Civic Intelligence

My Credit Union

990 • Fiscal year 2017 • EIN 75-1518680

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileWWW.MYCUTX.COM

View Organization Page

5744 Watauga RdWatauga, TX 76148

(817) 428-2463

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

12th percentile

12.30x

Higher debt load relative to revenue than 12% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Net Margin

21st percentile

2.4%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

98th percentile

$194,651

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Source year 2017

Asset Growth

60th percentile

3.3%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

2.8%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)14 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$49,160,199

Up $1,548,221 (+3.3%) from 2016

Net Assets

Up

$4,020,937

Up $87,140 (+2.2%) from 2016

Liabilities

Up

$45,139,262

Up $1,461,081 (+3.3%) from 2016

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin21st percentile

Revenue

Up

$3,670,584

Up $100,133 (+2.8%) from 2016

Expenses

Up

$3,583,444

Up $67,709 (+1.9%) from 2016

Net Income

Up

$87,140

Up $32,424 (+59%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$80M$60M$40M$20M$0Assets 2010: $35,542,279Liabilities 2010: $32,333,411Net Assets 2010: $3,208,8682010Assets 2011: $36,831,608Liabilities 2011: $33,461,477Net Assets 2011: $3,370,1312011Assets 2012: $39,536,870Liabilities 2012: $35,945,025Net Assets 2012: $3,591,8452012Assets 2013: $41,816,778Liabilities 2013: $38,022,050Net Assets 2013: $3,794,7282013Assets 2014: $42,894,398Liabilities 2014: $39,016,204Net Assets 2014: $3,878,1942014Assets 2015: $45,032,153Liabilities 2015: $41,153,072Net Assets 2015: $3,879,0812015Assets 2016: $47,611,978Liabilities 2016: $43,678,181Net Assets 2016: $3,933,7972016Assets 2017: $49,160,199Liabilities 2017: $45,139,262Net Assets 2017: $4,020,9372017Assets 2018: $48,737,216Liabilities 2018: $44,659,936Net Assets 2018: $4,077,2802018Assets 2019: $47,387,792Liabilities 2019: $43,276,754Net Assets 2019: $4,111,0382019Assets 2020: $56,322,144Liabilities 2020: $52,318,107Net Assets 2020: $4,004,0372020Assets 2021: $61,637,293Liabilities 2021: $57,445,467Net Assets 2021: $4,191,8262021Assets 2022: $57,846,660Liabilities 2022: $53,221,285Net Assets 2022: $4,625,3752022Assets 2023: $54,516,067Liabilities 2023: $49,196,167Net Assets 2023: $5,319,9002023Assets 2024: $54,246,770Liabilities 2024: $48,141,221Net Assets 2024: $6,105,5492024

Highlighted filing

2017

Assets$49,160,199
Liabilities$45,139,262
Net Assets$4,020,937
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,395,7782010Expenses 2011: $3,382,4142011Revenue 2012: $3,585,794Expenses 2012: $3,364,080Net Income 2012: $221,7142012Revenue 2013: $3,493,507Expenses 2013: $3,290,624Net Income 2013: $202,8832013Revenue 2014: $3,316,083Expenses 2014: $3,232,616Net Income 2014: $83,4672014Revenue 2015: $3,234,064Expenses 2015: $3,233,177Net Income 2015: $8872015Revenue 2016: $3,570,451Expenses 2016: $3,515,735Net Income 2016: $54,7162016Revenue 2017: $3,670,584Expenses 2017: $3,583,444Net Income 2017: $87,1402017Revenue 2018: $3,628,088Expenses 2018: $3,571,745Net Income 2018: $56,3432018Revenue 2019: $3,484,698Expenses 2019: $3,450,940Net Income 2019: $33,7582019Revenue 2020: $3,187,161Expenses 2020: $3,294,162Net Income 2020: -$107,0012020Revenue 2021: $3,023,305Expenses 2021: $2,835,516Net Income 2021: $187,7892021Revenue 2022: $2,959,002Expenses 2022: $2,525,453Net Income 2022: $433,5492022Revenue 2023: $3,390,223Expenses 2023: $2,695,698Net Income 2023: $694,5252023Revenue 2024: $3,779,586Expenses 2024: $2,993,937Net Income 2024: $785,6492024

Highlighted filing

2017

Revenue$3,670,584
Expenses$3,583,444
Net Income$87,140
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$3,670,584
Mission and Program Overview

Mission

My credit union is a non-profit financial institution owned and governed by its members. The purpose of the credit union is to assist its members in achieving financial security by providing competitive, low-cost financial services consistent with the needs of the membership. The credit union is service oriented and is dedicated to providing services in an efficient, convenient and friendly manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$25,926,494$25,203,112▼ $723,382
Savings and Temporary Cash Investments$16,660,826$19,052,126▲ $2,391,300
Land, Buildings, and Equipment, Net$1,847,218$2,200,931▲ $353,713
Cash and Non-Interest-Bearing Accounts$2,599,534$2,135,129▼ $464,405
Prepaid Expenses and Deferred Charges$75,792$65,674▼ $10,118
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$47,611,978$49,160,199▲ $1,548,221
Other Assets Total$502,114$503,227▲ $1,113
Liabilities
Other Liabilities$42,497,693$44,086,800▲ $1,589,107
Accounts Payable and Accrued Expenses$1,180,488$1,052,462▼ $128,026
Total Liabilities$43,678,181$45,139,262▲ $1,461,081
Net Assets / Fund Balance
Unrestricted Net Assets$3,933,797$4,020,937▲ $87,140
Total Net Assets Fund Balance$3,933,797$4,020,937▲ $87,140
Total Liabilities and Net Assets / Fund Balance$47,611,978$49,160,199▲ $1,548,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,317,481$586,114$1,903,595
Other Land Buildings$8,242$1,049,936$1,058,178
Land$874,769-$874,769
Leasehold Improvements$439$284,886$285,325
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MasseyPresidentFT$175,025$19,626$194,651
Ryan SmithVice PresidentFT$57,394$3,444$60,838

Board Members and Trustees

NameTitle
Thomas BoberChairman
Dennis JohnsonDirector
Sharon BaileyDirector
Toni BlissDirector
Robert DanielSecretary
Beverly GriffithSupervisory COM
Ethelene McculloughSupervisory COM
Gilbert CaldwellSupervisory COM
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,595,191
Investment Income
$26,628
Other Revenue
$48,765
Change in Net Assets
$87,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,195,306
Salaries, Compensation, and Employee Benefits$1,388,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$881,912
Information Technology---$298,555
Current Officers, Directors, Trustees, and Key Employees---$255,489
Occupancy---$234,880
Other Employee Benefits---$131,800
Payroll Taxes---$78,470
Office Expenses---$75,501
Interest---$67,223
Fees for Services Other---$58,070
Insurance---$42,989
Pension Plan Contributions---$40,467
Advertising---$37,437
All Other Expenses---$36,480
Other Expenses---$30,003
Travel---$16,874
Fees for Services Accounting---$13,750
Fees for Services Legal---$10,105
Depreciation Depletion---$8,177
Total Functional Expenses$0$0$0$3,583,444
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$44,086,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“There are no stockholders, only members. Organization is a credit union made up of members who are eligible to join based on specific criteria.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of the form 990 was either emailed or faxed to board members for review and approval prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Internal controls have been put into place that prohibit any teller from initiating transactions on any other members account that could present a conflict of interest”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Compensation of the President and Vice President are established by the board of directors, based on performance and documented in the board meeting minutes.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies, and financial statements are made available for public inspection at the main office located at 5744 watauga rd., watauga, tx 76148 upon request.”

Filing and Contact Details

Filer

Filer Name
My Credit Union
EIN
75-1518680
Phone
8174282463
Address
5744 WATAUGA RD, WATAUGA, TX 76148

Signing Officer

Name
Ryan Smith
Title
Vice President
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
43

Preparer

Firm
Murrey Paschall & Caperton PC
Address
301 E BROAD ST, FORNEY, TX 75126-4110
Preparer
Eric E Paschall
Phone
9725641660
Raw XML AppendixShowing 400 of 469 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/OfficeExpensesGrp/TotalAmt075501
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0502114
IRS990/OtherAssetsTotalGrp/EOYAmt0503227
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131800
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE EXPENSES
IRS990/OtherExpensesGrp/Desc1MEMBER SERVICES EXPENSES
IRS990/OtherExpensesGrp/Desc2PROVISIONS FOR LOANS/OD LOSSES
IRS990/OtherExpensesGrp/Desc3Bank Service Charges
IRS990/OtherExpensesGrp/TotalAmt0912077
IRS990/OtherExpensesGrp/TotalAmt1263497
IRS990/OtherExpensesGrp/TotalAmt289688
IRS990/OtherExpensesGrp/TotalAmt330003
IRS990/OtherLiabilitiesGrp/BOYAmt042497693
IRS990/OtherLiabilitiesGrp/EOYAmt044086800
IRS990/OtherRevenueMiscGrp/Desc0AD&D INSURANCE
IRS990/OtherRevenueMiscGrp/Desc1MRC INCOME
IRS990/OtherRevenueMiscGrp/Desc2NON-MEMBER ATM FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015889
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11375
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt231501
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt015889
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt11375
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt231501
IRS990/OtherRevenueTotalAmt048765
IRS990/OtherSalariesAndWagesGrp/TotalAmt0881912
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt025926494
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt025203112
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt078470
IRS990/PensionPlanContributionsGrp/TotalAmt040467
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075792
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065674
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATIVE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INVESTMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0912077
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11018693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2209432
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31454989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0912077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11018693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2209432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31454989
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt014645
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02212603
IRS990/PYOtherRevenueAmt050586
IRS990/PYProgramServiceRevenueAmt03505220
IRS990/PYRevenuesLessExpensesAmt054716
IRS990/PYSalariesCompEmpBnftPaidAmt01303132
IRS990/PYTotalExpensesAmt03515735
IRS990/PYTotalRevenueAmt03570451
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt087140
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016660826
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019052126
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01317481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0586114
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01903595
IRS990ScheduleD/LandGrp/BookValueAmt0874769
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0874769
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0439
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0284886
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0285325
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08242
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01049936
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01058178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044086800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02200931
IRS990ScheduleD/TotalLiabilityAmt044086800
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt014126
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK MASSEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194651
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt031170
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11067
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2124
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt332024
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt414441
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt58240
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd5X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt5ORG IS CREDIT UNION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt042874
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt14800
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt25000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt443500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt59359
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARK MASSEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1TONI BLISS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2SHARON BAILEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3THOMAS BOBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4GILBERT CALDWELL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm5RYAN SMITH
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4SUPERVISORY COMM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt5VICE PRESIDENT
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5true
IRS990ScheduleL/TotalBalanceDueAmt087066
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO STOCKHOLDERS, ONLY MEMBERS. ORGANIZATION IS A CREDIT UNION MADE UP OF MEMBERS WHO ARE ELIGIBLE TO JOIN BASED ON SPECIFIC CRITERIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS EITHER EMAILED OR FAXED TO BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INTERNAL CONTROLS HAVE BEEN PUT INTO PLACE THAT PROHIBIT ANY TELLER FROM INITIATING TRANSACTIONS ON ANY OTHER MEMBERS ACCOUNT THAT COULD PRESENT A CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation of the President and Vice President are established by the board of directors, based on performance and documented in the board meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION AT THE MAIN OFFICE LOCATED AT 5744 WATAUGA RD., WATAUGA, TX 76148 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,160,199
Liabilities
$45,139,262
Net assets
$4,020,937
Revenue
$3,670,584
Expenses
$3,583,444
Net income
$87,140
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.2$48.1$6.11$3.78$2.99$0.79
2023Detailed filing. Detailed filing data is available for this year.$54.5$49.2$5.32$3.39$2.70$0.69
2022Detailed filing. Detailed filing data is available for this year.$57.8$53.2$4.63$2.96$2.53$0.43
2021Detailed filing. Detailed filing data is available for this year.$61.6$57.4$4.19$3.02$2.84$0.19
2020Detailed filing. Detailed filing data is available for this year.$56.3$52.3$4.00$3.19$3.29$0.11
2019Detailed filing. Detailed filing data is available for this year.$47.4$43.3$4.11$3.48$3.45$0.03
2018Detailed filing. Detailed filing data is available for this year.$48.7$44.7$4.08$3.63$3.57$0.06
2017Detailed filing. Detailed filing data is available for this year.$49.2$45.1$4.02$3.67$3.58$0.09
2016Detailed filing. Detailed filing data is available for this year.$47.6$43.7$3.93$3.57$3.52$0.05
2015Detailed filing. Detailed filing data is available for this year.$45.0$41.2$3.88$3.23$3.23$0.00
2014Detailed filing. Detailed filing data is available for this year.$42.9$39.0$3.88$3.32$3.23$0.08
2013Detailed filing. Detailed filing data is available for this year.$41.8$38.0$3.79$3.49$3.29$0.20
2012Summary only. Only limited summary data is available for this year.$39.5$35.9$3.59$3.59$3.36$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$33.5$3.37$3.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$32.3$3.21$3.40