2024-11-15T09:39:38-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 741288659 UNITED HERITAGE CREDIT UNION UNIT 5124354270 PO BOX 202020 AUSTIN TX 78720 MICHAEL VER SCHUUR PRESIDENT/CEO 5124354270 2024-11-14 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-14 2023 2024-10-15 13:58:12Z MICHAEL VER SCHUUR PO BOX 202020 AUSTIN TX 78720 79701411 0 X WWW.UHCU.ORG X 1957 TX UHCU IS A NOT-FOR-PROFIT COOPERATIVE PROVIDING FINANCIAL SERVICES TO ITS MEMBERS. 9 9 290 0 1267250 886183 0 0 64856318 73390179 2098516 6311232 0 0 66954834 79701411 0 0 4497978 12946273 22776436 28167653 0 0 0 22702547 31353623 49976961 72467549 16977873 7233862 1520494758 1534688042 1397052594 1403732234 123442164 130955808 UHCU PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS AND PROVIDES INSURANCE AND INVESTMENT BROKERAGE SERVICES TO MEMBERS THROUGH THIRD PARTY RELATIONSHIPS. 0 0 LOANS: CREDIT UNIONS PROVIDE CONSUMER LOANS OF ALL TYPES, INCLUDING VEHICLE LOANS, UNSECURED LOANS, AND CREDIT CARDS. SOME CREDIT UNIONS OFFER RESIDENTAIL MORTGAGES AND SMALL BUSINESS LOANS. CREDIT UNIONS MAY ALSO OFFER RELATED SERVICES SUCH AS CREDIT, LIFE, OR DISABILITY INSURANCE. SHARE SAVINGS ACCOUNTS: ALL CREDIT UNIONS OFFER SHARE SAVINGS ACCOUNTS WHICH PAY DIVIDENDS MONTHLY. MANY CREDIT UNIONS OFFER SPECIAL SAVINGS ACCOUNTS FOR MINORS OR ACCOUNTS FOR HOLIDAY SAVINGS. CHECKING ACCOUNTS: CREDIT UNIONS OFFER CHECKING ACCOUNTS WITH VARYING FEATURES, FROM FREE ACCOUNTS TO MONEY MARKET ACCOUNTS. MANY CHECKING ACCOUNTS HAVE ATM ACCESS, DEBIT CARD ACCESS, AS WELL AS ON-LINE BENEFITS, SUCH AS BILL PAYING. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 18512 0 1 290 1 1 1 0 0 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X REBECCA ELLIOTT 5124354270 PO BOX 202020 AUSTIN TX 78720 MICHAEL TREVINO BOARD MEMBER 2.00 X 16464 0 450 VALENTIN VELASQUEZ BOARD MEMBER 2.00 X 15765 0 450 EDWARD CLEMENTS BOARD MEMBER 2.00 X 15065 0 450 HAROLD KEYES BOARD MEMBER - CHAIRPERSON 4.00 X X 14681 0 450 ROBERT HOOTKINS BOARD MEMBER 2.00 X 13661 0 450 ROBERT SPURCK BOARD MEMBER 2.00 X 13000 0 797 AMBER SHAMMAS BOARD MEMBER 2.00 X 13000 0 450 TOMMY LUEDERS BOARD MEMBER 2.00 X 13000 0 238 BRENDA HENRY BOARD MEMBER 2.00 X 13000 0 15 WILFORD SCHROEDER PRESIDENT/CEO (PART YEAR) 40.00 X 1183452 0 48810 MICHAEL VER SCHUUR PRESIDENT/CEO 40.00 X 975599 0 64772 SAMANTHA HESS COO 40.00 X 371495 0 50477 NATHAN BROWN CTO 40.00 X 159589 0 8807 MATTHEW LYMAN CLO 40.00 X 157004 0 10106 TROY GARRY CFO 40.00 X 67204 0 0 SARA VARA VP HR 40.00 X 328098 0 46197 DIANE BROWN VP INFO SVCS/CORE SVCS 40.00 X 290791 0 38497 REBECCA ELLIOTT VP FINANCE 40.00 X 277220 0 45081 KAREN WILKERSON VP RISK MGT/ISO 40.00 X 274767 0 43773 JACOB BERNHARD VP RE LENDING 40.00 X 274139 0 42454 DEENA MASSA VP BRANCH OPERATIONS 40.00 X 269614 0 46607 KRISTIE SIMO VP CONSUMER LENDING 40.00 X 281438 0 27602 JOSHUA ROBLES VP COMMERCIAL LENDING 40.00 X 261064 0 34540 DALE TRIPP VP OF COMPLIANCE 40.00 X 245937 0 43618 KEVIN FARLEY VP EXPERIENCE & ENGAGEMENT 40.00 X 239271 0 17999 KAREN POLLACK VP OF DIGITAL 40.00 X 190835 0 9999 STUART GEHRKE AVP INFORMATION TECHNOLOGY 40.00 X 167226 0 57439 KERI BROWN AVP PROJECT MANAGEMENT 40.00 X 189151 0 27226 CHARLES SHASKY AVP LEARNING & DEVELOPMENT 40.00 X 161151 0 46340 CHAD HUDSON AVP CONSUMER LOAN OPS 40.00 X 177638 0 20684 SEBRINA CRAWFORD VP OPERATIONS 40.00 X 148310 0 7775 MARK WOODBRIDGE AVP OF FINANCE 40.00 X 168180 0 32300 6986809 0 774853 45 0 1 0 C BROOKS CONSTRUCTION LLC 8601 RR 222 BLDG 1 STE 105 AUSTIN TX 78730 BUILDING CONSTRUCTION 1810691 BRUCE ELFANT TAX ASSESSORCOLLECTOR PO BOX 149328 AUSTIN TX 787149328 REAL AND PERSONAL PROPERTY TAX COLLECTOR 948582 SHI CORPORATION PO BOX 952121 DALLAS TX 753952121 COMPUTER HARDWARE AND SOFTWARE 923471 Q2 SOFTWARE PO BOX 205970 DALLAS TX 753205970 MOBILE BANKING PLATFORM 823718 GOOGLE LLC PO BOX 883654 LOS ANGELES CA 900883654 INTERNET SEARCH 703991 47 LOAN INTEREST 522100 57113430 57113430 FEE INCOME 522100 12511812 12511812 OTHER OPERATING INCOME 522100 3764937 2497687 1267250 73390179 6311232 6311232 79701411 72122929 1267250 6311232 12946273 6558242 16214121 1963170 1894599 1537521 83714 159716 55365 1837408 2295869 1039504 5253046 360629 7267137 3639681 251369 AUTOMATIC TELLER PROCES 3430224 DATA PROCESSING 2075600 PROVISION FOR CREDIT LO 1739523 MISCELLANEOUS 1448756 416082 72467549 57865532 100440612 5060000 4464000 6625 132158 1331717258 1308466890 3148673 3709144 99401894 29379736 71704317 70022158 29016990 23675817 21975363 23777263 1520494758 1534688042 17822825 20710752 75000000 99000000 1304229769 1284021482 1397052594 1403732234 X 0 0 0 0 123442164 130955808 123442164 130955808 1520494758 1534688042 X 7233862 264728 15054 X X 0 1 X 1 0 13490706 13490706 65812502 15311893 50500609 1269575 1269575 0 18829111 12798268 6030843 70022158 MEMBERS SHARE AND SAVINGS ACCOUNTS 1284021482 1284021482 X 79701411 0 79701411 0 79701411 72467549 0 72467549 0 72467549 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANICAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2023 AND 2022. THE CREDIT UNION'S 2020 THROUGH 2022 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X 0 0 0 WILFORD SCHROEDER PRESIDENT/CEO (PART YEAR) 433452 0 750000 0 0 0 43200 0 5610 0 1232262 0 0 0 MICHAEL VER SCHUUR PRESIDENT/CEO 842629 0 132970 0 0 0 43200 0 21572 0 1040371 0 0 0 SAMANTHA HESS COO 308085 0 63410 0 0 0 35669 0 14808 0 421972 0 0 0 SARA VARA VP HR 272598 0 55500 0 0 0 33937 0 12260 0 374295 0 0 0 DIANE BROWN VP INFO SVCS/CORE SVCS 242616 0 48175 0 0 0 26838 0 11659 0 329288 0 0 0 REBECCA ELLIOTT VP FINANCE 230550 0 46670 0 0 0 31557 0 13524 0 322301 0 0 0 KAREN WILKERSON VP RISK MGT/ISO 227607 0 47160 0 0 0 20859 0 22914 0 318540 0 0 0 JACOB BERNHARD VP RE LENDING 228299 0 45840 0 0 0 31346 0 11108 0 316593 0 0 0 DEENA MASSA VP BRANCH OPERATIONS 229564 0 40050 0 0 0 16788 0 29819 0 316221 0 0 0 KRISTIE SIMO VP CONSUMER LENDING 233960 0 47478 0 0 0 8000 0 19602 0 309040 0 0 0 JOSHUA ROBLES VP COMMERCIAL LENDING 218212 0 42852 0 0 0 23465 0 11075 0 295604 0 0 0 DALE TRIPP VP OF COMPLIANCE 209897 0 36040 0 0 0 29513 0 14105 0 289555 0 0 0 KEVIN FARLEY VP EXPERIENCE & ENGAGEMENT 201821 0 37450 0 0 0 5200 0 12799 0 257270 0 0 0 STUART GEHRKE AVP INFORMATION TECHNOLOGY 166026 0 1200 0 0 0 36223 0 21216 0 224665 0 0 0 KERI BROWN AVP PROJECT MANAGEMENT 187951 0 1200 0 0 0 13300 0 13926 0 216377 0 0 0 CHARLES SHASKY AVP LEARNING & DEVELOPMENT 159951 0 1200 0 0 0 15668 0 30672 0 207491 0 0 0 KAREN POLLACK VP OF DIGITAL 175235 0 15600 0 0 0 4868 0 5131 0 200834 0 0 0 MARK WOODBRIDGE AVP OF FINANCE 166980 0 1200 0 0 0 20869 0 11431 0 200480 0 0 0 CHAD HUDSON AVP CONSUMER LOAN OPS 160438 0 17200 0 0 0 3120 0 17564 0 198322 0 0 0 NATHAN BROWN CTO 158989 0 600 0 0 0 929 0 7878 0 168396 0 0 0 MATTHEW LYMAN CLO 156404 0 600 0 0 0 239 0 9867 0 167110 0 0 0 SEBRINA CRAWFORD VP OPERATIONS 99670 0 48640 0 0 0 2200 0 5575 0 156085 0 0 0 PART I, LINE 3 BOARD APPROVES CEO COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED BY VP OF FINANCE, CFO AND PRESIDENT BEFORE SIGNING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE RELATIONSHIPS THAT COULD CREATE A CONFLICT OF INTEREST. IF THERE IS A CONFLICT OF INTEREST, THE BOARD MEMBER OR OFFICER WOULD BE EXCLUDED FROM VOTING OR DISCUSSING THE ITEM. TO MITIGATE RISKS, THE CREDIT UNION PUTS RESTRICTIONS ON BOARD MEMBERS AND OFFICERS ACCOUNTS WHEN A CONFLICT OF INTEREST IS DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 CEO MEETS WITH BOARD OF DIRECTORS (BOD) TO DISCUSS MARKET, PERFORMANCE AND GOALS. EXECUTIVE BOD COMMITTEE DOCUMENTS AND APPROVES. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2023. ANNUAL EVALUATIONS ARE SUBMITTED BY EXECUTIVE MANAGMENT OVER THAT OFFICER OR KEY EMPLOYEE AND REVIEWED BY CEO FOR FINAL APPROVAL. INITIAL OFFERS ARE DETERMINED WITH MARKET DATA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET LOSS ON DEFINED BENEFIT PLAN -137,280. CECL ADJUSTMENT -478,597. AMORTIZATION OF NET LOSS 630,931. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. UHCU FINANCIAL SERVICES LLC 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 722707828 FINANCIAL SERVICES TX 1267250 874266 UNITED HERITAGE CREDIT UNION UHCU INSURANCE SERVICES PO BOX 202020 AUSTIN TX 78720 475113893 INSURANCE SERVICES TX UNITED HERITAGE CREDIT UNION UNRELATED 80121 146202 0 0 0.90000 TEXAS MORGAGE LENDING LLC PO BOX 202020 AUSTIN TX 78720 820953703 CREDIT INTERMEDIARY TX UNITED HERITAGE CREDIT UNION RELATED 5493 1290703 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0