2025-10-23T14:07:44-05:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 586032554 LGE COMMUNITY CREDIT UNION LGEC 7704240060 3100 CUMBERLAND BLVD ATLANTA GA 30339 CHRIS LEGGETT CEO 7704240060 2025-10-16 1 0 AUBREY CLEGG P01076395 3052328272 2025-10-15 2024 2025-03-06 01:10:19Z CHRIS LEGGETT 3100 CUMBERLAND BLVD ATLANTA GA 30339 174750217 0 3804 X WWW.LGECCU.ORG X 1951 GA PROVIDE SAVINGS AND LENDING ACTIVITIES TO MEMBER OWNERS OF THE COOPERATIVE 9 9 408 12 117302 0 0 0 95975506 116121062 21478511 27128445 0 0 117454017 143249507 172009 222500 0 0 35088191 39974857 0 0 0 66216386 88664445 101476586 128861802 15977431 14387705 2508526039 2302899400 2312499164 2084808391 196026875 218091009 PROVIDE SAVINGS AND LENDING ACTIVITIES TO MEMBER OWNERS OF THE COOPERATIVE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 55008 0 1 408 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X SEAN D FERRELL 7704212576 3100 CUMBERLAND BLVD ATLANTA GA 30339 SUSAN BROWNING BOD MEMBER 5.00 X 0 0 0 FRANK S MYERS BOD MEMBER/SC MEMBER 5.00 X 0 0 0 MONTE F CAGLE BOD MEMBER 5.00 X 0 0 0 CHERYL BRAUND BOD SECRETARY/SC CHAIR 5.00 X 0 0 0 CURT EARNEST BOD CHAIR 5.00 X 0 0 0 MICHAEL L SANSEVIRO BOD MEMBER 5.00 X 0 0 0 DENISE O'CONNELL BOD V. CHAIR 5.00 X 0 0 0 ALLEN BISHOP BOD MEMBER/SC MEMBER 5.00 X 0 0 0 RON SUMPTER BOD MEMBER/SC MEMBER 5.00 X 0 0 0 BARRY JONES BOD TREASURER/SC MEMBER 5.00 X 0 0 0 BRIDGES HOLMES SC MEMBER 1.00 X 0 0 0 CHRIS LEGGETT PRESIDENT/CEO 40.00 X 896690 0 48225 SEAN FERRELL SVP/CFO 40.00 X 422449 0 58414 JANET C WAGNER SVP/CXO 40.00 X 421810 0 43571 RODNEY GRIZZLE CLO/PRESIDENT,GCB DIVISION 40.00 X 400693 0 50723 MURALI KRISHNAN SVP/CIO 40.00 X 446124 0 43322 ANTHONY BAKE SVP, CRO & GENERAL COUNSEL 40.00 X 413281 0 40812 CHRISTOPHER VISOCNIK VP IT 40.00 X 250186 0 38015 JUDY KINNEY SVP OPERATIONS 40.00 X 239412 0 45003 CHRISTINA KENDRICK VP MEMBER EXPERIENCE 40.00 X 206748 0 48370 RYAN NAPIER VP HUMAN RESOURCES 40.00 X 261797 0 31411 THOMAS GARRETT VP MEMBER SOLUTIONS 40.00 X 215979 0 24603 4175169 0 472469 75 0 1 0 CORK HOWARD CONSTRUCTION COMPANY 2121 NEW MARKET PKWY SUITE 118 MARIETTA GA 30067 CONSTRUCTION 1888016 ALKAMI TECHNOLOGY 5601 GRANITE PARKWAY SUITE 120 PLANO TX 75024 ONLINE BANKING 1752968 VISA DPS 8910 RIDGELINE BLVD HIGHLANDS RANCH CO 80129 DEBIT PROCESSING SERVICE 1056164 DANIEL BRIAN ADVERTISING 222 SOUTH MAIN STREET ROCHESTER MI 48307 MARKETING 935010 VISA USA INC PO BOX 8999 SAN FRANCISCO CA 94128 OPERATING 925154 51 INCOME FROM LOANS 522100 88916227 88916227 FEE/OTHER INCOME 522100 27087533 27087533 FINANCE AND INSURANCE 520000 117302 117302 116121062 25498896 25498896 29619505 3510754 29650922 1849788 -31417 1660966 1629549 1629549 143249507 143132205 117302 0 X 200000 22500 3286114 26124609 1518991 6960742 2084401 55388 456789 1294865 2480044 19800774 4430388 335416 45525019 173723 2741130 LOAN SERVICING 5820266 PROVISION FOR LOAN LOSS 5550872 MISCELLANEOUS EXPENSE -229 128861802 15763079 18609444 258613937 128393839 6239784 7070810 27622986 34883391 1511766647 1546093411 2528822 3315804 57947215 27547962 30002576 30399253 449484084 364790760 70046197 46553570 55016968 52980837 81440959 69808281 2508526039 2302899400 44118888 37529402 197000000 65198118 2071380276 1982080871 2312499164 2084808391 X 0 0 0 0 196026875 218091009 196026875 218091009 2508526039 2302899400 14387705 7676429 0 X X 0 1 X 1 0 7826854 7826854 24272159 9202027 15070132 7414082 4593864 2820218 18434120 13752071 4682049 30399253 REGULAR SHARES 534191067 MONEY MARKET 380540658 CERTIFICATES 409965849 SHARE DRAFTS 604305176 IRA 53078121 1982080871 X 143427214 177707 177707 143249507 0 143249507 128861802 0 128861802 0 128861802 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 LGE COMMUNITY OUTREACH FOUNDATION INC 3100 CUMBERLAND BLVD ATLANTA GA 30339 262905697 501(C)(3) 200000 0 CHARITABLE CONTRIBUTION TO AID THE FOUNDATION IN ITS MISSION TO ASSIST LOCAL NON-PROFIT ORGANIZATIONS, FAMILIES, OR INDIVIDUALS IN NEED. 1 0 SCHOLARSHIPS 9 22500 PART I, LINE 2: THE CREDIT UNION MAINTAINS RECORDS OF CONTRIBUTIONS. THE FOUNDATION WORKS WITH EMPLOYEES AND VOLUNTEERS OF LGE COMMUNITY CREDIT UNION AND RESIDENTS WITHIN COBB, CHEROKEE, FULTON AND PAULDING COUNTIES TO PLAN AND HOST FUND RAISING EVENTS TO RAISE MONIES FOR NON-PROFIT AGENCIES WITHIN THOSE COUNTIES. LGE COMUNITY CREDIT UNION'S ANNUAL SCHOLARSHIP PROGRAM HELPS EXCEPTIONAL HIGH SCHOOL SENIORS FROM OUR COMMUNITIES ATTEND THE COLLEGE, UNIVERSITY, OR TECHNICAL SCHOOL OF THEIR DREAMS. X X X 1 1 X X 0 1 0 CHRIS LEGGETT PRESIDENT/CEO 721540 0 175150 0 0 0 20688 0 27537 0 944915 0 0 0 MURALI KRISHNAN SVP/CIO 392108 0 54016 0 0 0 27600 0 15722 0 489446 0 0 0 SEAN FERRELL SVP/CFO 368787 0 53662 0 0 0 24916 0 33498 0 480863 0 0 0 JANET C WAGNER SVP/CXO 369778 0 52032 0 0 0 27507 0 16064 0 465381 0 0 0 ANTHONY BAKE SVP, CRO & GENERAL COUNSEL 314999 0 98282 0 0 0 4267 0 36545 0 454093 0 0 0 RODNEY GRIZZLE CLO/PRESIDENT,GCB DIVISION 350456 0 50237 0 0 0 23156 0 27567 0 451416 0 0 0 RYAN NAPIER VP HUMAN RESOURCES 236270 0 25527 0 0 0 17066 0 14345 0 293208 0 0 0 CHRISTOPHER VISOCNIK VP IT 222782 0 27404 0 0 0 10215 0 27800 0 288201 0 0 0 JUDY KINNEY SVP OPERATIONS 212801 0 26611 0 0 0 19527 0 25476 0 284415 0 0 0 CHRISTINA KENDRICK VP MEMBER EXPERIENCE 183195 0 23553 0 0 0 16011 0 32359 0 255118 0 0 0 THOMAS GARRETT VP MEMBER SOLUTIONS 193485 0 22494 0 0 0 12414 0 12189 0 240582 0 0 0 PART I, LINE 4B THE ORGANIZATION FUNDS LIFE INSURANCE POLICIES FOR CHRIS LEGGETT, JANET C. WAGNER, RODNEY GRIZZLE, SEAN FERRELL AND MURALI KRISHNAN. THE POLICIES ARE OWNED BY THE EXECUTIVES. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, EACH PARTICIPANT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. FURTHER DETAILS PROVIDED IN SCHEDULE L, PART V. CHRIS LEGGETT PRESIDENT/CEO TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 20750000 21909839 0 1 1 JANET C WAGNER SVP/CXO TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 1000000 1290296 0 1 1 LAURA KING FORMER EVP/COO TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 1000000 658641 0 1 1 RODNEY GRIZZLE CLO/PRESIDENT, GCB DIVISION TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 3100000 2986486 0 1 1 SEAN FERRELL SVP/CFO TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 4000000 4019544 0 1 1 MURALI KRISHNAN SVP/CIO TO FUND SPLIT DOLLAR LIFE INSURANCE PLAN X 4000000 4018585 0 1 1 34883391 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B LGECCU ENGAGED A PAID PREPARER, DOEREN MAYHEW, TO COMPLETE OUR FORM 990 FILING. UPON COMPLETION OF THE RETURN, IT WAS REVIEWED AND APPROVED BY EXECUTIVE MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C LGECCU MAINTAINS A CONFLICT OF INTEREST POLICY WITHIN ITS CODE OF ETHICS. THIS POLICY IS ENFORCED AT ALL TIMES AND REVIEWED PERIODICALLY BY OUR INTERNAL AUDIT DEPARTMENT. FORM 990, PART VI, SECTION B, LINE 15 PER OUR SALARY ADMIN POLICY: SALARY CHANGES REQUIRE APPROVAL BY THE CAO, HR MANAGEMENT OR THE PRESIDENT. SALARY CHANGES FOR SENIOR MANAGEMENT (VPS AND ABOVE) REQUIRE APPROVAL BY THE CAO AND THE PRESIDENT. SALARY CHANGES FOR THE PRESIDENT REQUIRE APPROVAL BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G PROFESSIONAL & OUTSIDE SERVICES 1,294,865. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. LGE INSURANCE SERVICES LLC 18 GEORGIA HERITAGE PL DALLAS GA 30060 272540699 INSURANCE SALES GA 289614 2085309 LGE COMMUNITY CREDIT UNION LGE COMMUNITY OUTREACH FOUNDATION INC 3100 CUMERLAND BLVD ATLANTA GA 30339 262905697 COMMUNITY OUTREACH GA 501(C)(3) LINE 7 LGE COMMUNITY CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LGE COMMUNITY OUTREACH FOUNDATION INC B 200000 ACTUAL