ASSOCIATED CREDIT UNION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ASSOCIATED CREDIT UNION (EIN 58-0240950)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201433189349306118
- Schema version
- 2013v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T13:52:54-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 580692043 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mauldin & Jenkins LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Galleria Pkwy SE Ste 1700 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303395946 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580240950 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Associated Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASSO | BusinessNameControlTxt |
| Phone | 7704488200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Timothy G Bridges | PersonNm |
| Person Title | EVP/CFO | PersonTitleTxt |
| Phone | 7704488200 | PhoneNum |
| Signature | 2014-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mary Jo Alexander | PreparerPersonNm |
| PTIN | P00002534 | PTIN |
| Phone | 7709558600 | PhoneNum |
| Preparation | 2014-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | C Lin Hodges | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,320,910 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.acuonline.org | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | Credit Union | OtherOrganizationDsc |
| Formation | 1930 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | State-Chartered Credit Union that offers members financial products that fulfill their needs, services that exceed their expectations, and relationships that inspire their trust. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 381 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $608,753 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$129,863 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,047,624 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $51,686,299 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,504,506 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,634,611 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $57,552,130 | PYTotalRevenueAmt |
| CY Total Revenue | $57,320,910 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $19,467,565 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $20,119,970 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,672,220 | PYOtherExpensesAmt |
| CY Other Expenses | $29,740,578 | CYOtherExpensesAmt |
| PY Total Expenses | $50,139,785 | PYTotalExpensesAmt |
| CY Total Expenses | $49,860,548 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,412,345 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,460,362 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,275,874,711 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,307,431,260 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,134,581,431 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,158,625,419 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $141,293,280 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $148,805,841 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Associated Credit Union offers members financial products that fulfill their needs, service that exceeds their expectations, and relationships that inspire their trust. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | Associated Credit Union is a full-service financial institution offering a wide variety of products and services to over 150,000 members in the state of Georgia. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 33535 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 381 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Beth R Tynan | PersonNm |
| Phone | 7703682117 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| James C Barbre | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $8,250 | $0 | $0 | |||
| Mike Collins | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $6,750 | $0 | $0 | |||
| Chuck Gehrmann | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Harvey Campbell | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $8,250 | $0 | $0 | |||
| Keith Gettmann | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Tim F Kercheval | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Margaret Pittman | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Doyle Spears | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Albert W Smith | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $1,500 | $0 | $0 | |||
| John Petros | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Ron Ford | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Allen Bryan | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| George Clarke | |||||||||
| Director | 1.00 | 1.00 | Yes (X) | $9,000 | $0 | $0 | |||
| Lin Hodges | |||||||||
| President/CEO | 40.00 | Yes (X) | $562,079 | $0 | $407,294 | Yes (X) | |||
| Greg Connor | |||||||||
| Executive VP | 40.00 | $270,770 | $0 | $187,927 | Yes (X) | ||||
| Tim Bridges | |||||||||
| Executive VP/CFO | 40.00 | $255,172 | $0 | $35,511 | Yes (X) | ||||
| Mark Waller | |||||||||
| EVP/COO | 40.00 | $220,417 | $0 | $77,780 | Yes (X) | ||||
| Karl Mann | |||||||||
| VP/CIO | 40.00 | $185,999 | $0 | $69,187 | Yes (X) | ||||
| Deborah Tuttle | |||||||||
| VP/Operations | 40.00 | $178,907 | $0 | $80,791 | Yes (X) | ||||
| Pamela Mott | |||||||||
| VP/Training | 40.00 | $146,338 | $0 | $86,729 | Yes (X) | ||||
| William Baum | |||||||||
| VP/Loans | 40.00 | $146,277 | $0 | $159,946 | Yes (X) | ||||
| Tom Maiellaro | |||||||||
| VP/Marketing | 40.00 | $141,152 | $0 | $20,168 | Yes (X) | ||||
| Jeffrey Bergum | |||||||||
| AVP/Operations | 40.00 | $127,355 | $0 | $3,659 | Yes (X) | ||||
| Jim LaFond | |||||||||
| VP/Risk Mitigation | 40.00 | $122,315 | $0 | $39,230 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,462,531 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,168,222 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| National Credit Union Administration | |||||
| PO Box 979069 | St Louis | MO | 63197 | Regulatory Assessment | $1,601,091 |
| JACK HENRY & ASSOCIATES INC | |||||
| 11395 Old Roswell Road | Alpharetta | GA | 30009 | Bank Automation Solutions | $944,205 |
| THOMPSON O'BRIEN KEMP & NASUTI PC | |||||
| 40 Technology Parkway | Norcross | GA | 30092 | Legal Services | $459,929 |
| Cox Radio Group | |||||
| 6205 Peachtree Dunwoody Road | Atlanta | GA | 30328 | Advertising Expenses | $437,891 |
| CONSULTANTS & BUILDERS INC | |||||
| 3100 Medlock Bridge Road Suite 420 | Norcross | GA | 30071 | Design & Construction-Banking | $298,337 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 109 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Interest on Loans | 522100 | $26,563,591 | $26,563,591 | |
| Fee Income | 522100 | $16,212,397 | $15,603,644 | $608,753 |
| Other Operating Income | 522100 | $7,692,257 | $7,692,257 | |
| Gain on Sale of Mtge Loans | 522100 | $1,218,054 | $1,218,054 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $51,686,299 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,632,355 | TotalRevenueColumnAmt |
| Exclusion | $5,632,355 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,256 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,256 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,256 | TotalRevenueColumnAmt |
| Exclusion | $2,256 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,320,910 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,077,546 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $608,753 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,634,611 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,857,415 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,749,441 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $583,966 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,839,111 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,090,037 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,270 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,480 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,607,695 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,555,482 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,718,426 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $496,733 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,267,205 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $263,018 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $281,504 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,151,637 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,516,340 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,177,198 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Loan Servicing Expense | $4,029,434 |
| Provision for Loan Loss | $3,150,000 |
| ATM Expenses | $2,814,378 |
| ATM,Credit Cd, etc Loss | $765,831 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $761,947 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,860,548 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,795,829 | BOYAmt |
| EOY | $9,426,081 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,435,376 | BOYAmt |
| EOY | $108,557,039 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,010,000 | BOYAmt |
| EOY | $2,544,000 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $565,465,215 | BOYAmt |
| EOY | $623,819,252 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $28,257,991 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,428,501 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,911,355 | BOYAmt |
| EOY | $12,829,490 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $513,131,940 | BOYAmt |
| EOY | $520,598,264 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,443,818 | BOYAmt |
| EOY | $2,043,100 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,681,178 | BOYAmt |
| EOY | $27,614,034 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,275,874,711 | BOYAmt |
| EOY | $1,307,431,260 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,934,949 | BOYAmt |
| EOY | $14,451,286 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,116,646,482 | BOYAmt |
| EOY | $1,144,174,133 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,134,581,431 | BOYAmt |
| EOY | $1,158,625,419 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,293,280 | BOYAmt |
| EOY | $148,805,841 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,293,280 | BOYAmt |
| EOY | $148,805,841 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,275,874,711 | BOYAmt |
| EOY | $1,307,431,260 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,460,362 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $52,199 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,991,604 | OtherCostOrOtherBasisAmt |
| Book Value | $2,991,604 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,836,864 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,420,142 | DepreciationAmt |
| Book Value | $7,416,722 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,486,590 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,773,276 | DepreciationAmt |
| Book Value | $713,314 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,942,933 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,235,083 | DepreciationAmt |
| Book Value | $1,707,850 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $12,829,490 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Held to Maturity Securities | $516,081,965 | F |
| Other Investments | $4,516,299 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $520,598,264 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Member Shares and Deposits | Desc |
| Amt | $1,144,174,133 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,144,174,133 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $57,318,654 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $57,318,654 | RevenueSubtotalAmt |
| Other Revenues Not Included | $2,256 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $2,256 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $57,320,910 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $49,858,292 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$2,256 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$2,256 | ExpensesNotReportedAmt |
| Expenses Subtotal | $49,860,548 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $49,860,548 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | 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. |
| Part XI, Line 4b - Other Adjustments: | Reclass Gain On Sale of Fixed Assets to Revenue 2,256. |
| Part XII, Line 2d - Other Adjustments: | Reclass Gain on Sale of Fixed Expenses from Expense -2,256. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lin Hodges | ||||||||||||||
| President/CEO | $460,079 | $0 | $102,000 | $0 | $0 | $0 | $400,681 | $0 | $6,613 | $0 | $969,373 | $0 | $0 | $0 |
| Greg Connor | ||||||||||||||
| Executive VP | $220,770 | $0 | $50,000 | $0 | $0 | $0 | $185,327 | $0 | $2,600 | $0 | $458,697 | $0 | $0 | $0 |
| Tim Bridges | ||||||||||||||
| Executive VP/CFO | $215,172 | $0 | $40,000 | $0 | $0 | $0 | $32,391 | $0 | $3,120 | $0 | $290,683 | $0 | $0 | $0 |
| Mark Waller | ||||||||||||||
| EVP/COO | $180,417 | $0 | $40,000 | $0 | $0 | $0 | $72,378 | $0 | $5,402 | $0 | $298,197 | $0 | $0 | $0 |
| Karl Mann | ||||||||||||||
| VP/CIO | $163,410 | $0 | $22,589 | $0 | $0 | $0 | $64,637 | $0 | $4,550 | $0 | $255,186 | $0 | $0 | $0 |
| Deborah Tuttle | ||||||||||||||
| VP/Operations | $158,556 | $0 | $20,351 | $0 | $0 | $0 | $78,646 | $0 | $2,145 | $0 | $259,698 | $0 | $0 | $0 |
| Pamela Mott | ||||||||||||||
| VP/Training | $130,089 | $0 | $16,249 | $0 | $0 | $0 | $81,159 | $0 | $5,570 | $0 | $233,067 | $0 | $0 | $0 |
| William Baum | ||||||||||||||
| VP/Loans | $129,535 | $0 | $16,742 | $0 | $0 | $0 | $159,166 | $0 | $780 | $0 | $306,223 | $0 | $0 | $0 |
| Tom Maiellaro | ||||||||||||||
| VP/Marketing | $125,193 | $0 | $15,959 | $0 | $0 | $0 | $13,881 | $0 | $6,287 | $0 | $161,320 | $0 | $0 | $0 |
| Jim LaFond | ||||||||||||||
| VP/Risk Mitigation | $108,474 | $0 | $13,841 | $0 | $0 | $0 | $35,939 | $0 | $3,291 | $0 | $161,545 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 4b | FormAndLineReferenceDesc |
| Explanation | Actuarial Increase and Current Year Employer Contributions in Non-Qualified Defined Benefit Deferred Compensation 457f Plan and Non-Qualified 457b Plan: C. Lin Hodges $ 400,681 T. Greg Connor 185,327 Tim Bridges 32,391 Mark Waller 72,378 Deborah S. Tuttle 78,646 Karl Mann 64,637 Pamela M. Mott 81,159 William D. Baum 159,166 Tom Maiellero 13,881 Jim LaFond 35,939 | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| C Lin Hodges | |||||||
| President CEO | Split Dollar Life Insurance | Yes (X) | $900,000 | $900,000 | 0 | Yes (1) | Yes (1) |
| Tim Bridges | |||||||
| Executive VP/CFO | Split Dollar Life Insurance | Yes (X) | $400,000 | $400,000 | 0 | Yes (1) | Yes (1) |
| Mark Waller | |||||||
| EVP/COO | Split Dollar Life Insurance | Yes (X) | $400,000 | $400,000 | 0 | Yes (1) | Yes (1) |
| Karl Mann | |||||||
| VP/Information Technology | Split Dollar Life Insurance | Yes (X) | $320,000 | $320,000 | 0 | Yes (1) | Yes (1) |
| Leah Eldridge | |||||||
| Division President | Split Dollar Life Insurance | Yes (X) | $320,000 | $320,000 | 0 | Yes (1) | Yes (1) |
| Jeffrey Bergum | |||||||
| .AVP/Operations | Split Dollar Life Insurance | Yes (X) | $204,000 | $204,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,544,000 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | Associated Credit Union is a state-chartered credit union with 158,128 voting members. |
| Form 990, Part VI, Section A, line 7a | Associated Credit Union has members who elect one or more members of the governing body. |
| Form 990, Part VI, Section B, line 11 | The Board will receive a pdf of Form 990. This will give them time to review and comment on the return. Recommended changes will be incorporated into the return. |
| Form 990, Part VI, Section B, line 12c | On an annual basis directors and key employees are required to sign an oath and fill out an application for the Georgia Department of Banking declaring no conflict of interest with Associated Credit Union. Also, through external third party audits and examinations by the Department of Banking and Finance of Georgia and the National Credit Union Administration. |
| Form 990, Part VI, Section B, line 15 | The Chairman of the Board or the Personnel Chairman approve the President/CEO compensation and benefits. The CEO approves top management compensation. Data is used from CUES Executive Review and CUNA. |
| Form 990, Part VI, Section C, line 19 | The organization's annual tax returns are available upon request. Financial Statements are posted in the lobby of the main office and branches for review. |
| Form 990, Part XI, line 9: | Change in Entrance Fees 52,199. |
| Form 990 Part XII, Line 2c | The process for selection of auditors and review of financial statements has not changed from the prior year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Associated Credit Union Foundation Inc | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 30092 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262834337 | EIN |
| Primary Activities | Charitable Giving | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Associated Credit Union Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |