Civic Intelligence

Bse Credit Union

990 • Fiscal year 2017 • EIN 34-0826014

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 12, 2018

Organization Profilebsecu.org

View Organization Page

19249 Bagley RoadMiddleburg Heights, OH 44130

(440) 243-9180

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.91x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

18.86x

Higher debt load relative to revenue than 45% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$121,034

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Source year 2017

Asset Growth

2nd percentile

-8.3%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

4.1%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)14 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$16,427,490

Down $1,490,615 (-8.3%) from 2016

Net Assets

Up

$1,423,442

Up $86,512 (+6.5%) from 2016

Liabilities

Down

$15,004,048

Down $1,577,127 (-9.5%) from 2016

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin68th percentile

Revenue

Up

$795,728

Up $31,485 (+4.1%) from 2016

Expenses

Down

$709,216

Down $17,182 (-2.4%) from 2016

Net Income

Up

$86,512

Up $48,667 (+129%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $15,795,279Liabilities 2010: $14,419,225Net Assets 2010: $1,376,0542010Assets 2011: $16,617,879Liabilities 2011: $15,233,692Net Assets 2011: $1,384,1872011Assets 2012: $16,977,892Liabilities 2012: $15,588,637Net Assets 2012: $1,389,2552012Assets 2013: $17,827,710Liabilities 2013: $16,428,452Net Assets 2013: $1,399,2582013Assets 2014: $17,081,640Liabilities 2014: $15,747,634Net Assets 2014: $1,334,0062014Assets 2015: $17,374,319Liabilities 2015: $16,029,097Net Assets 2015: $1,345,2222015Assets 2016: $17,918,105Liabilities 2016: $16,581,175Net Assets 2016: $1,336,9302016Assets 2017: $16,427,490Liabilities 2017: $15,004,048Net Assets 2017: $1,423,4422017Assets 2018: $16,414,443Liabilities 2018: $14,936,655Net Assets 2018: $1,477,7882018Assets 2019: $16,155,068Liabilities 2019: $14,566,606Net Assets 2019: $1,588,4622019Assets 2020: $17,804,739Liabilities 2020: $16,171,000Net Assets 2020: $1,633,7392020Assets 2021: $20,112,776Liabilities 2021: $18,515,514Net Assets 2021: $1,597,2622021Assets 2022: $19,850,943Liabilities 2022: $18,301,693Net Assets 2022: $1,549,2502022Assets 2023: $18,775,614Liabilities 2023: $17,198,453Net Assets 2023: $1,577,1612023Assets 2024: $17,515,010Liabilities 2024: $15,876,015Net Assets 2024: $1,638,9952024

Highlighted filing

2017

Assets$16,427,490
Liabilities$15,004,048
Net Assets$1,423,442
Open 2017 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $798,6502010Expenses 2011: $765,4502011Expenses 2012: $739,1212012Revenue 2013: $729,454Expenses 2013: $719,451Net Income 2013: $10,0032013Revenue 2014: $723,263Expenses 2014: $788,515Net Income 2014: -$65,2522014Revenue 2015: $733,387Expenses 2015: $722,171Net Income 2015: $11,2162015Revenue 2016: $764,243Expenses 2016: $726,398Net Income 2016: $37,8452016Revenue 2017: $795,728Expenses 2017: $709,216Net Income 2017: $86,5122017Revenue 2018: $754,124Expenses 2018: $699,778Net Income 2018: $54,3462018Revenue 2019: $843,121Expenses 2019: $732,447Net Income 2019: $110,6742019Revenue 2020: $723,109Expenses 2020: $677,832Net Income 2020: $45,2772020Revenue 2021: $627,854Expenses 2021: $664,331Net Income 2021: -$36,4772021Revenue 2022: $620,736Expenses 2022: $668,748Net Income 2022: -$48,0122022Revenue 2023: $705,337Expenses 2023: $656,826Net Income 2023: $48,5112023Revenue 2024: $747,008Expenses 2024: $685,174Net Income 2024: $61,8342024

Highlighted filing

2017

Revenue$795,728
Expenses$709,216
Net Income$86,512
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 12, 2018
Return Version
2017v2.2
Gross Receipts
$795,728
Mission and Program Overview

Mission

The BSE Credit Union's mission is to provide superior service and the best possible rates to members while maintaining a sound financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,146,036$6,537,681▲ $391,645
Investments Other Securities$7,086,224$6,406,830▼ $679,394
Savings and Temporary Cash Investments$4,029,546$2,986,521▼ $1,043,025
Rtn Earn Endowment Incm Other Fnds$1,336,930$1,423,442▲ $86,512
Land, Buildings, and Equipment, Net$155,244$151,931▼ $3,313
Cash and Non-Interest-Bearing Accounts$258,262$95,409▼ $162,853
Prepaid Expenses and Deferred Charges$9,393$9,729▲ $336
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$17,918,105$16,427,490▼ $1,490,615
Other Assets Total$233,400$239,389▲ $5,989
Liabilities
Other Liabilities$16,428,151$14,836,882▼ $1,591,269
Accounts Payable and Accrued Expenses$153,024$167,166▲ $14,142
Total Liabilities$16,581,175$15,004,048▼ $1,577,127
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,336,930$1,423,442▲ $86,512
Total Liabilities and Net Assets / Fund Balance$17,918,105$16,427,490▼ $1,490,615

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,481$339,462$378,943
Other Land Buildings$3,950$225,984$229,934
Land$108,500-$108,500
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Drema BraunSec/Treas/CEOFT$105,431$15,603$121,034

Board Members and Trustees

NameTitle
Craig S BraithwaitePresident
Thomas GalyenPresident
Tim GerdingVice President
Glenn BlatnicaDirector
Jack WingetDirector
Jeff DomonkosDirector
Vickie A McDonaldDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$660,316
Investment Income
$134,806
Other Revenue
$606
Change in Net Assets
$86,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$358,558
Other Expenses$350,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$178,421
Current Officers, Directors, Trustees, and Key Employees---$121,034
Office Expenses---$75,919
Occupancy---$41,604
Other Employee Benefits---$36,286
Advertising---$30,463
All Other Expenses---$26,499
Payroll Taxes---$22,817
Insurance---$11,274
Other Expenses---$10,166
Depreciation Depletion---$9,863
Fees for Services Accounting---$7,604
Interest---$4,754
Fees for Services Other---$1,750
Travel---$99
Total Functional Expenses$0$0$0$709,216
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Share Accounts$14,836,881
Rounding$1
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Section 501c(14) Credit Union is composed of members.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Mergers are voted on by entire membership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public.”

Filing and Contact Details

Filer

Filer Name
BSE Credit Union
EIN
34-0826014
Phone
4402439180
Address
19249 Bagley Road, Middleburg Heights, OH 44130

Signing Officer

Name
Drema Braun
Title
Sec/Treas/CEO
Signed
2018-04-12
Discuss with paid preparer
Yes

Organization Details

Formed
1955
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
6
Employees
5
Volunteers
10

Preparer

Firm
Financial Standards Group Inc
Address
3615 NEWBURG RD, LOUISVILLE, KY 40218
Preparer
Thomas Armantrout CPA
Phone
8005225820
Raw XML Appendix391 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0153024
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0167166
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The BSE Credit Union's mission is to provide superior service and the best possible rates to members while maintaining a sound financial institution.
IRS990/AdvertisingGrp/TotalAmt030463
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt026499
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Drema Braun
IRS990/BooksInCareOfDetail/PhoneNum04402439180
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt019249 Bagley Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Middleburg Heights
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044130
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0258262
IRS990/CashNonInterestBearingGrp/EOYAmt095409
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0121034
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0134806
IRS990/CYOtherExpensesAmt0350658
IRS990/CYOtherRevenueAmt0606
IRS990/CYProgramServiceRevenueAmt0660316
IRS990/CYRevenuesLessExpensesAmt086512
IRS990/CYSalariesCompEmpBnftPaidAmt0358558
IRS990/CYTotalExpensesAmt0709216
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0795728
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt09863
IRS990/Desc0The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members as of 2017 was 2,866.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt07604
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt01750
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt715603
IRS990/Form990PartVIISectionAGrp/PersonNm0Thomas Galyen
IRS990/Form990PartVIISectionAGrp/PersonNm1Craig S Braithwaite
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeff Domonkos
IRS990/Form990PartVIISectionAGrp/PersonNm3Tim Gerding
IRS990/Form990PartVIISectionAGrp/PersonNm4Vickie A McDonald
IRS990/Form990PartVIISectionAGrp/PersonNm5Jack Winget
IRS990/Form990PartVIISectionAGrp/PersonNm6Glenn Blatnica
IRS990/Form990PartVIISectionAGrp/PersonNm7Drema Braun
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7105431
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Sec/Treas/CEO
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0795728
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt011274
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt04754
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0134806
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0134806
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07086224
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06406830
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt046
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0565446
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0155244
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0151931
IRS990/LandBldgEquipCostOrOtherBssAmt0717377
IRS990/LegalDomicileStateCd0OH
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The BSE Credit Union's mission is to provide superior service and the best possible rates to members while maintaining a sound financial institution.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01336930
IRS990/NetAssetsOrFundBalancesEOYAmt01423442
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-6643
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt041604
IRS990/OfficeExpensesGrp/TotalAmt075919
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0233400
IRS990/OtherAssetsTotalGrp/EOYAmt0239389
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036286
IRS990/OtherExpensesGrp/Desc0ATM Expense
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Loan Servicing Expenses
IRS990/OtherExpensesGrp/TotalAmt091032
IRS990/OtherExpensesGrp/TotalAmt126675
IRS990/OtherExpensesGrp/TotalAmt212956
IRS990/OtherExpensesGrp/TotalAmt310166
IRS990/OtherLiabilitiesGrp/BOYAmt016428151
IRS990/OtherLiabilitiesGrp/EOYAmt014836882
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0iPay Revenue
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0606
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0606
IRS990/OtherRevenueTotalAmt0606
IRS990/OtherSalariesAndWagesGrp/TotalAmt0178421
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06146036
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06537681
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt022817
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09393
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09729
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Charges
IRS990/ProgramServiceRevenueGrp/Desc1Interchange Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc3Other Program Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt095851
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt160716
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2431092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt372657
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt095851
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt160716
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2431092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt372657
IRS990/ProgSrvcAccomActy2Grp/Desc0The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding as of 2017 was 1,469.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0128973
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0383628
IRS990/PYOtherRevenueAmt0716
IRS990/PYProgramServiceRevenueAmt0634554
IRS990/PYRevenuesLessExpensesAmt037845
IRS990/PYSalariesCompEmpBnftPaidAmt0342770
IRS990/PYTotalExpensesAmt0726398
IRS990/PYTotalRevenueAmt0764243
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt086512
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01336930
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01423442
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04029546
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02986521
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt039481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0339462
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0378943
IRS990ScheduleD/LandGrp/BookValueAmt0108500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0108500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03950
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0225984
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0229934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014836881
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Share Accounts
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0151931
IRS990ScheduleD/TotalBookValueSecuritiesAmt06406830
IRS990ScheduleD/TotalLiabilityAmt014836882
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 501c(14) Credit Union is composed of members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members vote on bylaw and charter changes. Members vote and elect Board members at annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mergers are voted on by entire membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews tax returns and forwards US Form 8879-EO to tax preparer. Board reviews filed tax returns at next scheduled meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Employee loans are Management approved. Management loans are Board approved. Loans to Board members are approved by the Board minus the lendee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Executive and employee salaries are Board reviewed and approved. Board of directors are not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Credit union bylaws and conflict of interest policy are available upon request at the credit union's main office. Quarterly financial statements are displayed in the lobby which is accessible to the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017918105
IRS990/TotalAssetsEOYAmt016427490
IRS990/TotalAssetsGrp/BOYAmt017918105
IRS990/TotalAssetsGrp/EOYAmt016427490
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0709216
IRS990/TotalGrossUBIAmt0606
IRS990/TotalLiabilitiesBOYAmt016581175
IRS990/TotalLiabilitiesEOYAmt015004048
IRS990/TotalLiabilitiesGrp/BOYAmt016581175
IRS990/TotalLiabilitiesGrp/EOYAmt015004048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01336930
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01423442
IRS990/TotalOtherCompensationAmt015603
IRS990/TotalProgramServiceRevenueAmt0660316
IRS990/TotalReportableCompFromOrgAmt0105431
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0795122
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0795728
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0606
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017918105
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016427490
IRS990/TravelGrp/TotalAmt099
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0bsecu.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Drema Braun
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec/Treas/CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BSE Credit Union
ReturnHeader/Filer/BusinessNameControlTxt0BSEC
ReturnHeader/Filer/EIN0340826014
ReturnHeader/Filer/PhoneNum04402439180
ReturnHeader/Filer/USAddress/AddressLine1Txt019249 Bagley Road
ReturnHeader/Filer/USAddress/CityNm0Middleburg Heights
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044130
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650152722
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FINANCIAL STANDARDS GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03615 NEWBURG RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040218
ReturnHeader/PreparerPersonGrp/PhoneNum08005225820
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas Armantrout CPA
ReturnHeader/ReturnTs02018-04-12T07:50:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,427,490
Liabilities
$15,004,048
Net assets
$1,423,442
Revenue
$795,728
Expenses
$709,216
Net income
$86,512
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$15.9$1.64$0.75$0.69$0.06
2023Detailed filing. Detailed filing data is available for this year.$18.8$17.2$1.58$0.71$0.66$0.05
2022Detailed filing. Detailed filing data is available for this year.$19.9$18.3$1.55$0.62$0.67$0.05
2021Detailed filing. Detailed filing data is available for this year.$20.1$18.5$1.60$0.63$0.66$0.04
2020Detailed filing. Detailed filing data is available for this year.$17.8$16.2$1.63$0.72$0.68$0.05
2019Detailed filing. Detailed filing data is available for this year.$16.2$14.6$1.59$0.84$0.73$0.11
2018Detailed filing. Detailed filing data is available for this year.$16.4$14.9$1.48$0.75$0.70$0.05
2017Detailed filing. Detailed filing data is available for this year.$16.4$15.0$1.42$0.80$0.71$0.09
2016Detailed filing. Detailed filing data is available for this year.$17.9$16.6$1.34$0.76$0.73$0.04
2015Detailed filing. Detailed filing data is available for this year.$17.4$16.0$1.35$0.73$0.72$0.01
2014Detailed filing. Detailed filing data is available for this year.$17.1$15.7$1.33$0.72$0.79$0.07
2013Detailed filing. Detailed filing data is available for this year.$17.8$16.4$1.40$0.73$0.72$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$15.6$1.39$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$15.2$1.38$0.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$14.4$1.38$0.80