2023-11-14T12:52:29-06:00 2022-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2022-01-01 340825325 SEVEN SEVENTEEN CREDIT UNION INC SEVE 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 SHELLY PAWCIO SENIOR VP & CFO 3303728100 2023-11-13 1 SHELLY PAWCIO 999009999 0 GREG HEIMKREITER P01331287 6142211120 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHELLY PAWCIO 3181 LARCHMONT AVE NE WARREN OH 44483 78301914 0 X WWW.717CU.COM X 1957 OH THE PURPOSE OF SEVEN SEVENTEEN CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS; TO ESTABLISH ON A COOPERATIVE BASIS, FACILITIES FOR SAVINGS; TO PROVIDE CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES; TO PROVIDE ASSISTANCE TO ITS MEMBERS IN BUDGETING, MONEY MANAGEMENT, THE EFFECTIVE USE OF THEIR ASSETS AND RESOURCES; AND TO ENGAGE IN ALL ACTIVITIES NECESSARY AND INCIDENTAL THERETO. 6 6 393 11 611826 0 0 0 69836894 75785644 1365669 2404546 0 0 71202563 78190190 0 0 0 0 32699645 34014472 0 0 0 21592129 28636408 54291774 62650880 16910789 15539310 1389210526 1540611072 1197234790 1348058297 191975736 192552775 SEE SCHEDULE O 0 0 DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 104,000 MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MARKET ACCOUNTS, AND CERTIFICATE OF DEPOSIT ACCOUNTS. EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICES THE LOAN PORTFOLIO FOR ITS MEMBERS. OFFICE EXPENSE AND DATA PROCESSING EXPENSE NECESSARY TO SUPPORT MEMBER ACCOUNT AND LOAN ACTIVITY BY PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25116 0 1 393 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SHELLY PAWCIO 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 JACK WILSTER VICE CHAIRMAN 5.00 X 678 0 0 RAYMOND MANOFSKY 2ND VICE CHAIRMAN 5.00 X 0 0 0 JOE NOARK DIRECTOR 5.00 X 0 0 0 CHERYL DIGIACOBBE SEC TREAS 5.00 X 735 0 0 PAUL MARSHALL CHAIRMAN 5.00 X 1831 0 0 ARLENE MATHES ASST SEC TREASURE 5.00 X 2686 0 0 DENISE BOYES DIRECTOR 5.00 X 0 0 0 GARY SOUKENIK PRESIDENT & CEO 45.00 X 915798 0 88023 ERIC LANHAM SENIOR VP, MARKETING 45.00 X 250266 0 58277 MARK MUNNO SENIOR VP DEL CHAN 45.00 X 269921 0 40140 BRIAN BOETTCHER SVP INNOV & INFO TEC 45.00 X 316091 0 54880 SHELLEY ENGLEMAN SVP, RISK MANAGEMENT 45.00 X 234924 0 56038 SHELLY PAWCIO SENIOR VP & CFO 45.00 X 312238 0 66673 RYAN HOUGH SENIOR VP & HUMAN RESOURCE 45.00 X 249601 0 57677 DANIEL HARP SENIOR VP & LENDING 45.00 X 237316 0 35241 BRETT CARNAHAN COMMERCIAL LENDING MANAGER 45.00 X 165831 0 45394 KATHERINE DURIG OPERATIONS MANAGER 45.00 X 160967 0 33019 MARY ANN KING INFO TECH MANAGER 45.00 X 164879 0 45389 KAREN JORDAN ACCTING FINANCE MANAGER 45.00 X 154492 0 42894 AARON FRANK LOAN ORIGINATOR 45.00 X 200308 0 50962 JULIE REDMOND LOAN ORIGINATOR 45.00 X 162900 0 44399 JOSEPH DATCHUK COLL & REC ATTORNEY 45.00 X 204431 0 51507 KATHERYN CUMBERWORTH DELIVERY CHANNELS MANAGER 45.00 X 149608 0 43419 SUSAN ALIBERTI PYMT SOLUTIONS MANAGER 45.00 X 149414 0 42003 4304915 0 855935 17 0 1 0 DELL MARKETING LP ONE DELL WAY ROUND ROCK TX 78682 IT PRODUCTS AND SUPPORT 225169 SMARTBUG OPERATING LLC 2618 SAN MIGUEL DRIVE NEWPORT BEACH CA 92660 MARKETING/WEB ADVERTISING SERVICES 192954 ZAG INTERACTIVE 20 WESTERN BOULEVARD GLASTONBURY CT 06033 WEBSITE DESIGN, HOSTING, MAINTENANCE 136077 PALMER & COMPANY PO BOX 15160 AUSTINTOWN OH 44515 LAWNCARE/SNOW PLOWING SERVICES 107447 4 INTEREST ON LOANS 522100 54701689 54701689 FEE INCOME 522100 20526289 20526289 NON-MEMBER FEES AND INCOME 522100 530104 530104 RENTAL 531120 27562 27562 75785644 2350386 2350386 165884 111724 54160 54160 54160 78190190 75227978 611826 2350386 4304915 4304915 19212239 19212239 2902523 2902523 5766407 5766407 1828388 1828388 53605 53605 7080 7080 68961 68961 68370 68370 4741903 4741903 11901995 11901995 2759223 2759223 16392 16392 42421 42421 3899369 3899369 PROVISIONS FOR LOAN LOS 3452762 3452762 PROFESSIONAL FEES 1178094 1178094 LOAN SERVICING 446233 446233 62650880 62650880 0 0 31634343 29004063 108021706 17975274 1021215722 1272793510 55861682 31070998 22730076 24790684 136480352 120877458 13291569 16715569 55836758 58454514 1389210526 1540611072 18274228 18741957 87000000 1178960562 1242316340 1197234790 1348058297 X 0 0 0 0 191975736 192552775 191975736 192552775 1389210526 1540611072 15539310 -14962271 0 X 0 1 X 1 0 3007338 3007338 22243412 12937100 9306312 11846686 6289090 5557596 18764246 11844808 6919438 24790684 SHARE ACCOUNTS 518874506 MONEY MARKET ACCOUNTS 235388620 SHARE DRAFT ACCOUNTS 256191291 SHARE CERTIFICATE ACCOUNTS 174039661 IRA ACCOUNTS 48527984 OTHER SHARE ACCOUNTS 8785548 LEASE LIABILITES 508730 1242316340 78190190 0 78190190 0 78190190 62650880 0 62650880 0 62650880 X X 1 1 X X X X 0 1 0 GARY SOUKENIK PRESIDENT & CEO 665534 0 250264 0 0 0 67100 0 20923 0 1003821 0 0 0 SHELLY PAWCIO SENIOR VP & CFO 236410 0 75828 0 0 0 45750 0 20923 0 378911 0 0 0 BRIAN BOETTCHER SVP INNOV & INFO TEC 238069 0 78022 0 0 0 45750 0 9130 0 370971 0 0 0 MARK MUNNO SENIOR VP DEL CHAN 206124 0 63797 0 0 0 40140 0 0 0 310061 0 0 0 ERIC LANHAM SENIOR VP, MARKETING 193637 0 56629 0 0 0 37354 0 20923 0 308543 0 0 0 RYAN HOUGH SENIOR VP & HUMAN RESOURCE 188430 0 61171 0 0 0 36754 0 20923 0 307278 0 0 0 SHELLEY ENGLEMAN SVP, RISK MANAGEMENT 176487 0 58437 0 0 0 35115 0 20923 0 290962 0 0 0 DANIEL HARP SENIOR VP & LENDING 237316 0 0 0 0 0 35241 0 0 0 272557 0 0 0 JOSEPH DATCHUK COLL & REC ATTORNEY 164886 0 39545 0 0 0 30584 0 20923 0 255938 0 0 0 AARON FRANK LOAN ORIGINATOR 24162 0 176146 0 0 0 30039 0 20923 0 251270 0 0 0 BRETT CARNAHAN COMMERCIAL LENDING MANAGER 130702 0 35129 0 0 0 24471 0 20923 0 211225 0 0 0 MARY ANN KING INFO TECH MANAGER 131126 0 33753 0 0 0 24466 0 20923 0 210268 0 0 0 JULIE REDMOND LOAN ORIGINATOR 30506 0 132394 0 0 0 23476 0 20923 0 207299 0 0 0 KAREN JORDAN ACCTING FINANCE MANAGER 123812 0 30680 0 0 0 21971 0 20923 0 197386 0 0 0 KATHERINE DURIG OPERATIONS MANAGER 126758 0 34209 0 0 0 23889 0 9130 0 193986 0 0 0 KATHERYN CUMBERWORTH DELIVERY CHANNELS MANAGER 119136 0 30472 0 0 0 22496 0 20923 0 193027 0 0 0 SUSAN ALIBERTI PYMT SOLUTIONS MANAGER 119153 0 30261 0 0 0 21080 0 20923 0 191417 0 0 0 PART III - OTHER ADDITIONAL INFORMATION MEMBERS OF SENIOR MANAGEMENT ARE PARTICIPANTS IN A BENEFIT PLAN REFERRED TO AS A "SERP". THE PLAN WAS ENTERED INTO IN 2016 AND IS BEING FUNDED VIA LIFE INSURANCE POLICIES AND SPLIT DOLLAR LOAN AGREEMENTS. FORM 990 - ADDITIONAL INFORMATION NOTE REGARDING DISCOUNTED EMPLOYEE LOANS: THERE IS A PROGRAM IN PLACE THAT WAS APPROVED BY THE BOARD OF DIRECTORS FOR LOANS BEING GIVEN AT DISCOUNTED RATES TO CREDIT UNION EMPLOYEES. THESE RATES ARE DISCOUNTED AT .50% INTEREST FOR CONSUMER AND HOME EQUITY LOANS AND .125% FOR FIRST MORTGAGE AND CONSTRUCTION LOANS. IF AN EMPLOYEE IS TERMINATED FROM EMPLOYMENT, THEN THE LOAN WILL REVERT TO THE NON-DISCOUNTED RATE. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS MEMBERSHIP IS OPEN TO ALL THOSE PERSONS WHO MEET THE ELIGIBILITY REQUIREMENTS, PROPERLY APPLIED FOR MEMBERSHIP, AND WHO ARE ELECTED TO MEMBERSHIP IN ANY MANNER AS SPECIFIED BY THE BOARD. ONCE BECOMING A MEMBER, MEMBERSHIP REMAINS IN EFFECT UNTIL SUCH TIME AS THE MEMBER DIES, RESIGNS, OR IS EXPELLED, UPON GOOD CAUSE AND NOTIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE ANNUAL MEETING OF THE MEMBERS FOR THE ELECTIONS OF THE DIRECTORS AND THE CONSIDERATION OF REPORTS IS HELD PRIOR TO JULY 1 OF EACH YEAR. A QUORUM OF THE MEMBERS, IN PERSON OR BY MAIL BALLOT IS USED FOR VOTING PURPOSES OF THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 A COPY OF THE FORM AND RELATED SCHEDULES ARE REVIEWED BY THE CEO AND CFO. IT IS ALSO REVIEWED BY THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUESTED TO DISCLOSE ANY AND ALL CONFLICTS OF INTEREST AS THEY AROSE. A MORE FORMAL MONITORING AND ENFORCEMENT POLICY IS PLANNED TO BE IMPLEMENTED IN THE FUTURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL THE PROCESS USED TO SET THE CEO'S SALARY IS BASED ON A COMBINATION OF INDUSTRY DATA FROM THE "CUES" SALARY SURVEY, CUNA'S ANNUAL COMPENSATION SURVEY, AND AN INDEPENDENT CREDIT UNION COMPENSATION CONSULTANT. THE PROCESS IS PERFORMED ANNUALLY BY THE COMPENSATION COMMITTEE (A SUBCOMMITTEE OF THE BOARD OF DIRECTORS) AND PRESENTED TO THE FULL BOARD FOR APPROVAL. THE PROCESS OF ESTABLISHING AND APPROVING THE CEO'S SALARY IS DOCUMENTED IN THE BOARD MINUTES. COMPENSATION PROCESS FOR OFFICERS THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS BASED ON A COMBINATION OF INDUSTRY DATA AND DATA OBTAINED FROM AN INDEPENDENT COMPENSATION CONSULTANT AND IS APPROVED BY THE CEO ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE CREDIT UNION'S ANNUAL REPORT AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTINGS ON THE CREDIT UNION'S WEBSITE AT WWW.717CU.COM. QUARTERLY FINANCIAL DATA IS ALSO AVAILABLE AT WWW.NCUA.GOV. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF ALL BRANCHES OF THE CREDIT UNION. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY MAY BE MADE AVAILABLE UPON REQUEST. SOUND FINANCIAL SERVICES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341481162 FINANCIAL OH C 6140 373351 1.00000 0 KD PROPERTIES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341521043 FINANCIAL OH C 1000 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 SOUND FINANCIAL SERVICES INC O 5033 PAID