EIN 34-0894661

Achieve Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
59
City
State
Year formed
1958
Most recent tax filings
2023-12-01
Description
Achieve Credit Union exceeds expectations by providing superior financial services to qualified members. It operates in a financially sound, ethical manner to promote members' financial success. The credit union incurs data processing costs to record member account activity and provide access through home banking, ATM networks and in-person at offices. Direct labor and employee benefit costs are incurred while providing savings deposit services and originating new loans while servicing the loan portfolio for members.
Related structure
Achieve Credit Union is child organization, under the parent exemption from Ohio Chartered Credit Unions.
Also known as...
School Employees Lorain County Credit Union
Total revenues
$7,921,774
2023
Total expenses
$6,599,545
2023
Total assets
$167,380,151
2023
Num. employees
59
2023

Program areas at Achieve Credit Union

Dividends and interest paid to members on approximately 21,030 deposit accounts held by approximately 11,100 members.
Data processing costs incurred recording member account activity and providing access to members to their accounts via home banking, ATM networks and in person at the credit union offices.
Direct labor and employee benefit costs incurred providing savings deposit services, originating new loans and servicing the loan portfolio for members.

Personnel at Achieve Credit Union

NameTitleCompensation
Bret J FisherChief Executive Officer$117,459
Karen S AkersChief Financial Officer$130,323
Neil R SommersPast Chief Executive Officer$158,814

Financials for Achieve Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$4,936,183
Investment income and dividends$2,984,391
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,200
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,921,774

Form 990s for Achieve Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990View PDF
2022-122023-11-07990View PDF
2021-122022-10-28990View PDF
2020-122021-10-20990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

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Data update history
January 12, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 3, 2024
Updated personnel
Identified 1 new personnel
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Updated personnel
Identified 2 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
340 Griswold Rd
Elyria, OH 44035
Metro area
Cleveland-Elyria, OH
County
Lorain County, OH
Website URL
achievecu.org/ 
Phone
(440) 324-3400
IRS details
EIN
34-0894661
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1958
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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