2025-05-29T10:49:46-05:00 2024-12-31 630813240 PEARCE BEVILL LEESBURG MOORE PC 110 OFFICE PARK DR BIRMINGHAM AL 35223 990 2024-01-01 630346919 FORT MCCLELLAN CREDIT UNION FORT 2562372113 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 ANGELA SMITH CEO 2562372113 2025-05-29 1 0 W GLENN BRIDGES JR CPA P00519867 2053235440 2025-05-29 2024 2025-03-06 01:10:19Z ANGELA SMITH 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 10945702 0 X WWW.FORTMCCLELLANCU.ORG X STATE CHARTERED COOPERATIVE CREDIT U 1953 AL COOPERATIVE CREDIT UNION 9 9 75 12 133539 0 0 0 10075031 10945702 0 0 0 0 10075031 10945702 0 0 0 0 3654356 3529079 0 0 0 7193147 8087372 10847503 11616451 -772472 -670749 234158502 219592573 217675633 202515016 16482869 17077557 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 11616451 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, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 15,477 MEMBERS. 11616451 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 0 0 1 0 0 0 0 1 0 1 0 0 1 2777 0 1 75 1 1 1 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X X ANGELA SMITH 2562372113 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 JOSPEH ROBERTSON RETIRED 2024 DIRECTOR 2.50 X 0 0 0 KENNETH JOINER BOARD VICE CHAIRPERSON 2.50 X 0 0 0 DARRELL WALDRUP RETIRED 2024 DIRECTOR 2.50 X 0 0 0 SUSAN TRAMMELL BOARD SECRETARY, TREASURER 2.50 X 0 0 0 LOIDA CARTER DIRECTOR 2.50 X 0 0 0 JEFF LEONARD DIRECTOR 2.50 X 0 0 0 KYLE MEDDERS RETIRED 2024 DIRECTOR 2.50 X 0 0 0 KIM MCCARSON DIRECTOR 2.50 X 0 0 0 VAN ROBERTS BOARD CHAIRPERSON 2.50 X 0 0 0 PAMELA ROBERTSON RETIRED 2024 SUPERVISORY COMMITTEE MEMB 2.50 X 0 0 0 JONATHON BOBO SUPERVISORY COMMITTEE CHAIR 2.50 X 0 0 0 SONYA HEATHCOCK SUPERVISORY COMMITTEE MEMB 2.50 X 0 0 0 MICHAEL MCDERMOTT RETIRED 2024 SUPERVISORY COMMITTEE MEMB 2.50 X 0 0 0 ZACH VAN GIESON SUPERVISORY COMMITTEE MEMB 2.50 X 0 0 0 ANN RAINEY DIRECTOR 2.50 X 0 0 0 ALLEN SKELTON BOARD CHAIRPERSON 2.50 X 0 0 0 CAROL DAVIDSON DIRECTOR 2.50 X 0 0 0 ANGELA SMITH CHIEF EXECUTIVE OFFICER 40.00 X 168892 0 25081 JOHN TERRANO CHIEF OPERATING OFFICER/HR 40.00 X 143452 0 21866 TRENT BARNETT CHIEF FINANCIAL OFFICER 40.00 X 138000 0 12928 CHRISTIN GLANZE SVP COMPLIANCE 40.00 X 93379 0 12902 543723 0 72777 3 0 1 0 0 LOAN INTEREST INCOME 522130 6014126 6014126 INVESTMENT INCOME 522130 2735659 2735659 FINANCIAL SERVICES INCOME 522130 2195917 2062378 133539 10945702 10945702 10812163 133539 0 X 616500 616500 2483135 2483135 63602 63602 138223 138223 227619 227619 26934 26934 97028 97028 1793490 1793490 137544 137544 463890 463890 455739 455739 37469 37469 715979 715979 617489 617489 174939 174939 MEMBER SHARE DIVIDENDS 2779660 2779660 COST OF FINANCIAL SERVI 414511 414511 PROVISION FOR LOAN LOSS 339446 339446 ASSOCIATION DUES AND SU 33254 33254 11616451 11616451 0 0 2268122 1033962 14830224 16593245 251392 259521 101876543 95699177 193875 246014 18491930 4254536 14813952 14237394 94837232 86017386 5087162 5505874 234158502 219592573 1513694 2222352 216161939 200292664 217675633 202515016 X 0 0 0 0 16482869 17077557 16482869 17077557 234158502 219592573 X -670749 700665 564772 X 0 0 0 2693400 2693400 13162544 2720833 10441711 2562041 1533703 1028338 73945 73945 14237394 AFS SECURITIES 78267698 C CERTIFICATE OF DEPOSITS IN OTHER FINANCIAL INSTITUTIONS 1500000 C OTHER INVESTMENTS 2075775 C CAPITAL DEPOSITS IN CORPORATE CREDIT UNIONS 4173913 C 86017386 MEMBER DEPOSITS 200125414 ACCRUED INTEREST/DIVIDENDS PAYABLE 167250 200292664 X X X X X 0 0 0 ANGELA SMITH CHIEF EXECUTIVE OFFICER 167192 0 400 0 1300 0 18623 0 6458 0 193973 0 0 0 JOHN TERRANO CHIEF OPERATING OFFICER/HR 141752 0 400 0 1300 0 15444 0 6422 0 165318 0 0 0 TRENT BARNETT CHIEF FINANCIAL OFFICER 136300 0 400 0 1300 0 0 0 12928 0 150928 0 0 0 CHRISTIN GLANZE SVP COMPLIANCE 91679 0 400 0 1300 0 6752 0 6150 0 106281 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 10644 0 1 1 ANGELA SMITH CEO I4 - RE FIXED 1ST 15YR X 140000 105190 0 1 1 ANGELA SMITH CEO H3 - RV X 34500 18303 0 1 1 ANGELA SMITH CEO F1 - USED AUTO X 48070 29023 0 1 1 JOHN TERRANO COO E1 - NEW AUTO X 31999 13263 0 1 1 ANGELA SMITH CEO F1 - USED AUTO X 12895 1951 0 1 1 CHRISTIN GLANZE SVP COMPLIANCE F1 - USED AUTO X 38647 21240 0 1 1 ANGELA SMITH CEO J3 - HELOC X 41757 41433 0 1 1 TRENT BARNETT CFO D2 - LOC X 19003 18474 0 1 1 259521 MICHAEL MCDERMOTT SUPERVISORY COMMITTEE MEMBER MICHAEL MCDERMOTT IS THE OWNER OF WE SANI-TYZE, A COMMERCIAL SANITIZING AND CLEANING COMPANY IN CALHOUN COUNTY, ALABAMA. IN ITS NORMAL COURSE OF BUSINESS, FORT MCCLELLAN CREDIT UNION CONTRACTED WITH THIS COMPANY FOR CLEANING AND SANITIZING SERVICES IN 2023. 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 MEMBER IS THE UNCLE OF SUPERVISORY COMMITTEE MEMBER PAMELA ROBERTSON. 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, 2024, THE CREDIT UNION HAD MEMBERSHIP AND PROVIDED SERVICES TO APPROXIMATELY 15,477 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 15A 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 1,793,490. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,793,490. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 564,772. LLCU REAL ESTATE LLC 1010 GOLDEN SPRINGS ROAD ANNISTON AL 36207 881303536 HOLDING AND RENTING COMMERCIAL REAL ESTATE AL 48000 1491629 FORT MCCLELLAN CREDIT UNION