2012-08-29T11:45:08-05:00 2011-12-31 631077072 BARFIELD MURPHY SHANK & SMITH PC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2011-01-01 630371386 CREDIT UNIONS IN THE STATE OF ALABAMA COMMUNITY CREDIT UNION CRED 2565437302 110 SOUTH 26TH STREET GADSDEN AL 35904 DAVID EUBANKS 2565467302 2012-08-08 1 JACK KNIGHT CPA P00192609 2059825500 2011 2016-02-24 21:20:13Z DAVID EUBANKS 110 SOUTH 26TH STREET GADSDEN AL 35904 15462818 0 X WWW.NETCCU.COM X 1951 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 7 7 147 10 20812 2571 0 0 11674665 10444106 721467 -840143 4230013 4447855 16626145 14051818 0 0 0 0 4259052 4158115 0 0 0 13781446 11003844 18040498 15161959 -1414353 -1110141 240415160 238455912 224599892 224723997 15815268 13731915 TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS 0 0 39,765 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS 0 0 0 0 0 0 0 0 0 1 0 0 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 1 1 1 0 1 7983 0 1 147 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 0 0 0 1 1 0 X KELLY WHISENANT 2565437302 110 SOUTH 26TH STREET GADSDEN AL 35904 HERSEY TAYLOR 2.00 X 0 0 0 GREG GREGERSON 2.00 X 0 0 0 CHARLES ATCHLEY 2.00 X 0 0 0 RONALD PATRICK 2.00 X 0 0 0 DONALD SMITH 2.00 X 0 0 0 GARY KENNEDY 2.00 X 0 0 0 KENNETH SIMMONS 2.00 X 0 0 0 DAVID EUBANKS 40.00 X 95097 0 22330 JOAN SMITH 40.00 X 70365 0 12318 MACK WILLIAMS 40.00 X 6795 0 0 PATRICIA SMALL 40.00 X 10673 0 0 KELLY WHISENANT 40.00 X 61472 0 18355 RICK O'NEAL 40.00 X 60400 0 16523 304802 0 69526 0 0 0 0 EPL INC 22 INVERNESS CTR PARKWAY 400 BIRMINGHAM AL 35242 DATA PROCESSING 569532 CUNA MUTUAL GROUP PO BOX 2864 MILWAUKEE WI 53201 INSURANCE 271100 2 LOAN INTEREST INCOME 522130 10444106 10444106 10444106 565957 565957 16842 16842 4900 1411000 -1406100 -1406100 -1406100 NSF FEES 522130 2382193 2382193 ACCOUNT, LOAN, AND INT 522130 1952275 1952275 OTHER INCOME 522130 75733 75733 20812 20812 4431013 14051818 14854307 20812 -823301 374328 2344760 274613 910748 253666 188467 81072 87407 111469 948853 552762 44011 35559 3117005 226955 169042 UBIT TAX EXPENSE 386 BAD DEBT 2269422 CHECK AND LOAN SERVICIN 2035009 SERVICE CENTER 434084 702341 15161959 4876972 6691352 49033211 54197488 93894 95891 168090211 152994572 678940 578193 8427010 4378854 4216516 4048156 7546361 14076835 1643808 177576 4235247 5595849 240415160 238455912 348550 1743894 224251342 222980103 224599892 224723997 X 0 0 0 0 15815268 13731915 15815268 13731915 240415160 238455912 X -1110141 -973212 X X 0 0 0 1293050 1293050 4193170 1918659 2274511 31739 31739 0 2430980 2187163 243817 478071 241293 236778 4048156 MEMBER DEPOSITS 222980103 222980103 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN THE COUNTIES SERVED BY THE CREDIT UNION THROUGHOUT ALABAMA. MEMBERSHIP IS ALSO AVAILABLE TO ANY MEMBER'S IMMEDIATE FAMILY. THE FOLLOWING COUNTIES ARE SERVED BY COMMUNITY CREDIT UNION: BLOUNT, CALHOUN, CULLMAN, ETOWAH, JEFFERSON, MADISON, SHELBY, TALLADEGA, CLEBURNE, CHEROKEE, DEKALB, JACKSON, MARSHALL, MORGAN AND ST. CLAIR. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF COMMUNITY CREDIT UNION ELECT ITS BOARD MEMBERS AT THEIR ANNUAL MEETING. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION AND THE NOMINEES FOR EACH VACANT POSITION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 THE CREDIT UNION IS REQUIRED TO FOLLOW THE NATIONAL CREDIT UNION ASSOCIATION'S CONFLICT OF INTEREST REGULATIONS. IN 2012 A STAND ALONE CONFLICT OF INTEREST POLICY WILL BE BROUGHT TO THE BOARD FOR CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS, KEY EMPLOYEES & TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME AND THE CUNA SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE ASI WEBSITE WHICH CAN BE FOUND AT WWW.AMERICANSHARE.COM. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 181,915. OTHER COMPREHENSIVE INCOME - PENSION OBLIGATION -1,155,127. TOTAL TO FORM 990, PART XI, LINE 5: -973,212. FORM 990, PART XII, LINE 2: ON A YEARLY BASIS, AMERICAN SHARE INSURANCE (ASI), A PRIVATE DEPOSIT INSURER FOR CREDIT UNIONS, EXAMINES THE FINANCIAL STATEMENTS AND CONDUCTS FIELD EXAMINATIONS OF THE CREDIT UNION. THE ALABAMA CREDIT UNION ADMINISTRATION ALSO EXAMINES THE FINANCIAL STATEMENTS OF THE CREDIT UNION. COMMUNITY SERVICES INC 1519 RAINBOW DRIVE GADSDEN AL 35901 201652934 TO PROVIDE MEMBERS OF CCU WITH ADDITIONAL FINANCIAL PRODUCTS AL N/A C -6797 145707 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 COMMUNITY SERVICES INC L 342021 FAIR MARKET VALUE