FAMILY SAVINGS CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FAMILY SAVINGS CREDIT UNION (EIN 63-0355713)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202423199349305267
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T13:03:14-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 461498870 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BMSS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1121 RIVERCHASE OFFICE RD | AddressLine1Txt |
| City | BIRMINGHAM | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35244 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 630355713 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CREDIT UNIONS IN THE STATE OF ALABAMA | BusinessNameLine1Txt |
| Business Name Line2 | FAMILY SAVINGS CREDIT UNION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CRED | BusinessNameControlTxt |
| Phone | 2565478190 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 RESCIA AVENUE | AddressLine1Txt |
| City | RAINBOW CITY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35906 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBBIE GRAY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2565478190 | PhoneNum |
| Signature | 2024-10-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHERION SIBLEY CPA | PreparerPersonNm |
| PTIN | P00090514 | PTIN |
| Phone | 2059825500 | PhoneNum |
| Preparation | 2024-10-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DEBBIE GRAY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 RESCIA AVENUE | AddressLine1Txt |
| City | RAINBOW CITY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35906 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $69,708,158 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.FAMILYSAVINGSCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1951 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 204 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $231,418 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,254,177 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $42,961,321 | CYProgramServiceRevenueAmt |
| PY Investment Income | $945,597 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,676,904 | CYInvestmentIncomeAmt |
| PY Other Revenue | $20,699,469 | PYOtherRevenueAmt |
| CY Other Revenue | $22,447,182 | CYOtherRevenueAmt |
| PY Total Revenue | $50,899,243 | PYTotalRevenueAmt |
| CY Total Revenue | $68,085,407 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,900,549 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,791,414 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $22,529,665 | PYOtherExpensesAmt |
| CY Other Expenses | $36,144,592 | CYOtherExpensesAmt |
| PY Total Expenses | $41,445,214 | PYTotalExpensesAmt |
| CY Total Expenses | $57,951,006 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $9,454,029 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,134,401 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $756,761,608 | TotalAssetsBOYAmt |
| Total Assets EOY | $965,802,595 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $681,399,923 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $882,528,528 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,361,685 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $83,274,067 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 75,156 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 22296 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 204 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEBBIE GRAY CFO | PersonNm |
| Phone | 2565478190 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 RESCIA AVENUE | AddressLine1Txt |
| City | GADSDEN | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35906 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| LP WILLIAMSON | |||||||
| BOARD CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BILL WILLARD | |||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HACKY JAGGERS | |||||||
| SECRETARY | 2.00 | Yes (X) | $1,877 | $0 | $0 | ||
| WALLY BURNS | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RANDEL MOUNTAIN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RONNIE REED | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES WILKES | |||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DANNY VARNON | |||||||
| PRESIDENT | 38.00 | $519,905 | $0 | $58,818 | Yes (X) | ||
| DEBORAH GRAY | |||||||
| CHIEF FINANCIAL OFFICER | 38.00 | $282,185 | $0 | $79,432 | Yes (X) | ||
| ROBERT RAYBURN | |||||||
| CHIEF LENDING OFFICER | 38.00 | $283,534 | $0 | $56,224 | Yes (X) | ||
| CURTIS LETSON | |||||||
| EXECUTIVE VICE PRESIDENT | 38.00 | $313,601 | $0 | $56,739 | Yes (X) | ||
| JONATHAN ROLAND | |||||||
| CHEIF INFORMATION OFFICER | 38.00 | $152,902 | $0 | $35,013 | Yes (X) | ||
| LESLI BISHOP | |||||||
| CHIEF MARKETING OFFICER | 38.00 | $158,946 | $0 | $39,792 | Yes (X) | ||
| AMY JACKSON | |||||||
| MORTGAGE SERVICES DIRECTOR | 38.00 | $273,891 | $0 | $53,498 | Yes (X) | ||
| JOHN RIDDLE | |||||||
| COMMERCIAL LENDER | 38.00 | $745,100 | $0 | $46,909 | Yes (X) | ||
| MARCIE RIDDLE | |||||||
| DIRECTOR OF BUSINESS SERVICES | 38.00 | $143,163 | $0 | $36,179 | Yes (X) | ||
| SCOTTY BELL | |||||||
| REGIONAL OPERATIONS DIRECTOR | 38.00 | $115,967 | $0 | $35,132 | Yes (X) | ||
| CHELSEA MCCARY | |||||||
| COMMERCIAL LOAN ASSISTANT | 38.00 | $134,063 | $0 | $39,943 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,125,134 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $537,679 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FSI | |||||
| 4000 ARLINGTON BLVD | ARLINGTON | VA | 22204 | PROFESSIONAL SERVICES | $1,800,863 |
| JACK HENRY & ASSOCIATES | |||||
| PO BOX 609 | MONETT | MO | 65708 | CORE PROCESSING SYSTEM | $1,098,939 |
| SYNERGI PARTNERS INC | |||||
| 151 W EVAN ST | FLORENCE | SC | 29501 | TAX CONSULTING | $707,970 |
| DIAMOND COMMUNICATION SOLUTIONS | |||||
| 900 KIMBERLY DR | CAROL STREAM | IL | 60188 | COMMUNICATIONS | $581,773 |
| PC CONNECTION SALES CORP | |||||
| 730 MILFORD RD | MERRIMACK | NH | 03054 | IT SERVICES | $575,285 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN INTEREST INCOME | Desc |
| Business | 522130 | BusinessCd |
| Total Revenue Column | $42,961,321 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,961,321 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $42,961,321 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,676,904 | TotalRevenueColumnAmt |
| Exclusion | $2,676,904 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $152,606 | TotalRevenueColumnAmt |
| Exclusion | $152,606 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,622,751 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,622,751 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ACCOUNT, LOAN, AND INTERCHANGE FE | 522130 | $17,956,801 | $17,956,801 |
| OTHER OPERATING INCOME | 522130 | $2,159,682 | $2,159,682 |
| NSF ACCOUNT CHARGES | 522130 | $1,120,613 | $1,120,613 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,057,480 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $826,062 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $231,418 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $22,294,576 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $68,085,407 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $65,024,479 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $231,418 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,829,510 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,037,091 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,340,188 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,016,304 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,361,122 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,036,709 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,524 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,716 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,491,111 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,942,826 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,617 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $778,507 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,956 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $562,467 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,694,112 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,105,524 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,952 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CHECK AND LOAN SERVICIN | $8,171,617 |
| BAD DEBTS | $3,790,618 |
| REPAIRS AND MAINTENANCE | $2,909,234 |
| TRAINING AND EDUCATION | $218,006 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $407,805 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,951,006 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,867,660 | BOYAmt |
| EOY | $13,017,176 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,984,929 | BOYAmt |
| EOY | $93,601,065 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,554,161 | BOYAmt |
| EOY | $2,584,039 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,788,238 | BOYAmt |
| EOY | $774,776,325 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,613,407 | BOYAmt |
| EOY | $4,343,358 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $46,183,407 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $21,200,246 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,183,392 | BOYAmt |
| EOY | $24,983,161 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,085,836 | BOYAmt |
| EOY | $27,057,842 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,054 | BOYAmt |
| EOY | $587,281 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,391,931 | BOYAmt |
| EOY | $24,852,348 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $756,761,608 | BOYAmt |
| EOY | $965,802,595 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,483,180 | BOYAmt |
| EOY | $16,624,621 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,400,000 | BOYAmt |
| EOY | $59,900,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $637,516,743 | BOYAmt |
| EOY | $806,003,907 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $681,399,923 | BOYAmt |
| EOY | $882,528,528 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,361,685 | BOYAmt |
| EOY | $83,274,067 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,361,685 | BOYAmt |
| EOY | $83,274,067 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $756,761,608 | BOYAmt |
| EOY | $965,802,595 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,134,401 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $89,373 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,311,392 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,227,232 | OtherCostOrOtherBasisAmt |
| Book Value | $5,227,232 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,819,299 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,604,727 | DepreciationAmt |
| Book Value | $11,214,572 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,885,527 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,608,020 | DepreciationAmt |
| Book Value | $2,277,507 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,569,715 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,987,499 | DepreciationAmt |
| Book Value | $3,582,216 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,681,634 | OtherCostOrOtherBasisAmt |
| Book Value | $2,681,634 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $24,983,161 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER DEPOSITS | $781,003,907 |
| NON-MEMBER DEPOSITS | $25,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $806,003,907 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE | GrantTypeTxt |
| Recipient | 5 | RecipientCnt |
| Cash Grant | $15,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | UPON DETERMINING A SCHOLARSHIP RECIPIENT, THE CREDIT UNION VERIFIES THE RECIPIENT'S ENROLLMENT IN COLLEGE BY OBTAINING A COPY OF THE RECIPIENT'S COLLEGE REGISTRATION AND SCHEDULE OF COURSES. AFTER CONFIRMING THE RECIPIENT'S ENROLLMENT, THE CREDIT UNION WILL EITHER MAIL A CHECK DIRECTLY TO THE RECIPIENT'S COLLEGE OR IT WILL PROVIDE A CHECK TO THE RECIPIENT MADE PAYABLE TO THE RECIPIENT'S COLLEGE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN RIDDLE | ||||||||||||||
| COMMERCIAL LENDER | $227,250 | $0 | $517,850 | $0 | $0 | $0 | $46,909 | $0 | $0 | $0 | $792,009 | $0 | $0 | $0 |
| DANNY VARNON | ||||||||||||||
| PRESIDENT | $444,710 | $0 | $75,195 | $0 | $0 | $0 | $53,924 | $0 | $4,894 | $0 | $578,723 | $0 | $0 | $0 |
| CURTIS LETSON | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $275,946 | $0 | $37,655 | $0 | $0 | $0 | $32,875 | $0 | $23,864 | $0 | $370,340 | $0 | $0 | $0 |
| DEBORAH GRAY | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $244,325 | $0 | $37,860 | $0 | $0 | $0 | $50,869 | $0 | $28,563 | $0 | $361,617 | $0 | $0 | $0 |
| ROBERT RAYBURN | ||||||||||||||
| CHIEF LENDING OFFICER | $245,609 | $0 | $37,925 | $0 | $0 | $0 | $50,887 | $0 | $5,337 | $0 | $339,758 | $0 | $0 | $0 |
| AMY JACKSON | ||||||||||||||
| MORTGAGE SERVICES DIRECTOR | $39,712 | $0 | $234,179 | $0 | $0 | $0 | $25,590 | $0 | $27,908 | $0 | $327,389 | $0 | $0 | $0 |
| LESLI BISHOP | ||||||||||||||
| CHIEF MARKETING OFFICER | $146,061 | $0 | $12,885 | $0 | $0 | $0 | $24,705 | $0 | $15,087 | $0 | $198,738 | $0 | $0 | $0 |
| JONATHAN ROLAND | ||||||||||||||
| CHEIF INFORMATION OFFICER | $140,112 | $0 | $12,790 | $0 | $0 | $0 | $14,386 | $0 | $20,627 | $0 | $187,915 | $0 | $0 | $0 |
| MARCIE RIDDLE | ||||||||||||||
| DIRECTOR OF BUSINESS SERVICES | $96,355 | $0 | $46,808 | $0 | $0 | $0 | $14,849 | $0 | $21,330 | $0 | $179,342 | $0 | $0 | $0 |
| CHELSEA MCCARY | ||||||||||||||
| COMMERCIAL LOAN ASSISTANT | $53,530 | $0 | $80,533 | $0 | $0 | $0 | $12,569 | $0 | $27,374 | $0 | $174,006 | $0 | $0 | $0 |
| SCOTTY BELL | ||||||||||||||
| REGIONAL OPERATIONS DIRECTOR | $97,528 | $0 | $18,439 | $0 | $0 | $0 | $14,353 | $0 | $20,779 | $0 | $151,099 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FAMILY SAVINGS CREDIT UNION PROVIDES ALL VOLUNTEERS NUMBERING 12 IN TOTAL WITH A $700 STIPEND AS AN INSURANCE ALLOWANCE EACH MONTH. |
| PART I, LINE 4B | THE FOLLOWING PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: DANNY VARNON DEBORAH GRAY ROBERT RAYBURN FRANKIE LETSON |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MONTE HILL | PersonNm |
| Relationship With Org | FORMER OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $2,200,000 | OriginalPrincipalAmt |
| Balance Due | $2,584,039 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,584,039 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. THE FIELD OF MEMBERSHIP SHALL BY LIMITED TO: PERSONS WHO LIVE, WORSHIP, WORK (OR REGULARLY CONDUCT BUSINESS), OR ATTEND SCHOOL IN ETOWAH, MARSHALL, DEKALB, JACKSON, CHEROKEE, CALHOUN, CLEBURNE, MADISON, BLOUNT, ST. CLAIR, MORGAN, CULLMAN, OR TALLADEGA COUNTIES IN ALABAMA OR LIVE OR WORK IN BARTOW, CATOOSA, CHATTOOGA, DADE, FLOYD, GORDON, HARALSON, PAULDING, POLK, CARROLL, CHEROKEE, COBB, DOUGLAS, MURRAY, WHITFIELD, OR WALKER COUNTIES IN GEORGIA. BUSINESSES, ORGANIZATIONS, OR ASSOCIATIONS (FOR PROFIT OR NOT FOR PROFIT), REGARDLESS OF THEIR FORM, WHICH MEET ANY OF THE FOLLOWING TESTS: FORMED; ORGANIZED; OPERATE; LOCATED; DO BUSINESS; HAVE AN OFFICE; STORE OR BRANCH IN ETOWAH, MARSHALL, DEKALB, JACKSON, CHEROKEE, CALHOUN, CLEBURNE, MADISON, BLOUNT, ST. CLAIR, MORGAN, CULLMAN, OR TALLADEGA COUNTIES IN ALABAMA OR IN BARTOW, CATOOSA, CHATTOOGA, DADE, FLOYD, GORDON, HARALSON, PAULDING, POLK, CARROLL, CHEROKEE, COBB, DOUGLAS, MURRAY, WHITFIELD OR WALKER COUNTIES IN GEORGIA. NATURAL PERSON MEMBERS AND EMPLOYEES OF THE INTERDENOMINATIONAL ASSOCIATION OF CHURCHES, INC., IN ETOWAH COUNTY, ALABAMA; INTERDENOMINATIONAL ASSOCIATION OF CHURCHES, INC.; WILLS CREEK DISTRICT BAPTIST ASSOCIATION; GADSDEN METROPOLITAN BAPTIST MINISTERS CONFERENCE; INTERDENOMINATIONAL MINISTERIAL ALLIANCE, ETOWAH COUNTY TRUST INVESTORS, INC. OTHERS INCLUDE FAMILY MEMBERS, RELATED BY BLOOD, ADOPTION, LEGAL GUARDIANSHIP, OR MARRIAGE TO ANYONE WITHIN FAMILY SAVINGS CREDIT UNION'S FIELD OF MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF FAMILY SAVINGS CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THEIR ANNUAL MEMBERSHIP MEETING. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS MUST APPROVE BOARD OF DIRECTOR DECISONS ON MATTERS OF CONVERSION, CHANGES, OR MERGER. |
| FORM 990, PART VI, SECTION B, LINE 11B | UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY, WHICH IS INCLUDED IN THE CREDIT UNION CODE OF CONDUCT, EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF OR DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR OFFICERS, KEY EMPLOYEES & TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. COMPARATIVE INDEPENDENT SALARY SURVEYS ARE AVAILABLE TO THE BOARD DURING THE COMPENSATION PROCESS. |
| 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: | CECL ADJUSTMENT -2,311,392. |
| FORM 990, PART XII, LINE 2 | THE CREDIT UNION HAS MARCH 31 YEAR END AUDITED FINANCIALS PREPARED BY AN INDEPENDENT CPA. ADDITIONALLY, ON A YEARLY BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND SUPERVISORY COMMITTEE EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. |
| SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION | CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION 205 RESCIA AVENUE RAINBOW CITY, AL 35906 EMPLOYER IDENTIFICATION NUMBER: 63-0355713 FOR THE YEAR ENDING DECEMBER 31, 2023 CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
| SECTION 1.263(A)-3(N) ELECTION | CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION 205 RESCIA AVENUE RAINBOW CITY, AL 35906 EMPLOYER IDENTIFICATION NUMBER: 63-0355713 FOR THE YEAR ENDING DECEMBER 31, 2023 CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAMILY SAVINGS SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 RESCIA AVENUE | AddressLine1Txt |
| City | RAINBOW CITY | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 35906 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 450480527 | EIN |
| Primary Activities | FINANCIAL SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Total Income | -$73 | TotalIncomeAmt |
| End Of Year Assets | $291,981 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAMILY SAVINGS CREDIT UNION | BusinessNameLine1Txt |