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Filing year 2024

ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION

Rockford, Illinois·EIN 36-6110489·14
Total revenue
$1M
Total assets
$22.5M
Total expenses
$817k
Reported officers
11
Mission

OUR PURPOSE IS TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS WITH COMPETITIVE RATES WHILE MAINTAINING OUR FINANCIAL STABILITY.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Key Employee
25th percentile to median
$103k
$110k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 23%
from 2023

From $83k in 2023 to $103k in 2024.

$83k
2023
$103k
2024
In today's dollarsEst.
Up 20% in real terms$92k to $110k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 23% from 2023 to 2024, while revenue rose 7%.

$83k in 2023 to $103k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$944k
$701k
2023
$1M
$817k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION

What does the Key Employee of ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION earn?

In 2024, the Key Employee of ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION received $102,692 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION falls between the 25th percentile and the median.

What are ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION's revenue and expenses?

In 2024, ROCKFORD MUNICIPAL EMPLOYEES CREDIT UNION reported $1M in total revenue and $817k in total expenses on its IRS Form 990.

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