2018-11-07T10:00:48-06:00 2017-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2017-01-01 610360420 Transcend Credit Union fka Kentucky Telco Credit Union TRAN 5024593000 3740 Bardstown Road Louisville KY 40218 Vickie Shellenberg EXEC. VICE PRESIDENT 2018-11-07 true Kim Scifres P01316095 5023263996 2017 2019-02-21 02:37:17Z Vickie Shellenberg 3740 Bardstown Road Louisville KY 40218 26720298 false X www.transcendcu.com X 1934 KY THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT TO ITS MEMBERS. 9 9 101 9 118904 54605 0 17958287 18810787 1050993 863019 63962 51717 19073242 19725523 0 0 7121552 7450217 0 0 9635480 9504113 16757032 16954330 2316210 2771193 387192991 393266738 343558721 346879702 43634270 46387036 THE PUROSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS. false false TRANSCEND CREDIT UNION (THE "CREDIT UNION") IS A STATE CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS. THE CREDIT UNION PROVIDES MORTGAGE, VEHICLE AND OTHER CONSUMER LOANS TO ITS MEMBERS. THE CREDIT UNION ALSO OFFERS A VARIETY OF ACCOUNTS FOR MEMBERS TO TRANSACT AND SAVE, INCLUDING SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES. AS A MEMBER-OWNED ORGANIZATION, THE CREDIT UNION STRIVES TO PROVIDE COMPETITIVE INTEREST AND DIVIDEND RATES TO ITS MEMBERS AND CONVENIENT WAYS FOR MEMBERS TO ACCESS THEIR ACCOUNTS, INCLUDING ONLINE AND MOBILE BANKING AND SHARED BRANCHING SERVICES. THE CREDIT UNION OFFERS CREDIT LIFE AND DISABILITY INSURANCE TO ITS MEMBERS WHEN THEY FINANCE A VEHICLE OR OPEN A CREDIT CARD. THIS INSURANCE WOULD PAY OFF THE LOAN IN THE CASE OF A DEATH OR DISABILITY. THE CREDIT UNION OFFERS AUTO WARRANTIES AT FAIR PRICES TO ITS MEMBERS. THESE WARRANTIES ARE COMPREHENSIVE AND HELP WITH THE COSTS OF REPAIR OF THE VEHICLE. 0 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 4934 0 true 101 true true true false false false false false X 9 9 false false false false true true false true true false true true true true true true true true true true false X Vickie Shellenberg 5024549240 3740 Bardstown Road Louisville KY 40218 MARK BOOKER CHAIR 1.0 X X 0 0 0 NAOMI CHRISTIAN VICE CHAIR 1.0 X X 0 0 0 RICHARD DOWDELL TREASURER 1.0 X X 0 0 0 JACKIE WHITE SECRETARY 1.0 X X 0 0 0 CORA BROWN BOARD MEMBER 1.0 X 0 0 0 KEVIN ROBERTS BOARD MEMBER 1.0 X 0 0 0 TOM MUELLER BOARD MEMBER 1.0 X 0 0 0 CINDY HALL BOARD MEMBER 1.0 X 0 0 0 SHERYL DISTLER BOARD MEMBER 1.0 X 0 0 0 RICHARD REESE PRESIDENT/CEO 40.0 X 485639 0 549436 VICKIE SHELLENBERG EXECUTIVE VICE PRESIDENT 40.0 X 255206 0 68217 DONNA WORKMAN SENIOR VICE PRESIDENT/CFO 40.0 X 193952 0 47559 KEITH ESKRIDGE SENIOR VICE PRESIDENT OF LENDING 40.0 X 216582 0 46350 BRANDEN BLEDSOE VICE PRESIDENT OF OPERATIONS 40.0 X 136176 0 32487 TERRI BERG REGIONAL BRANCH MANAGER 40.0 X 116949 0 13853 ADAM REYNOLDS DIRECTOR OF CONSUMER LENDING 40.0 X 108553 0 15217 CHRISTINE WILDER DIRECTOR OF IT 40.0 X 122112 0 10447 1635169 0 783566 8 false true false JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 SOFTWARE CORE PROCESSOR 345283 MATRIX INTEGRATION LLC 417 MAIN ST JASPER IN 47546 COMPUTER NETWORK MAINTENANCE 179930 LENDING SOLUTIONS INC 2200 POINT BLVD ELGIN IL 30123 INDIRECT UNDERWRITING 175500 WINDSTREAM NUVOX INC PO BOX 9001950 LOUISVILLE KY 402901950 INTERNET AND DISASTER RECOVERY 174648 MATLY DIGITAL SOLUTIONS LLC 3432 PRESTON HIGHWAY LOUISVILLE KY 40213 MARKETING 121095 7 X 0 INTEREST ON LOANS 522291 10761988 10761988 FEES AND SERVICE CHARGES 522299 4272284 4235452 36832 DEBIT/CREDIT CARD INTERCHANGE INCOME 522100 2292205 2292205 INSURANCE/WARRANTY/OTHER INCOME 524113 532196 454826 77370 CREDIT LIFE DISABILITY INCOME 524113 743331 743331 208783 208783 0 0 18810787 865004 865004 0 0 6992790 0 6994340 435 -1550 -435 -1985 -1985 MISCELLANEOUS INCOME 522299 47015 47015 NON-MEMBER INCOME 522299 4702 4702 0 0 0 0 51717 19725523 18743600 118904 863019 1552456 4274796 732456 532246 358263 98778 76571 43835 69021 0 0 0 303198 448667 225887 1142371 29225 2321349 638580 PROVISION FOR LOAN LOSS 1207084 LOAN SERVICING 1006468 OPERATIONAL EXPENSE 876218 DEBIT CARD/ATM EXPENSE 915130 101731 0 0 0 16954330 0 0 0 21002897 33639157 68920789 52547000 677491 554196 0 0 0 263359074 287261958 373564 510551 15588624 6479316 9249882 9109308 877300 934600 14461248 366861 0 8270746 8343107 387192991 393266738 1760017 2731496 0 22647889 23477633 319150815 320670573 343558721 346879702 X 43634270 46387036 43634270 46387036 387192991 393266738 2771193 -18427 0 X false true X true false 4075834 4075834 5149318 1846981 3302337 333552 292155 41397 6029920 4340180 1689740 9109308 MISCELLANEOUS LIABILITIES 133280 MEMBERS SHARE AND DEPOSITS 320537293 320670573 19727508 1985 1985 19725523 0 0 19725523 16956315 1985 1985 16954330 0 0 16954330 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RECLASS OF REALIZED LOSSES - 1985 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS OF REALIZED LOSSES - 1985 X true true X X X X false true false RICHARD REESE PRESIDENT/CEO 373382 0 99066 0 13191 0 532749 0 16687 0 1035075 0 0 0 VICKIE SHELLENBERG EXECUTIVE VICE PRESIDENT 197288 0 45000 0 12918 0 44554 0 23663 0 323423 0 0 0 DONNA WORKMAN SENIOR VICE PRESIDENT/CFO 152207 0 23200 0 18545 0 32610 0 14949 0 241511 0 0 0 KEITH ESKRIDGE SENIOR VICE PRESIDENT OF LENDING 115473 0 58000 0 43109 0 30740 0 15610 0 262932 0 0 0 BRANDEN BLEDSOE VICE PRESIDENT OF OPERATIONS 90884 0 21000 0 24292 0 9466 0 23021 0 168663 0 0 0 Schedule J, Part I, Line 1a Travel for companions SPOUSE/GUEST TRAVEL BRANDEN BLEDSOE TAXABLE TO BRANDEN BLEDSOE SPOUSE/GUEST TRAVEL BOARD MEMBER SHERYL DISTLER NOT TAXABLE PER IRS GUIDELINES Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan RICHARD REESE $479,148 IS THE SERP ACCRUAL FOR THE YEAR Form 990, Part IV, Line 9 CREDIT COUNSELING (FREE) THE FILING ORGANIZATION PROVIDES FREE CREDIT COUNSELING TO ALL MEMBERS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Board may appoint an executive committee consisting of not less than three (3) directors. Subject to any limitations or conditions prescribed by the Board or otherwise set forth in KRS Chapter 286.6 and applicable laws governing nonprofit corporations, the executive committee may be authorized to act for the Board in any capacity the Board may otherwise act. The Board may authorize other committees to transact specified business on their behalf; this authority is limited to the scope and parameters set by the Board and must be clearly stated at the onset of the assignment. Form 990, Part VI, Line 6 Classes of members or stockholders The credit union shall have members. A person shall not be eligible for membership unless they satisfy the field of membership requirements set forth herein. The field of membership of this credit union is limited to: Bullitt, Henry, Jefferson,Oldham, Shelby, Spencer, Trimble, Daviess, Anderson, Franklin, Woodford, Mercer, Boyle, Lincoln, Garrard, Jessamine, Fayette, Scott, Harrison, Bourbon, Nicholas, Clark, Madison, Powell, and Estill Counties, in Kentucky. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The initial board of directors shall be selected by the subscribers to the Articles of Incorporation of the credit union and shall serve until the first annual meeting of members or until the election of their successors, whichever is later. All subsequent directors shall be elected by the members at the annual meeting. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE EVP AND CFO PRIOR TO PROVIDING A COPY TO THE REMAINDER OF THE BOARD. AFTER REVIEW AND DISCUSSION &/OR QUESTIONS AND CORRECTIONS, THE COMPLETE AND FINAL FORM 990 IS EFILED. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION HAS AN ANNUAL FORM TO DISCLOSE ALL CONFLICTS OF INTEREST FOR EACH BOARD MEMBER TO COMPLETE. THE ORGANIZATION ALSO HAS A FORM TO COMPLETE THROUGHOUT THE YEAR AS APPLICABLE. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION OF THE PRESIDENT/CEO IS DETERMINED ON AN ANNUAL BASIS. THE COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. PRIOR TO MAKING ITS DETERMINATION, THE BOARD OF DIRECTORS OBTAINED AND RELIED UPON A STUDY CONDUCTED BY D. HILTON ASSOCIATES, INC. , WHICH IS DETERMINED TO BE APPROPRIATE DATA AS TO COMPARABILITY. THE BASIS FOR DETERMINATION WAS ADEQUATELY DOCUMENTED IN THE MINUTES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION FOR OTHER OFFICERS OF THE ORGANIZATION ARE DETERMINED ON AN ANNUAL BASIS. THE OFFICER COMPENSATION WAS REVIEWED AND APPROVED BY THE CEO. PRIOR TO MAKING THE DETERMINATION, THE CEO OBTAINED AND RELIED UPON COMPENSATION REPORTS REGARDING SIMILAR POSITIONS , WHICH IS DETERMINED TO BE APPROPRIATE DATA AS TO COMPARABILITY. THE BASIS FOR DETERMINATION WAS ADEQUATELY DOCUMENTED . Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue NET MORTGAGE LOAN SALES - Total Revenue: 208783, Related or Exempt Function Revenue: 208783, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; CREDIT UNION CENTERS OF KENTUCKY LLC C/O KENTUCKY CREDIT UNION LEAGUE LOUISVILLE KY 40218 611332750 SERVICE TO CREDIT UNIONS KY NA Unrelated -3322 146208 false false 0.1249 ALLIANCE SERVICES GROUP LLC 201 WEST DEYOUNG STREET SUITE B MARION IL 62959 261632390 SERVICE TO CREDIT UNIONS IL NA Unrelated 30129 90680 false true 0.1667 false false false false false false false false false false false false true false false false false false false