Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.90x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$50,449,021
Up $4,623,326 (+10%) from 2010
Net Assets
Up$5,101,920
Up $89,290 (+1.8%) from 2010
Liabilities
Up$45,347,101
Up $4,534,036 (+11%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$1,620,419
Down $244,810 (-13%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Oct 25, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $1,709,709
Mission and Program Overview
Mission
The mission of cte credit union 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 service and education.
Major Activities
- Activity 2
- Ctecu provides low-rate vehicle loans for members. Ctecu also provides free-no cost semi-annual car buying seminars to educate our membership and promote prudent financial behavior and planning. All at no cost to membership and potential members-employees of chevron corporation. Ctecu provides low-cost consumer loans for recreational vehicles as well as boats, boat motors & trailers and motorcycles. Ctecu also provides share secured loans to assist membership in establishing credit history if they have no credit history. Financial counseling is provided for those members that may have financial difficulties and need guidance with their finances. Debt consolidation loans and other unsecured signature loans are also available.
- Activity 3
- Ctecu offers competitive interest rate returns, promoting thrift amoung our membership of over 2,100 members, thus promotiing prudent financial behavior and planning. Ctecu provided above market rates for shares (savings) accounts, ira accounts, and share draft (checking) accounts as well as above market cd-certificate of deposits. Dividends are paid monthly. Keeping our operating cost down and paying above market returns on our members deposits. Members have access to their accounts via the shared branching network or telephone access via aru-audio response unit on a 24/7 basis, as well as internet access via mia-member's internet access on a 24/7 basis, and access to atm's worldwide via atm or debit cards.
Filing and Contact Details
Filer
- EIN
- 74-1199174
Raw XML AppendixShowing 400 of 405 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 |
|---|---|---|
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| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/Activity2/Description | 0 | CTECU PROVIDES LOW-RATE VEHICLE LOANS FOR MEMBERS. CTECU ALSO PROVIDES FREE-NO COST SEMI-ANNUAL CAR BUYING SEMINARS TO EDUCATE OUR MEMBERSHIP AND PROMOTE PRUDENT FINANCIAL BEHAVIOR AND PLANNING. ALL AT NO COST TO MEMBERSHIP AND POTENTIAL MEMBERS-EMPLOYEES OF CHEVRON CORPORATION. CTECU PROVIDES LOW-COST CONSUMER LOANS FOR RECREATIONAL VEHICLES AS WELL AS BOATS, BOAT MOTORS & TRAILERS AND MOTORCYCLES. CTECU ALSO PROVIDES SHARE SECURED LOANS TO ASSIST MEMBERSHIP IN ESTABLISHING CREDIT HISTORY IF THEY HAVE NO CREDIT HISTORY. FINANCIAL COUNSELING IS PROVIDED FOR THOSE MEMBERS THAT MAY HAVE FINANCIAL DIFFICULTIES AND NEED GUIDANCE WITH THEIR FINANCES. DEBT CONSOLIDATION LOANS AND OTHER UNSECURED SIGNATURE LOANS ARE ALSO AVAILABLE. |
| IRS990/Activity3/Description | 0 | CTECU OFFERS COMPETITIVE INTEREST RATE RETURNS, PROMOTING THRIFT AMOUNG OUR MEMBERSHIP OF OVER 2,100 MEMBERS, THUS PROMOTIING PRUDENT FINANCIAL BEHAVIOR AND PLANNING. CTECU PROVIDED ABOVE MARKET RATES FOR SHARES (SAVINGS) ACCOUNTS, IRA ACCOUNTS, AND SHARE DRAFT (CHECKING) ACCOUNTS AS WELL AS ABOVE MARKET CD-CERTIFICATE OF DEPOSITS. DIVIDENDS ARE PAID MONTHLY. KEEPING OUR OPERATING COST DOWN AND PAYING ABOVE MARKET RETURNS ON OUR MEMBERS DEPOSITS. MEMBERS HAVE ACCESS TO THEIR ACCOUNTS VIA THE SHARED BRANCHING NETWORK OR TELEPHONE ACCESS VIA ARU-AUDIO RESPONSE UNIT ON A 24/7 BASIS, AS WELL AS INTERNET ACCESS VIA MIA-MEMBER'S INTERNET ACCESS ON A 24/7 BASIS, AND ACCESS TO ATM'S WORLDWIDE VIA ATM OR DEBIT CARDS. |
| IRS990/ActivityOrMissionDescription | 0 | THE MISSION OF CTE CREDIT UNION 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 AND PROMPT MEMBER SERVICE. CTE CREDIT UNION IS DEDICATED TO PROVIDING EDUCATION TO MEMBERSHIP AND PROMOTING PRUDENT FINANCIAL BEHAVIOR AND PLANNING. |
| IRS990/ActivityOther/Description | 0 | CTECU PROVIDES NO FEE MASTERCARD CREDIT CARDS, MINIMAL FEE VISA DEBIT CARDS, AND ATM CARDS. MEMBERS HAVE ACCESS TO THEIR ACCOUNTS VIA THE SHARED BRANCHING NETWORK OR TELEPHONE ACCESS VIA ARU (AUDIO RESPONSE UNIT), AS WELL AS INTERNET ACCESS VIA MIA (MEMBER'S INTERNET ACCESS) ON A 24/7 BASIS. MEMBERS ALSO HAVE ACCESS TO ATMS WORLDWIDE VIA ATM OR DEBIT CARDS. |
| IRS990/AddressChange | 0 | X |
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| IRS990/Description | 0 | CTECU PROVIDES HOME MORTGAGE LOANS FOR THE KEY PURCHASE MOST AMERICAN FAMILIES MAKE, THEIR HOME. CTECU ALSO PROVIDES FREE-NO COST SEMI-ANNUAL HOME-BUYING SEMINARS TO EDUCATE OUR MEMBERSHIP AND PROMOTE PRUDENT FINANCIAL BEHAVIOR AND PLANNING. ALL AT NO COST TO MEMBERSHIP AND POTENTIAL MEMBERS-EMPLOYEES OF CHEVRON CORPORATION. |
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| IRS990/MissionDescription | 0 | CTE CREDIT UNION (CTECU) IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO IT'S MEMBERS. CTECU IS A FEDERALLY INSURED CREDIT UNION VIA THE NATIONAL CREDIT UNION ADMINISTRATION'S SHARE INSURANCE FUND (NCUSIF). CTECU IS A STATE CHARTERED CREDIT UNION REGULATED BY THE STATE OF TEXAS CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION (NCUA). CTECU OFFERS PRODUCTS AND SERVICES IN SIX PRIMARY AREAS: SHARE ACCOUNTS, TERM SHARE CERTIFICATES OF DEPOSIT, IRA - INDIVIDUAL RETIREMENT ACCOUNTS, SHARE DRAFT (CHECKING) ACCOUNTS, CONSUMER LOANS, AND REAL ESTATE LOANS. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE CREDIT UNION HOLDS FUNDS IN ESCROW IN ORDER TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN MEMBERS. |
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| IRS990ScheduleD/OtherSecurities/Description | 2 | DEPOSITS IN CORP FEDERAL CREDIT UNIONS |
| IRS990ScheduleD/OtherSecurities/MethodOfValuation | 0 | C |
| IRS990ScheduleD/OtherSecurities/MethodOfValuation | 1 | C |
| IRS990ScheduleD/OtherSecurities/MethodOfValuation | 2 | C |
| IRS990ScheduleD/TotalOfAmounts | 0 | 45230748 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 53552 |
| IRS990ScheduleD/TotalOfBookValueSecurities | 0 | 42148058 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | CTE CREDIT UNION ADDED MOBILE BANKING AND UPDATED THEIR WEBSITE, AUDIO-RESPONSE ACCESS AND BILL PAY PROGRAM. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | 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 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR OTHERWISE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FILING WITH THE IRS. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AFTER THE RETURN IS FILED WITH THE IRS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | A REVIEW FOR CONFLICTS OF INTEREST IS PREFORMED BY EXTERNAL AUDITORS AND AN INTERNAL REVIEW IS COMPLETED BY MANAGEMENT STAFF. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | THE CHAIRMAN OF THE BOARD SEEKS COMPARABLE DATA FROM TCUL SALARY SURVEY AND PROVIDES RECOMMENDATIONS TO THE REMAINDER OF THE BOARD. THE PRESIDENT/CEO PREPARES EMPLOYEE REVIEWS FOR THE BOARD'S REVIEW ON THE ASSISTANT MANAGER/EVP-CFO AND OPERATIONS MANAGER/EVP-COO AND BRANCH MANAGERS ALONG WITH COMPARABLE DATA FROM TCUL SALARY SURVEY AND RECOMMENDATIONS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILALBE UPON WRITTEN REQUEST AND ARE POSTED ON THE CREDIT UNION'S WEB SITE. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | NEW PROGRAM SERVICES |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART III, LINE 2 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 1 |
| IRS990/StateLegalDomicile | 0 | TX |
| IRS990/SubjectToProxyTax | 0 | 0 |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | PO BOX 430 4800 FOURNACE BOB NO |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | BELLAIRE |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | TX |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 774020430 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | THE ORGANIZATION |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 7132956404 |
| IRS990/TotalAssets/BOY | 0 | 45825695 |
| IRS990/TotalAssetsBOY | 0 | 45825695 |
| IRS990/TotalAssets/EOY | 0 | 50449021 |
| IRS990/TotalAssetsEOY | 0 | 50449021 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalExpensesCurrentYear | 0 | 1620419 |
| IRS990/TotalExpensesPriorYear | 0 | 1865229 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 1620419 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 40813065 |
| IRS990/TotalLiabilitiesBOY | 0 | 40813065 |
| IRS990/TotalLiabilities/EOY | 0 | 45347101 |
| IRS990/TotalLiabilitiesEOY | 0 | 45347101 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 45825695 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 50449021 |
| IRS990/TotalNbrEmployees | 0 | 12 |
| IRS990/TotalNbrVolunteers | 0 | 19 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 5012630 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 5101920 |
| IRS990/TotalOtherCompensation | 0 | 16326 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceRevenue | 0 | 341271 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 116523 |
| IRS990/TotalRevenueCurrentYear | 0 | 1709709 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 1368438 |
| IRS990/TotalRevenuePriorYear | 0 | 1765332 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 341271 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 1709709 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 0 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/Travel/Total | 0 | 13291 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 0 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.CTECU.ORG |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 1952 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 741199174 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | CTE CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | CTEC |
| ReturnHeader/Filer/Phone | 0 | 7132956404 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 430 4800 FOURNACE BOB NO |
| ReturnHeader/Filer/USAddress/AddressLine2 | 0 | E-133D |
| ReturnHeader/Filer/USAddress/City | 0 | BELLAIRE |
| ReturnHeader/Filer/USAddress/State | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 774020430 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2012-10-25 |
| ReturnHeader/Officer/Name | 0 | JOCELYN KAPALSKI |
| ReturnHeader/Officer/Phone | 0 | 7132956404 |
| ReturnHeader/Officer/Title | 0 | PRESIDENT/CEO |
| ReturnHeader/PreparerFirm/EIN | 0 | 420714325 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | MCGLADREY LLP |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 801 NICOLLET MALL SUITE 1100 |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | MN |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 55402 |
| ReturnHeader/Preparer/Name | 0 | GERALD B KISSELL |
| ReturnHeader/Preparer/Phone | 0 | 6123324300 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $50,449,021
- Liabilities
- $45,347,101
- Net assets
- $5,101,920
- Revenue
- -
- Expenses
- $1,620,419
- Net income
- -