2016-11-15T14:00:28-06:00 2015-12-31 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2015-01-01 610654642 Park Community Credit Union Inc PARK 5028156014 2515 Blankenbaker Parkway LOUISVILLE KY 40299 James Spradlin CEO 2016-11-15 true Rachel Spurlock P00520729 5023263996 2015 2017-02-10 21:41:12Z X James Spradlin 2515 Blankenbaker Parkway LOUISVILLE KY 40299 159801281 false X www.parkcommunity.com X 2013 KY Park Community Credit Union (the "Credit Union" or "Park") is a state chartered cooperative association organized for the purpose of promoting thrift among, and creating a source of credit for its members. 7 7 273 12 298213 289150 0 31436294 36016523 2980889 3703847 0 34417183 39720370 1938 7613 0 11282146 12744483 0 0 18271217 22600056 29555301 35352152 4861882 4368218 692243635 775848332 630115517 708640308 62128118 67208024 Park Community Credit Union (the "Credit Union" or "Park") is a state chartered cooperative association organized for the purpose of promoting thrift among, and creating a source of credit for its members. false false PARK COMMUNITY CREDIT UNION (THE "CREDIT UNION" OR "PARK") IS A STATE CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG, AND CREATING A SOURCE OF CREDIT FOR, ITS MEMBERS. THE CREDIT UNION PROVIDES MORTGAGE, VEHICLE AND OTHER CONSUMER LOANS TO ITS MEMBERSHIP. THE CREDIT UNION ALSO OFFERS A VARIETY OF ACCOUNTS FOR MEMBERS TO TRANSACT AND SAVE, INCLUDING SHARE AND SHARE DRAFT ACCOUNTS AND SHARE CERTIFICATES. AS A MEMBER-OWNED ORGANIZATION, THE CREDIT UNION STRIVES TO PROVIDE COMPETIVE INTEREST AND DIVIDEND RATES TO ITS MEMBERSHIP AND CONVENIENCE WAYS FOR MEMBERS TO THEIR ACCOUNTS, INCLUDING ONLINE AND MOBILE BANKING AND SHARED BRANCHING SERVICES. 0 false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 23034 0 true 273 true true true false false false false false X 7 7 false false false false true true false true true false true true true true true true true true true true false X Melissa McGill 5029683681 2515 Blankenbaker Parkway Louisville KY 40299 Mark Loyd Chairman 1.0 0.0 X X 0 0 0 Thomas Hendrix 1st Vice Chairman 1.0 0.0 X X 0 0 0 Phyllis Hughes 2nd Vice Chairman 1.0 0.0 X X 0 0 0 Bobby Willoughby Secretary/Treasurer 1.0 0.0 X X 0 0 0 Joseph Ackerman Director 1.0 0.0 X 0 0 0 Dennis Munn Director 1.0 0.0 X 0 0 0 PENNY GOLD DIRECTOR (BEGAN FEBRUARY 2015) 1.0 0.0 X 0 0 0 Donald Cummins Director (ENDED FEBRUARY 2015) 1.0 0.0 X 0 0 0 James Spradlin President/CEO 40.0 0.0 X 303901 0 15620 Sandra Gogan SVP of Retail Operations 40.0 0.0 X 170834 0 11846 Sharon Thompson SVP of HR & Organizational Development 40.0 0.0 X 128451 0 6554 Lisa Bannon SVP of Support Operations 40.0 0.0 X 125328 0 15337 James Perkins SVP of Information Technology (started June 2015) 40.0 0.0 X 111517 0 10295 Ronald T Richardson SVP of Information Technology (Ending 5/19/15) 40.0 0.0 X 92389 0 11459 Steve Loftis VP of Facilities 40.0 0.0 X 121881 0 21105 Carolyn Riggs VP of Marketing & Business Development 40.0 0.0 X 119329 0 15659 Melissa McGill VP OF FINANCE 40.0 0.0 X 106418 0 14107 1280048 0 121982 9 false true false Kelley Construction INC PO Box 1362 Indianapolis IN 46206 Branch contruction 3427278 QSI Inc 107 Schular DR Bardstown KY 40004 Security/various other 1556265 K4 Architecture LLC 555 Gest Street Cincinnati OH 45203 Branch design 1395784 Intercontinental 5901 Broken Sound Parkway Suite 400 Boca Raton FL 33487 Warranty sales 586595 Windstream Communications PO Box 9001950 Louisville KY 40290 Communication Services 545240 28 0 Interest on loans 522291 24457497 24457497 Fees and service charges 522190 10800976 10800976 ATM SURCHARGE/WARRANTIES/LIFE INSURANCE 522100 298213 298213 Credit Union owned life insurance 524113 459837 459837 0 0 0 0 36016523 1016582 1016582 0 0 13966187 108801989 13999996 106080915 -33809 2721074 2687265 2687265 0 0 0 0 0 39720370 35718310 298213 3703847 7613 0 0 0 1280048 9033393 778064 796693 856285 12369 94489 10517 3179716 0 0 0 1202829 1189729 869468 2222189 131285 74850 5228427 1724598 198808 Provision for Loan Loss 4487729 Loan Servicing Expenses 1291803 Share Account Losses 373851 307399 0 0 0 35352152 0 0 0 7550925 13179441 36291634 62490625 0 2202029 2002219 0 0 0 488422877 570736799 0 455912 771814 47893954 13589488 28411858 34304466 36637599 24742636 287341 357958 13548032 14517621 544460 760875 77890968 51983878 692243635 775848332 4430132 4913718 0 24581 4228 0 570224 745767 20000000 0 0 605090580 702976595 630115517 708640308 X 62128118 67208024 62128118 67208024 692243635 775848332 X 4368218 243007 468681 X false true X true false 10743340 10743340 23319745 5252404 18067341 257553 257553 0 4125872 3360972 764900 9447444 4718559 4728885 34304466 Loans Held for Sale 27995400 Prepaid Pension Plan Funding 4765960 Deferred Compensation Plans 3212311 Investments for Benefits Prefunding 16010207 51983878 Unapplied DP Exceptions 1051135 Other Liabilities 411636 Member share and savings accounts 701513824 702976595 X 39720370 0 0 39720370 0 0 39720370 35352152 0 0 35352152 0 0 35352152 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Credit Union is exempt, by statute, from federal and state income taxes on income derived from providing financial services to its members. Net income derived from other sources, such as non-member ATM fees, is taxable at the statutory corporate rate. No income tax expense was incurred in 2015 or 2014. X X X false false false James Spradlin President/CEO 273213 0 21157 0 9531 0 7950 0 7670 0 319521 0 0 0 Sandra Gogan SVP of Retail Operations 142113 0 19400 0 9321 0 4865 0 6981 0 182680 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders The organization has members who have the right to participate in the organization's governance. Members of the organization have the right to elect the 7 members of the governing body/ board of directors, serving 3 year terms. The organization does not have classes of membership. All members have one share of the credit union and are entitled to one vote. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body See Form 990, Part VI, Line 6 narrative. Form 990, Part VI, Line 11b Review of form 990 by governing body The preparation of the Form 990 is lead by the Vice President of Finance and coordinated with other senior leadership individuals within the credit union. Once the Form 990 is prepared, it is reviewed by the Executive Vice President and Chief Executive Officer of the credit union. The Board of Directors are provided a copy of the Form 990 prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy THE CREDIT UNION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, MANAGEMENT OFFICIALS AND HIGHEST PAID EMPLOYEES. CONFLICTS OF INTEREST QUESTIONNAIRES WERE SENT TO ALL INTERESTED PERSONS TO IDENTIFY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST. THE COMPLIANCE DIRECTOR REVIEWS THE COMPLETED QUESTIONNAIRES TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A PARTICULAR DIRECTOR HAS A CONFLICT OF INTEREST, THAT DIRECTOR WOULD NOT BE PERMITTED TO VOTE ON A TOPIC RELATED TO THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official The salary plan used by the credit union for the top management official utilizes market salary data and job grade ranges. The credit union's compensation committee reviews and approves the compensation of the chief executive officer and documents deliberations and decision making regarding this compensation in the minutes of the compensation committee meeting. The compensation plan is updated annually through the use of a third party vendor to ensure it remains current. The last update was October 2015. Form 990, Part VI, Line 15b Process to establish compensation of other employees The salary plan used by the credit union for all positions, including all officers and key employees, utilizes market salary and job grade ranges. The Compensation plan is updated annually through the use of a third Party vendor to ensure it remains current. The compensation committee reviews and approves the plan. The last update was October 2015. Form 990, Part VI, Line 19 Required documents available to the public If a credit union's conflict of interest policy or governing document is specifically requested by a member, the member would be allowed to review the policy or document. Financial information for the credit union is available through the National Credit Union Administration's website and is posted in the offices of the credit union. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Other Comprehensive Income for Defined Benefit Pension Plans - 468681;