Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1944.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $89K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Karen Jurasek | $99,317 | $91,819 | $88,810 | $88,354 | $78,950 | $73,775 |
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 affordable loans and savings accounts with great returns in a friendly setting.
Questions for Generations Credit Union
Your first name shows with your question. Generations Credit Union answers here, for everyone.
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Provided a Christmas savings plan, Fortune Fund accounts and Vacation club accounts to 496 members. Provided checking accounts to 783 members and IRAs and Certificate of Deposit accounts to 198 members. Received deposits on share accounts from 1,857 members resulting in a total balance on deposit of $18,419,699.
Provided Credit to Members Using Various Loan Programs
real estate (first mortgage and home equity) loans, personal (unsecured) loans, and new and used vehicle loans. There was a total number of 768 loans granted to members throughout the year that amounted to $3,627,065. Further, 219 members have a VISA credit card at their disposal with a total credit line of $2,177,300.
Returned 9.4% of gross income to members as dividends to their savings accounts.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $521K | $660K |
| InvestmentsLn 11–13 | $8.2M | $9.3M |
| Land, buildings, equipmentLn 10c | $842K | $820K |
| Total assetsLn 16 | $21.4M | $22.0M |
| LiabilitiesLn 26 | $18.1M | $18.6M |
| Net assetsLn 32 | $3.3M | $3.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $97K | $97K | $0 | $0 |
| Other salaries and wagesLn 7 | $215K | $215K | $0 | $0 |
| Pension plan contributionsLn 8 | $2K | $2K | $0 | $0 |
| Other employee benefitsLn 9 | $55K | $55K | $0 | $0 |
| Payroll taxesLn 10 | $30K | $30K | $0 | $0 |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $6K | $6K | $0 | $0 |
| Accounting feesLn 11c | $26K | $26K | $0 | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $78K | $78K | $0 | $0 |
| Advertising and promotionLn 12 | $15K | $15K | $0 | $0 |
| Office expensesLn 13 | $46K | $46K | $0 | $0 |
| Information technologyLn 14 | $43K | $43K | $0 | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $72K | $72K | $0 | $0 |
| TravelLn 17 | $0 | $0 | $0 | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $4K | $4K | $0 | $0 |
| InterestLn 20 | $426 | $426 | $0 | $0 |
| Payments to affiliatesLn 21 | $10K | $10K | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $43K | $43K | $0 | $0 |
| InsuranceLn 23 | $13K | $13K | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $133K | $133K | $0 | $0 |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $888K | $888K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.3M | $1.1M | $159K | $3.6M | 990 PDF |
| FY2024 | $1.2M | $1.1M | $36K | $3.4M | 990 PDF |
| FY2023 Viewing | $989K | $888K | $102K | $3.4M | 990 PDF |
| FY2022 | $938K | $836K | $102K | $3.3M | 990 PDF |
| FY2021 | $1.1M | $859K | $243K | $3.2M | 990 PDF |
| FY2020 | $897K | $858K | $39K | $2.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $989,125 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, no flags
Part VIII · Statement of revenue $989,125 across 6 lines filed
Part IX · Statement of functional expenses $887,601 across 30 lines filed
Part X · Balance sheet $22,011,632 assets, 22 lines filed
Part XI · Reconciliation of net assets $3,377,587 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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