Service One Credit Union Inc

Organization Overview

Service One Credit Union Inc is located in Bowling Green, KY. The organization was established in 1963. 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 12/2021, Service One Credit Union Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Service One 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, Service One Credit Union Inc generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THIER FINANCIAL DREAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pscu Financial Services
Debit Card And Credit Card
$664,930
Fiserv
Technology
$553,203
Alkami
Digital Banking Cloud
$210,347
View All Vendors

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$6,699,095
Investment income $362,989
Tax Exempt Bond Proceeds $1,985
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,805
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,108,850

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