2023-10-26T08:48:00-05:00 2022-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2022-01-01 340835673 1129 FALLS CATHOLIC CREDIT UNION 1129 3309297341 33 GRAHAM ROAD CUYAHOGA FALLS OH 44223 MATTHEW MECURIO PRESIDENT/CEO 3309297341 2023-10-23 1 MATTHEW MECURIO 999009999 0 GREGORY W HEIMKREITER P01331287 5138713033 2023-10-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW MECURIO 33 GRAHAM ROAD CUYAHOGA FALLS OH 44223 2065973 0 X WWW.FALLSCCU.ORG X 1957 OH POOL MEMBER FINANCIAL RESOURCES IN ORDER TO PROVIDE FUNDS FOR LOANS AND VARIOUS FINANCIAL SERVICES WHICH ARE AVAILABLE TO ANYONE WITHIN THE MEMBERSHIP BASE. FALLS CATHOLIC CREDIT UNION IS DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR THE MEMBERSHIP BY PROVIDING A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING CUSTOMER SATISFACTION, GROWTH AND STABILITY. 7 7 11 7 0 0 0 0 1546205 1719769 127908 346204 0 0 1674113 2065973 0 0 72523 95580 609090 704202 0 0 0 722477 831392 1404090 1631174 270023 434799 54348002 54602519 46500513 46419122 7847489 8183397 X POOL MEMBER FINANCIAL RESOURCES IN ORDER TO PROVIDE FUNDS FOR LOANS AND VARIOUS FINANCIAL SERVICES WHICH ARE AVAILABLE TO ANYONE WITHIN THE MEMBERSHIP BASE. FALLS CATHOLIC CREDIT UNION IS DEDICATED TO BEING THE PRIMARY FINANCIAL INSTITUTION FOR THE MEMBERSHIP BY PROVIDING A FULL RANGE OF FINANCIAL SERVICES WHILE MAINTAINING CUSTOMER SATISFACTION, GROWTH AND STABILITY. 0 0 OUR PRIMARY SERVICE IS LENDING AND THE REVENUE THAT WE RECEIVE IS IN THE FORM OF INTEREST AND FEES ON LOANS. THE FUNDS THAT WE LOAN OUT ARE THOSE THAT HAVE BEEN DEPOSITED BY OUR MEMBERS SO THE EXPENSES--THE COST OF THESE FUNDS--ARE THE DIVIDENDS THAT WE PAY ON THESE DEPOSITS PLUS ANY INTEREST THAT WE PAY ON FUNDS THAT WE NEED TO BORROW. WE ALSO OFFER SHARE DRAFT-CHECKING ACCOUNT WITH ATM CARDS AND MASTERCARD DEBIT CARDS. WE RECEIVE REVENUE FROM THE MEMBERS BY PROVIDING THESE SERVICES-- AND INCUR COSTS AS WELL. WE ALSO DERIVE INCOME FROM FEES RELATED TO THE FINANCIAL SERVICES WE OFFER OUR MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 640 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X FALLS CATHOLIC CREDIT UNION 3309297341 33 GRAHAM ROAD CUYAHOGA FALLS OH 44223 TERRENCE STEEL SECRETARY 1.00 X X 0 0 0 MICHAEL BURNS CHAIRMAN 1.00 X X 0 0 0 NICHOLAS HILL BOARD MEMBER 1.00 X X 0 0 0 ABRAHAM BRANNAN BOARD MEMBER 1.00 X 0 0 0 SUE FIGLER BOARD MEMBER 1.00 X 0 0 0 SEAN WILSON VICE CHAIRMAN 1.00 X 0 0 0 OLIVIA BLATT BOARD MEMBER 1.00 X 0 0 0 TERRI STOTT VICE PRESIDENT 40.00 X 66254 0 0 BILL LAMBACHER COMPTROLLER 40.00 X 67641 0 0 MATTHEW MECURIO PRESIDENT/CEO 40.00 X 120464 0 0 254359 0 0 1 0 0 0 0 LOAN INTEREST INCOME 522100 1382663 1382663 DEPOSIT-RELATED INCOME 522100 172454 172454 LENDING-RELATED INCOME 522100 107887 107887 CARD INCOME 522100 46001 46001 OTHER INCOME 522100 10764 10764 1719769 346204 346204 2065973 1719769 0 346204 95580 254359 261489 25236 123838 39280 29309 38949 1020 9387 78264 95829 65763 42033 28577 BANK CHARGES AND PROCES 277871 OTHER 87332 LOAN PROCESSING 80853 DIRECTORS DUES & EXPENS 21205 -25000 1631174 338446 402358 17936457 9559415 23972175 30332411 1851961 998431 894000 853530 10271490 12580726 935434 874079 54348002 54602519 251052 257887 46249461 46161235 46500513 46419122 X 0 0 0 0 7847489 8183397 7847489 8183397 54348002 54602519 434799 -98891 0 X 0 1 X 1 0 215757 215757 1327576 703879 623697 308628 294552 14076 853530 NEGOTIABLE CD'S 5295911 F NON-NEGOTIABLE CD'S 7284815 C 12580726 MEMBERS' SHARE ACCOUNTS 46161235 46161235 X 2065973 0 2065973 0 2065973 1631174 0 1631174 0 1631174 PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNTION THRESHOLD AND MEASUREMENT ATTRIBUTES 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, DISCLOURE AND TRANSITION ACCOUNTING. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. FORM 990, PART VI, SECTION A, LINE 6 ACCOUNT HOLDERS ARE MEMBERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT MEMBERS OF THE BOARD OF DIRECTORS FOR THREE YEAR TERMS FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS MUST BE APPROVED BY THE MEMBERSHIP AFTER THE APPROVAL BY THE BOARD OF DIRECTORS AND THE STATE DIVISION OF CREDIT UNIONS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING FORM 990 A COPY IS REVIEWED BY THE THE CEO AFTER WHICH THE BOARD OF DIRECTORS REVIEWS THE REPORT. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A CODE OF CONDUCT AFFIRMATION FORM THAT IS FILLED IN ANNUALLY BY EACH MEMBER AND OFFICER OF THE BOARD OF DIRECTORS. STAFF IS ALSO REQUIRED TO FILL IN A FORM. ALL FORMS ARE KEPT ON FILE IN THE MAIN OFFICE OF THE CREDIT UNION. COMPLIANCE WITH OUR CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY BY THE ACCOUNTING FIRM GBQ PARTNERS, AMERICAN SHARE INSURANCE AND THE OHIO DIVISION OF FINANCIAL INSTITUTIONS. FORM 990, PART VI, SECTION B, LINE 15 CEO AND KEY EMPLOYEE COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE. PERIODICALLY, THE CREDIT UNION WILL OBTAIN AN INDEPENDENT INDUSTRY SALARY SURVEY TO AID IN THE EVALUATION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S CURRENT FINANCIAL STATEMENTS ARE ON DISPLAY IN THE OFFICE LOBBY. ANY ADDITIONAL DOCUMENTS MAY BE VIEWED AT OUR MAIN OFFICE BY APPOINTMENT. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.