Totals
- Total revenue
- $29,777,395
- Total expenses
- $30,672,003
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $24,565,587
- Investment income
- $5,211,808
- Other revenue
- $0
- Total assets, end of year
- $542,967,604
- Total liabilities, end of year
- $495,707,773
- Net assets or fund balances, end of year
- $47,259,831
- 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: INTEREST INCOME FROM LOANS
total $22,286,094 · related or exempt $22,286,094
-
2b · Program service revenue: FEES AND CHARGES
total $2,279,493 · related or exempt $2,279,493
-
3 · Investment income
total $5,211,808 · related or exempt $5,211,808
-
6a · Gross rents
real property $10,054
-
6b · Less rental expenses
real property $10,054
-
6c · Rental income or loss
real property $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,566,343
-
7 · Other salaries and wages
total $8,068,865
-
8 · Pension plan contributions
total $600,771
-
9 · Other employee benefits
total $1,332,212
-
10 · Payroll taxes
total $711,338
-
11b · Fees: legal
total $39,055
-
11c · Fees: accounting
total $96,919
-
11g · Fees: other
total $138,841
-
12 · Advertising and promotion
total $339,006
-
13 · Office expenses
total $711,868
-
14 · Information technology
total $1,092,139
-
16 · Occupancy
total $1,235,032
-
19 · Conferences, conventions and meetings
total $170,438
-
20 · Interest
total $8,422,073
-
22 · Depreciation, depletion and amortization
total $1,570,733
-
24a · Other expenses: OPERATIONS
total $2,600,687
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $1,113,585
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $704,951
-
24d · Other expenses: SERVICE CENTER FEES
total $105,230
-
24e · All other expenses
total $51,917
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,792,066 · end of year $2,656,783
-
2 · Savings and temporary cash investments
beginning of year $31,503,425 · end of year $40,502,975
-
7 · Other notes and loans receivable
beginning of year $445,723,672 · end of year $451,460,910
-
9 · Prepaid expenses and deferred charges
beginning of year $1,119,288 · end of year $1,568,068
-
10a · Land, buildings and equipment: cost or other basis
$34,917,108
-
10b · Land, buildings and equipment: accumulated depreciation
$11,461,794
-
10c · Land, buildings and equipment, net
beginning of year $24,169,637 · end of year $23,455,314
-
12 · Investments: other securities
beginning of year $2,415,533 · end of year $6,968,875
-
15 · Other assets
beginning of year $19,528,458 · end of year $16,354,679
-
17 · Accounts payable and accrued expenses
beginning of year $5,036,389 · end of year $3,559,974
-
23 · Secured mortgages and notes payable
beginning of year $18,487,000 · end of year $499,000
-
25 · Other liabilities
beginning of year $455,733,460 · end of year $491,648,799
-
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 $47,995,230 · end of year $47,259,831
Mission and programs · 2024
Mission
TO PROVIDE SERVICES THAT ENABLE OUR MEMBERS TO ACHIEVE A LIFETIME OF FINANCIAL SUCCESS.
Activities or mission (Part I)
TO PROMOTE THRIFT AND PROVIDE LOW COST LOANS TO MEMBERS. THIS IS ACCOMPLISHED ON A CO-OPERATIVE BASIS FOR THE MUTUAL BENEFIT OF THOSE WITHIN THE MEMBERSHIP.
-
MAINTAIN SAVINGS ACCOUNTS FOR MEMBERS (TO PROMOTE THRIFT) AND OFFER LOANS TO MEMBERS AT LOW COST AND REASONABLE INTEREST RATES. THE CREDIT UNION HAD APPROXIMATELY 37,784 MEMBERS AT THE END OF THE YEAR.
As filed on the 2024 return.
Listed in Part VII
-
Joe MacharaJOE MACHARA
CHAIRMAN
- Total calculated
- $7,000
- From this org
- $7,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Walter GarbarczykWALTER GARBARCZYK
SECRETARY
- Total calculated
- $5,500
- From this org
- $5,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Lisa BeckLISA BECK
DIRECTOR
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Luis GonzalezLUIS GONZALEZ
DIRECTOR
- Total calculated
- $5,500
- From this org
- $5,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Lee LaneLEE LANE
DIRECTOR
- Total calculated
- $6,750
- From this org
- $6,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
James MackJAMES MACK
DIRECTOR
- Total calculated
- $6,750
- From this org
- $6,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Edward PetyoEDWARD PETYO
DIRECTOR
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Greg SalvatoreGREG SALVATORE
DIRECTOR
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Richard YoungRICHARD YOUNG
DIRECTOR
- Total calculated
- $6,750
- From this org
- $6,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Eugene NovelloEUGENE NOVELLO
PRESIDENT/CEO
- Total calculated
- $387,176
- From this org
- $342,068
- From related orgs
- $0
- Other
- $45,108
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $337,262
- Bonus
- $250
- Other
- $4,556
- Deferred
- $32,488
- Nontaxable benefits
- $12,620
- Filer's total
- $387,176
-
Cris Rizzo KratkoczkiCRIS RIZZO KRATKOCZKI
VP OF FINANCE
- Total calculated
- $155,209
- From this org
- $129,659
- From related orgs
- $0
- Other
- $25,550
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,409
- Bonus
- $250
- Other
- $0
- Deferred
- $12,596
- Nontaxable benefits
- $12,954
- Filer's total
- $155,209
-
John WilkeningJOHN WILKENING
EXECUTIVE VP, CHIEF BANKING OFFICER
- Total calculated
- $252,123
- From this org
- $204,373
- From related orgs
- $0
- Other
- $47,750
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,123
- Bonus
- $250
- Other
- $0
- Deferred
- $12,705
- Nontaxable benefits
- $35,045
- Filer's total
- $252,123
-
Eric RauchERIC RAUCH
SENIOR VP, CHIEF FINANCIAL OFFICER
- Total calculated
- $81,288
- From this org
- $73,099
- From related orgs
- $0
- Other
- $8,189
- Hours/week
- 40
-
Zachery HohulinZACHERY HOHULIN
VP OF INFORMATION TECHNOLOGY, CIO
- Total calculated
- $168,600
- From this org
- $159,710
- From related orgs
- $0
- Other
- $8,890
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,460
- Bonus
- $250
- Other
- $0
- Deferred
- $8,745
- Nontaxable benefits
- $145
- Filer's total
- $168,600
-
Roseann DennisROSEANN DENNIS
VP, CHIEF HUMAN RESOURCE OFFICER
- Total calculated
- $156,725
- From this org
- $110,173
- From related orgs
- $0
- Other
- $46,552
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $109,923
- Bonus
- $250
- Other
- $0
- Deferred
- $11,507
- Nontaxable benefits
- $35,045
- Filer's total
- $156,725
-
Michael CaseyMICHAEL CASEY
EXECUTIVE VP-PART YEAR
- Total calculated
- $310,473
- From this org
- $269,392
- From related orgs
- $0
- Other
- $41,081
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $269,392
- Bonus
- $0
- Other
- $0
- Deferred
- $18,012
- Nontaxable benefits
- $23,069
- Filer's total
- $310,473
-
Kim CarpenterKIM CARPENTER
CUMS MANAGER
- Total calculated
- $179,621
- From this org
- $163,941
- From related orgs
- $0
- Other
- $15,680
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,691
- Bonus
- $250
- Other
- $0
- Deferred
- $15,680
- Nontaxable benefits
- $0
- Filer's total
- $179,621
-
Donald McCormickDONALD MCCORMICK
VP OF COMMERICIAL LENDING
- Total calculated
- $180,409
- From this org
- $132,068
- From related orgs
- $0
- Other
- $48,341
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,818
- Bonus
- $250
- Other
- $0
- Deferred
- $13,296
- Nontaxable benefits
- $35,045
- Filer's total
- $180,409
-
Jill SandillaJILL SANDILLA
VP OF LENDING
- Total calculated
- $138,517
- From this org
- $125,386
- From related orgs
- $0
- Other
- $13,131
- Hours/week
- 40
-
Larry SchafferLARRY SCHAFFER
VP OF MARKETING -PART YEAR
- Total calculated
- $163,863
- From this org
- $147,905
- From related orgs
- $0
- Other
- $15,958
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,905
- Bonus
- $0
- Other
- $0
- Deferred
- $4,444
- Nontaxable benefits
- $11,514
- Filer's total
- $163,863
-
Lora SturtridgeLORA STURTRIDGE
VP OF INFORMATION TECHNOLOGY - PART YEAR
- Total calculated
- $145,007
- From this org
- $129,373
- From related orgs
- $0
- Other
- $15,634
- 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 survey or study
- 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.
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.
-
CREDIT UNION MORTGAGE SERVICES LLC
C · MORTGAGE ORIGINATION · IN · 100% owned · share of income -$34,323 · share of assets $1,956,676 · controlled entity
Directly controlled by TECH CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512119349301211
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