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138 TOWPATH CREDIT UNION INC

EIN 34-0058905 FAIRLAWN, OH

Revenue 2024
$13,589,594
Expenses 2024
$12,578,142

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

As filed

Subsection
14
Classification
1000
Street
2969 SMITH RD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of OHIO CHARTERED CREDIT UNIONS (EIN 23-7092827). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

Towpath Credit Union proudly serves its qualified members with secure, competitive financial products and services that strengthen our community. Mission Statement - Towpath Credit Union's mission is to pave pathways to modern financials opportunities that uplift the community.

Activities or mission (Part I)

Towpath Credit Union is a member-owned, not-for-profit financial cooperative dedicated to serving the needs of its members throughout Summit County and approved select employee groups. Committed to excellence, Towpath Credit Union provides high-quality financial products and personalized services designed to help members achieve their financial goals.

  • Member Loans - Towpath Credit Union is committed to providing members with financial flexibility and stability through a variety of loan options. These include automobile loans, share-secured loans, unsecured loans, business participation loans, mortgage loans, real estate loans, personal loans, credit cards, and several other lending products designed to meet diverse financial needs. At year-end, the Credit Union had approximately 13,782 loans outstanding.

  • Depository Accounts - Towpath Credit Union is dedicated to providing members with financial flexibility while encouraging savings through a variety of depository account options. These include checking accounts, savings accounts, money market accounts, share certificates, IRA accounts, holiday accounts, and several other account types designed to support members' financial goals. At year-end, the Credit Union maintained approximately 45,100 depository accounts.

  • Debit Card Program - Towpath Credit Union is committed to providing members with financial flexibility, security, and convenient access to their funds through its debit card program. This service allows members to easily access their accounts, make purchases, and manage their finances with confidence and ease.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Michael Sferro

    President/CEO

    Total calculated
    $189,684
    From this org
    $170,637
    From related orgs
    $0
    Other
    $19,047
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $145,000
    Bonus
    $19,525
    Other
    $7,800
    Deferred
    $0
    Nontaxable benefits
    $19,047
    Filer's total
    $191,372

  • Kathryn Lee

    EVP/CHRO

    Total calculated
    $119,121
    From this org
    $109,188
    From related orgs
    $0
    Other
    $9,933
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $99,000
    Bonus
    $12,970
    Other
    $1,800
    Deferred
    $0
    Nontaxable benefits
    $9,966
    Filer's total
    $123,736

  • Melissa Dawson

    EVP/CFO

    Total calculated
    $118,362
    From this org
    $108,396
    From related orgs
    $0
    Other
    $9,966
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $99,000
    Bonus
    $12,970
    Other
    $1,800
    Deferred
    $0
    Nontaxable benefits
    $9,933
    Filer's total
    $123,703

  • Jeremy Wascak

    SVP/CSO

    Total calculated
    $115,938
    From this org
    $106,483
    From related orgs
    $0
    Other
    $9,455
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $95,500
    Bonus
    $10,904
    Other
    $1,800
    Deferred
    $0
    Nontaxable benefits
    $9,454
    Filer's total
    $117,658

  • Edward Schmuhl

    SVP, CIO/CIS

    Total calculated
    $111,085
    From this org
    $101,883
    From related orgs
    $0
    Other
    $9,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,000
    Bonus
    $11,326
    Other
    $1,800
    Deferred
    $0
    Nontaxable benefits
    $9,202
    Filer's total
    $113,328

  • Lester Carney

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Ernest Steele

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • James Talley

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Judi Hill

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bob Newman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brian Gay

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kelly Peters

    Board Member

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $13,589,594
    Expenses
    $12,578,142
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $11,618,297
    Expenses
    $10,590,911
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $8,942,681
    Expenses
    $8,426,996
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $7,800,113
    Expenses
    $7,248,682
    Assets (EOY)
    $178,726,504

  • 2020 · 990

    Revenue
    $7,391,287
    Expenses
    $7,041,391
    Assets (EOY)
    $155,193,622

  • 2019 · 990

    Revenue
    $8,203,326
    Expenses
    $7,255,182
    Assets (EOY)
    $131,344,949

  • 2018 · 990

    Revenue
    $8,170,867
    Expenses
    $6,976,229
    Assets (EOY)
    $127,845,477

  • 2017 · 990

    Revenue
    $7,238,035
    Expenses
    $6,428,158
    Assets (EOY)
    $126,948,784

  • 2016 · 990

    Revenue
    $6,607,239
    Expenses
    $5,559,002
    Assets (EOY)
    $122,031,762

  • 2015 · 990

    Revenue
    $5,722,672
    Expenses
    $5,176,680
    Assets (EOY)
    $116,456,558

  • 2014 · 990

    Revenue
    $5,346,653
    Expenses
    $4,963,652
    Assets (EOY)
    $113,545,148

  • 2013 · 990

    Revenue
    $4,970,191
    Expenses
    $4,544,894
    Assets (EOY)
    $113,894,801

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $4,704,717
    Assets (EOY)
    $114,237,874

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.