2014-05-14T23:33:00-05:00 2013-12-31 990 2013-01-01 341019039 KENT CREDIT UNION KENT 6020 RHODES ROAD KENT OH 44240 JOSEPH CRAWFIS PRESIDENTCEO 3306782274 2014-05-14 2013 2015-11-30 17:44:51Z JOSEPH CRAWFIS 2513490 false X WWW.KENTCU.COM X 1964 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 30 7 9909 -775 0 1906587 2415141 126917 98349 0 2033504 2513490 0 83618 54936 857592 1009285 0 0 1609161 1467839 2550371 2532060 -516867 -18570 43236147 43409529 41019034 41210986 2217113 2198543 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. false false DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES GENERATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. 522130 DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBER'S ACCESS TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS CREDIT CARDS SHARED BRANCHING AND IN-PERSON AT THE CREDIT UNION'S BRANCH LOCATIONS. 522130 DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 13300 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 7200 MEMBERS.D false false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 539 0 30 true true true false false false false false false false false false false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X JOSEPH CRAWFIS 3306782274 6020 RHODES ROAD KENT OH 44240 WILLIAM BURNS CHAIRPERSON 1 X 0 0 0 PAUL MARSHALL VICE CHAIRPERSON 1 X 0 0 0 KATHY THOMAS SECRETARY 1 X 0 0 0 RONALD MOSS TREASURER 1 X 0 0 0 DAVID HOOVER DIRECTOR 1 X 0 0 0 JUDY MCKINNEY DIRECTOR 1 X 0 0 0 JANET SESSIONS DIRECTOR 1 X 0 0 0 JOSEPH CRAWFIS PRESIDENTCEO 40 X 74144 0 14921 DENISE BOYES CHIEF FINANCIAL OFFICER 40 X 59718 0 5205 133862 20126 false false false FISERV INC 4897 LAKE PARK BLVD SALT LAKE CITY UT 84120 DATA PROCESSINGEFT 398187 1 LOAN INTEREST 522291 1611560 1611560 FEE INCOME 522130 342086 335177 6909 OTHER INCOME 522130 461495 458495 3000 2415141 98349 98349 2513490 2405232 9909 98349 54936 133861 705297 101766 68361 4800 32125 49664 498786 152026 143740 5970 6107 57 103984 68863 PROVISION FOR LOAN LOSSES 183629 LOAN SERVICING EXPENSE 158449 PROFESSIONAL SERVICES 33615 26024 2532060 0 0 0 818020 1015930 4775033 4474850 115496 149746 25478265 27991112 104837 106431 1621415 731601 873377 889814 10696761 8375142 374358 406504 43236147 43409529 368747 147384 40650287 41063602 41019034 41210986 2217113 2198543 2217113 2198543 43236147 43409529 -18570 X true X true X false false 162840 162840 743994 290614 453380 35636 15547 20089 678946 425441 253505 889814 DEPOSITS IN COMMERCIAL BANKS 5754000 C OTHER INVESTMENTS IN CUS 1241000 MEMBERSHIP CAPITAL SHARES 847684 CORPORATE CU INVESTMENTS 500000 CSCU VISA RESERVE 32458 8375142 NCUSIF DEPOSIT 406504 406504 MEMBER SAVINGS & CERTIFICATES 41063602 41063602 2513490 2513490 2513490 2532060 2532060 2532060 PART VI LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 7200 MEMBER-OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING WITH THE EXCEPTION OF MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. PART VI LINE 7A THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE SELECTED BY A SIMPLE PLURALITY VOTE. A NOMINATING COMITTEE IS FORMED EACH YEAR TO ACCEPT BOARD NOMINATIONS. PART VI LINE 7B CERTAIN CHANGES TO GOVERNING DOCUMENTS (CODE OF REGULATIONS) MUST BE APPROVED BY A MAJORITY OF MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE STATE REGULATORY AGENCY. PART VI LINE 11B THE PRESIDENTCEO AND CHIEF FINANCIAL OFFICER WILL REVIEW THE ENTIRE FORM 990 BEFORE IT IS FILED WITH THE IRS. EACH ANSWER IS CONFIRMED AND CHANGES ARE MADE IF NECESSARY. THE COMPLETED FORM IS ALSO SENT OUT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW. PART VI LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD OR DO CREATE A CONFLICT OF INTEREST. THE SURVEY RESULTS ARE MAINTAINED BY THE PRESIDENTCEO. CONFLICTS ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND BOARD OF DIRECTORS. IF A CONFLICT EXISTS THEN THE CONFLICTED PARTY IS EXCUSED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT OF INTEREST. PART VI LINE 15 THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO SIMILAR SIZED CREDIT UNIONS THROUGH THE USE OF SALARY SURVEYS AS WELL AS ATTAINMENT IN THE CURRENT YEAR OF PERFORMANCE OBJECTIVES SET FOR THE CREDIT UNION. THIS PROCESS IS PERFORMED BY THE COMPENSATION COMMITTEE A SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS APPROVES ALL SALARY CHANGES FOR THE CEO UPON RECOMMENDATION OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST COMPLETED IN DECEMBER 2013 AND IS DONE ON AN ANNUAL BASIS. PART VI LINE 19 THE CREDIT UNION'S CODE OF REGULATIONS POLICIES AND FINANCIAL STATEMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S MAIN OFFICE LOCATION.