Civic Intelligence

42 Kemba Credit Union Inc

EIN 31-6034125 • 501(c)14 • West Chester, OH

Profile

Provide financial services to its members. Member owned financial cooperative with mission to provide a safe and secure institution with a broad range of financial products and services to our members at the lowest possible cost, while maintaining financial stability.

5600 Chappell Crossing BlvdWest Chester, OH 45069

www.kemba.com

Siviq Scores

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

Liabilities / Assets

30th percentile

0.90x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

16.06x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

57th percentile

10%

Higher net margin than 57% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$1,209,842

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)14 • $1B+ nonprofits • Source year 2024

Asset Growth

91st percentile

11%

Faster asset growth than 91% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

22%

Faster revenue growth than 77% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,800,713,499

Up $189,537,560 (+12%) from 2022

Liabilities

Up

$1,615,274,051

Up $169,951,661 (+12%) from 2022

Net Assets

Up

$185,439,448

Up $19,585,899 (+12%) from 2022

Revenue

Up

$100,593,597

Up $34,234,290 (+52%) from 2022

Expenses

Up

$90,370,208

Up $39,926,340 (+79%) from 2022

Net Income

Down

$10,223,389

Down $5,692,050 (-36%) from 2022

Trend Graphs

Balance Sheet Trend

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

$2.0B$1.5B$1.0B$500M$0Assets 2012: $556,590,288Liabilities 2012: $488,500,562Net Assets 2012: $68,089,7262012Assets 2013: $560,622,067Liabilities 2013: $485,365,470Net Assets 2013: $75,256,5972013Assets 2014: $667,521,030Liabilities 2014: $589,398,234Net Assets 2014: $78,122,7962014Assets 2015: $752,173,340Liabilities 2015: $667,345,363Net Assets 2015: $84,827,9772015Assets 2017: $851,740,945Liabilities 2017: $751,574,740Net Assets 2017: $100,166,2052017Assets 2018: $946,573,919Liabilities 2018: $840,014,058Net Assets 2018: $106,559,8612018Assets 2019: $1,022,189,646Liabilities 2019: $905,708,972Net Assets 2019: $116,480,6742019Assets 2020: $1,178,253,797Liabilities 2020: $1,051,843,469Net Assets 2020: $126,410,3282020Assets 2021: $1,395,836,820Liabilities 2021: $1,247,079,391Net Assets 2021: $148,757,4292021Assets 2022: $1,611,175,939Liabilities 2022: $1,445,322,390Net Assets 2022: $165,853,5492022Assets 2024: $1,800,713,499Liabilities 2024: $1,615,274,051Net Assets 2024: $185,439,4482024

Highlighted filing

2024

Assets$1,800,713,499
Liabilities$1,615,274,051
Net Assets$185,439,448

Operations Trend

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

$150M$100M$50M$0Expenses 2012: $24,793,1782012Revenue 2013: $29,146,533Expenses 2013: $23,487,991Net Income 2013: $5,658,5422013Revenue 2014: $30,105,287Expenses 2014: $23,105,770Net Income 2014: $6,999,5172014Revenue 2015: $32,761,376Expenses 2015: $26,056,195Net Income 2015: $6,705,1812015Revenue 2017: $39,048,851Expenses 2017: $31,196,397Net Income 2017: $7,852,4542017Revenue 2018: $45,751,362Expenses 2018: $36,568,416Net Income 2018: $9,182,9462018Revenue 2019: $51,808,067Expenses 2019: $41,705,465Net Income 2019: $10,102,6022019Revenue 2020: $54,406,776Expenses 2020: $42,885,041Net Income 2020: $11,521,7352020Revenue 2021: $59,675,729Expenses 2021: $42,592,595Net Income 2021: $17,083,1342021Revenue 2022: $66,359,307Expenses 2022: $50,443,868Net Income 2022: $15,915,4392022Revenue 2024: $100,593,597Expenses 2024: $90,370,208Net Income 2024: $10,223,3892024

Highlighted filing

2024

Revenue$100,593,597
Expenses$90,370,208
Net Income$10,223,389

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$100,593,597
Mission and Program Overview

Mission

Provide financial services to its members. Member owned financial cooperative with mission to provide a safe and secure institution with a broad range of financial products and services to our members at the lowest possible cost, while maintaining financial stability.

Provide financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,446,358,454$1,392,669,854▼ $53,688,600
Savings and Temporary Cash Investments$17,004,719$231,719,502▲ $214,714,783
Rtn Earn Endowment Incm Other Fnds$171,717,090$185,439,448▲ $13,722,358
Land, Buildings, and Equipment, Net$56,636,811$57,338,749▲ $701,938
Investments Other Securities$43,412,380$43,602,640▲ $190,260
Cash and Non-Interest-Bearing Accounts$6,241,663$8,993,574▲ $2,751,911
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,625,351,193$1,800,713,499▲ $175,362,306
Other Assets Total$55,697,166$66,389,180▲ $10,692,014
Liabilities
Other Liabilities$1,258,300,265$1,446,169,091▲ $187,868,826
Mortgage Notes Payable Secured by Investment Property$173,000,000$145,000,000▼ $28,000,000
Accounts Payable and Accrued Expenses$22,333,838$24,104,960▲ $1,771,122
Total Liabilities$1,453,634,103$1,615,274,051▲ $161,639,948
Net Assets / Fund Balance
Total Net Assets Fund Balance$171,717,090$185,439,448▲ $13,722,358
Total Liabilities and Net Assets / Fund Balance$1,625,351,193$1,800,713,499▲ $175,362,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,586,492$4,945,418$44,531,910
Land$12,408,491-$12,408,491
Equipment$2,633,438$9,355,858$11,989,296
Leasehold Improvements$2,710,328$2,411,034$5,121,362
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel SuttonPresidentFT$779,712$430,130$1,209,842
Daniel SchroerChief Financial OfficerFT$321,000$112,477$433,477
Duane StacklinChief Lending OfficerFT$310,865$94,346$405,211
Kristyn DixVP of Corporate Learning & DevelopmentFT$166,558$196,074$362,632
Kristyn DixVP of Corporate Learning & Developme-$137,793$224,839$362,632
Ryon BrubakerChief Technology OfficerFT$245,000$82,270$327,270
Amy DanielsChief Resource OfficerFT$249,712$50,254$299,966
Dennis WanderIndirect Lending ManagerFT$175,219$81,394$256,613
Joseph HutsonGeneral CounselFT$185,498$46,093$231,591
James MalottDirector of Mortgage ServicesFT$143,631$36,513$180,144
Michael CoxVP of Appraisal Management Co.FT$151,696$16,500$168,196

Board Members and Trustees

NameTitle
Thomas TholeChairman of Board
Jerome ZiegelmeierVice Chairman Board
Bruce RainesDirector
David HannaDirector
Jeremy BlackDirector
Kathryn AsbrockDirector
Robert WeitzelDirector
Deborah DavisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$93,673,858
Investment Income
$6,919,739
Other Revenue
$0
Change in Net Assets
$10,223,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,148,026
Salaries, Compensation, and Employee Benefits$23,222,182
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$42,150,860
Other Salaries and Wages---$15,875,149
Office Expenses---$13,458,831
Other Employee Benefits---$3,129,433
Current Officers, Directors, Trustees, and Key Employees---$2,675,765
Advertising---$1,595,686
Depreciation Depletion---$1,591,978
Occupancy---$1,584,849
Payroll Taxes---$1,230,637
Travel---$336,591
Pension Plan Contributions---$311,198
Insurance---$300,421
Other Expenses---$300,370
Fees for Services Other---$236,248
Fees for Services Accounting---$168,192
Total Functional Expenses$0$0$0$90,370,208
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES & DEPOSITS$1,446,169,091
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members.

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

As a credit union each member in good standing is entitled to one vote to elect the member(s) of the board of directors.

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

The president and cfo review the irs 990 prior to the return being filed with the irs.

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

The credit union has an electronic system to provide the conflict of interest questions to every employee and tracks employee completion.

Form 990, Part VI, Section B, Line 15

The credit union's benefits committee analyzes salary data from hr performance solutions when establishing the salary for the ceo. The credit union's benefits committee analyzes salary data from hr performance solutions when establishing the salary for officers.

Form 990, Part VI, Section C, Line 19

We post the financial statements in the lobby of each branch office. We make the governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
42 Kemba Credit Union Inc
EIN
31-6034125
Phone
5137625070
Address
5600 CHAPPELL CROSSING BLVD, WEST CHESTER, OH 45069

Signing Officer

Name
Daniel L Sutton
Title
CEO/president
Phone
5137625070
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel L Sutton
Formed
1934
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
8
Employees
347
Volunteers
8

Preparer

Firm
Gbq Partners LLC
Address
4030 SMITH ROAD SUITE 400, CINCINNATI, OH 45209
Preparer
Kathleen M Moseley
Phone
5138713033
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in unrecognized costs on defined benefit plan 3,236,439. Equity acquired in merger 262,530.

Financial Statement Notes

PART X, LINE 2:

The credit union accounts for uncertainty in income taxes in its consolidated financial statements as required under financial accounting standards board (fasb) accounting standards codification (asc), accounting for uncertainty in income taxes. The standard prescribes a recognition threshold and measurement attribute for the consolidated financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition accounting. Management determined there were no material uncertain positions taken by the credit union in its tax returns.

Raw XML AppendixShowing 400 of 661 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF FINANCIAL OFFICER
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IRS990/MissionDesc0PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. MEMBER OWNED FINANCIAL COOPERATIVE WITH MISSION TO PROVIDE A SAFE AND SECURE INSTITUTION WITH A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES TO OUR MEMBERS AT THE LOWEST POSSIBLE COST, WHILE MAINTAINING FINANCIAL STABILITY.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES & DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS CONSOLIDATED FINANCIAL STATEMENTS AS REQUIRED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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