2018-09-17T09:28:51-05:00 2017-12-31 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2017-01-01 580905515 THE SOUTHERN CREDIT UNION SOUT 7704603267 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 JIM PHILLIPS CHIEF FINANCIAL OFFICER 7704603267 2018-09-06 1 MARY JO ALEXANDER P00002534 7709558600 2018-09-06 50.192.51.169 2018-09-06 15:26:44 ED P D8C160FAFA259D82BF469B6DDE483E942EB13AF1 D84F8823FF0693BAB5B758AE9D1D1F98D69FCD34 2017 2018-06-14 16:35:46Z RAY HULL 430 EAST LANIER AVENUE FAYETTEVILLE GA 30214 15280149 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 98 2 83792 0 0 0 11996070 12497083 2659404 2703872 74160 79194 14729634 15280149 0 0 0 0 6721386 7393424 0 0 0 6681865 6540488 13403251 13933912 1326383 1346237 363991347 385192654 327885257 347424723 36106090 37767931 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 5053 0 1 98 1 1 1 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 6000 0 0 WILTON MARCHMAN VICE CHAIR 2.00 X X 6000 0 0 ROBERT MATTHEWS DIRECTOR 1.50 X 5500 0 0 RANDY HOBBS DIRECTOR 1.50 X 6000 0 0 MICHAEL FORAN DIRECTOR 1.50 X 6000 0 0 JOHN RICK HALBERT SECRETARY 1.50 X X 5500 0 0 RAY HULL CEO/TREASURER 40.00 X X 460445 0 138962 JIM PHILLIPS CFO 40.00 X 275850 0 112582 TRISHA SHERPY EVP 40.00 X 276124 0 112308 JAMES RICHARDS VP - MORTGAGE LENDING 40.00 X 178783 0 44420 SAMUEL POSEY CIO 40.00 X 167336 0 28991 BARRY GRIFFIN VP - BRANCH SERVICES 40.00 X 138357 0 43603 MICHAEL LEAR VP - MARKETING 40.00 X 124571 0 21431 JAMES PURDY CLO 40.00 X 131988 0 13792 RYAN EDGE REGIONAL VP 40.00 X 108319 0 13711 SHANNON MESEROLE VP - RISK MANAGEMENT 40.00 X 105739 0 10551 2002512 0 540351 10 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 CARD AND CORE PROCESSING 1081769 DIGITAL INSIGHT PO BOX 740641 LOS ANGELES CA 900740641 HOMEBANKING 521926 BITDIAMOND COMMUNICATIONS SOLUTIONS 710 SW 34TH STREET RENTON WA 98057 STATEMENT PROCESSOR 202097 VERISTOR 4850 RIVER GREEN PKWY DULUTH GA 30096 IT SERVICES 127982 4 INTEREST ON LOANS 522100 6509471 6509471 FEES & OTHER OPERATING INCOME 522100 5987612 5903820 83792 12497083 2685743 2685743 79194 79194 542 17587 0 0 542 17587 18129 18129 15280149 12413291 83792 2783066 1833801 4312807 416578 443281 386957 15587 95301 49507 319947 397926 1240514 11599 616337 89168 64819 7843 736414 90331 LOAN SERVICING 1158298 DIVIDENDS AND INTEREST 562810 INTERNET BANKING EXPENS 491234 PROVISION FOR LOAN LOSS 452962 139891 13933912 X 4407980 5020904 80571352 85720008 7075631 7461461 141718614 164134810 505081 22419591 9094503 12317902 13325088 103572368 95328818 330696 335186 13491723 13866379 363991347 385192654 5012768 5657351 322872489 341767372 327885257 347424723 X 0 0 0 0 36106090 37767931 36106090 37767931 363991347 385192654 1346237 315604 0 X 0 1 X 0 0 4279334 4279334 11602308 3787980 7814328 326633 320014 6619 6211316 4986509 1224807 13325088 SHARES AND DEPOSITS 341767372 341767372 15595753 315604 315604 15280149 0 15280149 13933912 0 13933912 0 13933912 X 1 0 X X 0 1 0 RAY HULL CEO/TREASURER 359413 0 100000 0 1032 0 130361 0 8601 0 599407 0 0 0 JIM PHILLIPS CFO 225490 0 50000 0 360 0 103030 0 9552 0 388432 0 0 0 TRISHA SHERPY EVP 225764 0 50000 0 360 0 103030 0 9278 0 388432 0 0 0 JAMES RICHARDS VP - MORTGAGE LENDING 171067 0 7500 0 216 0 17725 0 26695 0 223203 0 0 0 SAMUEL POSEY CIO 161951 0 5025 0 360 0 16900 0 12091 0 196327 0 0 0 BARRY GRIFFIN VP - BRANCH SERVICES 132325 0 5000 0 1032 0 15350 0 28253 0 181960 0 0 0 PART I, LINE 1A BOARD SPOUSES ATTENDED ANNUAL PLANNING SESSION PART I, LINE 4B CONTRIBUTIONS WERE MADE, DURING 2017, TO THE 457F RETIREMENT PLAN, BY THE SOUTHERN CREDIT UNION ON BEHALF OF THE FOLLOWING EMPLOYEES: RAY HULL, PRESIDENT & CEO $106,361 TRISHA SHERPY, EXECUTIVE VICE PRESIDENT 79,061 JIM PHILLIPS, CFO 79,061 RAY HULL PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 2000000 2409531 0 1 1 TRISHA SHERPY EXECUTIVE VICE PRESIDENT SPLIT-DOLLAR LIFE INSURANCE X 3061018 3134363 0 1 1 JIM PHILLIPS CHIEF FINANCIAL OFFICER SPLIT-DOLLAR LIFE INSURANCE X 1893295 1917567 0 1 1 7461461 FORM 990, PART VI, SECTION A, LINE 6 ALL QUALIFIED PERSONS WITH A PAR VALUE SHARE ACCOUNT ARE MEMBERS. DURING THIS REPORTING YEAR THERE ARE APPROX 32,578 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 ANNUAL MEMBER MEETING WITH THE ANNUAL REPORT. FORM 990 PART X THERE ARE NO UNCERTAIN TAX LIABILITIES REPORTED UNDER FIN 48(ASC 740-10).