2024-11-13T08:53:15-06:00 2023-12-31 752393478 WHITLEY PENN LLP 9501 CONSOLE DRIVE STE 200 SAN ANTONIO TX 78229 990 2023-01-01 741241284 UNITED TEXAS CREDIT UNION UNIT 2105614525 5500 UTSA BLVD SAN ANTONIO TX 78249 ALFRED SAKER CFO 2105614525 2024-11-12 1 1 BARBARA LYNN HERBST P00849574 2106142284 2024-11-12 2023 2024-10-15 13:58:12Z KYLE ASHLEY 5500 UTSA BLVD SAN ANTONIO TX 78249 21900007 0 X WWW.UTXCU.COM X 1955 TX A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH THE MISSION OF IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 9 9 81 14 122436 146 0 0 17283003 19964847 1067030 1333163 241356 591531 18591389 21889541 0 0 0 0 6585362 6935917 0 0 0 8915880 12590991 15501242 19526908 3090147 2362633 404933985 410563723 383327063 386156697 21606922 24407026 X IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 0 0 UNITED TEXAS CREDIT UNION STRIVES TO BECOME THE ULTIMATE FINANCIAL COOPERATIVE BY ENHANCING MEMBER'S LIVES THROUGH EXCEPTIONAL FINANCIAL SERVICES WITH THE HIGHEST REGARD TOWARD THE ESTABLISHED PHILOSOPHY OF "PEOPLE HELPING PEOPLE AND SOUND BUSINESS PRINCIPLES. IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THE COMMUNITIES WE SERVE. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5978 0 1 81 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 0 0 0 1 1 0 1 1 X ALFRED SAKER 2105614525 5500 UTSA BOULEVARD SAN ANTONIO TX 78249 BILL GREGORY CHAIRMAN 0.75 X 0 0 0 RICK TOBIAS VICE-CHAIRMAN 0.75 X 0 0 0 JAMES WHEELER BOARD TREASURER 0.75 X 0 0 0 RICHARD BAGGS BOARD SECRETARY 0.75 X 0 0 0 JOHN REES BOARD MEMBER 0.75 X 0 0 0 DON MANN BOARD MEMBER 0.75 X 0 0 0 ROSAURA RAMIREZ SUPERVISORY CHAIR 1.00 X 0 0 0 ANTHONY SANCHEZ BOARD MEMBER 0.75 X 0 0 0 JODIE SANDERS BOARD MEMBER 0.75 X 0 0 0 KYLE ASHLEY PRESIDENT/CEO 40.00 X 553287 0 31200 TAMMINA JOHNSON COO 40.00 X 368251 0 22017 ALFRED SAKER CFO 40.00 X 173225 0 9723 JAMES BAUMANN CLO 40.00 X 200230 0 17610 MARIO SALDIVAR CIO 40.00 X 183563 0 8935 DAVID GRAY MBR BUSINESS LENDING 40.00 X 158827 0 17306 DEBRA BRADBERRY VP PROJ. SPECIALIST 40.00 X 102707 0 1200 PATRICIA RHODES VP CONSUMER LENDING 40.00 X 149759 0 30020 ROSANNE HERNANDEZ VP OPERATIONS 40.00 X 107490 0 27439 JESUS CASTILLO VP MORTGAGE LENDING 40.00 X 118245 0 0 MELISSA PETOSKEY VP ACCOUNTING 40.00 X 112945 0 22774 2228529 0 188224 11 0 1 0 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM SERVICE 446316 MASTERCARD INTERNATIONAL 2000 PURCHASE STREET PURCHASE NY 10577 CREDIT CARD 416984 COMPUTER MARKETING CORP 8520 SOUTH SANDY PARKWAY SANDY UT 84070 COMPUTER PROCESSING 315387 JET WEB COMMUNICATIONS LLC 10443 GULFDALE ST 101 SAN ANTONIO TX 78216 IT 297350 PRIME MAINTENANCE & MANAGEMENT 21906 BIG BEND CANYON SAN ANTONIO TX 78258 REPAIRS & MAINTENANCE 284910 13 INTEREST INCOME 522100 15261386 15261386 MISC. OPERATING INCOME 522100 2810008 2810008 FEE INCOME 522100 1631624 1631624 PENSION PLAN INCOME 522100 139393 139393 CUSO INCOME 522100 111780 111780 10656 10656 19964847 1332938 1332938 231340 10466 220874 220874 220874 225 0 225 225 225 REVERSAL OF RESERVED LITIGATION 522100 370000 370000 LIQUIDATING INCOME 522100 657 657 370657 21889541 21546231 122436 220874 2416756 2862260 779165 480144 397592 52851 97488 469121 1039419 1295772 83545 5946408 280203 88093 LOAN SERVICING EXPENSE 968774 OTHER OUTSIDE SERVICES 839893 VANTIV EXPENSE 525465 SOFTWARE & TECH EXPENSE 344446 559513 19526908 3275401 4320657 801868 1052282 304204327 309817525 1049113 800141 25671680 9433695 16254858 16237985 64897254 62457570 14451164 15877563 404933985 410563723 4544803 4838352 378782260 381318345 383327063 386156697 X 0 0 0 0 21606922 24407026 21606922 24407026 404933985 410563723 X 2362633 1883744 -1446273 X 0 1 X 1 0 5350957 5350957 13980552 4591014 9389538 1639632 714044 925588 3156405 2791930 364475 1544134 1336707 207427 16237985 AVAILABLE FOR SALE SECURITIE 44498215 F CASH ACCOUNTS 3833240 C CAPITAL STOCK 2022180 C MUNICIPAL BONDS 12103935 F 62457570 DIVIDENDS PAYABLE 329634 MEMBER SHARES (DEPOSITS) 371255697 NOTES PAYABLE 8506000 OTHER LIABILITIES 1227014 381318345 X PART X, LINE 2: UNITED TEXAS CREDIT UNION IS A STATE CHARTERED CREDIT UNION WHICH IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. U.S GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE CREDIT UNION MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CREDIT UNION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CREDIT UNION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE CREDIT UNION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CREDIT UNION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE CREDIT UNION MAY BE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE CREDIT UNION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. X 1 1 X X 0 0 0 KYLE ASHLEY PRESIDENT/CEO 467999 0 85288 0 0 0 30000 0 1200 0 584487 0 0 0 TAMMINA JOHNSON COO 332777 0 35474 0 0 0 20817 0 1200 0 390268 0 0 0 JAMES BAUMANN CLO 167651 0 32579 0 0 0 16410 0 1200 0 217840 0 0 0 MARIO SALDIVAR CIO 152311 0 31252 0 0 0 8935 0 0 0 192498 0 0 0 ALFRED SAKER CFO 144746 0 28479 0 0 0 8523 0 1200 0 182948 0 0 0 PATRICIA RHODES VP CONSUMER LENDING 130717 0 19042 0 0 0 30020 0 0 0 179779 0 0 0 DAVID GRAY MBR BUSINESS LENDING 137454 0 21373 0 0 0 16106 0 1200 0 176133 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE NO CLASSES OF MEMBERS, ONLY ONE TYPE OF MEMBER WITH THE SAME RIGHTS AS ANY OTHER MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE THE RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY AT THE ANNUAL MEETING AND ALL MEMBERS HAVE THE RIGHT TO RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE DISSOLUTION OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF FORM 990, THE CFO AND CEO WILL REVIEW IT AND DELIVER IT TO THE GOVERNING BODY FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION SURVEY AND BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ON JANUARY 1, 2023 THE CREDIT UNION ADOPTED THE PROVISIONS OF ASC 326. THE NEW CURRENT EXPECTED CREDIT LOSS ("CECL") MODEL REQUIRES THE MEASUREMENT OF ALL EXPECTED CREDIT LOSSES FOR FINANCIAL ASSETS MEASURED AT AMORTIZED COST AND CERTAIN OFF-BALANCE SHEET CREDIT EXPOSURES BASED ON HISTORICAL EXPERIENCE, CURRENT CONDITIONS, AND REASONABLE AND SUPPORTABLE FORECASTS. IN CONNECTION WITH THE ADOPTION OF ASC 326, THE CREDIT UNION REVISED CERTAIN ACCOUNTING POLICIES AND IMPLEMENTED CERTAIN ACCOUNTING POLICY ELECTIONS. UPON ADOPTION, THE CREDIT UNION RECOGNIZED A CUMULATIVE EFFECT REDUCTION TO RETAINED EARNINGS TOTALING $1,446,273. -1,446,273. CREDIT UNION INCOME SOLUTIONS LLC 5500 UTSA BLVD STE 300 SAN ANTONIO TX 78249 FINANCIAL TX -2719 32231 UNITED TEXAS CREDIT UNION