0053 Ih Credit Union

Organization Overview

0053 Ih Credit Union is located in Springfield, 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, 0053 Ih Credit Union employed 69 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0053 Ih 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, 0053 Ih Credit Union generated $15.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $13.9m during the year ending 12/2019. While expenses have increased by 10.0% 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 PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED FINANCIAL SERVICES TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Robb White
President/ceo
$219,317
Ted Shull
CFO
$133,755
Veronica Vanbourgondien
VP Hr
$90,490
Jim Kitchen
Director
$0
Tom Whitacre
Director
$0
Jack Kitchen
Director
$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$12,112,434
Investment income $2,364,879
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $766,713
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,244,026

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