NORTH EAST TEXAS CREDIT UNION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: NORTH EAST TEXAS CREDIT UNION (EIN 75-0830371)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-10-28
IRS object ID: 202243019349301969
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-10-28T17:36:01-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4650 EAST 53RD STREET	AddressLine1Txt
City	DAVENPORT	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	528073479	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	750830371	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORTH EAST TEXAS CREDIT UNION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NORT	BusinessNameControlTxt
Phone	9036562576	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1115 LONE STAR BLVD	AddressLine1Txt
City	LONE STAR	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75668	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ELISE MOORE	PersonNm
Person Title	VP COMPLIANCE	PersonTitleTxt
Phone	9036562576	PhoneNum
Signature	2022-10-28	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ELISE	PersonFirstNm
Person Last	MOORE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JENIFER L CHASE	PreparerPersonNm
PTIN	P01306883	PTIN
Phone	5638884000	PhoneNum
Preparation	2022-10-28	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BARBARA KAY STEWART	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1115 LONE STAR BLVD	AddressLine1Txt
City	LONE STAR	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75668	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$9,478,018	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.THENETCU.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1948	FormationYr
Legal Domicile State	TX	LegalDomicileStateCd
Activity Or Mission	TO INCREASE OUR MEMBERS' FINANCIAL WELL BEING AND STANDARD OF LIVING.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	4	VotingMembersIndependentCnt
Total Employee	69	TotalEmployeeCnt
Total Volunteers	5	TotalVolunteersCnt
Total Gross UBI	$224,013	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$7,864,226	PYProgramServiceRevenueAmt
CY Program Service Revenue	$8,324,601	CYProgramServiceRevenueAmt
PY Investment Income	$861,359	PYInvestmentIncomeAmt
CY Investment Income	$1,137,512	CYInvestmentIncomeAmt
PY Other Revenue	$364,144	PYOtherRevenueAmt
CY Other Revenue	$15,880	CYOtherRevenueAmt
PY Total Revenue	$9,089,729	PYTotalRevenueAmt
CY Total Revenue	$9,477,993	CYTotalRevenueAmt
PY Grants And Similar Paid	$5,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$6,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$715,189	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$490,596	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,804,689	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,781,849	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,787,317	PYOtherExpensesAmt
CY Other Expenses	$3,835,278	CYOtherExpensesAmt
PY Total Expenses	$8,312,195	PYTotalExpensesAmt
CY Total Expenses	$8,113,723	CYTotalExpensesAmt
PY Revenues Less Expenses	$777,534	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,364,270	CYRevenuesLessExpensesAmt
Total Assets BOY	$193,125,846	TotalAssetsBOYAmt
Total Assets EOY	$200,998,493	TotalAssetsEOYAmt
Total Liabilities BOY	$172,860,872	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$181,703,469	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$20,264,974	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$19,295,024	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	NORTH EAST TEXAS CREDIT UNION (NETCU) OFFERS A VARIETY OF SAVINGS ACCOUNTS IN ORDER TO BEST SERVE OUR MEMBERS. OUR MEMBER SHARE ACCOUNTS PAY REGULAR MONTHLY DIVIDENDS ON BALANCES OF $100 OR MORE. DIVIDEND RATES INCREASE AS BALANCES INCREASE. WE ALSO HAVE SPECIAL ACCOUNTS AVAILABLE FOR CHILDREN AND YOUTH OFFERING SPECIAL BENEFITS TO HELP YOUNG PEOPLE LEARN TO SAVE AND MANAGE MONEY. SHARE CERTIFICATES ARE ACCOUNTS THAT PROVIDE HIGHER RATES TO MEMBERS WITH LARGER SUMS TO PUT INTO SAVINGS OVER A FIXED PERIOD OF TIME. NETCU ALSO OFFERS A VARIETY OF IRA'S INCLUDING ROTH AND TRADITIONAL. NETCU ENDED 2021 WITH TOTAL SHARE BALANCES OF $181,465,013.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	NORTH EAST TEXAS CREDIT UNION HAS ALWAYS OFFERED LOANS AT COMPETITIVE OR LOWER RATES THAN OTHER FINANCIAL INSTITUTIONS. NETCU IS ABLE TO SERVE ITS ENTIRE MEMBERSHIP WITH OUR RISK-BASED LENDING PROGRAM. CONSUMER LOAN OFFERINGS INCLUDE BUT ARE NOT LIMITED TO AUTO LOANS, BEREAVEMENT, TAX REFUND, COMPUTER, FURNITURE, AND AGRICULTURAL LOANS. NETCU ALSO MAINTAINS A PORTFOLIO OF CONSUMER REAL ESTATE LOANS. FIXED RATE AND BALLOON LOANS FOR PURCHASE, HOME IMPROVEMENT, HOME EQUITY, AND CONSTRUCTION ARE AVAILABLE. NETCU ENDED 12/31/2021 WITH 4,921 LOANS TOTALING $90,589,646. OF THESE LOANS, 2,313 OF THESE LOANS TOTALING $42,331,805 WERE FUNDED IN 2021.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	NETCU CONTINUOUSLY RESEARCHES AND INVEST IN NEW TECHNOLOGY TO BETTER SERVE ITS MEMBERS. NET TELLER INTERNET BANKING OFFERS ONLINE ACCOUNT HISTORY INQUIRIES, STATEMENT RETRIEVAL, CURRENT TRANSACTION HISTORY, ON-LINE TRANSFERS, LOAN PAYMENTS, AND STOP PAYMENTS. TEXT BANKING ALLOWS MEMBERS TO CHECK THEIR FINANCIAL STATUS EVEN IF THEY DON'T HAVE A SMART PHONE OR WEB ENABLED DEVICE. MOBILE DEPOSIT ALLOWS FOR THE DEPOSIT OF CHECKS THROUGH IMAGE. ON-LINE BILL PAYMENT ALLOWS MEMBERS TO PAY BILLS ELECTRONICALLY AND COMPLETE PERSON TO PERSON PAYMENTS. CHECK IMAGES AND E-STATEMENTS ARE AVAILABLE ON-LINE TO MEMBERS. OUR AUDIO RESPONSE SYSTEM IS A TELEPHONE SERVICE THAT ALLOWS MEMBERS ACCESS TO THEIR CU ACCOUNT FROM ANYWHERE. WE ALSO ARE EQUIPPED TO OPEN NEW ACCOUNTS AND APPLY FOR LOANS THROUGH AN ON-LINE PLATFORM. NETCU UTILIZES MEMBER ALERTS WHICH ARE ALERTS SENT VIA TEXT AND EMAIL ALLOWING NETCU TO KEEP MEMBERS UP TO DATE ON DATA BREACHES, WEATHER RELATED CLOSINGS, OR OTHER EMERGENCY INFORMATION. MOBILE WALLET TECHNOLOGY ALLOWS MEMBERS THE ABILITY TO COMPLETE TRANSACTIONS WITH THEIR SMARTPHONES. NETCU UPDATED HOME BANKING IN 2021 WHICH INCLUDED ADDITIONS FOR MEMBER TO MEMBER TRANSFERS AND CARD MANAGEMENT OPTIONS.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	NORTH EAST TEXAS CREDIT UNION ALSO OFFERS THE FOLLOWING SERVICES - OVERDRAFT PROTECTION, COURTESY PAY, DEBIT CARDS, CREDIT CARDS, ATM NETWORK, DIRECT DEPOSIT, SAFE DEPOSIT BOXES, MONEY TRANSFER SERVICES, BUSINESS CHECKING, MEMBER BUSINESS LENDING, AND LOAN INSURANCE PROTECTION PRODUCTS.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	3029	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	69	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	4	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BARBARA KAY STEWART	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9036562576	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1115 LONE STAR BLVD	AddressLine1Txt
City	LONE STAR	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75668	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BARBARA KAY STEWART
PRESIDENT/CEO/SEC&TREASURER (RETIRED 6/30/22)	40.00	Yes (X)	Yes (X)	$214,629	$0	$18,684
KEITHA NILSSON
EXECUTIVE VICE PRESIDENT	40.00		Yes (X)	$143,765	$0	$22,576
EEARL MUELLER
IT ADMINISTRATOR	40.00			$128,828	$0	$15,948	Yes (X)
ANNA WEBB-MOORE
VP COMPLIANCE	40.00			$101,424	$0	$31,974	Yes (X)
MINDY NICHOLS
VP ACCOUNTING	40.00			$102,243	$0	$22,736	Yes (X)
DEBORAH MARTIN
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
EARL ALEXANDER
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROY HENRY
DIRECTOR	1.00	Yes (X)		$0	$0	$0
TRACIE SMITH
DIRECTOR	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$690,889	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$111,918	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
JACK HENRY & ASSOCIATES
663 W HIGHWAY 60	MONETT	MO	65708	COMPUTER AND CARD PROCESSING	$1,184,288
ECON-O-CHECK
3 GRESHAM LANDING	STOCKBRIDGE	GA	30281	CHECKING ACCOUNT SERVICES	$272,861
WINDSTREAM
4001 RODNEY PARHAM ROAD	LITTLE ROCK	AR	72212	NETWORK COMMUNICATIONS	$187,407
EAST TEXAS LAWN CARE
3429 SAME PAGE ROAD	LONGVIEW	TX	75605	LAWN MAINTENANCE	$137,582

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	4	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST INCOME	522100	$4,516,739	$4,516,739
FEE INCOME	522100	$1,805,032	$1,581,019	$224,013
OTHER OPERATING INCOME	522100	$1,509,357	$1,509,357
SWC CAPITAL REFUND	522100	$493,473	$493,473

Field	Value	IRS element (for citing)
Total Program Service Revenue	$8,324,601	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$992,977	TotalRevenueColumnAmt
Exclusion	$992,977	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$144,560	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$25	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$144,560	SecuritiesAmt
Other	-$25	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$144,535	TotalRevenueColumnAmt
Exclusion	$144,535	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER MISC INCOME	Desc
Business	522100	BusinessCd
Total Revenue Column	$15,880	TotalRevenueColumnAmt
Exclusion	$15,880	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$15,880	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,477,993	TotalRevenueColumnAmt
Related Or Exempt Func Income	$8,100,588	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$224,013	UnrelatedBusinessRevenueAmt
Exclusion	$1,153,392	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$6,000	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$490,596	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$399,655	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,597,998	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$79,821	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$485,564	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$218,811	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$11,482	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$112,409	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$468,387	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$52,879	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$812,951	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,469,223	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$221,072	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$19,758	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$422,234	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$47,012	TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt
PROVISION LOAN LOSS	$85,145
DUES & NCUA EXAM DUES	$37,747

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$74,979	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,113,723	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,971,076	BOYAmt
EOY	$5,131,687	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$30,432,909	BOYAmt
EOY	$13,225,299	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$2,924,113	BOYAmt
EOY	$2,983,727	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$88,074,527	BOYAmt
EOY	$86,955,457	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$9,669,720	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,755,484	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,076,410	BOYAmt
EOY	$4,914,236	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$42,712,736	BOYAmt
EOY	$70,035,383	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$18,267,081	BOYAmt
EOY	$15,316,053	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$666,994	BOYAmt
EOY	$2,436,651	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$193,125,846	BOYAmt
EOY	$200,998,493	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$229,810	BOYAmt
EOY	$238,456	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$11,628,498	BOYAmt
EOY	$11,111,835	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$161,002,564	BOYAmt
EOY	$170,353,178	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$172,860,872	BOYAmt
EOY	$181,703,469	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$20,264,974	BOYAmt
EOY	$19,295,024	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$20,264,974	BOYAmt
EOY	$19,295,024	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$193,125,846	BOYAmt
EOY	$200,998,493	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,364,270	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$2,334,220	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,181,990	OtherCostOrOtherBasisAmt
Book Value	$1,181,990	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,317,150	OtherCostOrOtherBasisAmt
Depreciation	$2,254,491	DepreciationAmt
Book Value	$3,062,659	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$647,966	OtherCostOrOtherBasisAmt
Depreciation	$569,320	DepreciationAmt
Book Value	$78,646	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,162,472	OtherCostOrOtherBasisAmt
Depreciation	$1,669,528	DepreciationAmt
Book Value	$492,944	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$360,142	OtherCostOrOtherBasisAmt
Depreciation	$262,145	DepreciationAmt
Book Value	$97,997	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,914,236	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BANK CERTIFICATES	$7,637,551	F
CUNA MUTUAL SPLIT DOLLAR LIFE INS	$4,109,635	F
EXECUTIVE BENEFIT COLI PREFUNDING INV	$3,568,867	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$15,316,053	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$170,353,178	Amt

Field	Value	IRS element (for citing)
Total Liability	$170,353,178	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE 2B:	FormAndLineReferenceDesc
Explanation	THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN CUSTOMERS. THE CREDIT UNION ALSO SERVES AS CUSTODIAN FOR ASSETS.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SECONDARY EDUCATION SCHOLARSHIPS	GrantTypeTxt
Recipient	6	RecipientCnt
Cash Grant	$6,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	NETCU REQUIRES ALL SCHOLARSHIP APPLICANTS TO SUBMIT AN APPLICATION AND COMPLETE AN ESSAY ABOUT A FINANCIAL EDUCATION BASED TOPIC. THE APPLICATIONS AND ESSAYS ARE GRADED BLINDLY AND SEPARATELY BY MULTIPLE JUDGES. A POINT SYSTEM IS ASSIGNED TO RATE THE APPLICANT'S SUBMISSIONS. GRANT FUNDS ARE REMITTED TO THE SCHOOL OF THE APPLICANT UPON PROOF OF ENROLLMENT.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BARBARA KAY STEWART
PRESIDENT/CEO/SEC&TREASURER (RETIRED	$186,362	$0	$27,307	$0	$960	$0	$9,327	$0	$9,357	$0	$233,313	$0	$0	$0
KEITHA NILSSON
EXECUTIVE VICE PRESIDENT	$124,702	$0	$18,838	$0	$225	$0	$6,431	$0	$16,146	$0	$166,342	$0	$0	$0

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
BARBARA KAY STEWART
PRESIDENT/CEO	FUND SPLIT DOLLAR LIFE INSURANCE	Yes (X)	$1,900,000	$1,887,651	0	Yes (1)	Yes (1)
KEITHA NILSSON
EXECUTIVE VP	FUND SPLIT DOLLAR LIFE INSURANCE	Yes (X)	$702,000	$772,587	0	Yes (1)	Yes (1)
EEARL MUELLER
IT ADMINISTRATOR	FUND SPLIT DOLLAR LIFE INSURANCE	Yes (X)	$293,934	$323,489	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$2,983,727	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART IV, LINE 12A AND 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 MARCH 31ST, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST.
FORM 990, PART VI, SECTION A, LINE 6	THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE.
FORM 990, PART VI, SECTION A, LINE 7B	MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR.
FORM 990, PART VI, SECTION B, LINE 11B	SENIOR MANAGEMENT REVIEWS FORM 990 PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THIS INFORMATION IS ADDRESSED IN OUR EMPLOYEE HANDBOOK. ALL NEW EMPLOYEES ATTEND A NEW HIRE ORIENTATION WHERE THIS MATERIAL IS COVERED. THE EMPLOYEE HANDBOOK IS UPDATED AND REVIEWED WITH ALL EMPLOYEES AT LEAST ANNUALLY. THE CONFLICT OF INTEREST POLICY STATES THE CREDIT UNION SHALL NOT ENGAGE IN BUSINESS ACTIVITIES WITH BOARD MEMBER(S) OR EMPLOYEE(S) FOR THE PURPOSE OF PRODUCTS, SERVICES, ETC., AND THE CREDIT UNION MAY NOT ENGAGE AN ATTORNEY OR CONTINUE TO ENGAGE AN ATTORNEY WHO IS REPRESENTING A MEMBER OF MANAGEMENT OR BOARD MEMBER REGARDLESS OF THE NATURE OF THE SERVICES PROVIDED. ANNUALLY BOARD MEMBERS ARE REQUIRED TO ATTEST TO THE FACT THEY DO NOT HAVE THESE TYPES OF CONFLICTS OF INTEREST. IF THEY DO THEY WOULD BE REQUIRED TO STEP DOWN AS THEY COULD NOT IN GOOD FAITH SIGN THE ATTESTATION. FOR MATTERS PERTAINING TO THE PERSONAL INTEREST OF A BOARD MEMBER OR A MEMBER OF HIS/HER FAMILY (PARENT, SPOUSE, SIBLING, CHILDREN, OR IN-LAWS) THE AFFECTED BOARD MEMBER OR MEMBERS SHALL NOT TAKE PART IN THE DISCUSSION NOR SHALL HE/SHE PARTICIPATE IN THE VOTE, AND THE MINUTES SHALL SO STATE.
FORM 990, PART VI, SECTION B, LINE 15A	THE BOARD OF DIRECTORS USES THE COMPEASE PERFORMANCE EVALUATING SYSTEM AS GUIDANCE IN SETTING THE SALARY FOR THE PRESIDENT/CEO. THE PRESIDENT/CEO AND ALL OTHER MEMBERS OF MANAGEMENT USE THIS INFORMATION AS GUIDANCE FOR SETTING SALARIES FOR ALL OTHER EMPLOYEES. THIS SYSTEM COMPARES EMPLOYEE SALARIES TO OTHER CREDIT UNIONS AND BANKS' AVERAGE SALARIES FOR COMPARABLE POSITIONS DETERMINED BY OUR GEOGRAPHIC AREA.
FORM 990, PART VI, SECTION C, LINE 19	FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO ALL MEMBERS UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NOTICE OF THIS IS POSTED ON THE CREDIT UNION WEBSITE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE FOYERS OF ALL BRANCH LOCATIONS.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NET FINANCIAL SERVICE CENTER	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1115 LONE STAR BLVD STE A	AddressLine1Txt
City	LONE STAR	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75668	ZIPCd

Field	Value	IRS element (for citing)
EIN	800967286	EIN
Primary Activities	MEMBER BUSINESS LOANS	PrimaryActivitiesTxt
Legal Domicile State	TX	LegalDomicileStateCd
Total Income	-$7,500	TotalIncomeAmt
End Of Year Assets	$0	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NORTH EAST TEXAS CREDIT UNION	BusinessNameLine1Txt