Civic Intelligence

Cte Credit Union

990 • Fiscal year 2012 • EIN 74-1199174

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 28, 2013

Organization ProfileWWW.CTECU.ORG

View Organization Page

PO Box 430 4800 Fournace Bob NoE-133d77402-0430
Siviq Scores

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

Liabilities / Assets

71st percentile

0.91x

Higher debt load relative to assets than 71% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

93rd percentile

13%

Faster asset growth than 93% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$56,943,376

Up $6,494,355 (+13%) from 2011

Net Assets

Up

$5,280,103

Up $178,183 (+3.5%) from 2011

Liabilities

Up

$51,663,273

Up $6,316,172 (+14%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,523,271

Down $97,148 (-6.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

2012

Assets$56,943,376
Liabilities$51,663,273
Net Assets$5,280,103
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2012

Revenue-
Expenses$1,523,271
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 28, 2013
Return Version
2012v2.1
Gross Receipts
$1,701,454
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 low-cost student loans and 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, & 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 & debt consolidation loans are provided to assist members with financial difficulties and need guidance with their finances.
Activity 3
Ctecu provides competitive-rates on deposit accounts, promoting thrift among its membership of over 2,000 members & promoting prudent financial behavior & planning. Ctecu provides savings accts, money market accounts, ira accounts & share draft (checking) accounts as well as above market-rate 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 & account access worldwide via atms & debit cards.
Filing and Contact Details

Filer

EIN
74-1199174
Raw XML Appendix384 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.

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IRS990/Activity2/Description0CTECU PROVIDES LOW-RATE VEHICLE LOANS FOR MEMBERS. CTECU ALSO PROVIDES LOW-COST STUDENT LOANS AND 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, & 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 & DEBT CONSOLIDATION LOANS ARE PROVIDED TO ASSIST MEMBERS WITH FINANCIAL DIFFICULTIES AND NEED GUIDANCE WITH THEIR FINANCES.
IRS990/Activity3/Description0CTECU PROVIDES COMPETITIVE-RATES ON DEPOSIT ACCOUNTS, PROMOTING THRIFT AMONG ITS MEMBERSHIP OF OVER 2,000 MEMBERS & PROMOTING PRUDENT FINANCIAL BEHAVIOR & PLANNING. CTECU PROVIDES SAVINGS ACCTS, MONEY MARKET ACCOUNTS, IRA ACCOUNTS & SHARE DRAFT (CHECKING) ACCOUNTS AS WELL AS ABOVE MARKET-RATE 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 & ACCOUNT ACCESS WORLDWIDE VIA ATMS & DEBIT CARDS.
IRS990/ActivityOrMissionDescription0THE 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.
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IRS990/Description0CTECU PROVIDES HOME MORTGAGE LOANS FOR THE KEY PURCHASE THAT MOST AMERICAN FAMILIES MAKE, THEIR HOME. CTECU ALSO PROVIDES FREE-NO COST, HOME-BUYING WEBINARS TO EDUCATE OUR MEMBERSHIP AND TO PROMOTE PRUDENT FINANCIAL BEHAVIOR AND PLANNING. ALL AT NO COST TO MEMBERSHIP AND POTENTIAL MEMBERS-EMPLOYEES OF CHEVRON CORPORATION. THE HOME MORTGAGES AND REFIANCED HOME LOANS ARE AT LOW-COMPETITIVE MARKET INTEREST RATES.
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IRS990/MissionDescription0CTE 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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IRS990ScheduleO/GeneralExplanation/Explanation0THE 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/Explanation1MEMBERS 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/Explanation2MEMBERS 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/Explanation3FORM 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/Explanation4A REVIEW FOR CONFLICTS OF INTEREST IS PREFORMED BY EXTERNAL AUDITORS AND AN INTERNAL REVIEW IS COMPLETED BY MANAGEMENT STAFF.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CTECU BOARD REQUIRES THE PRESIDENT/CEO TO PROVIDE SALARY SURVEY FROM TEXAS CREDIT UNION LEAGUE (AKA: CORNERSTONE CREDIT UNION LEAGUE) ON COMPARABLE CEO SALARIES ACROSS TEXAS 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.
IRS990ScheduleO/GeneralExplanation/Explanation6CTECU POSTS THEIR ANNUAL MEETING REPORT PACKET THAT INCLUDES THE ANNUAL FINANCIAL STATEMENTS ON ITS WEBSITE: WWW.CTECU.ORG. CTECU DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC. THE FINANCIAL DATA IS ALSO AVAILABLE ON WWW.NCUA.GOV ON A QUARTERLY BASIS VIA THE FORM 5300 CALL REPORTS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE 19 VOLUNTEERS REPORTED CONSIST OF 9 BOARD OF DIRECTORS, 5 CREDIT COMMITTEE MEMBERS, AND 5 AUDIT COMMITTEE MEMBERS.
IRS990ScheduleO/GeneralExplanation/Identifier0TOTAL NUMBER OF VOLUNTEERS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART I, LINE 6
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0TX
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine104800 FOURNACE PLACE BOB/E-133-D
IRS990/TheBooksAreInCareOf/AddressUS/City0BELLAIRE
IRS990/TheBooksAreInCareOf/AddressUS/State0TX
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode077401
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JOCELYN H KAPALSKI
IRS990/TheBooksAreInCareOf/TelephoneNumber07132956404
IRS990/TotalAssets/BOY050449021
IRS990/TotalAssetsBOY050449021
IRS990/TotalAssets/EOY056943376
IRS990/TotalAssetsEOY056943376
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear01523271
IRS990/TotalExpensesPriorYear01620419
IRS990/TotalFunctionalExpenses/Total01523271
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY045347101
IRS990/TotalLiabilitiesBOY045347101
IRS990/TotalLiabilities/EOY051663273
IRS990/TotalLiabilitiesEOY051663273
IRS990/TotalLiabNetAssetsFundBalances/BOY050449021
IRS990/TotalLiabNetAssetsFundBalances/EOY056943376
IRS990/TotalNbrEmployees014
IRS990/TotalNbrVolunteers019
IRS990/TotalNetAssetsFundBalances/BOY05101920
IRS990/TotalNetAssetsFundBalances/EOY05280103
IRS990/TotalOtherCompensation016454
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue0314267
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0124583
IRS990/TotalRevenueCurrentYear01701454
IRS990/TotalRevenue/ExclusionAmount01387187
IRS990/TotalRevenuePriorYear01709709
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0314267
IRS990/TotalRevenue/TotalRevenueColumn01701454
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/Travel/Total014956
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0WWW.CTECU.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01952
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0741199174
ReturnHeader/Filer/Name/BusinessNameLine10CTE CREDIT UNION
ReturnHeader/Filer/NameControl0CTEC
ReturnHeader/Filer/Phone07132956404
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 430 4800 FOURNACE BOB NO
ReturnHeader/Filer/USAddress/AddressLine20E-133D
ReturnHeader/Filer/USAddress/City0BELLAIRE
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode0774020430
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-10-28
ReturnHeader/Officer/Name0JOCELYN KAPALSKI
ReturnHeader/Officer/Phone07132956404
ReturnHeader/Officer/Title0PRESIDENT/CEO
ReturnHeader/PreparerFirm/EIN0420714325
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10MCGLADREY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10801 NICOLLET MALL SUITE 1100
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MINNEAPOLIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode055402
ReturnHeader/Preparer/Name0GERALD B KISSELL
ReturnHeader/Preparer/Phone06123324300
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-10-31T08:55:09-05:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$56,943,376
Liabilities
$51,663,273
Net assets
$5,280,103
Revenue
-
Expenses
$1,523,271
Net income
-
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