Scott Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Scott Credit Union is a 501(c)(14) organization based in Edwardsville, Illinois, registered in 1947, with $120,951,375 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
101 Credit Union Way, Edwardsville, IL, 62025 EIN 37-0732817 Since 1947
Revenue (FY2024)
$121.0M
▲ 14.2% vs prior year
Expenses (FY2024)
$114.2M
Net assets
$152.5M
Employees
436
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs
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. For Scott Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 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 Scott Credit Union: 16 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 Scott Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Scott Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To serve members' needs by accepting deposits, granting loans and investing excess funds in a prudent manner.
Contact & location
- Address
- 101 Credit Union Way, Edwardsville, IL, 62025
- City
- Edwardsville
- State
- Illinois
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $48.9M (FY2013) to $121.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6BNet assets $152.5M
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.6B
Net assets
$152.5M
Salaries & benefits
$31.9M
28% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $120,951,375▲14.2% | $114,208,098▲18.2% | $152,501,499▲6.1% | $1,745,004,988▲0.2% | 990 |
| 2023 | $105,927,391▲25.6% | $96,614,257▲27.4% | $143,676,903▲4.1% | $1,741,583,732▼0.6% | 990 |
| 2022 | $84,339,279▲13.0% | $75,829,501▲13.2% | $138,000,941▼2.1% | $1,751,826,315▲6.3% | 990 |
| 2021 | $74,654,217▲7.8% | $66,970,715▲3.4% | $141,020,746▲5.5% | $1,647,347,103▲13.2% | 990 |
| 2020 | $69,277,943▲0.9% | $64,773,713▲7.4% | $133,698,882▼89.0% | $1,455,808,260▲14.8% | 990 |
| 2019 | $68,652,150▲6.4% | $60,320,609▲14.4% | $1,212,729,118▲7.8% | $1,268,134,429▲4.0% | 990 |
| 2018 | $64,499,920▲16.2% | $52,738,224▲15.3% | $1,125,442,677▲2.6% | $1,219,604,280▲9.3% | 990 |
| 2017 | $55,518,098▼3.2% | $45,758,222▲7.2% | $1,096,989,147▲1.8% | $1,115,637,231▲2.1% | 990 |
| 2016 | $57,373,351▲8.6% | $42,689,588▲3.0% | $1,077,427,186▲4.7% | $1,092,616,184▲5.1% | 990 |
| 2015 | $52,808,385▲1.3% | $41,430,913▼26.5% | $1,028,993,805▲5.7% | $1,039,804,748 | 990 |
| 2014 | $52,126,205▲6.6% | $56,348,837▲63.5% | $973,905,857▲6.0% | $1,040,158,460▲12.0% | 990 |
| 2013 | $48,907,962 | $34,470,831▲6.5% | $918,743,525▲5.0% | $928,998,458▲4.7% | 990 |
| 2012 | — | $32,364,598▲7.4% | $874,671,040▲11.4% | $887,522,001▲11.8% | 990 |
| 2011 | — | $30,129,042▲12.4% | $784,901,648▲14.2% | $793,719,711▲14.3% | 990 |
| 2010 | — | $26,801,849 | $687,519,836 | $694,237,890 | 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: Frank Padak — $1,104,580 (0.97% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Frank Padak | President and Ceo/bod Treasurer | 40 | $1,104,580 |
| Scott Seidl | Executive Vice President | 40 | $394,848 |
| Scott Peters | Chief Financial Officer | 40 | $290,924 |
| Tricia Newton | Mortgage Loan Originator | 40 | $276,348 |
| Carla Lambrecht | Chief Information Officer | 40 | $269,198 |
| David Bressler | Chief Lending Officer | 40 | $266,740 |
| Valentina Rhoden-kimbrough | Chief Human Resources Officer | 40 | $257,211 |
| Joanna Hernandez | Chief Operating Officer | 40 | $246,507 |
| Michelle Wazlawek | Chief Marketing Officer | 40 | $231,854 |
| Jeffrey Roderick | Vice President of Information Technology | 40 | $204,969 |
| Donna Harris | Mortgage Loan Originator | 40 | $190,014 |
| Mark Dietrich | Vice President of Retail Operations | 40 | $181,887 |
| Laurie Viviano | Mortgage Loan Originator | 40 | $172,561 |
| Angela Stewart | Board Member | 3 | — |
| Christopher Sobrino | Board Member | 3 | — |
| Debbie Lane | Board Secretary, Bod Member | 3 | — |
| Jacob Curtis | Board Vice Chairperson, Bod Member | 3 | — |
| Jessica Haugen | Board Member | 3 | — |
| Joy Hayward | Board Member | 3 | — |
| Lajuan Miller | Board Member | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fis (aka Fidelity National Card Services | Debit and Credit Card Processing | $3,674,059 |
| Visa USA Inc | Debit and Credit Card Network | $1,778,644 |
| Jack Henry & Associates Inc | Core System | $1,359,502 |
| Computershare Inc | Statement Processing | $940,644 |
| Cardtronics USA Inc | Atm Fleet | $812,213 |
Grants made · $225K in FY2024
2 grants totaling $225K in FY2024. All grants made by Scott Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Scott Credit Union Community Foundation | To assist the foundation in carrying out its exempt function. | $210,004 |
| Illinois Credit Union Foundation | Charitable contribution to assist the foundation promote the self-help ideas of credit unions through grants and scholarships | $15,000 |
Frequently asked questions
- Is Scott Credit Union a legitimate nonprofit?
- Yes. Scott Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 37-0732817, based in Edwardsville, Illinois.
- What is Scott Credit Union's EIN?
- Scott Credit Union's Employer Identification Number (EIN) is 37-0732817.
- How much revenue does Scott Credit Union report?
- Scott Credit Union reported $120,951,375 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Scott Credit Union's spending goes to programs?
- Scott Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Scott Credit Union have?
- CharityIndex grades Scott Credit Union B+, based on program efficiency and fundraising cost.
- How much does Scott Credit Union's highest-paid employee make?
- The highest reported compensation on Scott Credit Union's latest Form 990 is $1,104,580, paid to Frank Padak (President and Ceo/bod Treasurer).
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Data for Scott Credit Union (EIN 37-0732817) 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.