Nonprofit · EIN 23-1343877
LANCASTER RED ROSE CREDIT UNION
Tax-exempt · LEOLA, PA 17540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,858,751 | $1,803,344 | $1,055,407 | $52,212,531 | $45,797,597 | $6,414,934 |
| December 31, 2023 | 990 | $2,661,218 | $1,569,984 | $1,091,234 | $55,116,274 | $49,734,763 | $5,381,511 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,355,083
- Investment income
- $1,503,668
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $144,300
- Other salaries and wages
- $240,224
- Salaries, compensation and benefits (total)
- $460,642
- Professional fundraising fees
- $0
- Legal fees
- $208
- Accounting fees
- $32,100
- Occupancy
- $18,751
- Travel
- $5
- Depreciation
- $59,528
Balance sheet and other
- Total assets, start of year
- $55,116,274
- Total assets, end of year
- $52,212,531
- Total liabilities, end of year
- $45,797,597
- Net assets, end of year
- $6,414,934
- Land, buildings and equipment
- $1,305,790
- Publicly traded securities
- $923,633
- Gross unrelated business income
- $2,551
- Gross receipts
- $2,858,751
- Employees
- 9
- Volunteers
- 4
- Year formed
- 1948
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA E VINCENT | CEO Trustee or director, Officer | 45 | $123,539 | $20,761 |
| C MICHAEL WETZEL | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JAMES T O'BRIEN | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ERNEST DOERSCHUK III | SECRETARY & TRESURER Trustee or director | 1 | $0 | $0 |
| LOIS M MURSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA E VINCENT | CEO Officer | 45 | $104,810 | $26,535 |
| C MICHAEL WETZEL | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JAMES T O'BRIEN | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| ERNEST DOERSCHUK III | SECRETARY & TRESURER Trustee or director | 1 | $0 | $0 |
| LOIS M MURSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 629, LEOLA, PA 17540-0629
- Mailing address (990-N for 2023)
- 39 W Chestnut St, Lancaster PA 17603
- Principal officer (990 for 2024)
- KARA E VINCENT, 16 E MAIN STREET PO BOX 629, LEOLA, PA 17540
- Principal officer (990-N for 2023)
- Steven Owens, 39 W Chestnut St, Lancaster PA 17603
- Signed the 990
- KARA E VINCENT, CEO/CFO
- Phone
- (717) 295-6685
- Website
- WWW.LRRCU.ORG
- Return prepared by
- RKL LLP
Mission
THE CREDIT UNION IS ORGANIZED AND OPERATED TO PROMOTE THRIFT AMONG ITS MEMBERS AND TO CREATE A SOURCE OF LOW COST CREDIT.
Program accomplishments
- PROVIDE LOANS TO MORE THAN 4,943 MEMBERS.
- PROVIDE FINANCIAL STATEMENTS TO MORE THAN 4,943 MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 23-1343877
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0885: CREDIT UNIONS CHARTERED IN THE STATE OF PENNSYLVANIA
- Assets (IRS master file)
- $52,212,531
- Income (IRS master file)
- $2,858,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,858,751 | $1,803,344 | $52,212,531 | IRS |
| 990-N for 2023 Officer: Steven Owens | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2023 | $2,661,218 | $1,569,984 | $55,116,274 | XML |
| 990-N for 2022 Officer: Kevin Baker | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1343877).
Questions about LANCASTER RED ROSE CREDIT UNION
- What is the EIN of LANCASTER RED ROSE CREDIT UNION?
- The employer identification number (EIN) of LANCASTER RED ROSE CREDIT UNION is 23-1343877.
- Is LANCASTER RED ROSE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to LANCASTER RED ROSE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LANCASTER RED ROSE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LANCASTER RED ROSE CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANCASTER RED ROSE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LANCASTER RED ROSE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KARA E VINCENT.
- Who are the officers and directors of LANCASTER RED ROSE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $123,539 (KARA E VINCENT, CEO).
- How much revenue does LANCASTER RED ROSE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,858,751, expenses of $1,803,344 and total assets of $52,212,531 at year end.
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