2023-05-14T14:28:37-07:00 2022-12-31 GREG R SCHMIDTCPA 2 Baltusrol AMARILLO TX 79124 990 2022-01-01 750693720 Education Credit Union EDUC 8063587777 6203 Hillside Rd Amarillo TX 79109 Marcus Smith CEO 8063587777 2023-05-04 true Marcus Smith XXX-XX-XXXX true Greg R Schmidt CPA P00850502 8552759297 2023-05-14 X 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Marcus Smith 6203 Hillside Amarillo TX 79109 29329321 false X N/A X 1935 TX To be the preferred financial services provider for our membership 9 9 164 9 82100 0 0 15602405 17796358 235181 650037 9110198 10882926 24947784 29329321 0 0 9824247 11428717 0 0 11163517 15152782 20987764 26581499 3960020 2747822 372921593 421777858 327493980 374932010 45427613 46845848 To be the preferred financial services provider for our membership false false ECU offers its members federally isured certificates of deposit at competitive rates. ECU offers share and deposit products that include savings, checking, health savings, and money market accounts. ECU offers IRA products that are federally insured up to $250,000 per depositor, at competitive rates false 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 true false true false false false false false false false false false false false false true 4241 0 true 164 true false false false false false false X 9 9 false false false false true true false true true false false true true true true true true true true false ECU Operations Center 8063587777 6203 Hillside Amarillo TX 79109 Daniel Coward Chairman 1.00 X X 0 0 0 Linda Purdy Vice Chair 1.00 X X 0 0 0 Kel Spradling Secretary 1.00 X X 0 0 0 Leonida Cleveland Treasurer 1.00 X X 0 0 0 Jimmy Marrs Director 1.00 X 0 0 0 Buddy Stephens Director 1.00 X 0 0 0 Cody Myers Director 1.00 X 0 0 0 Duane Chapman Director 1.00 X 0 0 0 Steve West Director 1.00 X 0 0 0 Marcus Smith President/CEO 40.00 X X 357585 0 50988 Claudia Burkett Executive VP 40.00 X X 512655 0 47533 Eric Jenkins Former CEO 40.00 X X 512486 0 47811 Jacque Bagot Sr VP of Information Sys 40.00 X X 284458 0 33103 Melissa Durling VP of Lending 40.00 X X 153942 0 18020 Amy Hamilton VP Lending 40.00 X X 166660 0 23931 Johnny Harris VP Branch Operations 40.00 X 151824 0 22695 Lindsey Murphy VP Marketing 40.00 X 138032 0 25272 Beth Ashe VP Member Exp. 40.00 X 136388 0 20826 William Glass VP of Operations 40.00 X 167803 0 24260 Adrian Aleandre VP Mortgage Lending 40.00 X 153879 0 13668 2735712 0 328107 11 false true false Interest from Members 522130 17796358 0 0 17796358 650037 0 0 Fee Income 522100 9838020 9755920 82100 0 Other Revenue 522100 1044906 1044906 0 0 10882926 29329321 29247221 82100 0 2735712 2735712 0 0 6200061 6200061 0 0 723907 723907 0 0 1141176 1141176 0 0 627861 627861 0 0 12864 12864 0 0 44846 44846 0 0 1265533 1265533 0 0 1227327 1227327 0 0 4800206 4800206 0 0 680028 680028 0 0 277355 277355 0 0 927480 927480 0 0 133842 133842 0 0 Dues 89739 89739 0 0 Loan Servicing 1329001 1329001 0 0 Provision for Loan Loss 2248257 2248257 0 0 Dividends Paid 1973881 1973881 0 0 142423 142423 0 0 26581499 26581499 0 0 1749557 3806355 18716536 28473107 786749 505158 296587700 337310845 1078556 1320505 33544282 11650262 15200571 21894020 15689520 11728132 4749604 1254000 18362800 15485736 372921593 421777858 6539061 4549958 10000000 20000000 310954919 350382052 327493980 374932010 X 45427613 46845848 45427613 46845848 372921593 421777858 2747822 -1329587 X false true X true false 3070834 3070834 13776023 3889686 9886337 16697425 7760576 8936849 21894020 Jumbo CDs 498000 C FHLB Stock 756000 C 1254000 Member Shares and Deposits 350382052 350382052 false false false Marcus Smith 300505 0 57080 0 0 0 30151 0 20837 0 408573 0 0 0 Claudia Burkett 428339 0 84316 0 0 0 30500 0 17033 0 560188 0 0 0 Eric Jenkins 411561 0 100925 0 0 0 30500 0 17311 0 560297 0 0 0 Jacque Bagot 229507 0 54951 0 0 0 22951 0 10152 0 317561 0 0 0 Melissa Durling 137387 0 16555 0 0 0 13739 0 4281 0 171962 0 0 0 Amy Hamilton 149302 0 17358 0 0 0 14930 0 9001 0 190591 0 0 0 Johnny Harris 132330 0 19494 0 0 0 13233 0 9462 0 174519 0 0 0 Lindsey Murphy 119901 0 18131 0 0 0 11990 0 13282 0 163304 0 0 0 Beth Ashe 119633 0 16755 0 0 0 11963 0 8863 0 157214 0 0 0 William Glass 150832 0 16971 0 0 0 15113 0 9147 0 192063 0 0 0 Adrian Aleandre 143845 0 10034 0 0 0 4495 0 9001 0 167375 0 0 0 Pt I Line 4b Eric Jenkins,Claudia Burkett, and Marcus Smith participate in a SERP retirement plan Johnny Harris VP Branch Autos X 88791 69066 false true true Jimmy Marrs Director Secured X 51607 33032 false true true Adrian Alajandre Executive Auto X 42775 42775 false true true Claudia Burkett Exec. VP RE and Auto X 36919 26255 false true true Cody Myers Director Secured X 29700 16524 false true true Jacque Bagot Executive Secured X 10000 9742 false true true Marcus Smith CFO RE and Auto X 415849 288930 false true true Duane Chapman Vice Chair Auto X 40819 13893 false true true Linda Purdy Board Auto X 8368 4941 false true true 505158 Pt VI, Line 6 The credit union is wholly owned by its members Pt VI, Line 7a Three of the nine Board positions are voted on annually Pt VI, Line 11b This form was made available for the Board to review Pt VI, Line 12c Board members swear under oath that they are not involved Pt VI, Line 12c in any activity that would create a conflict of interest Pt VI, Line 15a The credit union employs an outside firm to review compensation Pt VI, Line 15b The credit union employs an outside firm to review compensation