2024-04-26T08:42:55-07:00 2023-12-31 Greg R Schmidt CPA 26 Cypress Pt Amarillo TX 79124 990 2023-01-01 750693720 Education Credit Union EDUC 8063587777 6203 Hillside Rd Amarillo TX 79109 Marcus Smith CEO 8063587777 2024-04-22 true Marcus Smith XXX-XX-XXXX true Greg R Schmidt CPA P00850502 8552759297 2024-04-26 X 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Marcus Smith 6203 Hillside Amarillo TX 79109 37228551 false X N/A X 1935 TX To be the preferred financial services provider for our membership 9 9 192 9 87617 0 0 17796358 23268948 650037 1592085 10882926 12367518 29329321 37228551 0 0 11428717 13136093 0 0 15152782 23299860 26581499 36435953 2747822 792598 421777858 477792609 374932010 423165340 46845848 54627269 To be the preferred financial services provider for our membership false false ECU offers its members federally isured certificates of deposit at competitive rates. ECU offers share and deposit products that include savings, checking, health savings, and money market accounts. ECU offers IRA products that are federally insured up to $250,000 per depositor, at competitive rates 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 6941 0 true 192 true false false false false false false X 9 9 false false false false true true false true true false false true true true true true true true true false ECU Operations Center 8063587777 6203 Hillside Amarillo TX 79109 Linda Purdy Chairman 1.00 X X 0 0 0 Leonida Cleveland Vice Chair 1.00 X X 0 0 0 Kel Spradling Secretary 1.00 X X 0 0 0 Steve West Treasurer 1.00 X X 0 0 0 Jimmy Marrs Director 1.00 X 0 0 0 Buddy Stephens Director 1.00 X 0 0 0 Cody Myers Director 1.00 X 0 0 0 Duane Chapman Director 1.00 X 0 0 0 Daniel Coward Director 1.00 X 0 0 0 Marcus Smith President/CEO 40.00 X X 600818 0 70981 Claudia Burkett Executive VP 40.00 X X 502460 0 46157 Jen Ufford Compliance Officer 40.00 X X 136359 0 29586 Mark Snyder Director 1.00 X 0 0 0 Melissa Durling VP of Lending 40.00 X X 173947 0 17815 Amy Hamilton VP Lending 40.00 X X 171464 0 24481 Johnny Harris VP Branch Operations 40.00 X 151583 0 22858 Adrian Aleandre VP Mortgage Lending 40.00 X 188129 0 25751 Beth Ashe VP Member Exp. 40.00 X 135424 0 21096 William Glass VP of Operations 40.00 X 219384 0 28943 2279568 0 287668 9 false true false Interest from Members 522130 23268948 0 0 23268948 1592085 0 0 Fee Income 522100 8758877 8758877 0 0 Other Revenue 522100 3608641 3521024 87617 0 12367518 37228551 37140934 87617 0 2279568 2279568 0 0 7760995 7760995 0 0 779889 779889 0 0 1574733 1574733 0 0 740908 740908 0 0 24719 24719 0 0 63177 63177 0 0 1615719 1615719 0 0 1223196 1223196 0 0 5370940 5370940 0 0 798909 798909 0 0 378764 378764 0 0 497552 497552 0 0 1571186 1571186 0 0 148548 148548 0 0 Dues 169160 169160 0 0 Loan Servicing 1282516 1282516 0 0 Provision for Loan Loss 3181861 3181861 0 0 Dividends Paid 6636200 6636200 0 0 337413 337413 0 0 36435953 36435953 0 0 3806355 4102945 28473107 25397647 505158 1196590 337310845 376032597 1320505 1807176 35643590 11606686 21894020 24036904 11728132 17510155 1254000 5977600 15485736 21730995 421777858 477792609 4549958 9588773 20000000 25000000 350382052 388576567 374932010 423165340 X 46845848 54627269 46845848 54627269 421777858 477792609 X 792598 228336 6760487 X false true X true false 3118974 3118974 15630527 3268982 12361545 16894089 8337704 8556385 24036904 Jumbo CDs 5183000 C FHLB Stock 794600 C 5977600 Member Shares and Deposits 388576567 388576567 false false false Marcus Smith 530574 0 70244 0 0 0 33000 0 30232 0 664050 0 0 0 Claudia Burkett 416202 0 86258 0 0 0 33000 0 10002 0 545462 0 0 0 Jen Ufford 124891 0 11468 0 0 0 12447 0 10860 0 159666 0 0 0 Melissa Durling 156623 0 17324 0 0 0 15662 0 2154 0 191763 0 0 0 Amy Hamilton 153720 0 17744 0 0 0 15330 0 9151 0 195945 0 0 0 Johnny Harris 132063 0 19520 0 0 0 13164 0 9694 0 174441 0 0 0 Adrian Aleandre 164146 0 23983 0 0 0 16415 0 9337 0 213881 0 0 0 Beth Ashe 121079 0 14345 0 0 0 12108 0 8989 0 156521 0 0 0 William Glass 195282 0 24102 0 0 0 19528 0 9414 0 248326 0 0 0 Pt I Line 4b Eric Jenkins,Claudia Burkett, and Marcus Smith participate in a SERP retirement plan Johnny Harris VP Branch Autos X 42790 27843 false true true Jimmy Marrs Director Secured X 51607 24780 false true true Adrian Alajandre Executive Auto X 20669 16827 false true true Claudia Burkett Exec. VP RE and Auto X 36919 22156 false true true Cody Myers Director Secured X 29700 11514 false true true Jennifer Ufford Executive Secured X 493300 478588 false true true Marcus Smith CFO RE and Auto X 396830 240852 false true true Duane Chapman Vice Chair Auto X 18178 3492 false true true Linda Purdy Board Auto X 8368 2133 false true true Mark Snyder Board Auto X 16400 1090 false true true Marcus Glass Executive RE and Auto X 421976 367315 false true true 1196590 Pt VI, Line 6 The credit union is wholly owned by its members Pt VI, Line 7a Three of the nine Board positions are voted on annually Pt VI, Line 11b This form was made available for the Board to review Pt VI, Line 12c Board members swear under oath that they are not involved Pt VI, Line 12c in any activity that would create a conflict of interest Pt VI, Line 15a The credit union employs an outside firm to review compensation Pt VI, Line 15b The credit union employs an outside firm to review compensation Pt XI CECL adjustemnt posted to Undivided Earnings $1,095,803 and Equity Acquired in Merger $7,856,290