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Nonprofit · EIN 34-4431845

1371 IMPACT CREDIT UNION INC

Tax-exempt · CLYDE, OH 43410

Financials

$9.8M$9.2M2023$11.2M$10.4M2024
Revenue Expenses · by fiscal year end
Financials of 1371 IMPACT CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,168,432$10,351,231$817,201$185,711,223$168,951,880$16,759,343
December 31, 2023990$9,803,163$9,189,229$613,934$177,641,796$162,713,716$14,928,080
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$9,857,710
Investment income
$1,280,487
Other revenue
$30,235

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$522,048
Other salaries and wages
$2,341,507
Salaries, compensation and benefits (total)
$3,988,047
Professional fundraising fees
$0
Legal fees
$2,239
Accounting fees
$40,595
Occupancy
$231,130
Travel
$7,703
Depreciation
$231,430

Balance sheet and other

Total assets, start of year
$177,641,796
Total assets, end of year
$185,711,223
Total liabilities, end of year
$168,951,880
Net assets, end of year
$16,759,343
Land, buildings and equipment
$4,634,193
Gross unrelated business income
$517,030
Gross receipts
$11,168,432
Employees
64
Volunteers
14
Year formed
1937
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 / weekCompensationOther / benefits
SCOTT HICKSPRESIDENT/CE
Officer
40$257,543$158,383
BRUCE JOSEPHFINANCIAL PL
Highest-paid employee
40$228,312$32,992
SONYA SMITHEVP/CFO
Officer
40$150,160$55,168
KELLY STRECKERSVP/CLO
Officer
40$114,345$27,286
CRAIG DAVISVP OPERATION
Highest-paid employee
40$100,610$18,123
NICHOLAS COURTRIGHTTREASURER/SE
Trustee or director, Officer
0.5$0$0
MICHAEL HALBEISENDIRECTOR
Trustee or director, Officer
0.5$0$0
TROY HASHBARGERCHAIRMAN
Trustee or director, Officer
0.5$0$0
BRUCE HIRTDIRECTOR
Trustee or director, Officer
0.5$0$0
GARY HOTZDIRECTOR
Trustee or director, Officer
0.5$0$0
KAREN MACFARLANDDIRECTOR
Trustee or director, Officer
0.5$0$0
CURTIS REICHMANVICE CHAIRMA
Trustee or director, Officer
0.5$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
SCOTT HICKSPRESIDENT/CE
Officer
40$628,862$157,991
SONYA SMITHEVP/CFO
Officer
40$300,278$52,702
BRUCE JOSEPHFINANCIAL PL
Highest-paid employee
40$185,695$27,569
KELLY STRECKERSVP/CLO
Officer
40$111,105$24,527
NICHOLAS COURTRIGHTDIRECTOR
Trustee or director, Officer
0.5$0$0
MICHAEL HALBEISENCHAIRMAN
Trustee or director, Officer
0.5$0$0
TROY HASHBARGERVICE CHAIRMA
Trustee or director, Officer
0.5$0$0
BRUCE HIRTDIRECTOR
Trustee or director, Officer
0.5$0$0
GARY HOTZDIRECTOR
Trustee or director, Officer
0.5$0$0
KAREN MACFARLANDDIRECTOR
Trustee or director, Officer
0.5$0$0
CURTIS REICHMANTREASURER/SE
Trustee or director, Officer
0.5$0$0

Address and contacts

Address (IRS master file)
1455 W MCPHERSON HWY, CLYDE, OH 43410-1009
In care of
% SCOTT A HICKS
Principal officer (990 for 2024)
SCOTT HICKS
Signed the 990
SONYA SMITH, EVP/CFO
Phone
(419) 547-7781
Return prepared by
WAVERLY BUSINESS SERVICES

Mission

TO HELP OUR MEMBER-OWNERS TO MANAGE THEIR FINANCIAL LIVES AND TO RUN A STABLE CREDIT UNION BY: CHOOSING TO DO WHAT IS RIGHT, CARING ABOUT OUR MEMBER'S NEEDS, AND PROVIDING FINANCIAL EDUCATION AND QUALITY PRODUCTS AND SERVICES THAT BENEFIT OUR MEMBERS, BECAUSE WE ARE THE STEWARD OF OUR MEMBER'S MONEY.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE 14,352 MEMBERS WITH REGULAR SHARES, SHARE DRAFTS, MONEY MARKETS, IRA AND CERTIFICATES OF DEPOSIT TOTALING 31,868.
  • ORIGINATE LOANS AND SERVICE A LOAN PORTFOLIO OF 9,912 INCLUDING NEW AND USED VEHICLES, RECREATIONAL VEHICLES, SIGNATURE, 1ST MORTGAGE, HOME EQUITY, CREDIT CARD, AND SHARE SECURED LOANS.
  • OFFER CHECK CASHING, COURTESY PAY, WIRE TRANSFER, ELECTRONIC BANKING, ATM AND VARIOUS INSURANCE PROGRAMS TO ELIGIBLE 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 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
34-4431845
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)
$185,711,223
Income (IRS master file)
$11,168,432

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,168,432$10,351,231$185,711,223XML
990December 2023$9,803,163$9,189,229$177,641,796XML
990December 2022$8,485,851$8,043,108$185,065,864IRS
990December 2021–––IRS
990December 2020–––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 34-4431845).

Questions about 1371 IMPACT CREDIT UNION INC

What is the EIN of 1371 IMPACT CREDIT UNION INC?
The employer identification number (EIN) of 1371 IMPACT CREDIT UNION INC is 34-4431845.
Is 1371 IMPACT CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to 1371 IMPACT CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 1371 IMPACT 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 1371 IMPACT 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 1371 IMPACT 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 1371 IMPACT CREDIT UNION INC?
The 990 for the year ended December 31, 2024 names SCOTT HICKS.
Who are the officers and directors of 1371 IMPACT CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $257,543 (SCOTT HICKS, PRESIDENT/CE).
How much revenue does 1371 IMPACT CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,168,432, expenses of $10,351,231 and total assets of $185,711,223 at year end.

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