2024-11-15T18:09:23-07:00 2023-12-31 990 2023-01-01 340806619 333 GOLDEN CIRCLE CREDIT UNION INC 333G 3304793130 4118 Lincolnway E Massillon OH 44646 Jeffrey McClain CEO 3304793130 2024-11-15 1 2023 2024-10-15 13:58:12Z Jeffrey McClain 4118 Lincolnway E Massillon OH 44646 5044966 0 X goldencirclecu.com X Credit Union 1940 OH 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. 7 7 29 20970 0 0 2110665 3410446 793835 1634520 0 0 2904500 5044966 0 0 147804 306014 1223110 1970481 0 0 0 1482512 2600830 2853426 4877325 51074 167641 95919122 110485837 84289517 96313991 11629605 14171846 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. Dividends paid to members on approximately 10,000 deposit accounts held by approximately 7,000 members Direct labor and employee benefit costs providing savings deposit services, originating new loans, and servicing the loan portfolio of members. Data processing costs incurred recording member account activity and providing member's access to their accounts in person at credit union offices or electronic access through home banking, ATM networks, and Visa debit and credit networks. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 0 1 298 0 29 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X Jeffrey J McClain 3304793130 4118 Lincolnway E Massillon OH 44646 Tera Wentling CEO 60 0 X 78962 0 0 John Capron Director 2 0 X 0 0 0 Ray Trivoli Director 2 0 X 0 0 0 Sherman Oyer Director 2 0 X 0 0 0 William Dixon Director 2 0 X 0 0 0 Patrick Scarry Director 2 0 X 0 0 0 Donna Jones Director 2 0 X 0 0 0 Lucinda Lee Director 2 0 X 0 0 0 78962 0 0 0 0 0 0 Fiserv Portico 2601 Network Blvd Frisco TX 75034 Information Technology 409193 Fidelity National Information Service 601 Riverside Avenue Jacksonville FL 32204 Information Technology 204405 Aultcare Insurance Company 2600 6th St SW Canton OH 44706 Employee Health Insurance 204560 3 0 Loan Interest 522130 2633352 2633352 0 0 Fee Income 522130 359538 359538 0 0 Other Income 522130 417556 396586 20970 0 0 0 0 0 3410446 1634520 1634520 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5044966 5023996 20970 0 306014 162699 1131661 133198 432468 110455 4384 64122 58882 820568 1148161 148505 954 7947 102068 35511 Miscellaneous Expense 47607 162121 4877325 0 0 0 1498129 2064807 439034 523579 1912807 557536 41619919 49750190 1062796 861693 3751714 1732742 1667447 2018972 35599215 31423093 8509037 19330748 2483366 3898249 1127372 56970 95919122 110485837 520018 1370935 83769499 94943056 84289517 96313991 X 0 4006893 0 1000000 11629605 9164953 11629605 14171846 95919122 110485837 X 167641 2374600 X 1 1 1 0 926624 0 926624 2088832 0 1128992 959840 127078 0 76656 50422 609180 0 527094 82086 0 0 0 0 2018972 Time Deposits 19330748 C 19330748 Member Deposits 94943056 94943056 Form 990, Part IV, Line 6 The credit union is comprised of a single class of approximately 8000 member owners each of which has equal rights in ownership, governance, and voting rights at the annula meeting with the exception of the member owners who are elected to the Board of Directors. Form 990, Part VI, Section A, Line 6 Membership is made up of approximately 8000 member owners. 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 3 year terms om aa rotating basis. Candidates are elected by a simple plurality vote. The Board of Directors appoints volunteers to the Supervisory Audit Committee which can suspend Board Members and call a special meeting of the members to evaluate the issue and vote either to dismiss or reinstate the Board Member. Form 990, Part VI, Section A, Line 7b Changing the governing documents (By-laws) must be approved by the member owners after having been approved by the Board of Directors and the regulatory agency. Approvals occur when a simple majority of the members vote to approve at the annual meeting or at a special meeting for that purpose. Form 990, Part VI, Section B, Line 11b Prior to filing with the IRS , a copy of the IRS Form 990 and related schedules are reviewed by the CEO including confirmation of the accuracy of every answer and oversight to appropriate changes. Upon completion of the CEO's review, the forms are reviewed and voted on at the Board Meeting prior to transmission to the IRS. 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 are summarized and maintained in a document present at each board meeting. Conflicts of interest are determined by a review of the potential conflicts by the CEO and Board of Directors. If a conflict exists, the conflicted Board Member is excluded from the discussion and votes related to any potential or existing conflict of interest If the conflict is determined to be intentional the Board Member will be suspended subject to member fismissal. All legal remedies would be considered. Form 990, Part VI, Section B, Line 15 The process used to set the CEO's salary is based on a comparison to comparable sized credit unions using information obtained by the Executive Committee. Compensation is presented to the full board for approval. Form 990, Part VI, Section C, Line 19 The credit union By-laws, Conflict of Interest Policy, and financial statements my be reviewed by appointment at the main office. Form 990, Part XI, Line 9 This represents the change in market value of equity securities.