Skip to content
Nonprofiteer
← ASSOCIATED HEALTHCARE CREDIT UNION

Form 990 for tax year 2024

Filed by ASSOCIATED HEALTHCARE CREDIT UNION.

Totals

Total revenue
$8,823,252
Total expenses
$7,155,677
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,857,354
Investment income
$965,898
Other revenue
$0
Total assets, end of year
$162,580,704
Total liabilities, end of year
$142,412,697
Net assets or fund balances, end of year
$20,168,007
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST

    total $6,212,937 · related or exempt $6,212,937

  • 2b · Program service revenue: OTHER INCOME

    total $857,057 · related or exempt $857,057

  • 2c · Program service revenue: FEES/CHARGES

    total $787,360 · related or exempt $780,301 · unrelated business $7,059

  • 3 · Investment income

    total $965,898 · excluded $965,898

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,948,742

  • 5 · Compensation of officers, directors and key employees

    total $319,669

  • 7 · Other salaries and wages

    total $1,372,355

  • 8 · Pension plan contributions

    total $61,642

  • 9 · Other employee benefits

    total $94,611

  • 10 · Payroll taxes

    total $141,352

  • 11c · Fees: accounting

    total $49,739

  • 11g · Fees: other

    total $417,825

  • 13 · Office expenses

    total $1,316,607

  • 16 · Occupancy

    total $232,596

  • 17 · Travel

    total $27,866

  • 22 · Depreciation, depletion and amortization

    total $82,877

  • 24a · Other expenses: LOAN SERVICE EXPENSE

    total $414,050

  • 24b · Other expenses: EDUCATION/PROMOTION

    total $349,451

  • 24c · Other expenses: CREDIT LOSS PROVISION

    total $289,217

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $37,078

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500,753 · end of year $473,995

  • 2 · Savings and temporary cash investments

    beginning of year $11,781,053 · end of year $20,616,524

  • 7 · Other notes and loans receivable

    beginning of year $126,894,830 · end of year $124,554,579

  • 9 · Prepaid expenses and deferred charges

    beginning of year $272,930 · end of year $476,430

  • 10a · Land, buildings and equipment: cost or other basis

    $2,082,989

  • 10b · Land, buildings and equipment: accumulated depreciation

    $536,082

  • 10c · Land, buildings and equipment, net

    beginning of year $1,084,555 · end of year $1,546,907

  • 12 · Investments: other securities

    beginning of year $13,534,826 · end of year $12,445,852

  • 13 · Investments: program-related

    beginning of year $1,490,994 · end of year $1,460,463

  • 15 · Other assets

    beginning of year $958,610 · end of year $1,005,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,757 · end of year $553,300

  • 25 · Other liabilities

    beginning of year $138,258,381 · end of year $141,859,397

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $18,208,413 · end of year $20,168,007

Mission and programs · 2024

Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS".

  • THE CREDIT UNION PROVIDES A VARIETY OF DEPOSITORY SERVICES TO OUR MEMBERSHIP. WE HAD 12,457 MEMBER ACCOUNTS WITH DEPOSITS OF $141,859,397 AS OF DECEMBER 31, 2024.

  • THE CREDIT UNION PROVIDES A VARIETY OF LENDING SERVICES TO OUR MEMBERSHIP. WE HAD 8,135 LOANS OUTSTANDING AS OF DECEMBER 31, 2024 WITH BALANCES OF $125,233,577.

  • THE CREDIT UNION PROVIDES ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA ELECTRONIC BANKING, ATM NETWORK, SHARED BRANCHING, AND IN PERSON.

As filed on the 2024 return.

Listed in Part VII

  • Joe Clubb

    CHAIR

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patti Elliot-Allen

    VICE CHAIR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Linda Zdon

    SECRETARY

    Total calculated
    $350
    From this org
    $350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Corrine Kroehler

    DIRECTOR

    Total calculated
    $550
    From this org
    $550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Katina McDugle

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Nass

    DIRECTOR

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Candice Washington

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Theresa Malone

    CEO

    Total calculated
    $315,969
    From this org
    $270,070
    From related orgs
    $0
    Other
    $45,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,706
    Bonus
    $23,443
    Other
    $8,921
    Deferred
    $36,725
    Nontaxable benefits
    $9,174
    Filer's total
    $315,969

  • Chee Lee

    EXECUTIVE DIRECTOR OF FINANCE

    Total calculated
    $177,451
    From this org
    $160,624
    From related orgs
    $0
    Other
    $16,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,837
    Bonus
    $7,710
    Other
    $8,077
    Deferred
    $8,178
    Nontaxable benefits
    $8,649
    Filer's total
    $177,451

  • Julie Cash

    EXECUTIVE DIRECTOR OF BRANCH OPERATIONS

    Total calculated
    $175,715
    From this org
    $144,759
    From related orgs
    $0
    Other
    $30,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,085
    Bonus
    $6,966
    Other
    $5,708
    Deferred
    $7,433
    Nontaxable benefits
    $23,523
    Filer's total
    $175,715

  • Melissa Garcia

    EXECUTIVE DIRECTOR OF BRANCH SERVICES

    Total calculated
    $106,258
    From this org
    $100,579
    From related orgs
    $0
    Other
    $5,679
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543099349302104

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.