
- Net assets, end of year
- $70,762,489
- Land, buildings and equipment
- $21,425,062
- Publicly traded securities
- $14,408,490
- Gross receipts
- $47,701,316
- Employees
- 147
- Volunteers
- 12
- Year formed
- 1935
- State of legal domicile
- IA
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 |
|---|---|---|---|---|
| PAULA O'ROURKE | PRESIDENT/CEO | 40 | $651,575 | $57,231 |
| JEREMY RIYNOLDS | CFO | 40 | $299,399 | $24,253 |
| DANIEL LIMBERT | CHIEF RISK OFFICER | 40 | $262,439 | $37,130 |
| MATTHEW BAILEY | CHIEF RISK OFFICER | 40 | $228,462 | $45,220 |
| DEBRA SALZ-STEENBLOCK | CHIEF TALENT OFFICER | 40 | $203,539 | $31,477 |
| BLAKE RODEMEYER | DIR OF IT | 40 | $136,948 | $27,152 |
| TIM LARSON | DIR OF MORTGAGE | 40 | $134,735 | $28,469 |
| KYLE MURPHY | DIR OF COM LEND | 40 | $116,489 | $36,397 |
| JOHN HAGEMANN | DIR OF LOAN UND | 40 | $114,736 | $19,686 |
| KADEE MEAD | DIR OF RETAIL | 40 | $123,458 | $5,865 |
| JOAN AUTERMAN | Director Trustee or director | 1 | $0 | $0 |
| HOLLY CORKERY | Director Trustee or director | 1 | $0 | $0 |
| MARGARET EICHORN | Director Trustee or director | 1 | $0 | $0 |
| JOYCE FOWLER | Director Trustee or director | 1 | $0 | $0 |
| MIKE GILLEN | Director Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA GLICK-MARTIN | Director Trustee or director | 1 | $0 |
| RICHARD ORTEGA | Director Trustee or director | 1 | $0 |
| NICHOLAS WAGNER | Director Trustee or director | 1 | $0 |
| JERALYN WESTERCAMP | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAULA O'ROURKE | PRESIDENT/CE Key employee | 40 | $590,657 | $55,105 |
| JEREMY REYNOLDS | CFO Key employee | 40 | $267,332 | $21,000 |
| DANIEL LIMBERT | CHIEF MEMBER Key employee | 40 | $239,301 | $35,406 |
| MATTHEW BAILEY | CHIEF RISK O Key employee | 40 | $209,020 | $43,770 |
| DEBRA SALZ-STEENBLOCK | VP HUMAN RES Key employee | 40 | $193,478 | $18,755 |
| BLAKE RODEMEYER | DIR OF INFO Highest-paid employee | 40 | $132,272 | $26,684 |
| TIMOTHY LARSON | DIR OF MORTG Highest-paid employee | 40 | $131,618 | $24,569 |
| KYE MURPHY | DIR OF COMM Highest-paid employee | 40 | $112,139 | $37,311 |
| JOHN HAGEMANN | UNDRWRITING Highest-paid employee | 40 | $107,977 | $18,209 |
| JOAN AUTERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOLLY CORKERY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL DECKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET EICHORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAMERON FLORES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOYCE FOWLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE GILLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELA GLICK-MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD ORTEGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICHOLAS WAGNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAULA O'ROURKE | PRESIDENT/CE Key employee | 40 | $473,312 | $47,751 |
| DANIEL LIMBERT | CHIEF MEMBER Key employee | 40 | $211,524 | $29,087 |
| MATTHEW BAILEY | CHIEF RISK O Key employee | 40 | $186,551 | $35,622 |
| COREY SANBORN-POTTER | CHIEF BUS DV Former | – | $192,429 | $22,361 |
| DEBRA SALZ-STEENBLOCK | VP HUMAN RES Key employee | 40 | $175,489 | $17,502 |
| BLAKE RODEMEYER | DIR OF INFO Highest-paid employee | 40 | $126,795 | $27,603 |
| TIMOTHY LARSON | DIR OF MORTG Highest-paid employee | 40 | $125,856 | $26,121 |
| KYE MURPHY | DIR OF COMM Highest-paid employee | 40 | $120,311 | $23,038 |
| TRACY TAYLOR | SR VP OF LEN Former | – | $127,314 | $0 |
| JOHN HAGEMANN | UNDRWRITING Highest-paid employee | – | $107,028 | $17,522 |
| JOAN AUTERMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHIL DECKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARGARET EICHORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOYCE FOWLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE GILLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELA GLICK-MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOREN HARTELT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD ORTEGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICHOLAS WAGNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JERALYN WESTERCAMP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3015 BLAIRS FERRY RD NE, CEDAR RAPIDS, IA 52402-1832
- Principal officer (990 for 2025)
- PAULA OROURKE
- Signed the 990
- PAULA O'ROURKE, PRESIDENT/CEO
- Phone
- (319) 378-0101
- Website
- www.cordacu.org
- Return prepared by
- Petersen & Associates CPA
Mission
STATE CHARTERED CREDIT UNION
Program accomplishments
- N/A
- N/A
- N/A
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
- 42-0173285
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $726,146,859
- Income (IRS master file)
- $47,701,316
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $47,701,316 | $48,189,704 | $726,146,859 | IRS |
| 990 | December 2024 | $44,235,466 | $39,085,241 | $686,584,373 | IRS |
| 990 | December 2023 | $35,995,167 | $29,314,801 | $667,141,652 | IRS |
| 990 | December 2022 | $28,754,492 | $22,785,155 | $621,025,958 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 42-0173285).
Questions about CORDA CREDIT UNION
- What is the EIN of CORDA CREDIT UNION?
- The employer identification number (EIN) of CORDA CREDIT UNION is 42-0173285.
- Is CORDA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14).
- Which annual return does CORDA 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 CORDA 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 CORDA 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 CORDA CREDIT UNION?
- The 990 for the year ended December 31, 2025 names PAULA OROURKE.
- Who are the officers and directors of CORDA CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 19 people; 10 received compensation from the organization, the highest $651,575 (PAULA O'ROURKE, PRESIDENT/CEO).
- How much revenue does CORDA CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $47,701,316, expenses of $48,189,704 and total assets of $726,146,859 at year end.
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