2016-08-30T09:48:16-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 801 CHERRY STREET SUITE 1400 FORT WORTH TX 76102 990 2015-01-01 751253045 LONE STAR CREDIT UNION LONE 2143279367 7508 FERGUSON RD DALLAS TX 75228 BRIAN HARPER CFO 2143279367 2016-08-23 1 MICHAELA J CROMAR CPA P00895728 8178775000 2016-08-23 2015 2016-12-15 16:53:06Z JERRY CLANCY 7508 FERGUSON RD DALLAS TX 75228 6218393 0 X LONESTARCU.ORG X 1968 TX PROVIDE FINANCIAL SERVICES FOR MEMBERS IN OUR COMMUNITY CHARTER FIELD OF MEMBERSHIP. 6 6 54 6 66781 -10408 0 0 5334902 5856642 203596 192448 0 169303 5538498 6218393 0 0 1265 0 2234298 2509551 0 0 0 2742886 2894947 4978449 5404498 560049 813895 106263858 111132700 98850198 102886240 7413660 8246460 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 1 0 0 0 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 1877 0 1 54 1 1 1 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 X JERRY CLANCY 2143279367 7508 FERGUSON RD DALLAS TX 75228 JERRY CLANCY PRESIDENT, CEO DIRECTOR 40.00 X X 198384 0 97473 WAYNE PRICE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 EDWARD REEVE VICE CHAIRMAN 1.00 X X 0 0 0 MARKI HOLMES SECRETARY 1.00 X X 0 0 0 GRAHAM SWEENEY DIRECTOR 1.00 X 0 0 0 KIMBERLY MARSZALEK DIRECTOR 1.00 X 0 0 0 BRIAN HARPER CHIEF FINANCIAL OFFICER 50.00 X 97256 0 22808 LEIGHANN CARSON CHIEF ADMINISTRATIVE OFFICER 50.00 X 91579 0 20211 REBECCA REED CHIEF OPERATING OFFICER 50.00 X 99600 0 15908 486819 0 156400 1 0 1 0 FISERV EFT PO BOX 60000 SAN FRANCISCO CA 94160 DEBIT/CREDIT CARD PROCESSING 486063 FISERV DATASAFE 455 S GULPH RD KING OF PRUSSIA PA 19406 CORE FINANCIAL DATA SYSTEM 260252 PURITY TECHNOLOGY LLC 21638 STATE HIGHWAY 249 STE H HOUSTON TX 77070 IT CONSULTING/NETWORK REMEDIATION 126239 3 LOAN INTEREST 522100 4069489 4069489 FEE INCOME 522100 1787153 1755435 31718 5856642 192448 192448 OTHER OPERATING INCOME 522100 117718 82655 35063 LOAN INSURANCE 524298 43199 43199 LOAN SALES 522100 8386 8386 169303 6218393 5959164 66781 192448 X 610552 1567100 35525 140064 156310 2113 28245 582696 51890 46638 224450 179859 37375 990 430661 126813 61622 DEBIT CARD EXPENSE 397497 LOAN SERVICING EXPENSE 292617 MISCELLANEOUS 78543 MEMBER REWARDS 75295 277643 5404498 932578 1402997 15667478 15598327 219578 192693 592762 79344504 84683445 319247 347130 5107891 2515563 2617127 2592328 4946470 4758184 26702 28248 1597412 1529348 106263858 111132700 1017749 1277110 97832449 101609130 98850198 102886240 X 0 0 0 0 7413660 8246460 7413660 8246460 106263858 111132700 813895 18905 0 X 0 0 0 607132 607132 2961754 1306925 1654829 1539005 1208638 330367 2592328 MEMBERS' SHARES 101609130 101609130 X X X 0 1 0 JERRY CLANCY PRESIDENT, CEO DIRECTOR 198384 0 0 0 0 0 68148 0 29325 0 295857 0 0 0 PART I, LINE 4B SECTION 457(F) DEFERRED COMPENSATION PLAN - JERRY CLANCY - NO PAYMENTS IN 2015 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD MAY APPOINT FROM IT'S OWN AT LEAST THREE DIRECTORS TO ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS. AUTHORITY IS SPECIFICALLY DELEGATED TO IT BY THE BOARD AND THE COMMITTEE REPORTS TO THE BOARD AT THE NEXT REGULAR MEETING. THE PRESIDENT, IF A DIRECTOR, MAY NOT SERVE ON THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED ON APRIL 21, 2016 TO MEET CURRENT STATE REQUIREMENTS WHICH AFFECTED VARIOUS AREAS OF POLICY INCLUDING VOTING RIGHTS OF MINORS, DIRECTOR RESIGNATIONS, ETC. THE PREVIOUS VERSION WAS ADOPTED IN 1986. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS 11,362 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 11 INFORMATION FOR THE PREPARATION OF THE 990 & 990-T IS GATHERED BY THE CFO WITH INPUT FROM OTHER EXECUTIVE OFFICERS. THE RETURNS ARE REVIEWED AND APPROVED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 LONE STAR CREDIT UNION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY BUT THE ORGANIZATION'S BYLAWS DO INCLUDE REGULATIONS ON SPECIFIC TYPES OF ACTIVITIES INCLUDING THE COMPENSATION OF BOARD MEMBERS, FINANCIAL INTERESTS IN LENDEES, AND FAMILY RELATIONSHIPS BETWEEN DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS INDUSTRY AND GEOGRAPHIC COMPENSATION DATA PROVIDED BY AN INDEPENDENT THIRD PARTY WHICH INCLUDES SALARY RANGE INFORMATION AND AVERAGE INCREASE FROM THE PREVIOUS YEAR FOR THE CHIEF EXECUTIVE OFFICER. THE CHIEF ADMINISTRATIVE OFFICER PROVIDES A SALARY RECOMMENDATION. THE BOARD DELIBERATES ON THE RECOMMENDATION IN CLOSED SESSION WITHOUT NONINDEPENDENT DIRECTORS OR STAFF PRESENT. THIS WAS LAST PERFORMED IN THE FIRST QUARTER OF 2016. AN ANNUAL PERFORMANCE EVALUATION IS COMPLETED FOR ALL SENIOR MANAGERS BY THE CHIEF EXECUTIVE OFFICER. THE EMPLOYEE'S FINAL PERFORMANCE EVALUATION SCORE AND CURRENT COMPENSATION RATIO WITHIN THEIR INDUSTRY AND GEOGRAPHIC SALARY RANGE DETERMINE THE PERCENTAGE SALARY INCREASE, IF ANY. A SALARY INCREASE MATRIX IS ANNUALLY APPROVED WITH OUR BUDGETING PROCESS AND IS USED TO DETERMINE 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. FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH OFFICE. MEMBERS MAY VIEW THE FINANCIAL STATEMENTS DURING STATED BUSINESS HOURS. WE FILE QUARTERLY FINANCIAL DISCLOSURES WITH FEDERAL REGULATOR NCUA AND THESE ARE AVAILABLE AT THEIR WEBSITE. FORM 990, PART VI, SECTION A, LINE 8B: THE EXECUTIVE COMMITTEE REPORTS TO THE FULL BOARD AT REGULAR MEETINGS AND ANY ACTIVITIES TAKEN OR DECISIONS MADE ARE INCLUDED IN THE BOARD'S MINUTES OF THE REGULAR MEETINGS. FORM 990, PART IX, LINE 11G HR ADMINISTRATION 17,494. IT & DATA CENTER SERVICES 362,854. IRA ADMINISTRATION 5,064. TCUD OPERATING FEES 19,047. OTHER OUTSIDE SERVICES 178,237.