2025-11-10T11:28:41-07:00 2024-12-31 990 2024-01-01 580664019 Coosa Valley Credit Union COOS 7062358551 2010 Redmond Circle Rome GA 30165 Guy Chambless CFO 7062358551 2025-11-10 1 2024 2025-03-06 01:10:19Z Andy F Harris President - CEO 2010 Redmond Circle Rome GA 30165 48206039 0 X www.mycvcu.org X 2017 GA Provide savings and lending activities to member owners of the cooperative. 12 12 157 12 0 0 0 0 40219842 45521075 2290433 2675964 36000 9000 42546275 48206039 0 0 0 0 13100904 14295792 0 0 0 24683668 30049030 37784572 44344822 4761703 3861217 633211964 677062779 584110971 625944318 49100993 51118461 Provide savings and lending activities to member owners of the cooperative. 0 0 Income from the credit union membership and from investment of members' funds provide the foundation from which the organization can function and provide services to its restricted membership. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 8648 0 1 157 1 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X Guy Chambless 7062358551 2010 Redmond Circle Rome GA 30165 Andy F Harris President/CEO 40 0 X 794238 0 43966 Saunders Jones III CLO 40 0 X 432878 0 25682 Guy Chambless CFO 40 0 X 313729 0 67861 A Dawn Harris COO 40 0 X 316752 0 29477 Sean G Gauldin VP of Infomation Technology 40 0 X 271629 0 29478 Serena L Stevenson VP HR/Staff Development 40 0 X 208267 0 34356 Sharon R Presley VP of Operations 40 0 X 198031 0 34053 Jacob W Simpson VP of Continuous Improvement 40 0 X 194454 0 36773 Jessica L Newberry VP of Compliance & Process Development 40 0 X 195689 0 29824 Sharon L McAlister VP of Branch Operations 40 0 X 199824 0 21734 Rhonda K Wilson VP of Indirect Services 40 0 X 198583 0 21734 Stephanie Graves VP of Marketing 40 0 X 193346 0 19923 Brett M Hunter Branch Manager 40 0 X 127599 0 23844 Kimberly R Acrey Director of Loan Operations 40 0 X 118336 0 28185 Sherry D Dunn Branch Manager 40 0 X 132334 0 13826 Dennis G Johnson Director of Facilities & Maintenance 40 0 X 129003 0 12841 Grayson S Bagwell Branch Manager 40 0 X 126253 0 13142 David W Hulsey Branch Manager 40 0 X 119393 0 12824 Mitchell L Sims Director of Information Systems 40 0 X 123123 0 6526 Emily H Oyler Branch Manager 40 0 X 114920 0 14214 Robert E Smyth Internal Communications 40 0 X 116516 0 12290 Kimberly D Harston Branch Manager 40 0 X 109221 0 17199 Jennifer A Lipham Director of Branch Operations - North 40 0 X 115689 0 8919 Benjamin M Walcher Programmer Analyst 40 0 X 112120 0 10737 Stephanie P Sheppard Branch Manager 40 0 X 111798 0 11006 James M Chambers Accounting Supervisor 40 0 X 109275 0 12046 Stephanie E Davis AVP of Operations 40 0 X 108434 0 12646 Kelsey D Robinson Director Of Collections 40 0 X 105816 0 11279 Heather A Oxenreider Audit Manager 40 0 X 102402 0 13121 Amanda L Chapman Branch Manager 40 0 X 102128 0 9227 Matthew T Palopoli Director Of Learning & Development 40 0 X 100717 0 3576 G Cleveland Hartley Board Chariman 2 0 X 2500 0 0 Kenneth C Duskey Board Treasurer 2 0 X 2500 0 0 Randy Quick Board Vice Chairman 2 0 X 2500 0 0 Richard DiPrima Board Secretary 1 0 X 2500 0 0 Kelly Barnes Board Member 1 0 X 2500 0 0 Chris Brock Board Member 1 0 X 2500 0 0 Matthew Crane Board Member 1 0 X 2500 0 0 Pam Givens Board Member 1 0 X 2500 0 0 Lucian Harris Board Member 1 0 X 2500 0 0 Jenny Shealy Board Member 1 0 X 2500 0 0 Brad Wilson Board Member 1 0 X 2500 0 0 Chad Woods Board Member 1 0 X 2500 0 0 5732497 0 642309 31 0 1 0 Graham Construction 218 E Main Cartersville GA 30120 Construction/Builder 3153095 Route 66 P O Box 1075 Mountain Home AR 72654 Member Insurance 2744193 Jack Henry & Associates Inc P O Box 609 Monett MO 65708 Core Processor 1395068 CMG Atlanta Radio P O Box 83191 Chicago IL 606910191 Advertising 999861 Atlanta Computer Group LLC 5010 McGinnis Ferry Road Alpharetta GA 30005 Computer Equipment 531420 28 0 Loan Interest 522100 29835987 29835987 0 0 Fee/Other Income 522100 15685088 15685088 0 0 0 0 0 0 45521075 2675964 2675964 0 0 0 0 0 0 0 0 0 0 9000 0 0 0 9000 0 9000 9000 0 0 0 0 0 48206039 48206039 0 0 X 5732497 5824893 581970 1404869 751563 4859 5668096 1848692 1824799 2148994 293453 7607210 2350981 Provision For Losses 6401763 Loan Servicing 1430741 Dues 83938 State Operating Fee 64398 321106 44344822 0 0 0 17905246 18907134 22048443 28358183 7142752 8406771 472585366 503835881 1318471 1332418 51456118 15054128 33618818 36401990 57005068 55027092 21587800 24793310 633211964 677062779 11157646 8035407 7655833 7655833 565297492 610253078 584110971 625944318 X 0 0 0 0 49100993 51118461 49100993 51118461 633211964 677062779 3861217 -1843749 0 0 0 0 X 1 1 1 0 0 5991147 5991147 0 29713155 5037115 24676040 0 2818616 1065673 1752943 0 12933200 8951340 3981860 0 0 0 0 36401990 Regular Shares 228067780 Share Drafts 146686766 Money Market & Other Shares 43103035 IRA Shares 6895842 Share & IRA Certificates 185499655 610253078 X Schedule D, Part X, Line 2 The Credit Union is exempt from most federal, state, and local taxes under the provisions of the Internal Revenue Code and state tax laws. However, the Credit Union is subject to unrelated business income tax. The Income Taxes Topic of the FASB ASC clarifies accounting for uncertainty in income taxes reported in the financial statements. The interpretation provides criteria for assessment of individual tax positions and a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not" standard for sustainability on examination by tax authorities. Management has determined there are no material uncertain tax positions. However, the Credit Union is subject to unrelated business income tax. X X 1 1 X X X 0 1 0 Andy F Harris President/CEO 632463 0 161775 0 0 0 43966 0 23483 0 861687 0 0 0 Saunders Jones III CLO 368062 0 64816 0 0 0 25682 0 27710 0 486270 0 0 0 A Dawn Harris COO 242686 0 74066 0 0 0 29477 0 20160 0 366389 0 0 0 Guy Chambless CFO 248663 0 65066 0 0 0 67861 0 1471 0 383061 0 0 0 Sean G Gauldin VP of Infomation Technology 249452 0 22176 0 0 0 29478 0 25504 0 326610 0 0 0 Serena L Stevenson VP HR/Staff Development 190478 0 17789 0 0 0 34356 0 21235 0 263858 0 0 0 Sharon L McAlister VP of Branch Operations 182817 0 17007 0 0 0 21734 0 1854 0 223412 0 0 0 Rhonda K Wilson VP of Indirect Services 181576 0 17007 0 0 0 21734 0 10694 0 231011 0 0 0 Sharon R Presley VP of Operations 180058 0 17973 0 0 0 34053 0 24282 0 256366 0 0 0 Jessica L Newberry VP of Compliance & Process Development 178258 0 17431 0 0 0 29824 0 29535 0 255048 0 0 0 Jacob W Simpson VP of Continuous Improvement 177781 0 16673 0 0 0 36773 0 30056 0 261283 0 0 0 Stephanie Graves VP of Marketing 174839 0 18507 0 0 0 19923 0 29377 0 242646 0 0 0 Sherry D Dunn Branch Manager 121925 0 10409 0 0 0 13826 0 11712 0 157872 0 0 0 Dennis G Johnson Director of Facilities & Maintenance 116222 0 12781 0 0 0 12841 0 10611 0 152455 0 0 0 Brett M Hunter Branch Manager 117288 0 10310 0 0 0 23844 0 11395 0 162837 0 0 0 Grayson S Bagwell Branch Manager 116244 0 10009 0 0 0 13142 0 14404 0 153799 0 0 0 Mitchell L Sims Director of Information Systems 111923 0 11199 0 0 0 6526 0 11465 0 141113 0 0 0 David W Hulsey Branch Manager 107791 0 11601 0 0 0 12824 0 10775 0 142991 0 0 0 Kimberly R Acrey Director of Loan Operations 103111 0 15225 0 0 0 28185 0 19820 0 166341 0 0 0 Robert E Smyth Internal Communications 105818 0 10698 0 0 0 12290 0 1009 0 129815 0 0 0 Jennifer A Lipham Director of Branch Operations - North 104087 0 11601 0 0 0 8919 0 20387 0 144994 0 0 0 Emily H Oyler Branch Manager 101366 0 13554 0 0 0 14214 0 13874 0 143008 0 0 0 Benjamin M Walcher Programmer Analyst 108120 0 4000 0 0 0 10737 0 10322 0 133179 0 0 0 Stephanie P Sheppard Branch Manager 100966 0 10833 0 0 0 11006 0 24183 0 146988 0 0 0 James M Chambers Accounting Supervisor 98236 0 11039 0 0 0 12046 0 10309 0 131630 0 0 0 Kimberly D Harston Branch Manager 99389 0 9833 0 0 0 17199 0 10920 0 137341 0 0 0 Stephanie E Davis AVP of Operations 97493 0 10941 0 0 0 12646 0 28019 0 149099 0 0 0 Kelsey D Robinson Director Of Collections 94749 0 11067 0 0 0 11279 0 18086 0 135181 0 0 0 Heather A Oxenreider Audit Manager 91893 0 10509 0 0 0 13121 0 10257 0 125780 0 0 0 Amanda L Chapman Branch Manager 92870 0 9258 0 0 0 9227 0 790 0 112145 0 0 0 Matthew T Palopoli Director Of Learning & Development 91057 0 9661 0 0 0 3576 0 2401 0 106695 0 0 0 Schedule J, Part I, Line 1a When overnight travel is required for conferences, meetings, etc. the credit union pays for a companion to accompany the employee/director on the trip. Country club dues are paid on behalf of the CEO & CLO due to business benefits of having those memberships. Schedule J, Part I, Line 4 CEO, CFO, CLO & COO are all part of a deferred compensation agreement - credit union only life insurance plan. CEO also has a split dollar arrangement. Form 990, Part VI, Section A, Line 2 G. Cleveland Hartley and Chad Woods - family relationship. Form 990, Part VI, Section A, Line 6 The organization has members. Form 990, Part VI, Section A, Line 7a The credit union membership may participate in the election of officials. Form 990, Part VI, Section A, Line 7b Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as the occur. Form 990, Part VI, Section B, Line 11b All financial numbers are reviewed for accuracy with final YTD financial statements. The completed return is then reviewed with prior return for accuracy. Form 990, Part VI, Section B, Line 12c The organization maintains a conflict of interest policy within its code of ethics. This policy is enforced at all times and reviewed periodically by our board of directors, supervisory committee and/or internal audit department. Form 990, Part VI, Section B, Line 15 organization uses survey data during an annual review process to determine the reasonableness of all compensation and benefits. The review of the CEO's compensation is a function of the board of directors annually. The board uses and executive compensation survey from an independent third party to determine the CEO's compensation. For all other officer/key employee positions in the organization, pay ranges are reviewed and approved on an annual basis by the CEO utilizing data from an independent compensation study. Form 990, Part VI, Section C, Line 19 The organizations governing documents and conflict of interest policy are not made available to the public. The financial statements are available upon request and/or via the quarterly 5300 filing. Form 990, Part IX, Line 11g Card & Processing Expenses: $4,247,446; Other Professional Fees: $1,420,650