7 17 Credit Union
Legal name: Seven Seventeen Credit Union Inc
Nonprofit profile at a glance
- EIN
- 340825325
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- Warren, OH, USA
- Phone
- 800-775-7741
- Rating confidence
- Limited
Reported finances
- Revenue
- $120,308,326
- Expenses
- $105,117,389
- Assets
- $1,758,847,971
- Liabilities
- $1,534,189,876
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JOHN DEMMLER (PRESIDENT & CEO)
- MICHAEL BARKLEY (EXECUTIVE DIRECTOR, GOVERNMENT AFFAIRS)
- GARY SOUKENIK (FORMER PRESIDENT & CEO)
Highest reported compensation
- JOHN DEMMLER (PRESIDENT & CEO): $650,534 total reported compensation
- GARY SOUKENIK (FORMER PRESIDENT & CEO): $466,304 total reported compensation
- DAN HARP (SENIOR VP, LENDING): $439,594 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Above all, what we at 7 17 do every day stays true to our founders’ cooperative spirit. Our products, like fee-free mortgages and a credit card with the best rate in the country, are designed to help our members. Fee reductions keep dollars in your pockets, and great rates help lift our community out of a cycle of debt. We call these programs Ohio Strong – because when you’re stronger, we’re all stronger. Thanks for believing in 7 17 and our mission: Helping people improve their lives financially and supporting the communities we serve. Become a Member.
What it reported doing in 2024
Office expense and data processing expense necessary to support member account and loan activity by providing members access to their accounts via home banking, atm networks, and in person at the credit union offices.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.6%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 16.73; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 5.7%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 29.9% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $651K · 26 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.4M reported
- Consistency: 10 of 10 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 23 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.