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719 Emerald Credit Union

Not tax-deductible

Garfield Heights, OHMutual-benefit / member-servingSince 1955Mutual / membership EIN 34-0835818Revenue $1.8M in FY2025

On file with the IRSemeraldgcu.com13201 Granger Rd, 44125-1978 · Garfield Heights, OHTax-exempt since Apr 1969

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To provide lending, savings, and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service-based emphasis that recognizes the members' status as owners.

Run by 6 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 6
filings with a surplus
Average deficit $21K a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$261K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Plus $11.0M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$29.3M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-13% vs prior year
Spent
$2.1M
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$1.8M
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.0M
FY2022$2.3M
FY2023$2.2M
FY2024$2.1M
FY2025$1.8M
Expenses
$2.1M
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.0M
FY2022$1.8M
FY2023$2.1M
FY2024$2.1M
FY2025$2.1M
Net assets
$3.0M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.0M
FY2022$3.5M
FY2023$3.3M
FY2024$3.3M
FY2025$3.0M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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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; $261K paid to officers and key staff.

Part VII, Section A · reportable compensation
$123,810Pt VII · Sec A
$70,807Pt VII · Sec A
$65,895Pt VII · Sec A
$0Pt VII · Sec A
Rob Routson
Director
$0Pt VII · Sec A
Betty Royce
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lindsay Andexler$123,810$115,431$78,174$77,690$75,343$78,566
Wendy Driver——$106,131$106,978$98,513$102,881
Bonnie Gall$70,807$69,427$68,942$69,314$66,958$70,875
Jeff Lanzen$65,895$64,891$63,678$66,707$65,162$69,239

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.

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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
  • Loans to or from officersSch L · Pt II7 listed

Programs and updates

Offers better financial services and savings options to qualifying members who are also owners.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members.

Pt IX · col B
02

Dividends and interest paid to members on approximately 6,457 deposit accounts held by approximately 3,474 members.

Pt IX · col B
03

Provision for loan loss expense for member loans.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Ohio Credit Union FoundationFY2023$26K
Total grants receivedfrom 1 funder$26K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$88K
Investment incomeLn 3$71K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$32.2M
LiabilitiesLn 26$29.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Government grantsLn 1e$88K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$71K
Other incomeLn 4–11$75
Gains on assetsLn 7−$270K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
InvestmentsLn 11–13$11.0M
Land, buildings, equipmentLn 10c$41K
Other assetsLn 15$2.0M
Total assetsLn 16$32.2M
LiabilitiesLn 26$29.3M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 513
VolunteersI 66
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 FY25End FY25
Cash and savingsLn 1–2$127K$217K
InvestmentsLn 11–13$10.8M$11.0M
Land, buildings, equipmentLn 10c$539K$41K
Total assetsLn 16$33.9M$32.2M
LiabilitiesLn 26$30.7M$29.3M
Net assetsLn 32$3.3M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$112K
Pay of current officers, directors and key staffLn 5$261K
Other salaries and wagesLn 7$459K
Other employee benefitsLn 9$73K
Payroll taxesLn 10$55K
Legal feesLn 11b$2K
Accounting feesLn 11c$32K
Other fees for servicesLn 11g$294K
Advertising and promotionLn 12$35K
Office expensesLn 13$66K
Information technologyLn 14$177K
OccupancyLn 16$89K
TravelLn 17$2K
Conferences, conventions and meetingsLn 19$1K
InterestLn 20$18
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$27K
Other expenses (24a–d)Ln 24$353K
All other expensesLn 24e$40K
Total functional expensesLn 25$2.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.8M$2.1M−$308K$3.0M 990 PDF
FY2024 $2.1M$2.1M−$41K$3.3M 990 PDF
FY2023 $2.2M$2.1M$79K$3.3M 990 PDF
FY2022 $2.3M$1.8M$501K$3.5M 990 PDF
FY2021 $2.0M$2.0M−$5K$3.0M 990 PDF
FY2020 $2.2M$2.5M−$351K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,779,459 revenue, 12 lines filed
I-8 Contributions and grants$87,798
I-9 Program service revenuePrior year $1,728,808$1,620,223
I-10 Investment incomePrior year $318,412$71,363
I-11 Other revenuePrior year $6,750$75
I-12 Total revenuePrior year $2,053,970$1,779,459
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $112,878$111,919
I-15 Salaries and benefitsPrior year $842,756$847,134
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,139,545$1,128,706
I-18 Total expensesPrior year $2,095,179$2,087,759
I-19 Revenue less expensesPrior year −$41,209−$308,300
Part VI · Governance 6 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
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 $1,779,459 across 7 lines filed
VIII-1e Government grants$87,798
VIII-1h Total contributions, gifts and grants$87,798
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,620,223$1,620,223
VIII-3 Investment incomeExcluded from tax $341,011$341,011
VIII-7 Net gain or loss on sales of assetsRelated to mission −$269,648−$269,648
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $75$75
VIII-12 Total revenueRelated to mission $1,350,575 · Excluded from tax $341,086$1,779,459
Part IX · Statement of functional expenses $2,087,759 across 19 lines filed
IX-4 Benefits paid to or for members$111,919
IX-5 Pay of current officers, directors and key staff$260,512
IX-7 Other salaries and wages$458,955
IX-9 Other employee benefits$72,828
IX-10 Payroll taxes$54,839
IX-11b Legal fees$2,200
IX-11c Accounting fees$32,267
IX-11g Other fees for services$294,354
IX-12 Advertising and promotion$35,470
IX-13 Office expenses$65,563
IX-14 Information technology$177,076
IX-16 Occupancy$88,912
IX-17 Travel$1,967
IX-19 Conferences, conventions and meetings$1,350
IX-20 Interest$18
IX-22 Depreciation, depletion and amortization$9,072
IX-23 Insurance$26,876
IX-24 Other expenses (24a–d)$353,214
IX-24e All other expenses$40,367
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,087,759
Part X · Balance sheet $32,238,605 assets, 14 lines filed
Asset lines not itemized here account for $18,697,211; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $126,577$217,272
X-4 Accounts receivableStart of year $64,700$135,664
X-9 Prepaid expenses and deferred chargesStart of year $25,943$54,928
X-10c Land, buildings and equipment, netStart of year $539,011$41,352
X-11 Publicly traded securitiesStart of year $26,858$12,293
X-12 Other securitiesStart of year $10,387,437$10,633,591
X-13 Program-related investmentsStart of year $402,638$402,638
X-15 Other assetsStart of year $907,957$2,043,656
X-16 Total assetsStart of year $33,932,146$32,238,605
X-17 Accounts payable and accrued expensesStart of year $412,893$688,085
X-25 Other liabilitiesStart of year $30,238,815$28,573,848
X-26 Total liabilitiesStart of year $30,651,708$29,261,933
X-32 Total net assets or fund balancesStart of year $3,280,438$2,976,672
X-33 Total liabilities and net assetsStart of year $33,932,146$32,238,605
Part XI · Reconciliation of net assets $2,976,672 net assets at year end
XI-1 Total revenue$1,779,459
XI-2 Total expenses$2,087,759
XI-3 Revenue less expenses−$308,300
XI-4 Net assets at start of year$3,280,438
XI-5 Net unrealized gains (losses) on investments$4,534
XI-10 Net assets at end of year$2,976,672

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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