2014-07-15T09:48:04-05:00 2013-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2013-01-01 630416876 NAHEOLA CREDIT UNION NAHE 2056542370 PO BOX 102 PENNINGTON AL 369160102 MARK JOHNSON CEO 2056542370 2014-06-30 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2013 2015-11-30 17:44:51Z MARK JOHNSON PO BOX 102 PENNINGTON AL 369160102 3453713 0 X WWW.NAHEOLA.COM X 1959 AL TO PROVIDE THRIFT AND LOW COST LOANS TO MEMBERS 7 7 25 12 13640 0 0 0 2409502 2337251 420048 382860 678064 721677 3507614 3441788 0 0 0 0 1125752 1182513 0 0 0 1995763 1828136 3121515 3010649 386099 431139 75354998 77113308 58703433 60376178 16651565 16737130 TO PROVIDE THRIFT AND LOW COST LOANS TO MEMBERS 0 0 6,958 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 2018 0 1 25 1 1 1 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 0 0 1 0 1 1 1 1 0 1 1 1 0 X JEFFREY HASTY COO 2056542370 5480 MAIN STREET PENNINGTON AL 36916 BILL ADAMS DIRECTOR,CHAIRPERSON 1.00 X 0 0 0 MACK BARKLEY DIRECTOR 1.00 X 0 0 0 ALFRED BARR DIRECTOR 1.00 X 0 0 0 PAUL JENKINS DIRECTOR, VICE CHAIRPERSON 1.00 X 0 0 0 JOEY MCILWAIN DIRECTOR, SECRETARY 1.00 X 0 0 0 JOHNNY CARROLL DIRECTOR 1.00 X 0 0 0 DICK RAMSEY DIRECTOR 1.00 X 0 0 0 MARK JOHNSON CEO 40.00 X 126522 0 20713 JEFFREY HASTY COO 40.00 X 84694 0 9668 NECHIA SHARPE VICE PRESIDENT 40.00 X 57613 0 8682 LESLIE DAVIS VICE PRESIDENT 40.00 X 47930 0 15327 316759 0 54390 1 0 0 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 TECHNOLOGY 373129 1 LOAN INTEREST INCOME 522130 2337251 2337251 2337251 333592 333592 61193 0 11925 61193 -11925 49268 49268 NSF FEES 522130 433400 433400 OTHER INCOME 522130 236941 236941 LATE FEES 522130 37561 37561 13775 135 13640 721677 3441788 3045288 13640 382860 371149 499910 114278 130283 66893 13892 18150 35309 71115 167005 358906 83056 49384 22902 491119 185436 16600 CHECK AND LOAN SERVICIN 121250 DATA PROCESSING 94166 DUES AND SUBSCRIPTIONS 36612 MISCELLANEOUS EXPENSE 26679 36555 3010649 679860 518960 29186424 29362323 39147868 38515069 453770 528831 5135878 1643727 2637835 3492151 2439956 3860953 809285 835021 75354998 77113308 549324 496604 58154109 59879574 58703433 60376178 X 0 0 0 0 16651565 16737130 16651565 16737130 75354998 77113308 X 431139 -234214 -3136 -108224 X X 0 0 0 471500 471500 2712104 899373 1812731 933533 744354 189179 1018741 1018741 3492151 FEDERAL AGENCY SECURITIES 3860953 C 3860953 MEMBER DEPOSITS 59879574 59879574 FORM 990, PART VI, SECTION A, LINE 2 MACK BARKLEY, BOARD MEMBER, IS MARRIED TO LYNNE BARKLEY, SUPERVISORY COMMITTEE MEMBER, NON-COMPENSATED POSITION. ALFRED BARR, BOARD MEMBER, IS THE FATHER OF NECHIA SHARPE, VP (COMPLIANCE/HR SUPERVISOR). ALL RELATED BOARD MEMBERS ABSTAIN FROM VOTING ON ALL ISSUES CONCERNING THE RESPECTIVE RELATED EMPLOYEE OR COMMITTEE MEMBER. FORM 990, PART VI, SECTION A, LINE 6 NAHEOLA 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 BE A CITIZEN OF CHOCTAW, MARENGO, WASHINGTON, CLARKE, SUMTER, HALE, PERRY, GREENE, MOBILE, ESCAMBIA OR BALDWIN COUNTY IN THE STATE OF ALABAMA. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING BY PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 10B BRANCHES OF THE NAHEOLA CREDIT UNION FOLLOW THE SAME POLICIES AS THE MAIN OFFICE AND UNDERSTAND THAT BRANCH ACTIONS ARE SUBJECT TO MAIN OFFICE APPROVAL; HOWEVER, THERE IS NO WRITTEN POLICY. 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 ARE TO MAKE THE ORGANIZATION AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. THE LEAGUE OF SOUTHEASTERN CREDIT UNIONS ALSO EXAMINES THE CREDIT UNION ACCOUNTS ANNUALY FOR POTENTIAL CONFLICTS TO SUPPORT THE CREDIT UNION'S MONITORING EFFORTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND 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. THE BOARD USES NATIONAL PEER GROUP SALARY GUIDES PROVIDED BY CUNA AS AN INDEPENDENT SALARY GUIDE. 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 PLAN ADJUSTMENT -108,224. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS MARCH 31 YEAR END AUDITED FINANCIALS PREPARED BY AN INDEPENDENT CPA. ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ADMINISTRATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION.