2014-09-02T13:23:11-05:00 2013-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2013-01-01 580146810 Atlanta Postal Credit Union ATLA 4047684126 3900 Crown Road Atlanta GA 303800001 Donald A DeCinque President/CEO 4047684126 2014-08-21 1 Mary Jo Alexander P00002534 7709558600 2014-08-21 2013 2015-11-30 17:44:51Z Gary Kyle 3900 Crown Road Atlanta GA 303800001 59548425 0 X www.apcu.com X 1925 GA Providing financial services to Atlanta Postal Credit Union members. 9 8 231 14 0 0 0 0 54512002 52218964 8816126 6816717 33136 2279 63361264 59037960 0 0 0 0 12620643 13505966 0 0 0 41624489 36984208 54245132 50490174 9116132 8547786 2030761169 2033951996 1797205192 1795269373 233555977 238682623 X See Sch O for complete mission statement.Our Mission is to remain the leader among postal credit unions in this country, with a commitment to the well being of our members, the credit union community as a whole, and our staff. We will offer services in a friendly, professional manner consistent with the integrity of our institution. The Credit Union will be managed in a financially sound manner to assure profitability that is beneficial to our members. 0 0 Credit Union providing loans and deposits for over 106,000 members. Atlanta Postal Credit Union is a member-owned, not-for-profit financial cooperative, founded on the premise that working people need a safe and sound place to save and borrow money. Guiding principles are unique: only people who are credit union members can borrow here, loans should be for prudent and productive purposes, and a person's character and desire to repay a loan are considered as important as a person's income. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 38713 0 1 231 1 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 GA X The Organization 4047684126 3900 Crown Road Atlanta GA 30380 Katherine Brown Director 1.00 X 10800 0 0 Donald A DeCinque President/CEO/Director 40.00 X X 498972 0 16314 David Disharoon Director 1.00 X 0 0 0 Royce L Jackson Board Secretary 1.00 X 2231 0 0 J T Middlebrooks Director 1.00 X 9700 0 0 Henry P Mulkey Director 1.00 X 9790 0 0 Moses M Spence Board Chairman 1.00 X 0 0 0 Bud Wilkinson Director 1.00 X 0 0 0 David Patterson Director 1.00 X 9408 0 0 Gary Kyle CFO 40.00 X 214070 0 16314 Charles Head COO / EVP 40.00 X 256266 0 12724 Janet Spruell SR VP Operations 40.00 X 173241 0 8932 Dianne Yost SR VP Marketing 40.00 X 156846 0 13046 Richard McCall CIO 40.00 X 176931 0 16314 Lana Beck VP Human Resources 40.00 X 122764 0 8974 1641019 0 92618 7 0 1 0 THE REALTY ASSOCIATES FUND IX LP PO BOX 202846 DALLAS TX 753202846 Leased Office Space 801121 THOMPSON O'BRIEN KEMP & NASUTI PC SUITE 300 NORCROSS GA 30092 Legal Services for loan collections 612204 DATAMATX 3146 NORTHEAST EXPRESSWAY ATLANTA GA 303415345 Member Statement Processing 575741 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 Processing System Software Provider 410208 JOHN M FLOYD & ASSOCIATES 125 N BURNET DRIVE BAYTOWN TX 77520 Courtesy Pay Program 230263 15 Interest on Loans 522100 44993557 44993557 Other Operating Income 522100 7225407 7225407 52218964 7327182 7327182 2279 0 2279 2279 2279 510465 -510465 -510465 -510465 59037960 59546146 0 -508186 1056589 7782235 2428263 1621778 617101 2940 109591 343939 1135679 7106375 1337875 195727 733889 Dividends and interest 18249832 Loan servicing expense 2395985 Member insurance 2355399 Provision for loan loss 2150000 866977 50490174 3433753 3637925 235922852 219570955 892567488 906846263 9556650 7582845 1197271 1973805 857265631 859465660 40374174 42457388 2030761169 2033951996 9285974 9712228 1787919218 1785557145 1797205192 1795269373 X 0 0 0 0 233555977 238682623 233555977 238682623 2030761169 2033951996 X 8547786 -7107338 3686198 X X 0 1 X 1 0 161314 161314 0 1507090 680524 826566 7888246 6741007 1147239 1973805 Mutual Funds 2255275 F US Govt-sponsored Enterprises 851152725 F Georgia Central CU PCB 3299037 C Catalyst Corporate PCC 750000 C Bank Owned CD's 1642000 C Other Invests 366623 C 859465660 Accrued Dividends 139654 Shares and deposits 1785417491 1785557145 X 51930622 -7107338 -7107338 59037960 0 59037960 47109232 -3380942 -3380942 50490174 0 50490174 Part X, Line 2: The organization does not have any uncertain tax positions reported on the audited financial statements under FIN 48. Part XII, Line 2d - Other Adjustments: Adjustment to recognize funded status of pension plan -3,380,942. X 1 1 X X X X 0 0 0 Donald A DeCinque President/CEO/Director 444422 0 50000 0 4550 0 0 0 16314 0 515286 0 0 0 Gary Kyle CFO 199070 0 15000 0 0 0 0 0 16314 0 230384 0 0 0 Charles Head COO / EVP 226266 0 30000 0 0 0 0 0 12724 0 268990 0 0 0 Janet Spruell SR VP Operations 156241 0 17000 0 0 0 0 0 8932 0 182173 0 0 0 Dianne Yost SR VP Marketing 141846 0 15000 0 0 0 0 0 13046 0 169892 0 0 0 Richard McCall CIO 161931 0 15000 0 0 0 0 0 16314 0 193245 0 0 0 Part I, Line 1a Spouse (or guest) Expense. The spouse or guest of each director, volunteer and APCU officer is encouraged to attend APCU functions. APCU will pay expenses for this person to include the following but not limited to all travel, food, lodging, registration, incidental expenses and entertainment. The Credit Union Loan Source LLC Common Board Member 153149065 Purchase of Auto Loans 0 The Credit Union Loan Source LLC Common Board Member 124914309 Servicing of Loans. The Credit Union Loan Source, LLC is servicing the loans by collecting principal and interest and then remitting to APCU. This amount represents Atlanta Postal Credit Union's share of principal and interest net of service fees and other adjustments. 0 Form 990, Part VI, Section A, line 6 Atlanta Postal Credit Union is a state-chartered credit union with over 106,000 voting members. Form 990, Part VI, Section A, line 7a Credit union members vote for board members. Form 990, Part VI, Section B, line 11 The entire board reviews and discusses Form 990 in a board meeting prior to filing. Form 990, Part VI, Section B, line 12c Each year, directors and officers complete the Confidential Report for Credit Union Officials for the Georgia State Banking Department. This form requires that other business relationships be disclosed. These forms are monitored for any potential conflicts. Form 990, Part VI, Section B, line 15 Salaries for the CEO and other officers are reviewed and increases approved by the board of directors. Salaries for these positions are compared to industry averages by using CUNA's Complete Credit Union Staff Salary Survey. Form 990, Part VI, Section C, line 19 Atlanta Postal Credit Union files call reports quartely. These are published on the internet and available to the general public. Other documents are available upon request. Form 990, Part XI, line 9: Adjustment to recognize funded status of Pension Plan 3,380,942. Ashville Postal Credit Union Merger 305,256. Form 990. Part XII, line 2c. There have been no changes to the auditor selection process nor the financial statement review.