2024-11-04T08:09:54-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2023-01-01 311225765 1368 CODE CREDIT UNION 1368 9372228971 355 W MONUMENT DAYTON OH 45402 SCOTT RUTHERFORD PRESIDENT/CEO/TREASURER 9372228971 2024-11-02 1 1 KATHY M MOSELEY P00116760 5138713033 2024-11-02 2023 2024-10-15 13:58:12Z SCOTT RUTHERFORD 355 W MONUMENT DAYTON OH 45402 8913808 0 X WWW.CODECU.ORG X CREDIT UNION 1940 OH TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 7 6 40 8 10400 0 0 0 6727812 7711558 733524 1202250 0 0 7461336 8913808 0 0 0 0 2301750 2287038 0 0 0 4118155 5120616 6419905 7407654 1041431 1506154 163817752 160715683 147507779 143007326 16309973 17708357 TO PASSIONATELY DELIVER A COMPREHENSIVE RANGE OF EXCEPTIONAL SERVICES TO OUR MEMBERS. 0 0 PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3200 0 1 40 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SCOTT RUTHERFORD 9372228971 355 W MONUMENT DAYTON OH 45402 DAVID SCOTT RUTHERFORD PRESIDENT/CEO/TREASURER 40.00 X X 246651 0 64786 A DOYLE BURKE BOARD CHAIRMAN 1.00 X X 0 0 0 J CHRIS KRUG DIRECTOR 0.25 X 0 0 0 WILLIAM GILLISPIE DIRECTOR 0.25 X 0 0 0 DAVID SEAGRAVES BOARD VICE CHAIR 0.25 X 0 0 0 MICHAEL DEBORDE BOARD SECRETARY 0.50 X X 0 0 0 STEPHEN FINKE DIRECTOR 0.25 X 0 0 0 CRAIG BALLANTINE VICE PRESIDENT 40.00 X 123374 0 46557 MADISON Y MESSINGER VICE PRESIDENT 40.00 X 115507 0 33837 485532 0 145180 3 0 1 0 0 INTEREST ON LOANS 522100 4968123 4968123 FEE INCOME 522100 2743435 2733035 10400 7711558 1202250 1202250 8913808 7701158 10400 1202250 630712 1286633 83831 160671 125191 14200 42013 148782 282682 745609 897495 242676 5225 124480 1398139 141720 41381 BANK CHARGES AND PROCES 542972 LOAN SERVICING 312436 PROVISION FOR LOAN LOSS 180806 7407654 968866 1022462 10315917 10879242 91565499 94814754 838036 701420 7405144 2531937 5008361 4873207 27661474 24965915 16546134 15083387 1042495 1042495 9870970 7332801 163817752 160715683 1438302 1277378 2000000 2000000 144069477 139729948 147507779 143007326 X 0 0 0 0 16309973 17708357 16309973 17708357 163817752 160715683 X 1506154 -107770 X X 0 1 X 1 0 0 0 499081 499081 3968299 1227393 2740906 1712049 583966 1128083 1225715 720578 505137 4873207 2329387 C CERTIFICATES OF DEPOSIT 12754000 C 15083387 MEMBERS' SHARES & DEPOSITS 139729948 139729948 X 8913808 0 8913808 0 8913808 7407654 0 7407654 0 7407654 PART X, LINE 2: AS A CREDIT UNION, THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL TAXES UNDER THE PROVISIONS OF 501C(14) OF THE INTERNAL REVENUE CODE. THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE STANDARD ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION ACCOUNTING. THE CREDIT UNION'S INCOME TAX RETURNS PRIOR TO 2019 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. 1 X X X 0 1 0 DAVID SCOTT RUTHERFORD PRESIDENT/CEO/TREASURER 187945 0 55931 0 2775 0 25630 0 39156 0 311437 0 0 0 CRAIG BALLANTINE VICE PRESIDENT 109778 0 13596 0 0 0 13485 0 33072 0 169931 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES A 457(F) PLAN FOR THE PRESIDENT/CEO, DAVID SCOTT RUTHERFORD. THE PLAN PROVIDES AN ANNUAL CREDIT UNION CONTRIBUTION OF $40,000. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS, WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY A MEMBERSHIP BALLOT VOTE COUNTED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE RESULTS ARE ANNOUNCED AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE CHARTER CHANGES AND MERGERS. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS CAN VIEW ON THE SECURE SITE PRIOR TO THE BOARD MEETING WHERE APPROVAL IS THEN GIVEN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE GIVEN THE OPPORTUNITY AT THE START OF EACH MONTHLY BOARD MEETING TO DISCLOSE CONFLICTS OF INTEREST THAT HAVE ARISEN. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR A COMPENSATION COMMITTEE IS APPOINTED BY THE CHARIMAN TO REVIEW THE CEO'S MARKET PAY AND POSITION WITHIN THE MARKETPLACE. THE COMPENSATION COMMITTEE THEN MEETS WITH THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND APPROVAL. AN ANNUAL COMPENSATION SURVEY IS USED TO ENSURE EMPLOYEES ARE PAID FAIR MARKET VALUE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION'S LOBBY. ALL OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS -107,770. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.