907 Associated School Employees Credit Union Inc

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

EIN: 340928469 ✦ Youngstown, OH ✦ Designated as a 501(c)(14)

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Overview

What is 907 Associated School Employees Credit Union Inc?

907 Associated School Employees Credit Union Inc is a member-owned cooperative credit union, headquartered in Youngstown, Ohio. Established with a mission to serve the financial needs of its members, the credit union offers a range of loan and deposit products and services. As a state-chartered organization, it caters specifically to its member-owners. With a team of 41 dedicated employees, 907 Associated School Employees Credit Union Inc strives to provide personal service and competitive rates, ensuring a financially sound position for its members.


Official website here: www.asecu.com

Is 907 Associated School Employees Credit Union Inc legitimate?

907 Associated School Employees Credit Union Inc is a legitimate nonprofit organization registered as a 501(c)(14) entity. 907 Associated School 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: $318,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,352,245

For more financial information, click here


Official website here: www.asecu.com

What is the mission statement of 907 Associated School Employees Credit Union Inc?

The 907 Associated School Employees Credit Union Inc. is dedicated to serving the financial needs of its member-owners. It provides them with personalized service and competitive rates, all while ensuring a financially sound position for the organization. As a member-owned cooperative credit union, it offers various loan and deposit products and services to its members. The credit union operates with a focus on meeting the financial needs of its members effectively.


Official website here: www.asecu.com

Who is the CEO of 907 Associated School Employees Credit Union Inc?

Michael Kurish is the Chief Executive Officer of 907 Associated School Employees Credit Union Inc. The CEO's salary of 907 Associated School Employees Credit Union Inc is $208,171 and their total compensation is $249,371.


Official website here: www.asecu.com

What is the revenue of 907 Associated School Employees Credit Union Inc?

907 Associated School Employees Credit Union Inc's revenue in 2022 was $5,106,364.


Official website here: www.asecu.com

Who are the executives of 907 Associated School Employees Credit Union Inc and what are their salaries?

The average compensation at 907 Associated School Employees Credit Union Inc during 2022 was $40,760. There are 41 employees and 7 volunteers at 907 Associated School Employees Credit Union Inc.


Here are 9 key members and their salaries (907 Associated School Employees Credit Union Inc's CEO's salary is $208,171 and their total compensation is $249,371):


Michael Kurish (Chief Executive Officer)
  • Compensation: $208,171
  • Related: $0
  • Other: $41,200
Robyn Darocha (Chief Operating Officer)
  • Compensation: $110,741
  • Related: $0
  • Other: $23,800
Kathy Holman (Chairperson Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Fry (Vice Chairperson Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
John O'Connor (Treasurer Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Lazzeri (Secretary Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Charles Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Rosky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred Owens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.asecu.com

Where can I find the form 990 for 907 Associated School Employees Credit Union Inc?

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


Official website here: www.asecu.com

Learn more at the official website: www.asecu.com

Mission Statement of 907 Associated School Employees Credit Union Inc

907 Associated School Employees Credit Union Inc, as a financial institution cooperative, is dedicated to serving the financial needs of its member-owners. The credit union's mission is to provide personalized service and competitive rates, all while maintaining a financially sound position. The organization operates as a member-owned cooperative, offering a variety of loan and deposit products and services to its members. The Associated School Employees Credit Union, Inc. aims to meet the financial needs of its members with a commitment to quality and affordability.

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Impact




October, 2024

907 Associated School Employees Credit Union Inc has a significant impact on its community by providing tailored financial services and products to its member owners. Operating as a cooperative, it prioritizes the financial needs of individuals associated with educational institutions, offering personal service and competitive rates that enhance financial stability for its members.

By focusing on member-centric services, the credit union fosters a sense of community and collective support among its members, which includes educators and school personnel. This supportive environment not only helps individuals manage their finances more effectively but also contributes to the overall economic health of Youngstown, Ohio, by promoting financial literacy and facilitating access to loans and savings products.

The organization's commitment to maintaining a sound financial position ensures that it can continue to serve its members reliably and sustainably, reinforcing its role as a vital resource for the educational community. In this way, the 907 Associated School Employees Credit Union Inc plays a crucial role in empowering its members, enhancing their personal financial well-being, and ultimately contributing to the educational ecosystem in the region.




This information is meant to be a general summary of 907 Associated School 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
$5,106,364 (2022)
Expenses
$4,608,104 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $365,342
  • Program Service Revenue: $4,741,022
  • Gross Receipts: $5,106,364

Assets and Liabilities:

  • Total Assets: $184,135,945
  • Total Liabilities: $167,362,815
  • Net Assets: $16,773,130

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Programs

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

Interest on loans to members

Revenue

$3,452,276

Fees to members

Revenue

$1,277,836

ATM surcharges to nonmembers

Revenue

$10,910

Organization Details

Founding Year

1959

Principal Officer

Michael Kurish

Main Address

1690 South Canfield Niles, Youngstown, OH, 44515

NTEE Category

Code: W60 - Public benefit

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