Memorial Health Credit Union in Savannah, Georgia (GA)

Memorial Health Credit Union
Employer Identification Number (EIN)	237336583
Name of Organization	Memorial Health Credit Union
Address	4831 Waters Ave, Savannah, GA 31404-6221
Subsection	Credit Union
Ruling Date	11/2001
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$16,222,327
Amount of Income	$1,020,607
Form 990 Revenue Amount	$1,020,607
National Taxonomy of Exempt Entities (NTEE)	Public, Society Benefit - Multipurpose and Other: Credit Unions

Non-representatives - add comments:

Amount of income in 2013: $1,020,607 (it was $1,112,894 in 2012)

This organization:	$1,020,607
Other organizations performing similar types of work:	$1,062,274

Assets in 2013: $16,222,327 (it was $16,412,062 in 2012)

This organization:	$16,222,327
Other organizations performing similar types of work:	$21,351,397

Expenses in 2013: $989,279

This organization:	$989,279
Other organizations performing similar types of work:	$2,711,411

Income to expenses ratio in 2013: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.1

Number of employees in 2013: 12

Memorial Health Credit Union:	12
Other organizations performing similar types of work:	19

Employees paid over $100,000 in 2013: 8.3%

This organization:	8.3%
Other organizations performing similar types of work:	0.0%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		13	12
The number of Forms W-2G		1	1
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		11	12
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$162,669	$168,456
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	1	1
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$1,154,096	$1,112,894	$1,020,607
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0
Program Service Revenue	$885,093	$839,412	$766,916
All other program service revenue		$839,412	$766,916
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$53,727	$50,858	$45,209
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$215,276	$222,624	$208,482
Credit Unions		$202,998	$186,959
Credit Unions		$19,626	$21,523
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$1,124,851	$1,001,669	$989,279
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$153,732	$162,669	$168,456
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$255,719	$256,387	$266,178
Pension plan accruals and contributions		$10,751	$11,051
Other employee benefits		$51,459	$51,189
Payroll taxes	$30,661	$31,111	$32,327
Fees for services (non-employees)
Management		$0	$0
Legal		$0	$0
Accounting		$11,258	$10,656
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$0	$0
Advertising and promotion		$5,374	$11,968
Office expenses		$160,574	$162,991
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$86,496	$81,733
Travel		$0	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$15,389	$11,275
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$20,245	$18,947
Insurance		$0	$0
Other expenses		$63,156	$54,311
Other expenses		$82,104	$47,600
Other expenses		$44,696	$60,597

	2011	2012	2013
Balance Sheet
Total assets	$15,553,804	$16,412,062	$16,222,327
Cash - non-interest-bearing		$569,444	$504,410
Savings and temporary cash investments		$5,939,047	$5,542,249
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$9,677,220	$9,446,377
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$26,100	$23,250
Land, buildings, and equipment: cost or other basis		$28,787	$395,249
Investments - publicly traded securities		$0	$0
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$171,464	$310,792
Total liabilities	$12,526,682	$13,273,960	$13,053,492
Accounts payable and accrued expenses		$23,794	$18,297
Grants payable		$0	$0
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$13,250,166	$13,035,195
Total net assets or fund balances	$3,027,122	$3,138,102	$3,168,835
Unrestricted net assets		$0	$0
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$3,027,122	$3,138,102	$3,168,835

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Delta Community Credit Union, Dutchtown High School Band Boosters	149 Mitchell Rd, Hampton, GA 30228	GA	2001-11	$191,506,342
2	Georgias Own Credit Union	PO BOX 105205, Atlanta, GA 30348-5205	GA	2001-11	$85,347,777
3	Atlanta Postal Credit Union, Georgia National Association Postal Supervisors	422 April Lane, Cataula, GA 31804	GA	2001-11	$59,548,425
4	Associated Credit Union	6251 Crooked Creek Rd, Peachtree Cor, GA 30092-3107	GA	2001-11	$57,320,910
5	Emory Alliance Credit Union	1237 Clairmont Rd, Decatur, GA 30030-1229	GA	2001-11	$25,387,923
6	Credit Union Of Georgia	3048 Eagle Dr, Woodstock, GA 30189-5531	GA	2001-11	$22,170,497
7	Doco Credit Union	107 N Westover Blvd, Albany, GA 31707-2949	GA	2001-11	$15,332,064
8	State Employees Credit Union	400 Whitehall St Sw, Atlanta, GA 30303-3720	GA	2001-11	$7,762,068
9	Atlanta City Employees Credit Union, Georgia Aazk	800 Cherokee Avenue, Atlanta, GA 30315	GA	2001-11	$7,483,259
10	Membersfirst Credit Union	2050 Lawrenceville Hwy Ste C-40, Decatur, GA 30033-4326	GA	2001-11	$7,169,512
11	Fulton Teachers Credit Union	3604 Atlanta Ave, Hapeville, GA 30354-1958	GA	2001-11	$4,649,947
12	Workmens Circle Credit Union	527 Stephenson Ave, Savannah, GA 31405-5923	GA	2010-01	$2,297,553
13	Southern Pine Credit Union	PO BOX 1048, Valdosta, GA 31603-1048	GA	2001-09	$1,484,486
14	Savannah Postal Credit Union	22 Oglethorpe Professional Blvd, Savannah, GA 31406-3611	GA	2001-09	$1,046,656
15	Three Rivers Credit Union	PO BOX 160, Bainbridge, GA 39818-0160	GA	2001-11	$1,034,362
16	Savannah Federal Credit Union	124 Barnard St Rm B110, Savannah, GA 31401-3648	GA	2001-11	$782,314
17	Valdosta Educators Credit Union, Vsu	308 E Ann St, Valdosta, GA 31601-4006	GA	2001-11	$532,576
18	Thrift Credit Union	1155 Peachtree St Ne, Atlanta, GA 30309-7629	GA	2001-09	$499,155
19	The Wright Credit Union	286 N Broad St, Toccoa, GA 30577-2329	GA	2001-11	$457,699
20	Georgia Dot Credit Union	271 Capitol Ave Sw, Atlanta, GA 30334	GA	2001-09	$0

Number of organizations performing similar types of work

Alabama	2
Arizona	1
California	11
Florida	1
Georgia	54
Iowa	135
Idaho	2
Illinois	53
Kansas	2
Kentucky	1
Massachusetts	1
Missouri	1
Mississippi	3
North Dakota	1

New Jersey	1
Nevada	1
New York	1
Oklahoma	3
Oregon	1
Pennsylvania	3
Rhode Island	1
Tennessee	1
Texas	2
Virginia	2
Washington	2
Wisconsin	2
International	4

Total

292

Affiliation	Name	Address	State	Established	Total Income
20 biggest affiliated organizations
Central	Georgia Credit Union League Inc	6705 Sugarloaf Pkwy Ste 200, Duluth, GA 30097-4926	GA	2001-09	$2,463,229
Subordinate	Delta Community Credit Union, Dutchtown High School Band Boosters	149 Mitchell Rd, Hampton, GA 30228	GA	2001-11	$191,506,342
Subordinate	Georgia United Credit Union	6704 Sugarloaf Pkwy, Duluth, GA 30097	GA	2001-11	$101,119,785
Subordinate	Georgias Own Credit Union	PO BOX 105205, Atlanta, GA 30348-5205	GA	2001-11	$85,347,777
Subordinate	Catalyst Corporate Federal Credit Union	6801 Parkwood Blvd, Plano, TX 75024-7198	TX	2001-09	$77,404,508
Subordinate	Atlanta Postal Credit Union, Georgia National Association Postal Supervisors	422 April Lane, Cataula, GA 31804	GA	2001-11	$59,548,425
Subordinate	Lge Community Credit Union	430 Commerce Pk Dr 4th F, Marietta, GA 30060-2710	GA	2001-11	$58,861,174
Subordinate	Associated Credit Union	6251 Crooked Creek Rd, Peachtree Cor, GA 30092-3107	GA	2001-11	$57,320,910
Subordinate	Emory Alliance Credit Union	1237 Clairmont Rd, Decatur, GA 30030-1229	GA	2001-11	$25,387,923
Subordinate	Credit Union Of Georgia	3048 Eagle Dr, Woodstock, GA 30189-5531	GA	2001-11	$22,170,497
Subordinate	Doco Credit Union	107 N Westover Blvd, Albany, GA 31707-2949	GA	2001-11	$15,332,064
Subordinate	State Employees Credit Union	400 Whitehall St Sw, Atlanta, GA 30303-3720	GA	2001-11	$7,762,068
Subordinate	Atlanta City Employees Credit Union, Georgia Aazk	800 Cherokee Avenue, Atlanta, GA 30315	GA	2001-11	$7,483,259
Subordinate	Membersfirst Credit Union	2050 Lawrenceville Hwy Ste C-40, Decatur, GA 30033-4326	GA	2001-11	$7,169,512
Subordinate	C Mar Credit Union	647 Roswell St Ne, Marietta, GA 30060-2154	GA	2001-11	$5,698,888
Subordinate	Fulton Teachers Credit Union	3604 Atlanta Ave, Hapeville, GA 30354-1958	GA	2001-11	$4,649,947
Subordinate	Northwest Georgia Credit Union	1307 Redmond Cir Nw, Rome, GA 30165-1307	GA	2001-09	$3,847,863
Subordinate	Core Credit Union	PO BOX 1987, Statesboro, GA 30459-1987	GA	2001-09	$3,692,169
Subordinate	Pinnacle Credit Union	536 North Ave Ne, Atlanta, GA 30308-2713	GA	2001-09	$3,681,686
Subordinate	North Georgia Credit Union	1067 Mize Rd, Toccoa, GA 30577-5845	GA	2001-09	$3,489,500

Number of affiliated organizations

Georgia	72
Texas	1

Virginia