Service Credit Union
Service Credit Union shows consistent financial growth and strong asset base over the past decade.
EIN: 20240752 · Portsmouth, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $212.7M |
| Total Expenses | $174.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $448.0M |
| Transparency Score | 70/100 |
Is Service Credit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Service Credit Union directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Service Credit Union
Service Credit Union (EIN: 20240752) is a nonprofit organization based in Portsmouth, NH. The organization reported total revenue of $212.7M and total assets of $3.8B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Service Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Service Credit Union is a major nonprofit that has been operating for 50 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $212.2M |
| Total Expenses | $174.3M |
| Surplus / Deficit | +$37.9M |
| Total Assets | $3.8B |
| Total Liabilities | $3.4B |
| Net Assets | $448.0M |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 88.3% |
| Months of Reserves | 263.0 months |
Financial Health Grade: A
In 2019, Service Credit Union reported a surplus of $37.9M with revenue exceeding expenses, holds 263.0 months of operating reserves (strong position), has a debt-to-asset ratio of 88.3% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Service Credit Union's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +11.6% | +13.0% | +9.1% |
| 2018 | +13.8% | +9.2% | +7.8% |
| 2017 | +9.8% | +8.9% | +7.3% |
| 2016 | +9.0% | +7.7% | +9.1% |
| 2015 | +3.1% | +6.3% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Service Credit Union with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Service Credit Union allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 'Officer Comp=0%', which is unusual for an organization of this size with over $200 million in revenue and nearly $4 billion in assets. This suggests that executive compensation may be reported on a different form (e.g., 990-T for unrelated business income) or structured in a way that doesn't appear as direct compensation on the provided 990 data, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Service Credit Union's IRS 990 filings:
- Lack of detailed functional expense breakdown on provided data, making spending efficiency difficult to assess.
- Consistent 'Officer Comp=0%' reported despite significant organizational size, raising questions about executive compensation transparency.
Strengths
The following positive indicators were identified for Service Credit Union:
- Consistent revenue growth, from $132M in 2011 to $212M in 2019.
- Significant and growing asset base, reaching $3.8 billion in 2019, indicating strong financial stability.
- Positive net income (Revenue > Expenses) in all reported periods, demonstrating financial sustainability.
Frequently Asked Questions about Service Credit Union
Is Service Credit Union a legitimate charity?
Based on AI analysis of IRS 990 filings, Service Credit Union (EIN: 20240752) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Service Credit Union spend its money?
Service Credit Union directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Service Credit Union tax-deductible?
Service Credit Union is registered as a tax-exempt nonprofit (EIN: 20240752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Service Credit Union CEO make?
Service Credit Union's highest-compensated officer earns $200 annually. The organization reported $212.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Service Credit Union's spending goes to programs?
Service Credit Union directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Service Credit Union located?
Service Credit Union is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20240752.
How many years of IRS 990 filings does Service Credit Union have?
Service Credit Union has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $212.7M in total revenue.
How does Service Credit Union's 'Officer Comp=0%' across all filings reconcile with its operational scale?
The consistent reporting of 'Officer Comp=0%' for an organization with over $200 million in revenue and billions in assets is highly unusual. It suggests that executive compensation might be reported on a different IRS form, paid through a related entity, or structured in a way that is not captured in the provided summary data from the 990. Further investigation into their full 990 filings (Schedule J, for example) or other public disclosures would be necessary to understand executive remuneration.
What is the detailed breakdown of Service Credit Union's expenses, beyond total expenses?
The provided data only gives total expenses. For a comprehensive financial analysis, a detailed breakdown of functional expenses (e.g., program services, management and general, fundraising) would be required to assess spending efficiency and how resources are allocated to their core mission as a credit union.
How does Service Credit Union's financial health compare to other credit unions of similar size?
While the data shows consistent growth in revenue and assets, a comparative analysis with peer credit unions would provide a more robust assessment of its financial health and operational efficiency within the credit union sector.
Filing History
IRS 990 filing history for Service Credit Union showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Service Credit Union's revenue has grown by 60.3%, moving from $132.4M to $212.2M. Total assets increased by 93.1% over the same period, from $2.0B to $3.8B. Total functional expenses rose by 73.7%, from $100.4M to $174.3M. In its most recent filing year (2019), Service Credit Union reported a surplus of $37.9M, with revenue exceeding expenses. The organization holds $3.4B in liabilities against $3.8B in assets (debt-to-asset ratio: 88.3%), resulting in net assets of $448.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $212.2M | $174.3M | $3.8B | $3.4B | — | — |
| 2018 | $190.1M | $154.3M | $3.5B | $3.1B | — | View 990 |
| 2017 | $167.0M | $141.3M | $3.2B | $2.9B | — | View 990 |
| 2016 | $152.0M | $129.8M | $3.0B | $2.7B | — | View 990 |
| 2015 | $139.5M | $120.6M | $2.8B | $2.4B | — | View 990 |
| 2014 | $135.2M | $113.4M | $2.5B | $2.2B | — | View 990 |
| 2013 | $134.5M | $113.7M | $2.3B | $2.1B | — | View 990 |
| 2012 | $135.0M | $107.3M | $2.2B | $1.9B | — | View 990 |
| 2011 | $132.4M | $100.4M | $2.0B | $1.7B | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $212.2M, expenses of $174.3M, and assets of $3.8B (revenue +11.6% year-over-year).
- 2018: Revenue of $190.1M, expenses of $154.3M, and assets of $3.5B (revenue +13.8% year-over-year).
- 2017: Revenue of $167.0M, expenses of $141.3M, and assets of $3.2B (revenue +9.8% year-over-year).
- 2016: Revenue of $152.0M, expenses of $129.8M, and assets of $3.0B (revenue +9.0% year-over-year).
- 2015: Revenue of $139.5M, expenses of $120.6M, and assets of $2.8B (revenue +3.1% year-over-year).
- 2014: Revenue of $135.2M, expenses of $113.4M, and assets of $2.5B (revenue +0.6% year-over-year).
- 2013: Revenue of $134.5M, expenses of $113.7M, and assets of $2.3B (revenue -0.4% year-over-year).
- 2012: Revenue of $135.0M, expenses of $107.3M, and assets of $2.2B (revenue +2.0% year-over-year).
- 2011: Revenue of $132.4M, expenses of $100.4M, and assets of $2.0B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Service Credit Union:
Data Sources and Methodology
This transparency report for Service Credit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.