718 Atomic Credit Union Inc
- Assets
- $550.7m
- Revenue
- $35.6m
- Investments
- $3.6m
- Employees
- 278
- Location
- Piketon, OH
- Founding
- 04/1969
- Data as of
- 12/2022
- 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 12/2022, 718 Atomic Credit Union Inc employed 278 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 12/2022, 718 Atomic Credit Union Inc generated $35.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $28.7m during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Litten Chair | OfficerTrustee | 1 | $0 |
Billy Spencer Vice Chair | OfficerTrustee | 1 | $0 |
Vern Blaine Secretary | OfficerTrustee | 1 | $6,306 |
Tammy Jones Board Member | Trustee | 1 | $0 |
John Boyer Board Member | Trustee | 1 | $0 |
Gerald Komlos Board Member | Trustee | 1 | $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 | $34,253,140 |
| Investment income | $1,217,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $171,018 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,641,688 |
| 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. | $1,776,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,838,723 |
| Pension plan accruals and contributions | $891,521 |
| Other employee benefits | $2,300,201 |
| Payroll taxes | $816,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,990 |
| Fees for services: Accounting | $126,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,707,876 |
| Advertising and promotion | $692,390 |
| Office expenses | $1,720,989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $418,683 |
| Travel | $231,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,150 |
| Interest | $1,505,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,812,317 |
| Insurance | $104,368 |
| All other expenses | $76,960 |
| Total functional expenses | $28,746,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,781,140 |
| Savings and temporary cash investments | $33,644,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $2,375,592 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $448,132,169 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,186,509 |
| Investments—publicly traded securities | $15,837,133 |
| Investments—other securities | $3,582,701 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,204,616 |
| Total assets | $550,744,794 |
| Accounts payable and accrued expenses | $4,278,629 |
| 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 | $501,464,737 |
| Total liabilities | $505,743,366 |
| 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 | $45,001,428 |
| Total liabilities and net assets/fund balances | $550,744,794 |