2023-11-15T09:24:06-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 741237070 RALLY CREDIT UNION RALL 3619867300 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 CARRIE HUFF CHIEF FINANCIAL OFFICER 3619867300 2023-11-14 1 CARRIE HUFF XXX-XX-XXXX 1 JENIFER L CHASE P01306883 5638884000 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X DANA SISK 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 246854369 0 X WWW.RALLYCU.COM X 1955 TX TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 9 9 854 12 492382 0 0 0 215837971 237685261 903410 8191811 0 0 216741381 245877072 0 0 0 0 46962451 50522265 0 0 0 107235852 122496932 154198303 173019197 62543078 72857875 4042196028 4104675190 3611905350 3589789208 430290678 514885982 TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 0 0 RALLY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2022, THE TOTAL NUMBER OF LOANS ISSUED WAS 120,191 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $3,581,040,484.31. RALLY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2022, THE TOTAL NUMBER OF MEMBERS WAS 218,798 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 399,262 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $3,566,071,733. RALLY CREDIT UNION ALSO PROVIDES ATM & ITM ACCESS TO MEMBERS. DURING 2022, THE TOTAL NUMBER OF ATM & ITM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 2,535,939. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 115331 0 1 854 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 0 1 0 0 0 1 0 1 1 1 0 0 X CARRIE HUFF CFO 3619867300 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 GERRY MORROW PRESIDENT/CEO 40.00 X 857872 0 275496 DANA SISK EXECUTIVE VICE PRESIDENT 40.00 X 437020 0 83967 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 40.00 X 296772 0 60898 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 274939 0 81061 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 40.00 X 279580 0 61469 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 40.00 X 278172 0 53876 CARRIE HUFF CHIEF FINANCIAL OFFICER 40.00 X 255041 0 54540 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 40.00 X 246456 0 53981 ASHLEY SMITH CHIEF OF MARKETING 40.00 X 223528 0 70313 RICHARD PLATZ SVP CONSUMER LENDING 40.00 X 230907 0 35673 JAMIE AGUILAR VP MORTGAGE ORIGINATION 40.00 X 208685 0 29611 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 40.00 X 189266 0 46316 GERALD PENNINGTON VP INDIRECT AUTO LENDING 40.00 X 184828 0 39359 TERRI YOUNG VP BRANCH OPERATIONS 40.00 X 197384 0 18001 MARK ESTES VP CREDIT ADMINISTRATION 40.00 X 178132 0 16859 MARIA KARACA SVP COMMERCIAL LENDING 40.00 X 172828 0 16777 JOHN CHAPMAN VICE CHAIR 3.00 X X 0 0 0 THELMA GARZA MANDEL DIRECTOR 3.00 X 0 0 0 THERESA GONZALES SECRETARY 3.00 X X 0 0 0 KENDRA KINNISON DIRECTOR 3.00 X 0 0 0 SYLVIA MARTINEZ DIRECTOR 3.00 X 0 0 0 PEDRO RIVERA JR DIRECTOR 3.00 X 0 0 0 RICHARD B STONE CHAIR 3.00 X X 0 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 0 0 0 ROBERT WESTRUP TREASURER 3.00 X X 0 0 0 4511410 0 998197 46 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 SOFTWARE AND OPERATION SERVICES 5274455 MOOREHEAD DOTTS RYBAK 545 N UPPER BROADWAY STE 1100 CORPUS CHRISTI TX 78401 PROFESSIONAL SERVICES 2531178 Q2 EBANKING PO BOX 205970 DALLAS TX 75320 PROFESSIONAL SERVICES 2512245 TRISERV APPRAISAL MANAGEMENT SOLUTIONS 875 OLD ROSWELL RD STE G300 ROSWELL GA 30076 PROFESSIONAL SERVICES 1245655 BUSINESS ALLIANCE FINANCIAL SERVICES 1500 N 19TH STREET STE 600 MONROE AL 71201 PROFESSIONAL SERVICES 887219 14 INTEREST ON LOANS 522100 177057696 177057696 FEE INCOME 522100 28075039 27747297 327742 INTERCHANGE INCOME 522100 21373851 21373851 INSURANCE & OTHER OPERATING INCOM 522100 10326433 10161793 164640 NON-OPERATING INCOME 522100 852242 852242 237685261 8172295 8172295 996813 977297 19516 19516 19516 245877072 237192879 492382 8191811 4447143 33615316 2977394 6661463 2820949 821852 251109 5406597 3167932 5836273 9427580 5241213 422596 7374679 521033 DIVIDENDS PAID TO MEMBE 39289176 PROVISION FOR LOAN LOSS 26333991 DEBIT CARD EXPENSES 12968909 LOAN EXPENSES 5433992 173019197 678347276 396902073 3196435009 3548745441 2380224 3285124 127482648 56827250 73844977 70655398 2152344 2511512 89036198 82575642 4042196028 4104675190 36217214 23717475 3575688136 3566071733 3611905350 3589789208 X 0 0 0 0 430290678 514885982 430290678 514885982 4042196028 4104675190 X 72857875 11737429 X X 0 0 0 11676901 11676901 71053775 21330116 49723659 559743 559740 3 44169122 34914316 9254806 23107 23078 29 70655398 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 3566071733 3566071733 X X X 0 1 0 GERRY MORROW PRESIDENT/CEO 681899 0 160000 0 15973 0 250071 0 25425 0 1133368 0 0 0 DANA SISK EXECUTIVE VICE PRESIDENT 375256 0 60000 0 1764 0 44349 0 39618 0 520987 0 0 0 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 275614 0 20000 0 1158 0 44378 0 16520 0 357670 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 242178 0 32000 0 761 0 43572 0 37489 0 356000 0 0 0 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 247095 0 32000 0 485 0 45432 0 16037 0 341049 0 0 0 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 242972 0 32000 0 3200 0 39777 0 14099 0 332048 0 0 0 CARRIE HUFF CHIEF FINANCIAL OFFICER 228053 0 25000 0 1988 0 31056 0 23484 0 309581 0 0 0 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 213489 0 32000 0 967 0 38658 0 15323 0 300437 0 0 0 ASHLEY SMITH CHIEF OF MARKETING 197596 0 25000 0 932 0 36072 0 34241 0 293841 0 0 0 RICHARD PLATZ SVP CONSUMER LENDING 210487 0 15000 0 5420 0 9545 0 26128 0 266580 0 0 0 JAMIE AGUILAR VP MORTGAGE ORIGINATION 198406 0 10000 0 279 0 8569 0 21042 0 238296 0 0 0 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 172793 0 15000 0 1473 0 21127 0 25189 0 235582 0 0 0 GERALD PENNINGTON VP INDIRECT AUTO LENDING 169057 0 15000 0 771 0 14540 0 24819 0 224187 0 0 0 TERRI YOUNG VP BRANCH OPERATIONS 180897 0 15000 0 1487 0 7895 0 10106 0 215385 0 0 0 MARK ESTES VP CREDIT ADMINISTRATION 157115 0 15000 0 6017 0 7125 0 9734 0 194991 0 0 0 MARIA KARACA SVP COMMERCIAL LENDING 162540 0 10000 0 288 0 6913 0 9864 0 189605 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2022 SPONSORED BY RALLY CREDIT UNION. THE AMOUNTS INCLUDED REPRESENT THE TOTAL EMPLOYER CONTRIBUTIONS INTO THE PLAN ON BEHALF OF THE PARTICIPANTS. THESE CONTRIBUTIONS AMOUNTS ARE INCLUDED IN DEFERRED COMPENSATION IN PART VII AND SCHEDULE J: ASHLEY SMITH - $26,684 DANA SISK - $33,536 SHANNON SRP - $34,428 DANIEL DIBBLE - $35,316 ROMAN ESCOBAR - $34,616 CLARE FOWLER - $13,263 GERRY MORROW - $237,871 GERALD PENNINGTON - $14,540 CYNTHIA RAMOS - $28,578 CARRIE HUFF - $28,874 VIRGINIA WHITHAM - $28,700 THERE WERE NO DISTRIBUTIONS OR VESTING IN THE PLAN BY ANY PARTICIPANTS IN 2022. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS ARTICLES OF INCORPORATION TO REFLECT THE NAME CHANGE FROM NAVY ARMY COMMUNITY CREDIT UNION TO RALLY CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 6 RALLY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A RALLY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B RALLY CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM IS REVIEWED IN DETAIL BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER BEFORE IT IS SIGNED. THE FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15A RALLY CREDIT UNION USES A THIRD-PARTY CONSULTANT, COMPEASE, TO COMPARE COMPENSATION OF SIMILAR POSITIONS AT COMPARABLE ORGANIZATION'S. RALLY CREDIT UNION'S COMPENSATION DATA IS MEASURED AGAINST THIS INDUSTRY SPECIFIC INFORMATION BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN REVIEW AND APPROVE COMPENSATION FOR THE PRESIDENT'S POSITION. RALLY CREDIT UNION KEEPS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING RELATED TO THE DELIBERATION AND DECISIONS RELATED TO THE COMPENSATION SETTING PROCESS. THE LAST TIME THIS PROCESS OCCURRED WAS IN FEBRUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 RALLY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 11,737,429. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF JUNE 30TH, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST. FORM 990, PART I, LINES 14 & 17: IN 2022, RALLY CREDIT UNION DETERMINED THAT IT WAS MORE APPROPRIATE TO INCLUDE IN THE PRIOR YEAR COLUMN FOR LINE 17 (OTHER EXPENSES) CERTAIN ITEMS INCLUDED IN PRIOR YEAR FORMS 990, PART IX, IN LINE 4 (BENEFITS PAID TO OR FOR MEMBERS). CONFORMING ADJUSTMENTS HAVE BEEN MADE TO THE CURRENT YEAR AMOUNTS LISTED IN THE CURRENT YEAR COLUMN OF PART I AND PART IX.