2021-11-15T12:00:51-06:00 2020-12-31 741699466 FITTS ROBERTS KOLKHORST & CO PC 5718 WESTHEIMER STE 800 HOUSTON TX 77057 990 2020-01-01 741260543 TEXAS DOW ECU TEXA 3615809629 1001 FM 2004 LAKE JACKSON TX 77566 RHONDA PAVLICEK SVP & CFO 3615809629 2021-11-15 1 RHONDA PAVLICEK 999009999 ROGER L DUNCAN CPA P01087367 7132605230 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RHONDA PAVLICEK 1001 FM 2004 LAKE JACKSON TX 77566 282530517 0 X WWW.TDECU.ORG X 1955 TX INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. 10 10 1023 0 3039220 0 0 0 244087686 270574904 4426621 5247776 775599 75047 249289906 275897727 0 0 0 0 69808173 83005357 0 0 0 154114095 162389910 223922268 245395267 25367638 30502460 3609955686 4100727242 3293132863 3753123220 316822823 347604022 INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. 0 0 TDECU IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH MORE THAN 354,253 MEMBERS. TDECU CURRENTLY HAS 35 MEMBER SERVICE LOCATIONS, AND OFFERS A COMPLETE SELECTION OF CONVENIENT AND COMPETITIVE PRODUCTS AND SERVICES. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 72249 0 1 1023 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X RHONDA L PAVLICEK SVP CFO 3615809629 1001 FM 2004 LAKE JACKSON TX 77566 DAN BUCHE DIRECTOR 4.00 X 42375 0 3020 GEORGE HORNBACK DIRECTOR 4.00 X 17673 0 0 PEGGY MILTENBERGER DIRECTOR 4.00 X 24750 0 0 DICK SMITH DIRECTOR 4.00 X 44250 0 3375 ED ZINGLEMAN DIRECTOR 4.00 X 31125 0 301 EDWARD SPEED DIRECTOR 4.00 X 31173 0 0 JACK ANTONINI DIRECTOR 4.00 X 9750 0 8308 ROLAND HENDRICKS DIRECTOR 4.00 X 41322 0 0 FRANK COE DIRECTOR 4.00 X 26625 0 0 ROBERT BALDWIN III DIRECTOR 4.00 X 9750 0 3020 ANITA SEHGAL DIRECTOR 4.00 X 24750 0 0 DAVID SIKORA DIRECTOR 4.00 X 25500 0 0 ELIZABETH R KILLINGER DIRECTOR 4.00 X 21375 0 0 STEVEN J MURRAY DIRECTOR 4.00 X 24750 0 6236 MANUEL S RODRIGUEZ DIRECTOR 4.00 X 14625 0 3375 STEPHANIE SHERRODD PRESIDENT 40.00 X 923825 0 26846 RHONDA PAVLICEK SENIOR VP & CFO 40.00 X 687242 0 26642 MURSHID KHAN SENIOR VP & CIO 40.00 X 547722 0 24033 ALEXIS ALEJANDRO DE LA CRUZ SENIOR VP - CGSMO 40.00 X 446261 0 26559 THOMAS DALLAM SENIOR VP & CPO 40.00 X 370750 0 18112 ANDREI SIMESCU SENIOR VP & CCEO 40.00 X 361352 0 17950 DAN TABRAHAM SENIOR VP & CCRO 40.00 X 314100 0 20863 ISAAC JOHNSON SENIOR VP & CALDO 40.00 X 181235 0 5786 CASEY WILCOX SENIOR VP PRESIDENT 40.00 X 250101 0 9220 MICHAEL HUBBELL VP - RISK MANAGEMENT 40.00 X 168652 0 20259 MILTON LUCAS VP BUSINESS SERVICES 40.00 X 195681 0 20363 MARGARET HARTENSTINE VP - WHOLESALE LENDING 40.00 X 171315 0 17195 BRANDY JEAN PHILLIPS VP - MORTGAGE LENDING 40.00 X 205875 0 22359 INGEBORG BURCH VP - PRODUCT MANAGEMENT 40.00 X 268714 0 14155 BONITA TUCKER VP - OPERATIONS 40.00 X 248098 0 22569 JASON SCHNEIDER VP - FINANCE 40.00 X 274088 0 24123 MARK RICHARD COOL VP - MARKETING 40.00 X 269090 0 19050 ANTHONY WARDEN VP - MEMBER CARE 40.00 X 266866 0 23243 KEITH HRNYAK VP - CONTROLLER 40.00 X 235611 0 20125 GERALD A EICHHORST VP - DIGITAL EXPERIENCE 40.00 X 251130 0 18004 JOSHUA DEAN BRIAN VP - STRATEGIC PARTNERSHIP 40.00 X 178275 0 20182 ANDRES CUETO VP - CORPORATE REAL ESTATE 40.00 X 226148 0 18018 MICHELL AZBELL VP HR BUSINESS CONSULTING 40.00 X 194395 0 19056 DANNY HURT VP LEARNING AND DEVELOPMENT 40.00 X 188203 0 15771 CHANTA ROSENSTOCK VP RETAIL 40.00 X 275074 0 16325 ANNIE MATHEW VP TOTAL REWARDS 40.00 X 225393 0 7920 CHERYL BRUCE CUELLAR MORTGAGE LOAN OFFICER 40.00 X 426541 0 22910 NICOL ROBINSON MORTGAGE LOAN OFFICER 40.00 X 403940 0 19823 DACKRY VANORDEN MORTGAGE LOAN OFFICER 40.00 X 343025 0 15762 TRENT WAYNE MORTGAGE LOAN OFFICER 40.00 X 335002 0 23297 GINO ABRAHAM MORTGAGE LOAN OFFICER 40.00 X 326655 0 16882 JENNIFER KELLY DOMINIQUINI FORMER SENIOR VP & CDEO 40.00 X 211007 0 3768 10361159 0 624805 159 1 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 MEMBER CARE CALL CENTER, ONLINE BANKING 10320166 VISA USA 900 METRO CENTER BOULEVARD FOSTER CITY CA 94404 VISA MONTHLY BILLING, DEBIT CARD FEES 6677799 CARDTRONICS 2050 W SAM HOUSTON PKWY S SUITE 13 HOUSTON TX 77042 ATMS PROVIDED WITH LOGO; INVOICE AND VOU 2665347 LANVERA LTD 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 MONTHLY NOTICES/FORMS/ESTATEMENTS 1907000 BUCEES 327 FM 2004 LAKE JACKSON TX 77566 FUEL DISCOUNTS/CC INTERCHANGE/ATM TRANSA 1710454 27 INTEREST ON LOANS 522100 187752519 187752519 FEE INCOME 522100 55303234 54467365 835869 OTHER OPERATING INCOME 522100 27519151 25315800 2203351 270574904 1898868 1898868 5699976 4281722 2267541 4365249 3432435 -83527 3348908 3348908 K-1 FROM BUSINESS FINA 900099 75047 75047 75047 275897727 267535684 3039220 5322823 8419924 56222999 2439102 11357733 4565599 1479514 158413 13070937 5303430 7755401 1580065 6945098 831127 34049692 7596343 684495 PROVISION FOR LOAN LOSS 45308953 OTHER SERVICE FEES 31915888 LOAN SERVICING EXPENSE 5710554 245395267 12099242 14480238 295841402 311124513 3343425 3415823 3143007107 3609852657 111798442 59637796 54256841 52160646 20048702 24485350 11542156 9961987 69816811 75246028 3609955686 4100727242 79553616 53503876 307475 1470116 14106734 20668319 260567542 215480059 2938597496 3462000850 3293132863 3753123220 X 0 0 0 0 316822823 347604022 316822823 347604022 3609955686 4100727242 X 30502460 157200 121539 X X 0 1 X 1 0 0 1 X 17979584 17979584 40457536 17426254 23031282 7283416 4708211 2575205 601609 601609 45476297 37503331 7972966 52160646 MEMBERS' SHARES AND SAVINGS ACCOUNTS 3462000850 3462000850 X 275906200 0 275906200 -8473 -8473 275897727 245321587 83527 83527 245238060 157207 157207 245395267 PART IV, LINE 1B: CUSTODIAL FUNDS IN ESCROW REPRESENT PAYMENTS FOR PRINCIPAL AND INTEREST, AS WELL AS FOR TAXES AND INSURANCE. THESE AMOUNTS ARE HELD IN ESCROW, WITH A CORRESPONDING LIABILITY RECORDED UNTIL THE DATE THAT SUCH FUNDS ARE RELEASED BY THE CREDIT UNION FOR THEIR INTENDED PURPOSE. THE AUDITED FINANCIAL STATEMENT OFFSETS THE ESCROW AND AGENCY FUNDS BY THE AMOUNT OF THE SEGREGATED SPECIAL BANK ACCOUNTS AND EXCLUDES THOSE ACCOUNTS FROM CORPORATE ASSETS. THIS RETURN INCLUDES THE SEGREGATED CASH ACCOUNTS IN FORM 990, PART X ON LINES 1 AND 2 AND DISCLOSES THE ESCROW ACCOUNT BALANCES ON LINE 21. PART IV, LINE 2B: CUSTODIAL FUNDS IN ESCROW REPRESENT PAYMENTS FOR PRINCIPAL AND INTEREST, AS WELL AS FOR TAXES AND INSURANCE. THESE AMOUNTS ARE HELD IN ESCROW, WITH A CORRESPONDING LIABILITY RECORDED UNTIL THE DATE THAT SUCH FUNDS ARE RELEASED BY THE CREDIT UNION FOR THEIR INTENDED PURPOSE. THE AUDITED FINANCIAL STATEMENT OFFSETS THE ESCROW AND AGENCY FUNDS BY THE AMOUNT OF THE SEGREGATED SPECIAL BANK ACCOUNTS AND EXCLUDES THOSE ACCOUNTS FROM CORPORATE ASSETS. THIS RETURN INCLUDES THE SEGREGATED CASH ACCOUNTS IN FORM 990, PART X ON LINES 1 AND 2 AND DISCLOSES THE ESCROW ACCOUNT BALANCES ON LINE 21. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. TEXAS DOW EMPLOYEES CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (AS DEFINED IN SECTION 512) DERIVED BY STATE-CHARTERED CREDIT UNIONS. MANY STATES HAVE SIMILAR LAWS. THE SPECIFIC APPLICATION OF SECTION 512 TO THE VARIOUS ACTIVITIES CONDUCTED BY STATE-CHARTERED CREDIT UNIONS HAS BEEN AN ISSUE FOR MANY YEARS. IN 2007, THE INTERNAL REVENUE SERVICE ("IRS") ISSUED A SERIES OF TECHNICAL ADVICE MEMORANDA ("TAM") TO A NUMBER OF STATE-CHARTERED CREDIT UNIONS LOCATED THROUGHOUT THE COUNTRY. IN THESE TAMS, THE IRS RULED CERTAIN PRODUCTS AND SERVICES TO BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN LIGHT OF THE TAMS, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY. IN THE OPINION OF MANAGEMENT, ANY LIABILITY ARISING FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: K-1 FROM BUSINESS FINANCIAL ALLIANCE SYSTEMS 75,047. LOSS ON SALE OF ASSETS -83,527. ROUNDING 7. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 83,527. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET CHANGE IN UNREALIZED GAIN ON SECURITIES 157,200. ROUNDING 7. X X X 1 1 X X X X X 1 1 0 STEPHANIE SHERRODD PRESIDENT 605500 0 290000 0 28325 0 11200 0 15646 0 950671 0 0 0 RHONDA PAVLICEK SENIOR VP & CFO 325310 0 353700 0 8232 0 11200 0 15442 0 713884 0 0 0 MURSHID KHAN SENIOR VP & CIO 269207 0 272150 0 6365 0 9024 0 15009 0 571755 0 0 0 ALEXIS ALEJANDRO DE LA CRUZ SENIOR VP - CGSMO 316500 0 119500 0 10261 0 11200 0 15359 0 472820 0 0 0 CHERYL BRUCE CUELLAR MORTGAGE LOAN OFFICER 20913 0 380538 0 25090 0 11200 0 11710 0 449451 0 0 0 NICOL ROBINSON MORTGAGE LOAN OFFICER 21857 0 340751 0 41332 0 8544 0 11279 0 423763 0 0 0 THOMAS DALLAM SENIOR VP & CPO 257360 0 97100 0 16290 0 4680 0 13432 0 388862 0 0 0 ANDREI SIMESCU SENIOR VP & CCEO 271263 0 84500 0 5589 0 3400 0 14550 0 379302 0 0 0 DACKRY VANORDEN MORTGAGE LOAN OFFICER 20394 0 269039 0 53592 0 4851 0 10911 0 358787 0 0 0 TRENT WAYNE MORTGAGE LOAN OFFICER 22650 0 282375 0 29977 0 11400 0 11897 0 358299 0 0 0 GINO ABRAHAM MORTGAGE LOAN OFFICER 29175 0 242723 0 54757 0 7031 0 9851 0 343537 0 0 0 DAN TABRAHAM SENIOR VP & CCRO 254000 0 0 0 60100 0 6000 0 14863 0 334963 0 0 0 JASON SCHNEIDER VP - FINANCE 220335 0 52748 0 1005 0 9484 0 14639 0 298211 0 0 0 CHANTA ROSENSTOCK VP RETAIL 171385 0 4730 0 98959 0 2361 0 13964 0 291399 0 0 0 ANTHONY WARDEN VP - MEMBER CARE 204981 0 56736 0 5149 0 10223 0 13020 0 290109 0 0 0 MARK RICHARD COOL VP - MARKETING 197727 0 71363 0 0 0 4902 0 14148 0 288140 0 0 0 INGEBORG BURCH VP - PRODUCT MANAGEMENT 193454 0 74000 0 1260 0 0 0 14155 0 282869 0 0 0 BONITA TUCKER VP - OPERATIONS 193395 0 46143 0 8560 0 9700 0 12869 0 270667 0 0 0 GERALD A EICHHORST VP - DIGITAL EXPERIENCE 202400 0 42000 0 6730 0 4160 0 13844 0 269134 0 0 0 CASEY WILCOX SENIOR VP PRESIDENT 152308 0 25000 0 72793 0 6769 0 2451 0 259321 0 0 0 KEITH HRNYAK VP - CONTROLLER 180009 0 47555 0 8047 0 7631 0 12494 0 255736 0 0 0 ANDRES CUETO VP - CORPORATE REAL ESTATE 184961 0 2000 0 39187 0 4926 0 13092 0 244166 0 0 0 ANNIE MATHEW VP TOTAL REWARDS 163070 0 5000 0 57323 0 4891 0 3029 0 233313 0 0 0 BRANDY JEAN PHILLIPS VP - MORTGAGE LENDING 166155 0 39720 0 0 0 8620 0 13739 0 228234 0 0 0 MILTON LUCAS VP BUSINESS SERVICES 159496 0 31785 0 4400 0 7987 0 12376 0 216044 0 0 0 JENNIFER KELLY DOMINIQUINI FORMER SENIOR VP & CDEO 70269 0 36250 0 104488 0 0 0 3768 0 214775 0 0 0 MICHELL AZBELL VP HR BUSINESS CONSULTING 147992 0 36943 0 9460 0 6814 0 12242 0 213451 0 0 0 DANNY HURT VP LEARNING AND DEVELOPMENT 157373 0 23840 0 6990 0 3677 0 12094 0 203974 0 0 0 JOSHUA DEAN BRIAN VP - STRATEGIC PARTNERSHIP 142474 0 32665 0 3136 0 7247 0 12935 0 198457 0 0 0 MICHAEL HUBBELL VP - RISK MANAGEMENT 140027 0 28625 0 0 0 6894 0 13365 0 188911 0 0 0 MARGARET HARTENSTINE VP - WHOLESALE LENDING 141400 0 29915 0 0 0 5130 0 12065 0 188510 0 0 0 ISAAC JOHNSON SENIOR VP & CALDO 106154 0 0 0 75081 0 4385 0 1401 0 187021 0 0 0 PART I, LINE 1B THE ORGANIZATION GROSSED UP PAYMENTS THAT ARE OUT OF THE ORDINARY (E.G. SERVICE AWARDS, RELOCATION, ETC.) SO THAT THE PAYMENT WILL BE TAX-NEUTRAL TO THE RECIPIENT. THE ORGANIZATION HAS A POLICY FOR EXPENSE REIMBURSEMENTS AND REQUIRES RECEIPTS AND PROOF OF EXPENSES PRIOR TO REIMBURSING. PART I, LINES 4A-B SEVERANCE PACKAGE: GARY LANIER $ 191,672 JENNIFER KELLY DOMINIQUINI $ 97,000 TYLER LAUW $ 87,500 KATIE JOHNSON $ 54,654 NANCY LOFTIS $ 17,433 MILES HARRISON $ 15,648 457(F) PLAN 2020 PURCHASE PAYMENTS: RHONDA PAVLICEK $ 49,308 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ELECTION OF THE GOVERNING BODY. MEMBERS DO NOT HAVE THE RIGHT TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. ALL MEMBERS RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS BY THE USE OF ELECTRONIC DEVICE, ABSENTEE BALLOT OR MAIL BALLOT. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WILL BE REVIEWED BY THE SVP/CFO AND CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND MANAGERS MUST REPORT ANNUAL ACKNOWLEDGEMENT OF ANY POTENTIAL CONFLICT OF INTEREST AS INDICATED BY TDECU'S BUSINESS ETHICS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS FOR THE CEO INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO A COMPENSATION COMMITTEE THAT THEN REVIEWS AND RECOMMENDS PAY ADJUSTMENTS BASED ON MARKET AND CEO PERFORMANCE. THE COMPENSATION COMMMITTEE IS COMPRISED OF BOARD MEMBERS. THE COMPENSATION PROCESS FOR TOP MANAGEMENT INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO CEO AND SVPS FOR REVIEW AND RECOMMENDATIONS ON PAY ADJUSTMENTS BASED ON MARKET POSITION AND PERFORMANCE. AT RISK PAY IS REVIEWED AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE PUBLICLY DISPLAYED IN EACH BRANCH OFFICE. ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST BY ANY MEMBER. FORM 990, PART XI, LINE 9: ORANGE COUNTY TEACHERS CREDIT UNION MERGER 121,539. FORM 990, PART XII, LINE 2C: THE PROCESS BY WHICH THE AUDIT COMMITTEE OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR. TDECU INSURANCE AGENCY LLC 1001 FM 2004 LAKE JACKSON TX 77566 260901021 INSURANCE AGENCY TX 674000 11763062 TDECU HOLDINGS LLC TDECU HOLDINGS LLC 1001 FM 2004 LAKE JACKSON TX 77566 453582513 HOLDING COMPANY TX 850223 11652314 TEXAS DOW ECU TDECU WEALTH ADVISORS LLC 1001 FM 2004 LAKE JACKSON TX 77566 453581914 MANAGEMENT TX 0 0 TEXAS DOW ECU LOAN ORIGINATION ACQUISITION NETWORK LLC 1001 FM 2004 LAKE JACKSON TX 77566 462758520 CONSULTING TX 0 24291 TEXAS DOW ECU BRAZORIA COUNTY BUSINESS CENTER DRIVE LLC 2500 FANNIN ST HOUSTON TX 77002 843393843 CORPORATE ACTIVITY TX 0 0 TEXAS DOW ECU