ASSOCIATED CREDIT UNION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- ASSOCIATED CREDIT UNION (EIN 58-0240950)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-12
- IRS object ID
- 201223179349301202
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-12T09:53:58-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580692043 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mauldin & Jenkins LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 Galleria Parkway SE Suite 1700 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 303395946 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580240950 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Associated Credit Union | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ASSO | NameControl |
| Phone | 7704488200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Timothy G Bridges | Name |
| Title | Executive Vice President & CFO | Title |
| Phone | 7704488200 | Phone |
| Date Signed | 2012-11-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kenneth W Henry | Name |
| PTIN | P00005958 | PTIN |
| Phone | 7709558600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Timothy G Bridges | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 54924941 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.acuonline.org | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | Credit Union | TypeOfOrgOtherDescription |
| Year Formation | 1930 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | State-Chartered Credit Union that offers members financial products that fulfill their needs, services that exceed their expectations, and relationships that inspire their trust. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 336 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 610375 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -26516 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 49405373 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 47812977 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7598789 | InvestmentIncomePriorYear |
| Investment Income Current Year | 7111964 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 57004162 | TotalRevenuePriorYear |
| Total Revenue Current Year | 54924941 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 17928349 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 18318048 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 35262774 | OtherExpensePriorYear |
| Other Expenses Current Year | 32064139 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 53191123 | TotalExpensesPriorYear |
| Total Expenses Current Year | 50382187 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3813039 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4542754 | RevenuesLessExpensesCY |
| Total Assets BOY | 1134232842 | TotalAssetsBOY |
| Total Assets EOY | 1211590222 | TotalAssetsEOY |
| Total Liabilities BOY | 1004949446 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1077764072 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 129283396 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 133826150 | NetAssetsOrFundBalancesEOY |
| Mission Description | Associated Credit Union offers members financial products that fulfill their needs, service that exceeds their expectations, and relationships that inspire their trust. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 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. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 35723 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 336 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Beth R Tynan | NamePerson |
| Telephone Number | 7703682117 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 300923107 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| James C Barbre | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Paul Enders | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Chuck Gehrmann | ||||||||
| Director | 1.00 | X | 5500 | 0 | 0 | |||
| Harvey Campbell | ||||||||
| Director | 1.00 | X | 4000 | 0 | 0 | |||
| Keith Gettmann | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Don Hemenway | ||||||||
| Director | 1.00 | X | 5500 | 0 | 0 | |||
| Tim F Kercheval | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Margaret Pittman | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Morris Macey | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Doyle Spears | ||||||||
| Director | 1.00 | X | 5000 | 0 | 0 | |||
| Albert W Smith | ||||||||
| Director | 1.00 | X | 3000 | 0 | 0 | |||
| John Petros | ||||||||
| Chairman | 1.00 | X | 5500 | 0 | 0 | |||
| Ron Ford | ||||||||
| Vice Chairman | 1.00 | X | 5500 | 0 | 0 | |||
| Allen Bryan | ||||||||
| Secretary | 1.00 | X | 6000 | 0 | 0 | |||
| C Lin Hodges | ||||||||
| President CEO | 40.00 | X | 542431 | 0 | 41201 | X | ||
| George M Clarke | ||||||||
| Director | 1.00 | X | 6000 | 0 | 0 | |||
| Tim Bridges | ||||||||
| Executive VP/CFO | 40.00 | 231780 | 0 | 23109 | X | |||
| T Greg Connor | ||||||||
| Executive VP | 40.00 | 339658 | 0 | 57438 | X | |||
| Glenn C Miller | ||||||||
| Senior VP | 40.00 | 641497 | 0 | 11387 | X | |||
| Deborah S Tuttle | ||||||||
| VP/Operations | 40.00 | 164901 | 0 | 55843 | X | |||
| Mark Waller | ||||||||
| Senior VP | 40.00 | 160970 | 0 | 21487 | X | |||
| Exceptral L Harden | ||||||||
| VP/Mortgage Loans | 40.00 | 138039 | 0 | 11296 | X | |||
| Karl Mann | ||||||||
| VP/Information Technology | 40.00 | 154859 | 0 | 11578 | X | |||
| Pamela M Mott | ||||||||
| VP/Training | 40.00 | 147506 | 0 | 51732 | X | |||
| William D Baum | ||||||||
| VP/Loans | 40.00 | 135913 | 0 | 47065 | X | |||
| Betsy C Lynn | ||||||||
| VP/Accounting | 40.00 | 139439 | 0 | 5006 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2872993 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 337142 | TotalOtherCompensation |
| Number Individuals GT100 K | 12 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| National Credit Union Administration | |||||
| PO Box 979069 | St Louis | MO | 63197 | Regulatory Assessment | 2915830 |
| Sutherlin Nissan | |||||
| 1855 Luke King Pkwy | Buford | GA | 30519 | Indirect Lending | 2791971 |
| Rick Case Cars Inc | |||||
| 3190 Satellite Blvd | Duluth | GA | 30096 | Indirect Lending | 2655350 |
| Blue Cross Blue Shield of GA | |||||
| 3350 Peachtree Rd NE | Atlanta | GA | 30326 | Employee Insurance | 2347799 |
| Gwinnett Place Nissan | |||||
| 2555 Pleasant Hill Rd | Duluth | GA | 30096 | Indirect Lending | 2240182 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 81 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Interest on Loans | 522100 | 24833120 | 24833120 | |
| Fee Income | 522100 | 18510848 | 17900473 | 610375 |
| Other Operating Income | 522100 | 4469009 | 4469009 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 47812977 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7110656 | TotalRevenueColumn |
| Exclusion | $7,110,656 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1308 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1308 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1308 | TotalRevenueColumn |
| Exclusion | $1,308 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 54924941 | TotalRevenueColumn |
| Related Or Exempt Function Income | 47202602 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 610375 | UnrelatedBusinessRevenue |
| Exclusion | $7,111,964 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2367703 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10659230 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 752666 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3569927 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 968522 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113538 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60600 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1281570 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1135310 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4031050 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 541653 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1205331 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 190337 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 227938 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8665067 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1143741 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2735693 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Provision for Loan Loss | 3667864 |
| Loan Servicing Expense | 3082449 |
| ATM Expenses | 2410530 |
| ATM,Credit Cd, etc Loss | 787526 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 783942 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50382187 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10747664 | BOY |
| EOY | 10224810 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75894774 | BOY |
| EOY | 130172805 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 505000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 434413208 | BOY |
| EOY | 449033857 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 26216743 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14307403 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11472409 | BOY |
| EOY | 11909340 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 568463419 | BOY |
| EOY | 560319064 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12535413 | BOY |
| EOY | 10823370 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20705955 | BOY |
| EOY | 38601976 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1134232842 | BOY |
| EOY | 1211590222 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12686445 | BOY |
| EOY | 19838751 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 992263001 | BOY |
| EOY | 1057925321 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1004949446 | BOY |
| EOY | 1077764072 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129283396 | BOY |
| EOY | 133826150 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 129283396 | BOY |
| EOY | 133826150 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1134232842 | BOY |
| EOY | 1211590222 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4542754 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2906604 | OtherCostOrOtherBasis |
| Book Value | 2906604 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11797596 | OtherCostOrOtherBasis |
| Depreciation | 5130940 | Depreciation |
| Book Value | 6666656 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5119075 | OtherCostOrOtherBasis |
| Depreciation | 4529041 | Depreciation |
| Book Value | 590034 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6393468 | OtherCostOrOtherBasis |
| Depreciation | 4647422 | Depreciation |
| Book Value | 1746046 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11909340 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Held to Maturity Securities | 480136799 | F |
| Membership Capital at Corporate Credit Unions | 750000 | C |
| Other Investments at Corporate Credit Unions | 75000000 | C |
| Other Investments | 4432265 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 560319064 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Member Shares and Deposits | Description |
| Amount | $1,057,925,321 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1057925321 | TotalOfAmounts |
| Total Revenue | 54924941 | TotalRevenue |
| Total Expenses | 50382187 | TotalExpenses |
| Excess Or Deficit For Year | 4542754 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 4542754 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 54924941 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 54924941 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 54924941 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 50382187 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 50382187 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 50382187 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of Uncertain Tax Positions Under FIN 48: | Identifier |
| Return Reference | Part X: | ReturnReference |
| Explanation | The organization has no uncertain tax liabilities on its audited financial statments under FIN 48(ASC 740-10). | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C Lin Hodges | |||||||||||||
| 432431 | 0 | 110000 | 0 | 0 | 0 | 38000 | 0 | 3201 | 0 | 583632 | 0 | 0 | 0 |
| Tim Bridges | |||||||||||||
| 191780 | 0 | 40000 | 0 | 0 | 0 | 20509 | 0 | 2600 | 0 | 254889 | 0 | 0 | 0 |
| T Greg Connor | |||||||||||||
| 297158 | 0 | 42500 | 0 | 0 | 0 | 54838 | 0 | 2600 | 0 | 397096 | 0 | 0 | 0 |
| Glenn C Miller | |||||||||||||
| 153948 | 0 | 16811 | 0 | 470738 | 0 | 9929 | 0 | 1458 | 0 | 652884 | 0 | 0 | 0 |
| Deborah S Tuttle | |||||||||||||
| 147345 | 0 | 17556 | 0 | 0 | 0 | 54023 | 0 | 1820 | 0 | 220744 | 0 | 0 | 0 |
| Mark Waller | |||||||||||||
| 140274 | 0 | 20696 | 0 | 0 | 0 | 18639 | 0 | 2848 | 0 | 182457 | 0 | 0 | 0 |
| Karl Mann | |||||||||||||
| 137341 | 0 | 17518 | 0 | 0 | 0 | 8978 | 0 | 2600 | 0 | 166437 | 0 | 0 | 0 |
| Pamela M Mott | |||||||||||||
| 134144 | 0 | 13362 | 0 | 0 | 0 | 49710 | 0 | 2022 | 0 | 199238 | 0 | 0 | 0 |
| William D Baum | |||||||||||||
| 124750 | 0 | 11163 | 0 | 0 | 0 | 45245 | 0 | 1820 | 0 | 182978 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Lines 4a-b | ReturnReference |
| Explanation | Contributions to a Non-Qualified Deferred Compensation Plan: Lin Hodges 16,000 Tim Bridges 7,800 Greg Connor 35,910 Mark Waller 9,010 William Baum 35,910 Karl Mann 6,480 Pamela Mott 41,040 Deborah Tuttle 44,460 Actuarial Increase in Non-Qualified Deferred Compensation Plan: Lin Hodges 91,914 Tim Bridges 7,511 Greg Connor 42,321 Mark Waller 10,322 William Baum 53,841 Karl Mann 20.990 Pamela Mott 56,393 Deborah Tuttle 58,032 Glenn C. Miller received a Section 457 retirement plan distribution of $470,738. Betsy C. Lynn received severance and paid time off of $77,811 and is separated from the organization effective May 2011. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (4 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| Lin Hodges | ||||||
| Split Dollar Life Insurance | X | $225,000 | 225000 | 0 | 1 | 1 |
| Tim Bridges | ||||||
| Split Dollar Life Insurance | X | $100,000 | 100000 | 0 | 1 | 1 |
| Mark Waller | ||||||
| Split Dollar Life Insurance | X | $100,000 | 100000 | 0 | 1 | 1 |
| Karl Mann | ||||||
| Split Dollar Life Insurance | X | $80,000 | 80000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 505000 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | Associated Credit Union is a state-chartered credit union with 152,349 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. |
| Form 990 Part XII, Line 2c | The process for selection of auditors and review of financial statements has not changed from the prior year. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Associated Credit Union Foundation Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6251 Crooked Creek Road | AddressLine1 |
| City | Norcross | City |
| State | GA | State |
| ZIP Code | 30092 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262834337 | EIN |
| Primary Activities | Charitable Giving | PrimaryActivities |
| Legal Domicile State | GA | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | Line 7 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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