NUMARK CREDIT UNION

EIN: 366006909 Public & Societal Benefit

JOLIET, IL

Total Revenue
$61,360,817
Total Expenses
$55,401,558
Total Assets
$884,714,514
Net Assets
$93,158,838
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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
1954
Legal Domicile
IL
Principal Officer
MICHELLE BALOG
Phone
8157293211
Tax Period
2025-01-01 to 2025-12-31

NUMARK CREDIT UNION, founded in 1954, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $17.3M in total revenue in fiscal year 2018. Expenses of $15.0M left a modest 13% surplus.

Mission

THE CREDIT UNION OPERATES TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $54,286,544
Investment Income $7,074,273
Other Revenue $0
TOTAL REVENUE $61,360,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,222,406
Fundraising Expenses $0
Other Expenses $37,179,152
TOTAL EXPENSES $55,401,558

Year-over-Year Comparison

2025 2024 Change
Revenue $61,360,817 $53,554,643 +0.1%
Expenses $55,401,558 $46,964,464 +0.2%
Net Income $5,959,259 $6,590,179 -0.1%
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

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

Financial Distress Indicator

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
10
Independent Members
10
Employees
222
Volunteers
10

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
4
$1,192,542
Total Directors
10
$0
Key Employees
6
$1,394,275
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLY CHLIPALA DIRECTOR 4.00
Director
$0 $0 $0
DAVE HARRIS DIRECTOR 4.00
Director
$0 $0 $0
CLIFFORD STRUTHERS CHAIRPERSON 4.00
Director
$0 $0 $0
RAYMOND EICH SECRETARY 4.00
Director
$0 $0 $0
STEVEN MAGRUDER DIRECTOR 4.00
Director
$0 $0 $0
JIM BROZ TREASURER 4.00
Director
$0 $0 $0
GEORGE FIEGLE DIRECTOR 4.00
Director
$0 $0 $0
DENNIS HUGHES DIRECTOR 4.00
Director
$0 $0 $0
JOE JOSEPH VICE CHAIRPERSON 4.00
Director
$0 $0 $0
GREG ZILINSKY DIRECTOR 4.00
Director
$0 $0 $0
MICHELLE BALOG PRESIDENT/CEO 40.00
Officer
$368,521 $41,178 $409,699
BERNARD NIEWOEHNER EVP 40.00
Officer
$219,014 $26,803 $245,817
DEBBIE REED CFO 40.00
Officer
$214,642 $37,944 $252,586
STEVE CLARK CLO 40.00
Officer
$226,648 $57,792 $284,440
KEVIN QUINN CIO 40.00
Key Emp
$225,019 $64,510 $289,529
SUSAN PFEIFFER SR MORTGAGE LOAN ORIGINATO 40.00
Key Emp
$195,580 $35,293 $230,873
HARRY STEWART VP OF MORTGAGE LENDING 40.00
Key Emp
$198,754 $30,614 $229,368
JESSICA MELLEN CXO 40.00
Key Emp
$208,613 $25,709 $234,322
LAURIE VEASY VP OF LENDING 40.00
Key Emp
$180,012 $17,032 $197,044
MARK GOVEDNIK SR VP COMMERCIAL AND AG LENDING 40.00
Key Emp
$181,857 $31,282 $213,139
LLOYD FREDENDALL FORMER PRESIDENT AND CEO 40.00
$232,701 $120,005 $352,706
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 $61,360,817 $55,401,558 $884,714,514 $5,959,259
2024 $53,554,643 $46,964,464 $850,364,152 $6,590,179
2023 $46,732,952 $41,485,307 $765,603,358 $5,247,645
2022 $34,998,113 $28,421,361 $632,867,076 $6,576,752
2021 $32,569,723 $26,446,095 $604,429,082 $6,123,628
2020 $22,576,443 $17,168,915 $332,473,576 $5,407,528
2019 $19,483,429 $16,252,885 $271,954,110 $3,230,544
2018 $17,293,415 $15,032,955 $258,664,451 $2,260,460
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