2025-11-10T16:02:56-06:00 2024-12-31 202122306 GBQ PARTNERS LLC 230 WEST STREET SUITE 700 COLUMBUS OH 43215 990 2024-01-01 340825325 SEVEN SEVENTEEN CREDIT UNION INC SEVE 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 SHELLY PAWCIO SENIOR VP & CFO 3303728100 2025-11-10 1 1 KATHLEEN M MOSELEY P00116760 6142211120 2025-11-10 2024 2025-03-06 01:10:19Z SHELLY PAWCIO 3181 LARCHMONT AVE NE WARREN OH 44483 120313335 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. 7 7 399 13 523011 0 0 0 95841543 114051729 3694497 6256597 0 0 99536040 120308326 0 0 0 0 35479385 37904788 0 0 0 50716819 67212601 86196204 105117389 13339836 15190937 1634137185 1758847971 1426318456 1534189876 207818729 224658095 SEE SCHEDULE O 0 0 DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 116,000 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 30498 0 1 399 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X KAREN JORDAN 3303728100 3181 LARCHMONT AVE NE WARREN OH 44483 PAUL MARSHALL CHAIRMAN 5.00 X 3657 0 0 JACK WILSTER VICE CHAIRMAN 5.00 X 1131 0 0 RAYMOND MANOFSKY DIRECTOR EMERITUS 5.00 X 0 0 0 CHERYL DIGIACOBBE DIRECTOR 5.00 X 0 0 0 ARLENE MATHES SECRETARY/TREASURER 5.00 X 3208 0 0 DENISE BOYES ASST SECRETARY/TREASURER 5.00 X 3103 0 0 MICHAEL ANNESS DIRECTOR 5.00 X 0 0 0 JOHN DEMMLER PRESIDENT & CEO 45.00 X 575810 0 74724 SHELLY PAWCIO SENIOR VP & CFO 45.00 X 352738 0 76847 DAN HARP SENIOR VP, LENDING 45.00 X 362747 0 76847 ERIC LANHAM SENIOR VP, MARKETING 45.00 X 264737 0 64621 MARK MUNNO SENIOR VP, DELIVERY CHANNELS 45.00 X 279299 0 48602 BRIAN BOETTCHER SENIOR VP, INNOV & INFO TECH 45.00 X 337116 0 60416 SHELLEY ENGLEMAN SENIOR VP, RISK MANAGEMENT 45.00 X 268815 0 65155 RYAN HOUGH SENIOR VP, HUMAN RESOURCES 45.00 X 287495 0 67505 BRETT CARNAHAN VP COMMERCIAL LENDING MANAGER 45.00 X 175750 0 51041 KATHERINE DURIG VP OPERATIONS MANAGER 45.00 X 171133 0 36135 MARY ANN KING VP INFO TECH MANAGER 45.00 X 195125 0 54070 KAREN JORDAN VP ACCOUNTING/FINANCE MANAGER 45.00 X 175626 0 49904 JOHNA SCHERZER VP LENDING MANAGER 45.00 X 181359 0 51553 JOSEPH DATCHUK COLLECTIONS & RECOVERY ATTY 45.00 X 205956 0 55869 ARRON FRANK LOAN ORIGINATOR 45.00 X 229269 0 59305 SHARI GRANGER VP IT OPERATIONS MANAGER 45.00 X 158127 0 34460 SUSAN ALIBERTI VP PYMT SOLUTIONS MANAGER 45.00 X 159749 0 47493 MICHAEL BARKLEY EXECUTIVE DIRECTOR, GOVERNMENT AFFAIRS 45.00 X 148235 0 47408 GARY SOUKENIK FORMER PRESIDENT & CEO 45.00 X 432203 0 34101 4972388 0 1056056 19 1 1 0 CALDWELL BUILDERS 6028 MAHONING AVE NW WARREN OH 44481 CONTRACTOR/CONSTRUCTION LOANS 628876 JAMES BURGARD CONSTRUCTION 5144 CADWALLADER SONK RD FOWLER OH 44481 CONTRACTOR/CONSTRUCTION LOANS 374700 SPECIALITY CONSTRUCTION OF MAHONING VALL 582 FOREST RIDGE DR BOARDMAN OH 44512 CONTRACTOR/CONSTRUCTION LOANS 279000 DURKIN HOMES LLC 5307 NASHUA DR YOUNSTOWN OH 44515 CONTRACTOR/CONSTRUCTION LOANS 146558 4 INTEREST ON LOANS 522100 88433102 88433102 FEE INCOME 522100 25095616 25095616 NON-MEMBER FEES AND INCOME 522100 493721 493721 RENTAL 531120 29290 29290 114051729 6261606 6261606 5009 -5009 -5009 -5009 120308326 113528718 523011 6256597 4416272 466304 21648066 2688658 6654953 2030535 84327 439964 104560 160321 4838941 15724423 2560229 65650 28734 30097786 PROVISIONS FOR LOAN LOS 10734766 MISCELLANEOUS 1430373 LOAN SERVICING 635652 PROFESSIONAL FEES 157815 149060 105117389 24420629 27194271 52537386 66789421 1336474098 1458132669 57702063 37228100 22854931 20473963 104854549 90030381 14570636 13802640 78424956 82424626 1634137185 1758847971 20394832 23790401 91500000 51500000 1314423624 1458899475 1426318456 1534189876 X 0 0 0 0 207818729 224658095 207818729 224658095 1634137185 1758847971 15190937 1648429 0 X 0 1 X 1 0 3007338 3007338 22243412 14204096 8039316 12238161 8029799 4208362 20213152 14994205 5218947 20473963 SHARE ACCOUNTS 416720998 MONEY MARKET ACCOUNTS 345922674 SHARE DRAFT ACCOUNTS 251176950 SHARE CERTIFICATE ACCOUNTS 445078853 1458899475 X X 1 1 X X X X 0 1 0 JOHN DEMMLER PRESIDENT & CEO 575810 0 0 0 0 0 49627 0 25097 0 650534 0 0 0 GARY SOUKENIK FORMER PRESIDENT & CEO 167392 0 264811 0 0 0 31050 0 3051 0 466304 0 0 0 DAN HARP SENIOR VP, LENDING 279800 0 82947 0 0 0 51750 0 25097 0 439594 0 0 0 SHELLY PAWCIO SENIOR VP & CFO 272932 0 79806 0 0 0 51750 0 25097 0 429585 0 0 0 BRIAN BOETTCHER SENIOR VP, INNOV & INFO TECH 259267 0 77849 0 0 0 49539 0 10877 0 397532 0 0 0 RYAN HOUGH SENIOR VP, HUMAN RESOURCES 225767 0 61728 0 0 0 42408 0 25097 0 355000 0 0 0 SHELLEY ENGLEMAN SENIOR VP, RISK MANAGEMENT 210875 0 57940 0 0 0 40058 0 25097 0 333970 0 0 0 ERIC LANHAM SENIOR VP, MARKETING 209920 0 54817 0 0 0 39524 0 25097 0 329358 0 0 0 MARK MUNNO SENIOR VP, DELIVERY CHANNELS 222324 0 56975 0 0 0 41374 0 7228 0 327901 0 0 0 ARRON FRANK LOAN ORIGINATOR 25315 0 203954 0 0 0 34208 0 25097 0 288574 0 0 0 JOSEPH DATCHUK COLLECTIONS & RECOVERY ATTY 177705 0 28251 0 0 0 30772 0 25097 0 261825 0 0 0 MARY ANN KING VP INFO TECH MANAGER 156118 0 39007 0 0 0 28973 0 25097 0 249195 0 0 0 JOHNA SCHERZER VP LENDING MANAGER 145921 0 35438 0 0 0 26456 0 25097 0 232912 0 0 0 BRETT CARNAHAN VP COMMERCIAL LENDING MANAGER 140616 0 35134 0 0 0 25944 0 25097 0 226791 0 0 0 KAREN JORDAN VP ACCOUNTING/FINANCE MANAGER 142546 0 33080 0 0 0 24807 0 25097 0 225530 0 0 0 KATHERINE DURIG VP OPERATIONS MANAGER 136919 0 34214 0 0 0 25258 0 10877 0 207268 0 0 0 SUSAN ALIBERTI VP PYMT SOLUTIONS MANAGER 129483 0 30266 0 0 0 22396 0 25097 0 207242 0 0 0 MICHAEL BARKLEY EXECUTIVE DIRECTOR, GOVERNMENT AFFAI 118655 0 29580 0 0 0 22311 0 25097 0 195643 0 0 0 SHARI GRANGER VP IT OPERATIONS MANAGER 126473 0 31654 0 0 0 23583 0 10877 0 192587 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 APRIL 30TH 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 2159 379223 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 3112 PAID