0827 Daymet Credit Union
- Assets
- $106.6m
- Revenue
- $5.0m
- Investments
- $4.5m
- Employees
- 30
- Location
- Dayton, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 31-0616172
Organization Overview
0827 Daymet Credit Union is located in Dayton, 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, 0827 Daymet Credit Union employed 30 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0827 Daymet 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, 0827 Daymet Credit Union generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.9% 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
STATE CHARTERED CREDIT UNION ORGANIZED TO PROVIDE MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING TO CREDIT UNION MEMBERS. WE PROVIDED CREDIT CARD AND LINE OF CREDIT LOANS; VEHICLE LOANS; MORTGAGE LOANS; AND OTHER LOANS TO MEMBERS IN 2021.
PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS. WE PROVIDED CHECKING ACCOUNTS; SAVINGS ACCOUNTS; MONEY MARKET ACCOUNTS; CERTIFICATES OF DEPOSIT; RETIREMENT ACCOUNTS; AND OTHER ACCOUNTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven D Shore President & CEO | Officer | 40 | $171,468 |
Mike Rogers Director | OfficerTrustee | 0 | $0 |
Don Kiley Director | OfficerTrustee | 0 | $0 |
Allen R Norris Director | OfficerTrustee | 0 | $0 |
Amelia V Law Director | OfficerTrustee | 0 | $0 |
Tyrone Mcguffey Director | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vantiv Debit Cards | 12/30/21 | $295,122 |
Cuanswers Data Processing | 12/30/21 | $260,466 |
United Health Care Health Ins | 12/30/21 | $149,638 |
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 | $4,639,522 |
| Investment income | $330,043 |
| 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 | $4,969,565 |
| 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. | $171,468 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,587,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,721 |
| Advertising and promotion | $114,422 |
| Office expenses | $345,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,069 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $424,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $89,076 |
| All other expenses | $30,575 |
| Total functional expenses | $4,386,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,535,063 |
| Savings and temporary cash investments | $10,942,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $341,999 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $73,198,708 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,854,428 |
| Net Land, buildings, and equipment | $1,334,916 |
| Investments—publicly traded securities | $9,422,256 |
| Investments—other securities | $4,455,601 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,540,438 |
| Total assets | $106,625,826 |
| Accounts payable and accrued expenses | $736,560 |
| 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 | $96,861,539 |
| Total liabilities | $97,598,099 |
| 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 | $9,027,727 |
| Total liabilities and net assets/fund balances | $106,625,826 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 0827 Daymet Credit Union has recieved totaling $5,794.
| Awarding Organization | Amount |
|---|---|
Ohio Credit Union Foundation Columbus, OH PURPOSE: STAFF PROFESSIONAL DEVELOPMENT | $5,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Romulus, MI | $367,474,498 | $22,316,776 |
Credit Unions Chartered In The State Of Michigan Adrian, MI | $694,874,887 | $25,132,877 |
Credit Unions Chartered In The State Of Michigan Grand Rapids, MI | $438,784,059 | $20,782,924 |
Credit Unions Chartered In The State Of Michigan Lansing, MI | $383,174,122 | $20,620,547 |
Credit Unions Chartered In The State Of Michigan Detroit, MI | $516,558,136 | $18,643,457 |
Credit Unions Chartered In The State Of Michigan Marquette, MI | $491,728,057 | $19,135,519 |
Oucu Financial Credit Union Inc Athens, OH | $474,537,170 | $21,539,633 |
0197 Universal 1 Credit Union Inc Dayton, OH | $475,826,892 | $18,974,323 |
River Valley Credit Union Inc Miamisburg, OH | $417,823,521 | $18,188,326 |
Credit Unions Chartered In The State Of Michigan Saginaw, MI | $415,190,693 | $18,275,533 |
Credit Unions Chartered In The State Of Michigan Alpena, MI | $535,801,476 | $22,122,560 |
Via Credit Union Marion, IN | $517,398,165 | $18,473,040 |