0005 Wright-Patt Credit Union is located in Beavercreek, OH. The organization was established in 1969. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, 0005 Wright-Patt Credit Union employed 1,153 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0005 Wright-Patt 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 12/2019, 0005 Wright-Patt Credit Union generated $301.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $225.8m during the year ending 12/2019. While expenses have increased by 9.3% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THRIFT SAVINGS, BORROWING, AND FINANCIAL SERVICES AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 875,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 399,523 MEMBERS (DIVIDENDS $57,327,228; INCLUDING A SPECIAL PATRONAGE DIVIDEND OF $10,180,089).
DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED TO PROVIDE DEPOSIT SERVICES, ORIGINATE LOANS, AND SERVICE LOANS FOR MEMBERS TOTALED $71,575,468.
BRANCH OFFICE OCCUPANCY AND OPERATIONS SERVICES 31 BRICK AND MORTAR BRANCHES PLUS TWO CALL CENTERS PROVIDES PHYSICAL LOCATION FOR PERSON TO PERSON FINANCIAL SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas Fecher President & CEO | Officer | 40 | $921,900 |
Darrick Weeks 11-73 Former Chief Operating Officer | Officer | 40 | $864,324 |
Timothy Mislansky Chief Strategy Officer | Officer | 40 | $443,252 |
Steven Harrell Director Retirement Solutions | 40 | $394,045 | |
Eric Bugger Chief Lending Officer | Officer | 40 | $355,040 |
Rosanne Schutzman Chief Operating Officer | Officer | 40 | $346,032 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Visa Usa Financial Services | 12/30/19 | $4,838,674 |
The Ohlmann Group Advertising | 12/30/19 | $1,668,686 |
Jack Henry Associates Inc Technology Services | 12/30/19 | $1,307,401 |
Ncr Corporation Technology Services | 12/30/19 | $3,286,063 |
Presidio Networked Solutions Group Technology Services | 12/30/19 | $885,508 |
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 | $277,391,210 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $24,418,792 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $301,810,002 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $131,092 |
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. | $4,709,057 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,899,533 |
Pension plan accruals and contributions | $2,078,696 |
Other employee benefits | $9,256,392 |
Payroll taxes | $4,188,412 |
Fees for services: Management | $0 |
Fees for services: Legal | $557,506 |
Fees for services: Accounting | $307,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $152,024 |
Fees for services: Other | $2,893,385 |
Advertising and promotion | $3,879,606 |
Office expenses | $4,776,436 |
Information technology | $3,004,791 |
Royalties | $0 |
Occupancy | $5,992,954 |
Travel | $457,464 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $86,816 |
Interest | $51,236,033 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,613,115 |
Insurance | $462,797 |
All other expenses | $5,111,662 |
Total functional expenses | $225,776,563 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $286,919,148 |
Savings and temporary cash investments | $250,800,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $27,601,431 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,657,885,422 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $3,498,454 |
Net Land, buildings, and equipment | $58,820,767 |
Investments—publicly traded securities | $45,511,089 |
Investments—other securities | $615,771,969 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $145,120,283 |
Total assets | $5,091,928,563 |
Accounts payable and accrued expenses | $25,153,681 |
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 | $229,743,982 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,253,214,286 |
Total liabilities | $4,508,111,949 |
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 | $0 |
Retained earnings, endowment, accumulated income, or other funds | $583,816,614 |
Total liabilities and net assets/fund balances | $5,091,928,563 |
Over the last fiscal year, 0005 Wright-Patt Credit Union has awarded $78,500 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Dayton, OH PURPOSE: GENERAL SUPPORT | $18,500 |
Xenia, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Columbus, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Over the last fiscal year, we have identified 1 grants that 0005 Wright-Patt Credit Union has recieved totaling $38,000.
Awarding Organization | Amount |
---|---|
Ohio Credit Union Foundation Columbus, OH PURPOSE: SAVINGS RACE PROGRAMMING | $38,000 |
Organization Name | Assets | Revenue |
---|---|---|
0005 Wright-Patt Credit Union Beavercreek, OH | $5,091,928,563 | $301,810,002 |
Accesslex Institute West Chester, PA | $3,251,661,264 | $153,290,505 |
Pheaa Student Loan Foundation Inc Harrisburg, PA | $3,029,973,651 | $118,674,188 |
Credit Unions Chartered In The State Of Michigan Lansing, MI | $746,558,780 | $43,479,866 |
Credit Unions Chartered In The State Of Michigan Flint, MI | $569,725,643 | $30,884,823 |
Anabaptist Financial Lewisburg, PA | $537,648,729 | $20,627,336 |
Sharefax Credit Union Inc Cincinnati, OH | $430,891,781 | $16,755,561 |
0053 Ih Credit Union Springfield, OH | $291,987,881 | $15,244,026 |
Opportunity Finance Network Philadelphia, PA | $152,045,945 | $16,457,655 |
544 C E S Credit Union Inc Mount Vernon, OH | $148,510,347 | $7,952,688 |
Friends Fiduciary Corporation Philadelphia, PA | $528,552,513 | $4,597,969 |
1087 Millstream Area Credit Union Inc Findlay, OH | $45,423,986 | $3,772,125 |