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 54,863 0 0 shared branching 43,395 0 0 security 40,598 0 0 bank service charge 38,139 0 0 telephone 30,867 0 0 atm/ach write offs 28,901 0 0 overdraft advance 20,503 0 0 association dues 18,769 0 0 statements, forms, notice 16,489 0 0 janitorial 12,729 0 0 miscellaneous 9,703 0 0 supervisory exam fee 5,714 0 0 sharedraft exp 5,018 0 0 subscriptions 3,185 0 0 shredding 2,328 0 0 storage 1,024 0 0 cash over/short 530 0 0 mileage/parking 403 0 0 fed taxes expense 305 0 0”

“Decrease in members' account balances 206,894”