Bse Credit Union FY2020 filing

Not tax-deductible

Cleveland, OHMutual-benefit / member-servingSince 1955Mutual / membership EIN 34-0826014Revenue $723K in FY2020

On file with the IRS19249 Bagley Rd, 44130-3315 · Cleveland, OHTax-exempt since Apr 1969

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Bse Credit union's mission is to provide superior service and the best possible rates to members while maintaining a sound financial institution.

$109K 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
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $19K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
65 mo
of spending, in cash
Plus $7.4M in investments, Pt X · Ln 11–13
Looks good: 65.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16.2M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$723K
Spent
$678K
To programs
0%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$723K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$628K
FY2022$621K
FY2023$705K
FY2024$747K
FY2025$799K
Expenses
$678K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$678K
FY2021$664K
FY2022$669K
FY2023$657K
FY2024$685K
FY2025$759K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.5M
FY2023$1.6M
FY2024$1.6M
FY2025$1.7M

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

990 PDF Claim
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

7 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
Sec/Treas/CEO
$108,593Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Drema Braun———$96,731$112,903$108,593
Diana L Larsen$103,311$98,028$87,586$75,664——

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 Bse Credit Union executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 members superior service and the best rates while staying financially strong.

Questions for Bse Credit Union

Tap to ask. Bse Credit Union sees how many people are interested.

Your first name shows with your question. Bse Credit Union answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · in their own filed words · FY2020
01

The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding as of 2020 was 1,347.

Pt IX · col B
02

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members as of 2020 was 2,659.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$723K
Ln 12
Fees for servicesLn 2g$553K
Investment incomeLn 3$170K
Money outPt IX
$678K
Ln 25
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$17.8M
LiabilitiesLn 26$16.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$553K
Investment incomeLn 3$170K
Gains on assetsLn 7$0
Total revenueLn 12$723K
Assets in detailPt X, end of year
CashLn 1$262K
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$7.4M
Land, buildings, equipmentLn 10c$158K
Other assetsLn 15$208K
Total assetsLn 16$17.8M
LiabilitiesLn 26$16.2M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$3.4M$3.7M
InvestmentsLn 11–13$6.0M$7.4M
Land, buildings, equipmentLn 10c$162K$158K
Total assetsLn 16$16.2M$17.8M
LiabilitiesLn 26$14.6M$16.2M
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
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$0
Pay of current officers, directors and key staffLn 5$124K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$180K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$39K
Payroll taxesLn 10$22K
Management feesLn 11a$0
Legal feesLn 11b$200
Accounting feesLn 11c$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$30K
Office expensesLn 13$73K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$38K
TravelLn 17$179
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$118K
All other expensesLn 24e$19K
Total functional expensesLn 25$678K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $799K$759K$40K$1.7M 990 PDF
FY2024 $747K$685K$62K$1.6M 990 PDF
FY2023 $705K$657K$49K$1.6M 990 PDF
FY2022 $621K$669K−$48K$1.5M 990 PDF
FY2021 $628K$664K−$36K$1.6M 990 PDF
FY2020 Viewing $723K$678K$45K$1.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $723,109 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $641,155$552,809
I-10 Investment incomePrior year $201,966$170,300
I-11 Other revenue$0
I-12 Total revenuePrior year $843,121$723,109
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $388,003$365,490
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $344,444$312,342
I-18 Total expensesPrior year $732,447$677,832
I-19 Revenue less expensesPrior year $110,674$45,277
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $723,109 across 8 lines filed
Lines not itemized here account for $337 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $545,248 · Unrelated business $7,224$552,472
VIII-3 Investment incomeRelated to mission $170,300$170,300
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $715,885 · Unrelated business $7,224$723,109
Part IX · Statement of functional expenses $677,832 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$124,497
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$179,953
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$38,615
IX-10 Payroll taxes$22,425
IX-11a Management fees$0
IX-11b Legal fees$200
IX-11c Accounting fees$7,707
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$30,307
IX-13 Office expenses$72,633
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$37,987
IX-17 Travel$179
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$4,674
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$9,477
IX-23 Insurance$12,103
IX-24 Other expenses (24a–d)$117,777
IX-24e All other expenses$19,298
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$677,832
Part X · Balance sheet $17,804,739 assets, 18 lines filed
Asset lines not itemized here account for $6,385,589; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $93,021$261,575
X-2 Savings and temporary cash investmentsStart of year $3,277,065$3,422,705
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $7,401$5,176
X-10c Land, buildings and equipment, netStart of year $162,250$157,814
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $6,024,612$7,363,817
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $219,733$208,063
X-16 Total assetsStart of year $16,155,068$17,804,739
X-17 Accounts payable and accrued expensesStart of year $183,921$202,451
X-25 Other liabilitiesStart of year $14,382,685$15,968,549
X-26 Total liabilitiesStart of year $14,566,606$16,171,000
X-32 Total net assets or fund balancesStart of year $1,588,462$1,633,739
X-33 Total liabilities and net assetsStart of year $16,155,068$17,804,739
Part XI · Reconciliation of net assets $1,633,739 net assets at year end
XI-1 Total revenue$723,109
XI-2 Total expenses$677,832
XI-3 Revenue less expenses$45,277
XI-4 Net assets at start of year$1,588,462
XI-10 Net assets at end of year$1,633,739

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.