2023-11-15T13:43:41-06:00 2022-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2022-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 JUSTIN MORRIS EXECUTIVE VICE PRESIDENT 2707968500 2023-11-15 1 JUSTIN MORRIS 999009999 0 MICHAEL P COOK P01398822 5024269660 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 12679775 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO UNDERSTAND AND MEET OUR MEMBERS AND COMMUNITY'S NEEDS TO HELP THEM PROSPER. 7 7 95 13 11982 0 0 0 6699095 8694960 369779 768727 3039976 3216088 10108850 12679775 105000 72498 0 0 3826865 4516770 0 0 0 5346802 7029129 9278667 11618397 830183 1061378 216310461 282394544 195012614 261411601 21297847 20982943 THE MISSION OF SERVICE ONE CREDIT UNION IS TO UNDERSTAND AND MEET OUR MEMBERS AND COMMUNITY'S NEEDS TO HELP THEM PROSPER. 0 0 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 4280 0 1 95 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X JUSTIN MORRIS 2705990469 PO BOX 51770 BOWLING GREEN KY 421026770 KATHERINE MEAD SECRETARY/TREASURER 1.00 X X 0 0 0 JAMES MCCASLIN CHAIR 1.00 X X 0 0 0 HAROLD LITTLE DIRECTOR 1.00 X 0 0 0 RICHARD L MILLER DIRECTOR 1.00 X 0 0 0 CAROL GLASER VICE-CHAIR 1.00 X X 0 0 0 BRENDA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 PAT STEWART DIRECTOR 1.00 X 0 0 0 REBECCA STONE PRESIDENT AND CEO 40.00 X 295000 0 98134 MARK FLOYD VP CHIEF LENDING OFFICER 40.00 X 217361 0 17625 MICHELLE DYER SVP/CHIEF OPERATING OFFICE 40.00 X 106060 0 19398 JUSTIN MORRIS EVP CHIEF FINANCIAL OFFICE 40.00 X 114322 0 13734 BRAD BROWN VP ENTERPRISE RISK MGMT 40.00 X 77000 0 11718 ROB HERRINGTON SVP/CHIEF TECHNOLOGY OFFIC 40.00 X 108656 0 12589 ANTHONY SEAN MOORE VP PAYMENT SYSTEMS 40.00 X 197597 0 15090 1115996 0 188288 6 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 805332 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 741978 PIERCE SHADOAN 908 STATE ST BOWLING GREEN KY 42101 ATTORNEY FEES 343512 ALKAMI PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING CLOUD 251614 DKN ARCHITECTS 716 EAST MARKET STREET LOUISVILLE KY 40202 ARTCHITECTURAL FEES 140735 5 INTEREST INCOME ON LOANS TO MEMBE 522291 8694960 8694960 8694960 465266 465266 303461 0 303461 303461 303461 VISA CHECK FEES 522100 1277073 1277073 NSF AND ODP FEES 522100 1264559 1264559 NON-INTEREST INCOME 522100 595823 595823 78633 66651 11982 3216088 12679775 11899066 11982 768727 72498 1115996 2395228 244140 508670 252736 101457 45837 272513 221483 275304 446727 189427 1406199 257111 69372 OTHER EXPENSES 2187761 DEBIT CARD OPERATIONS 589871 PROVISION FOR LOAN AND 572117 CREDIT CARD OPERATIONS 293188 100762 11618397 415549 2076012 33282996 14605975 462539 435910 147550551 228436319 454971 1065600 12049986 5646947 3649708 6403039 18799851 17598679 1277040 11694296 10495970 216310461 282394544 1474273 1773535 309747 395023 0 23275000 193228594 235968043 195012614 261411601 X 0 0 2152518 2207162 19145329 18775781 21297847 20982943 216310461 282394544 1061378 -1376282 0 X 0 0 0 0 1 X 2685091 2685091 6237938 2946602 3291336 3126957 2700345 426612 6403039 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 1819479 F VISA CLASS B STOCK 362882 F COMPANY OWNED LIFE INSURANCE 3124827 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 1891000 C CHARITABLE DONATION INVESTMENTS 882378 C MBS BONDS 4263076 F GOVERNMENT AGENCY BONDS 4137722 F TREASURY NOTES 217315 F 17598679 MEMBER SHARE DEPOSITS 87973783 MEMBER SHARE DRAFTS 68552310 MEMBER SHARE CERTIFICATES 52236950 NON MEMBER DEPOSITS 27205000 235968043 PART IV, LINE 2B: THE CREDIT UNION COLLECTS FUNDS FROM ITS MORTGAGE LOAN BORROWERS AND HOLDS THE FUNDS IN ESCROW TO PAY THE BORROWERS REAL ESTATE TAXES AND PROPERTY INSURANCE PREMIUMS. 1 SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNICAL COLLEGE 020738080 501(C)(3) 22500 0 CASH DONATION - FMV TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT 1 PART I, LINE 2 SERVICE ONE CREDIT UNION GRANTED $22,500 IN SCHOLARSHIPS FOR STUDENTS WHO ATTEND SOUTHCENTRAL KENTUCKY COMMUNITY AND TECHNICAL COLLEGE. X 0 1 0 REBECCA STONE PRESIDENT AND CEO 175000 0 10000 0 110000 0 90613 0 7521 0 393134 0 0 0 MARK FLOYD VP CHIEF LENDING OFFICER 104861 0 2500 0 110000 0 5757 0 11868 0 234986 0 0 0 ANTHONY SEAN MOORE VP PAYMENT SYSTEMS 87597 0 0 0 110000 0 4820 0 10270 0 212687 0 0 0 PART I, LINE 4B REBECCA STONE - $9,531 JUSTIN MORRIS - $6,213 MICHELLE DYER - $5,758 MARKUS FLOYD - $5,757 ROBERT HERRINGTON - $5,068 BRAD BROWN - $4,197 JOSEPH P STEWART BOARD MEMBER AUTO LOAN X 29550 23769 0 1 1 JOSEPH P STEWART BOARD MEMBER COMMERCIAL EQUIPMENT X 27500 9014 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 28 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 36906 0 1 1 HAROLD LITTLE JR BOARD MEMBER AUTO LOAN X 35030 15083 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT AUTO LOAN X 32268 26775 0 1 1 BRAD BROWN VICE PRESIDENT OF ENTERPRISE RISK MANAGEMENT MORTGAGE X 160000 143045 0 1 1 MARKUS FLOYD VP CHIEF LENDING OFFICER HELOC X 100000 0 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER AUTO LOAN X 20267 13727 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER AUTO LOAN X 39622 29571 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER HELOC X 50000 48211 0 1 1 ROBERT HERRINGTON SVP / CHIEF TECHNOLOGY OFFICER RECREATIONAL VEHCILE X 75054 72119 0 1 1 JOSEPH P STEWART BOARD MEMBER RECREATIONAL VEHCILE X 17650 17662 0 1 1 435910 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 16,431 MEMBERS AS OF DECEMBER 2022. 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 APRIL OF EACH YEAR. 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. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT PDF COPY OF THE FORM 990 IS EMAILED TO THE PRESIDENT/CEO TO REVIEW PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE CREDIT UNION ARE REQUIRED ANNUALLY TO DISCLOSE IN WRITING ON FORMS THAT THEY ARE NOT ENGAGED IN ANY RELATIONSHIPS CONSTITUTING A CONFLICT OF INTEREST WITH THE CREDIT UNION'S BUSINESS, WHICH FORMS ARE MAINTAINED WITH HUMAN RESOURCES, 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 EXCEPTIONS TO THE ATTENTION OF STATE AND FEDERAL EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES 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 BEEN MET. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 AND THE CREDIT UNION'S INTERNALLY PREPARED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AS ARE ALL OTHER PUBLICLY AVAILABLE DOCUMENTS.