Department of Financial Institution Division of Credit Unions In Ind
Only null% goes to programs Strong reserves Growing revenue
Department of Financial Institution Division of Credit Unions In Ind is a 501(c)(14) organization based in Columbus, Indiana, registered in 1969, with $144,540,713 in FY2024 revenue. CharityIndex grades it A.
Po Box 789, Columbus, IN, 47202 EIN 35-0885381 Since 1969
Revenue (FY2024)
$144.5M
▲ 15.2% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$136.0M
Net assets
$228.8M
Employees
510
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Department of Financial Institution Division of Credit Unions In Ind— 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 rating20 mo reserves · +6% 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 Department of Financial Institution Division of Credit Unions In Ind: 20 mo reserves · +6% 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 Department of Financial Institution Division of Credit Unions In Ind: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Department of Financial Institution Division of Credit Unions In Ind: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
State chartered and federally insured credit union which grants consumer loans including credit cards, mortgage loans, and business loans to its members.
Contact & location
- Address
- Po Box 789, Columbus, IN, 47202
- City
- Columbus
- State
- Indiana
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $50.3M (FY2013) to $144.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9BNet assets $228.8M
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$1.9B
Net assets
$228.8M
Salaries & benefits
$34.8M
26% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $144,540,713▲15.2% | $135,991,974▲17.0% | $228,761,331▲3.9% | $2,126,245,937▲2.4% | 990 |
| 2023 | $125,422,457▲26.7% | $116,244,125▲38.2% | $220,132,380▲1.9% | $2,076,967,433▲1.5% | 990 |
| 2022 | $98,960,156▲11.9% | $84,117,171▲17.7% | $216,010,722▼7.7% | $2,045,720,209▲4.2% | 990 |
| 2021 | $88,438,069▲6.2% | $71,466,269 | $234,000,818▲5.0% | $1,964,165,275▲7.5% | 990 |
| 2020 | $83,289,744▼0.2% | $71,494,799▲2.3% | $222,916,109▲6.9% | $1,826,992,749▲17.2% | 990 |
| 2019 | $83,495,107▲12.0% | $69,904,720▲14.6% | $208,576,380▲9.1% | $1,559,069,587▲6.2% | 990 |
| 2018 | $74,544,080▲12.0% | $61,000,493▲17.1% | $191,175,816▲6.8% | $1,468,696,851▲3.7% | 990 |
| 2017 | $66,529,642▲12.4% | $52,088,102▲14.5% | $179,072,227▲8.2% | $1,416,347,417▲3.9% | 990 |
| 2016 | $59,198,367▲8.2% | $45,500,708▲7.7% | $165,537,857▲8.1% | $1,363,239,262▲5.3% | 990 |
| 2015 | $54,706,589▲4.7% | $42,243,234▲4.6% | $153,199,228▲8.4% | $1,294,289,768▲5.2% | 990 |
| 2014 | $52,249,975▲3.8% | $40,390,724▼1.5% | $141,290,181▲9.1% | $1,229,884,586▲3.6% | 990 |
| 2013 | $50,321,926 | $41,008,546▲0.7% | $129,556,806▲6.7% | $1,186,613,715▲4.9% | 990 |
| 2012 | — | $40,722,206▼3.2% | $121,387,820▲8.8% | $1,130,665,244▲14.7% | 990 |
| 2011 | — | $42,089,278▼2.5% | $111,584,963▲7.8% | $985,938,738▲9.3% | 990 |
| 2010 | — | $43,188,952 | $103,471,443 | $902,312,407 | 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: Rick Silvers — $813,397 (0.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rick Silvers | President & Ceo | 45 | $813,397 |
| David Mann | Chief Financial Officer | 45 | $402,668 |
| Brad Davis | Chief Growth Officer | 45 | $315,966 |
| Swaminathan Seetharaman | Chief Experience Officer | 45 | $287,992 |
| Doug Sharkey | Svp Mortgage Loan Delivery | 45 | $221,068 |
| Brent Parks | Svp Technology | 45 | $209,125 |
| Karl Kissinger | Svp Business Services | 45 | $207,780 |
| Melissa Jewell | Svp Team Member Experience | 45 | $200,717 |
| Patricia Knorr | Chief Development Officer | 45 | $196,577 |
| Carl Fry | Svp Finance | 45 | $192,919 |
| Paul Adrian | Chief Information Officer | 45 | $138,655 |
| Randy Profitt | Board Chair | 2.1 | $14,000 |
| Jim Bickel | Secretary/treasurer | 1.3 | $13,216 |
| Jody Heazlitt | Supervisory Chair | 1.9 | $12,432 |
| Joseph Brown | Board Vice President | 2.3 | $11,872 |
| Kesavan Venugopal | Director | 1.8 | $11,872 |
| Christopher Orben | Director | 1.7 | $10,752 |
| Donald Jackson | Director | 2.1 | $10,752 |
| Kevina Schumaker | Director | 1.9 | $10,752 |
| Mary Stroh | Director | 1.9 | $10,752 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fiserv | Software | $5,639,459 |
| Mastercard | Credit Processor | $2,570,553 |
| Presidio Network | Internet Technology | $1,866,179 |
| Qsi Inc | Storage | $1,425,845 |
| Velera | Credit Processor | $1,138,108 |
Grants made · $75K in FY2024
1 grant totaling $75K in FY2024. All grants made by Department of Financial Institution Division of Credit Unions In Ind →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Bartholomew County Inc | Charitable donations | $75,417 |
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Compare Department of Financial Institution Division of Credit Unions In Ind
Frequently asked questions
- Is Department of Financial Institution Division of Credit Unions In Ind a legitimate nonprofit?
- Yes. Department of Financial Institution Division of Credit Unions In Ind is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 35-0885381, based in Columbus, Indiana.
- What is Department of Financial Institution Division of Credit Unions In Ind's EIN?
- Department of Financial Institution Division of Credit Unions In Ind's Employer Identification Number (EIN) is 35-0885381.
- How much revenue does Department of Financial Institution Division of Credit Unions In Ind report?
- Department of Financial Institution Division of Credit Unions In Ind reported $144,540,713 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Department of Financial Institution Division of Credit Unions In Ind have?
- CharityIndex grades Department of Financial Institution Division of Credit Unions In Ind A, based on financial health (reserves and operating margin).
- How much does Department of Financial Institution Division of Credit Unions In Ind's highest-paid employee make?
- The highest reported compensation on Department of Financial Institution Division of Credit Unions In Ind's latest Form 990 is $813,397, paid to Rick Silvers (President & Ceo).
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Data for Department of Financial Institution Division of Credit Unions In Ind (EIN 35-0885381) 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.