Point Breeze Credit Union
- Assets
- $935.5m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 138
- Location
- Hunt Valley, MD
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 52-0447180
Organization Overview
Point Breeze Credit Union is located in Hunt Valley, MD. The organization was established in 1998. 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, Point Breeze Credit Union employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Breeze 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, Point Breeze Credit Union generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $26.9m during the year ending 12/2021. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POINT BREEZE CREDIT UNION PROVIDES LENDING AND DEPOSIT SERVICES TO ITS APPROXIMATELY 61,152 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard G Mclaughlin CEO | Officer | 40 | $645,180 |
Tonia M Niedzialkowski President | Officer | 40 | $325,541 |
Patricia Brice Svp/clo | Officer | 40 | $210,740 |
Kimberly Mangrum SVP - Member Services | Officer | 40 | $206,161 |
Marisa Ehrlich Svp/cfo | Officer | 40 | $201,326 |
Kristin Reynolds SVP - Human Resources | Officer | 40 | $167,465 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buch Construction Construction And Facilities | 12/30/21 | $2,791,993 |
Ncr Corp Software Provider | 12/30/21 | $796,676 |
Fiserv Inc Data Processing | 12/30/21 | $1,513,987 |
System Source It | 12/30/21 | $530,333 |
The Long Group Business Development | 12/30/21 | $1,490,616 |
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 | $25,552,169 |
| Investment income | $2,683,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,310,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,545,819 |
| 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. | $3,611,780 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,233,662 |
| Pension plan accruals and contributions | $569,651 |
| Other employee benefits | $1,459,210 |
| Payroll taxes | $640,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,432 |
| Fees for services: Accounting | $116,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $943,810 |
| Advertising and promotion | $1,924,743 |
| Office expenses | $2,119,187 |
| Information technology | $1,002,385 |
| Royalties | $0 |
| Occupancy | $2,095,222 |
| Travel | $4,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,839 |
| Interest | $1,638,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,738,104 |
| Insurance | $173,789 |
| All other expenses | $0 |
| Total functional expenses | $26,854,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,345,744 |
| Savings and temporary cash investments | $93,062,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,520,294 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $523,243,769 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,878,169 |
| Investments—publicly traded securities | $240,250,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,212,083 |
| Total assets | $935,513,107 |
| Accounts payable and accrued expenses | $3,869,751 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $3,869,751 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $812,072,597 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $119,570,759 |
| Total liabilities and net assets/fund balances | $935,513,107 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trumark Financial Credit Union Fort Washington, PA | $2,771,242,877 | $109,685,822 |
Municipal Employees Credit Union Of Baltimore Inc Baltimore, MD | $1,362,108,647 | $60,211,083 |
Belco Community Credit Union Harrisburg, PA | $811,601,260 | $40,862,040 |
Point Breeze Credit Union Hunt Valley, MD | $935,513,107 | $29,545,819 |
Lehigh Valley Educators Credit Union Allentown, PA | $408,699,262 | $9,686,113 |
Gold Credit Union Allentown, PA | $159,911,772 | $5,388,843 |
Bhcu Ridley Park, PA | $210,321,803 | $8,169,647 |
Viriva Community Credit Union Warminster, PA | $82,892,132 | $3,723,537 |
Entrust Financial Credit Union Richmond, VA | $74,599,111 | $4,148,038 |
Destinations Credit Union Baltimore, MD | $69,990,367 | $3,241,703 |
National Association Of State Credit Union Supervisors Arlington, VA | $4,477,654 | $3,426,834 |
Defense Credit Union Council Inc Washington, DC | $9,962,978 | $3,266,018 |