CENTEX CITIZENS CREDIT UNION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
CENTEX CITIZENS CREDIT UNION (EIN 74-1271704)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-13
IRS object ID
201333179349304663
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-13T14:35:46-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN410746749EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line120 E THOMAS RD STE 2300AddressLine1
CityPHOENIXCity
StateAZState
ZIP Code85012ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN741271704EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1CENTEX CITIZENS CREDIT UNIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCENTNameControl
Phone2545629296Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1252AddressLine1
CityMEXIACity
StateTXState
ZIP Code76667ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJANIS MASSEYName
TitlePRESIDENTTitle
Phone2545629296Phone
Date Signed2013-11-06DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJANIS ISAACSONName
PTINP00089104PTIN
Phone6022662248Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonJANIS MASSEYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 1252AddressLine1
CityMEXIACity
StateTXState
ZIP Code76667ZIPCode
FieldValueIRS element (for citing)
Gross Receipts2995608GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.MYOWNCU.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1954YearFormation
State Legal DomicileTXStateLegalDomicile
Activity Or Mission DescriptionCENTEX CITIZENS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION WITH A STATE CHARTER AND IS A MEMBER OF THE NATIONAL SHARE INSURANCE FUND.ActivityOrMissionDescription
Nbr Voting Members Governing Body7NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees26TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI12285TotalGrossUBI
Net Unrelated Business Txbl Income-9565NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year0ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year2881659ProgramServiceRevenuePriorYear
Program Service Revenue CY2904656ProgramServiceRevenueCY
Investment Income Prior Year75054InvestmentIncomePriorYear
Investment Income Current Year69863InvestmentIncomeCurrentYear
Other Revenue Prior Year12769OtherRevenuePriorYear
Other Revenue Current Year21089OtherRevenueCurrentYear
Total Revenue Prior Year2969482TotalRevenuePriorYear
Total Revenue Current Year2995608TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year885181SalariesEtcPriorYear
Salaries Etc Current Year953251SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year1833562OtherExpensePriorYear
Other Expenses Current Year1572032OtherExpensesCurrentYear
Total Expenses Prior Year2718743TotalExpensesPriorYear
Total Expenses Current Year2525283TotalExpensesCurrentYear
Revenues Less Expenses Prior Year250739RevenuesLessExpensesPriorYear
Revenues Less Expenses CY470325RevenuesLessExpensesCY
Total Assets BOY55505860TotalAssetsBOY
Total Assets EOY55917363TotalAssetsEOY
Total Liabilities BOY45053056TotalLiabilitiesBOY
Total Liabilities EOY45075799TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY10452804NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY10841564NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionCOOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionSHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CENTEX CITIZENS CREDIT UNION HAS 6690 MEMBERS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
DescriptionCHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. 39% OF MEMBERS HAVE CHECKING ACCOUNTS.Description

Activity3 Activity3

FieldValueIRS element (for citing)
DescriptionCONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
DescriptionCENTEX CITIZENS CREDIT UNION PROVIDES HOME EQUITY LOANS WITH A SINGLE DISTRIBUTION, A VARIABLE RATE OF INTEREST REVIEWED ON AN ANNUAL BASIS WITH A MONTHLY PAYMENT. CENTEX CITIZENS CREDIT UNION FUNDS OTHER REAL ESTATE LOANS TO PURCHASE OR REFINANCE A HOME. CENTEX CITIZENS CREDIT UNION ALSO FUNDS A LIMITED AMOUNT OF BUSINESS LOANS TO LOCAL BUSINESSES IN AREAS WHERE OUR EXPERTISE ALLOWS US TO UNDERSTAND THEIR BUSINESS OPERATIONS AND THEY USE REAL ESTATE OR EQUIPMENT AS COLLATERAL.Description
FieldValueIRS element (for citing)
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With1096863NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees26NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members7NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1JANIS MASSEYBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2545629296TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 1252AddressLine1
CityMEXIACity
StateTXState
ZIP Code76667ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
CHARLES WARREN
CHAIRMAN1.00X000
RICHARD JOHNSON
VICE CHAIRMAN1.00X000
KENNETH POLLARD JR
TREASURER1.00X000
COLLEEN RANGE
SECRETARY1.00X000
TERRY DON SHIVERS
BOARD MEMBER1.00X000
BOBBY MCDONALD
BOARD MEMBER1.00X000
DENNIS WILSON
BOARD MEMBER1.00X000
JANIS MASSEY
PRESIDENT/CEO40.0010271200X
KAY FOWLER
EXECUTIVE VICE PRESIDENT40.005841000X
TAMI GRIFFIN
BRANCH MANAGER40.006107400X
BEVERLY RHIDENOUR
OPERATIONS MANAGER40.005208400X
FieldValueIRS element (for citing)
Total Reportable Comp From Org274280TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1FISERVBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line17500 REMITTANCE DR SUITE 6974AddressLine1
CityCHICAGOCity
StateILState
ZIP Code606756974ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesDATA PROCESSINGDescriptionOfServices
Compensation320567Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
PROGRAM SERVICE REVENU52210028923712892371
UNRELATED BUSINESS INC9000991228512285
FieldValueIRS element (for citing)
Total Program Service Revenue2904656TotalProgramServiceRevenue

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column69863TotalRevenueColumn
Related Or Exempt Function Income69863RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISC INCOME- 150000Description
Business Code522100BusinessCode
Total Revenue Column21089TotalRevenueColumn
Related Or Exempt Function Income21089RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue21089TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2995608TotalRevenueColumn
Related Or Exempt Function Income2983323RelatedOrExemptFunctionIncome
Unrelated Business Revenue12285UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total274280Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total460420Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total42688Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total125437Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total50426Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total4400Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total432671Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total18456Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total24427Total

Advertising Advertising

FieldValueIRS element (for citing)
Total40638Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total81036Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total158723Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total36000Total

Interest Interest

FieldValueIRS element (for citing)
Total159115Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total109233Total

Insurance Insurance

FieldValueIRS element (for citing)
Total39681Total

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotal
PROVISON FOR LOAN LOSS234740
OPERATIONS232912

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2525283Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY2828214BOY
EOY2467781EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY13865136BOY
EOY13283625EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY1100BOY
EOY900EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY34592101BOY
EOY36020602EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY39307BOY
EOY44143EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis2666735LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1078530LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY1633954BOY
EOY1588205EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY1381806BOY
EOY1483480EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1164242BOY
EOY1028627EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY55505860BOY
EOY55917363EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY633823BOY
EOY801936EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY44419233BOY
EOY44273863EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY45053056BOY
EOY45075799EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY10452804BOY
EOY10841564EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10452804BOY
EOY10841564EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY55505860BOY
EOY55917363EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses470325ReconcilationRevenueExpenses
Reconciliation Unrealized Invest5000ReconciliationUnrealizedInvest
Reconcilation Other Changes-86565ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis257148OtherCostOrOtherBasis
Book Value257148BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis1962595OtherCostOrOtherBasis
Depreciation759137Depreciation
Book Value1203458BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis446992OtherCostOrOtherBasis
Depreciation319393Depreciation
Book Value127599BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings1588205TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescriptionAmountAmount
SHARES$16,489,537
SHARE DRAFTS$6,559,374
IRA REGULAR SHARES$2,614,285
IRA CERTIFICATES$1,491,233
REGULAR CERTIFICATES$13,618,040
MONEY MARKET ACCTS$3,401,687
ACH (RECEIVABLE)/PAYABLE$99,707
FieldValueIRS element (for citing)
Total Of Amounts44273863TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt2995608TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal2995608RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9902995608TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt2525283TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal2525283ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9902525283TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 6CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK OR RESIDE IN LIMESTONE COUNTY, TEXAS AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SPECIFICALLY FAIRFIELD; THAT PORTION OF NAVARRO COUNTY WEST OF I-45 AND SOUTH OF HIGHWAY 22; AND THAT PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO; WITH THE FOLLOWING EXCLUSION: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCATION-BASED CREDIT UNIONS IN NAVARRO AND HILL COUNTIES AND MEMBERS OF THE FAMILY OF SUCH PERSONS.
FORM 990, PART VI, SECTION A, LINE 7AEACH YEAR A QUORUM OF THE MEMBERSHIP (25 OR MORE MEMBERS) OF CENTEX CITIZENS CREDIT UNION ELECTS TWO OR THREE PERSONS TO SERVE THREE YEAR TERMS ON THE BOARD OF DIRECTORS. THIS QUORUM CONVENES AT AN ANNUAL MEETING HELD BEFORE JUNE 1ST OF EACH YEAR. EACH MEMBER IS ALLOWED ONE VOTE AND NO MEMBER IS ALLOWED TO VOTE BY PROXY. 45 DAYS PRIOR TO THE ANNUAL MEETING THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE THAT DETERMINES IF THE NOMINEE IS QUALIFIED TO SERVE AS A BOARD MEMBER.
FORM 990, PART VI, SECTION B, LINE 11A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF CENTEX CITIZENS CREDIT UNION'S GOVERNING BODY FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT WHO PREPARED THE FORM 990. WHEN THE BOARD OF DIRECTORS ARE SATISFIED THE REPORT HAS BEEN COMPLETED ACCURATELY AND CORRECTLY, THEY GIVE FINAL APPROVAL FOR IT TO BE SUBMITTED.
FORM 990, PART VI, SECTION B, LINE 12CALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS APPOINTS A COMMITTEE, WHICH USES THE CUNA ANNUAL COMPENSATION SURVEY, TO ASSIST IN DETERMINING THE PRESIDENT'S COMPENSATION. THE PRESIDENT DETERMINES THE COMPENSATION FOR OFFICERS AND ALL EMPLOYEES USING THE SAME CUNA ANNUAL COMPENSATION SURVEY.
FORM 990, PART VI, SECTION C, LINE 19CENTEX CITIZENS CREDIT UNION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:UNREALIZED GAIN/LOSS ON FUND BALANCES -86,565.CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XII, LINE 2C:THE BOARD OF DIRECTORS OVERSEES THE AUDITED FINANCIAL STATEMENTS.

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