2012-04-27T10:22:00-06:00 2011-12-31 990 2011-01-01 750801235 FORT WORTH TELCO CREDIT UNION FORT 8173324131 1120 SUMMIT AVE FORT WORTH TX 76102 RON REED 8173324131 2012-04-11 2011 2016-02-24 21:20:13Z FORT WORTH TELCO CREDIT UNION RON REED 1537133 false true X WWW.FTWORTHTELCO.ORG X 1935 TX TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES FOR ALL MEMBERS. 7 7 15 41681 0 1341642 1297400 345982 239733 0 1687624 1537133 0 116722 75294 751489 703643 0 0 1251196 794501 2119407 1573438 -431783 -36305 41139767 40416935 38601207 37914680 2538560 2502255 TO PROVIDE THE BEST POSSIBLE FINANCIAL SERVICES FOR ALL MEMBERS. false false FORT WORTH TELCO CREDIT UNION HAD THE FOLLOWING MEMBER ACCOUNTS AS OF 12-31-11 5814 MEMBER SHARE ACCOUNTS 210 DEPOSIT ACCOUNTS 137 CHRISTMAS CLUB ACCOUNTS 162 IRA ACCOUNTS 179 CD'S 1918 SHARE DRAFT ACCOUNTS SOME OF OUR ACCOUNTS ALSO INCLUDE HOME BANKINGBILL PAYMENT FORT WORTH TELCO CREDIT UNION HAD THE FOLLOWING LOANS AS OF 12-31-11 1286 PERSONAL LOANS 47 OPEN ENDED LOANS 7 REAL ESTATE LOANS SOME LOANS INCLUDE CREDIT LIFEDISABILITY EXTENDED WARRANTIES OR GAP. FORT WORTH TELCO CREDIT UNION HAD THE FOLLOWING CARD SERVICES (CREDIT & DEBIT) AS OF 12-31-11 607 CREDIT CARD ACCOUNTS 2229 DEBIT CARDS false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 680 0 15 true true true false false false false false X 7 7 false false false false true true true true true false false true true true true false true true true false X DIANNA SADLER 8173324131 1120 SUMMIT AVE FORT WORTH TX 76102 ELLIE CASEY-CHAIRMAN 1 X X 0 0 0 JOHNNY COFFEY-BOARD MEMBER 1 X 0 0 0 JIM HUGHES-BOARD MEMBER 1 X 0 0 0 MIKE REYNOLDS-BOARD MEMBER 1 X 0 0 0 DEAN SANDERSON-BOARD MEMBER 1 X 0 0 0 PAUL WOOD-SECRETARY 1 X X 0 0 0 RON REED-PRESIDENTCEO 40 X 111513 0 4333 111513 4333 1 false false false FISERV 2601 NETWORK BLVD SUITE 600 FRISCO TX 75034 DATA PROCESSOR 230993 1 LOAN INCOME 776533 747910 28623 FEES & CHARGES INCOME 358062 358062 CARD INCOME 147447 147447 INSURANCE INCOME 15358 2300 13058 1297400 239891 239891 158 -158 -158 -158 1537133 1255719 41681 239733 75294 115846 421889 13004 110456 42448 903 6708 1494 306795 2389 119089 1152 82339 855 36783 32862 MISCELLANEOUS EXPENSES 16697 LOAN SERVICING EXPENSES 25042 ASSOCIATION DUES 9432 ALLOW LOAN LOSS & OD LOSS 57753 NCUA CORP STAB 94208 1573438 0 0 0 2846153 2824664 6405 5659 14581415 15224464 101678 80443 1807570 311190 1511149 1496380 21723560 20410739 369407 374586 41139767 40416935 116879 228451 38484328 37686229 38601207 37914680 2538560 2502255 2538560 2502255 41139767 40416935 -36305 X false false false false false 345691 345691 1575234 461532 1113702 348177 311190 36987 1496380 S & L CERTIFICATES 20228000 F CATALYST CFCU 182739 F 20410739 REGULAR SHARES 24510585 DEPOSIT ACCOUNTS 708267 CHRISTMAS CLUB SHARES 18714 IRA SPECIAL SAVINGS 2516896 CERTIFICATE OF DEPOSIT 3233223 SHARE DRAFT ACCOUNTS 6698544 37686229 FIN 48 WAS NOT APPLICABLE FOR THE TAX YEAR ENDED 12312011 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 FORT WORTH TELCO CREDIT UNION'S BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO FILING IT WITH THE IRS. FORM 990 PART VI SECTION B LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND MONITORED AS NEEDED. FORM 990 PART VI SECTION B LINE 15 FORT WORTH TELCO CREDIT UNION USED COMPEASE COMPARISON SOFTWARE TO SET COMPENSATION. FORM 990 PART VI SECTION C LINE 19 THE GOVERNING DOCUMENTS CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY MONTHLY.