2013-05-08T14:11:00-07:00 2012-12-31 990 2012-01-01 741137995 FIRST CENTRAL CREDIT UNION FIRS 2547769333 6201 SANGER AVENUE WACO TX 76710 JO BETSY TYLER 2547769333 2013-04-25 2012 2016-02-24 21:20:13Z JO BETSY TYLER 6201 SANGER AVENUE WACO TX 76710 4486525 0 X www.firstcentralcu.com X credit union 1937 TX FIRST CENTRAL CREDIT UNION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION WHICH IS A COOPERATIVE PROVIDER OF FINANCIAL SERVICES TO OUR MEMBERS. FIRST CENTRAL CREDIT UNION IS A STATE CHARTERED CREDIT UNION AND A MEMBER OF NCUA. 8 8 47 8 71206 -5940 0 0 3563348 4214742 249591 200097 224054 71686 4036993 4486525 0 0 0 0 1341825 1477155 0 0 0 2143204 2315833 3485029 3792988 551964 693537 53898589 58196285 48364175 51968334 5534414 6227951 THE ORGANIZATION IS A FINANCIAL INSTITUTION, SPECIFICALLY A CREDIT UNION. A CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO ITS MEMBERS. 0 0 MEMBER LOANS: FIRST CENTRAL CREDIT UNION PROVIDES VEHICLE LOANS, SIGNATURE LOANS, HOME EQUITY LOANS, REAL ESTATE LOANS, AND CREDIT CARDS. WE UTILIZE VERY EFFICIENT UNDER WRITING PROCEDURES TO PROVIDE REASONABLE AND COMPETITIVE RATES TO OUR MEMBERS. CHECKING ACCOUNTS: FIRST CENTRAL CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FEE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. WE DO OFFER CHECKING ACCOUNTS THAT PAY DIVIDENDS MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF BILL PAY. OVER 38% OF THE CREDIT UNION'S MEMBERS HAVE A CHECKING ACCOUNT. FIRST CENTRAL CREDIT UNION ALSO OFFERS MONEY MARKET ACCOUNTS. SHARE ACCOUNTS: FIRST CENTRAL CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 11,523 MEMBER OWNED ACCOUNTS AS OF DECEMBER 31, 2012. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY. FIRST CENTRAL CREDIT UNION OFFERS ACCESS THROUGH BRANCHES AT DIFFERENT LOCATIONS, HOME BANKING VIA THE INTERNET, TELEPHONE, AND ATM MACHINES WORLDWIDE. WE OFFER SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SPENDING HABITS. 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 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 1 1682 0 1 47 1 1 1 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 0 0 X JO BETSY TYLER 2547769333 6201 SANGER AVENUE WACO TX 76710 VICKI DECKARD 1 0 X 0 0 0 EVERETT ALEXANDER 1 0 X 0 0 0 RICHARD HARTLEY 1 0 X 0 0 0 GLENN WILLIAMSON 1 0 X 0 0 0 DONNA WILHELM 1 0 X 0 0 0 JIM ZORN 1 0 X 0 0 0 ELIO SMYTHE 1 0 X 0 0 0 BEVERLY WALKER 1 0 X 0 0 0 JO BETSY TYLER 40 0 X 103860 0 12600 103860 0 12600 1 0 0 0 0 0 0 0 0 0 0 0 INTEREST ON LOANS 522310 2555238 2555238 0 0 MEMBER FEES AND CHARGES 522130 1399622 1399622 0 0 LOAN FEE INCOME 522130 4500 4500 0 0 255382 255382 0 0 4214742 200097 0 0 200097 0 0 0 0 0 0 0 0 480 0 0 0 480 0 480 0 0 480 0 0 0 OTHER INCOME 900099 71206 0 71206 0 0 0 0 0 71206 4486525 4214742 71206 200577 0 0 0 0 116460 0 1101057 38742 119724 101172 0 12889 39266 0 0 2560 78602 203198 612726 78728 0 206728 20083 0 65240 329262 0 196902 82827 PROVISION FOR LOAN LOSS EXPENSE 197481 LOAN SERVICING FEES 145170 ASSOCIATION DUES 23437 STATE OF TEXAS OPERATING FEES 10253 10481 3792988 0 0 0 1090150 946090 5245519 7071251 0 0 0 0 0 0 0 0 31001548 32046638 0 0 64250 110799 4008769 1568796 2059080 2439973 0 0 13622232 12834203 0 0 0 0 815810 2747331 53898589 58196285 679894 744231 0 0 0 0 0 0 0 0 0 0 0 0 0 0 47684281 51224103 48364175 51968334 X 0 0 0 0 5534414 6227951 5534414 6227951 53898589 58196285 693537 0 0 0 0 0 X 0 0 0 1800 0 0 0 0 0 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 CONTRIBUTED TO DAVID DEWHURST CAMPAIGN FOR CREDIT UNION ADVOCACY. MAILED A CHECK TO THE TEXAS CREDIT UNION LEAGUE FOR $1800 ON JULY 16, 2012. DONATION FROM FIRST CENTRAL CREDIT UNION TO THE TEXAS CREDIT UNION LEAGUE FOR PARTISAN COMMUNINCATIONS. 0 398062 398062 0 2055053 540420 1514633 0 133312 10709 122603 0 1381511 1001317 380194 0 40831 16350 24481 2439973 0 0 CERTIFICATES OF DEPOSITS-w/BANKS 10682126 C HTM INVESTMENTS-w/GOV.AGENCIES 1000000 C CERTIFICATES OF DEPOSIT-w/CR.UNIONS 1044000 C MEMBERSHIP CAPITAL AT CORP.CU 108077 C 12834203 0 MEMBER SHARE ACCOUNTS 51224103 51224103 JO BETSY TYLER PRESIDENT HOME EQUITY LOAN X 40000 37700 0 0 1 ELIO SMYTHE DIRECTOR VEHICLE X 19014 16741 0 0 1 BEVERLY WALKER DIRECTOR PERSONAL X 7200 3705 0 0 1 VICKI DECKARD DIRECTOR VEHICLE X 21000 7340 0 0 1 DONNA WILHELM DIRECTOR PERSONAL X 9000 7538 0 0 1 73024 F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 FIRST CENTRAL CREDIT UNION IS A CREDIT UNION WHICH IS A MEMBER OWNED COOPERATIVE OF FINANCIAL SERVICES. F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a FIRST CENTRAL CREDIT UNION HAS A NOMINATING COMMITTEE THAT IS APPOINTED BY THE BOARD OF DIRECTORS TO SELECT CANDIDATES. THE CANDIDATES ARE PRESENTED TO THE MEMBERSHIP VIA THE CREDIT UNION NEWSLETTER. SHOULD SOMEONE CHOOSE TO RUN AGAINST A CANDIDATE, THEY WOULD NEED TO GET A PETITION WITH 75 MEMBER SIGNATURES TO CAUSE A BALLOT VOTE, OTHERWISE THE CANDIDATES SELECTED BY THE NOMINATING COMMITTEE WILL BE ELECTED. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b FIRST CENTRAL CREDIT UNION'S BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE FORM 990 DURING A MONTHLY BOARD MEETING BEFORE THE MAY 2013 FILING DEADLINE. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c OUR ORGANIZATION DOES REGULARY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. OUR BOARD OF DIRECTORS AND MANAGEMENT TEAM DOES REVIEW AND MONITOR THIS POLICY ANNUALLY. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS UTILIZED COMPENSATION REPORTS FROM AN INDEPENDENT COMPENSATION CONSULTANT IN THE YEAR 2000 TO ASSIST IN THE ESTABLISHMENT OF THE CEO'S COMPENSATION. EVERY YEAR SINCE THEN THE BOARD OF DIRECTORS MEET ANNUALLY TO DISCUSS AND DETERMINE THE CEO'S SALARY RAISE PERCENTAGE INCREASE. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 FIRST CENTRAL CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO OUR MEMBERS UPON REQUEST AND OUR FINANCIAL STATEMENTS ARE POSTED MONTHLY FOR PUBLIC VIEWING IN EACH BRANCH'S LOBBY AREA.