2011-08-15T07:20:03-05:00 2010-12-31 MAULDIN & JENKINS CPAS LLC 200 GALLERIA PARKWAY SE SUITE 1700 ATLANTA GA 303395946 990 2010-01-01 580146810 ATLANTA POSTAL CREDIT UNION ATLA 4047684126 3900 CROWN ROAD ATLANTA GA 303800001 DONALD A DECINQUE 4047684126 2011-08-08 1 JEFF T FUCITO 7709558600 X 2010 2016-02-24 21:20:13Z GARY KYLE 3900 CROWN ROAD ATLANTA GA 303800001 79875358 0 X WWW.APCU.COM X 1925 GA PROVIDING FINANCIAL SERVICES TO ATLANTA POSTAL CREDIT UNION MEMBERS. 9 8 170 14 0 0 0 0 65307283 59142521 26962750 20732837 0 0 92270033 79875358 0 0 0 0 10999266 10292110 0 0 0 89775239 61867287 100774505 72159397 -8504472 7715961 2057962766 1939474085 1837201371 1721338221 220761395 218135864 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 90,000 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 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 0 1 48346 0 1 170 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 GARY KYLE 4047684126 3900 CROWN ROAD ATLANTA GA 30380 KATHERINE BROWN 1.00 X 9800 0 0 DONALD A DECINQUE 40.00 X X 335294 0 11666 DAVID DISHAROON 1.00 X 0 0 0 ROYCE L JACKSON 1.00 X 5960 0 0 J T MIDDLEBROOKS 1.00 X 8000 0 0 HENRY P MULKEY 1.00 X 9964 0 0 MOSES M SPENCE 1.00 X 0 0 0 BUD WILKINSON 1.00 X 0 0 0 ROY MATTHEWS 1.00 X 9024 0 0 GARY KYLE 40.00 X 160723 0 12916 CHUCK HEAD 40.00 X 153427 0 9137 JANET SPRUELL 40.00 X 128507 0 11666 DIANNE YOST 40.00 X 119629 0 9137 TERRENCE GRIFFIN 40.00 X 135250 0 12916 1075578 0 67438 6 0 1 0 DIGITAL INSIGHT PO BOX 515306 LOS ANGELES CA 900516606 WEBSITE HOSTING / AFTER HOURS LOAN CALL 1383001 FIS PO BOX 88440 MILWAUKEE WI 532880440 CARD PROCESSING / AFTER HOURS LOAN CALL 1357659 THOMPSON O'BRIEN KEMP AND NASUTI 40 TECHNOLOGY PKWY SOUTH SUITE 300 NORCROSS GA 30092 LEGAL SERVICES FOR LOAN COLLECTIONS 513385 3 INTEREST ON LOANS 522100 54122996 54122996 OTHER OPERATING INCOME 522100 5019525 5019525 59142521 20732837 20732837 79875358 79875358 0 0 725911 6387039 1542807 1124616 511737 7854 111597 269919 975108 5637752 861392 150121 695578 DIVIDENDS AND INTEREST 36901202 PROVISION FOR LOAN LOSS 8400000 MEMBER INSURANCE 4985144 LOAN SERVICING EXPENSE 2362641 MISCELLANEOUS EXPENSE 341693 167286 72159397 171872469 231059081 826253613 822130579 8663249 7160196 1838080 1503053 1018980446 852387389 39018158 32393983 2057962766 1939474085 6320201 6949715 1830881170 1714388506 1837201371 1721338221 X 0 0 0 0 220761395 218135864 220761395 218135864 2057962766 1939474085 X 7715961 -10341492 X X 0 1 1 X 0 161314 161314 0 1508428 1075115 433313 6993507 5923767 1069740 1503053 MUTUAL FUNDS 2363669 F FEDERAL AGENCY SECURITIES 806054815 F GEORGIA CENTRAL CU PCB 3968905 C CREDIT UNION INVESTMENTS 40000000 C 852387389 ACCRUED DIVIDENDS 350779 SHARES AND DEPOSITS 1714037727 1714388506 79875358 72159397 7715961 -6859243 -3482249 -10341492 -2625531 73016115 -6859243 -6859243 79875358 0 79875358 75641646 3482249 3482249 72159397 0 72159397 PART XI, LINE 8 - OTHER ADJUSTMENTS: ADJUSTMENT TO RECOGNIZE FUNDED STATUS OF PENSION PLAN -3,482,249. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO RECOGNIZE FUNDED STATUS OF PENSION PLAN 3,482,249. X 1 1 X X 0 0 0 DONALD A DECINQUE 325000 0 5000 0 5294 0 0 0 11666 0 346960 0 0 0 GARY KYLE 159473 0 1250 0 0 0 0 0 12916 0 173639 0 0 0 CHUCK HEAD 152177 0 1250 0 0 0 0 0 9137 0 162564 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. FORM 990, PART VI, SECTION A, LINE 6 ATLANTA POSTAL CREDIT UNION IS A STATE-CHARTERED CREDIT UNION WITH OVER 90,000 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 ATLANTA POSTAL CREDIT UNION CEO AND DIRECTOR WILL REVIEW FORM 990 ON BEHALF OF THE BOARD. THE BOARD WILL RELY ON THIS DIRECTOR'S REVIEW AND AFFIRMATION OF FORM 990. 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,859,243. ADJUSTMENT TO RECOGNIZE FUNDED STATUS OF PENSION PLAN -3,482,249. TOTAL TO FORM 990, PART XI, LINE 5: -10,341,492. FORM 990. PART XI, LINE 2C. THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS NOR THE FINANCIAL STATEMENT REVIEW. FORM 990 PART X BALANCE SHEET THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS REPORTED ON THE AUDITED FINANCIAL STATEMENTS UNDER FIN 48.