715 Pse Credit Union Inc

Organization Overview

715 Pse Credit Union Inc is located in Parma, 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, 715 Pse Credit Union Inc employed 72 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 715 Pse 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 12/2021, 715 Pse Credit Union Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 1.9% 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

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
Joseph C Anderson
President/ceo
$222,991
Peggy A Koch
VP Of Finance
$100,434
Kenneth Noetzel
Treasurer
$0
Darlene Demarco
Director
$0
Robert Vasil
Chair
$0
David Toetz
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu Financial Services
Credit Card Processing
$355,710
World Pay (Fka Vantiv)
Atm/debit Card Processing
$325,473
Fiserv
Data Processing
$312,278
Perception Multimedia
Marketing Agency
$174,682
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$6,758,399
Investment income $606,893
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 $7,365,292

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