SEVEN HILLS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE OHIO EDUCATIONAL CREDIT UNION INC, founded in 1933, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 12% surplus.
BUILDING OUR MEMBER'S FINANCIAL FUTURE THROUGH A FULL RANGE OF SUPERIOR FINANCIAL SERVICES, EDUCATION, AND EXCEPTIONAL VALUE.
THE CREDIT UNION PROVIDES ITS MEMBERS WITH CONSUMER LOAN PRODUCTS WHICH INCLUDE VEHICLE, SIGNATURE, CREDIT CARD, AND PRIVATE STUDENT LOANS, IN ADDITION TO INDIRECT VEHICLE LEASES. THE CREDIT UNION...
THE CREDIT UNION PROVIDES ITS MEMBERS WITH CONSUMER LOAN PRODUCTS WHICH INCLUDE VEHICLE, SIGNATURE, CREDIT CARD, AND PRIVATE STUDENT LOANS, IN ADDITION TO INDIRECT VEHICLE LEASES. THE CREDIT UNION ALSO OFFERS REAL ESTATE LOANS TO ITS MEMBERS, INCLUDING FIRST MORTGAGE AND HOME EQUITY LINES OF CREDIT.
THE CREDIT UNION PROVIDES MEMBERS WITH TRANSACTION SHARE ACCOUNT SERVICES, WHICH INCLUDES SHARE DRAFT CHECKING, SHARE SAVINGS AND MONEY MARKET SHARE ACCOUNTS. TRANSACTION SHARE ACCOUNT PRODUCTS...
THE CREDIT UNION PROVIDES MEMBERS WITH TRANSACTION SHARE ACCOUNT SERVICES, WHICH INCLUDES SHARE DRAFT CHECKING, SHARE SAVINGS AND MONEY MARKET SHARE ACCOUNTS. TRANSACTION SHARE ACCOUNT PRODUCTS ENABLE MEMBERS TO CONDUCT THEIR DAY TO DAY FINANCIAL NEEDS WITH CONVENIENT SERVICES OF CASH, DIRECT DEPOSIT, CHECKS, ATMS, DEBIT CARDS, ACH, AUDIO RESPONSE, MOBILE AND ONLINE BANKING WITH BILL PAYMENT.
THE CREDIT UNION PROVIDES TERM SAVINGS PRODUCTS TO ITS MEMBERS, WHICH INCLUDES IRA AND SHARE CERTIFICATES. CERTIFICATE TERMS RANGE FROM THREE MONTHS TO FIVE YEARS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,284,121 | $7,227,495 | +0.1% |
| Expenses | $7,314,419 | $6,642,384 | +0.1% |
| Net Income | $969,702 | $585,111 | +0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TONY H SMITH SR | BOARD PRESIDENT | 10.00 |
Director
|
$1,000 | $0 | $1,000 |
| JACKSON M BOYD | BOARD VICE PRESIDENT | 5.00 |
Director
|
$0 | $0 | $0 |
| MARIO DANESE | BOARD TREASURER | 5.00 |
Director
|
$750 | $0 | $750 |
| MYCHAEL HENDERSON | BOARD SECRETARY | 5.00 |
Director
|
$0 | $0 | $0 |
| MARK BATES | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| ROBERT W DOLAN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| MELODY PATTERSON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| PATRICK J POLEN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| JEROME R VALCO | CEO | 40.00 |
Officer
|
$170,313 | $36,200 | $206,513 |
| SARAH L JANKOVIC | CFO | 40.00 |
Officer
|
$106,931 | $25,466 | $132,397 |
| ANTHONY TOY | CHIEF RETAIL SERVICES OFFI | 40.00 |
Officer
|
$128,694 | $4,975 | $133,669 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $8,284,121 | $7,314,419 | $147,656,900 | $969,702 |
| 2022 | $7,227,495 | $6,642,384 | $155,162,928 | $585,111 |
| 2021 | $6,516,857 | $6,430,629 | $152,807,950 | $86,228 |
| 2020 | $6,640,072 | $6,902,341 | $140,236,699 | $-262,269 |
| 2019 | $7,676,154 | $7,544,636 | $123,225,993 | $131,518 |
| 2018 | $7,298,012 | $7,730,530 | $122,878,179 | $-432,518 |
Compare THE OHIO EDUCATIONAL CREDIT UNION INC with other nonprofits in Ohio and across the country.