2014-10-27T09:33:38-05:00 2013-12-31 461498870 BARFIELD MURPHY SHANK & SMITH LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2013-01-01 630333902 CREDIT UNIONS IN THE STATE OF AL LISTERHILL CREDIT UNION CRED 2563839204 PO BOX 566 SHEFFIELD AL 356600566 BRAD GREEN CEO/PRESIDENT 2563839204 2014-10-11 1 CYNTHIA A HUDSON CPA P00029332 2059825500 2013 2015-11-30 17:44:51Z BRAD GREEN PO BOX 566 SHEFFIELD AL 356600566 39283152 0 X WWW.LISTERHILL.COM X 1952 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 8 8 298 11 37712 -19513 0 0 23802407 24250826 3608335 2844643 10374940 11351948 37785682 38447417 5000 5000 0 0 11889748 13651959 0 0 0 20274658 21137767 32169406 34794726 5616276 3652691 600889859 628109265 541732375 568272180 59157484 59837085 X LISTERHILL CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO IMPROVE THE QUALITY OF LIFE FOR THE MEMBERSHIP BY PROVIDING COST EFFECTIVE SERVICES TO MEET THEIR FINANCIAL NEEDS WHILE MAINTAINING FINANCIAL SOUNDNESS AND PROMOTING THE CREDIT UNION PHILOSOPHY. 0 0 78,819 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 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 25663 0 1 298 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 0 0 1 0 1 1 1 1 1 1 1 1 0 X CLAY MORGAN 2563146589 4790 2ND STREET MUSCLE SHOALS AL 35661 JAMES HOLIDAY DIRECTOR 1.00 X 0 0 0 W HILTON TIREY DIRECTOR 1.00 X 0 0 0 LARRY HESTER VICE CHAIRPERSON 1.00 X 0 0 0 OTIS DICKERSON SECRETARY/TREASURER 1.00 X 0 0 0 MARK MASSEY DIRECTOR 1.00 X 0 0 0 MARTHA NEESE CHAIRPERSON 1.00 X 0 0 0 FRANKLIN BROWN DIRECTOR 1.00 X 0 0 0 BOB LITTLE DIRECTOR 1.00 X 0 0 0 BRAD GREEN CEO/PRESIDENT 40.00 X 273683 0 48672 CLAY MORGAN VP OF FINANCE 40.00 X 139137 0 36801 DARYL MCMINN VP OF OPERATIONS 40.00 X 118757 0 33721 IVAN FIKE VP OF INFORMATION TECHNOLO 40.00 X 94610 0 24779 JOYCE BATES VP OF ADMINISTRATION 40.00 X 92506 0 20649 CAROLYN CONWAY VP OF COMPLIANCE 40.00 X 96509 0 21157 GAIL MARTIN EMPLOYEE 40.00 X 126471 0 25623 MARY HARPER EMPLOYEE 40.00 X 117148 0 24221 1058821 0 235623 5 0 1 0 FISERV 450 ROSE DRIVE FLORENCE AL 35630 CORE PROCESSOR 515059 AT&T PO BOX 13148 NEWARK NJ 071015648 TELEPHONE 467944 BIT LLC 710 SW 34TH ST RENTON WA 98057 STATEMENT PROCESSING 426977 PROFORMA PO BOX 640814 CINCINNATI OH 452640814 MARKETING 329147 EQUIFAX PO BOX 740241 ATLANTA GA 30374 CREDIT REPORTS 200758 17 LOAN INTEREST INCOME 522130 24250826 24250826 24250826 2962254 2962254 112968 112968 3349 1500 1849 1849 1849 716624 834235 -117611 -117611 -117611 CHECKING ACCOUNT FEES 522130 4345711 4345711 CREDIT CARD AND INTERCHANGE FEES 522130 3854785 3854785 ACCOUNT FEE & CHARGES INCOME 522130 2334061 2334061 702574 664862 37712 11237131 38447417 35450245 37712 2959460 5000 1000981 8902609 2983696 764673 3324 67846 214523 358108 879311 1564706 22660 599997 80084 15669 4746166 1015160 161481 DATA PROCESSING 3122947 PROVISION FOR LOAN LOSS 2925000 OTHER OPERATING EXPENSE 2114320 REAL ESTATE SERVICES 794294 2452171 34794726 14713567 13419378 35012372 22458660 168460 207666 0 482087 388959164 405860416 5195980 8902006 28511171 12202208 16288482 16308963 122198359 109109794 9266934 36137019 5356214 9086541 9867062 600889859 628109265 3125432 7575400 538606943 560696780 541732375 568272180 X 0 0 0 0 59157484 59837085 59157484 59837085 600889859 628109265 X 3652691 -3050951 77861 X X 0 0 0 2811797 2811797 16961831 4424571 12537260 319002 207798 111204 8418541 7569839 848702 16308963 MORTGAGE BACK ARMS AFS 36137019 C 36137019 MEMBER DEPOSITS 560583412 ESCROW SHARES 113368 560696780 X X 0 1 0 BRAD GREEN CEO/PRESIDENT 273683 0 0 0 0 0 32929 0 15743 0 322355 0 0 0 CLAY MORGAN VP OF FINANCE 139137 0 0 0 0 0 21058 0 15743 0 175938 0 0 0 DARYL MCMINN VP OF OPERATIONS 118757 0 0 0 0 0 17978 0 15743 0 152478 0 0 0 GAIL MARTIN EMPLOYEE 126471 0 0 0 0 0 19023 0 6600 0 152094 0 0 0 PART I, LINE 4B NO PAYMENTS WERE RECEIVED DURING THE YEAR AND THERE REMAINED A SUBSTANTIAL RISK OF FORFEITURE. THE FOLLOWING OFFICERS PARTICIPATED IN THE NONQUALIFIED RETIREMENT PLAN. BRAD GREEN CLAY MORGAN DARYL MCMINN BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 74188 74188 0 1 1 BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 74188 74188 0 1 1 BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 68036 68036 0 1 1 BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 68036 68036 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 26335 26335 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 26335 26335 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 24105 24105 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 24105 24105 0 1 1 CLAY MORGAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 43311 43311 0 1 1 CLAY MORGAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 53448 53448 0 1 1 482087 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, OR ATTEND SCHOOL IN COLBERT, CULLMAN, FAYETTE, FRANKLIN, LAMAR, LAUDERDALE, LAWRENCE, LIMESTONE, MARION, MORGAN, WALKER, OR WINSTON COUNTIES IN NORTH ALABAMA OR MAURY COUNTY IN TENNESSEE. A PERSON CAN ALSO BECOME A MEMBER IF THEY ARE RELATED TO A CURRENT MEMBER OR IF THEY WORK FOR A MEMBER COMPANY. 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 RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 10B WHILE THE CREDIT UNION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE BRANCHES, ALL BRANCHES ARE HELD ACCOUNTABLE TO THE SAME POLICIES AS THE MAIN BRANCH. 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 AND 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 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. INDEPENDENTLY PREPARED REGIONAL SALARY SURVEYS ARE AVAILABLE FOR USE BY THE BOARD IN THE COMPENSATION DETERMINATION 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: MERGER WITH FIRST COMMUNITY CREDIT UNION 97,697. PENSION ADJUSTMENT (OCI) -19,836. FORM 990, PART XII LINE 2 ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION'S SEPTEMBER 30TH FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. LISTERHILL CREDIT UNION SERVICES INC PO BOX 566 SHEFFIELD AL 35660 201572421 CREDIT UNION SERVICES AL N/A C -158 28805 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0