2022-11-11T17:27:34-06:00 2021-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2021-01-01 340825325 SEVEN SEVENTEEN CREDIT UNION INC SEVE 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 SHELLY PAWCIO SENIOR VP & CFO 3303728100 2022-11-10 1 SHELLY PAWCIO 999009999 GREG HEIMKREITER P01331287 6142211120 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SHELLY PAWCIO 3181 LARCHMONT AVE NE WARREN OH 44483 71202563 0 X WWW.717CU.COM X 1957 OH THE PURPOSE OF SEVEN SEVENTEEN CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT, THE EFFECTIVE USE OF THEIR ASSETS AND RESOURCES; AND TO ENGAGE IN ALL ACTIVITIES NECESSARY AND INCIDENTAL THERETO. 6 6 376 11 645423 0 0 0 70519760 69836894 1268720 1365669 0 0 71788480 71202563 0 0 0 0 30905906 32699645 0 0 0 27988648 21592129 58894554 54291774 12893926 16910789 1259228151 1389210526 1081515106 1197234790 177713045 191975736 SEE SCHEDULE O 0 0 DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 98,000 MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATE OF DEPOSIT ACCOUNTS. EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICES THE LOAN PORTFOLIO FOR ITS MEMBERS. 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 24035 0 1 376 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SHELLY PAWCIO 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 JACK WILSTER CHAIRMAN 5.00 X 0 0 0 RAYMOND MANOFSKY DIRECTOR 5.00 X 0 0 0 JOE NOARK 2ND VICE CHAIRMAN 5.00 X 0 0 0 CHERYL DIGIACOBBE SEC TREAS 5.00 X 345 0 0 PAUL MARSHALL VICE CHAIRMAN 5.00 X 776 0 0 ARLENE MATHES DIRECTOR 5.00 X 0 0 0 GARY SOUKENIK PRESIDENT & CEO 45.00 X 892242 0 86467 ERIC LANHAM SENIOR VP, MARKETING 45.00 X 252249 0 60384 MARK MUNNO SENIOR VP DEL CHAN 45.00 X 271288 0 63012 BRIAN BOETTCHER SVP INNOV & INFO TEC 45.00 X 311466 0 66167 SHELLEY ENGLEMAN SVP, RISK MANAGEMENT 45.00 X 234495 0 57574 SHELLY PAWCIO SENIOR VP & CFO 45.00 X 308299 0 66167 WILLIAM FULK SENIOR VP, LENDING 45.00 X 238110 0 21979 RYAN HOUGH SENIOR VP & HUMAN RESOURCE 45.00 X 243083 0 58877 AARON FRANK LOAN ORIGINATOR 45.00 X 351653 0 66167 JULIE REDMOND LOAN ORIGINATOR 45.00 X 238142 0 57432 DARLENE CESTA LENDING MANAGER 45.00 X 188779 0 50919 HEATHER SMITH LOAN ORIGINATOR 45.00 X 166073 0 47752 BRETT CARNAHAN COMMERCIAL LENDING MANAGER 45.00 X 164834 0 47137 JOSEPH DATCHUK COLL & REC ATTORNEY 45.00 X 172709 0 48495 4034543 0 798529 14 0 1 0 NADER & NADER 7011 E MARKET STREET WARREN OH 44484 TITLE WORK 453066 ZAG INTERACTIVE 20 WESTERN BOULEVARD GLASTONBURY CT 06033 WEBSITE DESIGN, HOSTING, MAINTENANCE 140006 SMARTBUG OPERATING LLC 2618 SAN MIGUEL DRIVE NEWPORT BEACH CA 92660 MARKETING/WEB ADVERTISING SERVICES 136191 BAKER BEDNAR SNYDER & ASSOCIATES 628 NILES CORTLAND ROAD WARREN OH 44484 ARCHITECTURE AND ENGINNERING SERVICES 116989 DELL MARKETING LP ONE DELL WAY ROUND ROCK TX 78682 IT PRODUCTS AND SUPPORT 114699 5 INTEREST ON LOANS 522100 47977484 47977484 FEE INCOME 522100 21235103 21235103 NON-MEMBER FEES AND INCOME 522100 596446 596446 RENTAL 531120 27081 27081 RELATED CO PAYMENTS 900003 780 780 69836894 1344553 1344553 21116 0 21116 21116 21116 71202563 69212587 645423 1344553 4034543 4034543 19081917 19081917 2986289 2986289 4881977 4881977 1714919 1714919 32480 32480 4128 4128 64262 64262 40290 40290 3883561 3883561 11418112 11418112 2539458 2539458 1752 1752 27432 27432 3401961 3401961 PROFESSIONAL FEES 548665 548665 LOAN SERVICING 417292 417292 PROVISIONS FOR LOAN LOS -787264 -787264 54291774 54291774 0 0 28277985 31634343 128685398 108021706 929126351 1021215722 51209894 28479818 23128592 22730076 85475198 136480352 11210569 13291569 53324058 55836758 1259228151 1389210526 18030679 18274228 1063484427 1178960562 1081515106 1197234790 X 0 0 0 0 177713045 191975736 177713045 191975736 1259228151 1389210526 16910789 -2648098 0 X 0 1 X 1 0 3007338 3007338 22243412 12298100 9945312 10929882 5401383 5528499 15029262 10780335 4248927 22730076 SHARE ACCOUNTS 498354552 MONEY MARKET ACCOUNTS 267453672 SHARE DRAFT ACCOUNTS 247622351 SHARE CERTIFICATE ACCOUNTS 111909345 IRA ACCOUNTS 46644093 OTHER SHARE ACCOUNTS 6976549 1178960562 71202563 0 71202563 0 71202563 54291774 0 54291774 0 54291774 X X 1 1 X X X X 0 1 0 GARY SOUKENIK PRESIDENT & CEO 634842 0 257400 0 0 0 63800 0 22667 0 978709 0 0 0 AARON FRANK LOAN ORIGINATOR 24259 0 327394 0 0 0 43500 0 22667 0 417820 0 0 0 BRIAN BOETTCHER SVP INNOV & INFO TEC 231293 0 80173 0 0 0 43500 0 22667 0 377633 0 0 0 SHELLY PAWCIO SENIOR VP & CFO 230100 0 78199 0 0 0 43500 0 22667 0 374466 0 0 0 MARK MUNNO SENIOR VP DEL CHAN 199774 0 71514 0 0 0 40345 0 22667 0 334300 0 0 0 ERIC LANHAM SENIOR VP, MARKETING 190102 0 62147 0 0 0 37717 0 22667 0 312633 0 0 0 RYAN HOUGH SENIOR VP & HUMAN RESOURCE 180226 0 62857 0 0 0 36210 0 22667 0 301960 0 0 0 JULIE REDMOND LOAN ORIGINATOR 30430 0 207712 0 0 0 34765 0 22667 0 295574 0 0 0 SHELLEY ENGLEMAN SVP, RISK MANAGEMENT 172447 0 62048 0 0 0 34907 0 22667 0 292069 0 0 0 WILLIAM FULK SENIOR VP, LENDING 154122 0 83988 0 0 0 14423 0 7556 0 260089 0 0 0 DARLENE CESTA LENDING MANAGER 143142 0 45637 0 0 0 28252 0 22667 0 239698 0 0 0 JOSEPH DATCHUK COLL & REC ATTORNEY 160174 0 12535 0 0 0 25828 0 22667 0 221204 0 0 0 HEATHER SMITH LOAN ORIGINATOR 23112 0 142961 0 0 0 25085 0 22667 0 213825 0 0 0 BRETT CARNAHAN COMMERCIAL LENDING MANAGER 126313 0 38521 0 0 0 24470 0 22667 0 211971 0 0 0 PART III - OTHER ADDITIONAL INFORMATION MEMBERS OF SENIOR MANAGEMENT ARE PARTICIPANTS IN A BENEFIT PLAN REFERRED TO AS A "SERP". THE PLAN WAS ENTERED INTO IN 2016 AND IS BEING FUNDED VIA LIFE INSURANCE POLICIES AND SPLIT DOLLAR LOAN AGREEMENTS. FORM 990 - ADDITIONAL INFORMATION NOTE REGARDING DISCOUNTED EMPLOYEE LOANS: THERE IS A PROGRAM IN PLACE THAT WAS APPROVED BY THE BOARD OF DIRECTORS FOR LOANS BEING GIVEN AT DISCOUNTED RATES TO CREDIT UNION EMPLOYEES. THESE RATES ARE DISCOUNTED AT .50% INTEREST FOR CONSUMER AND HOME EQUITY LOANS AND .125% FOR FIRST MORTGAGE AND CONSTRUCTION LOANS. IF AN EMPLOYEE IS TERMINATED FROM EMPLOYMENT, THEN THE LOAN WILL REVERT TO THE NON-DISCOUNTED RATE. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERSHIP IS OPEN TO ALL THOSE PERSONS WHO MEET THE ELIGIBILITY REQUIREMENTS, PROPERTY APPLIED FOR MEMBERSHIP, AND WHO ARE ELECTED TO MEMBERSHIP IN ANY MANNER AS SPECIFIED BY THE BOARD. ONCE BECOMING A MEMBER, MEMBERSHIP REMAINS IN EFFECT UNTIL SUCH TIME AS THE MEMBER DIES, RESIGNS, OR IS EXPELLED, UPON GOOD CAUSE AND NOTIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE ANNUAL MEETING OF THE MEMBERS FOR THE ELECTIONS OF THE DIRECTORS AND THE CONSIDERATION OF REPORTS IS HELD PRIOR TO JULY 1 OF EACH YEAR. A QUORUM OF THE MEMBERS, IN PERSON OR BY MAIL BALLOT IS USED FOR VOTING PURPOSES OF THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 A COPY OF THE FORM AND RELATED SCHEDULES ARE REVIEWED BY THE CEO AND CFO. IT IS ALSO REVIEWED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUESTED TO DISCLOSE ANY AND ALL CONFLICTS OF INTEREST AS THEY AROSE. A MORE FORMAL MONITORING AND ENFORCEMENT POLICY IS PLANNED TO BE IMPLEMENTED IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL THE PROCESS USED TO SET THE CEO'S SALARY IS BASED ON A COMBINATION OF INDUSTRY DATA FROM THE "CUES" SALARY SURVEY, CUNA'S ANNUAL COMPENSATION SURVEY, AND AN INDEPENDENT CREDIT UNION COMPENSATION CONSULTANT. THE PROCESS IS PERFORMED ANNUALLY BY THE COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE BOARD OF DIRECTORS) AND PRESENTED TO THE FULL BOARD FOR APPROVAL. THE PROCESS OF ESTABLISHING AND APPROVING THE CEO'S SALARY IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION PROCESS FOR OFFICERS THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS BASED ON A COMBINATION OF INDUSTRY DATA AND DATA OBTAINED FROM AN INDEPENDENT COMPENSATION CONSULTANT AND IS APPROVED BY THE CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE CREDIT UNION'S ANNUAL REPORT AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTINGS ON THE CREDIT UNION'S WEBSITE AT WWW.717CU.COM. QUARTERLY FINANCIAL DATA IS ALSO AVAILABLE AT WWW.NCUA.GOV. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE MAIN OFFICE OF THE CREDIT UNION. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY MAY BE MADE AVAILABLE UPON REQUEST. SOUND FINANCIAL SERVICES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341481162 FINANCIAL OH C 143240 390021 1.00000 0 KD PROPERTIES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341521043 FINANCIAL OH C 1000 1.00000 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 SOUND FINANCIAL SERVICES INC A 780 PAID