TY 2018 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DEIDRA CHARLTON......................................................................
SECRETARY

1.00
.................

(2) NEAL GUY......................................................................
CHAIRMAN

1.00
.................

(3) GREG HURST......................................................................
BOARD TREASURER

1.00
.................

(4) JACK GIBSON......................................................................
VICE CHAIRMAN

1.00
.................

(5) MARLON MURRAY......................................................................
DIRECTOR

1.00
.................

(6) DON KELLY......................................................................
DIRECTOR

1.00
.................

(7) ANDREA FANNIN......................................................................
DIRECTOR

1.00
.................

(8) DIANE W HESTER......................................................................
CEO

40.00
.................

116,949

10,597

(9) SCOTT RYAN......................................................................
COO

40.00
.................

73,328

(10) CHAD DAVIS......................................................................
VICE PRESIDENT LENDING

40.00
.................

73,973

7,743

(11) SUSAN BUTLER......................................................................
VICE PRESIDENT MARKETING

40.00
.................

59,128

6,240

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

JACK HENRY & ASSOCIATES INC

663 W HIGHWAY 60
MONETT,MO65708

DATA PROCESSING

166,924

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

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

2018

Open to Public
Inspection

Name of the organization

RIVERFALL CREDIT UNION

Employer identification number

63-0436631

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED BY ITS MEMBERS. IN ORDER TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN EITHER TUSCALOOSA, PICKENS, FAYETTE, GREENE, HALE OR BIBB COUNTIES IN ALABAMA.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE CREDIT UNION ELECT MEMBERS OF THE GOVERNING BODY BY PLURALITY VOTE AT THE ANNUAL MEETING.
FORM 990, PART VI, SECTION A, LINE 8B	THE CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	UPON COMPLETION OF THE CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12C	CREDIT UNION STAFF REVIEW THE CONFLICT OF INTEREST POLICY EACH YEAR WITH THE CREDIT UNION'S MANAGER. AT THIS MEETING, THE STAFF MEMBERS ARE FREE TO ASK ANY QUESTIONS REGARDING THIS POLICY. THE CREDIT UNION MANAGER CONSTANTLY MONITORS THE STAFF TO MAKE SURE EVERYONE IS IN COMPLIANCE WITH THE POLICY. IT IS THE RESPONSIBILITY OF STAFF OR DIRECTORS TO IMMEDIATELY NOTIFY THE CREDIT UNION MANAGERS OF ANY POTENTIAL CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR OFFICERS, KEY EMPLOYEES & TOP MANAGEMENT OFFICIALS IS DETERMINED ON A YEARLY BASIS. BEFORE COMPENSATION IS SET, THE BOARD OF DIRECTORS EXAMINES THE TYPE AND AMOUNT OF WORK PERFORMED BY THE EMPLOYEES WHILE TAKING INTO ACCOUNT THE CREDIT UNION'S PRIOR YEAR INCOME. COMPARATIVE INDEPENDENT SALARY SURVEYS ARE AVAILABLE TO THE BOARD DURING THE COMPENSATION PROCESS.
FORM 990, PART VI, SECTION C, LINE 19	THE CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME FOR PENSION ADJUSTMENT 328,043.
FORM 990, PART XII, LINE 2	ON A YEARLY BASIS, THE NATIONAL CREDIT UNION ADMINISTRATION AND ALABAMA CREDIT UNION ADMINISTRATION EXAMINE THE FINANCIAL STATEMENTS OF THE CREDIT UNION. ADDITIONALLY, A CPA AUDIT WAS PERFORMED AS OF SEPTEMBER 30.
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION	RIVERFALL CREDIT UNION PO BOX 1756 TUSCALOOSA, AL 35403 EMPLOYER IDENTIFICATION NUMBER: 63-0436631 FOR THE YEAR ENDING DECEMBER 31, 2018 RIVERFALL CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
SECTION 1.263(A)-3(N) ELECTION	RIVERFALL CREDIT UNION PO BOX 1756 TUSCALOOSA, AL 35403 EMPLOYER IDENTIFICATION NUMBER: 63-0436631 FOR THE YEAR ENDING DECEMBER 31, 2018 RIVERFALL CREDIT UNION IS MAKING THE ELECTION TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER REG. SEC. 1.263(A)-3(N).

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO PROVIDE THRIFT OPPORTUNITIES AND LOW COST LOANS TO MEMBERS
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	7
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	36
6	Total number of volunteers (estimate if necessary) .............	6	10
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	4,817
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	2,136,400	2,516,059
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,135,166	965,656
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,441,467	1,668,601
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	4,713,033	5,150,316
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	5,000	5,000
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,272,647	1,382,009
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	2,864,429	2,827,613
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	4,142,076	4,214,622
19	Revenue less expenses. Subtract line 18 from line 12.......	570,957	935,694
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	120,083,632	119,473,574
21	Total liabilities (Part X, line 26).............	104,951,853	103,644,320
22	Net assets or fund balances. Subtract line 21 from line 20.....	15,131,779	15,829,254

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	9,595 MEMBERS SERVED TO PROMOTE THRIFT OPPORTUNITIES AND LOW COST LOANS.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	323,378	0	24,580

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$
h Total. Add lines 1a-1f.......

		Business Code
2a	LOAN INTEREST INCOME	522130	2,516,059	2,516,059
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		2,516,059

3 Investment income (including dividends, interest, and othersimilar amounts) ......			1,055,135			1,055,135
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			13,098			13,098
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		5,867,107
b	Less: cost or other basis and sales expenses		5,956,586
c	Gain or (loss)		-89,479
d	Net gain or (loss).....			-89,479			-89,479
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	ACCOUNT FEES AND CHARGES		522130	1,409,047	1,409,047
b	OTHER MISCELLANEOUS INCOME		522130	217,200	217,200
c	INSURANCE FEES		522130	24,439	24,439
d	All other revenue ....			4,817		4,817
e	Total. Add lines 11a–11d ......			1,655,503
12	Total revenue. See Instructions......			5,150,316	4,166,745	4,817	978,754

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to domestic individuals. See Part IV, line 22	5,000
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	347,958
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	789,023
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	36,077
9	Other employee benefits .......	121,659
10	Payroll taxes ...........	87,292
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	25,375
c	Accounting ...........	56,220
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....	162,164
13	Office expenses .......	293,018
14	Information technology ......	167,606
15	Royalties ..
16	Occupancy ...........	196,172
17	Travel ............	58,383
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	10,020
20	Interest ...........	662,306
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	508,330
23	Insurance ...	51,287
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	OTHER ACCOUNT SERVICE E	240,564
b	BAD DEBT	161,204
c	LOAN SERVICING AND COLL	80,720
d	MISCELLANEOUS	51,923
e	All other expenses	102,321
25	Total functional expenses. Add lines 1 through 24e	4,214,622
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			1,232,840	1	1,115,853
2	Savings and temporary cash investments .........			5,353,091	2	5,693,806
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			406,323	4	156,042
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
					6
7	Notes and loans receivable, net ....			49,882,927	7	61,259,311
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			3,908,276	9	4,331,692
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	11,166,170
b	Less: accumulated depreciation	10b	2,117,709	9,491,493	10c	9,048,461
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			48,354,621	12	36,415,957
13	Investments—program-related. See Part IV, line 11 ..			50,000	13	50,000
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			1,404,061	15	1,402,452
16	Total assets. Add lines 1 through 15 (must equal line 34)...			120,083,632	16	119,473,574

17	Accounts payable and accrued expenses .....	539,348	17	749,804
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	104,412,505	25	102,894,516
26	Total liabilities. Add lines 17 through 25..	104,951,853	26	103,644,320

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund ...	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	15,131,779	32	15,829,254
33	Total net assets or fund balances ...........	15,131,779	33	15,829,254
34	Total liabilities and net assets/fund balances ........	120,083,632	34	119,473,574

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....	2,219,714		2,219,714
b	Buildings ....	5,832,132	604,425	5,227,707
c	Leasehold improvements	241,403	184,773	56,630
d	Equipment ....	1,571,918	732,717	839,201
e	Other .....	1,301,003	595,794	705,209
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				9,048,461

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) GOVERNMENT SECURITIES	36,415,957	F
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	36,415,957

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
MEMBER DEPOSITS	102,894,516
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	102,894,516
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII