2025-11-17T11:05:29-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 750763606 TEXAS TRUST CREDIT UNION TEXA 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 JAMES MINGE PRESIDENT/CEO 9725951305 2025-11-17 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-17 2024 2025-03-06 01:10:19Z JAMES MINGE 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 119774480 0 X WWW.TEXASTRUSTCU.ORG X 1936 TX PROVIDING MEMBERS A LIFETIME OF FINANCIAL SERVICES AND MAINTAINING A FINANCIALLY STRONG COOPERATIVE. 8 8 401 12 643970 0 0 0 87442932 98636346 11710883 20287503 85418 543256 99239233 119467105 280049 299637 0 0 26071507 27646929 0 0 0 65628606 85024727 91980162 112971293 7259071 6495812 2023353997 1988763916 1860655047 1811754392 162698950 177009524 X WE ARE COMMITTED TO BEING OUR MEMBERS' PARTNER, PROVIDING A LIFETIME OF FINANCIAL SERVICES ADJUSTED TO THEIR NEEDS WHILE MAINTAINING A FINANCIALLY STRONG FULL-SERVICE COOPERATIVE. 1 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 25885 0 1 401 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JAMES MINGE 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 LARRY SKINNER CHAIRPERSON 1.00 X 0 0 0 CHARLIE NUTT VICE CHAIRPERSON 1.00 X 0 0 0 KAREN SAULS TREASURER 1.00 X 0 0 0 BOB MCLELLAN SECRETARY & MEMBERSHIP OFFICER 1.00 X 0 0 0 LONNIE MORGAN DIRECTOR & SECURITY OFFICE 1.00 X 0 0 0 JOE JOHNSON DIRECTOR 1.00 X 0 0 0 PHILIP MARTINEZ DIRECTOR 1.00 X 0 0 0 PAMELA STEPHENS DIRECTOR 1.00 X 0 0 0 SEAN CHOATE ADVISORY BOARD 1.00 X 0 0 0 JERRY OLIVE ADVISORY BOARD 1.00 X 0 0 0 LILLIE WILSON ADVISORY BOARD 1.00 X 0 0 0 KAYE GILBERT ADVISORY BOARD 1.00 X 0 0 0 JAMES MINGE CEO 45.00 X 731366 0 69190 PEGGY ESPARZA CFO 45.00 X 297466 0 42133 WILLIAM KELSEY PRESIDENT 45.00 X 454576 0 73706 RONNIE SMITH JR CGO 45.00 X 290943 0 59074 LEANN SANTIAGO SVP DIGITAL EXPERIENCE 45.00 X 236644 0 56212 WHITNEY MCLEOD SVP LENDING 45.00 X 257890 0 39318 FRED TRUSTY SVP MARKETING & DATA ANALYTICS 45.00 X 226894 0 32981 ALAN BARBEE SVP PLANNING & FACILITIES 45.00 X 174990 0 27451 ROBERT A UNDERWOOD SVP IT OPERATIONS 45.00 X 183039 0 34559 2853808 0 434624 43 0 1 0 L KEELEY CONSTRUCTION 500 S EWING AVE STE G ST LOUIS MO 63103 CONSTRUCTION 2310518 EXPERT SERVICES 2345 MERRITT DR GARLAND TX 75041 HVAC 1810284 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 IT HARDWARE AND SOFTWARE 1225626 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE AND OTHER CRITICAL SYSTEMS 1158102 LANVERA 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 STATEMENT OUTSOURCING 695524 42 INTEREST ON LOANS 522100 71688252 71688252 FEES, CHARGES, &OTHER 522100 26304124 26304124 FINANCE & INSURANCE 520000 332251 332251 PROFESSIONAL, SCIENTIFIC, AND TEC 540000 311719 311719 98636346 20288627 20288627 543256 0 543256 543256 543256 306251 307375 -1124 -1124 -1124 119467105 118823135 643970 0 X 299637 2018454 21871512 -1930616 3976114 1711465 41597 178522 1756138 2082056 1894322 1468701 1561385 200647 641315 48896313 23332 3667291 PROVISION FOR LOAN LOSS 7705305 DEBIT CARD SERVICES 5702570 MAINTENANCE 2354837 MISCELLANEOUS 1619448 5230948 112971293 13608096 12123368 104043192 153446675 20854168 26527363 21532463 21841103 1537547231 1442065224 44750663 55846981 108024793 37388241 59476506 70636552 187659439 172090195 1315360 982013 32566879 33204442 2023353997 1988763916 24900542 17986663 290000000 199500000 1545754505 1594267729 1860655047 1811754392 X 0 0 0 0 162698950 177009524 162698950 177009524 2023353997 1988763916 X 6495812 -435434 8250196 X X 0 1 X 1 0 0 0 27223249 27223249 51382295 13767900 37614395 29419249 23620341 5798908 70636552 COLLATERALIZED MORTGAGE OBLIGATIONS 19711829 F CORPORATE BONDS 24078524 F FEDERAL AGENCY SECURITIES 3925620 F MORTGAGE-BACKED SECURITIES 79321437 F FHLB 17275000 C CERTIFICATES OF DEPOSIT 2695000 C PSCU INVESTMENT 74640 C CU COOP SYSTEMS STOCK INVESTMENT 20000 C SBA SECURITIES 24988145 F 172090195 SHARES 465603887 SHARE DRAFTS 487453409 MONEY MARKET 66100874 IRA SHARES 16406040 SHARE AND IRA CD 558703519 1594267729 X 119467105 0 119467105 0 119467105 112971293 0 112971293 0 112971293 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL OR STATE INCOME TAXES. THE CUSOS ARE ORGANIZED AS LIMITED LIABILITY COMPANIES AND FILE A CONSOLIDATED RETURN WITH THE CREDIT UNION. THEREFORE, THE CUSOS ARE NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION IS A TAX-EXEMPT ENTITY UNDER INTERNAL REVENUE CODE 501(C)(14), BUT MAY BE SUBJECT TO TAXATION ON INCOME UNRELATED TO THE CREDIT UNION'S EXEMPT FUNCTION. STATE CHARTERED CREDIT UNIONS PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT TAXING AUTHORITIES CONSIDER UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS NOT GENERATED TAXABLE INCOME FROM ITS UNRELATED BUSINESS ACTIVITIES DURING 2024. 1 TEXAS TRUST GIVES 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 842932264 501(C)(3) 299637 0 TO CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL WELLBEING OF THE COMMUNITY. 1 0 PART I, LINE 2: THIS IS A CHARITABLE CONTRIBUTION, NOT A GRANT. HOWEVER, AS THE SPONSOR OF THE FOUNDATION, TEXAS TRUST CREDIT UNION MONITORS THE CHARITABLE DONATIONS BY THE FOUNDATION TO ENSURE THEY ALIGN WITH THE FOUNDATION'S EXEMPT PURPOSE AND GIVING INITIATIVES. X 1 1 X X X X 0 1 0 JAMES MINGE CEO 731366 0 0 0 0 0 45049 0 24141 0 800556 0 0 0 WILLIAM KELSEY PRESIDENT 441576 0 0 0 13000 0 48185 0 25521 0 528282 0 0 0 RONNIE SMITH JR CGO 281843 0 0 0 9100 0 46857 0 12217 0 350017 0 0 0 PEGGY ESPARZA CFO 287716 0 0 0 9750 0 31116 0 11017 0 339599 0 0 0 WHITNEY MCLEOD SVP LENDING 256265 0 0 0 1625 0 20313 0 19005 0 297208 0 0 0 LEANN SANTIAGO SVP DIGITAL EXPERIENCE 235019 0 0 0 1625 0 38244 0 17968 0 292856 0 0 0 FRED TRUSTY SVP MARKETING & DATA ANALYTICS 226894 0 0 0 0 0 0 0 32981 0 259875 0 0 0 ROBERT A UNDERWOOD SVP IT OPERATIONS 183039 0 0 0 0 0 11419 0 23140 0 217598 0 0 0 ALAN BARBEE SVP PLANNING & FACILITIES 166540 0 0 0 8450 0 1705 0 25746 0 202441 0 0 0 PART I, LINE 4B THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO JAMES MINGE, WILLIAM KELSEY, PEGGY ESPARZA AND RONNIE SMITH JR. THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. PEGY ESPARZA EMPLOYEE TO FUND LIFE INSURANCE X 2100000 2100000 0 1 1 JAMES MINGE EMPLOYEE TO FUND LIFE INSURANCE X 10000000 10000000 0 1 1 JAMES MINGE EMPLOYEE TO FUND LIFE INSURANCE X 3000000 3939972 0 1 1 KATHRYN MCELROY FORMER EMPLOYEE TO FUND LIFE INSURANCE X 360000 360000 0 1 1 PAMELA STEPHENS FORMER EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1042659 0 1 1 RONNIE SMITH EMPLOYEE TO FUND LIFE INSURANCE X 2120000 2650000 0 1 1 VINCENT HEIMANN FORMER EMPLOYEE TO FUND LIFE INSURANCE X 445778 445778 0 1 1 WILLIAM K KELSEY EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1302694 0 1 1 21841103 SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART III, LINE 2 1. PARTNERSHIP WITH ZEST AI TO AUTOMATE CONSUMER DIRECT LOANS. 2. WITCHCLUTCH DIGITAL ACCOUNT OPENING WITH ALLOW (AN EASIER AND FASTER WAY FOR MEMBERS TO OPEN THEIR ACCOUNTS ONLINE WITH ALLOW, WHICH IS A FRAUD VERIFICATION TOOL FOR ACCOUNT OPENING). 3. IMPLEMENTATION OF ZELLE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A COOPERATIVE OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS VOTED ON BY THE ORGANIZATION'S MEMBERS AND ELECTED OR REAFFIRMED AT THE ANNUAL MEETING. 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 PRIOR TO FILING, THE ORGANIZATION'S FORM 990, IT IS REVIEWED BY THE SENIOR VP OF RISK MANAGEMENT, VP OF ACCOUNTING AND MEMBERS OF EXECUTIVE MANAGEMENT, INCLUDING THE CEO. FORM 990, PART VI, SECTION B, LINE 12C DURING NEW EMPLOYEE ORIENTATION, EACH EMPLOYEE IS SHOWN WHERE TO ACCESS POLICIES. THE PROFESSIONAL CONDUCT POLICY, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY, IS READ IN FULL BY THE EMPLOYEE, ALONG WITH SEVERAL OTHER POLICIES WHICH ARE REVIEWED AND DISCUSSED WITH THE EMPLOYEE(S). EACH EMPLOYEE SIGNS A STATEMENT INDICATING THEY HAVE READ THE POLICY MANUAL, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY. THIS SIGNED STATEMENT IS MAINTAINED IN THE EMPLOYEE'S PERSONAL FILE IN HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE HR DEPARTMENT USES A COMPENSATION SYSTEM THAT REVIEWS MARKET ANALYSIS FOR JOB ROLES AND THEIR PAY GRADES. THE SYSTEM UPDATES THE PAY GRADES ANNUALLY TO COINCIDE WITH ANY MARKET CHANGES. THE HR DEPARTMENT REVIEWS THE MARKET PAY ADJUSTMENTS PROVIDED BY THE SYSTEM ANNUALLY. THE CEO AND OTHER SENIOR LEADERS REVIEW AND SIGN OFF ON APPRAISALS AND CORRESPONDING COMPENSATION ADJUSTMENTS. THE BOARD REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND THE CHAIRMAN OF THE BOARD COMMUNICATES THE RESULTS AND ANY COMPENSATION ADJUSTMENT TO THE CEO AND THE LEADER OF HR. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS ARE INFORMED VIA THE ORGANIZATION'S WEBSITE THAT THE DOCUMENTS ARE MAINTAINED AND AVAILABLE TO THE PUBLIC IN THE EXECUTIVE MANAGEMENT OFFICES. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 1,756,138. FORM 990, PART IX, LINE 24E UTILITIES 1,466,329. LOAN SERVICING 1,383,206. DEBIT CARD FRAUD 1,281,881. BANK SERVICE CHARGES 527,774. ACCESS SOFTEK 352,712. ASSOCIATION DUES/SUPERVISORY FEES 219,046. FORM 990, PART XI, LINE 9: NET CHANGE ON DEFINED BENEFIT PENSION PLAN 8,250,196. FORM 990, PART XII, LINE 2C WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HERITAGE F&I SERVICES LLC PO BOX 2260 MANSFIELD TX 750530630 200311717 INSURANCE AND DATA PROGRAMMING SALES TX 2972 TEXAS TRUST CREDIT UNION TEXAS TRUST INSURANCE SERVICES 425 W JEFFERSON BLVD GRAND PRAIRIE TX 75051 752959328 INSURANCE SERVICES TX 2154062 14341155 HERITAGE F&I SERVICES LLC TRUST DATA SOLUTIONS PO BOX 2260 MANSFIELD TX 750530630 203003625 DATA SOLUTIONS TX 311719 1239540 HERITAGE F&I SERVICES LLC TEXAS TRUST GIVES 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 842932264 CHARITABLE FOUNDATION TX 501(C)(3) LINE 7 TEXAS TRUST CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 TEXAS TRUST GIVES B 299637 ACTUAL CONTRIBUTION TEXAS TRUST GIVES O 89863 ESTIMATED FORM 990, SCH R, PART I OF THE $2,465,781 IN TOTAL REVENUE REPORTED BY TEXAS TRUST INSURANCE SERVICES, LLC AND TRUST DATA SOLUTIONS, LLC COMBINED, $2,184,872 WAS ELIMINATED AS INTERCOMPANY. THEREFORE, NET REVENUE FROM THE ENTITIES INCLUDED IN PART VIII WAS $280,909