2025-11-07T15:12:10-06:00 2024-12-31 340677006 MALONEY NOVOTNY LLC 4774 MUNSON STREET NW SUITE 402 CANTON OH 447183634 990 2024-01-01 340746485 BUCKEYE STATE CREDIT UNION BUCK 3302539197 197 E THORNTON STREET AKRON OH 44311 BRAD RILEY CFO 3302539197 2025-11-06 1 1 MATTHEW J BANJO P01260593 3309669400 2024 2025-03-06 01:10:19Z MICHAEL ABERNATHY 197 E THORNTON STREET AKRON OH 44311 12167229 0 X WWW.BUCKEYECU.ORG X 1933 OH TO ENCOURAGE SAVINGS AND MAKE LOANS AT COMPETITIVELY LOW INTEREST RATES. 7 6 101 6 127846 0 1200920 784206 9565307 9109643 687066 1571551 350257 701829 11803550 12167229 0 0 0 0 4259678 4467276 0 0 0 6186894 6894149 10446572 11361425 1356978 805804 142146053 144110523 128305267 129536796 13840786 14573727 X SEE SCHEDULE O. TO ENCOURAGE SAVINGS AND MAKING LOANS AT COMPETITIVELY LOW INTEREST RATES. THE CREDIT UNION STRIVES TO PROVIDE THE HIGHEST LEVEL OF PERSONAL SERVICE IN A COURTEOUS AND PROFESSIONAL MANNER AND TO TREAT ALL INDIVIDUALS FAIRLY AND WITH DIGNITY. THE CREDIT UNION HOLDS SAFETY AND SOUNDNESS TO BE OF HIGH IMPORTANCE, PLEDGES TO SAFEGUARD THE ASSETS, PLACES A HIGH IMPORTANCE ON CONSUMER EDUCATION AND LOOKS FOR BETTER WAYS TO REACH OUT TO THE UNDER-SERVED IN THE MEMBERSHIP FIELD. IN ADDITION, THE CREDIT UNION PROMISES TO COMMUNICATE ITS SERVICES TO ITS MEMBERS IN A MEANINGFUL WAY SO THAT THEY WILL UNDERSTAND AND APPRECIATE THE UNIQUE ROLL THAT IT PLAYS IN THEIR LIVES. FINALLY, THE CREDIT UNION PLEDGES TO PRESERVE AND PROTECT THE PRIVACY AND CONFIDENTIALITY OF ALL MEMBER FINANCIAL RECORDS AND TRANSACTIONS AND TO PROVIDE THE MEMBERS WITH COMPLETE AND ACCURATE INFORMATION CONCERNING THEIR RIGHTS AS SAVERS AND BORROWERS. 0 0 MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS. DEPOSITORY ACCOUNTS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF DEPOSITORY ACCOUNTS. THE CREDIT UNION ALSO PROVIDES ITS MEMBERS WITH THE ALLOWANCE OF A DEBIT CARD AND LOGGED THOUSANDS OF TRANSACTIONS DURING THE YEAR. MEMBER SERVICES, INCLUDING INTERNET BANKING AND BILL PAY PROVIDE MEMBERS WITH THE FASTEST AND SAFEST WAYS OF TRANSACTING BUSINESS. THIS INCLUDES OVERDRAFT PROTECTION TO ASSIST MEMBERS WITH SERVICES TO AVOID UNWANTED FEES. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1221 0 1 101 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 0 0 X BRAD RILEY 3302539197 197 E THORNTON STREET AKRON OH 44311 JAMES HARTMAN DIRECTOR 2.00 X 0 0 0 DAVID NERO PRESIDENT 2.00 X X 0 0 0 JOHN WEAVER TREASURER 2.00 X X 0 0 0 MIKE WILLIAMS VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL ABERNATHY CEO 40.00 X X 281686 0 18797 CAROLE ANTHONY SECRETARY 2.00 X X 0 0 0 WALTER SIMMONS DIRECTOR 2.00 X 0 0 0 DEANA ALLEN COO 40.00 X 156450 0 7231 BRAD RILEY CFO 40.00 X 129508 0 6755 DAN PERRY CSO 40.00 X 127315 0 12044 694959 0 44827 4 0 1 0 MEDICAL MUTUAL 100 AMERICAN ROAD CLEVELAND OH 44144 HEALTH INSURANCE 485330 SHARE ONE 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 INFORMATION SYSTEMS 361637 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 FINANCIAL SERVICES 350591 RAMP 3719 S MAINT ST AKRON OH 44319 FINANCIAL SERVICES 268052 K COMPANY 2234 S ARLINGTON ROAD AKRON OH 44319 REPAIR SERVICES 220907 7 784206 784206 MEMBER LOANS-INTEREST 522291 6498303 6498303 CREDIT CARD INTERCHANGE 522200 1699243 1699243 FEES AND CHARGES 522100 912097 899410 12687 9109643 1420653 1420653 150898 0 150898 150898 150898 MISCELLANEOUS INCOME 525990 586670 586670 INSURANCE 522100 115159 115159 701829 12167229 9683626 127846 1571551 739786 2880942 89494 463480 293574 971405 115690 421653 390651 80649 222110 257509 61272 PROVISION FOR LOAN LOSS 1565391 CARD PROCESSING AND BAN 1116869 DIVIDENDS 1071625 LOAN SERVICING 382987 236338 11361425 33244372 36071378 96324233 93950688 0 1373649 3577271 3875683 10255459 3474088 6907169 6781371 2093008 2057754 142146053 144110523 3722383 2794258 4500000 4500000 120082884 122242538 128305267 129536796 X 0 0 0 0 13840786 14573727 13840786 14573727 142146053 144110523 X 805804 151496 -224359 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 996497 996497 6356984 1700873 4656111 2901978 1773215 1128763 6781371 MEMBERS' SHARES / DEPOSITS ACCOUNTS 122242538 122242538 X 12318725 151496 151496 12167229 0 12167229 11585784 224359 224359 11361425 0 11361425 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 TIMELY FILED FOR 2023 AND WILL BE FILED BY MAY 15, 2025 OR THE EXTENSION DATE FOR 2024 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL SERVICES EXPENSES 224,359. X X 0 0 0 MICHAEL ABERNATHY CEO 281686 0 0 0 0 0 12502 0 6295 0 300483 0 0 0 DEANA ALLEN COO 156450 0 0 0 0 0 6800 0 431 0 163681 0 0 0 MICHAEL ABERNATHY CEO LIFE INSURANCE X 1300000 1373649 0 1 1 1373649 PART II: LINE 1 FOR THE 2024 TAX YEAR THERE WERE NO CONTRIBUTIONS OR EXPENSES FOR THE SPLIT DOLLAR LIFE INSURANCE PLAN. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS HAVE OWNERSHIP WITH THEIR SHARE ACCOUNTS. FORM 990, PART VI, SECTION A, LINE 7A ANYONE OVER THE AGE OF 16 WITH AN ACCOUNT MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE 990 AFTER THE CPA HAS PREPARED THE TAX RETURN. THE ACCOUNTING STAFF PROVIDE THE INFORMATION NEEDED TO PREPARE THE TAX RETURN FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY ALONG WITH ALL OF THEIR OTHER POLICIES. GENERAL MONITORING IS DONE BY THE CEO, THE PRESIDENT OF THE BOARD OF DIRECTORS, AND THE INTERNAL AUDITOR. FORM 990, PART VI, SECTION B, LINE 15A THE CREDIT UNION'S STRATEGIC PLAN RESULTS ARE USED BY THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS TO DECIDE THE CEO COMPENSATION. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION AND IT IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE ASSISTANT CEO'S SALARY IS THEN REVIEWED BY THE CEO, BASED ON THE BOARD AND COMPENSATION COMMITTEE'S DECISION. ALL OTHER MANAGEMENT SALARIES ARE CONSIDERED AND BASED ON A WRITTEN REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FINANCIAL SERVICES EXPENSES -224,359. CHANGE IN ACCOUNTING PRINCIPLE - CECL ADOPTION