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.”

“Sharedraft exp 57,734 0 0 statement processing 54,084 0 0 shared branching 48,628 0 0 bank service charge 46,744 0 0 security 35,948 0 0 parking lot expense 26,325 0 0 telephone 24,226 0 0 association dues 18,368 0 0 statements, forms, notice 17,969 0 0 janitorial 16,680 0 0 supervisory exam fee 9,863 0 0 misc operating expense 8,959 0 0 overdraft advance 8,719 0 0 shredding 2,718 0 0 fed taxes expense 2,498 0 0 storage 2,068 0 0 subscriptions 1,727 0 0 cash over/short 802 0 0 miscellaneous 140 0 0 total 384,200 0 0”

“Increase in member's account balances 3,199,243”