1087 Millstream Area Credit Union Inc

Organization Overview

1087 Millstream Area Credit Union Inc is located in Findlay, 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 12/2018, 1087 Millstream Area Credit Union Inc employed 32 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 1087 Millstream Area 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, 1087 Millstream Area Credit Union Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.4m during the year ending 12/2019. While expenses have increased by 3.2% 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 QUALITY FINANCIAL SERVICES TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Reams
President/ceo
$126,568
Joshua Reams
Executive Vice President
$89,410
Jeff Fort
Secretary
$0
Steve Rupe
Chairperson
$0
Richard Kozlowski
Treasurer
$0
Pat Swisher
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $260,890
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 $3,772,125

Grants Recieved

Over the last fiscal year, we have identified 1 grants that 1087 Millstream Area Credit Union Inc has recieved totaling $5,000.

Awarding OrganizationAmount
National Credit Union Foundation Inc

Madison, WI

PURPOSE: BIZ KID$ TEACHER TRAINING AND ENTREPRENEUR GRANT

$5,000
View Grant Recipient Profile

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