Edison Financial Credit Union Inc

Organization Overview

Edison Financial Credit Union Inc is located in Youngstown, OH. As of 12/2015, Edison Financial Credit Union Inc employed 11 individuals. Edison Financial 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2015

Describe the Organization's Mission:

Part 3 - Line 1

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. THE EDISON FINANCIAL CREDIT UNION INC IS OWNED BY ITS MEMBERSHIP. IT EXISTS TO PROVIDE, IN A FRIENDLY ATMOSPHERE, HIGH QUALITY FAMILY FINANCIAL SERVICES AT FAVORABLE TERMS TO THE MEMBERS WHILE MAINTAINING THE LONG TERM FINANCIAL STABILITY OF THE CREDIT UNION WITH THE HIGHEST POSSIBLE LEVELS OF QUALITY AND EFFICIENCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIVIDENDS PAID TO MEMBERS ON THEIR DEPOSIT ACCOUNTS.


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 ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS ACCOUNTS VIA HOME BANKING, VISA, ATM NETWORKS, AND IN PERSON AT CREDIT UNION.


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Board, Officers & Key Employees

Name (title)Compensation
Randall Floyd
Vice-Chairpe
$0
Charles Trimbath
Board Member
$0
Mike Taninecz
Board Member
$0
Ken Greco
Board Member
$0
David Beckhorn
CEO
$109,500
Michelle Quimby
Secretary-Tr
$3,600

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$1,600,740
Investment income $118,290
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 $1,719,030

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