2020-10-09T14:51:12-05:00 2019-12-31 461498870 BMSS LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2019-01-01 630333902 CREDIT UNIONS IN THE STATE OF AL LISTERHILL CREDIT UNION CRED 2563839204 PO BOX 566 SHEFFIELD AL 356600566 BRAD GREEN CEO/PRESIDENT 2563839204 2020-10-07 1 D SCOTT STEVENS CPA P00362431 2059825500 24.196.6.133 2020-10-07 10:23:35 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A21FA6CFF55F76B4386979F8C067D8E81ADFA9A7 2019 2021-04-22 16:20:28Z BRAD GREEN PO BOX 566 SHEFFIELD AL 356600566 55438140 0 X WWW.LISTERHILL.COM X 1952 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 7 7 291 10 59433 0 0 0 32022510 33448933 1680577 2758441 17258513 17280416 50961600 53487790 15000 7500 0 0 18099221 18457179 0 0 0 30087560 31314419 48201781 49779098 2759819 3708692 790038024 876028871 715728841 800767452 74309183 75261419 X LISTERHILL CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO IMPROVE THE QUALITY OF LIFE FOR THE MEMBERSHIP BY PROVIDING COST EFFECTIVE SERVICES TO MEET THEIR FINANCIAL NEEDS WHILE MAINTAINING FINANCIAL SOUNDNESS AND PROMOTING THE CREDIT UNION PHILOSOPHY. 0 0 93,548 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 29569 0 1 291 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 0 1 1 1 1 1 1 1 1 0 X CARLA HARPER 2563839204 4790 EAST SECOND STREET MUSCLE SHOALS AL 35661 ALEX GODWIN DIRECTOR 1.00 X 0 0 0 LARRY HESTER CHAIRPERSON 1.00 X 0 0 0 OTIS DICKERSON VICE CHAIRPERSON 1.00 X 0 0 0 MARK MASSEY DIRECTOR 1.00 X 0 0 0 MARK LINDER DIRECTOR 1.00 X 0 0 0 FRANKLIN BROWN DIRECTOR 1.00 X 0 0 0 BOB LITTLE SECRETARY/TREASURER 1.00 X 0 0 0 BRAD GREEN CEO/PRESIDENT 40.00 X 397953 0 69727 CLAY MORGAN CHIEF OF STAFF OPERATIONS 40.00 X 218544 0 56462 DARYL MCMINN COO 40.00 X 184829 0 51861 JOYCE BATES VP OF ADMINISTRATION 40.00 X 140177 0 36510 CAROLYN CONWAY CHIEF RISK OFFICER 40.00 X 112693 0 24250 JOHNATHAN GRAY CHIEF INFORMATION OFFICER 40.00 X 157064 0 24374 CARLA HARPER CFO 40.00 X 131147 0 20495 ALANNA SULLIVAN CHIEF PEOPLE OFFICER 40.00 X 130365 0 20368 ANDREW CLARK FINANCIAL SERVICES 40.00 X 219056 0 56354 WILBURN F LINDSEY BUSINESS SERVICE OPERATION 40.00 X 107236 0 37542 JAMES KYLE DICKSON VP OF RISK AND COMPLIANCE 40.00 X 105711 0 40320 HEATHER SWANN VP OF PEOPLE OPS 40.00 X 102774 0 39810 2007549 0 478073 12 0 1 0 BANCSOURCE 3130 S DELAWARE SPRINGFIELD MO 65804 EQUIPMENT MAINTENANCE 1584347 JACK HENRY & ASSOCIATES 663 W HWY 60 MONETT MO 65708 CORE PROCESSOR 490740 DIAMOND COMMUNICATION SOLUTIONS 1145 SANCTUARY PARKWAY ALPHARETTA GA 30009 MEMBER STATEMENTS 434465 AT&T PO BOX 13148 NEWARK NJ 071015648 TELEPHONE 410952 TERAFINA 2430 CAMINO RAMON SAN RAMON CA 94583 ONLINE ACCOUNT OPERATING 294400 22 LOAN INTEREST INCOME 522130 33448933 33448933 33448933 2841334 2841334 162997 162997 500 0 500 500 500 1867457 1950350 -82893 -82893 -82893 CHECKING ACCOUNT FEES 522130 6503805 6503805 CREDIT CARD AND INTERCHANGE FEES 522130 5861380 5861380 ACCOUNT FEES AND CHARGES INCOME 522130 4028353 4028353 723381 663948 59433 17116919 53487790 50506419 59433 2921938 7500 1776819 11493436 4244336 942588 50436 281157 278999 1339029 983433 123516 1038796 72461 15109 7761217 1983945 241991 PROVISION FOR LOAN LOSS 4415000 DATA PROCESSING 4009978 OTHER OPERATING EXPENSE 3835086 REPAIRS AND MAINTENANCE 1579865 3304401 49779098 24229185 27935426 18560817 95062484 285198 331035 1878765 10584563 636870925 632035660 10196612 9398715 43828886 21502617 18827940 22326269 65490739 61426867 2210207 6021436 11487636 10906416 790038024 876028871 6215849 4438040 709512992 796329412 715728841 800767452 X 0 0 0 0 74309183 75261419 74309183 75261419 790038024 876028871 X 3708692 617966 -3374422 X X 0 0 0 5257373 5257373 21529215 7586895 13942320 319002 314278 4724 16723296 13601444 3121852 22326269 ESCROW SHARES 556088 MEMBER DEPOSITS 795773324 796329412 1 HIGHER EDUCATION 2 7500 PART I, LINE 2: ORGANIZATION MAKES PAYMENTS DIRECTLY TO HIGHER EDUCATIONAL INSTITUTIONS LOCATED IN THE UNITED STATES. X X 0 1 0 BRAD GREEN CEO/PRESIDENT 397953 0 0 0 0 0 44447 0 25280 0 467680 0 0 0 CLAY MORGAN CHIEF OF STAFF OPERATIONS 218544 0 0 0 0 0 31182 0 25280 0 275006 0 0 0 DARYL MCMINN COO 184829 0 0 0 0 0 26598 0 25263 0 236690 0 0 0 JOYCE BATES VP OF ADMINISTRATION 140177 0 0 0 0 0 20377 0 16133 0 176687 0 0 0 JOHNATHAN GRAY CHIEF INFORMATION OFFICER 157064 0 0 0 0 0 22758 0 1616 0 181438 0 0 0 CARLA HARPER CFO 131147 0 0 0 0 0 18991 0 1504 0 151642 0 0 0 ALANNA SULLIVAN CHIEF PEOPLE OFFICER 130365 0 0 0 0 0 18868 0 1500 0 150733 0 0 0 ANDREW CLARK FINANCIAL SERVICES 219056 0 0 0 0 0 31552 0 24802 0 275410 0 0 0 PART I LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN THE NONQUALIFIED RETIREMENT PLAN: BRAD GREEN CAROLYN CONWAY CLAY MORGAN DARYL MCMINN BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 4639568 4639568 0 1 1 CLAY MORGAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 967596 967596 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 504399 504399 0 1 1 ALANNA SULLIVAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 872000 872000 0 1 1 CARLA HARPER OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 586000 586000 0 1 1 JOYCE BATES OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 1390000 1390000 0 1 1 JONATHAN GRAY OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 1625000 1625000 0 1 1 10584563 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORK, OR ATTEND SCHOOL IN COLBERT, CULLMAN, FAYETTE, FRANKLIN, LAMAR, LAUDERDALE, LAWRENCE, LIMESTONE, MARION, MORGAN, WALKER, OR WINSTON COUNTIES IN NORTH ALABAMA OR MAURY COUNTY IN TENNESSEE. A PERSON CAN ALSO BECOME A MEMBER IF THEY ARE RELATED TO A CURRENT MEMBER OR IF THEY WORK FOR A MEMBER COMPANY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 10B WHILE THE CREDIT UNION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE BRANCHES, ALL BRANCHES ARE HELD ACCOUNTABLE TO THE SAME POLICIES AS THE MAIN BRANCH. 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 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 AND 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 AND 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. INDEPENDENTLY PREPARED REGIONAL SALARY SURVEYS ARE AVAILABLE FOR USE BY THE BOARD IN THE COMPENSATION DETERMINATION 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: PENSION ADJUSTMENT (OCI) -3,374,422. FORM 990, PART XII LINE 2 ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION'S SEPTEMBER 30TH FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2019 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL 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 LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2019 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). LISTERHILL CREDIT UNION SERVICES INC PO BOX 566 SHEFFIELD AL 35660 201572421 CREDIT UNION SERVICES AL N/A C -2445 27089 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0