CONSUMERS CREDIT UNION

EIN: 361936022

Lake Forest, IL

Total Revenue
$255,341,154
Total Expenses
$244,056,037
Total Assets
$4,031,564,182
Net Assets
$333,137,841
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
IL
Principal Officer
Sean Rathjen
Phone
8472655520
Tax Period
2024-01-01 to 2024-12-31

CONSUMERS CREDIT UNION, founded in 1930, is a major nonprofit that reported $255.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $244.1M left a modest 4% surplus.

Mission

CCU mission is: To be a trusted financial partner that empowers members to live better lives. We want to be the People in your Corner.

Program Service Accomplishments

Program 1

Issued 19,502 loans to our members for $686,478,407. Issued 247 first mortgage loans for $65,008,335. Issued 33 Commercial loans for $57,306,300. Issued 767 HE and HELOC loans for $34,016,779. Issued...

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Issued 19,502 loans to our members for $686,478,407. Issued 247 first mortgage loans for $65,008,335. Issued 33 Commercial loans for $57,306,300. Issued 767 HE and HELOC loans for $34,016,779. Issued 18,455 Consumer Loans and Indirect Loans for $530,146,993. Service $3,461,058,515 in total loans -on balance sheet, sold to Fannie Mae, Federal Home Loan Bank - Chicago, Freddie Mac and Indirect and commercial participations.

Program 2

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...

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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.

Program 3

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $207,102,916
Investment Income $48,238,238
Other Revenue $0
TOTAL REVENUE $255,341,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,670,773
Fundraising Expenses $0
Program Expenses $0
Other Expenses $196,385,264
TOTAL EXPENSES $244,056,037

Year-over-Year Comparison

2024 2023 Change
Revenue $255,341,154 $231,475,402 +0.1%
Expenses $244,056,037 $207,747,094 +0.2%
Net Income $11,285,117 $23,728,308 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
593
Volunteers
22

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$2,316,420
Total Directors
22
$0
Key Employees
5
$2,261,433
Highest Compensated
12
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Rathjen CEO 40
Officer Highest
$1,736,765 $27,278 $1,764,043
Michael Murphy President 40
Highest
$1,061,330 $29,785 $1,091,115
Sean Bowers CFO 40
Officer Highest
$526,231 $26,146 $552,377
Dan Nerroth CIO/COO 40
Key Emp Highest
$498,071 $28,006 $526,077
Dave Valentine Chief Experience Officer/CLO 40
Key Emp Highest
$444,745 $30,045 $474,790
Adam Saper CLO 40
Key Emp Highest
$431,304 $9,457 $440,761
Cheryl Kubas CPO 40
Key Emp Highest
$408,581 $7,537 $416,118
John Pawlowski VP Accounting 4
Highest
$375,137 $29,815 $404,952
MaryFran Callahan CRO 40
Key Emp Highest
$394,954 $8,733 $403,687
Christine Stotland VP Retail Sales & Service 40
Highest
$321,874 $24,235 $346,109
Matt Hancock VP Commercial 40
Highest
$329,988 $9,416 $339,404
Michael Cublic VP Loans 40
Highest
$269,691 $19,555 $289,246
Scott Drabicki Board of Director - Chairperson 5
Director
$0 $0 $0
John Fiore Board of Director 2
Director
$0 $0 $0
Frank Soyka Board of Director - Treasurer 3
Director
$0 $0 $0
Denise Charts Board of Director - Secretary 3
Director
$0 $0 $0
Spiro Giotis Board of Director 2
Director
$0 $0 $0
Kenneth Robinson Board of Director - Supervisory Committee Chairperson 2
Director
$0 $0 $0
John Janezic Board of Director 2
Director
$0 $0 $0
Francine Frankie Masi Board of Director 2
Director
$0 $0 $0
William Attea Board of Director 2
Director
$0 $0 $0
Spirdoula Mavrothalastis Board of Director - At Large 3
Director
$0 $0 $0
Bob Hubberts Board of Director - Finance Committee Chairperson 2
Director
$0 $0 $0
Saba Shibberu Board of Director 2
Director
$0 $0 $0
Demar Harris Board of Director - Vice Chairperson 3
Director
$0 $0 $0
James Mahnich Sr Associate Director 2
Director
$0 $0 $0
George Abraham Associate Director 2
Director
$0 $0 $0
Derek Christopher Associate Director 2
Director
$0 $0 $0
Dr Angela Smith Board of Director 2
Director
$0 $0 $0
David Kintz Board of Director 2
Director
$0 $0 $0
Miten Champaneri Associate Director 2
Director
$0 $0 $0
Melanie Meidel Associate Director 2
Director
$0 $0 $0
James Roche Nomination Committee 1
Director
$0 $0 $0
Tricia Strong Committee Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $255,341,154 $244,056,037 $4,031,564,182 $11,285,117
2023 $231,475,402 $207,747,094 $3,525,630,823 $23,728,308
2022 $171,749,526 $143,950,661 $3,048,444,854 $27,798,865
2021 $132,618,570 $114,323,821 $2,946,745,312 $18,294,749
2020 $113,230,664 $99,091,520 $2,616,679,000 $14,139,144
2019 $86,644,006 $78,103,211 $1,332,600,988 $8,540,795
2018 $80,250,079 $72,389,679 $1,231,505,462 $7,860,400
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