Totals
- Total revenue
- $24,499,429
- Total expenses
- $23,650,396
- Contributions and grants received
- $331,642
- Grants paid
- $0
- Program service revenue
- $19,341,791
- Investment income
- $1,925,648
- Other revenue
- $2,900,348
- Total assets, end of year
- $364,563,300
- Total liabilities, end of year
- $327,812,474
- Net assets or fund balances, end of year
- $36,750,826
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$331,642
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: INCOME ON LOANS
total $14,024,515 · related or exempt $14,024,515 · unrelated business $0 · excluded $0
-
2b · Program service revenue: FEES CHARGES OTHER INCOME
total $5,264,627 · related or exempt $5,264,627 · unrelated business $0 · excluded $0
-
2c · Program service revenue: FINANCE & INSURANCE
total $52,649 · related or exempt $0 · unrelated business $52,649 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,838,198 · related or exempt $1,838,198 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $38,605 · personal property $0
-
6b · Less rental expenses
real property $39,856 · personal property $0
-
6c · Rental income or loss
real property -$1,251 · personal property $0
-
6d · Net rental income or loss
total -$1,251 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $424,692
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $337,242
-
7c · Gain or loss
securities $0 · other assets $87,450
-
7d · Net gain or loss
total $87,450 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: FV MERGER ADJUST ON PROPERTY
total $2,867,525 · related or exempt $2,867,525 · unrelated business $0 · excluded $0
-
11b · Other revenue: MERGER ADJUSTMENT LATVIAN
total $34,074 · related or exempt $34,074 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,901,599
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $688,119 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $5,787,429 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $190,585 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,130,327 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $560,453 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $127,141 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $504,788 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $530,483 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $1,010,564 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $908,608 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $719,574 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $130,538 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $117,459 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $3,134,537 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,393,713 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $52,340 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: CREDIT LOSS EXPENSE
total $3,754,105 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: CARD SERVOCES
total $1,523,349 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: LOAN SERVICING EXPENSE
total $971,008 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: ARMORED CAR SERVICES
total $101,671 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $313,605 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,527,893 · end of year $4,294,920
-
2 · Savings and temporary cash investments
beginning of year $17,761,961 · end of year $33,255,022
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $467,042 · end of year $26,004
-
5 · Loans and receivables from officers and key people
beginning of year $1,419,771 · end of year $2,078,529
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $175,311,931 · end of year $279,268,588
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $357,415 · end of year $220,910
-
10a · Land, buildings and equipment: cost or other basis
$17,896,174
-
10b · Land, buildings and equipment: accumulated depreciation
$7,586,517
-
10c · Land, buildings and equipment, net
beginning of year $8,093,840 · end of year $10,309,657
-
11 · Investments: publicly traded securities
beginning of year $8,097,180 · end of year $15,317,833
-
12 · Investments: other securities
beginning of year $3,980,697 · end of year $3,258,274
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $72,588 · end of year $5,179,831
-
15 · Other assets
beginning of year $6,225,584 · end of year $11,353,732
-
17 · Accounts payable and accrued expenses
beginning of year $2,256,791 · end of year $3,393,884
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $201,816,296 · end of year $324,418,590
-
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 $20,242,815 · end of year $36,750,826
Mission and programs · 2024
Mission
IGNITE CREDIT UNION WAS FOUNDED UPON THE SEVEN COOPERATIVE PRINCIPLES BASED IN THE PHILOSOPHY OF COOPERATION AND THE CENTRAL VALUES OF EQUALITY EQUITY AND MUTUAL SELF-HELP. IGNITE CREDIT UNIONS MISSION STATEMENT ILLUSTRATES THE BROTHERHOOD OF MAN THROUGH PEOPLE WORKING TOGETHER TO ACHIEVE A BETTER LIFE FOR THEMSELVES AND THEIR COMMUNITY.
Activities or mission (Part I)
IGNITE CREDIT UNIONS MISSION IS TO PROVIDE QUALITY FINANCIAL SERVICES THAT WILL IMPROVE AND MAKE A DIFFERENCE IN THE LIVES OF OUR MEMBERS.
-
INCOME FROM CREDIT UNIONS MEMBERSHIP AND FROM INVESTMENT OF MEMBERS FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.
As filed on the 2024 return.
Listed in Part VII
-
D HicksD HICKS
DIRECTOR CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
S EllisS ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
M DutcherM DUTCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
F HetherwickF HETHERWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J KirkpatrickJ KIRKPATRICK
DIRECTOR SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
G GolembiewskiG GOLEMBIEWSKI
DIRECTOR VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
J MaesJ MAES
DIRECTOR TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
M WallaceM WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J RattiJ RATTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
A HartmanA HARTMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
S CobbS COBB
PRESIDENT
- Total calculated
- $302,621
- From this org
- $256,498
- From related orgs
- $0
- Other
- $46,123
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,544
- Bonus
- $16,954
- Other
- $12,000
- Deferred
- $21,056
- Nontaxable benefits
- $25,067
- Filer's total
- $302,621
-
K LewisK LEWIS
CEO
- Total calculated
- $233,862
- From this org
- $203,928
- From related orgs
- $0
- Other
- $29,934
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,401
- Bonus
- $9,898
- Other
- $0
- Deferred
- $9,311
- Nontaxable benefits
- $25,026
- Filer's total
- $151,636
-
W HeppeW HEPPE
VP HR - STAFF DEVELOPMENT
- Total calculated
- $166,496
- From this org
- $127,421
- From related orgs
- $0
- Other
- $39,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,814
- Bonus
- $10,314
- Other
- $4,800
- Deferred
- $16,544
- Nontaxable benefits
- $13,390
- Filer's total
- $233,862
-
D SlavensD SLAVENS
VP IT
- Total calculated
- $155,350
- From this org
- $143,843
- From related orgs
- $0
- Other
- $11,507
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,943
- Bonus
- $10,477
- Other
- $0
- Deferred
- $11,066
- Nontaxable benefits
- $28,009
- Filer's total
- $166,495
-
J TangeJ TANGE
VP OPERATIONS
- Total calculated
- $150,785
- From this org
- $129,676
- From related orgs
- $0
- Other
- $21,109
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,171
- Bonus
- $10,673
- Other
- $0
- Deferred
- $11,507
- Nontaxable benefits
- $0
- Filer's total
- $155,351
-
J AddingtonJ ADDINGTON
VP RETAIL
- Total calculated
- $153,844
- From this org
- $123,610
- From related orgs
- $0
- Other
- $30,234
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,676
- Bonus
- $0
- Other
- $0
- Deferred
- $6,277
- Nontaxable benefits
- $14,742
- Filer's total
- $150,695
-
A NashA NASH
VP RISK MANAGEMT
- Total calculated
- $137,108
- From this org
- $126,319
- From related orgs
- $0
- Other
- $10,789
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $108,006
- Bonus
- $9,354
- Other
- $6,250
- Deferred
- $10,408
- Nontaxable benefits
- $19,826
- Filer's total
- $153,844
-
J RoodJ ROOD
VP ACCOUNTING FINANCE
- Total calculated
- $151,636
- From this org
- $117,298
- From related orgs
- $0
- Other
- $34,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,648
- Bonus
- $9,671
- Other
- $0
- Deferred
- $10,219
- Nontaxable benefits
- $569
- Filer's total
- $137,107
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
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 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)
- Part I & Part II
- | PartandLinenumber:,Explanation:| Part I Line 4,THE CREDIT UNION ENTERED INTO COLLATERAL ASSIGNED SPLIT DOLLAR AGREEMENTS WITH S. COBB CEO AND J. ROOD SVP ACCOUNTING FINANCE. THE AGREEMENTS INVOLVE A METHOD OF PAYING FOR INSURANCE COVERAGE BY SPLITTING THE ELEMENTS OF THE LIFE INSURANCE POLICIES. UNDER THESE AGREEMENTS THE EXECUTIVES ARE OWNERS OF THE POLICIES AND MAKE COLLATERAL ASSIGNMENTS TO THE CREDIT UNION IN RETURN FOR LOANS EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVES PLUS ACCRUED INTEREST AT A SPECIFIC RATE. AT THE TIME OF DEATH THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFITS WILL BE PAID TO THE EXECUTIVES DESIGNATED BENEFICIARIES.|
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
- 17 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202543219349310714
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