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Nonprofit · EIN 34-0827524

532 FAITH COMMUNITY UNITED CREDIT UNION INC

Tax-exempt · CLEVELAND, OH 44105

Financials

$1.4M$1.4M2023$731K$844K2024
Revenue Expenses · by fiscal year end
Financials of 532 FAITH COMMUNITY UNITED CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$731,216$843,654-$112,438$15,152,552$339,348$14,813,204
December 31, 2023990$1,364,415$1,362,889$1,526$15,600,686$675,044$14,925,642
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$297,252
Investment income
$433,964
Tax-exempt bond proceeds
$254,804
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$338,590
Salaries, compensation and benefits (total)
$431,016
Professional fundraising fees
$0
Accounting fees
$68,395
Occupancy
$104,321
Travel
$19,804
Program services (functional)
$843,654

Balance sheet and other

Total assets, start of year
$15,600,686
Total assets, end of year
$15,152,552
Total liabilities, end of year
$339,348
Net assets, end of year
$14,813,204
Land, buildings and equipment
$76,538
Net assets without donor restrictions
$14,813,204
Gross receipts
$731,216
Employees
10
Volunteers
7
Year formed
1952
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.

NameTitleHours / weekCompensation
Tyrone McGuineaChairman of the Board
Trustee or director, Officer
2$0
Ronaye SteeleDirector
Trustee or director, Officer
1$0
Cynthia SullivanSecretary of the Board
Trustee or director, Officer
1$0
Phyllis ClevelandVice Chairperson
Trustee or director, Officer
1$0
Rana BrownDirector
Trustee or director
1$0
Alicea GravesSecond Vice Chair
Trustee or director
1$0
Carl Kirkland2nd Vice
Trustee or director, Officer
1$0
Kenetha SimsBoard Member
Trustee or director
1$0
Deonna Moore Taylor–
Trustee or director
1$0
Jacqueline Y MooreChief Executive Officer
Highest-paid employee
0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Rana BrownDirector
Trustee or director
1$0
Phyllis ClevelandDirector
Trustee or director
1$0
Alicea GravesSecond Vice Chair
Trustee or director
1$0
Kenetha SimsBoard Member
Trustee or director
1$0
Carl KirklandDirector
Trustee or director
1$0
Everette Mitchell JrFirst Vice Chairman of the Bo
Trustee or director, Officer
1$0
Tyrone McGuineaChairman of the Board
Trustee or director, Officer
2$0
Cynthia SullivanSecretary of the Board
Trustee or director, Officer
1$0
Ronaye SteeleDirector
Trustee or director, Officer
1$0
Jacqueline Y MooreChief Executive Officer
Highest-paid employee
0$0

Address and contacts

Address (IRS master file)
3550 E 93RD ST, CLEVELAND, OH 44105-1644
In care of
% JACQUELINE Y MOORE
Signed the 990
JACQUELINE Y MOORE, Chief Executive Officer
Phone
(216) 271-7111
Return prepared by
A B WEST CORPORATION

Mission

Provide lending, savings,and other financial services to its qualifying members at terms better than available in the marketplace with a service based emphasis that recognizes the members as owners.

990 for the year ended December 31, 2024

Program accomplishments

  • Granted 1841 loans $2,448,231 to credit union members. Some members were deemed to higher risk. The costs incurred consisted of credit union staff processing loans. In addition the credit union did not have to increase the Allowance for Loan Losses in 2024. Faith Community United Credit Unionis a full service Community Development Financial Institution serving the under served community. The credit union provides consumer, mortgages, SBA and non SBA business loans. The credit union also provides home banking, debit cards, credit cards,cash advances, certified checks, automatic clearing house deposits and loan payments, and money orders. The credit pays dividends on deposits.
    Expenses $843,654

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-0827524
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
Assets (IRS master file)
$15,152,552
Income (IRS master file)
$731,216

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$731,216$843,654$15,152,552IRS
990December 2023$1,364,415$1,362,889$15,600,686XML
990December 2022$2,238,593$1,564,602$18,486,535IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 34-0827524).

Questions about 532 FAITH COMMUNITY UNITED CREDIT UNION INC

What is the EIN of 532 FAITH COMMUNITY UNITED CREDIT UNION INC?
The employer identification number (EIN) of 532 FAITH COMMUNITY UNITED CREDIT UNION INC is 34-0827524.
Is 532 FAITH COMMUNITY UNITED CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to 532 FAITH COMMUNITY UNITED CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 532 FAITH COMMUNITY UNITED 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 532 FAITH COMMUNITY UNITED 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 532 FAITH COMMUNITY UNITED 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 are the officers and directors of 532 FAITH COMMUNITY UNITED CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does 532 FAITH COMMUNITY UNITED CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $731,216, expenses of $843,654 and total assets of $15,152,552 at year end.

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