1291 Cincinnati Employees Credit Union Inc

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

EIN: 310965142 ✦ Harrison, OH ✦ Designated as a 501(c)(14)

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Overview

What is 1291 Cincinnati Employees Credit Union Inc?

1291 Cincinnati Employees Credit Union Inc is a nonprofit financial institution situated in Harrison, Ohio. With a mission to serve the employees, retirees, and family members of Cincinnati Incorporated, a machine tool manufacturer based in the same city, the credit union offers savings and loan services to its qualified members. The organization pays dividends to approximately 1700 account holders and has a modest workforce of six individuals. Its primary location is at 1003 Harrison Ave Suite 200, Harrison, OH 45030.


Official website here: www.cintiecu.org

Is 1291 Cincinnati Employees Credit Union Inc legitimate?

1291 Cincinnati Employees Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 1291 Cincinnati Employees 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: $1,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cintiecu.org

What is the mission statement of 1291 Cincinnati Employees Credit Union Inc?

The 1291 Cincinnati Employees Credit Union Inc's mission is centered around offering financial services. This credit union primarily serves the employees, retirees, and family members of Cincinnati Incorporated, a machine tool manufacturer based in Harrison, Ohio. Their mission statement, in simpler terms, is to provide quality financial services, including savings and loan services, to those who meet their eligibility criteria. The credit union aims to pay dividends to its members, as evident from the approximately 1700 accounts that receive such payments.


Official website here: www.cintiecu.org

Who is the CEO of 1291 Cincinnati Employees Credit Union Inc?

Christan Eldridge is the Treasurer of 1291 Cincinnati Employees Credit Union Inc.


Official website here: www.cintiecu.org

What is the revenue of 1291 Cincinnati Employees Credit Union Inc?

1291 Cincinnati Employees Credit Union Inc's revenue in 2022 was $865,874.


Official website here: www.cintiecu.org

Who are the executives of 1291 Cincinnati Employees Credit Union Inc and what are their salaries?

The average compensation at 1291 Cincinnati Employees Credit Union Inc during 2022 was $276. There are 6 employees and 15 volunteers at 1291 Cincinnati Employees Credit Union Inc.


Here are 7 key members and their salaries:


Raymond A Burke (Treasurer)
  • Compensation: $1,658
  • Related: $0
  • Other: $0
Dustin Bauer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Brackett (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Litzler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Distler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Lane (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Conrad (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cintiecu.org

Where can I find the form 990 for 1291 Cincinnati Employees Credit Union Inc?

1291 Cincinnati Employees Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cintiecu.org

Learn more at the official website: www.cintiecu.org

Mission Statement of 1291 Cincinnati Employees Credit Union Inc

1291 Cincinnati Employees Credit Union Inc is dedicated to serving the financial needs of a specific group. Their mission is to extend quality financial services, encompassing savings and loan facilities, to individuals who meet the eligibility criteria for their membership base. This membership base is primarily composed of employees, retirees, and family members associated with Cincinnati Incorporated, a renowned machine tool manufacturer situated in Harrison, Ohio. The credit union's operations are centered around providing dividends to its members, as evident in the distribution of dividends to around 1700 accounts.

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Impact




October, 2024

1291 Cincinnati Employees Credit Union Inc plays a significant role in supporting the financial well-being of employees, retirees, and their families connected to Cincinnati Incorporated, a machine tool manufacturer in Harrison, Ohio. The credit union offers essential financial services, including savings and loans, tailored specifically for its members, fostering a sense of community and shared purpose.

With around 1,700 accounts, the credit union contributes to the local economy by paying dividends to its members, promoting savings and financial stability. By prioritizing the financial needs of its members, 1291 Cincinnati Employees Credit Union Inc enhances access to affordable financial services, which can lead to improved financial literacy and empowerment within the community. Ultimately, its commitment to providing quality services directly benefits its members and strengthens economic resilience in the Harrison area.




This information is meant to be a general summary of 1291 Cincinnati Employees 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
$865,874 (2022)
Expenses
$821,663 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $219,443
  • Program Service Revenue: $646,431
  • Gross Receipts: $865,874

Assets and Liabilities:

  • Total Assets: $33,679,495
  • Total Liabilities: $30,141,037
  • Net Assets: $3,538,458

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Programs

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

INTEREST ON LOANS

Revenue

$560,301

OTHER INCOME

Revenue

$86,130

Organization Details

Founding Year

1979

Principal Officer

Christan Eldridge

Main Address

1003 HARRISON AVE SUITE 200, HARRISON, OH, 45030

NTEE Category

Code: W60 - Public benefit

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