2020-11-16T13:08:14-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2019-01-01 750905956 COOPERATIVE TEACHERS CREDIT UNION COOP 9035612603 1424 WSW LOOP 323 TYLER TX 75701 MICHAEL ARMSTRONG VP ACCOUNTING & FINANCE 9035612603 2020-11-16 1 TANYA MEDGAARDEN P01717240 5074347000 2020-11-16 67.137.57.251 2020-11-16 11:20:04 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FFF55F81A3F3AE4ED99EA4C7BC73FF4637EEDE99 2019 2021-04-22 16:20:28Z TIM MILLER 1424 WSW LOOP 323 TYLER TX 75701 5984942 0 X WWW.COOPTEACHERS.COM X CREDIT UNION 1953 TX ENCOURAGE THRIFT (SAVINGS) AND PROVIDES CREDIT (LOANS) TO ITS MEMBERS. 7 7 29 7 0 0 0 0 5373694 5359261 462566 408089 71830 150383 5908090 5917733 0 139282 657608 745011 1430106 1484038 0 0 0 3270212 3315113 5357926 5683444 550164 234289 114532936 113860664 100388736 99264500 14144200 14596164 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. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1425 0 29 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X TIM MILLER 9035612603 1424 WSW LOOP 323 TYLER TX 75701 TIMOTHY MILLER PRESIDENT/CEO 40.00 X 172033 0 10548 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 172033 0 10548 1 0 1 0 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE 546889 NUSOURCE FINANCIAL LLC 9749 HAMILTON RD EDEN PRAIRIE MN 55344 MAINTENANCE 183687 2 LOAN INTEREST 522291 4776500 4776500 FEES & CHARGES 522100 536925 536925 OTHER NON-INTEREST INC 524298 45836 45836 5359261 430466 430466 195215 44832 150383 150383 150383 12300 10077 -12300 -10077 -22377 -22377 5917733 5509644 0 408089 X 139282 745011 182581 1004832 98206 109863 88556 76701 694387 263981 280098 137667 100128 614176 129091 74086 LOAN SERVICING EXPENSE 699026 PROVISION FOR LOAN LOSS 202354 OTHER MISC EXPENSES 43418 5683444 458670 794038 1968423 8105735 88144513 88092133 101368 156211 4192783 1022793 2491446 3169990 18246024 10425732 500000 2622492 3116825 114532936 113860664 661780 1178505 888764 385084 98838192 97700911 100388736 99264500 X 0 0 0 0 14144200 14596164 14144200 14596164 114532936 113860664 234289 217675 0 X X 0 1 X 1 0 0 1 X 1078051 1078051 1941238 649600 1291638 704641 373193 331448 468853 468853 3169990 FHLB ADVANCES 21869944 SHARES & DEPOSITS 75830967 97700911 X 5962565 0 5962565 -44832 -44832 5917733 5728271 44832 44832 5683439 5 5 5683444 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, 2019 AND 2018. THE CREDIT UNION'S 2016 THROUGH 2018 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -44,832. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 44,832. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 5. SCHEDULE D, PART IV, LINE 2B ESCROW ACCOUNTS FOR MEMBER HOME LOANS. PROPERTY TAXES AND INSURANCE ARE HELD IN ESCROW. 1 CTCU FOUNDATION 1424 WSW LOOP 323 TYLER TX 75701 814173338 501(C)(3) 118510 PROVIDE SCHOLARSHIPS AND RECOGNITION TO TEACHERS 1 X X X 0 0 0 TIMOTHY MILLER PRESIDENT/CEO 120000 0 52033 0 0 0 0 0 10548 0 182581 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 2019. 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 IX, LINE 11G FISERV 557,061. OTHER PROFESSIONAL SERVICES 137,326. 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 118510 FMV