Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1969.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
8 people listed on the 990; $238K paid to officers and key staff.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Rose Bartolomucci | — | — | $400,297 | $223,865 | $238,388 |
| Michael Sferro | $170,637 | $152,609 | $118,999 | — | — |
| Kathryn Lee | $109,188 | $104,366 | — | — | — |
| Melissa Dawson | $108,396 | $103,571 | — | — | — |
| Jeremy Wascak | $106,483 | $101,357 | — | — | — |
| Edward Schmuhl | $101,883 | — | — | — | — |
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 138 Towpath Credit Union INC 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
Provides quality financial services to residents and approved companies in Summit County.
Questions for 138 Towpath Credit Union INC
Your first name shows with your question. 138 Towpath Credit Union INC answers here, for everyone.
Depository Accounts
The Credit Union strives to provide members with financial flexibility and encourage savings with various types of depository accounts. The Credit Union currently offers depository accounts in varieties such as draft(checking) accounts, savings accounts, money market accounts, certificates of deposit accounts, IRA accounts, Christmas…
Member Loans
The Credit Union strives to provide members with financial flexibility and encourage savings with various types of loans in following categories: automobile loans, share secured loans, unsecured loans, business participation loans, mortgage loans, real estate loans, personal loans, credit cards and various other types.
Debit Card Program
The Credit Union strives to provide members with financial flexibility and encourage savings with the allowance of a debit card.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $15.1M | $31.0M |
| InvestmentsLn 11–13 | $17.3M | $23.7M |
| Land, buildings, equipmentLn 10c | $4.2M | $4.2M |
| Total assetsLn 16 | $131.3M | $155.2M |
| LiabilitiesLn 26 | $113.4M | $136.9M |
| Net assetsLn 32 | $17.9M | $18.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $262K | |||
| Pay of current officers, directors and key staffLn 5 | $238K | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $2.8M | |||
| Pension plan contributionsLn 8 | $160K | |||
| Other employee benefitsLn 9 | $279K | |||
| Payroll taxesLn 10 | $235K | |||
| Management feesLn 11a | $33K | |||
| Legal feesLn 11b | $5K | |||
| Accounting feesLn 11c | $40K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $59K | |||
| Advertising and promotionLn 12 | $58K | |||
| Office expensesLn 13 | $1.2M | |||
| Information technologyLn 14 | $156K | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $381K | |||
| TravelLn 17 | $6K | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $956 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $32K | |||
| Depreciation, depletion and amortizationLn 22 | $290K | |||
| InsuranceLn 23 | $72K | |||
| Other expenses (24a–d)Ln 24 | $746K | |||
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $7.0M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 13, 2025 | $13.6M | $12.6M | $1.0M | $21.2M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $11.6M | $10.6M | $1.0M | $20.2M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $8.9M | $8.4M | $516K | $19.8M | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $7.8M | $7.2M | $551K | $19.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS Nov 11, 2021 | $7.4M | $7.0M | $350K | $18.3M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $7,391,287 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $7,391,287 across 9 lines filed
Part IX · Statement of functional expenses $7,041,391 across 31 lines filed
Part X · Balance sheet $155,193,622 assets, 31 lines filed
Part XI · Reconciliation of net assets $18,264,463 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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