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Nonprofiteer
← 833 NORTH COAST CREDIT UNION INC

Form 990 for tax year 2022

Filed by 833 NORTH COAST CREDIT UNION INC.

Totals

Total revenue
$1,330,622
Total expenses
$748,450
Contributions and grants received
$750,000
Grants paid
$0
Program service revenue
$492,453
Investment income
$88,169
Other revenue
$0
Total assets, end of year
$16,673,960
Total liabilities, end of year
-$64,393
Net assets or fund balances, end of year
$16,738,353
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $750,000

  • 2a · Program service revenue: INTEREST - PERSONAL LOANS

    total $364,120 · related or exempt $364,120

  • 2b · Program service revenue: FEE INCOME

    total $128,333 · related or exempt $128,333

  • 3 · Investment income

    total $88,169 · excluded $88,169

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $8,276

  • 5 · Compensation of officers, directors and key employees

    total $114,865

  • 7 · Other salaries and wages

    total $140,182

  • 8 · Pension plan contributions

    total $7,460

  • 9 · Other employee benefits

    total $2,950

  • 10 · Payroll taxes

    total $20,268

  • 11b · Fees: legal

    total $1,869

  • 11c · Fees: accounting

    total $29,370

  • 11g · Fees: other

    total $8,049

  • 12 · Advertising and promotion

    total $3,320

  • 13 · Office expenses

    total $88,474

  • 14 · Information technology

    total $94,731

  • 16 · Occupancy

    total $25,508

  • 17 · Travel

    total $1,086

  • 19 · Conferences, conventions and meetings

    total $7,714

  • 22 · Depreciation, depletion and amortization

    total $27,446

  • 23 · Insurance

    total $18,768

  • 24a · Other expenses: MERCHANT/CREDIT CARD FEES

    total $97,180

  • 24b · Other expenses: LOAN SERVICING/LOAN LOSS

    total $20,720

  • 24c · Other expenses: EQUIPMENT LEASES

    total $12,596

  • 24d · Other expenses: CORPORATE ONE SERVICE CHG

    total $11,530

  • 24e · All other expenses

    total $6,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,394 · end of year $115,139

  • 2 · Savings and temporary cash investments

    beginning of year $925,087 · end of year $266,944

  • 5 · Loans and receivables from officers and key people

    beginning of year $9,368 · end of year $527,938

  • 7 · Other notes and loans receivable

    beginning of year $7,538,230 · end of year $7,336,891

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,920 · end of year $15,085

  • 10a · Land, buildings and equipment: cost or other basis

    $1,104,940

  • 10b · Land, buildings and equipment: accumulated depreciation

    $311,388

  • 10c · Land, buildings and equipment, net

    beginning of year $806,716 · end of year $793,552

  • 15 · Other assets

    beginning of year $7,104,712 · end of year $7,618,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,322 · end of year -$64,393

  • 29 · Capital stock, trust principal or current funds

    beginning of year $16,479,105 · end of year $16,738,353

Mission and programs · 2022

Mission

IT IS THE MISSION OF NORTH COAST CREDIT UNION TO EXCEED EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS THAT WILL PROMOTE MEMBERS' FINANCIAL SUCCESS, WHILE OPERATING IN A FINANCIALLY SOUND, ETHICAL MANNER.

  • DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 2,487 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 1,829 MEMBERS.

  • DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

  • DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING AND IN PERSON AT THE CREDIT UNION OFFICE.

As filed on the 2022 return.

Listed in Part VII

  • Bryan Boyko

    PRESIDENT

    Total calculated
    $118,311
    From this org
    $114,865
    From related orgs
    $0
    Other
    $3,446
    Hours/week
    40

  • Patrick Cooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Hinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Lacause

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Raymond Marvar

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Ralph McGreevy

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Rechenbach

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jim Rokakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202312939349301501

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