2025-11-17T14:41:00-07:00 2024-12-31 990 2024-01-01 340806619 333 GOLDEN CIRCLE CREDIT UNION INC 333G 3304793130 4118 Lincolnway E Massillon OH 44646 Jeffrey McClain CEO 3304793130 2025-11-17 1 2024 2025-03-06 01:10:19Z Kevin Whitfield 4118 Lincolnway East Massillon OH 44646 5517992 0 X goldencirclecu.com X Credit Union 1940 OH To provide lending, savings, and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service based emphasis that recognizes the members status as owners. 7 7 0 7 0 0 0 0 3410446 2956424 1634520 1951713 0 609855 5044966 5517992 0 0 306014 364182 1970481 2264023 0 0 0 2600830 2740670 4877325 5368875 167641 149117 110485837 105069823 96313991 90403374 14171846 14666449 To provide lending, savings, and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service based emphasis that recognizes the members status as owners. 0 0 Dividends paid to members on approximately 10,000 deposit accounts held by approximately 7,000 members Direct labor and employee benefit costs providing savings deposit services, originating new loans, and servicing the loan portfolio of members. Data processing costs incurred recording member account activity and providing member's access to their accounts in person at credit union offices or electronic access through home banking, ATM networks, and Visa debit and credit networks. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 1 563 46 1 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Kevin Whitfield 3304793130 4118 Lincolnway E Massillon OH 44646 X Jeffrey McClain EVP & CFO 50 0 X X 155122 0 0 Tera Wentling President & CEO 50 0 X 140173 0 0 Kevin Whitfield SR VP & Assistant CFO 50 0 X 106742 0 0 John Capron Director 0.5 0 X 0 0 0 Ray Trivoli Director 0.5 0 X 0 0 0 Sherman Oyer Director 0.5 0 X 0 0 0 William Dixon Director 0.5 0 X 0 0 0 Patrick Scarry Director 0.5 0 X 0 0 0 Donna Jones Director 0.5 0 X 0 0 0 Lucinda Lee Director 0.5 0 X 0 0 0 402037 0 0 3 0 1 0 Fiserv Portico 2601 Network Blvd Frisco TX 75034 Information Technology 585765 Fidelity National Information Service 601 Riverside Avenue Jacksonville FL 32204 Information Technology 193605 Aultcare Insurance Company 2600 6th St SW Canton OH 44706 Employee Health Insurance 115853 3 0 Interest on Loans 522130 2956424 2956424 0 0 0 0 0 0 2956424 1951713 1951713 0 0 0 0 0 0 0 0 0 0 0 0 0 0 609855 609855 0 0 609855 5517992 5517992 0 0 0 0 364182 402037 1240108 273631 229231 119016 0 7811 39907 0 0 0 8201 88827 433245 866072 0 236284 17971 0 0 9545 0 56696 0 Provision for Bad Debt 202825 CBS Business Loan Fees 118000 Core Deposit Intangible 159892 Visa Expense 238808 256586 5368875 0 0 0 2064807 2557112 523579 609862 557536 326953 49750190 46039769 861693 1862944 4110953 1730610 2018972 2380343 31423093 24459371 19330748 20496302 3898249 5096766 56970 1240401 110485837 105069823 1370935 1615038 0 0 0 0 0 0 0 0 0 0 0 0 0 0 94943056 88788336 96313991 90403374 X 5006893 5006893 0 0 9164953 9659556 14171846 14666449 110485837 105069823 X 149117 -1313501 0 0 0 1658987 X 0 1 X 1 0 1021589 0 1021589 2341725 0 1182449 1159276 -88834 0 0 -88834 836473 0 548161 288312 0 0 0 0 2380343 20496302 F 0 20496302 0 Member Deposits 88788336 88788336 X 0 0 0 Tera Wentling President & CEO 140173 0 0 0 0 0 0 0 0 0 140173 0 0 0 Jeffrey McClain EVP & CFO 155122 0 0 0 0 0 0 0 0 0 155122 0 0 0 Kevin Whitfield SR VP & Assistant CFO 106742 0 0 0 0 0 0 0 0 0 106742 0 0 Form 990, Part VI, Section A, Line 2 The CFO and an existing board member are related through marriage. Form 990, Part VI, Section A, Line 6 Membership is made up of approximately 8000 member owners. 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 3 year terms on a rotating basis. Candidates are elected by a simple plurality vote. The Board of Directors appoints volunteers to the Supervisory Audit Committee which can suspend Board Members and call a special meeting of the members to evaluate the issue and vote either to dismiss or reinstate the Board Member. Form 990, Part VI, Section A, Line 7b Changing the governing documents (By-laws) must be approved by the member owners after having been approved by the Board of Directors and the regulatory agency. Approvals occur when a simple majority of the members vote to approve at the annual meeting or at a special meeting for that purpose. Form 990, Part VI, Section B, Line 11b Prior to filing with the IRS , a copy of the IRS Form 990 and related schedules are reviewed by the CFO including confirmation of the accuracy of every answer and oversight to appropriate changes. Upon completion of the CFO's review, the forms are reviewed and voted on at the Board Meeting prior to transmission to the IRS. Form 990, Part VI, Section B, Line 12c Board Members and officers annually complete a survey related to loans, business relationships and family members that could or do create a conflict of interest. These are summarized and maintained in a document present at each board meeting. Conflicts of interest are determined by a review of the potential conflicts by the CEO and Board of Directors. If a conflict exists, the conflicted Board Member is excluded from the discussion and votes related to any potential or existing conflict of interest If the conflict is determined to be intentional the Board Member will be suspended subject to member dismissal. All legal remedies would be considered. Form 990, Part VI, Section B, Line 15 The process used to set the CEO's salary is based on a comparison to comparable sized credit unions using information obtained by the Executive Committee. Compensation is presented to the full board for approval. Form 990, Part VI, Section C, Line 18 The credit union By-laws, Conflict of Interest Policy, and financial statements my be reviewed by appointment at the main office. Form 990, Part VI, Section C, Line 19 The credit union By-laws, Conflict of Interest Policy, and financial statements my be reviewed by appointment at the main office. Form 990, Part XI, Line 9 Unrealized loss on investments We filed an extension