2017-09-05T18:06:38-05:00 2016-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2016-01-01 750224670 NEIGHBORHOOD CREDIT UNION NEIG 2147489393 PO BOX 803476 DALLAS TX 75380 JAMES FRANKEBERGER CFO 2147489393 2017-08-21 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2017-08-21 16:21:28 PD P F53CDBC3F18316389D6CFA617EE7B9AF17900040 AAA51A721A1433521015D48D976EB051C184777B 2016 2021-01-29 14:40:06Z CHET KIMMELL PO BOX 803476 DALLAS TX 75380 39622240 0 X WWW.MYNCU.COM X CREDIT UNION 1930 TX A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 256 11 1079821 -344645 0 0 27247486 36250787 1436888 1993315 482699 0 29167073 38244102 1750 1750 0 0 9225121 12654733 0 0 0 14880812 19880729 24107683 32537212 5059390 5706890 392764413 596163544 354927095 532368083 37837318 63795461 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, NEIGHBORHOOD CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF LOANS INCLUDING AUTO, MORTGAGES, CREDIT CARD, AND UNSECURED AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES A VARIETY OF SAVINGS ACCOUNTS INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS, CERTIFICATES AND INVESTMENTS AT COMPETITIVE RATES FOR OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. NEIGHBORHOOD CREDIT UNION PROVIDES INVESTMENT OPPORTUNITIES AND PLANNING TO OUR MEMBERSHIP, THEREBY, ASSISTING THEM IN MANAGING THEIR FINANCIAL HEALTH AND GROWTH IN THE FUTURE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 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 1 13171 0 1 256 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X JAMES FRANKEBERGER CFO 2147489393 PO BOX 803476 DALLAS TX 75380 DWAYNE BOOZER CHAIRPERSON 3.00 X 0 0 0 JOHN LOGAN VICE CHAIRPERSON 3.00 X 0 0 0 DWAIN WOODARD SECRETARY/TREASURER 3.00 X 0 0 0 JIMMY SLAYTON BOARD MEMBER 3.00 X 0 0 0 MAE CAROLYN MATHIS BOARD MEMBER 3.00 X 0 0 0 CLARISSA SALAS BOARD MEMBER 3.00 X 0 0 0 GERALD TOWNSEND BOARD MEMBER 3.00 X 0 0 0 ARTHUR YOUNG BOARD MEMBER 3.00 X 0 0 0 RANDY TILL BOARD MEMBER 3.00 X 0 0 0 JAN FRUM BOARD MEMBER 3.00 X 0 0 0 RON TAYLOR BOARD MEMBER 3.00 X 0 0 0 CHESTER KIMMELL PRESIDENT/CEO 40.00 X 397700 0 24423 JAMES FRANKEBERGER CFO 40.00 X 201497 0 18907 JOEL MATTHEW RISENHOOVER VICE PRESIDENT 40.00 X 247898 0 20761 JASON SCOTT PRESIDENT/CEO PEGASUS COMMUNITY CU 40.00 X 185995 0 1860 CAROLYN JORDAN SENIOR VP 40.00 X 182002 0 16507 JENNIFER HARRISON SENIOR VP 40.00 X 147562 0 13778 MICHAEL ROARK SENIOR VP 40.00 X 146895 0 15765 1509549 0 112001 15 0 1 0 JACK HENRY AND ASSOCIATES PO BOX 609 MONETT MO 65708 CORE SOFTWARE SYSTEMS 657491 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 90051 HOME BANKING 586295 KASASA LTD 4516 SETON CENTER PKWY STE 300 AUSTIN TX 78759 FINANCIAL MARKETING SERVICES 444125 LANVERA LTD 112 WRANGLER DR 150 COPPELL TX 75019 DELIVERY SERVICES 272232 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 ONLINE BANKING 241069 18 INTEREST ON LOANS 522100 20355361 20355361 FEE INCOME 522100 13477636 12397815 1079821 OTHER OPERATING INCOME 522100 2417790 2417790 36250787 1886187 1886187 136757 1348509 72499 1305639 64258 42870 107128 107128 38244102 37164281 1079821 0 1750 1338219 8875112 457266 1192224 791912 17853 49998 384398 971896 2774833 2063679 2369343 579744 3797314 1504168 PROVISION FOR LOAN AND 3437909 MISC OPERATING EXPENSES 1374247 LOAN SERVICING EXPENSE 505440 OPERATING FEES 49907 32537212 3832154 3419837 24525525 40758652 1269198 1179207 1585118 29024463 10199564 16259323 18824899 28507518 42537896 315593716 484820667 0 215863 2866970 2731414 392764413 596163544 7413453 10157831 347513642 522210252 354927095 532368083 X 0 0 0 0 37837318 63795461 37837318 63795461 392764413 596163544 X 5706890 -72207 20323460 X X 0 1 X 1 0 4884737 4884737 14170519 4808038 9362481 1393317 754619 638698 8575890 4636907 3938983 18824899 DEPOSITS IN COMMERCIAL BANKS 40779000 C INVESTMENTS IN NATURAL PERSON CUS 4228000 C ALL OTHER INVESTMENTS 5410092 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 5011838 C LOANS AND LEASES 429391737 F 484820667 MEMBER DEPOSITS 522157828 ACCRUED DIVIDENDS AND INTEREST PAYABLE 52424 522210252 X X 1 1 X X X 1 1 0 CHESTER KIMMELL PRESIDENT/CEO 333563 0 64137 0 0 0 16164 0 8259 0 422123 0 0 0 JAMES FRANKEBERGER CFO 169505 0 31992 0 0 0 10941 0 7966 0 220404 0 0 0 JOEL MATTHEW RISENHOOVER VICE PRESIDENT 43063 0 204835 0 0 0 12787 0 7974 0 268659 0 0 0 JASON SCOTT PRESIDENT/CEO PEGASUS COMMUNITY CU 8495 0 0 0 177500 0 273 0 1587 0 187855 0 0 0 CAROLYN JORDAN SENIOR VP 154310 0 27692 0 0 0 9144 0 7363 0 198509 0 0 0 JENNIFER HARRISON SENIOR VP 116081 0 31481 0 0 0 5798 0 7980 0 161340 0 0 0 MICHAEL ROARK SENIOR VP 122659 0 24236 0 0 0 7783 0 7982 0 162660 0 0 0 PART I, LINE 1A THE CREDIT UNION PAYS FOR ANNUAL COUNTRY CLUB MEMBERSHIP FOR THE CEO FOR BUSINESS DEVELOPMENT PURPOSES. PART I, LINES 4A-B THE CREDIT UNION HAS ENTERED INTO A SPLIT DOLLAR INSURANCE AGREEMENT ("SD AGREEMENT"), EFFECTIVE JANUARY 1, 2014, WITH SELECT MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM. THE SD AGREEMENTS ARE COLLATERAL ASSIGNMENT ARRANGEMENTS BETWEEN THE CREDIT UNION AND THE EXECUTIVES. THE SD AGREEMENTS INVOLVE A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVE BY SPLITTING THE ELEMENTS OF A LIFE INSURANCE POLICY. UNDER THE SD AGREEMENT, THE EXECUTIVE IS THE OWNER OF THE POLICY AND MAKES A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS PAID ON BEHALF OF THE EXECUTIVE FOR THE LIFE INSURANCE POLICY. AT THE EXECUTIVE'S DEATH, THE CREDIT UNION WILL BE PAID THE LOAN BALANCE IN FULL FROM THE PROCEEDS OF THE LIFE INSURANCE POLICY. ANY REMAINING LIFE INSURANCE PROCEEDS WILL BE PAID TO THE EXECUTIVE'S DESIGNATED BENEFICIARY. THE TOTAL LOAN BALANCE UNDER THIS AGREEMENT WAS APPROXIMATELY $1,260,000 AND $840,000 AS OF JUNE 30, 2016 AND 2015. THE CREDIT UNION PROVIDES SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS FOR THE FOLLOWING EXECUTIVES: CHESTER KIMMELL, JAMES FRANKEBERGER, AND CAROLYN JORDAN. THE CREDIT UNION PAID A SEVERANCE TO JASON SCOTT IN THE AMOUNT OF $177,500. JAMES FRANKEBERGER OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 120000 120876 0 1 1 CAROLYN JORDAN OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 240000 241752 0 1 1 CHESTER KIMMELL HIGHLY COMPENSATED EMPLOYEE FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 900000 906570 0 1 1 1269198 FORM 990, PART VI, SECTION A, LINE 4 NEIGHBORHOOD CREDIT UNION CHANGED ITS BYLAWS TO ADD 2 MEMBERS TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 NEIGHBORHOOD CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. NEIGHBORHOOD CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF NEIGHBORHOOD CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY OUR BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF THE MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE AUTHORITY TO REVIEW THE FORM 990 HAS BEEN DELEGATED TO MANAGEMENT BUT ALL SIGNIFICANT ISSUES, IF ANY, RELATED TO THE RETURN HAVE BEEN DISCLOSED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE POLICY IS REVIEWED ANNUALLY VIA INTERNAL AUDIT PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THIRD PARTY PROVIDER REVIEWS ALL JOB DESCRIPTIONS AND MAKES RECOMMENDATIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON FORMAL WRITTEN REQUEST NEIGHBORHOOD CREDIT UNION DISPLAYS FINANCIALS IN EACH BRANCH LOCATION AND FILES A QUARTERLY 5300 REPORT WITH NCUA THAT MAINTAINS PUBLIC ACCESS. FORM 990, PART XI, LINE 9: EQUITY ACQUIRED IN MERGER 20,323,460. FORM 990, PART XI, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS SELECTION PROCESS OR OVERSIGHT PROCESS DURING THE TAX YEAR. FORM 990, SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION NEIGHBORHOOD CREDIT UNION PO BOX 803476 DALLAS, TX 75380 TAXPAYER IDENTIFICATION NUMBER: 75-0224670 FOR THE YEAR ENDING DECEMBER 31, 2016. NEIGHBORHOOD CREDIT UNION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART XII, LINE 2C PEGASUS COMMUNITY CREDIT UNION MERGED INTO NEIGHBORHOOD CREDIT UNION EFFECTIVE FEBRUARY 1, 2016.