2024-11-06T12:16:01-07:00 2023-12-31 990 2023-01-01 746047884 LUBRIZOL EMPLOYEES CREDIT UNION LUBR 2814796651 PO Box 158 Deer Park TX 77536 Julia Tibbals Accounting Manager 2814796651 2024-11-06 1 2023 2024-10-15 13:58:12Z X Rosaura Flores PO Box 158 Deer Park TX 77536 2363588 0 X www.lzecu.org X Credit Union 1953 TX Lubrizol Employees' Credit Union is a cooperative thrift institution regulated by the Texas Credit Union Department. We offer products and services in three primary areas: share accounts, checking accounts, and consumer loans. 7 7 9 9 1194 0 0 0 1605087 1669298 350428 694290 0 0 1955515 2363588 0 0 151573 224164 722545 744575 0 0 0 632094 865550 1506212 1834289 449303 529299 54378340 53355984 91892 387406 54286448 52968578 Our mission is to build lifelong relationships through family friendly service and provide beneficial, progressive financial services. Our vision is to be the financial services provider of choice, enriching the lives of our members and employees. 0 0 242415 Share Accounts - Our share accounts offer advantages to members of all ages. The credit union had 3,391 member-owners as of 12/31/2023. Member share accounts offer competitive rates and pay dividends quarterly. In addition to our regular share accounts, we offer special share accounts designed for children, teenagers and young adults to encourage the development of consistent savings habits. Active members age 18 and over have $2,000 free AD&D insurance. We also offer various services at a free or low cost such as notary service, money orders and wire transfers. 13180 Checking Accounts - We offer free checking accounts to our members. Features include Visa Check Card, mobile deposit, overdraft protection, online account access, audio response teller, bill pay and worldwide ATM access. There is no monthly service charge and dividends pay monthly. 9150 Consumer Loans - We offer flexible terms and low rates on all types of loans for our members. These include vehicle loans, home improvement and home equity loans, signature loans and credit card. We offer Auto Buying Center to provide resources for members in the purchase of a new or used vehicle. 0 0 0 264745 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1324 0 9 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 TX X Lubrizol Employees' Credit Union 2814796651 PO Box 158 Deer Park TX 77536 Rosaura Flores President/CEO 50 50 X 170299 0 29879 Richard Miller Chairman 0.50 0.50 X 0 0 0 Daniel Koons Vice Chairman 0.50 0.50 X 0 0 0 Joseph Morris Treasurer 0.50 0.50 X 0 0 0 Delinda Dutton Secretary 0.50 0.50 X 0 0 0 Gary Aldrich Director 0.50 0.50 X 0 0 0 Gabe Aguilar Director 0.50 0.50 X 0 0 0 Greg Drummond Director 0.50 0.50 X 0 0 0 Waynisha Edwards Supervisory Committee Chairman 0.25 0.25 X 0 0 0 AJ Pickle Supervisory Committee Member 0.25 0.25 X 0 0 0 170299 0 29879 1 0 1 0 0 0 Interest on Loans 522130 1304630 1304630 0 0 Fee Income 522130 314032 312838 1194 0 Other Operating Income 522130 50636 50636 0 0 0 0 0 0 1669298 694290 0 0 694290 0 0 0 0 0 0 0 0 0 0 0 0 0 2363588 1668104 1194 694290 0 224164 224164 170299 170299 395382 395382 49113 49113 85754 85754 44027 44027 168 168 40413 40413 153845 153845 85671 85671 69440 69440 21729 21729 7007 7007 43062 43062 Provision for Loan Loss 74861 0 74861 0 Loan Servicing 54192 0 54192 0 Professional and Outside Services 275651 0 275651 0 39511 39511 1834289 264745 1569544 0 376913 388050 2173362 2025460 25528672 25812024 85100 58187 3163113 147832 735250 3015281 24393835 20685835 1085208 1371147 54378340 53355984 91892 387406 91892 387406 X 46299586 44479714 0 0 7986862 8488864 54286448 52968578 54378340 53355984 X 529299 0 0 0 0 -1847169 X 1 X 1 X 1 0 0 45000 45000 0 2652141 22101 2630040 0 0 0 0 0 465972 125731 340241 0 0 0 0 3015281 Bank S&L's, Savings Banks 12728000 C Credit Unions 2238000 C Corporate Credit Union (Perpetual Capital) 46835 C Held to Maturity 5673000 C 20685835 X X 0 0 0 Rosaura Flores President/CEO 152378 0 17921 0 0 0 0 0 29879 0 200178 0 0 0 Form 990, Header, Line B This is an amended return for the year 2023 to enter the legal name of the authorized signer. Form 990, Part VI, Section A, Line 6 We have members who elect the board of directors. Form 990, Part VI, Section A, Line 7a We hold an annual meeting of members to elect open board of director positions. All credit union members age 16 and older have one vote in the election. Form 990, Part VI, Section B, Line 11b A copy of Form 990 is provided to each member of the board of directors at the monthly board meeting for their approval. Form 990, Part VI, Section B, Line 12c As a small organization, we rely on open communication and immediately address any conflicts. Form 990, Part VI, Section B, Line 15 The board of directors utilized the compensation survey obtained from Cornerstone Credit Union League as one aspect in determining compensation for the President/CEO. Decisions are documented in signed minutes of the meeting(s). Form 990, Part VI, Section C, Line 19 Our governing documents and conflicts of interest policy are available to our members upon request. Financial Statements are posted in out lobby monthly. Form 990, Part XI, Line 9 The decrease in our net assets is due to a decrease in member shares/savings. This is an amended return for the year 2023 to enter the legal name of one of the employees.