2020-11-11T13:27:02-06:00 2019-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2019-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 2707968500 PO BOX 51770 BOWLING GREEN KY 421026770 JUSTIN MORRIS SENIOR VICE PRESIDENT 2707968500 2020-11-11 1 MICHAEL P COOK P01398822 5024269660 174.47.177.202 2020-11-11 07:48:08 ES P 411E1ED253033EAE7CAFF0B2DE7F15D225F4FA64 C9AB7BEDD9E55BBA15D2E8302F274E4833C45A95 2019 2022-01-07 14:23:13Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 24350393 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THEIR FINANCIAL DREAMS. 7 7 77 16 11404 -5989 0 0 5992707 6877955 573303 768124 2827667 2795990 9393677 10442069 30000 20250 0 0 3136379 3894013 0 0 0 4598080 5831427 7764459 9745690 1629218 696379 160954947 175968526 140807900 155326696 20147047 20641830 THE MISSION OF SERVICE ONE CREDIT UNION IS TO HELP MEMBERS REALIZE THEIR FINANCIAL DREAMS. 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 1 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 4077 0 1 77 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 BOARD MEMBER 1.00 X 0 0 0 JAMES MCCASLIN VICE-CHAIR 1.00 X X 0 0 0 HAROLD LITTLE BOARD MEMBER 1.00 X X 0 0 0 RICHARD L MILLER BOARD MEMBER 1.00 X 0 0 0 CAROL GLASER SECRETARY/TREASURER 1.00 X 0 0 0 BRENDA WILLOUGHBY BOARD MEMBER 1.00 X 0 0 0 PAT STEWART CHAIR 1.00 X X 0 0 0 STEPHEN CARRICO SENIOR VP AND CFO 40.00 X 96286 0 65928 ANTHONY SEAN MOORE VP OF IS AND TECH 40.00 X 82079 0 38287 REBECCA STONE PRESIDENT AND CEO 40.00 X 159999 0 121334 MARK FLOYD VP OF LENDING 40.00 X 96586 0 36874 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 40.00 X 138041 0 16734 MICHELLE DYER VP HUMAN RESOURCES 40.00 X 70439 0 58686 JUSTIN MORRIS VP ENTERPRISE RISK MGMT 40.00 X 65559 0 52961 708989 0 390804 2 0 1 0 PSCU FINANCIAL SERVICES 560 CARRILLION PARKWAY ST PETERSBURG FL 33716 DEBIT CARD AND CREDIT CARD 680431 NEXT STEP INTERNATIONAL 6000 METROWEST BLVD STE 107 ORLANDO FL 32835 FINANCIAL CONSULTING 373615 SHARE ONE INC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 COMPUTER CORE PROCESSING 160819 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 160211 4 INTEREST INCOME ON LOANS TO MEMBE 522130 6877955 6877955 6877955 768124 768124 13908324 13908324 0 NSF AND ODP FEES 522100 1028684 1028684 VISA CHECK FEES 522100 754866 754866 DELINQUENT FEES 522100 134750 134750 877690 866286 11404 2795990 10442069 10430665 11404 0 20250 1039105 1788184 450629 402542 213553 139850 43929 570473 237339 199115 364660 490 117560 1506443 281884 32506 PROVISION FOR LOAN AND 616280 DEBIT CARD OPERATIONS 535500 CREDIT CARD OPERATIONS 242310 STUDENT LOAN FEES 92074 851014 9745690 6148577 3511053 9358312 20164917 113685509 128200823 532885 535233 308422 187368 359750 520656 9006767 4793405 4276819 4213362 17333142 9603476 8951531 9031638 160954947 175968526 1214241 1028346 235081 293804 5000000 0 134358578 154004546 140807900 155326696 X 0 0 2152518 2152518 17994529 18489312 20147047 20641830 160954947 175968526 X 696379 -201596 X 0 0 0 0 1 X 624407 624407 5529706 2365796 3163910 2852654 2427609 425045 4213362 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 2248149 F GSE AGENCY BONDS 1500400 F VISA CLASS B STOCK 414507 F COMPANY OWNED LIFE INSURANCE 2885382 F INVESTMENT IN CORPORATE CREDIT UNIONS 900000 C FHLB STOCK 843100 C CHARITABLE DONATION INVESTMENTS 811938 C 9603476 NCUSIF DEPOSIT 1359632 PLAN 457(B) DEPOSIT 37169 PLAN 457(F) DEPOSITS 5580112 OTHER RECEIVABLES 1095837 MISCELLANEOUS ASSETS 958888 9031638 MEMBER SHARE DEPOSITS 55453333 MEMBER SHARE DRAFTS 44051354 MEMBER SHARE CERTIFICATES 54499859 154004546 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 WESTERN KENTUCKY UNIVERSITY FOUNDATION 292 ALUMNI AVENUE 305 BOWLING GREEN KY 42101 611251555 501(C)(3) 10250 CASH DONATION - FMV INTERNSHIP PROGRAMS, THEATRE DEPARTMENT, AND VARIOUS OTHER UNIVERSITY PROJECTS. KIWANIS CLUB OF BOWLING GREEN PO BOX 13 BOWLING GREEN KY 42102 465214055 501(C)(3) 5000 CASH DONATION - FMV SOAPBOX DERBY AND THUNDERFEST SOUTHERN KENTUCKY PERFORMING ARTS FOUNDATION 601 COLLEGE ST BOWLING GREEN KY 42101 272676208 501(C)(3) 5000 CASH DONATION - FMV SCHOLASTIC ART & WRITING AWARDS SPONSORSHIP 3 0 PART I, LINE 2 SERVICE ONE CREDIT UNION GRANTED $10,250 TO THE WESTERN KENTUCKY UNIVERSITY FOUNDATION IN 2019 FOR THE BENEFIT OF VARIOUS PROGRAMS AND ACTIVITIES THROUGH WESTERN KENTUCKY UNIVERSITY. ADDITIONALLY, THE CREDIT UNION DONATED $5,000 TO THE KIWANIS CLUB OF BOWLING GREEN TO SUPPORT FUND RAISING EFFORTS. FINALLY, THE CREDIT UNION DONATED $5,000 TO THE SOUTHERN KENTUCKY PERFORMING ARTS FOUNDATION TO HELP FUND SCHOLASTIC ART AND WRITING AWARDS. X 0 1 0 STEPHEN CARRICO SENIOR VP AND CFO 96286 0 0 0 0 0 54147 0 11781 0 162214 0 0 0 REBECCA STONE PRESIDENT AND CEO 149999 0 10000 0 0 0 114908 0 6426 0 281333 0 0 0 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPS 138041 0 0 0 0 0 10308 0 6426 0 154775 0 0 0 RICHARD L MILLER BOARD MEMBER AUTO LOAN X 32115 4571 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 28 0 1 1 ANTHONY S MOORE VICE PRESIDENT OF INFORMATION TECHNOLOGY CREDIT CARD X 0 9247 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 46462 0 1 1 BRENDA M WILLOUGHBY BOARD MEMBER CREDIT CARD X 0 1866 0 1 1 JOSEPH P STEWART BOARD MEMBER AUTO LOAN - NEW X 7546 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 142000 132724 0 1 1 HAROLD LITTLE JR BOARD MEMBER SHARE SECURED LOAN X 11000 6985 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER RESIDENTIAL MORTGAGE X 39800 37405 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER AUTO LOAN X 21214 16846 0 1 1 PEGGY CROWE SUPERVISORY COMMITTEE MEMBER CREDIT CARD X 0 -75 0 1 1 ANTHONY SPITZ CHIEF TECHNOLOGY AND OPERATIONS OFFICER RESIDENTIAL MORTGAGE X 180000 177403 0 1 1 REBECCA STONE PRESIDENT/CEO RESIDENTIAL MORTGAGE X 261250 257495 0 1 1 REBECCA STONE PRESIDENT/CEO CREDIT CARD X 0 3160 0 1 1 BROOK JUSTICE SUPERVISORY COMMITTEE MEMBER CREDIT CARD X 0 468 0 1 1 MICHELLE DYER VP HUMAN RESOURCES AUTO LOAN X 16051 2503 0 1 1 JOSEPH P STEWART BOARD MEMBER COMMERCIAL EQUIPMENT X 27500 25513 0 1 1 722601 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 15,535 MEMBERS AS OF DECEMBER 2019. 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 THE ADMINISTRATIVE ASSISTANT, 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 FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AS ARE ALL OTHER PUBLICLY AVAILABLE DOCUMENTS. FORM 990, PART XI, LINE 9: FORM 990, PART XI, LINE 9 - CHANGES IN THE BALANCE OF UNREALIZED GAINS/LOSSES ON AFS SECURITIES -493,975. CHANGE IN GAAP REPORTING REQUIREMENT FOR EQUITY SECURITIES 292,379.