FIRST SERVICE CREDIT UNION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FIRST SERVICE CREDIT UNION (EIN 74-6046840)
- Tax period
- 2010-01-01 to 2010-12-30
- Filed
- 2011-11-11
- IRS object ID
- 201113159349303556
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-11T14:50:08-06:00 | Timestamp |
| Tax Period End Date | 2010-12-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM MCGLADREY INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NICOLLET MALL SUITE 1100 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746046840 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST SERVICE CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FIRS | NameControl |
| Phone | 8326881318 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9621 W SAM HOUSTON PARKWAY N | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77064 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELISSA DOMINGUES | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 8326881318 | Phone |
| Date Signed | 2011-11-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | COLLIN F BUZZELL | Name |
| Phone | 6125738750 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Terminated Return | X | TerminatedReturn |
| Name Of Principal Officer Person | JERRY D SHRODE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9621 W SAM HOUSTON PARKWAY N | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77064 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 15206298 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.FSCU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | FIRST SERVICE CREDIT UNION IS A COOPERATIVE CREDIT UNION THAT PROVIDES FINANCIAL PRODUCTS AND SERVICES TO MEMBERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 69 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 83107 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -154855 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 14517996 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12923073 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2903273 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2283225 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11614723 | TotalRevenuePriorYear |
| Total Revenue Current Year | 15206298 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 3239665 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 1629620 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4141449 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4368829 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7199924 | OtherExpensePriorYear |
| Other Expenses Current Year | 6590419 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14586038 | TotalExpensesPriorYear |
| Total Expenses Current Year | 12588868 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2971315 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2617430 | RevenuesLessExpensesCY |
| Total Assets BOY | 184563807 | TotalAssetsBOY |
| Total Assets EOY | 0 | TotalAssetsEOY |
| Total Liabilities BOY | 172261829 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12301978 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 0 | NetAssetsOrFundBalancesEOY |
| Mission Description | WHERE SERVICE COMES FIRST. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | FIRST SERVICE CREDIT UNION OFFERS SAVINGS ACCOUNTS TO MEMBERS OF ALL AGES THAT PAY DIVIDENDS ON A MONTHLY BASIS. WE HAD JUST OVER 32,000 MEMBER-OWNED SAVINGS ACCOUNTS AS OF DECEMBER 31, 2010. MEMBERS CAN ACCESS THEIR SAVINGS ACCOUNTS THROUGH OUR BRANCH NETWORK, INCLUDING OUR NATIONWIDE SHARED BRANCHING NETWORK. THEY CAN ALSO ACCESS THEIR ACCOUNTS VIA HOME BANKING, TELEPHONE, AND ATMS. WE ALSO OFFER SPECIAL SAVINGS ACCOUNTS FOR OUR CHILDREN AND TEENAGE MEMBERS TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FIRST SERVICE CREDIT UNION OFFERS CHECKING ACCOUNTS FOR OUR MEMBERS. OUR CHECKING ACCOUNTS ALSO PAY DIVIDENDS ON A MONTHLY BASIS. THEY CAN ALSO BE ACCESSED THROUGH OUR BRANCH NETWORK, INCLUDING OUR NATIONWIDE SHARED BRANCHING NETWORK. JUST AS WITH SAVINGS ACCOUNTS, CHECKING ACCOUNTS CAN BE ACCESSED VIA HOME BANKING, TELEPHONE, AND ATMS. CHECKING ACCOUNTS ARE ALSO ELIGIBLE FOR FREE DEBIT CARDS THAT CAN BE ACCESSED WITHOUT A PIN AT MOST MERCHANTS THAT ACCEPT VISA. MEMBERS CAN ALSO PAY BILLS FROM THEIR CHECKING ACCOUNT USING OUR FREE BILL PAY SERVICE. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FIRST SERVICE CREDIT UNION OFFERS A VARIETY OF LOAN TYPES, SUCH AS VEHICLE, UNSECURED, BOAT, MOTORCYCLE, RECREATIONAL, AND REAL ESTATE AT COMPETITIVE RATES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 1 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4334 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 69 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MELISSA DOMINGUES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8326881318 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9621 W SAM HOUSTON PARKWAY N | AddressLine1 |
| City | HOUSTON | City |
| State | TX | State |
| ZIP Code | 77064 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| DAVID ITZ | |||||||
| BOARD CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| PAUL LOVE | |||||||
| BOARD VICE CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 | |
| FRED STAHELIN | |||||||
| BOARD SECRETARY/TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| BILLIE NEELY | |||||||
| EXECUTIVE COMMITTEE CHAIRM | 1.00 | X | 0 | 0 | 0 | ||
| THOMAS SMITH | |||||||
| BOARD DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JACK BARTELL | |||||||
| BOARD DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JAMES HARKRIDER JR | |||||||
| BOARD DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JERRY D SHRODE | |||||||
| PRESIDENT/CEO | 50.00 | X | 205721 | 0 | 25464 | ||
| MELISSA DOMINGUES | |||||||
| CHIEF FINANCIAL OFFICER | 50.00 | X | 92103 | 0 | 10605 | ||
| MIRKO PETRAK | |||||||
| SENIOR VP OF IT | 40.00 | 111137 | 0 | 14792 | X | ||
| DEBRA LITTLE | |||||||
| SENIOR VP OF OPERATIONS | 40.00 | 101160 | 0 | 10880 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 510121 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 61741 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| CIGNA | |||||
| 5089 COLLECTION CENTER DRIVE | CHICAGO | IL | 606930050 | MEDICAL INSURANCE FOR EMPLOYEES | 363474 |
| MINUTEMAN PRESS | |||||
| 17484 NORTHWEST FREEWAY | HOUSTON | TX | 77040 | PRINTING FOR MARKETING MATERIAL | 173496 |
| FIDELITY | |||||
| PAYMENT CENTER PROCESSING PO BOX 4 | CAROL STREAM | IL | 601974535 | STATEMENT PROCESSING | 171440 |
| CUNA MUTUAL GROUP | |||||
| PO BOX 2964 | MILWAUKEE | WI | 532012964 | CU INSURANCE & BOND | 108949 |
| JACK HENRY | |||||
| PO BOX 503328 | ST LOUIS | MO | 631503328 | CORE PROCESSOR | 103993 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| INCOME FROM LOANS | 522100 | 8700429 | 8700429 | |
| FEES & CHARGES | 522100 | 3997894 | 3968165 | 29729 |
| MISC OPERATING INCOME | 522100 | 224750 | 171372 | 53378 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12923073 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2274441 | TotalRevenueColumn |
| Exclusion | $2,274,441 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8784 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8784 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8784 | TotalRevenueColumn |
| Exclusion | $8,784 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15206298 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12839966 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 83107 | UnrelatedBusinessRevenue |
| Exclusion | $2,283,225 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1629620 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333893 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3312031 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106870 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 367276 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248759 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51390 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13175 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 407348 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2020702 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269579 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 553523 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15176 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46062 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 598898 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200933 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PROVISION FOR LOAN LOSS | 849824 |
| PROVISION FOR INVESTMEN | 590000 |
| NCUA STABILIZATION EXPE | 429828 |
| SECURITY EXPENSE | 346313 |
| LOAN SERVICING | 83825 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 113748 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12588868 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1618582 | BOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 303798 | BOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 139661003 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 408100 | BOY |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9599379 | BOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5985416 | BOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24457650 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2529879 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184563807 | BOY |
| EOY | 0 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1644436 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170617393 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 172261829 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12301978 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12301978 | BOY |
| EOY | 0 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 184563807 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2617430 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -14919408 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JERRY D SHRODE | NamePerson |
| Base Compensation Filing Org | 168821 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 30000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 6900 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 12168 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 13296 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 231185 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule N IRS990ScheduleN
Liquidation Table LiquidationTable
Liquidation Detail LiquidationDetail (9 entries)
| Description Of AssetDescriptionOfAsset | Date Of DistributionDateOfDistribution | FMV Of AssetFMVOfAsset | Method Of FMV DeterminationMethodOfFMVDetermination | EINEIN | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|---|---|
| RIGHT CHOICE CREDIT UNION | |||||||||
| NET LOANS | 2010-12-31 | 118168680 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| ACCOUNTS RECEIVABLE | 2010-12-31 | 391373 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| CASH | 2010-12-31 | 1309218 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| INVESTMENTS | 2010-12-31 | 46352323 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| PREPAID EXPENSES | 2010-12-31 | 364702 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| FIXED ASSETS | 2010-12-31 | 8342942 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| ACCRUED INCOME | 2010-12-31 | 564301 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| NCUA SHARE INSURANCE | 2010-12-31 | 1663038 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| RIGHT CHOICE CREDIT UNION | |||||||||
| NON-EARNING ASSETS | 2010-12-31 | 16072 | BOOK VALUE | 741951016 | 4101 CLINTON | HOUSTON | TX | 77020 | 501(C)(14) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | 1 | DirectorOfSuccessor |
| Employee Of Successor | 1 | EmployeeOfSuccessor |
| Owner Of Successor | 0 | OwnerOfSuccessor |
| Receive Compensation | 0 | ReceiveCompensation |
| Assets Distributed | 1 | AssetsDistributed |
| Required To Notify AG | 1 | RequiredToNotifyAG |
| AG Notified | 1 | AGNotified |
| Liabilities Paid | 1 | LiabilitiesPaid |
| Bonds Outstanding | 0 | BondsOutstanding |
| Bond Liabilities Discharged | 0 | BondLiabilitiesDischarged |
Form990 Schedule N Part III Form990ScheduleNPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART I, LINE 2E: ALL OF THE FIRST SERVICE CREDIT UNION BOARD MEMBERS BECAME BOARD MEMBERS OF RIGHT CHOICE CREDIT UNION UPON THE MERGER, NAMES ARE AS FOLLOWS:DAVID ITZ, PAUL LOVE, FRED STAHELIN, BILLIE NEELY, THOMAS SMITH, JACK BARTELL, AND JAMES HARKRIDER, JR.MELISSA DOMINGUES, CFO, AND DEBRA LITTLE, SVP OF FIRST SERVICE CREDIT UNION BECAME EMPLOYEES OF RIGHT CHOICE CREDIT UNION UPON THE MERGER. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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 | THE CFO AND CEO REVIEW FORM 990, ALONG WITH THE BOARD OF DIRECTORS, PRIOR TO FILING THE RETURN WITH IRS. | |
| THE VP OF INTERNAL AUDIT/COMPLIANCE ASKS THE STAFF ON A MONTHLY BASIS IF THERE HAVE BEEN ANY ISSUES CAUSING CONFLICTS OF INTEREST. ADDITIONALLY, STAFF ARE ENCOURAGED TO CONTACT THE VP OF INTERNAL AUDIT/COMPLIANCE IF THEY HAVE AN ISSUE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE HR DEPARTMENT CONDUCTS COMPENSATION SURVEYS FOR EACH POSITION AND DETERMINES A RANGE BASED ON LEVEL OF RESPONSIBILITY WITHIN THE CREDIT UNION. THEN, EACH EMPLOYEE RECEIVES AN ANNUAL REVIEW, AND THEY RECEIVE A PAY INCREASE IF THEIR REVIEW SCORE IS WITHIN A RANGE THAT ALLOWS FOR AN INCREASE. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THERE IS A NOTICE ON THE CREDIT UNION'S WEBSITE STATING THE GOVERNING DOCUMENTS ARE AVAILABLE FOR MEMBERS TO REVIEW BY CONTACTING THE CREDIT UNION. A LINK TO THE CREDIT UNION'S ANNUAL REPORT IS ALSO ON THE WEBSITE, AND THE STATEMENT OF FINANCIAL CONDITION IS DISPLAYED IN EACH OF CREDIT UNION'S LOBBIES. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | MERGER WITH RIGHT CHOICE CREDIT UNION ON 12/31/2010 -14,919,408. TOTAL TO FORM 990, PART XI, LINE 5: -14,919,408. | FORM 990, PART XI, LINE 5: |
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