2013-05-15T07:47:00-05:00 2012-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2012-01-01 750830371 NORTH EAST TEXAS CREDIT UNION NORT 9036562576 1115 LONE STAR BLVD LONE STAR TX 75668 KAY STEWART 9036562576 2013-05-10 1 GERALD B KISSELL P00092658 6123324300 2012 2016-02-24 21:20:13Z KAY STEWART 1115 LONE STAR BLVD LONE STAR TX 75668 8227867 0 X WWW.THENETCU.COM X 1948 TX TO INCREASE OUR MEMBERS FINANCIAL WELL BEING AND TO INCREASE OUR MEMBERS STANDARD OF LIVING. 5 5 65 0 125126 -38977 0 0 7285243 7621728 530620 536699 0 0 7815863 8158427 6000 5000 864824 697254 2821378 3091577 0 0 0 2959985 2788074 6652187 6581905 1163676 1576522 117733338 124266075 105707465 110669908 12025873 13596167 X FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS. 1 0 NORTH EAST TEXAS CREDIT UNION (NETCU) OFFERS A VARIETY OF SAVINGS ACCOUNTS IN ORDER TO BEST SERVE OUR MEMBERS. OUR MEMBER SHARE ACCOUNTS PAY REGULAR MONTHLY DIVIDENDS ON BALANCES OF $100 OR MORE. DIVIDEND RATES INCREASE AS BALANCES INCREASE. WE ALSO HAVE SPECIAL ACCOUNTS AVAILABLE FOR CHILDREN, YOUTH, AND YOUNG ADULTS OFFERING SPECIAL BENEFITS TO HELP YOUNG PEOPLE LEARN TO SAVE AND MANAGE MONEY. SHARE CERTIFICATES ARE ACCOUNTS THAT PROVIDE HIGHER RATES TO MEMBERS WITH LARGER SUMS TO PUT INTO SAVINGS OVER A FIXED PERIOD OF TIME. NETCU ALSO OFFERS A VARIETY OF IRA'S INCLUDING ROTH AND TRADITIONAL TO MEMBERS OF THE COOPERATIVE. NETCU HAS ALWAYS OFFERED LOANS AT COMPETITIVE OR LOWER RATES THAN OTHER FINANCIAL INSTITUTIONS. NETCU IS ABLE TO SERVE ITS ENTIRE MEMBERSHIP WITH OUR RISK-BASED LENDING PROGRAM. CONSUMER LOAN OFFERINGS INCLUDE BUT ARE NOT LIMITED TO AUTO LOANS, BEREAVEMENT, TAX REFUND, COMPUTER, FURNITURE, AND AGRICULTURAL LOANS. NETCU ALSO MAINTAINS A PORTFOLIO OF CONSUMER REAL ESTATE LOANS. FIXED RATE AND BALLOON LOANS FOR PURCHASE, HOME IMPROVEMENT, HOME EQUITY, AND CONSTRUCTION ARE AVAILABLE. NETCU CONTINUOUSLY RESEARCHES AND INVEST IN NEW TECHNOLOGY TO BETTER SERVE ITS MEMBERS. NET TELLER INTERNET BANKING OFFERS ONLINE ACCOUNT HISTORY INQUIRIES, STATEMENT RETRIEVAL, CURRENT TRANSACTION HISTORY, ON-LINE TRANSFERS, LOAN PAYMENTS, AND STOP PAYMENTS. TEXT BANKING ALLOWS MEMBERS TO CHECK THEIR FINANCIAL STATUS EVEN IF THEY DON'T HAVE A SMART PHONE OR WEB ENABLED DEVICE. ON-LINE BILL PAYMENT ALLOWS MEMBERS TO PAY BILLS ELECTRONICALLY. CHECK IMAGES AND E-STATEMENTS ARE AVAILABLE ON-LINE TO MEMBERS. OUR AUDIO RESPONSE SYSTEM, UPDATED IN 2012, IS A TELEPHONE SERVICE THAT ALLOWS MEMBERS ACCESS TO THEIR CU ACCOUNT FROM ANYWHERE. WE ALSO ARE EQUIPPED TO OPEN NEW ACCOUNTS THROUGH AN ON-LINE PLATFORM. THE CREDIT UNION ALSO OFFERS THE FOLLOWING SERVICES - CHECKING OPTIONS, OVERDRAFT PROTECTION, COURTESY PAY, DEBIT CARDS, CREDIT CARDS, ATM NETWORK, DIRECT DEPOSIT, SAFE DEPOSIT BOXES, MONEY TRANSFER SERVICES, BUSINESS CHECKING, MEMBER BUSINESS LENDING, INDIRECT LENDING, AND LOAN INSURANCE PROTECTION PRODUCTS. 0 0 1 0 0 0 0 1 0 1 1 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 1 0 0 0 1 3946 0 1 65 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X KAY STEWART 9036562576 1115 LONE STAR BLVD LONE STAR TX 75668 MARK ALLEN 1.00 X X 0 0 0 EARL ALEXANDER 1.00 X X 0 0 0 JOE BROWN 1.00 X X 0 0 0 WILLIAM GLOVER 1.00 X 0 0 0 ROY HENRY 1.00 X 0 0 0 KAY STEWART 40.00 X 176935 0 14394 KEITHA NILSSON 40.00 X 131154 0 12814 308089 0 27208 2 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 DATA PROCESSING 410542 WINDSTREAM PO BOX 9001908 LOUISVILLE KY 402901908 COMMUNICATION/PHONE 162726 EAST TEXAS LAWN CARE 3429 SAM PAGE RD LONGVIEW TX 75605 LAWN/LANDSCAPE SER 124123 3 LOAN INTEREST INCOME 522100 5131441 5131441 FEE INCOME 522100 1856869 1856869 OTHER INCOME 522100 633418 508292 125126 7621728 407042 407042 45140 153957 0 69440 45140 84517 129657 129657 8158427 7496602 125126 536699 5000 697254 335297 2117311 78578 380577 179814 17994 72086 652602 108758 985121 41254 165055 56127 315576 110943 LOAN SERVICING 68407 ASSOCIATION DUES 30636 SUPERVISION FEES 18820 PROVISION FOR OD LOANS 11250 133445 6581905 3120899 3786841 10208539 9120819 73217246 76420577 7173338 3319642 3408222 3853696 6676095 7946206 16710477 22363613 4391860 774323 117733338 124266075 874131 1236014 12451255 12907695 92382079 96526199 105707465 110669908 X 0 0 0 0 12025873 13596167 12025873 13596167 117733338 124266075 X 1576522 -6228 X 0 1 X 1 0 2000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: NETCU CONTRIBUTED $2,000 TO THE TEXAS CREDIT UNION LEAGUE (TCUL) TO SUPPORT PARTISAN COMMUNICATIONS. 0 1 X 976422 976422 3039081 953947 2085134 561317 404809 156508 2596518 1960886 635632 3853696 BANK CERTIFICATES 14599945 F CUNA MUTUAL LIFE INS 346997 F NCUSIF CAPITAL DEPOSIT 1058597 F CORP AMERICA SHARE ACCOUNT 5 F SWCFCU TIERED SAV/MEMBERSHIP SHARE 5000 F CUNA MUTUAL SPLIT DOLLAR LIFE INS 3522823 F EXECUTIVE BENEFIT COLI PREFUNDING INV 2830246 F 22363613 MEMBERS' SHARES 96526199 96526199 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY TAXES AND INSURANCE ON BEHALF OF ITS MORTGAGE LOAN CUSTOMERS. THE CREDIT UNION ALSO SERVES AS CUSTODIAN FOR ASSETS. X X X 0 0 0 KAY STEWART 141422 0 32710 0 2803 0 7184 0 7210 0 191329 0 0 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 DURING 2012, NORTH EAST TEXAS CREDIT UNION (NETCU) ADDED DEPOSIT TAKING ATM'S AND COMPLETED AN UPDATE TO OUR TELEPHONE BANKING SYSTEM. WE PARTNERED WITH A CARD ISSUER TO ENHANCE OUR CREDIT CARD OFFERINGS AND WITH A SECONDAY MARKET MORTGAGE COMPANY AS WELL. 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 OR EXCESS DUES 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, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION B, LINE 11 A SENIOR MANAGEMENT TEAM AND THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THIS INFORMATION IS ADDRESSED IN OUR EMPLOYEE HANDBOOK. ALL NEW EMPLOYEES ATTEND A NEW HIRE ORIENTATION WHERE THIS MATERIAL IS COVERED. THE EMPLOYEE HANDBOOK IS UPDATED AND REVIEWED WITH ALL EMPLOYEES AT LEAST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION USES THE COMPEASE PERFORMANCE EVALUATION SYSTEM. THIS SYSTEM COMPARES EMPLOYEE SALARIES TO OTHER CREDIT UNIONS' AND BANKS' AVERAGE SALARIES FOR COMPARABLE POSITIONS DETERMINED BY OUR GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS AVAILABLE TO ALL MEMBERS VIA REQUEST. NOTICE OF THIS IS POSTED ON THE CREDIT UNION WEBSITE. MONTHLY FINANCIAL STATEMENTS ARE POSTED IN THE FOYERS OF ALL BRANCH LOCATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN/LOSS -6,228. NET FINANCIAL SERVICE CENTER 1115 LONE STAR BLVD STE A LONE STAR TX 75668 800967286 MEMBER BUSINESS LOANS TX 111017 3349780 NORTH EAST TEXAS CREDIT UNION