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MAROON FINANCIAL CREDIT UNION

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Public IRS 990 nonprofit record

MAROON FINANCIAL CREDIT UNION

EIN 36-2516351 · Telecommunications (W50)

What they do

Illinois State Chartered Credit Union Operated for The Mutual Benefit of Its Members. The Credit Union Makes Loans to Members and Pays Dividends to Members With Share Deposits At A Competetive Rate of Interest.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$107.83spent for every $100 of revenueSpending was higher than revenue this year.
$15.97in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $241,784 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $148,284 for SCOTT MUNIZ (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$3,087,998
Expenses$3,329,782
Annual shortfall $241,784 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$3,087,998
Expenses$3,329,782
Assets$53,168,479
Income$3,087,998
Stocks and bonds$12,240,422
Accounting fees$6,435
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SCOTT MUNIZPRESIDENT · 50 hrs/week $148,284Base $138,287 · Other $9,997
THOMAS AGNEWVICE PRESIDENT · 50 hrs/week $131,393Base $104,713 · Other $26,680

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

SCOTT MUNIZPRESIDENT

THOMAS AGNEWVICE PRESIDENT

CHRISTOPHER HEISERCHAIRMAN

ESTY GURBOARD MEMBER

HENRY WAYSECRETARY

JANICE COBBBOARD MEMBER

JENNIFER LOPEZBOARD MEMBER

KATHERINE KARVUNISBOARD MEMBER

PATRICIA FERRITERTREASURER

STEPHANIE PRESHON-BAKERBOARD MEMBER

WAKARA TERRYBOARD MEMBER

About this charity

Recognized since
January 1957
Location
5525-C S Ellis Avenue, Chicago, IL 60637
County
Cook
In care of
Scott Muniz
Primary officer
Scott Muniz, President & CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
EIFEL RAMBO ADVISORY GROUP LTD
NTEE classification
Telecommunications (W50)
IRS tax category
Telecommunications

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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