2022-11-15T10:59:20-06:00 2021-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2021-01-01 340800260 P S E CREDIT UNION INC PSEC 4405455105 5255 REGENCY DRIVE PARMA OH 44129 ANDREW R PACE VP FINANCE 4405455105 2022-11-10 1 ANDREW PACE 999009999 GREGORY HEIMKREITER P01331287 5138713033 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JOSEPH C ANDERSON 5255 REGENCY DRIVE PARMA OH 44129 7365292 0 X WWW.PSECREDITUNION.ORG X 1955 OH THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 8 8 72 11 35398 0 0 0 6038763 6758399 887852 606893 0 0 6926615 7365292 0 0 0 0 1686293 2318996 0 0 0 4111766 3330323 5798059 5649319 1128556 1715973 178224900 206147045 163324964 189657123 14899936 16489922 THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 0 0 PROVIDE FINANCIAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2147 0 1 72 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X PEGGY A KOCH 4405455105 5255 REGENCY DRIVE PARMA OH 44129 STEEL NOWLIN SECRETARY 1.00 X 0 0 0 KENNETH NOETZEL TREASURER 1.00 X X 0 0 0 ROBERT VASIL CHAIR 1.00 X X 0 0 0 DARLENE DEMARCO DIRECTOR 1.00 X X 0 0 0 ROBERT MOULTON DIRECTOR 1.00 X 0 0 0 KAREN NEWMAN VICE CHAIR 1.00 X 0 0 0 DAVID TOETZ DIRECTOR 1.00 X X 0 0 0 NARKITA GUZMAN DIRECTOR 1.00 X 0 0 0 PEGGY A KOCH VP OF FINANCE 37.50 X 100434 0 10128 JOSEPH C ANDERSON PRESIDENT/CEO 37.50 X 222991 0 11114 323425 0 21242 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 355710 WORLD PAY (FKA VANTIV) 5050 KINGSLEY DRIVE CINCINNATI OH 45263 ATM/DEBIT CARD PROCESSING 325473 FISERV 4897 LAKE PARK BLVD 200 SALT LAKE CITY UT 84120 DATA PROCESSING 312278 PERCEPTION MULTIMEDIA 15165 BAGLEY ROAD MIDDLEBURG HTS OH 44130 MARKETING AGENCY 174682 4 INTEREST INCOME 522100 4951476 4951476 FEES & COMMISSIONS 522100 926637 891239 35398 OTHER OPERATING INCOME 522100 880286 880286 6758399 606893 606893 7365292 6723001 35398 606893 323425 1492424 123644 231385 148118 21112 33458 4800 367314 972705 350832 11270 290693 202603 116273 LOAN PROCESSING 486411 MISCELLANEOUS EXPENSES 199875 PROVISION FOR LOAN LOSS 163358 DIRECTOR AND DUES 109619 5649319 1636242 1570824 10537111 17931394 104896979 116712335 6061102 3783636 2433967 2277466 37711750 49252315 15104304 12202972 5904547 6199739 178224900 206147045 665901 836631 162659063 188820492 163324964 189657123 X 0 0 0 0 14899936 16489922 14899936 16489922 178224900 206147045 X 1715973 -780592 654605 X X 0 1 X 1 0 0 0 614433 614433 2757879 1500889 1256990 1060217 877469 182748 1628573 1405278 223295 2277466 CERTIFICATES OF DEPOSIT 9728569 C INVESTMENTS 922884 C OTHER COOP INVESTMENT 1551519 C 12202972 MEMBERS' SHARES AND DEPOSITS 188799649 DIVIDENDS PAYABLE 20843 188820492 X PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FASB ASC, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. THE CREDIT UNION'S INCOME TAX RETURNS PRIOR TO 2016 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. X 1 1 X X X X 0 0 0 JOSEPH C ANDERSON PRESIDENT/CEO 222991 0 0 0 0 0 11114 0 0 0 234105 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN TRANSACTIONS AND CHANGES TO THE CODE OF REGULATIONS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND VP OF FINANCE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED, MONITORED AND UPDATED ANNUALLY BY KEY EMPLOYEES AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS REVIEWED AND SET BY THE BOARD OF DIRECTORS. FOR THE OTHER EMPLOYEES' COMPENSATION, THE PRESIDENT/CEO PERFORMS REVIEWS AND SETS SALARIES WITHIN PARAMETERS ESTABLISHED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH OFFICE AND ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED FROM MERGER 654,605. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A SUPERVISORY COMMITTEE THAT IS ESTABLISHED BY THE BOARD OF DIRECTORS.