Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
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
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
$34,404,194
No earlier filing loaded for comparison.
Net Assets
$3,017,884
No earlier filing loaded for comparison.
Liabilities
$31,386,310
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
$1,601,960
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2010 to Dec 31, 2010
- Signed
- Aug 16, 2011
- Return Version
- 2010v3.4
- Gross Receipts
- $1,529,736
Mission and Program Overview
Mission
Our mission is to provide quality financial services to our members. We are dedicated to provising loans at reasonable rates, promoting thrift and maintaining financial stability to safeguard the assets of freestone credit union. At the same time, we will offer these services with professionalism, integrity and innovation to provide for the individual needs of each member. Although soundness and safety of op0erations is imperative, service in a cooperative spirit is vital.
Major Activities
- Activity 2
- Checking accounts: freestone credit union provides checking accounts for consumers with various features. Once opened with $100 no minimum balance is required. Accounts with balances that remain above $500 per month, earn dividends paid monthly. Checking accounts are free of service charges, with free atm or debit cards (with approval). Pc internet banking with text messaging, telephone audio banking, and bill pay are also available free of charge by application. Freestone credit union also has smart club checking (seniors make accounts real treasures) for our membes 55 years of age and older with the above services club checks as needed. Star club checking (students today are responsible) for full-time college students with above services plus free club checks. Freestone credit union also offers student checking accounts for teens ages 13-18 opened with only $25 with parent signature.
- Activity 3
- Consumer loans: one of freestone credit union primary goals is to provide a reliable source of credit for its member's needs. Loans are made for most productive purposes; to pay debts; to purchase cars, boats or other vehicles; to meet medical needs or education expenses; to buy furniture, appliance and more. Consumer life and disability insurance is available on any of these loan types. Gap and extended warranties are also available on auto loans. It is easy. Just fill out an application furnished by the credit union. Loans are made in accordance with policies established by the board of directors, and are granted based upon credit history, need and ability to repay. Loan officers look for reasons to approve loans, not disapprove them. All loan applications are confidential and you may apply for a loan when you have $25 in your share account. Freestone credit union also offers mortgage loans, construction loans, land loans, home improvement loans and home equity loans.
Filing and Contact Details
Filer
- EIN
- 74-1250330
Raw XML Appendix371 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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|---|---|---|
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| IRS990/Activity2/Description | 0 | CHECKING ACCOUNTS: FREESTONE CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES. ONCE OPENED WITH $100 NO MINIMUM BALANCE IS REQUIRED. ACCOUNTS WITH BALANCES THAT REMAIN ABOVE $500 PER MONTH, EARN DIVIDENDS PAID MONTHLY. CHECKING ACCOUNTS ARE FREE OF SERVICE CHARGES, WITH FREE ATM OR DEBIT CARDS (WITH APPROVAL). PC INTERNET BANKING WITH TEXT MESSAGING, TELEPHONE AUDIO BANKING, AND BILL PAY ARE ALSO AVAILABLE FREE OF CHARGE BY APPLICATION. FREESTONE CREDIT UNION ALSO HAS SMART CLUB CHECKING (SENIORS MAKE ACCOUNTS REAL TREASURES) FOR OUR MEMBES 55 YEARS OF AGE AND OLDER WITH THE ABOVE SERVICES CLUB CHECKS AS NEEDED. STAR CLUB CHECKING (STUDENTS TODAY ARE RESPONSIBLE) FOR FULL-TIME COLLEGE STUDENTS WITH ABOVE SERVICES PLUS FREE CLUB CHECKS. FREESTONE CREDIT UNION ALSO OFFERS STUDENT CHECKING ACCOUNTS FOR TEENS AGES 13-18 OPENED WITH ONLY $25 WITH PARENT SIGNATURE. |
| IRS990/Activity3/Description | 0 | CONSUMER LOANS: ONE OF FREESTONE CREDIT UNION PRIMARY GOALS IS TO PROVIDE A RELIABLE SOURCE OF CREDIT FOR ITS MEMBER'S NEEDS. LOANS ARE MADE FOR MOST PRODUCTIVE PURPOSES; TO PAY DEBTS; TO PURCHASE CARS, BOATS OR OTHER VEHICLES; TO MEET MEDICAL NEEDS OR EDUCATION EXPENSES; TO BUY FURNITURE, APPLIANCE AND MORE. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. GAP AND EXTENDED WARRANTIES ARE ALSO AVAILABLE ON AUTO LOANS. IT IS EASY. JUST FILL OUT AN APPLICATION FURNISHED BY THE CREDIT UNION. LOANS ARE MADE IN ACCORDANCE WITH POLICIES ESTABLISHED BY THE BOARD OF DIRECTORS, AND ARE GRANTED BASED UPON CREDIT HISTORY, NEED AND ABILITY TO REPAY. LOAN OFFICERS LOOK FOR REASONS TO APPROVE LOANS, NOT DISAPPROVE THEM. ALL LOAN APPLICATIONS ARE CONFIDENTIAL AND YOU MAY APPLY FOR A LOAN WHEN YOU HAVE $25 IN YOUR SHARE ACCOUNT. FREESTONE CREDIT UNION ALSO OFFERS MORTGAGE LOANS, CONSTRUCTION LOANS, LAND LOANS, HOME IMPROVEMENT LOANS AND HOME EQUITY LOANS. |
| IRS990/ActivityOrMissionDescription | 0 | FREESTONE CREDIT UNION IS A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE. OUR MISSION IS TO PROVIDE FINANCIAL SERVICES AND RELATED PRODUCTS TO OUR MEMBERS. WE ARE DEDICATED TO PROVIDING LOANS AT REASONABLE RATES, PROMOTING THRIFT AND MAINTAINING FINANCIAL STABILITY WITH SERVICE IN A COOPERATIVE SPIRIT. |
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| IRS990/Description | 0 | SHARE ACCOUNTS: FREESTONE CREDIT UNION SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THERE IS NO MAXIMUM ON THE ACCOUNT WHICH CAN BE DEPOSITED. SHARES MAY BE WITHDRAWN AT ANY TIME, HOWEVER, A MINIMUM DEPOSIT OF $25 MUST REMAIN IN THE ACCOUNT IF CONTINUED MEMBERSHIP IS DESIRED. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. THERE IS NO SERVICE CHARGE ON THIS ACCOUNT. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN, TEENAGERS AND COLLEGE STUDENTS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHRISTMAS AND VACATION CLUB ACCOUNTS ARE AVAILABLE WITH $10 MINIMUM TO OPEN EITHER OF THESE ACCOUNTS. DIVIDENDS ARE PAID QUARTERLY. AUTOMATIC TRANSFER FROM SAVINGS OR CHECKING ARE AVAILABLE AS WELL AS DIRECT DEPOSIT. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | FCU IS A FINANCIAL COOPERATIVE SERVING PERSONS IN A 5 COUNTY AREA OF CENTRAL TEXAS WHO, IN ORDER TO PARTICIPATE, MUST BECOME A MEMBER. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | EACH MEMBER HAS 1 VOTE IN THE AFFAIRS OF FCU, INCLUDING ELECTING ALL SEVEN MEMBERS OF THE BOARD OF DIRECTORS ON AN "AT LARGE" BASIS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE FORM 990 IS REVIEWED IN A REGULAR BOARD OF DIRECTORS MEETING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | OUR BOARD OF DIRECTORS CONSISTS OF AN ATTORNEY, 2 TEACHERS, 2 RETIRED RAILROAD EMPLOYEES, AN ACCOUNTANT AND A MEDICAL CFNP. ANY CONTRACTS WHERE A POSSIBLE CONFLICT OF INTEREST MIGHT EXIST, DIRECTORS ARE ASKED TO RECUSE THEMSELVES FROM ANY DISCUSSION OR ACTION ON THAT ITEM. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE CEO'S SALARY IS DISCUSSED AND APPROVED BY BOARD OF DIRECTORS. THE PRESIDENT DETERMINES AND APPROVED ALL OTHER EMPLOYEE SALARIES. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | MADE AVAILABLE UPON REQUEST. NOTICES ON WEBSITE. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
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| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/ScheduleORequired | 0 | 1 |
| IRS990/School | 0 | 0 |
| IRS990/SignificantChange | 0 | 0 |
| IRS990/SignificantNewProgramServices | 0 | 0 |
| IRS990/StateLegalDomicile | 0 | TX |
| IRS990/TaxablePartyNotification | 0 | 0 |
| IRS990/TaxExemptBonds | 0 | 0 |
| IRS990/Terminated | 0 | 0 |
| IRS990/TermOrPermanentEndowments | 0 | 0 |
| IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1 | 0 | 613 MAIN ST |
| IRS990/TheBooksAreInCareOf/AddressUS/City | 0 | TEAGUE |
| IRS990/TheBooksAreInCareOf/AddressUS/State | 0 | TX |
| IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode | 0 | 75860 |
| IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1 | 0 | DEANNE HARRIS |
| IRS990/TheBooksAreInCareOf/TelephoneNumber | 0 | 2547392594 |
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| IRS990/TotalAssetsBOY | 0 | 32389896 |
| IRS990/TotalAssets/EOY | 0 | 34404194 |
| IRS990/TotalAssetsEOY | 0 | 34404194 |
| IRS990/TotalCompGT150K | 0 | 0 |
| IRS990/TotalExpensesCurrentYear | 0 | 1601960 |
| IRS990/TotalExpensesPriorYear | 0 | 1668292 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 1601960 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 19142 |
| IRS990/TotalLiabilities/BOY | 0 | 29299789 |
| IRS990/TotalLiabilitiesBOY | 0 | 29299789 |
| IRS990/TotalLiabilities/EOY | 0 | 31386310 |
| IRS990/TotalLiabilitiesEOY | 0 | 31386310 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 32389896 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 34404194 |
| IRS990/TotalNbrEmployees | 0 | 12 |
| IRS990/TotalNbrVolunteers | 0 | 7 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 3090107 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 3017884 |
| IRS990/TotalOtherCompensation | 0 | 0 |
| IRS990/TotalOthProgramServiceRevenue/TotalRevenueColumn | 0 | 79951 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceRevenue | 0 | 1141022 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 180647 |
| IRS990/TotalRevenueCurrentYear | 0 | 1529736 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 1688859 |
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| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 19142 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/Travel/Total | 0 | 36585 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 1 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.FREESTONECU.ORG |
| IRS990/WhistleblowerPolicy | 0 | 1 |
| IRS990/YearFormation | 0 | 1952 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 741250330 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | FREESTONE CREDIT UNION |
| ReturnHeader/Filer/NameControl | 0 | FREE |
| ReturnHeader/Filer/Phone | 0 | 2547392594 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 210 |
| ReturnHeader/Filer/USAddress/City | 0 | TEAGUE |
| ReturnHeader/Filer/USAddress/State | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 75860 |
| ReturnHeader/Officer/AuthorizeThirdParty | 0 | 1 |
| ReturnHeader/Officer/DateSigned | 0 | 2011-08-16 |
| ReturnHeader/Officer/Name | 0 | DEANNE HARRIS |
| ReturnHeader/Officer/Phone | 0 | 2547392594 |
| ReturnHeader/Officer/Title | 0 | PRESIDENT |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | CLIFTON GUNDERSON LLP |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 3003 N CENTRAL AVE STE 500 |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | PHOENIX |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | AZ |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 85012 |
| ReturnHeader/Preparer/Name | 0 | K FINCHER |
| ReturnHeader/Preparer/Phone | 0 | 6022662248 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2010-01-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2010-12-31 |
| ReturnHeader/TaxYear | 0 | 2010 |
| ReturnHeader/Timestamp | 0 | 2011-08-26T19:35:11-05:00 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $34,404,194
- Liabilities
- $31,386,310
- Net assets
- $3,017,884
- Revenue
- -
- Expenses
- $1,601,960
- Net income
- -