Edison Credit Union

Kansas City, MOUnknown exempt organization EIN 44-0663838Revenue $1.4M in FY2023Latest return filed May 14, 2024

On file with the IRSedisoncu.comKansas City, MO

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To provide high quality financial services for our members/owners, enhancing their financial well-being while maintaining the financial strength of the Credit Union.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 44-0663838) · Dispute this line
Run by 9 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $74K a year · 5% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$693K
to officers and key staff · 53% of spending
Pay to officers and key staff is 53% of spending.
Part VII, Section A
41.7 mo
of spending, in cash
Plus $6.9M in investments, Pt X · Ln 11–13
41.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28.8M
90% of total assets
Liabilities are 90% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
+7% vs prior year
Spent
$1.3M
Net assets
$3.4M
By yearFY2020–FY2023
Revenue
$1.4M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.3M
FY2023$1.4M
Expenses
$1.3M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.4M
FY2023$1.3M
Net assets
$3.4M
FY2023▲ +0.7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.4M
FY2022$3.3M
FY2023$3.4M

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Who runs it and what they're paid

17 people listed on the 990; $693K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$431,377Pt VII · Sec A
Vice President, Lending
$152,697Pt VII · Sec A
$108,527Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020
Salvatore Nuccio$108,527$108,982$306,073$105,490
Gary Boulware$152,697———

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 Edison 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 15aNo

Programs and updates

Offers members high-quality financial services to improve their well-being and strengthen the credit union.

Questions for Edison Credit Union

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4 programs · in their own filed words · FY2023
01

Provides a source of credit to members at a fair and reasonable rate of interest. As of december 31, 2023, there were 766 loans outstanding totaling $19,474,049.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 44-0663838) · Dispute this line
Pt IX · Ln 25 · col B
02

Provides a source of credit to members at a fair and reasonable rate of interest. As of june 30, 2024, there were 719 loans outstanding totaling $18,923,349.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 44-0663838) · Dispute this line
Pt IX · Ln 25 · col B
03

Provides financial and financially related services to 3,178 members.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 44-0663838) · Dispute this line
Pt IX · Ln 25 · col B
04

Provides financial and financially related services to 3,256 members.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 44-0663838) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$160K
Other incomeLn 4–11$9K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$32.1M
LiabilitiesLn 26$28.8M
PeoplePt VI, VII
17
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$160K
Other incomeLn 4–11$9K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$4.5M
Total assetsLn 16$32.1M
LiabilitiesLn 26$28.8M
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 58
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS May 14, 2024 $1.4M$1.3M$81K$3.4M 990 PDF
FY2022Filed with the IRS May 12, 2023 $1.3M$1.4M−$56K$3.3M 990 PDF
FY2021Filed with the IRS Jun 8, 2022 $1.4M$1.2M$170K$3.4M 990 PDF
FY2020Filed with the IRS May 27, 2021 $1.4M$1.3M$102K$3.2M 990 PDF

Schedules filed Part IV

J · Pay O · Explanations
See the full FY2023 990
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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