2014-04-21T17:20:39-05:00 2013-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2013-01-01 630436631 TUSCALOOSA TEACHERS CREDIT UNION TUSC 2057591505 PO BOX 1756 TUSCALOOSA AL 354031756 GREG SASSAMAN PRESIDENT 2057591505 2014-05-15 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2014-05-15 2013 2015-11-30 17:44:51Z GREG SASSAMAN PO BOX 1756 TUSCALOOSA AL 354031756 4661312 0 X WWW.TTCUWEB.COM X 1953 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 7 7 28 10 9802 -1926 0 0 2143762 2001799 1266590 1228104 1385433 1365049 4795785 4594952 0 0 0 0 1332857 1340209 0 0 0 2825121 2524550 4157978 3864759 637807 730193 115265710 118560305 100916725 105223770 14348985 13336535 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMEBERS. 0 0 8,459 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2525 0 1 28 1 1 1 0 0 0 0 0 X 7 7 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 NANCY TERRY BOARD SECRETARY 1.00 X 0 0 0 BYRON O ABSTON BOARD TREASURER 1.00 X 0 0 0 NEAL GUY BOARD MEMBER 1.00 X 0 0 0 STEVEN L LAMON BOARD VICE CHAIRPERSON 1.00 X 0 0 0 MICHAEL DARIA BOARD CHAIRPERSON 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 EDITH M NEWMAN VICE PRESIDENT 40.00 X 59692 0 8854 DIANE W HESTER SENIOR VICE PRESIDENT 40.00 X 73128 0 9778 GREG SASSAMAN CEO 40.00 X 123995 0 16027 CHAD DAVIS VICE PRESIDENT 40.00 X 70485 0 9595 327300 0 44254 1 0 0 0 FISERV CORPORATION 2601 NETWORK BLVD FRISCO TX 75034 DATA PROCESSING 578270 1 LOAN INTEREST INCOME 522130 2001799 2001799 2001799 1294464 1294464 10694 10694 4200 0 4200 4200 4200 66360 -66360 -66360 -66360 NSF/OVERDRAFT FEES 522130 735010 735010 ACCOUNT FEES AND CHARGES 522130 510880 510880 RECOVERIES OF LOAN LOSSES 522130 63394 63394 40871 31069 9802 1350155 4594952 3342152 9802 1242998 371554 578854 237277 80453 72071 14365 50844 11680 117888 105470 469082 175665 2957 33081 931045 69250 92073 OTHER ACCOUNT SERVICE E 120326 LOAN SERVICING AND COLL 98925 NCUSIF STABALIZATION EX 79512 STATE TAXES 43493 108894 3864759 839762 1175173 9649803 2606713 199847 215579 37260912 37835113 77233 1347945 2663229 944348 1760887 1718881 63683257 71788606 50000 50000 1744009 1822295 115265710 118560305 937719 275241 0 102018 99979006 104846511 100916725 105223770 X 0 0 0 0 14348985 13336535 14348985 13336535 115265710 118560305 X 730193 -2083931 341288 X X 0 0 0 1322165 1322165 671100 378559 292541 324684 282239 42445 94222 75458 18764 251058 208092 42966 1718881 GOVERNMENT SECURITIES 71788606 F 71788606 MEMBER DEPOSITS 104846511 104846511 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 341,288. 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.