1368 Code Credit Union FY2020 filing

Not tax-deductible

Dayton, OHMutual-benefit / member-servingSince 1940Mutual / membership EIN 31-1225765Revenue $6.6M in FY2020Latest return filed Aug 21, 2026

On file with the IRScodecu.orgDayton, OHTax-exempt since Apr 1969

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To passionately deliver a comprehensive range of exceptional services to our members and to improve our members' financial lives.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1225765) · Dispute this line
$484K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $987K a year · 12% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$484K
to officers and key staff · 8% of spending
Pay to officers and key staff is 8% of spending.
Part VII, Section A
33.3 mo
of spending, in cash
Plus $29.8M in investments, Pt X · Ln 11–13
33.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$134.3M
90% of total assets
Liabilities are 90% of assets.
Pt X · Ln 26
Independent board members
6
of 7 voting members
6 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$6.6M
Spent
$6.2M
Net assets
$15.1M
By yearFY2020–FY2025
Revenue
$6.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.6M
FY2021$6.6M
FY2022$7.5M
FY2023$8.9M
FY2024$9.8M
FY2025$11.0M
Expenses
$6.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.2M
FY2021$5.6M
FY2022$6.4M
FY2023$7.4M
FY2024$8.9M
FY2025$9.9M
Net assets
$15.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$15.1M
FY2021$15.9M
FY2022$16.3M
FY2023$17.7M
FY2024$18.9M
FY2025$20.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $484K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President/CEO/Treasurer
$220,833Pt VII · Sec A
Executive Vice President
$143,807Pt VII · Sec A
Vice President
$118,931Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Vice Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David S Rutherford$357,648$267,989————
David Scott Rutherford——$246,651$245,528$235,296$220,833
Heather Parrott———$162,574$146,243$143,807
Craig M Ballantine$140,410$158,884————
Madison Y Messinger$138,806$144,424$115,507———
Craig Ballantine——$123,374$131,365$120,625$118,931
Madison Y Foley———$107,694——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See 1368 Code Credit Union executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers financial services to members who share a common bond.

Questions for 1368 Code Credit Union

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1 program · in their own filed words · FY2020
01

Provide financial services to its members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1225765) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$453K
Money outPt IX
$6.2M
Ln 25
Owns and owesPt X
$15.1M
net assets · Ln 32
Cash and savingsLn 1–2$17.2M
Total assetsLn 16$149.4M
LiabilitiesLn 26$134.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.1M
Investment incomeLn 3$453K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$16.0M
Cash and savings togetherLn 1–2$17.2M
Notes and loans receivableLn 7$88.3M
Prepaid expenses and deferred chargesLn 9$496K
Land, buildings, equipmentLn 10c$4.6M
InvestmentsLn 11–13$29.8M
Other assetsLn 15$9.0M
Total assetsLn 16$149.4M
LiabilitiesLn 26$134.3M
Net assetsLn 32$15.1M
OperationsPt I, VI
EmployeesI 539
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$12.5M$17.2M
InvestmentsLn 11–13$19.8M$29.8M
Land, buildings, equipmentLn 10c$4.6M$4.6M
Total assetsLn 16$137.2M$149.4M
LiabilitiesLn 26$122.4M$134.3M
Net assetsLn 32$14.8M$15.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$484K
Other salaries and wagesLn 7$1.1M
Pension plan contributionsLn 8$153K
Other employee benefitsLn 9$327K
Payroll taxesLn 10$123K
Legal feesLn 11b−$25K
Accounting feesLn 11c$42K
Other fees for servicesLn 11g$49K
Advertising and promotionLn 12$201K
Office expensesLn 13$659K
Information technologyLn 14$1.2M
OccupancyLn 16$214K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$67K
InterestLn 20$672K
Depreciation, depletion and amortizationLn 22$139K
InsuranceLn 23$35K
Other expenses (24a–d)Ln 24$715K
Total functional expensesLn 25$6.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 21, 2026 $11.0M$9.9M$1.1M$20.4M 990 PDF
FY2024Filed with the IRS Sep 23, 2025 $9.8M$8.9M$869K$18.9M 990 PDF
FY2023Filed with the IRS Nov 4, 2024 $8.9M$7.4M$1.5M$17.7M 990 PDF
FY2022Filed with the IRS Nov 8, 2023 $7.5M$6.4M$1.0M$16.3M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $6.6M$5.6M$1.0M$15.9M 990 PDF
FY2020 ViewingFiled with the IRS Nov 8, 2021 $6.6M$6.2M$390K$15.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $6,599,673 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,266,713$6,146,632
I-10 Investment incomePrior year $481,571$453,041
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $6,748,284$6,599,673
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,201,082$2,224,322
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,076,031$3,985,091
I-18 Total expensesPrior year $6,277,113$6,209,413
I-19 Revenue less expensesPrior year $471,171$390,260
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,599,673 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,118,808 · Unrelated business $3,800 · Excluded from tax $4,024,024$6,146,632
VIII-3 Investment incomeRelated to mission $453,041$453,041
VIII-12 Total revenueRelated to mission $2,571,849 · Unrelated business $3,800 · Excluded from tax $4,024,024$6,599,673
Part IX · Statement of functional expenses $6,209,413 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$483,571
IX-7 Other salaries and wages$1,137,479
IX-8 Pension plan contributions$153,452
IX-9 Other employee benefits$327,141
IX-10 Payroll taxes$122,679
IX-11b Legal fees−$25,266
IX-11c Accounting fees$42,000
IX-11g Other fees for services$49,315
IX-12 Advertising and promotion$201,126
IX-13 Office expenses$658,925
IX-14 Information technology$1,214,663
IX-16 Occupancy$213,556
IX-17 Travel$2,571
IX-19 Conferences, conventions and meetings$66,914
IX-20 Interest$672,102
IX-22 Depreciation, depletion and amortization$139,194
IX-23 Insurance$35,416
IX-24 Other expenses (24a–d)$714,575
IX-25 Total functional expenses$6,209,413
Part X · Balance sheet $149,412,821 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,236,636$1,275,013
X-2 Savings and temporary cash investmentsStart of year $11,234,105$15,955,194
X-7 Notes and loans receivableStart of year $91,088,821$88,331,589
X-9 Prepaid expenses and deferred chargesStart of year $643,222$496,492
X-10c Land, buildings and equipment, netStart of year $4,614,988$4,597,872
X-11 Publicly traded securitiesStart of year $5,263,516$13,879,179
X-12 Other securitiesStart of year $13,487,799$14,839,723
X-13 Program-related investmentsStart of year $1,042,495$1,042,495
X-15 Other assetsStart of year $8,585,286$8,995,264
X-16 Total assetsStart of year $137,196,868$149,412,821
X-17 Accounts payable and accrued expensesStart of year $1,101,468$1,071,506
X-25 Other liabilitiesStart of year $121,251,232$133,225,954
X-26 Total liabilitiesStart of year $122,352,700$134,297,460
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $14,844,168$15,115,361
X-32 Total net assets or fund balancesStart of year $14,844,168$15,115,361
X-33 Total liabilities and net assetsStart of year $137,196,868$149,412,821
Part XI · Reconciliation of net assets $15,115,361 net assets at year end
XI-1 Total revenue$6,599,673
XI-2 Total expenses$6,209,413
XI-3 Revenue less expenses$390,260
XI-4 Net assets at start of year$14,844,168
XI-5 Net unrealized gains (losses) on investments−$119,067
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,115,361

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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