2012-08-14T12:57:30-05:00 2011-12-31 990 2011-01-01 340153040 TALERIS CREDIT UNION INC TALE 2167392300 1250 E GRANGER ROAD BROOKLYN HEIGHTS OH 44131 ROBIN D THOMAS 2167392300 2012-08-14 2011 2016-02-24 21:20:13Z ROBIN D THOMAS 1250 EAST GRANGER ROAD BROOKLYN HEIGHTS OH 44131 3908911 0 X WWW.TALERISCU.ORG X 1935 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 42 15 26475 -28818 0 0 3516102 3241694 788694 635151 738436 32066 5043232 3908911 0 0 343640 227342 2057925 1866973 0 0 0 2482962 2174252 4884527 4268567 158705 -359656 71520748 69721836 58659414 58052814 12861334 11669022 TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS". 0 0 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1706 0 1 42 1 1 1 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 X ROBIN D THOMAS 2167392300 1250 E GRANGER BROOKLYN HEIGHTS OH 44131 MARY JANE CAMARATO 2.30 X 0 0 0 BARBARA DAVIS 2.30 X 0 0 0 CARL DEJOHN 2.30 X 0 0 0 HARRY KATZENMEYER 0.90 X 0 0 0 JAMES REMALIA 2.30 X 0 0 0 DONALD SALSBURY 0.90 X 0 0 0 JOHN GARY WAUGH 2.30 X 0 0 0 HARLEY HILL 40.00 X 76209 0 25976 JAMES MCKENZIE 40.00 X 95456 0 30361 ROBIN D THOMAS 40.00 X 171499 0 13303 343164 0 69640 1 0 1 0 ANTHEM MEDICAL 351 W HOWARD TAFT CINCINNATI OH 45206 MEDICAL/DENTAL 304137 FIRST DATA CORP 6200 S QUEBEC ST GREENWOOD VILLAGE CO 80111 ATM NETWORK PROVIDER 167519 DIEBOLD INC PO BOX 643543 PITTSBURG PA 15264 ATM MAINTENANCE 139582 JACK HENRY & ASSOC PO BOX 503328 ST LOUIS MO 63150 DATA PROCESSER 126373 4 LOAN INTEREST 522100 2170861 2170861 FEE INCOME 522100 1070833 1070833 3241694 635151 635151 NON MEMBER ATM FEES 525990 18989 18989 NON MEMBER SHARED BRAN 525990 7486 7486 MISCELLANEOUS 522100 5591 5591 32066 3908911 3247285 26475 635151 227342 412804 1162649 174833 116687 9558 15371 104 127163 72312 178192 156704 184422 6155 16500 291348 32077 PRODUCT SUPPORT 471469 PROVISION FOR LOAN LOSS 332482 LOAN SERVICING 142754 SHARE INSURANCE ASSESSM 88735 48906 4268567 540923 578209 11351692 7386462 177780 530929 34301873 35652867 113133 185199 6667715 3099907 3767825 3567808 19521694 20461148 489000 90000 1256828 1269214 71520748 69721836 218874 662035 4667 17534 58435873 57373245 58659414 58052814 X 0 0 0 0 12861334 11669022 12861334 11669022 71520748 69721836 X -359656 -832656 X 0 1 1 X 0 1142111 1142111 3203405 1085838 2117567 2176083 1884113 291970 146116 129956 16160 3567808 MEMBER DEPOSITS 56683204 DEFERRED COMPENSATION LIABILITY - 457 (B)(F) 132353 POST RETIREMENT HRA LIABILITY 142367 PENSION LIABILITY - DEFINED BENEFIT PLAN 415321 57373245 3908911 4268567 -359656 -242030 -590626 -832656 -1192312 3908911 0 3908911 0 3908911 4268567 0 4268567 0 4268567 PART XI, LINE 8 OTHER - THE AMOUNT IS COMPOSED OF CHANGE IN FAS 158 UNREALIZED LOSSES ON DEFINED BENEFIT PLAN OBLIGATIONS OF $(590,626). PART X, LINE 2 - THERE IS NO FIN 48 FOOTNOTE IN THE 2011 FINANCIALS BECAUSE TALERIS DID NOT HAVE A SIGNIFICANT UNCERTAIN TAX LIABILITY TO REPORT. X 0 1 X X 0 1 0 ROBIN D THOMAS 163523 0 7933 0 43 0 0 0 13303 0 184802 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 1A AND 1B - CEO/PRESIDENT'S HEALTH CLUB DUES PAID BY CREDIT UNION AS PART OF A WRITTEN EXECUTIVE BENEFIT PROGRAM. PART I, LINE 4B - CEO/PRESIDENT PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN; HOWEVER, THE PLAN HAD NO EARNINGS FOR THE 2011 TAX YEAR. FORM 990, PART VI, SECTION A, LINE 2 CARL DEJOHN - BOARD DIRECTOR AND STEVE DEJOHN - SUPERVISORY COMMITTEE MEMBER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 10,222 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETINGS. 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 EXPIRING ON A STAGGERED BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING THE SAFETY AND SOUNDSHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CHANGES TO THE GOVERNING DOCUMENTS (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, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE PRESIDENT/CEO, CHIEF FINANCIAL OFFICER, AND THE CREDIT UNION'S INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY MEMBERS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. THESE SURVEYS ARE HELD AT THE MAIN OFFICE. CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE PRESIDENT/CEO AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED BOARD MEMBER IS EXCLUDED FROM VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIPS INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED TO SET THE PRESIDENT/CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH USE OF RECOMMENDATIONS FROM SALARY CONSULTANTS AND THE ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S FINANCIAL STATEMENTS ARE POSTED AT ALL OFFICE ENTRANCES AS REQUIRED BY STATE REGULATIONS. BY-LAWS, CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S E. GRANGER RD. OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -242,030. UNREALIZED LOSSES ON DEFINED BENEFIT PLAN OBLIGATIONS -590,626. TOTAL TO FORM 990, PART XI, LINE 5: -832,656.