2016-05-13T10:02:02-05:00 2015-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2015-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 GARTH GRIESE PRESIDENT/CEO 2707968500 2016-05-09 1 MICHAEL P COOK P01398822 5024269660 2015 2016-09-27 15:27:22Z GARTH GRIESE 916 CATALINA DRIVE BOWLING GREEN KY 42103 26595099 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 65 12 18254 0 0 0 4755958 4730105 294062 316112 2230674 2158203 7280694 7204420 0 0 0 0 2770728 2764676 0 0 0 3509283 3376906 6280011 6141582 1000683 1062838 127513741 135401544 113860438 120574704 13653303 14826840 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 6141582 7186166 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 6141582 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3057 0 1 65 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 KY X STEPHEN CARRICO 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 LOUELLA FONG BOARD MEMBER 1.00 X 0 0 0 C RICHARD ALDRIDGE VICE CHAIR BOARD MEMBER 1.00 X 0 0 0 HAROLD LITTLE SECRETARY/TREASURER BOARD 1.00 X 0 0 0 LESLIE WEIGEL THROUGH DEC 15 2015 CHAIRPERSON BOARD MEMBER 1.00 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 BOARD/SUPERVISORY COMMITTEE MEMBER 1.00 X 0 0 0 GARTH GRIESE PRESIDENT AND CEO 40.00 X 124046 0 16843 LEAH ECKLEY EXECUTIVE VP AND COO 40.00 X 458436 0 11319 STEPHEN CARRICO SENIOR VP AND COO 40.00 X 74627 0 14287 KRISTIE KENNEDY VP OF LENDING 40.00 X 74936 0 10309 ANTHONY SEAN MOORE VP OF IS AND TECHNOLOGY 40.00 X 61859 0 13498 REBECCA STONE EXECUTIVE VP AND COO 40.00 X 8077 0 0 801981 0 66256 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 529423 CUNA MUTUAL 5910 MINERAL POINT ROAD MADISON WI 53705 FINANCIAL 155690 SHARE ONE INC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 COMPUTER CORE PROCESSING 140034 3 INTEREST INCOME ON LOANS TO MEMBE 522130 4730105 4711851 18254 4730105 329813 329813 19321978 55000 19321978 68701 0 -13701 -13701 -13701 NSF AND ODP FEES 522100 735754 735754 VISA CHECK FEES 522100 593112 593112 DELINQUENT FEES 522100 93408 93408 735929 735929 2158203 7204420 7186166 18254 0 868237 1729003 167436 92728 80870 55353 290099 162562 325867 601 51108 551259 315720 39921 DEBIT CARD OPERATIONS 403395 PROVISION FOR LOAN AND 286615 CREDIT CARD OPERATIONS 215138 STUDENT LOAN FEES 30449 475221 6141582 5017342 4884570 7570731 16077502 81053753 86772325 223171 349998 8486988 3744590 5010512 4742398 21393354 15146655 7244878 7428096 127513741 135401544 1320140 1185851 243062 249504 112297236 119139349 113860438 120574704 X 0 0 2152518 2152518 11500785 12674322 13653303 14826840 127513741 135401544 X 1062838 110699 X X 0 1 X 1 0 0 1 X 624407 624407 5461234 1779738 3681496 2401347 1964852 436495 4742398 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 3377587 F GSE AGENCY BONDS 6977637 F VISA CLASS B STOCK 347734 F COMPANY OWNED LIFE INSURANCE 2621219 F MUNICIPAL BONDS 79378 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 843100 C 15146655 NCUSIF DEPOSIT 1171717 PLAN 457(B) DEPOSIT 151909 PLAN 457(F) DEPOSITS 5184070 COMPENSATING BANK BALANCE 150000 ACCOUNTS AND OTHER RECEIVABLES 380482 MISCELLANEOUS ASSETS 389918 7428096 MEMBER SHARE DEPOSITS 49469908 MEMBER SHARE DRAFTS 36208297 MEMBER SHARE CERTIFICATES 33461144 119139349 7204420 0 7204420 0 7204420 6141582 0 6141582 0 6141582 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. 0 1 0 LEAH ECKLEY EXECUTIVE VP AND COO 74437 0 0 0 383999 0 6836 0 4483 0 469755 0 0 0 RICHARD L MILLER BOARD MEMBER RESIDENTIAL MORTGAGE X 80255 8850 0 1 1 JOSEPH P STEWART BOARD MEMBER USED AUTO LOAN X 15395 0 0 1 1 CHARLES RICHARD ALDRIDGE BOARD MEMBER CREDIT CARD X 0 153 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 1203 0 1 1 ANTHONY S MOORE VICE PRESIDENT OF INFORMATION TECHNOLOGY CREDIT CARD X 0 6666 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 63019 0 1 1 MICHAEL L HARRISON SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 124200 119520 0 1 1 BRENDA M WILLOUGHBY BOARD MEMBER AUTO LOAN X 22000 17729 0 1 1 217140 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 2015. 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 11 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 AVP OF HR, 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 PUBLICALLY 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 110,699. 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 AVP OF HR, 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.