Overview
What is The Ohio Educational Credit Union Inc?
The Ohio Educational Credit Union Inc is a full-service financial institution situated in Seven Hills, Ohio. With a mission to recognize and cater to the distinct needs of its members, the credit union offers a diverse array of financial products and services. These include consumer loans such as vehicle, signature, credit card, and private student loans, as well as indirect vehicle leases. Additionally, real estate loans are available for members, encompassing first mortgage and home equity lines of credit. The Ohio Educational Credit Union Inc aims to build its members' financial future through superior financial services, education, and exceptional value, employing a team of 51 dedicated individuals.
Official website here: www.ohecu.com
What do the Facebook reviews say about The Ohio Educational Credit Union Inc?
88% of reviewers recommend The Ohio Educational Credit Union Inc. Here is a summary of their reviews:
Several users express frustration with the organization’s outdated systems, particularly regarding the lack of online bill pay options. One reviewer highlighted the inconvenience of having to resort to old-fashioned methods, such as purchasing checks and stamps, indicating a need for modernization to better meet user expectations. This sentiment showcases a significant area for improvement.
Despite the concerns raised, a majority of those who have reviewed the credit union still feel positively enough to recommend it. Overall, while there is a sense of dissatisfaction regarding technological advancements, many users still value the services provided.
This AI summary has been generated from reviews found on Facebook.
Is The Ohio Educational Credit Union Inc legitimate?
The Ohio Educational Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. The Ohio Educational 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: $401,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,722,919
For more financial information, click here
Official website here: www.ohecu.com
What is the mission statement of The Ohio Educational Credit Union Inc?
The Ohio Educational Credit Union Inc's mission is centered around recognizing and catering to the unique financial needs of its members. They achieve this through a diverse array of financial products and services. The credit union's mission statement, in simpler terms, is to construct a financially secure future for its members, providing them with top-notch financial services, education, and value. They offer various loan products such as vehicle, signature, credit card, private student loans, and indirect vehicle leases, in addition to real estate loans, including first mortgages and home equity lines of credit.
Official website here: www.ohecu.com
Who is the CEO of The Ohio Educational Credit Union Inc?
Jerome Valco is the Principal Officer of The Ohio Educational Credit Union Inc. The CEO's salary of The Ohio Educational Credit Union Inc is $134,791 and their total compensation is $169,265.
Official website here: www.ohecu.com
What is the revenue of The Ohio Educational Credit Union Inc?
The Ohio Educational Credit Union Inc's revenue in 2022 was $7,227,495.
Official website here: www.ohecu.com
Who are the executives of The Ohio Educational Credit Union Inc and what are their salaries?
The average compensation at The Ohio Educational Credit Union Inc during 2022 was $41,655. There are 51 employees and 8 volunteers at The Ohio Educational Credit Union Inc.
Here are 11 key members and their salaries (The Ohio Educational Credit Union Inc's CEO's salary is $134,791 and their total compensation is $169,265):
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- Compensation: $134,791
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- Other: $34,474
- Compensation: $94,108
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- Other: $14,486
- Compensation: $118,909
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- Other: $4,698
Official website here: www.ohecu.com
Where can I find the form 990 for The Ohio Educational Credit Union Inc?
The Ohio Educational Credit Union Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohecu.com
Learn more at the official website: www.ohecu.com
Mission Statement of The Ohio Educational Credit Union Inc
The Ohio Educational Credit Union Inc, as a full-service financial institution, recognizes and caters to the unique needs of its individual members. Their mission is to construct and secure their members' financial future by offering a comprehensive range of superior financial services, education, and exceptional value. By doing so, the credit union aims to fulfill the diverse financial requirements of its members, providing them with a variety of products such as vehicle, signature, credit card, and private student loans, as well as indirect vehicle leases. Additionally, The Ohio Educational Credit Union Inc extends real estate loans to its members, including first mortgage and home equity lines of credit. The credit union's mission is centered around understanding and meeting the specific financial needs of each member, ultimately contributing to their financial growth and stability.
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Impact
October, 2024
The Ohio Educational Credit Union Inc significantly impacts its community by providing a comprehensive range of financial services tailored to meet the unique needs of its members. With a focus on consumer loans, the credit union offers vehicle loans, signature loans, credit cards, and private student loans, making it easier for individuals to access the funds they need for various purposes. Additionally, the credit union facilitates indirect vehicle leases and real estate loans, including first mortgages and home equity lines of credit, allowing members to invest in assets that contribute to their financial stability.
By emphasizing education and financial literacy, the credit union empowers its members to make informed decisions about their financial futures. This commitment to exceptional service and value enhances the overall well-being of individuals and families in the Seven Hills area and beyond. Furthermore, the local focus strengthens community ties, fostering a supportive environment where members can thrive financially. Overall, The Ohio Educational Credit Union Inc plays a vital role in promoting financial wellness and economic growth within its community.
This information is meant to be a general summary of The Ohio Educational 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $625,794
- Program Service Revenue: $6,601,701
- Gross Receipts: $7,227,495
Assets and Liabilities:
- Total Assets: $155,162,928
- Total Liabilities: $147,167,669
- Net Assets: $7,995,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$4,104,372
FEE INCOME
Revenue
$2,460,723
FINANCE AND INSURANCE
Revenue
$36,606
Organization Details
Founding Year
1933
Phone
(216) 621-6296Principal Officer
Jerome Valco
Main Address
4141 ROCKSIDE ROAD SUITE 400, SEVEN HILLS, OH, 44131
Website
www.ohecu.comNTEE Category
Code: W60 - Public benefit
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