2025-11-12T23:34:44-06:00 2024-12-31 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2024-01-01 230338105 LEHIGH VALLEY EDUCATORS CREDIT UNION LEHI 6108200145 3720 HAMILTON BLVD ALLENTOWN PA 18103 ROSEMARIE KRANTZ CEO 6108200145 2025-11-11 1 0 RUTHANN J WOLL CPA P00647342 6103761595 2025-11-11 2024 2025-03-06 01:10:19Z ROSEMARIE KRANTZ 3720 HAMILTON BLVD ALLENTOWN PA 18103 27637080 0 X WWW.LVECU.ORG X 1934 PA MAINTAIN FINANCIAL SOUNDNESS WHILE EMPOWERING MEMBERS TO WORK TOWARD FINANCIAL SUCCESS 10 10 31 10 1866 0 0 0 8106213 8963890 4194253 9975125 11417 48806 12311883 18987821 90000 90000 0 0 2731526 2659402 0 0 0 8766026 13213258 11587552 15962660 724331 3025161 412042275 437645185 364897568 385983071 47144707 51662114 MAINTAIN FINANCIAL SOUNDNESS WHILE EMPOWERING MEMBERS TO WORK TOWARD FINANCIAL SUCCESS. 0 0 PROVIDE MORE THAN 8,300 LOANS TO OVER 15,000 MEMBERS. PROVIDE FINANCIAL SERVICES TO OVER 15,000 MEMBERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 9562 0 1 31 1 1 1 0 0 0 0 0 0 0 X 10 10 1 0 0 0 1 1 1 1 1 1 0 0 1 0 0 0 1 1 1 0 X ANN HOFF 6108200145 3720 HAMILTON BLVD ALLENTOWN PA 18103 WILLIAM AYERS BOARD CHAIRPERSON 1.00 X 2000 0 0 GARY FEDORCHA BOARD VICE CHAIR 1.00 X 1500 0 0 EUGENIA EMERT SECRETARY/TREASURER 1.00 X 1500 0 0 JILLIAN EMERT MEMBERSHIP OFFICER 1.00 X 500 0 0 DANIEL JOSEPH DIRECTOR 1.00 X 750 0 0 SHERRI MOLITORIS DIRECTOR 1.00 X 750 0 0 DENNIS NEMES - ENDING 9152024 DIRECTOR 1.00 X 750 0 0 RYAN VAN NORMAN DIRECTOR 1.00 X 750 0 0 GARY PHILLIPS DIRECTOR 1.00 X 750 0 0 DANIEL WEAVER - ENDING 12312024 DIRECTOR 1.00 X 750 0 0 BARBARA NEMES - BEGINNING 11252024 DIRECTOR 1.00 X 0 0 0 ROSEMARIE E KRANTZ CEO 40.00 X 207377 0 175584 ANN HOFF CFO 40.00 X 113468 0 62635 MARIE A RHODA CLO 40.00 X 135866 0 79432 466711 0 317651 3 0 1 0 FISERV PO BOX 934057 ATLANTA GA 31193 DEBIT CARD PROCESSING 475604 ALKAMI TECHNOLOGY 5601 GRANITE PKWY SUITE 120 PLANO TX 75024 DIGITAL BANKING SERVICES 339233 FIDELITY INFORMATION SERVICES 601 RIVERSIDE AVE JACKSONVILLE FL 32204 PLASTIC CARD SERVICES 306826 PSCU VELERA 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT AND CREDIT PROCESSING 290935 CORELATION INC 2305 HISTORIC DECATUR SUITE 300 SAN DIEGO CA 92106 SOFTWARE MAINTENANCE 132624 5 LOAN INTEREST INCOME 522291 7302848 7302848 PLASTIC CARD INCOME 522100 1273480 1273480 FEE INCOME 522100 385696 385696 NON MEMBER ATM INCOME 525990 1866 1866 8963890 9945384 9945384 8679000 8649259 29741 29741 29741 MISCELLANEOUS INCOME 522100 48806 48806 48806 18987821 9010830 1866 9975125 90000 801597 1417597 -108860 410937 138131 44672 2548 238187 324160 1169116 945278 416979 2292 27961 7762092 252742 85430 LENDING EXPENSES 1264764 PROVISION FOR LOAN LOSS 568790 OTHER 108247 15962660 950204 1172950 39992151 51393673 1353775 1631839 116511900 116863217 580405 1288576 9335237 5033039 4455633 4302198 242816697 255482366 217900 210700 5163610 5299666 412042275 437645185 676703 526637 364220865 385456434 364897568 385983071 X 0 0 0 0 0 0 47144707 51662114 412042275 437645185 X 3025161 1381196 111050 X X 0 1 X 1 0 1478502 1478502 5607839 3011240 2596599 2248896 2021799 227097 4302198 MEMBER SHARE AND SAVINGS ACCOUNTS 385456434 385456434 X 20480069 1381198 111050 1492248 18987821 0 18987821 15962660 0 15962660 0 15962660 PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN 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 FOR THE YEAR ENDED DECEMBER 31, 2023 AND DOES NOT ANTICIPATE ANY UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: DEFINED BENEFIT PENSION PLAN 111,050. PART XII, LINE 2D NET CHANGE IN PENSION LIABILITY 0 ALLENTOWN SCHOOL DISTRICT 31 S PENN ST ALLENTOWN PA 18102 236003488 50(C)(3) 0 10000 BACKPACK PROGRAM CATASAUQUA SCHOOL DISTRICT 201 N 14TH ST CATASAUQUA PA 18032 236005528 50(C)(3) 0 10000 BACKPACK PROGRAM EAST PENN SCHOOL DISTRICT 800 PINE ST EMMAUS PA 18049 811197085 501(C)(3) 0 10000 BACKPACK PROGRAM NORTHERN LEHIGH SCHOOL DISTRICT 1201 SHADOW OAKS LANE SLATINGTON PA 18080 208427069 501(C)(3) 0 10000 BACKPACK PROGRAM NORTHWESTERN LEHIGH SCHOOL DISTRICT 6439 RT 309 NEW TRIPOLI PA 18066 362167817 501(C)(3) 0 10000 BACKPACK PROGRAM PARKLAND SCHOOL DISTRICT 1210 SPRINGHOUSE RD ALLENTOWN PA 18104 452645543 501(C)(3) 0 10000 BACKPACK PROGRAM SALISBURY SCHOOL DISTRICT 1140 SALISBURY RD ALLENTOWN PA 18103 060646888 501(C)(3) 0 10000 BACKPACK PROGRAM SOUTHERN LEHIGH SCHOOL DISTRICT 5775 MAIN ST CENTER VALLEY PA 18034 270328801 501(C)(3) 0 10000 BACKPACK PROGRAM WHITEHALL-COPLAY SCHOOL DISTRICT 2940 MACARTHUR RD WHITEHALL PA 18052 396005205 501(C)(3) 0 10000 BACKPACK PROGRAM 9 0 X X X X 0 0 0 ROSEMARIE E KRANTZ CEO 207377 0 0 0 0 0 147348 0 28236 0 382961 0 0 0 MARIE A RHODA CLO 135866 0 0 0 0 0 72855 0 6577 0 215298 0 0 0 ANN HOFF CFO 113468 0 0 0 0 0 32949 0 29686 0 176103 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 EUGENIA EMERT AND JILLIAN EMERT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS A SINGLE VOTE IN THE ELECTION OF THE CREDIT UNION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CREDIT UNION'S CEO AND CFO PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 15 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 INCLUDE THE COMPENSATION AMOUNT IN THE BUDGET, WHICH IS THEN PRESENTED TO THE FOR THE FULL BOARD OF DIRECTORS, WHO VOTE TO APPROVE THE SALARY. COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES IS BASED ON GUIDANCE FROM THE HR PERFORMANCE SOLUTIONS COMPEASE SYSTEM. A YEARLY 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, PART VI, SECTION C, LINE 19 QUARTERLY FINANCIAL STATEMENTS (CALL REPORTS) ARE AVAILABLE ON WWW.NCUA.GOV. FORM 990, PART XI, LINE 9: DEFINED BENEFIT PENSION PLAN 111,050. PART XII LINE 2C THERE WAS NO CHANGE FROM PRIOR YEAR.