2019-05-14T10:51:47-05:00 2018-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2018-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 STEPHEN CARRICO SENIOR VICE PRESIDENT 2707968500 2019-05-13 1 MICHAEL P COOK P01398822 5024269660 174.47.177.202 2019-05-13 10:31:02 ED P 411E1ED253033EAE7CAFF0B2DE7F15D225F4FA64 CE7AB22A8AA8BB8FD2D7F6165350DDDE7836A4D9 2018 2019-02-21 02:37:17Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 20504677 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO PROVIDE THE BEST CONTEMPORARY FINANCIAL SERVICES TO MEET THE CHANGING NEEDS OF A DYNAMIC AND DIVERSE MEMBERSHIP. 7 7 72 14 12954 -494 0 0 5418883 5992707 503316 573303 2903810 2827667 8826009 9393677 0 30000 0 0 3004130 3136379 0 0 0 3884134 4598080 6888264 7764459 1937745 1629218 158001956 160954947 139558095 140807900 18443861 20147047 THE MISSION OF SERVICE ONE CREDIT UNION IS TO PROVIDE THE BEST CONTEMPORARY FINANCIAL SERVICES TO MEET THE CHANGING NEEDS OF A DYNAMIC AND DIVERSE MEMBERSHIP. 0 0 7764459 9380723 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 7764459 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 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 1 3807 0 1 72 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X STEPHEN CARRICO 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 MICHAEL HARRISON BOARD MEMBER 1.00 X 0 0 0 JAMES MCCASLIN SECRETARY/TREASURER 1.00 X X 0 0 0 HAROLD LITTLE CHAIR 1.00 X X 0 0 0 RICHARD L MILLER BOARD MEMBER 1.00 X 0 0 0 CAROL GLASER BOARD MEMBER 1.00 X 0 0 0 BRENDA WILLOUGHBY BOARD MEMBER 1.00 X 0 0 0 PAT STEWART VICE-CHAIR/SUPERVISORY COMMITTE 1.00 X X 0 0 0 STEPHEN CARRICO SENIOR VP AND COO 40.00 X 79618 0 77120 ANTHONY SEAN MOORE VP OF IS AND TECHNOLOGY 40.00 X 68667 0 37525 REBECCA STONE PRESIDENT AND CEO 40.00 X 121431 0 51113 MARK FLOYD VP OF LENDING 40.00 X 88209 0 34705 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPERATING OFFICER 40.00 X 49216 0 3872 MICHELLE DYER VP HUMAN RESOURCES 40.00 X 56899 0 22472 JUSTIN MORRIS VP ENTERPRISE RISK MANAGEMENT 40.00 X 53744 0 17978 517784 0 244785 1 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 649053 NEXT STEP INTERNATIONAL 6000 METROWEST BLVD STE 107 ORLANDO FL 32835 FINANCIAL CONSULTING 173872 SHARE ONE INC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 COMPUTER CORE PROCESSING 167553 JOHN M FLOYD & ASSOCIATES 125 N BURNETT DR BAYTOWN TX 77520 CONSULTING 102044 4 INTEREST INCOME ON LOANS TO MEMBE 522130 5992707 5992707 5992707 573303 573303 11111000 11111000 0 NSF AND ODP FEES 522100 1063546 1063546 VISA CHECK FEES 522100 712234 712234 DELINQUENT FEES 522100 122298 122298 929589 916635 12954 2827667 9393677 9380723 12954 0 30000 762569 1813059 94847 279639 186265 367401 36614 85711 440037 273902 339079 518 97066 818955 274294 32118 DEBIT CARD OPERATIONS 540296 PROVISION FOR LOAN AND 398743 CREDIT CARD OPERATIONS 223979 STUDENT LOAN FEES 96900 572467 7764459 4528076 6148577 12895499 9358312 105270302 113685509 532885 308422 377437 359750 8799002 4522183 4387726 4276819 22307853 17333142 8235063 8951531 158001956 160954947 1472252 1214241 259768 235081 5000000 137826075 134358578 139558095 140807900 X 0 0 2152518 2152518 16291343 17994529 18443861 20147047 158001956 160954947 X 1629218 73968 X 0 0 0 0 1 X 624407 624407 5493892 2231998 3261894 2680703 2290185 390518 4276819 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 2475180 F GSE AGENCY BONDS 8934075 F VISA CLASS B STOCK 584758 F COMPANY OWNED LIFE INSURANCE 2806960 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 843100 C CHARITABLE DONATION INVESTMENTS 789069 C 17333142 NCUSIF DEPOSIT 1343039 PLAN 457(B) DEPOSIT 65253 PLAN 457(F) DEPOSITS 5913167 COMPENSATING BANK BALANCE 150000 OTHER RECEIVABLES 662454 MISCELLANEOUS ASSETS 817618 8951531 MEMBER SHARE DEPOSITS 56480814 MEMBER SHARE DRAFTS 43956600 MEMBER SHARE CERTIFICATES 33921164 134358578 PART IV, LINE 2B: THE CREDIT UNION COLLECTS FUNDS FROM ITS MORTGAGE LOAN BORROWERS AND HOLDS THE FUNDS IN ESCROW TO PAY THE BORROWERS REAL ESTATE TAXES AND PROPERTY INSURANCE PREMIUMS. 1 WESTERN KENTUCKY UNIVERSITY FOUNDATION 292 ALUMNI AVENUE 305 BOWLING GREEN KY 42101 611251555 501(C)(3) 30000 CASH DONATION - FMV INTERNSHIP PROGRAMS, THEATRE DEPARTMENT, AND VARIOUS OTHER UNIVERSITY PROJECTS. 1 0 PART I, LINE 2 SERVICE ONE CREDIT UNION GRANTED $30,000 TO THE WESTERN KENTUCKY UNIVERSITY FOUNDATION ON MAY 31, 2018 FOR THE BENEFIT OF VARIOUS PROGRAMS AND ACTIVITIES THROUGH WESTERN KENTUCKY UNIVERSITY. X 0 1 0 STEPHEN CARRICO SENIOR VP AND COO 76918 0 2700 0 0 0 65347 0 11773 0 156738 0 0 0 REBECCA STONE PRESIDENT AND CEO 121431 0 0 0 0 0 44687 0 6426 0 172544 0 0 0 RICHARD L MILLER BOARD MEMBER AUTO LOAN X 32115 15394 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 28 0 1 1 ANTHONY S MOORE VICE PRESIDENT OF INFORMATION TECHNOLOGY CREDIT CARD X 0 8456 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 50302 0 1 1 MICHAEL L HARRISON SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 124000 109437 0 1 1 BRENDA M WILLOUGHBY BOARD MEMBER CREDIT CARD X 0 5000 0 1 1 JOSEPH P STEWART BOARD MEMBER AUTO LOAN - NEW X 7546 2565 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 142000 135627 0 1 1 HAROLD LITTLE JR BOARD MEMBER SHARE SECURED LOAN X 11000 9116 0 1 1 MARK ROSS SUPERVISORY COMMITTEE MEMBER AUTO LOAN X 5557 1873 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 39800 39800 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER AUTO LOAN X 21214 19725 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER CREDIT CARD X 0 1337 0 1 1 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPERATIONS OFFICER RESIDENTIAL MORTGAGE X 180000 179803 0 1 1 REBECCA STONE PRESIDENT/CEO RESIDENTIAL MORTGAGE X 261250 260736 0 1 1 REBECCA STONE PRESIDENT/CEO CREDIT CARD X 0 1485 0 1 1 BROOK JUSTICE SUPERVISORY COMMITTEE MEMBER CREDIT CARD X 0 623 0 1 1 841307 FORM 990, PART VI, SECTION A, LINE 6 SERVICE ONE CREDIT UNION IS A NONPROFIT COOPERATIVE ORGANIZED UNDER THE LAWS OF THE STATE OF KENTUCKY AND HAD APPROXIMATELY 15,750 MEMBERS AS OF DECEMBER 2018. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE BOARD OF DIRECTORS IS NOMINATED FOR ELECTION TO A THREE YEAR TERM BY THE MEMBERS PRESENT AT THE ANNUAL MEETING HELD IN APRIL OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ANY MEMBER OF THE CREDIT UNION MAY ATTEND THE ANNUAL MEMBERS MEETING TO PRESENT ANY ITEM OF BUSINESS FOR CONSIDERATION FOR THE ENTIRE MEMBERSHIP INCLUDING A VOTE TO REVERSE PRIOR DECISIONS MADE BY THE GOVERNING BODY UPON OBTAINING A MAJORITY VOTE TO DO SO. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT PDF COPY OF THE FORM 990 IS EMAILED TO THE PRESIDENT/CEO TO REVIEW PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE CREDIT UNION ARE REQUIRED ANNUALLY TO DISCLOSE IN WRITING ON FORMS THAT THEY ARE NOT ENGAGED IN ANY RELATIONSHIPS CONSTITUTING A CONFLICT OF INTEREST WITH THE CREDIT UNION'S BUSINESS, WHICH FORMS ARE MAINTAINED WITH THE ADMINISTRATIVE ASSISTANT, AND ARE MONITORED ON AN ONGOING BASIS BY THE SECURITY OFFICER. IF AND WHEN A CONFLICT DOES ARISE IT IS BROUGHT TO THE ATTENTION OF THE CEO AND BOARD OF DIRECTORS. THE SECURITY OFFICER BRINGS THE EXCEPTIONS TO THE ATTENTION OF STATE AND FEDERAL EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE AND SALARY OF THE CEO ANNUALLY. THE BOARD ASSESSES THE PERFORMANCE AGAINST TARGETS ESTABLISHED IN THE PREVIOUS YEAR TO DETERMINE THE EXTENT TO WHICH GOALS WERE MET. FOR OTHER MANAGEMENT EMPLOYEES THE CREDIT UNION USES THE SERVICES OF AN EMPLOYMENT SPECIALIST TO DETERMINE PAY RANGES FOR EACH JOB POSITION. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED BY SUPERVISORS OF EACH EMPLOYEE TO DETERMINE THE EXTENT TO WHICH GOALS HAVE BEEN MET. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND THE CREDIT UNION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AS ARE ALL OTHER PUBLICLY AVAILABLE DOCUMENTS. FORM 990, PART XI, LINE 9: FORM 990, PART XI, LINE 9 - CHANGES IN THE BALANCE OF UNREALIZED GAINS/LOSSES ON AFS SECURITIES 73,968.