2022-11-15T15:12:45-06:00 2021-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2021-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 JUSTIN MORRIS EXECUTIVE VICE PRESIDENT 2707968500 2022-11-15 1 JUSTIN MORRIS 999009999 MICHAEL P COOK P01398822 5024269660 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 10108850 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THIER FINANCIAL DREAMS. 7 7 67 15 15196 0 0 0 7075254 6699095 424486 369779 2667284 3039976 10167024 10108850 25000 105000 0 0 3778187 3826865 0 0 0 6414591 5346802 10217778 9278667 -50754 830183 195135987 216310461 174502585 195012614 20633402 21297847 THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THEIR FINANCIAL DREAMS. 0 0 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3329 0 1 67 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 1 1 1 1 1 1 1 0 X JUSTIN MORRIS 2705990469 PO BOX 51770 BOWLING GREEN KY 421026770 ANNE MEAD SECRETARY/TREASURER 1.00 X X 0 0 0 JAMES MCCASLIN CHAIR 1.00 X X 0 0 0 HAROLD LITTLE DIRECTOR 1.00 X 0 0 0 RICHARD L MILLER DIRECTOR 1.00 X 0 0 0 CAROL GLASER VICE-CHAIR 1.00 X X 0 0 0 BRENDA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 PAT STEWART DIRECTOR 1.00 X 0 0 0 ANTHONY SEAN MOORE VP INFORMATIONAL & DIGITAL SYSTEMS 40.00 X 85963 0 38250 REBECCA STONE PRESIDENT AND CEO 40.00 X 165375 0 119479 MARK FLOYD VP CHIEF LENDING OFFICER 40.00 X 101315 0 39094 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 40.00 X 57907 0 6995 MICHELLE DYER SVP/CHIEF OPERATING OFFICER 40.00 X 89904 0 52910 JUSTIN MORRIS EVP CHIEF FINANCIAL OFFICE 40.00 X 96360 0 47324 BRAD BROWN VP ENTERPRISE RISK MGMT 40.00 X 70979 0 20928 ROB HERRINGTON SVP/CHIEF TECHNOLOGY OFFICER 40.00 X 42389 0 3537 JENNY RUSSELL VP MEMBER SOLUTIONS & CHANGE MGMT 40.00 X 63008 0 9822 AMY GOODSON VP HUMAN RESOURCES 40.00 X 62292 0 10217 835492 0 348556 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 664930 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 553203 ALKAMI PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING CLOUD 210347 3 INTEREST INCOME ON LOANS TO MEMBE 522291 6699095 6699095 6699095 362989 362989 1985 1985 4805 0 4805 4805 4805 VISA CHECK FEES 522100 1156488 1156488 NSF AND ODP FEES 522100 1026487 1026487 NON-INTEREST INCOME 522100 582320 567124 15196 274681 274681 3039976 10108850 9723875 15196 369779 105000 835492 2010979 335093 394542 250759 71332 33417 170797 383954 194455 365114 141685 756556 240218 65908 OTHER EXPENSES 1705781 DEBIT CARD OPERATIONS 515999 PROVISION FOR LOAN AND 297062 CREDIT CARD OPERATIONS 243271 161253 9278667 907873 415549 23625404 33282996 522797 462539 135713026 147550551 551341 454971 9090540 5440832 4023711 3649708 20368568 18799851 9423267 11694296 195135987 216310461 1394274 1474273 318391 309747 172789920 193228594 174502585 195012614 X 0 0 2152518 2152518 18480884 19145329 20633402 21297847 195135987 216310461 830183 -165738 0 X 0 0 0 0 1 X 624407 624407 5540332 2799255 2741077 2925801 2641577 284224 3649708 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 2995787 F VISA CLASS B STOCK 381306 F COMPANY OWNED LIFE INSURANCE 3045111 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 843100 C CHARITABLE DONATION INVESTMENTS 858810 C MBS BONDS 6338622 F GOVERNMENT AGENCY BONDS 3437115 F 18799851 NCUSIF DEPOSIT 1747709 PLAN 457(F) DEPOSITS 5914272 OTHER RECEIVABLES 2117684 MISCELLANEOUS ASSETS 645217 FIXED ASSET AWAITING CAPITALIZATION 1269414 11694296 MEMBER SHARE DEPOSITS 90608843 MEMBER SHARE DRAFTS 75197461 MEMBER SHARE CERTIFICATES 27422290 193228594 PART IV, LINE 2B: THE CREDIT UNION COLLECTS FUNDS FROM ITS MORTGAGE LOAN BORROWERS AND HOLDS THE FUNDS IN ESCROW TO PAY THE BORROWERS REAL ESTATE TAXES AND PROPERTY INSURANCE PREMIUMS. 1 PROSPER - A SERVICE ONE INITIATIVE INC 874126092 501(C)(3) 100000 0 CASH DONATION - FMV TO BEGIN A FOUNDATION TO PROVIDE THE BENEFITS OF COMMUNITY IMAPCT. PART I, LINE 2 SERVICE ONE CREDIT UNION GRANTED $5,000 TO THE HONORING OUR HEROES FOR THE BENEFIT EVENT EXPENSES FOR VARIOUS PROGRAMS AND ACTIVITIES THROUGH THE FOUNDATION. SERVICE ONE CREDIT UNION GRANTED $100,000 TO THE PROSPER - A SERVICE ONE INITIATIVE, INC. FOR BENEFIT OF EXTNEDING THE COMMUNITY IMPACT SERVICE ONE HAS. X 0 1 0 REBECCA STONE PRESIDENT AND CEO 165375 0 0 0 0 0 112177 0 7302 0 284854 0 0 0 JUSTIN MORRIS EVP CHIEF FINANCIAL OFFICE 96360 0 0 0 0 0 40022 0 7302 0 143684 0 0 0 MICHELLE DYER SVP/CHIEF OPERATING OFFICER 89904 0 0 0 0 0 39667 0 13243 0 142814 0 0 0 MARK FLOYD VP CHIEF LENDING OFFICER 101315 0 0 0 0 0 27572 0 11522 0 140409 0 0 0 ANTHONY SEAN MOORE VP INFORMATIONAL & DIGITAL SYSTEMS 85963 0 0 0 0 0 26728 0 11522 0 124213 0 0 0 BRAD BROWN VP ENTERPRISE RISK MGMT 70979 0 0 0 0 0 13626 0 7302 0 91907 0 0 0 JENNY RUSSELL VP MEMBER SOLUTIONS & CHANGE MGMT 63008 0 0 0 0 0 2520 0 7302 0 72830 0 0 0 AMY GOODSON VP HUMAN RESOURCES 62292 0 0 0 0 0 2915 0 7302 0 72509 0 0 0 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 57907 0 0 0 0 0 3167 0 3828 0 64902 0 0 0 ROB HERRINGTON SVP/CHIEF TECHNOLOGY OFFICER 42389 0 0 0 0 0 1696 0 1841 0 45926 0 0 0 CAROL GLASER VICE-CHAIR 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 4B REBECCA STONE - $9,096 JUSTIN MORRIS - $5,300 MICHELLE DYER - $4,945 MARKUS FLOYD - $5,572 ROBERT HERRINGTON - $1,695 ANTHONY MOORE - $4,728 BRAD BROWN - $3,904 JENNY RUSSELL - $2,520 AMY GOODSON - $2,915 ANTHONY SPITZ -$3,167 JOSEPH P STEWART BOARD MEMBER AUTO LOAN X 29550 28159 0 1 1 JOSEPH P STEWART BOARD MEMBER COMMERCIAL EQUIPMENT X 27500 13781 0 1 1 JOSEPH P STEWART BOARD MEMBER HIGH YIELD - 12 MONTH X 0 5115 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 41472 0 1 1 HAROLD LITTLE JR BOARD MEMBER SHARE SECURED LOAN X 11000 2528 0 1 1 HAROLD LITTLE JR BOARD MEMBER AUTO LOAN X 35030 23837 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT AUTO LOAN X 32268 31890 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT MORTGAGE X 160000 157608 0 1 1 HAROLD LITTLE JR BOARD MEMBER HIGH YIELD - 12 MONTH X 0 12672 0 1 1 AMY GOODSON VP OF HUMAN RESOURCES AUTO LOAN X 21244 21244 0 1 1 MARKUS FLOYD VP CHIEF LENDING OFFICER HELOC X 100000 19600 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER AUTO LOAN X 20267 18648 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER AUTO LOAN X 39622 36466 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER HELOC X 50000 49519 0 1 1 462539 FORM 990, PART VI, SECTION A, LINE 6 SERVICE ONE CREDIT UNION IS A NONPROFIT COOPERATIVE ORGANIZED UNDER THE LAWS OF THE STATE OF KENTUCKY AND HAD APPROXIMATELY 15,134 MEMBERS AS OF DECEMBER 2021. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE BOARD OF DIRECTORS IS NOMINATED FOR ELECTION TO A THREE YEAR TERM BY THE MEMBERS PRESENT AT THE ANNUAL MEETING HELD IN APRIL OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ANY MEMBER OF THE CREDIT UNION MAY ATTEND THE ANNUAL MEMBERS MEETING TO PRESENT ANY ITEM OF BUSINESS FOR CONSIDERATION FOR THE ENTIRE MEMBERSHIP INCLUDING A VOTE TO REVERSE PRIOR DECISIONS MADE BY THE GOVERNING BODY UPON OBTAINING A MAJORITY VOTE TO DO SO. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT PDF COPY OF THE FORM 990 IS EMAILED TO THE PRESIDENT/CEO TO REVIEW PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE CREDIT UNION ARE REQUIRED ANNUALLY TO DISCLOSE IN WRITING ON FORMS THAT THEY ARE NOT ENGAGED IN ANY RELATIONSHIPS CONSTITUTING A CONFLICT OF INTEREST WITH THE CREDIT UNION'S BUSINESS, WHICH FORMS ARE MAINTAINED WITH HUMAN RESOURCES, AND ARE MONITORED ON AN ONGOING BASIS BY THE SECURITY OFFICER. IF AND WHEN A CONFLICT DOES ARISE IT IS BROUGHT TO THE ATTENTION OF THE CEO AND BOARD OF DIRECTORS. THE SECURITY OFFICER BRINGS THE EXCEPTIONS TO THE ATTENTION OF STATE AND FEDERAL EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE AND SALARY OF THE CEO ANNUALLY. THE BOARD ASSESSES THE PERFORMANCE AGAINST TARGETS ESTABLISHED IN THE PREVIOUS YEAR TO DETERMINE THE EXTENT TO WHICH GOALS WERE MET. FOR OTHER MANAGEMENT EMPLOYEES THE CREDIT UNION USES THE SERVICES OF AN EMPLOYMENT SPECIALIST TO DETERMINE PAY RANGES FOR EACH JOB POSITION. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED BY SUPERVISORS OF EACH EMPLOYEE TO DETERMINE THE EXTENT TO WHICH GOALS HAVE BEEN MET. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND THE CREDIT UNION'S INTERNALLY PREPARED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AS ARE ALL OTHER PUBLICLY AVAILABLE DOCUMENTS.