2023-04-20T11:43:12-07:00 2022-12-31 990 2022-01-01 237250155 BAXTER CREDIT UNION BAXT 8003887000 340 North Milwaukee Avenue Vernon Hills IL 60061 Chuck Smith Controller 8479328401 2023-05-15 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Mike Valentine 340 North Milwaukee Avenue Vernon Hills IL 60061 350442030 0 X bcu.org X Credit Union 1981 IL The organization is a full service, state-chartered credit union providing a broad range of loan and deposit products and other financial services to its members located throughout the US and Puerto Rico using various channels including branches, a call center, and the internet. 11 10 0 11 0 0 0 0 306377015 316656002 9791130 33786028 0 0 316168145 350442030 0 0 0 0 93420802 98057215 0 0 0 146987232 195047482 240408034 293104697 75760111 57337333 5072223238 5751484149 4584267558 5246732646 487955680 504751503 The organization is a full service, state-chartered credit union providing a broad range of loan and deposit products and other financial services to it members located throughout the US and Puerto Rico using various channels including branches, a call center, and the internet. 0 0 Provided 6,432 first mortgages for $2,165,388,284 Provided 236,145 member loans for $4,824,057,051 Offered loans, deposits, and other financial services to 341,314 members 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 X 11 10 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 1 1 1 1 1 0 CA X Chuck Smith 8479328401 340 North Milwaukee Avenue Vernon Hills IL 60061 Michael Valentine President, CEO and Treasurer 40 0 X 0 1473300 0 Tom Moore EVP 40 0 X X 0 886496 0 Carl Presto EVP/CFO 40 0 X 0 663679 0 James Block EVP/Chief Operating Officer 40 0 X 0 645901 0 Lisa Baron EVP/CHRO 40 0 X 0 633150 0 David Blum EVP Corporate Relationships and US Service Centers 40 0 X 0 542957 0 Edwin T Watson Wealth Advisor 40 0 X 0 439729 0 David Brydun SVP/Chief Lending Officer 40 0 X 0 400537 0 John Anderson Investment Advisors 40 0 X 0 362343 0 Charles Smith VP/Controller 40 0 X 0 323365 0 Stephanie Southard VP/CISO 40 0 X 0 312068 0 Dan Parsons SVP US Service Centers 40 0 X 0 303712 0 Jeffery Johnson EVP 40 0 X X 0 299165 0 Jill Sammons SVP/Marketing and Brand Strategy 40 0 X 0 294448 0 Maria Garcia SVP/Member Operations 40 0 X 0 293445 0 Carey Price SVP/Digital Strategy and Delivery 40 0 X 0 293037 0 Kerriann Mills VP/General Counsel 40 0 X 0 291617 0 Douglas Wright VP/Audit 40 0 X 0 286912 0 John Sahagian VP 40 0 X 0 286335 0 Robert Orlich Jr Consumer Loan Sales 40 0 X 0 277204 0 Scott Zulpo EVP/CIO 40 0 X 0 264899 0 Robert Pondelicek Sr Dir, Real Estate Sales & Service 40 0 X 0 263137 0 Alex Melnik Director of Busines Intelligence 40 0 X 0 241962 0 Kenneth Dryfthout VP/Strategy 40 0 X X 0 112396 0 Michael Curran Chairman 40 0 X 0 46125 0 Paul Martin Director 40 0 X 0 35875 0 Christine Fleming Director and Secretary 40 0 X 0 35875 0 Ola Snow Director 40 0 X 0 30750 0 Brett Craig Director 40 0 X 0 30750 0 Al Nietzel Director 40 0 X 0 30750 0 Betty Larson Director 40 0 X 0 30750 0 David Strauss Director 40 0 X 0 30750 0 Bill Costa Director 40 0 X 0 30750 0 Christine McCauley Director 40 0 X 0 25875 0 Robin Wells Director 40 0 X 0 15375 0 Mark Rosenbaum Director 40 0 X X 0 15000 0 0 10550419 0 197 1 1 0 0 0 Interest on Loans 522130 198371580 198371580 0 0 Interchange Income 522130 43027901 43027901 0 0 Other Mortgage Income 522130 14302152 14302152 0 0 Service Charges/Other income 522130 31977135 31977135 0 0 Other Non-interest Income 522130 28977234 28977234 0 0 0 0 0 0 316656002 33786028 33786028 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 350442030 350442030 0 0 77926461 3569183 10945091 5616480 339839 69504 8722494 6883173 8195019 18192689 2632990 1666502 29455620 11300057 478671 Provision for Loan Losses 11900000 Dividends on member and non member shares 31292530 Loan costs 36119967 27798427 293104697 0 0 0 39902207 44262823 357089332 304338101 4072448424 4794875539 8035164 8126281 190677372 80051914 51256789 110625458 339282552 277505509 88029259 97315968 116179511 114434470 5072223238 5751484149 66164950 72318365 135000000 665000000 4383102608 4509414281 4584267558 5246732646 X 0 0 0 0 487955680 504751503 487955680 504751503 5072223238 5751484149 57337333 -40541510 0 0 0 0 X 0 1 1 0 15000 0 0 15000 15000 1 Credit Union Political Action Council 1807 West Diehl Road Naperville IL 60563 363092340 15000 0 Schedule C, Part I-A, Line 1 The credit union's only political activity was the contribution to CUPAC. Schedule C, Part I-C, Line 5 The credit union's only political activity was the contribution to CUPAC. 16854585 0 16854585 61639601 0 11807649 49831952 15587306 0 8528606 7058700 88770253 0 59715659 29054594 7825627 0 0 7825627 110625458 0 Member Shares 4339225447 Non Member Shares 170188834 4509414281 350442030 0 0 0 0 0 350442030 0 0 0 350442030 293104697 0 0 0 0 0 293104697 0 0 0 293104697 X 1 1 X X 0 0 0 Michael Valentine President, CEO and Treasurer 0 1473300 0 0 0 0 0 0 0 0 0 1473300 0 1336098 Tom Moore EVP 0 886496 0 0 0 0 0 0 0 0 0 886496 0 1170595 Carl Presto EVP/CFO 0 663679 0 0 0 0 0 0 0 0 0 663679 0 475086 James Block EVP/Chief Operating Officer 0 645901 0 0 0 0 0 0 0 0 0 645901 0 547577 Lisa Baron EVP/CHRO 0 633150 0 0 0 0 0 0 0 0 0 633150 0 542327 David Blum EVP Corporate Relationships and US Service Centers 0 542957 0 0 0 0 0 0 0 0 0 542957 0 422889 Edwin T Watson Wealth Advisor 0 439729 0 0 0 0 0 0 0 0 0 439729 0 382892 John Anderson Investment Advisors 0 362343 0 0 0 0 0 0 0 0 0 362343 0 341277 Charles Smith VP/Controller 0 323365 0 0 0 0 0 0 0 0 0 323365 0 279573 David Brydun SVP/Chief Lending Officer 0 400537 0 0 0 0 0 0 0 0 0 400537 0 420650 Stephanie Southard VP/CISO 0 312068 0 0 0 0 0 0 0 0 0 312068 0 253458 Dan Parsons SVP US Service Centers 0 303712 0 0 0 0 0 0 0 0 0 303712 0 256279 Jeffery Johnson EVP 0 299165 0 0 0 0 0 0 0 0 0 299165 0 317612 Jill Sammons SVP/Marketing and Brand Strategy 0 294448 0 0 0 0 0 0 0 0 0 294448 0 264686 Maria Garcia SVP/Member Operations 0 293445 0 0 0 0 0 0 0 0 0 293445 0 236530 Carey Price SVP/Digital Strategy and Delivery 0 293037 0 0 0 0 0 0 0 0 0 293037 0 333773 Kerriann Mills VP/General Counsel 0 291617 0 0 0 0 0 0 0 0 0 291617 0 0 Douglas Wright VP/Audit 0 286912 0 0 0 0 0 0 0 0 0 286912 0 250287 John Sahagian VP 0 286335 0 0 0 0 0 0 0 0 0 286335 0 259329 Robert Orlich Jr Consumer Loan Sales 0 277204 0 0 0 0 0 0 0 0 0 277204 0 263100 Scott Zulpo EVP/CIO 0 264899 0 0 0 0 0 0 0 0 0 264899 0 331601 Robert Pondelicek Sr Dir, Real Estate Sales & Service 0 263137 0 0 0 0 0 0 0 0 0 263137 0 253966 Alex Melnik Director of Busines Intelligence 0 241962 0 0 0 0 0 0 0 0 0 241962 0 219629 Kenneth Dryfthout VP/Strategy 0 112396 0 0 0 0 0 0 0 0 0 112396 0 265759 Schedule J, Part I, Line 1a BCU pays for golf membership for Mike Valentine CEO, Dave Blum SVP Business Development, and Dan Parsons SVP Community Branches Form 990, Part VI, Section A, Line 6 The credit union members elect directors and appoint outside auditor during the annual meeting held in March. One director is the President of the credit union. Form 990, Part VI, Section A, Line 7a The credit union members elect directors and appoint outside auditor during the annual meeting held in March. One director is the President of the credit union. Form 990, Part VI, Section A, Line 7b The credit union members elect directors and appoint outside auditor during the annual meeting held in March. One director is the President of the credit union. Form 990, Part VI, Section B, Line 11b Form 990 is reviewed for accuracy by the Controller and CFO prior to submission to the IRS. Form 990, Part VI, Section B, Line 12c The credit union has a written code of conduct which includes a "conflict of interest" clause requiring all employees to complete online at time of employment. Form 990, Part VI, Section B, Line 15 Compensation was determined by reviewing third party benchmarks by the Executive Committee of the BOD. Form 990, Part VI, Section C, Line 19 The credit union will provide its governing documents, interest policy, and financial statements to its membership upon request. BCU Wealth Advisors LLC 300 N Milwaukee Avenue Vernon Hills IL 60061 460191600 Financial Advisors IL 3990490 273633 Baxter Credit Union Life Money You LLC 340 N Milwaukee Avenue Veron Hills IL 60061 Financial Well-Being IL 0 15000 Baxer Credit Union Baxter Healthcare Corporation One Baxter Parkway Deerfield IL 60015 362604143 medical supplies DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Baxter Healthcare Corporation o 96834438 Salaries and Fringe Benefits