American Pride Credit Union
- Assets
- $22.5m
- Revenue
- $539.4k
- Investments
- $14.3m
- Employees
- 7
- Location
- Altoona, PA
- Founding
- Data as of
- 12/2021
- EIN
- 23-0340750
Organization Overview
American Pride Credit Union is located in Altoona, PA. As of 12/2021, American Pride Credit Union employed 7 individuals. American Pride Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, American Pride Credit Union generated $539.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $516.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CREDIT UNION PROMOTES THRIFT AMONG ITS MEMBERS AND CREATES A SOURCE OF CREDIT AT REASONABLE RATES OF INTEREST WHILE PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW INTEREST LOANS TO MEMBERS PROVIDING THE OPPORTUNITY FOR MEMBERS TO OPEN CHECKING AND SAVINGS ACCOUNTS AT COMPETITIVE RATES PROVIDING INVESTMENT SERVICES FOR MEMBERS RETIREMENT ACCOUNTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted L Glunt Manager/ceo | OfficerTrustee | 40 | $68,251 |
Robert D Lender Treasurer | OfficerTrustee | 1 | $1,380 |
Denise M Pattillo-Reeder Secretary | OfficerTrustee | 1 | $1,020 |
Nick F Spallone President | OfficerTrustee | 1 | $0 |
John A Potopa 2nd Vice President | OfficerTrustee | 1 | $0 |
Jonathan E Mifflin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $281,565 |
| Investment income | $77,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,651 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,075 |
| Pension plan accruals and contributions | $11,271 |
| Other employee benefits | $14,607 |
| Payroll taxes | $13,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,225 |
| Office expenses | $71,613 |
| Information technology | $27,086 |
| Royalties | $0 |
| Occupancy | $29,709 |
| Travel | $33 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,171 |
| Insurance | $19,327 |
| All other expenses | $0 |
| Total functional expenses | $516,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,754,992 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,237 |
| Net Land, buildings, and equipment | $764,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,256,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,808 |
| Total assets | $22,455,987 |
| Accounts payable and accrued expenses | $1,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,479 |
| Total liabilities | $150,713 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $20,622,349 |
| Retained earnings, endowment, accumulated income, or other funds | $1,682,925 |
| Total liabilities and net assets/fund balances | $22,455,987 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Pride Credit Union has recieved totaling $10,987.
| Awarding Organization | Amount |
|---|---|
Crossstate Credit Union Foundation Harrisburg, PA | | $10,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |