2023-05-09T08:03:54-05:00 2022-12-31 990 2022-01-01 340711538 EATON FAMILY CREDIT UNION INC % Michael Losneck EATO 2169202000 333 BABBITT ROAD EUCLID OH 44123 MICHAEL LOSNECK TreasurerCEO 2169202000 2023-05-09 MICHAEL LOSNECK 999009999 false 1 AAL2 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER JOCHUM 333 Babbitt Road Euclid OH 44123 3888337 false X WWW.EATONFAMILYCU.COM X 1937 OH Eaton Family Credit Union provides financial services to its qualified members 8 0 36 12 50911 0 3365009 3517225 304974 371112 0 3669983 3888337 0 0 1284832 1169577 0 0 1995136 1676152 3279968 2845729 390015 1042608 78106248 76338729 720618 1675072 77385630 74663657 Our mission is to be our members preferred source for financial products and services by meeting the growing and changing needs of the membership while maintaining a position of financial strength. false false 1169578 Direct employee & benefit costs incurred while providing savings and deposit services, loan originations and other services in the loan portfolio, while providing account maintenance and assistance to our members. 549119 Data processing & information technology (198,945.97) network security and direct program costs; ATM program (46,617.97) Debit Card program (168,065.53) VISA program (96,658.72) BillPay program (12,302.77) and Shared Branching program (26,527.89); costs incurred recording member account activities and to provide access to our members to their accounts through HomeBanking, ATMs, Debit and VISA card programs and in-person transactions at 4 different branch locations, 210948 Dividends and interest paid on approximately 18,504 accounts held by approximately 12,491 members. 1929645 false 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 true false false false false false true false false false false false false false false false false true X 0 0 true 36 true true true false false false false false false false false X 8 0 false false false false true true true true true false true true true true true true true true true true false OH X X MICHAEL T LOSNECK 2169202000 333 Babbitt Road Euclid OH 44123 MARC MANBURG Director 2.000 X 0 0 0 EVELYEEN PROBERT Board Vice Chair 2.000 X 0 0 0 MICHAEL T LOSNECK Treasurer CEO 40.00 X 151448 0 0 DORIS YEE Director 2.000 X 0 0 0 CHRISTOPHER JOCHUM Board Chair 2.000 X 0 0 0 SURESH BABU Director 2.000 X 0 0 0 DWAYNE PETISH Secretary 2.000 X 0 0 0 ROBERT SANTORO Director 2.000 X 0 0 0 GINA JACKSON Director 2.000 X 0 0 0 151448 1 false true false Loan Interest Income 522291 2613612 2613612 Fees Other Income 522100 745274 745274 Other Misc Income 522100 158339 107428 50911 3517225 371112 371112 0 3888337 3837426 50911 987489 88389 93699 29868 580970 6676 65923 2846 21605 13273 Loan Servicing 426423 Outside Services 336425 Provision for Loan Losses -96476 Misc. 77671 210948 2845729 0 0 0 773798 1270055 6533859 680079 273 207 48417142 54317142 1301935 886341 442061 415594 19766538 16947713 2172577 2707939 78106248 76338729 720618 1675072 720618 1675072 X 77385630 74663657 70487156 6898474 77385630 74663657 78106248 76338729 X 1042608 -2511903 -1201764 X X true X true X true false false false false false false false false 190290 190290 275122 136296 138826 56020 6421 49599 780503 743624 36879 415594 Security Available for Sale 920458 C Certificates Available for Sale 16027255 C 16947713 Prepaid Dues 437291 Accrued Loan Income 78095 Accrued Investment Income 38274 NCUA SIF 703927 Allowance for Loan Losses -482649 Life Insurance Asset 1933001 2707939 Other Liabilities 1675072 1675072 X X false false false false false false false false false MARC MANBURG Director EVELYEEN PROBERT Board Vice Chair MICHAEL T LOSNECK Treasurer CEO 151448 151448 DORIS YEE Director CHRISTOPHER JOCHUM Board Chair SURESH BABU Director DWAYNE PETISH Secretary ROBERT SANTORO Director GINA JACKSON Director false false false false false false DORIS YEE Director LOC X 10000 9918 false true true DORIS YEE Director Signature X 15000 14487 false true true DORIS YEE Director Share Sec X 20000 18107 false true true CHRIS JOCHUM Chair Auto X 13149 10848 false true true CHRIS JOCHUM Chair Home Equi X 49178 48965 false true true ALEX SHORTER Director Auto X 12800 12838 false true true false false false false false false false false false false false false 115163 false false false false false false false false false false Part VI Line 1a The Board of Directors all share in equal voting rights Part VI Line 1a The Board of Directors is responsible or the appointments to the various Part VI Line 1a committee's and the authorities in which each committee is vested with Part VI Line 6 The credit union is comprised of a single class owner/member each of which Part VI Line 6 has equal rights to ownership and has voting rights at the annual meeting Part VI Line 7a Members have the authority to to elect members to the board of Directors Part VI Line 7a for a 3 year term on a rotating basis, candidates are voted on by mail vote Part VI Line 7b Any appointment to a mid-term seat on the Board of Directors must be Part VI Line 7b presented to the membership and voted on at the annual meeting. Part VI Line 11b Form 990 & 990T and all schedules are reviewed by the Treasurer/CEO and Part VI Line 11b they are voted on by the Board and recorded in the meeting minutes. Part VI Line 12c All policies are reviewed annually by the Board of Directors and voted on Part VI Line 12c and recorded in the Meeting minutes. Part VI Line 15a or b All employee wages are compared to comparable sized credit unions through Part VI Line 15a or b a comp-ease system and compared to preset goals and objectives annually Part VI Line 18 All forms are available upon request at each office, they are also listed Part VI Line 18 on NCUA.gov, Guidestar.com and the State of Ohio Website. Part VI Line 19 All information is available upon request at any branch office and are Part VI Line 19 available at NCUA,gov Part XI Line 9 Increase/decrease in member shares while providing financial services Part XII Line 2c The Board of directors appoints a supervisory committee who is responsible Part XII Line 2c for the hiring and oversight of the Independent Auditors annual audit PART V lINE 3 The 990T tax flling was completed and all tax liabilities PART V Line 3 were paid online via the EFTPS portal. PART VI Line 1a The Board of Directors all share in equal voting rights. PART VI Line 6 The credit union is comprised of a single class owner/member PART VI Line 6 each of which has equal rights to ownership and has voting PART VI Line 6 rights at the annual meeting. PART VI Line 7a Members have the authority to elect members to the Board of PART VI Line 7a Directors for a 3-year term on a rotating basis, candidates PART VI Line 7a are voted on by mail vote. PART VI Line 7b Any appointments to mid-term seats on the Board of Directors PART VI Line 7b must be presented to the membership and voted on at the PART VI Line 7b annual meeting PART VI Line 11b Form 990 and all schedules are reviewed by the Treasurer/CEO PART VI Line 11b and they are voted on by the board of Directors and recorded in PART VI Line 11b the meeting minutes PART VI Line 12c All policies are reviewed annually, voted on by Board of Direct PART VI Line 12c and recorded in the meeting minutes PART VI Line 15 All employee wages are compared to a comarable size Credit Union PART VI Line 15 and compared to pre-set goals and objectives annually PART VI Line 19 all forms are available at each office upon request and listed PART VI Line 19 at NCUA.gove, Guidestar.com and State of Ohio website. PART XI Line 9 Increase/Decrease in member shares while providing financial PART XI Line 9 services PART XII Line 2c The Board appoints a supervisory committee who is responsible PART XII Line 2c for the hiring and the oversight of the independant auditors PART VI Line 1a The Board appoints a member to serve on the supervisory which PART VI Line 1a is vested with monitoring the financial soundness of the CU.