2024-05-04T09:16:35-07:00 2023-12-31 311364689 Schmidt & Associates P O Box 2588 Columbus OH 43216 990 2023-01-01 340905753 954 GORMAN-RUPP & ASSOC CREDIT UNION 954G 4195253800 P O Box 1226 Mansfield OH 44901 Abbie Eith Chief Executive Officer 4195253800 2024-05-06 1 Abbie Eith 999009999 1 Melissa Schmidt P01607816 6145291640 2024-03-16 1 11 0 AAL2 2023 2023-04-26 12:10:37Z GROhio Community Credit Union Abbie Eith P O Box 1226 Mansfield OH 44901 1013532 0 X www.gracu.com X 1960 OH Gorman Rupp and Associates Credit Union, Inc. is a financial institution cooperative organized to provide loan and deposit products and services for its member owners. 5 5 6 5 1772 0 0 0 772514 921520 32428 92012 0 0 804942 1013532 0 0 0 0 311947 330138 0 0 0 427970 592239 739917 922377 65025 91155 14180201 14185014 12949016 12886605 1231185 1298409 The mission of Gorman Rupp and Associates Credit Union, Inc. is to provide loans, savings and other financial services to all members at competitive market rates. 0 0 807802 0 1011760 The organization is a state chartered member owned cooperative credit union that provides financial products and services to the member owners. 0 0 0 807802 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 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 1 324 0 1 6 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Abbie Eith 4195253800 P O Box 1226 Mansfield OH 44901 Abbie Eith Chief Executive Officer 40 0 X X 64823 0 21500 Carly Hollar President of Board 2 0 X 0 0 0 Steve Kyler Vice President of Board (Jan-July) 2 0 X 0 0 0 Michael Keith Vice President of Board (August-December) 2 0 X 0 0 0 Angie Morehead Treasurer of Board 2 0 X 0 0 0 Dee Cochran Secretary of Board 2 0 X 0 0 0 Michael Crum Director 2 0 X 0 0 0 64823 0 21500 0 0 0 0 0 0 Interest on loans to members 522130 755814 755814 0 0 Fees to members 522130 163934 163934 0 0 ATM surcharges to nonmembers 522130 1772 0 1772 0 0 0 0 0 921520 92012 92012 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1013532 1011760 1772 0 0 0 0 0 0 0 0 0 64823 32412 32411 0 0 0 0 0 193659 168308 25351 0 6254 4856 1398 0 44633 34659 9974 0 20769 16128 4641 0 3932 0 3932 0 3100 3100 0 0 14400 0 14400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3090 3090 0 0 70555 70555 0 0 34785 34785 0 0 0 0 0 0 35225 31702 3523 0 0 0 0 0 0 0 0 0 8127 8100 27 0 248424 248424 0 0 0 0 0 0 40944 36944 4000 0 16422 11622 4800 0 Share servicing (ATM, debit, draft) 55503 55503 0 0 Loan servicing (collections) 47614 47614 0 0 Regulators 10118 0 10118 0 922377 807802 114575 0 243930 263770 961902 1098827 0 0 0 0 0 0 0 0 8990214 10490410 0 0 15222 15826 957823 664666 291390 293157 0 0 0 0 3494171 1808171 0 0 183372 214853 14180201 14185014 24190 34941 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12924826 12851664 12949016 12886605 X 0 0 0 0 1231185 1298409 1231185 1298409 14180201 14185014 X 91155 0 0 0 0 -23931 X 0 1 X 1 0 0 0 0 0 570927 324620 246307 0 0 0 0 0 386896 340046 46850 0 0 0 0 293157 Insured certificates of deposit 1740000 C Ownership in corporate credit union 68171 C 1808171 0 Members share savings 4726615 Members draft checking 1492240 Members share certificates 6632809 12851664 1013532 0 0 0 0 0 1013532 0 0 0 1013532 922377 0 0 0 0 0 922377 0 0 0 922377 Exempt - credit union Director X 1 1 0 1 1 1 Form 990, Part VI, Section A, Line 6 All credit unions by charter are member owned. Form 990, Part VI, Section A, Line 7a All of the governing body is elected by the membership. Form 990, Part VI, Section B, Line 11b The 990 is reviewed by management and the Board of Directors prior to submission. Form 990, Part VI, Section B, Line 12c The conflict of interest policy is reviewed by the employees and the Board of Directors annually. Form 990, Part VI, Section B, Line 15 Compensation of key employees is approved by the Board of Directors. Independent compensation surveys are utilized as a tool in setting compensation levels. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and financial documents are made available upon request. Form 990, Part XI, Line 9 Other changes in net fund balances was the result in a change in accounting policies to adopt FASB Accounting Standards Update 2019-10 Topic 326 Financial Instruments - Credit Losses utilizing the Current Expected Credit Losses methodology.