2013-11-15T15:28:25-06:00 2012-07-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 432152663 990 2012-01-01 314418247 WESTERN CREDIT UNION INC WEST 6142766589 750 GEORGESVILLE ROAD COLUMBUS OH 43228 MIKE SHAFER 6142766589 2013-11-15 1 MOLLIE LONGHOUSE P00294881 6142211120 2012 2016-03-07 17:11:31Z X MIKE SHAFER 5665 N HAMILTON ROAD COLUMBUS OH 43230 1892526 0 X WWW.WESTERNCU.COM X 1954 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS X 5 5 0 5 14013 -2336 0 0 3495934 1766358 274589 126168 0 0 3770523 1892526 0 0 407780 0 1350774 546121 0 0 0 2075371 1311107 3833925 1857228 -63402 35298 64516300 0 58688438 0 5827862 0 X TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO IT'S QUALIFIED MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS 0 1 195237 DIVIDENDS AND INTEREST PAID TO MEMBERS 546122 DIRECT LABOR AND BENEFIT COST INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS 1115869 OTHER EXPENSES INCLUDING DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN PERSON AT THE CREDIT UNION 1857228 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 X 5 5 0 1 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GBQ PARTNERS 6148922556 230 WEST STREET SUITE 700 COLUMBUS OH 43215 X JOHN A RADICH 1.00 X X 0 0 0 JOHN H DELLINGER 1.00 X X 0 0 0 JOHN C FALK SR 1.00 X X 0 0 0 BETTY L KRIST 1.00 X X 0 0 0 MARSHA CALLOWAY 1.00 X 0 0 0 MIKE SHAFER 40.00 X 0 0 0 0 0 0 0 0 0 0 CU ANSWERS 6000 28TH STREET STE 100 GRAND RAPIDS MI 49546 DATA PROCESSING 194451 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSING 188598 2 LOAN INTEREST 522100 1001396 1001396 FEE INCOME 522100 603247 589234 14013 OTHER INCOME 522100 161715 161715 1766358 126168 126168 1892526 1752345 14013 126168 546121 139709 25137 454506 147547 175569 195325 LOAN SERVICING EXPENSE 72921 PROVISION FOR LOAN LOSS 64393 NCUSIF FUNDING ADJ 36000 1857228 1594084 0 3341850 0 0 0 0 0 34019978 0 0 215620 0 0 2140680 0 4720000 0 13775357 0 1609086 0 0 3099645 0 64516300 0 1394537 57293901 0 58688438 0 X 0 0 0 0 5827862 0 5827862 0 64516300 0 X 35298 -5863160 X 0 0 0 ALL ASSETS INCLUDING CASH, INVESTMENTS, LOANS, RECEIVABLES, PREPAIDS, FIXED ASSETS AND ACCRUALS. 2012-07-31 5584601 237247091 PATHWAYS FINANCIAL CREDIT UNION 5665 N HAMILTON ROAD COLUMBUS OH 43230 501(C)(14) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: JOHN A RADICH - CHAIRMENJOHN H DELLINGER - VICE PRESIDENTJOHN C FALK SR - TREASURERBETTY L KRIST - SECRETARYMARSHA CALLOWAY - BOARD MEMBERMIKE SHAFER - CEO PART I, LINE 2E: JOHN A RADICH - CHAIRMEN OF PATHWAYS FINANCIAL CREDIT UNION 23-7247091JOHN H DELLINGER - BOARD MEMBER OF PATHWAYS FINANCIAL CREDIT UNION 23-7247091JOHN C FALK SR - BOARD MEMBER OF PATHWAYS FINANCIAL CREDIT UNION 23-7247091BETTY L KRIST - BOARD MEMBER OF PATHWAYS FINANCIAL CREDIT UNION 23-7247091MARSHA CALLOWAY - BOARD MEMBER OF PATHWAYS FINACIAL CREDIT UNION 23-7247091MIKE SHAFER - CEO OF PATHWAYS FINANCIAL CREDIT UNION 23-7247091 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 ON AUGUST 1, 2012, PATHWAYS CREDIT UNION ACQUIRED THE ASSETS, LIABILITIES AND OPERATIONS OF MEMBERS FIRST CREDIT UNION, INC. FORM 990, PART VI, SECTION A, LINE 3 MIKE SHAFER THE CEO WAS CONTRACTED THROUGH POWERCO CREDIT UNION. WESTERN CREDIT UNION PAID POWERCO $6,000 FOR HIS SERVICES DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 4 ON AUGUST 1, 2012, PATHWAYS CREDIT UNION ACQUIRED THE ASSETS, LIABILITIES AND OPERATIONS OF WESTERN CREDIT UNION, INC. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF 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 FORM 990, PART VI, SECTION A, 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 ELECTED BY A SIMPLE PLURITY. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS OR BYLAWS MUST BE APPROVED BY THE MEMBER OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER OWNERS VOTE TO APPROVE. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO BEING FILED WITH THE IRS, FORM 990 IS REVIEWED BY THE OFFICERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 12C AT EVERY BOARD MEETING THE CHAIRMAN OF THE BOARD ASKS THE MEMBERS OF THE BOARD IF THEY HAVE ANY CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED TO SET THE SALARY OF THE CEO AND THE SALARY OF OTHER KEY OFFICERS IS BASED ON A COMBINATION OF INDUSTRY RELATED DATA INCLUDING CREDIT UNION SIZE, BUSINESS COMPLEXITY, GEOGRAPHICAL LOCATION, FIELD OF MEMBERSHIP, JOB KNOWLEDGE AND EXPERIENCE TO CARRY OUT THE DUTIES OF THE POSITION. THIS DATA IS REVIEWED AND UPDATED, GENERALLY ON A THREE YEAR BASIS. THE ESTABLISHMENT OF THE CEO'S SALARY IS REVIEWED, DISCUSSED AND APPROVED BY THE FULL BOARD OF DIRECTORS AND REFLECTED IN THE CEO'S EMPLOYMENT CONTRACT. THE SALARY OF THE OTHER KEY OFFICERS IS SET BY THE CEO AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS IN THE ANNUAL BUSINESS PLAN/BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S BYLAWAS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AND CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NET ASSETS TRANSFERRED TO PATHWAYS FINANCIAL CREDIT UNION 27-7247091 -5,863,160.