Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
19 people listed on the 990; $2.0M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sheila Schinke | $501,977 | — | — | — | — |
| Sheila M Schinke | — | $395,645 | $363,598 | $303,040 | $293,195 |
| Jeff Garrett | — | — | $314,268 | $168,878 | $201,138 |
| John Schemm | — | $162,395 | $276,031 | $145,129 | $143,142 |
| Michelle McClelland | $257,954 | $214,831 | $203,666 | $179,292 | $181,109 |
| Todd Thiel | $241,532 | $226,842 | $106,288 | — | — |
| Kari Christoph | $208,605 | $169,114 | $163,697 | $146,926 | $140,094 |
| Kristina Flores | $171,622 | $169,109 | $151,061 | $125,969 | $122,198 |
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
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Provides financial services through a member-owned cooperative.
Questions for Prospera Credit Union
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The organization operates as a financial cooperative serving and owned by its members.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $29.2M | $14.2M |
| InvestmentsLn 11–13 | $20.0M | $20.2M |
| Land, buildings, equipmentLn 10c | $9.0M | $9.2M |
| Total assetsLn 16 | $346.1M | $364.6M |
| LiabilitiesLn 26 | $316.1M | $334.7M |
| Net assetsLn 32 | $30.0M | $29.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.3M | |||
| Other salaries and wagesLn 7 | $4.6M | |||
| Pension plan contributionsLn 8 | $268K | |||
| Other employee benefitsLn 9 | $991K | |||
| Payroll taxesLn 10 | $441K | |||
| Management feesLn 11a | $203K | |||
| Legal feesLn 11b | $135K | |||
| Accounting feesLn 11c | $70K | |||
| Advertising and promotionLn 12 | $702K | |||
| Office expensesLn 13 | $633K | |||
| Information technologyLn 14 | $413K | |||
| OccupancyLn 16 | $478K | |||
| TravelLn 17 | $19K | |||
| Conferences, conventions and meetingsLn 19 | $295 | |||
| InterestLn 20 | $795K | |||
| Depreciation, depletion and amortizationLn 22 | $477K | |||
| InsuranceLn 23 | $49K | |||
| Other expenses (24a–d)Ln 24 | $3.7M | |||
| All other expensesLn 24e | $363K | |||
| Total functional expensesLn 25 | $15.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $23.8M | $23.3M | $552K | $31.0M | 990 PDF |
| FY2023 | $21.7M | $21.7M | $56K | $30.0M | 990 PDF |
| FY2022 Viewing | $16.9M | $15.6M | $1.3M | $29.9M | 990 PDF |
| FY2021 | $15.4M | $12.8M | $2.6M | $30.0M | 990 PDF |
| FY2020 | $14.7M | $12.6M | $2.1M | $27.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $16,930,595 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $16,930,595 across 5 lines filed
Part IX · Statement of functional expenses $15,633,775 across 19 lines filed
Part X · Balance sheet $364,585,520 assets, 16 lines filed
Part XI · Reconciliation of net assets $29,919,284 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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