TO MAKE A DIFFERENCE IN THE LIVES AND FINANCIAL WELL-BEING OF OUR MEMBERS AND EMPLOYEES. OUR COMMITMENT IS (1) TO GAIN OUR MEMBERS TRUST BY PROVIDING EXCEPTIONAL MEMBER SERVICE (2) TO OFFER A WIDE ARRAY OF FINANCIAL PRODUCTS, SERVICES AND DELIVERY CHANNELS (3) TO EDUCATE OUR MEMBERS IN ALIGNMENT WITH THEIR FINANCIAL GOALS (4) TO RECOGNIZE THE PERFORMANCE, ACHIEVEMENT AND PERSONAL DEVELOPMENT OF OUR EMPLOYEES (5) TO PROTECT OUR MEMBERS' DATA AND PRIVACY (6) TO CONDUCT BUSINESS WITH THE HIGHEST STANDARDS OF ETHICS, INTEGRITY AND HONESTY.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
- Base
- $511k
- Bonus
- $189k
- Other
- $2k
- Benefits
- $9k
- Base
- $248k
- Bonus
- $57k
- Other
- $4k
- Benefits
- $23k
- Base
- $203k
- Bonus
- $47k
- Other
- $3k
- Benefits
- $23k
- Base
- $200k
- Bonus
- $50k
- Other
- $466
- Benefits
- $27k
- Base
- $199k
- Bonus
- $47k
- Other
- $587
- Benefits
- $28k
- Base
- $151k
- Bonus
- $32k
- Other
- $775
- Benefits
- $27k
- Base
- $143k
- Bonus
- $34k
- Other
- $342
- Benefits
- $11k
- Base
- $120k
- Bonus
- $24k
- Other
- $429
- Benefits
- $29k
- Base
- $118k
- Bonus
- $23k
- Other
- $228
- Benefits
- $27k
- Base
- $129k
- Bonus
- $22k
- Other
- $1k
- Benefits
- $11k
- Base
- $124k
- Bonus
- $23k
- Other
- $196
- Benefits
- $11k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President Above 90th percentilevs Public & Societal Benefit peers in Illinois | $511k | $189k | $2k | $9k | $752k $805k |
Senior Vice President, CFO 75th to 90th percentile | $248k | $57k | $4k | $23k | $364k $389k |
Senior Vice President, Len Senior Vice President Median to 75th percentile | $203k | $47k | $3k | $23k | $310k $331k |
Senior Vice President, It/ Senior Vice President 25th percentile to median | $200k | $50k | $466 | $27k | $295k $316k |
Senior Vice President, Bus Senior Vice President 25th percentile to median | $199k | $47k | $587 | $28k | $286k $306k |
Vice President, Service & Board Vice President Median to 75th percentile | $151k | $32k | $775 | $27k | $231k $247k |
Director of Administration Key Employee Median to 75th percentile | $143k | $34k | $342 | $11k | $200k $214k |
Director of Marketing Director (Operational) 75th to 90th percentile | $120k | $24k | $429 | $29k | $180k $193k |
Senior Underwriting Manage Highest Compensated Employee Median to 75th percentile | $118k | $23k | $228 | $27k | $174k $186k |
Director of Accounting Key Employee 25th percentile to median | $129k | $22k | $1k | $11k | $171k $183k |
Director of Risk Highest Compensated Employee 25th percentile to median | $124k | $23k | $196 | $11k | $166k $178k |
Senior Product Manager Highest Compensated Employee 25th percentile to median | — | — | — | — | $145k $155k |
Finance Manager Median to 75th percentilevs all sectors nationwide | — | — | — | — | $130k $139k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 8 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 15%
from 2023
From $652k in 2023 to $752k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 15% from 2023 to 2024, while revenue rose 24%.
- Chief Financial Officer pay rose 7% from 2023 to 2024.
- Senior Vice President pay rose 6% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC)
What does the Chief Executive Officer of ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) earn?
In 2024, the Chief Executive Officer of ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) received $751,676 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations in Illinois, the 2024 pay of the Chief Executive Officer at ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) falls in the top 10%. In 2024, the highest total compensation at ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC)'s revenue and expenses?
In 2024, ABBOTT LABORATORIES EMPLOYEES CREDIT UNION (ALEC) reported $52.2M in total revenue and $40.9M in total expenses on its IRS Form 990.
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