Adm Credit Union
- Assets
- $0.0
- Revenue
- $178.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Decatur, IL
- Founding
- 07/2001
- Data as of
- 03/2022
- EIN
- 37-0769914
Organization Overview
Adm Credit Union is located in Decatur, IL. The organization was established in 2001. 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 03/2022, Adm Credit Union employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adm 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 03/2022, Adm Credit Union generated $178.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $193.0k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 8 years. 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
ADM CREDIT UNION WAS ORGANIZED TO MEET THE FINANCIAL NEEDS OF EMPLOYEES OF THE COMPANY. IT IS MEMBER OWNED AND IS OPERATED BY A VOLUNTEER BOARD OF DIRECTORS ELECTED BY THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CREDIT UNION SERVICES IN EXCESS OF 3,100 MEMBER SHARE TYPE ACCOUNTS AND 660 LOAN ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Wildman Treasurer | OfficerTrustee | 40 | $22,391 |
Lance Forster Vice Chairman | Trustee | 1 | $0 |
Kevin Besser Chairman | Trustee | 1 | $0 |
Joseph Erwin Director | Trustee | 1 | $0 |
Patricia Cain Director | Trustee | 1 | $0 |
Chad Moore Director | 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 | $166,836 |
| Investment income | $11,603 |
| 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 | $178,439 |
| 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. | $28,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,970 |
| Pension plan accruals and contributions | $4,072 |
| Other employee benefits | $16,671 |
| Payroll taxes | $4,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37 |
| Fees for services: Accounting | $7,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449 |
| Advertising and promotion | $701 |
| Office expenses | $20,488 |
| Information technology | $13,111 |
| Royalties | $0 |
| Occupancy | $10,522 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,388 |
| Insurance | $2,220 |
| All other expenses | $1,123 |
| Total functional expenses | $192,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
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