2013-05-15T10:29:06-05:00 2012-12-31 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR SUITE 100 BIRMINGHAM AL 35223 990 2012-01-01 630362347 TUSCALOOSA CREDIT UNION TUSC 2053456043 PO BOX 1518 TUSCALOOSA AL 354031518 TOMMY COBB 2053456043 2013-05-09 1 W GLENN BRIDGES P00519867 2053235440 2013-05-09 2012 2016-02-25 16:41:14Z TOMMY COBB PO BOX 1518 TUSCALOOSA AL 354031518 3289624 0 1422 X WWW.TUSCALOOSACU.ORG X STATE CHARTERED COOPERATIVE CREDIT UNION 1951 AL COOPERATIVE CREDIT UNION 5 5 23 8 11192 -669 0 0 3282958 3289624 0 0 0 0 3282958 3289624 0 0 0 0 843792 969282 0 0 0 2094418 1974214 2938210 2943496 344748 346128 53501827 59707702 48340625 54471643 5161202 5236059 COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. 0 0 2943496 CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. TUSCALOOSA CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS WHO ARE PRIMARILY RESIDENTS OF TUSCALOOSA COUNTY, ALABAMA. THE CREDIT UNION'S FIELD OF MEMBERSHIP IS ALSO OPEN TO ANYONE WORKING OR PERFORMING BUSINESS IN TUSCALOOSA COUNTY. AT DECEMBER 31, 2012, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 6,300 MEMBERS. 2943496 0 0 0 0 0 0 0 0 0 1 0 1 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 1237 0 1 23 0 1 1 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 X TOMMY COBB 2053456043 1100 21ST AVENUE TUSCALOOSA AL 35401 HAROLD TERRY 0.00 X 0 0 0 JOE BROWN 0.00 X 0 0 0 DOUG OVERTON 0.00 X 0 0 0 JANICE WRIGHT 0.00 X 0 0 0 NATHANIEL HOWARD 0.00 X 0 0 0 WILLIE FORT 0.00 X 0 0 0 DON PRESLEY 0.00 X 0 0 0 WAYNE JUNKIN 0.00 X 0 0 0 TOM COBB 40.00 X 94004 0 5349 94004 0 5349 0 0 0 0 EPL 22 INVERNESS CENTER PKWY SUITE 400 BIRMINGHAM AL 35242 CORE PROCESSOR 185373 LEAGUE OF SOUTHEASTERN CREDIT UNIONS 221 INVERNESS CENTER PKWY SUITE 200 BIRMINGHAM AL 35242 DEBIT CARD REWARDS, AUDITS, COMPLIANCE, 140383 JMFA 125 N BURNET DR BAYTOWN TX 77520 CPY PROGRAM 119662 3 INTEREST INCOME FROM M 522100 2179818 2179818 FINANCIAL SERVICE FEES 522100 1076686 1065494 11192 INVESTMENT INTEREST IN 522100 33120 33120 3289624 3289624 3278432 11192 0 94004 543695 140674 190909 94214 34700 119522 29710 58545 36952 MEMBER SHARES DIVIDENDS 675495 COST OF FINANCIAL SERVI 494956 PROVISION FOR LOAN LOSS 150000 OVERDRAFT DEPOSIT EXPEN 99035 181085 2943496 1035686 768319 39975337 41082385 37114 30411 2375474 551931 1910723 1823543 9947380 15346737 595587 656307 53501827 59707702 336726 731656 48003899 53739987 48340625 54471643 X 0 0 0 0 5161202 5236059 5161202 5236059 53501827 59707702 X 346128 200 -271471 X X 0 0 0 1017000 1017000 1055142 351499 703643 303332 200432 102900 1823543 CORPORATE CREDIT UNION DEPOSITS 10843182 C FEDERAL HOME LOAN BANK STOCK 81707 C CERTIFICATES OF DEPOSIT IN FINANCIAL INSTITUTIONS 3981782 C FEDERAL AGENCIES SECURITIES 440066 F 15346737 MEMBER SHARES AND SHARE CERTIFICATES 53739987 53739987 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES HANCOCK MANAGEMENT GROUP, AN ALABAMA BASED PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PROCESS PAYROLL, ADMINISTER BENEFITS AND PERFORM OTHER PEO FUNCTIONS. FORM 990, PART VI, SECTION A, LINE 6 ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE. ORGANIZATIONS, INCORPORATED OR OTHERWISE, COMPOSED FOR THE MOST PART OF THE SAME GENERAL GROUP AS THE CREDIT UNION MEMBERSHIP MAY BE MEMBERS. CREDIT UNION ORGANIZATION SHALL BE LIMITED TO GROUPS, OF BOTH LARGE AND SMALL MEMBERSHIP, HAVING A COMMON BOND OF OCCUPATION OR ASSOCIATION OR TO GROUPS WITHIN A WELL- DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE MEMBERSHIP OF TUSCALOOSA CREDIT UNION AS OF DECEMBER 31, 2012, WAS OPEN TO ANYONE THAT RESIDES, WORKS OR PERFORMS BUSINESS IN TUSCALOOSA COUNTY, ALABAMA, AND CONSISTED OF APPROXIMATELY 6,300 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE CREDIT UNION'S MEMBERSHIP AT THE ANNUAL MEETING. THE CREDIT UNION'S BYLAWS GOVERN THE ELECTION PROCEDURES. THE TERMS OF THE BOARD OF DIRECTORS, AS SET BY THE BYLAWS, ARE 3 YEARS AND ARE STAGGERED SO THAT AN EQUAL NUMBER EXPIRE AT EACH ANNUAL MEETING. PRIOR TO THE ANNUAL MEETING, THE BOARD CHAIRMAN APPOINTS A NOMINATING COMMITTEE TO NOMINATE A CANDIDATE FOR EACH VACANCY. NOMINATIONS CAN ALSO BE TAKEN THROUGH ABSENTEE BALLOTS OR CALLED FOR FROM THE FLOOR AT THE ANNUAL MEETING. ELECTION BY THE MEMBERSHIP IS PERFORMED THROUGH WRITTEN BALLOTS, UNLESS THERE IS ONLY ONE NOMINEE. ALL ELECTIONS ARE DETERMINED BY A PLURALITY VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: MERGER AND DISSOLUTION DECISIONS, ELECTION AND TERMINATION OF BOARD MEMBERS, ELECTION AND TERMINATION OF SUPERVISORY COMMITTEE MEMBERS, AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS CAN BE FOUND ON THE WEBSITE OF THE NCUA AT NCUA.GOV. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME FOR DEFINED BENEFIT PENSION PLAN -271,471. FORM 990, PART XII, LINE 2B: ON AN ANNUAL BASIS, THE ALABAMA CREDIT UNION ADMINISTRATION AND/OR THE NATIONAL CREDIT UNION ADMINISTRATION PERFORM A REGULATORY EXAMINATION OF THE FINANCIAL STATEMENTS AND SAFETY AND SOUNDNESS OF THE CREDIT UNION. ADDITIONALLY, THE CREDIT UNION'S FINANCIAL STATEMENTS ARE SUBJECT TO A SUPERVISORY COMMITTEE AUDIT PERFORMED BY AN INDEPENDENT THIRD PARTY AS OF MARCH 31 EACH YEAR. FORM 990, PART XII, LINE 2C: THE CREDIT UNION HAS A SUPERVISORY COMMITTEE THAT IS RESPONSIBLE FOR ENSURING THAT THE BOARD OF DIRECTORS AND MANAGEMENT OF THE CREDIT UNION - (1)MEET REQUIRED FINANCIAL REPORTING OBJECTIVES AND (2) ESTABLISH PRACTICES AND PROCEDURES SUFFICIENT TO SAFEGUARD MEMBERS' ASSETS. THIS INCLUDES OVERSEEING THE ANNUAL FINANCIAL STATEMENT AUDIT/AGREED UPON PROCEDURES AND THE SELECTION OF THE INDEPENDENT AUDITOR/ACCOUNTANT.