261 The Cleveland Police Credit Union Inc

Organization Overview

261 The Cleveland Police Credit Union Inc, operating under the name Cleveland Police Credit Union, is located in Cleveland, OH. The organization was established in 1969. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Cleveland Police Credit Union employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cleveland Police 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 12/2021, Cleveland Police Credit Union generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

CLEVELAND POLICE CREDIT UNION IS A FINANCIAL INSTITUTION COOPERATIVE ORGANIZED TO PROVIDE LOAN AND DEPOSIT PRODUCTS AND SERVICES FOR ITS MEMBER OWNERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A STATE CHARTERED MEMBER OWNED COOPERATIVE CREDIT UNION THAT PROVIDES FINANCIAL SERVICES AND PRODUCTS TO THE MEMBER OWNERS.


LOAN SERVICING EXPENSE


DIVIDEND AND INTEREST PAID TO MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Yolanda Roldan
Manager
$92,372
Regina Kelley
Loan Manager
$54,365
Gary Cugini
Secretary / Treasurer
$19,884
Roy Rich
President
$0
Joseph Chojnowski
Director
$0
David Swan
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$1,376,954
Investment income $85,820
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$7,722
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 $1,455,052

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