2019-11-08T10:46:31-05:00 2018-12-31 CBS CPAS LLC 34305 Solon Rd Ste 10 Solon OH 44139 990 2018-01-01 340153040 TALERIS CREDIT UNION INC TALE 6111 OAK TREE BLVD INDEPENDENCE OH 44131 ROBIN D THOMAS PRESIDENT AND C 2167392300 2019-11-07 true Ronald Schmidt P00531795 4405421536 2019-11-08 107.143.105.143 2019-11-08 10:47:59 3469532019312t4bqcss 2019-11-08 P DBE2216F0D566902D97EE09AA0D4E27EAE7AB825 DBE2216F0D566902D97EE09AA0D4E27EAE7AB825 2018 2020-03-31 21:24:44Z 3314576 false X WWW.TALERISCU.ORG X 1935 OH TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS 7 7 27 11 38408 0 0 2999934 2935259 275620 340909 72539 38408 3348093 3314576 0 121362 131325 1663318 1807205 0 0 1997929 2642573 3782609 4581103 -434516 -1266527 74179718 70484954 64511876 62127350 9667842 8357604 TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS false false TALERIS CREDIT UNION, INC. IS A MID-SIZE OHIO STATE CHARTERED CREDIT UNION PROVIDING 9,495 MEMBERS WITH AFFORDABLE SERVICES AND PRODUCTS, WHICH INCLUDE SECURED AND UNSECURED CONSUMER LOANS, MORTGAGE LOANS, BUSINESS LOANS, BUSINESS DEPOSIT ACCOUNTS, SAVINGS ACCOUNTS, CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, IRA ACCOUNTS, TERM SHARE CERTIFICATES, DEBIT CARDS, ATM CARDS, ONLINE BANKING SERVICES, SHARED BRANCHING SERVICES, ONLINE BILL PAY SERVICES, OVERDRAFT PROTECTION, AS WELL AS OTHER STANDARD BANKING SERVICES AND PRODUCTS. WE HAVE SERVED MEMBERS AND SPONSOR GROUPS FOR OVER 80 YEARS false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false true 804 0 true 27 true true true false false false false false false false X 7 7 false false false false true true true true true false false false true true true true false true true false X ROBIN D THOMAS 2167392300 6111 OAK TREE BLVD INDEPENDENCE OH 44131 MARY JANE CAMARATO DIRECTOR 2.00 0.00 X 0 0 0 LOUSE VOCAIRE TRAMPOSCH DIRECTOR 2.00 0.00 X 0 0 0 HARRY KATZENMEYER DIRECTOR 2.00 0.00 X 0 0 0 JAMES REMALIA DIRECTOR 2.00 0.00 X 0 0 0 DONALD SALSBURY DIRECTOR 2.00 0.00 X 0 0 0 BEN CARNAHAN DIRECTOR 2.00 0.00 X 0 0 0 STEPHENS FRANKS DIRECTOR 2.00 0.00 X 0 0 0 ROBIN D THOMAS PRESIDENTANDCEO 40.00 0.00 X X 180875 0 23180 JAMES P MCKENZIE VP OF OPERATIONS 40.00 0.00 X 121932 0 6895 BENJAMIN E BOGGS CONTROLLER 40.00 0.00 X 13024 0 1995 315831 0 32070 2 false true false FIRST DATA CORP 6200 SOUTH QUEBEC ST GREENWOOD VILLAGE CO 80111 ATM NETWORK PROVDR 162270 JACK HENRY AND ASSOCIATES INC PO BOX 609 Monett MO 65708 DATA PROVIDER 190358 STARFISH COMPUTER CORP 24831 LORAIN RD North Olmsted OH 44070 DATA PROVIDER 132734 3 LOAN INTEREST 522100 2269819 2269819 FEE INCOME 522100 665440 665440 2935259 340909 340909 INSURANCE INCOME 524298 24491 24491 SHARED BRANCHING 525990 11125 11125 ATM SURCHARGES 525990 2792 2792 38408 3314576 2935259 38408 340909 X 131325 347751 1020962 182325 177821 78346 9621 47431 4 258589 61221 106227 226716 225922 4498 4475 135696 102271 25243 PRODUCT SUPPORT 399155 399155 PROVISION FOR LOAN LOSS 252429 252429 LOAN SERVICING 273677 273677 ALL OTHER EXPENSES 41475 41475 467923 4581103 0 0 0 458560 394015 3431924 4590689 539465 293858 27222 53849439 48148893 159703 179066 5084266 2620440 2900951 2463826 8030983 8392149 3740648 4912246 1068045 1082990 74179718 70484954 8107438 6611329 5000 56399438 55516021 64511876 62127350 X 9667842 8357604 9667842 8357604 74179718 70484954 X -1266527 -87408 43697 X X false true X true false 1142111 1142111 1562221 400581 1161640 2111925 2070166 41759 268009 149693 118316 2463826 CERTIFICATE OF DEPOSITS 2190643 C CREDIT UNION OWNED LIFE INS POLICY 2721603 F 4912246 MEMBER DEPOSITS 54904619 DEFERRED COMPENSATION 457B 346524 POST RETIREMENT HRA LIABILITY 25598 PENSION LIABILITY-DEFINED BEN PLAN 111821 DEFERRED COMPENSATION 457 F 122728 OTHER LIABILITIES 4731 55516021 3314576 3314576 3314576 4581103 4581103 4581103 X X false true false ROBIN D THOMAS PRESIDENTANDCEO 171512 9211 152 7220 15960 204055 JAMES REMALIA DIRECTOR HELOC X 15000 13686 false true true DONALD SALSBURY DIRECTOR PERSONAL X 13536 13536 false true true 27222 Members or stockholder classes and rights Part VI line 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 9,495 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS. Member election for additional members Part VI line 7a THE MEMBER OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS EXPIRING ON A STAGGERED BASIS. CANDIDATES ARE ELECTED BY A SIMPLE PLURALITY VOTE. THE BOARD OF DIRECTORS HAS APPOINTED A CPA FIRM TO PERFORM SUPERVISORY COMMITTEE DUTIES. Governing body decisions Part VI line 7b CERTAIN CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE. Form 990 governing body review Part VI line 11 PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE PRESIDENT/CEO, CONTROLLER, AND THE CREDIT UNIONS TAX PREPARER. Conflict of interest policy compliance Part VI line 12c BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY MEMBERS THAT COULD CREATE A CONFLICT OF INTEREST. THESE SURVEYS ARE HELD AT THE MAIN OFFICE. CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE PRESIDENT/CEO AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED BOARD MEMBER IS EXCLUDED FROM VOTERS RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIPS INVOLVING THE CONFLICT OF INTEREST. CEO executive director top management comp Part VI line 15a THE PROCESS USED TO SET THE PRESIDENT/CEOS ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF RECOMMENDATIONS FROM SALARY CONSULTANTS AND THE ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES. Other officer or key employee compensation Part VI line 15b THE PROCESS USED TO SET THE COMPENSATION OF OFFICERS OR OTHER KEY EMPLOYEES IS BASED ON A COMBINATION OF COMPARABLE SIZED CREDIT UNIONS THROUGH THE USE OF RECOMMENDATIONS FROM SALARY CONSULTANTS AND THE ATTAINMENT IN THE CURRENT YEAR OF PREDEFINED PERFORMANCE OBJECTIVES. Governing documents etc available to public Part VI line 19 THE CREDIT UNIONS FINANCIAL STATEMENTS ARE POSTED AT ALL OFFICE ENTRANCES AS REQUIRED BY STATE REGULATIONS. BY-LAWS, CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNIONS ADMINISTRATIVE OFFICE. Audited by an independent accountant Part XII line 2b THE BOARD OF DIRECTORS SELECTS AN INDEPENDENT CPA. Explanation of other changes in net assets or fund balances Part XI line 9 UNREALIZED GAIN ON DEFINED BENEFIT PLAN OBLIGATIONS $43,697 List of other expenses Part IX line 24e Loss on Asset Disposal $457,175457(B)Non-Operating Loss $ 10,748