2024-05-15T13:25:55-05:00 2023-12-31 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2023-01-01 742419125 GERMANIA CREDIT UNION GERM 9798365224 507 HIGHWAY 290 EAST BRENHAM TX 77833 WENDY FRAZIER PRESIDENT 9798365224 2024-05-10 1 WENDY FRAZIER 999009999 0 KELSIE N SMITH P02091084 2547764190 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z WENDY FRAZIER 507 HIGHWAY 290 EAST BRENHAM TX 77833 998983 0 X WWW.GERMANIACREDITUNION.COM X 1986 TX GERMANIA CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION. 8 8 0 25 32288 0 0 0 776771 928966 19164 37729 53758 32288 849693 998983 0 0 0 0 0 0 0 0 0 694603 844376 694603 844376 155090 154607 20134330 19912211 18078195 17702191 2056135 2210020 COOPERATIVE PROVIDED CREDIT UNION FINANCIAL SERVICES. 0 0 SHARE ACCOUNTSGERMANIA CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAS APPROXIMATELY 2,400 ACCOUNTS. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH THE TELEPHONE AND ONLINE BANKING. CHECKING ACCOUNTSGERMANIA CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES SUCH AS FREE CHECKING AND FREE DEBIT CARDS. CONSUMER LOANSGERMANIA CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERS FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CONSUMER LIFE AND DISABILITIY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 1 1 0 X WENDY FRAZIER 9798307508 507 HIGHWAY 290 EAST BRENHAM TX 77833 HAYDEN MIERL TREASURER 1.00 X X 0 0 0 MICHELLE SAYRE CHAIR PERSON 1.00 X X 0 0 0 TRACI BAGLEY DIRECTOR 1.00 X 0 0 0 JEFF SMESTUEN DIRECTOR 1.00 X 0 0 0 ELIZABETH BROESCHE VICE CHAIR 1.00 X X 0 0 0 THRESIA SCHLABACH SECRETARY 1.00 X X 0 0 0 WENDY RUBACK DIRECTOR 1.00 X 0 0 0 CHEYANNE LEHRMANN DIRECTOR 1.00 X 0 0 0 NICHOLAS TONELLI PARTIAL YEAR PRESIDENT 40.00 X 0 64731 3873 WENDY FRAZIER PARTIAL YEAR PRESIDENT 40.00 X 0 83649 2189 0 148380 6062 0 0 0 0 0 INTEREST ON LOANS 522291 875593 875593 NSF & OTHER MEMBER FEE 525990 51021 51021 LATE CHARGES & MEMBER 525990 2352 2352 928966 37729 37729 EXTENDED WARRANTY,GAP 524298 32288 32288 32288 998983 928966 32288 37729 340500 2491 20533 16721 59391 7711 272992 16220 19098 DEBIT CARD EXPENSE 36489 CORRESPONDENT BANKS 17537 MISC OPERATING EXPENSES 12530 CREDIT REPORTS 9566 12597 844376 40390 266382 1189540 1661834 18610597 17685421 107542 51418 68828 56124 224975 242450 20134330 19912211 269614 35433 200000 200000 17608581 17466758 18078195 17702191 X 0 0 0 0 2056135 2210020 2056135 2210020 20134330 19912211 154607 -722 0 X X 0 1 X 1 0 107542 51418 56124 56124 MEMBERS' SHARE AND SAVINGS ACCOUNTS 17466758 17466758 X 1028982 29999 29999 998983 0 998983 874375 29999 29999 844376 0 844376 PART X, LINE 2: (K) INCOME TAXES AS A STATE-CHARTERED CREDIT UNION, THE CREDIT UNION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGES IN JUDGMENT OCCUR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPONSOR CONTRIBUTIONS PART XII, LINE 2D - OTHER ADJUSTMENTS: SPONSOR CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B SENIOR MANAGEMENT AND BOARD OF DIRECTORS REVIEW THE 990 BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12 BOARD OF DIRECTORS APPROVES AND REVIEWS CONFLICT OF INTEREST POLICIES. SUSPECTED CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 GERMANIA FEDERAL CREDIT UNION DOES NOT EMPLOY ANY PERSON DIRECTLY. GERMANIA INSURANCE COMPANY LOANS ITS EMPLOYEES TO THE CREDIT UNION AND THE CREDIT UNION PAYS A FEE TO THE INSURANCE COMPANY. THE INSURANCE COMPANY IS NOT RELATED TO THE CREDIT UNION AS THERE IS NO CONTROL BY THE INSURANCE COMPANY OVER THE CREDIT UNION. IN ADDITION, THE INSURANCE COMPANY AND THE CREDIT UNION DO NOT HAVE A MAJORITY OF THE SAME BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES THE SALARY OF THE PRESIDENT; THE PRESIDENT APPROVES THE SALARY OF ALL OTHER EMPLOYEES LEASED FROM THE INSURANCE COMPANY. ALL DIRECTORS AND COMMITTEE MEMBERS SERVE AS UNPAID VOLUNTEERS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C AUDIT COMMITTEE OVERSIGHT-THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.