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) GINGER ANTRICAN......................................................................
DIRECTOR

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

(2) CAMILLE GRAYSON......................................................................
COO

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

67,929

2,851

(3) ROBERT GROVE......................................................................
CEO

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

90,649

4,388

(4) CARL MOUNTS......................................................................
DIRECTOR

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

(5) RUSH STUMBO......................................................................
VICE PRESIDE

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

(6) GARY UTT......................................................................
PRESIDENT

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

(7) GAYLEE WETZEL......................................................................
SECRETARY

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

(8) AARON WILLIAMS......................................................................
DIRECTOR

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

(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

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	1,580,847
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	1,580,847
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	375,363
c	Add lines 4a and 4b....................	4c	375,363
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	1,956,210

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	1,360,232
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	1,360,232
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	375,363
c	Add lines 4a and 4b.....................	4c	375,363
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	1,735,595

Return Reference	Explanation
SCHEDULE D, PAGE 4, PART XI, LINE 4B	INTEREST EXPENSE 65,355 PROVISION FOR LOAN LOSSES 91,274 DEALER PARTICIPATION 214,916 MORTGAGES EXPENSE 3,818
SCHEDULE D, PAGE 4, PART XII, LINE 4B	INTEREST EXPENSE 65,355 PROVISION FOR LOAN LOSSES 91,274 DEALER PARTICIPATION 214,916 MORTAGES EXPENSE 3,818

- 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

ADVANTAGE CREDIT UNION INC

Employer identification number

34-0893994

Return Reference	Explanation
FORM 990, PAGE 6, PART VI, LINE 6	THE CREDIT UNION IS COMPRISED OF A SINGLE CLASS OF APPROXIMATELY 5700 MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE, AND VOTING RIGHTS AT THE ANNUAL MEETINGS, WITH THE EXCEPTION OF THE MEMBER- OWNERS WHO ARE ELECTED TO THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7A	THE MEMBER-OWNERS OF THE CREDIT UNION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THREE-YEAR TERMS ON A ROTATING BASIS. CANDIDATES ARE ELECTED BY A SINGLE PLURALITY VOTE.
FORM 990, PAGE 6, PART VI, LINE 7B	CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS AND THE REGULATORY AGENCY. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER- OWNERS VOTE TO APPROVE.
FORM 990, PAGE 6, PART VI, LINE 11B	PRIOR TO BEING FILED WITH THE IRS, A COPY OF THE IRS FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE CEO, INCLUDING A CONFIRMATION OF THE ACCURACY OF EVERY ANSWER AND THE OVERSIGHT OF APPROPRIATE CHANGES. UPON COMPLETION OF THE CEO'S REVIEW, THE FORMS ARE REVIEWED AND VOTED ON AT A BOARD MEETING PRIOR TO SUBMITTAL TO THE IRS.
FORM 990, PAGE 6, PART VI, LINE 12C	BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE A SURVEY RELATED TO LOANS, BUSINESS RELATIONSHIPS, AND FAMILY RELATIONSHIPS THAT COULD, OR DO, CREATE A CONFLICT OF INTEREST. THESE ARE SUMMARIZED AND MAINTAINED IN A DOCUMENT PRESENT AT EACH BOARD MEETING. CONFLICTS OF INTEREST ARE DETERMINED BY A REVIEW OF THE POTENTIAL CONFLICTS BY THE CEO AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, THEN THE CONFLICTED BOARD MEMBER OR OFFICER IS EXCLUDED FROM DISCUSSIONS AND VOTES RELATED TO ANY POTENTIAL OR EXISTING RELATIONSHIP INVOLVING THE CONFLICT OF INTEREST. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST WAS INTENTIONALLY HIDDEN BY A BOARD MEMBER, THEN THE SITUATION WOULD BE INVESTIGATED BY THE INTERNAL AUDITOR AND THE BOARD MEMBER COULD BE SUSPENDED AND SUBJECT TO DISMISSAL AT A SPECIAL MEETING OF ALL THE MEMBER-OWNERS. ADDITIONALLY, THE REMAINING BOARD MEMBERS AND OFFICERS WILL REVIEW, FOR FAIRNESS, ALL PAST TRANSACTIONS INVOLVING THE CONFLICT OF INTEREST. IF A TRANSACTION APPEARS TO LACK ARMS-LENGTH, EITHER TO THE DETRIMENT OF THE CREDIT UNION OR TO THE UNFAIR ADVANTAGE OF THE BOARD MEMBER, THEN ALL LEGAL REMEDIES WILL BE CONSIDERED.
FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD OF DIRECTORS ANNUALY REVIEWS THE COMPENSATION OF THE CEO AND TOP MANAGEMENT WITH RESPECT TO THEIR INDIVIDUAL EMPLOYMENT CONTRACTS, THE FINANCIAL CONDITION OF THE CREDIT UNION, AND COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CREDIT UNIONS. THESE DISCUSSIONS ARE DOCUMENTED WITHIN THE BOARD MINUTES.
FORM 990, PAGE 6, PART VI, LINE 15B	THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION OF THE COO AND OTHER KEY EMPLOYEES WITH RESPECT TO THEIR INDIVIDUAL EMPLOYMENT CONTRACTS, THE FINANCIAL CONDITION OF THE CREDIT UNION, AND COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CREDIT UNIONS. THESE DISCUSSIONS ARE DOCUMENTD WITHIN THE BOARD MINUTES.
FORM 990, PAGE 6, PART VI, LINE 19	THE CREDIT UNION MAKES COPIES OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE MEMBERSHIP UPON REQUEST. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF THE CREDIT UNION FOR ITS MEMBERS INSPECTION.

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: THE MISSION OF ADVANTAGE CREDIT UNION IS TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES IN A COST EFFICIENT, COURTEOUS, AND PROFESSIONAL MANNER THAT RECOGNIZES THE MEMBERS STATUS AS "OWNERS".
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	18
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	5,091
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	1,708,661	1,765,513
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	171,574	190,697
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,880,235	1,956,210
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	56,151	64,962
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	639,017	599,037
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,048,145	1,071,596
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,743,313	1,735,595
19	Revenue less expenses. Subtract line 18 from line 12.......	136,922	220,615
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	37,897,412	37,074,828
21	Total liabilities (Part X, line 26).............	34,931,999	33,954,369
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,965,413	3,120,459

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACTIVITY AND PROVIDING MEMBERS ACCESS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION OFFICE. DIRECT LABOR AND EMPLOYE EBENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS, AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS. DIVIDENDS AND INTEREST PAID TO APPROXIMATELY 11,000 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 7,000 MEMBERS.

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)...........	158,578	7,239

(A) Name and business address	(B) Description of services	(C) Compensation





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

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		1,251,817	1,251,817
b	FEE INCOME		508,605	508,605
c	FOREIGN ATM INCOME	522100	5,091		5,091
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		1,765,513

3 Investment income (including dividends, interest, and othersimilar amounts) ......			190,697	190,697
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(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
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
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
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			1,956,210	1,951,119	5,091

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
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	64,962	64,962
5	Compensation of current officers, directors, trustees, and key employees ....	165,817	165,817
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	337,930	337,930
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	11,493	11,493
9	Other employee benefits .......	49,815	49,815
10	Payroll taxes ...........	33,982	33,982
11	Fees for services (non-employees):
a	Management ......	77,400	77,400
b	Legal .........	10,214	10,214
c	Accounting ...........	16,809	16,809
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 ....	15,118	15,118
13	Office expenses .......	236,227	236,227
14	Information technology ......	244,955	244,955
15	Royalties ..
16	Occupancy ...........	97,413	97,413
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	4,114	4,114
20	Interest ...........	393	393
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	41,229	41,229
23	Insurance ...	8,769	8,769
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	DEALER PARTICIPATION	214,916	214,916
b	PROVISION FOR LOAN LOSS	91,274	91,274
c	LEAGUE DUES	7,831	7,831
d	MORTGAGES EXPENSE	3,818	3,818
e	All other expenses	1,116	1,116
25	Total functional expenses. Add lines 1 through 24e	1,735,595	1,735,595	0	0
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 ........			1,075,609	1	1,088,162
2	Savings and temporary cash investments .........				2	3,265,359
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			28,411	4
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 ....			25,273,705	7	22,754,173
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			638,371	9	426,133
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,785,480
b	Less: accumulated depreciation	10b	1,172,249	584,440	10c	613,231
11	Investments—publicly traded securities .			9,822,770	11	8,562,061
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			474,106	15	365,709
16	Total assets. Add lines 1 through 15 (must equal line 34)...			37,897,412	16	37,074,828

17	Accounts payable and accrued expenses .....	79,278	17	59,656
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	34,852,721	25	33,894,713
26	Total liabilities. Add lines 17 through 25..	34,931,999	26	33,954,369

	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 .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds	2,965,413	32	3,120,459
33	Total net assets or fund balances ...........	2,965,413	33	3,120,459
34	Total liabilities and net assets/fund balances ........	37,897,412	34	37,074,828

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 .....	143,661		143,661
b	Buildings ....	932,357	657,357	275,000
c	Leasehold improvements
d	Equipment ....	472,967	299,192	173,775
e	Other .....	236,495	215,700	20,795
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				613,231

(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.)

(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)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
MEMBER SAVINGS AND CD ACCOUNTS	33,894,713
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	33,894,713
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