2015-05-13T16:55:00-05:00 2014-12-31 990 2014-01-01 341019039 KENT CREDIT UNION KENT 6020 RHODES ROAD KENT OH 44240 JOSEPH CRAWFIS PRESIDENTCEO 3306782274 2015-05-13 2014 2016-02-25 16:41:14Z JOSEPH CRAWFIS 2532526 false X WWW.KENTCU.COM X 1964 OH THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. 7 7 25 7 6527 -686 0 2415141 2441286 98349 91240 0 2513490 2532526 0 54936 26054 1009285 899725 0 0 1467839 1344514 2532060 2270293 -18570 262233 43409529 43167319 41210986 40706543 2198543 2460776 THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS. false false DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES GENERATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. 522130 DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING MEMBER'S ACCESS TO THEIR ACCOUNTS VIA HOME BANKING ATM NETWORKS CREDIT CARDS SHARED BRANCHING AND IN-PERSON AT THE CREDIT UNION'S BRANCH LOCATIONS. 522130 DIVIDENDS PAID TO MEMBERS ON APPROXIMATELY 13400 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 7300 MEMBERS. false false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 322 0 25 true true true false false false false false false false false false false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X JOSEPH CRAWFIS 3306782274 6020 RHODES ROAD KENT OH 44240 PAUL MARSHALL CHAIRPERSON 1 X 0 0 0 RONALD MOSS VICE CHAIRPERSON 1 X 0 0 0 JANET SESSIONS SECRETARY 1 X 0 0 0 JUDY MCKINNEY TREASURER 1 X 0 0 0 KATHY THOMAS DIRECTOR 1 X 0 0 0 WILLIAM BURNS DIRECTOR 1 X 0 0 0 TERESA REED DIRECTOR 1 X 0 0 0 JOSEPH CRAWFIS PRESIDENTCEO 40 X 72252 0 16673 DENISE BOYES CHIEF FINANCIAL OFFICER 40 X 57999 0 4151 130251 20824 false false false FISERV INC 4897 LAKE PARK BLVD SALT LAKE CITY UT 84120 DATA PROCESSINGEFT 401134 1 LOAN INTEREST 522291 1644180 1644180 FEE INCOME 522130 367410 360883 6527 OTHER INCOME 522130 429696 429696 2441286 91240 91240 2532526 2525999 6527 0 26054 130252 607852 100746 60875 4800 20410 43286 521468 161217 148759 4099 2091 25 125074 33763 LOAN SERVICING 126601 PROFESSIONAL SERVICES 3800 PROVISION FOR LOAN LOSSES 130660 MISCELLANEOUS EXPENSES 18461 2270293 0 0 0 1015930 953349 4474850 3964590 149746 158443 27991112 27294153 106431 110050 1712418 818090 889814 894328 8375142 9383405 406504 409001 43409529 43167319 147384 243030 41063602 40463513 41210986 40706543 2198543 2460776 2198543 2460776 43409529 43167319 262233 X true X true X false false 162840 162840 748797 300306 448491 32276 19646 12630 768506 498139 270367 894328 DEPOSITS IN COMMERCIAL BANKSCUS 8283000 C MEMBERSHIP CAPITAL SHARES 847684 C VISA RESERVE 35721 C MASTERCARD RESERVE 217000 C 9383405 NCUSIF DEPOSIT 409001 409001 MEMBER SAVINGS & CERTIFICATES 40463513 40463513 2532526 2532526 2532526 2270293 2270293 2270293 PART VI LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 7300 MEMBER-OWNERS EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING WITH EXCEPTION OF MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS. 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 ON A ROTATING BASIS. CANDIDATES ARE SELECTED BY A SIMPLE PLURALITY VOTE. A NOMINATING COMMITTEE IS FORMED EACH YEAR TO ACCEPT BOARD NOMINATIONS. PART VI LINE 7B CERTAIN CHANGES TO GOVERNING DOCUMENTS (CODE OF REGULATIONS) MUST BE APPROVED BY A MAJORITY OF MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE STATE REGULATORY AGENCY. PART VI LINE 11B THE PRESIDENTCEO AND CHIEF FINANCIAL OFFICER WILL REVIEW THE ENTIRE FORM 990 BEFORE IT IS FILED WITH THE IRS. EACH ANSWER IS CONFIRMED AND CHANGES ARE MADE IF NECESSARY. THE COMPLETED FORM IS ALSO SENT OUT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW. PART VI LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO BUSINESS RELATIONSHIPS AND FAMILY MEMBERS THAT COULD OR DO CREATE A CONFLICT OF INTEREST. THE SURVEY RESULTS ARE MAINTAINED BY THE PRESIDENTCEO. CONFLICTS ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND BOARD OF DIRECTORS. IF A CONFLICT EXISTS THEN THE CONFLICTED PARTY IS EXCUSED FROM DISCUSSIONS AND VOTES RELATED TO THE CONFLICT OF INTEREST. PART VI LINE 15 THE PROCESS USED TO SET THE CEO'S ANNUAL SALARY IS BASED ON A COMBINATION OF COMPARISON TO SIMILAR SIZED CREDIT UNIONS THROUGH THE USE OF SALARY SURVEYS AS WELL AS ATTAINMENT IN THE CURRENT YEAR OF PERFORMANCE OBJECTIVES SET FOR THE CREDIT UNION. THIS PROCESS IS PERFORMED BY THE COMPENSATION COMMITTEE A SUB-COMMITTEE OF THE BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS APPROVES ALL SALARY CHANGES FOR THE CEO UPON RECOMMENDATION OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST COMPLETED IN DECEMBER 2014 AND IS DONE ON AN ANNUAL BASIS. PART VI LINE 19 THE CREDIT UNION'S CODE OF REGULATIONS POLICIES AND FINANCIAL STATEMENTS CAN BE REVIEWED BY APPOINTMENT AT THE CREDIT UNION'S MAIN OFFICE LOCATION.