2012-08-15T14:28:15-07:00 2011-12-31 990 2011-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 P O BOX 51770 BOWLING GREEN KY 421026770 Stephen Carrico 2707968500 2012-08-14 2011 2016-02-24 21:20:13Z Valerie C Brown 1296 Barclay Court Bowling Green KY 42103 22360761 0 X www.socu.com X 1963 KY The mission of Service One Credit Union is to provide the best contemporary financial services to meet the changing needs of a dynamic and diverse membership 7 7 63 10 20537 0 0 0 4696911 4586088 116864 273081 2142128 2400069 6955903 7259238 0 0 1501 1367 2657866 2990805 0 0 0 3868430 3753996 6527797 6746168 428106 513070 98851819 107436494 88554193 96456833 10297626 10979661 The mission of Service One Credit Union is to provide the best contemporary financial services to meet the changing needs of a dynamic and diverse membership 0 0 6746168 0 7259238 Service One Credit Union provides savings and lending services and products to its field of membership 0 0 0 6746168 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 3583 0 1 63 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Stephen Carrico 2707968500 P O Box 51770 Bowling Green KY 421026770 Freddie Arie 1 X 0 0 0 Louella Fong 1 X 0 0 0 C Richard Aldridge 1 X 0 0 0 Harold Little 1 X 0 0 0 Leslie Weigel 1 X 0 0 0 Richard L Miller 1 X 0 0 0 Carol Glaser 1 X 0 0 0 Brenda M Willoughby 1.5 X 0 0 0 Pat Stewart 1 X 0 0 0 James McCasslin 1 X 0 0 0 Valerie C Brown 40 X 117682 0 7967 Leah Eckley 40 X 81417 0 6098 Stephen Carrico 40 X 70348 0 4221 Kristie Kennedy 40 X 67566 0 5067 Anthony Sean Moore 40 X 61249 0 4594 398262 0 27947 1 0 0 0 Share One Inc 2650 Thousand Oaks Blvd Memphis TN 38118 Computer core processing system 113881 CMD Health Insurance Inc P O Box 950262 Louisville KY 40295 Health Insurance 185267 PSCU Financial Services 560 Carrillion Parkway St Petersburg FL 33716 Debit Card and Credit Card processing 262739 3 0 Interest Income on Loans to Members 522130 4586088 4586088 0 0 0 0 0 0 4586088 285094 285094 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15089000 510 15089000 12523 0 -12013 -12013 -12013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NSF and ODP Fees 522130 880821 880821 0 0 Visa Check Fees 522130 445148 445148 0 0 Delinquent Fees 522130 92753 92753 0 0 981347 960810 20537 0 2400069 7259238 7238701 20537 0 0 0 0 1367 479445 0 2050478 102160 206255 152467 154552 238604 30675 0 0 0 0 170602 217962 205532 0 207528 5805 0 75458 762154 0 350438 19992 NCUA TCCUSIF Premium Assessment 235489 Provision for Loan and ODP Losses 331360 Debit Card Operations 310482 Credit Card Operations 194797 242566 6746168 0 0 0 1628165 6482997 9145622 7987503 0 0 64882351 67987097 0 0 0 0 0 0 0 0 241720 220815 9591463 4020386 5838361 5571077 0 0 0 0 10518239 12055076 0 0 6597361 7131929 98851819 107436494 700156 1215213 0 0 0 0 0 0 83487 104219 0 0 0 0 0 0 87770550 95137401 88554193 96456833 X 0 0 2152518 2152518 8145108 8827143 10297626 10979661 98851819 107436494 X 513070 168965 X 0 1 1 X 0 0 1 0 624407 624407 0 5355963 1184529 4171434 0 0 0 0 0 3611093 2835857 775236 0 0 0 0 5571077 Certificates of Deposit > 1 Year in Maturity 2969520 F GSE Agency Bonds 4505614 F Visa Class B Stock 134730 F Company Owned Life Insurance 2558991 F Municipal Bonds 371477 F Investment in Corporate Credit Unions 1361344 C FHLB Stock 153400 C 12055076 NCUSIF Deposit 941955 Plan 457(b) Deposit 126634 Plan 457(f) Deposits 5499720 Compensating Bank Balance 150000 Accounts and Other Receivables 283395 Miscellaneous Assets 130225 7131929 0 Member Share Deposits 37205729 Member Share Drafts 25820106 Member Share Certificates 32111566 95137401 7259238 6746168 513070 0 0 0 0 0 0 513070 7259238 0 0 0 0 0 7259238 0 0 0 7259238 6746168 0 0 0 0 0 6746168 0 0 0 6746168 SchD_P04_S00_L02b Schedule D, Part IV, Line 2b The credit union collects funds from its mortgage loan borrowers and and holds the funds to in escrow to pay the borrowers real estates taxes and property insurance premiums Richard L Miller Residential Mortgage X 80255 72997 0 1 1 72997 F990_P05_S00_L03b Form 990, Part V, Line 3b Form 990-T for Service One Credit Union is on extension and will be filed on or before the extended due date of November 15, 2012 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 Service One Credit Union is a nonprofit cooperative organized under the laws of the state of Kentucky and had approximately 14300 members as of December 2011 F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a Each member of the Board of Directors is nominated for election to a three year term by the members present at the annual meeting held in March of each year. F990_P06_S0A_L07b Form 990, Part VI, Section A, Line 7b Any member of the credit union may attend the annual Members meeting to present any item of business for consideration for the entire membership including a vote to reverse prior decisions made by the governing body upon obtaining a majority vote to do so F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b A draft PDF copy of the Form 990 is emailed to all Board members to ask for each members review and questions regarding the output of the the Form 990. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Officers and Directors of the credit union are required annally to disclose in writing on forms that they are not engaged in any relationshiops constituting a conflict of interest with the credit union's business, which forms are maintained with the AVP of HR, and are monitored on an ongoing basis by the Security Officer. If and when a conflict does arise it is brought to the attention of the CEO and Board of Directors. The Security Officer brings the execptions to the attention of state and federal examiners. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors evaluates the the performance and salary of the CEO annually. The Board assesses the performance against targets established in the previous year to determine the extent to which goals were met. For other management employees the credit union uses the services of an employment specialist to determine pay ranges for each job position. Annual performance reviews are conducted by supervisors of each employee to determine the extent to which goals have geen met. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Form 990 and the credit union's financial statements are made available upon request as are all othe pubically available documents F990_P11_S00_L05 Form 990, Part XI, Line 5 Increase in the balance of Unrealized Gains on AFS Securities