42 Kemba Credit Union Inc is located in West Chester, 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 12/2021, 42 Kemba Credit Union Inc employed 330 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 42 Kemba 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, 42 Kemba Credit Union Inc generated $59.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $42.6m during the year ending 12/2021. While expenses have increased by 7.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Sutton President | Officer | 40 | $643,290 |
Duane Stacklin Chief Lending Officer | Officer | 40 | $262,105 |
Daniel Schroer CFO | Officer | 40 | $247,530 |
Dennis Wander Indirect Lending Manager | 40 | $233,682 | |
Dave Gschwind VP Mortgage Services | Officer | 40 | $232,592 |
Ryon Brubaker SVP Of It | Officer | 40 | $202,242 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Beth Yeary Real Estate Agent | 12/30/21 | $453,149 |
Sean Donovan Real Estate Agent | 12/30/21 | $200,660 |
Tina Mattix Real Estate Agent | 12/30/21 | $101,925 |
Sarah Duer Real Estate Agent | 12/30/21 | $106,515 |
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 | $58,233,034 |
Investment income | $1,442,695 |
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 | $59,675,729 |
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. | $4,461,357 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,385,351 |
Pension plan accruals and contributions | $379,466 |
Other employee benefits | $3,373,825 |
Payroll taxes | $1,005,109 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $132,371 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $296,256 |
Advertising and promotion | $793,407 |
Office expenses | $9,817,840 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,245,378 |
Travel | $153,241 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $8,434,224 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $883,761 |
Insurance | $214,803 |
All other expenses | $0 |
Total functional expenses | $42,592,595 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,904,620 |
Savings and temporary cash investments | $163,881,150 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,090,988,517 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $55,677,923 |
Investments—publicly traded securities | $0 |
Investments—other securities | $37,078,379 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,306,231 |
Total assets | $1,395,836,820 |
Accounts payable and accrued expenses | $18,793,097 |
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 | $1,228,286,294 |
Total liabilities | $1,247,079,391 |
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 | $148,757,429 |
Total liabilities and net assets/fund balances | $1,395,836,820 |
Over the last fiscal year, we have identified 1 grants that 42 Kemba Credit Union Inc has recieved totaling $700,000.
Awarding Organization | Amount |
---|---|
Jobsohio Columbus, OH PURPOSE: ECONOMIC DEVELOPMENT | $700,000 |