2017-11-13T10:37:37-06:00 2016-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2016-01-01 237247091 PATHWAYS FINANCIAL CREDIT UNION PATH 6144167588 5665 N HAMILTON ROAD COLUMBUS OH 43230 CHRISTOPHER B HOOVER VP FINANCE 6144167588 2017-11-13 1 GBQ PARTNERS LLC P00053072 5138713033 66.195.173.51 2017-11-13 09:29:23 ES P AC38252B5A75D530B4C577188E588F9BA155D118 F8B7C52AAB1833EC835CBCCA9A7D18E35302259A 2016 2017-02-10 21:41:12Z CHRISTOPHER B HOOVER 5665 N HAMILTON ROAD COLUMBUS OH 43230 11571141 0 X WWW.PATHWAYSCU.COM X 1973 OH TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. 9 9 89 9 48946 -96754 0 0 9569985 10861246 1606152 626574 0 0 11176137 11487820 0 0 550488 0 3821470 4597195 0 0 0 5732416 5621908 10104374 10219103 1071763 1268717 235164443 233494660 213056318 209850662 22108125 23643998 TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE LOCAL MARKETPLACE AND WITH A "SERVICE-BASED" EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNER". 0 0 PROVIDE FINANCIAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28860 0 89 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CHRISTOPHER B HOOVER 6144167588 5665 N HAMILTON ROAD COLUMBUS OH 43230 BILL KNOLES CHAIRPERSON 1.00 X X 0 0 0 MARSHA CALLOWAY BOARD MEMBER 1.00 X 0 0 0 SPENCER BARTON BOARD MEMBER 1.00 X 0 0 0 KIRK PIERSON BOARD MEMBER 1.00 X 0 0 0 MIKE SISINGER BOARD MEMBER 1.00 X 0 0 0 JACK RADICH BOARD MEMBER 1.00 X 0 0 0 JOHN DELLINGER BOARD MEMBER 1.00 X 0 0 0 GAIL KELLEY BOARD MEMBER 1.00 X 0 0 0 MIKE POE BOARD MEMBER 1.00 X 0 0 0 MIKE SHAFER CEO 40.00 X 245143 0 14631 GREG KIDWELL PRESIDENT 40.00 X 176616 0 8820 CHRIS HOOVER VP FINANCE 40.00 X 100754 0 8788 CASEY ECKLES VP OPERATIONS 40.00 X 131886 0 10378 ANDY TARBOX CIO 40.00 X 107965 0 7308 762364 0 49925 5 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD SERVICES 897651 CUA 6000 28TH STREET SE GRAND RAPIDS MI 49546 DATA PROCESSOR 662239 2 LOAN INTEREST 522130 5973503 5973503 FEE INCOME 522130 3785159 3767134 18025 OTHER INCOME 522130 1102584 1071663 30921 10861246 630478 630478 79417 83321 -3904 -3904 -3904 11487820 11438874 48946 0 762364 3834831 652332 365988 1105486 250944 12533 574899 591684 94403 CARD PROCESSING & BANK 1061667 LOAN SERVICING EXPENSE 448260 OTHER EXPENSE 349931 PROVISION FOR LOAN & LE 103997 9784 10219103 2594639 2801852 15260658 4759925 149875811 166350094 13177078 5117917 8422401 8059161 53384557 32783105 5626377 18740523 235164443 233494660 2663170 2699548 10265533 998454 200127615 206152660 213056318 209850662 X 0 0 0 0 22108125 23643998 22108125 23643998 235164443 233494660 X 1268717 61741 205415 X 0 1 X 1 0 2085828 2085828 5928528 864672 5063856 494325 472269 22056 4668397 3780976 887421 8059161 CORPORATE CDS 6038110 C US GOV'T SECURITIES & AGENCIES 496424 C CORPORATE CDS CAPITALIZATION 1787521 C MORTGAGE BACKED SECURITIES 6691250 C CERTIFICATES OF DEPOSIT 16934000 C NEGOTIABLE CERTIFICATES OF DEPOSIT 200000 C FHLB STOCK (RESTRICTED) 470300 C OTHER INVESTMENTS 165500 C 32783105 ACCRUED INTEREST - LOANS 564310 ACCRUED INTEREST - INVESTMENTS 58895 OTHER REAL ESTATE OWNED 17715 SURRENDER VALUE OF LIFE INSURANCE 14274008 PREPAID EXPENSES 352157 SHARE INSURANCE DEPOSITS 2081003 OTHER ASSETS 1392435 18740523 MEMBERS' SHARES & DEPOSITS 206152660 206152660 X 11487820 0 11487820 0 11487820 10219103 0 10219103 0 10219103 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR CERTAIN CHARGES SUCH AS NON-MEMBER ATM FEES WHICH HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS RELEASED IN MARCH 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS, THE NET TAXABLE INCOME FROM THESE CHARGES IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. TAX RETURNS WERE FILED TIMELY FOR THE 2015 CALENDAR YEAR AND WILL BE FILED BY MAY 15, 2017 FOR THE 2016 CALENDAR YEAR. AN ESTIMATED LIABILITY HAS NOT BEEN RECOGNIZED IN THE FINANCIAL STATEMENTS BECAUSE THE TAXES DUE ARE NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. 1 X X 0 0 0 MIKE SHAFER CEO 209831 0 19000 0 16312 0 10881 0 3750 0 259774 0 0 0 GREG KIDWELL PRESIDENT 149831 0 13300 0 13485 0 8820 0 0 0 185436 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE YEARS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS AND BYLAWS MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY OF THE CREDIT UNION (OHIO DIVISION OF FINANCIAL INSTITUTIONS). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS WITH THE BOARD AT THE MAY BOARD MEETING. AFTER REVIEWING THE POLICY EACH BOARD MEMBER SIGNS THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES A SALARY MANUAL PROVIDED BY CUNA (AN ORGANIZATION THAT IS SPECIFIC TO CREDIT UNIONS) FOR ALL ITS EMPLOYEES. 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 IN MERGER 205415. MEMBER POWER SERVICES GROUP 5665 N HAMILTON ROAD COLUMBUS OH 43230 271878860 CONSUMER MORTGAGE ORIGINATION OH 43724 135836 PATHWAYS FINANCIAL CREDIT UNION 23-7247091