2018-11-08T13:40:51-06:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 750830371 NORTH EAST TEXAS CREDIT UNION NORT 9036562576 1115 LONE STAR BLVD LONE STAR TX 75668 KAY STEWART PRESIDENT/CEO 9036562576 2018-11-07 1 GERALD B KISSELL P00092658 6123324300 108.171.131.189 2018-11-07 09:51:48 CS P 1BA616B2407D6986412C1913A36997CFB080A804 C0F43978DBA0C0105C9EC865D2B1B55C6AA9D490 2017 2019-02-21 02:37:17Z KAY STEWART 1115 LONE STAR BLVD LONE STAR TX 75668 9980704 0 X WWW.THENETCU.COM X 1948 TX TO INCREASE OUR MEMBERS' FINANCIAL WELL BEING AND TO INCREASE OUR MEMBERS' STANDARD OF LIVING 5 5 64 6 175893 -40662 0 0 7028030 7254572 808074 835268 23559 94818 7859663 8184658 7000 6000 501307 465585 3403244 3248271 0 0 0 3393680 3965636 7305231 7685492 554432 499166 143730806 146971091 127692038 130548817 16038768 16422274 X FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 0 0 NETCU OFFERS A VARIETY OF SAVINGS ACCOUNTS IN ORDER TO BEST SERVE OUR MEMBERS. OUR MEMBER SHARE ACCOUNTS PAY REGULAR MONTHLY DIVIDENDS ON BALANCES OF $100 OR MORE. DIVIDEND RATES INCREASE AS BALANCES INCREASE. WE ALSO HAVE SPECIAL ACCOUNTS AVAILABLE FOR CHILDREN AND YOUTH OFFERING SPECIAL BENEFITS TO HELP YOUNG PEOPLE LEARN TO SAVE AND MANAGE MONEY. SHARE CERTIFICATES ARE ACCOUNTS THAT PROVIDE HIGHER RATES TO MEMBERS WITH LARGER SUMS TO PUT INTO SAVINGS OVER A FIXED PERIOD OF TIME. NETCU ALSO OFFERS A VARIETY OF IRA'S INCLUDING ROTH AND TRADITIONAL. NETCU ENDED 2017 WITH TOTAL SHARE BALANCES OF $130,336,603. NORTH EAST TEXAS CREDIT UNION HAS ALWAYS OFFERED LOANS AT COMPETITIVE OR LOWER RATES THAN OTHER FINANCIAL INSTITUTIONS. NETCU IS ABLE TO SERVE ITS ENTIRE MEMBERSHIP WITH OUR RISK-BASED LENDING PROGRAM. CONSUMER LOAN OFFERINGS INCLUDE BUT ARE NOT LIMITED TO AUTO LOANS, BEREAVEMENT, TAX REFUND, COMPUTER, FURNITURE, AND AGRICULTURAL LOANS. NETCU ALSO MAINTAINS A PORTFOLIO OF CONSUMER REAL ESTATE LOANS. FIXED RATE AND BALLOON LOANS FOR PURCHASE, HOME IMPROVEMENT, HOME EQUITY, AND CONSTRUCTION ARE AVAILABLE. NETCU ENDED 12/31/2017 WITH 5,437 LOANS TOTALING $78,687,385. 2,623 OF THESE LOANS TOTALING $34,902,663 WERE FUNDED IN 2017. NETCU CONTINUOUSLY RESEARCHES AND INVEST IN NEW TECHNOLOGY TO BETTER SERVE ITS MEMBERS. NET TELLER INTERNET BANKING OFFERS ONLINE ACCOUNT HISTORY INQUIRIES, STATEMENT RETRIEVAL, CURRENT TRANSACTION HISTORY, ON-LINE TRANSFERS, LOAN PAYMENTS, AND STOP PAYMENTS. TEXT BANKING ALLOWS MEMBERS TO CHECK THEIR FINANCIAL STATUS EVEN IF THEY DON'T HAVE A SMART PHONE OR WEB ENABLED DEVICE. MOBILE DEPOSIT ALLOWS FOR THE DEPOSIT OF CHECKS THROUGH IMAGE. ON-LINE BILL PAYMENT ALLOWS YOU TO PAY BILLS ELECTRONICALLY. THE ONLINE BILL PAYMENT CENTER RECEIVED AN UPGRADE IN 2017. WITH THIS UPGRADE, MEMBERS CAN NOW DO PERSON TO PERSON PAYMENTS. CHECK IMAGES AND E-STATEMENTS ARE AVAILABLE ON-LINE TO MEMBERS. OUR AUDIO RESPONSE SYSTEM IS A TELEPHONE SERVICE THAT ALLOWS MEMBERS ACCESS TO THEIR CU ACCOUNT FROM ANYWHERE. WE ALSO ARE EQUIPPED TO OPEN NEW ACCOUNTS AND APPLY FOR LOANS THROUGH AN ON-LINE PLATFORM. NETCU UTILIZES MEMBER ALERTS WHICH ARE ALERTS SENT VIA TEXT AND EMAIL ALLOWING NETCU TO KEEP MEMBERS UP TO DATE ON DATA BREACHES, WEATHER RELATED CLOSINGS, OR OTHER EMERGENCY INFORMATION. MOBILE WALLET TECHNOLOGY ALLOWS MEMBERS THE ABILITY TO COMPLETE TRANSACTIONS WITH THEIR SMARTPHONES. THE CREDIT UNION ALSO OFFERS THE FOLLOWING SERVICES - OVERDRAFT PROTECTION, COURTESY PAY, DEBIT CARDS, CREDIT CARDS, ATM NETWORK, DIRECT DEPOSIT, SAFE DEPOSIT BOXES, MONEY TRANSFER SERVICES, BUSINESS CHECKING, MEMBER BUSINESS LENDING, AND LOAN INSURANCE PROTECTION PRODUCTS. 0 0 1 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3575 0 1 64 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KAY STEWART 9036562576 1115 LONE STAR BLVD LONE STAR TX 75668 MARK ALLEN CHAIR 1.00 X X 0 0 0 EARL ALEXANDER VICE CHAIR 1.00 X X 0 0 0 JOE BROWN SECRETARY/TREASURER 1.00 X X 0 0 0 WILLIAM GLOVER DIRECTOR 1.00 X 0 0 0 ROY HENRY DIRECTOR 1.00 X 0 0 0 KAY STEWART PRESIDENT/CEO 40.00 X 200177 0 14966 KEITHA NILSSON EXECUTIVE VP 40.00 X 130095 0 16714 330272 0 31680 2 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 COMPUTER PROCESSING 558433 WINDSTREAM PO BOX 9001908 LOUISVILLE KY 40290 TELEPHONE/DATA COMMUNICATION LINES 230955 2 LOAN INTEREST INCOME 522100 4154180 4154180 FEE INCOME 522100 2194052 2194052 OTHER INCOME 522100 906340 730447 175893 7254572 903426 903426 1640066 87822 1636000 160046 4066 -72224 -68158 -68158 OTHER NONOPERATING INCOME 900099 78887 78887 INCOME FROM ADVANCE PREMIUM ACCT 900099 15931 15931 94818 8184658 7157566 175893 851199 X 6000 465585 362352 2251761 73849 358768 201541 26071 84491 1500449 81814 726603 223126 60633 430710 47897 PROVISION FOR LOAN/OD L 528852 DEBIT CARD LOSSES 43293 SUPERVISION FEES 21649 CAMPAIGN CONTRIBUTION 3000 187048 7685492 4038675 4073811 6612493 10948942 79701231 77909472 9195108 4155973 5248816 5039135 26421251 29017145 20894596 19110678 813744 871908 143730806 146971091 376624 212214 12265072 11756706 115050342 118579897 127692038 130548817 X 0 0 0 0 16038768 16422274 16038768 16422274 143730806 146971091 499166 -115660 0 X 0 1 X 1 0 3000 3000 3000 1 TEXAS CREDIT UNION ASSOCIATION LEGISLATIVE ACTION FUND 6801 PARKWOOD BLVD SUITE 300 PLANO TX 75024 3000 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTED TO THE TEXAS CREDIT UNION ASSOCIATION LEGISLATIVE ACTION FUND TO SUPPORT CONSTITUTIONAL AMENDMENT BALLOT MEASURES. 0 1 X 1181990 1181990 4797951 1582500 3215451 614155 507698 106457 2245477 1863658 381819 355535 202117 153418 5039135 BANK CERTIFICATES 10941849 F NCUSIF CAPITAL DEPOSIT 1220572 F CORP AMERICA SHARE ACCOUNT 5 F CUNA MUTUAL SPLIT DOLLAR LIFE INS 3685028 F EXECUTIVE BENEFIT COLI PREFUNDING INV 3263224 F 19110678 MEMBERS' SHARES 118579897 118579897 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN CUSTOMERS. THE CREDIT UNION ALSO SERVES AS CUSTODIAN FOR ASSETS. 1 SECONDARY EDUCATION SCHOLARSHIPS 6 6000 PART I, LINE 2: NETCU REQUIRES ALL SCHOLARSHIP APPLICANTS TO SUBMIT AN APPLICATION AND COMPLETE AN ESSAY ABOUT A FINANCIAL EDUCATION BASED TOPIC. THE APPLICATIONS AND ESSAYS ARE GRADED BLINDLY AND SEPARATELY BY MULTIPLE JUDGES. A POINT SYSTEM IS ASSIGNED TO RATE THE APPLICANT'S SUBMISSIONS. GRANT FUNDS ARE REMITTED TO THE SCHOOL OF THE APPLICANT UPON PROOF OF ENROLLMENT. X X X 0 0 0 KAY STEWART PRESIDENT/CEO 184010 0 13031 0 3136 0 8598 0 6594 0 215369 0 0 0 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 SENIOR MANAGEMENT REVIEWS FORM 990. A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THIS INFORMATION IS ADDRESSED IN OUR EMPLOYEE HANDBOOK. ALL NEW EMPLOYEES ATTEND A NEW HIRE ORIENTATION WHERE THIS MATERIAL IS COVERED. THE EMPLOYEE HANDBOOK IS UPDATED AND REVIEWED WITH ALL EMPLOYEES AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES THE COMPEASE PERFORMANCE EVALUATING SYSTEM. THIS SYSTEM COMPARES EMPLOYEE SALARIES TO OTHER CREDIT UNIONS AND BANKS' AVERAGE SALARIES FOR COMPARABLE POSITIONS DETERMINED BY OUR GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO ALL MEMBERS UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NOTICE OF THIS IS POSTED ON THE CREDIT UNION WEBSITE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE FOYERS OF ALL BRANCH LOCATIONS. FORM 990, PART IX, LINE 11G MISC PROFESSIONAL EXPENSES 275,100. DEBIT CARD/ATM PROCESSING 468,906. JACK HENRY/PROCESSING SERVICES 558,433. MEMBER SHARE DRAFT SERVICES 198,010. NET FINANCIAL SERVICE CENTER 1115 LONE STAR BLVD STE A LONE STAR TX 75668 800967286 MEMBER BUSINESS LOANS TX -10330 3359350 NORTH EAST TEXAS CREDIT UNION