Totals
- Total revenue
- $20,715,177
- Total expenses
- $3,599,860
- Contributions and grants received
- $2,004,482
- Grants paid
- $120,779
- Program service revenue
- $755,728
- Investment income
- $17,954,967
- Other revenue
- $0
- Total assets, end of year
- $28,538,938
- Total liabilities, end of year
- $1,122,587
- Net assets or fund balances, end of year
- $27,416,351
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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.
-
1b · Membership dues
$2,004,482
-
2a · Program service revenue: CREDIT UNION TRAINING
total $121,588 · related or exempt $121,588
-
2b · Program service revenue: CONVENTION REVENUE
total $383,261 · excluded $383,261
-
2c · Program service revenue: CREDIT UNION FEES
total $107,709 · related or exempt $107,709
-
2d · Program service revenue: MANAGEMENT FEES
total $143,170 · related or exempt $143,170
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,269,909 · excluded $1,269,909
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $35,329,401
-
7b · Less cost or other basis and sales expenses
securities $18,644,343
-
7c · Gain or loss
securities $16,685,058 · other assets $0
-
7d · Net gain or loss
total $16,685,058 · excluded $16,685,058
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $120,779
-
5 · Compensation of officers, directors and key employees
total $1,005,004
-
7 · Other salaries and wages
total $971,031
-
8 · Pension plan contributions
total $86,751
-
9 · Other employee benefits
total $69,993
-
10 · Payroll taxes
total $104,024
-
11a · Fees: management
total $107,491
-
11b · Fees: legal
total $15,454
-
11c · Fees: accounting
total $25,465
-
11g · Fees: other
total $26,226
-
12 · Advertising and promotion
total $137,312
-
13 · Office expenses
total $69,528
-
16 · Occupancy
total $95,596
-
17 · Travel
total $97,479
-
19 · Conferences, conventions and meetings
total $291,014
-
23 · Insurance
total $17,523
-
24a · Other expenses: CREDIT UNION TRAINING
total $85,623
-
24b · Other expenses: OTHER STAFF EXPENSES
total $60,085
-
24c · Other expenses: BOARD OF DIRECTORS EXPENSE
total $43,456
-
24d · Other expenses: OTHER OPERATING EXPENSES
total $170,026
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,024 · end of year $2,300,978
-
2 · Savings and temporary cash investments
beginning of year $7,698,372 · end of year $22,657,012
-
4 · Accounts receivable
beginning of year $25,385 · end of year $33,865
-
5 · Loans and receivables from officers and key people
beginning of year $1,718,543 · end of year $1,751,195
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $100,580 · end of year $150,546
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $1,426,633 · end of year $1,422,812
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $324,716 · end of year $222,530
-
17 · Accounts payable and accrued expenses
beginning of year $515,010 · end of year $306,412
-
19 · Deferred revenue
beginning of year $655,678 · end of year $765,534
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $123,087 · end of year $50,641
-
27 · Net assets without donor restrictions
beginning of year $10,005,478 · end of year $27,416,351
Mission and programs · 2024
Mission
TO PROMOTE THE CREDIT UNION MOVEMENT AND PROVIDE SERVICES TO MEMBER CREDIT UNIONS.
Activities or mission (Part I)
To Provide Services to Member Credit Unions.
-
CREDIT UNION TRAINING - PROVIDE EDUCATIONAL SEMINARS AND CONFERENCES ON FINANCIAL SERVICES OPERATIONS, MANAGEMENT, AND OTHER TOPICS AIMED AT IMPROVING MEMBER CREDIT UNION SERVICES AND MANAGEMENT.
-
PROMOTIONAL AND SUPPORT PROGRAMS - PROVIDE PUBLICITY AND PROMOTIONAL SUPPORT FOR APPROXIMATELY 120 MEMBER CREDIT UNIONS AND CONDUCT PROGRAMS ON GOVERNMENTAL AFFAIRS.
As filed on the 2024 return.
Listed in Part VII
-
Amy SinkAMY SINK
BOARD CHAIRWOMAN (BEG 10/4/24)
- Total calculated
- $0
- Hours/week
- 1
-
Bryan PriceBRYAN PRICE
BOARD SECRETARY (BEG 10/4/24)
- Total calculated
- $0
- Hours/week
- 1
-
Cari PalmerCARI PALMER
VICE CHAIRMAN (BEG 10/4/24)
- Total calculated
- $0
- Hours/week
- 1
-
Jill BanningJILL BANNING
BOARD TREASURER (BEG 10/4/24)
- Total calculated
- $0
- Hours/week
- 1
-
Andy MattinglyANDY MATTINGLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brett RinkerBRETT RINKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason FordJASON FORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen MadryKAREN MADRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nina BakerNINA BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris BeaumontCHRIS BEAUMONT
EVP LEAGUE SERVICES & ADVOCACY
- Total calculated
- $288,673
- From this org
- $248,538
- From related orgs
- $0
- Other
- $40,135
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $202,218
- Bonus
- $39,433
- Other
- $6,887
- Deferred
- $19,332
- Nontaxable benefits
- $20,803
- Filer's total
- $288,673
-
John McKenzieJOHN MCKENZIE
PRESIDENT/CEO
- Total calculated
- $716,331
- From this org
- $676,107
- From related orgs
- $0
- Other
- $40,224
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $513,965
- Bonus
- $137,757
- Other
- $24,385
- Deferred
- $27,600
- Nontaxable benefits
- $12,624
- Filer's total
- $716,331
-
Trish McCormickTRISH MCCORMICK
SVP/CFO
- Total calculated
- $250,601
- From this org
- $0
- From related orgs
- $221,744
- Other
- $28,857
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $175,540 related
- Bonus
- $0 + $40,833 related
- Other
- $0 + $5,371 related
- Deferred
- $0 + $17,310 related
- Nontaxable benefits
- $0 + $11,547 related
- Filer's total
- $0 + $250,601 related
-
Carrie SummersCARRIE SUMMERS
VP-ADVOCACY
- Total calculated
- $127,559
- From this org
- $117,436
- From related orgs
- $0
- Other
- $10,123
- Hours/week
- 50
-
Dave Hawkins
VP LEAGUE & REG. ANALYSIS
- Total calculated
- $221,128
- From this org
- $194,723
- From related orgs
- $0
- Other
- $26,405
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $138,224
- Bonus
- $49,292
- Other
- $7,207
- Deferred
- $15,001
- Nontaxable benefits
- $11,404
- Filer's total
- $221,128
-
Kay NeidlingerKAY NEIDLINGER
VP-COMMUNICATIONS
- Total calculated
- $130,827
- From this org
- $120,607
- From related orgs
- $0
- Other
- $10,220
- Hours/week
- 50
-
Michelle Carrerra
Sr Consultant
- Total calculated
- $120,276
- From this org
- $111,252
- From related orgs
- $0
- Other
- $9,024
- 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 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- THE ORGANIZATION HAS A SECTION 457(F) PLAN SETUP FOR CHRIS BEAUMONT. THERE WERE NO CONTRIBUTIONS MADE TO THE PLAN DURING 2024. THE FIRST VESTING DATE OF THE PLAN IS 2026.
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
-
$118,468
Operating Grant
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ICUL SERVICES CORPORATION
C Corporation · CREDIT UNION SERVICES · IN · share of income $3,261,324 · share of assets $1,533,686 · controlled entity
Directly controlled by ICUL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202513119349303751
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