2021-05-17T09:54:05-07:00 2020-12-31 990 2020-01-01 310646159 944 Pillar Credit Union 944P 7403899960 300 BARKS ROAD EAST MARION OH 43302 CHRISTINE GIBSON Chief Financial Officer 7403899960 2021-05-17 1 11 0 AAL2 X 2020 2022-09-23 18:48:47Z X Pillar Credit Union 300 Barks Rd E Marion OH 43302 3736517 0 X pillarcu.com X 1960 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES AND EDUCATION TO QUALIFIED MEMBERS. 7 7 27 7 0 0 0 0 3698875 3353496 523024 383021 0 0 4221899 3736517 0 0 778579 659808 948814 984817 0 0 0 1795796 1524413 3523189 3169038 698710 567479 77100690 83887356 68952544 75342320 8148146 8545036 TO PROVIDE LENDING, SAVINGS, EDUCATION, AND OTHER FINANCIAL SERVICES TO QUALIFIED MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. 0 0 659808 0 DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 15,000 ACOUNTS HELD BY 9093 MEMBERS. 980483 DIRECT LABOR AND EMPLOYEE COSTS INCURRD PROVIDING SAVING DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. 1528747 DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMEBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NEWTWORKS AND IN PERSON AT THE CREDIT UNION. 0 0 0 3169038 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1654 0 1 27 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X VIDYA IYENGAR 7403899960 300 BARKS ROAD EAST MARION OH 43302 VIDYA IYENGAR CEO 40 X 168083 0 4629 THOMAS M VEITH DIRECTOR 0.50 X 0 0 0 RYAN W COOK DIRECTOR - VICECHAIR 0.50 X 0 0 0 DANIEL R DREHER DIRECTOR - TREASURER 0.50 X 0 0 0 ADAM WILLAUER DIRECTOR - CHAIR 1.00 X 0 0 0 RICHARD MAULT DIRECTOR 0.50 X 0 0 0 CINDY J SCHIFER DIRECTOR 0.50 X 0 0 0 MATT KELLOOG DIRECTOR - SECRETARY 0.50 X 0 0 0 168083 0 4629 1 0 1 0 FISERV 255 Fiserv Dr Brookfield WI 53045 CARD PROCESSOR 125036 1 0 Loan Income 522130 2399341 2399341 0 0 Fee Income 522130 947360 947360 0 0 Gain/Loss on Sales 522130 6795 6795 0 0 0 0 0 0 3353496 383021 383021 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3736517 3736517 0 0 0 0 0 659808 172712 0 659460 36336 52713 63596 0 2525 21737 0 0 0 1433 151791 169963 95776 0 221266 0 0 22741 0 0 74219 20266 Lending 385481 Plastic/ACH/Draft/Bank Fees 278052 Supervisory Fee/Contributions/Misc 79163 3169038 0 0 0 1280757 1512530 4734465 11583324 0 0 11998 19484 1854189 1919789 0 0 52317630 53712585 0 0 595783 663875 6248091 2696521 2191425 3551570 0 0 0 0 13359605 10491613 0 0 754838 432586 77100690 83887356 220812 305258 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68731732 75037062 68952544 75342320 X 0 0 0 0 8148146 8545036 8148146 8545036 77100690 83887356 567479 -170589 0 0 0 0 X 0 1 X 1 0 0 626267 626267 0 3627245 977062 2650183 0 35613 35613 0 0 1958966 1683846 275120 0 0 0 0 3551570 CD's and Agencies 8382924 F Corporate One FCU 460450 C FHLB Invest 123500 C New York Life 1524739 C 10491613 Member Share Accounts 75037062 75037062 3736517 0 0 0 0 0 3736517 0 0 0 3736517 3169038 0 0 0 0 0 3169038 0 0 0 3169038 X X 0 0 0 VIDYA IYENGAR CEO 168082 0 0 0 0 0 4629 0 0 0 172711 0 0 0 Vidya Iyengar CEO Deferred Comp X 1752920 1752920 0 1 1 1752920 Form 990, Part VI, Section A, Line 6 The credit union is comprised of a single class of approximately 8500 voting member-owners, each of which has equal rights to ownership and voting rights at the annual meeting. Form 990, Part VI, Section A, Line 7a The credit union member-owners have the authority to elect the members of the Board of Directors for a three-year term on a rotating basis. Form 990, Part VI, Section A, Line 7b Any changes to the governing documents (by-laws) of the credit union must be approved by the member-owners after they have been approved by the Board of Directors and the regulatory agency. A 51% majority vote from the membership is required for approval. Form 990, Part VI, Section B, Line 11b A copy of the form 990 and related schedules are reviewed by the CEO. After the CEO review, the 990 is then reviewed by the Board of Directors. Once reviewed, the form is then submitted to the IRS. Form 990, Part VI, Section B, Line 12c Board members and officials annually complete a survey related to loans, business relationships, and family members that could or do create a conflict of interest. Form 990, Part VI, Section B, Line 15 The process used to set the CEO's salary is based on a combination of comparison to the comparable-sized credit unions through the use of CUE's Annual Compensation Survey and the attainment in the current year of pre-defined performance objectives set for the CEO personally and the credit union. The process is performed by a sub-committee of the Board of Directors and presented to the whole Board for approval. Form 990, Part VI, Section C, Line 19 The credit union's bylaws, Conflict of Interest Policy, and Financial Statements are available for review to the public by appointment at the credit union office.