2018-05-08T10:53:16-07:00 2017-12-31 990 2017-01-01 751253045 LONE STAR CREDIT UNION LONE 2143279367 7508 Ferguson Rd Dallas TX 75228 Brian Harper CFO 2143279367 2018-04-19 2017 2022-09-23 18:48:47Z Jerry Clancy 7508 Ferguson Rd Dallas TX 75228 6215860 0 X lonestarcu.org X 1968 TX Provide financial services for members in our community charter field of membership 7 6 48 6 28558 -4124 0 0 6360303 5980692 244423 235168 0 0 6604726 6215860 0 0 0 0 2754255 2929463 0 0 0 3559476 3730977 6313731 6660440 290995 -444580 117256322 120785675 108703530 112678606 8552792 8107069 Provide financial services for members in our community charter field of membership. 0 0 Provide financial services for members including loans of all types, checking accounts, and share savings accounts 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 8 0 1 48 1 1 1 0 0 0 0 0 X 7 6 0 0 1 0 1 1 1 1 1 0 0 0 0 0 1 1 1 1 1 X Jerry Clancy 2143279367 7508 Ferguson Rd Dallas TX 75228 Jerry Clancy President, CEO, Director 40 4 X X X X 184382 0 31163 Wayne Price Chairman of the Board 1 0 X 0 0 0 Edward Reeve Vice Chairman of the Board 1.00 0 X 0 0 0 Marki Holmes Secretary of the Board 1 0 X 0 0 0 Graham Sweeney Director 1 0 X 0 0 0 Kimberly Marszalek Director 1 0 X 0 0 0 Ryan Holloway Director 1 0 X 0 0 0 Leighann Carson Chief Administrative Officer 50 0 X 117086 0 24626 Brian Harper Chief Financial Officer 50 1 X 120482 0 29509 Rebecca Reed Chief Operating Officer 50 5 X 138744 0 19436 560694 0 104734 6 0 1 0 Fiserv EFT PO Box 60000 San Francisco CA 94160 Debit/Credit card processing 488020 Corelation 2305 Historic Decatur Rd Ste 300 San Diego CA 92106 Core Financial Data System 202242 Pure IT Credit Union Services 17665 Telge Rd Cypress TX 77429 Network IT Architecture and Support 172742 Fiserv Datasafe 455 S Gulph Rd King of Prussia PA 19406 Core financial data system 119732 Alogent 2560 Anthem Village Dr Ste 200 Henderson NV 89052 Optical record storage and item processing 108432 5 0 loan interest 522130 4423034 4423034 0 0 fee income 522130 1557658 1529100 28558 0 0 0 0 0 5980692 235168 0 0 235168 0 0 0 0 0 0 0 0 0 0 0 0 0 6215860 5952134 28558 235168 560694 1790334 84783 315973 177679 11536 28465 157997 94581 811465 647316 288891 21923 56746 419159 223503 91918 Loan servicing expense 361071 Provision for Nonpaying Loans 463233 53173 6660440 0 0 0 1531406 1513175 14385033 10101586 257368 230354 91922327 100306538 682444 520693 5874670 2382618 3333066 3492052 2530714 2296622 31512 665926 2582452 1658729 117256322 120785675 1238041 677281 107465489 112001325 108703530 112678606 X 0 0 0 0 8552792 8107069 8552792 8107069 117256322 120785675 -444580 -1143 0 0 0 0 X 1 X 1 X 1 0 0 1 X 607132 0 607132 2873532 0 1316424 1557108 0 0 0 0 348862 0 295990 52872 2045144 0 770204 1274940 3492052 Schedule D, Part IV, Line 2b Schedule D, Part IV, Line 2b The credit union holds member share accounts such as savings, checking, certificate of deposit and IRA accounts on behalf of its members. 0 1 0 Jerry Clancy President, CEO, Director 184382 0 0 0 0 0 21250 0 31163 0 236795 0 0 0 Schedule J, Part I, Line 4 Schedule J, Part I, line 4 Section 457(f) deferred compensation plan Jerry Clancy Form 990, Part VI, Section A, Line 4 The credit union's bylaws were updated from the 1986 to 2004 version of the State of Texas Recommended Bylaws. Form 990, Part VI, Section A, Line 6 The credit union has 11,288 members Form 990, Part VI, Section A, Line 7a Members may nominate director candidates by presenting 1% of membership signatures in support of adding a candidate for board election at the next annual meeting. Form 990, Part VI, Section A, Line 7b Items requiring member approval are presented for consideration at the member annual meeting. Form 990, Part VI, Section B, Line 11b Information for the preparation of the 990 and 990-T is gathered by the CFO with input from other executive officers. Form 990, Part VI, Section B, Line 15 The board of directors reviews industry and geographic compensation data provided by an independent third party. This information includes salary range and average salary percentage increase from the previous year for the Chief Executive Officer. The Chief Administrative Officer provides a salary recommendation for the CEO. The Board deliberates on the recommendation in closed session with nonindependent director and staff not present. This was last performed in the first quarter of 2018. An annual performance evaluation is completed for all senior managers by the CEO. This was last performed in February 2018. The manager's final performance evaluation score and current compensation ratio within the industry and geographic salary range determine the percentage salary increase, if any. A salary increase matrix is annually approved in our budgeting process and is used to determine percent increases for all positions other than the Chief Executive Officer. Form 990, Part VI, Section C, Line 19 Governing documents are available by submitting written request to the Chief Executive Officer at the address indicated. We file quarterly financial disclosures with our federal regulator NCUA and these are available at their website.