Civic Intelligence

United 1St Credit Union

EIN 58-0597777 • 501(c)14 • Kingsland, GA

Profile

To provide services for members of the credit union in the form of loans, savings, and other financial services.

162 N Gross RoadKingsland, GA 31548

www.united1st-cu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

91st percentile

$218,072

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Revenue

$7,368,829

No earlier filing loaded for comparison.

Expenses

$8,888,129

No earlier filing loaded for comparison.

Net Income

-$1,519,300

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$0Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2022: $7,368,829Expenses 2022: $8,888,129Net Income 2022: -$1,519,3002022

Highlighted filing

2022

Revenue$7,368,829
Expenses$8,888,129
Net Income-$1,519,300

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$7.37$8.89$1.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Jun 30, 2022
Signed
Jun 1, 2023
Return Version
2022v5.0
Gross Receipts
$7,396,339
Mission and Program Overview

Mission

To provide services for members of the credit union in the form of loans, savings, and other financial services.

To provide financial services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$125,501,497$0▼ $125,501,497
Investments Other Securities$62,092,982$0▼ $62,092,982
Cash and Non-Interest-Bearing Accounts$33,282,105$0▼ $33,282,105
Rtn Earn Endowment Incm Other Fnds$20,044,561$0▼ $20,044,561
Prepaid Expenses and Deferred Charges$10,225,552$0▼ $10,225,552
Land, Buildings, and Equipment, Net$6,163,395$0▼ $6,163,395
Savings and Temporary Cash Investments$2,388,348$0▼ $2,388,348
Cap Stk Tr Prin Current Funds$2,203,080$0▼ $2,203,080
Intangible Assets$381,053$0▼ $381,053
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Inventories for Sale or Use-$0-
Total Assets$242,643,097$0▼ $242,643,097
Other Assets Total$2,608,165$0▼ $2,608,165
Liabilities
Other Liabilities$216,951,642--
Accounts Payable and Accrued Expenses$3,443,814--
Total Liabilities$220,395,456$0▼ $220,395,456
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,247,641$0▼ $22,247,641
Total Liabilities and Net Assets / Fund Balance$242,643,097$0▼ $242,643,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick ConnPresident/CEOFT$135,510$82,562$218,072
Jack YarboroughCEO SuccessorFT$97,938$3,746$101,684
Jonathan BurgosCFOFT$62,812$3,668$66,480

Board Members and Trustees

NameTitle
Malcom FullerBoard Chairperson
Mark StewartBoard Vice Chairperson
Gordon PhillipsBoard Member
Virginia Dickey CaldwellBoard Member
Yvonne HawkinsBoard Member
Horace LowmanBoard Secretary
Charlene RoseBoard Treasurer/supervisory
Deborah StewartSupervisory Committee Member
John BraswellSupervisory Committee Member
Kevin SmileySupervisory Committee Member
Paul LentzSupervisory Committee Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,065,207
Investment Income
$812,912
Other Revenue
$490,710
Change in Net Assets
$-1,519,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,282,472
Salaries, Compensation, and Employee Benefits$2,605,657
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,755,493
Office Expenses---$1,187,484
Current Officers, Directors, Trustees, and Key Employees---$386,236
Occupancy---$375,131
All Other Expenses---$189,442
Other Employee Benefits---$186,891
Other Expenses---$178,332
Payroll Taxes---$172,536
Interest---$144,351
Pension Plan Contributions---$104,501
Travel---$67,263
Total Functional Expenses$0$0$0$8,888,129
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

United 1st credit union merged its assets into georgia's own credit union effective july 1, 2022. Credit union deposit and lending services for the former members will continue under georgia's own credit union.

Form 990, Part VI, Section A, Line 6

The credit union is owned by its members.

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

Certain decisions made by the board of directors are affirmed by the members. During 2022, united 1st credit union members voted on becoming part of georgia's own credit union. United 1st credit union members overwhelmingly approved the merger.

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

The form 990 is reviewed by management. The form 990 is available for review by the board of directors upon request.

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

The board of directors monitor and enforce the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

Compensation process for top official: cuna and cues surveys are reviewed by the cep review committee and they make a recommendation to the board. The board has final approval, the package document is signed by the chairs of the committee and the board.

Form 990, Part VI, Section C, Line 19

Final financial statements are posted in the credit union lobby by the 15th of the subsequent month. Governing documents and the conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
United 1st Credit Union
EIN
58-0597777
Phone
9125103710
Address
162 N GROSS ROAD, KINGSLAND, GA 31548

Signing Officer

Name
Jonathan Burgos
Title
CFO
Phone
9125103710
Signed
2023-06-01

Organization Details

Principal Officer
Patrick Conn
Formed
1943
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
90
Volunteers
11

Preparer

Firm
Doeren Mayhew
Address
12060 SW 129TH COURT STE 201, MIAMI, FL 33186-4582
Preparer
John J Murnane Jr
Phone
3052328272
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

United 1st credit union merged its assets into georgia's own credit union effective july 1, 2022. Credit union deposit and lending services for the former members will continue under georgia's own credit union.

Form 990, Part IX, Line 24E

Miscellaneous 118,557. Educational & promotional 55,417. Examination fee 15,468.

FORM 990, PART XI, LINE 9:

Transfer of net assets through merger with georgia's own credit union -20,728,341.

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IRS990/ProgramServiceRevenueGrp/Desc1LOAN INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03124397
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12940810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03124397
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12940810
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0638101
IRS990/PYOtherExpensesAmt06005460
IRS990/PYOtherRevenueAmt0783822
IRS990/PYProgramServiceRevenueAmt011306564
IRS990/PYRevenuesLessExpensesAmt01950346
IRS990/PYSalariesCompEmpBnftPaidAmt04772681
IRS990/PYTotalExpensesAmt010778141
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012728487
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1519300
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020044561
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02388348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0135510
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount013411
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03876
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt065275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK CONN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0218072
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH AND CASH EQUIVALENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LOANS TO MEMBERS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2PROPERTY AND EQUIPMENT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4INVESTMENT SECURITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0GEORGIA'S OWN CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1GEORGIA'S OWN CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2GEORGIA'S OWN CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3GEORGIA'S OWN CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4GEORGIA'S OWN CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12022-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22022-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32022-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42022-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0580147128
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1580147128
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2580147128
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3580147128
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4580147128
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt02067629
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1133592115
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt25687877
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt320545146
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt491565936
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4INDEPENDENT VALUATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0100 PEACHTREE ST NW STE 2800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1100 PEACHTREE ST NW STE 2800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2100 PEACHTREE ST NW STE 2800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3100 PEACHTREE ST NW STE 2800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt4100 PEACHTREE ST NW STE 2800
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0ATLANTA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1ATLANTA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2ATLANTA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3ATLANTA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4ATLANTA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4GA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd030303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd130303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd230303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd330303
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd430303
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: PATRICK CONN, JONATHAN BURGOS
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: PATRICK CONN BECAME AN INDEPENDENT CONTRACTOR FOR GEORGIA'S OWN CREDIT UNION.JONATHAN BURGOS BECAME DIRECTOR- ACCOUNTING FOR GEORGIA'S OWN CREDIT UNION.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNITED 1ST CREDIT UNION MERGED ITS ASSETS INTO GEORGIA'S OWN CREDIT UNION EFFECTIVE JULY 1, 2022. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER GEORGIA'S OWN CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNITED 1ST CREDIT UNION MERGED ITS ASSETS INTO GEORGIA'S OWN CREDIT UNION EFFECTIVE JULY 1, 2022. CREDIT UNION DEPOSIT AND LENDING SERVICES FOR THE FORMER MEMBERS WILL CONTINUE UNDER GEORGIA'S OWN CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CERTAIN DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS. DURING 2022, UNITED 1ST CREDIT UNION MEMBERS VOTED ON BECOMING PART OF GEORGIA'S OWN CREDIT UNION. UNITED 1ST CREDIT UNION MEMBERS OVERWHELMINGLY APPROVED THE MERGER.

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