2025 Community Impact and Annual Report
Banking with purpose, building stronger communities™.
Ohio Strong
Building a Stronger Ohio One Family At a Time
Ohio Strong is born out of what we do every day: help people improve their lives financially and support the communities we serve. It’s about showing up for the people who show up every day.
It’s for the teachers shaping future leaders.
The healthcare workers caring for our neighbors.
The tradespeople, service workers, and small business teams keeping our communities running - and the families doing their very best to get ahead.
7 17’s programs are designed to help working Ohioans keep more of their paycheck, afford reliable transportation and achieve the dream of home ownership – all while breaking cycles of debt and building long-term financial security.
When families aren’t struggling paycheck to paycheck, when they’re able to set aside and build savings and strength – we’re all stronger. At 7 17, we’re committed to building stronger communities one family at a time.
When you join 7 17, you become part of something bigger than a bank. You become a member owner of a not for profit financial cooperative built to serve you.
Ohio Strong starts with membership, and grows with you.
We help people improve their lives financially and support the communities we serve.
Our Mission
We help people improve their lives financially and support the communities we serve.
Our History
7 17 Credit Union began in 1957, when 15 union members of IUE Local 717 working at the Packard Electric Division of General Motors came together to put $75 in a cigar box. They locked it in a desk drawer in the union hall, and locked away with it their hopes that a credit union could serve them in a way that other financial institutions at the time were not.
What began as a financial lifeline for those workers built a foundation for a not-for-profit movement expanding far beyond that desk drawer, room or even their imaginations. What started as $75 and a dream has now surpassed $1.98 billion, 124,000 members, over 300 employees and 12 branches – with more to come. The story behind that growth spans decades.
We’ve doubled down on telling our story: Banking with Purpose. Building Stronger Communities.
Our purpose is to strengthen and support the communities we serve through helping every individual possible improve their finances. 7 17 Credit Union’s message has struck a chord across Northeast Ohio. More and more people are looking for a financial institution that prioritizes people over profit.
Everything we do ties back to the cooperative spirit that led those union members to put $75 in a cigar box and envision a better future.
People Helping People.
Since 1957.
President & CEO and the Chairman of the Board
In 2025, we laid the groundwork for growing 7 17 Credit Union into an even more impactful organization, focused on the financial well-being of our members and communities.
Performance
We’re proud to share that membership grew by 6,359 to 124,410 members. Because of you, our members, assets grew by more than $200 million to $1.98 billion as you continued to support 7 17 Credit Union. Our net worth ratio remains strong at 12.75%.
It was another fantastic year of growth and impact. Shares grew by 14%, well above peer credit unions at 5.52%, and we achieved a strong 11% growth in loans, much greater than the 5.09% achieved by peer credit unions.
We helped over 12,000 members buy a car in 2025. We also continued to provide local working families access to affordable housing, helping 209 first-time homeowners buy their first home. In total, 7 17 closed 515 mortgages for a total of $96.5 million dollars. But it isn’t about the dollar amount. We’re proud to support homeownership right here in our communities, helping our members build strength, equity and achieve their dreams.
In February, 7 17 introduced its Affinity partner card program, starting off with the Greater Warren-Youngstown Urban League. The card has a 7.17% introductory APR for the first 90 days on balance transfers and purchases. But our members keep that 7.17% rate on those balances for life. It’s one of the best cards in the industry, designed to get our members out of debt – not further into the cycle. Each swipe gives 7.17 cents back to partner organizations. The program expanded into five partners by the end of the year, including YSU, Stark County Urban League plus the Mahoning Valley Scrappers and Akron RubberDucks. We are proud that over 1,000 of our members chose to support causes they care about through the Affinity program in 2025.
Awards
7 17 also received a myriad of accolades as you will see in the upcoming report, including being named to Forbes’ top credit unions list once again. That ranking is based on consumer surveys focused on six facets of relationship: trust, terms and conditions (including reasonable and transparent fees), branch services, digital services, customer service, and financial advice.
7 17 also received national recognition from Newsweek, making the list of “one of America’s best regional banks and credit unions 2025.”
7 17 again earned a 5-Star Rating from Bauer Financial. Bauer rates credit unions and banks on a 0 to 5 star scale based on safety and soundness. Within these honors and awards stands a premier local credit union dedicated to member success.
Banking with Purpose, Building Stronger Communities
We gave back $100,000 in our Forever Youngstown program, which gave out gift cards to downtown Youngstown businesses for every auto refinance through the program.
As part of our ongoing commitment to affordable housing in Northeast Ohio, we also administered the Great House loan Program, which helped homeowners in Warren’s 3rd and 4th wards repair the exteriors of their homes. We also administered the City of Youngstown’s Residential Property Improvement Programs, which helped homeowners and landlords throughout the city renovate, repair and improve their homes with low-interest loans.
Our Financial Wellness Night at the Ballpark was another home run, bringing in a record 9,034 people and championing financial literacy across the Mahoning Valley. It is a fun,
free night for the community and a way we can show our appreciation to our members.
In Akron, our partnerships deepened as we announced a relationship with the Akron RubberDucks and the renaming of their ballpark to 7 17 Credit Union Park. It’s a way to introduce ourselves to the community, and we plan to back up that name change by offering financial services designed to help the Rubber City thrive.
In 2025, the spirit of giving thrived at 7 17 Credit Union. Our dedicated staff generously donated more than $56,466 of their own income and volunteered countless hours to support meaningful causes throughout the region. As an organization, we contributed over $200,000 in corporate sponsorships and donations to initiatives focused on health and human services, education, and community development.
We also continued our mission to empower individuals through financial education, offering 88 engaging hands-on workshops across our local schools and workplaces, impacting hundreds of community members. We thank you for your continued support and invite you to review the enclosed materials that highlight these milestones.
Banking with purpose, building stronger communities™.
Board of Directors
At your credit union, your Board of Directors is the voice of the membership. Elected by you, your Board of Directors sets policy and oversees the direction of the credit union. Directors are charged with the responsibility of operating your credit union for the common good of us all: the members/owners. They are members just like you.
Paul Marshall Chairman 10 years of service
Jack Wilster Vice Chairman 41 years of service
Arlene Mathes Secretary/Treasurer 36 years of service
Denise Boyes Assistant Secretary/ Treasurer 4 years of service
Michael Anness Director 13 years of service
Harrison Hochman Director 1 year of service
Looking Ahead
We’re looking forward to continuing to serve our communities.
Strategic Plan Progress: Year One
In 2025, 7 17 Credit Union successfully completed the first year of its five year strategic plan, which will guide our growth and transformation through 2030. As we reflect on a year of meaningful progress, we are equally focused on the future—and on the bold goals that will help us continue delivering exceptional value to our members and communities.
Our broad goals include the following 5 pillars:
Our ultimate goal is to provide:
• Products and services that are relevant and responsive to our members’ needs
• Technology that enhances convenience, personalization, and access
• A larger, smarter geographic presence that brings 7 17 closer to more members across Northeast Ohio
We’re looking forward to continuing to serve our communities while opening branches in Akron, Streetsboro and Stow in 2026. We’re committed to building a credit union that grows with you and for you.
A big focus in 2025 was deepening member relationships. We worked behind the scenes on our digital presence, including streamlining digital and mobile banking and improving our ATMs and shared branching network, to make 7 17 more accessible than ever. Our staff has worked tirelessly to revamp our products and lay the groundwork for a more member-friendly experience.
This community impact report highlights what we’ve worked on – and how it sets the stage for the future.
Community Partnerships & Regional Engagement
In 2025, 7 17 Credit Union celebrated partnerships old and new. Our goal is to strengthen community spirit and support the communities we’re serving.
Growing in Akron: A New Partnership With the RubberDucks
This year, we proudly added the Akron RubberDucks as a major partner. We hosted several takeover games throughout the season — highlighted by Lt. Governor Jim Tressel throwing out the first pitch on July 31.
In September, we announced naming rights to the RubberDucks’ ballpark, where fans will soon see 7 17 Credit Union Park signage going up in 2026. This partnership marks an exciting step in forming strong, lasting relationships in the Akron community.
Investing in Education & the Student Experience
We continued our role as Kent State University Athletics’ Official Credit Union and Banking Partner, proudly supporting student athletes and campus communities.
In 2025, we also became the Official Credit Union of Youngstown State University Athletics. We celebrated throughout the year with game-day activations, homecoming events, and the launch of the YSU Athletics Affinity Card, unveiled right on Ice Castle turf.
Looking Ahead
We’re growing not to be bigger — but to be closer.
2025: A Year of Laying Foundations
In 2025, we focused on building today so our members can thrive tomorrow.
Across our communities, we strengthened the branches that have served generations — while also preparing for meaningful growth that ensures every member, current and future, has access to trusted financial guidance.
Growing With Purpose
This year, we put the groundwork in place for four new branches opening in 2026. Each location was chosen with intention, rooted in listening to our members and understanding where better access can make the biggest difference.
We’re growing not to be bigger — but to be closer. Keep an eye out for branches in Akron’s Wallhaven neighborhood, downtown Akron, Stow and Streetsboro in 2026.
Partnerships That Expand Possibility
We also began two important merger journeys with:
• Geauga Credit Union
• Teamsters Local 92 Federal Credit Union
These partnerships strengthen our cooperative mission and extend more products, support, and financial opportunities to more people.
Honoring the Branches That Built Us
Even as we expand, our commitment to our current branches remains steadfast. In 2025, we invested in improvements, technology, and training to ensure every member continues to receive the personal, community focused service they count on.
Growth strengthens our roots — it never replaces them.
Building Toward a Stronger 2026
The steps we took in 2025 ensure more people across our region will have access to the financial tools, guidance, and partnerships that set 7 17 Credit Union apart.
Together, we’re building the future.
Lower Fees, Greater Savings
This year, we reduced Courtesy Pay and ATM fees, eliminating a total of $1.4 million in fees for our members. These changes reflect our ongoing commitment to financial wellness and to ensuring that members keep more of their hard-earned money.
Improved Access Through New ATMs & PTMs
To further enhance convenience, we installed seven new ATMs and three new PTMs, all fully owned and operated by 7 17.
These additions strengthen our service network and provide faster, more reliable access to cash and account services across our communities.
Growth in 2025
$1.98 billion in assets share 14% growth 11% loan growth
12.75% net worth ratio
6,359
0.84% return on assets new members
124,410
Your Credit Union. Your Success.
These accomplishments aren’t ours. They’re yours. They belong to all 124,410 of you. From every child opening their first savings account to every family buying a home to a teen buying their first car and every small interaction in between – this is all because you believe in the credit union difference.
Thank you for your trust and commitment. Together we’re building a stronger community and future. members
Loans in 2025 12,262 Auto Loans worth $333 million
70 local businesses helped with Commercial Loans totaling
$21.6 million
515
Mortgages closed for averaging $187,000 per loan
$96.5 million
209 first-time Homebuyers with an average home loan of $154,712
Home Ownership
“It’s just been
Jodi Mazarek is one of those first-time homebuyers. After years of apartment living and navigating deeply personal challenges, she finally found the place she could call home. In December 2025, with the help of 7 17 Credit Union, she purchased a condo in Trumbull County. She admits it’s a milestone she never envisioned herself reaching.
“Julie Redmond was absolutely amazing, I thought I’d be so overwhelmed with everything and she just walked me through everything,” Mazarek said. “My sister had been trying for years to get me to buy a condo. I kept saying I didn’t need it or want it. But when I saw this place, it was like — this is what I want — even though I never realized it until that moment.”
Jodi also financed a vehicle through 7 17, at a time in her life where her personal and financial struggles led her to believe she’d never get approved.
“I share my story because it gives them hope.”
“I never had credit before. I never cared about that. I went through drug and alcohol addiction for 30 years,” said Mazarek, who recently celebrated nine years of sobriety. “I called 7 17 and gave her all the information and asked, ‘Are you going to call me back later to let me know if I get approved?’ and she said, ‘Oh honey, you already are.’ I had to pull over, I was crying so hard I couldn’t even drive.”
life changing.”
Mazarek speaks freely about her personal and financial struggles. It matters to her that people know life can get better. Where other institutions saw a thin credit file, 7 17 looked at Jodi as a whole person.
“I’ve had people tell me I haven’t had credit for long enough, and at that point I’m like ‘Well, what do I do?’ But Julie really worked with me and got it to where everything fell into place,” Mazarek said. “It’s just been life changing.”
Jodi’s life looks much different than a decade ago. She owns a condo, and has paid off the car she financed through 7 17. For the past four years, she has owned and operated Jodi’s Angels, a home care service for all ages. She now employs 23 women, providing not just jobs but mentorship.
“I share my story because it gives them hope. There is hope out there for people that feel lost. I never, ever thought that I could change my life,” she said. “Boy, was I wrong. Every year it just keeps getting better and better and better.”
poses for a photo outside of her new home she financed through 7 17.
Jodi Mazarek
Housing Partnerships
Residential Programs
7 17 pledged $100 million to affordable housing across Northeast Ohio. These are some of the ways we’re helping people improve and stay in their homes.
We expended $1,295,541.92 in Residential Façade Grant Match and Loan, plus Landlord Property Improvement Loans in ARPA Funds for the City of Youngstown.
We administered the Great House Improvement Loan Program for the City of Warren, handing out 15 improvement loans and using $219,610 in grant match funds for a total of $379,481 spent improving homes in Warren’s third and fourth wards.
“The goal was how can we improve the look of the ward and enrich the residents? These people have elected me to represent them and I should be doing something good for them in return,” said Warren Third Ward Councilman Greg Greathouse. “These are long-term improvements and benefits to the residents of the third and fourth wards that will hopefully reap benefits for the next 30 or 40 years.”
All the money for that program was expended in 2026.
“When I started out with this idea, I went to two or three organizations… I eventually pitched it to 7 17 and [7 17 CEO] John Demmler loved it,” Greathouse said. “What a blessing to have an organization that does this step in and administer the program for the city of Warren. It’s been a thing of beauty, I couldn’t be more enthused.”
The Sunshine Home Loan Program
In 2025, 7 17 Credit Union proudly partnered with the City of Warren and the Sunshine Homes program to help fulfill a long-standing promise of homeownership for long-term Sunshine Homes tenants. This initiative reflects our commitment to expanding financial inclusion and removing barriers that prevent individuals and families from building long-term financial security.
“We wanted to remove barriers to homeownership,” said John Demmler, CEO of 7 17 Credit Union.
For more than 30 years, Sunshine Homes has provided publicly financed housing to low-income families with the intention that residents would eventually receive a pathway to ownership. This year, we helped them make good on that promise. We
structured an accessible, affordable financing model that makes homeownership possible for 10 to 15 long-term tenants in the program’s first phase.
“We wanted to remove barriers to homeownership,” said John Demmler, CEO of 7 17 Credit Union. “These tenants have paid rent for 15 to 20 years. That’s the only credit check we need.”
Financial Education
“It’s just nice to have that community partnership.”
As part of our goal to reach 10,000 people with financial education by 2030, we held 88 Financial Wellness sessions with local schools, organizations and workplace partners.
Financial Wellness starts young. Teaching kids and teens how to manage their money is the foundation for success. When these kids start out with great financial knowledge, it makes our communities even stronger.
Porscha Bell is one of our financial educators. She leads financial wellness workshops in schools throughout Northeast Ohio and Northwest Pennsylvania.
“Porscha led an interactive finance session with 10th, 11th and 12th graders - and the feedback we received from teachers and students was awesome,” said ESC Eastern Ohio Career Counselor Gina Saxton.
“They were so engaged and interested in everything Porscha talked about! What a gift she is! We appreciate Porscha very much … as she shares her passion with the students in our many districts that we serve - and they love her!”
Porscha embodies the mission of 7 17 Credit Union: helping people improve their lives financially while strengthening
the communities we serve. Howland
Intermediate School Principal Stephen Kovach had the opportunity to sit in on a financial education session with his students. He’s watched them learn budgeting and life skills through the class – and then turn around and build a real-world relationship with 7 17.
“It’s been eye opening for them, to think ‘Oh my gosh I have to save for those things.’”
– Stephen Kovach, Howland Intermediate School Principal
“The kids can’t think always past next period let alone my washer might break or my car might break down,” Kovach said. “It’s been eye opening for them, to think ‘Oh my gosh I have to save for those things.’”
Kovach added he’s grateful for 7 17’s additional support, which includes providing academic planners for students.
“It’s just nice to have that community partnership. It’s nice to know we have a connection and we’re supported and there are organizations that are willing to help. I like having the relationship with 7 17,” Kovach said.
In 2025, 7 17 Credit Union gave a total of $15,000 in scholarships to 12 high school seniors to support the futures of young people in the Mahoning Valley. 2025’s scholarship recipients attended Kent State, the University of Akron, and Youngstown State, and were studying everything from a range of engineering majors to psychology to finance. These scholarships help kids graduate with less debt or debt-free, allowing them to turn around and invest in their communities and families.
Dollar Dog Kids Club
Our Dollar Dog Kids Club grew to 2,215 members in 2025! That’s 545 new members since the beginning of the year. With quarterly Dollar Dog meet-ups and benefits like Scrappers season tickets for the kids, we’re teaching kids k-5 how to budget and save — while having a little fun.
When children learn how money works—and feel proud of their ability to save—it shapes the way they’ll manage finances as teens and adults.
The program turns saving and budgeting into an engaging experience with games, activities, and support from Dollar Dog, the Club’s “Chief Fun Officer.” Children gain real world practice by opening savings accounts — complete with an opening deposit match — and are motivated through rewards, quarterly newsletters, and milestone prizes that celebrate consistent saving. With additional perks like free Scrappers game tickets and seasonal meet ups, the Club strengthens family financial literacy while fostering a positive, confidence building relationship with money from an early age.
When children learn how money works—and feel proud of their ability to save—it shapes the way they’ll manage finances as teens and adults. Programs like Dollar Dog help create a more confident, financially secure generation, strengthening our communities for years to come.
In the Community
“7 17 gave him a chance, and that’s what’s incredible.”
–
Christina Young, Greater Warren-Youngstown Urban League
The Greater WarrenYoungstown Urban League
was 7 17 Credit Union’s first affinity card. Every swipe gives back 7.17 cents to the League. The card alongside donations from 7 17 has supported youth financial literacy and provided stopgap funding for homeless young adults.
While the GWYUL relies heavily on grants, the funds from 7 17 and the League’s Affinity card provide immediate access to support youth success in the community.
“A lot of our grants have parameters where they support someone between the ages of 14 and 24, but say you have a 25 year old that needs help. We can help pay their rent,” said GWYUL Development and Communications Director Christina Young.
Donations from 7 17 and funds from Affinity card swipes have supported emergency rent payments, toiletries, supplies for classes and more.
Yinessa Jackson is an Urban League success story. She went from searching for stable housing to, through the League’s assistance, finding stable housing, a job and graduating with pharmacy technician training. She’s now applying to college to become a pharmacist.
7 17’s financial support helped secure Jackson’s housing, and allowed her to attend the Urban League’s annual gala — where she met a pharmacist who inspired her to go into the field.
Donations from 7 17 and funds from Urban League Affinity card swipes have supported emergency rent payments, toiletries, supplies for classes and more.
“The flexibility 7 17 gives us really gives us the opportunity to help these youth on a different level,” Young said.
“I see 7 17 deciding to do a major investment in the community in which it was birthed.
That’s commendable because a lot of times what happens is we become great in what we do and we leave town or focus on other things, but not at home. So I’m grateful for that,” said Greater Warren-Youngstown Urban League CEO Tom Conley.
The GWYUL continues to invest in financial literacy programs, where they teach youth and their probation class the importance of
building credit. Several members of the class have been approved for an Affinity card.
“This is a man who has been in and out of jail, just started his life over two years ago. 7 17 gave him a chance, and that’s what’s incredible. And he would have never known about that if it wasn’t for our financial literacy class,” Young said.
Community Involvement Highlights
In 2025, 7 17 Credit Union continued to put our community at the center of everything we do—celebrating our history, supporting financial wellness, and creating experiences that bring people together.
Financial Wellness Night at the Ballpark
As part of our 68th anniversary, we partnered with the Mahoning Valley Scrappers to host Financial Wellness Night at the Ballpark, providing free admission for the community. More than 9,000 fans attended—the largest crowd in Eastwood Field history—for an evening of camaraderie, great food, and the ballpark’s first-ever drone show.
Blues, Brews & BBQ Festival
Our commitment continued with our annual Blues, Brews & BBQ Festival at the Warren Amphitheatre, featuring renowned blues artists including Solomon Hicks and Shemekia Copeland. The event brought thousands of people downtown while supporting local food vendors and celebrating the arts.
As part of the festival, 7 17 Credit Union proudly donated $7,500 to three community organizations:
• United Way of Trumbull County
• Game Changers Inc.
• Greater Warren-Youngstown Urban League
Giving Back
Part of our mission is supporting the communities we serve. 7 17 employees volunteered their time and hard-earned dollars in 2025, right in our backyards. Here’s what they achieved:
Gave back $16,000 for Trumbull County Relay for Life
Presented $12,666 in American Heart Association donations
Pledged $27,800 to the United Way
In the past year, 7 17 Credit Union strengthened our commitment to
downtown Youngstown businesses still recovering from prolonged construction and the devastating Realty Tower explosion. To help sustain these local establishments, we launched Forever Youngstown, a program offering up to $250 in gift cards to support impacted businesses every time a member of the community brought an auto loan to 7 17.
We are proud to share the outcome of this initiative: $100,000 returned directly to local Youngstown businesses.
This program reflects our belief that a strong community is built by standing with our neighbors when they need it most.
Right — 7 17 celebrates The Downtown Open in Youngstown in 2024, and the support of the city with our Forever Youngstown program through 2025.
Left — 7 17 Credit Union celebrates the donation of $10,000 towards Kent State Student Athletes on April 5, 2025.
Left — 7 17 Eastern Market Executive Kim Foster poses with Second Harvest Food Bank Executive Director Mike Iberis for a $10,000 donation during the SNAP shutdown on November 6, 2025.
Senior Leadership in the Community
We value the work our leaders do out in the community just as much as their work inside the credit union walls. Our 22 senior leaders are on 33 boards, councils and committees. Their involvement spans education, faith, arts and culture, community-based organizations and local nonprofits. They spend time on the state level, sitting on the Ohio Credit Union Council, all the way to local rotaries and band boosters.
Senior Leadership Community Involvement
Impact That Adds Up
Through our custom Affinity credit card program, 1,038 cardholders helped us give back $1,339.65 to local organizations.
7 17 Credit Union’s Affinity Partner Credit Card Program makes it easy for members to support local organizations they care about. Each partner offers a branded Affinity Credit Card, and with every purchase, 7 17 donates 7.17¢ directly back to that organization. Over thousands of transactions, these everyday purchases create meaningful, lasting impact across our communities.
A 7.17% Annual Percentage Rate (APR) introductory rate for the first 90 days allows you to transfer balances with no fees: and keep that APR until that transferred balance is paid off, reducing cycles of credit card debt in our community.
Our Partners & Their Impact
Greater Warren-Youngstown Urban League: Funds raised through the Greater Warren-Youngstown Urban League card’s give-back function will be used to support initiatives to improve financial literacy, improve housing opportunities, and more.
Greater Stark County Urban League: Funds raised through the Greater Stark County Urban League card’s give-back function will be used to support education, economic empowerment, and community advancement throughout Stark County and beyond.
Mahoning Valley Scrappers: Funds raised through the Mahoning Valley Scrappers card’s give-back function will be used to support youth outreach, make ballpark improvements at Eastwood Field, and more.
Youngstown State University: Through this partnership, cardholders support YSU student athletes as they pursue their dreams on and off the playing field. It’s another way to stand behind our studentathletes and keep building the winning tradition we’re so proud of.
Akron RubberDucks: A portion of every purchase made with the card goes back to support the RubberDucks’ commitment to civic connection, local pride, and affordable family fun for families in Northeast Ohio.
7 17 is not just another financial institution.
We’re definitely not a bank. We are a movement in the community to bring financial wellness, stability and to build a stronger community.
Financials Management’s Responsibility for Financial Statements
The management of 7 17 Credit Union, Inc. is responsible for the preparation and integrity of the financial statements and all other financial information presented in this report. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and include, where necessary, amounts that are based upon management’s best estimates and judgments. 7 17 maintains a system of accounting and internal controls, including an internal auditing function, to provide reasonable assurance that assets are safeguarded and transactions are properly recorded. Established written policies and procedures serve as the basis for these controls. They are implemented by trained, skilled personnel with appropriate segregation of duties and are monitored through a comprehensive internal audit program. As needed, these policies and procedures are modified in response to changes in business conditions and recommendations by the independent accountants and the internal auditors. Doeren Mayhew Assurance, Certified Public Accountants, were retained as independent auditors to audit the 2025 financial statements of 7 17. The 2025 Audited Consolidated Financial Statements and Independent Auditor’s Report thereon can be found for reference on our website at www.717cu.com/annualreport. The Supervisory Audit Committee, a body consisting of volunteers from among the ranks of our membership, review the reliability of the auditing process on behalf of the interests of all 7 17 members. The Supervisory Audit Committee meets regularly with management, the internal auditors and the independent auditors to discuss internal controls and accounting, auditing and financial reporting matters.
John E. Demmler
John
E.
Demmler
President & CEO
Shelly Pawcio
Shelly
Pawcio
CPA, Senior Vice President & CFO
Report of the Supervisory Audit Committee
The responsibility of the Supervisory Audit Committee is to help assure, for the benefit of the credit union and its members/owners, the safety of deposits, the soundness of management and fairness to all members. In connection with its responsibilities, the committee met with management, the internal auditors and representatives of Doeren Mayhew Assurance, the credit union’s independent auditor, to review and discuss the adequacy of the credit union’s internal controls and its financial reporting objectivity. The committee discussed with Doeren Mayhew Assurance the auditor’s independence from the credit union and its management. These two groups also discussed matters required to be discussed by the AU-C Section 260 (The Auditor’s Communication With Those Charged With Governance) of the Auditing Standards Board of the American Institute of Certified Public Accountants. Based upon these discussions and reviews, the Supervisory Audit Committee has recommended to the Board of Directors that summary financial data be included in this annual report, and that the 2025 Audited Consolidated Financial Statements and Independent Auditor’s Report thereon be available for reference on our website at www.717cu.com/annualreport.
Don Woodard
Don Woodard Chairman, Supervisory Audit Committee
Volunteers serve on the Supervisory Audit Committee. They are members just like you. They devote countless hours to make sure that 7 17 Credit Union continues to provide you with the financial security and superior service you have come to expect.
Summary Financial Data
Certain balances in the 2024 presentation have been reclassified to conform to the 2025 presentation. There were no changes to total equity or net earnings as a result of the aforementioned. The 2025 Audited Consolidated Financial Statements and Independent Auditor’s Report thereon can be found for reference on our website at www.717cu.com/annualreport
Awards and Recognition
One of America’s Best Regional Banks and Credit Unions ...
In 2025, 7 17 Credit Union continued to earn national acclaim for our service, stability, and long standing commitment to members.
For the fourth consecutive year, 7 17 was named to the Forbes list of America’s Best Credit Unions in Each State.
In addition to the Forbes honor, 7 17 earned another major national recognition from Newsweek, making the publication’s list of “America’s Best Regional Banks and Credit Unions.”
Out of more than 9,400 financial institutions reviewed nationwide, only the top 250 credit unions and top 250 regional banks were selected.
Locations
By the end of 2026, 7 17 Credit Union will have 18 branches. The April 2026 merger with Geauga Credit Union will add two branches in Burton and Middlefield. New branches will be opened in Wallhaven, Downtown Akron, Stow, and Streetsboro.
Key:
= Money Pass ATM or Shared Branching ATM = 7 17 Branch location
Member Testimonials
“7 17 has always done an amazing job...”
“7 17 has always done an amazing job at finding the best solutions for lending. We opened a home equity line of credit and the process was easy and fairly quick.” – Tim B.
“The 717 team in Ravenna did a great job in reviewing our financial position and providing insightful recommendations with excellent customer service!” – Mike H.
“Converting my credit card debt to a personal loan was made easy. I will save bundles. Should have done it earlier.” – Tony B.
“I’ve been with 717 credit Union since I was ~ 16 years old. I’m now 53 ! …and I’ve never had a bad experience with them. Recently, I worked with a gal named Christy at one of the branches. And again, my experience has been exceptional. I highly recommend this bank for any of your financial needs.” – Marlene M.
“7 17 Credit Union gave me help without any hesitation which was [a] blessing.” – Areshia H.
“I have banked at many places in my 40+ years of being old enough to transact business at a financial institution. As well as having worked for an area bank for over 10+ years. Yet, I have never had the constant, solid, professional experience anywhere else like I have with 717 credit union. And frankly, to my detriment, it wasn’t until this last area bank merger that led me to inquire about more of the products you offer. I can tell you that besides the fact your product line far out ways your competition in customer value. Your staff is truly your greatest asset! Thank you for your loyalty to our local community and the friendly, knowledgeable, caring staff you employ.” – Debbie D.
“Kerry refinanced my 2024 Tahoe loan package and reduced my payments from $512 to $415 because of her expertise - her efforts to secure my new loan - went off w/o any hiccups. I am thinking of transferring my debit card/checking to 7 17 from Huntington this year.” – Phil G.
“I am very pleased with 7 17 Credit Union. I refinanced an auto loan with them at 5.25% less then the original loan. They took the time to discuss and explain other financial options with me. They were very informative and everything was clearly explained. I am looking forward to many years banking and building my financial portfolio with them. I highly recommend 7 17 Credit Union.”
– Randy P.
