EIN 36-0760135

Corporate America Family Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
281
City
Year formed
1939
Most recent tax filings
2023-12-01
Description
Member-owned financial cooperative in Elgin, IL, offering savings, checking, fixed/variable-rate mortgages & home equity loans to over 67k members.
Total revenues
$46,515,457
2023
20192020202120222023$30m$40m$50m
Total expenses
$45,235,605
2023
20192020202120222023$30m$40m$50m
Total assets
$859,903,914
2023
20192020202120222023$0.6b$0.8b
Num. employees
281
2023
201920202021202220230200

Program areas at Corporate America Family Credit Union

Received deposits from 68,212 members: Corporate America Family Credit Union (the Credit Union) provides savings products to members at very competitive rates including regular shares, money markets, certificates of deposit and ira products. The Credit Union also provides a variety of checking accounts including a traditional checking account that is free to our members.
Provided first mortgage and home equity loans to 275 members: the types of first mortgage loans offered are fixed rate and variable rate loans. The home equity loans are also either fixed rate or variable lines of Credit.
Provided consumer loans to 5,169 members: the types of consumer loans provided to the membership include auto loans, personal loans and Credit cards. Consumer loans are offered at competitive rates.

Personnel at Corporate America Family Credit Union

NameTitleCompensation
Peter PaulsonPresident and Chief Executive Officer$1,258,969
Dan KadolphChief Financial Officer$234,538
Steven OlsonVice President - Commercial Services$162,427
Andrew BowenVice President Technology$157,350
Carol HoemSenior Vice President / Vice President Risk Management$163,358
...and 9 more key personnel

Financials for Corporate America Family Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$37,972,789
Investment income and dividends$8,603,747
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-63,287
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,208
Total revenues$46,515,457

Form 990s for Corporate America Family Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-05-13990View PDF
2019-122020-08-19990View PDF
...and 10 more Form 990s

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Credit Unions Chartered in the State of Michigan - 423 Security Credit UnionHolly, MI$35,342,586
Premierone Credit UnionSan Jose, CA$27,652,598
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Whitefish Credit Union AssociationWhitefish, MT$66,349,817
Data update history
January 3, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Updated personnel
Identified 6 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 12, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unions
Issues
Human services
Characteristics
State / local level
General information
Address
2075 Big Timber Rd
Elgin, IL 60123
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Kane County, IL
Website URL
cafcu.org/ 
Phone
(800) 359-1939
IRS details
EIN
36-0760135
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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