2025-09-23T09:36:15-05:00 2024-12-31 202122306 GBQ PARTNERS LLC 4030 SMITH ROAD SUITE 400 CINCINNATI OH 45209 990 2024-01-01 311225765 1368 CODE CREDIT UNION 1368 9372228971 355 W MONUMENT DAYTON OH 45402 SCOTT RUTHERFORD PRESIDENT/CEO/TREASURER 9372228971 2025-09-22 1 1 KATHY M MOSELEY P00116760 5138713033 2025-09-22 2024 2025-03-06 01:10:19Z SCOTT RUTHERFORD 355 W MONUMENT DAYTON OH 45402 9752309 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 7800 0 0 0 7711558 8635161 1202250 1117148 0 0 8913808 9752309 0 0 0 0 2287038 2465620 0 0 0 5120616 6417512 7407654 8883132 1506154 869177 160715683 163375004 143007326 144488554 17708357 18886450 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 3166 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 S RUTHERFORD PRESIDENT/CEO/TREASURER 40.00 X X 267989 0 69185 A DOYLE BURKE BOARD CHAIRMAN 1.00 X X 0 0 0 DAVID SEAGRAVES BOARD VICE CHAIR 0.25 X 0 0 0 MICHAEL DE BORDE BOARD SECRETARY 0.25 X X 0 0 0 J CHRIS KRUG DIRECTOR 0.25 X 0 0 0 STEPHEN FINKE DIRECTOR 0.25 X 0 0 0 ERIC HENDERSON DIRECTOR 0.25 X 0 0 0 CRAIG M BALLANTINE SVP OPERATIONS/IT 40.00 X 158884 0 50731 MADISON Y MESSINGER SVP FINANCE/ADMINISTRATION 40.00 X 144424 0 36858 571297 0 156774 3 0 1 0 0 INTEREST ON LOANS 522100 5998660 5998660 FEE INCOME 522100 2636501 2628701 7800 8635161 1117148 1117148 9752309 8627361 7800 1117148 728071 1275393 89220 243319 129617 16820 42000 142401 300897 846419 646031 223966 7572 115329 2174962 139403 42693 BANK CHARGES AND PROCES 943322 PROVISION FOR LOAN LOSS 454075 LOAN SERVICING 321622 8883132 1022462 929975 10879242 6961978 94814754 103599901 701420 780153 7536243 2819952 4873207 4716291 24965915 24478632 15083387 13353020 1042495 1042495 7332801 7512559 160715683 163375004 1277378 1308811 2000000 0 139729948 143179743 143007326 144488554 X 0 0 0 0 17708357 18886450 17708357 18886450 160715683 163375004 869177 308916 0 X X 0 1 X 1 0 0 0 499081 499081 3968299 1283980 2684319 1712049 667208 1044841 1356814 868764 488050 4716291 2584020 C CERTIFICATES OF DEPOSIT 10769000 C 13353020 MEMBERS' SHARES & DEPOSITS 143179743 143179743 X 9752309 0 9752309 0 9752309 8883132 0 8883132 0 8883132 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 S RUTHERFORD PRESIDENT/CEO/TREASURER 215309 0 49146 0 3534 0 26354 0 42831 0 337174 0 0 0 CRAIG M BALLANTINE SVP OPERATIONS/IT 127319 0 14276 0 17289 0 14160 0 36571 0 209615 0 0 0 MADISON Y MESSINGER SVP FINANCE/ADMINISTRATION 121561 0 12960 0 9903 0 13452 0 23406 0 181282 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 ARE PRESENTED THE RETURN FOR REVIEW AND APPROVAL AT A REGULARLY SCHEDULED BOARD MEETING FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND COMPLETED BY EACH STAKEHOLDER ANNUALLY AND THE ORGANIZATION HAS A PROCESS IN PLACE MONTHLY AT EACH MEETING ALLOWING MEMBERS TO DISCLOSE AND DISCUSS ANY POSSIBLE CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE APPOINTED BY THE BOARD CHAIR REVIEWS SALARY DATA WITHIN THE INDUSTRY FOR THE CEO AND RECOMMENDS SALARY ADJUSTMENTS, ETC AT THE NOVEMBER BOARD MEETING ANNUALLY . DATA IS GATHERED FROM VARIOUS INDUSTRY RELATED PROVIDERS OF COMPENSATION DATA AND THE CEO MAKES DECISIONS ON SALARY ADJUSTMENTS, ETC BASED ON THIS DATA. 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.