0197 Universal 1 Credit Union Inc

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 12/2021, 0197 Universal 1 Credit Union Inc employed 126 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 12/2021, 0197 Universal 1 Credit Union Inc generated $19.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 7,671 CREDIT CARD AND LINE OF CREDIT LOANS; 9,170 VEHICLE LOANS; 1,173 MORTGAGE LOANS; AND 492 OTHER LOANS TO MEMBERS IN 2021.


PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS: WE PROVIDED 28,781 CHECKING ACCOUNTS; 39,446 SAVINGS ACCOUNTS; 1,039 MONEY MARKET ACCOUNTS; 2,920 CERTIFICATE OF DEPOSITS; 1,511 RETIREMENT ACCOUNTS; AND 2,691 OTHER ACCOUNTS TO MEMBERS IN 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Loren A Rush
President/ceo (to 10/2021)
$649,234
Jessica O Jones
President/ceo
$242,989
Shannon R Maloney
Evp - Mis/corp Svcs (to 10/2021)
$229,331
Michael L Hardwick
Chief Information Officer
$123,241
Thomas D Keyes
SVP - Member Services
$123,217
Kathryn M Lewis
Treasurer/cfo
$110,625

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$17,906,347
Investment income $1,060,702
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,274
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,974,323

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