2017-11-10T06:44:37-05:00 2016-12-31 232290841 PADDEN GUERRINI & ASSOCIATES PC 91 CUMBERLAND PARKWAY MECHANICSBURG PA 170555676 990 2016-01-01 230338105 LEHIGH VALLEY EDUCATORS CREDIT UNION LEHI 6108200145 3720 HAMILTON BLVD ALLENTOWN PA 18103 ROSEMARIE E KRANTZ CEO 6108200145 2017-11-08 true FREDERICK A TABOR P00193630 7177909333 2017-11-10 81636149E3FC226514536E83CB6D46ED48088B7E 81636149E3FC226514536E83CB6D46ED48088B7E 2016 2017-02-10 21:41:12Z ROSEMARIE E KRANTZ 3720 HAMILTON BLVD ALLENTOWN PA 18103 19980072 false X WWW.LVECU.ORG X 1934 PA THE LEHIGH VALLEY EDUCATORS CREDIT UNION, A NOT FOR PROFIT FINANCIAL SERVICE ORGANIZATION, PROVIDES QUALITY FINANCIAL SERVICES OF EXCEPTIONAL VALUE TO EACH MEMBER WHILE MAINTAINING A SOUND BUSINESS STRUCTURE. 9 9 29 3212 0 5143974 5353173 2873662 3100852 -1523 2300 8016113 8456325 0 0 1960756 2030807 0 0 3948418 4370833 5909174 6401640 2106939 2054685 303459698 312575571 254000207 263067463 49459491 49508108 X THE LEHIGH VALLEY EDUCATORS CREDIT UNION, A NOT FOR PROFIT FINANCIAL SERVICE ORGANIZATION, PROVIDES QUALITY FINANCIAL SERVICES OF EXCEPTIONAL VALUE TO EACH MEMBER WHILE MAINTAINING A SOUND BUSINESS STRUCTURE. false false PROVIDE MORE THAN 8,700 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 5240 0 true 29 true true true false false false false false X 9 9 false false false false true true true true true false 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 ROSEMARIE E KRANTZ CEO 40.00 X 106894 0 50971 RONALD W HOUCK CFO 40.00 X 102801 0 32794 214995 83765 2 false true false FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 IT SERVICES 728258 CORELATION INC 2305 HISTORIC DECATUR RD 300 SAN DIEGO CA 92106 IT SERVICES 655440 BLUE POINT SOLUTIONS 350 TECHNOLOGY PKWY NW 200 PEACHTREE CORNERS GA 30092 CHECK PROCESSIN 270185 FIDELITY INFORMATION SERVICES 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 PLASTIC CARD S 235321 NEXT STEP INTERNATIONAL INC 4630 S KIRKMAN ROAD NO612 ORLANDO FL 32811 TECH CONSULTING 234632 5 LOAN INTEREST INCOME 522291 4213785 4213785 PLASTIC CARD INCOME 522100 863861 863861 FEE INCOME 522100 272315 272315 NON-MEMBER ATM INCOME 525990 3212 3212 5353173 3054430 3054430 11570169 11523747 46422 46422 46422 MISCELLANEOUS INCOME 522100 2300 2300 2300 8456325 5352261 3212 3100852 298760 1040866 192986 394219 103976 54761 24571 79573 238599 826738 654654 248767 1722 19061 976830 210458 70556 LENDING EXPENSES 581705 PROVISION FOR LOAN LOSS 273503 OTHER 109335 6401640 0 0 0 726773 743104 17294947 24664038 765661 759266 89169841 89821281 124484 331785 9499702 3413096 5471663 6086606 181411171 179758433 6022457 7612257 2472701 2798801 303459698 312575571 505514 1173724 253494693 261893739 254000207 263067463 X 49459491 49508108 49459491 49508108 303459698 312575571 2054685 -1657121 -348947 X false true X true false 1478502 1478502 5607839 1884793 3723046 2413361 1528303 885058 6086606 MEMBER SHARE AND SAVINGS ACCOUNTS 261893739 261893739 X 6799204 -1657121 -1657121 8456325 8456325 6750587 348947 348947 6401640 6401640 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, 2016 AND 2015. SCHEDULE D, PAGE 4, PART XII, LINE 2D NET CHANGE IN PENSION LIABILITY 348,947 X X X X false false false ROSEMARIE E KRANTZ CEO 106894 21792 29179 157865 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 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 11B THE FORM 990 IS REVIEWED BY THE CREDIT UNION'S MANAGEMENT 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 -348,947