2024-08-01T14:33:04-04:00 2023-12-31 205124788 CBS CPAS LLC 34305 Solon Rd Ste 10 Solon OH 44139 990 2023-01-01 340728231 COMMUNITY STAR CREDIT UNION COMM 832 CLEVELAND STREET ELYRIA OH 44035 DAVID JEZEWSKI CEO 4403657342 2024-07-08 true true Ronald Schmidt P00531795 4405421536 2024-08-01 2023 2024-08-08 14:25:15Z 5385631 false X WWW.COMMSTAR.ORG X CU 1938 OH TO PROVIDE LENDING,SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. 5 5 34 0 0 0 4120207 4915276 213154 470355 0 4333361 5385631 0 268495 875073 1786469 1773465 0 0 1859005 2277614 3913969 4926152 419392 459479 93835301 95631600 85788909 87532986 8046392 8098614 TO PROVIDE LENDING,SAVINGS, AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE AND WITH A SERVICE-BASED EMPHASIS THAT RECOGNIZES THE MEMBERS STATUS AS OWNERS. false false 1773465 DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. 875073 DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 16,510 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 8,160 MEMBERS 527225 DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNT ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS AND IN-PERSON AT CREDIT UNION OFFICE. 3175763 false false false false false false false false true true false false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 7405 0 true 34 true false false false false false false false false X 5 5 false false false false true true true true true false false true true true true true true true true false OH X X JOHN RADOLEC 4405452035 832 CLEVELAND STREET ELYRIA OH 44035 DAVID JEZEWSKI CEO 40.00 0.00 X 139922 0 0 JOHN RADOLEC CFO 40.00 0.00 X 89225 0 0 HEIDI MATIAS COO 40.00 0.00 X 80899 0 0 RICHARD NOCK CLO 40.00 0.00 X 77470 0 0 JOSHUA MACK DIRECTOR 1.00 0.00 X 0 0 0 REBECCA HETRICK DIRECTOR 1.00 0.00 X 0 0 0 TIM KIEDROWSKI DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM MARKLE DIRECTOR 1.00 0.00 X 0 0 0 R PATRICK SUTTER DIRECTOR 1.00 0.00 X 0 0 0 ELIJAH WREH VICE CHAIR 1.00 0.00 X 0 0 0 387516 0 0 1 false false false LOAN INTEREST 522291 3210871 3210871 FEE INCOME 522100 893588 893588 OTHER OPERATING INCOME 524298 802194 802194 OTHER NON OPERATING INC 524298 8623 8623 4915276 470355 470355 5385631 5385631 0 0 X 875073 464592 1308873 18000 457614 253132 527225 238437 20114 PROVISION FOR LOAN LOSS 203106 203106 LOAN SERVICING 272256 272256 EDUCATION AND PROMOTION 110480 110480 OPERATING FEES 177250 177250 4926152 0 0 0 1390052 1279684 918323 3976145 596512 536214 60632314 60932282 5785508 3469987 2215374 2315521 25462401 23804194 501302 501302 2119023 2286258 93835301 95631600 554967 916612 85233942 86616374 85788909 87532986 X 8046392 8098614 8046392 8098614 93835301 95631600 X 459479 -407257 X false true X true false 256815 256815 3047438 1576050 1471388 181132 181132 2300123 1712805 587318 2315521 DEPOSITS IN COMMERCIAL BANKS S&LS 13938000 C OTHER INVESTMENTS 9866194 C 23804194 MEMBERSHIP CAPITAL 501302 C 501302 SHARES AND DEPOSITS 83616374 NOTES PAYABLE 3000000 86616374 5385630 5385630 5385630 4926152 4926152 4926152 HEIDI MATIAS COO LOAN X 47000 29555 false true true HEIDI MATIAS COO HELOC X 75000 36877 false true true ROBERT SUTTER DIRECTOR LOAN X 153600 111466 false true true ROBERT SUTTER DIRECTOR LOAN X 19200 3580 false true true RICK NOCK CLO HELOC X 34676 32808 false true true DAVE JEZEWSKI CEO LOAN X 42270 26262 false true true DAVID JEZEWSKI CEO PERSONAL X 25000 14917 false true true JOSHUA MACK DIRECTOR PERSONAL X 24497 10900 false true true HEIDI MATIAS COO LOAN X 26727 11360 false true true RICK NOCK CLO PERSONAL X 25000 14555 false true true ELIJAH WREH VICE CHAIR PERSONAL X 258000 243934 false true true 536214 Members or stockholder classes and rights Part VI line 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 8,160 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF MEMBER-OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS Member election for additional members Part VI line 7a 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 MAJORITY VOTE AFTER IT IS DETERMINED A QUORUM IS PRESENT. Governing body decisions Part VI line 7b CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) ARE ALLOWED AFTER APPROVAL OF THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. Form 990 governing body review Part VI line 11 THE FORM 990 WILL BE REVIEWED BY THE GOVERNING BODY AT A MEETING WITH THE CEO AND/OR CFO BEFORE IT IS FILED. Conflict of interest policy compliance Part VI line 12c THE ORGANIZATIONS OFFICERS AND DIRECTORS ARE REQUIRED ANNUALLY TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM TO BE KEPT ON FILE. BOARD OF DIRECTORS MUST ALSO DISCLOSE BEFORE EACH MEETING IF A CONFLICT IS IN THE MEETING AGENDA. CEO executive director top management comp Part VI line 15a THE ENTIRE BOARD OF DIRECTORS AGREE ON THE FINAL PERFORMANCE EVALUATION AND COMPENSATION. THE BOARD CHAIRMAN CONDUCTS THE REVIEW WITH THE CEO. Other officer or key employee compensation Part VI line 15b THE CEO CONDUCTS ANNUAL PERFORMANCE REVIEWS AND MAKES COMPENSATION ADJUSTMENTS WHEN APPROPRIATE. Governing documents etc available to public Part VI line 19 CONFLICT OF INTEREST POLICY STATEMENTS ARE MAINTAINED AND AVAILABLE ON REQUEST THROUGH THE CREDIT UNION CEO. FINANCIAL STATEMENTS ARE POSTED AND UPDATED EACH MONTH ON THE WEBSITE FOR MEMBERS TO SEE. THEY ARE ALSO AVAILABLE BY REQUEST THROUGH THE CEO. THE BY-LAWS ARE AVAILABLE FOR REVIEW BY REQUEST THROUGH THE CEO. Explanation of other changes in net assets or fund balances Part XI line 9 CECL Transfer - Allowance for Loan Loss $407,258 List of other fees for services expenses Part IX line 11g OTHER EXPESES $449,144