2017-08-24T10:18:58-05:00 2016-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2016-01-01 741109927 COMMUNITY RESOURCE CREDIT UNION COMM 2814223611 2900 DECKER DRIVE BAYTOWN TX 77520 DEENA SMITH SVP/CFO 2814203703 2017-08-19 1 DOUGLAS J ORTH P01076394 3052328272 40.141.134.7 2017-08-19 21:35:15 ED P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 062293E64DF58CF8D35332F263D6456F83B37FCF 2016 2021-01-29 14:40:06Z DAVID FRAZIER 2900 DECKER DRIVE BAYTOWN TX 77520 29084119 0 2742 X WWW.CRCU.COM X 1935 TX TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING THROUGH A LIFETIME PARTNERSHIP BY PROVIDING EXCEPTIONAL SERVICE & QUALITY PRODUCTS. WE ARE A CREDIT UNION THAT PROVIDES MEMBER SERVICE FOR LOANS AND SHARES. 9 9 190 10 0 0 0 0 25194894 27658751 591485 589579 0 0 25786379 28248330 0 0 0 0 8853371 10086544 0 0 0 13596378 15855260 22449749 25941804 3336630 2306526 380061947 421898239 345708440 386421838 34353507 35476401 TO HELP OUR MEMBERS ACHIEVE FINANCIAL WELL-BEING, THROUGH A LIFETIME PARTNERSHIP BY PROVIDING EXCEPTIONAL SERVICE AND QUALITY PRODUCTS. 0 0 SHARE ACCOUNTS: COMMUNITY RESOURCE CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 38,990 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2016. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS MONTHLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATMS WORLDWIDE. CHECKING ACCOUNTS: COMMUNITY RESOURCE CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARD AND INTERNET ACCOUNT ACCESS. MEMBER LOANS: COMMUNITY RESOURCE CREDIT UNION PROVIDES VEHICLE LOANS AND MORTGAGES. WE ALSO OFFER EXCEPTIONAL INTEREST RATES ON LOANS FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 12477 0 1 190 1 0 0 0 0 0 0 X 9 9 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X DEENA SMITH 2814203718 2900 DECKER DRIVE BAYTOWN TX 77520 WAYNE GRAY V. CHAIRPERSON 1.00 X 0 0 0 TRUDY MASTERS TREASURER 1.00 X 0 0 0 THOMAS COUGHLEN BOD MEMBER 1.00 X 0 0 0 JONNA CAGEL-PAGE BOD MEMBER 1.00 X 0 0 0 DICK DAWSON BOD MEMBER 1.00 X 0 0 0 RUBEN DEHOYOS BOD MEMBER 1.00 X 0 0 0 RANDALL SANDERS CHAIRPERSON 1.00 X 0 0 0 CONNIE A TILTON BOD MEMBER 1.00 X 0 0 0 DAVID MOHLMAN BOD MEMBER 1.00 X 0 0 0 D FRAZIER PRESIDENT/CEO 40.00 X 360886 0 50803 R BALLARD EXECUTIVE VP 40.00 X 170383 0 48786 D SMITH SVP/CFO 40.00 X 142791 0 15170 S BOYLAN COO/SVP LENDING 40.00 X 138315 0 35960 T HUDSON VP INFORMATION TECHNOLOGY 40.00 X 135640 0 24423 M GLASSCO SR. SYSTEMS ENGINEER 40.00 X 116050 0 30342 A RATHBONE VP OF BUSINESS LENDING 40.00 X 113761 0 24837 B FISHER VP RETAIL DELIVERY 40.00 X 124920 0 8221 1302746 0 238542 10 0 1 0 NEWGROUND RESOURCES INC 62804 COLLECTION CENTER DR CHICAGO IL 60693 ARCHITECT & BLDG CONTRACTOR 2779488 VANTIV LLC 8500 GOVERNORS HILL DR SYMMES TOWNSHIP OH 45249 DEBIT/CREDIT CARD PROCESSOR 941159 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 90051 HOME BANKING 850932 MCPC INC PO BOX 643283 PITTSBURGH PA 15264 COMPUTER EQUIPMENT 642652 JACK HENRY & ASSOCIATES INC 13755 HUTTONPO BOX 609 MONETT MO 65708 CORE PROCESSOR 317255 23 INTEREST ON LOANS 522100 16355540 16355540 FEES/OTHER CHARGES 522100 11303211 11303211 27658751 461993 461993 963375 835789 127586 127586 127586 28248330 28248330 0 0 X 788819 788819 7307140 7307140 582201 582201 870694 870694 537690 537690 107343 107343 30496 30496 1388136 1388136 796951 796951 1059536 1059536 330343 330343 652573 652573 45288 45288 168818 168818 1754048 1754048 56868 56868 1261145 1261145 135061 135061 PROVISION FOR LOAN LOSS 2380009 2380009 DEBIT CARD SERVICES AND 1708042 1708042 HOME BANKING/MOBILE/BIL 797908 797908 REWARD CHECKING 659400 659400 2523295 2523295 25941804 25941804 0 0 7738559 6418104 14103854 6201356 1814915 1466666 0 867821 309864622 360170233 5459767 4595526 38975499 16743814 18094715 22231685 18006924 13091455 224200 665100 4754391 6190293 380061947 421898239 3317519 5326439 342390921 381095399 345708440 386421838 X 0 0 0 0 34353507 35476401 34353507 35476401 380061947 421898239 2306526 -1183632 0 X X 0 1 X 1 0 4232182 4232182 17799268 5396373 12402895 16944049 11347441 5596608 22231685 REGULAR SHARES 240096649 MONEY MARKET SHARES 19937678 SHARE DRAFT 39624507 IRA SHARES 16040162 IRA CD SHARES 10564686 CERTIFICATES OF DEPOSIT 54583717 NONMEMBER CERTIFICATES OF DEPOSIT 248000 381095399 X 28248330 0 28248330 0 28248330 25941804 0 25941804 0 25941804 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS (TAMS) TO SPECIFIC STATE-CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. MANAGEMENT HAS ASSESSED THE CREDIT UNION'S ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED THAT THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE 2015, 2014, AND 2013 FEDERAL INCOME TAX RETURNS ARE OPEN FOR EXAMINATION BY THE IRS. THE FILING YEARS OPEN FOR EXAMINATION BY THE STATE, IF APPLICABLE, MAY BE EQUAL TO, GREATER THAN OR LESS THAN THE YEARS OPEN FOR EXAMINATION BY THE IRS. X 1 1 X X X 0 0 0 D FRAZIER PRESIDENT/CEO 258900 0 100742 0 1244 0 43412 0 7391 0 411689 0 0 0 R BALLARD EXECUTIVE VP 157303 0 10863 0 2217 0 41966 0 6820 0 219169 0 0 0 D SMITH SVP/CFO 136824 0 5571 0 396 0 14295 0 875 0 157961 0 0 0 S BOYLAN COO/SVP LENDING 129584 0 8063 0 668 0 21135 0 14825 0 174275 0 0 0 T HUDSON VP INFORMATION TECHNOLOGY 132250 0 2967 0 423 0 18738 0 5685 0 160063 0 0 0 DAVID FRAZIER EMPLOYEE TO FUND DEFERRED COMPENSATION PLAN X 250000 503864 0 1 1 RUSSELL BALLARD EMPLOYEE TO FUND DEFERRED COMPENSATION PLAN X 237000 238957 0 1 1 DEENA SMITH EMPLOYEE TO FUND DEFERRED COMPENSATION PLAN X 125000 125000 0 1 1 867821 FORM 990, PART VI, SECTION A, LINE 4 COMMUNITY RESOURCE CREDIT UNION ADDED CHAMBER'S COUNTY TO OUR FIELD OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY RESOURCE CREDIT UNION IS A STATE CHARTERED CREDIT UNION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS THE GOVERNING BODY AND IS ELECTED ANNUALLY BY THE COMMUNITY RESOURCE CREDIT UNION MEMBERS. 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 FORM 990 IS REVIEWED BY THE CEO AND THE CFO, WHO IS A CERTIFIED PUBLIC ACCOUNTANT. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C WHEN EMPLOYEES ARE HIRED, THEY MUST ACKNOWLEDGE THEY HAVE READ EMPLOYEE POLICIES. THEY MUST SIGN AGAIN IF ANY CHANGES ARE MADE TO THE POLICIES. COMMUNITY RESOURCE CREDIT UNION OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE DIRECTED TO DISCLOSE TO THEIR DEPARTMENT HEAD AND THE HUMAN RESOURCES DEPARTMENT IF ANOTHER INTEREST COULD GIVE RISE TO CONFLICTS IN REGARDS TO OUR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 CEO AND EXECUTIVE SALARIES ARE APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 OUR CONFLICT OF INTEREST POLICY IS CONTAINED IN THE EMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. OUR FINANCIAL STATEMENTS ARE DISPLAYED IN THE LOBBY OF EACH OF OUR BRANCHES. FORM 990, PART IX, LINE 24E REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 596,738. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 596,738. VISA MASTERCARD FEES: PROGRAM SERVICE EXPENSES 502,316. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 502,316. LOAN SERVICING: PROGRAM SERVICE EXPENSES 399,890. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 399,890. FRAUD LOSSES: PROGRAM SERVICE EXPENSES 340,502. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,502. ATM FEES/CHARGES/OTHER: PROGRAM SERVICE EXPENSES 276,129. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276,129. OTHER: PROGRAM SERVICE EXPENSES 266,451. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 266,451. BANK SERVICE CHARGES: PROGRAM SERVICE EXPENSES 75,615. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,615. CLUB ORGANIZATION DUES: PROGRAM SERVICE EXPENSES 39,522. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,522. PRINTING AND PUBLICATIONS: PROGRAM SERVICE EXPENSES 26,132. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,132. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CRCU INSURANCE COMPANY 2900 DECKER DRIVE BAYTOWN TX 77520 811808537 INSURANCE SERVICES TX 0 153897