1389 Superior Credit Union Inc
- Assets
- $1.5b
- Revenue
- $59.8m
- Investments
- $12.3m
- Employees
- 325
- Location
- Lima, OH
- Founding
- 04/1969
- Data as of
- 12/2021
- EIN
- 34-4455780
Organization Overview
1389 Superior Credit Union Inc is located in Lima, OH. The organization was established in 1969. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 1389 Superior Credit Union Inc employed 325 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 1389 Superior 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, 1389 Superior Credit Union Inc generated $59.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $39.6m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 6 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 CREDIT TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Buell President - CEO | Officer | 40 | $698,802 |
Katherine Mathews Mortgage Originator | 40 | $420,854 | |
Michelle Snyder Former VP Mortgage Lending | 40 | $309,131 | |
Timothy Stanford VP Real Estate Lending | Officer | 40 | $286,269 |
Tracy Strous VP Investment Services | Officer | 40 | $269,969 |
Keith Eiden Evp Sales & Lending | Officer | 40 | $258,248 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R E Becker Builders Inc Construction | 12/30/21 | $1,799,307 |
Aaa Hotel Management Inc Construction | 12/30/21 | $1,765,000 |
Wh Midwest Llc Dba Wayne Homes Construction | 12/30/21 | $1,540,894 |
Dutch Builders Llc Construction | 12/30/21 | $1,297,200 |
Inman Construction Inc Construction | 12/30/21 | $937,971 |
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 | $53,729,338 |
| Investment income | $6,114,646 |
| 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 | $59,843,984 |
| 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. | $5,220,668 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,132,053 |
| Pension plan accruals and contributions | $1,001,069 |
| Other employee benefits | $0 |
| Payroll taxes | $1,074,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $586,477 |
| Advertising and promotion | $1,549,158 |
| Office expenses | $3,065,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,127,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,314,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,141,797 |
| Insurance | $0 |
| All other expenses | $115,159 |
| Total functional expenses | $39,645,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,661,831 |
| Savings and temporary cash investments | $142,060,430 |
| 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 | $884,017,882 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,096,031 |
| Net Land, buildings, and equipment | $18,587,871 |
| Investments—publicly traded securities | $389,273,044 |
| Investments—other securities | $12,314,135 |
| Investments—program-related | $0 |
| Intangible assets | $1,196,977 |
| Other assets | $13,149,063 |
| Total assets | $1,486,357,264 |
| Accounts payable and accrued expenses | $9,528,349 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,976,220 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,251,049,204 |
| Total liabilities | $1,298,553,773 |
| 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 | $187,803,491 |
| Total liabilities and net assets/fund balances | $1,486,357,264 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 1389 Superior Credit Union Inc has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Superior Foundation Inc Lima, OH PURPOSE: FIRST TIME HOME BUYERS | $145,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1389 Superior Credit Union Inc Lima, OH | $1,486,357,264 | $59,843,984 |
Whyy Inc Philadelphia, PA | $67,419,873 | $48,783,739 |
The Fred Rogers Company Pittsburgh, PA | $88,094,321 | $34,546,873 |
Witf Inc Harrisburg, PA | $54,156,408 | $17,466,259 |
Wqed Multimedia Pittsburgh, PA | $26,860,609 | $15,875,013 |
Movement Alliance Project Philadelphia, PA | $7,765,411 | $9,112,322 |
Public Broadcasting Foundation Of Northwest Ohio Toledo, OH | $15,996,802 | $5,353,676 |
Odva Inc Ann Arbor, MI | $9,332,381 | $4,655,782 |
Jack Van Impe Ministries Rochester Hills, MI | $11,882,515 | $4,233,402 |
Public Broadcasting Of Northwest Pennsylvania Inc Erie, PA | $6,521,948 | $5,078,720 |
Indiana Public Broadcasting Stations Inc Indianapolis, IN | $3,521,484 | $3,421,083 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |