TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201811289349302341 - Submission: 2018-05-08 TIN: 58-1256173

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

Health Center Credit Union

Employer identification number

58-1256173

Return Reference	Explanation
Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder	HEALTH CENTER CREDIT UNION IS A STATE CHARTED CREDIT UNION. EVERY CUSTOMER WHO HAS A SAVINGS ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER OF THE ORGANIZATION. EVERY MEMBER HAS ONE VOTE. MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY. MAJOR DECISIONS INVOLVING CONVERSION OR MERGER OF CREDIT UNION CHARTER NEEDS TO BE APPROVED BY THE MEMBERS.
Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body	MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY.
Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders	ANY MAJOR DECISION INVOLVING CONVERSION OR MERGER OF CREDIT UNION CHARTER NEEDS TO BE APPROVED BY THE MEMBERS.
Form 990, Part VI, Line 11b: Form 990 Review Process	COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL PRIOR TO FILING.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts	THE CREDIT UNION MAINTAINS GUIDELINES FOR RELATED PARTY TRANSACTIONS. THE AGENCY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH REQUIRING EMPLOYEES, MANAGEMENT, AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ON A REGULAR BASIS.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management	THE PRESIDENT'S COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE CHAIRMAN OF THE BOARD.ALSO, ANNUAL REVIEWS ARE CONDUCTED CREDIT UNION WIDE DURING THE FIRST QUARTER OF THE YEAR. AS A DEPARTMENT OF THE UNIVERSITY SYSTEM OF GEORGIA, MERIT INCREASE RANGES ARE DETERMINED BY THE BOARD OF REGENTS. ANNUAL MERIT INCREASES IN EACH DEPARTMENT ARE DETERMINED BY THE DEPARTMENT MANAGER (CREDIT UNION CEO AND ALCO CHAIR).
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	OTHER OFFICERS' COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE PRESIDENT.
Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection	FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE DISPLAYED IN EACH OF THE CREDIT UNION'S BRANCHES. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE DISPLAYED IN EACH OF THE CREDIT UNION'S BRANCHES. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
Form 990, Part IX, Line 24e: Other Expenses	ANNUAL MEETING EXPENSE: Column (A) - Total = $800; Column (B) - Program Services = $800; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	ASSOCIATION DUES: Column (A) - Total = $19940; Column (B) - Program Services = $19940; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	BANK SERVICE CHARGES: Column (A) - Total = $2551; Column (B) - Program Services = $2551; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	BOARD MEETING EXPENSE: Column (A) - Total = $2808; Column (B) - Program Services = $2808; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	BOND PREMIUM: Column (A) - Total = $39682; Column (B) - Program Services = $39682; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	CASH OVER/SHORT: Column (A) - Total = $1; Column (B) - Program Services = $1; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	CITY TAXES: Column (A) - Total = $21283; Column (B) - Program Services = $21283; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	COL CTY PROPERTY TAXES: Column (A) - Total = $28447; Column (B) - Program Services = $28447; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	COMMUNICATION EXPENSES: Column (A) - Total = $59294; Column (B) - Program Services = $59294; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	CU VEHICLE EXPENSE: Column (A) - Total = $1107; Column (B) - Program Services = $1107; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	CURRENCY COURIER EXPENSE: Column (A) - Total = $3930; Column (B) - Program Services = $3930; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	D/P EQUIPMENT & SOFTWARE: Column (A) - Total = $3554; Column (B) - Program Services = $3554; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	DELUXE PROVENT EXPENSE: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	DIVIDENDS PAID: Column (A) - Total = $70606; Column (B) - Program Services = $70606; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	EDUCATION EXPENSE: Column (A) - Total = $13969; Column (B) - Program Services = $13969; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	EQUIPMENT MAINTENANCE: Column (A) - Total = $17762; Column (B) - Program Services = $17762; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	EQUIPMENT REPAIR: Column (A) - Total = $386; Column (B) - Program Services = $386; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	FRAUD CHARGE OFFS: Column (A) - Total = $6488; Column (B) - Program Services = $6488; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	LOAN SERVICING EXPENSES: Column (A) - Total = $31718; Column (B) - Program Services = $31718; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	LOSS ON INVESTMENT: Column (A) - Total = $30871; Column (B) - Program Services = $30871; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MGR & STAFF EXPENSE: Column (A) - Total = $18522; Column (B) - Program Services = $18522; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MISC LOSS ON SALE: Column (A) - Total = $19897; Column (B) - Program Services = $19897; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	MISCELLANEOUS: Column (A) - Total = $-508; Column (B) - Program Services = $-508; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	Postage and Shipping: Column (A) - Total = $9229; Column (B) - Program Services = $9229; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	PROPERTY TAX-OWNED REAL EST: Column (A) - Total = $3148; Column (B) - Program Services = $3148; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	RECORDS STORAGE: Column (A) - Total = $8125; Column (B) - Program Services = $8125; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	RENTAL EXPENSES-OWNED REAL EST: Column (A) - Total = $25859; Column (B) - Program Services = $25859; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	UTILITIES-OWNED REAL EST: Column (A) - Total = $225; Column (B) - Program Services = $225; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e: Other Expenses	VISA CARD EXPENSES: Column (A) - Total = $59585; Column (B) - Program Services = $59585; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Other Changes In Net Assets Or Fund Balances - Other Increases	SHARE EQUITY INCREASE = $512691

Return Reference

Explanation

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

HEALTH CENTER CREDIT UNION IS A STATE CHARTED CREDIT UNION. EVERY CUSTOMER WHO HAS A SAVINGS ACCOUNT WITH THE CREDIT UNION IS CONSIDERED A MEMBER OF THE ORGANIZATION. EVERY MEMBER HAS ONE VOTE. MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY. MAJOR DECISIONS INVOLVING CONVERSION OR MERGER OF CREDIT UNION CHARTER NEEDS TO BE APPROVED BY THE MEMBERS.

Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body

MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY.

Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders

ANY MAJOR DECISION INVOLVING CONVERSION OR MERGER OF CREDIT UNION CHARTER NEEDS TO BE APPROVED BY THE MEMBERS.

Form 990, Part VI, Line 11b: Form 990 Review Process

COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL PRIOR TO FILING.

Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts

THE CREDIT UNION MAINTAINS GUIDELINES FOR RELATED PARTY TRANSACTIONS. THE AGENCY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH REQUIRING EMPLOYEES, MANAGEMENT, AND DIRECTORS TO DISCLOSE CONFLICTS OF INTEREST ON A REGULAR BASIS.

Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management

THE PRESIDENT'S COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE CHAIRMAN OF THE BOARD.ALSO, ANNUAL REVIEWS ARE CONDUCTED CREDIT UNION WIDE DURING THE FIRST QUARTER OF THE YEAR. AS A DEPARTMENT OF THE UNIVERSITY SYSTEM OF GEORGIA, MERIT INCREASE RANGES ARE DETERMINED BY THE BOARD OF REGENTS. ANNUAL MERIT INCREASES IN EACH DEPARTMENT ARE DETERMINED BY THE DEPARTMENT MANAGER (CREDIT UNION CEO AND ALCO CHAIR).

Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

OTHER OFFICERS' COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE PRESIDENT.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE DISPLAYED IN EACH OF THE CREDIT UNION'S BRANCHES. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ARE DISPLAYED IN EACH OF THE CREDIT UNION'S BRANCHES. OTHER GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.