1389 Superior Credit Union Inc
- Assets
- $1.5b
- Revenue
- $62.1m
- Investments
- $472.7m
- Employees
- 321
- Location
- Lima, OH
- Founding
- 04/1969
- Data as of
- 12/2022
- EIN
- 34-4455780
Organization Overview
1389 Superior Credit Union Inc is located in Lima, OH. The organization was established in 1969. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, 1389 Superior Credit Union Inc employed 321 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 1389 Superior 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 12/2022, 1389 Superior Credit Union Inc generated $62.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $44.8m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Buell President - CEO | Officer | 40 | $1,045,871 |
Keith Eiden Evp Sales & Lending | Officer | 40 | $267,705 |
Tracy Strous VP Investment Services | 40 | $271,948 | |
Janice Von Der Embse VP Trust Services | 40 | $243,100 | |
Melanie Weldy COO | Officer | 40 | $209,364 |
Stacey Deitering CFO | Officer | 40 | $203,059 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K Hovanian Summit Homes Llc Construction | 12/30/22 | $763,329 |
Schnipke Builders Llc Construction | 12/30/22 | $999,334 |
Shreves Construction Construction | 12/30/22 | $1,057,700 |
Dutch Builders Llc Construction | 12/30/22 | $2,454,000 |
Chg Construction Llc Construction | 12/30/22 | $5,393,911 |
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 | $52,262,354 |
| Investment income | $9,923,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,109,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $257,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,535,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,376,496 |
| Pension plan accruals and contributions | $1,439,047 |
| Other employee benefits | $858,215 |
| Payroll taxes | $1,141,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $495,380 |
| Advertising and promotion | $1,666,664 |
| Office expenses | $7,170,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,226 |
| Travel | $230,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,145,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,058,595 |
| Insurance | $2,902,550 |
| All other expenses | $119,530 |
| Total functional expenses | $44,774,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,874,239 |
| Savings and temporary cash investments | $45,490,890 |
| 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 | $928,389,437 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,352,504 |
| Net Land, buildings, and equipment | $21,465,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $472,730,765 |
| Investments—program-related | $0 |
| Intangible assets | $1,636,907 |
| Other assets | $14,586,670 |
| Total assets | $1,509,527,180 |
| Accounts payable and accrued expenses | $12,381,439 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,733,695 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,262,742,974 |
| Total liabilities | $1,337,858,108 |
| 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 | $171,669,072 |
| Total liabilities and net assets/fund balances | $1,509,527,180 |