1388 GENFED FINANCIAL CREDIT UNION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- 1388 GENFED FINANCIAL CREDIT UNION (EIN 34-0729554)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-27
- IRS object ID
- 201701789349300240
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-06-27T14:28:45-04:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205124788 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBS Certified Public Accountants | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 34305 Solon Road 10 | AddressLine1Txt |
| City | Solon | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44139 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 340729554 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GENFED FINANCIAL CREDIT UNION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GENF | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2492 WEDGEWOOD DR | AddressLine1Txt |
| City | AKRON | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44312 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOYCE JONES | PersonNm |
| Person Title | PRESIDENT CEO | PersonTitleTxt |
| Phone | 3307802403 | PhoneNum |
| Signature | 2017-05-03 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Ronald Schmidt | PreparerPersonNm |
| PTIN | P00531795 | PTIN |
| Phone | 4405421536 | PhoneNum |
| Preparation | 2017-06-27 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 107.143.105.143 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-06-27 | IPDt |
| IP Tm | 14:30:09 | IPTm |
| Federal Original Submission Id | 3469532017178r4nvfew | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2017-06-27 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DBE2216F0D566902D97EE09AA0D4E27EAE7AB825 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | DBE2216F0D566902D97EE09AA0D4E27EAE7AB825 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,003,986 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GENFED | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CREDIT UNION | OtherOrganizationDsc |
| Formation | 1937 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 104 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $32,635 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,867,458 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,678,321 | CYProgramServiceRevenueAmt |
| PY Investment Income | $216,878 | PYInvestmentIncomeAmt |
| CY Investment Income | $293,030 | CYInvestmentIncomeAmt |
| PY Other Revenue | $32,554 | PYOtherRevenueAmt |
| CY Other Revenue | $32,635 | CYOtherRevenueAmt |
| PY Total Revenue | $11,116,890 | PYTotalRevenueAmt |
| CY Total Revenue | $11,003,986 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $657,819 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $752,187 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,956,955 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,189,201 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,547,464 | PYOtherExpensesAmt |
| CY Other Expenses | $5,617,940 | CYOtherExpensesAmt |
| PY Total Expenses | $10,162,238 | PYTotalExpensesAmt |
| CY Total Expenses | $10,559,328 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $954,652 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $444,658 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $229,252,202 | TotalAssetsBOYAmt |
| Total Assets EOY | $231,067,548 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $194,198,278 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $196,002,986 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $35,053,924 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $35,064,562 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,902,302 | ExpenseAmt |
| Desc | OTHER PROGRAM SERVICES | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,189,201 | ExpenseAmt |
| Desc | DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $752,187 | ExpenseAmt |
| Desc | DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 45,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 25,000 MEMBERS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $695,043 | ExpenseAmt |
| Desc | PROVISION FOR LOAN LOSS EXPENSE INCURRED ON THE MEMBERS LOAN PORTFOLIO | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $695,043 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $10,538,733 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6909 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 104 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANN BINNIE | PersonNm |
| Phone | 3307802403 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2492 WEDGEWOOD DR | AddressLine1Txt |
| City | AKRON | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44312 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| JOYCE JONES | |||||||
| PRESIDENT CEO | 40.00 | 0.00 | Yes (X) | Yes (X) | $354,639 | $0 | $862,294 |
| NANCY KROH | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL BULLARD | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| M JOAN REED | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| SYLVIA THOMPSON | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GUNDER GUNDERSEN | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MELINDA STAHL | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTY L YOUNG | |||||||
| SVP CFO | 40.00 | 0.00 | Yes (X) | $114,495 | $0 | $9,451 | |
| GREG ATHEY | |||||||
| VP CIO | 40.00 | 0.00 | Yes (X) | $105,746 | $0 | $13,223 | |
| RICHARD TODD | |||||||
| VP COO | 40.00 | 0.00 | Yes (X) | $95,118 | $0 | $551 | |
| KIMBERLY PALLAS | |||||||
| VP CMO | 40.00 | 0.00 | Yes (X) | $87,308 | $0 | $517 | |
| MICHAEL KUNGLI | |||||||
| VP OF BR OPERATIONSBUS DEV | 40.00 | 0.00 | Yes (X) | $86,992 | $0 | $10,756 | |
| ANN BINNIE | |||||||
| VP OF BRANCH OPERATIONS | 40.00 | 0.00 | Yes (X) | $56,220 | $0 | $338 | |
| JULIA TIMBROOK | |||||||
| AVP OF HR | 40.00 | 0.00 | Yes (X) | $72,568 | $0 | $9,948 | |
| THERESA THORNTON | |||||||
| VP OF LENDING | 0.00 | 0.00 | Yes (X) | $63,739 | $0 | $7,006 | |
| BRANDON PETIT | |||||||
| AVP OF IT | 0.00 | 0.00 | Yes (X) | $75,211 | $0 | $7,017 | |
| CHRISTINE CREW | |||||||
| AP OF MARKETING | 0.00 | 0.00 | Yes (X) | $53,377 | $0 | $8,906 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,165,413 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $930,007 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INTEREST | 522291 | $7,018,990 | $7,018,990 |
| FEE INCOME | 522100 | $2,344,249 | $2,344,249 |
| OTHER OPERATING INCOME | 524298 | $1,315,082 | $1,315,082 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,678,321 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $292,691 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $292,691 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $32,635 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $32,635 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,635 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $32,635 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $339 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $339 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $339 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $339 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,003,986 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,971,351 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $32,635 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $752,187 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,165,413 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,023,788 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $915,102 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,421,359 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $658,978 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,499 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,595 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,210 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PROVISION FOR LOAN LOSS | $695,043 | $695,043 |
| EDUCATION & PROMOTION | $224,811 | $224,811 |
| LOAN SERVICING | $549,765 | $549,765 |
| OPERATING FEES | $49,578 | $49,578 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,559,328 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,503,334 | BOYAmt |
| EOY | $2,555,789 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,725,247 | BOYAmt |
| EOY | $36,090,413 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,250 | BOYAmt |
| EOY | $1,162,108 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,755,690 | BOYAmt |
| EOY | $159,003,289 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,853,631 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,642,019 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,691,881 | BOYAmt |
| EOY | $7,211,612 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,012,533 | BOYAmt |
| EOY | $21,111,409 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $916,398 | BOYAmt |
| EOY | $916,398 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,846,869 | BOYAmt |
| EOY | $3,016,530 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,252,202 | BOYAmt |
| EOY | $231,067,548 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,922,807 | BOYAmt |
| EOY | $2,892,665 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,000,000 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,275,471 | BOYAmt |
| EOY | $193,110,321 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,198,278 | BOYAmt |
| EOY | $196,002,986 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,053,924 | BOYAmt |
| EOY | $35,064,562 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,053,924 | BOYAmt |
| EOY | $35,064,562 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,252,202 | BOYAmt |
| EOY | $231,067,548 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $444,658 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$434,020 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $945,087 | OtherCostOrOtherBasisAmt |
| Book Value | $945,087 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,645,234 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,733,715 | DepreciationAmt |
| Book Value | $4,911,519 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $202,501 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,446 | DepreciationAmt |
| Book Value | $169,055 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,060,809 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,874,858 | DepreciationAmt |
| Book Value | $1,185,951 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,211,612 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| DEPOSITS IN COMMERCIAL BANKS & CU | $12,400,000 | C |
| OTHER INVESTMENTS | $8,711,409 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $21,111,409 | TotalBookValueSecuritiesAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIP CAPITAL AT CORP CU | Desc |
| Book Value | $916,398 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $916,398 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| NCUA SHARE INS CAP DEPOSIT | $1,885,059 |
| ACCRUED INTEREST | $264,343 |
| OTHER ASSETS | $867,128 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,016,530 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SHARES AND DEPOSITS | Desc |
| Amt | $193,110,321 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $193,110,321 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $11,003,986 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $11,003,986 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $11,003,986 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $10,559,328 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $10,559,328 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $10,559,328 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOYCE JONES | PersonNm |
| Title | PRESIDENT CEO | TitleTxt |
| Base Compensation Filing Org | $313,500 | BaseCompensationFilingOrgAmt |
| Bonus Filing Organization | $40,154 | BonusFilingOrganizationAmount |
| Other Compensation Filing Org | $985 | OtherCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $854,565 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $7,729 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $1,216,933 | TotalCompensationFilingOrgAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Listed persons compensation information (Part I, line 4) | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION HAS 457(F) DEFERRED COMPENSATION PLANS IN AFFECT FOR SENIOR OFFICERS LISTED IN 990, PART VII, SECTION A. FUTURE PAYOUTS OF EARNINGS-ONLY WILL OCCUR AT VARIOUS DATES BASED ON A SPECIFIED SCHEDULE FOR EACH PARTICIPANT. A SENIOR OFFICER RECEIVED A 457(F) IN 2016. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (15 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| MICHAEL BULLARD | |||||||
| DIRECTOR | PERSONAL LOAN | Yes (X) | $68,500 | $51,660 | false | Yes (true) | Yes (true) |
| GREG ATHEY | |||||||
| VP CIO | PERSONAL LOAN | Yes (X) | $48,000 | $41,955 | false | false | Yes (true) |
| MELINDA STAHL | |||||||
| DIRECTOR | PERSONAL LOAN | Yes (X) | $41,950 | $6,680 | false | Yes (true) | Yes (true) |
| KIMBERLY PALLAS | |||||||
| VP CMO | PERSONAL LOAN | Yes (X) | $114,000 | $97,592 | false | false | Yes (true) |
| MELINDA STAHL | |||||||
| DIRECTOR | PERSONAL LOAN | Yes (X) | $137,000 | $81,133 | false | Yes (true) | Yes (true) |
| RICHARD TODD | |||||||
| VP COO | PERSONAL LOAN | Yes (X) | $218,700 | $210,517 | false | false | Yes (true) |
| GREG ATHEY | |||||||
| VP CIO | PERSONAL LOAN | Yes (X) | $198,200 | $174,040 | false | false | Yes (true) |
| NANCY KROH | |||||||
| DIRECTOR | PERSONAL LOAN | Yes (X) | $82,000 | $63,346 | false | Yes (true) | Yes (true) |
| CHRISTINE YOUNG | |||||||
| VP CFO | PERSONAL LOAN | Yes (X) | $145,000 | $137,249 | false | false | Yes (true) |
| JOYCE JONES | |||||||
| CEO | PERSONAL LOAN | Yes (X) | $248,650 | $222,855 | false | false | Yes (true) |
| BRANDON PETIT | |||||||
| AVP IT | PERSONAL LOAN | Yes (X) | $35,000 | $24,538 | false | false | Yes (true) |
| BRANDON PETIT | |||||||
| AVP IT | PERSONAL LOAN | Yes (X) | $27,948 | $17,159 | false | false | Yes (true) |
| CHRISTINE CREW | |||||||
| AVP MARKETING | PERSONAL LOAN | Yes (X) | $25,814 | $20,534 | false | false | Yes (true) |
| CHRISTINE CREW | |||||||
| AVP MARKETING | PERSONAL LOAN | Yes (X) | $17,505 | $10,657 | false | false | Yes (true) |
| CHRISTINE CREW | |||||||
| AVP MARKETING | PERSONAL LOAN | Yes (X) | $15,000 | $2,193 | false | false | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $1,162,108 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 25,000 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING WITH THE EXCEPTION OF THE MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. |
| Member election for additional members Part VI line 7a | NOT LESS THAN 120 DAYS PRIOR TO THE ANNUAL MEETING, THE CHAIRMAN SHALL APPOINT A NOMINATING COMMITTEE OF NOT LESS THAN THREE MEMBERS. THE NOMINATING COMMITTEE NOMINATES AT LEAST ONE MEMBER FOR EACH VACANCY FOR WHICH REGULAR TERMS EXPIRE. THE COMMITTEE FILES ITS NOMINATIONS WITH THE SECRETARY OF THE CU AT LEAST 90 DAYS BEFORE THE ANNUAL MEETING, AND NOTIFIES IN WRITING ALL MEMBERS ELIGIBLE TO VOTE AT LEAST 75 DAYS BEFORE THE ANNUAL MEETING THAT NOMINATIONS FOR VACANCIES MAY ALSO BE MADE BY PETITION SIGNED BY 1% OF THE MEMBERSHIP, OR 500 MEMBERS, WHICHEVER IS LESS. ALL PERSONS NOMINATED BY EITHER THE NOMINATING COMMITTEE OR BY PETITION MUST BE PLACED BEFORE THE MEMBERS. ALL ELECTIONS ARE DETERMINED BY PLURALITY VOTE BY BALLOT. |
| Governing body decisions Part VI line 7b | ANY ACTION WHICH MAY BE AUTHORIZED OR TAKEN AT A MEETING OF THE MEMBERS MAY BE DONE SO WITHOUT A MEETING WITH THE AFFIRMATIVE VOTE OR APPROVAL OF, & IN WRITINGS SIGNED BY ALL THE DIRECTORS OR 2/3 OF THE VOTING MEMBERS, WHO WOULD BE ENTITLED TO NOTICE OF MEETING FOR SUCH PURPOSES. ANY SUCH WRITING SHALL BE FILED WITH OR ENTERED UPON THE RECORDS OF THE CREDIT UNION. CHANGES TO THE ARTICLES OF INCORPORATION AND/OR THE CODE OF REGULATIONS CAN BE APPROVED AT A DULY HELD MEMBER MEETING BY AN AFFIRMATIVE 2/3 VOTE OF VOTING MEMBERS.THE BOARD OF DIRECTORS CAN AMEND THE ARTICLES RELATED TO FIELD OF MEMBERSHIP, NAME OF CORP, PLACE OF PRINCIPAL BUSINESS AND AUTHORIZED NUMBER OF SHARES. ANY AMENDMENTS ARE ONLY EFFECTIVE AFTER APPROVAL BY THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS. |
| Form 990 governing body review Part VI line 11 | THE BOARD OF DIRECTORS WILL REVIEW THE 990 AT A REGULAR MONTHLY (OR SPECIALLY CALLED, IF NECESSARY) MEETING PRIOR TO IT BEING FILED. |
| Conflict of interest policy compliance Part VI line 12c | THE COMPLIANCE OFFICER OBTAINS SIGNED PARTY IN INTEREST FORMS EACH YEAR DETAILING ACCOUNTS HELD AT THE INSTITUTION BY EMPLOYEES AND OFFICIAL VOLUNTEERS. THE DOCUMENTATION IS MAINTAINED, REVIEWED, AND UPDATED REGULARLY. |
| CEO executive director top management comp Part VI line 15a | THE EXECUTIVE COMMITTEE DETERMINES THE CEOS WAGE AND ANY ANNUAL BONUS AFTER PERFORMING AN ANNUAL EVALUATION. THE COMMITTEE USES A CURRENT CEO COMPENSATION SURVEY OF CREDIT UNIONS AND COMMUNITY BANKS FOR COMPARISON. THE CEOS ANNUAL SALARY AND BONUS INFORMATION ALONG WITH THE LETTER FROM THE BOARD CHAIRPERSON (WHO IS ALSO THE CHAIR OF THE EXEC. COMMITTEE) OFFICIALLY STATING THE SAME IS AVAILABLE FOR REVIEW TO THE BOARD OF DIRECTORS AND OUTSIDE AUDITORS DURING THE ANNUAL AUDITS. |
| Other officer or key employee compensation Part VI line 15b | THE CEO DETERMINES THE WAGES OF THE OTHER OFFICERS AND KEY EMPLOYEES. THE MOST RECENT CUNA SALARY SURVEY IS USED TO DETERMINE POSITION MIDPOINTS. AN ANNUAL APPRAISAL IS COMPLETED FOR EACH OFFICER OR KEY EMPLOYEE. ANNUAL BONUSES FOR OFFICERS (OTHER THAN CEO) AND KEY STAFF ARE CALCULATED USING A CONSISTENT FORMULA. OFFICER AND KEY EMPLOYEE WAGES ARE AVAILABLE FOR REVIEW TO THE BOARD OF DIRECTORS AND TO OUTSIDE AUDITORS DURING ANNUAL AUDITS. |
| Governing documents etc available to public Part VI line 19 | THE ANNUAL REPORT IS MADE AVAILABLE TO ALL MEMBERS VIA MAIL, EMAIL, ON THE CREDIT UNIONS WEBSITE, IN THE BRANCH OFFICES, AND AT THE ANNUAL MEETING. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH OFFICES. THE ARTICLES OF INCORPORATION ARE POSTED ON OHIOS STATE WEBSITE FOR PUBLIC VIEWING. |