Spojnia Credit Union
- Assets
- $15.1m
- Revenue
- $341.9k
- Investments
- $4.4m
- Employees
- 4
- Location
- Scranton, PA
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 23-7429891
Organization Overview
Spojnia Credit Union is located in Scranton, PA. The organization was established in 2001. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Spojnia Credit Union employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spojnia Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Spojnia Credit Union generated $341.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $331.6k during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO THEIR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO ITS MEMBERS
TO PROVIDE CO-OPERATIVE FINANCIAL SERVICES TO THEIR MEMBER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Andrzejewski III Treasurer | OfficerTrustee | 10 | $1,920 |
Jan Cwikla President | OfficerTrustee | 10 | $1,320 |
Jacek Grotnik Vice Preside | OfficerTrustee | 5 | $1,020 |
John Ostroski Director | OfficerTrustee | 5 | $1,020 |
Joan Scheuneman Secretary | OfficerTrustee | 5 | $1,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $281,607 |
| Investment income | $60,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $341,909 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,323 |
| Payroll taxes | $6,402 |
| Fees for services: Management | $4,725 |
| Fees for services: Legal | $280 |
| Fees for services: Accounting | $6,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,497 |
| Office expenses | $26,606 |
| Information technology | $4,989 |
| Royalties | $0 |
| Occupancy | $6,538 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,810 |
| Interest | $34,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,520 |
| All other expenses | $7,268 |
| Total functional expenses | $331,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,625 |
| Savings and temporary cash investments | $2,906,512 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $224,808 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,795,103 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $589,183 |
| Investments—other securities | $4,374,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,735 |
| Total assets | $15,054,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,638,356 |
| Total liabilities | $12,638,356 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,416,625 |
| Total liabilities and net assets/fund balances | $15,054,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spojnia Credit Union has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Crossstate Credit Union Foundation Harrisburg, PA | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trumark Financial Credit Union Fort Washington, PA | $2,771,242,877 | $109,685,822 |
37 Kemba Financial Credit Union Gahanna, OH | $1,889,723,616 | $82,675,194 |
Sunmark Credit Union Latham, NY | $1,009,786,367 | $61,777,524 |
Municipal Employees Credit Union Of Baltimore Inc Baltimore, MD | $1,362,108,647 | $60,211,083 |
810 Seven Seventeen Credit Union Inc Warren, OH | $1,389,210,526 | $71,202,563 |
64 Telhio Credit Union Inc Columbus, OH | $1,270,587,920 | $63,287,965 |
42 Kemba Credit Union Inc West Chester, OH | $1,395,836,820 | $59,675,729 |
Belco Community Credit Union Harrisburg, PA | $811,601,260 | $40,862,040 |
Point Breeze Credit Union Hunt Valley, MD | $935,513,107 | $29,545,819 |
Northern Credit Union Watertown, NY | $435,001,865 | $31,512,409 |
1244 Pathways Financial Cui Columbus, OH | $585,094,948 | $28,786,702 |
1307 Day Air Credit Union Inc Kettering, OH | $609,648,361 | $32,295,915 |