Bse Credit Union FY2022 filing

Not tax-deductible

Cleveland, OHMutual-benefit / member-servingSince 1955Mutual / membership EIN 34-0826014Revenue $621K in FY2022Latest return filed May 11, 2026

On file with the IRSCleveland, OHTax-exempt since Apr 1969

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

$172K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
$172K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
41 mo
of spending, in cash
Plus $11.2M in investments, Pt X · Ln 11–13
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.3M
92% of total assets
Concern: liabilities are 92% 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
$621K
-1% vs prior year
Spent
$669K
To programs
0%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$621K
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$628K
FY2022$621K
FY2023$705K
FY2024$747K
FY2025$799K
Expenses
$669K
FY2022▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$678K
FY2021$664K
FY2022$669K
FY2023$657K
FY2024$685K
FY2025$759K
Net assets
$1.5M
FY2022▼ -3%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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

8 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former CEO
$96,731Pt VII · Sec A
CEO/Treasurer
$75,664Pt 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 →

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

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2 programs · in their own filed words · FY2022
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 2022 was 1,279.

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 2022 was 2,526.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$621K
Ln 12
Fees for servicesLn 2g$471K
Investment incomeLn 3$150K
Money outPt IX
$669K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$19.9M
LiabilitiesLn 26$18.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$471K
Investment incomeLn 3$150K
Gains on assetsLn 7$0
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.3M
Notes and loans receivableLn 7$5.9M
Prepaid expenses and deferred chargesLn 9$16K
Land, buildings, equipmentLn 10c$151K
InvestmentsLn 11–13$11.2M
Other assetsLn 15$259K
Total assetsLn 16$19.9M
LiabilitiesLn 26$18.3M
Net assetsLn 32$1.5M
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 FY22End FY22
Cash and savingsLn 1–2$3.4M$2.3M
InvestmentsLn 11–13$10.9M$11.2M
Land, buildings, equipmentLn 10c$151K$151K
Total assetsLn 16$20.1M$19.9M
LiabilitiesLn 26$18.5M$18.3M
Net assetsLn 32$1.6M$1.5M
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$178K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$86K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$45K
Payroll taxesLn 10$20K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$28K
Advertising and promotionLn 12$24K
Office expensesLn 13$78K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$42K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$6K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$8K
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$126K
All other expensesLn 24e$9K
Total functional expensesLn 25$669K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 11, 2026 $799K$759K$40K$1.7M 990 PDF
FY2024Filed with the IRS May 7, 2025 $747K$685K$62K$1.6M 990 PDF
FY2023Filed with the IRS May 12, 2024 $705K$657K$49K$1.6M 990 PDF
FY2022 ViewingFiled with the IRS May 3, 2023 $621K$669K−$48K$1.5M 990 PDF
FY2021Filed with the IRS May 15, 2022 $628K$664K−$36K$1.6M 990 PDF
FY2020Filed with the IRS Apr 6, 2021 $723K$678K$45K$1.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $620,736 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $496,710$470,833
I-10 Investment incomePrior year $131,144$149,903
I-11 Other revenue$0
I-12 Total revenuePrior year $627,854$620,736
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $351,479$327,768
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $312,852$340,980
I-18 Total expensesPrior year $664,331$668,748
I-19 Revenue less expensesPrior year −$36,477−$48,012
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 $620,736 across 8 lines filed
Lines not itemized here account for $5,657 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 $458,625 · Unrelated business $6,551$465,176
VIII-3 Investment incomeRelated to mission $149,903$149,903
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 $614,185 · Unrelated business $6,551$620,736
Part IX · Statement of functional expenses $668,748 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$177,619
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$85,702
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$44,702
IX-10 Payroll taxes$19,745
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$9,228
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$28,351
IX-12 Advertising and promotion$23,798
IX-13 Office expenses$77,802
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$41,839
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$5,985
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$8,374
IX-23 Insurance$9,782
IX-24 Other expenses (24a–d)$126,450
IX-24e All other expenses$9,371
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$668,748
Part X · Balance sheet $19,850,943 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $192,785$92,377
X-2 Savings and temporary cash investmentsStart of year $3,247,835$2,191,654
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivableStart of year $5,375,815$5,945,628
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $21,445$15,739
X-10c Land, buildings and equipment, netStart of year $151,194$151,181
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $10,895,513$11,195,510
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $228,189$258,854
X-16 Total assetsStart of year $20,112,776$19,850,943
X-17 Accounts payable and accrued expensesStart of year $215,439$213,492
X-25 Other liabilitiesStart of year $18,300,075$18,088,201
X-26 Total liabilitiesStart of year $18,515,514$18,301,693
X-31 Retained earnings or endowmentStart of year $1,597,262$1,549,250
X-32 Total net assets or fund balancesStart of year $1,597,262$1,549,250
X-33 Total liabilities and net assetsStart of year $20,112,776$19,850,943
Part XI · Reconciliation of net assets $1,549,250 net assets at year end
XI-1 Total revenue$620,736
XI-2 Total expenses$668,748
XI-3 Revenue less expenses−$48,012
XI-4 Net assets at start of year$1,597,262
XI-10 Net assets at end of year$1,549,250

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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