Point Breeze Credit Union
- Assets
- $947.2m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 150
- Location
- Hunt Valley, MD
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 52-0447180
Organization Overview
Point Breeze Credit Union is located in Hunt Valley, MD. The organization was established in 1998. 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, Point Breeze Credit Union employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Breeze 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 12/2022, Point Breeze Credit Union generated $30.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $28.0m during the year ending 12/2022. While expenses have increased by 5.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATE CHARTERED CREDIT UNION
Describe the Organization's Program Activity:
Part 3 - Line 4a
POINT BREEZE CREDIT UNION PROVIDES LENDING AND DEPOSIT SERVICES TO ITS APPROXIMATELY 62,354 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Gundlach Chairman | Trustee | 1.06 | $10,200 |
Jean Lewis Director | Trustee | 0.21 | $2,250 |
Howard W Uhl Director | Trustee | 0 | $840 |
William R Helmey Director | Trustee | 0.62 | $8,250 |
Donald D Beynon Jr Director | Trustee | 0.23 | $3,300 |
William Cockey Supervisory Committee | Trustee | 0.1 | $2,280 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Data Processing | 12/30/22 | $1,443,145 |
The Long Group Business Development | 12/30/22 | $1,080,802 |
Ncr Corp Software Provider | 12/30/22 | $855,025 |
System Source It | 12/30/22 | $539,072 |
Plano-coudon Construction Construction And Facilities | 12/30/22 | $642,412 |
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 | $26,756,991 |
| Investment income | $3,348,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,117,065 |
| 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. | $2,666,351 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,882,287 |
| Pension plan accruals and contributions | $596,206 |
| Other employee benefits | $1,648,303 |
| Payroll taxes | $659,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,226 |
| Fees for services: Accounting | $79,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $763,053 |
| Advertising and promotion | $1,376,374 |
| Office expenses | $2,273,599 |
| Information technology | $1,413,896 |
| Royalties | $0 |
| Occupancy | $2,156,683 |
| Travel | $13,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,574 |
| Interest | $1,621,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,425,008 |
| Insurance | $189,504 |
| All other expenses | $0 |
| Total functional expenses | $27,963,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,499,267 |
| Savings and temporary cash investments | $30,112,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $7,667,707 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $570,708,229 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $25,489,271 |
| Investments—publicly traded securities | $244,632,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,049,073 |
| Total assets | $947,157,705 |
| Accounts payable and accrued expenses | $16,648,003 |
| 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 | $0 |
| Total liabilities | $16,648,003 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $821,215,162 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $109,294,540 |
| Total liabilities and net assets/fund balances | $947,157,705 |