2021-11-15T12:05:14-06:00 2020-12-31 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2020-01-01 630416876 NAHEOLA CREDIT UNION NAHE 2056542370 PO BOX 102 PENNINGTON AL 369160102 MARK JOHNSON CEO 2056542370 2021-10-27 1 MARK JOHNSON 999009999 W GLENN BRIDGES P00519867 2053235440 2021-10-25 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK JOHNSON PO BOX 102 PENNINGTON AL 369160102 8482129 0 1422 X WWW.NAHEOLA.COM X STATE CHARTERED COOPERATIVE CREDIT UNION 1959 AL COOPERATIVE CREDIT UNION 7 7 37 10 27341 0 0 0 7309927 8482129 0 0 0 0 7309927 8482129 0 0 0 0 2220832 2469270 0 0 0 3933678 4401183 6154510 6870453 1155417 1611676 119021495 154785200 95843619 130094416 23177876 24690784 COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 0 0 6870453 CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. NAHEOLA CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY RESIDENTS OF CHOCTAW, MARENGO, WASHINGTON, CLARKE, SUMTER, HALE, PERRY, GREENE, MOBILE, ESCAMBIA, OR BALDWIN COUNTY IN THE STATE OF ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP IS ALSO OPEN TO ANYONE WORKING, PERFORMING BUSINESS, OR ATTENDING A CHURCH IN THOSE COUNTIES. AT DECEMBER 31, 2020, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 9,997 MEMBERS. 6870453 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2923 0 1 37 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JEFFREY HASTY 2056542370 5480 MAIN STREET PENNINGTON AL 36916 JOHN R RAMSEY BOARD - VICE CHAIRPERSON 1.00 X 0 0 0 WILLARD E MCDONALD BOARD - MEMBER 1.00 X 0 0 0 JOSEPH M MCILWAIN BOARD - SECRETARY 1.00 X 0 0 0 DR JOSEPH M MOODY BOARD - MEMBER 1.00 X 0 0 0 WILLIAM S ADAMS BOARD - CHAIRPERSON 1.00 X 0 0 0 CORY W MARTIN BOARD - MEMBER 1.00 X 0 0 0 LYNETTE M BARKLEY BOARD - MEMBER 1.00 X 0 0 0 TONY W JACKSON SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 AVIE N LINDSEY SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 MARK JOHNSON CEO 40.00 X 189800 0 58663 JEFFREY HASTY CFO 40.00 X 109400 0 18515 CHARLES MORGAN REYNOLDS COO 40.00 X 97170 0 25422 CHARLES E SINGLETON AREA PRESIDENT 40.00 X 144300 0 23692 JAMES STANFORD SR VP LENDING 40.00 X 122900 0 30641 663570 0 156933 4 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 DATA PROCESSOR 1001947 1 INTEREST ON LOANS TO M 522100 6369998 6369998 FINANCIAL SERVICE FEE 522100 1839034 1811693 27341 INVESTMENT INCOME 522100 273097 273097 8482129 8482129 8454788 27341 0 498970 1441358 154173 238761 136008 34601 40600 167570 54555 188905 19201 317469 31842 9211 76607 191844 MEMBER SHARE DIVIDENDS 1292417 COST OF FINANCIAL SERVI 1285484 PROVISION FOR LOAN LOSS 478000 OTHER OPERATING EXPENSE 145911 66966 6870453 1551480 1630715 98004015 114958453 282310 207542 5635308 2595585 3427149 3039723 14477750 33661748 1278791 1287019 119021495 154785200 1503491 1463601 6869271 2000000 87470857 126630815 95843619 130094416 X 0 0 0 0 23177876 24690784 23177876 24690784 119021495 154785200 X 1611676 -2298 -96470 X X 0 0 0 1183649 1183649 3264406 1569404 1695002 1165967 1004896 161071 21286 21285 1 3039723 CORPORATE CREDIT UNION DEPOSITS 13993870 C FEDERAL HOME LOAN BANK 107400 C CERTIFICATES OF DEPOSIT 7719000 C FEDERAL AGENCIES SECURITIES 11841478 F 33661748 MEMBER SHARES AND CERTIFICATES 126630815 126630815 X 1 1 X X 0 0 0 MARK JOHNSON CEO 166000 0 23800 0 0 0 39620 0 19043 0 248463 0 0 0 CHARLES E SINGLETON AREA PRESIDENT 133300 0 11000 0 0 0 23692 0 0 0 167992 0 0 0 JAMES STANFORD SR VP LENDING 113500 0 9400 0 0 0 30641 0 0 0 153541 0 0 0 PART I, LINE 1A NCU COVERS THE MONTHLY DEMOPOLIS COUNTRY CLUB DUES FOR MARK JOHNSON (CEO), JEFFREY HASTY (CFO), CHARLES SINGLETON (AREA PRESIDENT), AND CHARLES MORGAN REYNOLDS (COO). THE CLUB INVOICES NCU DIRECTLY FOR ALL BUT MR. REYNOLDS, WHO PAYS HIS DUES PERSONALLY AND IS REIMBURSED BY NCU VIA DIRECT DEPOSIT UPON SUBMISSION OF THE MONTHLY INVOICE. PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS USING A COMPENSAITON SURVEY/STUDY FOR GUIDANCE. FORM 990, PART VI, SECTION A, LINE 6 ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE. ORGANIZATIONS, INCORPORATED OR OTHERWISE, COMPOSED FOR THE MOST PART OF THE SAME GENERAL GROUP AS THE CREDIT UNION MEMBERSHIP MAY BE MEMBERS. CREDIT UNION ORGANIZATION SHALL BE LIMITED TO GROUPS, OF BOTH LARGE AND SMALL MEMBERSHIP, HAVING A COMMON BOND OF OCCUPATION OR ASSOCIATION OR TO GROUPS WITHIN A WELL- DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE MEMBERSHIP OF NAHEOLA CREDIT UNION AS OF DECEMBER 31, 2020, WAS OPEN TO ANY CITIZEN, EMPLOYEE, OR CHURCH MEMBER IN CHOCTAW, MARENGO, WASHINGTON, CLARKE, SUMTER, HALE, PERRY, GREENE, MOBILE, ESCAMBIA, OR BALDWIN COUNTY, IN THE STATE OF ALABAMA, AND CONSISTED OF APPROXIMATELY 9,997 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP AT THE ANNUAL MEETING. THE CREDIT UNION'S BYLAWS GOVERN THE ELECTION PROCEDURES. THE TERMS OF THE BOARD OF DIRECTORS, AS SET BY THE BYLAWS, ARE 3 YEARS AND ARE STAGGERED SO THAT AN APPROXIMATE EQUAL NUMBER EXPIRE AT EACH ANNUAL MEETING. PRIOR TO THE ANNUAL MEETING, THE BOARD CHAIRMAN APPOINTS A NOMINATING COMMITTEE TO NOMINATE A CANDIDATE FOR EACH VACANCY. NOMINATIONS MAY ALSO BE MADE BY PETITION. ELECTION BY THE MEMBERSHIP IS PERFORMED THROUGH WRITTEN BALLOTS, UNLESS THERE IS ONLY ONE NOMINEE. ALL ELECTIONS ARE DETERMINED BY A PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: MERGER AND DISSOLUTION DECISIONS, ELECTION AND TERMINATION OF BOARD MEMBERS, ELECTION AND TERMINATION OF SUPERVISORY COMMITTEE MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION EMPLOYEES ARE REQUIRED TO REVIEW THE CREDIT UNION'S CONFLICT OF INTEREST POLICY AND COMPLETE AN ANNUAL CONFLICT OF INTEREST DICLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS ANNUALLY USING A SALARY MATRIX OBTAINED FROM CUNA. THE CEO ALSO USES THIS MATRIX TO DETERMINE THE COMPENSATION FOR ALL OTHER CREDIT UNION EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND IN THE LOBBY OF THE CREDIT UNION. THE CREDIT UNION'S FINANCIAL STATEMENTS CAN BE FOUND ON THE WEBSITE OF THE NCUA AT NCUA.GOV. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME -96,470. FORM 990, PART XII, LINE 2B: ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL CREDIT UNION ADMINISTRATION PERFORM A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS OF MARCH 31 EACH YEAR. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS A SUPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION - (1)MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND (2) ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS' ASSETS. THIS INCLUDES OVERSEEING THE ANNUAL FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR/ACCOUNTANT.