Dupage Credit Union
- Assets
- $581.7m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 153
- Location
- Naperville, IL
- Founding
- 01/1956
- Data as of
- 12/2022
- 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 12/2022, Dupage Credit Union employed 153 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 12/2022, Dupage Credit Union generated $30.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $28.1m during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 8 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
2022
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 43,000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Shelton President/ceo | Officer | 50 | $404,611 |
Roberta Kozlowicz Executive Vice President/cso | Officer | 50 | $307,722 |
Frank Sposito Chief Information Officer | Officer | 50 | $207,207 |
Susanne Welsh Senior Vice President | Officer | 50 | $198,042 |
Amy Brandt Senior Vice President | Officer | 50 | $159,729 |
John Dumas Chief Financial Officer | Officer | 50 | $167,791 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Solutions Data Transaction Processing | 12/30/22 | $1,517,066 |
Lockton Companies Insurance Brokerage | 12/30/22 | $365,804 |
Jack Henry & Associates Computer Software | 12/30/22 | $271,912 |
Meridianlink Lending Technology | 12/30/22 | $246,804 |
Kenneth J Sole & Associates Computer Consulting | 12/30/22 | $242,283 |
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 | $27,553,162 |
| Investment income | $2,935,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,600 |
| Net Gain/Loss on Asset Sales | $245,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,736,632 |
| 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. | $2,096,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,488,878 |
| Pension plan accruals and contributions | $254,926 |
| Other employee benefits | $1,127,293 |
| Payroll taxes | $747,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,420 |
| Fees for services: Accounting | $61,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $347,397 |
| Advertising and promotion | $502,414 |
| Office expenses | $1,033,821 |
| Information technology | $978,145 |
| Royalties | $0 |
| Occupancy | $660,623 |
| Travel | $32,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,194 |
| Interest | $764,904 |
| Payments to affiliates | $57,321 |
| Depreciation, depletion, and amortization | $881,809 |
| Insurance | $404,045 |
| All other expenses | $2,092,246 |
| Total functional expenses | $28,120,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,615,846 |
| Savings and temporary cash investments | -$8,055,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,985,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $432,687,030 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,363,107 |
| Net Land, buildings, and equipment | $8,508,117 |
| Investments—publicly traded securities | $116,399,083 |
| Investments—other securities | $0 |
| Investments—program-related | $2,470,100 |
| Intangible assets | $0 |
| Other assets | $20,741,712 |
| Total assets | $581,714,800 |
| Accounts payable and accrued expenses | $40,470,332 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $426,061 |
| 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 | $507,959,219 |
| Total liabilities | $548,855,612 |
| 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 | $32,859,188 |
| Total liabilities and net assets/fund balances | $581,714,800 |