2025-09-22T10:26:44-05:00 2024-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2024-01-01 630421006 GUARDIAN CREDIT UNION GUAR 3342449999 1 GUARDIAN WAY PRATTVILLE AL 36066 HEATH HARRELL CEO 3342449999 2025-09-19 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2025-09-19 2024 2025-03-06 01:10:19Z X HEATH HARRELL 1 GUARDIAN WAY PRATTVILLE AL 36066 106670668 0 X WWW.MYGUARDIANCU.COM X STATE-CHARTERED CREDIT UNION 1958 AL COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 7 7 318 10 1070339 0 0 0 54163869 65056150 2716089 3654928 22952431 25018042 79832389 93729120 332820 389700 0 0 22608066 24642213 0 0 0 46694391 61362740 69635277 86394653 10197112 7334467 1018202202 1052558670 935845298 962171157 82356904 90387513 X COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 0 0 ALABAMA BANKING CODE, SECTION, 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWO-FOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. GUARDIAN CREDIT UNION, AN ALABAMA STATE-CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY MEMBERS/EMPLOYEES AND THEIR RELATIVES OF THE ALABAMA ARMY AND NATIONAL GUARD, MUNICIPAL EMPLOYEES OF THE CITY OF MONTGOMERY, ALABAMA, AND VARIOUS DEPARTMENTS OF THE STATE OF ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND IS OPEN TO ALL INDIVIDUALS WHO WORK, WORSHIP, ATTEND SCHOOL OR RESIDE IN AUTAUGA, BUTLER, CHILTON, COFFEE, COOSA, COVINGTON, CRENSHAW, ELMORE, LEE, LOWNDES, MACON, MONTGOMERY, PIKE, RUSSELL, AND TALLAPOOSA COUNTIES. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICE TO APPROXIMATELY 91,552 MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 0 0 1 1 0 0 1 18467 0 1 318 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 1 1 1 0 1 1 0 0 0 1 1 1 0 X DAN POST 3342449999 1 GUARDIAN WAY PRATTVILLE AL 36066 SCOTT KRAMER CHAIRMAN 1.00 0.00 X X 0 0 0 THERMAN DENNIS VICE CHAIR 1.00 0.00 X X 0 0 0 RICK RONEY TREASURER 1.00 0.00 X X 0 0 0 JAMES HENRY SECRETARY 1.00 0.00 X X 0 0 0 MICHAEL BELCHER DIRECTOR 1.00 0.00 X 0 0 0 PAM NEWMAN DIRECTOR 1.00 0.00 X 0 0 0 GRETA WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 HEATH HARRELL CEO 50.00 1.00 X 612682 0 109489 DANIEL POST CFO 45.00 1.00 X 370792 0 61441 JOSEPH ROBISON CLO 45.00 0.00 X 254715 0 85912 RACHEL STEWART CXO 45.00 1.00 X 202733 0 54528 SCOTT ROSEN CTO 45.00 0.00 X 233844 0 83305 GREG GRAY CSO 45.00 0.00 X 269048 0 53500 MELODIE WRIGHT VP BRANCH OPERATIONS 45.00 0.00 X 191883 0 52518 BLAKE CARTER HOME LOANS OPERATIONS MANA 45.00 0.00 X 139684 0 28735 TOREY HATFIELD VP GUARDIAN INSURANCE SERVICES 45.00 0.00 X 139059 0 26887 J LINDSEY MCDONALD VP HUMAN RESOURCES 45.00 0.00 X 187678 0 37577 JASON SHANKS VP BI 45.00 0.00 X 168692 0 39338 RHONDA BLANCHETTE REGIONAL AVP BRANCHES 45.00 0.00 X 137035 0 28499 2907845 0 661729 30 0 1 0 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 ONLINE BANKING PLATFORM 1041763 ALLIED SOLUTIONS LLC 320 CITY CENTER DRIVE CARMEL IN 46032 FINANCIAL SERVICES 850797 QSI INC 107 SCHULER DRIVE BARDSTOWN KY 40004 ATMS AND ATM PROCESSING 639445 JACK HENRY & ASSOCIATES INC 633 W HIGHWAY 60 MONETT MO 65708 CORE SOFTWARE PROVIDER 530786 FLEX MARKETING 1841 BROADWAY 911 NEW YORK NY 10023 MARKETING CONTENT 404134 35 LOAN INTEREST INCOME 522100 65056150 65056150 65056150 3619866 3619866 12976610 12941548 35062 35062 136109 -101047 SERVICE FEE AND OTHER INCOME 522100 9963759 9963759 INTERCHANGE INCOME 522100 8861334 8861334 COURTESY PAY AND OVERDRAFT CHARGE 522100 6517180 6517180 -324231 -1394570 1070339 25018042 93729120 89139962 1070339 3518819 364700 25000 2636390 17084820 1139609 2406604 1374790 70148 125265 269592 1976755 1471819 5032813 1043951 192212 360310 27624443 1051604 253816 UBI TAX EXPENSE 14444 PROVISION FOR LOAN LOSS 11312773 ATM AND DEBIT CARD EXPE 6806631 LOAN SERVICING 1489768 2266396 86394653 10250111 11875351 44966398 46045562 10435210 10648557 831246153 849086930 2466425 2388926 55814636 8939344 31568079 46875292 63054719 61466275 9090014 8235635 1037468 1037469 14087625 14898673 1018202202 1052558670 17377058 11779892 68000000 15000000 850468240 935391265 935845298 962171157 X 0 0 0 0 82356904 90387513 82356904 90387513 1018202202 1052558670 X 7334467 169930 526212 X X 0 1 X 1 0 3253 0 3253 3253 1 ALABAMA CREDIT UNION LEGISLATIVE ACTION COUNCIL 3692 COOLIDGE CT TALLAHASSEE FL 32311 521681138 3253 PART I-B, LINE 4B: ACULAC IS THE POLITICAL ACTION COMMITTEE FOR THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS, OUR STATE TRADE ASSOCIATION. FUNDS ARE USED TO SUPPORT POLITICAL CANDIDATES AND PARTIES AT THE STATE LEVEL. AMONG THOSE ELIGIBLE TO RECEIVE SUPPORT FROM ACULAC ARE CANDIDATES FOR THE ALABAMA HOUSE OF REPRESENTATIVES, ALABAMA SENATE, GOVERNOR, LT. GOVERNOR, ATTORNEY GENERAL, SECRETARY OF STATE, STATE TREASURER, STATE PARTY COMMITTEES, LEADERSHIP PACS (WHERE APPLICABLE) AND LOCAL RACES. 7069005 7069005 18218735 6258284 11960451 156465 52056 104409 30370431 2629004 27741427 46875292 MEMBERS' SHARE AND SAVINGS ACCOUNTS 935391265 935391265 X 93815725 -14442 -14442 93830167 -101047 -101047 93729120 86481258 101047 101047 86380211 14442 14442 86394653 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM MOST FEDERAL INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES FOR WHICH THE NET TAXABLE INCOME IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. THE CONSOLIDATED SUBSIDIARIES ARE SEPARATE, TAXABLE ENTITIES THAT ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2024 AND 2023, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GIS EXPENSES INCLUED IN REVENUE -14,444. ROUNDING 2. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY -101,047. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY 101,047. PART XII, LINE 4B - OTHER ADJUSTMENTS: GIS EXPENSES INCLUDED IN REVENUE 14,444. ROUNDING -2. 1 AUTAUGA COUNTY SHERIFF'S OFFICE 162 W 4TH ST PRATTVILLE AL 36067 8200 0 SUPPORT AUTAUGA COUNTY SHERIFF'S OFFICE FAULKNER UNIVERSITY 5345 ATLANTA HIGHWAY MONTGOMERY AL 36109 630329409 501(C)(3) 50000 0 SUPPORT FAULKNER UNIVERSITY GUARDIAN CREDIT UNION FOUNDATION 418 MADISON AVE MONTGOMERY AL 36104 934311952 501(C)(3) 121500 0 SUPPORT MISSION OF GUARDIAN CREDIT UNION FOUNDATION LIBERTY LEARNING FOUNDATION 3414 GOVERNORS DRIVE SW SUITE 215 HUNSTVILLE AL 35805 273790888 501(C)(3) 10000 0 SUPPORT MONTGOMERY COUNTY PUBLIC SCHOOLS TROY UNIVERSITY FOUNDATION 5000 VETERANS STADIUM DRIVE TROY AL 36082 636067755 501(C)(3) 165000 0 SUPPORT TROY UNIVERSITY FOUNDATION 6 1 COLLEGE SCHOLARSHIPS 10 25000 PART I, LINE 2: UPON DETERMINING A SCHOLARSHIP RECIPIENT, THE CREDIT UNION WILL MAIL A CHECK DIRECTLY TO THE RECIPIENT'S COLLEGE OR UNIVERSITY. X X X X X 0 1 0 HEATH HARRELL CEO 540982 0 71700 0 0 0 74885 0 34604 0 722171 0 0 0 DANIEL POST CFO 245667 0 25125 0 100000 0 27079 0 34362 0 432233 0 0 0 JOSEPH ROBISON CLO 229215 0 25500 0 0 0 51559 0 34353 0 340627 0 0 0 GREG GRAY CSO 269048 0 0 0 0 0 18896 0 34604 0 322548 0 0 0 SCOTT ROSEN CTO 211265 0 22579 0 0 0 49471 0 33834 0 317149 0 0 0 RACHEL STEWART CXO 182358 0 20375 0 0 0 20273 0 34255 0 257261 0 0 0 MELODIE WRIGHT VP BRANCH OPERATIONS 169108 0 22775 0 0 0 19188 0 33330 0 244401 0 0 0 J LINDSEY MCDONALD VP HUMAN RESOURCES 169053 0 18625 0 0 0 11261 0 26316 0 225255 0 0 0 JASON SHANKS VP BI 163692 0 5000 0 0 0 6041 0 33297 0 208030 0 0 0 BLAKE CARTER HOME LOANS OPERATIONS MANA 100125 0 39559 0 0 0 14331 0 14404 0 168419 0 0 0 TOREY HATFIELD VP GUARDIAN INSURANCE SERVICES 126777 0 12282 0 0 0 14225 0 12662 0 165946 0 0 0 RHONDA BLANCHETTE REGIONAL AVP BRANCHES 130418 0 6617 0 0 0 13937 0 14562 0 165534 0 0 0 PART I, LINE 4B IN 2016, THE CREDIT UNION ENTERED INTO A SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT WITH HEATH HARRELL, CEO. THE PREMIUMS ON THE POLICY WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE CEO AND EVP. INTEREST ACCRUES TO THE LOANS MONTHLY. IN 2021, THE CREDIT UNION ENTERED INTO A SECURED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT WITH HEATH HARRELL, CEO. THE PREMIUMS ON THE POLICIES WERE FUNDED BY THE CREDIT UNION THROUGH LOANS TO THE CEO AND EVP. INTEREST ACCRUES TO THE LOANS MONTHLY. THE CREDIT UNION HAS SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION ARRANGEMENTS WITH HEATH HARRELL, BECKY LEE, JOSEPH ROBISON, AND SCOTT ROSEN. THE PLANS ARE DESIGNED TO PROVIDE CASH BENEFITS UPON SPECIFIC VESTING SCHEDULES. HEATH HARRELL CEO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 818714 818714 0 1 1 HEATH HARRELL CEO TO PAY THE PREMIUMS OF COLLATERAL ASSIGNMENT SPLIT-DOLLAR LIFE INSURANCE X 9829843 9829843 0 1 1 10648557 HAYES STREET CONSULTING LLC OWNED BY NIKITA MCCLAIN, FORMER CHIEF PEOPLE OFFICER 74708 HR CONSULTING SERVICES 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO UPDATE THE FIELD OF MEMBERSHIP, INCLUDING THE ADDITION OF TWO COUNTIES AND REVISIONS TO MEMBERSHIP CATEGORY NAMES. FORM 990, PART VI, SECTION A, LINE 6 GUARDIAN CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GUARDIAN CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THE ANNUAL MEMBERSHIP MEETING. THE BOARD OF DIRECTORS IS MADE UP OF SEVEN BOARD MEMBERS AND THE TERM FOR EACH BOARD MEMBER IS THREE YEARS. THE NOMINATING COMMITTEE WILL NOMINATE MEMBERS FOR OPEN BOARD POSITIONS OR MEMBERS MAY PLACE A NAME ON THEIR VOTING BALLOT BY PETITION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO THE APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD OR COMMITTEE MEMBERS, EXPULSION OF CREDIT UNION MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE CFO AND CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE CREDIT UNION REQUIRES THE BOARD AND SUPERVISORY COMMITTEE TO DISCLOUSRE CONFLICTS OF INTERESTS ANNUALLY FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO'S SALARY ON AN ANNUAL BASIS. THE COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO WHILE TAKING INTO ACCOUNT THE OVERALL PERFORMANCE OF THE CREDIT UNION. ADDITIONALLY, THE COMMITTEE USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH BALANCED COMP DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. THE BOARD OF DIRECTORS APPROVES THE CEO'S SALARY. COMPENSATION FOR OTHER OFFICERS, KEY EMPLOYEES, AND MANAGEMENT IS DETERMINED ON A YEARLY BASIS BY THE CEO. THE CEO USES SIMILAR SALARY SURVEY DATA WHILE TAKING INTO CONSIDERATION THE TYPE OF WORK PERFORMED, SUPERVISOR PERFORMANCE EVALUATIONS, AND THE OVERALL PERFORMANCE OF THE CREDIT UNION. 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: ACTUARIAL UNREALIZED LOSS ON DEFINED BENEFIT PENSION PLAN 526,212. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING THE CREDIT UNION HAS A SUPERVISORY COMMITTEE WHO IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. G ADVERTISING LLC 1789 CONG WL DICKINSON DRIVE MONTGOMERY AL 36109 473988987 ADVERTISING AGENCY SERVICES AL 0 0 GUARDIAN CREDIT UNION GUARDIAN INSURANCE SERVICES 418 MADISON AVE MONTGOMERY AL 36104 833524224 PROVIDE INSURANCE SERVICES TO MEMBERS AL 433500 1039934 GUARDIAN CREDIT UNION GUARDIAN CREDIT UNION FOUNDATION 418 MADISON AVE MONTGOMERY AL 36104 934311952 CHARITABLE AND EDUCATIONAL AL 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GUARDIAN CREDIT UNION FOUNDATION B 121500 CASH PAID