2024-05-02T06:28:08-07:00 2023-12-31 Greg R Schmidt CPA 26 Cypress Pt Amarillo TX 79124 990 2023-01-01 750297300 LIBERTY ONE CREDIT UNION LIBE 2144135588 2221 E LAMAR BLVD ARLINGTON TX 76006 MIKE FUNK PRESIDENT/CEO 2144135588 2024-04-16 true MIKE FUNK XXX-XX-XXXX true Greg R Schmidt CPA P00850502 8552759297 2024-05-02 X 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z MIKE FUNK 2221 E LAMAR BLVD ARLINGTON TX 76006 7167751 false X N/A X 1935 TX LIERTY ONE SEEKS TO BE OUR MEMBERS PRIMARY FINANCIAL INSTITUTION 7 7 31 9 22500 0 0 5802787 6727016 503120 440735 0 6305907 7167751 0 0 2049495 2252401 0 0 3103088 4690355 5152583 6942756 1153324 224995 165630553 165999868 150867307 150072848 14763246 15927020 LIERTY ONE SEEKS TO BE OUR MEMBERS PRIMARY FINANCIAL INSTITUTION false false LIBERTYONE CREDIT UNION PROVIDES AUTOMOBILE LOANS TO ITS MEMBERS AND WE STRIVE TO KEEP OUR RATES LOWER THAN BANKS OR OTHER FINANCIAL INSTITUTIONS. AS OF DECEMBER 31, 2017 THE CREDIT UNION HAD 8,497 MEMBERS, WITH A TOTAL OF 2,708 AUTO LOANS, CARRYING AN OUTSTANDING BALANCE OF $46,629,528. LIBERTYONE CREDIT UNION PROVIDES 1ST MORTGAGES TO ITS MEMBERS THROUGH A THIRD PARTY SEVICE PROVIDER. HOWVER, WE TAKE .25% OFF THE QUOTED RATE IN AN EFFORT TO HELP OUR MEMBERS. AS OF DECEMBER 31, 2017 THE CREDIT UNION HAD 123 1ST MORTGAGES WITH AN OUTSTANDING BALANCE OF $14,872,633. LIBERTYONE CREDIT UNION PROVIDES CERTIFICATES OF DEPOSITS TO ITS MEMBERS AT HIGHER THAN MARKET RATES. AS OF DECEMBER 31, 2017 THE CREDIT UNION HAD 1,279 CERTIFICATES OF DEPOSIT WITH A CARRYING BALANCE OF $39,165,885. 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 2138 0 true 31 true true true false false false false false X 7 7 false false false false true true true true true false true true true true true true true true true true false X MIKE FUNK 2414135588 2221 E LAMAR BLVD 110 ARLINGTON TX 76006 CHARLES RAMIREZ CHAIRMAN 1.00 X X 0 0 0 DON RAWE VICE CHAIR 1.00 X X 0 0 0 STEVE HAMMONDS TREASURER 1.00 X X 0 0 0 LINDA KUNZE SECRETARY 1.00 X X 0 0 0 JACQUELINE DIXON DIRECTOR 1.00 X 0 0 0 DAVID WILLIAMSON DIRECTOR 1.00 X 0 0 0 CALVIN SMITH DIRECTOR 1.00 X 0 0 0 MIKE FUNK PRESIDENT 40.00 X X X 290101 0 0 KIM PURINTUN VP OF EXECUTIVE OPERATIONS 40.00 X 141568 0 0 BRAD FERGUSON VP OF MEMBER SERVICES 40.00 X 132178 0 0 563847 0 0 3 false true false LOAN INCOME 522100 5477271 0 0 FEES/CHARGES & MISC 522100 1249745 22500 0 6727016 440735 0 0 7167751 7145251 22500 0 563847 563847 0 0 1181113 1181113 0 0 78755 78755 0 0 306261 306261 0 0 122425 122425 0 0 17335 17335 0 0 25461 25461 0 0 74967 74967 0 0 68134 68134 0 0 92186 92186 0 0 291182 291182 0 0 127322 127322 0 0 45872 45872 0 0 146840 146840 0 0 22654 22654 0 0 35625 35625 0 0 PROVISION FOR LOAN LOSS 84714 84714 0 0 ATM SURCHARGE 170107 170107 0 0 DEBIT CARD EXPENSE 214481 214481 0 0 CHECKING ACCOUNT 54094 54094 0 0 3219381 3219381 0 0 6942756 6942756 0 0 428862 482508 1215435 1173920 125416624 127495282 241498 325829 726858 682594 54022 44264 36186639 34121401 2087473 2356664 165630553 165999868 2390594 3973057 148476713 146099791 150867307 150072848 X 14763246 15927020 14763246 15927020 165630553 165999868 224995 938779 X false false false 0 0 73233 69629 3604 653625 612965 40660 44264 NCUSIF 1261395 C CDs 18907627 C US GOVT AGENCIES 13952379 F 34121401 MEMBERSHIP EQUITY 146099791 146099791 false false false MIKE FUNK 202783 0 24721 0 62597 0 16152 0 35543 0 341796 0 0 0 MIKE FUNK PRES/CEO MISC X 353775 195997 false true true STEVE HAMMONDS DIRECTOR AUTOS X 49454 18817 false true true CAL SMITH DIRECTOR MISC X 189500 141833 false true true JACKIE DIXON VICE CHAIR MISC X 41020 3716 false true true DON RAWE DIRECTOR MISC X 100500 46432 false true true DAVID WILLIASON DIRECTOR MISC X 32000 23418 false true true KIM PURINTIN VP EXEC OP MISC X 371743 321766 false true true BRAD FERGUSON VP MBR SRVS MISC X 458510 421941 false true true 1173920 Pt VI, Line 6 THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY Pt VI, Line 7a THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY Pt VI, Line 7b THE CREDIT UNION'S MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY AND CAN VOTE TO HAVE THEM REMOVED AS WELL Pt VI, Line 11b THE CREDIT UNION HIRES A CPA TO PREPARE THE FORM 990 AND A COPY OF THIS FORM IS PROVIDED TO THE BOARD FOR REVIEW Pt VI, Line 12c THE BOARD IS INSTRUCTED TO DISCLOSE ANY MATTERS THAT WOULD CREATE A CONFLICT OF INTEREST AND EMPLOYEES SIGN A STATEMENT WHEN THEY BEGIN EMPLOYMENT Pt VI, Line 15a SALARY SURVEYS ARE USED TO SET COMPENSATION, AND THE BOARD APPROVES THE COMPENSATION PACKAGE OF THE CEO Pt VI, Line 15b SALARY SURVEYS ARE USED TO SET COMPENSATION Form 990, Part IX, Line 24e BANKING & CREDIT CARD 131980. 131980. Form 990, Part IX, Line 24e MISC 73578. 73578. Form 990, Part IX, Line 24e OPERATING FEE 20385. 20385. Form 990, Part IX, Line 24e DIVIDENDS 2815402. 2815402. Form 990, Part IX, Line 24e LOAN SERVICING 178036. 178036.