2024-08-29T08:00:22-05:00 2023-12-31 390758449 WIPFLI LLP 235 PEACHTREE ST NE SUITE 1800 ATLANTA GA 30303 990 2023-01-01 586034116 CREDIT UNION OF GEORGIA CRED 6783222088 4178 JILES ROAD BLDG 100 KENNESAW GA 30144 BRIAN ALBRECHT PRESIDENT/CEO 6783222088 2024-08-05 1 1 J HOUSTON HOLMES P01329187 4045884200 2024-08-02 2023 2024-08-08 14:25:15Z BRIAN ALBRECHT 4178 JILES ROAD BLDG 100 KENNESAW GA 30144 62999236 0 X WWW.CUOFGA.ORG X STATE-CHARTERED CREDIT UNION 1960 GA THE CREDIT UNION IS A COOPERATIVE ORGANIZED TO PROVIDE MEMBERS THRIFT SAVINGS AND BORROWINGS. 7 7 133 9 52333 0 0 0 21265168 27809767 3942820 5210554 167503 0 25375491 33020321 0 0 0 0 8838801 9109846 0 0 0 10239787 16035915 19078588 25145761 6296903 7874560 609216760 633212391 568868183 582693399 40348577 50518992 THE CREDIT UNION IS A COOPERATIVE ORGANIZED TO PROVIDE MEMBERS THRIFT SAVINGS AND BORROWINGS. 0 0 CREDIT UNION OF GEORGIA IS A COOPERATIVE (OWNED BY ITS MEMBERS), NOT-FOR-PROFIT FINANCIAL INSTITUTION ORGANIZED TO PROVIDE THRIFT SAVINGS AND BORROWINGS TO ITS MEMBERS. THERE ARE APPROXIMATELY 36,283 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 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 13252 0 1 133 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X BRIAN HAWKINS 6783222025 3048 EAGLE DRIVE WOODSTOCK GA 30189 LYNN RAINEY DIRECTOR, SECRETARY 1.00 X X 0 0 0 DR FRANCES ROBERSON DIRECTOR 1.00 X 0 0 0 DANNY SMITH VICE CHAIRPERSON / DIRECTOR EMERITUS 1.00 X X 0 0 0 JILL MUTIMER CHAIRPERSON 1.00 X X 0 0 0 MICHAEL ANDERSON DIRECTOR, TREASURER 1.00 X X 0 0 0 DR RANDY REECE DIRECTOR 1.00 X 0 0 0 DAVID FARMER DIRECTOR 1.00 X 0 0 0 BRIAN ALBRECHT PRESIDENT/CEO 40.00 X 398535 0 39572 BRIAN HAWKINS CFO 40.00 X 197825 0 18555 KATHERYN DAY EXECUTIVE VICE PRESIDENT 40.00 X 222619 0 19207 JASON WALKER CLO 40.00 X 198953 0 14457 JOSEPH MENNA FORMER KEY EMPLOYEE 40.00 X 136932 0 10785 LYNN ROSS FORMER KEY EMPLOYEE 40.00 X 142207 0 11037 THOMAS MCNUTT VP OF INFORMATION TECHNOLOGY 40.00 X 143595 0 17337 JOHN SHORT VP OF HR AND TRAINING 40.00 X 148575 0 17490 MELISSA BOTKINS VP OF MORTGAGE 40.00 X 147909 0 7790 1737150 0 156230 9 0 1 0 LANVERA 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 STATEMENT PRINTING 228338 LEFKOFF RUBIN GLEASON & RUSSO PC 5555 GLENRIDGE CONNECTOR - STE 900 ATLANTA GA 30342 LEGAL SERVICES 126302 2 INTEREST ON LOANS 522100 21239169 21239169 FEE INCOME 522100 6369870 6317537 52333 GAP INCOME 522100 150965 150965 CREDIT SHIELD INSURANCE PRODUCTS 522100 49763 49763 27809767 4889201 4889201 30300268 143884 29835031 -143884 465237 321353 321353 33020321 27757434 52333 5210554 596360 6817280 480144 625449 590613 34995 66282 2178581 561835 1724800 802260 224996 5725937 960036 110033 DEBIT CARD EXPENSES 1187645 LOAN SERVICING 904071 PROVISION FOR LOAN LOSS 855676 ALL OTHER EXPENSES 587189 111579 25145761 2606715 3155514 61673034 70021532 405268120 427599906 682463 1395580 23156828 8125434 14414817 15031394 114969474 104036674 9602137 11971791 609216760 633212391 3756625 5846545 6000000 8000000 559111558 568846854 568868183 582693399 X 0 0 0 0 40348577 50518992 40348577 50518992 609216760 633212391 X 7874560 2840262 -544407 X X 0 1 X 1 0 5342568 5342568 11285784 3623529 7662255 197402 197005 397 4338999 2736107 1602892 1992075 1568793 423282 15031394 MORTGAGE BACKED SECURITIIES 31888308 F FEDERAL AGENCY SECURITIES 65600061 F FHLB MEMBERSHIP 851500 F SBA INVESTMENTS 3321766 F MUNICIPAL BONDS 2375039 F 104036674 MEMBER SHARES 565271394 LEASE LIABILITIES 3575460 568846854 X 36004467 2840262 2840262 33164205 -143884 -143884 33020321 25289645 143884 143884 25145761 0 25145761 PART X, LINE 2: THE ORGANIZATION HAS NO UNCERTAIN TAX LIABILITIES UNDER FIN 48 PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF INVESTMENT LOSS FROM EXPENSE TO REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF INVESTMENT LOSS FROM EXPENSE TO REVENUE X 1 1 X X X 0 0 0 BRIAN ALBRECHT PRESIDENT/CEO 349309 0 48926 0 300 0 13200 0 26372 0 438107 0 0 0 KATHERYN DAY EXECUTIVE VICE PRESIDENT 195950 0 24689 0 1980 0 9432 0 9775 0 241826 0 0 0 BRIAN HAWKINS CFO 172621 0 23914 0 1290 0 8031 0 10524 0 216380 0 0 0 JASON WALKER CLO 179272 0 19231 0 450 0 7638 0 6819 0 213410 0 0 0 JOHN SHORT VP OF HR AND TRAINING 136425 0 10860 0 1290 0 5281 0 12209 0 166065 0 0 0 THOMAS MCNUTT VP OF INFORMATION TECHNOLOGY 128091 0 11694 0 3810 0 5797 0 11540 0 160932 0 0 0 MELISSA BOTKINS VP OF MORTGAGE 136619 0 10000 0 1290 0 0 0 7790 0 155699 0 0 0 LYNN ROSS FORMER KEY EMPLOYEE 117938 0 20685 0 3584 0 6071 0 4966 0 153244 0 0 0 PART I, LINE 1A OFFICERS ARE ALLOWED TO HAVE A COMPANION ON BUSINESS TRIPS UNDER CERTAIN CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS APPROXIMATELY 36,283 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS: ALL PERSONS ELIGIBLE FOR MEMBERSHIP AS DEFINED BY THE BYLAWS CAN JOIN. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS: THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: FORMS 990 AND 990T ARE REVIEWED BY CREDIT UNION OFFICERS AND BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: CONFLICTS OF INTEREST ARE PART OF PERSONNEL POLICY, AS WELL AS BOARD CODE OF ETHICS POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: COMPENSATION OF TOP OFFICIALS ARE SUBJECT TO REVIEW BY THE BOARD OF DIRECTORS. AN OUTSIDE, INDEPENDENT CONSULTING ORGANIZATION IS USED TO DETERMINE SALARY GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 CREDIT UNION GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST AND THROUGH THE INTRANET. FINANCIAL INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC THROUGH NCUA REPORTS. FORM 990, PART XI, LINE 9: RECLASS OF INVESTMENT LOSS FROM EXPENSE TO REVENUE 143,884. CECL ADOPTION CUMULATIVE EFFECT ADJUSTMENT -688,291. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR