Alcose Credit Union
- Assets
- $17.1m
- Revenue
- $709.6k
- Investments
- $0.0
- Employees
- 0
- Location
- White Oak, PA
- Founding
- Data as of
- 12/2023
- EIN
- 25-0996223
Organization Overview
Alcose Credit Union is located in White Oak, PA. Alcose 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, Alcose Credit Union generated $709.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $549.4k during the year ending 12/2023. 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
THE CREDIT UNION'S MISSION IS TO PROVIDE THRIFT SAVINGS & BORROWINGS FOR ITS MEMBERS. THE CREDIT UNION ALSO PROVIDES OTHER FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPENSATION
LEGAL, ACCOUNTING, ADVERTISING, OFFICE EXPENSE, IT, OCCUPANCY, TRAVEL, CONFERENCES, AND INSURANCE
LOAN SERVICING, COMPLIANCE, ASSOCIATION DUES, AND PROVISION FOR LOAN LOSS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Hochendoner CEO | OfficerTrustee | 40 | $87,090 |
Angela Vehec Chairman Of Board | OfficerTrustee | 0 | $0 |
Mark S Pogue Treasurer | OfficerTrustee | 0 | $0 |
Frederick Moyes Secretary | OfficerTrustee | 0 | $0 |
Diane Kalina Vice President Of Board | OfficerTrustee | 0 | $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 | $295,748 |
| Investment income | $233,327 |
| 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 | $709,602 |
| 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. | $87,090 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,202 |
| Pension plan accruals and contributions | $24,054 |
| Other employee benefits | $22,609 |
| Payroll taxes | $14,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,031 |
| Fees for services: Accounting | $5,277 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,017 |
| Advertising and promotion | $408 |
| Office expenses | $90,319 |
| Information technology | $25,890 |
| Royalties | $0 |
| Occupancy | $39,110 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,732 |
| Interest | $19,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,990 |
| Insurance | $16,940 |
| All other expenses | $0 |
| Total functional expenses | $549,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,081,394 |
| 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 | $7,542 |
| Notes and loans receivable | $5,084,298 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,165 |
| Net Land, buildings, and equipment | $291,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,403,321 |
| Intangible assets | $2,876 |
| Other assets | $2,153,680 |
| Total assets | $17,051,428 |
| Accounts payable and accrued expenses | $11,672 |
| 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 | $6,151 |
| Total liabilities | $17,823 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,899,067 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,134,538 |
| Total liabilities and net assets/fund balances | $17,051,428 |