2024-05-24T11:02:34-05:00 2023-12-31 990 2023-01-01 346533876 LATVIAN CLEVELAND CREDIT UNION INC LATV 2162281996 1385 ANDREWS AVENUE LAKEWOOD OH 44107 ROBERT JUNGE CEO 2162281996 2024-05-24 ROBERT JUNGE 999009999 1 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROBERT JUNGE 1385 ANDREWS AVENUE LAKEWOOD OH 44107 996499 0 X WWW.LATVIANCLEVELANDCU.ORG X 1960 OH CREDIT UNION 9 9 5 9 0 0 0 0 739487 768347 123960 228152 87412 0 950859 996499 0 0 225328 341351 289019 274885 0 0 0 237490 222367 751837 838603 199022 157896 32593518 30393363 27373119 25015068 5220399 5378295 CREDIT UNION 0 0 CREDIT UNION 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1311 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 1 1 0 X ROBERT JUNGE 2162281996 1385 ANDREWS AVENUE LAKEWOOD OH 44107 ANDRIS CELCHERTS PRESIDENT 12.00 X X 0 0 0 N GINT STRAUTNIEKS SECRETARY/TREASURER 2.00 X X 0 0 0 NORA HURLEY VICE PRESIDENT 2.00 X X 0 0 0 PETER GRAVA DIRECTOR 2.00 X 0 0 0 LAURA TOMKO DIRECTOR 2.00 X 0 0 0 KRISTAPS DAUKSS DIRECTOR 2.00 X 0 0 0 HILDA FRIGIC DIRECTOR 2.00 X 0 0 0 JONAS MULIOLIS DIRECTOR 2.00 X 0 0 0 JONATHAN KOCH DIRECTOR 2.00 X 0 0 0 ROBERT JUNGE CEO 40.00 X 91069 0 0 91069 0 0 0 0 0 0 0 INTEREST ON LOANS 522100 754242 754242 FEE INCOME 522100 14105 14105 768347 228152 228152 996499 768347 0 228152 341351 91069 146478 7126 11564 18648 34142 59318 22602 17324 27252 10326 7735 16754 OHIO LEAGUE DUES 11671 ANNUAL MEETING EXPENSE 9056 SUPERVISORY FEES 7386 OTHER EXPENSES 386 -1585 838603 67983 59550 1840200 1595093 29723 30835 118176 82332 14037 35844 30641575 28672041 32593518 30393363 37331 67855 27335788 24947213 27373119 25015068 X 0 0 0 0 5220399 5378295 5220399 5378295 32593518 30393363 157896 0 X 0 1 X 1 0 118176 82332 35844 35844 ACCRUED INCOME 43011 ALLOWANCE FOR LOAN LOSSES -163772 CERTIFICATES OF DEPOSIT 8202013 CORPORATE CREDIT UNION - CAPITALIZATION 340642 LOANS TO MEMBERS 19989974 NCUA CAPITALIZATION 260173 28672041 SHARE DEPOSITS 24947213 24947213 X 996499 0 996499 0 996499 838603 0 838603 0 838603 PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, GAAP REQUIRES THE ORGANIZATION TO EVALUATE THE LEVEL OF UNCERTAINTY RELATED TO WHETHER TAX POSITIONS TAKEN WILL BE SUSTAINED UPON EXAMINATION. ANY POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD MUST BE QUANTIFIED AND RECORDED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS WOULD BE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENT OF INCOME. THE ORGANIZATION BELIEVES THAT NONE OF THE TAX POSITIONS TAKEN WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS AND NO SUCH LIABILITIES HAVE BEEN RECOGNIZED. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. MEMBERSHIP REQUIREMENTS INCLUDE MEETING ETHNICITY AND OTHER PARAMETERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF PROPER VOTING AGE HAVE ONE VOTE EACH, WHICH THEY MAY CAST AT THE ANNUAL MEETING TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO EACH DIRECTOR BEFORE THE FORM WAS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS ANNUALLY THE SALARIES OF ALL EMPLOYEES, INCLUDING THE CEO. IN THIS REVIEW, COMPARATIVE DATA FROM OCUL AND CUNA ARE USED BY THE SALARY COMMITTEE FOR COMPARISON ACROSS CREDIT UNIONS OF COMPARABLE SIZE, GEOGRAPHIC REGION, ETC. AS WELL AS THE IMPACT ON CREDIT UNION FINANCIALS. THE COMMITTEE THEN BRINGS THIS DATA FOR DEBATE AND VOTE BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S WEBSITE HOUSES DISCLOSURES, THE PRIVACY POLICY, AND TRUTH-IN-SAVINGS DISCLOSURES. ALL OTHER POLICIES, AS WELL AS FINANCIAL STATEMENTS, ARE AVAILABLE UPON REQUEST. QUARTERLY FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE NCUA WEBSITE.