BLOOMINGTON POSTAL EMPLOYEES CREDIT UNION

EIN: 370765989

BLOOMINGTON, IL

Total Revenue
$702,870
Total Expenses
$672,983
Total Assets
$22,958,756
Net Assets
$3,848,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
IL
Principal Officer
SHANNON FRITCHER
Phone
3096635841
Tax Period
2023-01-01 to 2023-12-31

BLOOMINGTON POSTAL EMPLOYEES CREDIT UNION, founded in 1933, is a small nonprofit that reported $703K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $673K left a modest 4% surplus.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL- -BEING AND PROVIDE SAVINGS ACCOUNTS, CHECKING ACCOUNTS, CREDIT CARD ACCOUNTS, AND LOANS TO OUR MEMBERS AND THEIR FAMILIES

Program Service Accomplishments

Program 1

PROVIDED CONSUMER LENDING AND RECEIVED DEPOSITS FROM THE CREDIT UNION MEMBERSHIP. THE CREDIT UNION SERVICES IN EXCESS OF 2700 MEMBER SHARE ACCOUNTS AND 1000 LOAN ACCOUNTS, INCLUDING VISA CARDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $406,605
Investment Income $268,106
Other Revenue $28,159
TOTAL REVENUE $702,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,111
Fundraising Expenses $0
Other Expenses $414,872
TOTAL EXPENSES $672,983

Year-over-Year Comparison

2023 2022 Change
Revenue $702,870 $751,933 -0.1%
Expenses $672,983 $605,721 +0.1%
Net Income $29,887 $146,212 -0.8%
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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Governance

Voting Members
10
Independent Members
9
Employees
6
Volunteers
9

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
$80,812
Total Directors
10
$80,812
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM ADMOR DIRECTOR 2.00
Director
$0 $0 $0
GARY BARTON VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHAEL CONNOR SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICIA CORTESE DIRECTOR 2.00
Director
$0 $0 $0
TIM DEFEBAUGH DIRECTOR 2.00
Director
$0 $0 $0
JEFF GOEKEN CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHARLES MCLEAN DIRECTOR 2.00
Director
$0 $0 $0
SHANNON FRITCHER DIRECTOR/TREASURER/PRESIDENT 40.00
Officer Director
$75,466 $5,346 $80,812
DENNY MEEKS DIRECTOR 2.00
Director
$0 $0 $0
LINDA WILSON DIRECTOR 2.00
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 No data No data No data No data
2023 $702,870 $672,983 $22,958,756 $29,887
2022 $751,933 $605,721 $26,182,974 $146,212
2021 $684,862 $605,122 $26,713,658 $79,740
2020 $707,576 $655,845 $25,005,788 $51,731
2019 $827,844 $685,911 $22,783,168 $141,933
2018 $810,372 $671,031 $23,940,865 $139,341
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