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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Doug Fecher President & CEO | Officer | 39 | $1,306,896 |
Timothy Mislansky Chief Strategy Officer | Officer | 40 | $513,809 |
Steve Harrell Director, Retirement Solutions | 40 | $411,060 | |
Tonya Coon President Of Mycumortgage | Officer | 40 | $389,953 |
Eric Bugger Chief Lending Officer | Officer | 40 | $372,813 |
Daniel G Smith Chief Financial Officer | Officer | 40 | $366,387 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Vaco Cincinnati Temp/contractors | 12/30/21 | $3,305,079 |
Software Information Systems Llc Technology Services | 12/30/21 | $1,600,397 |
Abbott Image Solutions Llc Sign & Image Soln | 12/30/21 | $545,830 |
Avtex Solutions Llc Technology Services | 12/30/21 | $886,592 |
Cu Student Choice Partners Llc Technology Services | 12/30/21 | $539,113 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $779,829 |
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. | $7,862,251 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $73,591,072 |
Pension plan accruals and contributions | $5,513,374 |
Other employee benefits | $12,656,388 |
Payroll taxes | $5,726,187 |
Fees for services: Management | $0 |
Fees for services: Legal | $253,162 |
Fees for services: Accounting | $278,604 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $427,357 |
Fees for services: Other | $3,033,776 |
Advertising and promotion | $5,208,895 |
Office expenses | $6,400,798 |
Information technology | $6,041,523 |
Royalties | $0 |
Occupancy | $7,567,783 |
Travel | $242,504 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $87,193 |
Interest | $31,814,783 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,182,130 |
Insurance | $545,656 |
All other expenses | $7,124,059 |
Total functional expenses | $237,669,411 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $534,510,376 |
Savings and temporary cash investments | $52,100,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $41,556,640 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,907,753,628 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $5,677,105 |
Net Land, buildings, and equipment | $67,026,812 |
Investments—publicly traded securities | $51,701,013 |
Investments—other securities | $1,287,254,243 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $186,736,430 |
Total assets | $7,134,316,247 |
Accounts payable and accrued expenses | $57,166,777 |
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 | $260,950,636 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,057,669,273 |
Total liabilities | $6,375,786,686 |
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 | $758,529,561 |
Total liabilities and net assets/fund balances | $7,134,316,247 |
Over the last fiscal year, 0005 Wright-Patt Credit Union has awarded $712,182 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Dayton, OH PURPOSE: GENERAL SUPPORT | $335,000 |
Beavercreek, OH PURPOSE: GENERAL SUPPORT | $332,182 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Yellow Springs, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Over the last fiscal year, we have identified 1 grants that 0005 Wright-Patt Credit Union has recieved totaling $38,000.
Awarding Organization | Amount |
---|---|
Ohio Credit Union Foundation Columbus, OH PURPOSE: SAVINGS RACE PROGRAMMING | $38,000 |
Organization Name | Assets | Revenue |
---|---|---|
0005 Wright-Patt Credit Union Beavercreek, OH | $7,134,316,247 | $342,592,866 |
Accesslex Institute West Chester, PA | $2,183,370,969 | $71,548,007 |
Pheaa Student Loan Foundation Inc Harrisburg, PA | $2,204,662,034 | $55,394,256 |
Credit Unions Chartered In The State Of Michigan Lansing, MI | $943,734,939 | $46,684,897 |
Credit Unions Chartered In The State Of Michigan Flint, MI | $802,734,792 | $36,611,617 |
Opportunity Finance Network Philadelphia, PA | $225,364,675 | $52,021,160 |
Anabaptist Financial Lewisburg, PA | $625,930,441 | $18,548,671 |
Sharefax Credit Union Inc Cincinnati, OH | $476,733,976 | $17,127,744 |
0053 Ih Credit Union Springfield, OH | $344,796,959 | $14,795,069 |
544 C E S Credit Union Inc Mount Vernon, OH | $208,699,156 | $7,355,905 |
Friends Fiduciary Corporation Philadelphia, PA | $693,443,242 | $5,444,683 |
1087 Millstream Area Credit Union Inc Findlay, OH | $59,199,918 | $3,448,457 |