2025-11-13T12:00:57+00:00 2024-12-31 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-01-01 344455780 Superior Credit Union Inc SUPE 4192239746 4230 Elida Road Lima OH 45807 Stacy Deitering CFO 4192239746 2025-11-13 true Michael Summers P00838533 3173834000 2025-11-17 2024 2025-03-06 01:10:19Z PHILLIP BUELL 4230 Elida Road Lima OH 45807 101725362 false X www.superiorcu.com/# X 1954 OH PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. 9 9 312 10 4208140 0 0 0 62369721 73552840 20723586 26288921 0 0 83093307 99841761 258000 190500 0 0 20538260 22055006 0 0 0 43164750 55484695 63961010 77730201 19132297 22111560 1651046839 1697559915 1451027457 1472489452 200019382 225070463 WE PROMISE TO SIMPLIFY YOUR LIFE. WE PROMISE TO WORK IN YOUR BEST INTEREST. WE PROMISE TO HELP YOU BUILD YOUR FINANCIAL FUTURE. WE PROMISE TO PROVIDE PRODUCTS AND SERVICES RELEVANT TO YOUR NEEDS. WE PROMISE TO PROTECT YOUR PRIVACY. false false PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. 0 false false false false false false false false true false true true false false true true false true false false false false false false false false false false true true false false false false false true false false false false false false false false true false false false false false true 23986 0 true 312 true true true false false false false false true false X 9 9 false false false false true true false true true false true true true true true true true true true true true true OH X STACEY DEITERING 5679406301 4230 ELIDA RD LIMA OH 45807 CHERYL LAWSON TREASURER 1.0 X X 0 0 0 GREGORY SHRADER VICE CHAIRMAN 1.0 X X 0 0 0 JAMES BACOME CHAIRMAN 1.0 X X 0 0 0 KELLY RECKER SECRETARY 1.0 X X 0 0 0 DAVID WATKINS DIRECTOR 1.0 X 0 0 0 JOE PATTON DIRECTOR 1.0 X 0 0 0 JOEL PARKER SUPERVISORY COMMITTEE - CHAIR 1.0 X 0 0 0 LYNN CARPENTER DIRECTOR 1.0 X 0 0 0 PAMELA SHAW DIRECTOR 1.0 X 0 0 0 RAYMOND HUGHES Director 1.0 X 0 0 0 KEITH EIDEN EVP SALES & LENDING 40.0 X 730220 0 58630 KURTIS NEEPER SVP DEVELOPMENT/CEO OF SFS 40.0 X 206453 0 49531 MELANIE WELDY COO 40.0 X 248989 0 52422 PHILLIP BUELL PRESIDENT - CEO 40.0 X 1178754 0 58630 STACEY DEITERING CFO 40.0 X 241538 0 52044 BRIAN GRIME IS MANAGER 40.0 X 195397 0 48913 JEFFREY BEINING SVP ASSET MANAGEMENT 40.0 X 243286 0 42355 STEVEN BOROFF SVP ADMINISTRATION 40.0 X 196636 0 23947 CAROL BUETTNER VP Private Banking 40.0 X 207436 0 39827 JANICE VON DER EMBSE VP TRUST SERVICES 40.0 X 274814 0 29377 TIMOTHY NIEBEL Investment Services Representative 40.0 X 242421 0 52132 TRACY STROUS VP INVESTMENT SERVICES 40.0 X 337371 0 48779 WENDY DONLEY REGIONAL VP 40.0 X 430546 0 58630 4733861 0 615217 31 false true false CONVERGE TECHNOLOGY SOLUTIONS US LLC 4621 LYMAN DR HILLIARD OH 43026 IT SOFTWARES 709076 LKCS INC 4130 PLANK RD PERU IL 61354 STATEMENTS 640160 MAHALO TECHNOLOGIES INC 220 N GREEN ST SUITE 630 CHICAGO IL 60607 ONLINE BANKING 567443 STRATEGIC RESOURCE MANAGEMENT INC 5100 POPLAR AVE SUITE 2500 MEMPHIS TN 38137 ADVISORY 505774 JACK HENRY & ASSOCIATES INC 663 WEST HIGHWAY 60 MONETT MO 65708 CORE SOFTWARE 479606 26 0 INTEREST ON LOANS 522100 53480521 53480521 FEE INCOME 522100 7210280 3002140 4208140 OTHER INCOME 522100 9064328 9064328 DEPOSIT INCOME 522100 3797711 3797711 0 0 0 0 73552840 25909522 25909522 0 0 2263000 1883601 379399 0 379399 379399 0 0 0 0 0 0 99841761 69344700 4208140 26288921 190500 3627745 14414608 1619684 1029142 1363827 689688 2154033 7272585 370115 263791 35727859 1347878 2997355 CARD PROCESSING FEES 2716534 PROVISION FOR LOAN LOSSES 853797 OTHER EXPENSES 776989 DIRECTOR AND DUES 175472 138599 77730201 11082316 16879047 79611691 81055181 0 0 1949951 2044395 1007205246 1094605906 8675342 9011494 42759285 18681060 23550145 24078225 500750095 451185635 0 1665024 1043477 16557029 17656555 1651046839 1697559915 13080243 9856277 12709653 14177902 0 0 105000000 5000000 1320237561 1443455273 1451027457 1472489452 200019382 225070463 200019382 225070463 1651046839 1697559915 22111560 2939521 0 X false true true false false true X 5151989 5151989 24388602 7471565 16917037 874667 668709 205958 11839076 10035835 1803241 504951 504951 0 24078225 Closely-held equity interests Financial derivatives Exchange traded funds 23400160 F Available-for-sale investments 414853932 F Held-to-maturity investments 298180 C Investments - other securities 12633363 C 451185635 Federal Income Taxes Members' share accounts 1441872070 Dividends payable 1583203 1443455273 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part IV, Line 2b Explanation of escrow agreement THE CREDIT UNION SERVICES 1ST MORTGAGE LOANS AND AS PART OF PROVIDING THIS SERVICE, COLLECTS PROPERTY INSURANCE AND REAL ESTATE TAX PAYMENTS MONTHLY FROM HOME OWNERS. THE CREDIT UNION HOLDS THE FUNDS IN ESCROW UNTIL THE INSURANCE PREMIUMS OR TAX BILLS ARE DUE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITION TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. true FIRST TIME HOME BUYERS GRANT 96 190500 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THESE GRANTS ARE CALLED "SUPERIOR FIRST ARE GIVEN TO FIRST TIME HOME BUYERS. THE AMOUNT IS GIVEN TO THE MEMBER ON THE FUNDING OF THE HOME LOAN. SUPERIOR CREDIT UNION THEN KNOWS THE GRANT IS BEING USED FOR ITS INTENDED PURPOSES. X X true true X X X X X X false true false PHILLIP BUELL PRESIDENT - CEO 515508 0 128246 0 535000 0 24150 0 34480 0 1237384 0 0 0 KEITH EIDEN EVP SALES & LENDING 280332 0 41284 0 408604 0 24150 0 34480 0 788850 0 0 0 MELANIE WELDY COO 235198 0 13791 0 0 0 17942 0 34480 0 301411 0 0 0 STACEY DEITERING CFO 227926 0 13612 0 0 0 17564 0 34480 0 293582 0 0 0 KURTIS NEEPER SVP DEVELOPMENT/CEO OF SFS 178767 0 27686 0 0 0 15051 0 34480 0 255984 0 0 0 JEFFREY BEINING SVP ASSET MANAGEMENT 229485 0 13801 0 0 0 17726 0 24629 0 285641 0 0 0 BRIAN GRIME IS MANAGER 184258 0 11139 0 0 0 14433 0 34480 0 244310 0 0 0 STEVEN BOROFF SVP ADMINISTRATION 185784 0 10852 0 0 0 14096 0 9851 0 220583 0 0 0 TRACY STROUS VP INVESTMENT SERVICES 36189 0 301182 0 0 0 24150 0 24629 0 386150 0 0 0 JANICE VON DER EMBSE VP TRUST SERVICES 89331 0 185483 0 0 0 19526 0 9851 0 304191 0 0 0 TIMOTHY NIEBEL Investment Services Representative 43931 0 198490 0 0 0 17652 0 34480 0 294553 0 0 0 CAROL BUETTNER VP Private Banking 137056 0 70380 0 0 0 15198 0 24629 0 247263 0 0 0 WENDY DONLEY REGIONAL VP 111648 0 28168 0 290730 0 24150 0 34480 0 489176 0 0 0 Schedule J, Part I, Line 1a Travel for companions Superior Credit Union provides travel for companions for board members only. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Phillip Buell participated in a 457(f) plan. During 2024, the plan distributed $535,000 to him. Keith Eiden participated in a 457(f) plan. During 2024, the plan distributed $408,604 to him. David Watkins Director AUTO X 18048 12709 false false true Cheryl Lawson TREASURER Home Equity LOC X 0 20823 false false true Cheryl Lawson TREASURER MORTGAGE X 50000 29056 false false true Cheryl Lawson TREASURER MORTGAGE X 440000 399214 false false true Jeffrey Beining SVP Asset Management CREDIT CARD X 0 221 false false true JOEL PARKER Supervisory Committee - Chair MORTGAGE X 252500 230591 false false true JOEL PARKER Supervisory Committee - Chair AUTO X 6375 753 false false true JOEL PARKER Supervisory Committee - Chair AUTO X 6451 3910 false false true JOEL PARKER Supervisory Committee - Chair LOC X 0 479 false false true JOEL PARKER Supervisory Committee - Chair CREDIT CARD X 0 4683 false false true JOEL PARKER Supervisory Committee - Chair Home Equity LOC X 0 46920 false false true Kurtis Neeper SVP Development/CEO of SFS CREDIT CARD X 0 1667 false false true Kurtis Neeper SVP Development/CEO of SFS Home Equity LOC X 0 109199 false false true Kurtis Neeper SVP Development/CEO of SFS MORTGAGE X 350200 279372 false false true Kurtis Neeper SVP Development/CEO of SFS MORTGAGE X 283500 282592 false false true Melanie Weldy COO MORTGAGE X 166000 96416 false false true Melanie Weldy COO AUTO X 30316 22199 false false true Stacey Deitering CFO AUTO X 40665 17546 false false true Stacey Deitering CFO CREDIT CARD X 0 1618 false false true Stacey Deitering CFO Home Equity LOC X 0 70650 false false true Joe Patton Director CREDIT CARD X 0 305 false false true Kelly Recker secretary MORTGAGE X 150000 38199 false false true James Bacome CHAIRMAN MORTGAGE X 100000 88905 false false true James Bacome CHAIRMAN CREDIT CARD X 0 3602 false false true James Bacome CHAIRMAN MORTGAGE X 130000 108824 false false true Gregory Shrader Vice Chairman MORTGAGE X 63100 55868 false false true Gregory Shrader Vice Chairman AUTO X 13035 4802 false false true Gregory Shrader Vice Chairman CREDIT CARD X 0 12094 false false true Gregory Shrader Vice Chairman Home Equity LOC X 0 19675 false false true Phillip Buell President - CEO CREDIT CARD X 0 35 false false true Phillip Buell President - CEO CREDIT CARD X 0 1751 false false true Keith Eiden EVP Sales & Lending CREDIT CARD X 0 1271 false false true Brian Grime IS Manager MORTGAGE X 180500 78156 false false true Pamela Shaw Director CREDIT CARD X 0 290 false false true 2044395 Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERSHIP IS REQUIRED BY THE CREDIT UNION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE ORGANIZATION HAS MEMBERS WHO ELECT THE BOARD OF DIRECTORS AT INTERVALS DESCRIBED IN THE BYLAWS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATIONS PROVIDES A COPY OF THE 990 TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, ALL MEMBERS OF MANAGEMENT COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT AND DISCLOSE ALL OUTSIDE POSITIONS HELD. THIS FORM IS THEN AUDITED BY OUR INTERNAL AUDITOR. A BOARD MEMBER WITH A CONFLICT ABSTAINS FROM VOTING. Form 990, Part VI, Line 15a Process to establish compensation of top management official CEO AND EXECUTIVE VP SALARIES ARE REVIEWED BY AHO CONSULTING. THE BOARD OF DIRECTORS REVIEWS THE CEO COMPENSATION REPORTS AND APPROVES INCREASES BASED ON PERFORMANCE AND THE INFORMATION. THE CEO REVIEWS THE EXECUTIVE VP COMPENSATION REPORTS AND APPROVES INCREASES BASED ON PERFORMANCE AND THE INFORMATION. Form 990, Part VI, Line 15b Process to establish compensation of other employees ALL OTHER MANAGEMENT POSITIONS ARE REVIEWED BY THE SVP ADMINISTRATION BY USING SALARY SURVEYS FROM CUNA ON AN ANNUAL BASIS. THE SALARY REVIEW IS PRESENTED TO THE CEO AND DISCUSSED. A MERIT PAY INCREASE TABLE IS APPROVED BY THE CEO AND PAY INCREASES FOR MANAGEMENT ARE BASED ON A PERFORMANCE EVALUATION. THE EVALUATION SCORE IS COMPARED TO THE MERIT PAY INCREASE TABLE FOR A PAY INCREASE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. SUPERIOR FINANCIAL SOLUTIONS LLC 4230 ELIDA RD LIMA OH 45807 205799048 FINANCIAL SERVICES OH 4159191 9051779 SUPERIOR CU