0022 Homeland Credit Union Inc
- Assets
- $544.8m
- Revenue
- $15.0m
- Investments
- $27.2m
- Employees
- 101
- Location
- Chillicothe, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 31-0395830
Organization Overview
0022 Homeland Credit Union Inc is located in Chillicothe, OH. The organization was established in 1969. 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, 0022 Homeland Credit Union Inc employed 101 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0022 Homeland Credit Union Inc 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, 0022 Homeland Credit Union Inc generated $15.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. While expenses have increased by 4.7% 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
THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES FINANCIAL SERVICES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shayne Poe CEO | Officer | 40 | $233,550 |
Heather R Irwin VP Member Services | Officer | 40 | $130,307 |
Sondra Butler Director | Officer | 40 | $115,231 |
James H Matthews Jr VP It | Officer | 40 | $108,096 |
Kelly Hopper Director | Officer | 40 | $100,212 |
John P Owens VP Of Lending & Sales | Officer | 40 | $94,259 |
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 | $10,437,652 |
| Investment income | $4,352,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,031,134 |
| 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. | $873,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,463,323 |
| Pension plan accruals and contributions | $580,387 |
| Other employee benefits | $0 |
| Payroll taxes | $300,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,285 |
| Fees for services: Accounting | $94,517 |
| Fees for services: Lobbying | $193,556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $249,628 |
| Office expenses | $1,977,482 |
| Information technology | $764,198 |
| Royalties | $0 |
| Occupancy | $387,366 |
| Travel | $44,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,723,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,350 |
| Insurance | $69,871 |
| All other expenses | $0 |
| Total functional expenses | $12,265,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,223,249 |
| Savings and temporary cash investments | $63,207,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $161,911,641 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,448,015 |
| Investments—publicly traded securities | $279,514,811 |
| Investments—other securities | $27,195,170 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,269,899 |
| Total assets | $544,770,601 |
| Accounts payable and accrued expenses | $2,684,379 |
| 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 | $462,228,644 |
| Total liabilities | $464,913,023 |
| 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 | $79,857,578 |
| Total liabilities and net assets/fund balances | $544,770,601 |
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