Form 990 for tax year 2025
Filed by 1143 SOUTHEASTERN OHIO CREDIT UNION INC.
Totals
- Total revenue
- $3,943,931
- Total expenses
- $3,468,022
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,188,071
- Investment income
- $755,860
- Other revenue
- $0
- Total assets, end of year
- $64,127,238
- Total liabilities, end of year
- $56,710,739
- Net assets or fund balances, end of year
- $7,416,499
- 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 $2,745,527 · related or exempt $2,745,527
-
2b · Program service revenue: FEES & COMMISSIONS
total $432,322 · related or exempt $296,550 · unrelated business $135,772
-
2c · Program service revenue: OTHER PROGRAM REVENUE
total $10,222 · related or exempt $10,222
-
3 · Investment income
total $755,860 · excluded $755,860
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,048,421
-
5 · Compensation of officers, directors and key employees
total $174,168
-
7 · Other salaries and wages
total $639,061
-
8 · Pension plan contributions
total $28,499
-
9 · Other employee benefits
total $438,886
-
10 · Payroll taxes
total $57,230
-
11b · Fees: legal
total $10,002
-
11c · Fees: accounting
total $42,000
-
11g · Fees: other
total $36,727
-
12 · Advertising and promotion
total $36,823
-
13 · Office expenses
total $115,056
-
14 · Information technology
total $108,551
-
16 · Occupancy
total $64,099
-
19 · Conferences, conventions and meetings
total $9,120
-
20 · Interest
total $250
-
22 · Depreciation, depletion and amortization
total $57,316
-
23 · Insurance
total $10,458
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $351,288
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $206,611
-
24c · Other expenses: OHIO CREDIT UNION DUES
total $15,851
-
24e · All other expenses
total $17,605
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $915,099 · end of year $913,813
-
7 · Other notes and loans receivable
beginning of year $36,036,893 · end of year $35,507,090
-
9 · Prepaid expenses and deferred charges
beginning of year $83,670 · end of year $90,733
-
10a · Land, buildings and equipment: cost or other basis
$3,180,162
-
10b · Land, buildings and equipment: accumulated depreciation
$569,041
-
10c · Land, buildings and equipment, net
beginning of year $2,563,490 · end of year $2,611,121
-
12 · Investments: other securities
beginning of year $16,933,846 · end of year $24,046,420
-
15 · Other assets
beginning of year $833,374 · end of year $958,061
-
17 · Accounts payable and accrued expenses
beginning of year $484,785 · end of year $95,678
-
25 · Other liabilities
beginning of year $49,940,997 · end of year $56,615,061
-
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 $6,940,590 · end of year $7,416,499
Mission and programs · 2025
Mission
SOUTHEASTERN OHIO CREDIT UNION IS OWNED BY THE MEMBERSHIP AND EXISTS TO PROVIDE, IN A FRIENDLY ATMOSPHERE, HIGH QUALITY FINANCIAL SERVICES AT FAVORABLE TERMS TO ITS MEMBERS WHILE MAINTAINING THE LONG-TERM FINANCIAL STABILITY OF THE CREDIT UNION.
Activities or mission (Part I)
TO PROVIDE HIGH QUALITY FINANCIAL SERVICES TO ITS MEMBERS.
-
PROVIDE FINANCIAL SERVICES TO MEMBERS.
As filed on the 2025 return.
Listed in Part VII
-
CATHY CLINE
CEO/TREASURER
- Total calculated
- $178,453
- From this org
- $107,570
- From related orgs
- $0
- Other
- $70,883
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,570
- Bonus
- $0
- Other
- $0
- Deferred
- $6,739
- Nontaxable benefits
- $64,144
- Filer's total
- $178,453
-
TAMMY CLARK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
STACEY THARP
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
MARSHA LEASURE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
SHARI SIDDLE
DIRECTOR
- 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
-
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. 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
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622299349302372
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