2015-04-30T12:59:11-05:00 2014-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2014-01-01 630436631 TUSCALOOSA TEACHERS CREDIT UNION TUSC 2057591505 PO BOX 1756 TUSCALOOSA AL 354031756 GREG SASSAMAN PRESIDENT 2057591505 2015-05-15 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2015-05-15 2014 2016-03-07 17:11:31Z GREG SASSAMAN PO BOX 1756 TUSCALOOSA AL 354031756 4858993 0 X WWW.TTCUWEB.COM X 1953 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 8 8 25 10 9991 -1673 0 0 2001799 1896753 1228104 1360618 1365049 1291291 4594952 4548662 0 7500 0 0 1340209 1165690 0 0 0 2524550 2424852 3864759 3598042 730193 950620 118560305 119294489 105223770 104146748 13336535 15147741 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMEBERS. 0 0 8,345 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2247 0 1 25 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X GREG SASSAMAN CEO 2057591505 2520 6TH ST TUSCALOOSA AL 35401 DEIDRA CHARLTON BOARD MEMBER 1.00 X 0 0 0 BYRON O ABSTON BOARD MEMBER 1.00 X 0 0 0 NEAL GUY BOARD MEMBER 1.00 X 0 0 0 GREG HURST BOARD MEMBER 1.00 X 0 0 0 MICHAEL DARIA BOARD MEMBER 1.00 X 0 0 0 JACK GIBSON BOARD MEMBER 1.00 X 0 0 0 MARLON MURRAY BOARD MEMBER 1.00 X 0 0 0 DONALD KELLY CHAIRPERSON 1.00 X 0 0 0 SCOTT RYAN VICE PRESIDENT 40.00 X 54469 0 839 DIANE W HESTER SENIOR VICE PRESIDENT 40.00 X 71111 0 9384 GREG SASSAMAN CEO 40.00 X 132007 0 16698 CHAD DAVIS VICE PRESIDENT 40.00 X 63827 0 8974 321414 0 35895 1 0 0 0 FISERV CORPORATION 2601 NETWORK BLVD FRISCO TX 75034 DATA PROCESSING 577127 1 LOAN INTEREST INCOME 522130 1896753 1896753 1896753 1398955 1398955 10676 10676 4200 0 4200 4200 4200 271994 310331 -38337 -38337 -38337 NSF/OVERDRAFT FEES 522130 736945 736945 ACCOUNT FEES AND CHARGES 522130 504499 504499 OTHER MISCELLANEOUS INCOME 522130 24980 24980 9991 9991 1276415 4548662 3163177 9991 1375494 7500 357309 571315 80956 84817 71293 14760 47517 225700 110164 442152 168341 13801 16991 773714 126131 59130 OTHER ACCOUNT SERVICE E 124944 LOAN SERVICING AND COLL 112587 STATE TAXES 55076 BAD DEBT 50350 83494 3598042 1175173 1067637 2606713 6691649 215579 213535 37835113 39494576 1347945 1116997 4748753 759224 1718881 3989529 71788606 65179392 50000 50000 1822295 1491174 118560305 119294489 275241 783640 102018 0 104846511 103363108 105223770 104146748 X 0 0 0 0 13336535 15147741 13336535 15147741 118560305 119294489 X 950620 1085354 -95927 -128841 X X 0 0 0 1532705 1532705 2797682 417180 2380502 191809 191809 0 171217 110357 60860 55340 39878 15462 3989529 GOVERNMENT SECURITIES 65179392 F 65179392 MEMBER DEPOSITS 103363108 103363108 1 SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE 3 7500 0 PART I, LINE 2: SCHOLARSHIP RECIPIENTS ARE SELECTED BY A COMMITTEE MADE UP OF MEMBERS OF THE CREDIT UNION'S BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE. TO BE ELIGIBLE FOR A SCHOLARSHIP, APPLICANTS MUST BE A MEMBER OR HIS OR HER IMMEDIATE FAMILY MUST BE A MEMBER OF GOOD STANDING OF THE CREDIT UNION. NO MINIMUM GPA, ACT, OR SAT SCORE IS REQUIRED, HOWEVER, ACADEMIC PERFORMANCE AS WELL AS LEADERSHIP, COMMUNITY SERVICE, AND FINANCIAL NEED IS CONSIDERED. UPON DETERMINING A SCHOLARSHIP RECIPIENT, THE CREDIT UNION VERIFIES THE RECIPIENT'S COLLEGE ENROLLMENT BY OBTAINING A COPY OF THE RECIPIENT'S COLLEGE REGISTRATION OR SCHEDULE OF COURSES. AFTER CONFIRMING THE RECIPIENT'S ENROLLMENT, THE CREDIT UNION MAILS THE SCHOLARSHIP FUNDS DIRECTLY TO THE RECIPIENT'S COLLEGE. FORM 990, PART VI, SECTION A, LINE 6 THE 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 MUST LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN EITHER TUSCALOOSA, PICKENS, FAYETTE, GREENE, HALE OR BIBB COUNTIES IN ALABAMA. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY 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 XI, LINE 9: CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME FOR PENSION ADJUSTMENT -128,841. FORM 990, PART XII, LINE 2 ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ADMINISTRATION AND ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. ADDITIONALLY, A CPA AUDIT WAS PERFORMED AS OF SEPTEMBER 30. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TUSCALOOSA TEACHERS CREDIT UNION PO BOX 1756 TUSCALOOSA, AL 35403 EMPLOYER IDENTIFICATION NUMBER: 63-0436631 FOR THE YEAR ENDING DECEMBER 31, 2014 TUSCALOOSA TEACHERS 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 TUSCALOOSA TEACHERS CREDIT UNION PO BOX 1756 TUSCALOOSA, AL 35403 EMPLOYER IDENTIFICATION NUMBER: 63-0436631 FOR THE YEAR ENDING DECEMBER 31, 2014 TUSCALOOSA TEACHERS CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).