Centex Citizens Credit Union

“Persons who live, work, worship or attend school in and businesses and other legal entities located in the areas of limestone, freestone, navarro, ellis, falls, henderson, leon & robertson counties and the portion of hill county south of highway 22 and east of i-35 to include hillsboro with the following exclusion: persons that are eligible for primary membership in existing occupational or association-based credit unions in hill county, texas; this also includes the city of mart, texas with the following exclusions: excluding persons who are members or eligible for membership in educators credit union on the basis of being school employees.”

“Each year a quorum of the membership (25 or more members) of centex citizens credit union elects two or three persons to serve three year terms on the board of directors. This quorum convenes at an annual meeting held before june 1st of each year. Each member is allowed one vote and no member is allowed to vote by proxy. 45 days prior to the annual meeting the board of directors appoints a nominating committee of three that determines if the nominee is qualified to serve as a board member.”

“The credit union does not have any committees that have authority to act on behalf of the governing body.”

“A copy of the form 990 is provided to each member of centex citizens credit union's governing body for review. Questions and comments are then submitted to the president for review. When the board of directors are satisfied the report has been completed accurately and correctly, they give final approval for it to be submitted to the irs.”

“All directors, officers and key employees are required to file an annual conflict of interest disclosure statement. Covered individuals (or their families) must completely disclose financial interests held in any organization which may be considered a credit union competitor or business contact. If management concludes that a real or perceived conflict of interest exists, appropriate action to resolve the conflict should be taken. Managers of covered individuals who are engaged in approved outside business activities must maintain an ongoing review of the situation to ensure that changed circumstances do not create violations of this policy. As outlined in credit union procedure, copies of written reports of any disclosures made by covered individuals will be maintained by management. Documentation of covered individuals written acknowledgement of compliance with this code of ethics will also be maintained, as will any modifications.”

“The board of directors appoints a committee which uses the cuna annual compensation survey to assist in determining the president's compensation. Any final decisions regarding compensation are documented in the board minutes. The president determines the compensation for officers and all employees using the same cuna annual compensation survey. All decisions are documented in the employee's personnel file. The process described here was last completed in 2024.”

“Centex citizens credit union makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Change in pension plan assets 168,473.”