2016-11-15T08:13:42-06:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 741539232 SPACE CITY CREDIT UNION SPAC 7132221244 3101 HARRISBURG BOULEVARD HOUSTON TX 77003 CRAIG ROHDEN CEO 7132221244 2016-11-11 1 GERALD B KISSELL P00092658 6123324300 2015 2017-02-10 21:41:12Z CRAIG ROHDEN 3101 HARRISBURG BOULEVARD HOUSTON TX 77003 4739142 0 X WWW.SPACECITYCU.COM X 1965 TX COOPERATIVE THRIFT INSTITUTION THAT PROVIDES BANKING AND LOAN SERVICES TO ITS MEMBERS. 12 11 43 26 36822 -49539 0 0 4584801 4711265 49992 27877 0 0 4634793 4739142 0 0 406794 391230 1458663 1671451 0 0 0 2154511 2175372 4019968 4238053 614825 501089 68665829 70927696 62774490 64535268 5891339 6392428 SPACE CITY CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION THAT PROVIDES BANKING AND LOAN SERVICES TO ITS MEMBERS. 0 0 SHARE ACCOUNTSSHARE ACCOUNTS ARE OFFERED TO MEMBERS AND PAY QUARTERLY DIVIDENDS. ACCESS IS OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S AND TELEPHONE. SPECIAL CHRISTMAS SAVINGS ACCOUNTS ARE OFFERED TO ENCOURAGE MEMBERS TO SAVE AND BUDGET FOR CHRISTMAS EXPENSES. AS OF 12/31/15, THE CREDIT UNION HAS 8,275 SHARE ACCOUNTS WITH A TOTAL OF $27,292,728. THE CREDIT UNION ALSO HAS SHARE CERTIFICATES OF $9,258,992 AND IRAS OF $3,572,425. CHECKING ACCOUNTSCHECKING ACCOUNTS ARE OFFERED TO MEMBERS AND GENERALLY PAY MONTHLY DIVIDENDS. ACCESS IS OFFERED THROUGH BRANCH LOCATIONS, INTERNET, ATM'S AND TELEPHONE. FREE DEBIT CARDS AND ONLINE BANKING FEATURES ARE PROVIDED. AS OF 12/31/15, THE CREDIT UNION HAS 3,555 CHECKING ACCOUNTS WITH A TOTAL OF $8,600,832. CONSUMER LOANSCONSUMER LOANS ARE OFFERED TO MEMBERS FOR AUTOS, RECREATIONAL VEHICLES, MOTORCYCLES AND REAL ESTATE. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON MANY OF THESE LOAN TYPES. AS OF 12/31/15, THE CREDIT UNION HAS 5,091 CONSUMER LOANS TOTALING $58,870,815 OUTSTANDING. 0 0 0 0 0 0 0 1 0 1 1 0 1 1 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 1464 0 1 43 1 1 1 0 0 0 0 0 X 12 11 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X SUSANNA GUAJARDO 2818461102 301 HARRISBURG BLVD HOUSTON TX 77003 CRAIG ROHDEN PRESIDENT/CEO 40.00 X X 178179 0 13191 BUCK M LAY BOARD CHAIR 1.00 X X 1450 0 0 STEPHEN A HINES BOARD VICE-CHAIR 1.00 X X 1350 0 0 JUDITH A LANGFORD SECRETARY 1.00 X X 1450 0 0 JERRY M GARCIA TREASURER 1.00 X X 1450 0 0 BUDDY C HOLCOMBE DIRECTOR 1.00 X 1350 0 0 JOHN L PATTON DIRECTOR 1.00 X 1250 0 0 ROBERT SANDER DIRECTOR 1.00 X 1350 0 0 BYRON HODGES DIRECTOR 1.00 X 1350 0 0 MARK HEITKER DIRECTOR 1.00 X 1250 0 0 PHILIP RINGER DIRECTOR 1.00 X 1450 0 0 MATT HAYSLIP DIRECTOR 1.00 X 1150 0 0 193029 0 13191 1 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 760999724 DATA PROCESSOR 564821 MONUMENTAL LIFE 110 WEST ROSAMOND HOUSTON TX 77076 CREDIT LIFE & DISABILITY PROVIDER 320671 WARRANTY SOLUTIONS MANAGEMENT CORP PO BOX 140057 DENVER CO 80214 EXTENDED WARRANTY VENDOR 262321 SOUTHEASTERN UNDERWRITERS INC 10254 TIMBER RIDGE DR ASHLAND VA 23005 GAP INSURANCE 139340 4 INTEREST ON MEMBER LOA 522100 3169844 3169844 FEES & INSURANCE INCOM 522100 1541421 1504599 36822 4711265 27721 27721 156 0 156 156 156 4739142 4674443 36822 27877 391230 207215 1225518 48707 89028 100983 15329 284932 173304 792995 83779 66828 11481 120025 42629 PROVISION FOR LOAN LOSS 323703 LOAN SERVICING FEES 74828 ATM/SHARE DRAFT FEES 50167 EMPLOYEE TRAINING 26860 108512 4238053 728436 761401 54519393 58571204 88483 57860 2497291 1130620 1426951 1366671 8023667 6262163 113172 64947 3765727 3843450 68665829 70927696 1751159 837010 6264 37551 2077088 2088570 58939979 61572137 62774490 64535268 X 0 0 0 0 5891339 6392428 5891339 6392428 68665829 70927696 501089 0 X 0 0 0 0 1 X 298078 298078 1132214 329377 802837 165975 117292 48683 881663 672138 209525 19361 11813 7548 1366671 NCUSIF CAPITAL DEPOSIT 595825 C INVESTMENTS - ESCROW AT USC 63788 C CATALYST CORP CASH MGMT 3582376 C CERTIFICATE OF DEPOSITS 1984000 C IPFU CATALYST CORPORATE CU 36174 C 6262163 OTHER ASSETS 180666 CORPORATE LIFE INSURANCE 3662784 3843450 DEPOSITORS CHECKING, SAVINGS AND INVESTMENTS 61572137 61572137 PART IV, LINE 2B: DEPOSITS ARE MADE INTO AN ESCROW ACCOUNT EACH MONTH AT THE TIME REAL ESTATE LOAN PAYMENTS ARE RECEIVED. THE FUNDS ARE USED TO PAY REAL ESTATE PROPERTY TAXES AND HOMEOWNER'S INSURANCE. DISBURSEMENTS OF PROPERTY TAX PAYMENTS ARE MADE ONCE A YEAR DURING THE MONTH OF DECEMBER. THE TAXING AUTHORITY AUTOMATICALLY MAILS THE TAX BILL TO THE CREDIT UNION STARTING THE MONTH OF NOVEMBER. A REPORT IS GENERATED AT THE BEGINNING OF EACH MONTH IN REPORTING ANALYTICS WHICH IS MONITORED MONTHLY FOR INDIVIDUAL DUE DATES OF THE HOMEOWNER'S PROPERTY INSURANCE POLICIES. X X 1 1 X X 0 0 0 CRAIG ROHDEN PRESIDENT/CEO 143215 0 34604 0 360 0 6965 0 7221 0 192365 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS, CEO AND VICE PRESIDENTS ARE ALLOWED COMPANION TRAVEL ONCE PER YEAR. TUITION REIMBURSEMENT GROSS-UP PAYMENTS ARE ALSO PROVIDED TO EMPLOYEES. 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 11 INFORMATION IS PROVIDED BY THE VICE PRESIDENT OF ACCOUNTING TO THE TAX ACCOUNTANT FOR PREPARATION OF FORM 990. THE COMPLETED FORM 990 IS THEN REVIEWED BY THE PRESIDENT. A COPY OF THE FILED FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THE NEXT MEETING, AFTER IT HAS BEEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST IS DISCLOSED TO EMPLOYEES AT THE TIME OF HIRE, THEY ARE TO NOTIFY MANAGEMENT OF ANY RELATIONSHIP BETWEEN VENDORS AND STAFF OR DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS AND USES COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).