Consumers Credit Union
501(c)(14)
Strong reserves Growing revenue
Consumers Credit Union is a 501(c)(14) organization based in Gurnee, Illinois, registered in 1980, with $255,341,154 in FY2024 revenue.
1075 Tristate Pkwy, Gurnee, IL, 60031 EIN 36-1936022 Since 1980
Revenue (FY2024)
$255.3M
▲ 10.3% vs prior year
Expenses (FY2024)
$244.1M
Net assets
$333.1M
Employees
593
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
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 Consumers 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 rating16 mo reserves · +4% 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 Consumers Credit Union: 16 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Consumers Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Consumers Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Consumers cu has been member owned since 1930. currently we have 263,460 members. we provide lower loan rates, higher savings rates, lower fees and other financial services to our members to help them achieve their financial success. the people in your corner.
What they do
Provide deposit services to our members products include: savings, checking, money market, certificate of deposits, ira, and commercial accts. members have $3,289,345,964 in total deposits. paid members $61,506,197 in dividends during 2024.
We offer lower loan rates, lower fees, higher deposit rates on savings, cd's, and checking accounts. we have lower fees-service charges on our products. we offer free educational seminars to members and non-members.
Total expenses for ccu see part ix for detail
Contact & location
Financial trends
Revenue grew from $37.6M (FY2013) to $255.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.7BNet assets $333.1M
Operating margin
4.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.0B
Total liabilities
$3.7B
Net assets
$333.1M
Salaries & benefits
$47.7M
20% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $255,341,154▲10.3% | $244,056,037▲17.5% | $333,137,841▲34.6% | $4,031,564,182▲14.4% | 990 |
| 2023 | $231,475,402▲34.8% | $207,747,094▲44.3% | $247,415,407▲22.1% | $3,525,630,823▲15.7% | 990 |
| 2022 | $171,749,526▲29.5% | $143,950,661▲25.9% | $202,586,200▼18.2% | $3,048,444,854▲3.5% | 990 |
| 2021 | $132,618,570▲17.1% | $114,323,821▲15.4% | $247,593,414▲10.7% | $2,946,745,312▲12.6% | 990 |
| 2020 | $113,230,664▲30.7% | $99,091,520▲26.9% | $223,639,696▲106% | $2,616,679,000▲96.4% | 990 |
| 2019 | $86,644,006▲8.0% | $78,103,211▲7.9% | $108,637,953▲8.5% | $1,332,600,988▲8.2% | 990 |
| 2018 | $80,250,079▲19.6% | $72,389,679▲20.9% | $100,139,087▲1.9% | $1,231,505,462▼0.5% | 990 |
| 2017 | $67,080,718▲19.7% | $59,859,560▲18.8% | $98,318,018▲21.3% | $1,237,810,008▲17.7% | 990 |
| 2016 | $56,031,309▲30.5% | $50,381,522▲30.7% | $81,036,252▲3.4% | $1,051,735,256▲16.6% | 990 |
| 2015 | $42,946,105▲14.3% | $38,539,027▲18.4% | $78,404,428▲41.4% | $901,740,746▲43.6% | 990 |
| 2014 | $37,584,351 | $32,554,974▲3.7% | $55,450,870▲9.6% | $627,938,292▲7.5% | 990 |
| 2013 | $37,579,695 | $31,380,047▼7.1% | $50,600,051▲13.8% | $584,007,918▲0.4% | 990 |
| 2012 | — | $33,781,049▼2.4% | $44,480,244▲11.8% | $581,503,908▲2.4% | 990 |
| 2011 | — | $34,605,460▼4.9% | $39,783,803▲7.2% | $568,067,405▲7.3% | 990 |
| 2010 | — | $36,390,587 | $37,094,617 | $529,324,916 | 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.
Leadership & compensation (FY2024)
Highest-paid: Sean Rathjen — $1,736,765 (0.71% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sean Rathjen | Ceo | 40 | $1,736,765 |
| Michael Murphy | President | 40 | $1,061,330 |
| Sean Bowers | Cfo | 40 | $526,231 |
| Dan Nerroth | Cio/coo | 40 | $498,071 |
| Dave Valentine | Chief Experience Officer/clo | 40 | $444,745 |
| Adam Saper | Clo | 40 | $431,304 |
| Cheryl Kubas | Cpo | 40 | $408,581 |
| Maryfran Callahan | Cro | 40 | $394,954 |
| John Pawlowski | Vp Accounting | 4 | $375,137 |
| Matt Hancock | Vp Commercial | 40 | $329,988 |
| Christine Stotland | Vp Retail Sales & Service | 40 | $321,874 |
| Michael Cublic | Vp Loans | 40 | $269,691 |
| Bob Hubberts | Board of Director - Finance Committee Chairperson | 2 | — |
| David Kintz | Board of Director | 2 | — |
| Demar Harris | Board of Director - Vice Chairperson | 3 | — |
| Denise Charts | Board of Director - Secretary | 3 | — |
| Derek Christopher | Associate Director | 2 | — |
| Dr Angela Smith | Board of Director | 2 | — |
| Francine Frankie Masi | Board of Director | 2 | — |
| Frank Soyka | Board of Director - Treasurer | 3 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| None | — | — |
Frequently asked questions
- Is Consumers Credit Union a legitimate nonprofit?
- Yes. Consumers Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 36-1936022, based in Gurnee, Illinois.
- What is Consumers Credit Union's EIN?
- Consumers Credit Union's Employer Identification Number (EIN) is 36-1936022.
- How much revenue does Consumers Credit Union report?
- Consumers Credit Union reported $255,341,154 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Consumers Credit Union's highest-paid employee make?
- The highest reported compensation on Consumers Credit Union's latest Form 990 is $1,736,765, paid to Sean Rathjen (Ceo).
More nonprofits in Gurnee
Explore more
Data for Consumers Credit Union (EIN 36-1936022) 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.