2021-11-15T14:16:51-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 9901 IH-10 WEST STE 350 SAN ANTONIO TX 78230 990 2020-01-01 750905956 COOPERATIVE TEACHERS CREDIT UNION COOP 9035612603 1424 WSW LOOP 323 TYLER TX 75701 TIM MILLER PRESIDENT 9035612603 2021-11-15 1 TIM MILLER 999009999 DEAN ROHNE P00625086 2102987900 2021-11-15 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIM MILLER 1424 WSW LOOP 323 TYLER TX 75701 6178964 0 X WWW.COOPTEACHERS.COM X CREDIT UNION 1953 TX ENCOURAGE THRIFT (SAVINGS) AND PROVIDES CREDIT (LOANS) TO ITS MEMBERS. 7 7 46 7 130884 0 0 0 5359261 5665491 408089 334697 150383 159497 5917733 6159685 139282 159229 745011 616350 1484038 1885546 0 0 0 3315113 4035834 5683444 6696959 234289 -537274 113860664 124771965 99264500 109929628 14596164 14842337 X COOPERATIVE TEACHERS CREDIT UNION ENCOURAGES THRIFT (SAVINGS),PROVIDES CREDIT POSSIBILITES AT A FAIR AND REASONABLE RATE ANDADEQUATE SERVICES FOR THE MEMBERSHIP IN ORDER TO ENHANCE SOCIAL ANDPERSONAL GROWTH THROUGH SOUND MONEY MANAGEMENT. 0 0 COOPERATIVE TEACHERS CREDIT UNION'S SHARE ACCOUNTS OFFERADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAYDIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH HOME BANKING VIA THEINTERNET OR TELEPHONE, MOBILE BANKING, AND ATM'S WORLDWIDE. SPECIALSAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN TO ENCOURAGE THE DEVELOPMENTOF CONSISTENT SAVING HABITS. COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKINGACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSETHAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDITUNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING DEBIT CARDS,INTERNET ACCOUNT ACCESS, AND AN INTERNET BILL PAY PLATFORM. COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLELOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOWINCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERING FOR RECREATIONALVEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCEIS AVAILABLE ON ANY OF THESE LOANS. COOPERATIVE TEACHERS CREDIT UNION PROVIDES MORTGAGE LOANS TO QUALFYING MEMBERS. THE MORTGAGE LOAN PROGRAM INCLUDES EFFICIENT UNDERWRITING AND RESELLING LONG TERM FIXED RATE MORTGAGES ON A SECONDARY MARKET. 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2061 0 46 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 1 1 0 1 1 1 1 1 1 0 0 X TIM MILLER 9035612603 1424 WSW LOOP 323 TYLER TX 75701 WAYNE BOSHEARS CHAIRMAN 1.00 X X 0 0 0 LYNNE STAINBACK VICE CHAIRMAN 1.00 X X 0 0 0 ZEB CANTLEY SECRETARY 1.00 X X 0 0 0 JAMES HAYDEN DIRECTOR 1.00 X 0 0 0 GARY HOWELL DIRECTOR 1.00 X 0 0 0 CYNTHIA JOHNSON DIRECTOR 1.00 X 0 0 0 ORA TAYLOR DIRECTOR 1.00 X 0 0 0 TIMOTHY MILLER PRESIDENT/CEO 40.00 X 174000 0 12720 MICHAEL ARMSTRONG VP ACCOUNTING & FINANCE 40.00 X 52958 0 245 226958 0 12965 1 0 1 0 ADRENALINE LLC 195 NEW HAMPSHIRE AVE STE 115 PORTSMOUTH NH 03801 BUILDING/ADVERTISING 1509290 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE 715003 CORELATION 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 SOFTWARE 517922 NUSOURCE FINANCIAL LLC 9749 HAMILTON RD EDEN PRAIRIE MN 55344 SOFTWARE 441038 IMAGE WORKS 701 DEMING WAY SUITE 201 MADISON WI 53717 ADVERTISING 154587 8 LOAN INTEREST 522291 4648950 4648950 FEES & CHARGES 522100 767850 636966 130884 OTHER NON-INTEREST INC 524298 248691 248691 5665491 334697 334697 178776 19279 159497 159497 159497 6159685 5694104 130884 334697 159229 616350 239923 1343027 81720 108837 112039 44371 552602 459172 482853 323513 49179 411672 307209 43089 LOAN SERVICING EXPENSE 713316 PROVISION FOR LOAN LOSS 563579 OTHER MISC EXPENSES 85279 6696959 794038 1155395 8105735 5636618 88092133 82091823 156211 210182 7111494 1123321 3169990 5988173 10425732 19361536 3116825 10328238 113860664 124771965 1178505 2342538 385084 511829 97700911 107075261 99264500 109929628 X 0 0 0 0 14596164 14842337 14596164 14842337 113860664 124771965 X -537274 783443 4 X X 0 1 X 1 0 0 1 X 1117128 1117128 1729827 696703 1033124 1852118 64609 1787509 1831864 362009 1469855 580557 580557 5988173 INVESTMENT IN CUSO 129973 FHLB STOCK 1725500 NCUA DEPOSIT 743543 OTHER ASSETS 427361 ACCRUED INTEREST 299270 LOANS HELD FOR SALE 7002591 10328238 FHLB ADVANCES 18642410 SHARES & DEPOSITS 88432851 107075261 X 6178964 0 6178964 -19279 -19279 6159685 6716238 19279 19279 6696959 0 6696959 PART IV, LINE 2B: ESCROW ACCOUNTS FOR MEMBER HOME LOANS. PROPERTY TAXES AND INSURANCE ARE HELD IN ESCROW. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501 (C) (14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S 2017 THROUGH 2019 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -19,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 19,279. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING SCHEDULE D, PART IV, LINE 2B ESCROW ACCOUNTS FOR MEMBER HOME LOANS. PROPERTY TAXES AND INSURANCE ARE HELD IN ESCROW. X X X 0 0 0 TIMOTHY MILLER PRESIDENT/CEO 120000 0 54000 0 0 0 0 0 12720 0 186720 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBER OWNED FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF DIRECTORS ARE THE GOVERNING BODY. THERE ARE 7 VOTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS DURING THEIR REGULAR MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST STATEMENT IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO SALARY IS BASED ON VARIOUS SALARY SERVEYS. THIS WAS LAST PERFORMED IN 2020. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE TO MEMBERS FOR REVIEW IN OUR OFFICE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION IS IN COMPLIANCE WITH ALL APPLICABLE RULES AND REGULATIONS REGARDING PROVIDING INFORMATION TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, IN A NEWSLETTER, AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 4. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. COOPERATIVE TEACHERS CREDIT UNION FOUNDATION 1424 WSW LOOP 323 TYLER TX 75701 814173338 TO PROVIDE SCHOLARSHIPS AND RECOGNITION TO TEACHERS TX 501(C)(3) PF COOPERATIVE TEACHERS CREDIT UNION 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 COOPERATIVE TEACHERS CREDIT UNION FOUNDATION B 113288 FMV