TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202343059349303104 - Submission: 2023-11-01 TIN: 58-1256173

SCHEDULE O
(Form 990)

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.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

Health Center Credit Union

Employer identification number

58-1256173

Return Reference	Explanation
Form 990, Part VI, Section A, Line 6	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, Section A, Line 7a	MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY.
Form 990, Part VI, Section A, Line 7b	ANY MAJOR DECISION INVOLVING CONVERSION OR MERGER OF CREDIT UNION CHARTER NEEDS TO BE APPROVED BY THE MEMBERS.
Form 990, Part VI, Section B, Line 11b	COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL PRIOR TO FILING.
Form 990, Part VI, Section B, Line 12c	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, Section B, Line 15a	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, Section B, Line 15b	OTHER OFFICERS' COMPENSATION IS DETERMINED BY AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE PRESIDENT.
Form 990, Part VI, Section C, Line 18	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, Section C, Line 19	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	ASSOCIATION DUES: Column (A) - Total = $15756; Column (B) - Program Services = $15756; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	BANK SERVICE CHARGES: Column (A) - Total = $14973; Column (B) - Program Services = $14973; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	BOARD MEETING EXPENSE: Column (A) - Total = $1628; Column (B) - Program Services = $1628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	BOND PREMIUM: Column (A) - Total = $35718; Column (B) - Program Services = $35718; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	CASH OVER/SHORT: Column (A) - Total = $134; Column (B) - Program Services = $134; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	CITY TAXES: Column (A) - Total = $22000; Column (B) - Program Services = $22000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	COL CTY PROPERTY TAXES: Column (A) - Total = $22000; Column (B) - Program Services = $22000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	COMMUNICATION EXPENSES: Column (A) - Total = $40116; Column (B) - Program Services = $40116; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	CU VEHICLE EXPENSE: Column (A) - Total = $5510; Column (B) - Program Services = $5510; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	CURRENCY COURIER EXPENSE: Column (A) - Total = $4833; Column (B) - Program Services = $4833; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	D/P EQUIPMENT & SOFTWARE: Column (A) - Total = $7756; Column (B) - Program Services = $7756; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	DIVIDENDS PAID: Column (A) - Total = $46290; Column (B) - Program Services = $46290; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	EDUCATION EXPENSE: Column (A) - Total = $16821; Column (B) - Program Services = $16821; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	EQUIPMENT MAINTENANCE: Column (A) - Total = $25046; Column (B) - Program Services = $25046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	FRAUD CHARGE OFFS: Column (A) - Total = $2017; Column (B) - Program Services = $2017; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	LOAN SERVICING EXPENSES: Column (A) - Total = $49655; Column (B) - Program Services = $49655; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	MGR & STAFF EXPENSE: Column (A) - Total = $29804; Column (B) - Program Services = $29804; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	MISCELLANEOUS: Column (A) - Total = $25788; Column (B) - Program Services = $25788; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	Postage and Shipping: Column (A) - Total = $20624; Column (B) - Program Services = $20624; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	RECORDS STORAGE: Column (A) - Total = $9465; Column (B) - Program Services = $9465; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part IX, Line 24e	VISA CARD EXPENSES: Column (A) - Total = $51143; Column (B) - Program Services = $51143; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
Form 990, Part XI, Line 9	Net K-1 Income on Return, not on F/S = -$124168
Form 990, Part XI, Line 9	SHARE EQUITY DECREASE = -$744987

Return Reference

Explanation

Form 990, Part VI, Section A, Line 6

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, Section A, Line 7a

MEMBERS CAN ELECT BOARD MEMBERS OF THE GOVERNING BODY.

Form 990, Part VI, Section A, Line 7b

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

Form 990, Part VI, Section B, Line 11b

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

Form 990, Part VI, Section B, Line 12c

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, Section B, Line 15a

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, Section B, Line 15b

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

Form 990, Part VI, Section C, Line 18

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, Section C, Line 19

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

ASSOCIATION DUES: Column (A) - Total = $15756; Column (B) - Program Services = $15756; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

BANK SERVICE CHARGES: Column (A) - Total = $14973; Column (B) - Program Services = $14973; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

BOARD MEETING EXPENSE: Column (A) - Total = $1628; Column (B) - Program Services = $1628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

BOND PREMIUM: Column (A) - Total = $35718; Column (B) - Program Services = $35718; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

CASH OVER/SHORT: Column (A) - Total = $134; Column (B) - Program Services = $134; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

CITY TAXES: Column (A) - Total = $22000; Column (B) - Program Services = $22000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

COL CTY PROPERTY TAXES: Column (A) - Total = $22000; Column (B) - Program Services = $22000; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

COMMUNICATION EXPENSES: Column (A) - Total = $40116; Column (B) - Program Services = $40116; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

CU VEHICLE EXPENSE: Column (A) - Total = $5510; Column (B) - Program Services = $5510; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

CURRENCY COURIER EXPENSE: Column (A) - Total = $4833; Column (B) - Program Services = $4833; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

D/P EQUIPMENT & SOFTWARE: Column (A) - Total = $7756; Column (B) - Program Services = $7756; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

DIVIDENDS PAID: Column (A) - Total = $46290; Column (B) - Program Services = $46290; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

EDUCATION EXPENSE: Column (A) - Total = $16821; Column (B) - Program Services = $16821; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

EQUIPMENT MAINTENANCE: Column (A) - Total = $25046; Column (B) - Program Services = $25046; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

FRAUD CHARGE OFFS: Column (A) - Total = $2017; Column (B) - Program Services = $2017; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

LOAN SERVICING EXPENSES: Column (A) - Total = $49655; Column (B) - Program Services = $49655; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

MGR & STAFF EXPENSE: Column (A) - Total = $29804; Column (B) - Program Services = $29804; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

MISCELLANEOUS: Column (A) - Total = $25788; Column (B) - Program Services = $25788; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

Postage and Shipping: Column (A) - Total = $20624; Column (B) - Program Services = $20624; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

RECORDS STORAGE: Column (A) - Total = $9465; Column (B) - Program Services = $9465; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24e

VISA CARD EXPENSES: Column (A) - Total = $51143; Column (B) - Program Services = $51143; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part XI, Line 9

Net K-1 Income on Return, not on F/S = -$124168

Form 990, Part XI, Line 9

SHARE EQUITY DECREASE = -$744987

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

Software ID:	22015553
Software Version:	2022v5.0