835 Deca Credit Union Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310601950 ✦ Cincinnati, OH ✦ Designated as a 501(c)(14)

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Overview

What is 835 Deca Credit Union Inc?

835 Deca Credit Union Inc, located in Cincinnati, Ohio, is a nonprofit organization dedicated to serving its approximately 1554 members. The credit union offers a range of financial services, including regular share accounts, vacation clubs, and Individual Retirement Accounts (IRAs). With a total of 2889 accounts, its primary mission is to provide quality financial services to its members. The credit union's activities are centered around this mission, aiming to cater to its members' financial needs. The team at 835 Deca Credit Union Inc consists of just two employees, ensuring a personalized approach to financial services.

Is 835 Deca Credit Union Inc legitimate?

835 Deca Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 835 Deca Credit Union Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $84,720
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of 835 Deca Credit Union Inc?

835 Deca Credit Union Inc's mission is centered around providing financial services. Their primary goal is to cater to the needs of their member-owners, offering them various account options such as regular share accounts, vacation club accounts, and Individual Retirement Accounts (IRAs). The credit union is dedicated to delivering quality financial services to its members, as indicated by their mission description. With a membership count of 1554, the credit union demonstrates its commitment to serving its community, maintaining a total of 2889 accounts.

Who is the CEO of 835 Deca Credit Union Inc?

Brandon Guthier is the Chairman of 835 Deca Credit Union Inc.

What is the revenue of 835 Deca Credit Union Inc?

835 Deca Credit Union Inc's revenue in 2022 was $140,406.

Who are the executives of 835 Deca Credit Union Inc and what are their salaries?

The average compensation at 835 Deca Credit Union Inc during 2022 was $42,360. There are 2 employees and 6 volunteers at 835 Deca Credit Union Inc.


Here are 5 key members and their salaries:


Brandon Guthier (Chairman)
  • Compensation: $0
  • Related: $68,388
  • Other: $0
Brandon Luken (Dirrector/Employee)
  • Compensation: $57,160
  • Related: $0
  • Other: $6,500
Greg Warren (Vice Chairman)
  • Compensation: $0
  • Related: $58,053
  • Other: $0
Patricia Luken (Manager Secretary)
  • Compensation: $27,560
  • Related: $0
  • Other: $6,680
Larry Oldiges (Director Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $180
Where can I find the form 990 for 835 Deca Credit Union Inc?

835 Deca Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 835 Deca Credit Union Inc

835 Deca Credit Union Inc, with a mission to serve its members, is committed to providing high-quality financial services. Its primary objective is to cater to its member-owners, who share a common bond, offering them a variety of accounts such as regular share accounts, vacation club accounts, and Individual Retirement Accounts (IRAs). The credit union manages a total of 2889 accounts, benefiting 1554 members directly. The institution's mission reflects its dedication to ensuring financial well-being for its members, providing them with the necessary tools to manage their finances effectively.

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Impact




October, 2024

835 Deca Credit Union Inc positively impacts its community by offering a range of financial services to its members, who share a common bond. With 1,554 members, it provides essential banking products such as regular share accounts, vacation club accounts, and IRA accounts. This accessibility to diverse financial tools supports members in achieving their savings goals and planning for their futures.

The organization's focus on quality financial services fosters financial stability and empowerment among its members, contributing to a more financially literate community. By operating from Cincinnati, OH, 835 Deca Credit Union Inc plays a crucial role in the local economy, promoting member engagement and strengthening ties within the community. Its commitment to serving the needs of its members ultimately enhances their economic well-being and creates a supportive environment for financial growth.




This information is meant to be a general summary of 835 Deca Credit Union Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$140,406 (2022)
Expenses
$159,942 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,580
  • Program Service Revenue: $129,826
  • Gross Receipts: $140,406

Assets and Liabilities:

  • Total Assets: $7,256,791
  • Total Liabilities: $6,134,767
  • Net Assets: $1,122,024

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan Interest

Revenue

$124,740

fees and other income

Revenue

$5,086

Organization Details

Founding Year

1958

Principal Officer

Brandon Guthier

Main Address

3118 Colerain Av, Cincinnati, OH, 45225

NTEE Category

Code: W60 - Public benefit

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