2023-11-13T12:51:00-06:00 2022-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2022-01-01 750225045 CREDIT UNION OF TEXAS CRED 9722639497 900 W BETHANY DRIVE 500 ALLEN TX 75013 KERRY WHITSON CHIEF FINANCIAL OFFICER 9722639497 2023-11-13 1 KERRY WHITSON 999009999 0 JOHN J MURNANE JR P03021572 3052328272 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VANCE E POINTER 900 W BETHANY DRIVE 500 ALLEN TX 75013 136597768 0 2742 X WWW.CUTX.ORG X 1931 TX WE PROVIDE VARIOUS FINANCIAL PRODUCTS INCLUDING CONSUMER LOANS, LEASES, AND REAL ESTATE LOANS. SAVINGS PRODUCTS INCLUDE SHARES, SHARE DRAFTS, MONEY MARKET ACCOUNTS, CDS AND IRAS. 10 10 804 10 96081 0 0 0 110790809 128899423 185291 949968 3613586 6703734 114589686 136553125 373025 440647 1092792 1251716 37642980 46200382 0 0 0 50456223 70365726 89565020 118258471 25024666 18294654 1777913030 2425361703 1613322718 2245930917 164590312 179430786 TO BE THE TRUSTED FINANCIAL PARTNER FOR OUR MEMBERS AND OUR COMMUNITY. WE STRIVE TO IDENTIFY OUR MEMBERS' NEEDS AND OFFER PROGRESSIVE SOLUTIONS BY OFFERING COMPETITIVE PRODUCTS AND PRICES TO ALLOW MEMBERS TO REACH THEIR GOALS. 0 0 CONSUMER LOANS AND LEASES: CREDIT UNION OF TEXAS OFFERS VARIOUS CONSUMER LOAN PRODUCTS TO OUR MEMBERS. THESE ARE CLOSED-END LOANS THAT INCLUDE NEW AND USED AUTOMOBILES, MOTORCYCLES, BOATS AND RECREATIONAL VEHICLES AND MOTOR HOMES AS WELL AS UNSECURED LOANS AND CREDIT CARDS, AND AUTOMOBILE LEASES. VARIOUS INSURANCE PROGRAMS ARE ALSO OFFERED ON THESE PRODUCTS. CERTIFICATES OF DEPOSITS (CDS) AND INDIVIDUAL RETIREMENT ACCOUNT CERTIFICATES (IRAS): CREDIT UNION OF TEXAS OFFERS CDS AND IRAS FOR OUR MEMBERS TO INVEST IN BOTH SHORT AND LONG TERM INVESTMENT VEHICLES AT A GUARANTEED RATE OF RETURN. INTEREST RATES ARE TYPICALLY COMPETITIVE, COMPOUNDED, AND CREDITED MONTHLY. SHARE ACCOUNTS: CREDIT UNION OF TEXAS HAS A MINIMUM $5.00 SHARE ACCOUNT BALANCE REQUIREMENT AND A ONE TIME $10.00 MEMBERSHIP FEE. MEMBER SHARE ACCOUNTS MAY PAY A MONTHLY DIVIDEND. THESE "SAVINGS" ACCOUNTS ARE PAID A COMPETITIVE RATE TO BENEFIT OUR MEMBERS. CREDIT UNION OF TEXAS HAD APPROXIMATELY 158,000 MEMBERS AS OF DECEMBER 31, 2022. SPECIAL SHARE ACCOUNTS ARE AVAILABLE FOR CHILDREN, SPECIAL OCCASIONS, AND HOLIDAY SAVINGS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 18200 0 1 804 1 1 1 0 0 0 0 0 1 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 X KERRY WHITSON 9723011841 900 W BETHANY DRIVE STE 500 ALLEN TX 75013 ADRIAN WILLIAMS BOD MEMBER 1.00 X 48000 0 0 JERRY D CHRISTIAN BOD MEMBER 1.00 X 43792 0 0 MARELOU M CISNEROS BOD SECRETARY 1.00 X 51049 0 0 JANIE WORST CHAIRPERSON 1.00 X 52775 0 0 TROY A MATHIEU BOD VICE CHAIRPERSON 1.00 X 45963 0 0 CHRIS L WHITE BOD MEMBER 1.00 X 47107 0 0 ANTHONY U BARBER BOD MEMBER 1.00 X 48868 0 0 RAFAEL C DIAZ BOD TREASURER 1.00 X 46600 0 0 BRIAN HARVEY BOD MEMBER 1.00 X 0 0 0 RANDALL CHADDICK BOD MEMBER 1.00 X 46250 0 0 VANCE E PONTER PRESIDENT AND CEO 40.00 X 1500646 0 534429 KERRY J WHITSON CHIEF FINANCIAL OFFICER 40.00 X 298432 0 131990 BLAKE RICHARDSON EXECUTIVE VP 40.00 X 997140 0 404334 JAMES W POST CHIEF OPERATIONS OFFICER 40.00 X 319942 0 67841 COURTNEY L COSS CHIEF RETAIL OFFICER 40.00 X 315045 0 109895 ANGELA M FAUST SVP CHIEF OPERATIONS OFFICER 40.00 X 440942 0 204217 ADRIAN MELENDEZ CHIEF TECHNOLOGY OFFICER 40.00 X 252115 0 71904 MICHAEL VINING CHIEF INFORMATION OFFICER 40.00 X 307740 0 151260 ROCKY A MUNIZ-GONZALEZ CHIEF INVESTMENT OFFICER 40.00 X 281427 0 23917 EDWIN F ARMY CHIEF MARKETING/ENGAGEMENT OFFICER 40.00 X 348622 0 29985 BARRY R SMITH PRESIDENT EASTERN TEXAS 40.00 X 286975 0 54450 CHRISTOPHER D MURPHY VP OPERATIONAL RISK 40.00 X 257739 0 31322 CARRIE B HOAGENSON VP CONSUMER LENDING 40.00 X 321361 0 48117 MATTHEW E STEWART MORTGAGE LOAN ORIGINATOR 40.00 X 303414 0 33973 RICHARD B WHITMAN PRESIDENT TEXAS MORTGAGE LENDING 40.00 X 246762 0 17218 BILL BEAUCHENE VP SALESFORCE STRATEGY AND SUPPORT 40.00 X 232704 0 43064 7141410 0 1957916 111 0 1 0 HAMILTON VAULTRONICS 1050 N GROVE RD RICHARDSON TX 75081 ATM / ITM SERVICES 1520870 OLDEN LANE INC 100 SOMERSET CORPORATE BLVD SUITE 1 BRIDGEWATER NJ 08807 FINANCE PROFESSIONAL FEES 510000 GATEWAY PARTNERS LLC 12740 HILLCREST RD SUITE 101 DALLAS TX 75230 LEASE PROPERTY-RENT 477906 CHARTER COMMUNICATIONS HOLDINGS LLC PO BOX 60074 CITY OF INDUSTRY CA 91716 INTERNET SERVICES 444089 MNET LLC 540 W FRONTAGE ROAD SUITE 2115 NORTHFIELD IL 60093 PHONE SERVICE 343919 21 INTEREST ON LOANS 522100 79496247 79496247 MEMBERS FEES & CHARGES 522100 18662875 18662875 SERVICE REIMBURSEMENT 522100 13668158 13668158 ATM/DEBIT INCOME 522100 9824374 9824374 INSURANCE PRODUCTS 524298 7151688 7151688 96081 96081 128899423 940135 940135 429383 36976 392407 392407 392407 17500 7667 9833 9833 9833 OTHER INCOME 522100 6311327 6311327 6311327 136553125 136457044 96081 0 X 405573 35074 1251716 7563652 30043440 1067091 4108871 3417328 4500 654556 190449 1260 10404906 6015309 4562529 9219181 7516978 736623 207592 14225702 6628080 LOAN SERVICING EXPENSE 3919685 MISCELLANEOUS EXPENSE 3162880 PROVISION FOR LOAN LOSS 2650954 DEBIT CARD WRITE OFFS 181686 82856 118258471 14213242 13466397 140410882 80629743 12816399 5993802 1354420041 2002578173 7120653 10080746 107924349 50057476 38643979 57866873 29632177 20975295 103412218 128352795 77243439 105417879 1777913030 2425361703 49833067 94133571 315000000 10000000 24474627 1553489651 1812322719 1613322718 2245930917 X 0 0 0 0 164590312 179430786 164590312 179430786 1777913030 2425361703 18294654 -3454180 0 X X 0 1 X 1 0 6762985 6762985 30933611 11211615 19721996 22160058 8039979 14120079 48067695 30805882 17261813 57866873 106052594 C FHLB STOCK 16000700 C INVESTMENT IN OFFICE 3605000 C INVESTMENT IN PSCU 444501 C INVESTMENT IN TBLG, LLC 100000 C INVESTMENT IN TML 1250000 C INVESTMENT IN CORP ONE 900000 C 128352795 SHARE DRAFT 64355648 SHARES 976916296 MONEY MARKET 114375933 IRA SHARES 91329251 CERTIFICATES 565345591 1812322719 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. 1 BIG BROTHERS BIG SISTERS LONE STAR 450 E JOHN CARPENTER FWY SUITE 300 IRVING TX 75062 750800632 501(C)(3) 7000 0 CHARITABLE CONTRIBUTION CEDAR HILL ISD EDUCATION FOUNDATION 285 UPTOWN BLVD BUILDING 300 CEDAR HILL TX 75104 352177401 501(C)(3) 9500 0 CHARITABLE CONTRIBUTION DELTA SIGMA THETA SORORITY INC PO BOX 226601 DALLAS TX 75222 752462090 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION DFW HUMANE SOCIETY 4140 VALLEY VIEW LN IRVING TX 75038 751433154 501(C)(3) 10475 0 CHARITABLE CONTRIBUTION GLOBAL EMPOWERMENT MISSION 1810 NW 94TH AVE MIAMI FL 33172 453782061 501(C)(3) 75000 0 CHARITABLE CONTRIBUTION LIVE EAST TEXAS 1475 FAWN CROSSING RD GILMER TX 75644 833100277 501(C)(3) 20000 0 CHARITABLE CONTRIBUTION MCKINNEY FAMILY YMCA 300 RIDGE RD MCKINNEY TX 75072 750800696 501(C)(3) 17500 0 CHARITABLE CONTRIBUTION SOUTHERN METHODIST UNIVERSITY COX ALUMNI ASSOCIATION 3140 DYER ST MS261 DALLAS TX 75275 750800689 501(C)(3) 25000 0 CHARITABLE CONTRIBUTION ST JOSEPHS COMMUNITY FOUNDATION 2800 LAMAR AVE PARIS TX 78460 421619230 501(C)(3) 11297 0 CHARITABLE CONTRIBUTION STAND FOR THE SILENT 6918 W 128TH PERKINS OK 74059 452317929 501(C)(3) 5200 0 CHARITABLE CONTRIBUTION STREETSIDE SHOWERS INC PO BOX 2623 MCKINNEY TX 75070 822043901 501(C)(3) 150000 0 CHARITABLE CONTRIBUTION 11 0 SCHOLARSHIPS 11 35074 FORM 990, SCH I, PART I, LINE 1 DONATIONS TO ORGANIZATIONS ARE CONSIDERED CHARITABLE DONATIONS, NOT GRANTS. THEREFORE, THERE IS NO MONITORING AFTER DISBURSEMENT. A DESIGNATED HUMAN RESOURCES EMPLOYEE OVERSEES THE SCHOLARSHIP PAYMENTS TO THE RESPECTIVE COLLEGE OR UNIVERSITY. THE SELECTION AND AWARD PROCESS IS OVERSEEN BY A SCHOLARSHIP COMMITTEE. GUIDELINES ARE ESTABLISHED FOR THE POST GRADUATE EDUCATION SCHOLARSHIP. SCHOLARSHIP RECIPIENTS PROVIDE PROOF OF ENROLLMENT AT A COLLEGE OR UNIVERSITY. SINCE PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE OR UNIVERSITY, THERE IS NO MONITORING BY THE CREDIT UNION SUBSEQUENT TO DISBURSEMENT. FORM 990, SCH I, PART III THE SELECTION AND AWARD PROCESS IS OVERSEEN BY A SCHOLARSHIP COMMITTEE. GUIDELINES ARE ESTABLISHED FOR THE POST GRADUATE EDUCATION SCHOLARSHIP. SCHOLARSHIP RECIPIENTS PROVIDE PROOF OF ENROLLMENT AT A COLLEGE OR UNIVERSITY. A DESIGNATED HUMAN RESOURCES EMPLOYEE OVERSEES THE SCHOLARSHIP PAYMENTS TO THE RESPECTIVE COLLEGE OR UNIVERSITY. X X 1 1 X X X X X 0 1 0 VANCE E PONTER PRESIDENT AND CEO 1130246 0 29120 0 341280 0 505574 0 28855 0 2035075 0 255188 0 BLAKE RICHARDSON EXECUTIVE VP 642085 0 13440 0 341615 0 380238 0 24096 0 1401474 0 286507 0 ANGELA M FAUST SVP CHIEF OPERATIONS OFFICER 280260 0 84169 0 76513 0 179256 0 24961 0 645159 0 51865 0 MICHAEL VINING CHIEF INFORMATION OFFICER 244024 0 44732 0 18984 0 107675 0 43585 0 459000 0 0 0 KERRY J WHITSON CHIEF FINANCIAL OFFICER 223906 0 46352 0 28174 0 100975 0 31015 0 430422 0 0 0 COURTNEY L COSS CHIEF RETAIL OFFICER 224054 0 40412 0 50579 0 99226 0 10669 0 424940 0 0 0 JAMES W POST CHIEF OPERATIONS OFFICER 247070 0 43123 0 29749 0 34777 0 33064 0 387783 0 0 0 EDWIN F ARMY CHIEF MARKETING/ENGAGEMENT OFFICER 263917 0 55226 0 29479 0 9145 0 20840 0 378607 0 0 0 CARRIE B HOAGENSON VP CONSUMER LENDING 183351 0 130112 0 7898 0 13083 0 35034 0 369478 0 0 0 BARRY R SMITH PRESIDENT EASTERN TEXAS 244121 0 35708 0 7146 0 10398 0 44052 0 341425 0 0 0 MATTHEW E STEWART MORTGAGE LOAN ORIGINATOR 52495 0 249868 0 1051 0 7977 0 25996 0 337387 0 0 0 ADRIAN MELENDEZ CHIEF TECHNOLOGY OFFICER 198135 0 36445 0 17535 0 30910 0 40994 0 324019 0 0 0 ROCKY A MUNIZ-GONZALEZ CHIEF INVESTMENT OFFICER 230865 0 40551 0 10011 0 6601 0 17316 0 305344 0 0 0 CHRISTOPHER D MURPHY VP OPERATIONAL RISK 198277 0 34882 0 24580 0 11341 0 19981 0 289061 0 0 0 BILL BEAUCHENE VP SALESFORCE STRATEGY AND SUPPORT 197930 0 28567 0 6207 0 10797 0 32267 0 275768 0 0 0 RICHARD B WHITMAN PRESIDENT TEXAS MORTGAGE LENDING 216696 0 14846 0 15220 0 8414 0 8804 0 263980 0 0 0 PART I, LINE 4B HIGHLY COMPENSATED EMPLOYEES ARE PROVIDED THE OPPORTUNITY TO PARTICIPATE IN THE COMPANY SPONSORED 457(B) PLAN. ALL FUNDS IN THE 457(B) PLAN ARE FROM VOLUNTARY DEFERRALS AND NO COMPANY FUNDS ARE ADDED OR MATCHED TO THE DEFERRAL. CERTAIN EXECUTIVE EMPLOYEES PARTICIPATE IN A COMPANY SPONSORED 457(F) PLAN PURSUANT TO A WRITTEN PLAN DOCUMENT AND PARTICIPANT AGREEMENT. THE PARTICIPANTS AND THE BENEFIT LIABILITY RECORDED FOR EACH/AMOUNT PAID OUT AS OF/DURING THE YEAR ENDED DECEMBER 31, 2022 IS AS FOLLOWS: PAYOUTS DURING 2022: VANCE E. POINTER: $255,188 (EXE 457(F)) BLAKE T. RICHARDSON: $286,507 (EXE 457(F)) ANGELA M. FAUST: $51,865 (ESRP) ACCRUED DEFERRED COMPENSATION LIABILITY AS OF 12/31/22: VANCE E. POINTER (EXE 457(F)) $1,675,316 BLAKE T. RICHARDSON (EXE 457(F)) $1,180,954 J.W. POST (ESRP) $221,969 C. COSS (ESRP) $172,237 A. FAUST (ESRP) $213,412 M. VINING (ESRP) $133,500 K. WHITSON (ESRP) $175,852 A. MELENDEZ (ESRP) $18,874 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAD A $5.00 SHARE ACCOUNT REQUIREMENT TO JOIN. BOARD OF DIRECTORS VOTED ON BY MEMBERS AS REQUIRED DURING ANNUAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS VOTED ON BY MEMBERS AS REQUIRED DURING ANNUAL MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 AFTER COMPLETION. FORM 990, PART VI, SECTION B, LINE 15 CEO'S COMPENSATION DETERMINED BY THE BOARD OF DIRECTORS COMPENSATION COMMITTEE USING MARKET DATA AND PERFORMANCE REVIEWS. COMMITTEE PRESENTS A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. OTHER OFFICERS AND KEY EMPLOYEES' COMPENSATION DETERMINED BY THE CEO USING MARKET DATA AND PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON WWW.NCUA.GOV VIA THE QUARTERLY 5300 FILING. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 10,404,906. FORM 990, PART IX, LINE 24E CHECKING ACCOUNT REFERRAL PROGRAMS 82,856. FORM 990, PART XIII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. CREDIT UNION OF TEXAS CHARITABLE FOUNDATION 900 W BETHANY RD STE 500 ALLEN TX 75013 871159287 CHARITABLE FOUNDATION TX 501(C)(3) PF CREDIT UNION OF TEXAS 0 TEXAS MORTGAGE LENDING LLC 415 CENTURY PKWY SUITE 1100 ALLEN TX 75013 820953703 MORTGAGE ORIGINATIONS & SALES TX RELATED 12410 1293694 0 0 0.50000 DTCU SERVICES INC 415 CENTURY PKWY SUITE 1150 ALLEN TX 75013 752623129 HOLDING COMPANY TX CREDIT UNION OF TEXAS C 1699158 1.00000 1 CREDIT UNION SERVICES INC 415 CENTURY PKWY SUITE 1150 ALLEN TX 75013 752623130 LEASING TX DTCU SERVICES INC C 22197350 95682559 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 CREDIT UNION SERVICES INC A 45420 GENERAL LEDGER CREDIT UNION SERVICES INC D -8743888 LOAN BALANCE PAID DOWN CREDIT UNION SERVICES INC J 333181 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC J 114061 GENERAL LEDGER CREDIT UNION SERVICES INC N 829453 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC N 1204379 GENERAL LEDGER CREDIT UNION SERVICES INC O 820928 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC O 1195211 GENERAL LEDGER CREDIT UNION SERVICES INC P 561596 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC P 3278664 GENERAL LEDGER CREDIT UNION SERVICES INC Q 7155910 GENERAL LEDGER TEXAS MORTGAGE LENDING LLC Q 4717490 GENERAL LEDGER