2025-11-12T13:09:28-05:00 2024-12-31 460765923 WILGING ROUSH & PARSONS CPAS 1221D S TRIMBLE RD MANSFIELD OH 44907 990 2024-01-01 340893994 983 ADVANTAGE CREDIT UNION INC 983A 4195295603 700 N STUMBO ROAD MANSFIELD OH 44906 CAMILLE GRAYSON CEO 4195295603 2025-11-12 true false RANDALL S ROUSH P00213866 4195222727 2025-11-12 2024 2025-03-06 01:10:19Z CAMILLE GRAYSON 700 STUMBO ROAD MANSFIELD OH 44906 2333664 false X WWW.ADVANTAGE4.ORG X CREDIT UNION 1961 OH THE MISSION OF ADVANTAGE CREDIT UNION IS TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES IN A COST EFFICIENT, COURTEOUS, AND PROFESSIONAL MANNER THAT RECOGNIZES THE MEMBERS STATUS AS "OWNERS". 6 6 14 40556 0 1935455 1920355 374512 413309 0 2309967 2333664 0 176510 230928 731041 818837 0 0 1262365 1236320 2169916 2286085 140051 47579 43780230 41325120 41602391 38869248 2177839 2455872 THE MISSION OF ADVANTAGE CREDIT UNION IS TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES IN A COST EFFICIENT, COURTEOUS, AND PROFESSIONAL MANNER THAT RECOGNIZES THE MEMBERS STATUS AS "OWNERS". false false DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE. DIRECT LABOR AND EMPLOYE EBENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 6,900 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 5,300 MEMBERS. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 13 0 true 14 true true true false false false false false false false X 6 6 false false false false true true true true true false false false true true true true true true true false OH X X CAMILLE GRAYSON 4195295603 700 STUMBO ROAD ONTARIO OH 44906 CAMILLE GRAYSON CEO 40.00 X 84847 0 6725 AMY LEINARD COO 40.00 X 73177 0 5124 ROBERT GROVE DIRECTOR 1.00 X X 1400 0 0 CARL MOUNTS DIRECTOR 1.00 X 1400 0 0 GARY UTT CHAIRMAN 1.00 X X 1400 0 0 GAYLEE WETZELL SECRETARY 1.00 X X 1400 0 0 GINGER ANTRICAN DIRECTOR 1.00 X 1250 0 0 STEVEN ACKERMAN DIRECTOR 1.00 X 1200 0 0 RUSH STUMBO VICE CHAIRMA 1.00 X X 950 0 0 167024 11849 false false false LOAN INTEREST 1459601 1459601 FEE INCOME 420198 420198 NON MEMBER ATM FEES 522100 40556 40556 1920355 413309 413309 2333664 2293108 40556 230928 230928 178873 178873 489014 489014 24412 24412 72604 72604 53934 53934 79470 79470 1933 1933 20000 20000 63762 63762 201712 201712 330151 330151 79674 79674 3679 3679 57425 57425 20503 20503 PROVISION FOR LOAN LOSS 204076 204076 DEALER PARTICIPATION 170146 170146 MORTGAGES EXPENSE 2600 2600 BOARD STIPEND 639 639 550 550 2286085 2286085 0 0 1071154 928400 2080990 3516327 25521430 23265750 447755 297208 2241844 1423009 776898 818835 13083629 11671139 798374 827461 43780230 41325120 97917 69747 22619 19048 41481855 38780453 41602391 38869248 X 2177839 2455872 2177839 2455872 43780230 41325120 47579 230454 X false false false 143661 143661 1021674 672673 349001 734009 492299 241710 342500 258037 84463 818835 MEMBER SAVINGS AND CD ACCOUNTS 38761000 LEASE - RIGHT OF USE LIABILITY 19453 38780453 FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 5300 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. FORM 990, PAGE 6, 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 SINGLE PLURALITY VOTE. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER- OWNERS VOTE TO APPROVE. FORM 990, PAGE 6, PART VI, LINE 11B 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 THE OVERSIGHT OF APPROPRIATE CHANGES. UPON COMPLETION OF THE CEO'S REVIEW, THE FORMS ARE REVIEWED AND VOTED ON AT A BOARD MEETING PRIOR TO SUBMITTAL TO THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY RELATIONSHIPS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. THESE ARE SUMMARIZED AND MAINTAINED IN A DOCUMENT PRESENT AT EACH BOARD MEETING. CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST WAS INTENTIONALLY HIDDEN BY A BOARD MEMBER, THEN THE SITUATION WOULD BE INVESTIGATED BY THE INTERNAL AUDITOR AND THE BOARD MEMBER COULD BE SUSPENDED AND SUBJECT TO DISMISSAL AT A SPECIAL MEETING OF ALL THE MEMBER-OWNERS. ADDITIONALLY, THE REMAINING BOARD MEMBERS AND OFFICERS WILL REVIEW, FOR FAIRNESS, ALL PAST TRANSACTIONS INVOLVING THE CONFLICT OF INTEREST. IF A TRANSACTION APPEARS TO LACK ARMS-LENGTH, EITHER TO THE DETRIMENT OF THE CREDIT UNION OR TO THE UNFAIR ADVANTAGE OF THE BOARD MEMBER, THEN ALL LEGAL REMEDIES WILL BE CONSIDERED. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS ANNUALY REVIEWS THE COMPENSATION OF THE CEO AND TOP MANAGEMENT WITH RESPECT TO THEIR INDIVIDUAL EMPLOYMENT CONTRACTS, THE FINANCIAL CONDITION OF THE CREDIT UNION, AND COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CREDIT UNIONS. THESE DISCUSSIONS ARE DOCUMENTED WITHIN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS ANNUALY REVIEWS THE COMPENSATION OF THE COO AND OTHER KEY EMPLOYEES WITH RESPECT TO THEIR INDIVIDUAL EMPLOYMENT CONTRACTS, THE FINANCIAL CONDITION OF THE CREDIT UNION, AND COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CREDIT UNIONS. THESE DISCUSSIONS ARE DOCUMENTD WITHIN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION MAKES COPIES OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE MEMBERSHIP UPON REQUEST. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION FOR ITS MEMBERS INSPECTION.