EIN 34-0153020

The Ohio Educational Credit Union (OHecu)

IRS 501(c) type
501(c)(14)
Num. employees
51
State
Year formed
1933
Most recent tax filings
2022-12-01
Description
The Ohio Educational Credit Union's mission is to build their members’ financial future through a full range of superior financial services, education and exceptional value.
Related structure
OHecu is child organization, under the parent exemption from Ohio Chartered Credit Unions.
Also known as...
30
Total revenues
$7,227,495
2022
Total expenses
$6,642,384
2022
Total assets
$155,162,928
2022
Num. employees
51
2022

Program areas at OHecu

The Credit Union provides its members with consumer loan products which include vehicle, signature, Credit card, and private student loans, in addition to indirect vehicle leases. The Credit Union also offers real estate loans to its members, including first mortgage and home equity lines of Credit.
The Credit Union provides term savings products to its members, which includes ira and share certificates. Certificate terms range from three months to five years.
The Credit Union provides members with transaction share account services, which includes share draft checking, share savings and money market share accounts. Transaction share account products enable members to conduct their day to day financial needs with convenient services of cash, direct deposit, checks, atms, debit cards, ach, audio response, mobile and online banking with bill payment.

Personnel at OHecu

NameTitleCompensation
Jerome R ValcoChief Executive Officer$134,791
Michael R KingChief Operating Officer$43,315
Sarah JankovicChief Financial Officer$94,108
Anthony ToyChief Retail Services Officer$118,909
Robert C BeckerPast Chief Operations Officer / Chief Operating Officer$84,635
...and 1 more key personnel

Financials for OHecu

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$6,601,701
Investment income and dividends$625,794
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,227,495

Form 990s for OHecu

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-20990View PDF
2021-122022-10-14990View PDF
2020-122021-11-10990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 12 more Form 990s

Organizations like OHecu

OrganizationLocationRevenue
Credit Union of OhioHilliard, OH$9,292,003
Ohio Valley Community Federal Credit Union (OVCCU)Clarington, OH$6,899,435
Friends and Family Credit UnionMassillon, OH$4,365,367
Firefighters Community Credit Union (FCCU)Cleveland, OH$14,606,591
138 Towpath Credit UnionFairlawn, OH$8,942,681
Christian Family Credit UnionMilford, OH$2,879,242
333 Golden Circle Credit UnionMassillon, OH$2,904,500
110 Aurgroup Financial Credit UnionFairfield, OH$8,543,860
0220 Abbey Credit UnionVandalia, OH$6,146,738
718 Atomic Credit UnionPiketon, OH$35,641,688
Data update history
November 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2023
Used new vendors
Identified 1 new vendor, including
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelCommunity engagement / volunteering
General information
Address
4141 Rockside Rd Suite 400
Seven Hills, OH 44131
Metro area
Cleveland-Elyria, OH
County
Cuyahoga County, OH
Website URL
ohecu.com/ 
Phone
(216) 621-6296
IRS details
EIN
34-0153020
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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