2024-11-14T12:30:22-06:00 2023-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2023-01-01 630421006 GUARDIAN CREDIT UNION GUAR 3342449999 418 MADISON AVENUE MONTGOMERY AL 36104 HEATH HARRELL CEO 3342449999 2024-11-13 1 0 CLAIRE C DUREN CPA P01577924 8504357400 2024-11-13 2023 2024-10-15 13:58:12Z HEATH HARRELL 418 MADISON AVENUE MONTGOMERY AL 36104 79832389 0 X WWW.MYGUARDIANCU.COM X STATE-CHARTERED CREDIT UNION 1958 AL COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 7 7 312 10 868140 0 0 0 41727734 54163869 2545866 2716089 17836772 22952431 62110372 79832389 255000 332820 0 0 20678786 22608066 0 0 0 31091534 46694391 52025320 69635277 10085052 10197112 865286128 1018202202 794140086 935845298 71146042 82356904 X COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 0 0 ALABAMA BANKING CODE, SECTION, 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. GUARDIAN CREDIT UNION, AN ALABAMA STATE-CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY MEMBERS/EMPLOYEES AND THEIR RELATIVES OF THE ALABAMA ARMY AND NATIONAL GUARD, MUNICIPAL EMPLOYEES OF THE CITY OF MONTGOMERY, ALABAMA, AND VARIOUS DEPARTMENTS OF THE STATE OF ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND IS OPEN TO ALL INDIVIDUALS WHO WORK, WORSHIP, ATTEND SCHOOL OR RESIDE IN AUTAUGA, BUTLER, CHILTON, COOSA, COVINGTON, CRENSHAW, ELMORE, LEE, LOWNDES, MACON, MONTGOMERY, PIKE, RUSSELL, AND TALLAPOOSA COUNTIES. AS OF DECEMBER 31, 2023, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICE TO APPROXIMATELY 88,681 MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 17156 0 1 312 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 0 0 1 1 1 0 X DAN POST 3342449999 418 MADISON AVENUE MONTGOMERY AL 36104 SCOTT KRAMER CHAIRMAN 1.00 X X 0 0 0 THERMAN DENNIS VICE CHAIR 1.00 X X 0 0 0 RICK RONEY TREASURER 1.00 X X 0 0 0 JAMES HENRY SECRETARY 1.00 X X 0 0 0 MICHAEL BELCHER DIRECTOR 1.00 X 0 0 0 GRETA WILLIAMS DIRECTOR 1.00 X 0 0 0 PAM NEWMAN DIRECTOR 1.00 X 0 0 0 HEATH HARRELL CEO 50.00 X 574235 0 107985 NIKITA MCCLAIN CCO 45.00 X 238791 0 44295 JOSEPH ROBISON CLO 45.00 X 239499 0 83790 SCOTT ROSEN CTO 45.00 X 214421 0 80783 DANIEL POST CFO 45.00 X 236399 0 90662 RACHEL STEWART CXP 45.00 X 184297 0 52146 GREG GRAY CSO 45.00 X 35405 0 0 BECKY LEE VP RISK 45.00 X 139564 0 59934 J LINDSEY MCDONALD VP HUMAN RESOURCES 45.00 X 179241 0 52037 MELODIE WRIGHT VP BRANCH OPERATIONS 45.00 X 155470 0 30908 BLAKE CARTER HOME LOANS OPERATIONS MANAGER 45.00 X 136914 0 27934 JEREMI SCOGGINS AVP DEVELOPMENT 45.00 X 136707 0 28107 2470943 0 658581 28 0 1 0 RUSSELL CONSTRUCTION OF AL INC 1616 MT MEIGS ROAD MONTGOMERY AL 36107 BUILDING CONTRACTORS 7719283 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 ONLINE BANKING PLATFORM 817825 JACK HENRY & ASSOCIATES INC PO BOX 807 663 HWY 60 MONETT MO 65708 CORE SOFTWARE 636600 FLEX MARKETING 5330 TECHNOLOGY LANE BIRMINGHAM AL 35217 STATEMENTS AND MARKETING CONTENT 466887 THE UNITED STATES POSTAL SERVICE 475 LENFANT PLAZA SW WASHINGTON DC 20260 DELIVERY SERVICES 450000 47 LOAN INTEREST INCOME 522100 54163869 54163869 54163869 2716089 2716089 SERVICE FEE AND OTHER INCOME 522100 8878080 8878080 INTERCHANGE INCOME 522100 7796658 7796658 COURTESY PAY AND OVERDRAFT CHARGE 522100 6693124 6693124 -415431 -1283571 868140 22952431 79832389 76248160 868140 2716089 307820 25000 2111898 15821545 1114915 2305078 1254630 173034 127764 178425 1903980 1490568 3261354 948882 143612 289747 16986669 1004445 212328 UBI TAX EXPENSE 12970 PROVISION FOR LOAN LOSS 8607291 ATM AND DEBIT CARD EXPE 7501571 LOAN SERVICING 1393391 2458360 69635277 11335027 10250111 45499504 44966398 10203705 10435210 690621953 831246153 1287561 2466425 40975662 9407583 22392736 31568079 63003653 63054719 7940776 9090014 1038864 1037468 11962349 14087625 865286128 1018202202 16333542 17377058 30000000 68000000 747806544 850468240 794140086 935845298 X 0 0 0 0 71146042 82356904 71146042 82356904 865286128 1018202202 X 10197112 1688505 -674755 X X 0 1 X 1 0 3098 0 3098 3098 1 ALABAMA CREDIT UNION LEGISLATIVE ACTION COUNCIL 3692 COOLIDGE CT TALLAHASSEE FL 32311 521681138 3098 PART I-B, LINE 4B: ACULAC IS THE POLITICAL ACTION COMMITTEE FOR THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS, OUR STATE TRADE ASSOCIATION. FUNDS ARE USED TO SUPPORT POLITICAL CANDIDATES AND PARTIES AT THE STATE LEVEL. AMONG THOSE ELIGIBLE TO RECEIVE SUPPORT FROM ACULAC ARE CANDIDATES FOR THE ALABAMA HOUSE OF REPRESENTATIVES, ALABAMA SENATE, GOVERNOR, LT. GOVERNOR, ATTORNEY GENERAL, SECRETARY OF STATE, STATE TREASURER, STATE PARTY COMMITTEES, LEADERSHIP PACS (WHERE APPLICABLE) AND LOCAL RACES. 6265820 6265820 18154837 5785777 12369060 156465 42706 113759 16398540 3579100 12819440 31568079 MEMBERS' SHARE AND SAVINGS ACCOUNTS 850468240 850468240 X 79819419 -12970 -12970 79832389 0 79832389 69622307 0 69622307 12970 12970 69635277 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM MOST FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES FOR WHICH THE NET TAXABLE INCOME IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. THE CONSOLIDATED SUBSIDIARIES ARE SEPARATE, TAXABLE ENTITIES THAT ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2023 AND 2022, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GIS EXPENSES INCLUED IN REVENUE -12,970. PART XII, LINE 4B - OTHER ADJUSTMENTS: GIS EXPENSES INCLUDED IN REVENUE 12,970. 1 FAULKNER UNIVERSITY 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 630329409 501(C)(3) 25000 0 SUPPORT FAULKNER UNIVERSITY FAMILY SUNSHINE CENTER PO BOX 5160 MONTGOMERY AL 36103 630756933 501(C)(3) 7500 0 SUPPORT TO END VIOLENCE IN CENTRAL ALABAMA TROY UNIVERSITY FOUNDATION 5000 VETERANS STADIUM DRIVE TROY AL 36082 636067755 501(C)(3) 165000 0 SUPPORT TROY UNIVERSITY FOUNDATION CENTRAL ALABAMA SPORTS COMMISSIONS 166 COMMERCE STREET 2ND FLOOR MONTGOMERY AL 36104 274543841 501(C)(3) 45000 0 SUPPORT CENTRAL ALABAMA SPORTS COMMISSION VALIANT CROSS ACADEMY 301 DEXTER AVE MONTGOMERY AL 36104 474610443 501(C)(3) 20320 0 SUPPORT VALIANT CROSS ACADEMY SCHOOL GUARDIAN CREDIT UNION FOUNDATION 418 MADISON AVE MONTGOMERY AL 36104 934311952 501(C)(3) 40000 0 SUPPORT MISSION OF GUARDIAN CREDIT UNION FOUNDATION 7 COLLEGE SCHOLARSHIPS 10 25000 PART I, LINE 2: UPON DETERMINING A SCHOLARSHIP RECIPIENT, THE CREDIT UNION WILL MAIL A CHECK DIRECTLY TO THE RECIPIENT'S COLLEGE OR UNIVERSITY. X X X X X 0 1 0 HEATH HARRELL CEO 508085 0 66150 0 0 0 73385 0 34600 0 682220 0 0 0 DANIEL POST CFO 215979 0 20420 0 0 0 56376 0 34286 0 327061 0 0 0 JOSEPH ROBISON CLO 218605 0 20894 0 0 0 49497 0 34293 0 323289 0 0 0 SCOTT ROSEN CTO 194106 0 20315 0 0 0 46994 0 33789 0 295204 0 0 0 NIKITA MCCLAIN CCO 213658 0 25133 0 0 0 13935 0 30360 0 283086 0 0 0 RACHEL STEWART CXP 166833 0 17464 0 0 0 17937 0 34209 0 236443 0 0 0 J LINDSEY MCDONALD VP HUMAN RESOURCES 160524 0 18717 0 0 0 17864 0 34173 0 231278 0 0 0 BECKY LEE VP RISK 117774 0 21790 0 0 0 25913 0 34021 0 199498 0 0 0 MELODIE WRIGHT VP BRANCH OPERATIONS 144379 0 11091 0 0 0 15227 0 15681 0 186378 0 0 0 BLAKE CARTER HOME LOANS OPERATIONS MANAGER 97289 0 39625 0 0 0 14054 0 13880 0 164848 0 0 0 JEREMI SCOGGINS AVP DEVELOPMENT 125854 0 10853 0 0 0 13905 0 14202 0 164814 0 0 0 PART I, LINE 4B IN 2016, THE CREDIT UNION ENTERED INTO A SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT WITH HEATH HARRELL, CEO. THE PREMIUMS ON THE POLICY WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE CEO AND EVP. INTEREST ACCRUES TO THE LOANS MONTHLY. IN 2021, THE CREDIT UNION ENTERED INTO A SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT WITH HEATH HARRELL, CEO. THE PREMIUMS ON THE POLICIES WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE CEO AND EVP. INTEREST ACCRUES TO THE LOANS MONTHLY. THE CREDIT UNION HAS SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENTS WITH HEATH HARRELL, BECKY LEE, DAN POST, JOSEPH ROBISON, AND SCOTT ROSEN. THE PLANS ARE DESIGNED TO PROVIDE CASH BENEFITS UPON SPECIFIC VESTING SCHEDULES. HEATH HARRELL CEO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 805662 805662 0 1 1 HEATH HARRELL CEO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 9629548 9629548 0 1 1 10435210 FORM 990, PART VI, SECTION A, LINE 6 GUARDIAN CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GUARDIAN CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THE ANNUAL MEMBERSHIP MEETING. THE BOARD OF DIRECTORS IS MADE UP OF SEVEN BOARD MEMBERS AND THE TERM FOR EACH BOARD MEMBER IS THREE YEARS. THE NOMINATING COMMITTEE WILL NOMINATE MEMBERS FOR OPEN BOARD POSITIONS OR MEMBERS MAY PLACE A NAME ON THEIR VOTING BALLOT BY PETITION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO THE APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD OR COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE CFO AND CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. THE COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO WHILE TAKING INTO ACCOUNT THE OVERALL PERFORMANCE OF THE CREDIT UNION. ADDITIONALLY, THE COMMITTEE USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH BALANCED COMP DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY. COMPENSATION FOR OTHER OFFICERS, KEY EMPLOYEES, AND MANAGEMENT IS DETERMINED ON A YEARLY BASIS BY THE CEO. THE CEO USES SIMILAR SALARY SURVEY DATA WHILE TAKING INTO CONSIDERATION THE TYPE OF WORK PERFORMED, SUPERVISOR PERFORMANCE EVALUATIONS, AND THE OVERALL PERFORMANCE OF THE CREDIT UNION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL UNREALIZED LOSS ON DEFINED BENEFIT PENSION PLAN 307,570. CECL TRANSITIONAL PROVISION -982,325. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING THE CREDIT UNION HAS A SUPERVISORY COMMITTEE WHO IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. G ADVERTISING LLC 1789 CONG WL DICKINSON DRIVE MONTGOMERY AL 36109 473988987 ADVERTISING AGENCY SERVICES AL 0 0 GUARDIAN CREDIT UNION GUARDIAN INSURANCE SERVICES 418 MADISON AVE MONTGOMERY AL 36104 833524224 PROVIDE INSURANCE SERVICES TO MEMBERS AL 253045 620878 GUARDIAN CREDIT UNION GUARDIAN CREDIT UNION FOUNDATION 418 MADISON AVE MONTGOMERY AL 36104 934311952 CHARITABLE AND EDUCATIONAL AL 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0