Myusa Credit Union Inc

Organization Overview

Myusa Credit Union Inc is located in Middletown, 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 12/2023, Myusa Credit Union Inc employed 102 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Myusa 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 12/2023, Myusa Credit Union Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $15.1m during the year ending 12/2023. While expenses have increased by 5.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL SERVICES TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 41,247 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 19,262 MEMBERS.


DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.


DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNTS ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS.


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Board, Officers & Key Employees

Name (title)Compensation
James Miles
CEO
$370,740
Ronald Huist
President &
$281,965
Mark Wintzinger
VP Of Techno
$155,921
Alisa Zink
Evp
$147,330
Kendrick Walker
VP Marketing
$138,473
Jennifer Tucker
VP Of Admini
$123,022

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cu Answers
Data Processing
$881,545
Anthem Blue Cross Blue Shield
Health Ins
$828,162
Four Seasons Environmental
Occupancy
$330,013
Vision Media
Consulting
$251,737
Atm Solutions Inc
Atm
$229,918
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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$14,436,068
Investment income $2,911,812
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 $17,347,880

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