0005 Wright-Patt Credit Union

Organization Overview

0005 Wright-Patt Credit Union is located in Beavercreek, OH. The organization was established in 1969. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, 0005 Wright-Patt Credit Union employed 1,435 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0005 Wright-Patt 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, 0005 Wright-Patt Credit Union generated $342.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $237.7m during the year ending 12/2021. While expenses have increased by 7.4% 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.

Since 2015, 0005 Wright-Patt Credit Union has awarded 21 individual grants totaling $1,766,575. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THRIFT SAVINGS, BORROWING,AND FINANCIAL SERVICES AMONG ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 972,500 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 449,248 MEMBERS (DIVIDENDS $37,652,528; INCLUDING A SPECIAL PATRONAGE DIVIDEND OF $10,361,929).


DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED TO PROVIDE DEPOSIT SERVICES, ORIGINATE LOANS, AND SERVICE LOANS FOR MEMBERS TOTALED $106,486,834.


BRANCH OFFICE OCCUPANCY AND OPERATIONS SERVICES 34 BRICK AND MORTAR BRANCHES PLUS TWO CALL CENTERS PROVIDES PHYSICAL LOCATION FOR PERSON TO PERSON FINANCIAL SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vaco Cincinnati
Temp/contractors
$3,305,079
Software Information Systems Llc
Technology Services
$1,600,397
Abbott Image Solutions Llc
Sign & Image Soln
$545,830
Avtex Solutions Llc
Technology Services
$886,592
Cu Student Choice Partners Llc
Technology Services
$539,113
View All Vendors

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$320,517,462
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,075,404
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $342,592,866

Grants Awarded

Over the last fiscal year, 0005 Wright-Patt Credit Union has awarded $712,182 in support to 6 organizations.

Grant RecipientAmount

WRIGHT STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$335,000

WPCU SUNSHINE COMMUNITY FUND

Org PageRecipient Profile

Beavercreek, OH

PURPOSE: GENERAL SUPPORT

$332,182

BOYS & GIRLS CLUB OF DAYTON INC

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$15,000

MIAMI VALLEY PUBLIC MEDIA INC (WYSO)

Org PageRecipient Profile

Yellow Springs, OH

PURPOSE: GENERAL SUPPORT

$10,000

Dayton, OH

PURPOSE: GENERAL SUPPORT

$10,000

HOMEOWNERSHIP CENTER OF GREATER DAYTON INC

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that 0005 Wright-Patt Credit Union has recieved totaling $38,000.

Awarding OrganizationAmount
Ohio Credit Union Foundation

Columbus, OH

PURPOSE: SAVINGS RACE PROGRAMMING

$38,000
View Grant Recipient Profile

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