Civic Intelligence

Corpus Christi City Employees Credit Union

990 • Fiscal year 2013 • EIN 74-1158516

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 14, 2014

3131 Holly Road78415

(361) 855-4494

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.93x

Higher debt load relative to assets than 95% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

39th percentile

17.31x

Higher debt load relative to revenue than 39% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Net Margin

54th percentile

9.4%

Higher net margin than 54% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Top Officer Pay

19th percentile

$99,804

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2013

Asset Growth

92nd percentile

8.8%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

31st percentile

-0.8%

Faster revenue growth than 31% of similar nonprofits.

2013 filings • $50M-$100M nonprofits • Annualized from 2012 to 2013

Assets

Up

$50,529,990

Up $4,081,915 (+8.8%) from 2012

Net Assets

Up

$3,657,656

Up $253,938 (+7.5%) from 2012

Liabilities

Up

$46,872,334

Up $3,827,977 (+8.9%) from 2012

Revenue

Down

$2,708,081

Down $21,246 (-0.8%) from 2012

Expenses

Down

$2,454,143

Down $28,665 (-1.2%) from 2012

Net Income

Up

$253,938

Up $7,419 (+3.0%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $46,583,440Liabilities 2010: $43,642,097Net Assets 2010: $2,941,3432010Assets 2011: $48,282,881Liabilities 2011: $45,125,682Net Assets 2011: $3,157,1992011Assets 2012: $46,448,075Liabilities 2012: $43,044,357Net Assets 2012: $3,403,7182012Assets 2013: $50,529,990Liabilities 2013: $46,872,334Net Assets 2013: $3,657,6562013Assets 2014: $50,050,993Liabilities 2014: $46,209,032Net Assets 2014: $3,841,9612014Assets 2015: $52,225,269Liabilities 2015: $48,355,309Net Assets 2015: $3,869,9602015Assets 2016: $54,801,655Liabilities 2016: $50,699,944Net Assets 2016: $4,101,7112016Assets 2017: $57,559,671Liabilities 2017: $53,327,910Net Assets 2017: $4,231,7612017Assets 2018: $57,626,086Liabilities 2018: $53,018,952Net Assets 2018: $4,607,1342018Assets 2019: $59,915,598Liabilities 2019: $54,988,378Net Assets 2019: $4,927,2202019Assets 2020: $70,130,415Liabilities 2020: $64,821,735Net Assets 2020: $5,308,6802020Assets 2021: $74,914,850Liabilities 2021: $69,205,890Net Assets 2021: $5,708,9602021Assets 2022: $78,366,662Liabilities 2022: $71,857,480Net Assets 2022: $6,509,1822022Assets 2023: $83,718,173Liabilities 2023: $77,237,776Net Assets 2023: $6,480,3972023Assets 2024: $85,379,185Liabilities 2024: $78,458,062Net Assets 2024: $6,921,1232024

Highlighted filing

2013

Assets$50,529,990
Liabilities$46,872,334
Net Assets$3,657,656

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,941,9852010Expenses 2011: $2,657,5442011Revenue 2012: $2,729,327Expenses 2012: $2,482,808Net Income 2012: $246,5192012Revenue 2013: $2,708,081Expenses 2013: $2,454,143Net Income 2013: $253,9382013Revenue 2014: $2,760,226Expenses 2014: $2,575,921Net Income 2014: $184,3052014Revenue 2015: $3,010,228Expenses 2015: $2,982,229Net Income 2015: $27,9992015Revenue 2016: $2,916,911Expenses 2016: $2,685,160Net Income 2016: $231,7512016Revenue 2017: $2,957,175Expenses 2017: $2,827,125Net Income 2017: $130,0502017Revenue 2018: $3,243,599Expenses 2018: $2,868,226Net Income 2018: $375,3732018Revenue 2019: $3,527,690Expenses 2019: $3,207,604Net Income 2019: $320,0862019Revenue 2020: $3,587,184Expenses 2020: $3,205,724Net Income 2020: $381,4602020Revenue 2021: $3,609,364Expenses 2021: $2,806,381Net Income 2021: $802,9832021Revenue 2022: $3,880,156Expenses 2022: $3,761,483Net Income 2022: $118,6732022Revenue 2023: $4,446,773Expenses 2023: $4,396,595Net Income 2023: $50,1782023Revenue 2024: $5,158,751Expenses 2024: $4,718,025Net Income 2024: $440,7262024

Highlighted filing

2013

Revenue$2,708,081
Expenses$2,454,143
Net Income$253,938
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 14, 2014
Return Version
2013v3.0
Gross Receipts
$2,708,081
Mission and Program Overview

Mission

The texas bridge credit union is committed to being the primary financial institution of its feild of membership including any qualified person that works, lives or attends school in nueces county,

Corpus Christi City Employees Credit Union is committed to being the primary financial institution of its field of membership by providing quality financial services within the realm of sound business practices. The Credit Union is committed to deliver these services in an atmosphere of trust and superior member satisfaction. Treat our members with dignity & respect regardless of their financial status.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$25,037,630$26,926,981▲ $1,889,351
Investments Other Securities$17,055,897$19,556,789▲ $2,500,892
Rtn Earn Endowment Incm Other Fnds$3,403,718$3,657,656▲ $253,938
Land, Buildings, and Equipment, Net$2,245,319$2,182,016▼ $63,303
Cash and Non-Interest-Bearing Accounts$1,997,987$1,756,033▼ $241,954
Prepaid Expenses and Deferred Charges$101,939$91,298▼ $10,641
Accounts Receivable$8,952$4,922▼ $4,030
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$46,448,075$50,529,990▲ $4,081,915
Other Assets Total$351$11,951▲ $11,600
Liabilities
Other Liabilities$42,534,324$46,337,660▲ $3,803,336
Accounts Payable and Accrued Expenses$510,033$534,674▲ $24,641
Total Liabilities$43,044,357$46,872,334▲ $3,827,977
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,403,718$3,657,656▲ $253,938
Total Liabilities and Net Assets / Fund Balance$46,448,075$50,529,990▲ $4,081,915

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,314,912$472,476$0
Other Land Buildings$0$0$0
Land$569,986-$0
Equipment$297,118$1,204,662$0
Leasehold Improvements$0$0$0
Other Securities$117,379--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David L BrooksCEOFT$88,451$11,353$99,804

Board Members and Trustees

NameTitle
John VallsChairman of the Board
Eugene HernandezVice-Chairman Board of Directors
Deborah MarroquinDirector
Larry Q OlivarezDirector
Linda A RodriguezDirector
Paul RiveraDirector
Cefe F ValenzuelaSecretary-Treasurer of the Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,602,009
Investment Income
$106,072
Other Revenue
$0
Change in Net Assets
$253,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,209,197
Salaries, Compensation, and Employee Benefits$891,586
Grants and Similar Amounts Paid$9,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$601,477
Benefits to Members---$343,860
Office Expenses---$333,926
Fees for Services Other---$257,745
Occupancy---$177,075
Other Employee Benefits---$105,417
Current Officers, Directors, Trustees, and Key Employees---$99,804
Advertising---$78,982
All Other Expenses---$71,035
Other Expenses---$69,000
Payroll Taxes---$55,860
Travel---$38,555
Insurance---$35,129
Pension Plan Contributions---$29,028
Fees for Services Legal---$24,405
Conferences and Meetings---$21,081
Fees for Services Accounting---$9,900
Grants to Domestic Individuals---$9,500
Total Functional Expenses$0$0$0$2,454,143
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$45,788,483
Reserves$549,177
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 6

The Credit Union's members have rights to elect the members of the governing body. The Credit Union's members also receive a share of the organization's profits in the form of cash dividends.

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

Members of the Credit Union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise or otherwise.

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

Members of the Credit Union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.

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

Upon completion by an accounting organization or online software, the 990 will be reviewed by the CEO before filing. Copies of the completed form will be distributed, reviewed and discussed at a board of directors meeting following the filing of the 990 form.

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

Review of loans to employees and directors, supervisory review of exployee and director accounts, reinforcement of policy, procedures and updates at annual director strategic session and staff policy meetings.

Form 990, Part VI, Section B, Line 15

Annually for the CEO and other employees. Independent position and salary review(Cornerstone League), local market research, Cornerstone or CUNA compensation survey comparisons are performed. Governing body reviews budgeted salary amounts for approval.

Form 990, Part VI, Section C, Line 19

Financial Statements are posted in the lobby of both branches, annual report is distributed at our annual meeting, made available in the branch lobbies, and posted on website online. Policies, Articles of Incorporation, or Credit Union Bylaws may be viewed during business hours upon written request to the Credit Union. A notice of how to obtain or view credit union documents is posted on our website and notice included in member statements two times a year.

Filing and Contact Details

Filer

EIN
74-1158516
Phone
3618554494

Signing Officer

Name
David Brooks
Title
CEO
Phone
3618554494
Signed
2014-08-14

Organization Details

Principal Officer
David L Brooks
Formed
1951
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
22
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

The 990T for 2013 has not been filed. An extension of time to file was granted by the IRS until November 15, 2014.

Form 990, Part IX, Line 11G

Data and Card Processing $110,708 Leased Employees and Other Professional $121,018 Member Bill Pay Program $9,576 Courier Service $8,036 Texas Credit Union Department Operating Fee $8,407

Financial Statement Notes

Schedule D, Part VII, Line 3

Investment in Central Liquidity Facility $117,379

Schedule D, Part X, Line 1

Deposit of Members

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IRS990/ActivityOrMissionDesc0Corpus Christi City Employees Credit Union is committed to being the primary financial institution of its field of membership by providing quality financial services within the realm of sound business practices. The Credit Union is committed to deliver these services in an atmosphere of trust and superior member satisfaction. Treat our members with dignity & respect regardless of their financial status.
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IRS990/MissionDesc0See Schedule O for continuation The Corpus Christi City Employees Credit Union is Committed to Being the Primary Financial Institution of its field of membership including any qualified person that works, lives or attends school in Nueces County, is employed by the City of Corpus Christi, is a family member of a City of Corpus Christi employee, a retiree from the City of Corpus Christi or is employed by any select employee group by providing quality financial services within the realm of sound business practices. The Credit Union is committed to deliver these services in an atmosphere of trust and superior member satisfaction.
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IRS990/OtherLiabilitiesGrp/BOYAmt042534324
IRS990/OtherLiabilitiesGrp/EOYAmt046337660
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0601477
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt025037630
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt026926981
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt055860
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt029028
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0101939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091298
IRS990/PrincipalOfficerNm0David L Brooks
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc2Misc Operations
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01775190
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1696183
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt274966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01775190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1737100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt289719
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt140917
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt214753
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0365287
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt06000
IRS990/PYInvestmentIncomeAmt0149333
IRS990/PYOtherExpensesAmt01324428
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02579994
IRS990/PYRevenuesLessExpensesAmt0246519
IRS990/PYSalariesCompEmpBnftPaidAmt0787093
IRS990/PYTotalExpensesAmt02482808
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02729327
IRS990/ReconcilationRevenueExpnssAmt0253938
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03403718
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03657656
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01314912
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0472476
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01787388
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0297118
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01204662
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01501780
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0569986
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0569986
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045788483
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1549177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Reserves
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt014046000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1402370
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt235000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt310890
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41500000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5108501
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt63336649
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7117379
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDs
IRS990ScheduleD/OtherSecuritiesGrp/Desc1NCUA Share Insurance
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Catalyst CIF Shares
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Deferred Broker Fees
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Catalyst Overnight Sweep
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Catalyst PCC Account
IRS990ScheduleD/OtherSecuritiesGrp/Desc6Catalyst Cash Management Account
IRS990ScheduleD/OtherSecuritiesGrp/Desc7Other Investments
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Investment in Central Liquidity Facility $117,379
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Deposit of Members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part VII, Line 3
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02182016
IRS990ScheduleD/TotalBookValueSecuritiesAmt019556789
IRS990ScheduleD/TotalLiabilityAmt046337660
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships of $500 are awarded to eligible college students as approved by the credit union scholarship committee criteria.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc00
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A scholarship committee reviews the prospective recipients' applications for completeness and based on the criteria set by the credit union board of directors the scholarship committee awards the approved, qualified college students a $500 scholarship. Monies are paid to the college or university directly where the students are enrolled for the recipients' benefit for the semester.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990T for 2013 has not been filed. An extension of time to file was granted by the IRS until November 15, 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Credit Union's members have rights to elect the members of the governing body. The Credit Union's members also receive a share of the organization's profits in the form of cash dividends.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the Credit Union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise or otherwise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members of the Credit Union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon completion by an accounting organization or online software, the 990 will be reviewed by the CEO before filing. Copies of the completed form will be distributed, reviewed and discussed at a board of directors meeting following the filing of the 990 form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Review of loans to employees and directors, supervisory review of exployee and director accounts, reinforcement of policy, procedures and updates at annual director strategic session and staff policy meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Annually for the CEO and other employees. Independent position and salary review(Cornerstone League), local market research, Cornerstone or CUNA compensation survey comparisons are performed. Governing body reviews budgeted salary amounts for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Financial Statements are posted in the lobby of both branches, annual report is distributed at our annual meeting, made available in the branch lobbies, and posted on website online. Policies, Articles of Incorporation, or Credit Union Bylaws may be viewed during business hours upon written request to the Credit Union. A notice of how to obtain or view credit union documents is posted on our website and notice included in member statements two times a year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Data and Card Processing $110,708 Leased Employees and Other Professional $121,018 Member Bill Pay Program $9,576 Courier Service $8,036 Texas Credit Union Department Operating Fee $8,407
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046448075
IRS990/TotalAssetsEOYAmt050529990
IRS990/TotalAssetsGrp/BOYAmt046448075
IRS990/TotalAssetsGrp/EOYAmt050529990
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02454143
IRS990/TotalGrossUBIAmt055670
IRS990/TotalLiabilitiesBOYAmt043044357
IRS990/TotalLiabilitiesEOYAmt046872334
IRS990/TotalLiabilitiesGrp/BOYAmt043044357
IRS990/TotalLiabilitiesGrp/EOYAmt046872334
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03403718
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03657656
IRS990/TotalOtherCompensationAmt011353
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.4$78.5$6.92$5.16$4.72$0.44
2023Detailed filing. Detailed filing data is available for this year.$83.7$77.2$6.48$4.45$4.40$0.05
2022Detailed filing. Detailed filing data is available for this year.$78.4$71.9$6.51$3.88$3.76$0.12
2021Detailed filing. Detailed filing data is available for this year.$74.9$69.2$5.71$3.61$2.81$0.80
2020Detailed filing. Detailed filing data is available for this year.$70.1$64.8$5.31$3.59$3.21$0.38
2019Detailed filing. Detailed filing data is available for this year.$59.9$55.0$4.93$3.53$3.21$0.32
2018Detailed filing. Detailed filing data is available for this year.$57.6$53.0$4.61$3.24$2.87$0.38
2017Detailed filing. Detailed filing data is available for this year.$57.6$53.3$4.23$2.96$2.83$0.13
2016Summary only. Only limited summary data is available for this year.$54.8$50.7$4.10$2.92$2.69$0.23
2015Detailed filing. Detailed filing data is available for this year.$52.2$48.4$3.87$3.01$2.98$0.03
2014Detailed filing. Detailed filing data is available for this year.$50.1$46.2$3.84$2.76$2.58$0.18
2013Detailed filing. Detailed filing data is available for this year.$50.5$46.9$3.66$2.71$2.45$0.25
2012Summary only. Only limited summary data is available for this year.$46.4$43.0$3.40$2.73$2.48$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.3$45.1$3.16$2.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$43.6$2.94$2.94