2023-11-15T14:32:47-06:00 2022-12-31 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2022-01-01 630346919 FORT MCCLELLAN CREDIT UNION FORT 2562372113 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 ANGELA SMITH CEO 2562372113 2023-11-14 1 ANGELA SMITH 999009999 0 W GLENN BRIDGES JR CPA P00519867 2053235440 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA SMITH 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 8315286 0 X WWW.FORTMCCLELLANCU.ORG X STATE CHARTERED COOPERATIVE CREDIT U 1953 AL COOPERATIVE CREDIT UNION 9 9 82 14 104468 0 0 0 7242048 8315286 0 0 0 0 7242048 8315286 0 0 0 0 3485888 3443074 0 0 0 4331576 4827550 7817464 8270624 -575416 44662 237814363 233224923 209610790 217797379 28203573 15427544 X THIS CREDIT UNION IS A VOLUNTARY, COOPERATIVE, NON-PROFIT FINANCIAL INSTITUTION, CHARTERED UNDER THE ALABAMA CREDIT UNION ACT (CODE OF ALABAMA, 1975, TITLE 5 CHAPTER 17). ITS PRIMARY PURPOSE IS THE ENCOURAGEMENT OF THRIFT, THE CREATION OF A SOURCE OF CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND THE PROVISION OF OPPORTUNITIES FOR ITS MEMBERS TO CONTROL THEIR OWN MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 8270624 CODE OF ALABAMA, SEC 5-17-1, STATES THAT A CREDIT UNION IS A COOPERATIVE SOCIETY INCORPORATED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. FORT MCCLELLAN CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, PROVIDES THESE SERVICES TO ITS MEMBERS. THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PRIMARILY PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN CALHOUN, CLEBURNE, TALLADEGA, CLAY, RANDOLPH, CHEROKEE, ETOWAH, ST. CLAIR, AND CHAMBERS COUNTIES, ALABAMA; CITY, COUNTY STATE, AND FEDERAL EMPLOYEES LIVING OR WORKING IN ST. CLAIR AND ETOWAH COUNTIES; NATIONAL GUARD AND US ARMY RESERVE PERSONNEL WITHIN THE TRADE AREA OF FMCU; AND THEIR RELATIVES. AS OF DECEMBER 31, 2022, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 16,832 MEMBERS. 8270624 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 1 0 1 0 0 1 3374 0 82 1 1 1 0 0 0 0 0 0 0 X 9 9 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X ANGELA SMITH 2562372113 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 HERSCHEL HARRIS VICE CHAIRPERSON (END 2022) 2.50 X 0 0 0 SYBIL BORDEN DIRECTOR 2.50 X 0 0 0 KIM MCCARSON DIRECTOR 2.50 X 0 0 0 KYLE MEDDERS DIRECTOR 2.50 X 0 0 0 JEFF LEONARD DIRECTOR 2.50 X 0 0 0 SUSAN TRAMMELL SECRETARY, TREASURER 2.50 X 0 0 0 ROBERT DAFFRON SUPERVISORY COMMITTEE MEMB 2.50 X 0 0 0 PAMELA ROBERTSON SUPERVISORY COMMITTEE CHAIR 2.50 X 0 0 0 JOSEPH ROBERSON BOARD CHAIRPERSON 2.50 X 0 0 0 KENNETH JOINER VICE CHAIRPERSON 2.50 X 0 0 0 DARRELL WALDRUP DIRECTOR 2.50 X 0 0 0 VAN ROBERTS DIRECTOR 2.50 X 0 0 0 JONATHAN BOBO SUPERVISORY COMMITTEE 2.50 X 0 0 0 MICHAEL MCDERMOTT SUPERVISORY COMMITTEE 2.50 X 0 0 0 ANGELA SMITH CHIEF EXECUTIVE OFFICER 40.00 X 142733 0 21279 JOHN TERRANO CHIEF HUMAN RESOURCES OFFICER 40.00 X 130633 0 15952 JULIE HILL SENIOR VICE PRESIDENT 40.00 X 120240 0 6239 393606 0 43470 3 0 1 0 0 LOAN INTEREST INCOME 522130 4302055 4302055 FINANCIAL SERVICES INC 522130 2316561 2212093 104468 INVESTMENT INCOME 522130 1696670 1696670 8315286 8315286 8210818 104468 0 X 310597 310597 2741043 2741043 53953 53953 128111 128111 209370 209370 3132 3132 101109 101109 1429700 1429700 86389 86389 225909 225909 460054 460054 20987 20987 142501 142501 573189 573189 260852 260852 COST OF FINANCIAL SERVI 901815 901815 MEMBER SHARE DIVIDENDS 534084 534084 PROVISION FOR LOAN LOSS 67975 67975 ASSOCIATION DUES AND SU 19854 19854 8270624 8270624 0 0 3182860 2001052 22479730 10328376 416197 287566 82593446 101622717 861315 398287 19772988 3442843 13335083 16330145 101438145 96904001 13507587 5352779 237814363 233224923 1405706 2699390 208205084 215097989 209610790 217797379 X 0 0 0 0 28203573 15427544 28203573 15427544 237814363 233224923 X 44662 -12650223 1161 -171629 X 0 0 0 2014218 2014218 11903478 2438332 9465146 2270712 1004511 1266201 3584580 3584580 16330145 AFS SECURITIES 89383711 C CERTIFICATE OF DEPOSITS IN OTHER FINANCIAL INSTITUTIONS 2748056 C OTHER INVESTMENTS 598321 C CAPITAL DEPOSITS IN CORPORATE CREDIT UNIONS 4173913 C 96904001 MEMBER DEPOSITS 215054606 ACCRUED INTEREST/DIVIDENDS PAYABLE 43383 215097989 X X X 0 0 0 ANGELA SMITH CHIEF EXECUTIVE OFFICER 141308 0 125 0 1300 0 13556 0 7723 0 164012 0 0 0 PART I, LINE 3 COMPENSATION FOR THE CEO IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, A PERSONNEL COMMITTEE EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE CEO WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. THE COMMITTEE USES NATIONAL PEER GROUP SALARY GUIDES PROVIDED BY CUNA AS AN INDEPENDENT SALARY GUIDE. THE PERSONNEL COMMITTEE THEN PRESENTS THE SALARY TO THE BOARD OF DIRECTORS FOR APPROVAL. ANGELA SMITH CEO F1 - USED AUTO X 44688 22562 0 1 1 ANGELA SMITH CEO I4 - RE FIXED 1ST 15YR X 140000 123120 0 1 1 JOHN TERRANO CHRO E1 - NEW AUTO X 29000 16390 0 1 1 ANGELA SMITH CEO H3 - RV X 34500 28714 0 1 1 ANGELA SMITH CEO F1 - USED AUTO X 48070 40791 0 1 1 JOHN TERRANO CHRO E1 - NEW AUTO X 31999 23476 0 1 1 JOHN TERRANO CHRO D1 - SIGNATURE CE X 5000 3342 0 1 1 ANGELA SMITH CEO F1 - USED AUTO X 12895 9614 0 1 1 JULIE HILL SVP LENDING F1 - USED AUTO X 22020 19557 0 1 1 287566 SC&B STRATEGIC SOLUTIONS INC OWNED BY AND DIRECT EMPLOYER OF DOUG DEESE, FMCU 2020 INTERIM CEO 3840 FMCU HAS CONTRACTED WITH SC&B STRATEGIC SOLUTIONS FOR MULTIPLE YEARS TO HAVE DOUG DEESE DO VARIOUS ACCOUNTING CONSULTING WORK, SUCH AS RECONCILIATIONS, CASH COUNTS, BUDGETING, AND ASSISTING FMCU WITH PREPARING THE QUARTERLY NCUA CALL REPORT. THIS EXTENDED TO MR. DEESE ACTING AS INTERIM CEO FOR PART OF 2020. 0 990 PART IV, LINE 26 ALL EMPLOYEES WHO ARE NOT A VOLUNTEER (BOARD MEMBER, SUPERVISORY COMMITTEE MEMBER) WITH THE CREDIT UNION, WHO ARE NOT RELATED TO A CREDIT UNION VOLUNTEER, AND WHO HAVE BEEN EMPLOYED WITH THE CREDIT UNION FOR AT LEAST ONE YEAR, ARE OFFERED LOANS ON SPECIALIZED TERMS, INCLUDING PREFERENTIAL INTEREST RATES, OTHER THAN THOSE OFFERED TO REGULAR MEMBERS IN THE ORDINARY COURSE OF BUSINESS. ALL SUCH LOANS MUST BE APPROVED BY EITHER THE CONSUMER LENDING MANAGER, SENIOR VICE PRESIDENT OF LENDING, OR CEO OF THE CREDIT UNION, AND AT LEAST TWO MEMBERS OF THE BOARD OF DIRECTORS' LOAN COMMITTEE. LOAN APPLICATIONS FROM THE EXECUTIVE MANAGEMENT WILL BE SUBMITTED TO THE LOAN COMMITTEE FOR APPROVAL. ALL LOANS TO EXECUTIVE MANAGEMENT, OTHER THAN THE CEO, MUST BE REVIEWED BY THE CEO AND THE LOAN COMMITTEE TO VERIFY THAT KNOWLEDGE OF THE LOAN HAS BEEN ESTABLISHED AND THAT PROPER UNDERWRITING HAS TAKEN PLACE. THE SENIOR VICE PRESIDENT OF LENDING WILL COMPLETE THE FUNDING OF LOANS TO EXECUTIVE MANAGEMENT. ALL OF THE PRECEDING RULES ARE DICTATED IN THE BOARD-APPROVED LENDING POLICY AT LEAST ANNUALLY. SUCH LOANS TO OFFICERS AND OTHER INTERESTED PERSONS ARE REPORTED EACH YEAR BY THE CREDIT UNION ON 990 SCHEDULE L. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH ROBERSON, BOARD OF DIRECTORS CHAIRMAN IS THE UNCLE OF SUPERVISORY COMMITTEE CHAIRWOMAN PAMELA ROBERTSON. FORM 990, PART VI, SECTION A, LINE 3 FMCU HAS CONTRACTED WITH SC&B STRATEGIC SOLUTIONS FOR MULTIPLE YEARS TO HAVE DOUG DEESE DO VARIOUS ACCOUNTING CONSULTING WORK, SUCH AS RECONCILIATIONS, CASH COUNTS, BUDGETING, AND ASSISTING FMCU WITH PREPARING THE QUARTERLY NCUA CALL REPORT. FORM 990, PART VI, SECTION A, LINE 6 ALABAMA BANKING CODE, SECTION 5-17-5 STATES THAT, "CREDIT UNION MEMBERSHIP SHALL CONSIST OF THE INCORPORATORS AND SUCH OTHER PERSONS AS MAY BE ELECTED TO MEMBERSHIP AND WHO SUBSCRIBE TO AT LEAST ONE SHARE AND PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE. ORGANIZATIONS, INCORPORATED OR OTHERWISE, COMPOSED FOR THE MOST PART OF THE SAME GENERAL GROUP AS THE CREDIT UNION MEMBERSHIP MAY BE MEMBERS. CREDIT UNION ORGANIZATION SHALL BE LIMITED TO GROUPS, OF BOTH LARGE AND SMALL MEMBERSHIP, HAVING A COMMON BOND OF OCCUPATION OR ASSOCIATION OR TO GROUPS WITHIN A WELL- DEFINED NEIGHBORHOOD, COMMUNITY OR RURAL DISTRICT." THE CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PRIMARILY PERSONS WHO LIVE, WORK, WORSHIP, OR ATTEND SCHOOL IN CALHOUN, CLEBURNE, TALLADEGA, CLAY, RANDOLPH, CHEROKEE, ETOWAH, ST. CLAIR, AND CHAMBERS COUNTIES, ALABAMA; CITY, COUNTY STATE, AND FEDERAL EMPLOYEES LIVING OR WORKING IN ST. CLAIR AND ETOWAH COUNTIES; NATIONAL GUARD AND US ARMY RESERVE PERSONNEL WITHIN THE TRADE AREA OF FMCU; AND THEIR RELATIVES. AS OF DECEMBER 31, 2022, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 16,832 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE. THIS ELECTION MAY BE CONDUCTED EITHER BY ELECTRONIC DEVICE OR MAIL BALLOT, AT THE DISCRETION OF THE BOARD OF DIRECTORS. NO MEMBER MAY VOTE BY PROXY, BUT MEMBERS OTHER THAN NATURAL PERSONS MAY VOTE THROUGH AN AGENT DESIGNATED IN WRITING. EACH MEMBER IS ALLOWED ONE VOTE. MEMBERS MUST BE OVER THE AGE OF 19 BY THE DATE OF THE MEETING IN ORDER TO VOTE. VOTING MUST CONCLUDE NO LATER THAN MIDNIGHT FIVE DAYS BEFORE THE DATE OF THE ANNUAL MEETING, AFTER WHICH THE ELECTION TELLERS APPOINTED BY THE BOARD OF DIRECTORS WILL TALLY THE VOTE. THE RESULT WILL BE VERIFIED AT THE ANNUAL MEETING AND THE CHAIR WILL MAKE THE RESULT OF THE VOTE PUBLIC AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING TYPES OF DECISIONS ARE SUBJECT TO APPROVAL BY THE CREDIT UNION'S MEMBERS: DISSOLUTION AND MERGER OF THE CREDIT UNION, ELECTION AND TERMINATION OF BOARD MEMBERS, ELECTION AND TERMINATION OF SUPERVISORY COMMITTEE MEMBERS AND CONVERSION FROM STATE TO FEDERAL CHARTER. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PERFORMS A REVIEW OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF OR DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST. ADDITIONALLY, THE FORT MCCLELLAN CREDIT UNION DOES NOT HIRE FAMILY MEMBERS FOR WORK DONE AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, A PERSONNEL COMMITTEE EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE CEO WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. THE COMMITTEE USES NATIONAL PEER GROUP SALARY GUIDES PROVIDED BY CUNA AS AN INDEPENDENT SALARY GUIDE. THE PERSONNEL COMMITTEE THEN PRESENTS THE SALARY TO THE BOARD OF DIRECTORS FOR APPROVAL. ALL OTHER SALARIES ARE SET BY THE CEO, PENDING BOARD APPROVAL, BASED UPON THE CUNA SALARY GUIDE. FORM 990, PART VI, SECTION C, LINE 18 THE CREDIT UNION'S 990 IS AVAILABLE TO THE PUBLIC ON IRS.GOV. GOVERNING DOCUMENTS AVAILLABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVALIBLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL AND OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,429,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,429,700. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -171,629. LLCU REAL ESTATE LLC 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 881303536 HOLDING AND RENTING COMMERCIAL REAL ESTATE AL 47995 1434563 FORT MCCLELLAN CREDIT UNION