FAMILY SAVINGS CREDIT UNION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: FAMILY SAVINGS CREDIT UNION (EIN 63-0355713)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-10-17
IRS object ID: 201722909349300807
Schema version: 2016v3.0
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
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-10-17T09:36:52-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461498870	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BARFIELD MURPHY SHANK & SMITH LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1121 RIVERCHASE OFFICE RD	AddressLine1Txt
City	BIRMINGHAM	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35244	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	630355713	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CREDIT UNIONS IN THE STATE OF ALABAMA	BusinessNameLine1Txt
Business Name Line2	FAMILY SAVINGS CREDIT UNION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	CRED	BusinessNameControlTxt
Phone	2565478190	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	205 RESCIA AVENUE	AddressLine1Txt
City	RAINBOW CITY	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35906	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MONTE HILL	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	2565478190	PhoneNum
Signature	2017-10-02	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CYNTHIA A HUDSON CPA	PreparerPersonNm
PTIN	P00029332	PTIN
Phone	2059825500	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	74.254.230.2	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-10-02	IPDt
IP Tm	17:22:37	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	046B2781A3BA27AB369A0AC458135EF3F88C931E	AtSubmissionCreationDeviceId
At Submission Filing Device Id	046B2781A3BA27AB369A0AC458135EF3F88C931E	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MONTE HILL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	205 RESCIA AVENUE	AddressLine1Txt
City	RAINBOW CITY	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35906	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$30,537,561	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.FAMILYSAVINGSCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1951	FormationYr
Legal Domicile State	AL	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	217	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$303,689	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$14,046,110	PYProgramServiceRevenueAmt
CY Program Service Revenue	$16,045,670	CYProgramServiceRevenueAmt
PY Investment Income	$697,968	PYInvestmentIncomeAmt
CY Investment Income	$607,296	CYInvestmentIncomeAmt
PY Other Revenue	$11,778,836	PYOtherRevenueAmt
CY Other Revenue	$13,391,261	CYOtherRevenueAmt
PY Total Revenue	$26,522,914	PYTotalRevenueAmt
CY Total Revenue	$30,044,227	CYTotalRevenueAmt
PY Grants And Similar Paid	$7,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$8,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$10,824,486	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$12,267,004	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$12,757,614	PYOtherExpensesAmt
CY Other Expenses	$14,805,177	CYOtherExpensesAmt
PY Total Expenses	$23,589,100	PYTotalExpensesAmt
CY Total Expenses	$27,080,181	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,933,814	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,964,046	CYRevenuesLessExpensesAmt
Total Assets BOY	$356,725,017	TotalAssetsBOYAmt
Total Assets EOY	$381,122,633	TotalAssetsEOYAmt
Total Liabilities BOY	$316,815,034	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$338,368,661	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$39,909,983	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$42,753,972	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	62,935 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	10686	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	217	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DEBBIE HUFF CFO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2565478190	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	205 RESCIA AVENUE	AddressLine1Txt
City	RAINBOW CITY	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35906	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
LP WILLIAMSON
BOARD CHAIR	2.00	Yes (X)	$6,920	$0	$0
DALE BOYD
VICE BOARD CHAIR	2.00	Yes (X)	$0	$0	$0
AUDRA BURGER
TREASURER	2.00	Yes (X)	$0	$0	$0
HACKY JAGGERS
SECRETARY	2.00	Yes (X)	$0	$0	$0
WALLY BURNS
DIRECTOR	2.00	Yes (X)	$0	$0	$0
BILL WILLARD
DIRECTOR	2.00	Yes (X)	$0	$0	$0
RONNIE REED
DIRECTOR	2.00	Yes (X)	$0	$0	$0
MONTE J HILL
CHIEF EXECUTIVE OFFICER	38.00		$312,050	$0	$561,612	Yes (X)
DANNY VARNON
EXECUTIVE VICE PRESIDENT	38.00		$177,581	$0	$217,004	Yes (X)
DEBORAH HUFF
CHIEF FINANCIAL OFFICER	38.00		$160,020	$0	$216,128	Yes (X)
ROBERT RAYBURN
CHIEF LENDING OFFICER	38.00		$138,421	$0	$125,097	Yes (X)
VICTOR MORALES
CHIEF INFORMATION OFFICER	38.00		$113,947	$0	$32,821	Yes (X)
CURTIS LETSON
DIRECTOR OF BRANCH OPERATIONS	38.00		$110,499	$0	$33,687		Yes (X)
AMY JACKSON
MORTGAGE LOAN OFFICER	38.00		$177,003	$0	$37,450		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,196,441	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,223,799	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	7	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
VISA DEBIT CARD PROCESSING
PO BOX 742233	LOS ANGELES	CA	900742233	DEBIT CARD PROCESSOR	$1,269,885
JACK HENRY & ASSOCIATES
PO BOX 609	MONETT	MO	65708	CORE PROCESSING SYSTEM	$475,270
BANKVUE LTD
PO BOX 527	LUBBOCK	TX	79408	ENHANCED CHECKING	$336,928
BUSINESS DATA INC
PO BOX 6081	INGLEWOOD	CA	90312	STATEMENT PROCESSORS	$295,260
WINDSTREAM
4001 RODNEY PARHAM RD	LITTLE ROCK	AR	72212	COMMUNICATION SERVICES	$207,298

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	11	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	LOAN INTEREST INCOME	Desc
Business	522130	BusinessCd
Total Revenue Column	$16,045,670	TotalRevenueColumnAmt
Related Or Exempt Func Income	$16,045,670	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$16,045,670	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$721,913	TotalRevenueColumnAmt
Exclusion	$721,913	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$44,291	TotalRevenueColumnAmt
Exclusion	$44,291	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$378,717	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$493,334	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$114,617	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$114,617	TotalRevenueColumnAmt
Exclusion	-$114,617	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACCOUNT, LOAN AND INTERCHANGE FEE	522130	$10,570,506	$10,570,506
OTHER OPERATING INCOME	522130	$1,684,370	$1,684,370
NSF/OVERDRAFT FEES	522130	$788,405	$788,405

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$303,689	TotalRevenueColumnAmt
Unrelated Business Revenue	$303,689	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$13,346,970	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$30,044,227	TotalRevenueColumnAmt
Related Or Exempt Func Income	$29,088,951	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$303,689	UnrelatedBusinessRevenueAmt
Exclusion	$651,587	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$8,000	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,061,603	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$6,956,217	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$478,505	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,191,784	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$578,895	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$174,473	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$104,482	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$22,607	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$420,038	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,211,849	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$813,942	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$495,477	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$102,003	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$266,921	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,598,780	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,191,599	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$278,117	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
CHECK AND LOAN SERVICIN	$3,931,937
BAD DEBTS	$2,670,000
REPAIRS AND MAINTENANCE	$1,032,791
OTHER BAD DEBT	$235,120

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$255,041	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$27,080,181	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,564,237	BOYAmt
EOY	$1,328,860	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$50,858,629	BOYAmt
EOY	$49,757,263	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$2,233,632	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$245,720,499	BOYAmt
EOY	$274,145,245	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,725,880	BOYAmt
EOY	$1,599,379	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$26,304,008	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$12,112,075	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$10,299,138	BOYAmt
EOY	$14,191,933	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$465,476	BOYAmt
EOY	$475,844	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$26,566,396	BOYAmt
EOY	$19,484,282	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$422,077	BOYAmt
EOY	$428,513	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$18,102,685	BOYAmt
EOY	$17,477,682	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$356,725,017	BOYAmt
EOY	$381,122,633	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$4,850,957	BOYAmt
EOY	$5,610,585	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$311,964,077	BOYAmt
EOY	$332,758,076	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$316,815,034	BOYAmt
EOY	$338,368,661	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$39,909,983	BOYAmt
EOY	$42,753,972	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$39,909,983	BOYAmt
EOY	$42,753,972	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$356,725,017	BOYAmt
EOY	$381,122,633	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$2,964,046	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$120,057	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,172,729	OtherCostOrOtherBasisAmt
Book Value	$5,172,729	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,663,531	OtherCostOrOtherBasisAmt
Depreciation	$3,785,642	DepreciationAmt
Book Value	$5,877,889	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,271,231	OtherCostOrOtherBasisAmt
Depreciation	$660,804	DepreciationAmt
Book Value	$610,427	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$10,196,517	OtherCostOrOtherBasisAmt
Depreciation	$7,665,629	DepreciationAmt
Book Value	$2,530,888	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$14,191,933	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	GOVERNMENT AGENCY SECURITIES	Desc
Book Value	$19,484,282	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$19,484,282	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBER DEPOSITS	Desc
Amt	$332,758,076	Amt

Field	Value	IRS element (for citing)
Total Liability	$332,758,076	TotalLiabilityAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE	GrantTypeTxt
Recipient	8	RecipientCnt
Cash Grant	$8,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	UPON DETERMINING A SCHOLARSHIP RECIPIENT, THE CREDIT UNION VERIFIES THE RECIPIENT'S ENROLLMENT IN COLLEGE BY OBTAINING A COPY OF THE RECIPIENT'S COLLEGE REGISTRATION AND SCHEDULE OF COURSES. AFTER CONFIRMING THE RECIPIENT'S ENROLLMENT, THE CREDIT UNION WILL EITHER MAIL A CHECK DIRECTLY TO THE RECIPIENT'S COLLEGE OR IT WILL PROVIDE A CHECK TO THE RECIPIENT MADE PAYABLE TO THE RECIPIENT'S COLLEGE.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MONTE J HILL
CHIEF EXECUTIVE OFFICER	$312,050	$0	$0	$0	$0	$0	$534,009	$0	$27,603	$0	$873,662	$0	$0	$0
DANNY VARNON
EXECUTIVE VICE PRESIDENT	$177,581	$0	$0	$0	$0	$0	$188,964	$0	$28,040	$0	$394,585	$0	$0	$0
DEBORAH HUFF
CHIEF FINANCIAL OFFICER	$160,020	$0	$0	$0	$0	$0	$188,507	$0	$27,621	$0	$376,148	$0	$0	$0
ROBERT RAYBURN
CHIEF LENDING OFFICER	$138,421	$0	$0	$0	$0	$0	$96,994	$0	$28,103	$0	$263,518	$0	$0	$0
AMY JACKSON
MORTGAGE LOAN OFFICER	$177,003	$0	$0	$0	$0	$0	$12,974	$0	$24,476	$0	$214,453	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	THE FOLLOWING PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: MONTE HILL DANNY VARNON DEBORAH HUFF ROBERT RAYBURN NO PAYMENTS WERE MADE DURING 2016.	ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	MONTE HILL	PersonNm
Relationship With Org	OFFICER	RelationshipWithOrgTxt
Loan Purpose	COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$2,200,000	OriginalPrincipalAmt
Balance Due	$2,233,632	BalanceDueAmt
Default	0	DefaultInd
Board Or Committee Approval	Yes (1)	BoardOrCommitteeApprovalInd
Written Agreement	Yes (1)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$2,233,632	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORSHIP, WORK (OR REGULARLY CONDUCT BUSINESS), OR ATTEND SCHOOL IN ETOWAH, MARSHALL, DEKALB, JACKSON, CHEROKEE, CALHOUN, CLEBURNE, MADISON, BLOUNT, OR ST. CLAIR COUNTIES IN ALABAMA OR LIVE IN BARTOW, CATOOSA, CHATTOOGA, DADE, FLOYD, GORDON, HARALSON, PAULDING, POLK, OR WALKER COUNTIES IN GEORGIA. BUSINESSES AND OTHER LEGAL ENTITIES LOCATED IN THESE COUNTIES MAY ALSO BE MEMBERS. FAMILY RELATIVES OF MEMBERS, RELATED BY BLOOD, ADOPTION, LEGAL GUARDIANSHIP, OR MARRIAGE TO ANYONE WITHIN FAMILY SAVINGS CREDIT UNION'S FIELD OF MEMBERSHIP MAY ALSO BE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBERS OF FAMILY SAVINGS CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THEIR ANNUAL MEMBERSHIP MEETING. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS MUST APPROVE BOARD OF DIRECTOR DECISONS ON MATTERS OF CONVERSION, CHANGES, OR MERGER.
FORM 990, PART VI, SECTION B, LINE 11B	UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY, WHICH IS INCLUDED IN THE CREDIT UNION CODE OF CONDUCT, EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF OR DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR OFFICERS, KEY EMPLOYEES & TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. COMPARATIVE INDEPENDENT SALARY SURVEYS ARE AVAILABLE TO THE BOARD DURING THE COMPENSATION PROCESS.
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2	THE CREDIT UNION HAS JUNE 30 YEAR END AUDITED FINANCIALS PREPARED BY AN INDEPENDENT CPA. ADDITIONALLY, ON A YEARLY BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND SUPERVISORY COMMITTEE EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION	CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION 205 RESCIA AVENUE RAINBOW CITY, AL 35906 EMPLOYER IDENTIFICATION NUMBER: 63-0355713 FOR THE YEAR ENDING DECEMBER 31, 2016 CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTION	CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION 205 RESCIA AVENUE RAINBOW CITY, AL 35906 EMPLOYER IDENTIFICATION NUMBER: 63-0355713 FOR THE YEAR ENDING DECEMBER 31, 2016 CREDIT UNIONS IN THE STATE OF ALABAMA FAMILY SAVINGS CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FAMILY SAVINGS SERVICES LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	205 RESCIA AVENUE	AddressLine1Txt
City	RAINBOW CITY	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	35906	ZIPCd

Field	Value	IRS element (for citing)
EIN	450480527	EIN
Primary Activities	FINANCIAL SERVICES	PrimaryActivitiesTxt
Legal Domicile State	AL	LegalDomicileStateCd
Total Income	$23	TotalIncomeAmt
End Of Year Assets	$289,817	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FAMILY SAVINGS CREDIT UNION	BusinessNameLine1Txt