2022-11-14T12:32:34-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 741367995 RIO GRANDE VALLEY CREDIT UNION RIOG 9564235792 1221 MORGAN BLVD HARLINGEN TX 78550 ALLYSON MORROW CEO 9564235792 2022-11-14 1 ALLYSON MORROW XXX-XX-XXXX JENIFER L CHASE P01306883 5638884000 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z RGV CREDIT UNION ALLYSON MORROW 1221 MORGAN BLVD HARLINGEN TX 78550 4865424 0 2742 X WWW.RGVCU.COOP X 1954 TX THE MISSION OF RIO GRANDE VALLEY (RGV) CREDIT UNION IS "YOUR FINANCIAL HELPING HAND". 9 9 52 18 83778 0 0 0 3939311 4181588 775729 683836 0 0 4715040 4865424 2250 7125 159856 116372 2263344 2361414 0 0 0 2071113 1901720 4496563 4386631 218477 478793 132629206 152342621 121980087 141214709 10649119 11127912 TO BE THE PRIMARY SOURCE FOR FINANCIAL SERVICES AND FINANCIAL EDUCATION FOR OUR MEMBERS. 0 0 CHECKING ACCOUNTS: RGV CREDIT UNION PROVIDES MEMBERS WITH A VARIETY OF CHECKING ACCOUNT TYPES DESIGNED TO FIT THE MEMBERS' NEEDS. FEATURES CAN VARY ANYWHERE FROM FREE CHECKING TO THOSE THAT ARE INTEREST BEARING. DIVIDENDS ARE PAID MONTHLY AND ALL COME WITH FREE INTERNET ACCESS, AND BILL PAY SERVICES. MEMBERS ALSO HAVE FREE ACCESS TO ANY ONE OF THE CREDIT UNION'S ATMS AND CAN FIND A SURCHARGE FREE ATM THROUGH ALLPOINT ON OUR WEBSITE. LOANS: RGV CREDIT UNION PROVIDES MEMBERS WITH AFFORDABLE LOANS FOR THE PURCHASE OF A VEHICLE OR A RECREATIONAL VEHICLE, SUCH AS MOTORCYCLES, BOATS, ETC. CREDIT LIFE AND DISABILITY, GAP AND EXTENDED WARRANTIES ARE ALSO AVAILABLE ON ANY OF THESE PRODUCTS. ALSO MORTGAGE LOANS ARE AVAILABLE THROUGH A 3RD PARTY PROCESSOR. SAVINGS ACCOUNTS: RGV CREDIT UNION SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 17,041 MEMBER-OWNED SAVINGS ACCOUNTS AS OF DECEMBER 31, 2021. DIVIDENDS ARE PAID OUT QUARTERLY AND MEMBERS CAN ACCESS THEIR ACCOUNTS VIA THE INTERNET, ATM, BY PHONE, OR THROUGH HOME BANKING. 0 0 0 0 0 0 0 0 0 1 1 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 1237 0 1 52 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 1 1 1 0 0 X JANIE SANDOVAL 9564235792 1221 MORGAN BLVD HARLINGEN TX 78550 DAVID JONES CHAIR 1.00 X X 0 0 0 JOE MONTEMAYOR VICE CHAIR 1.00 X X 0 0 0 EMMA MCCALL TREASURER 1.00 X X 0 0 0 JIM COFFMAN SECRETARY 1.00 X X 0 0 0 JOYCE BEATTIE DIRECTOR 1.00 X 0 0 0 CHAD E BENDER DIRECTOR 1.00 X 0 0 0 IMELDA HERNANDEZ DIRECTOR 1.00 X 0 0 0 CARL LEATHERMAN DIRECTOR 1.00 X 0 0 0 ELIZABETH MARTINEZ DIRECTOR 1.00 X 0 0 0 ALLYSON MORROW CEO/CFO 40.00 X 163000 0 27953 163000 0 27953 1 0 1 0 CU ANSWERS 6000 28TH STREET SE STE 100 GRAND RAPIDS MI 495466927 DATA PROCESSING 257474 FISERV ONCU PO BOX 208457 DALLAS TX 753208457 DATA PROCESSING 209386 ICS 10430 GULFDALE STREET SAN ANTONIO TX 78216 IT 104018 3 INTEREST ON LOANS 522100 3093900 3093900 FEE INCOME 522100 892309 814731 77578 OTHER OPERATING INCOME 522100 195379 189179 6200 4181588 683831 683831 5 0 5 5 5 4865424 4097810 83778 683836 5625 1500 116372 190953 1752452 60751 217951 139307 3519 19410 173859 40820 461758 341333 6187 235565 DATA PROCESSING 254794 PROVISION FOR LOAN LOSS 177109 LOAN SERVICING 115613 DUES 28213 43540 4386631 38105967 27541359 233145 556418 55668300 68816411 129840 206304 7943669 2914939 5301223 5028730 31854754 48645973 1335977 1547426 132629206 152342621 863776 2426750 121116311 138787959 121980087 141214709 X 0 0 0 0 10649119 11127912 10649119 11127912 132629206 152342621 478793 0 X 0 0 0 518883 518883 5927933 1782068 4145865 1496853 1132871 363982 5028730 MORTGAGE BACKED SECURITIES 43880719 C DEPOSITS IN BANKS & S&LS 1467888 C INVESTMENTS IN CORPORATE CREDIT UNIONS 569366 C SIMPLI CD'S 2728000 C 48645973 MEMBER SHARES 138787959 138787959 X X 0 0 0 ALLYSON MORROW CEO/CFO 152287 0 4000 0 6713 0 8759 0 19194 0 190953 0 0 0 FORM 990, PART I, ITEM C DBA: RGV CREDIT UNION FORM 990, PART VI, SECTION A, LINE 6 RIO GRANDE VALLY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A RIO GRANDE VALLEY CEDIT UNION MEMBERS ELECT THE DIRECTORS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990 IS FORMALLY PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12 CONFLICTS OF INTEREST PERTAINING TO LOAN INTEREST ARE AVOIDED BY HAVING INTEREST RATES SET STRICTLY BY THE CREDIT SCORE. THE FILE MAINTENANCE REPORTS ARE REVIEWED ON A DAILY BASIS. ALL BOARD MEMBER AND EMPLOYEE LOANS ARE APPROVED BY THE CEO. THE CEO'S LOANS MUST BE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A RIO GRANDE VALLEY CREDIT UNION HIRES A THIRD PARTY TO HANDLE THE CEO COMPENSATION EVALUATION. BOARD MEMBERS RESPOND TO AN ANONYMOUS SURVEY AND THE CEO COMPENSATION SCALE IS DETERMINED BY THE THIRD PARTY. THIS PROCESS IS ONLY DONE FOR THE CEO'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES NEED TO BE REQUESTED IN WRITING AND A COPY WILL BE PROVIDED. COPIES OF FINANCIAL STATEMENTS WILL BE PROVIDED UPON REQUEST. DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).