Civic Intelligence

0632 Whitewater Community Credit Union Inc

EIN 31-0597307 • 501(c)14 • Harrison, OH

Profile

The goal of Whitewater Community Credit Union is to progressively serve members while maintaining financial integrity and stability.

1157 Harrison AvenueHarrison, OH 45030-1523

www.whitewaterccu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

18.70x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2022

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

5.2%

Faster asset growth than 83% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

501(c)14 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$11,825,144

Up $30,787 (+0.3%) from 2023

Liabilities

Down

$10,751,124

Down $69,929 (-0.6%) from 2023

Net Assets

Up

$1,074,020

Up $100,716 (+10%) from 2023

Revenue

Up

$803,264

Up $81,869 (+11%) from 2023

Expenses

Up

$702,548

Up $78,555 (+13%) from 2023

Net Income

Up

$100,716

Up $3,314 (+3.4%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2016: $6,831,822Liabilities 2016: $6,154,589Net Assets 2016: $677,2332016Assets 2017: $7,554,048Liabilities 2017: $6,908,743Net Assets 2017: $645,3052017Assets 2018: $8,245,859Liabilities 2018: $7,526,979Net Assets 2018: $718,8802018Assets 2019: $8,239,777Liabilities 2019: $7,489,242Net Assets 2019: $750,5352019Assets 2020: $9,773,872Liabilities 2020: $9,011,364Net Assets 2020: $762,5082020Assets 2021: $11,073,891Liabilities 2021: $10,288,854Net Assets 2021: $785,0372021Assets 2022: $11,653,516Liabilities 2022: $10,777,614Net Assets 2022: $875,9022022Assets 2023: $11,794,357Liabilities 2023: $10,821,053Net Assets 2023: $973,3042023Assets 2024: $11,825,144Liabilities 2024: $10,751,124Net Assets 2024: $1,074,0202024

Highlighted filing

2024

Assets$11,825,144
Liabilities$10,751,124
Net Assets$1,074,020

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $467,494Expenses 2016: $458,018Net Income 2016: $9,4762016Revenue 2017: $474,517Expenses 2017: $506,445Net Income 2017: -$31,9282017Revenue 2018: $563,561Expenses 2018: $489,987Net Income 2018: $73,5742018Revenue 2019: $570,101Expenses 2019: $538,446Net Income 2019: $31,6552019Revenue 2020: $508,894Expenses 2020: $496,921Net Income 2020: $11,9732020Revenue 2021: $494,357Expenses 2021: $470,000Net Income 2021: $24,3572021Revenue 2022: $576,207Expenses 2022: $485,342Net Income 2022: $90,8652022Revenue 2023: $721,395Expenses 2023: $623,993Net Income 2023: $97,4022023Revenue 2024: $803,264Expenses 2024: $702,548Net Income 2024: $100,7162024

Highlighted filing

2024

Revenue$803,264
Expenses$702,548
Net Income$100,716

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 23, 2025
Return Version
2024v5.0
Gross Receipts
$803,264
Mission and Program Overview

Mission

The goal of Whitewater Community Credit Union is to progressively serve members while maintaining financial integrity and stability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,712,883$8,375,334▼ $337,549
Investments Other Securities$2,100,000$2,650,000▲ $550,000
Rtn Earn Endowment Incm Other Fnds$973,304$1,074,020▲ $100,716
Savings and Temporary Cash Investments$536,991$311,577▼ $225,414
Receivables From Officers Etc$71,852$126,915▲ $55,063
Cash and Non-Interest-Bearing Accounts$121,031$110,466▼ $10,565
Investments Program Related$58,608$58,608→ $0
Prepaid Expenses and Deferred Charges$27,011$28,475▲ $1,464
Land, Buildings, and Equipment, Net$14,059$9,237▼ $4,822
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,794,357$11,825,144▲ $30,787
Other Assets Total$151,922$154,532▲ $2,610
Liabilities
Other Liabilities$10,805,249$10,725,097▼ $80,152
Accounts Payable and Accrued Expenses$15,804$26,027▲ $10,223
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,821,053$10,751,124▼ $69,929
Net Assets / Fund Balance
Total Net Assets Fund Balance$973,304$1,074,020▲ $100,716
Total Liabilities and Net Assets / Fund Balance$11,794,357$11,825,144▲ $30,787

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,237$120,645$129,882
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Securities$2,650,000--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jenny BowingManager/Board TreasurerFT$90,672$90,672

Board Members and Trustees

NameTitle
Tom PackBoard Chairperson
Karen ReynoldsBoard Vice Chairperson
Stephanie SteffeeBoard Secretary
Russell CreekDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$653,929
Investment Income
$149,335
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$100,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,285
Salaries, Compensation, and Employee Benefits$325,263
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$142,158
Interest---$107,643
Current Officers, Directors, Trustees, and Key Employees---$90,672
Other Employee Benefits---$74,639
Occupancy---$51,307
Office Expenses---$36,134
Information Technology---$31,759
Payroll Taxes---$17,794
Fees for Services Accounting---$11,030
Insurance---$10,537
Fees for Services Other---$9,474
Advertising---$6,871
All Other Expenses---$5,956
Depreciation Depletion---$4,822
Other Expenses---$3,000
Conferences and Meetings---$2,496
Total Functional Expenses$0$0$0$702,548
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$71,852$126,915▲ $55,063
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Shares$5,611,369
Share Certificates$2,388,855
Share Drafts$2,348,427
IRA Shares$376,446
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each individual who qualifies under field of membership criteria and that has a credit union share account is a member of the state-chartered credit union. The credit union is comprised of a single class of approximately 1,629 member-owners. Each member has equal rights in ownership, governance and voting rights at the annual meeting.

Form 990, Part VI, Section A, Line 7A

The board of directors is elected by the member-owners of the credit union at the annual meeting. The board is elected for three-year terms on a rotating basis. Candidates are elected by a simple plurality vote.

Form 990, Part VI, Section B, Line 11B

The board of directors is informed of the filing of Form 990 and related schedules. The report and schedules are available for review upon request.

Form 990, Part VI, Section B, Line 12C

The Conflict of Interest disclosure is reviewed and signed by the board members annually.

Form 990, Part VI, Section B, Line 15

The board of directors approves the manager's compensation. The manager reviews employees performances and completes written evaluations. The manager suggests appropriate wage increases to the board and the rates are approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The credit union's governing documents, financial statements and Conflict of Interest Policy can be reviewed by appointment at the credit union's office during posted business hours upon request. The credit union's quarterly financial statements are posted in the credit union's lobby. The credit union's quarterly NCUA 5300 reports are available for review online at https://www.ncua.gov.

Filing and Contact Details

Filer

Filer Name
0632 Whitewater Community Credit Union Inc
EIN
31-0597307
Phone
5132021306
Address
1157 Harrison Avenue, Harrison, OH 45030-1523

Signing Officer

Name
Jenny Bowling
Title
Treasurer
Phone
5132021308
Signed
2025-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Steffee
Formed
1954
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
1
Employees
4
Volunteers
7

Preparer

Firm
Stoodt's Accounting & Auditing Services
Address
2713 Township Road 182, Bellefontaine, OH 43311
Preparer
Carol Stoodt
Phone
9379353811
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt074639
IRS990/OtherExpensesGrp/Desc0ATM, SD, Online, ACH, Wire-CUSF & Draft Process
IRS990/OtherExpensesGrp/Desc1Visa Card, Loan Servicing, Home Equity Processing
IRS990/OtherExpensesGrp/Desc2League & Association Dues
IRS990/OtherExpensesGrp/Desc3Provision for Loan Losses
IRS990/OtherExpensesGrp/TotalAmt060523
IRS990/OtherExpensesGrp/TotalAmt131068
IRS990/OtherExpensesGrp/TotalAmt24665
IRS990/OtherExpensesGrp/TotalAmt33000
IRS990/OtherLiabilitiesGrp/BOYAmt010805249
IRS990/OtherLiabilitiesGrp/EOYAmt010725097
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0142158
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08712883
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08375334
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt017794
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027011
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028475
IRS990/PrincipalOfficerNm0Stephanie Steffee
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc2Debit Card Income
IRS990/ProgramServiceRevenueGrp/Desc3Misc Income
IRS990/ProgramServiceRevenueGrp/Desc4Share Draft Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0456427
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1142421
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251861
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32862
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0456427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1142421
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251861
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33215
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt3353
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0Loan products offered by the credit union include new and used vehicle loans, recreational vehicle loans, share secured loans, unsecured loans and credit cards. The credit union granted 336 loans in 2024 totaling $3,419,063 at competitive loan rates.
IRS990/ProgSrvcAccomActy3Grp/Desc0The credit union paid competitive dividends on the 1894 share accounts, share certificates and IRA accounts held by the credit union's 1,629 members.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0124643
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0322887
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0596752
IRS990/PYRevenuesLessExpensesAmt097402
IRS990/PYSalariesCompEmpBnftPaidAmt0301106
IRS990/PYTotalExpensesAmt0623993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0721395
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt071852
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0126915
IRS990/ReconcilationRevenueExpnssAmt0100716
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0973304
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01074020
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0536991
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0311577
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt09237
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0120645
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129882
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05611369
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12348427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22388855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3376446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Share Drafts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Share Certificates
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3IRA Shares
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02650000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Primary Financial SimpliCD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09237
IRS990ScheduleD/TotalBookValueSecuritiesAmt02650000
IRS990ScheduleD/TotalLiabilityAmt010725097
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0188
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12628
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2551
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3442
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt411218
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt565450
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt646438
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd51
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd61
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10

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