2019-08-06T12:48:54-05:00 2018-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2018-01-01 580905515 THE SOUTHERN CREDIT UNION SOUT 7704603267 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 JIM PHILLIPS CHIEF FINANCIAL OFFICER 7704603216 2019-07-30 1 MARY JO ALEXANDER P00002534 7709558600 2019-07-30 50.192.51.169 2019-07-30 10:29:46 ED P 1D80EF4C2A8753E0332C9BC6492B45673CE6356A B413711F85BE4EF68C6F4E047D6F3DBB70C7A154 2018 2019-02-21 02:37:17Z RAY HULL 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 16827393 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 92 2 82080 -23513 0 0 12497083 13339024 2703872 3146329 79194 316548 15280149 16801901 0 0 0 0 7393424 7253146 0 0 0 6540488 7170341 13933912 14423487 1346237 2378414 385192654 392126405 347424723 352629924 37767931 39496481 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 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 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 5242 0 1 92 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 MORRIS KELLY CHAIRMAN 2.00 X X 10500 0 0 WILTON MARCHMAN VICE CHAIR 2.00 X X 9950 0 0 ROBERT MATTHEWS DIRECTOR 1.50 X 10500 0 0 RANDY HOBBS DIRECTOR 1.50 X 10500 0 0 MICHAEL FORAN DIRECTOR 1.50 X 10500 0 0 JOHN RICK HALBERT SECRETARY 1.50 X X 10500 0 0 RAY HULL CEO/TREASURER 40.00 X X 456913 0 156001 JIM PHILLIPS CFO 40.00 X 280682 0 120750 TRISHA SHERPY EXECUTIVE VICE PRESIDENT 40.00 X 280764 0 121016 JAMES RICHARDS VP OF MORTGAGES 40.00 X 188567 0 44944 SAMUEL POSEY CIO 40.00 X 173393 0 29992 BARRY GRIFFIN VP OF BRANCH SERVICES 40.00 X 142325 0 43752 JOHN PURDY CHIEF LENDING OFFICER 40.00 X 147024 0 15062 KEITH SALTZMAN SENIOR DATA ANALYST 40.00 X 133545 0 21390 MICHAEL LEAR CHIEF MARKETING OFFICER 40.00 X 129542 0 21781 RYAN EDGE REGIONAL VICE PRESIDENT 40.00 X 121011 0 14781 2116216 0 589469 11 0 1 0 SOUTH-TREE ENTERPRISES 1100 COMMERCE DRIVE SUITE A PEACHTREE CITY GA 30269 CONSTRUCTION 1014388 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CARD AND CORE PROCESSING 986833 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 HOMEBANKING 586796 BITDIAMOND COMMUNICATIONS SOLUTIONS 710 SW 34TH STREET RENTON WA 98057 STATEMENT PROCESSOR 215360 DIEBOLDNIXDORF 5995 MAYFAIR ROAD NORTH CANTON OH 44720 ATM AND ATM SERVICES 154722 5 INTEREST ON LOANS 522100 7544750 7544750 FEES & OTHER OPERATING INCOME 522100 5794274 5712194 82080 13339024 3055419 3055419 86548 86548 89402 27000 0 25492 89402 1508 90910 90910 NCUSIF REFUND 900099 230000 230000 230000 16801901 13256944 82080 3462877 1915472 4267977 272383 413384 383930 51024 113157 50744 312863 368154 1420146 12279 639696 126949 60985 14891 739416 102489 LOAN SERVICING 1195422 PROVISION FOR LOAN LOSS 716472 DIVIDENDS AND INTEREST 638661 INTERNET BANKING EXPENS 587399 19594 14423487 X 5020904 4200408 85720008 79797591 7461461 7795527 164134810 193886792 24158854 9795179 13325088 14363675 95328818 76953296 335186 354286 13866379 14774830 385192654 392126405 5657351 5399351 341767372 347230573 347424723 352629924 X 0 0 0 0 37767931 39496481 37767931 39496481 385192654 392126405 2378414 -649864 0 X 0 1 X 0 0 4279334 4279334 12969103 4097927 8871176 326633 321218 5415 6583784 5376034 1207750 14363675 SHARES AND DEPOSITS 347230573 347230573 15832635 -649864 -649864 16482499 319402 319402 16801901 14104085 -319402 -319402 14423487 0 14423487 PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER INCOME NCUSIF REFUND RECLASS FROM EXPENSE 230,000. STOCK PROCEEDS RECLASS FROM EXPENSE 89,402. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER INCOME NCUSIF REFUND RECLASS TO REVENUE -230,000. STOCK PROCEEDS RECLASS TO REVENUE -89,402. X 1 0 X X 0 1 0 RAY HULL CEO/TREASURER 375881 0 80000 0 1032 0 144728 0 11273 0 612914 0 0 0 JIM PHILLIPS CFO 237630 0 42500 0 552 0 110596 0 10154 0 401432 0 0 0 TRISHA SHERPY EXECUTIVE VICE PRESIDENT 237904 0 42500 0 360 0 110668 0 10348 0 401780 0 0 0 JAMES RICHARDS VP OF MORTGAGES 178351 0 10000 0 216 0 18250 0 26694 0 233511 0 0 0 SAMUEL POSEY CIO 165941 0 6900 0 552 0 17250 0 12742 0 203385 0 0 0 BARRY GRIFFIN VP OF BRANCH SERVICES 133793 0 7500 0 1032 0 15500 0 28252 0 186077 0 0 0 JOHN PURDY CHIEF LENDING OFFICER 136231 0 10550 0 243 0 13793 0 1269 0 162086 0 0 0 KEITH SALTZMAN SENIOR DATA ANALYST 127793 0 5200 0 552 0 13000 0 8390 0 154935 0 0 0 MICHAEL LEAR CHIEF MARKETING OFFICER 124102 0 5080 0 360 0 12700 0 9081 0 151323 0 0 0 PART I, LINE 1A BOARD SPOUSES ATTENDED ANNUAL PLANNING SESSION PART I, LINE 4B CONTRIBUTIONS WERE MADE DURING 2018 TO THE 457F RETIREMENT PLAN, BY THE SOUTHERN CREDIT UNION ON BEHALF OF THE FOLLOWING EMPLOYEES: RAY HULL, PRESIDENT & CEO $117,228 TRISHA SHERPY, EXECUTIVE VICE PRESIDENT 87,016 JIM PHILLIPS, CFO 87,016 RAY HULL PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 2000000 2351184 0 1 1 TRISHA SHERPY EXECUTIVE VICE PRESIDENT SPLIT-DOLLAR LIFE INSURANCE X 3061018 3409937 0 1 1 JIM PHILLIPS CHIEF FINANCIAL OFFICER SPLIT-DOLLAR LIFE INSURANCE X 1893295 2034406 0 1 1 7795527 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 32,838 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).