2016-04-25T09:27:26-05:00 2015-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2015-01-01 630416876 NAHEOLA CREDIT UNION NAHE 2056542370 PO BOX 102 PENNINGTON AL 369160102 MARK JOHNSON CEO 2056542370 2016-04-17 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2016-04-17 2015 2016-09-27 15:27:22Z MARK JOHNSON PO BOX 102 PENNINGTON AL 369160102 4228154 0 X WWW.NAHEOLA.COM X 1959 AL TO PROVIDE THRIFT AND LOW COST LOANS TO MEMBERS 7 7 23 13 12420 2404 0 0 2492036 2713260 356325 395093 957117 1087400 3805478 4195753 0 0 0 0 1197770 1262025 0 0 0 1965042 2032350 3162812 3294375 642666 901378 80875790 82348883 63486243 64168177 17389547 18180706 TO PROVIDE THRIFT AND LOW COST LOANS TO MEMBERS 0 0 6,689 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 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 1767 0 1 23 1 1 1 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 0 0 1 0 1 1 1 1 0 1 1 1 0 X JEFFREY HASTY COO 2056542370 5480 MAIN STREET PENNINGTON AL 36916 BILL ADAMS DIRECTOR 1.00 X 0 0 0 JOEY MCILWAIN DIRECTOR, SECRETARY 1.00 X 0 0 0 JOHNNY CARROLL DIRECTOR 1.00 X 0 0 0 MACK BARKLEY DIRECTOR 1.00 X 0 0 0 EVAN MCDONALD VICE CHAIRPERSON 1.00 X 0 0 0 PAUL JENKINS DIRECTOR - PART YEAR 1.00 X 0 0 0 JOHN RAMSEY CHAIRPERSON 1.00 X 0 0 0 CORY MARTIN DIRECTOR 1.00 X 0 0 0 MARK JOHNSON CEO 40.00 X 156838 0 19794 JEFFREY HASTY COO 40.00 X 87946 0 8647 NECHIA SHARPE VICE PRESIDENT 40.00 X 60231 0 7670 LESLIE DAVIS VICE PRESIDENT 40.00 X 52602 0 13875 357617 0 49986 1 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 445939 1 LOAN INTEREST INCOME 522130 2713260 2713260 2713260 427494 427494 32401 -32401 -32401 -32401 NSF FEES 522130 672875 672875 OTHER INCOME 522130 352024 352024 LATE FEES 522130 48976 48976 13525 1105 12420 1087400 4195753 3788240 12420 395093 407602 567150 82869 134383 70021 11000 28347 1250 35515 215282 455263 95845 45605 24442 466327 188669 6581 UBIT EXPENSE ON FORM 99 318 CHECK AND LOAN SERVICIN 149463 DATA PROCESSING 106781 BAD DEBT 106408 95254 3294375 832051 461157 24865158 24653831 44057109 48335384 686888 472742 4404693 1738110 2847251 2666583 5376875 3417519 2210458 2341667 80875790 82348883 681250 647409 62804993 63520768 63486243 64168177 X 0 0 0 0 17389547 18180706 17389547 18180706 80875790 82348883 X 901378 -24532 -85687 X X 0 0 0 406500 406500 3108192 1002185 2106007 890001 735925 154076 2666583 MEMBER DEPOSITS 63520768 63520768 X X 0 0 0 MARK JOHNSON CEO 156838 0 0 0 0 0 5840 0 13954 0 176632 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MACK BARKLEY, BOARD MEMBER, IS MARRIED TO LYNETTE BARKLEY, SUPERVISORY COMMITTEE MEMBER, NON-COMPENSATED POSITION. ALL RELATED BOARD MEMBERS ABSTAIN FROM VOTING ON ALL ISSUES CONCERNING THE RESPECTIVE RELATED EMPLOYEE OR COMMITTEE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 NAHEOLA CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST BE A CITIZEN OF CHOCTAW, MARENGO, WASHINGTON, CLARKE, SUMTER, HALE, PERRY, GREENE, MOBILE, ESCAMBIA OR BALDWIN COUNTY IN THE STATE OF ALABAMA. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING BY PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 10B BRANCHES OF THE NAHEOLA CREDIT UNION FOLLOW THE SAME POLICIES AS THE MAIN OFFICE AND UNDERSTAND THAT BRANCH ACTIONS ARE SUBJECT TO MAIN OFFICE APPROVAL; HOWEVER, THERE IS NO WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION STAFF ARE TO MAKE THE ORGANIZATION AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS ALSO EXAMINES THE CREDIT UNION ACCOUNTS ANNUALY FOR POTENTIAL CONFLICTS TO SUPPORT THE CREDIT UNION'S MONITORING EFFORTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. THE BOARD USES NATIONAL PEER GROUP SALARY GUIDES PROVIDED BY CUNA AS AN INDEPENDENT SALARY GUIDE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION PLAN ADJUSTMENT -85,687. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS MARCH 31 YEAR END AUDITED FINANCIALS PREPARED BY AN INDEPENDENT CPA. ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ADMINISTRATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION NAHEOLA CREDIT UNION PO BOX 102 PENNINGTON, AL 36916-0102 EMPLOYER IDENTIFICATION NUMBER: 63-0416876 FOR THE YEAR ENDING DECEMBER 31, 2015 NAHEOLA CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). SECTION 1.263(A)-3(N) ELECTION NAHEOLA CREDIT UNION PO BOX 102 PENNINGTON, AL 36916-0102 EMPLOYER IDENTIFICATION NUMBER: 63-0416876 FOR THE YEAR ENDING DECEMBER 31, 2015 NAHEOLA CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).