Central Credit Union Of Illinois
EIN: 361250580 · Bellwood, IL · NTEE: W61
Is Central Credit Union Of Illinois Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Central Credit Union Of Illinois
Central Credit Union Of Illinois (EIN: 361250580) is a nonprofit organization based in Bellwood, IL, classified under NTEE code W61. The organization reported total revenue of $10.1M and total assets of $121.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Credit Union Of Illinois's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Credit Union Of Illinois is a large nonprofit that has been operating for 7 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$934K |
| Total Assets | $116.9M |
| Total Liabilities | $104.5M |
| Net Assets | $12.3M |
| Operating Margin | 15.5% |
| Debt-to-Asset Ratio | 89.4% |
| Months of Reserves | 276.5 months |
Financial Health Grade: A
In 2023, Central Credit Union Of Illinois reported a surplus of $934K with revenue exceeding expenses, holds 276.5 months of operating reserves (strong position), has a debt-to-asset ratio of 89.4% (high leverage).
Financial Trends
Over 10 years of filings (2012–2023), Central Credit Union Of Illinois's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +13.8% | -4.5% |
| 2022 | +32.4% | +5.8% | +4.1% |
| 2021 | -6.1% | -4.1% | +7.5% |
| 2020 | -6.4% | +0.5% | +14.0% |
| 2019 | +4.5% | +1.8% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Central Credit Union Of Illinois has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Credit Union Of Illinois with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $934K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.4%.
Frequently Asked Questions about Central Credit Union Of Illinois
Is Central Credit Union Of Illinois a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Credit Union Of Illinois (EIN: 361250580) insufficient data. 0 red flags identified, 0 strengths noted.
How does Central Credit Union Of Illinois spend its money?
Detailed spending breakdown data is not yet available for Central Credit Union Of Illinois. Check back for updated IRS 990 analysis.
Are donations to Central Credit Union Of Illinois tax-deductible?
Central Credit Union Of Illinois is registered as a tax-exempt nonprofit (EIN: 361250580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Central Credit Union Of Illinois showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Central Credit Union Of Illinois's revenue has grown by 40.6%, moving from $4.3M to $6.0M. Total assets increased by 43.2% over the same period, from $81.6M to $116.9M. Total functional expenses rose by 17.4%, from $4.3M to $5.1M. In its most recent filing year (2023), Central Credit Union Of Illinois reported a surplus of $934K, with revenue exceeding expenses. The organization holds $104.5M in liabilities against $116.9M in assets (debt-to-asset ratio: 89.4%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $5.1M | $116.9M | $104.5M | — | — |
| 2022 | $5.9M | $4.5M | $122.4M | $111.0M | — | View 990 |
| 2021 | $4.4M | $4.2M | $117.6M | $107.6M | — | View 990 |
| 2020 | $4.7M | $4.4M | $109.4M | $99.6M | — | — |
| 2019 | $5.0M | $4.4M | $95.9M | $86.5M | — | — |
| 2018 | $4.8M | $4.3M | $93.8M | $85.0M | — | View 990 |
| 2017 | $4.7M | $4.4M | $92.5M | $84.3M | — | — |
| 2014 | $4.4M | $4.2M | $84.0M | $76.9M | — | — |
| 2013 | $4.3M | $4.2M | $83.3M | $76.5M | — | — |
| 2012 | $4.3M | $4.3M | $81.6M | $74.9M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $5.1M, and assets of $116.9M (revenue +2.3% year-over-year).
- 2022: Revenue of $5.9M, expenses of $4.5M, and assets of $122.4M (revenue +32.4% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.2M, and assets of $117.6M (revenue -6.1% year-over-year).
- 2020: Revenue of $4.7M, expenses of $4.4M, and assets of $109.4M (revenue -6.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.4M, and assets of $95.9M (revenue +4.5% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.3M, and assets of $93.8M (revenue +2.3% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.4M, and assets of $92.5M (revenue +6.9% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.2M, and assets of $84.0M (revenue +2.0% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.2M, and assets of $83.3M (revenue +1.4% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.3M, and assets of $81.6M.
Data Sources and Methodology
This transparency report for Central Credit Union Of Illinois is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.