2024-07-02T15:17:27-05:00 2023-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2023-01-01 750796472 FORT WORTH COMMUNITY CREDIT UNION FORT 8178355000 PO BOX 210848 BEDFORD TX 76095 DIANE DORSEY PRESIDENT/CEO 8178355000 2024-07-02 1 DIANE DORSEY 999009999 1 REBECCA A RODRIGUEZ P01073764 2108286281 2024-07-02 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DIANE DORSEY PO BOX 210848 BEDFORD TX 76095 63951580 0 X WWW.FTWCCU.ORG X 1940 TX THRIFT SAVINGS AND BORROWING FOR MEMBERS. THE CREDIT UNION IS REGULATED BY THE STATE OF TEXAS. THE CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. THE CREDIT UNION OFFERS PRODUCTS AND SERVICES IN FOUR PRIMARY AREAS: SHARE ACCOUNTS, CHECKING ACCOUNTS, CONSUMER LOANS AND REAL ESTATE LOANS. 9 9 215 9 47763 0 0 0 46168919 48236645 4837049 12293111 145427 614301 51151395 61144057 0 0 0 0 16754967 16838371 0 0 0 21632220 37612038 38387187 54450409 12764208 6693648 1225093160 1206269215 1116571285 1091053692 108521875 115215523 TO PROMOTE THRIFT SAVINGS AND BORROWING. 0 0 SHARE ACCOUNTS - OUR SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS - OUR CHECKING ACCOUNTS PROVIDE VARIOUS FEATURES FOR CONSUMERS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THOSE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. CONSUMER LOANS - OUR CONSUMER LOANS PROVIDE ALL TYPES OF LOANS. THE FOLLOWING TYPES OF LOANS ARE AVAILABLE: VEHICLES, RECREATIONAL VEHICLES, MORTGAGES, SIGNATURE, HOME EQUITY, CREDIT CARDS, SECURED LOANS, ETC. THE CREDIT UNION PROVIDES HOME EQUITY LOANS ALONG WITH MORTGAGE LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 19562 0 1 215 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 0 0 1 1 0 0 X DIANE DORSEY 8178355000 1905 FOREST RIDGE DRIVE BEDFORD TX 76021 CHARLES REDDING BOARD MEMBER-VICE CHAIR 2.00 X X 2602 0 0 LEIGHTON WATERS BOARD MEMBER 2.00 X 2522 0 0 JOSEPH LOZANO BOARD MEMBER 2.00 X 1893 0 0 MICHAEL CLARDY BOARD MEMBER-SECRETARY-TREASURER 2.00 X X 1500 0 0 JANICE GRACZYK BOARD MEMBER 2.00 X 1375 0 0 TUNISIA SADRUDDIN BOARD MEMBER-VICE CHAIR 2.00 X X 1375 0 0 CHASITY CRAWLEY BOARD MEMBER 2.00 X 1250 0 0 TOMAS TIJERINA BOARD MEMBER 2.00 X 1250 0 0 NEAL OLIVER BOARD MEMBER (UNTIL 4/25/23) 2.00 X 621 0 0 LOUISE MOLINAR BOARD MEMBER 2.00 X 0 0 0 HERBERT SIMS BOARD MEMBER (UNTIL 4/25/23) 2.00 X 1000 0 0 DIANE DORSEY PRESIDENT/CEO 40.00 X 459583 0 52429 MICHAEL FRANKO SVP FINANCE 40.00 X 335971 0 36642 KYLE KOKE SVP LENDING 40.00 X 313712 0 32838 TAMMY TRUDELLE VP HUMAN RESOURCES 40.00 X 276042 0 40139 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MANAGEMENT 40.00 X 190964 0 39247 NEIL SPENCER VP SUPPORT SERVICES 40.00 X 169455 0 44728 KAREN MARTINEZ VP OPERATIONS 40.00 X 166578 0 34580 BRANDY SCARLETT VP MARKETING 40.00 X 136683 0 42343 MERRILL CURRIER VP INFORMATION SERVICES 40.00 X 114065 0 16873 MATT MEYERS VP OF INFO SVCS (UNTIL APR 2023) 40.00 X 76167 0 10825 KOSTAS LEUCKER INVESTMENT CONSULTANT 40.00 X 280673 0 53335 GINDA ABRAHAM AVP ACCOUNTING 40.00 X 163392 0 23042 SHELIA HAILEY AVP REAL ESTATE 40.00 X 124333 0 31390 LISA PIPPIN AVP LENDING 40.00 X 126423 0 20662 TERRI BOOP AVP BRANCH OPERATIONS 40.00 X 134459 0 9546 3083888 0 488619 18 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 WEBSITE 1123284 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 SOFTWARE SERVICES 928001 FISERV PO BOX 208457 DALLAS TX 753208457 SOFTWARE SERVICES 823639 LANVERA LTD 112 WRANGLER DR STE 150 COPPELL TX 75019 MAILING SERVICE 446382 MBM ROOFING PO BOX 736 WAXAHACHIE TX 75168 CONSTRUCTION 361494 16 INTEREST ON LOANS 522100 37276980 37276980 LOAN FEE INCOME 522100 8020301 8020301 MEMBER FEES & CHARGES 522100 2939364 2891601 47763 48236645 12237028 12237028 2863474 132 2805402 2121 58072 -1989 56083 56083 GAIN ON INVESTMENT 900999 449604 449604 MISCELLANEOUS 522100 164697 164697 614301 61144057 48803183 47763 12293111 3821093 9118717 660895 2362423 875243 5273544 34958 532376 659088 1938978 1268068 1408471 111708 15261335 1193863 409906 PROVISION FOR LOAN LOSS 7231257 LOAN SERVICING 1573866 MISCELLANEOUS EXPENSE 714620 54450409 4951401 4385613 119132206 145748365 839526 967354 19639360 19939160 806811935 722617508 3379824 5360564 41895968 16731624 25850944 25164344 233271672 270668465 11216292 11417842 1225093160 1206269215 13037410 11460893 1103533875 1079592799 1116571285 1091053692 X 0 0 0 0 108521875 115215523 108521875 115215523 1225093160 1206269215 6693648 0 X X 0 0 0 8613873 8613873 25121675 9869045 15252630 280037 257825 22212 7753338 6519030 1234308 127045 85724 41321 25164344 MEMBER SHARES 1079592799 1079592799 PART XI AND XII: FINANCIAL STATEMENTS ARE CURRENTLY AUDITED THROUGH JUNE 30, 2023. X X 1 1 X X X X 0 1 0 DIANE DORSEY PRESIDENT/CEO 426046 0 28389 0 5148 0 23028 0 29401 0 512012 0 0 0 MICHAEL FRANKO SVP FINANCE 299836 0 21616 0 14519 0 22207 0 14435 0 372613 0 0 0 KYLE KOKE SVP LENDING 272199 0 20113 0 21400 0 19268 0 13570 0 346550 0 0 0 KOSTAS LEUCKER INVESTMENT CONSULTANT 268727 0 11946 0 0 0 19397 0 33938 0 334008 0 0 0 TAMMY TRUDELLE VP HUMAN RESOURCES 252862 0 19448 0 3732 0 18347 0 21792 0 316181 0 0 0 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MANAGEMENT 171480 0 17864 0 1620 0 12743 0 26504 0 230211 0 0 0 NEIL SPENCER VP SUPPORT SERVICES 145821 0 16043 0 7591 0 11214 0 33514 0 214183 0 0 0 KAREN MARTINEZ VP OPERATIONS 140933 0 16963 0 8682 0 10958 0 23622 0 201158 0 0 0 GINDA ABRAHAM AVP ACCOUNTING 149517 0 12114 0 1761 0 10616 0 12426 0 186434 0 0 0 BRANDY SCARLETT VP MARKETING 117720 0 16187 0 2776 0 9041 0 33302 0 179026 0 0 0 SHELIA HAILEY AVP REAL ESTATE 110279 0 11853 0 2201 0 8237 0 23153 0 155723 0 0 0 PART I, LINE 1A *TRAVEL FOR COMPANIONS - ANY BOARD/AUDIT COMMITTEE MEMBER OR STAFF CAN APPLY TO TRAVEL FOR A CONFERENCE. TRAVEL IS FOR CREDIT UNIION BUSINESS. IF A SPOUSE OR GUEST GOES WITH THE PERSON, THEN IT IS TAXABLE FOR THAT PORTION ON A FORM 1099. EMPLOYEES HAVE TO REIMBURSE FOR GUESTS. *HEALTH OR SOCIAL CLUB DUES - THE PRESIDENT AND VP'S ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR HEALTH CLUB DUES UP TO $75 PER MONTH. THIS IS NOT SHOWN AS TAXABLE INCOME TO THESE EMPLOYEES. PART I, LINE 4B THE CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR CERTAIN EXECUTIVE OFFICERS OF THE CREDIT UNION. THE SERP WAS FUNDED WITH A SECURED SPLIT DOLLAR (SSD) DESIGN. THE CREDIT UNION ENTERED INTO AN AGREEMENT TO PURCHASE SSD INSURANCE POLICIES ON BEHALF OF CERTAIN EXECUTIVE OFFICERS. THE INSURANCE POLICIES ARE SUBJECT TO A COLLATERAL ASSIGNED BY THE CREDIT UNION AND SUBJECT TO CERTAIN VESTING REQUIREMENTS. THERE WERE NO PAYMENTS FROM THE SSD PLANS. SEE SCHEDULE L, PART II FOR ADDITIONAL DETAILS. RICHARD HOWDESHELL FORMER OFFICER FUND LIFE INSURANCE X 2861959 3040843 0 1 1 MICHAEL J FRANKO OFFICER FUND LIFE INSURANCE X 1118566 1188480 0 1 1 TAMMY TRUDELLE OFFICER FUND LIFE INSURANCE X 711815 756305 0 1 1 DIANE DORSEY OFFICER FUND LIFE INSURANCE X 2440599 2650910 0 1 1 ROCHELLE DRAKE FORMER OFFICER FUND LIFE INSURANCE X 1654678 1803754 0 1 1 KYLE KOKE OFFICER FUND LIFE INSURANCE X 1192008 1266512 0 1 1 CARL AUZENNE FORMER OFFICER FUND LIFE INSURANCE X 824369 875895 0 1 1 KAREN MARTINEZ OFFICER FUND LIFE INSURANCE X 994267 999069 0 1 1 VALERIE GROSSKURTH OFFICER FUND LIFE INSURANCE X 895092 898223 0 1 1 NEIL SPENCER OFFICER FUND LIFE INSURANCE X 622719 635091 0 1 1 BRANDY SCARLETT OFFICER FUND LIFE INSURANCE X 331821 333892 0 1 1 MARC RHODES FORMER OFFICER FUND LIFE INSURANCE X 4917838 5490186 0 1 1 19939160 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE AVP OF ACCOUNTING AND THE CEO OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD AND A COMPENSATION COMMITTEE AND COMPENSATION SURVEY IS USED ALONG WITH A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION DISPLAYS CURRENT FINANCIALS STATEMENTS AT EACH BRANCH. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2: FINANCIAL STATEMENTS ARE CURRENTLY AUDITED THROUGH JUNE 30, 2023. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS APPOINTED BY THE BOARD OF DIRECTORS AND HAS THE RESPONSIBILITY FOR GENERAL OVERSIGHT OF THE INTERNAL AUDIT DEPARTMENT AND HAS THE AUTHORITY TO ENGAGE AN ACCOUNTING FIRM TO CONDUCT THE ANNUAL AUDIT. THE CREDIT UNION HAS NOT CHANGED ITS OVERSIGHT OR ELECTION PROCESS.