NORTH EAST TEXAS CREDIT UNION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: NORTH EAST TEXAS CREDIT UNION (EIN 75-0830371)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-10
IRS object ID: 202103149349307100
Schema version: 2020v4.1
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	2021-11-10T16:43:03-06:00	ReturnTs
Tax Period End	2020-12-31	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	801 NICOLLET MALL WEST TOWER STE	AddressLine1Txt
Address Line2	1200	AddressLine2Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	554022526	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-01-01	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	BARBARA KAY STEWART	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	9036562576	PhoneNum
Signature	2021-11-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BARBARA	PersonFirstNm
Person Last	KAY STEWART	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KACIE MCEWEN	PreparerPersonNm
PTIN	P01599614	PTIN
Phone	6123324300	PhoneNum
Preparation	2021-11-09	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	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	$9,141,934	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	68	TotalEmployeeCnt
Total Volunteers	5	TotalVolunteersCnt
Total Gross UBI	$214,451	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$7,927,961	PYProgramServiceRevenueAmt
CY Program Service Revenue	$7,864,226	CYProgramServiceRevenueAmt
PY Investment Income	$1,291,451	PYInvestmentIncomeAmt
CY Investment Income	$861,359	CYInvestmentIncomeAmt
PY Other Revenue	$20,275	PYOtherRevenueAmt
CY Other Revenue	$364,144	CYOtherRevenueAmt
PY Total Revenue	$9,239,687	PYTotalRevenueAmt
CY Total Revenue	$9,089,729	CYTotalRevenueAmt
PY Grants And Similar Paid	$6,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$5,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$703,932	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$715,189	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$3,766,604	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$3,804,689	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,029,659	PYOtherExpensesAmt
CY Other Expenses	$3,787,317	CYOtherExpensesAmt
PY Total Expenses	$8,506,195	PYTotalExpensesAmt
CY Total Expenses	$8,312,195	CYTotalExpensesAmt
PY Revenues Less Expenses	$733,492	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$777,534	CYRevenuesLessExpensesAmt
Total Assets BOY	$161,716,142	TotalAssetsBOYAmt
Total Assets EOY	$193,125,846	TotalAssetsEOYAmt
Total Liabilities BOY	$142,776,990	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$172,860,872	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$18,939,152	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,264,974	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 2020 WITH TOTAL SHARE BALANCES OF $172,631,062.	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 12/31/2020 WITH 4,995 LOANS TOTALING $92,008,318. OF THESE LOANS, 2,249 OF THESE LOANS TOTALING $37,616,564 WERE FUNDED IN 2020.	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 ADDED ADVANCED CARD CONTROLS FOR DEBIT CARDS IN 2020.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	THE 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	3446	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	68	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	Yes (1)	LocalChaptersInd
Policies Reference Chapters	Yes (1)	PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	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
States Where Copy Of Return Is Fld	TX	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	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&TREAS (AS OF 6/29/2020)	40.00	Yes (X)	Yes (X)	$214,504	$0	$17,517
WILLIAM GLOVER
CHAIR (RESIGNED 6/1/2020)	1.00	Yes (X)	Yes (X)	$0	$0	$0
EARL ALEXANDER
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
DEBORAH MARTIN
SEC&TREAS/CHAIR (AS OF 6/1/2020)	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROY HENRY
DIRECTOR	1.00	Yes (X)		$0	$0	$0
TRACIE SMITH
DIRECTOR (AS OF 6/1/2020)	1.00	Yes (X)		$0	$0	$0
KEITHA NILSSON
EXECUTIVE VICE PRESIDENT	40.00		Yes (X)	$140,092	$0	$20,606
EEARL MUELLER
IT ADMINISTRATOR	40.00			$114,197	$0	$13,172	Yes (X)
BRIAN HUGHES
SENIOR VICE PRESIDENT	40.00			$103,007	$0	$19,164	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$571,800	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$70,459	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CPS
663 W HIGHWAY 60	MONETT	MO	65708	CARD PROCESSING	$554,238
JACK HENRY & ASSOCIATES
663 W HIGHWAY 60	MONETT	MO	65708	COMPUTER PROCESSING	$482,979
WINDSTREAM
4001 RODNEY PARHAM ROAD	LITTLE ROCK	AR	72212	NETWORK COMMUNICATIONS	$242,926
EAST TEXAS LAWN CARE
3429 SAM PAGE ROAD	LONGVIEW	TX	75605	LAWN MAINTENANCE	$153,042
ECON-O-CHECK
3 GRESHAM LANDING	STOCKBRIDGE	GA	30281	CHECKING ACCOUNT SERVICES	$110,808

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
LOAN INTEREST INCOME	522100	$4,810,190	$4,810,190
FEE INCOME	522100	$1,796,417	$1,581,966	$214,451
OTHER OPERATING INCOME	522100	$1,257,619	$1,257,619

Field	Value	IRS element (for citing)
Total Program Service Revenue	$7,864,226	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$913,564	TotalRevenueColumnAmt
Exclusion	$913,564	ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$52,205	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$52,205	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$52,205	TotalRevenueColumnAmt
Exclusion	-$52,205	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	SWC CAPITAL REFUND	Desc
Business	900099	BusinessCd
Total Revenue Column	$364,144	TotalRevenueColumnAmt
Related Or Exempt Func Income	$364,144	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$364,144	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,089,729	TotalRevenueColumnAmt
Related Or Exempt Func Income	$8,013,919	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$214,451	UnrelatedBusinessRevenueAmt
Exclusion	$861,359	ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$5,000	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$715,189	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$392,719	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,601,447	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$92,076	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$494,339	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$224,108	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$6,806	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$104,920	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$403,679	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$74,468	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$821,098	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,161,539	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$218,215	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$39,699	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$461,514	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$46,890	TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt
PROVISION FOR LOAN/OD L	$259,568
DUES & NCUA EXAM DUES	$39,797

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$149,124	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,312,195	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,582,164	BOYAmt
EOY	$4,971,076	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$11,549,650	BOYAmt
EOY	$30,432,909	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$2,846,028	BOYAmt
EOY	$2,924,113	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$89,366,268	BOYAmt
EOY	$88,074,527	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$9,608,085	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,531,675	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,227,717	BOYAmt
EOY	$5,076,410	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$26,169,945	BOYAmt
EOY	$42,712,736	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$20,302,423	BOYAmt
EOY	$18,267,081	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$671,947	BOYAmt
EOY	$666,994	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$161,716,142	BOYAmt
EOY	$193,125,846	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$221,425	BOYAmt
EOY	$229,810	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$10,508,846	BOYAmt
EOY	$11,628,498	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$132,046,719	BOYAmt
EOY	$161,002,564	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$142,776,990	BOYAmt
EOY	$172,860,872	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	$18,939,152	BOYAmt
EOY	$20,264,974	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,939,152	BOYAmt
EOY	$20,264,974	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$161,716,142	BOYAmt
EOY	$193,125,846	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$777,534	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$548,288	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
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	$5,195,026	OtherCostOrOtherBasisAmt
Depreciation	$2,077,914	DepreciationAmt
Book Value	$3,117,112	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$640,605	OtherCostOrOtherBasisAmt
Depreciation	$554,456	DepreciationAmt
Book Value	$86,149	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,230,322	OtherCostOrOtherBasisAmt
Depreciation	$1,650,822	DepreciationAmt
Book Value	$579,500	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$360,142	OtherCostOrOtherBasisAmt
Depreciation	$248,483	DepreciationAmt
Book Value	$111,659	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$5,076,410	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BANK CERTIFICATES	$9,304,560	F
NCUSIF CAPITAL DEPOSIT	$1,464,298	F
CUNA MUTUAL SPLIT DOLLAR LIFE INS	$4,006,224	F
EXECUTIVE BENEFIT COLI PREFUNDING INV	$3,491,999	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$18,267,081	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	MEMBERS' SHARES	Desc
Amt	$161,002,564	Amt

Field	Value	IRS element (for citing)
Total Liability	$161,002,564	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	5	RecipientCnt
Cash Grant	$5,000	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&TREAS (AS OF 6/29/	$193,517	$0	$14,952	$0	$6,035	$0	$9,686	$0	$7,831	$0	$232,021	$0	$0	$0
KEITHA NILSSON
EXECUTIVE VICE PRESIDENT	$129,379	$0	$10,252	$0	$461	$0	$6,657	$0	$13,949	$0	$160,698	$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	$1,841,747	0	Yes (1)	Yes (1)
KEITHA NILSSON
EXECUTIVE VP	FUND SPLIT DOLLAR LIFE INSURANCE	Yes (X)	$702,000	$774,824	0	Yes (1)	Yes (1)
EEARL MUELLER
IT ADMINISTRATOR	FUND SPLIT DOLLAR LIFE INSURANCE	Yes (X)	$293,934	$307,542	0	Yes (1)	Yes (1)

Field	Value	IRS element (for citing)
Total Balance Due	$2,924,113	TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS 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	-$9,000	TotalIncomeAmt
End Of Year Assets	$3,330,947	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

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