2023-12-01T16:53:51-06:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 741539232 SPACE CITY CREDIT UNION SPAC 7132221244 3101 HARRISBURG BOULEVARD HOUSTON TX 77003 CRAIG ROHDEN CEO 7132221244 2023-11-30 1 CRAIG ROHDEN 999009999 0 JENIFER L CHASE P01306883 5638884000 2023-11-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRAIG ROHDEN 3101 HARRISBURG BOULEVARD HOUSTON TX 77003 10053934 0 X WWW.SPACECITYCU.COM X 1965 TX COOPERATIVE THRIFT INSTITUTION THAT PROVIDES BANKING AND LOAN SERVICES TO ITS MEMBERS. 11 10 53 11 115492 0 0 0 5777634 7099641 31605 1164887 24230 26289 5833469 8290817 8500 11750 0 0 2035919 2709605 0 0 0 3009329 4029613 5053748 6750968 779721 1539849 107721014 148133001 98297691 127912659 9423323 20220342 SPACE CITY CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION THAT PROVIDES BANKING AND LOAN SERVICES TO ITS MEMBERS. 0 0 SPACE CITY CREDIT UNION OFFERS SHARE ACCOUNTS TO MEMBERS THAT PAY QUARTERLY DIVIDENDS. ACCESS IS OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S AND TELEPHONE. SPECIAL CHRISTMAS SAVINGS ACCOUNTS ARE OFFERED TO ENCOURAGE MEMBERS TO SAVE AND BUDGET FOR CHRISTMAS EXPENSES. AS OF 12/31/2022, THE CREDIT UNION HAS 13,646 SHARE ACCOUNTS WITH A TOTAL OF $63,003,908.12. THE CREDIT UNION ALSO HAS SHARE CERTIFICATES OF $25,596,388.45, AND IRAS OF $3,865,490.47. SPACE CITY CREDIT UNION OFFERS CHECKING ACCOUNTS TO MEMBERS THAT GENERALLY PAY MONTHLY DIVIDENDS. ACCESS IS OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S AND TELEPHONE. FREE DEBIT CARDS AND ONLINE BANKING FEATURES ARE PROVIDED. AS OF 12/31/2022, THE CREDIT UNION HAS 6,180 CHECKING ACCOUNTS WITH A TOTAL OF $33,489,033.07. SPACE CITY CREDIT UNION OFFERS CONSUMER LOANS TO MEMBERS FOR AUTOS, RECREATIONAL VEHICLES, MOTORCYCLES, AND REAL ESTATE. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON MANY OF THESE LOAN TYPES. AS OF 12/31/2022, THE CREDIT UNION HAS 7,191 CONSUMER LOANS TOTALING $101,045,058.26 OUTSTANDING. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2678 0 1 53 1 1 1 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 0 1 0 0 0 0 0 1 1 1 1 0 X TIFINI ABSHIRE 7132221244 3101 HARRISBURG BOULEVARD HOUSTON TX 77003 X CRAIG ROHDEN PRESIDENT/CHIEF EXECUTIVE OFFICER 40.00 X X 228358 0 32561 DONNA BUTTERFRAS CHIEF FINANCIAL OFFICER 40.00 X 0 0 246749 VON'NESHIA MOORE EVP/CHIEF OPERATIONS OFFICER 40.00 X 155193 0 69678 DAVID BACICA DIRECTOR 1.00 X 0 0 0 DARLA BAINES DIRECTOR 1.00 X 0 0 0 JERRY GARCIA FORMER TREASURER 1.00 X X 0 0 0 MATT HAYSLIP DIRECTOR 1.00 X 0 0 0 MARK HEITKER DIRECTOR 1.00 X 0 0 0 STEPHEN HINES VICE CHAIR 1.00 X X 0 0 0 JUDITH LANGFORD SECRETARY 1.00 X X 0 0 0 BUCK LAY CHAIR 1.00 X X 0 0 0 SAMMYE MOORE DIRECTOR 1.00 X 0 0 0 JOHN PATTON DIRECTOR 1.00 X 0 0 0 ROBERT SANDER TREASURER 1.00 X X 0 0 0 383551 0 348988 2 0 1 0 FISERV PO BOX 99924 DALLAS TX 753208457 DATA PROCESSOR 1057026 SUMMIT ADMINISTRATORS 110 WEST ROSAMOND ST HOUSTON TX 77076 CREDIT LIFE & DISABILITY PROVIDER 697511 WARRANTY SOLUTIONS MANAGEMENT CORP 110 WEST ROSAMOND ST HOUSTON TX 77076 WARRANTIES 493986 3 INTEREST ON MEMBER LOANS 522100 4578047 4578047 FEES, INSURANCE & OTHER OPERATING 522100 2521594 2406102 115492 7099641 280905 280905 26289 0 26289 26289 26289 2647099 1763117 883982 883982 883982 8290817 6984149 115492 1191176 11750 732540 1679929 26750 101569 168817 2678 182948 104959 359432 122769 319696 107894 253451 114663 DIVIDENDS PAID TO MEMBE 834758 LOAN SERVICING FEES 656494 VISA CHECK/PULSE EXPENS 648954 PROVISION FOR LOAN LOSS 79829 241088 6750968 607318 1241009 1551 1612 3040180 3146586 73353463 100368370 304761 664149 6492570 2857377 5165538 3635193 23288750 33136414 0 1885560 1959453 4054108 107721014 148133001 873261 1951811 690 581 97423740 125960267 98297691 127912659 X 0 0 0 0 9423323 20220342 9423323 20220342 107721014 148133001 X 1539849 9257170 X 0 0 0 0 1 X 1679278 1679278 2706668 1421835 1284833 308480 212312 96168 1798144 1223230 574914 3635193 CATALYST CORP 5737467 C NCUSIF & ESI CAPITAL DEPOSITS 978184 C CERTIFICATE OF DEPOSIT 6965853 C SEC INVESTMENTS 19454910 C 33136414 DEPOSITORS CHECKING, SAVINGS, AND INVESTMENTS 125960267 125960267 PART IV, LINE 2B: SPACE CITY CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS REAL ESTATE MORTGAGE HOLDERS. 0 SPACE CITY CHARITIES 3101 HARRISBURG BLVD HOUSTON TX 77003 461199112 501(C)(3) 11750 0 PROGRAM SUPPORT 1 0 PART I, LINE 2: SPACE CITY CREDIT UNION ISSUES FUNDS TO BE USED AT THE RECIPIENT ORGANIZATION'S DISCRETION. X X 0 1 0 CRAIG ROHDEN PRESIDENT/CHIEF EXECUTIVE OFFICER 177898 0 49170 0 1290 0 11568 0 20993 0 260919 0 0 0 DONNA BUTTERFRAS CHIEF FINANCIAL OFFICER 0 0 0 0 0 0 246749 0 0 0 246749 0 0 0 VON'NESHIA MOORE EVP/CHIEF OPERATIONS OFFICER 131856 0 23103 0 234 0 60848 0 8830 0 224871 0 0 0 PART I, LINE 4B VON'NESHIA MOORE, EVP/CHIEF OPERATIONS OFFICER, PARTICIPATES IN A 457(F), NON-QUALIFIED DEFERRED COMPENSATION PLAN, SPONSORED BY SPACE CITY CREDIT UNION. DURING THE YEAR, SPACE CITY CREDIT UNION MADE $51,558 OF CONTRIBUTIONS INTO THE PLAN ON BEHALF OF THE INDIVIDUAL PARTICIPANT. THIS CONTRIBUTION AMOUNT IS REPORTED AS DEFERRED COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. THERE WERE NO DISTRIBUTIONS MADE FROM THE PLAN IN 2022. DONNA BUTTERFRAS, CHIEF FINANCIAL OFFICER, PARTICIPATES IN A 457(F), NON-QUALIFIED DEFERRED COMPENSATION PLAN, SPONSORED BY SPACE CITY CREDIT UNION. DURING THE YEAR, SPACE CITY CREDIT UNION MADE $246,749 OF CONTRIBUTIONS INTO THE PLAN ON BEHALF OF THE INDIVIDUAL PARTICIPANT. THIS CONTRIBUTION AMOUNT IS REPORTED AS DEFERRED COMPENSATION ON FORM 990, PART VII AND SCHEDULE J, PART II. THERE WERE NO DISTRIBUTIONS MADE FROM THE PLAN IN 2022. CRAIG ROHDEN DIRECTOR/OFFICER COLLATERAL ASSIGNED SPLIT-DOLLAR LIFE INSURANCE POLICY X 2293782 3146586 0 1 1 3146586 FORM 990, PART VI, SECTION A, LINE 6 SPACE CITY CREDIT UNION HAS MEMBERS AS SPECIFIED BY ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A SPACE CITY CREDIT UNION MEMBERS HAVE THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B SPACE CITY CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION IS PROVIDED BY THE VICE PRESIDENT OF ACCOUNTING TO THE TAX ACCOUNTANT FOR PREPARATION OF FORM 990. THE COMPLETED FORM 990 IS THEN REVIEWED BY THE PRESIDENT. A COPY OF THE FILED FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT MEETING, AFTER IT HAS BEEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE DETERMINATION OF COMPENSATION IS DOCUMENTED IN EXECUTIVE SESSION MINUTES. COMPENSATION IS DETERMINED BY UTILIZING DATA COLLECTED THROUGH A COMPENSATION SURVEY OF CHIEF EXECUTIVE COMPENSATION AT OTHER CREDIT UNIONS THAT ARE SIMILAR IN SIZE AND COMPLEXITY. THE SAME PROCESS IS USED TO ESTABLISH COMPENSATION FOR KEY EMPLOYEES OF SPACE CITY CREDIT UNION. THIS PROCESS LAST OCCURRED IN JANUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 SPACE CITY CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND 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 VII, SECTION A: DONNA BUTTERFRAS WAS GIVEN THE CHIEF FINANCIAL OFFICER TITLE AT THE TIME BTFCU MERGED WITH SPACE CITY CREDIT UNION IN 2022. SHE IS CONSIDERED A HIGHEST COMPENSATED EMPLOYEE. SHE RETIRED AT THE END OF DECEMBER 2022. BTFCU EMPLOYEES WERE NOT CONVERTED TO SPACE CITY CREDIT UNION PAYROLL SYSTEM UNTIL JANUARY 1, 2023. SPACE CITY CREDIT UNION NO LONGER HAS ACCESS TO THE BTFCU PAYROLL SYSTEM TO RETRIEVE HISTORICAL PAYROLL DATA, SO THE ONLY COMPENSATION REPORTED FOR DONNA BUTTERFRAS ON FORM 990, PART VII IS DEFERRED COMPENSATION RELATED TO EMPLOYER CONTRIBUTIONS FROM SPACE CITY CREDIT UNION INTO THE PARTICIPANT'S 457F PLAN. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN BRAZOSPORT TEACHERS FEDERAL CREDIT UNION MERGER 9,257,170. FORM 990, PART I, LINES 14 & 17: IN 2022, SPACE CITY 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.