Civic Intelligence

Cte Credit Union

990 • Fiscal year 2020 • EIN 74-1199174

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

3100 Wilcrest Suite 141Houston, TX 77042

(713) 295-6404

Siviq Scores

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

Liabilities / Assets

13th percentile

0.81x

Higher debt load relative to assets than 13% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

29.83x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Net Margin

45th percentile

8.1%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$156,240

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2020

Asset Growth

2nd percentile

2.3%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

1.6%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$27,020,250

Up $617,839 (+2.3%) from 2019

Net Assets

Up

$5,137,796

Up $59,697 (+1.2%) from 2019

Liabilities

Up

$21,882,454

Up $558,142 (+2.6%) from 2019

Revenue

Up

$733,651

Up $11,658 (+1.6%) from 2019

Expenses

Down

$673,954

Down $52,902 (-7.3%) from 2019

Net Income

Up

$59,697

Up $64,560 (+1328%) from 2019

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $45,825,695Liabilities 2010: $40,813,065Net Assets 2010: $5,012,6302010Assets 2011: $50,449,021Liabilities 2011: $45,347,101Net Assets 2011: $5,101,9202011Assets 2012: $56,943,376Liabilities 2012: $51,663,273Net Assets 2012: $5,280,1032012Assets 2013: $55,066,260Liabilities 2013: $49,661,716Net Assets 2013: $5,404,5442013Assets 2014: $49,713,912Liabilities 2014: $44,471,252Net Assets 2014: $5,242,6602014Assets 2015: $43,200,508Liabilities 2015: $38,103,042Net Assets 2015: $5,097,4662015Assets 2016: $37,909,667Liabilities 2016: $32,821,949Net Assets 2016: $5,087,7182016Assets 2017: $33,721,363Liabilities 2017: $28,638,599Net Assets 2017: $5,082,7642017Assets 2018: $28,217,862Liabilities 2018: $23,134,900Net Assets 2018: $5,082,9622018Assets 2019: $26,402,411Liabilities 2019: $21,324,312Net Assets 2019: $5,078,0992019Assets 2020: $27,020,250Liabilities 2020: $21,882,454Net Assets 2020: $5,137,7962020Assets 2021: $27,690,825Liabilities 2021: $22,583,144Net Assets 2021: $5,107,6812021Assets 2022: $25,500,038Liabilities 2022: $20,676,740Net Assets 2022: $4,823,2982022

Highlighted filing

2020

Assets$27,020,250
Liabilities$21,882,454
Net Assets$5,137,796

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,865,2292010Expenses 2011: $1,620,4192011Expenses 2012: $1,523,2712012Revenue 2013: $1,453,991Expenses 2013: $1,329,550Net Income 2013: $124,4412013Revenue 2014: $941,596Expenses 2014: $1,103,480Net Income 2014: -$161,8842014Revenue 2015: $885,072Expenses 2015: $1,030,266Net Income 2015: -$145,1942015Revenue 2016: $838,672Expenses 2016: $848,420Net Income 2016: -$9,7482016Revenue 2017: $792,562Expenses 2017: $797,516Net Income 2017: -$4,9542017Revenue 2018: $748,524Expenses 2018: $748,326Net Income 2018: $1982018Revenue 2019: $721,993Expenses 2019: $726,856Net Income 2019: -$4,8632019Revenue 2020: $733,651Expenses 2020: $673,954Net Income 2020: $59,6972020Revenue 2021: $650,911Expenses 2021: $681,026Net Income 2021: -$30,1152021Revenue 2022: $452,540Expenses 2022: $736,923Net Income 2022: -$284,3832022

Highlighted filing

2020

Revenue$733,651
Expenses$673,954
Net Income$59,697
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$733,651
Mission and Program Overview

Mission

The mission of CTECU is to offer members exceptional service, competitive interest rates, and sound financial management. This mission is accomplished by aggressive loan promotions, maximizing return on investments, and responsive member services and education.

The mission of CTECU is to offer members exceptional service, competitive interest rates, and sound financial management. This is accomplished by aggressive loan promotions, maximizing return on investments, and responsive member service and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,941,580$18,701,932▲ $1,760,352
Other Notes and Loans Receivable, Net$7,695,582$6,610,538▼ $1,085,044
Rtn Earn Endowment Incm Other Fnds$5,078,099$5,137,796▲ $59,697
Savings and Temporary Cash Investments$239,217$154,049▼ $85,168
Prepaid Expenses and Deferred Charges$65,019$104,909▲ $39,890
Accounts Receivable$23,250$44,595▲ $21,345
Cash and Non-Interest-Bearing Accounts$27,312$18,889▼ $8,423
Land, Buildings, and Equipment, Net$3,886$85▼ $3,801
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$26,402,411$27,020,250▲ $617,839
Other Assets Total$1,406,565$1,385,253▼ $21,312
Liabilities
Other Liabilities$21,212,131$21,799,411▲ $587,280
Accounts Payable and Accrued Expenses$112,181$83,043▼ $29,138
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,324,312$21,882,454▲ $558,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,078,099$5,137,796▲ $59,697
Total Liabilities and Net Assets / Fund Balance$26,402,411$27,020,250▲ $617,839

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$85$51,998$52,083
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Assets Org$-26,378--
Other Securities$1,249,000--
Closely Held Equity Interests$0--
Financial Derivatives$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jocelyn KapalskiPresident/CEOFT$136,125$19,979$156,104

Board Members and Trustees

NameTitle
Michael BeardChairman of Board
Mike JungVice Chairman of Board
James ThackerDirector
Janice RogersDirector
John HantenDirector
Melissa HinchDirector
William AlvarezDirector
Wanda StephanowSecretary of Board
Gary CohenTreasurer of Board
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$273,347
Investment Income
$266,831
Other Revenue
$193,473
Change in Net Assets
$59,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$338,663
Other Expenses$285,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$148,854
Other Salaries and Wages---$119,479
Information Technology---$84,386
Benefits to Members---$49,508
Office Expenses---$46,722
Occupancy---$36,289
Other Employee Benefits---$33,443
Fees for Service Investment Mgmnt Fees---$20,863
Payroll Taxes---$19,751
Pension Plan Contributions---$17,136
Fees for Services Accounting---$11,179
Other Expenses---$6,631
Depreciation Depletion---$3,909
Advertising---$2,235
Conferences and Meetings---$539
Fees for Services Legal---$525
Interest---$2
Total Functional Expenses$0$0$0$673,954
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Shares and Deposits$21,799,411
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 members have rights to elect the members of the Governing Body. The Credit Union's members also receive a share of the Organizations 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

Form 990 is reviewed by the President/CEO prior to filling with the IRS. A Copy of Form 990 is provided to the Board of Directors after the return is filed with the IRS.

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

A review of the Conflicts of Interest is performed by the External Auditor and an Internal Review is completed by Management Staff.

Form 990, Part VI, Section B, Line 15

The CTECU Board requires the President/CEO to provide Salary Surveys from the Cornerstone CU League on comparable CEO salaries across Texas, Alabama, and Oklahoma and different asset size Credit Unions The Chairman of the Board meets with the Executive Committee of the Board (made up of the Chairman, Vice-Chairman, Treasurer, and Secretary). The Chairman then sends a recommendation from the Executive Committee to the rest of the Board of Directors.

Form 990, Part VI, Section C, Line 19

CTECU posts their Annual Meeting Packet that includes the Annual Financial Statement on its website: www.ctecu.org. CTECU does not make its Governing Documents of Conflict of Interest Policy available to the General Public. The Financial data is also available on American Share Insurance website: https://www.americanshare.com/cu-financial. We are privately insured by American Share Insurance in Ohio as voted by our membership in 2015, effective 12.31.2015.

Filing and Contact Details

Filer

Filer Name
C T E C U
EIN
74-1199174
Phone
7132956404
Address
3100 Wilcrest Suite 141, Houston, TX 77042

Signing Officer

Name
Jocelyn Jackie Kapalski
Title
President
Phone
7132956404
Signed
2021-11-15

Organization Details

Principal Officer
Jocelyn Kapalski
Formed
1952
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
17
Raw XML AppendixShowing 400 of 541 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0112181
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt083043
IRS990/AccountsReceivableGrp/BOYAmt023250
IRS990/AccountsReceivableGrp/EOYAmt044595
IRS990/AcctCompileOrReviewBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The mission of CTECU is to offer members exceptional service, competitive interest rates, and sound financial management. This is accomplished by aggressive loan promotions, maximizing return on investments, and responsive member service and education.
IRS990/AdvertisingGrp/TotalAmt02235
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt049508
IRS990/BooksInCareOfDetail/PersonNm0Jocelyn Jackie Kapalski
IRS990/BooksInCareOfDetail/PhoneNum07132956404
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03100 Wilcrest Suite 141
IRS990/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077042
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt027312
IRS990/CashNonInterestBearingGrp/EOYAmt018889
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0148854
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0539
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt049508
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0266831
IRS990/CYOtherExpensesAmt0285783
IRS990/CYOtherRevenueAmt0193473
IRS990/CYProgramServiceRevenueAmt0273347
IRS990/CYRevenuesLessExpensesAmt059697
IRS990/CYSalariesCompEmpBnftPaidAmt0338663
IRS990/CYTotalExpensesAmt0673954
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0733651
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt03909
IRS990/Desc0CTECU provides Home Mortgage loans for the key purchase that most American families make, their home. The Home Mortgages and Refinanced Home loans are at low-competitive market interest rates. CTECU provides low-cost 5-year Home Equity loans. Home Mortgage loans and Home Equity loans for 2020 resulted in 5 loans totaling $1,164,572.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt011179
IRS990/FeesForServicesLegalGrp/TotalAmt0525
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt020863
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt045
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt019979
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Jocelyn Kapalski
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Beard
IRS990/Form990PartVIISectionAGrp/PersonNm2Mike Jung
IRS990/Form990PartVIISectionAGrp/PersonNm3Gary Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm4John Hanten
IRS990/Form990PartVIISectionAGrp/PersonNm5William Alvarez
IRS990/Form990PartVIISectionAGrp/PersonNm6James Thacker
IRS990/Form990PartVIISectionAGrp/PersonNm7Melissa Hinch
IRS990/Form990PartVIISectionAGrp/PersonNm8Janice Rogers
IRS990/Form990PartVIISectionAGrp/PersonNm9Wanda Stephanow
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0136261
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer of Board
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary of Board
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01952
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt00
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0733651
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt084386
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt02
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0266831
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0266831
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016941580
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt018701932
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt0360
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt051998
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03886
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085
IRS990/LandBldgEquipCostOrOtherBssAmt052083
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0The mission of CTECU is to offer members exceptional service, competitive interest rates, and sound financial management. This mission is accomplished by aggressive loan promotions, maximizing return on investments, and responsive member services and education.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt05078099
IRS990/NetAssetsOrFundBalancesEOYAmt05137796
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt036289
IRS990/OfficeExpensesGrp/TotalAmt046722
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01406565
IRS990/OtherAssetsTotalGrp/EOYAmt01385253
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033443
IRS990/OtherExpensesGrp/Desc0Loan Servicing
IRS990/OtherExpensesGrp/Desc1Member Services
IRS990/OtherExpensesGrp/Desc2Association Dues
IRS990/OtherExpensesGrp/Desc3Operating Fees
IRS990/OtherExpensesGrp/TotalAmt038528
IRS990/OtherExpensesGrp/TotalAmt124024
IRS990/OtherExpensesGrp/TotalAmt29951
IRS990/OtherExpensesGrp/TotalAmt36631
IRS990/OtherLiabilitiesGrp/BOYAmt021212131
IRS990/OtherLiabilitiesGrp/EOYAmt021799411
IRS990/OtherRevenueMiscGrp/BusinessCd0522130
IRS990/OtherRevenueMiscGrp/BusinessCd1522130
IRS990/OtherRevenueMiscGrp/Desc0COLI Insurance
IRS990/OtherRevenueMiscGrp/Desc1Refund on NCUA Stabilization of Corp CU
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029456
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1164017
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029456
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1164017
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt0193473
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119479
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07695582
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06610538
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt019751
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt017136
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065019
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0104909
IRS990/PrincipalOfficerNm0Jocelyn Kapalski
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fees and Charges
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0258024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0258024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgSrvcAccomActy2Grp/Desc0CTECU provides low-rate vehicle loans for members. CTECU also provides low-cost Credit Card loans to assist with prudent financial behavior and planning. CTECU provides low-rate Consumer loans for Recreational Vehicles as well as for Boats, Boat motors, and Boat trailers and Motorcycles. CTECU provides Share-secured loans to assist those members who have NO credit history and need to establish credit. Financial counseling and Debt Consolidation loans are provided to assist members with financial difficulties and need guidance with their finances. Vehicle loans for 2020 resulted in 25 loans and $744,073.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt038528
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0150273
IRS990/ProgSrvcAccomActy3Grp/Desc0CTECU provides competitive rates on deposit accounts, promoting thrift among its membership of over 1600 members and promoting prudent financial behavior and planning. CTECU provides Savings accounts, Money Market accounts, IRA accounts, and Share draft-checking accounts as well as Certificates of Deposit (CDs). Dividends are paid monthly. Members have access to their accounts via the Shared Branching Network or Telephone access via Audio Response Unit on a 24/7 access as well as Internet access via MIA and Account Access Worldwide via ATMs and Debit cards. Competitive Rates on Deposit Accounts for 2020 resulted in 2,171 accounts and totaling $21,799,411 in outstanding balances as of 12/31/2020.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt024024
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt058253
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0364047
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0284266
IRS990/PYOtherRevenueAmt029794
IRS990/PYProgramServiceRevenueAmt0328152
IRS990/PYRevenuesLessExpensesAmt0-4863
IRS990/PYSalariesCompEmpBnftPaidAmt0384337
IRS990/PYTotalExpensesAmt0726856
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0721993
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt059697
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt086260
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05078099
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05137796
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0239217
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0154049
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt085
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051998
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052083
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1275758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt295898
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt325713
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt47734
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt56528
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6-26378
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0COLI Insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1American Share Insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2COLI- Cash Surrender Value
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Accrued Interest on Investments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Accrued Interest on Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Accrued Interest on Real Estate Loans
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6Allowance for Loan Losses
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$25.5$20.7$4.82$0.45$0.74$0.28
2021Detailed filing. Detailed filing data is available for this year.$27.7$22.6$5.11$0.65$0.68$0.03
2020Detailed filing. Detailed filing data is available for this year.$27.0$21.9$5.14$0.73$0.67$0.06
2019Detailed filing. Detailed filing data is available for this year.$26.4$21.3$5.08$0.72$0.73$0.00
2018Detailed filing. Detailed filing data is available for this year.$28.2$23.1$5.08$0.75$0.75$0.00
2017Detailed filing. Detailed filing data is available for this year.$33.7$28.6$5.08$0.79$0.80$0.00
2016Detailed filing. Detailed filing data is available for this year.$37.9$32.8$5.09$0.84$0.85$0.01
2015Detailed filing. Detailed filing data is available for this year.$43.2$38.1$5.10$0.89$1.03$0.15
2014Detailed filing. Detailed filing data is available for this year.$49.7$44.5$5.24$0.94$1.10$0.16
2013Detailed filing. Detailed filing data is available for this year.$55.1$49.7$5.40$1.45$1.33$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.9$51.7$5.28$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.4$45.3$5.10$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.8$40.8$5.01$1.87