Bse Credit Union

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

EIN: 340826014 ✦ Middleburg heights, OH ✦ Designated as a 501(c)(14)

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Overview

What is Bse Credit Union?

Bse Credit Union is a member-focused financial institution based in Middleburg Heights, Ohio, with a postal address at 19249 Bagley Road, ZIP code 44130. As a credit union, it offers various deposit account options such as savings, checking, certificates, and more to its members. The total number of members as of 2022 is 2,526. The main objective of Bse Credit Union is to deliver exceptional service and competitive rates to its members while ensuring the financial institution's stability. With a staff of five individuals, the credit union aims to meet its members' financial needs effectively.


Official website here: www.bsecu.org

Is Bse Credit Union legitimate?

Bse Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Bse Credit Union 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: $177,619
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,702

For more financial information, click here


Official website here: www.bsecu.org

What is the mission statement of Bse Credit Union?

The BSE Credit Union is committed to delivering exceptional service and offering the most favorable interest rates to its members, all while ensuring the financial institution's stability. Its mission encompasses providing various deposit account options, such as savings and checking accounts, as well as certificates. As of 2022, the Credit Union caters to a membership base of 2,526 individuals.


Official website here: www.bsecu.org

Who is the CEO of Bse Credit Union?

Tim Gerding is the President of Bse Credit Union. The CEO's salary of Bse Credit Union is $75,664 and their total compensation is $76,682.


Official website here: www.bsecu.org

What is the revenue of Bse Credit Union?

Bse Credit Union's revenue in 2022 was $620,736.


Official website here: www.bsecu.org

Who are the executives of Bse Credit Union and what are their salaries?

The average compensation at Bse Credit Union during 2022 was $52,664. There are 5 employees and 10 volunteers at Bse Credit Union.


Here are 9 key members and their salaries (Bse Credit Union's CEO's salary is $75,664 and their total compensation is $76,682):


Drema Braun (Former Ceo)
  • Compensation: $96,731
  • Related: $0
  • Other: $4,206
Diana L Larsen (Ceo/Treasurer)
  • Compensation: $75,664
  • Related: $0
  • Other: $1,018
John Dossa Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Domonkos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Gerding (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vickie A Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Winget (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Blatnica (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana L Larsen (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bsecu.org

Where can I find the form 990 for Bse Credit Union?

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


Official website here: www.bsecu.org

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

Mission Statement of Bse Credit Union

Bse Credit Union, as a financial institution, is committed to delivering exceptional service and offering the most favorable interest rates to its members. Their mission is twofold: to ensure the long-term financial stability of the organization and to provide the best possible benefits to its members. The Credit Union achieves this by offering various deposit accounts, including savings, checking, certificates, and other types. As of 2022, the Credit Union boasts a membership base of 2,526 individuals.

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Impact




October, 2024

Bse Credit Union significantly impacts its community by offering a variety of financial services designed to enhance the financial well-being of its members. With a mission focused on providing superior service and competitive rates, it has established a strong presence in Middleburg Heights, Ohio.

As of 2022, Bse Credit Union served 2,526 members, delivering services such as savings accounts, checking accounts, and certificates. This diverse range of deposit accounts not only meets the varied needs of its members but also promotes financial literacy and stability within the community. The credit union’s commitment to maintaining a sound financial institution ensures that members can trust in the security of their deposits and the reliability of the services provided.

By focusing on member satisfaction and community support, Bse Credit Union fosters a culture of empowerment, enabling individuals to achieve their financial goals while contributing to the overall economic health of the region.




This information is meant to be a general summary of Bse Credit Union. 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
$620,736 (2022)
Expenses
$668,748 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $149,903
  • Program Service Revenue: $470,833
  • Gross Receipts: $620,736

Assets and Liabilities:

  • Total Assets: $19,850,943
  • Total Liabilities: $18,301,693
  • Net Assets: $1,549,250

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Programs

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

Fees & Charges

Revenue

$75,407

Insurance Royalties

Revenue

$6,551

Interchange Revenue

Revenue

$67,365

Interest on Loans

Revenue

$310,097

Misc Operating Income

Revenue

$5,756

Organization Details

Founding Year

1955

Principal Officer

Tim Gerding

Main Address

19249 Bagley Road, Middleburg Heights, OH, 44130

NTEE Category

Code: W60 - Public benefit

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