2024-05-09T09:54:12-07:00 2023-12-31 990 2023-01-01 741321144 ASSOCIATED CREDIT UNION OF TEXAS ASSO 4099454474 PO Box 9004 League City TX 77574 Cynthia Soto VP of Accounting 4099454474 2024-05-07 Cynthia Soto 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Clay Franks PO Box 9004 League City TX 77574 41493216 0 X www.acutx.org X not for profit 1948 TX To offer progressive, quality financial services responsive to the members/owners. The credit union is dedicated to providing these services in a caring, professional manner while maintaing a strong financial basis. 44479 44479 193 8 0 0 0 0 25006850 31845907 1540938 1919651 7412226 7727658 33960014 41493216 0 0 1639769 4602106 12961471 13732070 0 0 0 17084974 21463664 31686214 39797840 2273800 1695376 512223192 532214460 8718036 9574124 503505156 522640336 To offer progressive quality financial services responsive to the members. The credit union is dedicated to providing these services in a caring professional manner while maintaining a strong financial basis. 0 0 Dividends paid to members None None 39797840 All credit union functions 39797840 0 0 39797840 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 1 0 0 193 1 0 0 0 0 0 0 0 0 X 44479 44479 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 TX X Charis Pollard 4099454474 PO Box 9004 League City TX 77574 Jack Click Chief Executive Officer 40 X X 454520 0 0 Clay Franks President 40 X 377203 0 0 Charis Pollard Chief Human Resource Officer 40 X 295128 0 0 David DeAnda Chief Legal Officer 40 X 290887 0 0 Jay Coppock Chief Operations Officer 40 X 283557 0 0 Kyle Dickson Board Member 2 X 0 0 0 Bruce Terry Board Member 2 X 0 0 0 John Blair Board Chairman 5 X 0 0 0 Mark Kline Board Member 2 X 0 0 0 Mark Rodriguez Board Member 2 X 0 0 0 Joel Mueller Board Vice Chairman 2 X 0 0 0 Kent Postma Board Secretary 2 X 0 0 0 Cris Crixell Board Treasurer 2 X 0 0 0 1701295 0 0 11 0 1 0 0 0 Fee Income 522130 4083981 4083981 0 0 Loan Interest 522291 27761926 27761926 0 0 0 0 0 0 31845907 1919651 1919651 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110183 0 110183 110183 0 0 Misc Operating Income 900099 7617475 7617475 0 0 0 0 0 0 7617475 41493216 41493216 0 0 0 0 0 0 0 0 4602106 4602106 1701296 1701296 0 0 0 0 0 0 9031624 9031624 0 0 1192754 1192754 0 0 1112418 1112418 0 0 693978 693978 0 0 1568124 1568124 0 0 55440 55440 0 0 90990 90990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 804996 804996 0 0 1961341 1961341 0 0 1261075 1261075 0 0 0 0 0 0 2247929 2247929 0 0 0 0 0 0 0 0 0 0 270330 270330 0 0 64616 64616 0 0 0 0 0 0 763894 763894 0 0 217792 217792 0 0 Provision for loan loss 8444753 8444753 0 0 Loan Servicing Expense 3181748 3181748 0 0 Misc Operating Expenses 530636 530636 0 0 39797840 39797840 0 0 4923017 5270977 21622088 24741531 192960 494269 1491982 2037396 2195601 2355006 36757144 20208698 17410112 16548446 57543794 49975417 406843638 430791418 512223192 532214460 8718036 9574124 8718036 9574124 X 503505156 522640336 0 0 503505156 522640336 512223192 532214460 X 1695376 0 0 0 0 17439804 X 1 X 1 X 0 0 3694904 0 3694904 23583696 0 11179108 12404588 0 0 0 0 9478544 0 9029590 448954 0 0 0 0 16548446 X 1 1 X 0 1 0 Jack Click Chief Executive Officer 375157 0 74928 0 4435 0 68265 0 17499 0 540284 0 0 Clay Franks President 311151 0 62839 0 3213 0 49390 0 13267 0 439860 0 0 Jay Coppock Chief Operations Officer 235005 0 47223 0 1328 0 110780 0 8159 0 402495 0 David DeAnda Chief Legal Officer 240771 0 48787 0 1328 0 107682 0 8494 0 407062 0 Charis Pollard Chief Human Resource Officer 245386 0 48414 0 1328 0 74484 0 244 0 369856 0 Schedule J, Part I, Line 1a Board members are allowed to travel for companions. Schedule J, Part I, Line 3 Independent compensation consultant performs salary study every other year. Schedule J, Part I, Line 4 An unvested SERP exists. No payments were earned or paid in 2023. Form 990, Part VI, Section A, Line 6 All account holders are ACUTX credit union members. Form 990, Part VI, Section A, Line 7a All credit union members are voting members to elect board of directors. Form 990, Part VI, Section B, Line 11b Form 990 may be reviewed upon request. Form 990, Part VI, Section B, Line 12c ACU's Legal and Compliance department monitors the compliance of all policies. Form 990, Part VI, Section B, Line 15 ACU conducts a salary compensation review every other year. The study is conducted by an independent company. Form 990, Part VI, Section C, Line 19 All documents and/or policies may be reviewed upon request at ACU's corporate office located at 1095 W. League City Parkway, League City, TX 77573 Form 990, Part XI, Line 9 Increase in retained earnings