Great Lakes Credit Union Inc in Sylvania, Ohio (OH)

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Great Lakes Credit Union Inc
Employer Identification Number (EIN)346523886
Name of OrganizationGreat Lakes Credit Union Inc
Address6600 Sylvania Ave Ste 6d, Sylvania, OH 43560-3919
ActivitiesEndowment fund or financial services, Loans or credit reporting
SubsectionCredit Union
Ruling Date04/1969
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$27,243,387
Amount of Income$2,356,518
Form 990 Revenue Amount$1,663,816

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,678,874
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$1,370,167
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$258,776
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$9,957
Gross amount from sales of assets other than inventory (Securities / Other)$1,173,542 / $4,664
Less: cost or other basis and sales expenses (Securities / Other)$1,152,239 / $16,010
Gain or (loss) (Securities / Other)$21,303 / $-11,346
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$39,974
Statement of Functional Expenses (for 2011)
Total functional expenses$1,626,274
Compensation of current officers, directors, trustees, and key employees$204,098
Other salaries and wages$282,929
Payroll taxes$48,470
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$26,236,200
Total liabilities$23,199,746
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$3,036,454
Retained earnings, endowment, accumulated income, or other funds$3,036,454
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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SubordinateKemba Financial Credit Union555 Officecenter Pl, Gahanna, OH 43230-5333OH1969-04$40,498,818
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SubordinateRiver Valley Credit Union Inc505 Earl Blvd, Miamisburg, OH 45342-6411OH1969-04$12,158,695
SubordinateChaco Credit Union Inc, 239100 S 3rd St, Hamilton, OH 45011-2816OH1969-04$10,512,939
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Number of affiliated organizations
Total131 is not associated with, endorsed by, or sponsored by Great Lakes Credit Union Inc and has no official or unofficial affiliation with Great Lakes Credit Union Inc