Program areas at Faith Community United Credit Union
Granted $853,074 high risk loans to credit union members impacted by the Pandemic utilizing the CDFI RRP Grant Funds. The costs incurred consisted of credit union staff processing loans. In addition the credit union had to increase the Allowance for Loan Losses by $73,920 to cover the additional risk. The loans were granted during the period January through August 2022. Faith Community United Credit Unionis a full service Community Development Financial Institution serving the under served community. The credit union provides consumer, mortgages, SBA and non SBA business loans. The credit union also provides home banking, debit cards, credit cards,cash advances, certified checks, automatic clearing house deposits and loan payments, and money orders. The credit pays dividends on deposits.
Personnel at Faith Community United Credit Union
| Name | Title | Compensation | Date of data |
|---|
| Jacqueline Moore | Chief Executive Officer and President | $0 | 2023-09-28 |
| Tyronne McGuinea | Chairman | $0 | 2023-09-28 |
| Ronaye Steele | Board Member | $0 | 2023-09-28 |
| Cynthia Sullivan | Secretary | $0 | 2023-09-28 |
| Everett Mitchell Jr. | 1st Vice Chair | $0 | 2023-09-28 |
| ...and 1 more key personnel |
Financials for Faith Community United Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $928,494 | $812,419 | 14.3% |
| Program services | $1,202,332 | $1,693,187 | -29% |
| Investment income and dividends | $107,767 | $44,668 | 141.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $2,238,593 | $2,550,274 | -12.2% |
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|---|
| GROhio Community Credit Union | 501(c)(14) | Mansfield, OH | $1,013,532 |
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Data update history
September 28, 2023
Updated personnel
Identified 5 new personnel
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Updated personnel
Identified 1 new personnel
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
Community improvement
Characteristics
Memberships
General information
- Address
- 3550 E 93rd St
- Cleveland, OH 44105
- Metro area
- Cleveland-Elyria, OH
- County
- Cuyahoga County, OH
- Website URL
- faithcommcu.com/
IRS details
- EIN
- 34-0827524
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1952
- 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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