1368 Code Credit Union

The 1368 Code Credit Union, identified by its Employer Identification Number (EIN) as 311225765, is a state-chartered credit union headquartered in Dayton, Ohio. It operates as a 501(c)(14) organization, which means it is classified under the Internal Revenue Code as a mutual reserve fund for state-chartered credit unions. This classification indicates that the organization is exempt from federal income tax but does not allow tax deductibility for donations made to it[1].

History and Membership

The credit union has a long history of service, extending over eight decades, providing financial services to the Miami Valley community. Membership eligibility is open to individuals who live, work, worship, or attend school in the designated area[4].

Financial Overview

As of the latest available data, the total revenues for 1368 Code Credit Union were reported to be approximately $8,913,808. Historically, the credit union's primary sources of revenue have been program services and investment income, with minimal contributions or other revenue streams[2][1].

Governance and Management

Key personnel include the President/CEO and Executive Vice President, who are responsible for the day-to-day operations and strategic direction of the credit union. The board of directors oversees governance, ensuring that the organization adheres to its mission and regulatory requirements[1].

Services

1368 Code Credit Union offers a variety of financial services, including loans, credit cards, and checking accounts. It also provides incentives such as cash back rewards and competitive interest rates for loans, enhancing its offerings to attract and retain members[4].

Regulatory Compliance

Like all tax-exempt organizations, 1368 Code Credit Union files an annual Form 990 with the Internal Revenue Service. This filing provides detailed information about its financial activities, governance, and compliance with relevant tax laws[3].