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BAXTER CREDIT UNION

EIN 23-7250155 VERNON HILLS, IL

Largest nonprofits in Illinois

Revenue 2025
$507,368,239
Expenses 2025
$463,088,731

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
14
NTEE code
W61
Classification
1000
Street
340 N MILWAUKEE AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

The organization is a full service, state-chartered credit union providing a broad range of loan and deposit products and other financial services to it members located throughout the US and Puerto Rico using various channels including branches, a call center, and the internet.

Activities or mission (Part I)

The organization is a full service, state-chartered credit union providing a broad range of loan and deposit products and other financial services to its members located throughout the US and Puerto Rico using various channels including branches, a call center, and the internet.

  • Provided 6,613 first mortgages for $2,192,766,876

  • Provided 232,647 member loans for $5,144,180,564

  • Offered loans, deposits, and other financial services to 368,252 members

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Michael Valentine

    President, CEO and Treasurer

    Total calculated
    $1,995,776
    From this org
    $1,995,776
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,995,776
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,995,776
  • James Block

    EVP/Chief Operating Officer

    Total calculated
    $948,115
    From this org
    $948,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $948,115
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $948,115
  • Carl Presto

    EVP/CFO

    Total calculated
    $937,823
    From this org
    $937,823
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $937,823
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $937,823
  • David Blum

    EVP Corporate Relationships and US Service Centers

    Total calculated
    $841,731
    From this org
    $841,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $841,731
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $841,731
  • Lisa Baron

    EVP/CHRO

    Total calculated
    $785,721
    From this org
    $785,721
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $785,721
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $785,721
  • Edwin T Watson

    Wealth Advisor

    Total calculated
    $569,567
    From this org
    $569,567
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $569,567
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $569,567
  • Scott Zulpo

    EVP/CIO

    Total calculated
    $528,026
    From this org
    $528,026
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $528,026
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $528,026
  • John Anderson

    Investment Advisors

    Total calculated
    $508,116
    From this org
    $508,116
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,116
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $508,116
  • David Brydun

    SVP/Chief Lending Officer

    Total calculated
    $495,295
    From this org
    $495,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,295
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $495,295
  • Dan Parsons

    SVP US Service Centers

    Total calculated
    $494,917
    From this org
    $494,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $494,917
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $494,917
  • Jill Sammons

    SVP/Marketing and Brand Strategy

    Total calculated
    $493,277
    From this org
    $493,277
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,277
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $493,277
  • Kerriann Mills

    EVP/Chief Legal Officer

    Total calculated
    $468,989
    From this org
    $468,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $468,989
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $468,989
  • Kristi Mertens

    Managing Director, Wealth Advisors

    Total calculated
    $453,519
    From this org
    $453,519
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,519
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $453,519
  • Heather Wright

    Wealth Advisors

    Total calculated
    $421,485
    From this org
    $421,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,485
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $421,485
  • Brian Farrissey

    Wealth Advisor

    Total calculated
    $409,433
    From this org
    $409,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $409,433
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $409,433
  • Charles Smith

    SVP/Controller

    Total calculated
    $405,108
    From this org
    $405,108
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $405,108
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $405,108
  • Bhavna Guglani

    SVP, Chief Digital Officer

    Total calculated
    $402,655
    From this org
    $402,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,655
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $402,655
  • Stephenie Southard

    SVP/CISO

    Total calculated
    $399,683
    From this org
    $399,683
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,683
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $399,683
  • Maria Garcia

    SVP/Member Operations

    Total calculated
    $376,230
    From this org
    $376,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,230
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $376,230
  • Patty Mitchell

    VP of Compensation

    Total calculated
    $352,835
    From this org
    $352,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,835
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $352,835
  • Brett Engel

    VP, Finance and Risk

    Total calculated
    $342,840
    From this org
    $342,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,840
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $342,840
  • Joe McCarthy

    VP, Real Estate Lending

    Total calculated
    $334,506
    From this org
    $334,506
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,506
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $334,506
  • Davi Allen

    VP, Consumer Lending

    Total calculated
    $332,277
    From this org
    $332,277
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,277
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $332,277
  • Jordan Mueller

    VP, Program Delivery

    Total calculated
    $321,812
    From this org
    $321,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,812
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $321,812
  • John Sahagian

    VP

    Total calculated
    $319,209
    From this org
    $319,209
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,209
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $319,209

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $507,368,239
    Expenses
    $463,088,731
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $482,765,408
    Expenses
    $459,652,967
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $443,875,303
    Expenses
    $404,556,766
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $443,875,303
    Expenses
    $404,556,766
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $350,442,030
    Expenses
    $293,104,697
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $316,168,145
    Expenses
    $240,408,034
    Assets (EOY)
    $5,072,223,238
  • 2020 · 990

    Revenue
    $274,030,926
    Expenses
    $239,877,914
    Assets (EOY)
    $4,476,609,953
  • 2019 · 990

    Revenue
    $268,990,676
    Expenses
    $227,921,476
    Assets (EOY)
    $3,921,954,593
  • 2018 · 990

    Revenue
    $238,305,161
    Expenses
    $203,333,006
    Assets (EOY)
    $3,483,954,445
  • 2017 · 990

    Revenue
    $192,716,840
    Expenses
    $164,439,417
    Assets (EOY)
    $2,947,983,587
  • 2016 · 990

    Revenue
    $165,334,018
    Expenses
    $136,780,152
    Assets (EOY)
    $2,629,405,006
  • 2015 · 990

    Revenue
    $149,320,698
    Expenses
    $120,701,174
    Assets (EOY)
    $2,358,314,772
  • 2014 · 990

    Revenue
    $133,812,942
    Expenses
    $106,360,927
    Assets (EOY)
    $2,107,750,565
  • 2013 · 990

    Revenue
    $132,003,801
    Expenses
    $103,875,950
    Assets (EOY)
    $1,861,645,685
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $105,921,537
    Assets (EOY)
    $1,778,825,531

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2025 return

  • BCU Wealth Advisors LLC

    Financial Advisors · IL · income $1,297,152 · assets $1,737,800

  • Life Money You LLC

    Financial Well-Being · IL · income -$772,801 · assets -$626,680

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.