2024-05-09T13:34:29-05:00 2023-12-31 990 2023-01-01 340711538 EATON FAMILY CREDIT UNION INC % Michael Losneck EATO 2169202000 333 BABBITT ROAD EUCLID OH 44123 MICHAEL LOSNECK TreasurerCEO 2169202000 2024-05-09 MICHAEL LOSNECK 999009999 false 1 AAL2 IAL1 2023 2023-04-26 12:10:37Z SURESH BABU 333 Babbitt Road Euclid OH 44123 4445715 false X WWW.EATONFAMILYCU.COM X 1937 OH Eaton Family Credit Union provides financial services to its qualified members 8 0 39 12 55800 0 3517225 4036759 371112 408956 0 3888337 4445715 0 0 1169577 1286901 0 0 1676152 2947372 2845729 4234273 1042608 211442 76338729 79066474 1675072 4697834 74663657 74368640 Our mission is to be our members preferred source for financial products and services by meeting the growing and changing needs of the membership while maintaining a position of financial strength. false false 1286901 Direct employee & benefit costs incurred while providing savings and deposit services , Loan originations and other services in the loan portfolio, while providing account maintenance and assistance to our members, 544999 Data processing and Information technology (201,180.02) Network security and direct program costs; ATM program (27,904.25) Debit Card program (181,694.27) Visa program (99,620.56) Billpay program (13,611.88) and Shared Branching (20,987.92) costs incurred recording member account activities and to provide access to our members to their accounts through Homebanking, ATMs, Debit and Visa Card programs and in-person transactions at the different branch locations. 753358 Dividends and Interest paid on approximately 18,399 accounts held by approximatley 12,262 members. 2585258 false false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true X 0 0 true 39 true true true false false false false false false false false X 8 0 false false false false true true true true true false true true true true true true true true true true true true OH X X MICHAEL T LOSNECK 2169202000 333 Babbitt Road Euclid OH 44123 MARC MANBURG Director 2.000 X 0 0 0 EVELYEEN PROBERT Director 2.000 X 0 0 0 MICHAEL T LOSNECK Treasurer CEO 40.00 X 162876 0 0 DORIS YEE Director 2.000 X 0 0 0 CHRISTOPHER JOCHUM Director 2.000 X 0 0 0 SURESH BABU Board Chair Person 2.000 X 0 0 0 DWAYNE PETISH Secretary 2.000 X 0 0 0 GINA JACKSON Vice Chair Person 2.000 X 0 0 0 JAMES CAIN Director 2.000 X 0 0 0 162876 1 false true false Loan Interest Income 522291 3170250 3170250 Fees Other Income 522100 773419 773419 Other Misc Income 522100 93090 37290 55800 4036759 408956 408956 0 4445715 4389915 55800 X 1068628 111526 106747 48726 579044 5880 73826 6544 23282 13273 Loan Servicing 463447 Outside Services 365597 Provision for Loan Losses 374397 Misc. 239998 753358 4234273 0 0 0 1270055 1273957 680079 1800216 207 188 54317142 57404520 1301533 908390 415594 393143 16947713 15559864 2707939 2634586 76338729 79066474 1675072 4697834 1675072 4697834 X 74663657 74368640 74663657 74368640 76338729 79066474 X 211442 -2002868 1496407 X X true X true X true false false false false false false false false 190290 190290 274720 146334 128386 56020 10379 45641 780503 751677 28826 393143 Securities Avail for Sale 954085 C Certificates Avail for Sa 14605779 C 15559864 Prepaid Dues 499864 Accrued Loan Income 99063 NCUA SIF 728277 Life Insurance Asset 2001071 Allowance for Loan Losses -731858 Accrued Investment Income 38169 2634586 Other Liabilities 4697834 4697834 X X false false false false false false false false false MARC MANBURG Director EVELYEEN PROBERT Director MICHAEL T LOSNECK Treasurer CEO 162876 162876 DORIS YEE Director CHRISTOPHER JOCHUM Director SURESH BABU Board Chair Person DWAYNE PETISH Secretary GINA JACKSON Vice Chair Person JAMES CAIN Director Part V Line 3b The form was filed online Part V Line 3b using a different softwar Part VI Line 1a All members of the Board of Directors alll share in equal voting rights Part VI Line 6 The Credit Union is comprised of a single class owner/member each of which Part VI Line 6 has equal rights to ownership and has voting rights at the annual meeting. Part VI Line 7a Members have the authority to elect members to the Board of Directors for Part VI Line 7a a 3-year term on a rotating basis, candidates are voted on by mail vote. Part VI Line 7b Any appointments to mid-term seats on the Board of Directors must be Part VI Line 7b presented to the membership and voted on at the annual meeting. Part VI Line 11b Form 990 and all schedules are reviewed by the Treasurer/CEO and they are Part VI Line 11b voted on by the Board of Directors and recorded in the meeting minutes. Part VI Line 12c All policies are reviewed annually, voted on by the Board of Directors and Part VI Line 12c recorded in the meeting minutes. Part VI Line 15a or b All employee wages are compared to a comparable sized credit union and Part VI Line 15a or b compared to pre set goals and objectives on an annual basis. Part VI Line 19 All forms are available at each office upon request and listed online at Part VI Line 19 NCUA.gov, Guidestar.com, and the State of Ohio websites. Part IX Line 24e Dividends Paid Total expenses - $753358.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part XI Line 9 Increase/Decrease in member shares while providing financial services. Part XI Line 9 to our members. PART V Line 3 The 990T tax filing was completed and the tax liability PART V Line 3 was paid online via EFTPS portal PART VI Line 1a The Board of Directors all share in equal voting rights. PART VI Line 6 The credit union is comprised of a single class owner/member PART VI Line 6 each of which has equal rights to ownership and has voting PART VI Line 6 rights at the Annual Meeting. PART VI Line 7a Members have the authority to elect members to the Board of PART VI Line 7a Directors for a 3-year term on a rotating basis, candidates PART VI Line 7a are voted on by a mail vote. PART VI Line 7b Any appointments to id term seats on the Board of Directors PART VI Line 7b must be presented to teh membership and voted on at the PART VI Line 7b Annual Meeting. PART VI Line 11b Form 990 and all schedules are reviewed by the Treasurer/ CEO PART VI Line 11b and they are voted on by the Board of Directors and recorded PART VI Line 11b in the meeting minutes. PART VI Line 12c All policies are reviewed annually, voted on by the Board PART VI Line 12c of Directors and recorded in the meeting minutes PART VI Line 15 All employee wages are compared to a comparable sized credit PART VI Line 15 union and compared to pre-set goals and objectives annually. PART VI Line 19 All forms are available at each office upon request an listed PART VI Line 19 online at NCUA.gov, Guidestar.com and the State of Ohio site. PART XI Line 9 Increase/Decrease in member shares while performing financial PART XI Line 9 services PART XII LIne 2c The Board appoints a Supervisory Committee who is responsible Part XII Line 2 for the hiring and the oversight of the Independant Auditors. PArt VI Line 1a The Board appoints a member to serve on its Supervisory which PART VI Line 1a is vested with monitoring the financial soundness of the CU.