2011-09-09T15:44:47-00:00 2010-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2010-01-01 580501985 GEORGIA CENTRAL CREDIT UNION GEOR 7704769704 6705 SUGARLOAF PARKWAY Room No 250 DULUTH GA 30097 GREG MOORE 7704769701 2011-09-09 true DOUGLAS ORTH 3052328272 2011-09-09 2010 2016-02-24 21:20:13Z GREG MOORE 6705 SUGARLOAF PARKWAY SUITE 250 DULUTH GA 30097 77404508 false 3804 X WWW.GACENTRAL.ORG X CREDIT UNION 1936 GA TO BE A FULL SERVICE WHOLESALE FINANCIAL INSTITUTION PROVIDING FINANCIAL SERVICES AND SUPPORT TO CREDIT UNIONS. TO BE A FULL SERVICE WHOLESALE FINANCIAL INSTITUTION PROVIDING FINANCIAL SERVICES AND SUPPORT TO CREDIT UNIONS. 10 10 27 22 0 0 2140267 2667065 32538779 18528873 503013 0 35182059 21195938 0 0 3154815 2980655 0 0 50104894 17154542 53259709 20135197 -18077650 1060741 2515581386 2002348630 2515970773 2000806739 -389387 1541891 TO BE A FULL SERVICE WHOLESALE FINANCIAL INSTITUTION PROVIDING FINANCIAL SERVICES AND SUPPORT TO CREDIT UNIONS. false false INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBER CREDIT UNION FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS NATURAL PERSON CREDIT UNION MEMBERS. false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false true false false false false false true true true false true 20 0 27 true false false false false false false false X 10 10 false false false false true true false true true false false false true true true true true true true false X GEORGIA CENTRAL CREDIT UNION 7704769704 6705 SUGARLOAF PARKWAY SUITE 250 DULUTH GA 30097 BETSY MERCIER 005.00 X 0 0 0 LIN HODGES 005.00 X 0 0 0 JAY GRATWICK 003.00 X 0 0 0 JANET DAVIS 003.00 X 0 0 0 GARY KYLE 003.00 X 0 0 0 KEN MERRITT 003.00 X 0 0 0 MIKE MERCER 003.00 X 0 0 0 DICKY YARBROUGH 003.00 X 0 0 0 MARK OUTLER 003.00 X 0 0 0 CHARLOTTE AYERS 003.00 X 0 0 0 GREG MOORE 040.00 X 291272 0 25688 CORY JOHNSTON 040.00 X 279746 0 23030 AMY FULLER 040.00 X 178566 0 19892 DAWN SIRRAS 040.00 X 150199 0 22069 SARINA FREEDLAND 040.00 X 341395 0 11236 JEFF ASHE 040.00 X 103643 0 14355 BEN LEMOINE 040.00 X 100324 0 8949 1445145 125219 7 false true false GEORGIA CREDIT UNION AFFILIATES 6705 SUGARLOAF PKWY SUITE 200 DULUTH GA 30097 STAFFING/RENTAL 3166783 CORPORATE SYNERGIES LLC 8400 BAYMEADOWS RD SUITE 18 JACKSONVILLE FL 32256 DATA PROCESSING SYSTEM VENDOR 124066 OPEN SOLUTIONS INC PO BOX 33473 HARTFORD CT 06150 DATA PROCESSING SYSTEM VENDOR 100333 3 INTEREST ON LOANS 522100 366037 366037 FEE INCOME 522100 2301028 2301028 2667065 18242747 18242747 56494696 56208570 286126 286126 286126 21195938 21195938 0 0 0 0 1570364 1570364 0 852065 852065 0 409597 409597 148629 148629 0 8439 8439 146108 146108 0 0 225684 225684 118079 118079 288172 288172 291886 291886 0 165435 165435 62617 62617 0 20859 20859 15212122 15212122 0 342270 342270 29974 29974 SEE ATTACHED SCHEDULE 242897 242897 0 20135197 20135197 351215 210694 1831780528 1341738484 6388014 1816464 11281463 2622966 221387 100469 2358211 1749149 909818 609062 179397766 399014582 481715948 251839049 3535247 4396860 2515581386 2002348630 3949607 4616944 2512021166 1996189795 2515970773 2000806739 X -389387 1541891 -389387 1541891 2515581386 2002348630 X 1060741 870537 X false true true X false false 2358211 1749149 609062 609062 USC CDS WITH MATURITY GREATER THAN 1 YEAR 245554458 F COMMUNITY INVESTMENT FUND 600000 F FHLB STOCK 3782700 F INVESTMENTS IN CUSOS 1901891 F 251839049 DAILY SHARES 1580753216 CERTIFICATES OF DEPOSIT 386833595 MEMBER CAPITAL SHARES 28602984 1996189795 21195938 20135197 1060741 870537 870537 1931278 21195938 21195938 21195938 20135197 20135197 20135197 X 2 FIN 48 IS NOT APPLICABLE. X X false false false GREG MOORE 281477 9795 25688 316960 CORY JOHNSTON 180000 94358 5388 18000 5030 302776 AMY FULLER 173269 5297 17327 2565 198458 DAWN SIRRAS 144983 5216 13048 9021 172268 SARINA FREEDLAND 82425 258423 547 8243 2993 352631 SEE SCHEDULE O SEE SCHEDULE O SEE SCHEDULE O Form 990 Part VI 6 THE ORGANIZATION HAS NATURAL PERSON CREDIT UNION MEMBERS. Form 990 Part VI 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. Form 990 Part VI 11 AMY FULLER SVP/COO AND AMANDA HARRELL AVP/CONTROLLER ARE RESPONSIBLE FOR THE REVIEW AND FILING OF THE FORM 990. Form 990 Part VI 12C ANNUALLY THE COMPANYS COMPLIANCE OFFICER PRESENTS AN ETHICS AND CONFIDENTIALITY TRAINING SESSION FOR THE BOARD OF DIRECTORS AND COMMITTEE MEMBERS, WHICH IS MANDATORY. AT THIS TIME THESE INDIVIDUALS ARE REMINDED OF THE POLICY RELATED TO CONFLICTS OF INTEREST AND ENCOURAGED TO REPORT ANY SUCH CONFLICTS TO THE SUPERVISORY COMMITTEE CHAIRMAN. FURTHER, EACH PACKAGE OF INFORMATION PROVIDED TO THE BOARD OF DIRECTORS AND COMMITTEE MEMBERS INCLUDES A REMINDER REGARDING CONFIDENTIALITY AND CONFLICTS OF INTEREST. FROM TIME TO TIME, A DIRECTOR WILL RECUSE HIM OR HERSELF FROM DISCUSSION OR VOTING AS DEEMED APPRORIATE. Form 990 Part VI 15B THE COMPANYS PRESIDENT/CEO IS HIRED BY A SPECIAL SEARCH COMMITTEE OF THE BOARD OF DIRECTORS THAT MAKES USE OF INDUSTRY DATA TO ESTABLISH AN APPROPRIATE COMPENSATION PACKAGE. THE PRESIDENT/CEOS PERFORMANCE APPRAISAL IS UNDERTAKEN ANNUALLY BY THE EXECUTIVE COMMITTEE, MADE UP OF CERTAIN OFFICERS OF THE BOARD. THIS BODY CONSULTS INDUSTRY SPECIFIC RESEARCH, INCLUDING DATA HOUSED IN COMPEASE, A SYSTEM UTILIZED TO ESTABLISH PAY RANGES FOR ALL COMPANY EMPLOYEES, AND SURVEY OF OTHER CORPORATE CREDIT UNIONS PERFORMED ANNUALLY BY KOKER-GOODWIN AND ASSOCIATES. THE EXECUTIVE COMMITTEES MEETING MINUTES ARE AVAILABLE TO SUBSTANTIATE THE DISCUSSION SURROUNDING THE APPRAISAL, SALARY SETTING AND BONUS CONSIDERATION FOR THE PRESIDENT/CEO. Form 990 Part VI 15B THIS COMMITTEE REVIEWS A DETAILED REPORT OF PROGRESS TOWARD ACHIEVING COMPANY-WIDE GOALS DURING THE PRIOR YEAR AND PRE-ESTABLISHED PERFORMANCE MEASURES TO INFORM THEIR DECISION. OTHER SENIOR EXECUTIVES RECEIVE ANNUAL PERFORMANCE APPRAISALS FROM THE PRESIDENT/CEO AT WHICH TIME A DETERMINATION IS MADE REGARDING THE PAYMENT OF INCENTIVE COMPENSATION UP TO 15 OF SALARY ANNUALLY, WHICH IS TIED DIRECTLY TO THE ACHIEVEMENT OF PRE-DEFINED GOALS AND ORGANIZATIONAL PERFORMANCE MEASURES, AS WELL AS ONGOING FUTURE COMPENSATION. THIS APPRAISAL INCLUDES THE USE OF IPERFORMEASE, A SYSTEM DEVELOPED TO TRACK AND MEASURE PERFORMANCE RELATIVE TO SPECIFIC JOB EXPECTATIONS, AS WELL AS THE COMPEASE SALARY SYSTEM FOR DETERMINING ANY CHANGES TO COMPENSATION. Form 990 Part VI 15B THE PRESIDENT/CEO INDEPENDENTLY DETERMINES THE PAY AND BENEFITS FOR THE SENIOR EXECUTIVE TEAM, WITHIN THE CONSTRAINTS OF THE BUDGET SET FORTH BY THE BOARD OF DIRECTORS. EMPLOYEE FILES INCLUDE A REPRESENTATION OF FACTORS CONSIDERED DURING THE APPRAISAL PROCESS. Form 990 Part VI 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990 Part IV 28C WE HAVE ANSWERED YES TO THIS QUESTION BECAUSE ALL OF OUR BOARD OFFICERS AND TRUSTEES ARE OFFICERS OF THEIR RESPECTIVE CREDIT UNIONS. THESE CREDIT UNIONS ARE MEMBERS OF OUR ORGANIZATION AND CONDUCT BUSINESS WITH GEORGIA CENTRAL CREDIT UNION. ADDITIONALLY, OUR CEO SAT ON THE BOARDS OF PRIMARY FINANCIAL, U.S. CENTRAL AND CORPORATE SYNERGIES, WHO WE ALL DO BUSINESS WITH. HOWEVER, WE DID NOT COMPLETE SCHEDULE L PART IV BECAUSE ALL OF THE ABOVE-MENTIONED POSITIONS ARE VOLUNTEER POSITIONS AND THESE INDIVIDUALS ARE NOT COMPENSATED IN THESE ROLLS. Form 990 AT THE END OF 2010, GEORGIA CENTRAL CREDIT UNION CHANGED ITS CHARTER FROM STATE TO FEDERAL AND BECAME GEORGIA CORPORATE FEDERAL CREDIT UNION. FEDERAL CREDIT UNIONS ARE NOT REQUIRED TO FILE FORM 990, THEREFORE THIS IS THE FINAL 990 FILING FOR GEORGIA CENTRAL CREDIT UNION. Form 990 Part XI 5 UNREALIZED GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE FOR SALE. 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