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.
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 |
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 |
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 |
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544 C E S Credit Union Inc Mount Vernon, OH | $148,510,347 | $7,952,688 |
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