2025-05-14T11:05:06-05:00 2024-12-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE ROAD SUITE 1100 LOUISVILLE KY 402225187 990 2024-01-01 616034178 SERVICE ONE CREDIT UNION INC SERV 8007598500 PO BOX 51770 BOWLING GREEN KY 421026770 JUSTIN MORRIS PRESIDENT 8007598500 2025-05-12 1 0 MELINDA L HECK P01392306 5024269660 2025-05-12 2024 2025-03-06 01:10:19Z REBECCA STONE PO BOX 185 BOWLING GREEN KY 42102 18165009 0 X WWW.SOCU.COM X 1963 KY THE MISSION OF SERVICE ONE CREDIT UNION IS TO UNDERSTAND AND MEET OUR MEMBERS AND COMMUNITY'S NEEDS TO HELP THEM PROSPER. 7 7 92 11 13608 4139 0 0 12217533 13078280 691337 1165200 3399528 3328886 16308398 17572366 91552 119746 0 0 4876652 4736855 0 0 0 10900086 12148750 15868290 17005351 440108 567015 274632565 271498365 253426300 249677699 21206265 21820666 THE MISSION OF SERVICE ONE CREDIT UNION IS TO UNDERSTAND AND MEET OUR MEMBERS AND COMMUNITY'S NEEDS TO HELP THEM PROSPER. 0 0 SERVICE ONE CREDIT UNION PROVIDES SAVINGS AND LENDING SERVICES AND PRODUCTS TO ITS FIELD OF MEMBERSHIP. 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 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 1 5096 0 1 92 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 KY X JUSTIN MORRIS 2705990469 PO BOX 51770 BOWLING GREEN KY 421026770 CHRIS GEORGE SECRETARY/TREASURER 1.00 X X 0 0 0 JAMES MCCASLIN DIRECTOR 1.00 X 0 0 0 HAROLD LITTLE VICE-CHAIR 1.00 X X 0 0 0 RICHARD L MILLER DIRECTOR 1.00 X 0 0 0 BROOKE JUSTICE DIRECTOR 1.00 X 0 0 0 BRENDA WILLOUGHBY DIRECTOR 1.00 X 0 0 0 J PAT STEWART CHAIR 1.00 X X 0 0 0 REBECCA STONE CEO 40.00 X 189585 0 94221 MATTHEW HUTCHESON SVP/FINANCE 40.00 X 92009 0 21614 MICHELLE DYER SVP/CHIEF EXPERIENCE OFFICER 40.00 X 118638 0 11500 JUSTIN MORRIS PRESIDENT/CHIEF STRATEGY OFFICER 40.00 X 147509 0 12549 BRAD BROWN SVP/CHIEF OPERATING OFFICER 40.00 X 106779 0 12268 ROB HERRINGTON SVP/CHIEF TECHNOLOGY OFFICER (THRU 8/23/24) 40.00 X 96759 0 8497 NATHAN DALRYMPLE VP PEOPLE AND COMPLIANCE 40.00 X 100250 0 10756 JEREME DICKENS VP/TECHNOLOGY 40.00 X 70089 0 28964 MARKUS FLOYD SVP/CHIEF INNOVATION & CREDIT OFFICER (THRU 2/13) 40.00 X 38404 0 3822 960022 0 204191 5 0 1 0 0 INTEREST INCOME ON LOANS TO MEMBE 522291 13078280 13078280 13078280 950993 950993 806850 592643 214207 214207 214207 VISA CHECK FEES 522100 1482441 1482441 NSF AND ODP FEES 522100 1326313 1326313 NON-INTEREST INCOME 522100 414924 414924 105208 91600 13608 3328886 17572366 16607765 13608 950993 119746 1164213 2874046 33757 363815 301024 65232 67343 235370 403783 451180 577658 197074 4745204 483715 95505 OTHER EXPENSES 1640350 PROCESSING FEES 1061777 PROVISION FOR LOAN AND 900165 DEBIT CARD OPERATIONS 728825 495569 17005351 1767089 1187783 9894539 16474628 745741 888807 225463038 214903403 1191590 1101424 20400976 5521257 6449554 14879719 16950058 16458704 1246540 1216040 10924416 4387857 274632565 271498365 1550407 1729603 265972 84742 33256000 19600000 218353921 228263354 253426300 249677699 X 0 0 2207162 2207162 18999103 19613504 21206265 21820666 274632565 271498365 567015 47386 0 X 0 0 0 0 1 X 2703863 2703863 13239200 2533640 10705560 4457913 2987617 1470296 14879719 CERTIFICATES OF DEPOSIT>1 YEAR IN MATURITY 1709821 F INVESTMENT IN OTHER BUSINESSES 917367 C FHLB STOCK 1288500 C CHARITABLE DONATION INVESTMENTS 932071 C MBS BONDS 6531325 F GOVERNMENT AGENCY BONDS 5079620 F 16458704 MEMBER SHARE DEPOSITS 77630423 MEMBER SHARE DRAFTS 59010080 MEMBER SHARE CERTIFICATES 71777851 NON MEMBER DEPOSITS 19845000 228263354 PART IV, LINE 2B: THE CREDIT UNION COLLECTS FUNDS FROM ITS MORTGAGE LOAN BORROWERS AND HOLDS THE FUNDS IN ESCROW TO PAY THE BORROWERS REAL ESTATE TAXES AND PROPERTY INSURANCE PREMIUMS. 1 SOUTHCENTRAL KENTUCKY COMMUNITY & TECHNICAL COLLEGE 1845 LOOP DR BOWLING GREEN KY 42101 020738080 501(C)(3) 15000 0 TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT PROJECT CAMP INC DBA CENTER FOR COURAGEOUS KIDS 1501 BURNLEY RD SCOTTSVILLE KY 42164 201789905 501(C)(3) 20000 0 TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT ARTS OF SOUTHERN KENTUCKY FOUNDATION 610 COLLEGE ST BOWLING GREEN KY 42102 853668279 501(C)(3) 12500 0 TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT BOWLING GREEN AREA CHAMBER OF COMMERCE 710 COLLEGE ST BOWLING GREEN KY 42101 610139152 501(C)(6) 7500 0 TO PROVIDE A SPONSORSHIP AND SCHOLARSHIP SUPPORT 3 1 PART I, LINE 2: THE CREDIT UNION DOES NOT MONITOR THE USE OF GRANT FUNDS ONCE THEY HAVE BEEN PROVIDED. PART I, LINE 2 X 0 1 0 REBECCA STONE CEO 189585 0 0 0 0 0 83956 0 10265 0 283806 0 0 0 JUSTIN MORRIS PRESIDENT/CHIEF STRATEGY OFFICER 147509 0 0 0 0 0 2245 0 10304 0 160058 0 0 0 PART I, LINE 4B REBECCA STONE - $81,081 JOSEPH P STEWART BOARD MEMBER AUTO LOAN X 43812 43872 0 1 1 JOSEPH P STEWART BOARD MEMBER RECREATIONAL VEHCILE X 35705 26718 0 1 1 JOSEPH P STEWART BOARD MEMBER CREDIT CARD X 0 14 0 1 1 JOSEPH P STEWART BOARD MEMBER RESIDENTIAL MORTGAGE X 65000 22244 0 1 1 CHRISTOPHER ROYSE SUPERVISORY COMMITTEE CHAIR AUTO LOAN X 13000 11593 0 1 1 JACK T BLAHA SUPERVISORY COMMITTEE MEMBER MORTGAGE X 100000 71155 0 1 1 JAMES MCCASLIN BOARD MEMBER HELOC X 110000 109665 0 1 1 BRAD BROWN SVP/CHIEF OPERATING OFFICER MORTGAGE X 160000 112806 0 1 1 BRAD BROWN SVP/CHIEF OPERATING OFFICER AUTO LOAN X 53981 39155 0 1 1 REBECCA STONE CEO MORTGAGE X 261250 232429 0 0 0 BRAD BROWN SVP/CHIEF OPERATING OFFICER HELOC X 99000 18152 0 0 0 JEREME DICKENS VP TECHNOLOGY MORTGAGE X 187870 143078 0 0 0 JEREME DICKENS VP TECHNOLOGY HELOC X 65000 57926 0 0 0 888807 FORM 990, PART VI, SECTION A, LINE 6 SERVICE ONE CREDIT UNION IS A NONPROFIT COOPERATIVE ORGANIZED UNDER THE LAWS OF THE STATE OF KENTUCKY AND HAD APPROXIMATELY 16,883 MEMBERS AS OF DECEMBER 2024. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE BOARD OF DIRECTORS IS NOMINATED FOR ELECTION TO A THREE YEAR TERM BY THE MEMBERS PRESENT AT THE ANNUAL MEETING HELD IN APRIL OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ANY MEMBER OF THE CREDIT UNION MAY ATTEND THE ANNUAL MEMBERS MEETING TO PRESENT ANY ITEM OF BUSINESS FOR CONSIDERATION FOR THE ENTIRE MEMBERSHIP INCLUDING A VOTE TO REVERSE PRIOR DECISIONS MADE BY THE GOVERNING BODY UPON OBTAINING A MAJORITY VOTE TO DO SO. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS OF THE CREDIT UNION ARE REQUIRED ANNUALLY TO DISCLOSE IN WRITING ON FORMS THAT THEY ARE NOT ENGAGED IN ANY RELATIONSHIPS CONSTITUTING A CONFLICT OF INTEREST WITH THE CREDIT UNION'S BUSINESS, WHICH FORMS ARE MAINTAINED WITH HUMAN RESOURCES, AND ARE MONITORED ON AN ONGOING BASIS BY THE SECURITY OFFICER. IF AND WHEN A CONFLICT DOES ARISE IT IS BROUGHT TO THE ATTENTION OF THE CEO AND BOARD OF DIRECTORS. THE SECURITY OFFICER BRINGS THE EXCEPTIONS TO THE ATTENTION OF STATE AND FEDERAL EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EVALUATES THE PERFORMANCE AND SALARY OF THE CEO ANNUALLY. THE BOARD ASSESSES THE PERFORMANCE AGAINST TARGETS ESTABLISHED IN THE PREVIOUS YEAR TO DETERMINE THE EXTENT TO WHICH GOALS WERE MET. FOR OTHER MANAGEMENT EMPLOYEES THE CREDIT UNION USES THE SERVICES OF AN EMPLOYMENT SPECIALIST TO DETERMINE PAY RANGES FOR EACH JOB POSITION. ANNUAL PERFORMANCE REVIEWS ARE CONDUCTED BY SUPERVISORS OF EACH EMPLOYEE TO DETERMINE THE EXTENT TO WHICH GOALS HAVE BEEN MET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CREDIT UNION'S INTERNALLY PREPARED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.