2012-05-09T17:40:00-05:00 2011-12-31 990 2011-01-01 341019039 KENT CREDIT UNION KENT 3306782274 6020 RHODES ROAD KENT OH 44240 JOSEPH CRAWFIS 3306782274 2012-05-09 2011 2016-02-24 21:20:13Z KENT CREDIT UNION JOSEPH CRAWFIS 6020 RHODES ROAD KENT OH 44240 1864221 false true X WWW.KENTCU.COM X CR UNION 1964 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 32 7 4866 -1828 0 1777879 1673956 239845 190265 0 2017724 1864221 0 261180 117820 665593 673275 0 0 1336909 1151846 2263682 1942941 -245958 -78720 38486462 40620416 35673762 37886436 2812700 2733980 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. false false DIRECT LABOR AND EMPLOYEE BENEFITS COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES GENERATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 12100 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 6400 MEMBERS. DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS FOR MEMBER'S TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS AND IN-PERSON AT THE CREDIT UNION'S BRANCH OFFICES. false false false false false false false false false false true false false true 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 false true 1060 0 false 32 true true true false false false false false false false false 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 false true true true true true true true true false false X JOSEPH CRAWFIS 3306782274 6020 RHODES ROAD KENT OH 44240 WILLIAM BURNS 1 X 0 0 0 DAVID HOOVER 1 X 0 0 0 JUDY MCKINNEY 1 X 0 0 0 KATHY THOMAS 1 X 0 0 0 PAUL MARSHALL 1 X 0 0 0 RON MOSS 1 X 0 0 0 JANET SESSIONS 1 X 0 0 0 JOSEPH CRAWFIS 40 X 74826 0 12884 DENISE BOYES 40 X 60164 0 3723 134990 16607 false false false FISERV 4897 LAKE PARK BLVD SALT LAKE CITY UT 84120 DATA PROCESSINGEFT 253802 1 LOAN INTEREST 522291 1194860 1194860 FEE INCOME 522130 240294 235428 4866 OTHER INCOME 522130 238802 238802 1673956 190265 190265 1864221 1669090 4866 190265 117820 134990 426412 1207 65378 45288 4800 60149 382999 101536 240884 6194 5199 30 84994 121516 PROVISION FOR LOAN LOSSES 25723 LOAN SERVICING 85651 32171 1942941 0 0 0 1001491 862177 2490963 3937650 90930 92871 20952941 20239194 117908 128874 1618235 641226 1051207 977009 12426682 14027120 354340 355521 38486462 40620416 121685 263863 35552077 37622573 35673762 37886436 2812700 2733980 2812700 2733980 38486462 40620416 -78720 X true true true X false false 162840 162840 736900 245221 491679 35636 7435 28201 682859 388570 294289 977009 DEPOSITS IN COMMERCIAL BANKS 8793000 C OTHER INVESTMENTS IN CUS 1341000 C MEMBERSHIP CAPITAL SHARES 847684 C OTHER INVESTMENTS IN CORPORATE CUS 3020000 C EXCESS SHARE RESERVE 10000 C CSCU VISA RESERVE 15436 C 14027120 NCUSIF DEPOSIT 355521 355521 MEMBER SAVINGS & CERTIFICATES 37622573 37622573 1864221 1942941 -78720 -78720 1864221 1864221 1864221 1942941 1942941 1942941 FORM 990 PART VI LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 6400 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. FORM 990 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 ELECTED BY A SIMPLE PLURALITY VOTE. A NOMINATING COMMITTEE IS FORMED EACH YEAR TO ACCEPT BOARD NOMINATIONS. FORM 990 PART VI LINE 7B CERTAIN CHANGES TO THE GOVERNING DOCUMENTS (CODE OF REGULATIONS) MUST BE APPROVED BY A MAJORITY OF THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE STATE REGULATORY AGENCY. FORM 990 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 TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE FILING WITH THE IRS. FORM 990 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 MEMBERS. IF A CONFLICT EXISTS THEN THE CONFLICTED PARTY IS EXCUSED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT OF INTEREST. FORM 990 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 THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST COMPLETED IN DECEMBER 2011 AND IS DONE ON AN ANNUAL BASIS. FORM 990 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.