2024-11-18T07:29:36-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2023-01-01 316040060 OUCU FINANCIAL CREDIT UNION FKA OHIO UNIVERSITY CREDIT UNION OUCU 7405972800 944 E STATE STREET ATHENS OH 45701 CORY CORRIGAN CEO 7405972800 2024-11-15 1 1 KATHY M MOSELEY P00116760 5138713033 2023 2024-10-15 13:58:12Z CORY A CORRIGAN 28784016 0 X WWW.OUCU.ORG X 1955 OH 2 9 9 132 0 1512605 0 0 0 21210056 25403533 1711905 3380483 0 0 22921961 28784016 0 0 0 0 9957902 10709186 0 0 0 10835647 14269606 20793549 24978792 2128412 3805224 467392583 510244026 424908149 462350083 42484434 47893943 X SEE SCHEDULE O 0 0 24978792 THE OUCU FINANCIAL CREDIT UNION HAS PROVIDED OVER 25,000+ MEMBERS WITH SAFETY AND SOUNDESS OF THEIR DEPOSITS MADE TO US, AS SHOWN BY GROWTH IN DEPOSIT BALANCES FROM THE PREVIOUS YEAR. IN ADDITION TO HAVING OFFERED OUR MEMBERS THE SAFETY OF THEIR SAVINGS, WE ALSO HAVE CONTINUED TO OFFER A VAST ARRAY OF ADDITIONAL PRODUCTS AND SERVICES TO HELP PROMOTE THEIR FINANCIAL WELL-BEING INCLUDING FIRST AND SECOND MORTGAGES, AUTO LOANS, SECURED AND UNSECURED LOANS, CREDIT CARDS, AND MEMBER BUSINESS LOANS. FREE SEMINARS TO EDUCATE OUR MEMBERS ON SUCH TOPICS AS HOMEBUYING, IRA'S, WILLS & TRUSTS, LONG-TERM CARE INSURANCE, AND OTHER FINANCIAL RELATED TOPICS ARE ANOTHER BENEFIT WE PROVIDE TO HELP ENSURE MEMBERS REACH THEIR FINANCIAL GOALS. WE ARE DEDICATED TO CONTINUE OFFERING OUR MEMBERS THESE PRODUCTS AND SERVICES IN THE FUTURE AND UPGRADE OUR PRODUCTS AND SERVICES TO BEST SERVE THEM AS NEEDED. 24978792 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 0 0 1 23 0 1 132 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 1 1 0 OH X NICK JENSEN CFO 7405972800 944 E STATE ATHENS OH 45701 JENNIFER L'HEUREUX DIRECTOR 1.00 X 0 0 0 BARBARA REEVES DIRECTOR 1.00 X 0 0 0 CHUCK CULP DIRECTOR 1.00 X 0 0 0 KAREN DEARDORGG DIRECTOR 1.00 X 0 0 0 TRAVIS DAVIDSON DIRECTOR 1.00 X 0 0 0 ROBERT COURTNEY TREASURER 1.00 X X 0 0 0 WARREN JEFFERS DIRECTOR 1.00 X 0 0 0 THOMAS LUCE VICE CHAIR 1.00 X 0 0 0 WILLIAM T PERRY DIRECTOR 1.00 X 0 0 0 CORY CORRIGAN CEO 40.00 X 540290 0 39914 DANITA SHARP COO 40.00 X 244865 0 22500 BRIAN SMITH-VANDERGRIFF CFO 40.00 X 456779 0 28147 JEAN BLAIR VP OF TECHNOLOGY 40.00 X 222505 0 26995 AARON BOWERSOCK SYSTEM ADMINISTRATOR DATA MGMT ANALYST 40.00 X 101937 0 16251 AUDREY DICKEN VP OF MARKETING 40.00 X 200459 0 24406 SAMANTHA HIBBARD AVP BRANCH OPERATIONS 40.00 X 101011 0 9888 TIFFANY SIMS COMMERCIAL LENDER 40.00 X 110888 0 6673 DEBRA WAYLAND VP OF ORGANIZATION DEVELOPMENT & HUMAN RESOURCES 40.00 X 187237 0 16509 ROMNEY GARNER SENIOR FINANCIAL ADVISOR 40.00 X 499736 0 24797 LAURA HUMPHREYS MORTGAGE & LOAN SERVICING MANAGER 40.00 X 123213 0 7619 TRACEY JAMES VP OF RISK MANAGEMENT 40.00 X 177246 0 25962 MICHELE MARRA MANAGER BUSINESS ACCOUNTING & TAX SERVICES 40.00 X 112202 0 8494 LAURA PRATT MARKETING MANAGER 40.00 X 134001 0 22351 DONNA RUSSELL BUSINESS SERVICES MANAGER 40.00 X 122588 0 20094 PHILIP MEYER FORMER CEO 1.00 X 211097 0 0 3546054 0 300600 16 1 1 0 SETTLEMENTONE VALUATION 1855 W KATELLA AVE 100 ORANGE CA 92867 APPRAISAL 120887 1 INTEREST ON LOANS 522100 19012262 19012262 FEES & COMMISSIONS 522100 5013461 4965241 48220 OTHER INCOME 522100 1377810 -86575 1464385 25403533 3380483 3380483 28784016 23890928 1512605 3380483 2568351 2568351 5845347 5845347 612783 612783 1133205 1133205 549500 549500 21264 21264 197549 197549 423470 423470 641646 641646 2532383 2532383 561547 561547 248699 248699 4697223 4697223 825628 825628 PROVISION FOR LOAN LOSS 1409020 1409020 ATM/DEBIT CARD EXPENSE 1174961 1174961 LOAN SERVICING 838692 838692 MISCELLANEOUS 697524 697524 24978792 24978792 0 0 3834112 3774010 10858787 44012135 361488479 375047901 16221131 7341106 8906023 8880025 74038629 64892304 8266553 13637651 467392583 510244026 3890652 5718682 2243630 60000000 2378000 421017497 392009771 424908149 462350083 X 0 0 0 0 42484434 47893943 42484434 47893943 467392583 510244026 X 3805224 -385747 1990032 X 0 1 X 1 0 1942528 1942528 8995808 4236868 4758940 1139635 813205 326430 3344406 2057604 1286802 798754 233429 565325 8880025 SECURITIES AVAILABLE FOR SALE 56286424 F NON NEGOTIABLE CERTIFCATES OF DEPOSIT 6936000 C CORPORATE ONE FCU PERPETUAL CAPITAL 900000 C CUSO INVESTMENT 351180 C FEDERAL HOME LOAN BANK STOCK 418700 C 64892304 MEMBER SHARES 392009771 392009771 28784016 0 28784016 0 28784016 24978792 0 24978792 0 24978792 0 0 0 CORY CORRIGAN CEO 380874 0 159416 0 0 0 30000 0 9914 0 580204 0 0 0 ROMNEY GARNER SENIOR FINANCIAL ADVISOR 99479 0 400257 0 0 0 22500 0 2297 0 524533 0 0 0 BRIAN SMITH-VANDERGRIFF CFO 422577 0 34202 0 0 0 22500 0 5647 0 484926 0 0 0 DANITA SHARP COO 221250 0 23615 0 0 0 22500 0 0 0 267365 0 0 0 JEAN BLAIR VP OF TECHNOLOGY 196515 0 25990 0 0 0 17449 0 9546 0 249500 0 0 0 AUDREY DICKEN VP OF MARKETING 178768 0 21691 0 0 0 18503 0 5903 0 224865 0 0 0 PHILIP MEYER FORMER CEO 141223 0 69874 0 0 0 0 0 0 0 211097 0 0 0 DEBRA WAYLAND VP OF ORGANIZATION DEVELOPMENT & HUM 167276 0 19961 0 0 0 10417 0 6092 0 203746 0 0 0 TRACEY JAMES VP OF RISK MANAGEMENT 158602 0 18644 0 0 0 19763 0 6199 0 203208 0 0 0 LAURA PRATT MARKETING MANAGER 118598 0 15403 0 0 0 14178 0 8173 0 156352 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 OUCU FINANCIAL CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE BOARD OF DIRECTORS, SENIOR MANAGEMENT, AND STAFF ARE COMMITTED TO OFFERING A BROAD RANGE OF PRODUCTS AND SERVICES WHICH SUPPORTS OUR MEMBERS' FINANCIAL WELL-BEING AND SUCCESS; PROVIDING PRODUCTS AND SERVICES, IN A COST-EFFECTIVE MANNER, THAT WILL PROTECT THE FISCAL INTEGRITY OF OUR MEMBERS' RESOURCES AND THE CREDIT UNION; BEING ACTIVE AND CONTRIBUTING MEMBERS OF OUR COMMUNITY; MAINTAINING A CLOSE RELATIONSHIP WITH OUR SPONSOR, OHIO UNIVERSITY; OFFERING EDUCATIONAL OPPORTUNITIES TO OUR MEMBERS TO ASSIST THEM IN MEETING THEIR FINANCIAL GOALS; AND DEVELOPING AND MAINTAINING RELATIONSHIPS WITH OUR MEMBERS IN ACCORDANCE WITH THE CREDIT UNION PHILOSOPHY. FORM 990, PART VI, SECTION A, LINE 7A BALLOT VOTING IS CONDUCTED TO ALLOW ALL MEMBERS TO ELECT NEW MEMBERS OF THE BOARD OF DIRECTORS WHEN THE TERMS EXPIRE. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND EMPLOYEES ARE PROHIBITED BY STATUTE AND BY LAW FROM HAVING A CONFLICT OF INTEREST AS STATED IN SECTION 1600 OF THE OPERATIONS MANUAL FOR THE OUCU FINANCIAL CREDIT UNION. COMPLIANCE OF THESE STATUTES IS MONITORED ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 OFFICER COMPENSATION IS SUBJECT TO REVIEW BY THE BOARD OF DIRECTORS AND APPROVED. COMPENSATION OF KEY EMPLOYEES IS VERFIED BY THE VP OF HR AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STEATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRONOUNCEMENT 1,990,032.