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Nonprofiteer
← 1244 PATHWAYS FINANCIAL CUI

Form 990 for tax year 2023

Filed by 1244 PATHWAYS FINANCIAL CUI.

Totals

Total revenue
$28,170,743
Total expenses
$25,708,561
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,765,158
Investment income
$3,405,585
Other revenue
$0
Total assets, end of year
$603,784,345
Total liabilities, end of year
$548,375,230
Net assets or fund balances, end of year
$55,409,115
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: LOAN INTEREST

    total $18,148,081 · related or exempt $18,148,081

  • 2b · Program service revenue: OTHER INCOME

    total $3,993,770 · related or exempt $3,983,628 · unrelated business $10,142

  • 2c · Program service revenue: FEE INCOME

    total $2,623,307 · related or exempt $2,623,307

  • 3 · Investment income

    total $3,405,585 · excluded $3,405,585

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,128,806

  • 7 · Other salaries and wages

    total $6,147,877

  • 11g · Fees: other

    total $186,951

  • 12 · Advertising and promotion

    total $1,128,445

  • 13 · Office expenses

    total $3,924,375

  • 16 · Occupancy

    total $961,780

  • 20 · Interest

    total $5,547,996

  • 24a · Other expenses: PROVISION FOR LOAN & LE

    total $2,503,028

  • 24b · Other expenses: DATA PROCESSING

    total $1,621,801

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $1,041,692

  • 24d · Other expenses: MISCELLANEOUS

    total $257,403

  • 24e · All other expenses

    total $258,407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,359,566 · end of year $6,922,350

  • 2 · Savings and temporary cash investments

    beginning of year $25,383,611 · end of year $48,397,475

  • 7 · Other notes and loans receivable

    beginning of year $408,985,891 · end of year $406,411,377

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,254,347 · end of year $3,271,217

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

    $18,751,732

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

    $4,606,003

  • 10c · Land, buildings and equipment, net

    beginning of year $15,238,142 · end of year $14,145,729

  • 12 · Investments: other securities

    beginning of year $101,853,204 · end of year $92,526,655

  • 15 · Other assets

    beginning of year $36,614,355 · end of year $32,109,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,482,374 · end of year $8,704,943

  • 23 · Secured mortgages and notes payable

    end of year $20,000,000

  • 25 · Other liabilities

    beginning of year $533,407,349 · end of year $519,670,287

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $52,799,393 · end of year $55,409,115

Mission and programs · 2023

Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE LOCAL MARKETPLACE AND WITH A "SERVICE-BASED" EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNER".

Activities or mission (Part I)

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.

  • PROVIDE FINANCIAL SERVICES TO MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Bill Knoles

    BOARD MEMBER

    Total calculated
    $7,450
    From this org
    $7,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marsha Calloway

    BOARD MEMBER

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kirk Pierson

    BOARD MEMBER

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Sisinger

    BOARD MEMBER

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jack Radich

    BOARD MEMBER

    Total calculated
    $7,550
    From this org
    $7,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Falk

    BOARD MEMBER

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gail Kelley

    BOARD MEMBER

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Poe

    BOARD MEMBER

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian Lakey

    BOARD MEMBER

    Total calculated
    $4,250
    From this org
    $4,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lionel Harris

    BOARD MEMBER

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Shafer

    CEO

    Total calculated
    $599,386
    From this org
    $562,032
    From related orgs
    $0
    Other
    $37,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,938
    Bonus
    $85,850
    Other
    $5,244
    Deferred
    $13,133
    Nontaxable benefits
    $24,221
    Filer's total
    $599,386

  • Greg Kidwell

    PRESIDENT

    Total calculated
    $408,396
    From this org
    $389,396
    From related orgs
    $0
    Other
    $19,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,478
    Bonus
    $57,674
    Other
    $5,244
    Deferred
    $19,000
    Nontaxable benefits
    $0
    Filer's total
    $408,396

  • Chris Hoover

    CFO

    Total calculated
    $218,846
    From this org
    $206,713
    From related orgs
    $0
    Other
    $12,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,161
    Bonus
    $31,618
    Other
    $4,934
    Deferred
    $12,133
    Nontaxable benefits
    $0
    Filer's total
    $218,846

  • Casey Eckles

    COO

    Total calculated
    $218,640
    From this org
    $205,387
    From related orgs
    $0
    Other
    $13,253
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,593
    Bonus
    $34,860
    Other
    $4,934
    Deferred
    $12,053
    Nontaxable benefits
    $1,200
    Filer's total
    $218,640

  • Andy Tarbox

    CIO

    Total calculated
    $223,625
    From this org
    $209,962
    From related orgs
    $0
    Other
    $13,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,610
    Bonus
    $36,668
    Other
    $2,684
    Deferred
    $12,463
    Nontaxable benefits
    $1,200
    Filer's total
    $223,625

  • Jill Justice

    CHR

    Total calculated
    $182,045
    From this org
    $171,255
    From related orgs
    $0
    Other
    $10,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,675
    Bonus
    $27,671
    Other
    $4,909
    Deferred
    $9,590
    Nontaxable benefits
    $1,200
    Filer's total
    $182,045

  • Curtis Onofri

    CLO

    Total calculated
    $213,768
    From this org
    $200,536
    From related orgs
    $0
    Other
    $13,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,092
    Bonus
    $34,760
    Other
    $684
    Deferred
    $12,032
    Nontaxable benefits
    $1,200
    Filer's total
    $213,768

  • Christina Gil

    AVP LOAN ORIGINATIONS

    Total calculated
    $119,041
    From this org
    $110,426
    From related orgs
    $0
    Other
    $8,615
    Hours/week
    40

  • Deanna Barzak

    VP OF BUSINESS DEV

    Total calculated
    $126,571
    From this org
    $118,812
    From related orgs
    $0
    Other
    $7,759
    Hours/week
    40

  • Maria Gonzalez

    VP OF SALES AND SERVICES

    Total calculated
    $137,831
    From this org
    $129,025
    From related orgs
    $0
    Other
    $8,806
    Hours/week
    40

  • Michele Murry

    VP OF ADMIN

    Total calculated
    $117,808
    From this org
    $110,418
    From related orgs
    $0
    Other
    $7,390
    Hours/week
    40

  • Christine Martino

    VP OF COMPLIANCE & RISK

    Total calculated
    $127,727
    From this org
    $122,988
    From related orgs
    $0
    Other
    $4,739
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MEMBER POWER SERVICES GROUP

    DISSOLVED IN 2023 · OH · income $0 · assets $0

    Directly controlled by PATHWAYS FINANCIAL CREDIT UNION 23-7247091

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423209349321232

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