2016-11-10T08:08:52-06:00 2015-12-31 990 2015-01-01 340153040 TALERIS CREDIT UNION INC TALE 2167392300 1250 E GRANGER ROAD BROOKLYN HEIGHTS OH 44131 ROBIN D THOMAS PRESIDENT/CEO 2167392300 2016-11-04 2015 2017-02-10 21:41:12Z ROBIN D THOMAS 1250 EAST GRANGER ROAD BROOKLYN HEIGHTS OH 44131 3490720 0 X WWW.TALERISCU.ORG X 1935 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 33 13 49327 0 0 0 3275995 3139018 333172 295453 85606 56249 3694773 3490720 0 0 145040 112394 1664119 1825210 0 0 0 2341128 2022214 4150287 3959818 -455514 -469098 69575699 67644289 58509896 57250627 11065803 10393662 TO PROVIDE LENDING, SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES THE MEMBERS' STATUS AS "OWNERS". 0 0 TALERIS CREDIT UNION, INC. IS A MID-SIZE OHIO STATE CHARTERED CREDIT UNION PROVIDING 9,327 MEMBERS WITH AFFORDABLE SERVICES AND PRODUCTS, WHICH INCLUDE SECURED & 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, COURTESY PAY SERVICES, OVERDRAFT PROTECTION, AS WELL AS OTHER STANDARD BANKING SERVICES AND PRODUCTS. WE HAVE SERVED MEMBERS AND SPONSOR GROUPS FOR OVER 80 YEARS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1086 0 1 33 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 0 1 1 0 X ROBIN D THOMAS 2167392300 1250 E GRANGER ROAD BROOKLYN HEIGHTS OH 44131 MARY JANE CAMARATO CHAIRPERSON 2.30 X X 0 0 0 JOANNA CURRAN LEFT 62015 DIRECTOR 0.90 X 0 0 0 LOUSE VOCAIRE-TRAMPOSCH TREASURER 2.30 X X 0 0 0 HARRY KATZENMEYER DIRECTOR 0.90 X 0 0 0 JAMES REMALIA SECRETARY 2.30 X X 0 0 0 DONALD SALSBURY DIRECTOR 0.90 X 0 0 0 JOHN GARY WAUGH VICE CHAIRPERSON 2.30 X X 0 0 0 LEEVEARN GRIMES DIRECTOR 0.90 X 0 0 0 JAMES P MCKENZIE VICE PRESIDENT OPERATIONS 40.00 X 101991 0 31787 ROBIN D THOMAS PRESIDENT/CEO 40.00 X 175835 0 14320 277826 0 46107 2 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 657080609 DATA PROCESSOR 235935 FIRST DATA CORP 6200 S QUEBEC ST GREENWOOD VILLAGE CO 80111 ATM NETWORK PROVIDER 152903 2 LOAN INTEREST 522100 2353745 2353745 FEE INCOME 522100 785273 785273 3139018 295453 295453 INSURANCE INCOME 524298 32433 32433 SHARED BRANCHING 525990 10649 10649 MISCELLANEOUS 522100 6922 6922 6245 6245 56249 3490720 3145940 49327 295453 112394 323933 1244216 154434 102627 1987 35887 18 129731 73627 122931 204142 194000 5342 7100 287 145170 25170 PRODUCT SUPPORT 432975 PROVISION FOR LOAN LOSS 409174 LOAN SERVICING 189477 ALL OTHER EXPENSES 45196 3959818 565724 555101 4511570 4922932 262486 493908 43427635 44666299 158051 243797 6579687 3535840 3172772 3043847 13606815 9812794 2835761 2911007 1034885 994604 69575699 67644289 467083 417706 12897 4684 58029916 56828237 58509896 57250627 X 0 0 0 0 11065803 10393662 11065803 10393662 69575699 67644289 X -469098 -49987 -153056 X X 0 1 X 1 0 1142111 1142111 3201805 1384421 1817384 2106590 2022378 84212 129181 129041 140 3043847 MEMBER DEPOSITS 56101858 DEFERRED COMPENSATION LIABILITY - 457 (B) 245857 POST RETIREMENT HRA LIABILITY 84743 PENSION LIABILITY - DEFINED BENEFIT PLAN 279870 DEFERRED COMPENSATION LIABILITY - 457 (F) 115909 56828237 3490720 0 3490720 0 3490720 3959818 0 3959818 0 3959818 PART X, LINE 2 THERE IS NO FIN 48 FOOTNOTE IN THE 2015 FINANCIALS BECAUSE TALERIS DID NOT HAVE A SIGNIFICANT UNCERTAIN TAX LIABILITY TO REPORT. 1 X X 0 1 0 ROBIN D THOMAS PRESIDENT/CEO 164174 0 11500 0 161 0 0 0 14320 0 190155 0 0 0 PART I, LINE 4B CEO/PRESIDENT PARTICIPATES IN A 457(F) NONQUALIFIED RETIREMENT PLAN; HOWEVER, THE PLAN HAD NO EARNINGS FOR THE 2015 TAX YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 9,012 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETINGS. FORM 990, PART VI, SECTION A, 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 APPOINT VOLUNTEERS TO SERVE ON THE SUPERVISORY COMMITTEE, WHICH IS VESTED WITH MONITORING THE SAFETY AND SOUNDSHIP OF THE ORGANIZATION. IF DEEMED APPROPRIATE, THE SUPERVISORY COMMITTEE CAN SUSPEND BOARD MEMBERS AND CAN CALL A SPECIAL MEETING OF THE MEMBERSHIP TO EVALUATE THE ISSUE AND VOTE TO EITHER DISMISS OR REINSTATE BOARD MEMBERS. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, 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 UNION'S INDEPENDENT AUDITOR. FORM 990, PART VI, SECTION B, 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 VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIPS INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED TO SET THE PRESIDENT/CEO'S 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. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S 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 UNION'S EAST GRANGER ROAD OFFICE. FORM 990, PART XI, LINE 9: UNREALIZED LOSSES ON DEFINED BENEFIT PLAN OBLIGATIONS -153,056. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.