GEORGIA'S OWN CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GEORGIA'S OWN CREDIT UNION (EIN 58-0147128)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-08-06
IRS object ID
202102189349301205
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-08-06T08:59:15-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1109 N MAIN STREET SUITE 200AddressLine1Txt
CityAUSTINCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55912ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN580147128EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA'S OWN CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone4045751817PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 PEACHTREE ST NW NO 2800AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREGORY L GIBSONPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone4045751817PhoneNum
Signature2021-07-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGREGORYPersonFirstNm
Person LastGIBSONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTANYA MEDGAARDENPreparerPersonNm
PTINP01717240PTIN
Phone5074347000PhoneNum
Preparation2021-07-29PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID A PRETERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 PEACHTREE ST NW NO 2800AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$156,552,584GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.GEORGIASOWN.ORGWebsiteAddressTxt
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Other Organization DscCUOtherOrganizationDsc
Formation1943FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTO PROVIDE THRIFT SAVINGS/BORROWING TO MEMBER-OWNED COOPERATIVE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee663TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$663,489TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$135,079,310PYProgramServiceRevenueAmt
CY Program Service Revenue$145,345,423CYProgramServiceRevenueAmt
PY Investment Income$7,790,410PYInvestmentIncomeAmt
CY Investment Income$5,610,765CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$827,625CYOtherRevenueAmt
PY Total Revenue$142,869,720PYTotalRevenueAmt
CY Total Revenue$151,783,813CYTotalRevenueAmt
PY Grants And Similar Paid$300,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$177,930CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$9,393,745PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$12,095,189CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$47,676,049PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$51,719,096CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$64,473,540PYOtherExpensesAmt
CY Other Expenses$97,791,601CYOtherExpensesAmt
PY Total Expenses$121,843,834PYTotalExpensesAmt
CY Total Expenses$161,783,816CYTotalExpensesAmt
PY Revenues Less Expenses$21,025,886PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$10,000,003CYRevenuesLessExpensesAmt
Total Assets BOY$2,494,603,277TotalAssetsBOYAmt
Total Assets EOY$2,934,363,474TotalAssetsEOYAmt
Total Liabilities BOY$2,222,913,901TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,648,439,418TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$271,689,376NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$285,924,056NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE THRIFT SAVING/BORROWING TO MEMBER-OWNED COOPERATIVE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDED THRIFT SAVINGS/BORROWINGS TO 203,602 MEMBERS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org MemYes (1)BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document34592IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee663EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TERESA MARTINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4045751817PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 105205AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30348ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndHighest Compensated EmployeeHighestCompensatedEmployeeIndKey EmployeeKeyEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
BARRY HEAPE
SOUTHWEST REGIONAL PRESIDENT40.00Yes (X)$1,915,644$0$46,285
DAVID A PRETER
PRESIDENT / CEO40.00Yes (X)$1,435,281$0$171,741Yes (X)
ROBERT YOUNGBLOOD
REGIONAL EVP40.00Yes (X)$1,551,029$0$22,308
JOHN CAREW
CHIEF STRATEGIC OFFICER40.00Yes (X)$496,103$0$198,121
KELLY GARMON
CHIEF MEMBERSHIP OFFICER40.00Yes (X)$525,805$0$150,541
ERIC BROOME
CHIEF OPERATIONS OFFICER40.00Yes (X)$488,309$0$147,122
CINDY BOYLES
CHIEF TALENT OFFICER40.00Yes (X)$415,836$0$181,954
GREG GIBSON
CHIEF FINANCIAL OFFICER40.00Yes (X)$469,903$0$73,345
MALCOLM R GODWIN
SENIOR COMMERCIAL LENDING MANAGER40.00$507,923$0$23,152Yes (X)
DREW PUTT
CHIEF BUSINESS OFFICER40.00Yes (X)$383,859$0$61,522
AAARON W CRAIG
DIRECTOR OF MORTGAGE AND INDIRECT SALES40.00$351,896$0$37,931Yes (X)
KATHY HULSEY THRASHER
DIRECTOR FINANCIAL PROJECTS & ANALYTICS40.00$325,542$0$46,714Yes (X)
MATTHEW HAVICE
SVP, ENTERPRISE RISK MANAGEMENT AND GENERAL COUNSE40.00Yes (X)$325,273$0$36,432
KEVAN WILLIAMSON
SVP, ENTERPRISE TECHNOLOGY40.00Yes (X)$316,651$0$43,473
TERESA MARTIN
SVP, ACCOUNTING40.00Yes (X)$297,613$0$49,125
CHRISTIN HEWITT
SVP, CREDIT40.00Yes (X)$300,308$0$42,732
KENNETH BREHM
SVP, OPERATIONS40.00Yes (X)$295,644$0$44,313
LAURA KING
SVP, SALES & DIGITAL DELIVERY40.00Yes (X)$296,697$0$22,878
MICHAEL MASSEY
SVP, PRODUCT MANAGEMENT40.00Yes (X)$270,630$0$42,779
LORENZO L BROWN
VP, STRATEGIC TECHNICAL SOLUTIONS40.00$244,352$0$43,317Yes (X)
DANIEL IGLESIA
MORTGAGE SALES TEAM LEAD40.00$246,836$0$30,165Yes (X)
MICHAEL D STONE
VP, MEMBER BUSINESS LENDING40.00$244,547$0$29,483Yes (X)
TODD ADAM LAMBRIGHT
VP, RETAIL SALES40.00$252,825$0$19,682Yes (X)
DAVID A MARLOWE
PRINCIPAL MARKET DEVELOPMENT OFFICER40.00$228,587$0$43,666Yes (X)
RODNEY D COWMAN
PRINCIPAL, HR OFFICER40.00$222,769$0$35,539Yes (X)
LAURA STERLING
VP, MARKETING40.00$209,116$0$36,171Yes (X)
CLARENCE WAYNE VICKERS
COMMERCIAL LENDER40.00$219,143$0$25,477Yes (X)
RICHARD M ELLIS
VP, BUSINESS ACQUISITIONS & COMPLIANCE40.00$197,142$0$39,141Yes (X)
JAMES VICTOR BRYSON
VP, BUSINESS SERVICES40.00$176,583$0$40,242Yes (X)
SHELLEY R MULLETT
PRINCIPAL, MEMBER ADVOCACY40.00$183,701$0$28,908Yes (X)
DANIELLE CEGELIS
VP, ENTERPRISE RISK MANAGEMENT40.00$172,406$0$28,944Yes (X)
DINA HAIRSTON
VP, BUSINESS DEVELOPMENT40.00$182,963$0$16,346Yes (X)
BONNIE KIMMEY
CHIEF OPERATIONS OFFICER0.00$182,613$0$0Yes (X)
MICHAEL W BAUMGARTNER
DIRECTOR - CHAIRMAN1.00Yes (X)$20,841$0$0Yes (X)
PARTICK H CASEY
DIRECTOR - TREASURER1.00Yes (X)$20,841$0$0Yes (X)
WILLIAM E CONINE
DIRECTOR1.00$20,841$0$0Yes (X)
DAVID DICKEY
DIRECTOR - VICE CHAIRMAN1.00Yes (X)$20,841$0$0Yes (X)
JAMES L FOWLER
DIRECTOR1.00$20,841$0$0Yes (X)
GARY M LUDGOOD
DIRECTOR1.00$20,841$0$0Yes (X)
JOAN K SIMS
DIRECTOR - SECRETARY1.00Yes (X)$20,841$0$0Yes (X)
RICHARD E BURNS
DIRECTOR1.00$20,779$0$0Yes (X)
THOMAS H POLLOCK
DIRECTOR1.00$20,779$0$0Yes (X)
ERVIN M WALKER
DIRECTOR1.00$20,779$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$14,141,753TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,859,549TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K104IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CA SOUTH LLC
800 BATTERY AVE STE 420ATLANTAGA30339GENERAL CONTRACTOR$712,886
FRONT ROW MARKETING SERVICES LP
150 ROUSE BLVD 3RD FLOORPHILADELPHIAPA19112ADVERTISING$450,000
CU ENGAGE LLC
450 CARILLON PKWY SUITE 130ST PETERSBURGFL33716CONSULTING$366,598
MARKET VALUATION SERVICES
380 DAHLONEGA ST SUITE 205CUMMINGGA30040APPRAISALS$329,970
MORTGAGE CADENCE LLC
161 N CLARK STCHICAGOIL60601SOFTWARE (LENDING ORIGINATION)$262,002
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K18CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
INTEREST ON LOANS900099$97,405,302$97,405,302
OTHER INCOME524298$33,604,392$32,940,903$663,489
FEE INCOME522100$14,335,729$14,335,729
FieldValueIRS element (for citing)
Total Program Service Revenue$145,345,423TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,921,959TotalRevenueColumnAmt
Exclusion$4,921,959ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,000,000SecuritiesAmt
Other$3,457,577OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,883,452SecuritiesAmt
Other$2,885,319OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$116,548SecuritiesAmt
Other$572,258OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$688,806TotalRevenueColumnAmt
Exclusion$688,806ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescGAIN FROM BARGAIN PURCHASEDesc
Business522100BusinessCd
Total Revenue Column$827,625TotalRevenueColumnAmt
Related Or Exempt Func Income$827,625RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$827,625OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$151,783,813TotalRevenueColumnAmt
Related Or Exempt Func Income$145,509,559RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$663,489UnrelatedBusinessRevenueAmt
Exclusion$5,610,765ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$177,930TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$12,095,189TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$14,003,907TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$27,580,531TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,086,216TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$5,054,894TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,993,548TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$238,311TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$250,590TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,863,774TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$16,462,128TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,023,333TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$524,239TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,383,271TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,499,852TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PROVISION FOR LOAN LOSS$43,852,698
LOAN SERVICING EXPENSE$8,476,756
PROFESSIONAL AND OUTSID$5,132,088
MISCELLANEOUS OPERATING$3,857,375

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$227,186TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$161,783,816TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$25,770,272BOYAmt
EOY$34,254,394EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$190,768,770BOYAmt
EOY$510,972,257EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$18,339,884BOYAmt
EOY$23,040,866EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$16,291,103BOYAmt
EOY$24,204,522EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,913,219,941BOYAmt
EOY$2,047,392,444EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,094,004BOYAmt
EOY$3,920,078EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$73,615,574LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$25,084,176LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$44,644,022BOYAmt
EOY$48,531,398EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$184,775,359BOYAmt
EOY$127,944,483EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$17,880,043BOYAmt
EOY$22,195,807EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$5,641,139BOYAmt
EOY$6,383,110EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$72,178,740BOYAmt
EOY$85,524,115EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,494,603,277BOYAmt
EOY$2,934,363,474EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$35,013,536BOYAmt
EOY$29,075,889EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$153,289,000BOYAmt
EOY$1,289,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,034,611,365BOYAmt
EOY$2,618,074,529EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,222,913,901BOYAmt
EOY$2,648,439,418EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$271,689,376BOYAmt
EOY$285,924,056EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$271,689,376BOYAmt
EOY$285,924,056EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,494,603,277BOYAmt
EOY$2,934,363,474EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$10,000,003ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,069,863NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$21,164,820OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,589,058OtherCostOrOtherBasisAmt
Book Value$8,589,058BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,625,026OtherCostOrOtherBasisAmt
Depreciation$3,954,374DepreciationAmt
Book Value$14,670,652BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,196,596OtherCostOrOtherBasisAmt
Depreciation$2,932,460DepreciationAmt
Book Value$5,264,136BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$37,867,448OtherCostOrOtherBasisAmt
Depreciation$18,078,326DepreciationAmt
Book Value$19,789,122BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$337,446OtherCostOrOtherBasisAmt
Depreciation$119,016DepreciationAmt
Book Value$218,430BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$48,531,398TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)

DescDescAmtAmt
SHARE DRAFTS$586,632,217
REGULAR SHARES$1,015,017,690
MONEY MARKET SHARES$473,107,924
SHARE CERTIFICATES$367,669,816
IRA/KEOGH ACCOUNTS$151,114,259
OTHER SHARES$1,734,623
NONMEMBER DEPOSITS$22,798,000
FieldValueIRS element (for citing)
Total Liability$2,618,074,529TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$151,783,814TotalRevEtcAuditedFinclStmtAmt
Other Revenue$1OtherRevenueAmt
Revenue Not Reported$1RevenueNotReportedAmt
Revenue Subtotal$151,783,813RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$151,783,813TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$161,783,814TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$161,783,814ExpensesSubtotalAmt
Other Expenses Not Included$2OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$2ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$161,783,816TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AND HAS A NET OPERATING LOSS CARRYFORWARD AS OF THE 2019 CALENDAR YEAR. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S 2017 AND SUBSEQUENT TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:ROUNDING 1.
PART XII, LINE 4B - OTHER ADJUSTMENTS:ROUNDING 2.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
GEORGIA'S OWN FOUNDATION INC
100 PEACHTREE ST NW STE 3250ATLANTAGA30303474818845501(C)(3)$75,000$980FMVAUCTION/RAFFLE ITEMS/DONATED SERVICESCHARITABLE DONATION
ACTION MINISTRIES
1700 CENTURY CIRCLE NE STE 200ATLANTAGA30345582070427501(C)(3)$10,000CHARITABLE DONATION
CLAYTON STATE UNIVERSITY
FOUNDATION 2000 CLAYTON STATE BLVDMORROWGA30260237419285501(C)(3)$10,000CHARITABLE DONATION
HELPING HANDS ENDING HUNGER INC
2014 SOUTH LONG HOLLOW RDTRIONGA30753813382807501(C)(3)$10,000CHARITABLE DONATION
KING'S RIDGE CHRISTIAN SCHOOL
2765 BETHANY BEND RDALPHARETTAGA30004582600863501(C)(3)$10,000CHARITABLE DONATION
SYNCHRONICITY PERFORMANCE GROUP INC
1389 PEACHTREE ST SUITE 350ATLANTAGA30309582352047501(C)(3)$10,000CHARITABLE DONATION
LAKEVIEW ACADEMY
796 LAKEVIEW DRGAINESVILLEGA30501581077096501(C)(3)$9,500CHARITABLE DONATION
CHILDREN'S HEALTHCARE OF ATLANTA
1577 NORTHEAST EXPRESSWAY STE AATLANTAGA30329581710601501(C)(3)$7,250CHARITABLE DONATION
THEATRICAL OUTFIT INC
84 LUCKIE ST NWATLANTAGA30303581524285501(C)(3)$5,500CHARITABLE DONATION
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL ASSISTANCE IS CURRENTLY COMPRISED OF DONATIONS TO 501(C)(3) CHARITABLE ORGANIZATIONS. WE DO NOT MONITOR HOW THE DONATED FUNDS ARE SPENT BY THE CHARITY.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (33 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BARRY HEAPE
SOUTHWEST REGIONAL PRESIDENT$388,094$0$113,949$0$1,413,601$0$17,100$0$29,185$0$1,961,929$0$0$0
DAVID A PRETER
PRESIDENT / CEO$580,200$0$545,566$0$309,515$0$135,112$0$36,629$0$1,607,022$0$269,231$0
ROBERT YOUNGBLOOD
REGIONAL EVP$232,477$0$40,068$0$1,278,484$0$17,100$0$5,208$0$1,573,337$0$0$0
JOHN CAREW
CHIEF STRATEGIC OFFICER$283,038$0$210,743$0$2,322$0$152,352$0$45,769$0$694,224$0$0$0
KELLY GARMON
CHIEF MEMBERSHIP OFFICER$297,797$0$215,748$0$12,260$0$107,294$0$43,247$0$676,346$0$0$0
ERIC BROOME
CHIEF OPERATIONS OFFICER$286,122$0$190,571$0$11,616$0$117,212$0$29,910$0$635,431$0$0$0
CINDY BOYLES
CHIEF TALENT OFFICER$235,986$0$176,807$0$3,043$0$132,976$0$48,978$0$597,790$0$0$0
GREG GIBSON
CHIEF FINANCIAL OFFICER$271,191$0$195,148$0$3,564$0$44,160$0$29,185$0$543,248$0$0$0
MALCOLM R GODWIN
SENIOR COMMERCIAL LENDING MANAGER$327,672$0$171,761$0$8,490$0$20,122$0$3,030$0$531,075$0$0$0
DREW PUTT
CHIEF BUSINESS OFFICER$233,190$0$148,081$0$2,588$0$36,857$0$24,665$0$445,381$0$0$0
AAARON W CRAIG
DIRECTOR OF MORTGAGE AND INDIRECT SA$42,515$0$308,578$0$803$0$21,422$0$16,509$0$389,827$0$0$0
KATHY HULSEY THRASHER
DIRECTOR FINANCIAL PROJECTS & ANALYT$143,340$0$177,973$0$4,229$0$20,619$0$26,095$0$372,256$0$0$0
MATTHEW HAVICE
SVP, ENTERPRISE RISK MANAGEMENT AND$228,622$0$96,111$0$540$0$21,510$0$14,922$0$361,705$0$0$0
KEVAN WILLIAMSON
SVP, ENTERPRISE TECHNOLOGY$212,996$0$103,115$0$540$0$14,315$0$29,158$0$360,124$0$0$0
TERESA MARTIN
SVP, ACCOUNTING$211,558$0$84,813$0$1,242$0$18,719$0$30,406$0$346,738$0$0$0
CHRISTIN HEWITT
SVP, CREDIT$220,310$0$79,188$0$810$0$24,325$0$18,407$0$343,040$0$0$0
KENNETH BREHM
SVP, OPERATIONS$198,336$0$94,986$0$2,322$0$19,931$0$24,382$0$339,957$0$0$0
LAURA KING
SVP, SALES & DIGITAL DELIVERY$250,000$0$44,375$0$2,322$0$19,150$0$3,728$0$319,575$0$0$0
MICHAEL MASSEY
SVP, PRODUCT MANAGEMENT$196,540$0$72,800$0$1,290$0$18,409$0$24,370$0$313,409$0$0$0
LORENZO L BROWN
VP, STRATEGIC TECHNICAL SOLUTIONS$181,614$0$58,137$0$4,601$0$19,175$0$24,142$0$287,669$0$0$0
DANIEL IGLESIA
MORTGAGE SALES TEAM LEAD$70,967$0$175,785$0$84$0$18,373$0$11,792$0$277,001$0$0$0
MICHAEL D STONE
VP, MEMBER BUSINESS LENDING$179,041$0$64,696$0$810$0$20,292$0$9,191$0$274,030$0$0$0
TODD ADAM LAMBRIGHT
VP, RETAIL SALES$189,682$0$59,733$0$3,410$0$16,312$0$3,370$0$272,507$0$0$0
DAVID A MARLOWE
PRINCIPAL MARKET DEVELOPMENT OFFICER$171,757$0$48,274$0$8,556$0$19,121$0$24,545$0$272,253$0$0$0
RODNEY D COWMAN
PRINCIPAL, HR OFFICER$173,853$0$47,674$0$1,242$0$16,210$0$19,329$0$258,308$0$0$0
LAURA STERLING
VP, MARKETING$154,193$0$54,160$0$763$0$19,011$0$17,160$0$245,287$0$0$0
CLARENCE WAYNE VICKERS
COMMERCIAL LENDER$103,990$0$113,021$0$2,132$0$16,608$0$8,869$0$244,620$0$0$0
RICHARD M ELLIS
VP, BUSINESS ACQUISITIONS & COMPLIAN$127,418$0$69,063$0$661$0$13,402$0$25,739$0$236,283$0$0$0
JAMES VICTOR BRYSON
VP, BUSINESS SERVICES$133,082$0$42,453$0$1,048$0$16,520$0$23,722$0$216,825$0$0$0
SHELLEY R MULLETT
PRINCIPAL, MEMBER ADVOCACY$146,649$0$36,343$0$709$0$15,115$0$13,793$0$212,609$0$0$0
DANIELLE CEGELIS
VP, ENTERPRISE RISK MANAGEMENT$121,776$0$44,976$0$5,654$0$14,850$0$14,094$0$201,350$0$0$0
DINA HAIRSTON
VP, BUSINESS DEVELOPMENT$137,675$0$39,216$0$6,072$0$8,185$0$8,161$0$199,309$0$0$0
BONNIE KIMMEY
CHIEF OPERATIONS OFFICER$0$0$182,613$0$0$0$0$0$0$0$182,613$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ADAVID A PRETER (CEO/PRESIDENT) - HEALTH/SOCIAL CLUB DUES- $14,400 BARRY HEAPE (SOUTHWEST REGIONAL PRESIDENT) - HEALTH/SOCIAL CLUB DUES - $3,720 AND TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - $642,954 ROBERT YOUNGBOOLD (REGIONAL EVP) - HEALTH/SOCIAL CLUB DUES - $3,720 AND TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - $571,689
PART I, LINE 1BTHERE IS NO WRITTEN, BOARD APPROVED, POLICY COVERING HEALTH/SOCIAL CLUB DUES PAID. HOWEVER, IT IS ADDRESSED IN EACH EXECUTIVE'S EMPLOYMENT CONTRACT WHICH WAS SIGNED BY THE BOARD. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS MADE IN CONJUNCTION WITH 457F AND SPLIT DOLLAR PLANS AS CONTRACTUALLY REQUIRED BY THOSE PLANS.
PART I, LINE 4BDAVID A PRETER - PARTICIPATED IN 457F PLAN - 2020 ACCRUAL $59,749 - 2020 PAYOUT $269,231 KELLY GARMON - PARTICIPATED IN 457F PLAN - 2020 ACCRUAL $61,263 JOHN J CAREW III - PARTICIPATED IN 457F PLAN - 2020 ACCRUAL $100,706 ERIC BROOME - PARTICIPATED IN 457F PLAN - 2020 ACCRUAL $77,657 CINDY R BOYLES - PARTICIPATED IN 457F PLAN - 2020 ACCRUAL $88,879 BARRY HEAPE - PARTICIPATED IN 457F PLAN - 2020 PAYOUT $766,668 ROBERT YOUNGBLOOD - PARTICIPATED IN 457F PLAN- 2020 PAYOUT $700,000

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (14 entries)

Relationship With OrgRelationshipWithOrgTxtLoan PurposeLoanPurposeTxtLoan From OrganizationLoanFromOrganizationIndOriginal PrincipalOriginalPrincipalAmtBalance DueBalanceDueAmtDefaultDefaultIndBoard Or Committee ApprovalBoardOrCommitteeApprovalIndWritten AgreementWrittenAgreementInd
DAVID PRETER
PRESIDENT/CEOSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$7,135,223$6,997,8100Yes (1)Yes (1)
KELLY GARMON
CMOSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$2,194,815$2,404,2160Yes (1)Yes (1)
GREG GIBSON
CFOSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$2,900,000$2,740,1630Yes (1)Yes (1)
WILLIAM LUSK
FORMER CFOSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$1,461,154$1,625,3780Yes (1)Yes (1)
TERESA MARTIN
SVP ACCOUNTINGSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$950,000$961,3170Yes (1)Yes (1)
MATT HAVICE
SVP, ENTERPRISE RISK MANAGEMENT AND GENERAL COUNSESPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$450,000$452,1280Yes (1)Yes (1)
CHRISTIN HEWITT
SVP, CREDITSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$600,000$602,8380Yes (1)Yes (1)
LAURA KING
SVP, SALES & DIGITAL DELIVERYSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$900,000$904,2570Yes (1)Yes (1)
KEVAN WILLIAMSON
SVP, ENTERPRISE TECHNOLOGYSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$450,000$452,1280Yes (1)Yes (1)
CINDY BOYLES
CHIEF TALENT OFFICERSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$1,150,000$1,150,0000Yes (1)Yes (1)
JOHN CAREW
CHIEF STRATEGIC OFFICERSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$2,550,000$2,511,9490Yes (1)Yes (1)
ERIC BROOME
CHIEF OPERATIONS OFFICERSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$1,000,000$1,000,0000Yes (1)Yes (1)
BARRY HEAPE
SOUTHWEST REGIONAL PRESIDENTSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$1,435,696$1,535,0600Yes (1)Yes (1)
ROBERT YOUNGBLOOD
REGIONAL EVPSPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15Yes (X)$821,772$867,2780Yes (1)Yes (1)
FieldValueIRS element (for citing)
Total Balance Due$24,204,522TotalBalanceDueAmt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID DICKEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionBOARD MEMBERRelationshipDescriptionTxt
Transaction$350,000TransactionAmt
TransactionCU BOARD MEMBER, DAVID DICKEY, IS RELATED TO DICKEY BROADCASTING (BOARD MEMBER). THE CU CONDUCTS MARKETING, ADVERSTISING AND BRANDING BUSINESS WITH THIS ENTITY.TransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART IIFormAndLineReferenceDesc
ExplanationNOTED THESE TO BE NON-RECOURSE PLANS THAT ARE RECORDED ON THE BALANCE SHEET AT THE LOWER OF LOAN BALANCE OR CASH CURRENDER VALUE. BECAUSE THE CASH SURRRENDER VALUES WERE LOWER, WE REPORTED THE AMOUNT OF 24,204,522 FOR BALANCE SHEET PURPOSES. HOWEVER, THE ACTUAL LOAN BALANCES ARE $26,171,212.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 203,602 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETINGS.
FORM 990, PART VI, SECTION A, LINE 7ACURRENT MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7BDECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL OF MEMBERS. THESE DECISIONS MAY ALSO BE SUBJECT TO SCRUTINY BY VARIOUS GOVERNMENTAL AGENCIES.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY BOTH THE CREDIT UNION'S CFO AND SVP OF ACCOUNTING AFTER BEING PREPARED BY THE CPA FIRM.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND ENFORCED BY THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 15THE CREDIT UNION USES MCLAGAN, AN AON HEWITT COMPANY, TO CONSULT REGARDING COMPENSATION PRACTICES. THE CREDIT UNION PARTICIPATES IN AND PURCHASES SEVERAL COMPENSATION STUDIES, AND MCLAGAN ANALYZES THE DATA AND PROVIDES A WRITTEN REPORT TO THE COMPENSATION COMMITTEE OF THE BOARD. THIS INFORMATION IS PROVIDED ANNUALLY RELATED TO THE CEO, MOST RECENTLY IN 2020, AND BI-ENNIALLY RELATED TO OTHER OFFICERS, MOST RECENTLY IN 2019. THE COMPENSATION COMMITTEE RECOMMENDS AND APPROVES SALARY CHANGES FOR THE CEO, AND REVIEWS THE CEO'S DECISIONS FOR OTHER OFFICERS ANNUALLY. COMPENSATION OF KEY EMPLOYEES IS SUBJECT TO REVIEW AND APPROVAL OF THE CEO.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST.
FORM 990, PART XI, LINE 9:OTHER COMPREHENSIVE INCOME 500,161. ROUNDING 3. EQUITY ACQUIRED IN MERGER 20,664,656.
FORM 990, PART XII, LINE 2C:THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA'S OWN FOUNDATION INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 PEACHTREE ST NW STE 3250AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30303ZIPCd
FieldValueIRS element (for citing)
EIN474818845EIN
Primary ActivitiesCHARITYPrimaryActivitiesTxt
Legal Domicile StateGALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA'S OWN CREDIT UNIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GEORGIA'S OWN FOUNDATION INC
B$75,980FMV
GEORGIA'S OWN FOUNDATION INC
L$161,323FMV
GEORGIA'S OWN FOUNDATION INC
O$161,323FMV
GEORGIA'S OWN FOUNDATION INC
Q$161,323FMV

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