Kankakee Federation of Teachers Credit Union
Nonprofit profile at a glance
- EIN
- 362443404
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Kankakee, IL, USA
- Phone
- 8158024323
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $495,312
- Expenses
- $439,972
- Assets
- $10,382,415
- Liabilities
- $9,132,923
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JENNIFER CONN (PRESIDENT/TREASURER)
Highest reported compensation
- JENNIFER CONN (PRESIDENT/TREASURER): $37,128 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As a small and successful credit union committed to teachers helping teachers, the kankakee federation of teachers credit union has as its mission to provide sound, stable, and secure financial services to its present and future members.
What it reported doing in 2025
The credit union provided over 700 loans to its members and held over 1,500 member share-type accounts for its members.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 90
- Accountability: 60
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 21st percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.2%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 23.6; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.88; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 8.4%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 42.9% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 100% of spending went to programs
- Governance: 6 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $37K · 9 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 28/100.