Aim Credit Union

Dubuque, IAMutual-benefit / member-servingSince 1933EIN 42-0329305

This page gets seen. Tell your story. Claim this org.

To deliver exceptional service and personalized financial solutions that help our members achieve their goals.

Run by 11 volunteers and 40 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$266K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
59 mo
of spending, in cash
Looks good: 59.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$164.3M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.9M
+11% vs prior year
Spent
$8.6M
To programs
0%
Net assets
$24.0M
By yearFY2020–FY2024
Revenue
$9.9M
FY2024▲ +11%
Revenue by fiscal year
FY2020$6.8M
FY2021$6.1M
FY2022$6.7M
FY2023$8.9M
FY2024$9.9M
Expenses
$8.6M
FY2024▲ +9%
Expenses by fiscal year
FY2020$5.6M
FY2021$5.2M
FY2022$5.6M
FY2023$7.9M
FY2024$8.6M
Net assets
$24.0M
FY2024▲ +7%
Net assets by fiscal year
FY2020$17.7M
FY2021$18.6M
FY2022$19.1M
FY2023$22.6M
FY2024$24.0M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.

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

Who runs it and what they're paid

12 people listed on the 990; $266K paid to officers and key staff.

Part VII, Section A · reportable compensation
President /
$266,145Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director/Aud
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Mike Moroney$266,145$244,762$220,178$200,482$197,948

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 Aim Credit Union executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Provides personalized financial solutions to help members reach their goals.

Provided by the organization

This section is blank until Aim Credit Union claims this page.

Know this organization? Claim it to add your story

2 program services, described in the organization's own filed words · FY2024.
01

The credit union has several types of loan programs available for our members. We funded 1,747 new loans during 2024. As of 12/31/24 we had 7,619 outstanding loans receivable.

Pt IX · col B
02

The credit union has various types of deposit accounts available for our members. We opened 2,324 new deposit accounts in 2024. As of 12/31/24 we had 14,266 members.

Pt IX · col B

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $150K · 2020–2024
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$7,500
Unitemized GrantFY2022$22,500
Unitemized GrantFY2021$75,000
Unitemized GrantFY2020$30,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.9M
Ln 12
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$25K
Money outPt IX
$8.6M
Ln 25
Owns and owesPt X
$24.0M
net assets · Ln 32
Cash and savingsLn 1–2$42.1M
Total assetsLn 16$188.3M
LiabilitiesLn 26$164.3M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$25K
Total revenueLn 12$9.9M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$39.8M
Cash and savings togetherLn 1–2$42.1M
InvestmentsLn 11–13$11.9M
Land, buildings, equipmentLn 10c$6.2M
Other assetsLn 15$6.1M
Total assetsLn 16$188.3M
LiabilitiesLn 26$164.3M
Net assetsLn 32$24.0M
OperationsPt I, VI
EmployeesI 540
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$23.4M$42.1M
InvestmentsLn 11–13$17.9M$11.9M
Land, buildings, equipmentLn 10c$6.4M$6.2M
Total assetsLn 16$184.9M$188.3M
LiabilitiesLn 26$162.3M$164.3M
Net assetsLn 32$22.6M$24.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K
Grants to domestic individualsLn 2$15K
Pay of current officers, directors and key staffLn 5$266K
Other salaries and wagesLn 7$1.5M
Pension plan contributionsLn 8$110K
Other employee benefitsLn 9$384K
Payroll taxesLn 10$152K
Legal feesLn 11b$43K
Other fees for servicesLn 11g$563K
Advertising and promotionLn 12$109K
Office expensesLn 13$662K
Information technologyLn 14$284K
OccupancyLn 16$159K
Conferences, conventions and meetingsLn 19$52K
Depreciation, depletion and amortizationLn 22$264K
InsuranceLn 23$63K
Other expenses (24a–d)Ln 24$3.9M
Total functional expensesLn 25$8.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.9M$8.6M$1.3M$24.0M 990 PDF
FY2023 $8.9M$7.9M$997K$22.6M 990 PDF
FY2022 $6.7M$5.6M$1.1M$19.1M 990 PDF
FY2021 $6.1M$5.2M$879K$18.6M 990 PDF
FY2020 $6.8M$5.6M$1.2M$17.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $9,869,111 across 6 lines filed
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$15,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,788,648 · Unrelated business $44,780$7,833,428
VIII-3 Investment incomeExcluded from tax $1,995,301$1,995,301
VIII-5 RoyaltiesExcluded from tax $25,382$25,382
VIII-12 Total revenueRelated to mission $7,788,648 · Unrelated business $44,780 · Excluded from tax $2,020,683$9,869,111
Part IX · Statement of functional expenses $8,571,636 across 17 lines filed
IX-1 Grants to domestic organizations$8,156
IX-2 Grants to domestic individuals$15,000
IX-5 Pay of current officers, directors and key staff$266,145
IX-7 Other salaries and wages$1,518,620
IX-8 Pension plan contributions$109,669
IX-9 Other employee benefits$384,002
IX-10 Payroll taxes$151,690
IX-11b Legal fees$42,581
IX-11g Other fees for services$563,132
IX-12 Advertising and promotion$108,540
IX-13 Office expenses$662,436
IX-14 Information technology$283,639
IX-16 Occupancy$159,185
IX-19 Conferences, conventions and meetings$51,679
IX-22 Depreciation, depletion and amortization$263,542
IX-23 Insurance$63,209
IX-24 Other expenses (24a–d)$3,920,411
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$8,571,636
Part X · Balance sheet $188,296,718 assets, 13 lines filed
Asset lines not itemized here account for $121,418,347; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,756,140$2,289,800
X-2 Savings and temporary cash investmentsStart of year $21,661,777$39,840,419
X-9 Prepaid expenses and deferred chargesStart of year $112,767$175,970
X-10c Land, buildings and equipment, netStart of year $6,438,360$6,198,994
X-13 Program-related investmentsStart of year $17,865,094$11,850,366
X-14 Intangible assetsStart of year $652,099$428,910
X-15 Other assetsStart of year $7,237,497$6,093,912
X-16 Total assetsStart of year $184,858,645$188,296,718
X-17 Accounts payable and accrued expensesStart of year $1,045,898$617,220
X-25 Other liabilitiesStart of year $160,617,551$162,895,259
X-26 Total liabilitiesStart of year $162,285,651$164,251,264
X-32 Total net assets or fund balancesStart of year $22,572,994$24,045,454
X-33 Total liabilities and net assetsStart of year $184,858,645$188,296,718
Part XI · Reconciliation of net assets $24,045,454 net assets at year end
XI-1 Total revenue$9,869,111
XI-2 Total expenses$8,571,636
XI-3 Revenue less expenses$1,297,475
XI-4 Net assets at start of year$22,572,994
XI-5 Net unrealized gains (losses) on investments$174,985
XI-10 Net assets at end of year$24,045,454

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.