Nonprofits196 Middletown Area Schools Credit Union

196 Middletown Area Schools Credit Union

MIDDLETOWN, OH

Total revenue

$661K

Total expenses

$471K

Net assets

$1.5M

Grants received

EIN

310622053

Tax year

2024

Mission

The mission of the member-owned Middletown Area Schools Credit Union is to provide quality financial services to its members while maintaining fiscal responsibility.

Programs

2 programs

Loan products offered by the credit union includes new and used vehicle loans, recreational vehicle loans and share secured loans, unsecured loans and credit cards, The credit union granted 216 loans in 2024 totaling $2,559,319 at competitive rates. Loans increased 6.56% in 2024.

The credit union paid dividends on the 653 share accounts and share certificate accounts held by the credit union's 1,016 members. Shares increased 2.36% in 2024.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$469K
Investment income$192K
Other revenue
Total revenue$661K

Expenses

Grants paid
Salaries & benefits$169K
Fundraising
Other expenses$302K
Total expenses$471K
Total assets$10.2M
Net assets$1.5M

People

7 listed

NameRoleCompensation

Cecil R Barger

Director

Board

0.5 hrs/wk

Shirley Chaputa

Director

Board

0.5 hrs/wk

Linda Jester

Director

Board

0.5 hrs/wk

Terry Snelling

Director

Board

0.5 hrs/wk

Mary A Gast

Director-Secretary/Treasurer

Board

0.75 hrs/wk

James J Stiver

Director/Vice Chairperson

Board

0.5 hrs/wk

Martha Morgan

Director/Chairperson

Board

0.5 hrs/wk

Details

EIN310622053
Subsection14
Ruling date1969-04
Formed1937
Employees5
Volunteers7
196 MIDDLETOWN AREA SCHOOLS CREDIT UNION — Mission, Financials & Grants Received | Grantivo