2025-04-13T13:41:06-07:00 2024-12-31 Stoodt's Accounting & Auditing Services 2713 Township Road 182 Bellefontaine OH 43311 990 2024-01-01 310622053 196 MIDDLETOWN AREA SCHOOLS CREDIT UNION 196M 5134222392 1730 Central Avenue Middletown OH 450444140 Martha Morgan President 5134657077 2025-04-14 1 1 Carol Stoodt P27252897 9379353811 2025-04-14 2024 2025-03-06 01:10:19Z Martha Morgan 5004 Victoria Drive Middletown OH 45044 661055 0 X http://www.mascu.com X Credit Union 1937 OH The mission of the member-owned Middletown Area Schools Credit Union is to provide quality financial services to its members while maintaining fiscal responsibility. 7 4 5 7 0 0 0 0 407074 468958 181667 192097 63730 0 652471 661055 0 0 0 0 157258 169045 0 0 0 345379 302046 502637 471091 149834 189964 9807841 10193948 8525672 8721815 1282169 1472133 The mission of the member-owned Middletown Area Schools Credit Union is to provide quality financial services to its members while maintaining fiscal responsibility. 0 0 The credit union services their 1,016 members by providing deposit services including share and club accounts, share draft accounts and share certificates. The members have access to home banking, debit cards, credit cards and ATMs. Loan products offered by the credit union includes new and used vehicle loans, recreational vehicle loans and share secured loans, unsecured loans and credit cards, The credit union granted 216 loans in 2024 totaling $2,559,319 at competitive rates. Loans increased 6.56% in 2024. The credit union paid dividends on the 653 share accounts and share certificate accounts held by the credit union's 1,016 members. Shares increased 2.36% in 2024. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 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 1 239 0 1 5 1 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Jamie Herron 5134222392 1730 Central Avenue Middletown OH 450444140 Cecil R Barger Director 0.5 0 X 0 0 0 Shirley Chaputa Director 0.5 0 X 0 0 0 Linda Jester Director 0.5 0 X 0 0 0 Terry Snelling Director 0.5 0 X 0 0 0 Mary A Gast Director-Secretary/Treasurer 0.75 0 X X 0 0 0 James J Stiver Director/Vice Chairperson 0.5 0 X X 0 0 0 Martha Morgan Director/Chairperson 0.5 0 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest on Loans & Credit Cards 900099 347443 347443 0 0 Misc. Member Pd Fees 900099 57765 57765 0 0 Other Operating Income 900099 34262 34262 0 0 Loan & Visa Late Fees 900099 27608 27608 0 0 Dormant Account Fees 900099 502 502 0 0 1378 1378 0 0 468958 192097 192097 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 661055 661055 0 0 0 0 0 0 0 0 138807 16709 1811 11718 0 5660 11493 0 0 0 8992 4099 14981 57059 0 18269 1561 0 2848 32175 0 12246 12615 ATM/Share Draft Charges/Fraud 65825 Loan Servicing/VisanExpenses 25477 Provision for Loan Losses 20000 Div of Cr Un Supervisory 5255 3491 471091 0 0 0 199342 261177 1473808 1535322 0 0 33706 50129 35944 42424 0 0 5021161 5352217 0 0 11364 1882 302616 218876 94258 83740 0 0 2719000 2646000 138940 138940 0 0 80318 82117 9807841 10193948 23574 20144 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8502098 8701671 8525672 8721815 X 0 0 0 0 1282169 1472133 1282169 1472133 9807841 10193948 189964 0 0 0 0 0 X 1 X 0 1 0 0 25900 25900 0 246668 194387 52281 0 0 0 0 0 30048 24489 5559 0 0 0 0 83740 0 0 Primary Financial SimpliCD 2646000 C 2646000 0 Regular Shares 7179864 Share Drafts 1154999 Certificate Shares 359371 Club Shares 7437 8701671 Mary Alice Gast Director-Sec/Treas New Vehicle X 35872 24451 0 1 1 Shirley Chaputa Director Signature X 13654 11799 0 1 1 Shirley Chaputa Director Visa Credit Card X 5000 1383 0 1 1 Terry Snelling Director Share Secured X 8500 4791 0 1 1 42424 Form 990, Part VI, Section A, Line 6 Each individual who qualifies under field of membership criteria and that has a share account is a member of the state-chartered credit union. The credit union is comprised of a single class of approximately 1,016 member-owners. Each member has equal rights in ownership, governance and voting rights at the annual meeting. Form 990, Part VI, Section A, Line 7a The board of directors is elected by the members of the credit union at the annual meeting. The board is elected for three-year terms on a rotating basis. Candidates are elected by a single plurality vote. Form 990, Part VI, Section B, Line 11b The board of directors is informed of the filing of Form 990 and the related schedules. The reports are available for review upon request. Form 990, Part VI, Section B, Line 12c The board reviews, discusses and monitors potential conflict of interest issues. Form 990, Part VI, Section B, Line 15 The board meets in executive session and votes on the manager's compensation. The compensation for employees is reviewed and voted on during a regular board meeting. Form 990, Part VI, Section C, Line 19 The credit union's governing documents, financial statements, Conflict of Interest Policy and Whistle Blower Policy can be reviewed by appointment at the credit union's office during posted business hours upon request. The credit union's financial statements are posted in the lobby. The credit union's NCUA 5300 reports are available online at https://www.ncua.gov.