2015-05-14T14:43:47-05:00 2014-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2014-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 GARTH GRIESE PRESIDENT/CEO 2707968500 2015-05-14 1 MICHAEL P COOK P01398822 5024269660 2014 2016-02-25 16:41:14Z GARTH GRIESE 916 CATALINA DRIVE BOWLING GREEN KY 42103 13124657 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 63 11 0 0 0 0 4617797 4755958 249813 294062 2058339 2230674 6925949 7280694 0 0 1371 0 2770441 2770728 0 0 0 3425279 3509283 6197091 6280011 728858 1000683 121179320 127513741 108667758 113860438 12511562 13653303 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 6280011 7280694 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 6280011 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3482 0 1 63 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 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 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 GARTH GRIESE PRESIDENT AND CEO 40.00 X 119979 0 16603 LEAH ECKLEY EXECUTIVE VP AND COO 40.00 X 92743 0 12197 STEPHEN CARRICO SENIOR VP AND COO 40.00 X 78179 0 13291 KRISTIE KENNEDY VP OF LENDING 40.00 X 75256 0 10672 ANTHONY SEAN MOORE VP OF IS AND TECHNOLOGY 40.00 X 68947 0 13584 435104 0 66347 1 0 0 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 501577 ANTHEM 301 NORTH HURSTBOURNE PARKWAY SUITE LOUISVILLE KY 40222 INSURANCE 305966 SIGNATURE SIGNS 1736 31-W BYPASS BOWLING GREEN KY 42101 SIGNS 158526 SHARE ONE INC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 COMPUTER CORE PROCESSING 148498 4 INTEREST INCOME ON LOANS TO MEMBE 522130 4755958 4755958 4755958 294062 294062 5843963 5843963 0 NSF AND ODP FEES 522100 810824 810824 VISA CHECK FEES 522100 546713 546713 DELINQUENT FEES 522100 94754 94754 778383 778383 2230674 7280694 7280694 0 0 501451 2108868 160409 87909 59397 40994 294515 152858 341877 1938 56669 516856 361245 37768 PROVISION FOR LOAN AND 522184 DEBIT CARD OPERATIONS 337985 CREDIT CARD OPERATIONS 217552 479536 6280011 5188362 5017342 4339360 7570731 79958577 81053753 222190 223171 8439383 3428871 5175010 5010512 18822011 21393354 7473810 7244878 121179320 127513741 1241094 1320140 197081 243062 107229583 112297236 108667758 113860438 X 0 0 2152518 2152518 10359044 11500785 12511562 13653303 121179320 127513741 X 1000683 141058 X X 0 1 X 1 0 0 1 X 624407 624407 5461234 1627160 3834074 2353742 1801711 552031 5010512 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 4859682 F GSE AGENCY BONDS 12286793 F VISA CLASS B STOCK 293926 F COMPANY OWNED LIFE INSURANCE 2556953 F MUNICIPAL BONDS 312200 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 183800 C 21393354 NCUSIF DEPOSIT 1100904 PLAN 457(B) DEPOSIT 186115 PLAN 457(F) DEPOSITS 5056451 COMPENSATING BANK BALANCE 150000 ACCOUNTS AND OTHER RECEIVABLES 326061 MISCELLANEOUS ASSETS 425347 7244878 MEMBER SHARE DEPOSITS 46620355 MEMBER SHARE DRAFTS 33156260 MEMBER SHARE CERTIFICATES 32520621 112297236 7280694 0 7280694 0 7280694 6280011 0 6280011 0 6280011 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 RICHARD L MILLER BOARD MEMBER RESIDENTIAL MORTGAGE X 80255 25612 0 1 1 JOSEPH P STEWART CHAIR OF SUPERVISORY COMMITTEE USED AUTO LOAN X 15395 7432 0 1 1 CHARLES RICHARD ALDRIDGE BOARD MEMBER CREDIT CARD X 0 4744 0 1 1 JOSEPH P STEWART CHAIR OF SUPERVISORY COMMITTEE CREDIT CARD X 0 740 0 1 1 ANTHONY S MOORE VICE PRESIDENT OF INFORMATION TECHNOLOGY CREDIT CARD X 0 6920 0 1 1 45448 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 14,700 MEMBERS AS OF DECEMBER 2014. 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 141,058. 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.