Alcose Credit Union
- Assets
- $17.7m
- Revenue
- $570.3k
- Investments
- $0.0
- Employees
- 10
- Location
- White Oak, PA
- Founding
- Data as of
- 12/2021
- EIN
- 25-0996223
Organization Overview
Alcose Credit Union is located in White Oak, PA. As of 12/2021, Alcose Credit Union employed 10 individuals. Alcose 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, Alcose Credit Union generated $570.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $532.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
THE CREDIT UNION'S MISSION IS TO PROVIDE THRIFT SAVINGS & BORROWINGS FOR ITS MEMBERS. THE CREDIT UNION ALSO PROVIDES OTHER FINANCIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy A Benedek CEO | 40 | $66,447 | |
Darlene Hochendoner CEO | Officer | 40 | $41,273 |
Jack F Ewald IV CEO | 40 | $13,847 | |
Cash Kalina Board Secretary | OfficerTrustee | 0 | $0 |
Angela Vehec Vice President Of Board | OfficerTrustee | 0 | $0 |
John T Benedek Chairman Of Board | OfficerTrustee | 0 | $0 |
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 | $269,890 |
| Investment income | $129,853 |
| 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 | $570,276 |
| 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. | $41,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,405 |
| Pension plan accruals and contributions | $17,957 |
| Other employee benefits | $25,617 |
| Payroll taxes | $15,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,535 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,718 |
| Advertising and promotion | $2,931 |
| Office expenses | $64,970 |
| Information technology | $27,830 |
| Royalties | $0 |
| Occupancy | $30,605 |
| Travel | $4,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,671 |
| Interest | $16,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,731 |
| Insurance | $16,583 |
| All other expenses | $0 |
| Total functional expenses | $532,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,659,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $42,859 |
| Notes and loans receivable | $4,978,757 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,547 |
| Net Land, buildings, and equipment | $336,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,496,684 |
| Intangible assets | $4,314 |
| Other assets | $2,178,006 |
| Total assets | $17,729,186 |
| Accounts payable and accrued expenses | $10,370 |
| 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 | $7,730 |
| Total liabilities | $18,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,596,536 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,114,550 |
| Total liabilities and net assets/fund balances | $17,729,186 |
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