2023-09-18T13:06:52-05:00 2022-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-01-01 580905515 THE SOUTHERN CREDIT UNION SOUT 7704603267 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 JAMES A PHILLIPS EVP 7704603216 2023-09-18 1 JAMES PHILLIPS XXX-XX-XXXX 0 MARY JO ALEXANDER P00002534 7709558600 2023-09-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAY HULL 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 19126738 0 X WWW.SOUTHERNONLINE.ORG X STATE-CHARTERED CREDIT UNION 1963 GA AS A STATE-CHARTERED CREDIT UNION, WE PROVIDE THRIFT SAVINGS, LOANS AND OTHER FINANCIAL SERVICES TO OUR MEMBERS. 7 6 90 1 65633 0 0 0 14190073 14001214 2599428 4727797 117343 397640 16906844 19126651 16050 16550 0 0 7596535 7601438 0 0 0 6952678 7771565 14565263 15389553 2341581 3737098 537763976 543217468 491324213 512997406 46439763 30220062 OUR MISSION IS TO ENHANCE THE LIVES OF THE MEMBERS WE SERVE BY HELPING MAKE THEIR FINANCIAL GOALS A REALITY. 0 0 PROVIDE THRIFT SAVINGS, LOANS, AND OTHER FINANCIAL SERVICES TO 32,505 MEMBERS, AS A STATE-CHARTERED CREDIT UNION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3405 0 1 90 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X JIM PHILLIPS 7707191111 430 E LANIER AVE FAYETTEVILLE GA 30214 RAY HULL CEO/TREASURER 40.00 X X 598413 0 251868 MORRIS KELLY CHAIRMAN 2.00 X X 15000 0 0 WILTON MARCHMAN VICE CHAIR 2.00 X X 15000 0 0 JOHN RICK HALBERT SECRETARY 1.50 X X 15000 0 0 ROBERT MATTHEWS DIRECTOR 1.50 X X 15000 0 0 RANDY HOBBS DIRECTOR 1.50 X X 15000 0 0 MICHAEL FORAN DIRECTOR 1.50 X X 15000 0 0 JIM PHILLIPS CFO 40.00 X 391752 0 126226 JAMES RICHARDS VP OF MORTGAGES 40.00 X 227068 0 52262 BARRY GRIFFIN VP OF BRANCH SERVICES 40.00 X 172062 0 36682 JOHN PURDY CHIEF LENDING OFFICER 40.00 X 188517 0 19252 TIM PLESS CHIEF TECHNOLOGY OFFICER 40.00 X 176052 0 26302 KEITH SALTZMAN SENIOR DATA ANALYST 40.00 X 155694 0 24372 SHANNON MESEROLE VP RISK MANAGEMENT 40.00 X 130150 0 13395 JASON MONTROIS REGIONAL MARKET MGR 40.00 X 104599 0 19830 STEVEN RICHARDSON HR DIRECTOR 40.00 X 100270 0 18108 JARED THOMPSON REGIONAL MARKET MGR 40.00 X 101861 0 18352 2436438 0 606649 12 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CARD AND CORE PROCESSING 1059449 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 HOMEBANKING 705740 BITDIAMOND COMMUNICATIONS SOLUTIONS 710 SW 34TH STREET RENTON WA 98057 STATEMENT PROCESSOR 197753 DIEBOLD 50 EXECUTIVE PARKWAY HUDSON OH 44236 ATM VENDOR 180623 4 INTEREST ON LOANS 522100 8309909 8309909 FEES & OTHER OPERATING INCOME 522100 5691305 5625672 65633 14001214 4727884 4727884 100063 100063 87 -87 -87 -87 INVEST RECOVERY-CLOSED CU 900099 297577 297577 297577 19126651 13935581 65633 5125437 4550 12000 2356455 4106352 296120 454509 388002 25679 135948 31832 459856 264615 1698984 28292 756152 158459 32292 757615 127589 LOAN SERVICING 1599318 INTERNET BANKING EXPENS 705895 DIVDS AND INTEREST 593417 UBI TAX 810 394812 15389553 14597225 25387761 119975205 40358825 8855156 9054179 190621065 214700163 26748385 11658607 15394274 15089778 170160194 219624456 844886 876486 17315971 18125820 537763976 543217468 4805474 6975607 486518739 506021799 491324213 512997406 X 0 0 0 0 46439763 30220062 46439763 30220062 537763976 543217468 3737098 -19956799 0 X 0 1 X 0 0 4279334 4279334 15325528 5118494 10207034 326633 326031 602 6816890 6214082 602808 15089778 SHARES AND DEPOSITS 506021799 506021799 -825991 -19952642 -19952642 19126651 0 19126651 15389553 0 15389553 0 15389553 1 EDUCATIONAL ASSISTANCE 8 12000 PART I, LINE 2: EDUCATIONAL GRANTS ARE AWARDED TO STUDENTS WHO RESIDE IN GEORGIA COUNTIES WHERE THE SOUTHERN CREDIT UNION CONDUCTS BUSINESS. MONIES ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION THEY ATTEND FOR THE BENEFIT OF THE SELECTED STUDENT. X 1 1 X X X 0 1 0 RAY HULL CEO/TREASURER 455829 0 100000 0 42584 0 236097 0 15771 0 850281 0 0 0 JIM PHILLIPS CFO 295700 0 75000 0 21052 0 113905 0 12321 0 517978 0 0 0 JAMES RICHARDS VP OF MORTGAGES 209328 0 17500 0 240 0 21750 0 30512 0 279330 0 0 0 BARRY GRIFFIN VP OF BRANCH SERVICES 160478 0 10000 0 1584 0 17900 0 18782 0 208744 0 0 0 JOHN PURDY CHIEF LENDING OFFICER 173052 0 15225 0 240 0 17523 0 1729 0 207769 0 0 0 TIM PLESS CHIEF TECHNOLOGY OFFICER 165197 0 10303 0 552 0 16826 0 9476 0 202354 0 0 0 KEITH SALTZMAN SENIOR DATA ANALYST 148001 0 6661 0 1032 0 15019 0 9353 0 180066 0 0 0 PART I, LINE 1A BOARD SPOUSES ATTENDED ANNUAL PLANNING SESSION PART I, LINE 4B ACCRUED EXPENSES WERE MADE DURING 2022 TO THE 457F RETIREMENT PLAN, BY THE SOUTHERN CREDIT UNION ON BEHALF OF THE FOLLOWING EMPLOYEES: RAY HULL, PRESIDENT & CEO $205,597 JIM PHILLIPS, CFO 83,405 RAY HULL PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 2000000 2650031 0 1 1 TRISHA SHERPY FORMER EVP SPLIT-DOLLAR LIFE INSURANCE X 3061018 3971265 0 1 1 JIM PHILLIPS CHIEF FINANCIAL OFFICER SPLIT-DOLLAR LIFE INSURANCE X 1893295 2432883 0 1 1 9054179 FORM 990, PART VI, SECTION A, LINE 6 ALL QUALIFIED PERSONS WITH A PAR VALUE SHARE ACCOUNT ARE MEMBERS. DURING THIS REPORTING YEAR THERE WERE APPROXIMATELY 32,505 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B RETURN WILL BE PRESENTED TO THE BOARD OF DIRECTORS BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND OFFICERS ARE PROVIDED A CONFLICT OF INTEREST POLICY THAT INSTRUCTS THEM ON WHO TO CONTACT WITH ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT COMPENSATION PACKAGES ARE APPROVED BY THE BOARD OF DIRECTORS. KEY AND OTHER EMPLOYEES ARE SET BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS ARE DISPLAYED IN CREDIT UNION BRANCH LOCATIONS AND AT THE ANNUAL MEMBER MEETING WITH THE ANNUAL REPORT. FORM 990 PART X THERE ARE NO UNCERTAIN TAX LIABILITIES REPORTED UNDER FIN 48(ASC 740-10).