2024-11-06T12:26:37-06:00 2023-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD STE 400 CINCINNATI OH 45209 990 2023-01-01 340825291 CARDINAL CREDIT UNION INC CARD 4402662200 8500 WESTPORT DRIVE MENTOR OH 44060 CHRISTINE BLAKE PRESIDENT/CEO 4402662200 2024-11-06 1 1 KATHY M MOSELEY P00116760 5138713033 2023 2024-10-15 13:58:12Z CHRISTINE BLAKE 8500 WESTPORT DRIVE MENTOR OH 44060 17280258 0 X WWW.CARDINALCU.COM X 1953 OH PROVIDE FINANCIAL SERVICES TO QUALIFIED MEMBERS 8 8 107 8 76623 0 0 0 12933409 14123924 743898 1441232 40264 40155 13717571 15605311 0 0 0 0 6372974 6529389 0 0 0 6354523 9293530 12727497 15822919 990074 -217608 288887413 292804090 256411382 260272700 32476031 32531390 PROVIDE FINANCIAL SERVICES TO QUALIFIED MEMBERS. 0 0 PROVIDE FINANCIAL SERVICES TO QUALIFIED MEMBERS. 0 0 0 0 0 0 0 1 0 1 0 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 6206 0 1 107 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X CHRISTINE BLAKE 4402662200 8500 WESTPORT DRIVE MENTOR OH 44060 KENNETH DEKEN DIRECTOR 1.00 X 0 0 0 JAMES GRAY DIRECTOR 1.00 X 0 0 0 RANDY MEARS SECRETARY 1.00 X X 0 0 0 JEFF SHIBLEY VICE-CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 ED BROWN TREASURER 1.00 X X 0 0 0 JAMES BRUMBAUGH DIRECTOR 1.00 X 0 0 0 SANDY HAMO CHAIRWOMAN OF THE BOARD 1.00 X X 0 0 0 KATHLEEN O'CONNELL-BURTON DIRECTOR 1.00 X 0 0 0 CHRISTINE BLAKE PRESIDENT/CEO 40.00 X 501817 0 50090 MARIO DUVNJAK COO 40.00 X 188296 0 13406 LANNY BERLINGIERI CFO 40.00 X 206736 0 11873 JUSTAS ADOMAVICIUS CLO 40.00 X 165710 0 10575 RENEE MULLEN DIRECTOR OF LENDING 40.00 X 105127 0 11601 DAVID REED CONTROLLER 40.00 X 103256 0 8079 SAMANTHA PAWLAK DISTRICT MANAGER 40.00 X 129640 0 7780 1400582 0 113404 7 0 1 0 0 INTEREST ON LOANS 522100 10645247 10645247 FEES AND COMMISSIONS 522100 3449379 3372756 76623 OTHER INCOME 900099 29298 29298 14123924 1940747 1940747 40155 40155 1175432 1674947 -499515 -499515 -499515 15605311 13547786 76623 1980902 1148503 4647593 35190 293792 404311 711009 12945 37067 7824 961227 934625 686978 593330 230457 30230 2504871 282059 61652 PROCESSING FEES 1530876 MISC OPERATING EXPENSES 358937 PROVISION FOR LOAN LOSS 349443 15822919 3170599 3029212 18711739 23615698 222317085 219902212 425654 569006 8307277 3381520 5980084 4925757 20398969 17898960 6500182 12151476 11383101 10711769 288887413 292804090 3497503 3646329 2007203 2535178 250906676 254091193 256411382 260272700 X 0 0 0 0 32476031 32531390 32476031 32531390 288887413 292804090 X -217608 257012 15955 X X 0 1 X 1 0 0 1 X 676980 676980 4958739 1452447 3506292 2671558 1929073 742485 4925757 MEMBER AND NON-MEMBER DEPOSITS 253981792 ACCRUED DIVIDENDS AND INTEREST 109401 254091193 X 16302826 697515 697515 15605311 0 15605311 16520434 0 16520434 -697515 -697515 15822919 PART IV, LINE 2B: MORTGAGE LOAN ESCROW FOR INSURANCE AND TAXES. PART X, LINE 2: THE CREDIT UNION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ITS FINANCIAL STATEMENTS AS REQUIRED UNDER FASB 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 2018 ARE CLOSED. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE ON RECORDING FRAUD LOSS 122,700. BOOK/TAX DIFFERENCE ON RECORDING LOSS ON SALE OF BUILDING 574,815. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE ON RECORDING FRAUD LOSS -122,700. BOOK/TAX DIFFERENCE ON RECORDING LOSS ON SALE OF BUILDING -574,815. 1 X 0 1 0 CHRISTINE BLAKE PRESIDENT/CEO 370762 0 121683 0 9372 0 49640 0 450 0 551907 0 0 0 LANNY BERLINGIERI CFO 193886 0 12850 0 0 0 7995 0 3878 0 218609 0 0 0 MARIO DUVNJAK COO 175546 0 12750 0 0 0 7977 0 5429 0 201702 0 0 0 JUSTAS ADOMAVICIUS CLO 164710 0 1000 0 0 0 6711 0 3864 0 176285 0 0 0 PART I, LINE 4B CHRISTINE BLAKE, PRESIDENT/CEO, PARTICIPATES IN A 457 (F) PROGRAM WHERE SHE RECEIVED PAYMENTS OF ACCUMULATED BENEFITS FOR CONTINUOUS EMPLOYMENT AND AS A BOARD MEMBER FOR A THIRD PARTY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS REQUIRED FOR THE CREDIT UNION THROUGH SELECT GROUP QUALIFICATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CHANGES ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORMS ARE REVIEWED BY THE CEO, THE BOARD OF DIRECTORS AND CFO OF THE FINANCIAL INSTITUTION. THE FORM IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO SIGN THE CONFLICT AGREEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE. COMPARATIVE MARKET DATA IS ALSO USED FROM A THIRD PARTY SOURCE. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTION'S FINANCIAL STATEMENTS ARE POSTED PUBLICALLY. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EFFECTIVE JANUARY 1, 2023, THE CREDIT UNION ADOPTED ASU 2016-13 FINANCIAL INSTRUMENTS - CREDIT LOSSES (TOPIC 326): MEASUREMENT OF CREDIT LOSSES ON FINANCIAL INSTRUMENTS ADOPTION WHICH RESULTED IN A ONE TIME ADJUSTMENT 15,955.