2025-09-08T14:23:27-05:00 2024-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2024-01-01 310387145 UNIVERSAL 1 CREDIT UNION UNIV 9372256800 1 RIVER PARK DR DAYTON OH 454092104 KATHRYN M LEWIS TREASURERCFO TREASURER/CFO 9372256800 2025-09-08 1 1 KATHLEEN M MOSELEY P00116760 5138713033 2025-08-29 2024 2025-03-06 01:10:19Z JESSICA O JONES 1 RIVER PARK DR DAYTON OH 454092104 26406938 0 X WWW.U1CU.ORG X 1937 OH STATE-CHARTERED CREDIT UNION ORGANIZED TO PROVIDE MEMBERS WITH FINANCIAL SERVICES AND PRODUCTS. 7 6 120 6 147018 0 0 0 21363880 20226060 4990463 6180878 0 0 26354343 26406938 0 0 0 0 6081076 7081245 0 0 0 17494850 18867263 23575926 25948508 2778417 458430 417035587 417734447 377657026 375621879 39378561 42112568 X TO ADVANCE THE CREDIT UNION IDEAL OF A MEMBER OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE: TO PROVIDE AND PROMOTE THE USE OF NUMEROUS INNOVATIVE AND HIGH QUALITY FINANCIAL SERVICES FEATURING COMPETITIVE BENEFITS AND ADVANTAGES TO HELP MEMBERS GAIN PERSONAL FINANCIAL SUCCESS; AND TO EXTEND SERVICES EMPHASIZNG FINANCIAL EDUCATION THROUGHOUT THE MEMBERSHIP AND COMMUNITY. 0 0 LENDING TO CREDIT UNION MEMBERS: WE PROVIDED 7,155 CREDIT CARD AND LINE OF CREDIT LOANS; 5,972 VEHICLE LOANS; 1,299 MORTGAGE LOANS; AND 434 OTHER LOANS TO MEMBERS IN 2024. PROVIDING FINANCIAL SERVICES TO CREDIT UNION MEMBERS: WE PROVIDED 31,386 CHECKING ACCOUNTS; 33,030 SAVINGS ACCOUNTS; 1,042 MONEY MARKET ACCOUNTS; 1,196 RETIREMENT ACCOUNTS; 2,805 CERTIFICATES OF DEPOSIT; AND 3,258 OTHER ACCOUNTS TO MEMBERS IN 2024. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 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 0 0 1 6851 0 1 120 1 1 1 0 0 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 KATHRYN M LEWIS 9372256800 1 RIVER PARK DRIVE DAYTON OH 45409 X JESSICA O JONES PRESIDENT/CEO 36.00 X X 421597 0 24817 JEFFREY W GAMMELL CHAIRMAN 1.00 X X 0 0 0 MICHAEL P THONNERIEUX SECRETARY 1.00 X X 0 0 0 ROSEMARY D DOMANSKY DIRECTOR 1.00 X X 0 0 0 NANCY J STAPP DIRECTOR 1.00 X X 0 0 0 JASON A KERSHNER DIRECTOR 1.00 X X 0 0 0 MAKELL BACCUS DIRECTOR 1.00 X X 0 0 0 KATHRYN M LEWIS TREASURER/CFO 36.00 X 180975 0 39304 LISA N SCHAEFER CHIEF OPERATIONS OFFICER 36.00 X 218466 0 44657 MICHAEL L HARDWICK CHIEF INFORMATION OFFICER 36.00 X 186288 0 12548 KAREN SHROYER CHIEF ADMINSTRATION OFFICER 36.00 X 160418 0 10865 MITCH VOCKE CHIEF LENDING OFFICER (START 07/24) 36.00 X 61323 0 831 MOLLY L FENNELL VP OPERATIONS 36.00 X 109085 0 35727 DANIEL L GOUGE VP DIGITAL STRATEGY 36.00 X 112563 0 41250 RODERICK L PINKNEY VP RISK MANAGEMENT 36.00 X 109679 0 33942 SAM MCLAIN VP MARKETING 36.00 X 77720 0 32320 LAWRENCE J FERNANDEZ VP LENDING (THRU 1/31/24) 36.00 X 22370 0 2744 AMBER BEARD VP HUMAN RESOURCES (THRU 5/24/24) 36.00 X 61401 0 11855 1721885 0 290860 8 0 1 0 0 LOAN INTEREST & FEE INCOME 522100 17841508 17815571 25937 OTHER INCOME 522190 2277620 2228713 48907 INSURANCE INCOME 524298 106932 34758 72174 20226060 6180878 6180878 26406938 20079042 147018 6180878 2012745 3862236 178033 627522 400709 176438 189268 214453 138993 356682 877169 3137169 987378 28366 56839 16 87819 402801 94933 PROVISIONS FOR LOAN LOS 6224085 MEMBER DIVIDEND PAID 4962699 LOAN EXPENSE 878063 MISCELLANEOUS 54092 25948508 2422846 3741284 53853819 58256806 361988 254220 244260402 211935959 2667430 3599684 24050342 17348555 6940796 6701787 94313782 122908623 12214524 10336084 417035587 417734447 2471507 3290443 415384 405989 374770135 371925447 377657026 375621879 X 0 0 0 0 39378561 42112568 39378561 42112568 417035587 417734447 458430 2275577 0 X 0 0 0 0 1 X 2720373 2720373 11538099 7855547 3682552 306530 306530 0 9485340 9186478 298862 6701787 OTHER SECURITIES 122908623 F 122908623 MEMBER SHARES AND CERTIFICATES 371925447 371925447 PART IV, LINE 2B: THE CREDIT UNION COLLECTS A MONTHLY AMOUNT ALONG WITH PRINCIPAL AND INTEREST FOR FIRST MORTGAGE LOANS TO PAY THE MEMBER'S REAL ESTATE TAXES AND INSURANCE. PART X, LINE 2: INCOME TAXES FOOTNOTE FROM THE SEPTEMBER 30, 2024 AUDITED FINANCIAL STATEMENTS: AS A STATE CHARTERED CREDIT UNION, THE CREDIT UNION IS EXEMPT FROM FEDERAL, STATE AND LOCAL TAXES UNDER THE PROVISIONS OF 501(C)(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. MANAGEMENT DETERMINED THERE WERE NO MATERIAL UNCERTAIN POSITIONS TAKEN BY THE CREDIT UNION IN ITS TAX RETURNS. X 1 1 X X 0 1 0 JESSICA O JONES PRESIDENT/CEO 350607 0 70000 0 990 0 20700 0 4117 0 446414 0 0 0 LISA N SCHAEFER CHIEF OPERATIONS OFFICER 187370 0 30650 0 446 0 13541 0 31116 0 263123 0 0 0 KATHRYN M LEWIS TREASURER/CFO 149643 0 30650 0 682 0 11164 0 28140 0 220279 0 0 0 MICHAEL L HARDWICK CHIEF INFORMATION OFFICER 155193 0 30650 0 445 0 11151 0 1397 0 198836 0 0 0 KAREN SHROYER CHIEF ADMINSTRATION OFFICER 139150 0 20650 0 618 0 9588 0 1277 0 171283 0 0 0 DANIEL L GOUGE VP DIGITAL STRATEGY 96081 0 15650 0 832 0 7376 0 33874 0 153813 0 0 0 PART I, LINE 1A BOARD OF DIRECTORS COMPANIONS RECEIVED A 1099-NEC IF THEIR TRAVEL EXPENSES WERE GREATER THAN $600. PART I, LINE 4B THE CREDIT UNION HAS SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION AGREEMENTS WITH CERTAIN KEY OFFICERS. THE AGREEMENTS GENERALLY PROVIDE BENEFITS IN A LUMP SUM PAYMENT AT CERTAIN DATES DEFINED IN THE INDIVIDUAL AGREEMENTS. THE DATES ESTABLISHED APPROXIMATE THE RETIREMENT DATE OF THE INDIVIDUAL OFFICER. PARTICIPANTS ARE JESSICA JONES, KATHRYN LEWIS, LISA SCHAEFER AND MICHAEL HARDWICK. DURING 2024 NO EMPLOYER CONTRIBUTIONS WERE MADE. FORM 990, PART VI, SECTION A, LINE 6 STRONG FINANCIAL COOPERATIVE EXTENDING COMPETITIVE FINANCIAL PRODUCTS AND SERVICES TO MEMBERS ALL OVER THE WORLD. INDIVIDUALS ARE ELIGIBLE TO JOIN THE CREDIT UNION IF THEY LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN ONE OF OUR MANY COMMUNITIES THAT WE SERVE; HAVE A FAMILY MEMBER WHO IS AN ESTABLISHED MEMBER OF THE CREDIT UNION; OR WORK FOR A COMPANY THAT IS AFFILIATED WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A YES - ONE VOTE PER MEMBER OF THE CREDIT UNION FORM 990, PART VI, SECTION A, LINE 7B YES - PURSUANT TO THE REGULATION OF THE NCUA AND THE OHIO DIVISION OF CREDIT UNIONS FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER/CFO REVIEWS THE FORM 990 PREPARED BY THE ACCOUNTING FIRM BASED ON THE AUDITED FINANCIAL STATEMENTS AND THE INFORMATION PROVIDED BY THE CREDIT UNION. IN ADDITION, AN ELECTRONIC COPY OF THE FORM 990 IS SUBMITTED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY FOR REVIEW OF THE RETURN PRIOR TO FILING. FORM 990, PART IV, LINE 12: THE ORGANIZATION OBTAINED SEPARATE INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING 9/30/2024 AND WILL OBTAIN SEPARATE INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING 9/30/2025. FORM 990, PART VI, SECTION B, LINE 12C INCLUDED IN THE EMPLOYEE HANDBOOK, SECTION 4, PAGES 14-15 STATE "THE EMPLOYEE MUST NEVER USE THEIR POSITION WITH THE ORGANIZATION, OR ANY OF ITS MEMBERS, OR AFFILIATES FOR PRIVATE GAIN, TO ADVANCE PERSONAL INTERESTS OR TO OBTAIN FAVORS OR BENEFITS FOR THEMSELVES, MEMBERS OF THEIR FAMILIES OR ANY OTHER INDIVIDUALS, CORPORATIONS OR BUSINESS ENTITIES. THE CREDIT UNION WILL ADHERE TO OHIO ADMINISTRATIVE CODE 1301:9-2-13 REQUIRING THE REPORTING OF ALL TRANSACTIONS, OTHER THAN REIMBURSEMENT AND EMPLOYEE WAGES BETWEEN THE CREDIT UNION AND ITS EMPLOYEES OR IMMEDIATE FAMILY THEREOF OR BUSINESS CONTROLLED THEREBY MUST BE DISCLOSED ANNUALLY TO THE SUPERINTENDENT. EMPLOYEES ARE REQUIRED TO PROVIDE THE APPLICABLE REPORTABLE INFORMATION TO HUMAN RESOURCES." FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION RECEIVES A HR PERFORMANCE SOLUTIONS CEO TOTAL COMPENSATION REPORT ON AN ANNUAL BASIS TO AID IN MAKING INFORMED DECISIONS ABOUT PAY, ENSURING ALIGNMENT WITH MARKET STANDARDS AND HELPING WITH THE PROCESS OF BENCHMARKING FOR THE CEO. FOR ALL OTHER EMPLOYEE SALARIES, THE CREDIT UNION UTILIZES COMPEASE (A COMPENSATION MANAGEMENT PLATFORM) TO GATHER AND ANALYZE COMPENSATION DATA TO AID IN MAKING INFORMED DECISIONS ABOUT PAY, ENSURING ALIGNMENT WITH MARKET STANDARDS AND HELPING WITH THE PROCESS OF BENCHMARKING. FORM 990, PART VI, SECTION C, LINE 19 THE CURRENT FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE MAIN OFFICE AND ALL DIVISION OFFICES. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.