GENERATIONS CREDIT UNION
5618 Harrison Avenue, Rockford, IL 611088110 www.generationscu.org

Total Revenue
$897,250
Total Expenses
$858,428
Net Assets
$2,931,542

Organizations Filed Purposes: To provide to our members high quality full line of financial services, such as loans and savings accounts at the lowest cost and highest rate of return, delivered in a personal, friendly atmosphere.

Provided a Christmas savings plan, Fortune Fund accounts and Vacation club accounts to 488 members. Provided checking accounts to 657 members and IRAs and Certificate of Deposit accounts to 209 members. Received deposits on share accounts from 1,899 members resulting in a total balance on deposit of $16,853,659

Returned 7.9% of gross income to members as dividends to their savings accounts.

Provided credit to members using various loan programs: real estate (first mortgage and home equity) loans, personal (unsecured) loans, and new and used vehicle loans. There was a total number of 647 loans granted to members throughout the year that amounted to $3,938,839. Further, 244 members have a VISA credit card at their disposal with a total credit line of $2,362,300.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Karen JurasekPresident - Treasurer45$73,775
Christopher DausmanBoard Member2$0
Anita RumageBoard Member2$0
Donald FiedlerBoard Vice-Chairman2$0
Aaron KochBoard Member2$0
Peter GiacommazzoBoard Member2$0
Jolene UnangstBoard Member2$0
Gary AskegaardBoard Member2$0
Randall FredingBoard Member2$0
Joanna PetersonSecretary2$0
Robert BoydBoard Member2$0
Dale HillersChairman of the Board2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202121339349302287_public.xml