LANDMARK CREDIT UNION

Address
5705 VALLEY ROAD/PO BOX 150
FAIRFIELD, AL 35064
Contact
Website: http://www.landmarkcu.net
Phone: +1 (205) 783-9100
Nonprofit
NTEE: W61 - Credit Unions
EIN: 63-0207455

Mission

LANDMARK CREDIT UNION IS AN ALABAMA STATE-CHARTERED CREDIT UNION ESTABLISHED FOR THE TWOFOLD PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS AND CREATING A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. LANDMARK SERVES MEMBERS WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION PROVIDES SERVICES TO APPROXIMATELY 3,800 MEMBERS.
 20162015201420132012
Basic features of the organization
Year of formation1928
Subsection code14
PF filing required0    
Metropolitan statistical area1000
Form of organization
Other form of orgTrue
Description of other form of orgSTATE-CHARTERED CREDIT UNION
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$422,477.00$398,576.00$389,055.00$291,234.00$262,366.00
Sum of reportable (W2/1099) compensation$292,175.00$280,100.00$267,179.00$264,552.00$250,366.00
Number of employees1919212526
Number of people compensated >$100k11111
Number of volunteers1012999
Number of highly compensated contractors0000 
Personnel
Chatham, Ron
TitleVP LENDINGVP LENDINGVP LENDING  
Name of key/compensated personRON CHATHAMRON CHATHAMRON CHATHAM  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org50.0050.0040.00  
Reportable compensation from org$69,105.00$66,228.00$61,945.00  
Other comp, non-reportable, from org and related orgs$21,784.00$20,125.00$20,161.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Chattham, Ron
Title   V.P LENDINGV.P LENDING
Name of key/compensated person   RON CHATTHAMRON CHATTHAM
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org   40.0050.00
Reportable compensation from org   $59,560.00$55,301.00
Other comp, non-reportable, from org and related orgs   $11,172.00$1,800.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Culpepper, Edgar
Title   SUPERVISORY COMMITTEE MEMBSUPERVISORY COMMITTEE MEMB
Name of key/compensated person   EDGAR CULPEPPEREDGAR CULPEPPER
Position of compensated person
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Ferrell, Hal
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personHAL FERRELLHAL FERRELLHAL FERRELLHAL FERRELLHAL FERRELL
Position of compensated person
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hill, Dow
TitlePRESIDENT/CEOPRESIDENT/CEOPRESIDENT/CEOPRESDENT/CEOPRESDENT/CEO
Name of key/compensated personDOW HILLDOW HILLDOW HILLDOW HILLDOW HILL
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org50.0050.0040.0040.0050.00
Reportable compensation from org$138,156.00$131,886.00$128,609.00$127,395.00$117,900.00
Other comp, non-reportable, from org and related orgs$56,245.00$50,725.00$55,490.00$11,172.00$8,400.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hodnet, John
Title   DIRECTORDIRECTOR
Name of key/compensated person   JOHN HODNETJOHN HODNET
Position of compensated person
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Hodnett, John
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJOHN HODNETT JRJOHN HODNETT JRJOHN HODNETT JR  
Position of compensated person
Average hours per week working for org0.500.500.50  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kantor, Carl
TitleSECRETARYSECRETARYSECRETARYDIRECTORDIRECTOR
Name of key/compensated personCARL KANTORCARL KANTORCARL KANTORCARL KANTORCARL KANTOR
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Piasky, Henry
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personHENRY PIASKYHENRY PIASKYHENRY PIASKYHENRY PIASKYHENRY PIASKY
Position of compensated person
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Rackard, Deb
TitleCOOCOOCOOCOOCOO
Name of key/compensated personDEB RACKARDDEB RACKARDDEB RACKARDDEB RACKARDDEB RACKARD
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org50.0050.0040.0040.0050.00
Reportable compensation from org$84,914.00$81,986.00$76,625.00$77,597.00$77,165.00
Other comp, non-reportable, from org and related orgs$52,273.00$47,626.00$46,225.00$4,338.00$1,800.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Shealy, Richard
TitleCHAIRMANCHAIRMANCHAIRMANDIRECTORDIRECTOR
Name of key/compensated personRICHARD SHEALY JRRICHARD SHEALY JRRICHARD SHEALY JRRICHARD SHEALYRICHARD SHEALY
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Wall, Frank
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personFRANK WALLFRANK WALLFRANK WALLFRANK WALLFRANK WALL
Position of compensated person
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Weiskopf, Alex
Title   SUPERVISORY COMMITTEE MEMBSUPERVISORY COMMITTEE MEMB
Name of key/compensated person   ALEX WEISKOPFALEX WEISKOPF
Position of compensated person
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Wyatt, Wallace
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personWALLACE WYATT JRWALLACE WYATT JRWALLACE WYATT JRWALLACE WYATTWALLACE WYATT
Position of compensated person
Average hours per week working for org0.500.500.500.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS.TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS.TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERS.COOPERATIVE CREDIT UNIONCOOPERATIVE CREDIT UNION
Program service expenses, total   $2,998,091.00$4,836,255.00
Programs, including revenue & expenses
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. LANDMARK CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2013, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 4,300 MEMBERS.
Program expenses   $2,998,091.00$4,836,255.00
Program description   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. LANDMARK CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2013, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 4,300 MEMBERS.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. LANDMARK CREDIT UNION, AN ALABAMA STATE CHARTERED CREDIT UNION, WAS ESTABLISHED TO PROVIDE A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, WHO RESIDE, WORK, ATTEND SCHOOL, OR WORSHIP IN ANY AREA WEST OF I-65, SAINT CLAIR COUNTY, CITY OF LINCOLN, AND CITY OF TALLADEGA. THE CREDIT UNION'S FIELD OF MEMBERSHIP ALSO INCLUDES SELECTED EMPLOYEE GROUPS AND INDIVIDUALS THAT RESIDE IN THESE COUNTIES. AS OF DECEMBER 31, 2012, THE CREDIT UNION PROVIDED SERVICES TO APPROXIMATELY 4,600 MEMBERS.
IN EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, LANDMARK PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.
Program descriptionIN EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, LANDMARK PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.IN EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, LANDMARK PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.IN EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, LANDMARK PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, AND CERTIFICATE OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS ACCOUNTS.  
TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, LANDMARK PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.
Program descriptionTO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, LANDMARK PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, LANDMARK PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, LANDMARK PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER, REAL ESTATE, AND BUSINESS LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.  
Financial data
Revenue
Total revenue$2,472,849.00$2,570,424.00$2,719,760.00$3,179,311.00$3,619,473.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$176,647.00$186,398.00$149,526.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$21,645.00$20,991.00$23,843.00$28,649.00$26,417.00
Other revenue, current yr$13,212.00-$12,764.00-$58,683.00$0.00$0.00
Net unrelated business taxable revenue-$5,975.00-$2,989.00-$4,611.00$0.00-$11,915.00
Program service revenue (total)$2,282,990.00$2,396,790.00$2,628,917.00$3,179,311.00$3,619,473.00
Gross receipts$6,592,656.00$7,607,372.00$2,719,760.00$3,179,311.00$3,619,473.00
Other types of revenue
Miscellaneous revenue (total)$13,212.00-$12,764.00-$58,683.00  
Income from dividends, interest, and similar investments$153,115.00$145,170.00$149,526.00  
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,302,829.00$2,273,669.00$2,530,622.00$2,998,091.00$4,836,255.00
Fees for services
Legal fees (total)$8,348.00$7,822.00$15,059.00  
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$41,925,302.00$44,540,360.00$44,838,689.00$46,494,767.00$51,259,103.00
Total assets, beginning of year$44,540,360.00$44,838,689.00$46,494,767.00$51,259,103.00$55,204,757.00
Total liabilities$37,245,888.00$39,721,563.00$40,137,896.00$42,331,097.00$46,875,262.00
Total liabilities, beginning of year$39,721,563.00$40,137,896.00$42,331,097.00$46,875,262.00$49,406,682.00
Net assets$4,679,414.00$4,818,797.00$4,700,793.00$4,163,670.00$4,383,841.00
Net assets, beginning of year$4,818,797.00$4,700,793.00$4,163,670.00$4,383,841.00$5,798,075.00
Other liabilities$37,017,340.00$39,541,527.00$39,971,291.00$42,158,022.00$46,224,741.00
Other assets$978,951.00$1,024,845.00$1,143,048.00$1,239,847.00$1,488,471.00
Investments: publicly traded securities$7,139,660.00$9,521,945.00$10,213,796.00  
Cash: non-interest bearing$488,658.00$539,288.00$716,449.00$832,817.00$549,723.00
Cash: non-interest bearing, beginning of year$539,288.00$716,449.00$832,817.00$549,723.00$492,089.00
Investments -- program-related   $10,695,887.00$10,694,528.00
Other financial variables
Revenue less expenses$170,020.00$296,755.00$189,138.00$181,220.00-$1,216,782.00
Advertising (total)$47,201.00$36,436.00$31,577.00$45,731.00$33,777.00
Savings & temp cash investment$3,061,020.00$3,679,333.00$2,845,920.00$2,039,422.00$3,455,540.00
Prepaid expenses & deferred charges$624,228.00$443,301.00$230,501.00$176,644.00$31,290.00
Accounts payable & accrued expenses$228,548.00$180,036.00$166,605.00$173,075.00$650,521.00
Total net assets or fund balances$4,679,414.00$4,818,797.00$4,700,793.00$4,163,670.00$4,383,841.00
Depreciation, depletion, amortization$59,568.00$67,796.00$63,547.00$20,397.00$53,833.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-032017-01-182016-02-182014-10-092013-08-14
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201723199349307747201632809349300913201533209349303698201401349349304320201331359349302313
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