0827 Daymet Credit Union
- Assets
- $121.5m
- Revenue
- $5.5m
- Investments
- $3.2m
- Employees
- 29
- Location
- Dayton, OH
- Founding
- 04/1969
- Data as of
- 12/2022
- 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 12/2022, 0827 Daymet Credit Union employed 29 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 12/2022, 0827 Daymet Credit Union generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
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 2022.
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 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia V Law Director | OfficerTrustee | 0 | $0 |
Allen R Norris Recording Secretary | OfficerTrustee | 0 | $0 |
Mike Rogers Vice Chair | OfficerTrustee | 0 | $0 |
Don Kiley Chairman Of The Board | OfficerTrustee | 0 | $0 |
Jessica A Osbourne Treasurer/finanical Secretary | OfficerTrustee | 0 | $0 |
Tyrone Mcguffey Director | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cuanswers Data Processing | 12/30/21 | $260,466 |
Vantiv Debit Cards | 12/30/21 | $295,122 |
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 | $5,202,900 |
| Investment income | $311,946 |
| 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 | $5,514,846 |
| 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. | $587,688 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,514,701 |
| 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 | $64,316 |
| Advertising and promotion | $132,887 |
| Office expenses | $344,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $554,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $63,519 |
| All other expenses | $46,494 |
| Total functional expenses | $4,902,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,552,853 |
| Savings and temporary cash investments | $8,745,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,258,473 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $89,864,696 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,629,335 |
| Net Land, buildings, and equipment | $1,273,991 |
| Investments—publicly traded securities | $10,305,267 |
| Investments—other securities | $3,201,920 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,628,102 |
| Total assets | $121,460,418 |
| Accounts payable and accrued expenses | $795,690 |
| 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 | $1,000,940 |
| Other liabilities | $111,086,236 |
| Total liabilities | $112,882,866 |
| 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 | $8,577,552 |
| Total liabilities and net assets/fund balances | $121,460,418 |