544 C E S Credit Union Inc
- Assets
- $148.5m
- Revenue
- $8.0m
- Investments
- $45.6m
- Employees
- 75
- Location
- Mount Vernon, OH
- Founding
- 04/1969
- Data as of
- 12/2019
- EIN
- 31-4400124
Organization Overview
544 C E S Credit Union Inc is located in Mount Vernon, 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, 544 C E S Credit Union Inc employed 75 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 544 C E S 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 12/2019, 544 C E S Credit Union Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $6.0m during the year ending 12/2019. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra K Coffing CEO | Officer | 40 | $153,229 |
Brittany Hahler CFO | Officer | 40 | $80,840 |
Teresa Bemiller Secretary | OfficerTrustee | 1 | $0 |
Roger Porterfield Treasurer | OfficerTrustee | 1 | $0 |
Margaret Ann Ruhl Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Wells Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Member Driven Technologies Member Driven Technologies Data Processor | 12/30/19 | $488,222 |
Jha Payment Processing Jha Payment Processing Debit Card Proc | 12/30/19 | $625,741 |
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 | $6,775,625 |
| Investment income | $1,177,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,952,688 |
| 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 | $113,720 |
| Compensation of current officers, directors, key employees. | $234,069 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,881,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $608,951 |
| Payroll taxes | $166,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182 |
| Fees for services: Accounting | $31,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $479,221 |
| Advertising and promotion | $206,519 |
| Office expenses | $158,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,336 |
| Travel | $17,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,766 |
| Interest | $119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,736 |
| Insurance | $52,168 |
| All other expenses | $195,699 |
| Total functional expenses | $6,000,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,168,326 |
| Savings and temporary cash investments | $9,451,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $84,244,928 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $272,238 |
| Net Land, buildings, and equipment | $2,278,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,570,200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,524,852 |
| Total assets | $148,510,347 |
| Accounts payable and accrued expenses | $1,110,684 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $131,071,284 |
| Total liabilities | $132,181,968 |
| 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 | $16,328,379 |
| Total liabilities and net assets/fund balances | $148,510,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anabaptist Financial Lewisburg, PA | $537,648,729 | $20,627,336 |
Sharefax Credit Union Inc Cincinnati, OH | $430,891,781 | $16,755,561 |
0053 Ih Credit Union Springfield, OH | $291,987,881 | $15,244,026 |
Opportunity Finance Network Philadelphia, PA | $152,045,945 | $16,457,655 |
544 C E S Credit Union Inc Mount Vernon, OH | $148,510,347 | $7,952,688 |
Friends Fiduciary Corporation Philadelphia, PA | $528,552,513 | $4,597,969 |
1087 Millstream Area Credit Union Inc Findlay, OH | $45,423,986 | $3,772,125 |
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Christian Family Credit Union Inc North Canton, OH | $83,167,733 | $2,886,709 |
The Landmarks Financial Corporation Pittsburgh, PA | $135,338,871 | $4,443,915 |
West Liberty University Foundation Inc West Liberty, WV | $20,872,500 | $2,341,763 |
1143 Southeastern Ohio Credit Union Inc Cambridge, OH | $31,981,517 | $2,038,975 |