2023-11-15T10:08:29-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2022-01-01 750971964 UNION SQUARE CREDIT UNION UNIO 9407208000 1401 HOLLIDAY WICHITA FALLS TX 76301 KAREN SCHREIBER VICE PRESIDENT OF ACCOUNTING 9407208000 2023-11-13 1 KAREN SCHREIBER XXX-XX-XXXX 0 MELISSA HANGSLEBEN P02087031 6022662248 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK MURRAY 1401 HOLLIDAY WICHITA FALLS TX 76301 34927808 0 X WWW.UNIONSQUARE.ORG X 1957 TX TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. 7 6 178 6 303444 0 0 0 28586425 32442302 618404 1619645 -21955 -34375 29182874 34027572 0 0 2926002 4056307 9474753 10066145 0 0 0 13103427 15904865 25504182 30027317 3678692 4000255 559980799 684777588 509396978 634649454 50583821 50128134 TO SERVE FINANCIAL NEEDS AND DREAMS. 0 0 TO SERVE THE FINANCIAL NEEDS AND DREAMS OF THE MEMBERS. UNION SQUARE CREDIT UNION CORE VALUES INCLUDE MEMBER SERVICE AND SENSITIVITY, ETHICAL AND LEGAL BEHAVIOR, DIVERSITY AND EQUAL OPPORTUNITY, SOUND, STRONG BUSINESS JUDGMENT, AND FRIENDLY AND KNOWLEDGEABLE STAFF. WITH THESE VALUES, UNION SQUARE CREDIT UNION'S VISION IS TO BE THE FINANCIAL CENTER OF CHOICE. 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 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 10556 0 1 178 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X PATRICK L MURRAY 9407208000 1401 HOLLIDAY WICHITA FALLS TX 76301 JOHN BARAD PRESIDENT/CEO 40.00 X X 418608 0 41732 DAVID NIX CHAIRMAN 1.00 X X 0 0 0 GARY STEVENSON VICE CHAIRMAN 1.00 X X 0 0 0 ERIC WEST SECRETARY/TREASURER 1.00 X X 0 0 0 DANNY AHERN DIRECTOR 1.00 X 0 0 0 PAUL FLEMING DIRECTOR 1.00 X 0 0 0 JULIE PRUETT DIRECTOR 1.00 X 0 0 0 PATRICK MURRAY EXECUTIVE VICE PRESIDENT 40.00 X 163952 0 21137 TEEA REED CHIEF OPERATIONS OFFICER 40.00 X 154987 0 19778 JOE GUIDRY CHIEF INFORMATION OFFICER 40.00 X 158655 0 23433 SCOTT FLINN SR. VICE PRESIDENT MORTGAGE SERVICES 40.00 X 213156 0 15824 MONICA DAVIS SR. VICE PRESIDENT RISK MANAGEMENT 40.00 X 117776 0 18596 KAREN SCHREIBER VICE PRESIDENT ACCOUNTING 40.00 X 113937 0 18907 MEGAN MAGANA VICE PRESIDENT HUMAN RESOURCES 40.00 X 113610 0 18051 DUSTIN BARGER VICE PRESIDENT CONSUMER LENDING 40.00 X 138713 0 24156 JEFFERY GLADU VICE PRESIDENT TECHNOLOGY OFFICER 40.00 X 102664 0 91554 IDA FERGUSON AVP MORTGAGE UNDERWRITING 40.00 X 115981 0 15221 TAMMY HUGHES MORTGAGE LENDING PRODUCTION MANAGER 40.00 X 116453 0 12388 JUSTIN HOUSTON MORTGAGE LOAN OFFICER 40.00 X 117103 0 9588 TC SANDERS MORTGAGE LOAN OFFICER 40.00 X 109443 0 23815 2155038 0 354180 14 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 MONTHLY MAINTENANCE 3278432 NEWGROUND INTERNATIONAL INC PO BOX 6228 CAROL STREAM IL 60197 CONTRACTING 2026650 PUREIT CREDIT UNION SERVICES LLC 17665 TELGE ROAD CYPRESS TX 77429 NETWORK SERVICES 342634 CREDIT BUREAU OF NORTH TEXAS PO BOX 4508 WICHITA FALLS TX 76308 CREDIT REPORTS 279571 LONGO LANDSCAPE AND LAWN SERVICE 8324 STATE HWY 79 S WICHITA FALLS TX 76310 LANDSCAPING 189394 14 INTEREST FROM LOANS TO MEMBERS 522100 23860463 23860463 FEES AND CHARGES 522100 4756600 4453156 303444 INTERCHANGE INCOME 522100 1879266 1879266 OTHER NONINTEREST INCOME 522100 1100233 1100233 INCOME FROM LOANS HELD FOR SALE 522100 845740 845740 32442302 1744082 1744082 247370 281745 -34375 -34375 -34375 466076 27978 618491 0 -152415 27978 -124437 -124437 34027572 32138858 303444 1585270 X 4056307 1989226 5930941 645176 939497 561305 31403 86148 5591467 521330 3568598 532591 543197 224631 1699932 1127185 126445 LOAN SERVICING 928344 PROVISION FOR LOAN LOSS 653147 OTHER EXPENSES 179857 ASSOCIATION DUES 90590 30027317 4103919 5196887 5899137 6594717 461405 425653 6742609 6624380 469193441 577527110 89835 264766 35653120 15042452 18363266 20610668 22963629 42093097 7632187 7523644 24531371 17916666 559980799 684777588 4782143 3538230 15000000 69000000 489614835 562111224 509396978 634649454 X 0 0 0 0 50583821 50128134 50583821 50128134 559980799 684777588 X 4000255 -4463699 7757 X 0 0 0 2598613 2598613 24429003 8332496 16096507 223037 49157 173880 8402467 6660799 1741668 20610668 DEFERRED COMPENSATION LIABILITY 93388 MEMBER'S SHARE AND SAVINGS ACCOUNT 561607578 LEASE LIABILITY 410258 562111224 X X 1 1 X X X 0 1 0 JOHN BARAD PRESIDENT/CEO 365000 0 53500 0 108 0 27000 0 14732 0 460340 0 0 0 SCOTT FLINN SR. VICE PRESIDENT MORTGAGE SERVICES 100000 0 113090 0 66 0 10654 0 5170 0 228980 0 0 0 JEFFERY GLADU VICE PRESIDENT TECHNOLOGY OFFICER 98929 0 3162 0 573 0 87072 0 4482 0 194218 0 0 0 PATRICK MURRAY EXECUTIVE VICE PRESIDENT 158875 0 5038 0 39 0 16357 0 4780 0 185089 0 0 0 JOE GUIDRY CHIEF INFORMATION OFFICER 153750 0 4875 0 30 0 15863 0 7570 0 182088 0 0 0 TEEA REED CHIEF OPERATIONS OFFICER 150000 0 4875 0 112 0 15488 0 4290 0 174765 0 0 0 DUSTIN BARGER VICE PRESIDENT CONSUMER LENDING 109348 0 28885 0 480 0 13823 0 10333 0 162869 0 0 0 PART I, LINE 1A THE TRAVEL FOR COMPANIONS BENEFIT IS PROVIDED FOR BOARD MEMBERS AND OFFICERS AT THE LEVEL OF ASSISTANT VICE PRESIDENT AND ABOVE. SOCIAL CLUB DUES ARE PAID BY THE CREDIT UNION FOR THE CEO. PART I, LINE 4B SPLIT-DOLLAR LIFE INSURANCE: THE CREDIT UNION HAS MADE LOANS FOR LIFE INSURANCE PREMIUM PAYMENTS TO MEMBERS OF TOP MANAGEMENT. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH VALUES, OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOANS ARE CONSIDERED NONRECOURSE AND AS SUCH, THE CREDIT UNION HAS RECORDED THE BALANCE AS THE LOWER OF THE OUTSTANDING LOAN BALANCE, PLUS ACCRUED INTEREST, OR THE CASH SURRENDER VALUE OF THE LIFE INSURANCE POLICIES. 457F PLAN: THE CREDIT UNION ESTABLISHED A 457F PLAN DURING 2021 FOR CERTAIN MEMBERS OF MANAGEMENT. THE ONLY ACTIVITY ON THIS PLAN DURING 2021 WAS THE INITIAL FUNDING OF THE PLAN BY THE CREDIT UNION. THERE WERE NO CONTRIBUTIONS TO OR DISTRIBUTIONS FROM THE PLAN DURING 2022. JOHN BARAD PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 4000000 4017485 0 1 1 PATRICK MURRAY EXECUTIVE VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE X 2700000 2606895 0 1 1 6624380 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN ARCHER, BAYLOR, CLAY, WICHITA AND WILBARGER COUNTIES, TEXAS AND COTTON AND TILLMAN COUNTIES, OKLAHOMA. ADDITIONALLY, IF YOU JOIN THE TEXAS CONSUMER COUNCIL, ARE A MEMBER OF THE AMERICAN RED CROSS-NORTH TEXAS REGION, OR AMERICAN RED CROSS-OKLAHOMA REGION. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND MODIFICATIONS TO THE FIELD OF MEMBERSHIP MUST HAVE PRIOR APPROVAL FROM MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY OUTSIDE INTEREST TO HR AND MANAGEMENT ANNUALLY. THIS POLICY COVERS OFFICERS, DIRECTORS, COMMITTEE PERSONS AND EMPLOYEES. DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT, SUCH AS RECUSAL FROM THE DELIBERATIONS OR DECISIONS, ARE MADE IN THE ETHICS AND CONDUCT POLICY. THESE PROCEDURES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE CEO. SALARY SURVEYS FROM CUES, CUNA AND CORNERSTONE CREDIT UNION LEAGUE ARE USED TO DETERMINE COMPENSATION. THE VICE CHAIRMAN OF THE BOARD DOCUMENTS THE PROCESS AND DETERMINATION RELATED TO THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. ANNUAL EVALUATIONS AS WELL AS SURVEYS AND SCALES ARE USED IN THIS DETERMINATION. THIS PROCESS AND DETERMINATION IS DOCUMENTED IN THE PERSONNEL FILES. THE CREDIT UNION USES A THIRD PARTY ENTITLED COMPEASE THAT EVALUATES AND ESTABLISHES THE RECOMMENDED PAY RANGES FOR EACH POSITION. THESE RECOMMENDATIONS ARE REVIEWED SEMI-ANNUALLY AND APPROVED ANNUALLY BY THE CEO. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND ETHICS AND CONDUCT POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH LOCATION OF THE CREDIT UNION. FORM 990, PART IX, LINE 11G INVESTMENT CONSULTANTS 96,961. OTHER PROFESSIONAL FEES 5,268,811. SECURITY SERVICES 22,694. PROFESSIONAL FEES: ARMORED CAR 41,521. PROFESSIONAL FEES: PAYROLL 33,556. PROFESSIONAL FEES: INDIRECT LENDING 120,806. PROFESSIONAL FEES: WEBINARS 7,118. FORM 990, PART XI, LINE 9: CHANGE IN CUSO INVESTMENT 7,757. UNION SQUARE INSURANCE AGENCY INC 1401 HOLLIDAY WICHITA FALLS TX 76301 471961369 INSURANCE TX UNION SQUARE CREDIT UNION C 39893 50282 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0