Champion Credit Union Inc

Address
4140 West Laskey Road
Toledo, OH 43623
Contact
Website: http://www.championcu.org
Phone: +1 (419) 407-4140
Nonprofit
NTEE: W61 - Credit Unions
EIN: 34-4407085

Mission

Champion Credit Union is a member owned financial cooperative whose mission is to be progressive in providing the best in a full range of services to our members while maintaining financial stability.
 20152014201320122011
Basic features of the organization
Year of formation1942
Metropolitan statistical area8400
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$84,861.00$92,106.00$88,837.00$89,168.00$88,257.00
Sum of reportable (W2/1099) compensation$84,861.00$92,106.00$88,837.00$89,168.00$88,257.00
Number of employees2221222221
Number of people compensated >$100k00000
Number of volunteers1616161416
Number of highly compensated contractors000  
Personnel
Benton, Terry
TitleVice ChairpersonVice ChairpersonDirectorDirector 
Name of key/compensated personTerry BentonTerry BentonTerry BentonTerry Benton 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2222 
Reportable compensation from org$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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0000 
Birch, Sheryl
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personSheryl BirchSheryl BirchSheryl BirchSheryl BirchSheryl Birch
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 orgs0000 
Bobak, David
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personDavid BobakDavid BobakDavid BobakDavid BobakDavid Bobak
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 orgs0000 
Eisenhauer, John
TitleChairman of BoardChairman of BoardVice ChairmanVice ChairmanVice Chairman
Name of key/compensated personJohn EisenhauerJohn EisenhauerJohn EisenhauerJohn EisenhauerJohn Eisenhauer
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 orgs0000 
Grindle, Steven
TitleTreasurer / CEOTreasurer / CEOTreasurer / CEOTreasurer / CEOTreasurer / CEO
Name of key/compensated personSteven GrindleSteven GrindleSteven GrindleSteven GrindleSteven Grindle
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$84,861.00$92,106.00$88,837.00$89,168.00$88,257.00
Other comp, non-reportable, from org and related orgs$65,000.00$73,400.00$65,350.00$60,000.00$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 orgs0000 
Johnson, Ronald
Title  Chairman of BoardChairman of BoardChairman of Board
Name of key/compensated person  Ronald JohnsonRonald JohnsonRonald Johnson
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  00 
Keller, Richard
Title    Director
Name of key/compensated person    Richard Keller
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
Lawecki, Robert
TitleDirectorDirector   
Name of key/compensated personRobert LaweckiRobert Lawecki   
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   
Siebert, Jill
TitleSecretarySecretarySecretarySecretarySecretary
Name of key/compensated personJill SiebertJill SiebertJill SiebertJill SiebertJill Siebert
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 orgs0000 
Sneider, Rosalie
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personRosalie SneiderRosalie SneiderRosalie SneiderRosalie SneiderRosalie Sneider
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 orgs0000 
Teague, George
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personGeorge TeagueGeorge TeagueGeorge TeagueGeorge Teague 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2222 
Reportable compensation from org$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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Average hours per week working for related orgs0000 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesChampion Credit Union Inc is a financial institution cooperative organized to provide lending and deposit products and services for its member owners.Champion Credit Union Inc is a financial institution cooperative organized to provide lending and deposit products and services for its member owners.Champion Credit Union Inc is a financial institution cooperative organized to provide lending and deposit products and services for its member owners.Champion Credit Union is a financial institution cooperative organized to provide lending and deposit products and services for its member owners.Champion Credit Union is a financial institution cooperative organized to provide lending and deposit products and services for its member owners.
Program service expenses, total$1,727,266.00$1,885,992.00$2,014,217.00$2,014,180.00$2,341,632.00
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$1,727,266.00$1,885,992.00$2,014,217.00$2,014,180.00$2,341,632.00
Grants and allocations made$0.00$0.00$0.00$0.00$0.00
Program revenue$2,172,322.00$2,228,963.00$2,245,236.00$2,425,459.00$2,622,362.00
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$2,181,332.00$2,238,833.00$2,254,676.00$2,434,149.00$2,629,994.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$350,940.00$311,519.00$282,503.00$282,740.00$293,898.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$9,084.00$9,870.00$9,440.00$8,690.00$7,632.00
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)$1,830,392.00$1,927,314.00$1,972,173.00$2,151,409.00$2,336,096.00
Gross receipts$2,181,332.00$2,238,833.00$2,254,676.00$2,434,149.00$2,629,994.00
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$350,940.00$311,519.00$282,503.00$282,740.00$293,898.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,106,330.00$2,316,680.00$2,391,077.00$2,418,921.00$2,804,677.00
Total functional expenses: program service $1,727,266.00$1,885,992.00$2,014,217.00$2,014,180.00$2,341,632.00
Total functional expenses: management and general$379,064.00$430,688.00$376,860.00$404,741.00$463,045.00
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)$6,126.00$6,932.00$4,760.00$7,391.00$7,336.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$7,409.00$7,445.00$15,814.00$15,599.00$16,067.00
Investment management fees (total)$2,839.00$4,856.00$4,828.00$0.00$0.00
Assets and liabilities
Total assets$50,136,903.00$46,982,833.00$45,801,467.00$46,676,737.00$47,734,642.00
Total assets, beginning of year$46,982,833.00$45,801,467.00$46,676,737.00$47,734,642.00$45,758,099.00
Total liabilities$44,299,503.00$41,071,358.00$39,775,983.00$40,574,440.00$41,576,346.00
Total liabilities, beginning of year$41,071,358.00$39,775,983.00$40,574,440.00$41,576,346.00$39,424,740.00
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$5,837,400.00$5,911,475.00$6,025,484.00$6,102,297.00$6,158,296.00
Net assets, beginning of year$5,911,475.00$6,025,484.00$6,102,297.00$6,158,296.00$6,333,359.00
Other liabilities$43,609,790.00$40,512,161.00$39,188,878.00$39,990,479.00$41,122,496.00
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$486,006.00$539,383.00$552,949.00$523,185.00$739,304.00
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$656,352.00$570,191.00$689,047.00$430,237.00$538,033.00
Cash: non-interest bearing, beginning of year$570,191.00$689,047.00$430,237.00$538,033.00$440,388.00
Investments -- program-related$21,329,820.00$17,860,125.00$14,781,714.00$15,028,593.00$16,468,158.00
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$75,002.00-$77,847.00-$136,401.00$15,228.00-$174,683.00
Advertising (total)$21,671.00$29,616.00$31,753.00$28,720.00$25,961.00
Savings & temp cash investment$3,547,313.00$2,130,822.00$4,240,275.00$3,866,988.00$2,918,934.00
Accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Prepaid expenses & deferred charges$554,257.00$673,678.00$544,855.00$359,983.00$448,105.00
Accounts payable & accrued expenses$689,713.00$559,197.00$587,105.00$583,961.00$453,850.00
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$5,837,400.00$5,911,475.00$6,025,484.00$6,102,297.00$6,158,296.00
Depreciation, depletion, amortization$116,200.00$108,090.00$98,768.00$109,287.00$108,765.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members99999
Number of independent voting members88888
Financial sheets audited   TrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-01-012014-01-012013-01-012012-01-012011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Has local chaptersTrueTrueTrueTrueTrue
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 submitted2016-09-262015-07-072014-09-262013-07-242012-09-28
IRS schema version2015v2.12014v5.02013v3.02012v2.02011v1.2
Filing identifier201641309349302259201541269349301159201401279349300730201311299349302301201221309349301012
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