2012-10-11T16:46:23-05:00 2011-12-31 631077072 BARFIELD MURPHY SHANK & SMITH PC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2011-01-01 630333902 CREDIT UNIONS IN THE STATE OF AL LISTERHILL CREDIT UNION CRED 2563839204 PO BOX 566 SHEFFIELD AL 356600566 BRAD GREEN 2563839204 2012-10-10 1 JACK KNIGHT CPA P00192609 2059825500 2011 2016-02-24 21:20:13Z BRAD GREEN PO BOX 566 SHEFFIELD AL 356600566 51867323 0 X WWW.LISTERHILL.COM X 1952 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 9 9 268 12 90990 -47309 0 0 23817096 24002261 2848922 3324938 7530291 9192662 34196309 36519861 0 6000 0 0 10563021 10879538 0 0 0 21811552 18793070 32374573 29678608 1821736 6841253 497557025 540798530 451801494 488880657 45755531 51917873 X LISTERHILL CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO IMPROVE THE QUALITY OF LIFE FOR THE MEMBERSHIP BY PROVIDING COST EFFECTIVE SERVICES TO MEET THEIR FINANCIAL NEEDS WHILE MAINTAINING FINANCIAL SOUNDNESS AND PROMOTING THE CREDIT UNION PHILOSOPHY. 0 0 69,855 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24739 0 1 268 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 1 0 1 1 1 1 1 1 1 1 0 X CLAY MORGAN 2563146589 4790 2ND STREET MUSCLE SHOALS AL 35661 JAMES HOLIDAY 1.00 X 0 0 0 W HILTON TIREY 1.00 X 0 0 0 DAVID JEFFREYS 1.00 X 0 0 0 LARRY HESTER 1.00 X 0 0 0 MARK MASSEY 1.00 X 0 0 0 MARTHA NEESE 1.00 X 0 0 0 FRANKLIN BROWN 1.00 X 0 0 0 CYRILL B MANN 1.00 X 0 0 0 HAROLD HITES 1.00 X 0 0 0 BOB LITTLE 1.00 X 0 0 0 OTIS DICKERSON 1.00 X 0 0 0 BRAD GREEN 40.00 X 251406 0 49981 CLAY MORGAN 40.00 X 107425 0 29024 DARYL MCMINN 40.00 X 87982 0 25898 IVAN FIKE 40.00 X 72106 0 18944 JOYCE BATES 40.00 X 72355 0 16013 CAROLYN CONWAY 40.00 X 88770 0 17824 680044 0 157684 2 0 1 0 BLUE CROSSBLUE SHIELD PO BOX 360037 BIRMINGHAM AL 352360037 EMPLOYEE INSURANCE 1135773 AT&T PO BOX 13148 NEWARK NJ 071015648 TELEPHONE SERVICE 405506 FISERV 450 ROSE DRIVE FLORENCE AL 35630 CORE PROCESSOR 360580 CUNA MUTUAL GROUP 5910 MINERAL PINT ROAD MADISON WI 53705 INSURANCE 263856 AIT 215 S COURT ST ST 510 FLORENCE AL 35630 IT SUPPORT 246610 17 LOAN INTEREST INCOME 522130 24002261 24002261 24002261 3178269 3178269 92511 92511 9150 13600 -4450 -4450 -4450 15228861 251670 14856303 477559 372558 -225889 146669 146669 CHECKING ACCOUNT FEES 522130 3530855 3530855 CREDIT CARD AND INTERC 522130 3094509 3094509 ACCOUNT FEE & CHARGES 522130 1691958 1691958 787279 696289 90990 9104601 36519861 33015872 90990 3412999 6000 837728 6878139 2554717 608954 48404 190081 2114 261935 668247 1313222 560 441190 53383 32426 6107484 1293992 339980 DATA PROCESSING 2329814 OTHER OPERATING EXPENSE 1271816 NCUSIF STABILIZATION EX 1146812 REAL ESTATE SERVICES 853153 2438457 29678608 13554283 12821884 36706077 14291199 152692 237882 341658151 361730093 2327921 3801050 26358128 10219025 17680232 16139103 75666905 121365465 2340270 2413069 7470494 7998785 497557025 540798530 2040034 2666647 449761460 486214010 451801494 488880657 X 0 0 0 0 45755531 51917873 45755531 51917873 497557025 540798530 X 6841253 -678911 X X 0 0 0 2160649 2160649 16386468 3504951 12881517 213480 183081 30399 7597531 6530993 1066538 16139103 MEMBER DEPOSITS 486214010 486214010 1 EDUCATIONAL SCHOLARSHIPS FOR POST SECONDARY EDUCATION FOR MEMBERS OF LISTERHILL CREDIT UNION IN THE AMOUNT OF $1,000 PER ELIGIBLE MEMBER. 6 6000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP MONEY IS DISTRIBUTED TO THE RECIPIENT'S CHOSEN EDUCATIONAL INSTITUTION'S FINANCIAL AID OFFICE. THE SCHOLARSHIP MONEY IS NOT DISTRIBUTED TO THE INDIVIDUAL. PART III: THE MARKETING DEPARTMENT DETERMINES THE NUMBER OF SCHOLARSHIP RECIPIENTS BASED ON THE ANNUAL SCHOLARSHIP BUDGET OF THE CREDIT UNION WHICH IS DETERMINED BY THE BOARD OF DIRECTORS AFTER AN ANNUAL REVIEW OF THE CURRENT FINANCIAL CONDITION OF THE CREDIT UNION. X 0 0 0 BRAD GREEN 251406 0 0 0 0 0 33253 0 16728 0 301387 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE 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 MUST LIVE, WORK, OR ATTEND SCHOOL IN COLBERT, CULLMAN, FAYETTE, FRANKLIN, LAMAR, LAUDERDALE, LAWRENCE, LIMESTONE, MARION, MORGAN, WALKER, OR WINSTON COUNTIES IN NORTH ALABAMA. A PERSON CAN ALSO BECOME A MEMBER IF THEY ARE RELATED TO A CURRENT MEMBER OR IF THEY WORK FOR A MEMBER COMPANY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING. 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 10B WHILE THE CREDIT UNION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE BRANCHES, ALL BRANCHES ARE HELD ACCOUNTABLE TO THE SAME POLICIES AS THE MAIN BRANCH. 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 CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF AND DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. INDEPENDENTLY PREPARED REGIONAL SALARY SURVEYS ARE AVAILABLE FOR USE BY THE BOARD IN THE COMPENSATION DETERMINATION PROCESS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 96,642. PENSION ADJUSTMENT -775,553. TOTAL TO FORM 990, PART XI, LINE 5: -678,911. FORM 990, PART XII LINE 2 ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION'S SEPTEMBER 30TH FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. SCHEDULE R, PART V, LINE 2 LINE (1) TRANACTION TYPE L- CHECK CASHING SERVICES PERFORMED AT FAIR MARKET VALUE OF THE SERVICES LISTERHILL CREDIT UNION SERVICES INC PO BOX 566 SHEFFIELD AL 35660 201572421 CREDIT UNION SERVICES AL N/A C 2093 28297 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 LISTERHILL CREDIT UNION SERVICES INC L 4951 FAIR MARKET VALUE FOR SERVICES