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Nonprofit · EIN 31-0627742

SHAREFAX CREDIT UNION INC

Tax-exempt · CINCINNATI, OH 45245

Financials

$22.2M$20.9M2023$26.6M$25.4M2024
Revenue Expenses · by fiscal year end
Financials of SHAREFAX CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$26,557,563$25,417,323$1,140,240$507,293,391$1,514,138$505,779,253
December 31, 2023990$22,202,217$20,903,477$1,298,740$504,681,218$1,935,783$502,745,435
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$18,546,321
Investment income
$2,747,977
Other revenue
$5,263,265

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$5,198,753
Salaries, compensation and benefits (total)
$6,068,567
Professional fundraising fees
$0
Legal fees
$92,614
Accounting fees
$44,649
Occupancy
$841,356
Travel
$16,983
Depreciation
$161,412

Balance sheet and other

Total assets, start of year
$504,681,218
Total assets, end of year
$507,293,391
Total liabilities, end of year
$1,514,138
Net assets, end of year
$505,779,253
Land, buildings and equipment
$13,003,391
Publicly traded securities
$858,300
Gross unrelated business income
$34,997
Gross receipts
$26,557,563
Employees
112
Volunteers
0
Year formed
1960
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TODD CAINPRESIDENT/CEO
Officer
40$350,578$26,098
MARGARET MOFFITTVP OF OPERATIONS
Highest-paid employee
40$148,145$26,040
CARL FITECIO
Officer
40$150,804$15,141
COLLEEN CORCORAHNVP OF BRANCH OPERATIONS
Highest-paid employee
40$128,191$20,189
REBECCA JESTERVP OF ACCOUNTING
Highest-paid employee
40$122,516$19,843
PATRICK WOHLFROMVP OF MEMBER SERVICES/RISK
Highest-paid employee
40$123,829$14,249
BRETT GUIDOMORTGAGE LENDING MANAGER
Highest-paid employee
40$107,077$11,500
DENNIS MESSERDIRECTOR
Trustee or director
1$0$0
DANIEL MURPHYVICE-CHAIRPERSON
Trustee or director
1$0$0
SUSAN S OCHSTREASURER
Trustee or director
1$0$0
TYRONE UGARTEDIRECTOR
Trustee or director
1$0$0
MARK FOXSECRETARY
Trustee or director
1$0$0
DAVID AARONSONCHAIRPERSON
Trustee or director
1$0$0
CHARLES HERTLEIN JRDIRECTOR
Trustee or director
1$0$0
DEBORAH JOHNSONDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
TODD CAINPRESIDENT/CEO
Officer
40$277,018$7,805
CARRIE COXCFO (FORMER)
Former
40$153,471$10,065
MARGARET MOFFITTVP OPERATIONS
Highest-paid employee
40$145,245$12,533
CARL FITEVP INFORMATION SYSTEM
Highest-paid employee
40$147,901$7,354
DENNIS MESSERDIRECTOR
Trustee or director
1$0$0
DANIEL MURPHYVICE-CHAIRPERSON
Trustee or director
1$0$0
C DAVID TAYLORDIRECTOR
Trustee or director
1$0$0
SUSAN S OCHSTREASURER
Trustee or director
1$0$0
TYRONE UGARTEDIRECTOR
Trustee or director
1$0$0
MARK FOXSECRETARY
Trustee or director
1$0$0
DAVID AARONSONCHAIRPERSON
Trustee or director
1$0$0
CHARLES HERTLEIN JRDIRECTOR
Trustee or director
1$0$0
DEBORAH JOHNSONDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
604 IVY GTWY, CINCINNATI, OH 45245-2556
In care of
% TODD CAIN
Principal officer (990 for 2024)
TODD CAIN, 604 IVY GATEWAY, CINCINNATI, OH 45245
Signed the 990
TODD CAIN, PRESIDENT/CEO
Phone
(513) 753-2440
990-N for 2007 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Nicole Haake, 3620 Dunlop Court, Mason OH 45040. Mailing address: 3620 Dunlop Court, Mason OH 45040.
Return prepared by
WHITMER & COMPANY CPAS LLP

Mission

WE ARE A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL INSTITUTION. OUR MISSION: WE ARE A COOPERATIVE FORMED FOR THE SOLE PURPOSE OF IMPROVING THE FINANCIAL WELLBEING OF OUR MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THIS IS NOT APPLICABLE TO THE CREDIT UNION.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-0627742
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$507,293,391
Income (IRS master file)
$26,557,563

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$26,557,563$25,417,323$507,293,391IRS
990December 2023$22,202,217$20,903,477$504,681,218XML
990December 2022$18,157,504$16,363,570$514,929,234IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2007
Officer: Nicole Haake
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2007≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0627742).

Questions about SHAREFAX CREDIT UNION INC

What is the EIN of SHAREFAX CREDIT UNION INC?
The employer identification number (EIN) of SHAREFAX CREDIT UNION INC is 31-0627742.
Is SHAREFAX CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to SHAREFAX CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SHAREFAX CREDIT UNION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SHAREFAX CREDIT UNION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SHAREFAX CREDIT UNION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SHAREFAX CREDIT UNION INC?
The 990 for the year ended December 31, 2024 names TODD CAIN.
Who are the officers and directors of SHAREFAX CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 15 people; 7 received compensation from the organization, the highest $350,578 (TODD CAIN, PRESIDENT/CEO).
How much revenue does SHAREFAX CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $26,557,563, expenses of $25,417,323 and total assets of $507,293,391 at year end.

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