Fayette County School Employees Credit Union
- Assets
- $20.4m
- Revenue
- $840.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Uniontown, PA
- Founding
- Data as of
- 12/2023
- EIN
- 25-0991649
Organization Overview
Fayette County School Employees Credit Union is located in Uniontown, PA. As of 12/2023, Fayette County School Employees Credit Union employed 8 individuals. Fayette County School Employees 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 12/2023, Fayette County School Employees Credit Union generated $840.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $648.1k during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAVINGS & LOANS TO MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW COST FINANCIAL SERVICES TO ITS MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Tiberi CEO | OfficerTrustee | 40 | $44,231 |
Jill Pegg Manager | Officer | 40 | $63,757 |
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 | $572,394 |
| Investment income | $267,738 |
| 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 | $840,132 |
| 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. | $121,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,005 |
| Pension plan accruals and contributions | $2,386 |
| Other employee benefits | $7,709 |
| Payroll taxes | $16,545 |
| Fees for services: Management | $3,656 |
| Fees for services: Legal | $996 |
| Fees for services: Accounting | $13,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,863 |
| Office expenses | $52,470 |
| Information technology | $100,753 |
| Royalties | $0 |
| Occupancy | $17,064 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,503 |
| Interest | $65,409 |
| Payments to affiliates | $5,825 |
| Depreciation, depletion, and amortization | $9,912 |
| Insurance | $16,713 |
| All other expenses | $2 |
| Total functional expenses | $648,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,127 |
| Savings and temporary cash investments | $10,920,226 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $263,434 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,667,024 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,264 |
| Net Land, buildings, and equipment | $92,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $240,345 |
| Total assets | $20,357,411 |
| Accounts payable and accrued expenses | $73,524 |
| 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 | $0 |
| Total liabilities | $73,524 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $16,789,213 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,494,674 |
| Total liabilities and net assets/fund balances | $20,357,411 |