2017-11-15T21:50:53-05:00 2016-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2016-01-01 340825325 SEVEN SEVENTEEN CREDIT UNION INC SEVE 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 SHELLY PAWCIO SENIOR VP & CFO 3303728385 2017-11-15 true DANIEL J COLE P00055998 9547551760 2017-11-15 5D0280A0F7BC3FECD0BDDAC7B68987F93B77BE44 A5F0722B2E1EE60B7359FC3108F559BC9498E2AF 2016 2017-02-10 21:41:12Z SHELLY PAWCIO 3181 LARCHMENT AVENUE WARREN OH 44483 80960379 false X WWW.SSCU.NET 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. 7 7 288 12 338064 154616 0 44947004 54428515 2260640 2078830 0 47207644 56507345 0 0 21318315 22570940 0 0 17484137 18678087 38802452 41249027 8405192 15258318 901366348 916585835 789727735 789412650 111638613 127173185 X 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. false false DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 74,000 MEMBERS ON THEIR SHARE ACCOUNTS, MONEY MAKET ACCOUNTS, AND CERTIFICATE OF DEPOSIT ACCOUNTS. EMPLOYEE LABOR AND BENEFIT COSTS INCURRED TO SUPPORT SAVINGS SERVICES, LOAN ORIGINATIONS, AND SERVICING 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. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 18660 0 true 288 true true true false false false false false X 7 7 false false false false true true false true true false true true false true true true true true true true false X SHELLY PAWCIO 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 JACK WILSTER CHAIRMAN 5.00 X 3423 0 0 RAYMOND MANOFSKY VICE CHAIRMA 5.00 X 3564 0 0 JOE NOARK 2ND VICE CHA 5.00 X 0 0 0 CHERYL DIGIACOBBE SEC TREAS 5.00 X 7118 0 0 AARON FRANK LOAN ORIGINA 45.00 X 214778 0 55819 WILLIAM SKELISKI DIRECTOR 5.00 X 0 0 0 GARY SOUKENIK PRESIDENT & 45.00 X 644016 0 74868 JEROME MCGEE EXECUTIVE VP 45.00 X 343733 0 73015 MICHAEL DONADIO SENIOR VP, L 45.00 X 250408 0 69800 ERIC LANHAM SENIOR VP MA 45.00 X 183735 0 51472 CAMILLE FAVRE SENIOR VP, H 45.00 X 221581 0 78276 RONALD MINTUS IT MANAGER 45.00 X 164129 0 59551 DARLENE CESTA LENDING MNGR 45.00 X 160330 0 45812 MICHAEL ROBINSON DIRECTOR 5.00 X 610 0 0 ARLENE MATHES DIRECTOR 5.00 X 2637 0 0 PATRICIA SPENCER COLL & REC A 45.00 X 162591 0 47153 MARK MUNNO SENIOR VP DE 45.00 X 160199 0 47505 BRIAN BOETTCHER SVP INNOV & 45.00 X 187138 0 46969 SHELLEY ENGLEMAN SVP, RISK MA 45.00 X 153218 0 45934 SHELLY PAWCIO SENIOR VP & 45.00 X 133483 0 43583 2996691 739757 13 false true false VALLY TITLE & ESCROW PO BOX 1429 WARREN OH 44482 APPRAISAL 106953 1 INTEREST ON LOANS 34841760 34841760 FEE INCOME 19248691 19248691 NON-MEMBER ATM FEES 900004 316791 316791 RENTAL 531120 19401 19401 RELATED CO PAYMENTS 900003 1872 1872 54428515 2056809 2056809 24475055 24448456 4578 26599 -4578 22021 22021 56507345 56169281 338064 2161380 13010185 2087262 4196912 1115201 14015 21028 56978 2041780 8867422 1445318 131931 48015 2135656 PROVISION FOR LOAN LOSSES 3006748 PROFESSIONAL FEES 467934 LOAN SERVICING 405460 LOSS ON DISP. ACQ ASSETS 35802 41249027 0 0 0 17688244 16975961 54279643 25414404 649637888 718932741 30379609 21700599 9200632 8679010 124620554 96840135 14991388 13496796 30947999 36246788 901366348 916585835 18150883 13553584 771576852 775859066 789727735 789412650 X 111638613 127173185 111638613 127173185 901366348 916585835 15258318 276254 X false true X true false 1669802 1669802 15636154 9798357 5837797 4001112 3556059 445053 9072541 8346183 726358 8679010 SHARE ACCOUNTS 278732812 MONEY MARKET ACCOUNTS 217450924 SHARE DRAFT ACCOUNTS 133299771 SHARE CERTIFICATE ACCOUNTS 90659079 IRA ACCOUNTS 50664171 OTHER SHARE ACCTS 5052309 775859066 X X true true X X X X false true false AARON FRANK LOAN ORIGINATOR 24503 190275 55819 270597 GARY SOUKENIK PRESIDENT & CEO 455403 187484 1129 74868 718884 JEROME MCGEE EXECUTIVE VP CFO 270927 72806 73015 416748 MICHAEL DONADIO SENIOR VP, LENDING 197313 53095 69800 320208 ERIC LANHAM SENIOR VP MARKETING 144441 39294 51472 235207 CAMILLE FAVRE SENIOR VP, HUMAN RES 173641 47940 78276 299857 RONALD MINTUS IT MANAGER 133128 31001 59551 223680 DARLENE CESTA LENDING MNGR 129964 30366 45812 206142 PATRICIA SPENCER COLL & REC ATTORNEY 145591 17000 47153 209744 MARK MUNNO SENIOR VP DEL CHAN 133413 26786 47505 207704 BRIAN BOETTCHER SVP INNOV & INFO TEC 187138 46969 234107 SHELLEY ENGLEMAN SVP, RISK MANAGMENT 130042 23176 45934 199152 SHELLY PAWCIO SENIOR VP & CFO 108890 24593 43583 177066 SCHEDULE J, PART III MEMBERS OF SENIOR MANAGEMENT ARE PARTICIPANTS IN A BENEFIT PLAN REFERRED TO AS A "SERP". DURING THE YEAR ENDING DECEMBER 31, 2016 THE PREVIOUS PLAN WAS CLOSED. A NEW PLAN WAS ENTERED INTO AND IS BEING FUNDED VIA LIFE INSURANCE POLICIES AND SPLIT DOLLAR LOAN AGREEMENTS. FORM 990 - ORGANIZATION'S MISSION 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. FORM 990 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 LOANS. IF AN EMPLOYEE IS TERMINATED FROM EMPLOYMENT, THEN THE LOAN WILL REVERT TO THE NON DISCOUNTED RATE. FORM 990, PAGE 6, PART VI, LINE 6 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, PAGE 6, PART VI, LINE 7A 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, PAGE 6, PART VI, LINE 11B 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, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, LINE 15A 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 INDEPENDEDNT CREDIT UNION COMPENSATION CONSULTANT. THE PROCESS IS PERFORMED ANNUALLY BY THE COMPENSATION COMMITTEE (A SUBCOMMITEE 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. FORM 990, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 THE CREDIT UNIONS ANNUAL REPORT AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH POSTINGS ON THE CREDIT UNIONS WEBSITE AT WWW.SSCU.NET. QUARTERLY FINANCIAL DATA IS ALSO AVAILABLE AT WWW.NCUA.GOV. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE MAIN OFFICE OF THE CREDIT UNION. GOVERNING DOCUMENTS AND THE CONLFICT OF INTEREST POLICY MAY BE MADE AVAILABLE UPON REQUEST. KD PROPERTIES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341521043 FINANCIAL OH N/A C CORP 1000 1.00000 false SOUND FINANCIAL SERVICES INC 3181 LARCHMONT AVE NE WARREN OH 44483 341481162 FINANCIAL OH N/A C CORP 600779 439542 1.00000 false true false false false false false false false false true false false false false false false false false false SOUND FINANCIAL SERVICES INC A 1872 PAID KD PROPERTIES INC A