LORAIN SCH EMPLOYEES CREDIT UNION
4459 OBERLIN AVE, LORAIN, OH 44053 www.lorainschoolecu.com

Total Revenue
$516,708
Total Expenses
$473,303
Net Assets
$1,546,008

Organizations Filed Purposes: TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 2400 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 1500 MEMBERS

DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

PROVISION FOR LOAN LOSS EXPENSE INCURRED IN THE LOAN PORTFOLIO FOR MEMBERS

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Neil R SommersCEO40$76,305
Juanita SenquizDIRECTOR1$0
Michelle Spotts HayesDIRECTOR1$0
Steve SlanocDIRECTOR1$0
Alan IrwinDIRECTOR1$0
Henry HarsarDIRECTOR1$0
David FloresDIRECTOR1$0
Robert AzzaritiDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201440929349301004_public.xml