2012-11-12T09:53:58-06:00 2011-12-31 580692043 Mauldin & Jenkins LLC 200 Galleria Parkway SE Suite 1700 Atlanta GA 303395946 990 2011-01-01 580240950 Associated Credit Union ASSO 7704488200 6251 Crooked Creek Road Norcross GA 300923107 Timothy G Bridges 7704488200 2012-11-09 1 Kenneth W Henry P00005958 7709558600 2011 2016-02-24 21:20:13Z Timothy G Bridges 6251 Crooked Creek Road Norcross GA 300923107 54924941 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. 15 14 336 0 610375 -26516 0 0 49405373 47812977 7598789 7111964 0 0 57004162 54924941 0 0 0 0 17928349 18318048 0 0 0 35262774 32064139 53191123 50382187 3813039 4542754 1134232842 1211590222 1004949446 1077764072 129283396 133826150 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 35723 0 1 336 1 1 1 0 0 0 0 0 X 15 14 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 1 0 GA X Beth R Tynan 7703682117 6251 Crooked Creek Road Norcross GA 300923107 James C Barbre 1.00 X 6000 0 0 Paul Enders 1.00 X 6000 0 0 Chuck Gehrmann 1.00 X 5500 0 0 Harvey Campbell 1.00 X 4000 0 0 Keith Gettmann 1.00 X 6000 0 0 Don Hemenway 1.00 X 5500 0 0 Tim F Kercheval 1.00 X 6000 0 0 Margaret Pittman 1.00 X 6000 0 0 Morris Macey 1.00 X 0 0 0 Doyle Spears 1.00 X 5000 0 0 Albert W Smith 1.00 X 3000 0 0 John Petros 1.00 X 5500 0 0 Ron Ford 1.00 X 5500 0 0 Allen Bryan 1.00 X 6000 0 0 C Lin Hodges 40.00 X X 542431 0 41201 George M Clarke 1.00 X 6000 0 0 Tim Bridges 40.00 X 231780 0 23109 T Greg Connor 40.00 X 339658 0 57438 Glenn C Miller 40.00 X 641497 0 11387 Deborah S Tuttle 40.00 X 164901 0 55843 Mark Waller 40.00 X 160970 0 21487 Exceptral L Harden 40.00 X 138039 0 11296 Karl Mann 40.00 X 154859 0 11578 Pamela M Mott 40.00 X 147506 0 51732 William D Baum 40.00 X 135913 0 47065 Betsy C Lynn 40.00 X 139439 0 5006 2872993 0 337142 12 0 1 0 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 81 Interest on Loans 522100 24833120 24833120 Fee Income 522100 18510848 17900473 610375 Other Operating Income 522100 4469009 4469009 47812977 7110656 7110656 1308 0 1308 1308 1308 54924941 47202602 610375 7111964 2367703 10659230 752666 3569927 968522 113538 60600 1281570 1135310 4031050 541653 1205331 190337 227938 8665067 1143741 2735693 Provision for Loan Loss 3667864 Loan Servicing Expense 3082449 ATM Expenses 2410530 ATM,Credit Cd, etc Loss 787526 783942 50382187 10747664 10224810 75894774 130172805 505000 434413208 449033857 26216743 14307403 11472409 11909340 568463419 560319064 12535413 10823370 20705955 38601976 1134232842 1211590222 12686445 19838751 992263001 1057925321 1004949446 1077764072 X 0 0 0 0 129283396 133826150 129283396 133826150 1134232842 1211590222 4542754 0 X X 0 1 1 X 0 2906604 2906604 11797596 5130940 6666656 5119075 4529041 590034 6393468 4647422 1746046 11909340 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 560319064 Member Shares and Deposits 1057925321 1057925321 54924941 50382187 4542754 4542754 54924941 0 54924941 0 54924941 50382187 0 50382187 0 50382187 Description of Uncertain Tax Positions Under FIN 48: Part X: The organization has no uncertain tax liabilities on its audited financial statments under FIN 48(ASC 740-10). X X X 1 1 X X X 1 1 0 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 Part I, Lines 4a-b 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. Lin Hodges Split Dollar Life Insurance X 225000 225000 0 1 1 Tim Bridges Split Dollar Life Insurance X 100000 100000 0 1 1 Mark Waller Split Dollar Life Insurance X 100000 100000 0 1 1 Karl Mann Split Dollar Life Insurance X 80000 80000 0 1 1 505000 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. The Associated Credit Union Foundation Inc 6251 Crooked Creek Road Norcross GA 30092 262834337 Charitable Giving GA 501(c)(3) Line 7 N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0