Canton Police And Fireman's C U Inc
- Assets
- $8.2m
- Revenue
- $410.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Canton, OH
- Founding
- Data as of
- 12/2016
- EIN
- 34-0717072
Organization Overview
Canton Police And Fireman's C U Inc is located in Canton, OH. As of 12/2015, Canton Police And Fireman's C U Inc employed 6 individuals. Canton Police And Fireman's C U 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 12/2016, Canton Police And Fireman's C U Inc generated $410.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $472.1k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 2 years. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
CANTON POLICE AND FIREMAN'S CREDIT UNION IS A MEMBER OWNED, NOT FOR PROFIT, NOT FOR CHARITY, BUT FOR SERVICES, FINANCIAL COOPERATIVE. THE COMPANY IS DEDICATED TO RESPONDING TO OUR MEMBERS' FINANCIAL NEEDS BY PROVIDING A VARIETY OF LOW COST FINANCIAL SERVICES AND TO SERVE, EDUCATE AND ENCOURAGE THRIFT AMONG OUR MEMBERS WHILE SAFEGUARDING THEIR ASSETS AND ENHANCING THEIR QUALITY OF LIFE ONE PERSON AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 2,512 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 1,395 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 ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanette Delong Treasurer | Officer | 1 | $0 |
Paul Battista Vice Preside | Officer | 1 | $0 |
Nancy Roudebush Secretary | Officer | 1 | $0 |
Charles Saler President | Officer | 1 | $0 |
William Welch Director | Trustee | 1 | $0 |
Gerald Zachary Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $50,094 |
| 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 | $410,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,321 |
| Office expenses | $158,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $472,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,581 |
| 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 | $4,225,296 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $171,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,369,799 |
| Total assets | $8,186,988 |
| Accounts payable and accrued expenses | $19,162 |
| 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 | $7,525,167 |
| Total liabilities | $7,544,329 |
| 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 |
| Total liabilities and net assets/fund balances | $642,659 |
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