SPRINGFIELD FIREFIGHTERS CREDIT UNION

EIN: 370810754

SPRINGFIELD, IL

Total Revenue
$192,097
Total Expenses
$191,249
Total Assets
$3,339,289
Net Assets
$500,835
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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
1938
Legal Domicile
IL
Principal Officer
JOSH BANKS
Phone
2178169034
Tax Period
2025-01-01 to 2025-12-31

SPRINGFIELD FIREFIGHTERS CREDIT UNION, founded in 1938, is a small nonprofit that reported $192K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $501K represent 31 months of operating reserves.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.

Program Service Accomplishments

Program 1

PROVIDED CONSUMER LENDING AND RECEIVED DEPOSITS FROM THE CREDIT UNION MEMBERSHIP. THE CREDIT UNION SERVICES MORE THAN 365 MEMBER SHARE TYPE ACCOUNTS AND MORE THAN 65 LOAN TYPE ACCOUNTS.

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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 $91,077
Investment Income $101,020
Other Revenue $0
TOTAL REVENUE $192,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,000
Fundraising Expenses $0
Other Expenses $161,249
TOTAL EXPENSES $191,249

Year-over-Year Comparison

2025 2024 Change
Revenue $192,097 $162,196 +0.2%
Expenses $191,249 $161,314 +0.2%
Net Income $848 $882 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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Governance

Voting Members
10
Independent Members
9
Employees
N/A
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
$30,000
Total Directors
10
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY GIRDER CHAIRMAN 1.00
Officer Director
$0 $0 $0
ED CANNY VICE-CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOSH BANKS SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL WALTER TREASURER/MANAGER 15.00
Officer Director
$30,000 $0 $30,000
VINCENT ZUMMO DIRECTOR 1.00
Director
$0 $0 $0
TREVOR HOWARD DIRECTOR 1.00
Director
$0 $0 $0
TONY NAYLOR DIRECTOR 1.00
Director
$0 $0 $0
DEVIN GILMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN CORREDATO DIRECTOR 1.00
Director
$0 $0 $0
JOE SAUCIER DIRECTOR 1.00
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 $192,097 $191,249 $3,339,289 $848
2024 $162,196 $161,314 $3,343,051 $882
2023 $138,218 $136,658 $3,493,068 $1,560
2022 $111,477 $111,264 $3,828,690 $213
2021 $133,273 $133,123 $3,780,869 $150
2020 $142,157 $140,136 $3,822,072 $2,021
2019 $165,126 $163,143 $3,779,156 $1,983
2018 $154,549 $153,450 $3,727,454 $1,099
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