Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
36 people listed on the 990.
Michael Valentine’s $2.0M as President, CEO and Treasurer is at the 83rd percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2021 |
|---|---|---|---|
| Michael Valentine | $1,995,776 | $1,834,831 | — |
| James Block | $948,115 | $866,380 | — |
| Carl Presto | $937,823 | $814,599 | — |
| David Blum | $841,731 | $709,999 | — |
| Lisa Baron | $785,721 | $808,502 | — |
| Edwin T Watson | $569,567 | $478,931 | — |
| Scott Zulpo | $528,026 | $482,122 | — |
| John Anderson | $508,116 | $409,531 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers members diverse financial services like loans and savings accounts online and in person.
Questions for Baxter Credit Union
Your first name shows with your question. Baxter Credit Union answers here, for everyone.
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Offered loans, deposits, and other financial services to 341,314 members
Provided 6,432 first mortgages for $2,165,388,284
Provided 236,145 member loans for $4,824,057,051
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $397.0M | $348.6M |
| InvestmentsLn 11–13 | $427.3M | $374.8M |
| Land, buildings, equipmentLn 10c | $51.3M | $110.6M |
| Total assetsLn 16 | $5.07B | $5.75B |
| LiabilitiesLn 26 | $4.58B | $5.25B |
| Net assetsLn 32 | $488.0M | $504.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $77.9M | |||
| Pension plan contributionsLn 8 | $3.6M | |||
| Other employee benefitsLn 9 | $10.9M | |||
| Payroll taxesLn 10 | $5.6M | |||
| Legal feesLn 11b | $340K | |||
| Accounting feesLn 11c | $70K | |||
| Other fees for servicesLn 11g | $8.7M | |||
| Advertising and promotionLn 12 | $6.9M | |||
| Office expensesLn 13 | $8.2M | |||
| Information technologyLn 14 | $18.2M | |||
| OccupancyLn 16 | $2.6M | |||
| Conferences, conventions and meetingsLn 19 | $1.7M | |||
| InterestLn 20 | $29.5M | |||
| Depreciation, depletion and amortizationLn 22 | $11.3M | |||
| InsuranceLn 23 | $479K | |||
| Other expenses (24a–d)Ln 24 | $79.3M | |||
| All other expensesLn 24e | $27.8M | |||
| Total functional expensesLn 25 | $293.1M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $507.4M | $463.1M | $44.3M | $600.3M | 990 PDF |
| FY2024 | $482.8M | $459.7M | $23.1M | $545.1M | 990 PDF |
| FY2023 | $443.9M | $404.6M | $39.3M | $525.4M | 990 PDF |
| FY2022 Viewing | $350.4M | $293.1M | $57.3M | $504.8M | 990 PDF |
| FY2021 | $316.2M | $240.4M | $75.8M | $488.0M | 990 PDF |
| FY2020 | $274.0M | $239.9M | $34.2M | $415.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $350,442,030 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, no flags
Part VIII · Statement of revenue $350,442,030 across 5 lines filed
Part IX · Statement of functional expenses $293,104,697 across 17 lines filed
Part X · Balance sheet $5,751,484,149 assets, 13 lines filed
Part XI · Reconciliation of net assets $504,751,503 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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