SERVICE ONE CREDIT UNION INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SERVICE ONE CREDIT UNION INC (EIN 61-6034178)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-04-03
- IRS object ID
- 201700939349300980
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-04-03T16:47:53-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 611064249 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEMING MALONE LIVESAY & OSTROFF PSC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9300 SHELBYVILLE ROAD SUITE 1100 | AddressLine1Txt |
| City | LOUISVILLE | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 402225187 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 616034178 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SERVICE ONE CREDIT UNION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SERV | BusinessNameControlTxt |
| Phone | 2707968500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 51770 | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 421026770 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARTH GRIESE | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 2707968500 | PhoneNum |
| Signature | 2017-03-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL P COOK | PreparerPersonNm |
| PTIN | P01398822 | PTIN |
| Phone | 5024269660 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 174.47.177.202 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-03-27 | IPDt |
| IP Tm | 15:46:16 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | EC423083156AC7592FB624587E4C5BBA554970FA | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 9A1CF9F3912B7549A3E439CD7EDF49DB90F185C1 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARTH GRIESE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 916 CATALINA DRIVE | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 42103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $29,879,732 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SOCU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1963 | FormationYr |
| Legal Domicile State | KY | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 64 | TotalEmployeeCnt |
| Total Volunteers | 13 | TotalVolunteersCnt |
| Total Gross UBI | $19,634 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,730,105 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,070,905 | CYProgramServiceRevenueAmt |
| PY Investment Income | $316,112 | PYInvestmentIncomeAmt |
| CY Investment Income | $337,356 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,158,203 | PYOtherRevenueAmt |
| CY Other Revenue | $2,611,298 | CYOtherRevenueAmt |
| PY Total Revenue | $7,204,420 | PYTotalRevenueAmt |
| CY Total Revenue | $8,019,559 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,764,676 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,811,680 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,376,906 | PYOtherExpensesAmt |
| CY Other Expenses | $3,617,245 | CYOtherExpensesAmt |
| PY Total Expenses | $6,141,582 | PYTotalExpensesAmt |
| CY Total Expenses | $6,428,925 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,062,838 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,590,634 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $135,401,544 | TotalAssetsBOYAmt |
| Total Assets EOY | $149,093,299 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $120,574,704 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $132,679,997 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,826,840 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,413,302 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,428,925 | ExpenseAmt |
| Revenue | $7,999,925 | RevenueAmt |
| Desc | SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. | Desc |
| Total Program Service Expenses | $6,428,925 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3458 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 64 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN CARRICO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2707968500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 51770 | AddressLine1Txt |
| City | BOWLING GREEN | CityNm |
| State Abbreviation | KY | StateAbbreviationCd |
| ZIP | 421026770 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| LOUELLA FONG | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| C RICHARD ALDRIDGE | ||||||
| VICE CHAIR BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| HAROLD LITTLE | ||||||
| SECRETARY/TREASURER BOARD | 1.00 | Yes (X) | $0 | $0 | $0 | |
| RICHARD L MILLER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CAROL GLASER | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA WILLOUGHBY | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| PAT STEWART | ||||||
| BOARD/SUPERVISORY COMMITTE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GARTH GRIESE | ||||||
| PRESIDENT AND CEO | 40.00 | $130,756 | $0 | $12,364 | Yes (X) | |
| STEPHEN CARRICO | ||||||
| SENIOR VP AND COO | 40.00 | $72,156 | $0 | $12,680 | Yes (X) | |
| ANTHONY SEAN MOORE | ||||||
| VP OF IS AND TECHNOLOGY | 40.00 | $60,755 | $0 | $12,275 | Yes (X) | |
| REBECCA STONE | ||||||
| EXECUTIVE VP AND COO | 40.00 | $105,133 | $0 | $0 | Yes (X) | |
| MARK FLOYD | ||||||
| VP OF LENDING | 40.00 | $73,004 | $0 | $554 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $441,804 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $37,873 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PSCU FINANCIAL SERVICES | |||||
| 560 CARRILLION PARKWAY | ST PETERSBURG | FL | 33716 | DEBIT CARD AND CREDIT CARD | $594,640 |
| SHARE ONE INC | |||||
| 2650 THOUSAND OAKS BLVD | MEMPHIS | TN | 38118 | COMPUTER CORE PROCESSING | $131,324 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST INCOME ON LOANS TO MEMBE | Desc |
| Business | 522130 | BusinessCd |
| Total Revenue Column | $5,070,905 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,051,271 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $19,634 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,070,905 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $339,625 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $339,625 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,832,172 | SecuritiesAmt |
| Other | $25,732 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,832,172 | SecuritiesAmt |
| Other | $28,001 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | -$2,269 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,269 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,269 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NSF AND ODP FEES | 522100 | $945,195 | $945,195 |
| VISA CHECK FEES | 522100 | $622,344 | $622,344 |
| DELINQUENT FEES | 522100 | $103,291 | $103,291 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $940,468 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $940,468 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,611,298 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,019,559 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,999,925 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $19,634 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $479,677 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,172,345 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,658 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,893 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,799 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,606 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $348,742 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,381 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,415 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,393 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,333 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $583,415 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,696 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,580 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DEBIT CARD OPERATIONS | $431,416 |
| PROVISION FOR LOAN AND | $353,748 |
| CREDIT CARD OPERATIONS | $207,509 |
| STUDENT LOAN FEES | $66,724 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,595 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,428,925 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,884,570 | BOYAmt |
| EOY | $7,477,186 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,077,502 | BOYAmt |
| EOY | $13,422,533 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,772,325 | BOYAmt |
| EOY | $93,986,409 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,998 | BOYAmt |
| EOY | $390,252 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,581,748 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,000,286 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,742,398 | BOYAmt |
| EOY | $4,581,462 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,146,655 | BOYAmt |
| EOY | $21,402,757 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,428,096 | BOYAmt |
| EOY | $7,832,700 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,401,544 | BOYAmt |
| EOY | $149,093,299 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,185,851 | BOYAmt |
| EOY | $1,281,327 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,504 | BOYAmt |
| EOY | $269,324 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,139,349 | BOYAmt |
| EOY | $131,129,346 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,574,704 | BOYAmt |
| EOY | $132,679,997 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,152,518 | BOYAmt |
| EOY | $2,152,518 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,674,322 | BOYAmt |
| EOY | $14,260,784 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,826,840 | BOYAmt |
| EOY | $16,413,302 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,401,544 | BOYAmt |
| EOY | $149,093,299 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,590,634 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$4,172 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $624,407 | OtherCostOrOtherBasisAmt |
| Book Value | $624,407 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,465,434 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,932,487 | DepreciationAmt |
| Book Value | $3,532,947 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,491,907 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,067,799 | DepreciationAmt |
| Book Value | $424,108 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,581,462 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY | $3,641,829 | F |
| GSE AGENCY BONDS | $12,188,437 | F |
| VISA CLASS B STOCK | $394,842 | F |
| COMPANY OWNED LIFE INSURANCE | $2,659,637 | F |
| MUNICIPAL BONDS | $28,378 | F |
| INVESTMENT IN CORPORATE CREDIT UNIONS | $900,000 | C |
| FHLB STOCK | $843,100 | C |
| CHARITABLE DONATION INVESTMENTS | $746,534 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $21,402,757 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| NCUSIF DEPOSIT | $1,216,846 |
| PLAN 457(B) DEPOSIT | $122,533 |
| PLAN 457(F) DEPOSITS | $5,460,978 |
| COMPENSATING BANK BALANCE | $150,000 |
| ACCOUNTS AND OTHER RECEIVABLES | $437,009 |
| MISCELLANEOUS ASSETS | $445,334 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $7,832,700 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| MEMBER SHARE DEPOSITS | $55,231,010 |
| MEMBER SHARE DRAFTS | $38,162,457 |
| MEMBER SHARE CERTIFICATES | $37,735,879 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $131,129,346 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE 2B: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (9 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| RICHARD L MILLER | |||||||
| BOARD MEMBER | RESIDENTIAL MORTGAGE | Yes (X) | $80,255 | $0 | 0 | Yes (1) | Yes (1) |
| CHARLES RICHARD ALDRIDGE | |||||||
| BOARD MEMBER | CREDIT CARD | Yes (X) | $0 | $0 | 0 | Yes (1) | Yes (1) |
| JOSEPH P STEWART | |||||||
| BOARD MEMBER | CREDIT CARD | Yes (X) | $0 | $0 | 0 | Yes (1) | Yes (1) |
| ANTHONY S MOORE | |||||||
| VICE PRESIDENT OF INFORMATION TECHNOLOGY | CREDIT CARD | Yes (X) | $0 | $7,397 | 0 | Yes (1) | Yes (1) |
| JOSEPH P STEWART | |||||||
| BOARD MEMBER | RESIDENTIAL MORTGAGE | Yes (X) | $65,000 | $59,487 | 0 | Yes (1) | Yes (1) |
| MICHAEL L HARRISON | |||||||
| SUPERVISORY COMMITTEE MEMBER | RESIDENTIAL MORTGAGE | Yes (X) | $124,200 | $117,041 | 0 | Yes (1) | Yes (1) |
| BRENDA M WILLOUGHBY | |||||||
| BOARD MEMBER | AUTO LOAN | Yes (X) | $22,000 | $10,401 | 0 | Yes (1) | Yes (1) |
| JOSEPH P STEWART | |||||||
| BOARD MEMBER | AUTO LOAN - NEW | Yes (X) | $7,546 | $7,546 | 0 | Yes (1) | Yes (1) |
| PEGGY CROWE | |||||||
| SUPERVISORY COMMITTEE MEMBER | RESIDENTIAL MORTGAGE | Yes (X) | $142,000 | $141,126 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $342,998 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 15,000 MEMBERS AS OF DECEMBER 2016. |
| 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 -4,172. |
| FORM 990, PART XII, LINE 2C: | 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. |