2023-11-15T12:02:23-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 741288659 UNITED HERITAGE CREDIT UNION UNIT 5124354270 PO BOX 202020 AUSTIN TX 78720 MICHAEL VER SCHUUR PRESIDENT/CEO 5124354270 2023-11-14 1 MICHAEL VER SCHUUR 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL VER SCHUUR PO BOX 202020 AUSTIN TX 78720 66954834 0 X WWW.UHCU.ORG X 1957 TX UHCU IS A NOT-FOR-PROFIT COOPERATIVE PROVIDING FINANCIAL SERVICES TO ITS MEMBERS. 7 7 322 0 1663018 1180888 0 0 54304388 64856318 746812 2098516 0 0 55051200 66954834 0 0 4866217 4497978 19357646 22776436 0 0 0 18893257 22702547 43117120 49976961 11934080 16977873 1405950790 1520494758 1300239269 1397052594 105711521 123442164 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 1 0 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 18702 0 1 322 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 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 HAROLD KEYES CHAIRPERSON 4.00 X X 12000 0 0 ROBERT HOOTKINS BOARD MEMBER 1.50 X 12000 0 0 TOMMY LUEDERS BOARD MEMBER 1.50 X 12000 0 0 ROBERT SPURCK BOARD MEMBER 1.50 X 12000 0 0 MICHAEL TREVINO BOARD MEMBER 2.00 X 12000 0 0 VALENTIN VELASQUEZ BOARD MEMBER 4.00 X 12000 0 0 AMBER SHAMMAS BOARD MEMBER 1.50 X 12000 0 0 EDWARD CLEMENTS ASSOC. BOARD MEMBER 1.50 X 11000 0 0 JAMES NORTH BOARD MEMBER 1.50 X 4000 0 0 BRENDA HENRY ASSOC. BOARD MEMBER 1.50 X 11000 0 0 WILFORD SCHROEDER PRESIDENT/CEO 40.00 X 804434 0 50480 MICHAEL VER SCHUUR EXECUTIVE VP/CSO 40.00 X 664163 0 61461 SEBRINA CRAWFORD VP OPERATIONS 40.00 X 282695 0 26353 JACOB BERNHARD VP RE LENDING/CRELO 40.00 X 248300 0 46224 KAREN WILKERSON VP RISK MGT/ISO 40.00 X 231288 0 45046 JOSHUA ROBLES VP COMMERCIAL LENDING/CCLO 40.00 X 229562 0 32392 SARA VARA VP HR/CHRO 40.00 X 255907 0 42569 KRISTIE SIMO VP CONSUMER LENDING/CCLO 40.00 X 231247 0 24431 REBECCA ELLIOTT VP ACCOUNTING/CFO 40.00 X 189687 0 40995 SAMANTHA HESS COO 40.00 X 238102 0 38127 ROBERT HWANG AVP ALM & CAPITAL MARKETS 40.00 X 178604 0 46884 DIANE BROWN AVP INFO SVCS/CORE SVCS 40.00 X 216528 0 30737 KEVIN FARLEY VP EXPERIENCE & ENGAGEMENT 40.00 X 181245 0 17672 DALE TRIPP VP OF COMPLIANCE 40.00 X 171429 0 38268 DEENA MASSA VP BRANCH OPS 40.00 X 183360 0 39162 4416551 0 580801 15 0 1 0 SHI CORPORATION PO BOX 952121 DALLAS TX 753952121 COMPUTER HARDWARE AND SOFTWARE 1609256 RAND CONSTRUCTION CORP 2815 EXPOSITION BLVD STE 100 AUSTIN TX 78703 BUILDING CONSTRUCTION - 2ND FLOOR BUILDO 1515929 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 CORE AND GL SOFTWARE SYSTEM 949882 Q2 SOFTWARE PO BOX 205970 DALLAS TX 753205970 MOBILE BANKING SERVICES 757067 GOOGLE LLC PO BOX 883654 LOS ANGELES CA 900883654 PUBLICITY/ADVERTISING 632612 40 LOAN INTEREST 522100 46583169 46583169 FEE INCOME 522100 12148052 12148052 OTHER OPERATING INCOME 522100 6125097 4462079 1663018 64856318 2098516 2098516 66954834 63193300 1663018 2098516 4497978 3893463 13870809 2085603 1615729 1310832 292895 83700 54543 1717883 2168755 1007031 5498298 283895 1893414 3249832 149712 AUTOMATIC TELLER PROCES 2909634 DATA PROCESSING 1850859 MISCELLANEOUS 915532 LOAN SERVICING 430860 195704 49976961 124368742 57865532 2331000 5060000 6625 1154057796 1331717258 3320574 3148673 99250099 27545782 69705360 71704317 32434657 29016990 19732661 21975363 1405950790 1520494758 20476824 17822825 75000000 1279762445 1304229769 1300239269 1397052594 X 11471964 0 0 0 94239557 123442164 105711521 123442164 1405950790 1520494758 X 16977873 -2085111 2837881 X 0 1 X 1 0 13490706 13490706 64511471 13618835 50892636 1269575 1269575 0 19978347 12657372 7320975 71704317 MEMBERS SHARE AND SAVINGS ACCOUNTS 1304229769 1304229769 X 66954834 0 66954834 0 66954834 49976961 0 49976961 0 49976961 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, 2022 AND 2021. THE CREDIT UNION'S 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X 0 0 0 WILFORD SCHROEDER PRESIDENT/CEO 500431 0 35000 0 269003 0 38200 0 12280 0 854914 0 0 0 MICHAEL VER SCHUUR EXECUTIVE VP/CSO 398493 0 50000 0 215670 0 39200 0 22261 0 725624 0 0 0 SEBRINA CRAWFORD VP OPERATIONS 239701 0 41200 0 1794 0 13000 0 13353 0 309048 0 0 0 SARA VARA VP HR/CHRO 218927 0 36200 0 780 0 29777 0 12792 0 298476 0 0 0 JACOB BERNHARD VP RE LENDING/CRELO 209820 0 37700 0 780 0 28744 0 17480 0 294524 0 0 0 KAREN WILKERSON VP RISK MGT/ISO 199939 0 26200 0 5149 0 20186 0 24860 0 276334 0 0 0 SAMANTHA HESS COO 216201 0 21200 0 701 0 23998 0 14129 0 276229 0 0 0 JOSHUA ROBLES VP COMMERCIAL LENDING/CCLO 205582 0 23200 0 780 0 20629 0 11763 0 261954 0 0 0 KRISTIE SIMO VP CONSUMER LENDING/CCLO 198253 0 31200 0 1794 0 5200 0 19231 0 255678 0 0 0 DIANE BROWN AVP INFO SVCS/CORE SVCS 200046 0 13200 0 3282 0 16909 0 13828 0 247265 0 0 0 REBECCA ELLIOTT VP ACCOUNTING/CFO 186707 0 2200 0 780 0 26900 0 14095 0 230682 0 0 0 ROBERT HWANG AVP ALM & CAPITAL MARKETS 163695 0 13200 0 1709 0 33619 0 13265 0 225488 0 0 0 DEENA MASSA VP BRANCH OPS 181380 0 1200 0 780 0 11599 0 27563 0 222522 0 0 0 DALE TRIPP VP OF COMPLIANCE 168461 0 1200 0 1768 0 26408 0 11860 0 209697 0 0 0 KEVIN FARLEY VP EXPERIENCE & ENGAGEMENT 177876 0 2200 0 1169 0 4000 0 13672 0 198917 0 0 0 PART I, LINE 3 THE BOARD DETERMINES THE CEO'S COMPENSATION EACH YEAR. 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 FINANCE EXECUTIVES AND CEO REVIEW THE COMPLETED FORM 990 FOR ACCURACY BEFORE CEO SIGNS. 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 2022. 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 2022. 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 GAIN ON DEFINED BENEFIT PLAN 1,970,463. AMORTIZATION OF NET LOSS DEFINED BENEFIT PLAN 867,418. UHCU FINANCIAL SERVICES LLC 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 722707828 FINANCIAL SERVICES TX 1663018 1422706 UNITED HERITAGE CREDIT UNION UHCU INSURANCE SERVICES PO BOX 202020 AUSTIN TX 78720 475113893 INSURANCE SERVICES TX UNITED HERITAGE CREDIT UNION UNRELATED 92034 150116 0 0 0.00990 TEXAS MORGAGE LENDING LLC PO BOX 202020 AUSTIN TX 78720 820953703 CREDIT INTERMEDIARY TX UNITED HERITAGE CREDIT UNION RELATED 12411 835210 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0