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Nonprofit · EIN 34-0711538

1377 EATON FAMILY CREDIT UNION INC

Also known as 1377

Tax-exempt · EUCLID, OH 44123

Financials

$4.4M$4.2M2023$4.8M$4.8M2024$4.9M$4.9M2025
Revenue Expenses · by fiscal year end
Financials of 1377 EATON FAMILY CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$4,911,360$4,868,522$42,838$76,986,794$0$76,986,794
December 31, 2024990$4,812,634$4,767,137$45,497$75,465,726$1,214,414$74,251,312
December 31, 2023990$4,445,715$4,234,273$211,442$79,066,474$4,697,834$74,368,640
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,395,667
Investment income
$518,277
Net rental income
-$2,584
Other revenue
-$2,584

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,127,694
Salaries, compensation and benefits (total)
$1,303,340
Professional fundraising fees
$0
Occupancy
$65,627
Travel
$7,213
Depreciation
$13,501

Balance sheet and other

Total assets, start of year
$75,465,726
Total assets, end of year
$76,986,794
Total liabilities, end of year
$0
Net assets, end of year
$76,986,794
Land, buildings and equipment
$402,838
Net assets without donor restrictions
$76,986,794
Gross unrelated business income
$83,725
Gross receipts
$4,988,145
Employees
30
Volunteers
12
Year formed
1937
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL T LOSNECKTreasurer CEO
Key employee
40$183,169
BRIDGET F LEWISCOO
Key employee
40$104,602
KELLY J SLOCUMCFO
Key employee
40$102,656
MARC MANBURGDirector
Trustee or director
2$0
EVELYEEN PROBERTDirector
Trustee or director
2$0
DORIS YEEDirector
Trustee or director
2$0
CHRISTOPHER JOCHUMDirector
Trustee or director
2$0
SURESH BABUBoard Vice Chair
Officer
2$0
GINA JACKSONChairperson Board
Officer
2$0
MICHELLE FISCHERSecretary
Officer
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
MICHAEL T LOSNECKTreasurer CEO
Highest-paid employee
40$167,734
MARC MANBURGDirector
Trustee or director
2$0
EVELYEEN PROBERTDirector
Trustee or director
2$0
DORIS YEEDirector
Trustee or director
2$0
MICHELLE FISCHERDirector
Trustee or director
2$0
JAMES CAINDirector
Trustee or director
2$0
CHRISTOPHER JOCHUMSecretary
Officer
2$0
SURESH BABUBoard Chair Person
Officer
2$0
GINA JACKSONViceChair
Officer
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
MICHAEL T LOSNECKTreasurer CEO
Highest-paid employee
40$162,876
MARC MANBURGDirector
Trustee or director
2$0
EVELYEEN PROBERTDirector
Trustee or director
2$0
DORIS YEEDirector
Trustee or director
2$0
CHRISTOPHER JOCHUMDirector
Trustee or director
2$0
SURESH BABUBoard Chair Person
Officer
2$0
DWAYNE PETISHSecretary
Officer
2$0
GINA JACKSONVice Chair Person
Officer
2$0
JAMES CAINDirector
Trustee or director
2$0

Address and contacts

Address (IRS master file)
333 BABBITT ROAD, EUCLID, OH 44123-1647
In care of
% MICHAEL LOSNECK
Principal officer (990 for 2025)
GINA S JACKSON, 333 Babbitt Road, Euclid, OH 44123
Signed the 990
MICHAEL LOSNECK, TreasurerCEO
Phone
(216) 920-2000

Mission

Our mission is to be our members preferred source for financial products and services by meeting the growing and changing needs of the membership while maintaining a position of financial strength.

990 for the year ended December 31, 2025

Program accomplishments

  • Direct Employee & Benefit costs incurred while providing savings and deposit services, loan originations and other services in the loan portfolio, while providing account maintenance and assistance to our members.
    Expenses $1,303,340
  • Data processing & information technology ($207,560.18), Network Security and direct program costs; ATM program ($25,781.69), Debit Card program ($164,533.26) VISA program ($171,157.57) BillPay program ($14,167.18) and Shared Branching ($18,484.73) costs incurred recording member account activities and to provide access to our members to their accounts through Homebanking, ATMs, Debit & Credit card programs and in-person transactions at the different branch locations.
    Expenses $601,684
  • Dividends and Interest paid on approximately 16,949 accounts held by approximately 10,931 members.
    Expenses $1,058,824

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-0711538
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)
$76,986,794
Income (IRS master file)
$4,988,145

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$4,911,360$4,868,522$76,986,794IRS
990December 2024$4,812,634$4,767,137$75,465,726IRS
990December 2023$4,445,715$4,234,273$79,066,474XML
990December 2022$3,888,337$2,845,729$76,338,729IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

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 34-0711538).

Questions about 1377 EATON FAMILY CREDIT UNION INC

What is the EIN of 1377 EATON FAMILY CREDIT UNION INC?
The employer identification number (EIN) of 1377 EATON FAMILY CREDIT UNION INC is 34-0711538.
Is 1377 EATON FAMILY CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Are donations to 1377 EATON FAMILY CREDIT UNION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 1377 EATON FAMILY 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 1377 EATON FAMILY CREDIT UNION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 1377 EATON FAMILY CREDIT UNION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of 1377 EATON FAMILY CREDIT UNION INC?
The 990 for the year ended December 31, 2025 names GINA S JACKSON.
Who are the officers and directors of 1377 EATON FAMILY CREDIT UNION INC?
The 990 for the year ended December 31, 2025 lists 10 people; 3 received compensation from the organization, the highest $183,169 (MICHAEL T LOSNECK, Treasurer CEO).
How much revenue does 1377 EATON FAMILY CREDIT UNION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $4,911,360, expenses of $4,868,522 and total assets of $76,986,794 at year end.

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