2014-09-24T12:58:45-05:00 2013-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2013-01-01 630371386 WINSOUTH CREDIT UNION WINS 2565437302 110 SOUTH 26TH STREET GADSDEN AL 35904 DAVID EUBANKS PRESIDENT 2565467302 2014-08-31 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2013 2015-11-30 17:44:51Z DAVID EUBANKS 110 SOUTH 26TH STREET GADSDEN AL 35904 15556896 0 X WWW.WINSOUTHCU.COM X 1951 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 7 7 141 10 36961 -63651 0 0 9163059 8117045 748285 484233 4862440 4727373 14773784 13328651 0 5500 0 0 4256804 4333807 0 0 0 8929917 8679772 13186721 13019079 1587063 309572 233283688 231233157 217190268 215312390 16093420 15920767 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 0 0 39,917 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS 0 0 0 0 0 0 0 0 0 1 0 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 1 1 0 0 1 7175 0 1 141 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KELLY WHISENANT 2565437302 110 SOUTH 26TH STREET GADSDEN AL 35904 HERSEY TAYLOR BOARD MEMBER 2.00 X 0 0 0 GREG GREGERSON BOARD MEMBER 2.00 X 0 0 0 CHARLES ATCHLEY BOARD MEMBER 2.00 X 0 0 0 RONALD PATRICK BOARD MEMBER 2.00 X 0 0 0 DONALD SMITH BOARD MEMBER 2.00 X 0 0 0 GARY KENNEDY BOARD MEMBER 2.00 X 0 0 0 KENNETH SIMMONS BOARD MEMBER 2.00 X 0 0 0 DAVID EUBANKS CEO/PRESIDENT 40.00 X 125306 0 23855 JOAN SMITH COO/VICE PRESIDENT 40.00 X 80430 0 15074 RICK O'NEAL VP-LENDING & COLLECTIONS 40.00 X 70344 0 16675 KELLY WHISENANT COMPTROLLER 40.00 X 64469 0 18150 340549 0 73754 1 0 0 0 EPL INC 22 INVERNESS CTR PARKWAY 400 BIRMINGHAM AL 35242 DATA PROCESSING 839895 LEVERAGE 22 INVERNESS CTR PARKWAY 200 BIRMINGHAM AL 35242 DEBIT CARDS SERVICES 498513 MARIDAN CORPORATION PO BOX 1748 PELHAM AL 35124 PRINTING, ETC. 245172 CUNA MUTUAL PO BOX 2864 MILWAUKEE WI 53201 INSURANCE 177013 PALMETTO COOPERATIVE SERVICES LLC 7440 BROAD RIVER ROAD IRMO SC 29063 PRINTING, ETC. 174796 6 LOAN INTEREST INCOME 522130 8117045 8117045 8117045 429855 429855 31277 31277 10840 46678 -35838 -35838 -35838 2191036 44909 2139917 41650 51119 3259 54378 54378 NSF FEES 522130 2532825 2532825 ACCOUNT, LOAN, AND INTERCHANGE FE 522130 1979134 1979134 OTHER INCOME 522130 183014 183014 36961 36961 4731934 13328651 12812018 36961 479672 5500 414303 2471104 218157 970174 260069 150639 78398 68766 387937 885121 558413 40817 148770 1642685 210865 163774 CHECK AND LOAN SERVICIN 2159670 BAD DEBT 1225054 SERVICE CENTER 403786 ASI ASSESSMENT 164521 390556 13019079 6617649 6079675 42072791 49685268 79402 17845 153177773 143369246 614082 557744 8947592 4822152 4140938 4125440 19404546 20770410 177576 144288 6998931 6483241 233283688 231233157 1113749 1038919 216076519 214273471 217190268 215312390 X 0 0 0 0 16093420 15920767 16093420 15920767 233283688 231233157 X 309572 -197507 -284718 X X 0 0 0 1293050 1293050 4329747 2083721 2246026 31739 31739 0 2808600 2407485 401115 484456 299207 185249 4125440 MEMBER DEPOSITS 214273471 214273471 1 SCHOLARSHIPS FOR STUDENTS ATTENDING COLLEGE 11 5500 PART I, LINE 2: THE CREDIT UNION RECEIVES SCHOLARSHIP APPLICATIONS FROM COLLEGE STUDENTS. APPLICANTS ARE REQUIRED TO PROVIDE A WRITTEN ESSAY, PERSONAL REFERENCES, AND OTHER INFORMATION, SUCH AS THE COLLEGE THEY WILL BE ATTENDING. A MEMBER OF THE COMMUNITY, SUCH AS A TEACHER, A SUPERINTENDENT, OR A MINISTER IS CHOSEN BY THE CREDIT UNION TO JUDGE THE SCHOLARSHIP APPLICATIONS. THE JUDGE MAKES AN UNBIASED SELECTION OF THE SCHOLARSHIP RECIPIENTS. CREDIT UNION PERSONNEL ATTEND AWARDS DAY EVENTS AND PROVIDE A CERTIFICATE AND A CHECK TO EACH SCHOLARSHIP RECIPIENT. 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 THE COUNTIES SERVED BY THE CREDIT UNION THROUGHOUT ALABAMA. MEMBERSHIP IS ALSO AVAILABLE TO ANY MEMBER'S IMMEDIATE FAMILY. THE FOLLOWING COUNTIES ARE SERVED BY THE CREDIT UNION: BLOUNT, CALHOUN, CULLMAN, ETOWAH, JEFFERSON, MADISON, SHELBY, TALLADEGA, CLEBURNE, CHEROKEE, DEKALB, JACKSON, MARSHALL, MORGAN AND ST. CLAIR. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT BOARD MEMBERS AT THEIR ANNUAL MEETING. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION AND THE NOMINEES FOR EACH VACANT POSITION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING. 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 CONSISTENTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF THE 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 AND THE CUNA SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE ASI WEBSITE WHICH CAN BE FOUND AT WWW.AMERICANSHARE.COM. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME - PENSION -284,718. FORM 990, PART XII, LINE 2: ON A YEARLY BASIS, AMERICAN SHARE INSURANCE (ASI), A PRIVATE DEPOSIT INSURER FOR CREDIT UNIONS, EXAMINES THE FINANCIAL STATEMENTS AND CONDUCTS FIELD EXAMINATIONS OF THE CREDIT UNION. THE ALABAMA CREDIT UNION ADMINISTRATION ALSO EXAMINES THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION ALSO HAS AUDITED FINANCIAL STATEMENTS PREPARED AS OF MARCH 31. WINSOUTH FINANCIAL SERVICES INC 1519 RAINBOW DRIVE GADSDEN AL 35901 201652934 TO PROVIDE MEMBERS OF CU WITH ADDITIONAL FINANCIAL PRODUCTS AL N/A C -25059 103472 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 WINSOUTH FINANCIAL SERVICES INC M 302286 FAIR MARKET VALUE PART V, LINE 2 WINSOUTH FINANCIAL SERVICES IS A LOAN PROCESSOR FOR THE CREDIT UNION.