2023-11-13T13:59:50-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 SW 129TH COURT SUITE 201 MIAMI FL 33186 990 2022-01-01 750992590 TEXANS CREDIT UNION TEXA 9723482000 777 EAST CAMPBELL RD RICHARDSON TX 75081 BENJAMIN HART CFO 9723482000 2023-11-13 1 BENJAMIN HART XXX-XX-XXXX 0 JEREMY SMITH P02536780 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID FRAZIER 777 EAST CAMPBELL RD RICHARDSON TX 75081 102142268 0 X WWW.TEXANSCU.ORG X 1953 TX TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW. THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNION'S FOCUS IS TO MAKE OUR MEMBER'S LIVES BETTER WHILE SERVING OUR COMMUNITIES. 5 5 313 5 713184 0 0 0 49525283 63398175 6578409 13102907 0 0 56103692 76501082 0 0 0 0 18862467 21369899 0 0 0 21294994 28954778 40157461 50324677 15946231 26176405 2114687717 2155551665 1950544686 2027157739 164143031 128393926 X TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW. THE CREDIT UNION IS A MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNION'S FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBER OWNERS. 0 0 LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME IMPROVEMENT LOANS. AS PART OF THE LOAN PROGRAM THE CREDIT UNION ALSO OFFERS SEVERAL LOAN RELATED INSURANCE PRODUCTS SUCH AS CREDIT LIFE AND DISABILITY, MECHANICAL BREAKDOWN AND GAP INSURANCE. SHARES 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. CHECKING 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. 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 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 14727 0 1 313 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X TRACY MONTEZ 9723482391 777 EAST CAMPBELL RD RICHARDSON TX 75084 GEORGE CONSOLVER CHAIRPERSON 1.00 X 0 0 0 ED FAWCETT BOARD MEMBER 1.00 X 0 0 0 ESTELLA MARTINEZ BOARD MEMBER 1.00 X 0 0 0 THOMAS BOEDECKER BOARD MEMBER 1.00 X 0 0 0 JURGEN ARTS BOARD MEMBER 1.00 X 0 0 0 DAVID FRAZIER CHIEF EXECUTIVE OFFICER 40.00 X 689692 0 24458 MICHAEL MCWETHY CHIEF EXPERIENCE OFFICER 40.00 X 369543 0 29741 BENJAMIN HART CHIEF FINANCIAL OFFICER 40.00 X 263095 0 27748 JENNIFER SHORT CHIEF PEOPLE OFFICER 40.00 X 207212 0 19172 TANYA PATTERSON VP IT SYSTEMS 40.00 X 223409 0 20612 JIANJUN BAI VP DEV & HOST SYSTEMS 40.00 X 203234 0 19342 ANGELA JACKSON VP REAL ESTATE LENDING 40.00 X 192993 0 15066 TRACY MONTEZ SVP CONTROLLER 40.00 X 175949 0 20450 MATTHEW MOORE SVP RETAIL 40.00 X 162552 0 22359 2487679 0 198948 15 0 1 0 NCR PO BOX 740641 LOS ANGELES CA 900740641 INTERNET HOME BANKING/ATM MAINTENANCE 1782678 FISERV PO BOX 208457 DALLAS TX 453208457 NETWORK EFT 1205975 JACK HENRY & ASSOCIATES PO BOX 609 MONET MO 65708 CORE PROCESSOR 710916 LANVERA 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 STATEMENT PROCESSING 638497 WAYPOINT BUSINESS SOLUTIONS 118 VINTAGE PARK BLVD HOUSTON TX 77070 COMPUTER EQUIMENT/MAINTENANCE 623827 42 INTEREST INCOME LOANS 522100 40822141 40822141 OTHER INCOME 522100 14987895 14987895 FEES AND CHARGES 522100 6874955 6874955 FINANCE & INSURANCE 520000 713184 713184 63398175 13280683 13280683 23138861 2324549 23340121 2301065 -201260 23484 -177776 -177776 76501082 75787898 713184 0 X 1630661 15598995 668001 2174607 1297635 2328 357407 630351 955472 2279141 2821221 2641901 127119 5203969 143563 2179774 263342 CREDIT/DEBIT EXPENSE 3135536 HOME BANKING 2372000 LOAN SERVICING 1490663 ATM NETWORK 1422100 2928891 50324677 7793442 8116869 149477574 56878161 15760647 15430678 1105234213 1357305994 1580948 1671938 58091820 32069642 25605885 26022178 749283120 636072725 25276145 26093745 34675743 27959377 2114687717 2155551665 23952400 48272364 1926592286 1978885375 1950544686 2027157739 X 0 0 0 0 164143031 128393926 164143031 128393926 2114687717 2155551665 X 26176405 -63171351 1245841 X X 0 1 X 1 0 6528356 6528356 25275944 10937986 14337958 2248642 2144598 104044 24038878 18987058 5051820 26022178 MEMBER SHARES 1978885375 1978885375 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. X 1 1 X X X X X 0 1 0 DAVID FRAZIER CHIEF EXECUTIVE OFFICER 572937 0 109005 0 7750 0 15224 0 9234 0 714150 0 0 0 MICHAEL MCWETHY CHIEF EXPERIENCE OFFICER 319624 0 49919 0 0 0 15139 0 14602 0 399284 0 0 0 BENJAMIN HART CHIEF FINANCIAL OFFICER 227130 0 35965 0 0 0 13393 0 14355 0 290843 0 0 0 TANYA PATTERSON VP IT SYSTEMS 194204 0 29205 0 0 0 10374 0 10238 0 244021 0 0 0 JENNIFER SHORT CHIEF PEOPLE OFFICER 180713 0 26499 0 0 0 10391 0 8781 0 226384 0 0 0 JIANJUN BAI VP DEV & HOST SYSTEMS 191866 0 11368 0 0 0 10108 0 9234 0 222576 0 0 0 ANGELA JACKSON VP REAL ESTATE LENDING 179242 0 13751 0 0 0 5750 0 9316 0 208059 0 0 0 TRACY MONTEZ SVP CONTROLLER 152574 0 23375 0 0 0 8379 0 12071 0 196399 0 0 0 MATTHEW MOORE SVP RETAIL 145240 0 17312 0 0 0 8307 0 14052 0 184911 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO DAVID FRAZIER, MIKE MCWETHY, AND BENJAMIN HART THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." UNDER THE AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. DAVID FRAZIER CEO TO FUND LIFE INSURANCE POLICY X 16731355 14924465 0 1 1 MIKE MCWETHY CXO TO FUND LIFE INSURANCE POLICY X 541480 345386 0 1 1 BENJAMIN HART CFO TO FUND LIFE INSURANCE POLICY X 242000 160827 0 1 1 15430678 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. MEMBERS MUST MEET THE "FIELD OF MEMBERSHIP" REQUIREMENTS. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, 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, PART VI, SECTION B, LINE 11B THE COMPLETED FORM WILL BE REVIEWED BY THE CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE REVIEW OF THE POLICIES WHEN HIRED INTO THE ORGANIZATION AND ANNUALLY. COMMUNICATIONS ARE SENT TO EMPLOYEES NOTIFYING THEM OF ANY CHANGES TO THE POLICY. THE CREDIT UNION ALSO PROVIDES AN ANONYMOUS ELECTRONIC REPORTING SYSTEM WHICH IS MAINTAINED THROUGH HR AND INTERNAL AUDIT. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF PEOPLE OFFICER PROVIDES COMPARATIVE DATA TO THE COMPENSATION COMMITTEE ON AN ANNUAL BASIS. THE COMPENSATION COMMITTEE, WHICH IS MADE UP OF TWO MEMBERS OF THE BOARD OF DIRECTORS, PREVIEW THE 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 OFFICERS' BONUS PLAN. FORM 990, PART VI, SECTION C, 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. FORM 990, PART IX, LINE 24E PROVISION FOR LOAN LOSSES 1,125,332. IMPAIRMENT OF SDLI 1,071,174. CREDIT/DEBIT FRAUD 306,011. MISCELLANEOUS 249,988. COLLECTIONS 176,386. FORM 990, PART XI, LINE 9: NET PENSION GAINS 1,245,841. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CREDIT UNION LIQUIDATION SERVICES LLC 777 E CAMPBELL RD STE 650 RICHARDSON TX 75081 201118819 WAREHOUSE COMMERCIAL LOANS TX 11215 12678084 TEXANS CU TF-GSR LLC 777 E CAMPBELL RD STE 650 RICHARDSON TX 75081 264678354 MANAGE & HOLD REO PROPERTY TX 0 146334 CREDIT UNION LIQUIDITY SERVICES LLC TF-LINCOLN MALL LLC 777 E CAMPBELL RD STE 650 RICHARDSON TX 75081 274356028 MANAGE & HOLD REO PROPERTY IL 1 220810 CREDIT UNION LIQUIDITY SERVICES LLC TEXANS CUSO PARTNERS 777 E CAMPBELL RD STE 470 RICHARDSON TX 750811891 020792757 INVESTMENT SERVICES TX TEXANS CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0