1389 Superior Credit Union Inc
- Assets
- $1.0b
- Revenue
- $51.7m
- Investments
- $29.4m
- Employees
- 296
- Location
- Lima, OH
- Founding
- 04/1969
- Data as of
- 12/2019
- 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 12/2019, 1389 Superior Credit Union Inc employed 296 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 12/2019, 1389 Superior Credit Union Inc generated $51.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $37.0m during the year ending 12/2019. While expenses have increased by 15.2% per year over the past 4 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
TO PROMOTE THRIFT AND CREDIT 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 | $913,737 |
Keith Eiden Evp Sales & Lending | Officer | 40 | $267,052 |
Michelle Snyder VP Mortgage Lending | 40 | $228,199 | |
Kathrine Mathews Mortgage Originator | 40 | $218,730 | |
Tracy Strous VP Investment Services | 40 | $201,311 | |
Susan Wagner VP Of Finance & Operations | Officer | 40 | $180,092 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nickles Homes Construction | 12/30/19 | $681,113 |
Wh Midwest Llc Dba Wayne H Construction | 12/30/19 | $576,876 |
K Hovanian Summit Homes Ll Construction | 12/30/19 | $526,257 |
Quality Management Inc Construction | 12/30/19 | $451,750 |
Dodds Custom Homes Inc Construction | 12/30/19 | $505,371 |
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 | $41,644,819 |
| Investment income | $10,037,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,726,883 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $3,682,102 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,851,410 |
| Pension plan accruals and contributions | $750,235 |
| Other employee benefits | $0 |
| Payroll taxes | $937,193 |
| 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 | $421,998 |
| Advertising and promotion | $1,273,725 |
| Office expenses | $2,721,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,195,345 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,115,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,795,779 |
| Insurance | $0 |
| All other expenses | $15,113 |
| Total functional expenses | $37,035,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,009,518 |
| Savings and temporary cash investments | $74,245,784 |
| 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 | $667,667,274 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,511,102 |
| Net Land, buildings, and equipment | $14,979,793 |
| Investments—publicly traded securities | $209,359,230 |
| Investments—other securities | $29,434,350 |
| Investments—program-related | $0 |
| Intangible assets | $2,254,963 |
| Other assets | $10,100,878 |
| Total assets | $1,032,562,892 |
| Accounts payable and accrued expenses | $6,727,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,679,795 |
| 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 | $870,105,228 |
| Total liabilities | $887,512,266 |
| 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 | $145,050,626 |
| Total liabilities and net assets/fund balances | $1,032,562,892 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whyy Inc Philadelphia, PA | $57,841,127 | $38,991,649 |
1389 Superior Credit Union Inc Lima, OH | $1,032,562,892 | $51,726,883 |
The Fred Rogers Company Pittsbrugh, PA | $67,630,541 | $26,392,682 |
Wqed Multimedia Pittsburgh, PA | $20,914,512 | $12,625,598 |
Witf Inc Harrisburg, PA | $50,277,731 | $11,247,436 |
Jack Van Impe Ministries Rochester Hills, MI | $9,650,727 | $8,253,407 |
Odva Inc Ann Arbor, MI | $7,511,199 | $4,519,433 |
Public Broadcasting Foundation Of Northwest Ohio Toledo, OH | $13,832,843 | $5,590,517 |
Public Broadcasting Of Northwest Pennsylvania Inc Erie, PA | $5,719,575 | $4,406,759 |
Graphic Communications National Health And Welfare Trust Fund Pittsburgh, PA | $1,391,204 | $1,451,005 |
Movement Alliance Project Philadelphia, PA | $1,390,858 | $2,664,418 |
Michigan Association Of Broadcasters Lansing, MI | $4,032,403 | $2,357,925 |