2019-11-15T12:31:08-06:00 2018-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2018-01-01 741237070 NAVY ARMY COMMUNITY CREDIT UNION NAVY 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 CHRISTINA LETHLEAN CFO 3619864500 2019-11-14 1 KACIE MCEWEN P01599614 6123324300 66.98.98.3 2019-11-14 16:58:20 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-03-31 21:24:44Z GERRY MORROW 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 165554712 0 X WWW.NAVYARMYCCU.COM X 1955 TX TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 9 9 653 12 436114 0 0 0 143300803 162760695 2458518 2232560 1205244 0 146964565 164993255 0 0 30378526 35170371 33964825 37461976 0 0 0 57145517 62762488 121488868 135394835 25475697 29598420 2700862976 2970687295 2421583431 2666599437 279279545 304087858 TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 0 0 NAVY ARMY COMMUNITY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2018 THE TOTAL NUMBER OF LOANS ISSUED WAS 111,018 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $2,676,430,645. NAVY ARMY COMMUNITY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2018 THE TOTAL NUMBER OF MEMBERS WAS 175,887 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 307,842 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $2,545,723,320. NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM ACCESS TO MEMBERS. DURING 2018, THE TOTAL NUMBER OF ATM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 1,648,675. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48152 0 1 653 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X CHRISTINA LETHLEAN 3619857300 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 PEDRO RIVERA JR CHAIR 3.00 X X 16500 0 0 SYLVIA MARTINEZ VICE CHAIR 3.00 X X 10500 0 0 BOB WESTRUP TREASURER 3.00 X X 15600 0 0 BRYAN STONE SECRETARY 3.00 X X 14700 0 0 LINDA ANDERSON DIRECTOR 3.00 X 6600 0 0 JOHN CHAPMAN DIRECTOR 3.00 X 14400 0 0 THERESA GONZALES DIRECTOR 3.00 X 10200 0 0 THELMA MANDEL DIRECTOR 3.00 X 11400 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 11400 0 0 GERRY MORROW PRESIDENT/CEO 40.00 X 425977 0 24491 CARRIE RICE CHIEF FINANCIAL OFFICER 40.00 X 181820 0 6695 DANIEL DIBBLE CHIEF LENDING OFFICER CONSUMER & COMMERCIAL 40.00 X 248585 0 16105 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 40.00 X 213807 0 21907 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 40.00 X 174484 0 14583 GARY LANKFORD SVP REMOTE LENDING 40.00 X 184840 0 14930 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 40.00 X 215332 0 21483 DANA SISK EXECUTIVE VICE PRESIDENT 40.00 X 302488 0 15988 ASHLEY SMITH CHIEF OF MARKETING 40.00 X 165867 0 20187 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 224929 0 26987 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 40.00 X 185082 0 16028 JAMIE AGUILAR VP MORTGAGE ORIGINATION 40.00 X 154783 0 19089 GERALD PENNINGTON VP INDIRECT AUTO LENDING 40.00 X 156620 0 15664 TERRI YOUNG VP BRANCH OPERATIONS AND TRAINING 40.00 X 152044 0 13712 3097958 0 247849 33 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 PROCESSING 3427867 MOREHEAD DOTTS 2767 SANTE FE STREET CORPUS CHRISTI TX 78404 ADVERTISING 1796799 LANVERA 112 WRANGLER DR STE 150 COPPELL TX 75019 MARKETING 716500 NOBLE TEXAS BUILDERS 435 S TEXAS BLVD WESLACO TX 78596 CONSTRUCTION 524803 CATAPULT SYSTEMS 1221 S MOPAC EXPRESSWAY AUSTIN TX 78746 IT CONSTRUCTING 385524 29 INTEREST ON LOANS 522100 120724234 120724234 FEE INCOME 522100 24549655 24113541 436114 INTERCHANGE INCOME 522100 13106402 13106402 INSURANCE & OTHER OPERATING INCOM 522100 3527250 3527250 NON-OPERATING INCOME 522100 853154 853154 162760695 2794017 2794017 561457 -561457 -561457 -561457 164993255 162324581 436114 2232560 35170371 2881846 24235770 3278008 5117388 1948964 169986 240000 423551 2512112 8994606 2186250 2809237 186400 570065 1269017 5695556 397202 LOAN LOSS PROVISION 23236650 LOAN SERVICING EXPENSE 7668505 DEBIT CARD EXPENSE 6403351 135394835 197366511 193080926 2377617502 2645188904 2064786 1608249 96386207 47813894 44764820 48572313 1006900 5239900 78042457 76997003 2700862976 2970687295 14822782 20876117 0 100000000 2406760649 2545723320 2421583431 2666599437 X 0 0 0 0 279279545 304087858 279279545 304087858 2700862976 2970687295 X 29598420 -4790107 X 0 1 X 1 0 10130742 10130742 42785117 13965707 28819410 1560386 1121875 438511 23359223 18701845 4657378 18550739 14024467 4526272 48572313 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 2545723320 2545723320 X X X 0 1 0 GERRY MORROW PRESIDENT/CEO 340816 0 82875 0 2286 0 10200 0 22221 0 458398 0 0 0 CARRIE RICE CHIEF FINANCIAL OFFICER 159015 0 22500 0 305 0 0 0 7369 0 189189 0 0 0 DANIEL DIBBLE CHIEF LENDING OFFICER CONSUMER & COM 223319 0 25000 0 266 0 7564 0 10487 0 266636 0 0 0 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 188652 0 25000 0 155 0 8770 0 19664 0 242241 0 0 0 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 158961 0 15000 0 523 0 6975 0 8738 0 190197 0 0 0 GARY LANKFORD SVP REMOTE LENDING 168048 0 15000 0 1792 0 7322 0 8371 0 200533 0 0 0 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 189591 0 25000 0 741 0 8789 0 18737 0 242858 0 0 0 DANA SISK EXECUTIVE VICE PRESIDENT 252218 0 50000 0 270 0 7446 0 10645 0 320579 0 0 0 ASHLEY SMITH CHIEF OF MARKETING 143188 0 22500 0 179 0 6884 0 20424 0 193175 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 199749 0 25000 0 180 0 8336 0 30592 0 263857 0 0 0 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 159883 0 25000 0 199 0 7436 0 10365 0 202883 0 0 0 JAMIE AGUILAR VP MORTGAGE ORIGINATION 154728 0 0 0 55 0 6394 0 18287 0 179464 0 0 0 GERALD PENNINGTON VP INDIRECT AUTO LENDING 146466 0 10000 0 154 0 6329 0 11746 0 174695 0 0 0 TERRI YOUNG VP BRANCH OPERATIONS AND TRAINING 140795 0 11000 0 249 0 6104 0 9091 0 167239 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: GERRY MORROW - NO DISTRIBUTIONS IN 2018 DANA SISK - NO DISTRIBUTIONS IN 2018 SHANNON SRP - NO DISTRIBUTIONS IN 2018 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 THE 990 FORM IS REVIEWED IN DETAIL BY THE CONTROLLER AND CHIEF FINANCIAL OFFICER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION EMPLOYEES, DIRECTORS, OFFICERS AND THEIR SPOUSES ARE REQUIRED TO FILE AN ANNUAL DISCLOSURE STATEMENT LISTING ANY FINANCIAL INSTITUTIONS, TRADE ASSOCIATIONS OR RELATED BUSINESS THEY ARE ASSOCIATED WITH AS A DIRECTOR, OFFICER OR EMPLOYEE WITH A MATERIAL OWNERSHIP INTEREST OF $5,000 OR MORE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE PRESIDENT AND BOARD AND ANY CONFLICTS OF INTEREST ARE RESOLVED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A ALL STAFF COMPENSATION IS MEASURED AGAINST INDUSTRY STANDARDS BY THE HUMAN RESOURCES DEPARTMENT AND APPROVED BY THE PRESIDENT. THE BOARD OF DIRECTORS REVIEW COMPENSATION FOR THE PRESIDENT'S POSITION. FORM 990, PART VI, SECTION C, LINE 19 NAVY ARMY COMMUNITY CREDIT UNION'S WEBSITE HAS A LINK TO THE MARKETING DEPARTMENT WHERE MEMBERS CAN REQUEST DOCUMENTS. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). ALSO, A COPY OF THE FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH SITE AND ARE AVAILABLE TO THE PUBLIC ON NCUA'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -4,790,107.