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Nonprofiteer
← 1143 SOUTHEASTERN OHIO CREDIT UNION INC

Form 990 for tax year 2023

Filed by 1143 SOUTHEASTERN OHIO CREDIT UNION INC.

Totals

Total revenue
$2,743,645
Total expenses
$2,254,781
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,578,215
Investment income
$165,430
Other revenue
$0
Total assets, end of year
$50,145,508
Total liabilities, end of year
$43,731,157
Net assets or fund balances, end of year
$6,414,351
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: INTEREST ON LOANS

    total $2,157,671 · related or exempt $2,157,671

  • 2b · Program service revenue: FEES & COMMISSIONS

    total $408,984 · related or exempt $258,396 · unrelated business $150,588

  • 2c · Program service revenue: OTHER REVENUE

    total $11,560 · related or exempt $11,560

  • 3 · Investment income

    total $165,430 · excluded $165,430

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $101,376

  • 7 · Other salaries and wages

    total $460,301

  • 8 · Pension plan contributions

    total $16,606

  • 9 · Other employee benefits

    total $346,895

  • 10 · Payroll taxes

    total $42,855

  • 11c · Fees: accounting

    total $24,000

  • 11g · Fees: other

    total $95,693

  • 12 · Advertising and promotion

    total $32,173

  • 13 · Office expenses

    total $102,171

  • 16 · Occupancy

    total $42,558

  • 19 · Conferences, conventions and meetings

    total $7,200

  • 20 · Interest

    total $118,059

  • 22 · Depreciation, depletion and amortization

    total $41,456

  • 23 · Insurance

    total $4,093

  • 24a · Other expenses: DIVIDEND EXPENSE

    total $370,940

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $229,047

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $177,009

  • 24d · Other expenses: MISCELLANEOUS OPERATING

    total $28,551

  • 24e · All other expenses

    total $13,798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $479,665 · end of year $904,469

  • 7 · Other notes and loans receivable

    beginning of year $31,371,963 · end of year $36,190,154

  • 9 · Prepaid expenses and deferred charges

    end of year $115,849

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

    $1,746,218

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

    $480,453

  • 10c · Land, buildings and equipment, net

    beginning of year $796,308 · end of year $1,265,765

  • 12 · Investments: other securities

    beginning of year $10,237,488 · end of year $10,898,343

  • 15 · Other assets

    beginning of year $1,036,115 · end of year $770,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $453,938 · end of year $471,517

  • 24 · Unsecured notes and loans payable

    end of year $1,504,975

  • 25 · Other liabilities

    beginning of year $37,541,120 · end of year $41,754,665

  • 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 $5,926,481 · end of year $6,414,351

Mission and programs · 2023

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO MEMBERS.

Activities or mission (Part I)

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO ITS MEMBERS.

  • PROVIDE FINANCIAL SERVICES TO MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • TAMMY CLARK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STACEY THARP

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SHARI SIDDLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHA LEASURE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LINDA PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES VAUGHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES E MCCONKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHY CLINE

    CEO/TREASURER

    Total calculated
    $101,376
    From this org
    $96,127
    From related orgs
    $0
    Other
    $5,249
    Hours/week
    40

  • ANDREW EDDY

    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
2023
Filed
1 November 2024
IRS schema version
2023v5.1
Source object
202433139349300433

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