2020-05-13T08:52:33-07:00 2019-12-31 990 2019-01-01 316034826 KEMBA Financial Credit Union KEMB 6142352395 555 Officenter Place Gahanna OH 43230 Janet Oiler Controller 6147291369 2020-05-13 209.143.81.130 2019 2020-09-23 17:36:50Z Mark Decello 555 Officenter Pl Gahanna OH 43230 85165809 0 X www.kemba.org X 1933 OH Provide innovative, convenient and competitively priced financial services that contribute to the well being of our members by promoting thrift and providing credit. 8 8 363 11 374300 -1647284 0 0 67736868 76843272 3483889 8322537 0 0 71220757 85165809 0 0 12343139 15907067 22002596 24933650 0 0 0 23704370 26884409 58050105 67725126 13170652 17440683 1348489650 1471375658 1188746714 1293379034 159742936 177996624 To provide lending, savings and other financial services to qualifying members at terms generally better than those found in the market place with "cooperative-based emphasis" to our "member owners." 0 0 Provide financial services 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 39875 0 1 363 1 1 1 0 0 0 0 0 1 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X X Janet Oiler 6142352395 555 Officenter Place Gahanna OH 43230 Donna Folberth Chairwoman 10 X X 0 0 0 Mike Slaper Vice Chair 10 X X 1340 0 0 John Elden Secretary 10 X X 1044 0 0 Steve Perdue Treasurer 10 X X 678 0 0 Kurt Lykins Director 5 X 1258 0 0 Jeff Gale Director 5 X 658 0 0 Emmet Apolinario Director 5 X 631 0 0 Angela Irons Director 5 X 0 0 0 David Benson Director 5 X 0 0 0 Marjorie Brant Director 5 X 0 0 0 Rick Mariotti Director 5 X 0 0 0 Mark Decello President/CEO 60 X 533283 0 45516 Donna Grimmett CFO 60 X 185434 0 18697 Mark Seymour VP Lending 50 X 214569 0 28709 Shernette Henry VP Human Resources 50 X 184483 0 31953 Ryan Ambrose VP Retail Sales and Services 50 X 166828 0 31084 Ken Blevins VP Technology 50 X 163718 0 35716 Amy Peterman VP Virtual and Member Experience 50 X 163051 0 30456 Gerald Guy Assistant to President/CEO 40 X 1061810 0 130508 Marco Capalino Chief Marketing Officer 45 X 171811 0 23671 Don Guilbert Director of Commercial Services 45 X 167252 0 38083 Janet Oiler Controller 45 X 161641 0 24826 Tom Goulet Senior Mortgage Loan Advisor 45 X 152052 0 34791 3331541 0 474010 29 0 1 0 Access Softek Inc 727 Allston Way Suite C Berkeley CA 947102229 Online Banking Support 279762 Avtex Solutions PO Box 856660 Minneapolis MN 55485 Telephone Software Support 227263 Dataverify PO Box 535595 Pittsburgh PA 152535595 Loan Services 222559 Chex Systems Inc PO Box 2634 Los Angeles CA 900842634 Reporting Services 206456 Debra-Kuempel Inc PO Box 701620 Cincinnati OH 452701620 Heating and Cooling Maintenance 201710 12 0 Loan Interest 522130 53480585 53480585 0 0 Fee Income 522130 18872823 18872823 0 0 Other Income 522130 4115564 4115564 0 0 Insurance Income 522130 13568 0 13568 0 Non-member Transactional Income 522130 360732 0 360732 0 0 0 0 0 76843272 8322036 8322036 0 0 0 0 0 0 0 0 0 0 0 0 0 501 0 0 0 501 501 501 0 0 0 85165809 84791509 374300 0 0 0 0 15907067 1616975 0 16048753 1550550 4434524 1282848 300341 94102 216134 0 0 1750 1004480 2585870 1688489 1726279 0 1313171 133497 0 63864 1763854 156694 2621155 86930 ALLOWANCE FOR LOAN LOSS 5783349 ATM & DEBIT CARD EXPENSE 3143638 LOAN SERVICING EXPENSE 1506248 FRAUD LOSS EXPENSE 1550024 1144540 67725126 0 0 0 6442964 6124350 157430903 159277589 0 0 4577988 5048861 8607300 18874724 0 0 1002798232 1090520210 0 0 3838505 4277133 43497198 18265288 23542990 25231910 97772328 129064854 8988000 6221264 17803899 8151388 0 0 16686541 18583375 1348489650 1471375658 20641689 24224301 0 0 2414576 2164769 0 0 0 0 0 0 72881812 65652137 0 0 1092808637 1201337827 1188746714 1293379034 X 0 0 0 0 159742936 177996624 159742936 177996624 1348489650 1471375658 17440683 813005 0 0 0 0 X 0 1 X 1 0 0 6181084 6181084 0 21399957 7583755 13816202 0 0 0 0 0 15916157 10681533 5234624 0 0 0 0 25231910 0 Member Deposits 1123217064 Non-member deposits 78120763 1201337827 85165809 0 0 0 0 0 85165809 0 0 0 85165809 67725126 0 0 0 0 0 67725126 0 0 0 67725126 X 1 1 X X X X 0 0 0 Amy Peterman VP Virtual and Member Experience 155000 0 6441 0 1610 0 15981 0 14475 0 193507 0 0 0 Don Guilbert Director of Commercial Services 134845 0 29130 0 3277 0 15989 0 22094 0 205335 0 0 0 Donna Grimmett CFO 177000 0 6809 0 1625 0 11455 0 7242 0 204131 0 0 0 Gerald Guy Assistant to President/CEO 344478 0 182284 0 535048 0 115806 0 14702 0 1192318 0 0 0 Janet Oiler Controller 136678 0 21652 0 3311 0 10408 0 14418 0 186467 0 0 0 Ken Blevins VP Technology 155000 0 6025 0 2693 0 13668 0 22048 0 199434 0 0 0 Marco Capalino Chief Marketing Officer 145493 0 22620 0 3698 0 16132 0 7539 0 195482 0 0 0 Mark Decello President/CEO 396000 0 104391 0 32892 0 30514 0 15002 0 578799 0 0 0 Mark Seymour VP Lending 174462 0 37356 0 2751 0 21245 0 7464 0 243278 0 0 0 Ryan Ambrose VP Retail Sales and Services 155000 0 5832 0 5996 0 16609 0 14475 0 197912 0 0 0 Shernette Henry VP Human Resources 150270 0 31510 0 2703 0 17478 0 14475 0 216436 0 0 0 Tom Goulet Senior Mortgage Loan Advisor 43186 0 108660 0 206 0 12812 0 21979 0 186843 0 0 0 Schedule J, Part I, Line 1a The credit union has a policy approving travel expenses for staff members and directors participating in credit union education events. the credit union policy also allows for reimbursement of spousal costs for members of Executive Management and Board of Directors. Gerald Guy Assistant to President/CEO SERP X 1972887 1522887 0 1 1 Gerald Guy Assistant to CEO/President SERP X 1547241 1547241 0 1 1 Mark Decello President/CEO SERP X 2203535 2203535 0 1 1 Mark Decello President/CEO SERP X 10517423 10517423 0 1 1 John Zajac Former CFO SERP X 3083637 3083637 0 1 1 18874723 SEAN DECELLO FAMILY MEMBER OF CURRENT OFFICER 17041 SALARY/COMPENSATION 0 Schedule L, Part IV Sean Decello, the family member of our current CEO, resigned from the organization on 04/05/2019, as a result of Mark Decello's position change to CEO. Form 990, Part VI, Section A, Line 6 The credit union has approximately 110,000 members. Form 990, Part VI, Section A, Line 7a our membrs elect Board of Directors for terms that are expiring. Form 990, Part VI, Section A, Line 7b There are governing rules subject to a vote of our membership. However, none of these circumstances occurred in 2019. Form 990, Part VI, Section B, Line 11b The 990 is provided to the Board Treasurer and CFO prior to filing. Other directors and management are provided a copy upon request. Form 990, Part VI, Section B, Line 12c An annual questionnaire is required of all Board of Directors to ensure conflict of interest policy is enforced. Form 990, Part VI, Section B, Line 15 The Board utilizes a credit union compensation experts to assist in establishing salary and total pay for President/CEO. Compensation adjustments for officers and associates, other than the CEO/President are reviewed by the VP of Human Resources and President/CEO, compared to industry standards and set to align with market wages. Form 990, Part VI, Section C, Line 19 The abbreviated financial statements are displayed on the credit union's website. The governing documents, audited financial statements, conflict of interest policy and annual report are available upon request.