2020-11-12T15:00:49-06:00 2019-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD CINCINNATI OH 45209 990 2019-01-01 340800260 P S E CREDIT UNION INC PSEC 4405455105 5255 REGENCY DRIVE PARMA OH 44129 PEGGY A KOCH VP FINANCE 4405455105 2020-11-12 1 GREGORY HEIMKREITER P01331287 5138713033 66.195.173.51 2020-11-12 15:59:22 ES P EEDA52ECEAD1C13BCC69D2B6E8FA70E789B63302 EEDA52ECEAD1C13BCC69D2B6E8FA70E789B63302 2019 2021-04-22 16:20:28Z JOSEPH C ANDERSON 5255 REGENCY DRIVE PARMA OH 44129 6905667 0 X WWW.PSECREDITUNION.ORG X 1955 OH THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 9 9 64 13 45188 0 0 0 5096505 5777268 917972 1128399 0 0 6014477 6905667 0 0 0 0 2148627 2285958 0 0 0 2904705 3412558 5053332 5698516 961145 1207151 133698433 150854517 122866914 138032839 10831519 12821678 THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. 0 0 PROVIDE FINANCIAL SERVICES TO MEMBERS. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 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 1726 0 1 64 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X PEGGY A KOCH 4405455105 5255 REGENCY DRIVE PARMA OH 44129 STEEL NOWLIN DIRECTOR 1.00 X 0 0 0 DALE MCMAHAN DIRECTOR 1.00 X 0 0 0 KENNETH NOETZEL TREASURER 1.00 X X 0 0 0 ROBERT VASIL VICE CHAIR 1.00 X X 0 0 0 DARLENE DEMARCO CHAIR 1.00 X X 0 0 0 STEVE KOSMOS DIRECTOR 1.00 X 0 0 0 KAREN NEWMAN DIRECTOR 1.00 X 0 0 0 DAVID TOETZ DIRECTOR 1.00 X X 0 0 0 ROBERT MOULTON SECRETARY 1.00 X 0 0 0 PEGGY A KOCH VP OF FINANCE 37.50 X 93814 0 17780 JOSEPH C ANDERSON PRESIDENT/CEO 37.50 X 202933 0 28373 296747 0 46153 1 0 1 0 WORLD PAY (FKA VANTIV) 5050 KINGSLEY DRIVE CINCINNATI OH 45263 ATM/DEBIT CARD PROCESSING 397124 PSCU FINANCIAL SERVICES 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 326038 FISERV 4897 LAKE PARK BLVD 200 SALT LAKE CITY UT 84120 DATA PROCESSING 219124 PERCEPTION MULTIMEDIA 15165 BAGLEY ROAD MIDDLEBURG HTS OH 44130 MARKETING AGENCY 144653 4 INTEREST INCOME 522100 3955038 3955038 FEES & COMMISSIONS 522100 1079730 1034542 45188 OTHER OPERATING INCOME 522100 742500 742500 5777268 1128399 1128399 6905667 5732080 45188 1128399 296747 1507506 122125 215833 143747 23523 30021 315088 958622 355053 9888 461118 177918 83194 LOAN PROCESSING 412837 PROVISION FOR LOAN LOSS 334527 MISCELLANEOUS EXPENSES 139167 DIRECTOR AND DUES 111602 5698516 1788942 1601577 4283172 11158286 85228772 85648866 6045907 3527253 2404599 2518654 29163745 32055207 5479324 12524887 5349879 5347040 133698433 150854517 588082 656302 122278832 137376537 122866914 138032839 X 0 0 0 0 10831519 12821678 10831519 12821678 133698433 150854517 X 1207151 647760 135248 X X 0 1 X 1 0 0 0 614433 614433 2757879 1434836 1323043 1126897 805029 321868 1546698 1287388 259310 2518654 CERTIFICATES OF DEPOSIT 10124393 C INVESTMENTS 902824 C OTHER COOP INVESTMENT 1497670 C 12524887 MEMBERS' SHARES AND DEPOSITS 137308570 DIVIDENDS PAYABLE 67967 137376537 X 6905667 0 6905667 0 6905667 5698516 0 5698516 0 5698516 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 2016 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. X 1 1 X X X X 0 0 0 JOSEPH C ANDERSON PRESIDENT/CEO 202933 0 0 0 0 0 16863 0 11510 0 231306 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN TRANSACTIONS AND CHANGES TO THE CODE OF REGULATIONS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND VP OF FINANCE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED, MONITORED AND UPDATED ANNUALLY BY KEY EMPLOYEES AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS REVIEWED AND SET BY THE BOARD OF DIRECTORS. FOR THE OTHER EMPLOYEES' COMPENSATION, THE PRESIDENT/CEO PERFORMS REVIEWS AND SETS SALARIES WITHIN PARAMETERS ESTABLISHED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH OFFICE AND ALL OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED FROM MERGER 135,248. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A SUPERVISORY COMMITTEE THAT IS ESTABLISHED BY THE BOARD OF DIRECTORS.