2024-11-12T14:02:52-06:00 2023-12-31 461498870 BMSS LLC 1121 RIVERCHASE OFFICE RD BIRMINGHAM AL 35244 990 2023-01-01 630333902 CREDIT UNIONS IN THE STATE OF AL LISTERHILL CREDIT UNION CRED 2563839204 PO BOX 566 SHEFFIELD AL 356600566 BRAD GREEN CEO/PRESIDENT 2563839204 2024-10-21 1 0 CHERION SIBLEY CPA P00090514 2059825500 2024-10-21 2023 2024-10-15 13:58:12Z BRAD GREEN PO BOX 566 SHEFFIELD AL 356600566 82079628 0 X WWW.LISTERHILL.COM X 1952 AL TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS. 7 7 316 12 82251 0 0 0 41807298 56039400 2425933 3791273 21574572 22225132 65807803 82055805 0 2500 0 0 26530997 30477752 0 0 0 31002817 53581111 57533814 84061363 8273989 -2005558 1315891880 1402871969 1233266879 1319817765 82625001 83054204 X LISTERHILL CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION WHOSE PURPOSE IS TO IMPROVE THE QUALITY OF LIFE FOR THE MEMBERSHIP BY PROVIDING COST EFFECTIVE SERVICES TO MEET THEIR FINANCIAL NEEDS WHILE MAINTAINING FINANCIAL SOUNDNESS AND PROMOTING THE CREDIT UNION PHILOSOPHY. 0 0 94,223 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 30672 0 1 316 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 0 1 1 1 1 1 1 1 1 0 X CARLA HARPER 2563839204 4790 EAST SECOND STREET MUSCLE SHOALS AL 35661 MARK LINDER CHAIRPERSON 1.00 X 0 0 0 MARK MASSEY DIRECTOR 1.00 X 0 0 0 KEVIN BUTTRUM DIRECTOR 1.00 X 0 0 0 LARRY HESTER DIRECTOR 1.00 X 0 0 0 ALEX GODWIN SECRETARY/TREASURER 1.00 X 0 0 0 BOB LITTLE VICE CHAIRPERSON 1.00 X 0 0 0 DAVID CRAIG DIRECTOR 1.00 X 0 0 0 BRAD GREEN CEO/PRESIDENT 40.00 X 631883 0 136572 JEREMY TERRY CHIEF PEOPLE STRATEGIST 40.00 X 227726 0 66887 AMANDA WARRINER CHIEF LEGAL AND RISK STRATEGIST 40.00 X 238719 0 57459 ALANNA SULLIVAN CHIEF OPERATIONS STRATEGIST 40.00 X 331307 0 66163 CARLA HARPER SVP ACCOUNTING 40.00 X 237223 0 65131 SCOTT LOVELACE CHIEF MARKET STRATEGIST 40.00 X 270502 0 62842 JOHNATHAN GRAY CHIEF INFORMATION AND TECHNOLOGY STRATEGI 40.00 X 239277 0 48263 DARYL MCMINN CHIEF LENDING STRATEGIST 40.00 X 279503 0 77558 CLAY MORGAN CHIEF FINANCIAL STRATEGIS 40.00 X 381241 0 97769 ABIGAIL GADDY CHIEF STRATEGY OFFICER 40.00 X 187283 0 61255 JEREMY WALTON AVP COMMERCIAL LENDING 40.00 X 198882 0 63955 CASEY BRENT NEILL MORTGAGE LOAN OFFICER 40.00 X 221168 0 67808 ANDREW CLARK SR. FINANCIAL ADVISOR 40.00 X 402035 0 100510 DEWANE F ECKL AVP COMMERCIAL LENDING 40.00 X 239331 0 56061 ROBERT MICHAEL MARKET DEVELOPMENT PRESIDENT 40.00 X 188660 0 53530 4274740 0 1081763 33 0 1 0 THE CONSECO GROUP 2601 WESTWOOD DR NASHVILLE TN 37204 CONSTRUCTION 2203133 APITURE 1805 TILBURON DR WILMINGTON NC 28403 MOBILE VENDOR 1030268 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE PROCESSOR 711589 DIAMOND COMMUNICATION SOLUTIONS 900 KIMBERLY DR CAROL STREAM IL 60188 MEMBER STATEMENTS 589205 CENNOX PO BOX 7048 GROUP 22 INDIANAPOLIS IN 46207 ATM'S 449770 27 LOAN INTEREST INCOME 522130 56039400 56039400 56039400 3772171 3772171 186975 186975 42925 23823 19102 19102 19102 INTERCHANGE ACCOUNT CHARGES 522130 8780931 8780931 CHECKING ACCOUNT FEES 522130 7296621 7296621 ACCOUNT, LOAN, AND INTERCHANGE FE 522130 5878354 5878354 82251 82251 22038157 82055805 77995306 82251 3978248 2500 3516025 15941457 9630572 1389698 280452 590732 1149245 978423 57581 962239 171209 35264 22448805 1747916 373225 OTHER OPERATING EXPENSE 8713244 DATA PROCESSING 7074246 PROVISION FOR LOAN LOSS 3784653 REPAIRS AND MAINTENANCE 1768025 3445852 84061363 40691278 39514829 12773688 95814525 448454 3192579 10534351 10534351 1046708808 1081647280 11532673 6180168 61469048 28021189 31486737 33447859 126591517 103460937 20556316 11457461 14568058 17621980 1315891880 1402871969 6905430 6348208 29000000 40000000 1197361449 1273469557 1233266879 1319817765 X 0 0 0 0 82625001 83054204 82625001 83054204 1315891880 1402871969 X -2005558 3068219 -633458 X X 0 0 0 6851930 6851930 34933055 9908345 25024710 258997 244046 14951 19425066 17868798 1556268 33447859 MEMBER DEPOSITS 1267413557 NONMEMBER DEPOSITS 6056000 1273469557 X X 1 1 0 BRAD GREEN CEO/PRESIDENT 631883 0 0 0 0 0 110981 0 25591 0 768455 0 0 0 ANDREW CLARK SR. FINANCIAL ADVISOR 402035 0 0 0 0 0 75460 0 25050 0 502545 0 0 0 CLAY MORGAN CHIEF FINANCIAL STRATEGIS 381241 0 0 0 0 0 72178 0 25591 0 479010 0 0 0 ALANNA SULLIVAN CHIEF OPERATIONS STRATEGIST 331307 0 0 0 0 0 64492 0 1671 0 397470 0 0 0 DARYL MCMINN CHIEF LENDING STRATEGIST 279503 0 0 0 0 0 51967 0 25591 0 357061 0 0 0 SCOTT LOVELACE CHIEF MARKET STRATEGIST 270502 0 0 0 0 0 52673 0 10169 0 333344 0 0 0 CARLA HARPER SVP ACCOUNTING 237223 0 0 0 0 0 46288 0 18843 0 302354 0 0 0 AMANDA WARRINER CHIEF LEGAL AND RISK STRATEGIST 238719 0 0 0 0 0 46522 0 10937 0 296178 0 0 0 DEWANE F ECKL AVP COMMERCIAL LENDING 239331 0 0 0 0 0 45124 0 10937 0 295392 0 0 0 JEREMY TERRY CHIEF PEOPLE STRATEGIST 227726 0 0 0 0 0 44634 0 22253 0 294613 0 0 0 CASEY BRENT NEILL MORTGAGE LOAN OFFICER 221168 0 0 0 0 0 43246 0 24562 0 288976 0 0 0 JOHNATHAN GRAY CHIEF INFORMATION AND TECHNOLOGY ST 239277 0 0 0 0 0 46592 0 1671 0 287540 0 0 0 JEREMY WALTON AVP COMMERCIAL LENDING 198882 0 0 0 0 0 38886 0 25069 0 262837 0 0 0 ABIGAIL GADDY CHIEF STRATEGY OFFICER 187283 0 0 0 0 0 36150 0 25105 0 248538 0 0 0 ROBERT MICHAEL MARKET DEVELOPMENT PRESIDENT 188660 0 0 0 0 0 31797 0 21733 0 242190 0 0 0 PART I, LINES 4A-B LINE 4A DESCRIPTION: SEVERANCE PAYMENTS MADE DURING 2023: SCOTT LOVELACE $106,450 ROBERT MICHAEL $ 65,345 PART I LINE 4B THE FOLLOWING EMPLOYEES PARTICIPATED IN THE NONQUALIFIED RETIREMENT PLAN: BRAD GREEN DARYL MCMINN CLAY MORGAN CARLA HARPER JOHNATHAN GRAY ALANNA SULLIVAN JOYCE BATES BRAD GREEN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 4592561 4592561 0 1 1 CLAY MORGAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 870832 870832 0 1 1 DARYL MCMINN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 453958 453958 0 1 1 ALANNA SULLIVAN OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 872000 872000 0 1 1 CARLA HARPER OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 646000 646000 0 1 1 JOYCE BATES OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 1500000 1500000 0 1 1 JONATHAN GRAY OFFICER COLLATERAL ASSIGNMENT SPLIT DOLLAR INSURANCE X 1599000 1599000 0 1 1 10534351 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE IN THE STATES OF ALABAMA, GEORGIA, MISSISSIPPI, FLORIDA, OR TENNESSEE. A PERSON CAN ALSO BECOME A MEMBER IF THEY ARE RELATED TO A CURRENT MEMBER OR IF THEY WORK FOR A MEMBER COMPANY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 10B WHILE THE CREDIT UNION DOES NOT HAVE A SPECIFIC WRITTEN POLICY FOR THE BRANCHES, ALL BRANCHES ARE HELD ACCOUNTABLE TO THE SAME POLICIES AS THE MAIN BRANCH. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. 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 AND DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. INDEPENDENTLY PREPARED REGIONAL SALARY SURVEYS ARE AVAILABLE FOR USE BY THE BOARD IN THE COMPENSATION DETERMINATION PROCESS. 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 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER PENSION ADJUSTMENT (OCI) 1,360,456. CECL IMPLEMENTATION -1,993,914. FORM 990, PART XII LINE 2 ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ASSOCIATION AND THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. THE CREDIT UNION'S SEPTEMBER 30TH FINANCIAL STATEMENTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2023 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). SECTION 1.263(A)-3(N) ELECTION CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION P.O. BOX 566 SHEFFIELD, AL 35660-0566 EMPLOYER IDENTIFICATION NUMBER: 63-0333902 FOR THE YEAR ENDING DECEMBER 31, 2023 CREDIT UNIONS IN THE STATE OF ALABAMA LISTERHILL CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N). LISTERHILL CREDIT UNION SERVICES INC PO BOX 566 SHEFFIELD AL 35660 201572421 CREDIT UNION SERVICES AL N/A C -2152 18713 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0