Scott Associates Credit Union Inc

Address
14111 Scottslawn Road
Marysville, OH 43041
Contact
Website: http://mysacu.com
Phone: +1 (937) 644-7385
Nonprofit
NTEE: W61 - Credit Unions
EIN: 31-0736256

Mission

The Scott Associates Credit Union, Inc. is a member owned, not for profit, financial institution committed to providing personal services and products to meet the individual needs as expressed by our membership.
 20172016201520142013
Basic features of the organization
Year of formation1967
Subsection code14
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$53,625.00$49,875.00$47,500.00$45,757.00$44,145.00
Sum of reportable (W2/1099) compensation$53,625.00$49,875.00$47,500.00$45,757.00$44,145.00
Number of employees55655
Number of people compensated >$100k00000
Number of volunteers1111111111
Number of highly compensated contractors00000
Personnel
Clark, Doug
TitleTreasurer of BoardTreasurer of BoardTreasurer of BoardTreasurer of BoardTreasurer of Board
Name of key/compensated personDoug ClarkDoug ClarkDoug ClarkDoug ClarkDoug Clark
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Cosgray, Laura
Title  DirectorDirectorDirector
Name of key/compensated person  Laura CosgrayLaura CosgrayLaura Cosgray
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  222
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
Davis, Laura
TitleDirectorDirector   
Name of key/compensated personLaura DavisLaura Davis   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org22   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Foster, John
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personJohn FosterJohn FosterJohn FosterJohn FosterJohn Foster
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
King, Tammy
Title  Secretary of BoardSecretary of Board 
Name of key/compensated person  Tammy KingTammy King 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  22 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Average hours per week working for related orgs  00 
Lee, Kathleen
Title    Secretary of Board
Name of key/compensated person    Kathleen Lee
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0
Murphy, Tammy
TitleSecretary of BoardSecretary of Board   
Name of key/compensated personTammy MurphyTammy Murphy   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org22   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Pekunka, Diane
TitleVice Chairperson of BoardVice Chairperson of BoardVice Chairman of BoardVice Chairman of BoardVice Chairman of Board
Name of key/compensated personDiane PekunkaDiane PekunkaDiane PekunkaDiane PekunkaDiane Pekunka
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Poling, Karla
TitleGeneral ManagerGeneral ManagerGeneral ManagerGeneral ManagerGeneral Manager
Name of key/compensated personKarla PolingKarla PolingKarla PolingKarla PolingKarla Poling
Position of compensated person
Average hours per week working for org4040404040
Reportable compensation from org$53,625.00$49,875.00$47,500.00$45,757.00$44,145.00
Other comp, non-reportable, from org and related orgs$3,750.00$2,300.00$2,494.00$2,402.00$2,318.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Wible, Chris
TitleChairman of BoardChairman of BoardChairman of BoardChairman of BoardChairman of Board
Name of key/compensated personChris WibleChris WibleChris WibleChris WibleChris Wible
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Worstell, Sherry
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personSherry WorstellSherry WorstellSherry WorstellSherry WorstellSherry Worstell
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org22222
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Purpose: mission, activities, & accomplishments
Mission or significant activitiesScott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.Scott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.Scott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.Scott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.Scott Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.
Program service expenses, total$426,248.00$430,477.00$393,777.00$399,322.00$379,021.00
Programs, including revenue & expenses
The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.
Program expenses$426,248.00$430,477.00$393,777.00$399,322.00$379,021.00
Grants and allocations made$0.00$0.00$0.00$0.00$0.00
Program revenue$505,750.00$478,890.00$466,537.00$468,882.00$454,052.00
Program descriptionThe organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.
Financial data
Revenue
Total revenue$508,436.00$480,246.00$468,825.00$468,882.00$454,535.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$73,665.00$65,368.00$63,504.00$82,221.00$106,876.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$2,686.00$1,356.00$2,288.00$1,370.00$483.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$434,771.00$414,878.00$405,321.00$386,661.00$347,659.00
Gross receipts$508,436.00$480,246.00$468,825.00$468,882.00$454,535.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$73,665.00$65,368.00$63,504.00$82,221.00$106,876.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$481,781.00$480,110.00$444,996.00$448,930.00$437,710.00
Total functional expenses: program service $426,248.00$430,477.00$393,777.00$399,322.00$379,021.00
Total functional expenses: management and general$55,533.00$49,633.00$51,219.00$49,608.00$58,689.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$1,808.00$450.00$150.00$1,650.00$1,830.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$5,693.00$5,938.00$0.00$0.00$6,710.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$10,455,226.00$10,820,032.00$10,671,011.00$10,963,197.00$11,238,303.00
Total assets, beginning of year$10,820,032.00$10,671,011.00$10,963,197.00$11,238,303.00$11,708,165.00
Total liabilities$9,006,689.00$9,398,150.00$9,249,265.00$9,565,280.00$9,860,338.00
Total liabilities, beginning of year$9,398,150.00$9,249,265.00$9,565,280.00$9,860,338.00$10,347,025.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Net assets$1,448,537.00$1,421,882.00$1,421,746.00$1,397,917.00$1,377,965.00
Net assets, beginning of year$1,421,882.00$1,421,746.00$1,397,917.00$1,377,965.00$1,361,140.00
Other liabilities$8,972,228.00$9,367,658.00$9,217,090.00$9,536,513.00$9,834,318.00
Bond liabilities$0.00$0.00$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$101,667.00$116,592.00$112,771.00$118,820.00$128,997.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$41,891.00$44,741.00$30,736.00$55,309.00$47,582.00
Cash: non-interest bearing, beginning of year$44,741.00$30,736.00$55,309.00$47,582.00$25,336.00
Investments -- program-related$5,162,718.00$5,176,718.00$4,984,718.00$5,675,718.00$5,601,718.00
Escrow or custodial account liability$0.00$0.00$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses$26,655.00$136.00$23,829.00$19,952.00$16,825.00
Advertising (total)$3,615.00$2,700.00$2,547.00$2,798.00$3,497.00
Savings & temp cash investment$411,555.00$605,979.00$534,171.00$343,788.00$631,356.00
Accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Prepaid expenses & deferred charges$26,414.00$21,247.00$17,638.00$25,507.00$27,103.00
Accounts payable & accrued expenses$34,461.00$30,492.00$32,175.00$28,767.00$26,020.00
Deferred revenue$0.00$0.00$0.00$0.00$0.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00$0.00$0.00
Secured mortgages and notes payable$0.00$0.00$0.00$0.00$0.00
Total net assets or fund balances$1,448,537.00$1,421,882.00$1,421,746.00$1,397,917.00$1,377,965.00
Depreciation, depletion, amortization$3,888.00$3,987.00$1,384.00$0.00$4,110.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-112017-10-032016-08-312015-07-072014-09-16
IRS schema version2017v2.02016v3.02015v2.12014v5.02013v3.0
Filing identifier201811309349301011201741299349302514201621269349300947201541269349301349201401279349301965
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