Nonprofit · EIN 88-0067875
PLUS CREDIT UNION
Tax-exempt · LAS VEGAS, NV 89146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,953,910 | $5,039,380 | $914,530 | $123,763,069 | $110,441,425 | $13,321,644 |
| December 31, 2023 | 990 | $5,510,028 | $4,349,848 | $1,160,180 | $119,100,579 | $106,652,995 | $12,447,584 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,056,976
- Investment income
- $2,821,518
- Other revenue
- $75,416
Expenses
- Grants and similar amounts paid
- $600
- Compensation of officers, directors and key employees
- $1,015,090
- Other salaries and wages
- $688,582
- Salaries, compensation and benefits (total)
- $2,082,095
- Professional fundraising fees
- $0
- Legal fees
- $11,883
- Accounting fees
- $49,167
- Occupancy
- $257,126
- Travel
- $30,329
- Depreciation
- $171,703
Balance sheet and other
- Total assets, start of year
- $119,100,579
- Total assets, end of year
- $123,763,069
- Total liabilities, end of year
- $110,441,425
- Net assets, end of year
- $13,321,644
- Land, buildings and equipment
- $3,087,040
- Publicly traded securities
- $30,198,977
- Gross unrelated business income
- $9,063
- Gross receipts
- $5,953,910
- Employees
- 35
- Volunteers
- 11
- Year formed
- 1983
- State of legal domicile
- NV
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 | Other / benefits |
|---|---|---|---|---|
| CAROL SCHUMACHER | PRESIDENT/CEO Officer | 40 | $329,411 | $28,026 |
| STEPHANIE CALACAL | EVP Officer | 40 | $213,919 | $35,209 |
| KELLY ETHIER | EVP/CLO Officer | 40 | $189,700 | $26,411 |
| DIANE CAMARDELLA | VP OF COMPLIANCE Officer | 40 | $163,961 | $25,974 |
| TARA SEXTON | VP Officer | 40 | $118,099 | $24,435 |
| ROBERT E CANNON | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| SAM HORNBECK | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| WENDY SIEDLECKI | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROBERT DUKE CANNON | TREASURER Trustee or director | 1 | $0 | $0 |
| MICHAEL FRITCHLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONNA BRADLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY WALLENFANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL WISNER | SUPV CMTE CHAIRPERSON Trustee or director | 0.5 | $0 | $0 |
| MICHAEL KREIMEYER | SUPV CMTE MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALAN SMITH | SUPV CMTE MEMBER Trustee or director | 0.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN HENARD | SUPV CMTE MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROL SCHUMACHER | PRESIDENT/CEO Officer | 40 | $307,411 | $24,890 |
| STEPHANIE CALACAL | EVP Officer | 40 | $184,527 | $30,878 |
| KELLY ETHIER | EVP/CLO Officer | 40 | $176,749 | $20,191 |
| DIANE CAMARDELLA | VP OF COMPLIANCE Officer | 40 | $143,213 | $22,854 |
| ROBERT E CANNON | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| SAM HORNBECK | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| WENDY SIEDLECKI | SECRETARY Trustee or director | 1 | $0 | $0 |
| ROBERT DUKE CANNON | TREASURER Trustee or director | 1 | $0 | $0 |
| MICHAEL FRITCHLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD OSOSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONNA BRADLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFFREY WALLENFANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL WISNER | SUPV CMTE CHAIRPERSON Trustee or director | 0.5 | $0 | $0 |
| MICHAEL KREIMEYER | SUPV CMTE MEMBER Trustee or director | 0.5 | $0 | $0 |
| ASHLEY URENA | SUPV CMTE MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 S JONES BLVD, LAS VEGAS, NV 89146-1240
- In care of
- % SAMATHA MATNEY
- Principal officer (990 for 2024)
- CAROL SCHUMACHER, 1900 SOUTH JONES BLVD, LAS VEGAS, NV 89146
- Signed the 990
- CAROL SCHUMACHER, PRESIDENT/CEO
- Phone
- (702) 871-4746
- Website
- WWW.PLUSCU.ORG
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
Mission
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, PLUS CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- THE LAS VEGAS ELECTRICAL FEDERAL CREDIT UNION WAS FORMED IN 1952, IN LAS VEGAS, NEVADA WITH 100 MEMBERS OF I.B.E.W. LOCAL #357 AS THE CHARTER MEMBERS OF THE CREDIT UNION. IBEW PLUS CREDIT UNION WAS THE FIRST UNION-REPRESENTED CREDIT UNION IN NEVADA. OVER THE YEARS, WE HAVE BECOME A FULL-SERVICE FINANCIAL INSTITUTION OFFERING OUR MEMBERS THE HIGHEST LEVEL OF SERVICE, RESPECT, AND SECURITY. OUR LENDING PROGRAM ENCOMPASSES ALL LENDING AREAS UNDER WHICH OUR MEMBERS MAY NEED CONSUMER CREDIT DURING THEIR MEMBERSHIP WITH IBEW PLUS CREDIT UNION, SUCH AS AUTO LOANS, HOME LOANS, AND HOME EQUITY LOANS. CONVERSELY, WHERE OUR MEMBERS NEED A SAVINGS VESSEL THAT GIVES THE SAFETY AND SECURITY OF BANKING DEPOSIT PRODUCTS, IBEW PLUS CREDIT UNION OFFERS A WIDE VARIETY OF INTEREST BEARING CONSUMER DEPOSIT ACCOUNTS FROM CHECKING ACCOUNTS THROUGH IRA TIME DEPOSITS AND ALL THINGS IN BETWEEN. OUR DRIVING PRINCIPLE IS TO BE AVAILABLE FOR OUR MEMBERS/OWNER'S FINANCIAL NEEDS WHILE PROVIDING AN ENVIRONMENT WHERE OUR MEMBER/OWNER'S FINANCIAL NEEDS COMPLIMENT AND ASSIST OTHER MEMBER/OWNER'S NEEDS AND REQUIREMENTS IN A PURELY COOPERATIVE ENVIRONMENT.
- ACCESSIBILITY TO THEIR FUNDS IS HIGH ON OUR MEMBERS' WISH LIST. WITH OUR SERVICES, THEY CAN ACCESS THEIR FUNDS THROUGH THE AUTOMATED CLEARING HOUSE, BY CHECK, BY ATM/DEBIT CARDS, PHONE, HOME BANKING, MOBILE ACCESS, ETC.
- THE CREDIT UNION STRIVES TO KEEP ITS DIVIDEND RATES WITHIN THE HIGHER END OF THE MARKET TO HELP MEMBERS IMPROVE THEIR WEALTH. DIFFERENT SAVINGS PRODUCTS ARE AVAILABLE FOR DIFFERENT LEVELS OF SAVINGS.
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
- 88-0067875
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $123,763,069
- Income (IRS master file)
- $5,953,910
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,953,910 | $5,039,380 | $123,763,069 | XML |
| 990 | December 2023 | $5,510,028 | $4,349,848 | $119,100,579 | XML |
| 990 | December 2022 | $3,766,214 | $3,355,561 | $114,417,679 | 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 88-0067875).
Questions about PLUS CREDIT UNION
- What is the EIN of PLUS CREDIT UNION?
- The employer identification number (EIN) of PLUS CREDIT UNION is 88-0067875.
- Is PLUS CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1983.
- Which annual return does PLUS 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 PLUS 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 PLUS 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 PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2024 names CAROL SCHUMACHER.
- Who are the officers and directors of PLUS CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $329,411 (CAROL SCHUMACHER, PRESIDENT/CEO).
- How much revenue does PLUS CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,953,910, expenses of $5,039,380 and total assets of $123,763,069 at year end.
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