Civic Intelligence

0859 Atrium Credit Union Inc

EIN 31-0622088 • 501(c)14 • Franklin, OH

Profile

To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as owners.

6051 Market Street Suite CFranklin, OH 45005

www.atrium4u.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.91x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

64th percentile

20.62x

Higher debt load relative to revenue than 64% of similar nonprofits.

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

Net Margin

43rd percentile

4.4%

Higher net margin than 43% 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

73rd percentile

2.8%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

96th percentile

37%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$11,095,594

Up $213,712 (+2.0%) from 2023

Liabilities

Up

$9,857,491

Up $131,320 (+1.4%) from 2023

Net Assets

Up

$1,238,103

Up $82,392 (+7.1%) from 2023

Revenue

Up

$594,293

Up $20,987 (+3.7%) from 2023

Expenses

Up

$511,901

Up $30,981 (+6.4%) from 2023

Net Income

Down

$82,392

Down $9,994 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $8,291,700Liabilities 2016: $7,225,243Net Assets 2016: $1,066,4572016Assets 2017: $8,990,920Liabilities 2017: $7,903,869Net Assets 2017: $1,087,0512017Assets 2018: $8,949,478Liabilities 2018: $7,827,375Net Assets 2018: $1,122,1032018Assets 2019: $8,869,550Liabilities 2019: $7,717,968Net Assets 2019: $1,151,5822019Assets 2020: $10,437,573Liabilities 2020: $9,327,194Net Assets 2020: $1,110,3792020Assets 2021: $11,412,128Liabilities 2021: $10,371,558Net Assets 2021: $1,040,5702021Assets 2022: $11,733,536Liabilities 2022: $10,670,211Net Assets 2022: $1,063,3252022Assets 2023: $10,881,882Liabilities 2023: $9,726,171Net Assets 2023: $1,155,7112023Assets 2024: $11,095,594Liabilities 2024: $9,857,491Net Assets 2024: $1,238,1032024

Highlighted filing

2024

Assets$11,095,594
Liabilities$9,857,491
Net Assets$1,238,103

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $430,827Expenses 2016: $422,249Net Income 2016: $8,5782016Revenue 2017: $432,626Expenses 2017: $412,032Net Income 2017: $20,5942017Revenue 2018: $462,236Expenses 2018: $427,184Net Income 2018: $35,0522018Revenue 2019: $475,230Expenses 2019: $445,751Net Income 2019: $29,4792019Revenue 2020: $390,735Expenses 2020: $431,938Net Income 2020: -$41,2032020Revenue 2021: $377,484Expenses 2021: $447,293Net Income 2021: -$69,8092021Revenue 2022: $517,509Expenses 2022: $494,754Net Income 2022: $22,7552022Revenue 2023: $573,306Expenses 2023: $480,920Net Income 2023: $92,3862023Revenue 2024: $594,293Expenses 2024: $511,901Net Income 2024: $82,3922024

Highlighted filing

2024

Revenue$594,293
Expenses$511,901
Net Income$82,392

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 21, 2025
Return Version
2024v5.0
Gross Receipts
$594,293
Mission and Program Overview

Mission

To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as owners.

Atrium Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services to the member owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,217,452$5,185,452▼ $32,000
Other Notes and Loans Receivable, Net$4,928,343$5,001,712▲ $73,369
Rtn Earn Endowment Incm Other Fnds$1,155,711$1,238,103▲ $82,392
Savings and Temporary Cash Investments$389,834$612,608▲ $222,774
Cash and Non-Interest-Bearing Accounts$161,238$139,234▼ $22,004
Accounts Receivable$25,367$15,161▼ $10,206
Prepaid Expenses and Deferred Charges$18,443$11,285▼ $7,158
Land, Buildings, and Equipment, Net$8,401$3,799▼ $4,602
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$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$10,881,882$11,095,594▲ $213,712
Other Assets Total$132,804$126,343▼ $6,461
Liabilities
Other Liabilities$9,564,642$9,761,010▲ $196,368
Accounts Payable and Accrued Expenses$161,529$96,481▼ $65,048
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$9,726,171$9,857,491▲ $131,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,155,711$1,238,103▲ $82,392
Total Liabilities and Net Assets / Fund Balance$10,881,882$11,095,594▲ $213,712

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,799$60,110$63,909
Investment Program Related Org$109,452--
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia CottongimChief Executive OfficerFT$99,324$5,400$104,724

Board Members and Trustees

NameTitle
Amy NewlandChairperson of Board
Donna BanksVice Chairperson of Board
Deborah BranscombDirector
Douglas KoenigDirector
Greg HellmannDirector
Linda HowardDirector
Marquita TurnerDirector
Sandra SnowdenSecretary of Board
Jeff ReynoldsTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$343,601
Investment Income
$250,692
Other Revenue
$0
Change in Net Assets
$82,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,097
Salaries, Compensation, and Employee Benefits$243,804
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,662$0$0$99,662
Current Officers, Directors, Trustees, and Key Employees$49,662$49,662$0$99,324
Information Technology$94,620$0$0$94,620
Other Employee Benefits$21,940$2,655$0$24,595
Payroll Taxes$11,079$4,886$0$15,965
Fees for Services Accounting$500$13,677$0$14,177
Occupancy$10,800$1,200$0$12,000
Insurance$11,690$0$0$11,690
Office Expenses$10,732$0$0$10,732
Interest$6,799$0$0$6,799
Depreciation Depletion$4,602$0$0$4,602
Pension Plan Contributions$3,097$1,161$0$4,258
Fees for Services Management$0$3,974$0$3,974
Other Expenses$0$3,754$0$3,754
Fees for Services Legal$3,600$0$0$3,600
Conferences and Meetings$311$1,233$0$1,544
All Other Expenses$730$0$0$730
Total Functional Expenses$429,699$82,202$0$511,901
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members share savings$7,451,432
Members draft checking$2,194,847
Members share certificates$114,731
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

All credit unions by charter are member owned

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

All of the governing body is elected by the membership.

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

The 990 is reviewed by management and the Board of Directors prior to submission.

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

The conflict of interest policy is reviewed by the employees and the Board of Directors annually.

Form 990, Part VI, Section B, Line 15

Compensation of key employees is approved by the Board of Directors. Independent compensation surveys are utilized as a tool in setting compensation levels.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
0859 Atrium Credit Union Inc
EIN
31-0622088
Phone
5139745179
Address
6051 Market Street Suite C, Franklin, OH 45005

Signing Officer

Name
Cindy Cottongim
Title
CEO
Phone
5139745179
Signed
2025-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Cottongim
Formed
1958
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
9

Preparer

Firm
Schmidt & Associates
Address
P O Box 2588, Columbus, OH 43216
Preparer
Melissa Schmidt
Phone
6145291640
Raw XML AppendixShowing 400 of 571 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt011690
IRS990/InsuranceGrp/TotalAmt011690
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt06799
IRS990/InterestGrp/TotalAmt06799
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0250692
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0250692
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05217452
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05185452
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0106
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt060110
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08401
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03799
IRS990/LandBldgEquipCostOrOtherBssAmt063909
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide lending, savings, and other financial services to qualified members at terms generally favorable in the marketplace with a "service-based emphasis" that recognizes the members status as owners.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01155711
IRS990/NetAssetsOrFundBalancesEOYAmt01238103
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01200
IRS990/OccupancyGrp/ProgramServicesAmt010800
IRS990/OccupancyGrp/TotalAmt012000
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt010732
IRS990/OfficeExpensesGrp/TotalAmt010732
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0132804
IRS990/OtherAssetsTotalGrp/EOYAmt0126343
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02655
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021940
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024595
IRS990/OtherExpensesGrp/Desc0Share servicing (ATM, debit, draft)
IRS990/OtherExpensesGrp/Desc1Loan servicing (collections)
IRS990/OtherExpensesGrp/Desc2Regulators
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23754
IRS990/OtherExpensesGrp/ProgramServicesAmt065747
IRS990/OtherExpensesGrp/ProgramServicesAmt134128
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt065747
IRS990/OtherExpensesGrp/TotalAmt134128
IRS990/OtherExpensesGrp/TotalAmt23754
IRS990/OtherLiabilitiesGrp/BOYAmt09564642
IRS990/OtherLiabilitiesGrp/EOYAmt09761010
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt099662
IRS990/OtherSalariesAndWagesGrp/TotalAmt099662
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04928343
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05001712
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04886
IRS990/PayrollTaxesGrp/ProgramServicesAmt011079
IRS990/PayrollTaxesGrp/TotalAmt015965
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01161
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03097
IRS990/PensionPlanContributionsGrp/TotalAmt04258
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018443
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011285
IRS990/PrincipalOfficerNm0Cindy Cottongim
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on loans to members
IRS990/ProgramServiceRevenueGrp/Desc1Fees to members
IRS990/ProgramServiceRevenueGrp/Desc2ATM surcharges to nonmembers
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230741
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1111909
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1111909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2951
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt2951
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0227320
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0249996
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0345986
IRS990/PYRevenuesLessExpensesAmt092386
IRS990/PYSalariesCompEmpBnftPaidAmt0230924
IRS990/PYTotalExpensesAmt0480920
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0573306
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt082392
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00

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