2013-08-07T07:41:51-05:00 2012-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2012-01-01 580146810 Atlanta Postal Credit Union ATLA 4047684126 3900 Crown Road Atlanta GA 303800001 Donald A DeCinque 4047684126 2013-07-30 1 Mary Jo Alexander P00002534 7709558600 2012 2016-02-24 21:20:13Z Gary Kyle 3900 Crown Road Atlanta GA 303800001 63885654 0 X www.apcu.com X 1925 GA Providing financial services to Atlanta Postal Credit Union members. 9 8 204 14 0 0 0 0 55752037 54512002 13814070 8816126 15178 33136 69581285 63361264 0 0 0 0 11152625 12620643 0 0 0 50685014 41624489 61837639 54245132 7743646 9116132 1972771087 2030761169 1746259775 1797205192 226511312 233555977 X See Sch O for complete mission statement.Our Mission is to remain the leader among postal credit unions in this country, with a commitment to the well being of our members, the credit union community as a whole, and our staff. We will offer services in a friendly, professional manner consistent with the integrity of our institution. The Credit Union will be managed in a financially sound manner to assure profitability that is beneficial to our members. 0 0 Credit Union providing loans and deposits for over 105,000 members. Atlanta Postal Credit Union is a member-owned, not-for-profit financial cooperative, founded on the premise that working people need a safe and sound place to save and borrow money. Guiding principles are unique: only people who are credit union members can borrow here, loans should be for prudent and productive purposes, and a person's character and desire to repay a loan are considered as important as a person's income. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 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 42802 0 1 204 1 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X The Organization 4047684126 3900 Crown Road Atlanta GA 30380 Katherine Brown 1.00 X 10300 0 0 Donald A DeCinque 40.00 X X 424383 0 20832 David Disharoon 1.00 X 0 0 0 Royce L Jackson 1.00 X 5393 0 0 J T Middlebrooks 1.00 X 0 0 0 Henry P Mulkey 1.00 X 9625 0 0 Moses M Spence 1.00 X 0 0 0 Bud Wilkinson 1.00 X 0 0 0 Roy Matthews 1.00 X 0 0 0 Gary Kyle 40.00 X 185606 0 15132 Janet Spruell 40.00 X 150211 0 8304 Charles Head 40.00 X 205161 0 23959 Dianne Yost 40.00 X 135994 0 12106 Richard McCall 40.00 X 110487 0 10733 Lana Beck 40.00 X 109972 0 8318 1347132 0 99384 7 0 1 0 COLLATERAL PROTECTION INS AGENCYINC PO BOX 568 HUNTSVILLE TX 773420568 Collateral Insurance 867841 THOMPSON O'BRIEN KEMP & NASUTI PC SUITE 300 NORCROSS GA 30092 Legal services for loan collections 557959 DATAMATX 3146 NORTHEAST EXPRESSWAY ATLANTA GA 303415345 Member Statement Processing 531928 JACK HENRY & ASSOCIATES INC PO BOX 503328 STLOUIS MO 631503328 Processing System Software Provider 512395 JACK NADEL INTERNATIONAL P O BOX 8342 PASADENA CA 911098342 Promotional Items 310329 23 Interest on Loans 522100 47742242 47742242 Other Operating Income 522100 6769760 6769760 54512002 9340516 9340516 33136 0 33136 33136 33136 524390 -524390 -524390 -524390 63361264 63852518 0 -491254 1033588 7165840 2404230 1454980 562005 3604 79982 232323 888343 6169609 1138123 208837 762224 Dividends and interest 22707936 Provision for loan loss 3400000 Member insurance 2580694 Loan servicing expense 2250862 1201952 54245132 3749517 3433753 243319259 235922852 867631676 892567488 9275967 8078696 1167944 1197271 819516100 857265631 37386591 40374174 1972771087 2030761169 8271791 9285974 1737987984 1787919218 1746259775 1797205192 X 0 0 0 0 226511312 233555977 226511312 233555977 1972771087 2030761169 X 9116132 -559133 -1512334 X X 0 1 X 1 0 161314 161314 0 1581480 1458411 123069 7533173 6458971 1074202 1197271 Mutual Funds 2377654 F US Govt-sponsored Enterprises 843531940 F Georgia Central CU PCB 3299037 C Catalyst Corporate PCC 800000 C Bank Owned CD's 7257000 C 857265631 Accrued Dividends 187643 Shares and deposits 1787731575 1787919218 X 62802131 -559133 -559133 63361264 0 63361264 58657270 4412138 4412138 54245132 0 54245132 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The organization does not have any uncertain tax positions reported on the audited financial statements under FIN 48. Part XII, Line 2d - Other Adjustments: Adjustment to recognize funded status of pension plan 4,412,138. X 1 1 X X X X 0 1 0 Donald A DeCinque 394833 0 25000 0 4550 0 5700 0 15132 0 445215 0 0 0 Gary Kyle 178606 0 7000 0 0 0 0 0 15132 0 200738 0 0 0 Janet Spruell 143211 0 7000 0 0 0 0 0 8304 0 158515 0 0 0 Charles Head 195161 0 10000 0 0 0 12150 0 11809 0 229120 0 0 0 Part I, Line 1a Spouse (or guest) Expense. The spouse or guest of each director, volunteer and APCU officer is encouraged to attend APCU functions. APCU will pay expenses for this person to include the following but not limited to all travel, food, lodging, registration, incidental expenses and entertainment. Part I, Line 4b Donald A DeCinque $ 5700 Charles Head 12150 Form 990, Part VI, Section A, line 6 Atlanta Postal Credit Union is a state-chartered credit union with over 105,000 voting members. Form 990, Part VI, Section A, line 7a Credit union members vote for board members. Form 990, Part VI, Section B, line 11 The entire board reviews and discusses Form 990 in a board meeting prior to filing. Form 990, Part VI, Section B, line 12c Each year, directors and officers complete the Confidential Report for Credit Union Officials for the Georgia State Banking Department. This form requires that other business relationships be disclosed. These forms are monitored for any potential conflicts. Form 990, Part VI, Section B, line 15 Salaries for the CEO and other officers are reviewed and increases approved by the board of directors. Salaries for these positions are compared to industry averages by using CUNA's Complete Credit Union Staff Salary Survey. Form 990, Part VI, Section C, line 19 Atlanta Postal Credit Union files call reports quartely. These are published on the internet and available to the general public. Other documents are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Adjustment to recognize funded status of Pension Plan -4,412,138. Smith & Sons Employees Credit Union Merger 23,422. Human Services Employees Credit Union Merger 2,876,382. Form 990. Part XII, line 2c. There have been no changes to the auditor selection process nor the financial statement review.