AVADIAN CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- AVADIAN CREDIT UNION (EIN 63-0207315)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-01
- IRS object ID
- 201202759349300225
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-10-01T12:07:11-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 631077072 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARFIELD MURPHY SHANK & SMITH PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1121 RIVERCHASE OFFICE RD | AddressLine1 |
| City | BIRMINGHAM | City |
| State | AL | State |
| ZIP Code | 35244 | 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 | 630207315 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALABAMA TELCO CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ALAB | NameControl |
| Phone | 2059852836 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE RIVERCHASE PARKWAY SOUTH | AddressLine1 |
| City | BIRMINGHAM | City |
| State | AL | State |
| ZIP Code | 35244 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LINDA CENCULA | Name |
| Title | CEO | Title |
| Phone | 2059852836 | Phone |
| Date Signed | 2012-08-24 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JACK KNIGHT CPA | Name |
| PTIN | P00192609 | PTIN |
| Phone | 2059825500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | LINDA CENCULA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE RIVERCHASE PARKWAY SOUTH | AddressLine1 |
| City | BIRMINGHAM | City |
| State | AL | State |
| ZIP Code | 35244 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 95251335 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.ALATELCO.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | AL | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 205 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | 1200975 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -69885 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 22291236 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 21125327 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2814405 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3192105 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 8858580 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9078787 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 33964221 | TotalRevenuePriorYear |
| Total Revenue Current Year | 33396219 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9164816 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9639640 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 21307492 | OtherExpensePriorYear |
| Other Expenses Current Year | 20325797 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 30472308 | TotalExpensesPriorYear |
| Total Expenses Current Year | 29965437 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3491913 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3430782 | RevenuesLessExpensesCY |
| Total Assets BOY | 525983456 | TotalAssetsBOY |
| Total Assets EOY | 578574362 | TotalAssetsEOY |
| Total Liabilities BOY | 472698095 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 522775372 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 53285361 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 55798990 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 54,106 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 16856 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 205 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAURIE SHOOK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2059852836 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE RIVERCHASE PARKWAY SOUTH | AddressLine1 |
| City | BIRMINGHAM | City |
| State | AL | State |
| ZIP Code | 35244 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (25 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| GARY CANNADY | |||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | ||
| KEITH MILLING | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JIM GUNN | |||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | ||
| NANCY MORGAN | |||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | ||
| DENNIS DEARING | |||||||
| VICE CHAIRMAN | 1.00 | X | 0 | 0 | 0 | ||
| DAN AUSTIN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LLOYD NIX | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| T B FLOURNOY | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| DEBORAH GIVEN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| A M ROBERTSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| HENRY COOK | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROLAND COBURN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LOWELL BRYANT | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TERRY DAVIS | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CALVIN NELSON | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LINDA RUETHEMANN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT KIRKLAND | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| LINDA CENCULA | |||||||
| CEO | 48.00 | 258909 | 0 | 26288 | X | ||
| WILLIAM R CHANCELLOR | |||||||
| SR VP LENDING & COLLECTION | 48.00 | 142139 | 0 | 19279 | X | ||
| KIM MURDOCH | |||||||
| SR VP OPERATIONS | 48.00 | 131275 | 0 | 18627 | X | ||
| LAURIE SHOOK | |||||||
| SR VP CONTROLLER | 48.00 | 126237 | 0 | 18248 | X | ||
| STANTON DAVIS | |||||||
| VP MARKETING | 48.00 | 116643 | 0 | 17689 | X | ||
| JUSTIN ORR | |||||||
| CIO/VP INFORMATION TECHNOL | 48.00 | 117273 | 0 | 17481 | X | ||
| BRAD DISMUKES | |||||||
| MEMBER'S FINANCIAL REP | 48.00 | 150639 | 0 | 19817 | X | ||
| PARKER STEELE | |||||||
| ATTORNEY | 48.00 | 100683 | 0 | 13581 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1143798 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 151010 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Y MEDIA WORKS | |||||
| 3756 DUNBARTON DRIVE | BIRMINGHAM | AL | 35223 | MEDIA ADVERTISING | 914243 |
| JACK HENRY & ASSOCIATES INC | |||||
| 633 W HIGHWAY 60 | MONETT | MO | 657088215 | CORE PROCESSING SYSTEM | 627410 |
| LSCU CORPORATION INC | |||||
| PO BOX 380428 | BIRMINGHAM | AL | 35238 | PIN TRANSACTION PROCESSOR | 270833 |
| CUNA MUTUAL GROUP | |||||
| PO BOX 2964 | MILWAUKEE | WI | 532012964 | BOND INSURANCE, LOAN FORMS, SURETY BOND, | 234687 |
| ISREAL & ASSOCIATES INC | |||||
| 2730 19TH STREET SOUTH | HOMEWOOD | AL | 35209 | ARCHITECTURAL SERVICES | 204325 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 12 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LOAN INTEREST INCOME | Description |
| Business Code | 522130 | BusinessCode |
| Total Revenue Column | 21125327 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21125327 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 21125327 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3053588 | TotalRevenueColumn |
| Exclusion | $3,053,588 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19128 | TotalRevenueColumn |
| Exclusion | $19,128 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 6657 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 6657 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 61972820 | Securities |
| Other | 14156 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 61848459 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 124361 | Securities |
| Other | 14156 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 138517 | TotalRevenueColumn |
| Exclusion | $138,517 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NSF AND CHECK FEES | 522130 | 4212089 | 4212089 |
| CREDIT CARD FEES | 522130 | 2737624 | 2737624 |
| OTHER ACCOUNT FEES | 522130 | 887372 | 887372 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1222574 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21599 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1200975 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 9059659 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 33396219 | TotalRevenueColumn |
| Related Or Exempt Function Income | 28984011 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1200975 | UnrelatedBusinessRevenue |
| Exclusion | $3,211,233 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1010088 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6259508 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 533155 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1345567 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 491322 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40121 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175092 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47724 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 230575 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1316468 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1606786 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 818597 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184495 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70765 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6069475 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 929727 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 177268 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| BAD DEBTS | 2325271 |
| CHECK AND LOAN SERVICIN | 2202142 |
| DATA PROCESSING | 1368943 |
| NSCUSIF STABILIZATION | 1160820 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1601528 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29965437 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5825309 | BOY |
| EOY | 11797292 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58748539 | BOY |
| EOY | 50099354 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 330447421 | BOY |
| EOY | 327540648 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2150074 | BOY |
| EOY | 2016736 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 35960163 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8980626 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16463885 | BOY |
| EOY | 26979537 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 102952909 | BOY |
| EOY | 148918702 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 394874 | BOY |
| EOY | 412449 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 272506 | BOY |
| EOY | 272506 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8727939 | BOY |
| EOY | 10537138 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 525983456 | BOY |
| EOY | 578574362 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5697081 | BOY |
| EOY | 7963239 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 467001014 | BOY |
| EOY | 514812133 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 472698095 | BOY |
| EOY | 522775372 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53285361 | BOY |
| EOY | 55798990 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53285361 | BOY |
| EOY | 55798990 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 525983456 | BOY |
| EOY | 578574362 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 3430782 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -917153 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3861179 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 5801058 | OtherCostOrOtherBasis |
| Book Value | 9662237 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19561134 | OtherCostOrOtherBasis |
| Depreciation | 3666627 | Depreciation |
| Book Value | 15894507 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 423760 | OtherCostOrOtherBasis |
| Depreciation | 416493 | Depreciation |
| Book Value | 7267 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6313032 | OtherCostOrOtherBasis |
| Depreciation | 4897506 | Depreciation |
| Book Value | 1415526 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 26979537 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED BENEFITS | $1,583,883 |
| MEMBER DEPOSITS | $513,156,625 |
| DUE TO TFS, INC. | $71,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 514812133 | TotalOfAmounts |
| Total Revenue | 33396219 | TotalRevenue |
| Total Expenses | 29965437 | TotalExpenses |
| Excess Or Deficit For Year | 3430782 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -917153 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -917153 | TotalAdjustments |
| Excess Or Deficit Per FS | 2513629 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 33692758 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 312639 | OtherRevenues |
| Revenue Not Rptd F990 | 312639 | RevenueNotRptdF990 |
| Revenue Subtotal | 33380119 | RevenueSubtotal |
| Other Revenues Not Included | 16100 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16100 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 33396219 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 30261976 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 312639 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 312639 | ExpensesNotRptdF990 |
| Expenses Subtotal | 29949337 | ExpensesSubtotal |
| Other Expenses Not Included | 16100 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16100 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 29965437 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES FOR WHICH THE NET TAXABLE INCOME IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2011 AND 2010, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS (AFTER 2008 FOR FEDREAL AND STATE). |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | NET CONSOLIDATION OF TELCO FINANCIAL SERVICES, INC. 312,639. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES NETTED INTO INCOME 16,100. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | NET CONSOLIDATION OF TELCO FINANCIAL SERVICES, INC. 312,639. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES NETTED INTO INCOME 16,100. |
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 | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LINDA CENCULA | |||||||||||||
| 248909 | 0 | 10000 | 0 | 0 | 0 | 13039 | 0 | 13249 | 0 | 285197 | 0 | 0 | 0 |
| WILLIAM R CHANCELLOR | |||||||||||||
| 136215 | 0 | 5924 | 0 | 0 | 0 | 7214 | 0 | 12065 | 0 | 161418 | 0 | 0 | 0 |
| BRAD DISMUKES | |||||||||||||
| 114192 | 0 | 36447 | 0 | 0 | 0 | 9024 | 0 | 10793 | 0 | 170456 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ALABAMA TELCO 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 CAN MEET ANY OF THE ELIGIBILITY REQUIREMENTS BELOW: -IF YOU LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE FOLLOWING COUNTIES; AUTAUGA, BALDWIN, CALHOUN, COFFEE, ELMORE, GENEVA, HOUSTON, JEFFERSON, MADISON, MOBILE, MONTGOMERY, PIKE, SHELBY, ST. CLAIR, TALLADEGA, OR TUSCALOOSA. -IF YOU ARE AN EMPLOYEE OF AN ALABAMA TELCO SELECT EMPLOYEE GROUP. -IF YOU ARE RELATED BY BLOOD OR MARRIAGE TO MEMBERS OF ALABAMA TELCO CREDIT UNION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE CREDIT UNION ELECT BOARD MEMBERS AT THEIR ANNUAL MEETING. ANY OPEN POSITIONS ON THE BOARD ARE FILLED AT THIS TIME. IN ORDER FOR A BOARD MEMBER TO BE ELECTED A QUORUM MUST BE PRESENT AT THE MEETING. | |
| FORM 990, PART VI, SECTION A, LINE 7B | BYLAW CHANGES ARE VOTED ON BY MEMBERS. | |
| 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 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 | THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH THE REQUIREMENTS OF THE PERSONNEL POLICY FOR EMPLOYEES. THIS POLICY REQUIRES THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BE REPORTED IN WRITING TO THE PRESIDENT OF THE CREDIT UNION WHETHER THE CONFLICT ARISES FROM ACTIONS OF AN EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION OR FROM A FAMILY MEMBER OF ANY EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION. BOARD AND COMMITTEE MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE STATEMENT. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS REVIEW THE CEO'S SALARY ON AN ANNUAL BASIS. THE BOARD REVIEWS THE PERFORMANCE OF THE CEO WHILE TAKING INTO ACCOUNT THE OVERALL PERFORMANCE OF THE CREDIT UNION. ADDITIONALLY, THE BOARD USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH COMPEASE DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. COMPENSATION FOR OTHER OFFICERS, KEY EMPLOYEES & MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS BY THE CEO. THE CEO USES SIMILAR SALARY SURVEY DATA WHILE TAKING INTO CONSIDERATION THE TYPE OF WORK PERFORMED, SUPERVISOR PERFORMANCE EVALUATIONS, AND THE OVERALL PERFORMANCE OF THE CREDIT UNION. | |
| 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 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -917,153. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C | NO CHANGES HAVE OCCURRED IN THE PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TELCO FINANCIAL SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 360287 | AddressLine1 |
| City | BIRMINGHAM | City |
| State | AL | State |
| ZIP Code | 35236 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202468342 | EIN |
| Primary Activity | FINANCIAL SERVICES | PrimaryActivity |
| Legal Domicile State | AL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 20573 | ShareOfTotalIncome |
| Share Of EOY Assets | 82199 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TELCO FINANCIAL SERVICES | ||
| A | 6657 | VALUE OF THE RENTAL SPACE |
| TELCO FINANCIAL SERVICES | ||
| K | 211240 | COST OF THE PERSONNEL TIME USED |
| TELCO FINANCIAL SERVICES | ||
| P | 74169 | COST OF THE EXPENSE |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | SCH R, PART V, LINE 2: | ReturnReference |
| Explanation | LINE 1 - RENTAL PAYMENTS FOR OFFICE SPACE LINE 2- MANAGEMENT FEES PAID FOR SERVICES LINE 3 - OTHER REIMBURSED EXPENSES | Explanation |