Nonprofit · EIN 75-0603700
CORNERSTONE CREDIT UNION LEAGUE
Tax-exempt · PLANO, TX 75024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,534,127 | $10,823,805 | $710,322 | $37,645,396 | $4,503,427 | $33,141,969 |
| December 31, 2023 | 990 | $10,938,683 | $10,274,855 | $663,828 | $36,075,945 | $3,811,706 | $32,264,239 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,393,899
- Investment income
- $951,986
- Net rental income
- $99,373
- Net gain from sales of assets
- -$63,514
- Other revenue
- $188,242
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $739,276
- Other salaries and wages
- $2,241,623
- Salaries, compensation and benefits (total)
- $3,782,338
- Professional fundraising fees
- $0
- Legal fees
- $151,229
- Occupancy
- $441,950
- Travel
- $319,344
- Depreciation
- $402,084
Balance sheet and other
- Total assets, start of year
- $36,075,945
- Total assets, end of year
- $37,645,396
- Total liabilities, end of year
- $4,503,427
- Net assets, end of year
- $33,141,969
- Land, buildings and equipment
- $656,519
- Publicly traded securities
- $6,355,340
- Net assets without donor restrictions
- $32,466,199
- Net assets with donor restrictions
- $675,770
- Gross receipts
- $11,911,756
- Employees
- 30
- Volunteers
- 18
- Year formed
- 1934
- State of legal domicile
- TX
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Caroline Willard | President/CEO Officer | 20 | $341,053 | $341,053 | $43,528 |
| James Phelps | SVP/Advocacy Key employee | 30 | $342,724 | $0 | $33,735 |
| Suzanne Yashewski | Regulatory and Compliance Coun Highest-paid employee | 40 | $202,887 | $0 | $29,674 |
| Michael Delker | CU Relations SVP Highest-paid employee | 40 | $196,170 | $0 | $30,500 |
| Shoaib Salamat | SVP Finance and Administration Officer | 20 | $0 | $182,380 | $39,404 |
| Gilianne Thomas | Executive Director, TXCUA Highest-paid employee | 40 | $187,555 | $0 | $22,066 |
| Courtney Moran | EXECUTIVE DIRECTOR, CCUF Highest-paid employee | 40 | $146,428 | $0 | $37,709 |
| Michael Murray | Executive Director, KSPAC Highest-paid employee | 40 | $147,647 | $0 | $26,073 |
| James Boyd | Director/Past Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Karyn Davis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Dale Hansard | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Kenny Harrington | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tammy Passafiume | Chairman Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Larry Shropshire | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| James Tuggle | Director Trustee or director | 0.5 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JoBetsy Tyler | Treasurer Trustee or director, Officer | 0.5 | $0 |
| David Willis | Director Trustee or director | 0.5 | $0 |
| Gina Wilson | Vice Chairman Trustee or director, Officer | 0.5 | $0 |
| Brenda Kliewer | Director Trustee or director | 0.5 | $0 |
| Luann Schmiedel | Director Trustee or director | 0.5 | $0 |
| Bob Mayes | At-Large Trustee or director, Officer | 0.5 | $0 |
| Bob McKay | Director Trustee or director | 0.5 | $0 |
| Jay Neathery | Director Trustee or director | 0.5 | $0 |
| Rick Nichols | Director Trustee or director | 0.5 | $0 |
| Pearl Contreras | Director Trustee or director | 0.5 | $0 |
| Judy Hadsall | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Caroline Willard | President/CEO Officer | 20 | $382,733 | $382,733 | $101,380 |
| James Phelps | SVP/Advocacy Key employee | 30 | $315,665 | $0 | $42,330 |
| Suzanne Yashewski | Regulatory and Compliance Coun Highest-paid employee | 40 | $192,678 | $0 | $30,074 |
| Michael Delker | CU Relations SVP Highest-paid employee | 40 | $187,872 | $0 | $30,720 |
| Shoaib Salamat | SVP Finance and Administration Officer | 20 | $27,179 | $150,048 | $37,295 |
| Gilianne Thomas | Executive Director, TXCUA Highest-paid employee | 40 | $147,915 | $0 | $29,185 |
| Courtney Moran | EXECUTIVE DIRECTOR, CCUF Highest-paid employee | 0 | $0 | $140,468 | $34,485 |
| James Boyd | Director/Past Chair Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Karyn Davis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Dale Hansard | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Kenny Harrington | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Tammy Passafiume | Chairman Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Larry Shropshire | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| James Tuggle | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| JoBetsy Tyler | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| David Willis | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Gina Wilson | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Brenda Kliewer | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Luann Schmiedel | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Bob Mayes | At-Large Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Bob McKay | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jay Neathery | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Rick Nichols | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Jennifer Keim | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| Pearl Contreras | Director Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6801 PARKWOOD BLVD, PLANO, TX 75024-7250
- In care of
- % SHOAIB SALAMAT
- Principal officer (990 for 2024)
- CAROLINE WILLARD, 6801 Parkwood BLVD 300, Plano, TX 75024
- Signed the 990
- SHOAIB SALAMAT, SVP,FINANCE & ADMIN
- Phone
- (800) 442-5762
- Website
- WWW.CORNERSTONELEAGUE.COOP
- Return prepared by
- BDO USA
Mission
TO PROTECT CREDIT UNIONS, AND PROMOTE THEIR GROWTH, STRENGTH AND UNITY.
Program accomplishments
- INFORMATION CENTRAL PROVIDES PHONE AND EMAIL SERVICE TO CREDIT UNIONS TO PROVIDE INFORMATION ON COMPLIANCE AND REGULATORY ASSISTANCE FOR MEMBER CREDIT UNIONS. REGULATORY & COMPLIANCE GENERATES ANNUAL VIDEOS FOR COMPLIANCE ISSUES SUCH AS BSA AND DIRECTOR DUTIES AND RESPONSIBILITIES. THE INFORMATION CENTRAL DIVISION ANSWERS OVER 3,000 PHONE CALLS AND PROVIDES REGULATORY AND LEGAL UPDATES TO THE LEAGUE INFOSIGHT ONLINE COMPLIANCE MANUAL AND DISTRIBUTES MONTHLY COMPLIANCE E-NEWSLETTERS TO MEMBER CREDIT UNIONS.
- ENGAGEMENT CONSULTANTS. THE FOCUS OF THIS GROUP IS TO ACT AS THE PRIMARY POINT OF CONTACT AND DAY-TO-DAY LINK BETWEEN CORNERSTONE AND ITS CREDIT UNIONS. THEY PROVIDE HIGH TOUCH AND HIGH TECH TO ENHANCE THE MEMBER EXPERIENCE AND MAXIMIZE THE VALUE OF LEAGUE MEMBERSHIP.
- COMPLIANCE AND REGULATORY. COMMUNICATES WITH REGULATORS, PROVIDES ANALYSIS OF NEW PROPOSALS, ASSISTS CREDIT UNIONS IN CRAFTING PERSUASIVE RESPONSES TO GOVERNING AGENCIES, AND PROVIDES INTERPRETATION AND FEEDBACK ON HOW BEST TO COMPLY WITH EXISTING REGULATIONS.
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 | Not 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
- 75-0603700
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $37,645,396
- Income (IRS master file)
- $11,911,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,534,127 | $10,823,805 | $37,645,396 | IRS |
| 990 | December 2023 | $10,938,683 | $10,274,855 | $36,075,945 | XML |
| 990 | December 2022 | $8,064,748 | $7,348,593 | $26,892,766 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-0603700).
Questions about CORNERSTONE CREDIT UNION LEAGUE
- What is the EIN of CORNERSTONE CREDIT UNION LEAGUE?
- The employer identification number (EIN) of CORNERSTONE CREDIT UNION LEAGUE is 75-0603700.
- Is CORNERSTONE CREDIT UNION LEAGUE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1947.
- Are donations to CORNERSTONE CREDIT UNION LEAGUE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORNERSTONE CREDIT UNION LEAGUE 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 CORNERSTONE CREDIT UNION LEAGUE 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 CORNERSTONE CREDIT UNION LEAGUE 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 CORNERSTONE CREDIT UNION LEAGUE?
- The 990 for the year ended December 31, 2024 names CAROLINE WILLARD.
- Who are the officers and directors of CORNERSTONE CREDIT UNION LEAGUE?
- The 990 for the year ended December 31, 2024 lists 26 people; 7 received compensation from the organization, the highest $341,053 (Caroline Willard, President/CEO).
- How much revenue does CORNERSTONE CREDIT UNION LEAGUE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,534,127, expenses of $10,823,805 and total assets of $37,645,396 at year end.
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