Totals
- Total revenue
- $10,306,039
- Total expenses
- $7,142,217
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,219,016
- Investment income
- $5,011,240
- Other revenue
- $75,783
- Total assets, end of year
- $184,636,638
- Total liabilities, end of year
- $160,007,717
- Net assets or fund balances, end of year
- $24,628,921
- Program services expenses (Part IX)
- $7,142,217
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,142,217
Program services were 100.0% 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.
-
2a · Program service revenue: LOAN INTEREST
total $2,987,010 · related or exempt $2,987,010
-
2b · Program service revenue: FEES AND SERVICE INCOME
total $2,232,006 · related or exempt $2,207,376 · unrelated business $24,630
-
3 · Investment income
total $5,011,240 · excluded $5,011,240
-
11a · Other revenue: OTHER
total $75,783 · excluded $75,783
-
11e · Other revenue, total
$75,783
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,031,153 · program services $2,031,153
-
8 · Pension plan contributions
total $63,659 · program services $63,659
-
9 · Other employee benefits
total $232,785 · program services $232,785
-
10 · Payroll taxes
total $146,582 · program services $146,582
-
11g · Fees: other
total $168,698 · program services $168,698
-
12 · Advertising and promotion
total $181,739 · program services $181,739
-
13 · Office expenses
total $217,575 · program services $217,575
-
16 · Occupancy
total $287,813 · program services $287,813
-
19 · Conferences, conventions and meetings
total $37,391 · program services $37,391
-
20 · Interest
total $1,709,956 · program services $1,709,956
-
22 · Depreciation, depletion and amortization
total $259,346 · program services $259,346
-
23 · Insurance
total $64,534 · program services $64,534
-
24a · Other expenses: SHARE EXPENSES
total $806,184 · program services $806,184
-
24b · Other expenses: EQUIPMENT EXPENSE
total $482,369 · program services $482,369
-
24c · Other expenses: PROVISION FOR LOAN LOSS
total $203,432 · program services $203,432
-
24d · Other expenses: OTHER
total $82,764 · program services $82,764
-
24e · All other expenses
total $166,237 · program services $166,237
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $847,738 · end of year $1,268,420
-
2 · Savings and temporary cash investments
beginning of year $10,311,523 · end of year $9,220,406
-
5 · Loans and receivables from officers and key people
beginning of year $216,554 · end of year $161,409
-
7 · Other notes and loans receivable
beginning of year $48,610,656 · end of year $49,716,621
-
9 · Prepaid expenses and deferred charges
beginning of year $363,509 · end of year $278,998
-
10a · Land, buildings and equipment: cost or other basis
$7,423,740
-
10b · Land, buildings and equipment: accumulated depreciation
$5,043,879
-
10c · Land, buildings and equipment, net
beginning of year $2,151,389 · end of year $2,379,861
-
12 · Investments: other securities
beginning of year $107,540,284 · end of year $115,448,532
-
15 · Other assets
beginning of year $6,389,296 · end of year $6,162,391
-
17 · Accounts payable and accrued expenses
beginning of year $165,931 · end of year $221,927
-
25 · Other liabilities
beginning of year $154,799,919 · end of year $159,785,790
-
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 $4,062,053 · end of year $4,310,127
-
31 · Retained earnings, endowment or other funds
beginning of year $17,403,046 · end of year $20,318,794
Mission and programs · 2025
Mission
THE CREDIT UNION ANTICIPATES AND PROVIDES FINANCIAL NEEDS, WANTS, AND GOALS FOR OUR MEMBER-OWNERS, INCLUDING VARIOUS LOANS AT REASONABLE RATES AND SAVINGS ACCOUNTS WITH A GOOD RETURN.
-
FIRST TRUST CREDIT UNION OFFERS ITS MEMBERS LOW COST CONSUMER LOANS AND COMPETITIVE RATES ON REGULAR SAVINGS, CERTIFICATES OF DEPOSITS, IRA'S, MONEY MARKETS, AND CLUB ACCOUNTS,
Expenses $7,142,217
As filed on the 2025 return.
Listed in Part VII
-
LINDA BECHINSKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
JOHN HENDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES MINK
TREASURER & VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BOB TILLEMA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
JUDY WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KATHRYN HARROW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PAMELA JENKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KIM KNIOLA
CEO
- Total calculated
- $211,551
- From this org
- $211,551
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,551
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $211,551
-
DAN RAJSIC
CFO
- Total calculated
- $89,375
- From this org
- $89,375
- From related orgs
- $0
- Other
- $0
- 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 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- A COMMITTEE OF THE BOARD USES COMPEASE TO GATHER COMPENSATION COMPARATIVES TO CREATE AN EMPLOYMENT CONTRACT THAT IS APPROVED BY THE BOARD OF DIRECTORS.
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
- 2025
- Filed
- 9 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202631619349300738
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