2021-05-14T11:39:22-05:00 2020-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2020-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 JUSTIN MORRIS SENIOR VICE PRESIDENT 2707968500 2021-05-14 1 JUSTIN MORRIS 999009999 MICHAEL P COOK P01398822 5024269660 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 10167024 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THEIR FINANCIAL DREAMS. 7 7 63 13 10883 0 0 0 6877955 7075254 768124 424486 2795990 2667284 10442069 10167024 20250 25000 0 0 3894013 3778187 0 0 0 5831427 6414591 9745690 10217778 696379 -50754 175968526 195135987 155326696 174502585 20641830 20633402 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 0 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 3591 0 1 63 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 KATHERINE MEAD DIRECTOR 1.00 X 0 0 0 JAMES MCCASLIN VICE-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 SECRETARY/TREASURER 1.00 X X 0 0 0 BRENDA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 PAT STEWART CHAIR 1.00 X X 0 0 0 STEPHEN CARRICO SENIOR VP AND CFO RETIRED 3.31.20 40.00 X 43847 0 7376 ANTHONY SEAN MOORE VP PAYMENT SYSTEMS AND MEMBER SUPPORT 40.00 X 83119 0 38923 REBECCA STONE PRESIDENT AND CEO 40.00 X 162500 0 122030 MARK FLOYD VP CHIEF LENDING OFFICER 40.00 X 97964 0 40016 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 40.00 X 142854 0 44139 MICHELLE DYER VP CHIEF TRANSFORMATION AND ADMINISTRATIVE OFFICER 40.00 X 81466 0 60038 JUSTIN MORRIS SVP CHIEF FINANCIAL OFFICER 40.00 X 83156 0 54664 BRAD BROWN VP ENTERPRISE RISK MGMT 40.00 X 67380 0 23481 762286 0 390667 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 807154 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 419727 2 INTEREST INCOME ON LOANS TO MEMBE 522130 7075254 7075254 7075254 424486 424486 NSF AND ODP FEES 522100 857853 857853 VISA CHECK FEES 522100 818367 818367 DELINQUENT FEES 522100 112101 112101 878963 868080 10883 2667284 10167024 10156141 10883 0 25000 762286 1953890 438199 423959 199853 53919 42829 449807 256655 192390 326871 68863 1436668 257889 67080 OTHER EXPENSES 1449137 PROVISION FOR LOAN AND 853928 DEBIT CARD OPERATIONS 580177 CREDIT CARD OPERATIONS 267897 110481 10217778 3511053 907873 20164917 23625404 535233 522797 128388191 135713026 520656 551341 9075005 5051294 4213362 4023711 9603476 20368568 9031638 9423267 175968526 195135987 1028346 1394274 293804 318391 154004546 172789920 155326696 174502585 X 0 0 2152518 2152518 18489312 18480884 20641830 20633402 175968526 195135987 -50754 42326 0 X 0 0 0 0 1 X 624407 624407 5535331 2499452 3035879 2915267 2551842 363425 4023711 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 3035463 F VISA CLASS B STOCK 385962 F COMPANY OWNED LIFE INSURANCE 2964730 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 843100 C CHARITABLE DONATION INVESTMENTS 835250 C MBS BONDS 11404063 F 20368568 MEMBER SHARE DEPOSITS 69395861 MEMBER SHARE DRAFTS 66585892 MEMBER SHARE CERTIFICATES 36808167 172789920 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 WESTERN KENTUCKY UNIVERSITY FOUNDATION 292 ALUMNI AVENUE 305 BOWLING GREEN KY 42101 611251555 501(C)(3) 25000 CASH DONATION - FMV INTERNSHIP PROGRAMS, THEATRE DEPARTMENT, AND VARIOUS OTHER UNIVERSITY PROJECTS. 1 0 PART I, LINE 2 SERVICE ONE CREDIT UNION GRANTED $25,000 TO THE WESTERN KENTUCKY UNIVERSITY FOUNDATION IN 2020 FOR THE BENEFIT OF VARIOUS PROGRAMS AND ACTIVITIES THROUGH WESTERN KENTUCKY UNIVERSITY. X 0 1 0 REBECCA STONE PRESIDENT AND CEO 157500 0 5000 0 0 0 115269 0 6761 0 284530 0 0 0 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 142854 0 0 0 0 0 34523 0 9616 0 186993 0 0 0 MICHELLE DYER VP CHIEF TRANSFORMATION AND ADMINIST 81466 0 0 0 0 0 47776 0 12262 0 141504 0 0 0 MARK FLOYD VP CHIEF LENDING OFFICER 97964 0 0 0 0 0 29347 0 10669 0 137980 0 0 0 JUSTIN MORRIS SVP CHIEF FINANCIAL OFFICER 83156 0 0 0 0 0 47903 0 6761 0 137820 0 0 0 ANTHONY SEAN MOORE VP PAYMENT SYSTEMS AND MEMBER SUPPOR 83119 0 0 0 0 0 28234 0 10689 0 122042 0 0 0 BRAD BROWN VP ENTERPRISE RISK MGMT 67380 0 0 0 0 0 16720 0 6761 0 90861 0 0 0 STEPHEN CARRICO SENIOR VP AND CFO RETIRED 3.31.20 43847 0 0 0 0 0 3289 0 4087 0 51223 0 0 0 PART I, LINE 4B REBECCA STONE - $12,188 ANTHONY SPITZ - $10,714 JUSTIN MORRIS - $6,237 MARK FLOYD - $7,347 MICHELLE DYER - $6,110 ANTHONY MOORE - $6,234 BRAD BROWN - $5,054 STEPHEN CARRICO - $3,288 BOARD MEMBER AUTO LOAN X 0 0 0 JOSEPH P STEWART BOARD MEMBER COMMERCIAL EQUIPMENT X 27500 19305 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 28 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 46034 0 1 1 ANTHONY S MOORE VICE PRESIDENT OF INFORMATION TECHNOLOGY CREDIT CARD X 0 8354 0 1 1 HAROLD LITTLE JR BOARD MEMBER SHARE SECURED LOAN X 11000 4790 0 1 1 HAROLD LITTLE JR BOARD MEMBER AUTO LOAN X 35030 32377 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT LOC X 9000 59431 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT AUTO LOAN X 13052 5022 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT MORTGAGE X 184500 93357 0 1 1 REBECCA STONE PRESIDENT/CEO MORTGAGE X 261250 254099 0 1 1 522797 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 2020. 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 FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AS ARE ALL OTHER PUBLICLY AVAILABLE DOCUMENTS.