GEORGIA UNITED CREDIT UNION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: GEORGIA UNITED CREDIT UNION (EIN 58-0800932)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2014-03-26
IRS object ID: 201400869349300000
Schema version: 2011v1.5
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-03-26T22:20:36-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWARTZ COLE AND ASSOCIATES LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	11776 W SAMPLE RD STE 106	AddressLine1
City	CORAL SPRINGS	City
State	FL	State
ZIP Code	330653180	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	580800932	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GEORGIA UNITED CREDIT UNION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GEOR	NameControl
Phone	7704766487	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6705 SUGARLOAF PKWY	AddressLine1
City	DULUTH	City
State	GA	State
ZIP Code	30097	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DEBBIE SMITH	Name
Title	CEO	Title
Phone	7704766487	Phone
Date Signed	2014-03-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DANIEL J COLE	Name
Phone	9547551760	Phone
Date Prepared	2014-03-26	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Amended Return	X	AmendedReturn
Name Of Principal Officer Person	DEBBIE SMITH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	6705 SUGARLOAF PKWY	AddressLine1
City	DULUTH	City
State	GA	State
ZIP Code	30097	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	38035044	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1958	YearFormation
State Legal Domicile	GA	StateLegalDomicile
Activity Or Mission Description	GA UNITED CREDIT UNION WAS ORGANIZED IN 1958 TO SERVE OUR MEMBERS' FINANCIAL NEEDS. AS A CREDIT UNION, WE OPERATE AS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT ENCOURAGES THRIFT BY PROVIDING LOANS AT FAIR AND REASONABLE RATES, PAYING COMPETITIVE DIVIDENDS ON SAVINGS PRODUCTS AND IMPLEMENTING FEWER SERVICE FEES FOR OVERALL ACCOUNT MAINTENANCE. INSTEAD OF BEING RUN BY STOCKHOLDERS, WE ARE OWNED AND OPERATED BY OUR MEMBERS. EACH MEMBER OWNS AN EQUAL SHARE REGARDLESS OF HIS OR HER ACCOUNT BALANCE. THE BOARD OF DIRECTORS AND OTHER VOLUNTEER COMMITTEES ARE CHOSEN AND STAFFED BY OUR MEMBERS. OUR GOAL IS SIMPLE -- NOT JUST TO MEET, BUT TO EXCEED OUR MEMBERS' EXPECTATIONS IN SERVICING ALL THEIR FINANCIAL NEEDS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	230	TotalNbrEmployees
Total Gross UBI	112323	TotalGrossUBI
Net Unrelated Business Txbl Income	-105234	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1895221	ProgramServiceRevenuePriorYear
Program Service Revenue CY	35543643	ProgramServiceRevenueCY
Investment Income Prior Year	-184353	InvestmentIncomePriorYear
Investment Income Current Year	2217966	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1710868	TotalRevenuePriorYear
Total Revenue Current Year	37761609	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	358738	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	5818625	BenefitsPaidToMembersCY
Salaries Etc Prior Year	425704	SalariesEtcPriorYear
Salaries Etc Current Year	12770264	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	540401	OtherExpensePriorYear
Other Expenses Current Year	14840926	OtherExpensesCurrentYear
Total Expenses Prior Year	1324843	TotalExpensesPriorYear
Total Expenses Current Year	33429815	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	386025	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	4331794	RevenuesLessExpensesCY
Total Assets BOY	636541836	TotalAssetsBOY
Total Assets EOY	893021040	TotalAssetsEOY
Total Liabilities BOY	562710588	TotalLiabilitiesBOY
Total Liabilities EOY	796026620	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	73831248	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	96994420	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	GA UNITED CREDIT UNION WAS ORGANIZED IN 1958 TO SERVE OUR MEMBERS' FINANCIAL NEEDS. AS A CREDIT UNION, WE OPERATE AS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT ENCOURAGES THRIFT BY PROVIDING LOANS AT FAIR AND REASONABLE RATES, PAYING COMPETITIVE DIVIDENDS ON SAVINGS PRODUCTS AND IMPLEMENTING FEWER SERVICE FEES FOR OVERALL ACCOUNT MAINTENANCE. INSTEAD OF BEING RUN BY STOCKHOLDERS, WE ARE OWNED AND OPERATED BY OUR MEMBERS. EACH MEMBER OWNS AN EQUAL SHARE REGARDLESS OF HIS OR HER ACCOUNT BALANCE. THE BOARD OF DIRECTORS AND OTHER VOLUNTEER COMMITTEES ARE CHOSEN AND STAFFED BY OUR MEMBERS. OUR GOAL IS SIMPLE -- NOT JUST TO MEET, BUT TO EXCEED OUR MEMBERS' EXPECTATIONS IN SERVICING ALL THEIR FINANCIAL NEEDS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	INCOME FROM INTEREST ON LOANS TO CREDIT UNION MEMBERS IS ONE OF THE PRIMARY MISSIONS OF THE ORGANIZATION. INTEREST IS CHARGED ON THE LOANS TO MEMBERS AT MARKET RATES.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Description	REVENUE FROM ADMIN FEES IS DERIVED FROM CHARGES TO MEMBERS TO MAINTAIN ACCOUNTS, PROCESS LOANS, AND PROVIDE MANY EXTRA SERVICES TO ITS MEMBERS.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Description	INVESTMENTS ARE A VITAL PORTION OF SERVICES PROVIDED TO MEMBERS BY THE CREDIT UNION. THESE INVESTMENTS ALLOW MEMBERS TO SAVE AND INVEST MONEY AND INTEREST AND DIVIDENDS ON THESE SECURITIES ARE PAID AT MARKET RATES.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	85900	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	230	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	true	LocalChapters
Policies Reference Chapters	true	PoliciesReferenceChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	true	InvestmentInJointVenture
Written Policy Or Procedure	true	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	JAY JONES	NamePerson
Telephone Number	7704766487	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	6705 SUGARLOAF PKWY	AddressLine1
City	DULUTH	City
State	GA	State
ZIP Code	30097	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (21 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
ROBERT SMITH
TREASURER	3.00	X	0	0	0
DOROTHY DUSENBERRY
SECRETARY	3.00	X	0	0	0
THOMAS DICKSON
CHAIRMAN	3.00	X	0	0	0
DR JAMES WILLIAMS
VICE-CHAIR	3.00	X	0	0	0
JACK LAVENDER
DIRECTOR	3.00	X	0	0	0
RANDY DENNIS
DIRECTOR	3.00	X	0	0	0
MONSIGNOR STEPHEN CHURCHWELL
DIRECTOR	3.00	X	0	0	0
TOM COCHRAN
DIRECTOR	3.00	X	0	0	0
DR STEVEN WHATLEY
DIRECTOR	3.00	X	0	0	0
FRANK THACH
DIRECTOR	3.00	X	0	0	0
GERALDINE TILSON
DIRECTOR	3.00	X	0	0	0
WARREN BUTLER
PRESIDENT/CE	50.00		615613	0	55886	X
KENNETH MERRITT
SR. V.P.	50.00		319102	0	23124	X
DOUG FOOTE
EXEC. VP	50.00		312530	0	37352	X
KEVIN DURRANCE
CFO- FORMER	50.00		266729	0	8367	X
DEBBIE SMITH
CHIEF OPERAT	50.00		230362	0	29773	X
THOMAS BARTHOLOMEW
CHIEF INFORM	50.00		199095	0	23122	X
JASON HALPERIN
CHIEF MARKET	50.00		174482	0	22511	X
KIM WALL
DIR. OF COMM	50.00		131532	0	17100	X
JAY JONES
DIRECTOR OF	50.00		117580	0	8314	X
RENE MCDANIEL
DIR. OF RISK	50.00		114447	0	14999	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	2481472	TotalReportableCompFromOrg
Total Other Compensation	240548	TotalOtherCompensation
Number Individuals GT100 K	10	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
WEBER MARKETING
225 TERRY AVE NORTH 400	SEATTLE	WA	98109	CONSULTING	995608
JACK HENRY & ASSOC
663 W HWY 60	MONETTE	MO	65708	DATA PROCESSING	687312
AT&T
PO BOX 105320	ATLANTA	GA	30348	COMMUNICATIONS	438714
HOWE CONSTRUCTION
11285 ELKINS RD G-1	ROSWELL	GA	30076	CONSTRUCTION	429422
DSI
PO BOX 102413	ATLANTA	GA	30368	SUPPLIES/PRINT	273360

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	Business CodeBusinessCode	Unrelated Business RevenueUnrelatedBusinessRevenue
INTEREST ON LOANS	26022529	26022529
FEE INCOME	4762074	4762074
OTHER OPERATING INCOME	4200733	4200733
OTHER NON OPERATING INCOME	445984	445984
NON-MEMBER ATM	112323		525990	112323

Field	Value	IRS element (for citing)
Total Program Service Revenue	35543643	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2491401	TotalRevenueColumn
Related Or Exempt Function Income	2491401	RelatedOrExemptFunctionIncome

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	273435	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-273435	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-273435	TotalRevenueColumn
Related Or Exempt Function Income	-273435	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	37761609	TotalRevenueColumn
Related Or Exempt Function Income	37649286	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	112323	UnrelatedBusinessRevenue

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	5818625	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	2481472	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	9267171	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	1021621	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	228690	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	1357977	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	4600298	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	1840550	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	251685	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	8353	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
PROVISION FOR LOAN LOSSES	2859000
NCUSIF STABILIZATION EXP	1895673
LOAN SERVICING	1306357
OTHER OPERATING EXP	407683

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	84660	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	33429815	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	7568113	BOY
EOY	13431047	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	102045646	BOY
EOY	63911215	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	339572355	BOY
EOY	433799653	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	39292184	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11675528	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	23095029	BOY
EOY	27616656	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	143297043	BOY
EOY	287925350	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	26240000	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	20963650	BOY
EOY	40097119	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	636541836	BOY
EOY	893021040	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	6489147	BOY
EOY	12843785	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	556221441	BOY
EOY	783182835	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	562710588	BOY
EOY	796026620	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	73831248	BOY
EOY	96994420	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	73831248	BOY
EOY	96994420	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	636541836	BOY
EOY	893021040	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	4331794	ReconcilationRevenueExpenses
Reconcilation Other Changes	18831378	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	9752581	OtherCostOrOtherBasis
Book Value	9752581	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	18351682	OtherCostOrOtherBasis
Depreciation	3087442	Depreciation
Book Value	15264240	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	11187921	OtherCostOrOtherBasis
Depreciation	8588086	Depreciation
Book Value	2599835	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	27616656	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
MEMBER SHARE ACCOUNTS	$782,701,466
ACCRUED INTEREST ON SHARES	$481,369

Field	Value	IRS element (for citing)
Total Of Amounts	783182835	TotalOfAmounts
Total Revenue	37761609	TotalRevenue
Total Expenses	33429815	TotalExpenses
Excess Or Deficit For Year	4331794	ExcessOrDeficitForYear
Excess Or Deficit Per FS	4331794	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	38035044	TotRevenueEtcAuditedFinclStmt
Other Revenues	273435	OtherRevenues
Revenue Not Rptd F990	273435	RevenueNotRptdF990
Revenue Subtotal	37761609	RevenueSubtotal
Total Revenue Per Form990	37761609	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	33703250	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	273435	OtherExpensesIncluded
Expenses Not Rptd F990	273435	ExpensesNotRptdF990
Expenses Subtotal	33429815	ExpensesSubtotal
Total Expenses Per Form990	33429815	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE FOLLOWING IS THE FOOTNOTE CONTAINED IN THE FINANCIAL STATEMENT AUDIT PREPARED BY THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FOR THE YEAR ENDING 12/31/11. THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE INTERNAL REVENUE SERVICE (IRS) HAS ISSUED A CLARIFICATION IN THE FORM OF A TECHNICAL ADVICE MEMORANDUM (TAMS) ON THE ISSUE OF UNRELATED BUSINESS INCOME TAX (UBIT). THE IRS HAS INDICATED THIS MEMORANDUM WILL CLARIFY ITS POSITION ON WHAT TYPES OF REVENUE ARE SUBJECT TO UBIT. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS RELATED TO VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS. AT THIS TIME, THERE IS UNCERTAINTY REGARDING WHETHER THE CREDIT UNION SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. MANAGEMENT HAS EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. WHILE IT SEEMS LIKELY THAT CERTAIN INCOME STREAMS OF STATE CHARTERED CREDIT UNIONS WILL BE SUBJECT TO UBIT, THE ISSUE REMAINS OPEN. THE CREDIT UNION FILES IRS FORMS 990 AND 990T IN THE U.S. FEDERAL JURISDICTION AND HAS A DECEMBER 31 TAX YEAR END.
RECONCILIATION OF CHANGES - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 8	LOSS ON SALE SALE OF ASSETS AS EXPENSE ON AUDIT 273,435 LOSS ON SALE SALE OF ASSETS AS EXPENSE ON AUDIT -273,435
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	LOSS ON SALE SALE OF ASSETS AS EXPENSE ON AUDIT 273,435
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XIII, LINE 2D	LOSS ON SALE SALE OF ASSETS AS EXPENSE ON AUDIT 273,435

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	X	CompensationCommittee
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)

Base Compensation Filing OrgBaseCompensationFilingOrg	Deferred Comp Filing OrgDeferredCompFilingOrg	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg	Total Compensation Filing OrgTotalCompensationFilingOrg
WARREN BUTLER
615613	38550	17336	671499
KENNETH MERRITT
319102	21198	1926	342226
DOUG FOOTE
312530	34819	2533	349882
KEVIN DURRANCE
266729	7370	997	275096
DEBBIE SMITH
230362	29773		260135
THOMAS BARTHOLOMEW
199095	23122		222217
JASON HALPERIN
174482	22511		196993

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (12 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
AMENDED RETURN EXPLANATION	FORM 990, PAGE 1, ITEM B	ORIGINAL RETURN WAS FILED WITH A 1/1/11 START DATE (CONVERSION FROM FEDERAL TO STATE OF GA CHARTER. SUBSEQUENT TO THIS, IT WAS DETERMINED THAT THE GA DEPT. OF BANKING MADE THE ACTUAL CONVERSION DATE 12/10/10, NOT 1/1/11 AS HAD BEEN REQUESTED. THIS RETURN IS CHANGED TO NO LONGER REFLECT "INITIAL YEAR" (A 2010 RETURN IS ALSO GOING TO BE FILED). THIS CHANGED ALSO CAUSED VARIOUS CHANGES ON THE FORM 990.
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	GA UNITED CREDIT UNION WAS ORGANIZED IN 1958 TO SERVE OUR MEMBERS' FINANCIAL NEEDS. AS A CREDIT UNION, WE OPERATE AS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE THAT ENCOURAGES THRIFT BY PROVIDING LOANS AT FAIR AND REASONABLE RATES, PAYING COMPETITIVE DIVIDENDS ON SAVINGS PRODUCTS AND IMPLEMENTING FEWER SERVICE FEES FOR OVERALL ACCOUNT MAINTENANCE. INSTEAD OF BEING RUN BY STOCKHOLDERS, WE ARE OWNED AND OPERATED BY OUR MEMBERS. EACH MEMBER OWNS AN EQUAL SHARE REGARDLESS OF HIS OR HER ACCOUNT BALANCE. THE BOARD OF DIRECTORS AND OTHER VOLUNTEER COMMITTEES ARE CHOSEN AND STAFFED BY OUR MEMBERS. OUR GOAL IS SIMPLE -- NOT JUST TO MEET, BUT TO EXCEED OUR MEMBERS' EXPECTATIONS IN SERVICING ALL THEIR FINANCIAL NEEDS.
SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS	FORM 990, PAGE 6, PART VI, LINE 4	CREDIT UNION CONVERTED FROM FEDERAL CHARTER TO STATE CHARTER, EXEMPT UNDER IRC CODE 501 (C) 14.
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERS OF CREDIT UNION ARE THOSE WHO FIT THE MEMBERSHIP REQUIREMENTS OF THE CREDIT UNION, AND THEN CHOOSE TO JOIN THE CREDIT UNION.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, 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 THEY OCCUR.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE COMPLETED FORM WILL BE REVIEWED BY THE CREDIT UNION CFO AND CEO. THE FORM WILL BE SIGNED BY THE CFO, OR THEIR REPRESENTATIVE BEFORE FILING. THE BOARD OF DIRECTORS WILL ALSO RECEIVE A COPY AT THEIR MONTHLY MEETING.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	CONFLICT OF INTEREST ARE ENFORCED BY REVIEW OF POSSIBLE CONFLICTS OF INTEREST BEFORE ANY NEW CONTRACTS ARE ENTERED INTO.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	CEO COMPENSATION REVIEWED BY BOARD OF DIRECTORS COMPESATION COMMITTEE, WHICH IS APPROVED BY THE FULL BOARD OF DIRECTORS. A SURVEY OF COMPARIBLE COMPENSATION IS USED TO SET COMPENSATION. A WRITTEN EMPLOYMENT AGREEMENT IS USED.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION OF OTHER OFFICERS IS REVIEWED BY CEO, AND APPROPRIATE MANAGEMENT.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. FINANCIAL STATEMENTS ARE PUBLISHED ON THE CREDIT UNION WEB-SITE, AND ALSO AVAILABLE TO GENERAL PUBLIC AT NCUA WEBSITE.
OTHER CHANGES IN NET ASSETS EXPLANATION	FORM 990, PART XI, LINE 5	DURING 2011 THE CREDIT UNION AQUIRED (THROUGH MERGER) THE NET ASSETS OF STATE EMPLOYEES CREDIT UNION. THOSE NET ASSETS TOTALED 18,167,315.