Pontiac-Dwight Prison Employees Cr Un
- Assets
- $7.5m
- Revenue
- $176.7k
- Investments
- $503.6k
- Employees
- 4
- Location
- Pontiac, IL
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 36-6062613
Organization Overview
Pontiac-Dwight Prison Employees Cr Un is located in Pontiac, IL. The organization was established in 1964. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Pontiac-Dwight Prison Employees Cr Un employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pontiac-Dwight Prison Employees Cr Un 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 12/2023, Pontiac-Dwight Prison Employees Cr Un generated $176.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $165.3k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONSUMER LOANS TO 262 MEMBERS
RECEIVED DEPOSITS ON SAVINGS FROM 1,025 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Johnson Loan Officer/credit Committee | OfficerTrustee | 33.75 | $40,266 |
Joan Bull Membership Committee Chair | Trustee | 6.25 | $5,888 |
Leora Powley Manager/treasuer | Trustee | 1 | $0 |
Ed Vilt Chairman Of The Board | Trustee | 1 | $0 |
Shawn Farrar Vice Chairman | Trustee | 1 | $0 |
Lisa Lambert Supervisory Committee Member | 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 | $94,191 |
| Investment income | $82,512 |
| 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 | $176,703 |
| 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. | $40,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,316 |
| Information technology | $3,698 |
| Royalties | $0 |
| Occupancy | $7,307 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,038 |
| All other expenses | $195 |
| Total functional expenses | $165,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,086 |
| Savings and temporary cash investments | $4,037,352 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,795,191 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,972 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $503,609 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,513 |
| Total assets | $7,531,723 |
| Accounts payable and accrued expenses | $2,499 |
| 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 | $6,706,160 |
| Total liabilities | $6,708,659 |
| 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 | $823,064 |
| Total liabilities and net assets/fund balances | $7,531,723 |