Partnership Financial Credit Union

Organization Overview

Partnership Financial Credit Union is located in Morton Grove, IL. The organization was established in 1958. 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, Partnership Financial Credit Union employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership Financial 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, Partnership Financial Credit Union generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 6.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

STATE CHARTERED CREDIT UNION SERVING OVER 15,000 MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAINED OVER 28,300 DEPOSIT ACCOUNTS AND LOAN ACCOUNTS FOR MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cu Answers
Data Processing
$151,805
Midwest Architectural Millwork Desi
Millwork And Office Design
$141,725
View All Vendors

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$6,188,700
Investment income $2,242,582
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $31,518
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 $9,633,298

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