Nonprofit · EIN 34-0796042
614 WES CREDIT UNION INC
Tax-exempt · WILLOUGHBY, OH 44094
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $590,671 | $480,885 | $109,786 | $13,861,101 | $12,452,025 | $1,409,076 |
| December 31, 2024 | 990 | $473,358 | $412,565 | $60,793 | $14,046,755 | $12,849,222 | $1,197,533 |
| December 31, 2023 | 990 | $412,160 | $403,193 | $8,967 | $14,065,230 | $13,182,359 | $882,871 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $255,367
- Investment income
- $335,304
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,752
- Other salaries and wages
- $94,037
- Salaries, compensation and benefits (total)
- $178,554
- Professional fundraising fees
- $0
- Legal fees
- $100
- Accounting fees
- $13,200
- Occupancy
- $19,188
- Depreciation
- $27,311
- Program services (functional)
- $420,005
- Management and general (functional)
- $60,880
Balance sheet and other
- Total assets, start of year
- $14,046,755
- Total assets, end of year
- $13,861,101
- Total liabilities, end of year
- $12,452,025
- Net assets, end of year
- $1,409,076
- Land, buildings and equipment
- $186,431
- Gross receipts
- $590,671
- Employees
- 5
- Volunteers
- 6
- Year formed
- 1954
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steve Simone | Chief Executive Officer Key employee, Highest-paid employee | 40 | $66,752 | $2,400 |
| Michelle Augusta | President of the Board Trustee or director | 1 | $0 | $0 |
| Kathleen Rini | Vice President of the Board Trustee or director | 1 | $0 | $0 |
| Carol Staska | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Rita Martin | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Janice Conley | Director Trustee or director | 1 | $0 | $0 |
| James Lovich | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steven Simone | Chief Executive Officer Key employee, Highest-paid employee | 40 | $69,132 | $500 |
| Michelle Augusta | President of the Board Trustee or director | 1 | $0 | $0 |
| Kathleen Rini | Vice President of the Board Trustee or director | 1 | $0 | $0 |
| Carol Staska | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Rita Martin | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Janice Conley | Director Trustee or director | 1 | $0 | $0 |
| James Lovich | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steven Simone | Chief Executive Officer Key employee, Highest-paid employee | 40 | $67,367 | $600 |
| Michelle Augusta | President of the Board Trustee or director | 1 | $0 | $0 |
| Kathleen Rini | Vice President of the Board Trustee or director | 1 | $0 | $0 |
| Carol Staska | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Rita Martin | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Janice Conley | Director Trustee or director | 1 | $0 | $0 |
| Janice Sternisha | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 38024 2ND ST, WILLOUGHBY, OH 44094-6105
- In care of
- % WES CREDIT UNION
- Principal officer (990 for 2025)
- Steve Simone, 38024 Second Street, Willoughby, OH 44094
- Signed the 990
- Steve Simone, Chief Executive Officer
- Phone
- (440) 942-6981
- Website
- wescreditunion.com
- Return prepared by
- Schmidt & Associates
Mission
The mission of WES Credit Union, Inc. is to provide the best service and the best rates possible to our members while maintaining a sound financial institution.
Program accomplishments
- The organization is a state chartered member owned cooperative credit union that provides financial services and products to the member owners.Expenses $420,005 · revenue $590,671
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 | 990 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
- 34-0796042
- 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)
- $13,861,101
- Income (IRS master file)
- $590,671
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $590,671 | $480,885 | $13,861,101 | IRS |
| 990 | December 2024 | $473,358 | $412,565 | $14,046,755 | IRS |
| 990 | December 2023 | $412,160 | $403,193 | $14,065,230 | XML |
| 990 | December 2022 | $352,520 | $389,926 | $15,663,133 | 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 34-0796042).
Questions about 614 WES CREDIT UNION INC
- What is the EIN of 614 WES CREDIT UNION INC?
- The employer identification number (EIN) of 614 WES CREDIT UNION INC is 34-0796042.
- Is 614 WES CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to 614 WES CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 614 WES 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 614 WES CREDIT UNION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 614 WES CREDIT UNION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of 614 WES CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 names Steve Simone.
- Who are the officers and directors of 614 WES CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $66,752 (Steve Simone, Chief Executive Officer).
- How much revenue does 614 WES CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $590,671, expenses of $480,885 and total assets of $13,861,101 at year end.
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