2024-11-13T09:37:27-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2023-01-01 346572293 1087 MILLSTREAM AREA CREDIT UNION INC 1087 4194225626 1007 WESTERN AVENUE FINDLAY OH 45840 JOSHUA REAMS PRESIDENT/CEO 4194225626 2024-11-05 1 1 KATHY M MOSELEY P00116760 5138713033 2024-11-05 2023 2024-10-15 13:58:12Z JOSHUA REAMS 1007 WESTERN AVENUE FINDLAY OH 45840 4593850 0 X WWW.MILLSTREAMCU.COM X 1966 OH THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 7 7 28 7 97638 0 0 0 3630908 4057351 258139 536499 0 0 3889047 4593850 0 0 0 0 1200887 1417894 0 0 0 2134433 2524668 3335320 3942562 553727 651288 59777418 59332260 54311320 52987774 5466098 6344486 THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 0 0 PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 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 1 613 0 1 28 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X JOSHUA REAMS 4194225626 1007 WESTERN AVENUE FINDLAY OH 45840 BRODY YINGLING DIRECTOR 1.00 X 0 0 0 CASSIE MILLER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HALSTEAD DIRECTOR 1.00 X 0 0 0 NICOLE WAGNER DIRECTOR 1.00 X 0 0 0 PAT SWISHER DIRECTOR 1.00 X 0 0 0 RICHARD BUDDE DIRECTOR 1.00 X 0 0 0 RICHARD KOZLOWSKI DIRECTOR 1.00 X X 0 0 0 ERIC WARREN CHIEF FINANCIAL OFFICER 45.00 X 84368 0 0 JOSHUA REAMS PRESIDENT/CEO 50.00 X 143172 0 0 KATIE GREENE CHIEF OPERATIONS OFFICER 45.00 X 87903 0 0 315443 0 0 1 0 0 0 0 INTEREST ON LOANS 522100 2092964 2092964 FEES AND COMMISSIONS 522100 1855075 1757437 97638 OTHER INCOME 522200 109312 109312 4057351 536499 536499 4593850 3959713 97638 536499 315443 789712 46694 177923 88122 48000 143254 1126319 150091 283137 260054 34536 DATA PROCESSING 353210 PROCESSING FEES 82140 MISC OPERATING EXPENSES 27927 PROVISION FOR LOAN LOSS 16000 3942562 1379917 1059959 2775011 4736072 30098004 32645519 5659700 2837502 3160571 2822198 12464706 12314806 8692166 4494151 1207043 1259555 59777418 59332260 497328 480468 53813992 52507306 54311320 52987774 X 0 0 0 0 5466098 6344486 5466098 6344486 59777418 59332260 X 651288 352100 -125000 X 0 1 X 1 0 260773 260773 2835757 912772 1922985 362498 261610 100888 2200672 1663120 537552 2822198 CERTIFICATES OF DEPOSIT - NON-NEGOTIABLE 3721000 C CORPORATE NON MATURING CAPITAL 249914 C FEDEDAL HOME LOAN BANK STOCK 72700 C OTHER INVESTMENTS 15721 C LIFE INSURANCE CONTRACTS 434816 C 4494151 MEMBERS' SHARES & DEPOSITS 52507306 52507306 X 4593850 0 4593850 0 4593850 3942562 0 3942562 0 3942562 PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FASB ASC, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. THE CREDIT UNION?S INCOME TAX RETURNS PRIOR TO 2017 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. 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 THREE-YEAR TERMS ON A ROTATING BASIS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING WITH THE IRS, A COPY OF THE FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE PRESIDENT/CEO. UPON COMPLETION OF THE PRESIDENT'S REVIEW, THE FORMS ARE REVIEWED AND VOTED ON BY THE BOARD OF DIRECTORS PRIOR TO SUBMITTAL TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE REGULARLY REVIEWED BY THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED PERSON IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO ANY PONTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS TO SET THE CEO'S SALARY IS BASED ON 3RD PARTY DATA FROM COMPEASE SOFTWARE AND THE ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES SET FOR THE CREDIT UNION. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -125,000.