2026-04-28T15:23:53-05:00 2025-12-31 340677006 MALONEY NOVOTNY LLC 4774 MUNSON STREET NW SUITE 402 CANTON OH 447183634 990 2025-01-01 340925129 FRIENDS AND FAMILY CREDIT UNION FRIE 3308321371 PO BOX 1250 MASSILLON OH 44646 JEANNA COSTANZO CEO 3308321371 2026-04-28 1 MATTHEW J BANJO P01260593 3309669400 2025 2025-03-06 01:10:19Z JEANNA COSTANZO PO BOX 1250 MASSILLON OH 44646 6144310 0 X WWW.FRIENDSANDFAMILYCU.COM X 1958 OH TO SERVE THE FINANCIAL NEEDS OF THE MEMBERS OF THE CREDIT UNION. 7 7 40 7 374320 0 0 0 5260447 5356718 658779 780047 6531 7545 5925757 6144310 0 0 0 0 1517984 1551029 0 0 0 3747362 3826595 5265346 5377624 660411 766686 107222741 108639673 98911184 99971629 8311557 8668044 X SEE SCHEDULE O. THE FRIENDS AND FAMILY CREDIT UNION WAS FOUNDED IN 1958 TO SERVE THE FINANCIAL NEEDS OF EMPLOYEES OF THE MASSILLON SCHOOL SYSTEM. IN 2001, THE CREDIT UNION BECAME A COMMUNITY CHARTER CREDIT UNION. NOW, ALL BUSINESSES, INDIVIDUALS AND THEIR FAMILIES WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN STARK COUNTY, OH ARE ELIGIBLE TO JOIN. FRIENDS AND FAMILY CREDIT UNION IS A FULL-SERVICE FINANCIAL INSTITUTION. THE FRIENDLY STAFF IS FULLY COMMITTED TO SERVICING ITS MEMBERSHIP. THE MEMBERS ARE OWNERS OF THE CREDIT UNION. PROFITS ARE RETURNED TO MEMBERS IN THE FORM OF HIGHER INTEREST ON SAVINGS, LOWER INTEREST RATES ON LOANS AND LOWER SERVICE FEES. MEMBERS ALSO ELECT A VOLUNTEER BOARD OF DIRECTORS THAT SET THE POLICIES FOR THE CREDIT UNION. 0 0 MEMBER LOANS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF LOANS IN THE FOLLOWING CATEGORIES: AUTOMOBILE LOANS, MORTGAGE LOANS, UNSECURED LOANS, REAL ESTATE LOANS, AND OTHER VARIOUS TYPES. AS OF YEAR END, THE CREDIT UNION HAD 5,829 LOANS OUTSTANDING. DEPOSITORY ACCOUNTS - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH VARIOUS TYPES OF DEPOSITORY ACCOUNTS. THE CREDIT UNION CURRENTLY OFFERS DEPOSITORY ACCOUNTS IN VARIETIES SUCH AS DRAFT ACCOUNTS, CHECKING ACCOUNTS, SAVINGS ACCOUNTS, CERTIFICATE OF DEPOSIT ACCOUNTS, INDIVIDUAL RETIREMENT ACCOUNTS, MONEY MARKET ACCOUNTS, AND OTHER VARIOUS TYPES. AS OF THE YEAR END, THE THERE WERE 19,331 DEPOSITORY ACCOUNTS HELD AT THE CREDIT UNION. DEBIT CARD PROGRAM - THE CREDIT UNION STRIVES TO PROVIDE ITS MEMBERS WITH FINANCIAL FLEXIBILITY AND ENCOURAGE SAVINGS WITH THE ALLOWANCE OF A DEBIT CARD. MEMBER SERVICES, INCLUDING INTERNET BANKING AND BILL PAY IN ORDER TO PROVIDE MEMBERS WITH FASTEST AND SAFEST WAYS OF TRANSACTING BUSINESS. INCLUDES OVERDRAFT PROTECTION TO ASSIST MEMBERS WITH SERVICES TO AVOID UNWANTED FEES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 1003 0 1 40 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X JEANNA COSTANZO 3308321371 PO BOX 1250 MASSILLON OH 44646 JIM TRINER CHAIRMAN 2.00 X X 0 0 0 MIKE LOUDIANA VICE CHAIRMAN 2.00 X X 0 0 0 MELVILLE MAIER TREASURER 2.00 X X 0 0 0 GARY LUCAS SECRETARY 2.00 X X 0 0 0 MICHAEL ZIEGELHOFER DIRECTOR 2.00 X 0 0 0 BILL HAMIT DIRECTOR 2.00 X 0 0 0 TIMOTHY ROSS DIRECTOR 2.00 X 0 0 0 TIM MAURER DIRECTOR 2.00 X 34852 0 0 JEANNA COSTANZO CEO 40.00 X 113624 0 20722 HEIDI MASON CFO 40.00 X 79828 0 18662 228304 0 39384 1 0 0 0 FISERV 600 N VEL R PHILLIPS AVE MILWAUKEE WI 53203 FINANCIAL SERVICES TECHNOLOGY 866055 1 MEMBER LOANS-INTEREST 525990 4020358 4020358 DEBIT CARD SERVICES 525990 743792 743792 FEES AND CHARGES 522100 592568 218248 374320 5356718 780047 780047 MISCELLANEOUS INCOME 900099 7545 7545 7545 6144310 4989943 374320 780047 X 267688 888779 64565 146894 183103 4500 33180 564199 192001 182809 30052 208249 30201 207608 31374 DIVIDENDS 1475570 MISC. OPERATING EXPENSE 553776 LOAN SERVICING 379660 NETWORK PROCESSING CHAR 239522 -306106 5377624 2908109 3095115 19562905 24294844 78259823 76581008 500310 168735 4734402 2184250 2615462 2550152 1282182 0 2093950 1949819 107222741 108639673 133635 204672 98777549 99766957 98911184 99971629 X 0 0 0 0 8311557 8668044 8311557 8668044 107222741 108639673 X 766686 -410199 X 0 1 X 1 0 299473 299473 2743896 907031 1836865 9220 9220 0 1681813 1267999 413814 2550152 SHARES/DEPOSITS 99623061 ROU LEASE LIABILITY 143896 99766957 X 6144310 0 6144310 0 6144310 5832162 454538 454538 5377624 0 5377624 PART X, LINE 2: THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH GAAP REQUIRES THE CREDIT UNION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CREDIT UNION. THE CREDIT UNION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CREDIT UNION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CREDIT UNION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE CREDIT UNION WOULD BE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBIT EXPENSES 454,538. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MEMBERS HAVE OWNERSHIP IN THE CREDIT UNION WITH THEIR SHARE ACCOUNTS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS WHO ARE AT OR ABOVE THE MANDATORY AGE MAY ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD REVIEWS THE FORM 990 AND PROCEEDS INTO A DISCUSSION ABOUT ANY ITEMS DISCLOSED WHICH COULD BE BETTER EXPLAINED OR DO NOT SEEM CORRECT. UPON APPROVAL, AN AUTHORIZED OFFICER SIGNS THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS ARE REQUIRED TO BE DISCLOSED UPON REALIZATION. IF A BOARD MEMBER IS INVOLVED IN THIS CONFLICT, THEY ARE ASKED TO ABSTAIN FROM VOTING ON ANY DECISIONS RELATED TO THE CONFLICT. THE FINAL DISCLOSURE OF A CONFLICT ULTIMATELY RESTS WITH THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A THE CUNA COMPENSATION SURVEY IS USED AND DISCUSSION WITH OCUL OFFICIALS TAKES PLACE TO DETERMINE AN APPROPRIATE AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND PERTINENT POLICIES WILL BE MADE AVAILABLE UPON REQUEST IN A REASONABLE PERIOD OF TIME. FORM 990, PART IX, LINE 11G PROCESSING CHARGES 564,199. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME ADJUSTMENT 44,339. UBIT EXPENSES -454,538.