Oak Lawn Municipal Employees Credi… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

Steven Barrett

Phone

7086360470

Tax Period

2025-01-01 to 2025-12-31

Oak Lawn Municipal Employees Credit Union, founded in 1962, is a small nonprofit in the Public & Societal Benefit sector that reported $219K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

To encourage thrift among members, to create a source of credit at a reasonable rate of interest, and to provide an opportunity for members to use and control their own money in order to improve their economic conditions.

Program Service Accomplishments

Program 1

Credit Union makes and services consumer loans to members. Total number loans outstanding at 12/31/25 was 228 for a total of $2,470,082.

Program 2

Credit Union pays out dividends to its members share deposit accounts at a market rate of interest, total number of share accounts at 12/31/2025 was 845 for a total of $3,824,374.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $159,409

Investment Income $57,627

Other Revenue $1,995

TOTAL REVENUE $219,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,009

Fundraising Expenses $0

Other Expenses $116,342

TOTAL EXPENSES $183,351

Year-over-Year Comparison

	2025	2024	Change
Revenue	$219,031	$179,586	+0.2%
Expenses	$183,351	$143,703	+0.3%
Net Income	$35,680	$35,883	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$6,496

Total Directors

$30,470

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Barrett	Chairman	0.50	Officer Director	$0	$0	$0
Gerald Chickerillo	Vice Chairman	0.50	Officer Director	$0	$0	$0
David Wheeler	Treasurer	0.75	Officer Director	$0	$0	$0
Kevin Powers	Secretary	1.00	Officer Director	$0	$0	$0
Christine Egan	Manager	20.00	Director	$30,470	$0	$30,470
Luke Fagan	Director	1.00	Director	$0	$0	$0
Gene McNulty	Director	0.50	Director	$0	$0	$0
Tippi Price	Director	0.50	Director	$0	$0	$0
Eileen Sabatino	Director	1.00	Director	$0	$0	$0
Thomas Swaw	Director	0.50	Director	$0	$0	$0
Phyllis Sonzski	Director	1.00	Director	$0	$0	$0
Janice Kitching	Director	8.00	Officer	$6,496	$0	$6,496

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	$219,031	$183,351	$4,463,763	$35,680
2024	$179,586	$143,703	$4,338,977	$35,883
2023	$135,597	$140,488	$4,472,495	$-4,891
2022	$112,292	$129,390	$5,114,465	$-17,098
2021	$133,962	$110,402	$5,279,817	$23,560
2020	$138,044	$106,267	$4,845,736	$31,777
2019	$142,451	$112,846	$4,360,159	$29,605
2018	$135,664	$101,255	$4,469,635	$34,409

Oak Lawn Municipal Employees Credit Union