2011-11-14T12:16:52-06:00 2010-12-31 DOEREN MAYHEW 755 W BIG BEAVER SUITE 2300 TROY MI 48084 990 2010-01-01 340153020 THE OHIO EDUCATIONAL CREDIT UNION INC OHIO 2166216296 2554 EAST 22ND STREET CLEVELAND OH 44115 ARTHUR BOEHM 2166216296 2011-11-09 1 2482443000 2010 2016-02-24 21:20:13Z JEROME VALCO 2554 EAST 22ND STREET CLEVELAND OH 44115 7409490 0 1990 X WWW.OHIOEDCU.COM X 1933 OH THE OHIO EDUCATIONAL CREDIT UNION IS A FULL-SERVICE FINANCIAL INSTITUTION. OUR GOAL IS TO RECOGNIZE AND UNDERSTAND THE UNIQUE NEEDS OF OUR INDIVIDUAL MEMBERS AND TO FULFILL THOSE NEEDS THROUGH A VARIETY OF DIVERSIFIED PRODUCTS AND SERVICES. 12 12 57 15 103031 -5555 0 0 6947118 6960616 914478 315516 157901 133358 8019497 7409490 0 0 0 0 2959707 2579202 0 0 0 5949614 4968617 8909321 7547819 -889824 -138329 111097993 114753254 100585113 104537003 10512880 10216251 THE OHIO EDUCATIONAL CREDIT UNION IS A FULL-SERVICE FINANCIAL INSTITUTION. OUR GOAL IS TO RECOGNIZE AND UNDERSTAND THE UNIQUE NEEDS OF OUR INDIVIDUAL MEMBERS AND TO FULFILL THOSE NEEDS THROUGH A VARIETY OF DIVERSIFIED PRODUCTS AND SERVICES. 0 0 N/A N/A N/A 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 4043 0 1 57 1 1 1 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ARTHUR BOEHM 2166216296 2554 EAST 22ND STREET CLEVELAND OH 44115 RICHARD M GORE 8.00 X 0 0 0 ROBERT J GALE 2.00 X 0 0 0 JACKSON M BOYD 2.00 X 0 0 0 TONY H SMITH SR 4.00 X 0 0 0 CAROL CREEL 2.00 X 0 0 0 MARIO DANESE 2.00 X 0 0 0 ANASTASUS FOURMAS 2.00 X 0 0 0 MYCHAEL HENDERSON 2.00 X 0 0 0 DUANE HORNING 2.00 X 0 0 0 EDWARD KRAL 2.00 X 0 0 0 PATRICK J POLEN 2.00 X 0 0 0 CRAIG STRONG 2.00 X 0 0 0 JEROME R VALCO 40.00 X 105971 0 19846 ROBERT C BECKER 40.00 X 97920 0 16504 ARTHUR D BOEHM 40.00 X 100370 0 15478 304261 0 51828 2 0 0 0 PSCU 560 CARILLON PARKWAY ST PETERSBURY FL 33716 CREDIT AND DEBIT CARD PROCESSING 407870 ANTHEM PO BOX 105673 ATLANTA GA 303485673 EMPLOYEE HEALTH INSURANCE PROVIDER 358377 AMERICAN SHARE INSURANCE 5656 FRANTZ ROAD DUBLIN OH 43017 PRIVATE SHARE INSURANCE PROVIDER 297203 XP SYSTEMS (FISERV) 75 REMITTANCE DRIVE CHICAGO IL 606756963 CORE COMPUTER SYSTEM PROVIDER 227813 DUNBAR PITCHER & ASSOCIATES 398 W BAGLEY ROAD 210 BEREA OH 44017 MARKETING AGENCY 208555 6 LOAN INTEREST 522100 4680129 4680129 FEE INCOME 522100 2280487 2280487 6960616 315516 315516 INSURANCE INCOME 524298 58021 58021 NON-MEMBER ATM FEES 525990 45010 45010 MISCELLANEOUS INCOME 522100 30327 30327 133358 7409490 6990943 103031 315516 356089 1668597 59537 340061 154918 42624 77531 216674 548810 549689 41014 817817 301099 42100 DATA PROCESSING 456170 ATM EXPENSES 431838 PROVISION FOR LOAN LOSS 386694 OTHER EXPENSES 199124 DEBIT AND CREDIT CARD E 153771 703662 7547819 3144148 5444047 7075626 2755838 325447 310708 87874232 91617101 211974 194028 7245159 3877457 3411660 3367702 1017344 6951195 9546764 1086367 1517066 111097993 114753254 895562 1161590 2000000 2000000 97689551 101375413 100585113 104537003 X 3699194 3699194 0 0 6813686 6517057 10512880 10216251 111097993 114753254 X -138329 -158300 X X 0 1 1 X 0 294508 294508 3616808 1161854 2454954 489376 264491 224885 2688152 2369770 318382 156315 81342 74973 3367702 MORTGAGE BACKED SECURITIES 3381323 F ASSET BACKED SECURITIES 1404128 F CORP CU CAPITAL INVESTMENTS 2232960 F CMO 2528353 F 9546764 MEMBER SHARE ACCOUNTS 101375413 101375413 7409490 7547819 -138329 -158300 -158300 -296629 7409490 0 7409490 0 7409490 7547819 0 7547819 0 7547819 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL THAT HAS AN ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS GIVEN ONE VOTE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE ARTICLES AND/OR BYLAWS OF THE CREDIT UNION REQUIRE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE VIA THE CREDIT UNION'S ELECTRONIC BOARDROOM SITE. FORM 990, PART VI, SECTION B, LINE 12C AFTER ELECTION AND AT THE ANNUAL MEETING, DIRECTORS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT COMPENSATION SURVERY DATA IS OBTAINED FOR EACH POSITION. BOARD PERSONNEL COMMITTEE USES THIS INFORMATION IN CONJUNCTION WITH JOB PERFORMANCE RATINGS TO DETERMINE THE COMPENSATION FOR THE CEO. THE CEO PROVIDES INPUT FOR COO AND CFO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -158,300. FORM 990; PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.