Numark Credit Union: Nonprofit Profile, Financials & Form 990 (EIN 36-6006909)

Michelle Balog’s $369K as President/CEO is at the 62nd percentile of top reported officer pay among 232 $10–100M 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	FY2023	FY2022	FY2021	FY2020
Lloyd Fredendall	$232,701	$393,074	$401,078	$884,503	$354,417	—
Ann Dubie	—	—	—	—	—	$432,949
Michelle Balog	$368,521	$297,841	$293,039	$266,138	$251,877	$244,850
Susan Pfeiffer	$195,580	$185,617	—	—	—	$357,144
Harold Stewart	—	—	—	—	$268,174	$226,561
Bernard Niewoehner	$219,014	$228,106	$224,277	$201,387	$184,530	—
Steve Clark	$226,648	$209,616	$200,341	$174,662	—	—
Kevin Quinn	$225,019	$194,063	—	—	—	—

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 Numark 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

Helps members save, borrow affordably, and manage their money to improve their lives.

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2 programs · in their own filed words · FY2025

01

DEPOSIT/SHARE accounts (savings, checking, certificates and other) the number of DEPOSIT/SHARE accounts outstanding at 12/31/25 was 120,794.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-6006909) · Dispute this line

Pt IX · Ln 25 · col B

02

Loans (real estate, credit card, vehicle and other) are provided to members. The number of loans outstanding at 12/31/25 was 69,358.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-6006909) · 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

Illinois Credit Union FoundationFY2024$6K

Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$61.4M

Ln 12

Fees for servicesLn 2g$54.3M

Investment incomeLn 3$7.1M

Money outPt IX

$55.4M

Ln 25

Owns and owesPt X

$93.2M

net assets · Ln 32

Cash and savingsLn 1–2$103.8M

Total assetsLn 16$884.7M

LiabilitiesLn 26$791.6M

PeoplePt VI, VII

21

listed · VII A

PaidVII A11

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$54.3M

Investment incomeLn 3$7.1M

Total revenueLn 12$61.4M

Assets in detailPt X, end of year

CashLn 1$5.2M

SavingsLn 2$98.7M

Cash and savings togetherLn 1–2$103.8M

Accounts receivableLn 4$660.9M

Prepaid expenses and deferred chargesLn 9$1.3M

Land, buildings, equipmentLn 10c$13.7M

InvestmentsLn 11–13$55.7M

Other assetsLn 15$49.4M

Total assetsLn 16$884.7M

LiabilitiesLn 26$791.6M

Net assetsLn 32$93.2M

OperationsPt I, VI

EmployeesI 5106

VolunteersI 68

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$106.3M	$103.8M
InvestmentsLn 11–13	$52.0M	$55.7M
Land, buildings, equipmentLn 10c	$12.9M	$13.7M
Total assetsLn 16	$850.4M	$884.7M
LiabilitiesLn 26	$764.3M	$791.6M
Net assetsLn 32	$86.1M	$93.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$2.4M
Other salaries and wagesLn 7	$10.4M
Pension plan contributionsLn 8	$1.3M
Other employee benefitsLn 9	$3.0M
Payroll taxesLn 10	$1.1M
Legal feesLn 11b	$504K
Accounting feesLn 11c	$174K
Advertising and promotionLn 12	$1.0M
Office expensesLn 13	$1.1M
Information technologyLn 14	$1.1M
OccupancyLn 16	$1.8M
TravelLn 17	$178K
InterestLn 20	$2.2M
Depreciation, depletion and amortizationLn 22	$1.1M
Other expenses (24a–d)Ln 24	$27.4M
All other expensesLn 24e	$533K
Total functional expensesLn 25	$55.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Mar 24, 2026	$61.4M	$55.4M	$6.0M	$93.2M	990 PDF
FY2024Filed with the IRS Apr 9, 2025	$53.6M	$47.0M	$6.6M	$86.1M	990 PDF
FY2023Filed with the IRS Apr 29, 2024	$46.7M	$41.5M	$5.2M	$80.0M	990 PDF
FY2022Filed with the IRS May 9, 2023	$35.0M	$28.4M	$6.6M	$74.8M	990 PDF
FY2021Filed with the IRS May 13, 2022	$32.6M	$26.4M	$6.1M	$68.3M	990 PDF
FY2020Filed with the IRS May 11, 2021	$22.6M	$17.2M	$5.4M	$45.1M	990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations

See the full FY2025 990

Part I · Summary $61,360,817 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $48,165,469$54,286,544

I-10 Investment incomePrior year $5,389,174$7,074,273

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $53,554,643$61,360,817

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 $16,143,757$18,222,406

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $30,820,707$37,179,152

I-18 Total expensesPrior year $46,964,464$55,401,558

I-19 Revenue less expensesPrior year $6,590,179$5,959,259

Part VI · Governance 10 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $61,360,817 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,286,544$54,286,544

VIII-3 Investment incomeRelated to mission $7,074,273$7,074,273

VIII-12 Total revenueRelated to mission $61,360,817 · Unrelated business $0 · Excluded from tax $0$61,360,817

Part IX · Statement of functional expenses $55,401,558 across 16 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)$2,437,412

IX-7 Other salaries and wages$10,357,616

IX-8 Pension plan contributions$1,306,813

IX-9 Other employee benefits$3,035,551

IX-10 Payroll taxes$1,085,014

IX-11b Legal fees$503,834

IX-11c Accounting fees$174,000

IX-12 Advertising and promotion$1,046,697

IX-13 Office expenses$1,129,467

IX-14 Information technology$1,129,303

IX-16 Occupancy$1,776,904

IX-17 Travel$177,586

IX-20 Interest$2,174,792

IX-22 Depreciation, depletion and amortization$1,126,525

IX-24 Other expenses (24a–d)$27,407,086

IX-24e All other expenses$532,958

IX-25 Total functional expenses$55,401,558

Part X · Balance sheet $884,714,514 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $4,301,104$5,162,707

X-2 Savings and temporary cash investmentsStart of year $101,951,400$98,666,442

X-4 Accounts receivableStart of year $629,489,551$660,856,187

X-9 Prepaid expenses and deferred chargesStart of year $832,626$1,332,083

X-10c Land, buildings and equipment, netStart of year $12,945,280$13,670,267

X-12 Other securitiesStart of year $4,929,414$7,080,218

X-13 Program-related investmentsStart of year $47,021,162$48,573,015

X-15 Other assetsStart of year $48,893,615$49,373,595

X-16 Total assetsStart of year $850,364,152$884,714,514

X-17 Accounts payable and accrued expensesStart of year $8,565,071$9,584,859

X-24 Unsecured notes and loans payableStart of year $47,400,000$47,400,000

X-25 Other liabilitiesStart of year $708,320,990$734,570,817

X-26 Total liabilitiesStart of year $764,286,061$791,555,676

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 $86,078,091$93,158,838

X-32 Total net assets or fund balancesStart of year $86,078,091$93,158,838

X-33 Total liabilities and net assetsStart of year $850,364,152$884,714,514

Part XI · Reconciliation of net assets $93,158,838 net assets at year end

XI-1 Total revenue$61,360,817

XI-2 Total expenses$55,401,558

XI-3 Revenue less expenses$5,959,259

XI-4 Net assets at start of year$86,078,091

XI-5 Net unrealized gains (losses) on investments$1,121,488

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$93,158,838

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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