2024-11-12T15:03:37-06:00 2023-12-31 202126731 PARKS & COMPANY PLC 441 N WASHINGTON EL DORADO AR 71730 990 2023-01-01 850161080 FINANCIAL SECURITY CREDIT UNION FINA 5758876030 1105 WEST PIERCE CARLSBAD NM 88220 JUDY CARRASCO CEO 5758876030 2024-11-11 1 0 G PETE PARKS P00393041 8708623401 2024-11-09 2023 2024-10-15 13:58:12Z JUDY CARRASCO 1105 WEST PIERCE CARLSBAD NM 88220 3741415 0 X WWW.FINSECCU.COM X 1954 NM THE CREDIT UNION STRIVES TO OFFER THE BEST POSSIBLE DIVIDENDS ON SHARES, LOANS AT REASONABLE RATES, A PRODUCT MIX TO MEET THE NEEDS OF OUR MEMBERS, AND TO PROVIDE EFFICIENT AND FRIENDLY SERVICE TO THOSE WHO ARE IN OUR COMMON BOND. THE CREDIT UNION SEEKS TO MAINTAIN ITS LONG-TERM FINANCIAL STABILITY, WHILE PROTECTING THE ASSETS OF THE MEMBERS. 5 5 24 10 18627 3434 0 0 2644979 2969082 265859 560034 279785 199601 3190623 3728717 0 0 0 0 1049544 1204154 0 0 0 1534610 1637018 2584154 2841172 606469 887545 59542140 59797422 52524428 51832777 7017712 7964645 SEE PART I, NUMBER 1 0 0 THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS. THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $173,000 IN THE FORM OF INTEREST/DIVIDENDS TO ITS MEMBERS. THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $947,000. 0 0 0 0 0 0 0 0 0 1 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 0 1 601 0 1 24 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 5758876030 1105 WEST PIERCE CARLSBAD NM 88220 JASON CROCKETT CHAIRPERSON 2.00 X X 0 0 0 MISTI FERNANDEZ VICE CHAIRPERSON 2.00 X X 0 0 0 KAY TIGERT TREASURER 2.00 X X 0 0 0 RILEY NEATHERLIN SECRETARY 2.00 X X 0 0 0 VICTOR MARTINEZ DIRECTOR 2.00 X 0 0 0 JUDY CARRASCO CEO 40.00 X 149474 0 0 KATHERINE NAVARRETTE VP OPERATIONS 40.00 X 118181 0 0 267655 0 0 2 0 0 0 0 INTEREST ON LOANS 522100 1946215 1946215 FEES & CHARGES 522100 1022867 1022867 2969082 563732 563732 9000 12698 -3698 -3698 -3698 OTHER OPERATING 522100 180974 180974 ATM FEES NONMEMBERS 522100 10880 10880 INSURANCE COMMISSIONS 522100 7747 7747 199601 3728717 3710090 18627 0 267655 673862 121505 62348 78784 100980 47546 46726 68909 30694 173144 103052 54649 UBIT 1354 DEBIT & CREDIT CARD SER 489617 CREDIT UNION SERVICE FE 271889 SHARE DRAFT EXPENSES 49841 198617 2841172 846471 629973 17560564 11721250 35516895 41193581 50327 109615 4175215 1158552 2983429 3016663 2584454 3126340 59542140 59797422 152791 68690 52371637 51764087 52524428 51832777 X 0 0 0 0 7017712 7964645 7017712 7964645 59542140 59797422 X 887545 59983 -595 X 0 0 0 845884 845884 2799983 729965 2070018 529348 428587 100761 3016663 ACCRUED INTEREST - LOANS 144140 ACCRUED INTEREST - INVESTMENTS 13177 NCUSIF DEPOSIT 497596 ANNUITIES TO FUND DEFERRED COMPENSATION 1721878 OTHER 3750 EMPLOYEE ANNUITY INSURANCE RECEIVABLE 745799 3126340 MEMBERS' SHARES & SAVINGS ACCOUNTS 50949696 REGULAR RESERVES 406968 DEFERRED COMPENSATION PAYABLE 407423 51764087 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PURCHASE OWNERSHIP INTERESTS BY OPENING PRIMARY SHARE DEPOSIT ACCOUNTS WITH THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS VOTE TO ELECT OR REPLACE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY DOES NOT DELEGATE AUTHORITY TO ANY COMMITTEES TO ACT ON THE BOARD'S BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO PROVIDES A COPY OF THE FORM 990 TO THE BOARD AT A MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYES MUST SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY. COMPLIANCE WITH THE POLICY IS CONSISTENTLY MONITORED AND ENFORCED BY THE RESPECTIVE PARTIES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES THE SALARY FOR THE NEXT FISCAL PERIOD ACCORDINGLY. THE CEO REVIEWS THE PERFORMANCE OF KEY EMPLOYEES AND USES MARKET-BASED SALARY COMPARISONS TO DETERMINE PAY INCREASES FOR THESE INDIVIDUALS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT -595.