Nonprofit · EIN 31-4379753
1380 EDUCATION FIRST CREDIT UNION INC
Tax-exempt · COLUMBUS, OH 43215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,065,417 | $9,691,550 | $373,867 | $144,633,777 | $130,965,174 | $13,668,603 |
| December 31, 2023 | 990 | $9,028,852 | $8,841,417 | $187,435 | $136,928,093 | $124,038,512 | $12,889,581 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,730,283
- Investment income
- $1,335,134
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,830,721
- Compensation of officers, directors and key employees
- $563,915
- Other salaries and wages
- $1,997,851
- Salaries, compensation and benefits (total)
- $3,373,576
- Professional fundraising fees
- $0
- Legal fees
- $6,090
- Accounting fees
- $55,338
- Occupancy
- $209,121
- Depreciation
- $254,744
Balance sheet and other
- Total assets, start of year
- $136,928,093
- Total assets, end of year
- $144,633,777
- Total liabilities, end of year
- $130,965,174
- Net assets, end of year
- $13,668,603
- Land, buildings and equipment
- $5,512,577
- Gross unrelated business income
- $36,636
- Gross receipts
- $10,065,417
- Employees
- 49
- Volunteers
- 7
- Year formed
- 1936
- State of legal domicile
- OH
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 |
|---|---|---|---|---|
| MICHAEL WETTRICH | PRESIDENT/CE Officer | 40 | $238,007 | $40,826 |
| JARED ELSASS | CFO Officer | 40 | $167,217 | $15,122 |
| JASON THOMAS | COO Officer | 40 | $158,691 | $12,360 |
| JO ANNETTE BYAS-MARSTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIE DIDLICK | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| DAVID DOBOS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY BLAND III | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EZETTA MURRAY | SECRETARY Trustee or director | 2 | $0 | $0 |
| BARBARA OVERHOLSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IRMA TURNER | TREASURER Trustee or director | 2 | $0 | $0 |
| JEFFERY WOODSON | VICE CHAIRPE Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL WETTRICH | PRESIDENT/CE Officer | 40 | $194,053 | $39,078 |
| JARED ELSASS | CFO Officer | 40 | $160,129 | $12,540 |
| JASON THOMAS | COO Officer | 40 | $145,822 | $10,445 |
| JULIE DIDLICK | CHAIRPERSON Trustee or director | 2 | $0 | $0 |
| HENRY BLAND III | TREASURER Trustee or director | 2 | $0 | $0 |
| EZETTA MURRAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA OVERHOLSER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERT SECREST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IRMA TURNER | SECRETARY Trustee or director | 2 | $0 | $0 |
| JEFFERY WOODSON | VICE CHAIRPE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 510 E MOUND ST, COLUMBUS, OH 43215-5539
- Principal officer (990 for 2024)
- MICHAEL WETTRICH, 510 E MOUND ST, COLUMBUS, OH 43215
- Signed the 990
- MICHAEL WETTRICH, PRESIDENT/CEO
- Phone
- (614) 221-9376
- Website
- WWW.EDUCU.ORG
- Return prepared by
- WAVERLY BUSINESS SERVICES
Mission
PROVIDE LOW COST LOANS TO SELECT MEMBERSHIP GROUPS, AS WELL AS PROVIDE SAVINGS OPTIONS, FINANCIAL LITERACY AND OTHER FINANCIAL SERVICES AND PRODUCTS WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES MEMBERS AS OWNERS.
Program accomplishments
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIVIDEND EXPENSES PROVIDING SHARE DEPOSIT ACOUNTS TO APPROXIMATELY 12,176 MEMBERS. THE NUMBER OF THOSE ACCOUNTS TOTAL APPROXIMATELY 22,643.
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED DIRECT LABOR COSTS AND EMPLOYEE BENEFIT COSTS BY PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.
- DURING 2024, EDUCATION FIRST CREDIT UNION INCURRED OPERATIONS EXPENSES PROVIDING FINANCIAL SERVICES TO MEMBERS SUCH AS ATM ACCESS, SHARED BRANCHING ACCESS, SHARE DRAFT SERVICES, AND OTHER EXPENSES ASSOCIATED WITH FINANCIAL ACCOUNT PROGRAMS. EDUCATION FIRST PROVIDED THESE SERVICES TO AN ESTIMATED 12,176 MEMBERS DURING 2024.
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 on file |
IRS record
- EIN
- 31-4379753
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1990: OHIO CHARTERED CREDIT UNIONS
- Assets (IRS master file)
- $144,633,777
- Income (IRS master file)
- $10,065,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,065,417 | $9,691,550 | $144,633,777 | XML |
| 990 | December 2023 | $9,028,852 | $8,841,417 | $136,928,093 | XML |
| 990 | December 2022 | $7,953,641 | $7,426,406 | $146,057,594 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 31-4379753).
Questions about 1380 EDUCATION FIRST CREDIT UNION INC
- What is the EIN of 1380 EDUCATION FIRST CREDIT UNION INC?
- The employer identification number (EIN) of 1380 EDUCATION FIRST CREDIT UNION INC is 31-4379753.
- Is 1380 EDUCATION FIRST CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to 1380 EDUCATION FIRST CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 1380 EDUCATION FIRST CREDIT UNION INC 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 1380 EDUCATION FIRST CREDIT UNION INC 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 1380 EDUCATION FIRST CREDIT UNION INC 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 1380 EDUCATION FIRST CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL WETTRICH.
- Who are the officers and directors of 1380 EDUCATION FIRST CREDIT UNION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 3 received compensation from the organization, the highest $238,007 (MICHAEL WETTRICH, PRESIDENT/CE).
- How much revenue does 1380 EDUCATION FIRST CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,065,417, expenses of $9,691,550 and total assets of $144,633,777 at year end.
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