Linxus Credit Union FY2024 filing

Not tax-deductible

Machesney Pk, ILMutual-benefit / member-servingSince 1927Mutual / membership EIN 36-1695980Revenue $869K in FY2024Latest return filed Apr 28, 2026

On file with the IRSlinxuscu.orgMachesney Pk, ILTax-exempt since Sep 1941

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Our purpose is to provide financial services to our members with competitive rates, while maintaining our financial stability.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1695980) · Dispute this line
$108K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $32K a year · 4% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 13% of spending
Pay to officers and key staff is 13% of spending.
Part VII, Section A
104.7 mo
of spending, in cash
104.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$14.8M
85% of total assets
Liabilities are 85% of assets.
Pt X · Ln 26
Independent board members
8
of 9 voting members
8 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$869K
+15% vs prior year
Spent
$836K
To programs
0%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$869K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$616K
FY2021$540K
FY2022$655K
FY2023$755K
FY2024$869K
FY2025$883K
Expenses
$836K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$605K
FY2021$537K
FY2022$580K
FY2023$733K
FY2024$836K
FY2025$839K
Net assets
$2.7M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.6M
FY2023$2.7M
FY2024$2.7M
FY2025$2.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $108K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$107,823Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tracy Beyer$106,634$107,823$98,912$89,312$83,940$83,428

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.

See Linxus Credit Union executive salaries →

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 loans, savings, and checking accounts to help members manage their finances.

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3 programs · in their own filed words · FY2024
01

Provided new consumer and home equity loans in addition to servicing over 500 loan accounts

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1695980) · Dispute this line
Pt IX · Ln 25 · col B
02

Processed deposits, withdrawals, and payments for 2800 accounts

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1695980) · Dispute this line
Pt IX · Ln 25 · col B
03

Provided servicing of 350 Visa/Debit/ATM card accounts

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-1695980) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$869K
Ln 12
Investment incomeLn 3$507K
Fees for servicesLn 2g$362K
Money outPt IX
$836K
Ln 25
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.3M
Total assetsLn 16$17.5M
LiabilitiesLn 26$14.8M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$362K
Investment incomeLn 3$507K
Total revenueLn 12$869K
Assets in detailPt X, end of year
CashLn 1$362K
SavingsLn 2$6.9M
Cash and savings togetherLn 1–2$7.3M
Notes and loans receivableLn 7$7.2M
Prepaid expenses and deferred chargesLn 9$45K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$3.0M
Total assetsLn 16$17.5M
LiabilitiesLn 26$14.8M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 54
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.0M$7.3M
Land, buildings, equipmentLn 10c$3K$4K
Total assetsLn 16$17.1M$17.5M
LiabilitiesLn 26$14.4M$14.8M
Net assetsLn 32$2.7M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$106K
Other salaries and wagesLn 7$139K
Pension plan contributionsLn 8$11K
Other employee benefitsLn 9$34K
Payroll taxesLn 10$19K
Management feesLn 11a$0
Legal feesLn 11b$1K
Accounting feesLn 11c$9K
Advertising and promotionLn 12$11K
Office expensesLn 13$46K
Information technologyLn 14$32K
OccupancyLn 16$67K
TravelLn 17$301
Conferences, conventions and meetingsLn 19$31K
Payments to affiliatesLn 21$12K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$279K
All other expensesLn 24e$22K
Total functional expensesLn 25$836K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 28, 2026 $883K$839K$45K$2.7M 990 PDF
FY2024 ViewingFiled with the IRS Apr 23, 2025 $869K$836K$33K$2.7M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $755K$733K$22K$2.7M 990 PDF
FY2022Filed with the IRS Apr 26, 2023 $655K$580K$75K$2.6M 990 PDF
FY2021Filed with the IRS Apr 30, 2022 $540K$537K$3K$2.6M 990 PDF
FY2020Filed with the IRS May 10, 2021 $616K$605K$12K$2.6M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $869,241 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $445,271$362,346
I-10 Investment incomePrior year $309,507$506,895
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $754,778$869,241
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $268,646$309,098
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $464,487$526,945
I-18 Total expensesPrior year $733,133$836,043
I-19 Revenue less expensesPrior year $21,645$33,198
Part VI · Governance 8 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $869,241 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $362,346 · Unrelated business $0 · Excluded from tax $0$362,346
VIII-3 Investment incomeRelated to mission $506,895 · Unrelated business $0 · Excluded from tax $0$506,895
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $869,241 · Unrelated business $0 · Excluded from tax $0$869,241
Part IX · Statement of functional expenses $836,043 across 19 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$105,815
IX-7 Other salaries and wages$139,048
IX-8 Pension plan contributions$10,858
IX-9 Other employee benefits$34,269
IX-10 Payroll taxes$19,108
IX-11a Management fees$0
IX-11b Legal fees$1,184
IX-11c Accounting fees$9,000
IX-12 Advertising and promotion$10,588
IX-13 Office expenses$46,484
IX-14 Information technology$31,841
IX-16 Occupancy$66,822
IX-17 Travel$301
IX-19 Conferences, conventions and meetings$31,032
IX-21 Payments to affiliates$12,075
IX-22 Depreciation, depletion and amortization$1,704
IX-23 Insurance$15,354
IX-24 Other expenses (24a–d)$278,636
IX-24e All other expenses$21,924
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$836,043
Part X · Balance sheet $17,485,477 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $322,524$361,660
X-2 Savings and temporary cash investmentsStart of year $7,666,897$6,930,521
X-7 Notes and loans receivableStart of year $7,575,312$7,185,687
X-9 Prepaid expenses and deferred chargesStart of year $64,023$44,696
X-10c Land, buildings and equipment, netStart of year $3,067$3,949
X-15 Other assetsStart of year $1,452,135$2,958,964
X-16 Total assetsStart of year $17,083,958$17,485,477
X-17 Accounts payable and accrued expensesStart of year $13,864$24,343
X-25 Other liabilitiesStart of year $14,404,267$14,762,109
X-26 Total liabilitiesStart of year $14,418,131$14,786,452
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $2,665,827$2,699,025
X-32 Total net assets or fund balancesStart of year $2,665,827$2,699,025
X-33 Total liabilities and net assetsStart of year $17,083,958$17,485,477
Part XI · Reconciliation of net assets $2,699,025 net assets at year end
XI-1 Total revenue$869,241
XI-2 Total expenses$836,043
XI-3 Revenue less expenses$33,198
XI-4 Net assets at start of year$2,665,827
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,699,025

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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