Chaco Credit Union Inc
- Assets
- $178.6m
- Revenue
- $9.5m
- Investments
- $19.2m
- Employees
- 75
- Location
- Hamilton, OH
- Founding
- Data as of
- 12/2015
- EIN
- 31-0935997
Organization Overview
Chaco Credit Union Inc is located in Hamilton, OH. As of 12/2014, Chaco Credit Union Inc employed 75 individuals. Chaco 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE 24,884 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, CERTIFICATES, IRA, MONEY MARKET AND OTHER SHARE ACCOUNTS TOTALING 37,232.
PROVIDE 11,245 MORTGAGE, VEHICLE, REAL ESTATE, BUSINESS, CREDIT CARD AND HOME EQUITY LOANS.
OFFER ATM, DEBIT CARDS, COURTESY PAY, WIRE TRANSFERS, TRAVELERS CHECKS, MONEY ORDERS, HOME BANKING, SAFE DEPOSIT BOXES, INSURANCE PROGRAMS AND FINANCIAL PLANNING TO ALL ELIGIBLE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Schultheiss President/ceo | Officer | 50 | $148,284 |
Dan Daily Evp | Officer | 50 | $98,883 |
George Gordon IV CFO | Officer | 50 | $88,750 |
Jeff Kenworthy Chairperson | Trustee | 1 | $0 |
Denise Herrmann Vice Chairperson | Trustee | 1 | $0 |
Scott Martin Secretary/treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $223,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,480,607 |
| Statement of Expenses | |
|---|---|
| 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. | $424,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,818,999 |
| Pension plan accruals and contributions | $139,165 |
| Other employee benefits | $291,503 |
| Payroll taxes | $249,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,146 |
| Fees for services: Accounting | $47,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,334,160 |
| Advertising and promotion | $192,465 |
| Office expenses | $565,917 |
| Information technology | $171,940 |
| Royalties | $0 |
| Occupancy | $544,030 |
| Travel | $4,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,217 |
| Interest | $792,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,985 |
| Insurance | $65,542 |
| All other expenses | $0 |
| Total functional expenses | $9,111,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,288,025 |
| Savings and temporary cash investments | -$1,355,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,759,338 |
| Loans from Officers, Directors, or Controlling Persons | $22,560 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $142,955,233 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $234,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,186,224 |
| Investments—program-related | $8,293,203 |
| Intangible assets | $0 |
| Other assets | $2,289,994 |
| Total assets | $178,647,110 |
| Accounts payable and accrued expenses | $854,780 |
| 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 | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $160,170,134 |
| Total liabilities | $164,024,914 |
| 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 |
| Total liabilities and net assets/fund balances | $14,622,196 |
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