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EIN 36-2516351

Maroon Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
16
City
Chicago
State
Illinois
Year formed
1957
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Maroon Financial Credit Union operates as an Illinois state chartered credit union with a mission to benefit its members by making loans and paying dividends at a competitive rate of interest. The credit union offers on-line banking and bill paying and boasts 11,839 share accounts totaling $51,500,587 while also servicing 1,895 outstanding loans worth $27,940,328.
Total revenues
$2,844,638
2022
Total expenses
$2,503,416
2022
Total assets
$59,961,130
2022
Num. employees
16
2022

Program areas at Maroon Financial Credit Union

The credit union makes and services consumer loans and real estate loans to members. The number of loans outstanding at 12/31/22 is 1,950 for a total of $31,434,446.
The Credit Union pays out dividends to its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/22 is 11,757 for a total of $52,255,915. The Credit Union also offers on-line banking and bill paying and a variety of investment vehicles.

Personnel at Maroon Financial Credit Union

NameTitleCompensation
Scott MunizPresident and Chief Executive Officer$133,601
Henry WaySecretary$0
Thomas AgnewVice President$115,792
Patricia FerriterTreasurer$0
Christopher HeiserChairman$0
...and 4 more key personnel

Financials for Maroon Financial Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$2,493,243
Investment income and dividends$351,395
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,844,638

Form 990s for Maroon Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-10-11990View PDF
2020-122021-10-14990View PDF
2019-122021-06-25990View PDF
2018-122019-11-05990View PDF
...and 9 more Form 990s
Data update history
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 14, 2021
Posted financials
Added Form 990 for fiscal year 2019
October 6, 2021
Updated personnel
Identified 6 new personnel
Nonprofit Types
Credit unions
Issues
No issues found
Characteristics
MembershipsState / local level
General information
Address
5525-c S Ellis Ave
Chicago, IL 60637
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
maroonfinancial.org/ 
Phone
(773) 702-7179
IRS details
EIN
36-2516351
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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