Aurgroup Financial Credit Union
- Assets
- $202.9m
- Revenue
- $8.8m
- Investments
- $48.6m
- Employees
- 56
- Location
- Fairfield, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 31-6040371
Organization Overview
Aurgroup Financial Credit Union is located in Fairfield, 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, Aurgroup Financial Credit Union employed 56 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aurgroup Financial Credit Union 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, Aurgroup Financial Credit Union generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 1.0% 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
TO PROMOTE THRIFT AND TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Boellner Ceo/presiden | OfficerTrustee | 40 | $283,083 |
Brenda Burton-Price Evp/coo | Officer | 40 | $227,847 |
Angela Lambert Cdo | Officer | 40 | $193,989 |
Melissa Brenner CFO | Officer | 40 | $175,074 |
Donna Burnett Treasurer | Trustee | 0.5 | $0 |
Jeff Davis Chairman | Trustee | 0.5 | $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 | $8,434,056 |
| Investment income | $338,382 |
| 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 | $8,772,438 |
| 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 | $300,831 |
| Compensation of current officers, directors, key employees. | $879,992 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,741,213 |
| Pension plan accruals and contributions | $122,371 |
| Other employee benefits | $663,407 |
| Payroll taxes | $220,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263 |
| Fees for services: Accounting | $46,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $941,720 |
| Advertising and promotion | $213,003 |
| Office expenses | $711,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $439,236 |
| Travel | $15,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,230 |
| Insurance | $0 |
| All other expenses | $39,302 |
| Total functional expenses | $8,304,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,469,210 |
| Savings and temporary cash investments | $0 |
| 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 | $136,174,172 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,548,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,647,677 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,011,170 |
| Total assets | $202,850,587 |
| Accounts payable and accrued expenses | $1,074,217 |
| 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 | $188,147,633 |
| Total liabilities | $189,221,850 |
| 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 | $13,628,737 |
| Total liabilities and net assets/fund balances | $202,850,587 |
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