Corry Jamestown Credit Union
Nonprofit profile at a glance
- EIN
- 251021509
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Corry, PA, USA
- Phone
- 8146647010
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Credit Unions
Reported finances
- Revenue
- $1,379,025
- Expenses
- $1,156,026
- Assets
- $26,883,082
- Liabilities
- $24,185,984
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DONNA MILES (PRESIDENT)
- SHIRLEY LYON (VICE PRESIDENT)
- SHERRY BIDWELL (CEO)
Highest reported compensation
- SHERRY BIDWELL (CEO): $38,341 total reported compensation
- DONNA MILES (PRESIDENT): $720 total reported compensation
- SHIRLEY LYON (VICE PRESIDENT): $450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the entity is to improve the financial strength and stability of its members by offering them fair and favorable investment/loan rates to achieve their
What it reported doing in 2024
Corry jamestown credit union continaully serves about 2,800 members/ customers by offering low interest loans, various financial services, and dividend payments on savings/share accounts.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 30
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 20.6%; rating input score 21
- Program expense ratio: 54.1%; rating input score 54
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 23.25; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 20.6% of revenue deployed · 54.1% of spending went to programs
- Governance: 2518 of 2518 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $38K · 12 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 21/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.