0197 Universal 1 Credit Union Inc
- Assets
- $417.0m
- Revenue
- $26.4m
- Investments
- $94.3m
- Employees
- 80
- Location
- Dayton, OH
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 31-0387145
Organization Overview
0197 Universal 1 Credit Union Inc is located in Dayton, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, 0197 Universal 1 Credit Union Inc employed 80 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0197 Universal 1 Credit Union Inc 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, 0197 Universal 1 Credit Union Inc generated $26.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $23.6m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 8 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
STATE-CHARTERED CREDIT UNION ORGANIZED TO PROVIDE MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING TO CREDIT UNION MEMBERS: WE PROVIDED 7,427 CREDIT CARD AND LINE OF CREDIT LOANS; 7,546 VEHICLE LOANS; 1,241 MORTGAGE LOANS; AND 521 OTHER LOANS TO MEMBERS IN 2023
PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS: WE PROVIDED 30,601 CHECKING ACCOUNTS; 36,258 SAVINGS ACCOUNTS; 1,038 MONEY MARKET ACCOUNTS; 1,281 RETIREMENT ACCOUNTS; 2,616 CERTIFICATES OF DEPOSIT; AND 3,116 OTHER ACCOUNTS TO MEMBERS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica O Jones President/ceo | OfficerTrustee | 36 | $371,949 |
Thomas J Hickey Chairman | OfficerTrustee | 1 | $0 |
Jeffrey W Gammell Secretary | OfficerTrustee | 1 | $0 |
Rosemary D Domansky Director | OfficerTrustee | 1 | $0 |
Michael P Thonnerieux Director | OfficerTrustee | 1 | $0 |
Nancy J Stapp Director | OfficerTrustee | 1 | $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 | $21,363,880 |
| Investment income | $5,006,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,354,343 |
| 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. | $1,763,209 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,614,329 |
| Pension plan accruals and contributions | -$326,123 |
| Other employee benefits | $657,364 |
| Payroll taxes | $372,297 |
| Fees for services: Management | $238,359 |
| Fees for services: Legal | $124,330 |
| Fees for services: Accounting | $177,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,654 |
| Fees for services: Other | $0 |
| Advertising and promotion | $270,336 |
| Office expenses | $940,540 |
| Information technology | $2,958,714 |
| Royalties | $0 |
| Occupancy | $911,700 |
| Travel | $39,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,845 |
| Interest | $19 |
| Payments to affiliates | $88,147 |
| Depreciation, depletion, and amortization | $466,411 |
| Insurance | $94,630 |
| All other expenses | $0 |
| Total functional expenses | $23,575,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,422,846 |
| Savings and temporary cash investments | $53,853,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $244,260,402 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,667,430 |
| Net Land, buildings, and equipment | $6,940,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $94,313,782 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,214,524 |
| Total assets | $417,035,587 |
| Accounts payable and accrued expenses | $2,471,507 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $415,384 |
| 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 | $374,770,135 |
| Total liabilities | $377,657,026 |
| 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 | $39,378,561 |
| Total liabilities and net assets/fund balances | $417,035,587 |