2024-04-10T12:46:21-04:00 2023-12-31 CU AUDIT & COMPLIANCE GROUP 3692 COOLIDGE CT TALLAHASSEE FL 323117890 990 2023-01-01 630306291 TVA COMMUNITY CREDIT UNION TVAC 2563863000 1405 SOUTH WILSON DAM ROAD MUSCLE SHOALS AL 35661 SAMMY CLEMENTS CEO 2563863000 2024-04-09 true SAMMY CLEMENTS 990009999 false AMANDA ONKST P02387288 2054372176 2024-04-10 2023 2023-04-26 12:10:37Z SAMMY CLEMENTS 1405 SOUTH WILSON DAM RD MUSCLE SHOALS AL 35661 15805515 false X WWW.TVACCU.COM X CREDIT UNION 1936 AL CREDIT UNION - TO PROVIDE FINANCIAL SERVICES TO MEMBERS. 9 9 108 12 96067 51158 0 7069079 8651127 4529807 6553578 514342 600810 12113228 15805515 0 0 3804028 2757022 0 0 5037906 7064774 8841934 9821796 3271294 5983719 393706380 406332778 371971860 370201610 21734520 36131168 CREDIT UNION - TO PROVIDE SERVICES FOR APPROXIMATELY 19,639 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES. false false 6473334 THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS. 3348462 THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS. 9821796 false false true false false false false false false true true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 6181 0 true 108 true true true false false false false false false false X 9 9 false false false false true true true true true false true true false true true true false true true false false AL X SAMMY CLEMENTS 2563863000 1405 SOUTH WILSON DAM RD MUSCLE SHOALS AL 35661 SAMMY CLEMENTS CEO 40.00 X 219354 0 45680 SHERRY VAUGHN CFO 40.00 X 91683 0 33018 JOHN ALLGOOD BOARD VICE C 1.00 X 0 0 0 TIMOTHY CORNELIUS BOARD MEMBER 1.00 X 0 0 0 CLAUDE EUBANKS JR BOARD MEMBER 1.00 X 0 0 0 JOAN MARSH BOARD MEMBER 1.00 X 0 0 0 LEWIS FREDERICK BOARD MEMBER 1.00 X 0 0 0 MARY J LIGON BOARD MEMBER 1.00 X 0 0 0 LARRY SOFTLEY BOARD CHAIR 1.00 X 0 0 0 JAMES JIM GREEN BOARD MEM 1.00 X 0 0 0 FRANCES WEATHERFORD SECRETARY/TR 1.00 X 0 0 0 JOHN SOILEAU SUPER COM CH 1.00 X 0 0 0 CAMERON KAY SUPERVISORY 1.00 X 0 0 0 COLANDRA NELSON SUPERVISORY 1.00 X 0 0 0 311037 78698 2 false true false INTEREST ON LOANS 522291 6847973 6847973 FEE INCOME 522100 1803154 1803154 8651127 6553578 6553578 OTHER OPERATING INCOME 525990 495867 495867 UBIT 525990 96067 96067 OTHER NON-OPERATING INCOME 12795 12795 -3919 -3919 600810 15805515 15709448 96067 2871600 2871600 397910 397910 578869 578869 -1091357 -1091357 800278 800278 536709 536709 22279 22279 3348462 3348462 158504 158504 LOAN SERVICING 996137 996137 PROF & OUTSIDE SERVICES 604680 604680 PROVISION FOR LOAN LOSS 339727 339727 MISC EXPENSE 116205 116205 141793 141793 9821796 0 9821796 0 27901358 34743379 3248000 1998000 114046738 134602705 845094 551183 13249718 6108291 7280184 7141427 235347776 222181104 5037230 5114980 393706380 406332778 853978 622624 371117882 369578986 371971860 370201610 X 38712749 44657549 -16978229 -8526381 21734520 36131168 393706380 406332778 X 5983719 8197777 215152 X false false false ACULAC 3692 COOLIDGE COURT TALLAHASSEE FL 32311 521681138 SCHEDULE C, PART IV SCHEDULE C, PART 1-A, LINE 1 CONTRIBUTION TO ACULAC 1796170 1796170 9018002 3912703 5105299 2435546 2195588 239958 7141427 ALL OTHER INVESTMENTS 221181104 C MEMBERSHIP CAPITAL & PIC 1000000 C 222181104 REGULAR SHARES 157534744 ALL OTHER SHARES 144599662 SHARE DRAFTS 67433170 ACL - OFF BS CREDIT EXPOSURE 11410 369578986 false false false SAMMY CLEMENTS CEO 168752 50602 45680 265034 FORM 990, PAGE 1, PART I, LINE 6 HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR. FORM 990, PAGE 6, PART VI, LINE 7B SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO BEFORE FILING. THE FORM 990 IS AVAILABLE TO THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE BOARD COMMITTEE REVIEWS AND MAKES RECOMMENDATIONS TO BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH. FORM 990, PART XI, LINE 9 OTHER COMPREHENSIVE INCOME 254,071 DUE TO ROUNDING 1 OTHER COMPREHENSIVE INCOME 0 ADJUSTMENT - CECL -38,920 TOTAL 215,152