Nonprofit · EIN 34-4360015
55 BAY AREA CREDIT UNION INC
Tax-exempt · OREGON, OH 43616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,766,789 | $5,089,989 | $676,800 | $105,549,633 | $91,704,951 | $13,844,682 |
| December 31, 2024 | 990 | $4,760,195 | $4,220,195 | $540,000 | $81,996,968 | $70,752,759 | $11,244,209 |
| December 31, 2023 | 990 | $4,815,421 | $3,965,421 | $850,000 | $78,735,648 | $68,235,134 | $10,500,514 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,521,057
- Investment income
- $1,245,874
- Net rental income
- -$142
- Other revenue
- -$142
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $391,830
- Other salaries and wages
- $1,262,530
- Salaries, compensation and benefits (total)
- $2,224,265
- Professional fundraising fees
- $0
- Legal fees
- $8,497
- Accounting fees
- $35,079
- Occupancy
- $101,330
- Depreciation
- $111,669
- Program services (functional)
- $3,992,818
- Management and general (functional)
- $1,097,171
Balance sheet and other
- Total assets, start of year
- $81,996,968
- Total assets, end of year
- $105,549,633
- Total liabilities, end of year
- $91,704,951
- Net assets, end of year
- $13,844,682
- Land, buildings and equipment
- $2,046,085
- Gross unrelated business income
- $1,758
- Gross receipts
- $5,771,431
- Employees
- 32
- Volunteers
- 6
- Year formed
- 1934
- 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 |
|---|---|---|---|---|
| Jennifer Tober | Chief Executive Officer / Director Trustee or director, Key employee, Highest-paid employee | 40 | $213,123 | $110,600 |
| Carl Weaver | Chief Strategic Officer Key employee | 40 | $178,708 | $32,500 |
| Michael Jaksetic | Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Daniel Meisner | Vice Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Kyle McDaniel | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Dawn Bassitt | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Barry Ramlow | Director Trustee or director | 1 | $0 | $0 |
| Dave Martin | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer Tober | Chief Executive Officer / Director Trustee or director, Key employee, Highest-paid employee | 40 | $179,080 | $103,700 |
| Michael Jaksetic | Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Daniel Meisner | Vice Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Kyle McDaniel | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Dawn Bassitt | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Barry Ramlow | Director Trustee or director | 1 | $0 | $0 |
| Dave Martin | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer Tober | Chief Executive Officer / Director Trustee or director, Key employee, Highest-paid employee | 40 | $572,228 | $98,900 |
| Michael Jaksetic | Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Daniel Meisner | Vice Chairman of the Board Trustee or director | 1 | $0 | $0 |
| Kyle McDaniel | Treasurer of the Board Trustee or director | 1 | $0 | $0 |
| Dawn Bassitt | Secretary of the Board Trustee or director | 1 | $0 | $0 |
| Barry Ramlow | Director Trustee or director | 1 | $0 | $0 |
| Dave Martin | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4202 NAVARRE AVE, OREGON, OH 43616-3562
- In care of
- % JENNIFER TOBER
- Principal officer (990 for 2025)
- Jennifer Tober, 4202 Navarre Avenue, Oregon, OH 43616
- Signed the 990
- Jennifer Tober, Chief Executive Officer
- Phone
- (419) 698-2962
- Website
- bayareacu.com
- Return prepared by
- Schmidt & Associates
Mission
The mission of Bay Area Credit Union, Inc. is to be personally committed to delivering financial solutions.
Program accomplishments
- The organization is a state chartered member owned cooperative credit union that provides financial products and services to the member owners.Expenses $3,992,818 · revenue $5,765,031
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
- 34-4360015
- 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)
- $105,549,633
- Income (IRS master file)
- $5,771,431
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,766,789 | $5,089,989 | $105,549,633 | IRS |
| 990 | December 2024 | $4,760,195 | $4,220,195 | $81,996,968 | IRS |
| 990 | December 2023 | $4,815,421 | $3,965,421 | $78,735,648 | XML |
| 990 | December 2022 | $3,651,914 | $3,375,914 | $80,010,962 | 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 34-4360015).
Questions about 55 BAY AREA CREDIT UNION INC
- What is the EIN of 55 BAY AREA CREDIT UNION INC?
- The employer identification number (EIN) of 55 BAY AREA CREDIT UNION INC is 34-4360015.
- Is 55 BAY AREA CREDIT UNION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to 55 BAY AREA CREDIT UNION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 55 BAY AREA 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 55 BAY AREA 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 55 BAY AREA 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 55 BAY AREA CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 names Jennifer Tober.
- Who are the officers and directors of 55 BAY AREA CREDIT UNION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $213,123 (Jennifer Tober, Chief Executive Officer / Director).
- How much revenue does 55 BAY AREA CREDIT UNION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,766,789, expenses of $5,089,989 and total assets of $105,549,633 at year end.
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