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 59,228 0 0 statement processing 57,612 0 0 bank service charge 51,788 0 0 shared branching 43,691 0 0 security 40,638 0 0 parking lot expense 23,461 0 0 telephone 22,895 0 0 statements, forms, notice 19,729 0 0 association dues 19,482 0 0 janitorial 17,156 0 0 misc operating expense 12,096 0 0 supervisory exam fee 10,886 0 0 overdraft advance 8,335 0 0 fed taxes expense 2,507 0 0 storage 1,704 0 0 subscriptions 1,461 0 0 cash over/short 1,435 0 0 total 394,104 0 0”

“Decrease in member's account balances -232,862”