0859 Atrium Credit Union Inc
- Assets
- $11.7m
- Revenue
- $517.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Franklin, OH
- Founding
- 04/1969
- Data as of
- 12/2022
- EIN
- 31-0622088
Organization Overview
0859 Atrium Credit Union Inc is located in Franklin, 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, 0859 Atrium Credit Union Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 0859 Atrium 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 12/2022, 0859 Atrium Credit Union Inc generated $517.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $494.8k during the year ending 12/2022. While expenses have increased by 2.3% 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
ATRIUM CREDIT UNION, INC. IS A FINANCIAL INSTITUTION COOPERATIVE ORGANIZED TO PROVIDE LOAN AND DEPOSIT PRODUCTS AND SERVICES TO THE MEMBER OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A STATE CHARTERED MEMBER OWNED COOPERATIVE CREDIT UNION THAT PROVIDES FINANCIAL PRODUCTS AND SERVICES TO THE MEMBER OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Cottongim Chief Executive Officer | Officer | 40 | $86,761 |
Amy Newland Chairperson Of Board | Trustee | 2 | $0 |
Donna Banks Vice Chairperson Of Board | Trustee | 2 | $0 |
Jeff Reynolds Treasurer Of Board | Trustee | 2 | $0 |
Sandra Snowden Secretary Of Board | Trustee | 2 | $0 |
Greg Hellmann Director | Trustee | 2 | $0 |
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 | $450,445 |
| Investment income | $67,064 |
| 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 | $517,509 |
| 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. | $86,760 |
| Compensation of current officers, directors, key employees. | $43,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,879 |
| Pension plan accruals and contributions | $4,720 |
| Other employee benefits | $31,929 |
| Payroll taxes | $15,375 |
| Fees for services: Management | $3,833 |
| Fees for services: Legal | $2,493 |
| Fees for services: Accounting | $11,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,437 |
| Information technology | $50,775 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $622 |
| Interest | $7,161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,311 |
| Insurance | $10,445 |
| All other expenses | $0 |
| Total functional expenses | $494,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,691 |
| Savings and temporary cash investments | $355,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,323,948 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,731 |
| Net Land, buildings, and equipment | $15,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,667,452 |
| Intangible assets | $0 |
| Other assets | $126,227 |
| Total assets | $11,733,536 |
| Accounts payable and accrued expenses | $139,974 |
| 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 | $10,530,237 |
| Total liabilities | $10,670,211 |
| 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 | $1,063,325 |
| Total liabilities and net assets/fund balances | $11,733,536 |