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.”

“Statement processing 53,511 0 0 sharedraft exp 48,296 0 0 shared branching 46,761 0 0 security 46,721 0 0 bank service charge 45,112 0 0 telephone 21,574 0 0 statements, forms, notice 21,533 0 0 association dues 18,405 0 0 janitorial 16,094 0 0 parking lot expense 13,227 0 0 asi assesment expense 9,068 0 0 supervisory exam fee 8,973 0 0 overdraft advance 8,531 0 0 miscellaneous 8,458 0 0 cash over/short 3,508 0 0 shredding 3,407 0 0 fed taxes expense 2,628 0 0 subscriptions 2,187 0 0 storage 1,313 0 0 misc operating expense 59 0 0 total 379,366 0 0”

“Increase in member's account balances 1,845,880”