Ohio Credit Union League
- Assets
- $5.3m
- Revenue
- $4.5m
- Investments
- $1.3m
- Employees
- 19
- Location
- Columbus, OH
- Founding
- 10/1987
- Data as of
- 12/2023
- EIN
- 31-4359680
Organization Overview
Ohio Credit Union League is located in Columbus, OH. The organization was established in 1987. 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 12/2023, Ohio Credit Union League employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Ohio Credit Union League is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Ohio Credit Union League generated $4.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO CREDIT UNION LEAGUE("OCUL") IS THE STATE-LEVEL TRADE ASSOCIATION FOR CREDIT UNIONS DOMICILED IN OHIO. MEMBER BENEFITS INCLUDE COMPLIANCE SUPPORT, PROFESSIONAL DEVELOPMENT, LEGISLATIVE AND REGULATORY ADVOCACY, MEDIA AND PUBLIC RELATIONS, NETWORKING OPPORTUNITIES, AND PREFERENTIAL PRICING ON CERTAIN PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE & REGULATORY ADVOCACY - THE LEGISLATIVE AND REGULATORYINTERESTS OF OHIO'S CREDIT UNIONS ARE PROTECTED, REPRESENTED, ANDADVANCED BY OCUL AT THE STATE AND FEDERAL LEVELS. WE CONDUCTRELATIONSHIP BUILDING ACTIVITIES SUCH AS CU TOURS, LEGISLATIVE EVENTS,HIKE THE HILL, STATEHOUSE & CAPITOL HILL LOBBYING, AND INTRODUCTION OFLEGISLATION. WE SPONSOR TWO PACS TO SUPPORT THOSE ELECTED OFFICIALSTHAT VISIBLY SUPPORT CREDIT UNIONS AND OUR ISSUES. GRASSROOTS ACTIVISMIS COORDINATED AS NEEDED.
COMMUNICATIONS & STRATEGIC RESOURCES - OHIO CREDIT UNIONS RECEIVE THEINFORMATION AND TOOLS THEY NEED TO ENGAGE IMPORTANT AUDIENCES SUCH ASLEGISLATORS, MEDIA, MEMBERS AND THEIR COMMUNITIES FROM OCUL. THERE ARESEVERAL VEHICLES FOR THIS INFORMATION, ALL DEDICATED TO THE ADVANCEMENTOF THE OHIO CREDIT UNION MOVEMENT. INCLUDED ARE MEMBER COMMUNICATIONS,MEDIA RELATIONS, AND STRATEGIC RESOURCES SUCH AS CUANALYZER, CUQUARTERLY PERFORMANCE REPORTS, FINDACREDITUNION.COM, AND CURRENTCONSUMER DATA.
COMPLIANCE SUPPORT - OHIO MEMBER CREDIT UNIONS RECEIVE ACCESS TO TOOLSAND OTHER RESOURCES REQUIRED TO ENSURE COMPLIANCE WITH APPLICABLE LAWSAND RULES. VEHICLES USED TO PROVIDE THE SUPPORT INCLUDE STAFF EXPERTS,OUR WEB-BASED MANUAL, INFOSIGHT, WEEKLY E-NEWSLETTERS, PERIODIC NEWSRELEASES, WEBINARS, SEMINARS, DISTANCE LEARNING TOOLS, AND FULL ACCESSTO THE MATERIALS PROVIDED BY OUR NATIONAL AFFILIATE, CUNA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Burke Chair | OfficerTrustee | 0.5 | $0 |
Miranda Mcconoughey Vice Chair | OfficerTrustee | 0.5 | $0 |
Jessica Jones Sec/treasurer | OfficerTrustee | 0.5 | $0 |
Jacqueline Moore Director | Trustee | 0.5 | $0 |
Scott Hicks Director | Trustee | 0.5 | $0 |
Barry Shaner Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Viclarity Compliance Support Services To Membershi | 12/30/23 | $200,724 |
Plexcity Back Office Services Including It, Hr | 12/30/23 | $188,018 |
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 | $3,713,612 |
| Investment income | $86,365 |
| 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 | $4,494,883 |
| 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. | $1,677,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,731 |
| Pension plan accruals and contributions | $123,425 |
| Other employee benefits | $284,700 |
| Payroll taxes | $102,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $536 |
| Fees for services: Accounting | $51,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $475,747 |
| Advertising and promotion | $322,382 |
| Office expenses | $16,213 |
| Information technology | $72,753 |
| Royalties | $0 |
| Occupancy | $152,360 |
| Travel | $43,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $432,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,484 |
| Insurance | $42,113 |
| All other expenses | $7,004 |
| Total functional expenses | $3,982,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,434,096 |
| Savings and temporary cash investments | $992,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $211,874 |
| Net Land, buildings, and equipment | $63,605 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,298,632 |
| Investments—program-related | $0 |
| Intangible assets | $747,022 |
| Other assets | $125,768 |
| Total assets | $5,268,468 |
| Accounts payable and accrued expenses | $587,223 |
| Grants payable | $0 |
| Deferred revenue | $775,931 |
| 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 | $860,208 |
| Total liabilities | $2,223,362 |
| Net assets without donor restrictions | $3,045,106 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,268,468 |
Grants Awarded
Over the last fiscal year, Ohio Credit Union League has awarded $30,763 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CREDIT UNION HOUSE PURPOSE: FAIR-SHARE PAYMENT ON BEHALF OF OHIO'S CUS | $17,995 |
FILENE RESEARCH INSTITUTE PURPOSE: DONATION TO FUND OPERATIONS | $12,768 |