2020-11-09T14:14:03-06:00 2019-12-31 454084437 WARREN AVERETT LLC 316 SOUTH BAYLEN ST SUITE 300 PENSACOLA FL 32502 990 2019-01-01 630207455 LANDMARK CREDIT UNION LAND 2057839100 5705 VALLEY ROAD FAIRFIELD AL 35064 DOW HILL PRESIDENT/CEO 2057839100 2020-11-06 1 CLAIRE C DUREN CPA P01577924 8504357400 2020-11-06 209.136.244.2 2020-11-06 08:35:08 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4E6DC21914383819C2908E49415BCAC36877079F 2019 2021-04-22 16:20:28Z DOW HILL 5705 VALLEY ROAD FAIRFIELD AL 35064 2357254 0 X WWW.LANDMARKCU.NET X STATE-CHARTERED CREDIT UNION 1928 AL TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS. 8 8 18 8 21411 -6105 0 0 2175518 2123791 131971 145339 30241 39155 2337730 2308285 0 0 0 0 972925 1064330 0 0 0 1383406 1467039 2356331 2531369 -18601 -223084 39537076 39566897 34757937 34741135 4779139 4825762 X LANDMARK CREDIT UNION IS AN ALABAMA STATE-CHARTERED CREDIT UNION ESTABLISHED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. LANDMARK SERVES MEMBERS WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION PROVIDES SERVICES TO APPROXIMATELY 3,100 MEMBERS. 0 0 IN EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, LANDMARK PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS. TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, LANDMARK PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 620 0 1 18 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DOW HILL 2057839100 5705 VALLEY ROAD FAIRFIELD AL 35064 CARL KANTOR SECRETARY 0.50 X X 0 0 0 HAL FERRELL DIRECTOR 0.50 X 0 0 0 HENRY PIASKY CHAIRMAN 0.50 X X 0 0 0 GREGG CRABB DIRECTOR 0.50 X 0 0 0 TIM BAILEY DIRECTOR 0.50 X 0 0 0 DOW HILL PRESIDENT/CEO 50.00 X 145250 0 72390 DEB RACKARD VP/COO 50.00 X 89580 0 13744 RON CHATHAM VP LENDING 50.00 X 73000 0 12606 307830 0 98740 1 0 1 0 FISERV PO BOX 979 BROOKFIELD WI 530080979 DEBIT CARD PROCESSOR 376212 1 LOAN INTEREST INCOME 522100 1614222 1614222 FINANCIAL SERVICE FEES 522100 488158 488158 ATM FOREIGN FEE INCOME 522100 21411 21411 2123791 145308 145308 49000 48969 31 31 31 GAIN ON OREO 522100 38310 38310 GAIN ON REPOS 522100 845 845 39155 2308285 2102380 21411 184494 406569 428147 175433 54181 8913 50114 82906 39250 174909 170806 157685 9647 47955 294275 83539 39565 DEBIT CARD EXPENSES 137153 SHARED BRANCHING EXPENS 55541 COLLECTIONS EXPENSE 54823 MEMBER SERVICES 16784 43174 2531369 353259 1155834 2835296 3077319 27186490 26829730 689593 692989 2299871 770975 1506232 1528896 6295905 5253473 670301 1028656 39537076 39566897 173065 186706 110103 113881 34474769 34440548 34757937 34741135 X 0 0 0 0 4779139 4825762 4779139 4825762 39537076 39566897 X -223084 184375 85332 X X 0 1 X 1 0 0 1 X 550000 550000 1261223 593112 668111 38656 38656 0 449992 139207 310785 1528896 MEMBER DEPOSITS 34440548 34440548 X PART IV, LINE 2B: THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION. PART X, LINE 2: AS OF MARCH 31, 2020, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2017. X X X X 0 0 0 DOW HILL PRESIDENT/CEO 145250 0 0 0 0 0 59784 0 12606 0 217640 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS 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 THREE YEARS AND ARE STAGGERED SO THAT AN 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: ELECTION & TERMINATION OF BOARD MEMBERS AND SUPERVISORY COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, CONVERSION FROM STATE TO FEDERAL CHARTER, AND MERGER DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD OF DIRECTORS PERFORM A REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT REGULARLY REVIEWS OFFICIALS AND EMPLOYEE ACCOUNTS FOR UNUSUAL ACTIVITY AND CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION. THE CEO APPROVES ALL OTHER EMPLOYEE COMPENSATION. SALARY SURVEYS AND PERFORMANCE EVALUATIONS ARE USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE ALSO PROVIDED AT THE ANNUAL MEMBERSHIP MEETING HELD IN MARCH EACH YEAR. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 85,332. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2B THE CREDIT UNION RECEIVES AN ANNUAL FINANCIAL STATEMENT OPINION AUDIT FROM LICENSED AUDITORS. HOWEVER, THE AUDIT PERIOD IS FROM APRIL 1ST THROUGH MARCH 31ST. THE MOST RECENT AUDITED FINANCIAL STATEMENTS ARE AS OF MARCH 31, 2020. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C THE CREDIT UNION HAS A SUPERVISORY COMMITTEE WHICH CONSISTS OF THREE MEMBER VOLUNTEERS. THIS COMMITTEE ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT PERFORMING THE AUDIT.