718 Atomic Credit Union Inc
- Assets
- $496.9m
- Revenue
- $31.1m
- Investments
- $4.3m
- Employees
- 262
- Location
- Piketon, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 31-4415974
Organization Overview
718 Atomic Credit Union Inc is located in Piketon, OH. The organization was established in 1969. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, 718 Atomic Credit Union Inc employed 262 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 718 Atomic 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, 718 Atomic Credit Union Inc generated $31.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $26.3m during the year ending 12/2021. While expenses have increased by 8.6% 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
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Griffiths Ceo/president | OfficerTrustee | 40 | $472,807 |
Aaron Michael COO | Officer | 40 | $255,897 |
Jerod Wiley CFO | Officer | 40 | $212,903 |
Curtis Green VP Of It | Officer | 40 | $126,280 |
Nicole Persin VP Of Risk Management | Officer | 40 | $122,807 |
Shannon Weber Compliance Attorney | Officer | 40 | $105,089 |
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 | $30,557,787 |
| Investment income | $513,162 |
| 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 | $31,070,949 |
| 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. | $1,665,222 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,624,047 |
| Pension plan accruals and contributions | $791,915 |
| Other employee benefits | $2,469,122 |
| Payroll taxes | $721,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135,340 |
| Fees for services: Accounting | $131,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,912,650 |
| Advertising and promotion | $613,280 |
| Office expenses | $1,537,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $380,444 |
| Travel | $400,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,965 |
| Interest | $1,510,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,614,437 |
| Insurance | $106,009 |
| All other expenses | $72,023 |
| Total functional expenses | $26,261,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,761,614 |
| Savings and temporary cash investments | $69,195,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,240,907 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $369,224,005 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,725,715 |
| Investments—publicly traded securities | $10,420,925 |
| Investments—other securities | $4,331,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,958,758 |
| Total assets | $496,858,759 |
| Accounts payable and accrued expenses | $4,821,464 |
| 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 | $453,930,660 |
| Total liabilities | $458,752,124 |
| 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 | $38,106,635 |
| Total liabilities and net assets/fund balances | $496,858,759 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 718 Atomic Credit Union Inc has recieved totaling $13,975.
| Awarding Organization | Amount |
|---|---|
Ohio Credit Union Foundation Columbus, OH PURPOSE: FINANCIAL EDUCATION GRANT - THREE YEAR LICENSING AGREEMENT TO DEPLOY BANZAI | $13,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
718 Atomic Credit Union Inc Piketon, OH | $496,858,759 | $31,070,949 |
Ups Pilots Mutual Aid Plan Louisville, KY | $8,595,156 | $5,916,762 |
National Association Of State Chief Information Officers Inc Lexington, KY | $4,197,004 | $5,321,731 |
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Columbus Next Generation Corporation Columbus, OH | $5,604,972 | $4,073,729 |
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Moonstone Inc Philadelphia, PA | $964,589 | $1,798,698 |
Greater Cincinnati Golf Association Cincinnati, OH | $788,906 | $1,115,677 |
Union Club Two Inc Springfield, OH | $20,243 | $670,806 |
Catholic Community Connection Cleveland, OH | $751,287 | $668,373 |
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