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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Encurage Financial Network Credit Union

Encurage Financial Network Credit Union

Fiscal year ending 2023. Filed on May 8, 2024.

8430 W Bryn Mawr 500
Chicago, Illinois 60631

Encurage Financial Network Credit Union (EIN: 36-1855525) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Encurage Financial Network Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 88 total employees. Among the employees shown here, the average compensation is $183,492. The highest compensated employee at Encurage Financial Network Credit Union is Michael Abraham with fiscal year 2023 compensation of $300,599. Encurage Financial Network Credit Union changed its name from First Financial Credit Union in 2023.

Revenue, expenses, and employee compensation

Revenue

$12,973,055

Expenses

$13,898,964

Employee compensation

$2,837,701
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Abraham
President and Chief Executive Officer
$300,599
$242,500 No related comp$58,099
William Lump
Chief Financial Officer
$195,942
$168,492 No related comp$27,450
Daniel Butterworth
Vice President
$184,719
$146,349 No related comp$38,370
Stephanie Bertelsen
Vice President
$156,453
$116,138 No related comp$40,315
Susan Beckwith
Director of RISK Managemen
$140,702
$121,822 No related comp$18,880
John Gregg
Vice President
$122,537
$108,134 No related comp$14,403

Benchmark Employee Compensation

Non-Employee Board Members

Dionne Lewis
Director
Jamie Berra
Treasurer
Jose Perez
Director
Michael Gebhardt
Secretary
Susan Kosyla
Director
Tom Monticello
Vice Chair
William Harlan
Chair

Contractors

J2M-Touhy LLC
Rent
$137,627
Pure It Credit Union Services LLC
Information Technology
$115,284

Mission Statement

TO PROVIDE SUPERIOR FINANCIAL VALUE WITH UNSURPASSED SERVICE WHILE MAINTAINING OUR TRADITION OF STABILITY, TRUST, AND SECURITY.

Revisions to this organization profile

August 23, 2024:
2024 Encurage Financial Network Credit Union 990 filed
May 8, 2024:
2023 Encurage Financial Network Credit Union 990 filed
May 10, 2023:
2022 Encurage Financial Network Credit Union 990 filed

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