2013-11-08T08:37:53-06:00 2012-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Pkwy SE Ste 1700 Atlanta GA 303395946 990 2012-01-01 580240950 Associated Credit Union ASSO 7704488200 6251 Crooked Creek Road Norcross GA 300923107 Timothy G Bridges 7704488200 2013-11-07 1 Mary Jo Alexander P00002534 7709558600 2013-11-07 2012 2016-02-24 21:20:13Z C Lin Hodges 6251 Crooked Creek Road Norcross GA 300923107 57560584 0 X www.acuonline.org X Credit Union 1930 GA State-Chartered Credit Union that offers members financial products that fulfill their needs, services that exceed their expectations, and relationships that inspire their trust. 13 12 352 17 538268 -125076 0 0 47812977 51047624 7111964 6504506 0 0 54924941 57552130 0 0 0 0 18318048 19467565 0 0 0 32064139 30672220 50382187 50139785 4542754 7412345 1211590222 1275874711 1077764072 1134581431 133826150 141293280 Associated Credit Union offers members financial products that fulfill their needs, service that exceeds their expectations, and relationships that inspire their trust. 0 0 Associated Credit Union is a full-service financial institution offering a wide variety of products and services to over 150,000 members in the state of Georgia. 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 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 37708 0 1 352 1 1 1 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X Beth R Tynan 7703682117 6251 Crooked Creek Road Norcross GA 300923107 James C Barbre 1.00 X 6750 0 0 Paul Enders 1.00 X 1000 0 0 Chuck Gehrmann 1.00 X 6750 0 0 Harvey Campbell 1.00 X 5250 0 0 Keith Gettmann 1.00 X 6250 0 0 Don Hemenway 1.00 X 1000 0 0 Tim F Kercheval 1.00 X 6750 0 0 Margaret Pittman 1.00 X 6750 0 0 Doyle Spears 1.00 X 6250 0 0 Albert W Smith 1.00 X 6750 0 0 John Petros 1.00 X 5750 0 0 Ron Ford 1.00 X 6750 0 0 Allen Bryan 1.00 X 6250 0 0 C Lin Hodges 40.00 X X 649850 0 38195 George M Clarke 1.00 X 6750 0 0 Tim Bridges 40.00 X 282495 0 30417 T Greg Connor 40.00 X 347262 0 74033 Glenn C Miller 40.00 X 192477 0 17100 Karl Mann 40.00 X 198505 0 22877 Deborah S Tuttle 40.00 X 198725 0 72647 Mark Waller 40.00 X 230336 0 28576 William D Baum 40.00 X 159114 0 59484 Pamela M Mott 40.00 X 162717 0 75791 Jeffrey Bergum 40.00 X 136270 0 25603 Jim LaFond 40.00 X 128192 0 31787 Beth Tynan 40.00 X 122491 0 13077 Karen Pennington 40.00 X 117497 0 25779 Betsy Lynn 0.00 X 507765 0 4895 Exceptral Harden 0.00 X 427767 0 2135 3940463 0 522396 17 1 1 0 National Credit Union Administration PO Box 979069 St Louis MO 63197 Regulatory Assessment 1584697 CONSULTANTS & BUILDERS INC 3100 Medlock Bridge Road Suite 420 Norcross GA 30071 Design & Construction-Banking 803760 JACK HENRY & ASSOCIATES INC 11395 Old Roswell Road Alpharetta GA 30009 Bank Automation Solutions 514842 Mass Mutual Financial Group 100 Ashford Center North Atlanta GA 30338 Insurance Products 360000 THOMPSON O'BRIEN KEMP & NASUTI PC 40 Technology Parkway Norcross GA 30092 Legal Services 321156 25 Interest on Loans 522100 26143353 26143353 Fee Income 522100 19438174 18899906 538268 Other Operating Income 522100 5466097 5466097 51047624 6509696 6509696 3264 6479 1975 -6479 1289 -5190 -5190 57552130 50509356 538268 6504506 2509963 11342296 646510 3887692 1081104 90248 60000 1732801 1338148 4612712 543188 1139364 215641 268967 6577698 1302215 1283267 Provision for Loan Loss 4015362 Loan Servicing Expense 3481666 ATM Expenses 2515400 ATM,Credit Cd, etc Loss 796867 698676 50139785 10224810 9795829 130172805 141435376 505000 1010000 449033857 565465215 26413893 14502538 11909340 11911355 560319064 513131940 10823370 8443818 38601976 24681178 1211590222 1275874711 19838751 17934949 1057925321 1116646482 1077764072 1134581431 X 0 0 0 0 133826150 141293280 133826150 141293280 1211590222 1275874711 X 7412345 54785 X X 0 1 X 1 0 2991604 2991604 12148659 5521773 6626886 4198455 3617704 580751 7075175 5363061 1712114 11911355 Held to Maturity Securities 507752582 F Other Investments 5379358 F 513131940 Member Shares and Deposits 1116646482 1116646482 X 57560584 8454 8454 57552130 0 57552130 50148239 8454 8454 50139785 0 50139785 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The organization has no uncertain tax liabilities on its audited financial statments under FIN 48(ASC 740-10). Part XI, Line 2d - Other Adjustments: Reclass from expenses 8,454. Part XII, Line 2d - Other Adjustments: Reclass to Revenue 8,454. X X X 1 1 X X X 1 1 0 C Lin Hodges 549850 0 100000 0 0 0 17091 0 21104 0 688045 0 0 0 Tim Bridges 242495 0 40000 0 0 0 13664 0 16753 0 312912 0 0 0 T Greg Connor 307262 0 40000 0 0 0 57800 0 16233 0 421295 0 0 0 Glenn C Miller 171680 0 20797 0 0 0 9920 0 7180 0 209577 0 0 0 Karl Mann 175696 0 22809 0 0 0 2894 0 19983 0 221382 0 0 0 Deborah S Tuttle 175963 0 22762 0 0 0 59928 0 12719 0 271372 0 0 0 Mark Waller 195867 0 34469 0 0 0 10818 0 17758 0 258912 0 0 0 William D Baum 143084 0 16030 0 0 0 48920 0 10564 0 218598 0 0 0 Pamela M Mott 146338 0 16379 0 0 0 55338 0 20453 0 238508 0 0 0 Jeffrey Bergum 120738 0 15532 0 0 0 7336 0 18267 0 161873 0 0 0 Jim LaFond 113426 0 14766 0 0 0 15083 0 16704 0 159979 0 0 0 Betsy Lynn 0 0 0 0 507765 0 0 0 4895 0 512660 0 0 0 Exceptral Harden 0 0 0 0 427767 0 0 0 2135 0 429902 0 0 0 Part I, Lines 4a-b Contributions to a Non-Qualified Deferred Compensation Plan: Greg Connor 40,200 Deborah S. Tuttle 49,800 Pamela M. Mott 46,200 William Baum 40,200 Jim LaFond 8,400 Actuarial Increase in Non-Qualified Deferred Compensation Plan: C. Lin Hodges $67,393 T. Greg Connor 58,103 Tim Bridges 11,826 Mark Waller 13,047 Deborah S. Tuttle 50,544 Karl Mann 21,389 Pamela M. Mott 45,997 William D. Baum 65,086 Jim LaFond 10,961 Severance Compensation Betsy Lynn 68,558 Exceptral Harden 41,123 Payments from a Section 457F Retirement Plan Betsy Lynn 434,208 Exceptral Harden 386,643 C Lin Hodges President CEO Split Dollar Life Insurance X 450000 450000 0 1 1 Tim Bridges Executive VP/CFO Split Dollar Life Insurance X 200000 200000 0 1 1 Mark Waller Executive VP/CFO Split Dollar Life Insurance X 200000 200000 0 1 1 Karl Mann VP/Information Technology Split Dollar Life Insurance X 160000 160000 0 1 1 1010000 Form 990, Part VI, Section A, line 6 Associated Credit Union is a state-chartered credit union with 156,327 voting members. Form 990, Part VI, Section A, line 7a Associated Credit Union has members who elect one or more members of the governing body. Form 990, Part VI, Section B, line 11 The Board will receive a pdf of Form 990. This will give them time to review and comment on the return. Recommended changes will be incorporated into the return. Form 990, Part VI, Section B, line 12c On an annual basis directors and key employees are required to sign an oath and fill out an application for the Georgia Department of Banking declaring no conflict of interest with Associated Credit Union. Also, through external third party audits and examinations by the Department of Banking and Finance of Georgia and the National Credit Union Administration. Form 990, Part VI, Section B, line 15 The Chairman of the Board or the Personnel Chairman approve the President/CEO compensation and benefits. The CEO approves top management compensation. Data is used from CUES Executive Review and CUNA. Form 990, Part VI, Section C, line 19 The organization's annual tax returns are available upon request. Financial Statements are posted in the lobby of the main office and branches for review. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Change in Entrance Fees 54,785. Form 990 Part XII, Line 2c The process for selection of auditors and review of financial statements has not changed from the prior year. The Associated Credit Union Foundation Inc 6251 Crooked Creek Road Norcross GA 30092 262834337 Charitable Giving GA 501(c)(3) Line 7 Associated Credit Union Inc 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0