2 Rivers Area Credit Union

EIN: 362282246

Kankakee, IL

Total Revenue
$1,619,722
Total Expenses
$1,560,814
Total Assets
$24,209,414
Net Assets
$2,914,904
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
IL
Principal Officer
Danita Swanson
Phone
8159352270
Tax Period
2025-01-01 to 2025-12-31

2 Rivers Area Credit Union, founded in 1951, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Expenses of $1.6M left a modest 4% surplus.

Mission

Illinois state chartered credit union operated for the mutual benefit of its members. The credit union makes loans to members and pays dividends to members with share deposits at a competetive rate of interest.

Program Service Accomplishments

Program 1

The credit union makes and services consumer loans and real estate loans to members. The number of loans outstanding at 12/31/25 is 1,665 for a total of $13,160,870.

Program 2

The Credit Union pays out dividends on its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/25 is 7,002 for a total of $21,050,713.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,295,327
Investment Income $324,395
Other Revenue $0
TOTAL REVENUE $1,619,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $554,562
Fundraising Expenses $0
Other Expenses $1,006,252
TOTAL EXPENSES $1,560,814

Year-over-Year Comparison

2025 2024 Change
Revenue $1,619,722 $1,574,518 +0.0%
Expenses $1,560,814 $1,462,380 +0.1%
Net Income $58,908 $112,138 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
8
Volunteers
8

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
5
$136,952
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Westover Chairman 2.00
Officer Director
$0 $0 $0
John Absher Vice-Chair 2.00
Officer Director
$0 $0 $0
John Hogan Treasurer 2.00
Officer Director
$0 $0 $0
Brad Kuntz Secretary 2.00
Officer Director
$0 $0 $0
Thomas Maass Director 2.00
Director
$0 $0 $0
Ronnie Collins Director 2.00
Director
$0 $0 $0
Patricia Williams Director 2.00
Director
$0 $0 $0
Marc Magiera Director 2.00
Director
$0 $0 $0
Danita Swanson President/Manager 40.00
Officer
$136,952 $0 $136,952
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 $1,619,722 $1,560,814 $24,209,414 $58,908
2024 No data No data No data No data
2023 $1,421,996 $1,389,686 $24,299,447 $32,310
2022 $1,420,049 $1,375,395 $25,117,085 $44,654
2021 $1,291,223 $1,216,839 $23,574,338 $74,384
2020 $1,211,117 $1,404,116 $21,074,743 $-192,999
2019 $1,182,129 $1,162,812 $18,161,752 $19,317
2018 $1,129,340 $1,038,376 $17,356,027 $90,964
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare 2 Rivers Area Credit Union with other nonprofits in Illinois and across the country.