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Nonprofit · EIN 34-0746485

27 BUCKEYE STATE CREDIT UNION INC

Tax-exempt · AKRON, OH 44311

Financials

$11.8M$10.4M2023$12.2M$11.4M2024
Revenue Expenses · by fiscal year end
Financials of 27 BUCKEYE STATE CREDIT UNION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$12,167,229$11,361,425$805,804$144,110,523$129,536,796$14,573,727
December 31, 2023990$11,803,550$10,446,572$1,356,978$142,146,053$128,305,267$13,840,786
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$784,206
of which government grants
$784,206
Program service revenue
$9,109,643
Investment income
$1,571,551
Net gain from sales of assets
$150,898
Other revenue
$701,829

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$739,786
Other salaries and wages
$2,880,942
Salaries, compensation and benefits (total)
$4,467,276
Professional fundraising fees
$0
Occupancy
$390,651
Travel
$80,649
Depreciation
$257,509

Balance sheet and other

Total assets, start of year
$142,146,053
Total assets, end of year
$144,110,523
Total liabilities, end of year
$129,536,796
Net assets, end of year
$14,573,727
Land, buildings and equipment
$6,781,371
Gross unrelated business income
$127,846
Gross receipts
$12,167,229
Employees
101
Volunteers
6
Year formed
1933
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
MICHAEL ABERNATHYCEO
Trustee or director, Officer
40$281,686$18,797
DEANA ALLENCOO
Officer
40$156,450$7,231
DAN PERRYCSO
Officer
40$127,315$12,044
BRAD RILEYCFO
Officer
40$129,508$6,755
JAMES HARTMANDIRECTOR
Trustee or director
2$0$0
DAVID NEROPRESIDENT
Trustee or director, Officer
2$0$0
JOHN WEAVERTREASURER
Trustee or director, Officer
2$0$0
MIKE WILLIAMSVICE PRESIDENT
Trustee or director, Officer
2$0$0
CAROLE ANTHONYSECRETARY
Trustee or director, Officer
2$0$0
WALTER SIMMONSDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL ABERNATHYCEO
Trustee or director, Officer
40$273,767$22,486
DEANA ALLENCOO
Officer
40$152,169$8,012
BRAD RILEYCFO
Officer
40$129,201$12,401
DAN PERRYCRO
Officer
40$127,177$14,256
JAMES HARTMANDIRECTOR
Trustee or director
2$0$0
DAVID NEROPRESIDENT
Trustee or director, Officer
2$0$0
JOHN WEAVERTREASURER
Trustee or director, Officer
2$0$0
MIKE WILLIAMSVICE PRESIDENT
Trustee or director, Officer
2$0$0
CAROLE ANTHONYSECRETARY
Trustee or director, Officer
2$0$0
WALTER SIMMONSDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
197 E THORNTON ST, AKRON, OH 44311-1537
Principal officer (990 for 2024)
MICHAEL ABERNATHY, 197 E THORNTON STREET, AKRON, OH 44311
Signed the 990
BRAD RILEY, CFO
Phone
(330) 253-9197
Return prepared by
MALONEY NOVOTNY LLC

Mission

SEE SCHEDULE O. TO ENCOURAGE SAVINGS AND MAKING LOANS AT COMPETITIVELY LOW INTEREST RATES. THE CREDIT UNION STRIVES TO PROVIDE THE HIGHEST LEVEL OF PERSONAL SERVICE IN A COURTEOUS AND PROFESSIONAL MANNER AND TO TREAT ALL INDIVIDUALS FAIRLY AND WITH DIGNITY. THE CREDIT UNION HOLDS SAFETY AND SOUNDNESS TO BE OF HIGH IMPORTANCE, PLEDGES TO SAFEGUARD THE ASSETS, PLACES A HIGH IMPORTANCE ON CONSUMER EDUCATION AND LOOKS FOR BETTER WAYS TO REACH OUT TO THE UNDER-SERVED IN THE MEMBERSHIP FIELD. IN ADDITION, THE CREDIT UNION PROMISES TO COMMUNICATE ITS SERVICES TO ITS MEMBERS IN A MEANINGFUL WAY SO THAT THEY WILL UNDERSTAND AND APPRECIATE THE UNIQUE ROLL THAT IT PLAYS IN THEIR LIVES. FINALLY, THE CREDIT UNION PLEDGES TO PRESERVE AND PROTECT THE PRIVACY AND CONFIDENTIALITY OF ALL MEMBER FINANCIAL RECORDS AND TRANSACTIONS AND TO PROVIDE THE MEMBERS WITH COMPLETE AND ACCURATE INFORMATION CONCERNING THEIR RIGHTS AS SAVERS AND BORROWERS.

990 for the year ended December 31, 2024

Program accomplishments

  • MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS.
  • DEPOSITORY ACCOUNTS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF DEPOSITORY ACCOUNTS. THE CREDIT UNION ALSO PROVIDES ITS MEMBERS WITH THE ALLOWANCE OF A DEBIT CARD AND LOGGED THOUSANDS OF TRANSACTIONS DURING THE YEAR. MEMBER SERVICES, INCLUDING INTERNET BANKING AND BILL PAY PROVIDE MEMBERS WITH THE FASTEST AND SAFEST WAYS OF TRANSACTING BUSINESS. THIS INCLUDES OVERDRAFT PROTECTION TO ASSIST MEMBERS WITH SERVICES TO AVOID UNWANTED FEES.

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
34-0746485
Tax-exempt status
501(c)(14): State-chartered credit union
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$144,110,523
Income (IRS master file)
$12,167,229

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$12,167,229$11,361,425$144,110,523XML
990December 2023$11,803,550$10,446,572$142,146,053XML
990December 2022$10,887,397$9,389,132$138,744,646IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 34-0746485).

Questions about 27 BUCKEYE STATE CREDIT UNION INC

What is the EIN of 27 BUCKEYE STATE CREDIT UNION INC?
The employer identification number (EIN) of 27 BUCKEYE STATE CREDIT UNION INC is 34-0746485.
Is 27 BUCKEYE STATE CREDIT UNION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
Which annual return does 27 BUCKEYE STATE 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 27 BUCKEYE STATE 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 27 BUCKEYE STATE 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 27 BUCKEYE STATE CREDIT UNION INC?
The 990 for the year ended December 31, 2024 names MICHAEL ABERNATHY.
Who are the officers and directors of 27 BUCKEYE STATE CREDIT UNION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $281,686 (MICHAEL ABERNATHY, CEO).
How much revenue does 27 BUCKEYE STATE CREDIT UNION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $12,167,229, expenses of $11,361,425 and total assets of $144,110,523 at year end.

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