0005 Wright-Patt Credit Union

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Visa Usa
Financial Services
$4,838,674
The Ohlmann Group
Advertising
$1,668,686
Jack Henry Associates Inc
Technology Services
$1,307,401
Ncr Corporation
Technology Services
$3,286,063
Presidio Networked Solutions Group
Technology Services
$885,508
View All Vendors

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$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

Grants Awarded

Over the last fiscal year, 0005 Wright-Patt Credit Union has awarded $78,500 in support to 6 organizations.

Grant RecipientAmount

WRIGHT STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$18,500

GREENE COUNTY COMMUNITY FOUNDATION

Org PageRecipient Profile

Xenia, OH

PURPOSE: GENERAL SUPPORT

$15,000

Columbus, OH

PURPOSE: GENERAL SUPPORT

$15,000

THE HOMEOWNERSHIP CENTER

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$10,000

AMERICAN RED CROSS

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$10,000

THE HOMEOWNERSHIP CENTER

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that 0005 Wright-Patt Credit Union has recieved totaling $38,000.

Awarding OrganizationAmount
Ohio Credit Union Foundation

Columbus, OH

PURPOSE: SAVINGS RACE PROGRAMMING

$38,000
View Grant Recipient Profile

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