Civic Intelligence

Texans Credit Union

990 • Fiscal year 2015 • EIN 75-0992590

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileWWW.TEXANSCU.ORG

View Organization Page

777 East Campbell RdRichardson, TX 75081

(972) 348-2000

Siviq Scores

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

Liabilities / Assets

99th percentile

0.97x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

24.19x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Net Margin

100th percentile

46%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Top Officer Pay

6th percentile

$411,407

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)14 • $1B+ nonprofits • Source year 2015

Asset Growth

6th percentile

2.1%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

5.8%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$1,445,267,462

Up $29,951,707 (+2.1%) from 2014

Net Assets

Down

$43,701,124

Down $19,463,413 (-31%) from 2014

Liabilities

Up

$1,401,566,338

Up $49,415,120 (+3.7%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin100th percentile

Revenue

Up

$57,945,268

Up $3,174,673 (+5.8%) from 2014

Expenses

Down

$31,313,258

Down $1,769,614 (-5.3%) from 2014

Net Income

Up

$26,632,010

Up $4,944,287 (+23%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$3.0B$2.0B$1.0B$0Assets 2010: $1,588,899,179Liabilities 2010: $1,553,051,373Net Assets 2010: $35,847,8062010Assets 2011: $1,423,573,338Liabilities 2011: $1,410,129,460Net Assets 2011: $13,443,8782011Assets 2012: $1,439,440,267Liabilities 2012: $1,398,804,122Net Assets 2012: $40,636,1452012Assets 2013: $1,439,440,267Liabilities 2013: $1,398,804,122Net Assets 2013: $40,636,1452013Assets 2014: $1,415,315,755Liabilities 2014: $1,352,151,218Net Assets 2014: $63,164,5372014Assets 2015: $1,445,267,462Liabilities 2015: $1,401,566,338Net Assets 2015: $43,701,1242015Assets 2016: $1,532,014,160Liabilities 2016: $1,471,128,564Net Assets 2016: $60,885,5962016Assets 2017: $1,576,599,979Liabilities 2017: $1,496,376,670Net Assets 2017: $80,223,3092017Assets 2018: $1,572,471,414Liabilities 2018: $1,470,374,110Net Assets 2018: $102,097,3042018Assets 2019: $1,606,022,803Liabilities 2019: $1,468,954,127Net Assets 2019: $137,068,6762019Assets 2020: $1,881,983,731Liabilities 2020: $1,721,847,127Net Assets 2020: $160,136,6042020Assets 2021: $2,114,687,717Liabilities 2021: $1,950,544,686Net Assets 2021: $164,143,0312021Assets 2022: $2,155,551,665Liabilities 2022: $2,027,157,739Net Assets 2022: $128,393,9262022Assets 2023: $2,195,933,253Liabilities 2023: $2,025,027,779Net Assets 2023: $170,905,4742023Assets 2024: $2,243,918,289Liabilities 2024: $2,038,910,445Net Assets 2024: $205,007,8442024

Highlighted filing

2015

Assets$1,445,267,462
Liabilities$1,401,566,338
Net Assets$43,701,124
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

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

$200M$150M$100M$50M$0Expenses 2010: $136,234,9622010Expenses 2011: $178,893,0812011Expenses 2012: $44,339,7332012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $54,770,595Expenses 2014: $33,082,872Net Income 2014: $21,687,7232014Revenue 2015: $57,945,268Expenses 2015: $31,313,258Net Income 2015: $26,632,0102015Revenue 2016: $53,606,474Expenses 2016: $31,944,108Net Income 2016: $21,662,3662016Revenue 2017: $54,562,487Expenses 2017: $35,005,361Net Income 2017: $19,557,1262017Revenue 2018: $60,195,306Expenses 2018: $34,978,264Net Income 2018: $25,217,0422018Revenue 2019: $61,592,504Expenses 2019: $36,349,197Net Income 2019: $25,243,3072019Revenue 2020: $52,798,769Expenses 2020: $37,129,901Net Income 2020: $15,668,8682020Revenue 2021: $56,103,692Expenses 2021: $40,157,461Net Income 2021: $15,946,2312021Revenue 2022: $76,501,082Expenses 2022: $50,324,677Net Income 2022: $26,176,4052022Revenue 2023: $98,558,127Expenses 2023: $74,644,234Net Income 2023: $23,913,8932023Revenue 2024: $123,635,860Expenses 2024: $102,712,885Net Income 2024: $20,922,9752024

Highlighted filing

2015

Revenue$57,945,268
Expenses$31,313,258
Net Income$26,632,010
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$57,945,268
Mission and Program Overview

Mission

Texans credit union is a state chartered credit union formed under the state credit union law and the credit union is member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. The credit unions focus is to improve the economic well-being of our members/owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$624,926,789$663,827,246▲ $38,900,457
Investments in Publicly Traded Securities$600,621,699$594,368,641▼ $6,253,058
Savings and Temporary Cash Investments$113,878,603$117,399,673▲ $3,521,070
Rtn Earn Endowment Incm Other Fnds$63,164,537$43,701,124▼ $19,463,413
Land, Buildings, and Equipment, Net$23,629,221$25,606,712▲ $1,977,491
Cash and Non-Interest-Bearing Accounts$11,933,672$9,501,211▼ $2,432,461
Investments Other Securities$989,600$800,000▼ $189,600
Total Assets$1,415,315,755$1,445,267,462▲ $29,951,707
Other Assets Total$39,336,171$33,763,979▼ $5,572,192
Liabilities
Other Liabilities$1,340,520,697$1,388,609,279▲ $48,088,582
Accounts Payable and Accrued Expenses$11,630,521$12,957,059▲ $1,326,538
Total Liabilities$1,352,151,218$1,401,566,338▲ $49,415,120
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,164,537$43,701,124▼ $19,463,413
Total Liabilities and Net Assets / Fund Balance$1,415,315,755$1,445,267,462▲ $29,951,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,764,561$26,475,142$28,239,703
Buildings$17,487,945$5,740,409$23,228,354
Land$6,345,992-$6,345,992
Leasehold Improvements$8,214$3,621,981$3,630,195
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John Kevin DurranceCEOFT$342,550$68,857$411,407
Andrew SwogerCFOFT$208,238$16,738$224,976
Tanya MccorquodaleGeneral CounFT$176,542$14,887$191,429
Tanya MccorquodaleGeneral Counsel-$176,196$15,233$191,429
Charlotte MorrisonCIOFT$169,751$19,709$189,460
Steve ErpChief LendinFT$142,642$14,743$157,385
Steve ErpChief Lending Office-$142,013$15,372$157,385
Martin CaplingerDirector ofFT$126,729$17,032$143,761
Tiffany ChisnallDirector ofFT$127,818$12,737$140,555
Shelley PenceDirector ofFT$116,264$12,185$128,449
Wendell RitchieInformationFT$104,625$14,265$118,890
Tanya PattersonDirector ofFT$106,456$11,778$118,234
Tracy MontezControllerFT$102,620$11,461$114,081

Highest Paid Contractors

ContractorServicesLocationCompensation
FiservDebit Card ProcPO BOX 99924, Grapevine, TX 76099-9724$4,216,754
AetnaHealth InsPO BOX 804735, Chicago, IL 60680$1,603,181
Ncr CorporationAtm Maint.14181 COLLECTIONS CENTER DR, Chicago, IL 60693$603,469
Entech Sales & Services INCBuilding Mait3404 GARDEN BROOK DRIVE, Dallas, TX 75234$587,137
AllpointWithdrawl Fees7313 WISONSIN AVE SUITE 750 E, Bethesda, MD 20814$196,817
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$43,358,709
Investment Income
$14,586,559
Other Revenue
$0
Change in Net Assets
$26,632,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,964,169
Salaries, Compensation, and Employee Benefits$14,638,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$10,357,203
Occupancy---$4,032,021
Office Expenses---$3,612,861
Benefits to Members---$1,710,911
Other Employee Benefits---$1,522,803
Current Officers, Directors, Trustees, and Key Employees---$1,121,209
Payroll Taxes---$1,058,686
Fees for Services Legal---$765,846
Pension Plan Contributions---$578,277
Advertising---$421,167
Interest---$387,451
Fees for Services Accounting---$192,400
Fees for Services Management---$187,916
Other Expenses---$109,268
Conferences and Meetings---$56,607
All Other Expenses---$-2,717,615
Total Functional Expenses$0$0$0$31,313,258
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$1,388,609,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Yes, the credit union has members which can join the credit union if they meet the "field of membership" requirements, and choose to join.”

Form 990, Page 6, Part VI, Line 7A

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.”

Form 990, Page 6, Part VI, 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, Page 6, Part VI, Line 11B

“The completed form will be reviewed by the tcu ceo. The form will be signed by the cfo.”

Form 990, Page 6, Part VI, Line 12C

“The employees of the organization are required to review and acknowledge the review of the policies when hired into the organization. Quarterly communications are sent to employees notifying them of any changes to the policy. The credit union also provides an anonymous repoting hot-line which is maintained by a third party and results are provided to the internal audit function.”

Form 990, Page 6, Part VI, Line 15A

“The director of hr provides comparative data to the compensation of committee on an annual basis. The comp committee which is made up of 3 members of the board of directors previews this information annually and deliberates to make determinations regarding the performance review process and annual compensation changes of the ceo. They also, when applicable, will provide oversight and approval of any credit union officer's bonus plan.”

Form 990, Page 6, Part VI, Line 15B

“The director of hr provides comparative data to the compensation committee on an annual basis. The comp committee which is made up of 3 members of the board of directors previews this information annually and deliberates to make determinations regarding the performance review process and annual compensation changes officers and key employees. They also, when applicable, will provide oversight and approval of any credit union officer's bonus plan.”

Form 990, Page 6, Part VI, Line 19

“Governing documents that are required to be made available to the public are provided using different methods. Some are provided through posting of signs in public locations such as the lobbies of branch offices. Other governing documents/notices that require annual mailings are provided to the membership as required by mail. The website is also used to provide certain required documents. Financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Texans Credit Union
EIN
75-0992590
Phone
9723482000
Address
777 EAST CAMPBELL RD, RICHARDSON, TX 75081

Signing Officer

Name
Tracy Montez
Title
Controller
Phone
9723482000
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Kevin Durrance
Formed
1953
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
7
Employees
352

Preparer

Firm
Schwartz Cole and Associates LLC
Address
11776 W SAMPLE RD STE 106, CORAL SPRINGS, FL 33065-3180
Preparer
Daniel J Cole
Phone
9547551760
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Texans credit union is a state chartered credit union formed under the state credit union law and the credit union is member-owned cooperative that provides traditional deposit and loan products, as well as other financial services to the membership. The credit unions focus is to improve the economic well-being of our members/owners.”

Form 990

“Item 1, -on april 15, 2011 the national credit union association (ncua) placed texans credit union into "conservatorship". Under this process the existing governing board was removed. Ncua is the governing body after april 15th, 2011. In 2016, subsequent to the year of this filing, the ncua removed the conservatorship status, and returned the credit union back to control by the board of directors. Item 2, -employees are elgibile for discounts on auto loans. The discount is .5% below the apr.”

Form 990, Part XI

“Ncua contribution, subordinated debt shown as equity 0”

Form 990, Part XI, Line 9

“Ncua subordinated debt-repay -40,000,000 change in other compr. Pension -268,720 change in value afs security -5,826,703 total -46,095,423”

Raw XML AppendixShowing 400 of 566 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/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt5INFORMATION
IRS990/Form990PartVIISectionAGrp/TitleTxt6CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL COUN
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF LENDIN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF
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IRS990/ProgSrvcAccomActy2Grp/Desc0SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER TYPES OF DEPOSIT SAVINGS OFFERINGS INCLUDES CERTIFICATES OF DEPOSIT, BOTH REGULAR MEMBER CERTIFICATES AND IRA CERTIFICATES. THE CERTIFICATES PAY INTEREST ON A MONTHLY BASIS.
IRS990/ProgSrvcAccomActy3Grp/Desc0CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE, THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER BALANCES. BOTH PRODUCTS HAVE FEATURES THAT INCLUDE FREE E-SERVICES AND ACCESS TO THOUSANDS OF ATMS.
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IRS990/PYTotalExpensesAmt033082872
IRS990/PYTotalRevenueAmt054770595
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt026475142
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028239703
IRS990ScheduleD/LandGrp/BookValueAmt06345992
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06345992
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08214
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03621981
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03630195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01388609279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025606712
IRS990ScheduleD/TotalLiabilityAmt01388609279
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt217426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt314887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt414743
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt050394
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1375
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt22283
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt3346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt4629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN KEVIN DURRANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANDREW SWOGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CHARLOTTE MORRISON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3TANYA MCCORQUODALE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4STEVE ERP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3GENERAL COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CHIEF LENDING OFFICE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ITEM 1, -ON APRIL 15, 2011 THE NATIONAL CREDIT UNION ASSOCIATION (NCUA) PLACED TEXANS CREDIT UNION INTO "CONSERVATORSHIP". UNDER THIS PROCESS THE EXISTING GOVERNING BOARD WAS REMOVED. NCUA IS THE GOVERNING BODY AFTER APRIL 15TH, 2011. IN 2016, SUBSEQUENT TO THE YEAR OF THIS FILING, THE NCUA REMOVED THE CONSERVATORSHIP STATUS, AND RETURNED THE CREDIT UNION BACK TO CONTROL BY THE BOARD OF DIRECTORS. ITEM 2, -EMPLOYEES ARE ELGIBILE FOR DISCOUNTS ON AUTO LOANS. THE DISCOUNT IS .5% BELOW THE APR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, THE CREDIT UNION HAS MEMBERS WHICH CAN JOIN THE CREDIT UNION IF THEY MEET THE "FIELD OF MEMBERSHIP" REQUIREMENTS, AND CHOOSE TO JOIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS 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/SupplementalInformationDetail/ExplanationTxt5THE COMPLETED FORM WILL BE REVIEWED BY THE TCU CEO. THE FORM WILL BE SIGNED BY THE CFO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE REVIEW OF THE POLICIES WHEN HIRED INTO THE ORGANIZATION. QUARTERLY COMMUNICATIONS ARE SENT TO EMPLOYEES NOTIFYING THEM OF ANY CHANGES TO THE POLICY. THE CREDIT UNION ALSO PROVIDES AN ANONYMOUS REPOTING HOT-LINE WHICH IS MAINTAINED BY A THIRD PARTY AND RESULTS ARE PROVIDED TO THE INTERNAL AUDIT FUNCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION OF COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OF THE CEO. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OFFICERS AND KEY EMPLOYEES. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9GOVERNING DOCUMENTS THAT ARE REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE PROVIDED USING DIFFERENT METHODS. SOME ARE PROVIDED THROUGH POSTING OF SIGNS IN PUBLIC LOCATIONS SUCH AS THE LOBBIES OF BRANCH OFFICES. OTHER GOVERNING DOCUMENTS/NOTICES THAT REQUIRE ANNUAL MAILINGS ARE PROVIDED TO THE MEMBERSHIP AS REQUIRED BY MAIL. THE WEBSITE IS ALSO USED TO PROVIDE CERTAIN REQUIRED DOCUMENTS. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10NCUA CONTRIBUTION, SUBORDINATED DEBT SHOWN AS EQUITY 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11NCUA SUBORDINATED DEBT-REPAY -40,000,000 CHANGE IN OTHER COMPR. PENSION -268,720 CHANGE IN VALUE AFS SECURITY -5,826,703 TOTAL -46,095,423
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0TEXANS CU
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt5CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt6CULS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0CREDIT UNION LIQUIDITY SERVICES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt1CREDIT UNION LIQUIDITY SERVICES

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,445,267,462
Liabilities
$1,401,566,338
Net assets
$43,701,124
Revenue
$57,945,268
Expenses
$31,313,258
Net income
$26,632,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,244$2,039$205$124$103$20.9
2023Detailed filing. Detailed filing data is available for this year.$2,196$2,025$171$98.6$74.6$23.9
2022Detailed filing. Detailed filing data is available for this year.$2,156$2,027$128$76.5$50.3$26.2
2021Detailed filing. Detailed filing data is available for this year.$2,115$1,951$164$56.1$40.2$15.9
2020Detailed filing. Detailed filing data is available for this year.$1,882$1,722$160$52.8$37.1$15.7
2019Detailed filing. Detailed filing data is available for this year.$1,606$1,469$137$61.6$36.3$25.2
2018Detailed filing. Detailed filing data is available for this year.$1,572$1,470$102$60.2$35.0$25.2
2017Detailed filing. Detailed filing data is available for this year.$1,577$1,496$80.2$54.6$35.0$19.6
2016Detailed filing. Detailed filing data is available for this year.$1,532$1,471$60.9$53.6$31.9$21.7
2015Detailed filing. Detailed filing data is available for this year.$1,445$1,402$43.7$57.9$31.3$26.6
2014Detailed filing. Detailed filing data is available for this year.$1,415$1,352$63.2$54.8$33.1$21.7
2013Detailed filing. Detailed filing data is available for this year.$1,439$1,399$40.6$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,439$1,399$40.6$44.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,424$1,410$13.4$179
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,589$1,553$35.8$136