2016-10-17T09:44:32-05:00 2015-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2015-01-01 630207315 AVADIAN CREDIT UNION AVAD 2059852836 ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM AL 35244 LINDA CENCULA CEO 2059852836 2016-08-12 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2015 2017-02-10 21:41:12Z LINDA CENCULA ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM AL 35244 43925526 0 X WWW.AVADIANCU.COM X 1934 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 15 15 242 15 91092 0 0 0 19687490 20059069 2554220 2713792 10247772 10275355 32489482 33048216 0 40450 0 0 11031117 11544459 0 0 0 18260506 18029763 29291623 29614672 3197859 3433544 602474262 618353010 536589582 549748133 65884680 68604877 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 0 0 72,667 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS 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 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 13336 0 1 242 1 1 1 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X LAURIE SHOOK 2059852836 ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM AL 35244 GARY CANNADY CHAIRMAN 1.00 X 0 0 0 KEITH MILLING DIRECTOR 1.00 X 0 0 0 JIM GUNN DIRECTOR 1.00 X 0 0 0 NANCY MORGAN SECRETARY 1.00 X 0 0 0 DENNIS DEARING VICE CHAIRMAN 1.00 X 0 0 0 ANDREW AUSTIN DIRECTOR 1.00 X 0 0 0 ELBERT BALCH DIRECTOR 1.00 X 0 0 0 DEBORAH GIVEN DIRECTOR 1.00 X 0 0 0 TANDY KEY DIRECTOR 1.00 X 0 0 0 ROLAND COBURN DIRECTOR 1.00 X 0 0 0 LOWELL BRYANT DIRECTOR 1.00 X 0 0 0 TERRY DAVIS DIRECTOR 1.00 X 0 0 0 CALVIN NELSON TREASURER 1.00 X 0 0 0 LINDA RUETHEMANN DIRECTOR 1.00 X 0 0 0 ROBERT KIRKLAND DIRECTOR 1.00 X 0 0 0 LINDA CENCULA CEO 48.00 X 334732 0 74350 WILLIAM R CHANCELLOR SR VP LENDING & COLLECTION 48.00 X 162418 0 34539 KIM MURDOCH SR VP OPERATIONS 48.00 X 151008 0 44252 LAURIE SHOOK SR VP CONTROLLER 48.00 X 143560 0 56511 STANTON DAVIS VP MARKETING 48.00 X 133139 0 26668 JUSTIN ORR CIO/SVP INFORMATION TECHNO 48.00 X 137153 0 30598 PARKER STEELE VP/LEGAL COUNSEL 48.00 X 145788 0 27872 JAMES DISMUKEB AFS PROGRAM MANAGER 48.00 X 176404 0 58887 ALPESH PATEL AVP INFORMATION TECHNOLOGY 48.00 X 104669 0 21034 THOMAS TRIPLETT COMPLIANCE MANAGER 48.00 X 101001 0 2373 1589872 0 377084 10 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE PROCESSING SYSTEM 550956 Y MEDIA WORKS 3756 DUNBARTON DRIVE BIRMINGHAM AL 35223 ADVERTISING 448223 FITZMARTIN INC 2826 6TH AVENUE SOUTH BIRMINGHAM AL 35213 ADVERTISING CONSULTANT 367592 LSCU CORPORATION INC PO BOX 380428 BIRMINGHAM AL 35238 TRANSACTION PROCESSOR 355970 LENDING SOLUTIONS INC 2200 POINT BLVD ELGIN IL 60123 CALL CENTER SERVICES 189600 15 LOAN INTEREST INCOME 522130 20059069 20059069 20059069 2457700 2457700 30720 30720 9729 9729 0 11116216 7457 10864374 3207 251842 4250 256092 256092 NSF AND CHECK FEES 522130 3875036 3875036 CREDIT CARD FEES 522130 3102837 3102837 OTHER ACCOUNT FEES 522130 3077154 3077154 189608 98516 91092 10244635 33048216 30212612 91092 2744512 40450 1502588 7564823 630211 1256059 590778 73836 101151 173341 1869166 2295454 2005900 985149 191405 106905 2603591 1063946 232128 CHECK AND LOAN SERVICIN 2236806 BAD DEBTS 1806723 OTHER OPERATING EXPENSE 1455943 REPAIRS AND MAINTENANCE 260633 567686 29614672 13839917 8116547 39051732 38188896 370043058 396440848 0 0 2288232 2460664 39165188 9754870 25200616 29410318 142330129 131863098 634164 350000 218004 190753 8868410 11331886 602474262 618353010 8753170 2075490 527836412 547672643 536589582 549748133 X 0 0 0 0 65884680 68604877 65884680 68604877 602474262 618353010 X 3433544 -529622 -183725 X X 0 1 X 1 0 3861179 7117282 10978461 18645789 2640060 16005729 424691 421811 2880 9116247 6692999 2423248 29410318 ACCRUED BENEFITS 1681055 MEMBER DEPOSITS 545991588 547672643 X 33520488 472272 472272 33048216 0 33048216 30086944 472272 472272 29614672 0 29614672 PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES EXCEPT FOR CERTAIN PRODUCTS AND SERVICES FOR WHICH THE NET TAXABLE INCOME IS SUBJECT TO INCOME TAXES UNDER THE UNRELATED BUSINESS INCOME TAX (UBIT) REGULATIONS. TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2015 AND 2014, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER FOR ALL OPEN TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET CONSOLIDATION OF AVADIAN FINANCIAL SERVICES, INC. 472,272. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET CONSOLIDATION OF AVADIAN FINANCIAL SERVICES, INC. 472,272. 1 UNITED WAY OF CENTRAL ALABAMA INC PO BOX 320189 BIRMINGHAM AL 35232 630288846 501(C)(3) 22200 GENERAL SUPPORT MAGIC MOMENTS INC 1600 SEVENTH AVENUE SOUTH BIRMINGHAM AL 35233 630887875 501(C)(3) 13750 GENERAL SUPPORT 2 PART I, LINE 2: THE CREDIT UNION ENSURES PROPER USE OF CONTRIBUTED FUNDS BY ONLY CONTRIBUTING TO QUALIFIED 501(C)(3) ORGANIZATIONS. X X X X 0 0 0 LINDA CENCULA CEO 312607 0 22125 0 0 0 66119 0 8231 0 409082 0 0 0 WILLIAM R CHANCELLOR SR VP LENDING & COLLECTION 158611 0 3807 0 0 0 25995 0 8544 0 196957 0 0 0 KIM MURDOCH SR VP OPERATIONS 146529 0 4479 0 0 0 31706 0 12546 0 195260 0 0 0 LAURIE SHOOK SR VP CONTROLLER 139268 0 4292 0 0 0 46286 0 10225 0 200071 0 0 0 STANTON DAVIS VP MARKETING 129590 0 3549 0 0 0 18416 0 8252 0 159807 0 0 0 JUSTIN ORR CIO/SVP INFORMATION TECHNO 133086 0 4067 0 0 0 18298 0 12300 0 167751 0 0 0 PARKER STEELE VP/LEGAL COUNSEL 145404 0 384 0 0 0 15388 0 12484 0 173660 0 0 0 JAMES DISMUKEB AFS PROGRAM MANAGER 99706 0 76698 0 0 0 46870 0 12017 0 235291 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AVADIAN CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL CAN MEET ANY OF THE ELIGIBILITY REQUIREMENTS BELOW: -IF YOU LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE FOLLOWING COUNTIES: AUTAUGA, BALDWIN, BLOUNT, CALHOUN, CHEROKEE, COFFEE, COLBERT, CULLMAN, DALLAS, DEKALB, ELMORE, ETOWAH, GENEVA, HOUSTON, JACKSON, JEFFERSON, LAUDERDALE, LAWRENCE, LEE, LIMESTONE, MADISON, MARION, MARSHALL, MOBILE, MONTGOMERY, MORGAN, PIKE, RANDOLPH, SHELBY, ST. CLAIR, TALLADEGA, TUSCALOOSA, WALKER, OR WINSTON. -IF YOU ARE AN EMPLOYEE OF AN AVADIAN SELECT EMPLOYEE GROUP. -IF YOU ARE RELATED BY BLOOD OR MARRIAGE TO MEMBERS OF AVADIAN CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT BOARD MEMBERS AT THEIR ANNUAL MEETING. ANY OPEN POSITIONS ON THE BOARD ARE FILLED AT THIS TIME. 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 BYLAW CHANGES ARE VOTED ON BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 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 THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH THE REQUIREMENTS OF THE PERSONNEL POLICY FOR EMPLOYEES. THIS POLICY REQUIRES THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BE REPORTED IN WRITING TO THE PRESIDENT OF THE CREDIT UNION WHETHER THE CONFLICT ARISES FROM ACTIONS OF AN EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION OR FROM A FAMILY MEMBER OF ANY EMPLOYEE, DIRECTOR OR OFFICIAL OF THE CREDIT UNION. BOARD AND COMMITTEE MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW THE CEO'S SALARY ON AN ANNUAL BASIS. THE BOARD REVIEWS THE PERFORMANCE OF THE CEO WHILE TAKING INTO ACCOUNT THE OVERALL PERFORMANCE OF THE CREDIT UNION. ADDITIONALLY, THE BOARD USES "CUES" COMPENSATION SURVEYS IN CONJUNCTION WITH COMPEASE DATA, WHICH PROVIDES INDEPENDENT COMPARABLE SALARY DATA FOR THE DELIBERATION AND DECISION MAKING PROCESS. COMPENSATION FOR OTHER OFFICERS, KEY EMPLOYEES & MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS BY THE CEO. THE CEO USES SIMILAR SALARY SURVEY DATA WHILE TAKING INTO CONSIDERATION THE TYPE OF WORK PERFORMED, SUPERVISOR PERFORMANCE EVALUATIONS, AND THE OVERALL PERFORMANCE OF THE CREDIT UNION. 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 XI, LINE 9: PENSION ADJUSTMENT -183,725. PART XII, LINE 2C NO CHANGES HAVE OCCURRED IN THE PROCESS FROM THE PRIOR YEAR. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION AVADIAN CREDIT UNION ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM, AL 35244 EMPLOYER IDENTIFICATION NUMBER: 63-0207315 FOR THE YEAR ENDING DECEMBER 31, 2015 AVADIAN 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 AVADIAN CREDIT UNION ONE RIVERCHASE PARKWAY SOUTH BIRMINGHAM, AL 35244 EMPLOYER IDENTIFICATION NUMBER: 63-0207315 FOR THE YEAR ENDING DECEMBER 31, 2015 AVADIAN CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). AVADIAN FINANCIAL SERVICES INC PO BOX 360287 BIRMINGHAM AL 35244 202468342 FINANCIAL SERVICES AL N/A C 97404 1.00000 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 AVADIAN FINANCIAL SERVICES A 9729 VALUE OF THE RENTAL SPACE AVADIAN FINANCIAL SERVICES L 252824 COST OF THE PERSONNEL TIME USED AVADIAN FINANCIAL SERVICES Q 113384 COST OF THE EXPENSE AVADIAN FINANCIAL SERVICES F 353867 VALUE OF CASH RECEIVED SCH R, PART V, LINE 2: LINE 1 - RENTAL PAYMENTS FOR OFFICE SPACE LINE 2- MANAGEMENT FEES PAID FOR SERVICES LINE 3 - OTHER REIMBURSED EXPENSES LINE 4 - LIQUIDATING DISTRIBUTION DUE TO 12/31/15 DISSOLUTION OF AVADIAN FINANCIAL SERVICES