544 C E S Credit Union Inc

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.

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)Compensation
Sandra K Coffing
CEO
$153,229
Brittany Hahler
CFO
$80,840
Teresa Bemiller
Secretary
$0
Roger Porterfield
Treasurer
$0
Margaret Ann Ruhl
Vice Chair
$0
Jeff Wells
Chairman
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Member Driven Technologies Member Driven Technologies
Data Processor
$488,222
Jha Payment Processing Jha Payment Processing
Debit Card Proc
$625,741
View All Vendors

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

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