2024-11-15T19:36:43-06:00 2023-12-31 311223798 WHITMER & COMPANY CPAS LLP 615 ELSINORE PLACE SUITE 625 CINCINNATI OH 452021427 990 2023-01-01 310241513 69 GREATER CINCINNATI CREDIT UNION INC 69GR 5135591234 7221 MONTGOMERY ROAD SILVERTON OH 45236 PHILLIP L KILEY CEO 5135591234 2024-11-15 1 0 SHARON J EDDINGFIELD P01473551 5133818010 2023 2024-10-15 13:58:12Z PHILLIP L KILEY 7221 MONTGOMERY ROAD SILVERTON OH 45236 7647405 0 X WWW.GCCU.ORG X 1935 OH TO PROVIDE SAFE, ECONOMICALLY SOUND, COMPETITIVE FINANCIAL SERVICES TO MEET THE NEEDS OF MEMBERS IN AN EFFICIENT, CONVENIENT AND PERSONALIZED MANNER. 9 9 34 0 2400 0 0 0 2786784 2888671 1270791 3259860 1512622 1498874 5570197 7647405 0 0 0 0 1866244 1841550 0 0 0 2911384 2693773 4777628 4535323 792569 3112082 131885414 126461977 695093 741872 131190321 125720105 TO PROVIDE SAFE, ECONOMICALLY SOUND, COMPETITIVE FINANCIAL SERVICES TO MEET THE NEEDS OF MEMBERS IN AN EFFICIENT, CONVENIENT AND PERSONALIZED MANNER. 0 0 THIS IS NOT APPLICABLE TO THE CREDIT UNION. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1398 0 1 34 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 OH X THE ORGANIZATION 5135591234 7221 MONTGOMERY ROAD SILVERTON OH 45236 CEAIR BAGGETT BOARD MEMBER 1.00 X 0 0 0 CHARLES DICK SECRETARY 1.00 X 0 0 0 JOYCE HOOKS VICE PRESIDENT 1.00 X 0 0 0 WANDA JONES BOARD MEMBER 1.00 X 0 0 0 JUDITH MEIERING BOARD MEMBER 1.00 X 0 0 0 ELAINE MURPHY TREASURER 1.00 X 0 0 0 ANNE PINNAU BOARD MEMBER 1.00 X 0 0 0 HARRIET RUSSELL PRESIDENT 1.00 X 0 0 0 KENNETH MASON BOARD MEMBER 1.00 X 0 0 0 PHIL KILEY CEO 40.00 X 252359 0 23627 NATE BATCHLER CIO 40.00 X 87196 0 9274 339555 0 32901 1 0 1 0 0 INTEREST ON LOANS 522100 2888671 2888671 2888671 3259860 3259860 FEES 522100 1032717 1032717 MISCELLANEOUS INCOME 522100 463757 463757 INCOME FROM RENTAL OF 900099 2400 2400 1498874 7647405 7645005 2400 0 339555 1093942 56552 243471 108030 3495 76800 9015 84052 257495 19207 147263 57247 ERC REFUND RECEIVED - R -368187 OTHER OPERATIONS EXPENS 1346564 DIVIDENDS 525966 OUTSIDE SERVICES 416261 118595 4535323 1778799 1568836 64730983 60167398 5649 11221 57859932 56936897 684004 589641 6072504 3640890 2527556 2431614 2291051 2850156 2007440 1906214 131885414 126461977 695093 741872 695093 741872 X 120969168 112580531 0 0 10221153 13139574 131190321 125720105 131885414 126461977 X 3112082 -8582298 X X 0 1 X 1 0 965577 965577 2481199 1113634 1367565 269052 269052 0 2356676 2258204 98472 2431614 X 7647405 0 7647405 0 7647405 4535323 0 4535323 0 4535323 PART X, LINE 2: THE CREDIT UNION HAS ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, 2023, 2022, 2021 AND 2020 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE CREDIT UNION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. X 1 0 0 PHIL KILEY CEO 232495 0 12112 0 7752 0 0 0 23627 0 275986 0 0 0 SEE SCHEDULE O X 0 1 1 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS IN THE CREDIT UNION INDUSTRY ARE THE DEPOSITORS AND DEBTORS WHO ARE QUALIFIED FOR MEMBERSHIP BASED UPON THE FIELD OF MEMBERSHIP AS APPROVED BY THE OHIO DIVISION OF FINANCIAL INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS IN GOOD STANDING MAY PARTICIPATE IN THE ELECTION PROCESS FOR BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LIMITED DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. THE BOARD OF DIRECTORS IS GUIDED BY THE BYLAWS AND LAWS AND REGULATIONS OF THE OHIO DIVISION OF FINANCIAL INSTITUTIONS AND THE FEDERAL GOVERNMENT. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE 990 AND THE 990-T IN DRAFT FORM PRIOR TO THE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION HAS CHECKS AND BALANCES IN PLACE RELATIVE TO COMPLIANCE WITH POLICY AND STATUTES. THE CREDIT UNION HAS ANNUAL AUDITS BY AN INDEPENDENT CPA FIRM, THE OHIO DIVISION OF FINANCIAL INSTITUTIONS AND ASI EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15A 15A. THE CEO'S COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS BY USE OF COMPARABILITY DATA AND GOALS ESTABLISHED BY THE BOARD OF DIRECTORS. 15B. ALL OTHER SALARIES ARE ADMINISTERED BY THE CEO THROUGH COMPARABILITY STUDIES AND ABILITY. THEY MUST BE MAINTAINED WITHIN THE BUDGET PARAMETERS AS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE MEMBERS OF THE CREDIT UNION. FINANCIAL STATEMENTS ARE POSTED ON A MONTHLY BASIS AT THE CREDIT UNION OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBER SHARES (CAPITAL STOCK) -8,388,637. CHANGE DUE TO ADOPTION OF NEW ACCOUNTING STANDARD FASB ASU 2016-13 -193,661. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A: SCHEDULE L, PART II, THE CREDIT UNION IS A FINANCIAL INSTITUTION AND THE BUSINESS NATURE OF THE CREDIT UNION IS TO LOAN MONEY. DURING THE NORMAL COURSE OF BUSINESS, INTERESTED PARTIES MAY QUALIFY FOR A LOAN. THE TERMS OF THESE LOANS ARE COMPARABLE TO THE TERMS OF THE LOANS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION.