2020-11-17T13:23:32-06:00 2019-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2019-01-01 580905515 THE SOUTHERN CREDIT UNION SOUT 7704603267 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 JIM PHILLIPS CHIEF FINANCIAL OFFICER 7704603216 2020-11-16 1 MARY JO ALEXANDER P00002534 7709558600 2020-11-16 50.192.51.169 2020-11-16 14:13:19 ES P 1D80EF4C2A8753E0332C9BC6492B45673CE6356A 40EFD6C15DAA5FDA575BE62F01DD4FED009120DB 2019 2022-01-07 14:23:13Z RAY HULL 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 18186388 0 X WWW.SOUTHERNONLINE.ORG X STATE-CHARTERED CREDIT UNION 1963 GA AS A STATE-CHARTERED CREDIT UNION, WE PROVIDE THRIFT SAVINGS, LOANS AND OTHER FINANCIAL SERVICES TO OUR MEMBERS. 7 6 96 2 83125 -113914 0 0 13339024 14563157 3146329 3528416 316548 93360 16801901 18184933 0 0 0 0 7253146 7877949 0 0 0 7170341 7963219 14423487 15841168 2378414 2343765 392126405 406672797 352629924 362516965 39496481 44155832 OUR MISSION IS TO ENHANCE THE LIVES OF THE MEMBERS WE SERVE BY HELPING MAKE THEIR FINANCIAL GOALS A REALITY. 0 0 PROVIDE THRIFT SAVINGS, LOANS, AND OTHER FINANCIAL SERVICES TO MEMBERS, AS A STATE-CHARTERED CREDIT UNION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7053 0 1 96 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X JIM PHILLIPS 7707191111 430 E LANIER AVE FAYETTEVILLE GA 30214 MORRIS KELLY CHAIRMAN 2.00 X X 11400 0 0 WILTON MARCHMAN VICE CHAIR 2.00 X X 11400 0 0 ROBERT MATTHEWS DIRECTOR 1.50 X 11400 0 0 RANDY HOBBS DIRECTOR 1.50 X 11400 0 0 MICHAEL FORAN DIRECTOR 1.50 X 11400 0 0 JOHN RICK HALBERT SECRETARY 1.50 X X 11400 0 0 RAY HULL CEO/TREASURER 40.00 X X 485913 0 291664 JIM PHILLIPS CFO 40.00 X 295552 0 129829 TRISHA SHERPY EXECUTIVE VICE PRESIDENT 40.00 X 295681 0 129976 JAMES RICHARDS VP OF MORTGAGES 40.00 X 197168 0 49772 SAMUEL POSEY CIO 40.00 X 176579 0 28414 BARRY GRIFFIN VP OF BRANCH SERVICES 40.00 X 149410 0 45196 JOHN PURDY CHIEF LENDING OFFICER 40.00 X 157016 0 16192 KEITH SALTZMAN SENIOR DATA ANALYST 40.00 X 138792 0 22401 MICHAEL LEAR FORMER CHIEF MARKETING OFFICER 40.00 X 161565 0 19741 RYAN EDGE FORMER REGIONAL VICE PRESIDENT 40.00 X 143587 0 12546 2269663 0 745731 11 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CARD AND CORE PROCESSING 1091487 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 HOMEBANKING 649895 BITDIAMOND COMMUNICATIONS SOLUTIONS 710 SW 34TH STREET RENTON WA 98057 STATEMENT PROCESSOR 209318 DIEBOLDNIXDORF 5995 MAYFAIR ROAD NORTH CANTON OH 44720 ATM AND ATM SERVICES 162353 4 INTEREST ON LOANS 522100 8929827 8929827 FEES & OTHER OPERATING INCOME 522100 5633330 5550205 83125 14563157 3478146 3478146 93360 93360 51725 747 708 -747 51017 50270 50270 18184933 14480032 83125 3621776 2148946 4481207 460859 388283 398654 31645 114761 49476 325132 306900 1439940 14091 658719 142151 3670 14353 781020 119716 LOAN SERVICING 1222214 DIVIDENDS AND INTEREST 955955 PROVISION FOR LOAN LOSS 742988 INTERNET BANKING EXPENS 642864 397624 15841168 X 4200408 6201883 79797591 88878507 7795527 7819399 193886792 204132437 24298175 9669643 14363675 14628532 76953296 69189534 354286 360586 14774830 15461919 392126405 406672797 5399351 5740687 347230573 356776278 352629924 362516965 X 0 0 0 0 39496481 44155832 39496481 44155832 392126405 406672797 2343765 2315586 0 X 0 1 X 0 0 4279334 4279334 13032600 3864972 9167628 326633 322421 4212 6659608 5482250 1177358 14628532 SHARES AND DEPOSITS 356776278 356776278 20500519 2315586 2315586 18184933 0 18184933 15841168 0 15841168 0 15841168 X 1 1 X X X 0 1 0 RAY HULL CEO/TREASURER 394329 0 90000 0 1584 0 280201 0 11463 0 777577 0 0 0 JIM PHILLIPS CFO 250000 0 45000 0 552 0 120787 0 9042 0 425381 0 0 0 TRISHA SHERPY EXECUTIVE VICE PRESIDENT 250321 0 45000 0 360 0 120787 0 9189 0 425657 0 0 0 JAMES RICHARDS VP OF MORTGAGES 185428 0 11500 0 240 0 19150 0 30622 0 246940 0 0 0 SAMUEL POSEY CIO 169027 0 7000 0 552 0 17500 0 10914 0 204993 0 0 0 BARRY GRIFFIN VP OF BRANCH SERVICES 140128 0 8250 0 1032 0 16075 0 29121 0 194606 0 0 0 JOHN PURDY CHIEF LENDING OFFICER 146125 0 10675 0 216 0 14817 0 1375 0 173208 0 0 0 KEITH SALTZMAN SENIOR DATA ANALYST 132840 0 5400 0 552 0 13500 0 8901 0 161193 0 0 0 MICHAEL LEAR FORMER CHIEF MARKETING OFFICER 131450 0 0 0 30115 0 11042 0 8699 0 181306 0 0 0 RYAN EDGE FORMER REGIONAL VICE PRESIDENT 138677 0 4550 0 360 0 8841 0 3705 0 156133 0 0 0 PART I, LINE 1A BOARD SPOUSES ATTENDED ANNUAL PLANNING SESSION PART I, LINE 4B CONTRIBUTIONS WERE MADE DURING 2019 TO THE 457F RETIREMENT PLAN, BY THE SOUTHERN CREDIT UNION ON BEHALF OF THE FOLLOWING EMPLOYEES: RAY HULL, PRESIDENT & CEO $252,201 TRISHA SHERPY, EXECUTIVE VICE PRESIDENT 95,617 JIM PHILLIPS, CFO 95,617 RAY HULL PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 2000000 2476016 0 1 1 TRISHA SHERPY EXECUTIVE VICE PRESIDENT SPLIT-DOLLAR LIFE INSURANCE X 3061018 3351040 0 1 1 JIM PHILLIPS CHIEF FINANCIAL OFFICER SPLIT-DOLLAR LIFE INSURANCE X 1893295 1992343 0 1 1 7819399 FORM 990, PART VI, SECTION A, LINE 6 ALL QUALIFIED PERSONS WITH A PAR VALUE SHARE ACCOUNT ARE MEMBERS. DURING THIS REPORTING YEAR THERE WERE APPROXIMATELY 32,947 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B RETURN WILL BE PRESENTED TO THE BOARD OF DIRECTORS BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND OFFICERS ARE PROVIDED A CONFLICT OF INTEREST POLICY THAT INSTRUCTS THEM ON WHO TO CONTACT WITH ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT COMPENSATION PACKAGES ARE APPROVED BY THE BOARD OF DIRECTORS. KEY AND OTHER EMPLOYEES ARE SET BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS ARE DISPLAYED IN CREDIT UNION BRANCH LOCATIONS AND AT THE ANNUAL MEMBER MEETING WITH THE ANNUAL REPORT. FORM 990 PART X THERE ARE NO UNCERTAIN TAX LIABILITIES REPORTED UNDER FIN 48(ASC 740-10).