2024-11-15T12:15:28-06:00 2023-12-31 202126731 PARKS & COMPANY PLC 441 N WASHINGTON EL DORADO AR 71730 990 2023-01-01 237253091 CUBA CREDIT UNION CUBA 5052893763 PO BOX 1660 CUBA NM 87013 RHONDA JACQUEZ MANAGER/CEO 5052893763 2024-11-14 1 0 G PETE PARKS P00393041 8708623401 2024-11-14 2023 2024-10-15 13:58:12Z RHONDA JACQUEZ PO BOX 1660 CUBA NM 87013 1155013 0 X WWW.CUBACREDITUNION.ORG X 1972 NM PROVIDE LOAN AND DEPOSIT PRODUCTS & SERVICES TO MEMBER-OWNERS OF THE ORGANIZATION AT A REASONABLE COST AND WITH A REASONABLE RATE OF RETURN, RESPECTIVELY. 4 4 6 8 1895 0 0 0 576947 567579 148218 533912 53714 32379 778879 1133870 0 0 0 0 221850 259560 0 0 0 421697 491525 643547 751085 135332 382785 22163951 21559513 19036855 18053941 3127096 3505572 SEE PART I, LINE 1 0 0 THE CREDIT UNION PROVIDED ITS MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS. THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $88,400 TO ITS MEMBERS IN THE FORM OF DIVIDENDS. THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $383,000. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 236 0 1 6 1 1 1 0 0 0 0 0 0 0 X 4 4 0 0 0 0 1 1 0 1 0 0 0 1 0 0 1 1 1 0 X THE ORGANIZATION 5052893763 PO BOX 1660 CUBA NM 87013 MARTIN HERRERA PRESIDENT 1.00 X X 0 0 0 WALTER TAYLOR VICE PRESIDENT 1.00 X X 0 0 0 JACK NELSON TREASURER 1.00 X X 0 0 0 VALENTIN MCCOY MEMBER 1.00 X 0 0 0 RHONDA JACQUEZ CEO 40.00 X 0 86234 0 0 86234 0 0 0 0 0 0 LOAN INTEREST 522100 451519 451519 FEES & CHARGES 522100 116060 116060 567579 535055 535055 20000 21143 -1143 -1143 -1143 INSURANCE PROCEEDS 524298 25620 25620 CAPITAL SHARE CLAIM RE 522100 4864 4864 INSURANCE SALES 524298 1895 1895 32379 1133870 1131975 1895 0 86234 138613 17842 16871 6061 20101 239912 19114 15163 88403 4408 ATM EXPENSES 39566 PROVISION FOR LOAN LOSS 20000 ASSOCIATION DUES 14078 LOAN SERVICING 9971 14748 751085 530211 432625 14353862 13964191 6701057 6596037 34529 31603 790846 464993 319561 325853 224731 209204 22163951 21559513 17451 26053 19019404 18027888 19036855 18053941 X 0 0 0 0 3127096 3505572 3127096 3505572 22163951 21559513 X 382785 -4309 X 0 0 0 135357 135357 290067 214411 75656 298823 183983 114840 66599 66599 0 325853 MEMBER SHARE DEPOSIT ACCOUNTS 18027888 18027888 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS WHO PURCHASE OWNERSHIP INTERESTS BY OPENING PRIMARY SHARE DEPOSIT ACCOUNTS. FORM 990, PART VI, SECTION A, LINE 7A THE OWNER MEMBERS 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 TO ANY COMMITTEES THE AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PROVIDES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS AT A MONTHLY MEETING WHEN THE RETURN BECOMES AVAILABLE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND DETERMINES THEIR SALARY FOR THE NEXT FISCAL PERIOD. THE CEO REVIEWS EMPLOYEE PERFORMANCE AND RECOMMENDS SALARY INCREASES TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT -4,309.