2012-08-06T11:50:00-05:00 2011-12-31 990 2011-01-01 580904765 DELTA COMMUNITY CREDIT UNION DELT 4047154725 1025 VIRGINIA AVENUE ATLANTA GA 30354 JAY GRATWICK 4047154725 2012-06-14 2011 2016-02-24 21:20:13Z DELTA COMMUNITY CREDIT UNION JAY GRATWICK 1025 VIRGINIA AVENUE ATLANTA GA 30354 191736032 false true X WWW.DELTACOMMUNITYCU.COM X 1940 GA HELP 240689 MEMBERS REACH A LEVEL OF FINANCIAL AWARENESS AND STABILITY THAT AFFORDS THEM THE PEACE OF MIND AND TIME TO ENJOY A RICHER LIFE. 10 9 647 15 0 0 178650524 180189004 8636244 11547028 0 187286768 191736032 230915 224282 0 45812920 48581203 0 0 127184263 178604943 173221465 227417061 14065303 -35681029 3880661334 4172710090 3457844956 3782567309 422816378 390142781 HELP FAMILIES REACH A LEVEL OF FINANCIAL AWARENESS AND STABILITY THAT AFFORDS THEM THE PEACE OF MIND TO ENJOY A RICHER LIFE. false false 522130 227417061 191736032 HELP 240689 MEMBERS REACH A LEVEL OF FINANCIAL AWARENESS AND STABILITY THAT AFFORDS THEM THE PEACE OF MIND AND TIME TO ENJOY A RICHER LIFE. 227417061 false false false false false false false false true true false true true true true true false false false false false false false false false true true true false false false false false false false false false false false false true true true false true 97103 0 true 647 true false false false false false false X 10 9 false false false false true true true true true false true true true true true true true true true true true true GA X JAY GRATWICK 4046774570 1025 VIRGINIA AVENUE ATLANTA GA 30354 ALLISON AUSBAND X 0 0 0 CHARLIE BOYAJIAN X 0 0 0 WALTER BRILL X 0 0 0 JIM DIFFLEY X 0 0 0 HANK HALTER X 0 0 0 ESTHER HAMMOND X 0 0 0 LINDA O'SHEA X 0 0 0 ROBIN STRICKLIN X 0 0 0 LEMUAL WIMBISH X 0 0 0 RICK FOLEY 40 X X 670512 0 181026 JAY GRATWICK 40 X 307813 0 54922 TODD MARKSBERRY 40 X 352136 0 75482 BILL MESPLAY 40 X 191827 0 14076 JASON OSTERHAGE 40 X 237655 0 42253 MATTHEW SHEPHERD 40 X 255598 0 69344 CAROL SUNDBERG 40 X 174793 0 0 TERRY ANDERSON 40 X 217903 0 14461 BOB MANNING 40 X 176965 0 20197 AMIE MIZE 40 X 166577 0 12769 MARY OLSON 40 X 159786 0 16405 JAN TRIPP 40 X 183288 0 16823 3094853 517758 32 false true false EAGLES LANDING APPRAISAL GROUP LLC PO BOX 2349 MCDONOUGH GA 30253 REAL ESTATE APPRAISALS 152255 COCHRAN EDWARDS LLC 2950 ATLANTA ROAD SMYRNA GA 30080 LEGAL 185810 KILPATRICK TOWNSEND STOCKTON LLP PO BOX 945614 ATLANTA GA 30394 LEGAL 174403 ORR APPRAISAL SERVICES 4560 EDGEMERE TRACE MARIETTA GA 30062 REAL ESTATE APPRAISALS 299025 STITES HARBISON PLLC 2800 SUNTRUST PLAZA 303 PEACHTREE ST NE ATLANTA GA 30308 LEGAL 661711 5 INCOME FROM LOANS 522291 143822863 143822863 OTHER OPERATING INCOME 522130 36366141 36366141 180189004 11547028 11547028 191736032 191736032 0 0 X 215915 215915 15000 15000 3094853 3094853 32224072 32224072 6906064 6906064 3521267 3521267 2834947 2834947 64990435 64990435 99029 99029 4898473 4898473 4605216 4605216 4453230 4453230 5118472 5118472 303453 303453 364768 364768 32118678 32118678 250980 250980 6196666 6196666 422645 422645 LOAN SERVICING & COLLECTION 14698069 14698069 PROVISION FOR LOAN LOSSES 19320000 19320000 FINANCIAL SERVICES OPERATIONS 8780218 8780218 SERVICE CONTRACTS 2753097 2753097 9231514 9231514 227417061 227417061 0 0 10994015 14094341 360000535 162742588 15793034 19454239 2406478659 2570786632 908104 1034087 155796077 33878354 123539880 121917723 925730467 1244643182 37216640 38037298 3880661334 4172710090 48201607 119185635 3409643349 3663381674 3457844956 3782567309 422816378 390142781 422816378 390142781 3880661334 4172710090 X -35681029 3007432 X true true true X false false 27351825 27351825 27351825 92959242 92959242 10982575 81976667 6234499 6234499 3406349 2828150 17331754 17331754 14294126 3037627 11826072 11826072 5195304 6723454 121917723 AGENCY & TREASURY BONDS 1208081345 C CORPORATE CREDIT UNION CAPITAL 8409005 C CERTIFICATES OF DEPOSIT 20000000 C CUSO 8152832 C 1244643182 NCUA SHARE INSURANCE DEPOSIT 33429769 MISCELLANEOUS 127709 OTHER REAL ESTATE OWNED 1520005 MORTGAGE SERVICING RIGHTS 959814 LOAN TO CUSO 2000000 38037297 MEMBER SHARES 3663381674 3663381674 191736032 227417061 -35681029 -35681029 191736032 191736032 191736032 227417061 227417061 227417061 PART X THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL INCOME TAXES. HOWEVER AS FURTHER DISCUSSED IN NOTE 9 THE CREDIT UNION MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT) IN GEORGIA IF ANY. THERE WAS NO UBIT FOR THE YEARS ENDED DECEMBER 31 2011 AND 2010. MANAGEMENT EVALUATED THE CREDIT UNION'S TAX POSITIONS AND CONCLUDED THAT THE CREDIT UNION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE CREDIT UNION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF GEORGIA. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN THE FUTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AT ISSUE FOR MANY YEARS. THE IRS AND CERTAIN STATE TAXING AUTHORITIES ARE CURRENTLY REVISITING WHAT IF ANY PRODUCTS AND SERVICES PROVIDED BY THE CREDIT UNION ARE SUBJECT TO UBIT. THERE IS CURRENTLY VERY LITTLE GUIDANCE IN THE IRS CODE ON WHAT ACTIVITIES SHOULD BE SUBJECT TO UBIT. THE IRS HAS INDICATED THAT THEY ARE STUDYING THE ISSUE AND MAY ISSUE ADDITIONAL GUIDANCE. AS A RESULT AT THIS TIME THERE IS UNCERTAINTY REGARDING WHETHER THE CREDIT UNION SHOULD PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT MAY BE CONSIDERED BY TAXING AUTHORITIES AS UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. IN THE OPINION OF MANAGEMENT ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. true X CHILDREN'S MIRACLE NETWORK 1525 S 2300 SALT LAKE CITY UT 84117 501(C)(3) 83763 GENERAL SUPPORT THE DELTA EMPLOYEES CARE FUND 1525 WEST WT HARRIS BLVD CHARLOTTE NC 28288 501(C)(3) 25000 GENERAL SUPPORT COLLINS HILL HS DUGOUT CLUB 50 TAYLOR ROAD SUWANEE GA 30024 501(C)(3) 23435 GENERAL SUPPORT COLLINS HILL HS TOUCHDOWN CLUB PO BOX 490233 LAWRENCEVILLE GA 30049 501(C)(3) 37000 GENERAL SUPPORT WALTON FACILITIES FOUNDATION 1590 BILL MURDOCK ROAD MARIETTA GA 30062 501(C)(3) 12016 GENERAL SUPPORT NORTH GWINNETT HS TOUCHDOWN CLUB PO BOX 282 SUWANEE GA 30024 501(C)(3) 40000 GENERAL SUPPORT MILL CREEK HS DUGOUT CLUB 4400 BRASELTON HWY HOSCHTON GA 30548 501(C)(3) 7116 GENERAL SUPPORT MARIETTA HS TOUCHDOWN CLUB 1171 WHITLOCK AVENUE MARIETTA GA 30064 501(C)(3) 8557 GENERAL SUPPORT 8 8 X X X false true false RICK FOLEY 423512 247000 181026 851538 JAY GRATWICK 213533 94280 45014 9908 362735 TODD MARKSBERRY 244586 107550 65574 9908 427618 BILL MESPLAY 154447 37380 10765 3311 205903 JASON OSTERHAGE 175715 61940 32345 9908 279908 MATTHEW SHEPHERD 190298 65300 59436 9908 324942 JAN TRIPP 146838 36450 10668 6155 200111 TERRY ANDERSON 61929 155974 4553 9908 232364 MARY OLSON 124586 35200 9160 7245 176191 AMIE MIZE 128517 38060 2484 10285 179346 CAROL SUNDBERG 138793 36000 174793 BOB MANNING 169965 7000 10289 9908 197162 990 PART VI SEC. A Q6 - THE CREDIT UNION HAS MEMBEROWNERS THAT UTILIZE THE THRIFT SAVINGS AND LENDING ACTIVITIES. 990 PART VI SEC. A Q7A - EACH MEMBER OF THE CREDIT UNION HAS ONE VOTE AND CAN PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS (BOD) ANNUALLY. 990 PART VI SEC. A Q7B - AT ANY MEETING THE MEMBERS (BY ONE MEMBER ONE VOTE) MAY DECIDE ON ANY MATTER OF INTEREST TO THE CREDIT UNION AND MAY OVERRULE THE BOD PROVIDED THE NOTICE OF THE MEETING SPECIFIES THE QUESTION TO BE CONSIDERED. 990 PART VI SEC. B Q12C - ANNUALLY INTERNAL AUDIT PERFORMS AN AUDIT AND UPDATES AND MONITORS ALL CONFLICTS OF INTEREST THAT EXIST WITHIN THE CREDIT UNION. 990 PART VI SEC. B Q15 - THE ORGANIZATION'S TOP OFFICIALS OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE (CONSISTING OF DIRECTORS) USING INDUSTRY COMPENSATION SURVEYS. 990 PART VI SEC. C Q18 - THE CREDIT UNION WILL PROVIDE COPIES OF ITS THREE MOST RECENT FORM 990S TO ANYONE WHO REQUESTS THEM IN PERSON BY MAIL FAX OR EMAIL. PDF COPIES CAN BE FOUND ONLINE AT GUIDESTAR.ORG. 990 PART VI SEC. C Q19 - THE CREDIT UNION DOES NOT MAKE PUBLICLY AVAILABLE THE GOVERNING DOCUMENTS NOR THE CONFLICT OF INTEREST POLICY. OUR AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON OUR COMPANY WEBSITE. 990 PART VI SEC. A Q11B - THE CREDIT UNION PROVIDES COPIES TO EACH BOARD OF DIRECTOR UPON REQUEST. ADDITIONALLY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM IN DETAIL. THE FORM IS PREPARED AND REVIEWED INTERNALLY BY LICENSED CPAS FOR COMPLETENESS. 990 PART XI Q5 - THE CREDIT UNION HAD CHANGES IN THE UNREALIZED GAINS AND LOSSES ON INVESTMENTS THAT ARE REFLECTED ON THE BALANCE SHEET. THESE GAINSLOSSES ARE REPRESENTED ON THE BALANCE SHEET AS A COMPONENT OF OTHER COMPREHENSIVE INCOME. THIS CHANGE IS REFLECTED ON THE 990 RECONCILIATION OF NET ASSETS AS AN OTHER CHANGE IN NET ASSETS. 990 SCHEDULE R PART V SEC. 2 (1) - THE ACTIVITIES OF THE RELATED ORGANIZATION ARE RELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IF CONDUCTED DIRECTLY BY THE CREDIT UNION. THIS INSURANCE SALES ACTIVITY IS IN FURTHERANCE OF THE CREDIT UNION'S EXEMPT PURPOSE. HENCE THE INCOME WOULD NOT BE SUBJECT TO UBIT IF CONDUCTED DIRECTLY BY THE CREDIT UNION AND THEREFORE THE RENTAL INCOME FROM THE RELATED ORGANIZATION WOULD ALSO NOT BE SUBJECT TO UBIT. true false false false false false false true false false false true true false false false false MEMBER'S INSURANCE ADVISORS LLC A 139532 MARKET RATES MEMBER'S INSURANCE ADVISORS LLC M 100944 COST ALLOCATION MEMBER'S INSURANCE ADVISORS LLC N 145472 ACTUAL SALARY MEMBER'S INSURANCE ADVISORS LLC 315 HWY 74 N PEACHTREE CITY GA 30269 261084051 INSURANCE SALES GA false 1548282 false false