Fieldstone Credit Union
- Assets
- $58.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Bradley, IL
- Founding
- 11/1953
- Data as of
- 12/2021
- EIN
- 36-2261646
Organization Overview
Fieldstone Credit Union is located in Bradley, IL. The organization was established in 1953. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Fieldstone Credit Union employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fieldstone Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Fieldstone Credit Union generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FIELDSTONE CREDIT UNION EXISTS TO MEET THE CHANGING FINANCIAL NEEDS OF OUR MEMBERSHIP BY PROVIDING FAIR AND COMPETITIVE SERVICES WHILE MAINTAINING LONG-TERM FINANCIAL SECURITY FOR THE CREDIT UNION AND ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIELDSTONE CREDIT UNION SERVES MEMBERS BY PROVIDING LOW COST FINANCIAL SERVICES SUCH AS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, TIME DEPOSITS AND LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Baron President | OfficerTrustee | 40 | $110,007 |
Kurt Ogg Chairperson | OfficerTrustee | 1 | $0 |
Demetra Proctor Secretary/tr | OfficerTrustee | 1 | $0 |
Leo Lewis Vice Chairpe | OfficerTrustee | 1 | $0 |
Trevor Alcorn Director | Trustee | 1 | $0 |
Wayne Delabre Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,846,155 |
| Investment income | $239,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,417,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $640,678 |
| Pension plan accruals and contributions | $52,287 |
| Other employee benefits | $72,275 |
| Payroll taxes | $51,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,498 |
| Office expenses | $77,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,108 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,933 |
| Interest | $41,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,037 |
| Insurance | $0 |
| All other expenses | $291,776 |
| Total functional expenses | $2,036,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $915,329 |
| Savings and temporary cash investments | $29,230,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,647,768 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $209,219 |
| Net Land, buildings, and equipment | $428,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,154 |
| Other assets | $761,498 |
| Total assets | $58,300,352 |
| Accounts payable and accrued expenses | $723,226 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,005,997 |
| Total liabilities | $51,729,223 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,571,129 |
| Total liabilities and net assets/fund balances | $58,300,352 |
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|---|---|---|
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Healthcare Associates Credit Union Naperville, IL | $470,519,753 | $19,024,406 |
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Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |
Kane County Teachers Credit Union Elgin, IL | $376,184,077 | $16,257,755 |
Via Credit Union Marion, IN | $517,398,165 | $18,473,040 |
First Northern Credit Union Chicago, IL | $376,782,772 | $14,919,062 |
Abri Credit Union Romeoville, IL | $405,514,463 | $14,619,681 |