Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.
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; $2.3M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Paula O'Rourke | $651,575 | $590,657 | $473,312 | $414,013 | $297,902 | $244,404 |
| Jennifer Lorenz | — | — | — | $144,680 | $476,459 | $451,844 |
| Jeremy Riynolds | $299,399 | — | — | — | — | — |
| Jeremy Reynolds | — | $267,332 | — | — | — | — |
| Daniel Limbert | $262,439 | $239,301 | $211,524 | $183,638 | $173,395 | $168,538 |
| Tracy Taylor | — | — | $127,314 | $206,203 | $249,362 | $255,746 |
| Nick Mundorf | — | — | — | — | $195,841 | $250,604 |
| Richard Head | — | — | — | $233,466 | $179,067 | $177,952 |
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 II6 listed
Programs and updates
Corda Credit Union is a member-serving organization based in Cedar Rapids, IA, formed in 1935.
Questions for Corda Credit Union
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By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $35.8M | $34.1M |
| InvestmentsLn 11–13 | $15.2M | $14.4M |
| Land, buildings, equipmentLn 10c | $14.7M | $21.4M |
| Total assetsLn 16 | $686.6M | $726.1M |
| LiabilitiesLn 26 | $616.1M | $655.4M |
| Net assetsLn 32 | $70.4M | $70.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $1.8M | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $6.4M | |||
| Pension plan contributionsLn 8 | $679K | |||
| Other employee benefitsLn 9 | $1.2M | |||
| Payroll taxesLn 10 | $574K | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | −$665K | |||
| Accounting feesLn 11c | $38K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $2.3M | |||
| Office expensesLn 13 | $2.5M | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $1.0M | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $211K | |||
| InterestLn 20 | $3.3M | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $933K | |||
| InsuranceLn 23 | $141K | |||
| Other expenses (24a–d)Ln 24 | $25.3M | |||
| All other expensesLn 24e | $2.6M | |||
| Total functional expensesLn 25 | $48.2M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $47.7M | $48.2M | −$488K | $70.8M | 990 PDF |
| FY2024 | $44.2M | $39.1M | $5.2M | $70.4M | 990 PDF |
| FY2023 | $36.0M | $29.3M | $6.7M | $65.5M | 990 PDF |
| FY2022 | $28.8M | $22.8M | $6.0M | $59.7M | 990 PDF |
| FY2021 | $26.4M | $20.0M | $6.3M | $55.3M | 990 PDF |
| FY2020 | $25.5M | $22.0M | $3.5M | $49.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $47,701,316 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $47,701,316 across 8 lines filed
Part IX · Statement of functional expenses $48,189,704 across 31 lines filed
Part X · Balance sheet $726,146,859 assets, 18 lines filed
Part XI · Reconciliation of net assets $70,762,489 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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