2018-11-12T16:23:46-05:00 2017-12-31 232108173 RKL LLP 91 CUMBERLAND PARKWAY MECHANICSBURG PA 170555676 990 2017-01-01 230338105 LEHIGH VALLEY EDUCATORS CREDIT UNION LEHI 6108200145 3720 HAMILTON BLVD ALLENTOWN PA 18103 ROSEMARIE E KRANTZ CEO 6108200145 2018-11-12 true CHRISTIAN P PASQUALI CPA P00970025 7177909333 2018-11-12 50.202.190.94 2018-11-12 15:23:46 CS P F30BD2F1A62B9E1679AEEA56B6A19A98CE6A622E F30BD2F1A62B9E1679AEEA56B6A19A98CE6A622E 2017 2019-02-21 02:37:17Z ROSEMARIE E KRANTZ 3720 HAMILTON BLVD ALLENTOWN PA 18103 22211217 false X WWW.LVECU.ORG X 1934 PA WE WILL GROW OUR CREDIT UNION THROUGH LONG-TERM MEMBER RELATIONSHIPS AND PARTNER WITH OUR MEMBERS TO MEET THEIR EXPECTATIONS. WE WILL MAINTAIN A SOLID FINANCIAL FOUNDATION WHICH BENEFITS OUR MEMBERS AND EMPLOYEES. WE WILL PROMOTE A CULTURE WHERE EACH EMPLOYEE DEMONSTRATES A PASSION FOR EXCELLENCE. 9 9 33 2860 0 5353173 5507221 3100852 3648656 2300 1040 8456325 9156917 0 0 2030807 2180320 0 0 4370833 4900002 6401640 7080322 2054685 2076595 312575571 312635473 263067463 261521312 49508108 51114161 X WE WILL GROW OUR CREDIT UNION THROUGH LONG-TERM MEMBER RELATIONSHIPS AND PARTNER WITH OUR MEMBERS TO MEET THEIR EXPECTATIONS. WE WILL MAINTAIN A SOLID FINANCIAL FOUNDATION WHICH BENEFITS OUR MEMBERS AND EMPLOYEES. WE WILL PROMOTE A CULTURE WHERE EACH EMPLOYEE DEMONSTRATES A PASSION FOR EXCELLENCE. false false PROVIDE MORE THAN 8,300 LOANS TO OVER 16,000 MEMBERS. PROVIDE FINANCIAL SERVICES TO OVER 16,000 MEMBERS. PROVIDE LOANS AND FINANCIAL SERVICES TO OVER 16,000 MEMBERS. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 4767 0 true 33 true true true false false false false false X 9 9 true false false false true true true true true true false false true false false true true true true false X RONALD W HOUCK 6108200145 3720 HAMILTON BLVD ALLENTOWN PA 18103 WILLIAM AYERS BOARD CHAIRP 1.00 X 1000 0 0 GARY FEDORCHA BOARD VICE C 1.00 X 750 0 0 EUGENIA EMERT SECRETARY/TR 1.00 X 550 0 0 ROBERT BOLD DIRECTOR 1.00 X 500 0 0 DANIEL JOSEPH DIRECTOR 1.00 X 500 0 0 GARY PHILLIPS DIRECTOR 1.00 X 500 0 0 CARMEN RIOLA DIRECTOR 1.00 X 500 0 0 DANIEL WEAVER DIRECTOR 1.00 X 500 0 0 RYAN VAN NORMAN DIRECTOR 1.00 X 500 0 0 JILLIAN EMERT MEMBERSHIP O 1.00 X 250 0 0 ROSEMARIE E KRANTZ CEO 40.00 X 119797 0 52437 RONALD W HOUCK CFO 40.00 X 104382 0 30354 MARIE A RHODA CLO 40.00 X 85868 0 40344 315597 123135 2 false true false BENEFIT COORDINATORS CORP TWO ROBINSON PLAZA 200 PITTSBURGH PA 15205 HEALTH INS 499971 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 IT SERVICES 426951 FIDELITY INFORMATION SERVICES 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 PLASTIC CARD S 231425 CORELATION INC 2305 HISTORIC DECATUR RD 300 SAN DIEGO CA 92106 IT SERVICES 213858 ORLANDO DIEFENDERFER ELECTRICAL 116 S SECOND ST ALLENTOWN PA 18102 ELECTRIC SERVIC 178417 7 LOAN INTEREST INCOME 522291 4320520 4320520 PLASTIC CARD INCOME 522100 892123 892123 FEE INCOME 522100 291718 291718 NON-MEMBER ATM INCOME 525990 2860 2860 5507221 3625706 3625706 13077250 13052689 1611 24561 -1611 22950 -1611 24561 MISCELLANEOUS INCOME 522100 1040 1040 1040 9156917 5503790 2860 3650267 438732 982854 235753 425645 97336 14983 28133 170784 276408 763577 630765 263440 1906 16017 1480428 305556 66459 LENDING EXPENSES 568722 PROVISION FOR LOAN LOSS 192578 OTHER 120246 7080322 0 0 0 743104 501591 24664038 14127192 759266 916179 89821281 90269097 331785 353813 9431574 3097260 6086606 6334314 179758433 189831923 7612257 7408357 2798801 2893007 312575571 312635473 1173724 1428756 261893739 260092556 263067463 261521312 X 49508108 51114161 49508108 51114161 312575571 312635473 2076595 -398352 -72190 X false true X true false 1478502 1478502 5607839 2025599 3582240 2345233 1071661 1273572 6334314 MEMBER SHARE AND SAVINGS ACCOUNTS 260092556 260092556 X 8758565 -398352 -398352 9156917 9156917 7152512 72190 72190 7080322 7080322 SCHEDULE D, PAGE 3, PART X THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C) (14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. THE CREDIT UNION DID NOT INCUR UNRELATED BUSINESS INCOME TAX IN THE YEARS ENDED DECEMBER 31, 2017 AND 2016. SCHEDULE D, PAGE 4, PART XII, LINE 2D NET CHANGE IN PENSION LIABILITY 72,190 X X X X false false false ROSEMARIE E KRANTZ CEO 119797 25853 26584 172234 FORM 990 - ORGANIZATION'S MISSION WE WILL GROW OUR CREDIT UNION THROUGH LONG-TERM MEMBER RELATIONSHIPS AND PARTNER WITH OUR MEMBERS TO MEET THEIR EXPECTATIONS. WE WILL MAINTAIN A SOLID FINANCIAL FOUNDATION WHICH BENEFITS OUR MEMBERS AND EMPLOYEES. WE WILL PROMOTE A CULTURE WHERE EACH EMPLOYEE DEMONSTRATES A PASSION FOR EXCELLENCE. FORM 990, PAGE 2, PART III, LINE 4D PROVIDE LOANS AND FINANCIAL SERVICES TO OVER 16,000 MEMBERS. FORM 990, PAGE 6, PART VI, LINE 2 EUGENIA EMERT JILLIAN EMMERT SEC/TREAS MEMB OFFICER MOTHER/DAUGHTER FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF THE CREDIT UNION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF THE CREDIT UNION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B THE CREDIT UNION'S MEMBERS MUST APPROVE: -THE MERGER OF THE CREDIT UNION. -THE DISSOLUTION OR CONVERSION OF THE CREDIT UNION. -CHANGES TO THE CREDIT UNION'S CHARTER, ARTICLES AND BYLAWS. FORM 990, PAGE 6, PART VI, LINE 9 WILLIAM AYERS 5330 OVERLOOK RD SLATINGTON, PA 18080 GARY FEDORCHA 7220 N GATE DR SLATINGTON, PA 18080 EUGENIA EMERT 817 BATH AVE CATASAUQUA, PA 18032 ROBERT BOLD 4315 SAND SPRING RD SCHNECKSVILLE, PA 18078-2542 DANIEL JOSEPH N 19TH ST ALLENTOWN, PA 18104 GARY PHILLIPS 217 E SOUTH ST SLATINGTON, PA 18080 CARMEN RIOLA 20151 IAN CT UNIT 309 ESTERO, FL 33928 DANIEL WEAVER 3440 GAIL LN WHITEHALL, PA 18052 RYAN VAN NORMAN 7776 CORAL CT SLATINGTON, PA 18080 JILLIAN EMERT 805 BATH AVE CATASAUQUA, PA 18032 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CREDIT UNION'S CEO AND CFO PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE CHAIR AND VICE-CHAIR OF THE BOARD OF DIRECTORS, WHO REVIEW INFORMATION OBTAINED THROUGH THE HR PERFORMANCE SOLUTIONS COMPEASE SYSTEM. THEY THEN MAKE A RECOMMENDATION FOR THE FULL BOARD OF DIRECTORS, WHICH VOTES TO APPROVE THE SALARY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES IS BASED ON GUIDANCE FROM THE HR PERFORMANCE SOLUTIONS COMPEASE SYSTEM. A THREE YEAR SALARY PLAN IS DEVELOPED BY THE CEO, PRESENTED TO THE SALARY COMMITTEE AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR ALL EMPLOYEES, INCLUDING THE CEO, OTHER OFFICERS AND KEY EMPLOYEES, IS ALSO INCLUDED IN THE ANNUAL BUDGET. THE BUDGET IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED IN THE LOBBIES OF ALL BRANCHES ON A MONTHLY BASIS. QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE ON WWW.NCUA.GOV. FORM 990, PART XI, LINE 9 NET CHANGE IN PENSION LIABILITY -72,190