Dupage Credit Union
- Assets
- $557.3m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 151
- Location
- Naperville, IL
- Founding
- 01/1956
- Data as of
- 12/2021
- EIN
- 36-2499724
Organization Overview
Dupage Credit Union is located in Naperville, IL. The organization was established in 1956. 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, Dupage Credit Union employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dupage 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, Dupage Credit Union generated $27.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $24.7m during the year ending 12/2021. While expenses have increased by 8.7% 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
AS A COOPERATIVE, WE OFFER FINANCIAL PRODUCTS AND SERVICES TO ENHANCE THE ECONOMIC WELL-BEING OF OUR MEMBERS NOW AND INTO THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CHECKING ACCOUNTS TO OVER 16,000 MEMBERS.
PROVIDED FIRST AND SECOND MORTGAGE LOANS TO OVER 5,000 MEMBERS.
RECEIVED DEPOSITS ON SAVINGS FROM OVER 41,500 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Shelton President/ceo | Officer | 50 | $374,944 |
Roberta Kozlowicz Executive Vice President/cso | Officer | 50 | $300,566 |
Frank Sposito Chief Information Officer | Officer | 50 | $201,926 |
Susanne Welsh Senior Vice President | Officer | 50 | $192,756 |
John Dumas Chief Financial Officer | Officer | 50 | $160,415 |
Amy Brandt Senior Vice President | 50 | $143,153 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Solutions Data Transaction Processing | 12/30/21 | $1,530,790 |
Cdw Direct Llc Data Processing Hardware | 12/30/21 | $245,409 |
Freese And Associates Property Appraisal | 12/30/21 | $188,665 |
Endurance Dealer Services Auto Services | 12/30/21 | $230,786 |
Meridianlink Lending Technology | 12/30/21 | $219,144 |
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 | $22,675,688 |
| Investment income | $1,771,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,300 |
| Net Gain/Loss on Asset Sales | $3,302,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,754,068 |
| 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. | $1,863,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,783,789 |
| Pension plan accruals and contributions | $222,560 |
| Other employee benefits | $1,314,923 |
| Payroll taxes | $678,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,085 |
| Fees for services: Accounting | $49,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,629 |
| Advertising and promotion | $529,572 |
| Office expenses | $893,830 |
| Information technology | $958,240 |
| Royalties | $0 |
| Occupancy | $583,747 |
| Travel | $35,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,855 |
| Interest | $276,720 |
| Payments to affiliates | $42,438 |
| Depreciation, depletion, and amortization | $929,575 |
| Insurance | $458,310 |
| All other expenses | $1,827,825 |
| Total functional expenses | $24,659,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,823,785 |
| Savings and temporary cash investments | $65,929,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,174,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $333,397,818 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,711,324 |
| Net Land, buildings, and equipment | $8,045,289 |
| Investments—publicly traded securities | $120,451,029 |
| Investments—other securities | $0 |
| Investments—program-related | $2,300,100 |
| Intangible assets | $0 |
| Other assets | $20,430,421 |
| Total assets | $557,263,458 |
| Accounts payable and accrued expenses | $3,711,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $479,495 |
| 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 | $511,847,945 |
| Total liabilities | $516,038,770 |
| 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 | $41,224,688 |
| Total liabilities and net assets/fund balances | $557,263,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beacon Credit Union Wabash, IN | $1,514,735,601 | $47,143,377 |
Vibrant Credit Union Moline, IL | $1,061,532,656 | $50,336,419 |
Indiana University Credit Union Bloomington, IN | $1,349,340,515 | $48,794,263 |
Andigo Credit Union Schaumburg, IL | $850,101,906 | $43,497,190 |
1st Midamerica Credit Union Bethalto, IL | $860,013,719 | $45,661,014 |
Great Lakes Credit Union Bannockburn, IL | $1,045,676,236 | $50,981,092 |
Financial Center First Credit Union Indianapolis, IN | $817,315,000 | $38,154,429 |
Hoosier Hills Credit Union Bedford, IN | $808,986,869 | $33,438,671 |
Dutrac Community Credit Union Dubuque, IA | $980,523,751 | $36,287,980 |
Numark Credit Union Joliet, IL | $604,429,082 | $32,569,723 |
Dupage Credit Union Naperville, IL | $557,263,458 | $27,754,068 |
Abbott Laboratories Employer Credit Union Gurnee, IL | $1,021,053,305 | $27,617,158 |