2 Rivers Area Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
2 Rivers Area Credit Union is a 501(c)(14) organization based in Kankakee, Illinois, registered in 1951, with $1,574,518 in FY2024 revenue. CharityIndex grades it B.
296 W Jeffery St, Kankakee, IL, 60901 EIN 36-2282246 Since 1951
Revenue (FY2024)
$1.6M
▲ 10.7% vs prior year
Expenses (FY2024)
$1.5M
Net assets
$2.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 2 Rivers Area Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 2 Rivers Area Credit Union: 23 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 2 Rivers Area Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 2 Rivers Area Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $777K (FY2013) to $1.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $20.5MNet assets $2.9M
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$23.4M
Total liabilities
$20.5M
Net assets
$2.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,574,518▲10.7% | $1,462,380▲5.2% | $2,855,996▲4.1% | $23,367,047▼3.8% | 990 |
| 2023 | $1,421,996▲0.1% | $1,389,686▲1.0% | $2,743,858▲1.2% | $24,299,447▼3.3% | 990 |
| 2022 | $1,420,049▲10.0% | $1,375,395▲13.0% | $2,711,548▲18.4% | $25,117,085▲6.5% | 990 |
| 2021 | $1,291,223▲6.6% | $1,216,839▼13.3% | $2,290,107▲11.5% | $23,574,338▲11.9% | 990 |
| 2020 | $1,211,117▲2.5% | $1,404,116▲20.8% | $2,054,581▼13.5% | $21,074,743▲16.0% | 990 |
| 2019 | $1,182,129▲4.7% | $1,162,812▲12.0% | $2,374,367▼5.7% | $18,161,752▲4.6% | 990 |
| 2018 | $1,129,340▲11.8% | $1,038,376▲6.0% | $2,518,740▲3.5% | $17,356,027▲2.5% | 990 |
| 2017 | $1,010,477▲11.0% | $979,649▲12.8% | $2,434,568▼0.9% | $16,931,457▲10.0% | 990 |
| 2016 | $910,160▲12.8% | $868,642▲17.1% | $2,457,235▼0.8% | $15,397,147▲6.1% | 990 |
| 2014 | $806,712▲3.9% | $742,054▲1.1% | $2,477,787▲2.1% | $14,505,299▲2.8% | 990 |
| 2013 | $776,613 | $734,337▼3.1% | $2,426,550▲2.9% | $14,116,526▼1.3% | 990 |
| 2012 | — | $757,693▼24.0% | $2,357,864▲0.5% | $14,304,840▲7.4% | 990 |
| 2011 | — | $997,491▲3.9% | $2,346,028▼1.1% | $13,314,864▲2.0% | 990 |
| 2010 | — | $960,288 | $2,372,496 | $13,059,066 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is 2 Rivers Area Credit Union a legitimate nonprofit?
- Yes. 2 Rivers Area Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 36-2282246, based in Kankakee, Illinois.
- What is 2 Rivers Area Credit Union's EIN?
- 2 Rivers Area Credit Union's Employer Identification Number (EIN) is 36-2282246.
- How much revenue does 2 Rivers Area Credit Union report?
- 2 Rivers Area Credit Union reported $1,574,518 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does 2 Rivers Area Credit Union have?
- CharityIndex grades 2 Rivers Area Credit Union B, based on financial health (reserves and operating margin).
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Data for 2 Rivers Area Credit Union (EIN 36-2282246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.