27 Buckeye State Credit Union Inc

Organization Overview

27 Buckeye State Credit Union Inc is located in Akron, 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 12/2022, 27 Buckeye State Credit Union Inc employed 106 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 27 Buckeye State 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 12/2022, 27 Buckeye State Credit Union Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $9.4m during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENCOURAGE SAVINGS AND MAKE LOANS AT COMPETITIVELY LOW INTEREST RATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS.


DEPOSITORY ACCOUNTS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF DEPOSITORY ACCOUNTS. THE CREDIT UNION ALSO PROVIDES ITS MEMBERS WITH THE ALLOWANCE OF A DEBIT CARD AND LOGGED THOUSANDS OF TRANSACTIONS DURING THE YEAR. MEMBER SERVICES, INCLUDING INTERNET BANKING AND BILL PAY PROVIDE MEMBERS WITH THE FASTEST AND SAFEST WAYS OF TRANSACTING BUSINESS. THIS INCLUDES OVERDRAFT PROTECTION TO ASSIST MEMBERS WITH SERVICES TO AVOID UNWANTED FEES.


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Board, Officers & Key Employees

Name (title)Compensation
James Hartman
Director
$0
David Nero
President
$0
John Nelson
Vice President/treasurer
$0
John Weaver
Director
$0
Mike Williams
Director
$0
Michael Abernathy
CEO
$258,732

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medical Mutual
Health Insurance
$385,882
Ramp
Financial Services
$343,310
Share One
Information Systems
$320,111
Fiserv
Financial Services
$314,192
Route 66
Financial Services
$231,130
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,199,074
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$1,199,074
Total Program Service Revenue$8,142,602
Investment income $321,400
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $773,817
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,887,397

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