Nonprofits164 Firstenergy Family Credit Union

164 Firstenergy Family Credit Union

AKRON, OH

Total revenue

$2.1M

Total expenses

$1.7M

Net assets

$6.7M

Grants received

EIN

340058415

Tax year

2024

Mission

To provide lending, savings and other financial services to it's qualifying members at terms usually better than available in the marketplace. With a heavy emphasis on member service that reconizes that the members are the owners of the credit union and not just customers. Direct labor and employee benefits costs incurred providing savings deposit services, originating new loans and serving the loan portfolio for members.

Programs

2 programs

Direct labor and employee costs incurred providing savings and deposit services, originating new loans and servicing the loan portfolio for members.

0

Data processing costs incurred recording member account activity and providing access to members to their accounts via home banking, phone and in person at the credit union office.

0

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$1.5M
Investment income$592K
Other revenue
Total revenue$2.1M

Expenses

Grants paid
Salaries & benefits$734K
Fundraising
Other expenses$350K
Total expenses$1.7M
Total assets$42.5M
Net assets$6.7M

People

10 listed

NameRoleCompensation

Timothy Baker

CEO & Treasurer

Board

$184K

40 hrs/wk

Joseph Storsin

Director

Board

1 hrs/wk

Michael Newkirk

Director

Board

1 hrs/wk

Christie Phillips

Director

Board

1 hrs/wk

William Shonk

President

Board

2 hrs/wk

Erik Gegick

Vice President

Board

1 hrs/wk

Amy Patterson

Director

Board

1 hrs/wk

Lou Ellen Kirkendall

Secretary

Board

2 hrs/wk

Joseph Gier

Director

Board

1 hrs/wk

Kevin J Daum

COO

Staff

$183K

40 hrs/wk

Details

EIN340058415
Subsection14
Ruling date1969-04
Formed1936
Employees6
Volunteers10
164 FIRSTENERGY FAMILY CREDIT UNION — Mission, Financials & Grants Received | Grantivo