Civic Intelligence

Maroon Financial Credit Union

EIN 36-2516351 • 501(c)14 • Chicago, IL

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Profile

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.

5525-C S Ellis AvenueChicago, IL 60637

www.maroonfinancial.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.87x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

32nd percentile

15.06x

Higher debt load relative to revenue than 32% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

6th percentile

-7.8%

Higher net margin than 6% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$148,284

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

$50M-$100M nonprofits • Source year 2024

Asset Growth

8th percentile

-5.8%

Faster asset growth than 8% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

23rd percentile

4.2%

Faster revenue growth than 23% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$53,168,479

Down $1,862,338 (-3.4%) from 2023

Liabilities

Down

$46,493,872

Down $1,885,499 (-3.9%) from 2023

Net Assets

Up

$6,674,607

Up $23,161 (+0.3%) from 2023

Operations
Liabilities / Revenue32nd percentileNet Margin6th percentile

Revenue

Down

$3,087,998

Down $123,459 (-3.8%) from 2023

Expenses

Up

$3,329,782

Up $502,512 (+18%) from 2023

Net Income

Down

-$241,784

Down $625,971 (-163%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $28,704,233Liabilities 2010: $25,921,183Net Assets 2010: $2,783,0502010Assets 2011: $30,878,802Liabilities 2011: $28,204,964Net Assets 2011: $2,673,8382011Assets 2012: $40,489,241Liabilities 2012: $37,157,664Net Assets 2012: $3,331,5772012Assets 2013: $42,691,291Liabilities 2013: $39,541,587Net Assets 2013: $3,149,7042013Assets 2014: $43,112,767Liabilities 2014: $39,672,806Net Assets 2014: $3,439,9612014Assets 2015: $41,397,467Liabilities 2015: $37,911,787Net Assets 2015: $3,485,6802015Assets 2016: $41,613,563Liabilities 2016: $37,922,192Net Assets 2016: $3,691,3712016Assets 2017: $40,930,729Liabilities 2017: $37,064,496Net Assets 2017: $3,866,2332017Assets 2018: $42,135,361Liabilities 2018: $38,071,290Net Assets 2018: $4,064,0712018Assets 2019: $44,413,167Liabilities 2019: $39,864,508Net Assets 2019: $4,548,6592019Assets 2020: $55,246,419Liabilities 2020: $49,830,327Net Assets 2020: $5,416,0922020Assets 2021: $59,966,647Liabilities 2021: $54,299,655Net Assets 2021: $5,666,9922021Assets 2022: $59,961,130Liabilities 2022: $54,670,786Net Assets 2022: $5,290,3442022Assets 2023: $55,030,817Liabilities 2023: $48,379,371Net Assets 2023: $6,651,4462023Assets 2024: $53,168,479Liabilities 2024: $46,493,872Net Assets 2024: $6,674,6072024

Highlighted filing

2024

Assets$53,168,479
Liabilities$46,493,872
Net Assets$6,674,607
Open 2024 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,183,4782010Expenses 2011: $1,614,2652011Expenses 2012: $1,867,0762012Revenue 2013: $2,320,528Expenses 2013: $2,129,403Net Income 2013: $191,1252013Revenue 2014: $2,226,263Expenses 2014: $2,199,597Net Income 2014: $26,6662014Revenue 2015: $2,147,793Expenses 2015: $2,026,865Net Income 2015: $120,9282015Revenue 2016: $2,252,058Expenses 2016: $2,062,223Net Income 2016: $189,8352016Revenue 2017: $2,309,534Expenses 2017: $2,174,102Net Income 2017: $135,4322017Revenue 2018: $2,469,383Expenses 2018: $2,246,315Net Income 2018: $223,0682018Revenue 2019: $2,867,238Expenses 2019: $2,460,707Net Income 2019: $406,5312019Revenue 2020: $3,151,580Expenses 2020: $2,312,382Net Income 2020: $839,1982020Revenue 2021: $2,709,699Expenses 2021: $2,319,015Net Income 2021: $390,6842021Revenue 2022: $2,844,638Expenses 2022: $2,503,416Net Income 2022: $341,2222022Revenue 2023: $3,211,457Expenses 2023: $2,827,270Net Income 2023: $384,1872023Revenue 2024: $3,087,998Expenses 2024: $3,329,782Net Income 2024: -$241,7842024

Highlighted filing

2024

Revenue$3,087,998
Expenses$3,329,782
Net Income-$241,784
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$53,168,479
Liabilities
$46,493,872
Net assets
$6,674,607
Revenue
$3,087,998
Expenses
$3,329,782
Net income
-$241,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.2$46.5$6.67$3.09$3.33$0.24
2023Detailed filing. Detailed filing data is available for this year.$55.0$48.4$6.65$3.21$2.83$0.38
2022Detailed filing. Detailed filing data is available for this year.$60.0$54.7$5.29$2.84$2.50$0.34
2021Detailed filing. Detailed filing data is available for this year.$60.0$54.3$5.67$2.71$2.32$0.39
2020Detailed filing. Detailed filing data is available for this year.$55.2$49.8$5.42$3.15$2.31$0.84
2019Detailed filing. Detailed filing data is available for this year.$44.4$39.9$4.55$2.87$2.46$0.41
2018Detailed filing. Detailed filing data is available for this year.$42.1$38.1$4.06$2.47$2.25$0.22
2017Detailed filing. Detailed filing data is available for this year.$40.9$37.1$3.87$2.31$2.17$0.14
2016Detailed filing. Detailed filing data is available for this year.$41.6$37.9$3.69$2.25$2.06$0.19
2015Detailed filing. Detailed filing data is available for this year.$41.4$37.9$3.49$2.15$2.03$0.12
2014Detailed filing. Detailed filing data is available for this year.$43.1$39.7$3.44$2.23$2.20$0.03
2013Detailed filing. Detailed filing data is available for this year.$42.7$39.5$3.15$2.32$2.13$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.5$37.2$3.33$1.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.9$28.2$2.67$1.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$25.9$2.78$1.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$3,087,998
Mission and Program Overview

Mission

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.

Illinois state chartered credit union operated for the mutual benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$31,914,574$31,427,507▼ $487,067
Investments in Publicly Traded Securities$17,594,688$12,240,422▼ $5,354,266
Rtn Earn Endowment Incm Other Fnds$6,651,446$6,674,607▲ $23,161
Cash and Non-Interest-Bearing Accounts$1,696,256$5,202,187▲ $3,505,931
Savings and Temporary Cash Investments$1,837,428$2,086,187▲ $248,759
Investments Other Securities$293,919$359,789▲ $65,870
Land, Buildings, and Equipment, Net$54,897$139,846▲ $84,949
Prepaid Expenses and Deferred Charges$160,113$110,167▼ $49,946
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$55,030,817$53,168,479▼ $1,862,338
Other Assets Total$1,478,942$1,602,374▲ $123,432
Liabilities
Other Liabilities$48,340,475$46,248,642▼ $2,091,833
Accounts Payable and Accrued Expenses$38,896$245,230▲ $206,334
Total Liabilities$48,379,371$46,493,872▼ $1,885,499
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,651,446$6,674,607▲ $23,161
Total Liabilities and Net Assets / Fund Balance$55,030,817$53,168,479▼ $1,862,338

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$124,179$225,510$349,689
Equipment$15,667$96,585$112,252
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott MunizPresidentFT$138,287$9,997$148,284
Thomas AgnewVice PresidentFT$104,713$26,680$131,393

Board Members and Trustees

NameTitle
Christopher HeiserChairman
Esty GurBoard member
Janice CobbBoard member
Jennifer LopezBoard member
Katherine KarvunisBoard member
Stephanie Preshon-BakerBoard member
Wakara TerryBoard member
Henry WaySecretary
Patricia FerriterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,495,281
Investment Income
$562,648
Other Revenue
$30,069
Change in Net Assets
$-241,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,087,998
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,087,998
Total Revenue per Form 990
$3,087,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,259,791
Salaries, Compensation, and Employee Benefits$1,069,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$658,947
Office Expenses---$579,120
Current Officers, Directors, Trustees, and Key Employees---$279,677
Fees for Services Other---$264,508
All Other Expenses---$127,643
Depreciation Depletion---$90,141
Information Technology---$80,653
Interest---$77,553
Payroll Taxes---$70,319
Other Expenses---$68,525
Insurance---$59,621
Occupancy---$47,078
Other Employee Benefits---$46,234
Pension Plan Contributions---$14,814
Fees for Services Legal---$11,282
Fees for Services Accounting---$6,435
Travel---$79
Total Functional Expenses$0$0$0$3,329,782

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,329,782
Total Expenses per Audited Statements$3,329,782
Total Expenses per Form 990$3,329,782
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member share deposits$44,782,040
Other liabilities$1,192,052
Lease liability$274,550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“During 2023, eight of the nine directors were employees of University of Chicago or CU Medicine. The Credit Union rents space from the University and provides cashiering services as well.”

Form 990, Part VI, Section A, line 6

“The Organization's membership consists of individuals with funds on deposit with the credit union.”

Form 990, Part VI, Section A, line 7A

“The membership participates in the annual election of the Board of Directors.”

Form 990, Part VI, Section A, line 7B

“Approval of Credit Union membership is required for a merger.”

Form 990, Part VI, Section B, line 11B

“The 990 was emailed to Directors five days prior to filing for questions, comments and suggested revisions.”

Form 990, Part VI, Section B, line 15

“Compensation of the President of the Credit Union is determined by the compensation committee of the Board of Directors. Compensation for other employees is determined by senior management.”

Form 990, Part VI, Section C, line 19

“Financial information available on the NCUA website.”

Filing and Contact Details

Filer

Filer Name
Maroon Financial Credit Union
EIN
36-2516351
Phone
7737027179
Address
5525-C S Ellis Avenue, Chicago, IL 60637

Signing Officer

Name
Scott Muniz
Title
President & CEO
Phone
7737027179
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Muniz
Formed
1957
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
13
Volunteers
9

Preparer

Firm
Eifel Rambo Advisory Group Ltd
Address
20635 Abbey Woods Ct Suite 301, Frankfort, IL 60423
Preparer
Matt Beckley
Phone
7086282365
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from the prior years.”

Financial Statement Notes

Part X, Line 2:

“Fin 48 Note from Audited Financial Statements The Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax-exempt purpose of the Credit Union and the nature in which it operates is described in Note 1. Management believes the Credit Union continues to operate in compliance with its tax-exempt purpose. The Credit Union had no unrelated business income in 2024 that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination, generally for three years after filing.”

Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/BooksInCareOfDetail/PhoneNum07737023043
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt9President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0359789
IRS990/InvestmentsPubTradedSecGrp/BOYAmt017594688
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012240422
IRS990/IRPDocumentCnt0763
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0322095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054897
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0139846
IRS990/LandBldgEquipCostOrOtherBssAmt0461941
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Illinois 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06651446
IRS990/NetAssetsOrFundBalancesEOYAmt06674607
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0264945
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt047078
IRS990/OfficeExpensesGrp/TotalAmt0579120
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01478942
IRS990/OtherAssetsTotalGrp/EOYAmt01602374
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046234
IRS990/OtherExpensesGrp/Desc0Dividends on shares
IRS990/OtherExpensesGrp/Desc1Provision for loan loss
IRS990/OtherExpensesGrp/Desc2Service Bureau DP
IRS990/OtherExpensesGrp/Desc3Loan servicing
IRS990/OtherExpensesGrp/TotalAmt0377768
IRS990/OtherExpensesGrp/TotalAmt1255391
IRS990/OtherExpensesGrp/TotalAmt2213994
IRS990/OtherExpensesGrp/TotalAmt368525
IRS990/OtherLiabilitiesGrp/BOYAmt048340475
IRS990/OtherLiabilitiesGrp/EOYAmt046248642
IRS990/OtherOrganizationDsc0Cooperative
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenues
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030069
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030069
IRS990/OtherRevenueTotalAmt030069
IRS990/OtherSalariesAndWagesGrp/TotalAmt0658947
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt031914574
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt031427507
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt070319
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt014814
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0160113
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0110167
IRS990/PrincipalOfficerNm0Scott Muniz
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Int-loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees & service charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01860751
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1589065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01860751
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1634530
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt045465
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union pays out dividends to its members' share deposit accounts at a market rate of interest. The number of share accounts at 12/31/24 is 10,519 for a total of $44,782,040. The Credit Union also offers on-line banking and bill paying and a variety of investment vehicles.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0497020
IRS990/PYOtherExpensesAmt01736008
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02714437
IRS990/PYRevenuesLessExpensesAmt0384187
IRS990/PYSalariesCompEmpBnftPaidAmt01091262
IRS990/PYTotalExpensesAmt02827270
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03211457
IRS990/ReconcilationRevenueExpnssAmt0-241784
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06651446
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06674607
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01837428
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02086187
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt015667
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096585
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112252
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03329782
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0124179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0225510
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0349689
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044782040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11192052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2274550
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member share deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03087998
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fin 48 Note from Audited Financial Statements The Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax-exempt purpose of the Credit Union and the nature in which it operates is described in Note 1. Management believes the Credit Union continues to operate in compliance with its tax-exempt purpose. The Credit Union had no unrelated business income in 2024 that management believes is subject to taxation. The Credit Union's annual information returns filed with the Internal Revenue Service are open to examination, generally for three years after filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0139846
IRS990ScheduleD/TotalExpensesPerForm990Amt03329782
IRS990ScheduleD/TotalLiabilityAmt046248642
IRS990ScheduleD/TotalRevenuePerForm990Amt03087998
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03087998
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03329782
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0During 2023, eight of the nine directors were employees of University of Chicago or CU Medicine. The Credit Union rents space from the University and provides cashiering services as well.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization's membership consists of individuals with funds on deposit with the credit union.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The membership participates in the annual election of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Approval of Credit Union membership is required for a merger.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 was emailed to Directors five days prior to filing for questions, comments and suggested revisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation of the President of the Credit Union is determined by the compensation committee of the Board of Directors. Compensation for other employees is determined by senior management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Financial information available on the NCUA website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The process has not changed from the prior years.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt055030817
IRS990/TotalAssetsEOYAmt053168479
IRS990/TotalAssetsGrp/BOYAmt055030817
IRS990/TotalAssetsGrp/EOYAmt053168479
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/TotalAmt03329782
IRS990/TotalGrossUBIAmt045465
IRS990/TotalLiabilitiesBOYAmt048379371
IRS990/TotalLiabilitiesEOYAmt046493872
IRS990/TotalLiabilitiesGrp/BOYAmt048379371
IRS990/TotalLiabilitiesGrp/EOYAmt046493872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06651446
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06674607
IRS990/TotalOtherCompensationAmt036677
IRS990/TotalProgramServiceRevenueAmt02495281
IRS990/TotalReportableCompFromOrgAmt0243000
IRS990/TotalRevenueGrp/ExclusionAmt0562648
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02479885
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03087998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt045465
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055030817
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053168479
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt079
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05525-C S Ellis Avenue
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060637
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.maroonfinancial.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Scott Muniz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07737027179
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maroon Financial Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0MARO
ReturnHeader/Filer/EIN0362516351
ReturnHeader/Filer/PhoneNum07737027179
ReturnHeader/Filer/USAddress/AddressLine1Txt05525-C S Ellis Avenue
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060637
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931743146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eifel Rambo Advisory Group Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020635 Abbey Woods Ct Suite 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Frankfort
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060423
ReturnHeader/PreparerPersonGrp/PhoneNum07086282365
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Matt Beckley
ReturnHeader/ReturnTs02025-10-10T12:39:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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