Riverside Community Credit Union

Organization Overview

Riverside Community Credit Union is located in Kankakee, IL. The organization was established in 1976. 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, Riverside Community Credit Union employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Community 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, Riverside Community Credit Union generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION PROVIDING QUALITY FINANCIAL SERVICES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CREDIT UNION MAKES AND SERVICES CONSUMER LOANS TO MEMBERS. TOTAL NUMBER OF LOANS OUTSTANDING, INCLUDING VISA ACCOUNTS AT 12/31/22 WAS 1,529 FOR A TOTAL OF $15,597,421.


CREDIT UNION PAYS OUT DIVIDENDS TO ITS MEMBERS SHARE DEPOSIT ACCOUNTS AT A MARKET RATE OF INTEREST. TOTAL NUMBER OF SHARE ACCOUNTS AT 12/31/2022 WAS 6,646 FOR A TOTAL OF $38,948,603.


OTHER FINANCIAL SERVICES PROVIDED TO OVER 4,000 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Melissa Bayston
Co-Ceo
$76,404
Stacey Shreffler
Co-Ceo
$69,958
Dale Tolly
Chairman
$0
Vern Mitchell
Vice Chairman
$0
Dick Diepeveen
Treasurer
$0
Ron Ruda
Secretary
$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$1,360,254
Investment income $406,990
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 $1,767,244

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First Northern Credit Union
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$14,919,062
Abri Credit Union
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