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Department Of Financial Institution Division Of Credit Unions In Ind

Members Advantage Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$6.04M (2024)

Expenses
$5.86M (2024)

Total Assets
$123M (2024)

Total Liabilities
$114M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,037,069
Expenses
$5,861,609
Net Income
$175,460
Net Assets
$9,387,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,443,003
73.6%
Investment Income $1,594,066
26.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $277,705
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $962,124
16.4%
Assets/Debt
Total Assets $123,198,834
Total Liabilities $113,811,117
Net Assets $9,387,717
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $142,171 $0 $34,184
Robert Havens (Vice President) $135,534 $0 $36,595
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,655,321
Expenses
$5,111,935
Net Income
$543,386
Net Assets
$8,105,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,632,057
46.5%
Investment Income $1,162,082
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $24,296
0.4%
Net Inventory Sales $0
Other Revenue $1,836,886
32.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $287,313
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $923,572
18.1%
Assets/Debt
Total Assets $121,447,849
Total Liabilities $113,342,488
Net Assets $8,105,361
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $122,154 $0 $29,746
Robert Havens (Director/Vice Pres/Cfo) $115,625 $0 $29,788
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,006,380
Expenses
$4,675,619
Net Income
$330,761
Net Assets
$5,729,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,546,274
50.9%
Investment Income $880,809
17.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,579,297
31.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $316,461
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $894,672
19.1%
Assets/Debt
Total Assets $126,862,726
Total Liabilities $121,132,843
Net Assets $5,729,883
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $129,757 $0 $27,981
Robert Havens (Director/Vice Pres/Cfo) $127,813 $0 $30,910
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,664,248
Expenses
$4,488,695
Net Income
$175,553
Net Assets
$10,334,008
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,442,264
52.4%
Investment Income $666,381
14.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $45,682
1.0%
Net Inventory Sales $0
Other Revenue $1,509,921
32.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $309,738
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $915,411
20.4%
Assets/Debt
Total Assets $129,281,584
Total Liabilities $118,947,576
Net Assets $10,334,008
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $129,934 $0 $27,943
Robert Havens (Director/Vice Pres/Cfo) $122,032 $0 $29,830
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,766,757
Expenses
$4,645,483
Net Income
$121,274
Net Assets
$11,335,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,644,839
55.5%
Investment Income $739,132
15.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,143
0.0%
Net Inventory Sales $0
Other Revenue $1,381,643
29.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $302,822
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $949,961
20.4%
Assets/Debt
Total Assets $117,534,130
Total Liabilities $106,198,879
Net Assets $11,335,251
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $126,220 $0 $26,629
Robert Havens (Director/Vice Pres/Cfo) $120,052 $0 $29,921
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,945,203
Expenses
$4,780,604
Net Income
$164,599
Net Assets
$10,602,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,614,784
52.9%
Investment Income $851,841
17.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,150
0.1%
Net Fundraising $0
Sales of Assets -$750
Net Inventory Sales $0
Other Revenue $1,476,178
29.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $282,471
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $970,345
20.3%
Assets/Debt
Total Assets $99,346,589
Total Liabilities $88,743,759
Net Assets $10,602,830
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $115,628 $0 $29,232
Robert Havens (Director/Vice Pres/Cfo) $107,102 $0 $30,509
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,491,092
Expenses
$4,218,764
Net Income
$272,328
Net Assets
$9,785,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,196,846
48.9%
Investment Income $812,085
18.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $450
0.0%
Net Fundraising $0
Sales of Assets -$25,959
Net Inventory Sales $0
Other Revenue $1,507,670
33.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $271,427
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $950,009
22.5%
Assets/Debt
Total Assets $94,104,884
Total Liabilities $84,319,544
Net Assets $9,785,340
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $116,198 $0 $20,404
Robert Havens (Director/Vice Pres/Cfo) $110,168 $0 $24,658
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Vice Chairman) $0 $0 $0
Fran Brennan (Director) $0 $0 $0
Dennis Fischer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,977,782
Expenses
$3,837,717
Net Income
$140,065
Net Assets
$9,398,331
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,749,581
44.0%
Investment Income $815,312
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,282
0.2%
Net Inventory Sales $0
Other Revenue $1,403,607
35.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $267,651
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $935,089
24.4%
Assets/Debt
Total Assets $93,415,604
Total Liabilities $84,017,273
Net Assets $9,398,331
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $110,141 $0 $23,715
Robert Havens (Vice Pres/Cfo) $109,806 $0 $23,989
Stephen Janus (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Director) $0 $0 $0
Craig Hinchman (Secretary) $0 $0 $0
Fran Brennan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,921,511
Expenses
$3,729,546
Net Income
$191,965
Net Assets
$9,315,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,777,578
45.3%
Investment Income $722,574
18.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,572
0.1%
Net Inventory Sales $0
Other Revenue $1,418,787
36.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $265,128
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $905,072
24.3%
Assets/Debt
Total Assets $92,344,004
Total Liabilities $83,028,841
Net Assets $9,315,163
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $113,181 $0 $21,807
Robert Havens (Vice Pres/Cfo) $106,243 $0 $23,898
Stephen Janus (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Director) $0 $0 $0
Craig Hinchman (Director) $0 $0 $0
Fran Brennan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,816,321
Expenses
$3,675,673
Net Income
$140,648
Net Assets
$9,487,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,723,236
45.2%
Investment Income $738,669
19.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$12,781
Net Inventory Sales $0
Other Revenue $1,367,197
35.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $257,434
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $857,457
23.3%
Assets/Debt
Total Assets $90,597,111
Total Liabilities $81,109,629
Net Assets $9,487,482
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $110,803 $0 $21,921
Robert Havens (Vice Pres/Cfo) $101,663 $0 $23,046
Stephen Janus (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Director) $0 $0 $0
Craig Hinchman (Director) $0 $0 $0
Fran Brennan (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,865,939
Expenses
$3,564,049
Net Income
$301,890
Net Assets
$9,575,663
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,740,699
45.0%
Investment Income $737,109
19.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,050
0.2%
Net Inventory Sales $0
Other Revenue $1,382,081
35.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $238,088
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $885,144
24.8%
Assets/Debt
Total Assets $87,909,985
Total Liabilities $78,334,322
Net Assets $9,575,663
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $107,897 $0 $18,072
Robert Havens (Cfo) $93,395 $0 $18,723
Stephen Janus (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Ben Neitzel (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Jack Van Etten (Director) $0 $0 $0
Craig Hinchman (Secretary) $0 $0 $0
Fran Brennan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,903,833
Expenses
$3,706,221
Net Income
$197,612
Net Assets
$9,273,771
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,807,709
46.3%
Investment Income $750,692
19.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,345,432
34.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $234,454
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $893,391
24.1%
Assets/Debt
Total Assets $87,771,576
Total Liabilities $78,497,805
Net Assets $9,273,771
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Frank Beachnau (President/Ceo) $104,974 $0 $16,509
Robert Havens (Cfo) $95,115 $0 $17,856
Tom Petri (Vice Chairman) $0 $0 $0
George Kazmierczak (Treasurer) $0 $0 $0
Stephen Janus (Director) $0 $0 $0
Michael Palmer (Chairman) $0 $0 $0
Raymond Hill (Director) $0 $0 $0
Craig Hinchman (Secretary) $0 $0 $0
Fran Brennan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,987,907
Expenses
$3,743,539
Net Income
$244,368
Net Assets
$9,076,160
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,977,553
49.6%
Investment Income $820,305
20.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,190,049
29.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $229,764
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $832,579
22.2%
Assets/Debt
Total Assets $85,308,154
Total Liabilities $76,231,994
Net Assets $9,076,160

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,331,212
Expenses
$3,904,387
Net Income
$426,825
Net Assets
$8,831,792
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,204,256
50.9%
Investment Income $945,746
21.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,181,210
27.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $220,088
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $844,741
21.6%
Assets/Debt
Total Assets $80,584,498
Total Liabilities $71,752,706
Net Assets $8,831,792

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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