Greensburg Teachers Credit Union
- Assets
- $6.8m
- Revenue
- $102.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Greensburg, PA
- Founding
- Data as of
- 12/2022
- EIN
- 25-1121017
Organization Overview
Greensburg Teachers Credit Union is located in Greensburg, PA. As of 12/2022, Greensburg Teachers Credit Union employed 2 individuals. Greensburg Teachers 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 12/2022, Greensburg Teachers Credit Union generated $102.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $117.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FORMS OF INVESTMENT AND LOANS TO MUTUAL MEMBERS WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED DECEMBER 31, 2022, THE CREDIT UNION MADE 40 NEW LOANS TO OUR MEMBERS, WHO ARE COMPRISED OF THE GREENSBURG-SALEM SCHOOL DISTRICT EMPLOYEES AND THEIR FAMILIES. WE ALSO PROVIDED PAYMENT OF DIVIDENDS TO OUR MEMBERS WHO MAINTAINED THE MINUMUM BALANCE IN THEIR SHARES ACCOUNTS DURING THE YEAR. THE NUMBER OF MEMBERS IS 683, DOWN SLIGHTLY FROM 2021. WE HAVE A POTENTIAL MAXIMUM OF 1100 MEMBERS AT THIS TIME, MEANING THAT WE HAVE AN ENROLLMENT PERCENTAGE OF 62%. THIS COMPRISES THE TOTAL EXTENT OF OUR PROGRAMS. WE PROVIDE FUNDING FOR SIGNATURE LOANS, SHARE LOANS, NEW AND USED VEHICLE LOANS, AND CO-SIGNED LOANS. ADDITIONALLY, WE OFFER SAVINGS VEHICLES IN THE FORM OF REGULAR SHARE ACCOUNTS AND CHRISTMAS SHARE ACCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hurrianko President/chairperson | Trustee | 1 | $0 |
Brian E Nymick Vice Pres/vice Chair | Trustee | 1 | $0 |
Darryl J Audia Jr Treasurer | OfficerTrustee | 40 | $55,000 |
David L Cullen Secretary | OfficerTrustee | 11 | $0 |
Maxine Forbes Asst. Treasurer | OfficerTrustee | 11 | $9,000 |
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 | $36,001 |
| Investment income | $66,234 |
| 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 | $102,590 |
| 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. | $64,000 |
| Compensation of current officers, directors, key employees. | $9,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,225 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,369 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,297 |
| Information technology | $14,984 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $1,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104 |
| Insurance | $3,987 |
| All other expenses | $619 |
| Total functional expenses | $117,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,879 |
| Savings and temporary cash investments | $5,567,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $881,871 |
| Loans from Officers, Directors, or Controlling Persons | $71,410 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,777,353 |
| Accounts payable and accrued expenses | $17,550 |
| 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 | $5,878,511 |
| Total liabilities | $5,896,061 |
| Net assets without donor restrictions | $753,501 |
| Net assets with donor restrictions | $127,791 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,777,353 |