2024-11-15T08:15:45-06:00 2023-12-31 990 2023-01-01 741158516 TEXAS BRIDGE CREDIT UNION TEXA 3618554494 3131 HOLLY RD CORPUS CHRISTI TX 784152421 DAVID L BROOKS CEO 3618554494 2024-11-13 0 2023 2024-10-15 13:58:12Z DAVID L BROOKS 3131 HOLLY RD CORPUS CHRISTI TX 78415 4446773 0 X N/A X 1951 TX TEXAS BRIDGE CREDIT UNION IS COMMITTED TO BEING THE PRIMARY FINANCIAL INSTITUTION OF ITS FIELD OF MEMBERSHIP BY PROVIDING QUALITY FINANCIAL SERVICES WITHIN THE REALM OF SOUND BUSINESS PRACTICES. THE CREDIT UNION IS COMMITTED TO DELIVER THESE SERVICES IN AN ATMOSPHERE OF TRUST AND SUPERIOR MEMBER SATISFACTION. TREAT OUR MEMBERS WITH DIGNITY AND RESPECT, REGARDLESS OF THEIR FINANCIAL POSITION. 7 7 25 0 147421 17517 0 0 3757813 4056672 122343 390101 0 0 3880156 4446773 0 0 370377 211950 1158753 1590269 0 0 0 2232353 2594376 3761483 4396595 118673 50178 78366662 83718173 71857480 77237776 6509182 6480397 X THE TEXAS BRIDGE CREDIT UNION IS COMMITTED TO BEING THE PRIMARY FINANCIAL INSTITUTION OF ITS FIELD OF MEMBERSHIP INCLUDING ANY QUALIFIED PERSON THAT WORKS, LIVES, OR ATTENDS SCHOOL IN NUECES COUNTY, IS EMPLOYED BY THE CITY OF CORPUS CHRISTI, IS A FAMILY MEMBER OF A CITY EMPLOYEE OR RETIREE FROM THE CITY OF CORPUS CHRISTI. 0 0 4396595 4299352 TEXAS BRIDGE CREDIT UNION IS A VOLUNTARY COOPERATIVE, NOT-FOR-PROFIT FINANCIAL INSTITUTION. IT WAS INCORPORATED UNDER THE TEXAS CREDIT UNION ACT IN 1951 FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, CREATING A SCOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR FINANCIAL ORGANIZATION, IN ORDER TO IMPROVE THEIR ECONOMIC WELL BEING. TEXAS BRIDGE CREDIT UNION IS A COMMUNITY FINANCIAL INSTITUTION AND HAS MANY STAKEHOLDERS THAT DEPEND ON THE MANNER THE CREDIT UNION IS OPERATING. MEMBERS, EMPLOYEES, DIRECTORS, VENDORS, REGULATORS, GOVERNMENT ENTITIES, AND OUR COMMUNITY, ALL HAVE A STAKE IN THE SUCCESS OF OUR CREDIT UNION. 4396595 0 0 0 0 0 0 0 0 0 1 0 1 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 1608 0 1 25 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X DAVID L BROOKS 3618554494 3131 HOLLY RD CORPUS CHRISTI TX 78415 EUGENE HERNANDEZ CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 EDDIE MARTINEZ VICE-CHAIRMAN 1.00 X X 0 0 0 LOU VILLAGOMEZ SR SECRETARY/TREASURER 1.00 X X 0 0 0 ROLAND BARRERA DIRECTOR 1.00 X 0 0 0 ARMANDO CHAPA DIRECTOR 1.00 X 0 0 0 JOHN VALLS DIRECTOR 1.00 X 0 0 0 DENISE VILLAGRAN DIRECTOR 1.00 X 0 0 0 DAVID L BROOKS CEO 40.00 X 131304 0 0 MARK AVELAR EXECUTIVE VICE PRESIDENT 40.00 X 116384 0 0 247688 0 0 2 0 0 0 0 INTEREST ON LOANS 900000 2951458 2951458 FEES AND CHARGES 900099 1019597 936381 83216 MISCELLANEOUS OPER 522100 85617 21412 64205 4056672 390101 390101 4446773 4299352 147421 0 211950 211950 247688 247688 962440 962440 54658 54658 233930 233930 91553 91553 22617 22617 21900 21900 16735 16735 144413 144413 421387 421387 252352 252352 75137 75137 15000 15000 15965 15965 DIVIDENDS 853354 853354 NETWORK FEES 484404 484404 PROVISION FOR LOAN LOSS 78000 78000 MISCELLANEOUS OTHER EXP 68409 68409 124703 124703 4396595 4396595 0 0 1076535 1174685 22682 8113 62420535 62221225 280421 356505 4445676 2207356 2231153 2238320 108501 108501 12131570 17602724 95265 8100 78366662 83718173 891194 633953 972253 0 69994033 76603823 71857480 77237776 X 0 0 0 0 6509182 6480397 6509182 6480397 78366662 83718173 50178 -78963 0 X 0 0 0 582007 582007 2679802 1161808 1517994 1183867 1045548 138319 2238320 CERTIFICATE OF DEPOSITS 14815000 C DEFERRED BROKER FEES 20687 C CATALYST CORP MANAGEMENT 621150 C MASTER CARD SHARE -619952 C CATALYST CIF SHARES 35000 C NCUA SHARE INSURANCE 730839 C CATALYST PT INV ACCOUNT 2000000 C 17602724 MEMBER SHARES 76104823 NON MEMBER SHARES 499000 76603823 FORM 990, PART VI, SECTION A, LINE 6 ENTITY IS A STATE CHARTERED CREDIT UNION. TO JOIN AND PARTICIPATE IN SERVICES, YOU MUST BE A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS A VOTE AND CAN ELECT MEMBERS AT OUR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD DIRECTS ALL ACTIVITIES. HOWEVER, CERTAIN ACTIONS SUCH AS CHANGING CHARTERS WOULD REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY CREDIT UNION PERSONNEL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE CREDIT UNION MONITORS THESE STATEMENTS TO DETERMINE ANY OUTSIDE ENTITY ACTIVITY AND THE NATURE OF SUCH INTEREST. FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS REVIEW THE COMPENSATION PAID TO THEIR KEY EMPLOYEES ON AN ANNUAL BASIS AND COMPARES COMPENSATION LEVELS AGAINST INDUSTRY STANDARDS, CREDIT UNION SIZE, AND SERVICES. ALL DELIBERATIONS ARE FORMALLY RECORDED IN APPROPRIATE OFFICIAL MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DOCUMENTS FOR REGULATORY OVERSIGHT ARE PROVIDED TO INTERESTED MEMBERS UPON REQUEST.