Ohio'S First Class Credit Union Fka Cleveland Postal Employees Cu

“The credit union is comprised of a single class of member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors.”

“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 elected by a simple plurality vote.”

“Prior to being filed with the irs, a copy of the irs form 990 and related schedules are reviewed by the ceo, including a confirmation of the accuracy of every answer and oversight of appropriate changes. Upon completion of the ceo's review, the forms are reviewed at a board meeting post submittal to the irs.”

“The credit union has developed a code of ethics, which addresses it's conflict of interest policy. Annually, each employee is required to sign the document acknowledging that he/she has read and understands the code of ethics and to report any activity that would give rise to conflicts.”

“Financial statements are available upon request.”

“Home financial service 43,250 0 0 bank service charge 42,597 0 0 security 42,405 0 0 shared branching 41,629 0 0 telephone 31,674 0 0 atm/ach write offs 23,043 0 0 overdraft advance 21,155 0 0 association dues 18,276 0 0 janitorial 12,558 0 0 supervisory exam fee 9,089 0 0 miscellaneous 8,426 0 0 statements, forms, notice 7,636 0 0 sharedraft exp 5,406 0 0 fed taxes expense 3,976 0 0 subscriptions 3,436 0 0 shredding 2,344 0 0 storage 1,049 0 0 mileage/parking 635 0 0 cash over/short -30 0 0”

“Increase in members' account balances 44,538”