2024-05-09T11:01:08-05:00 2023-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-01-01 741367995 RIO GRANDE VALLEY CREDIT UNION RIOG 9564235792 1221 MORGAN BLVD HARLINGEN TX 78550 SHERILYN GOAD CEO 9564235792 2024-05-08 1 SHERILYN GOAD XXX-XX-XXXX 1 JENIFER L CHASE P01306883 5638884000 2024-05-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z RGV CREDIT UNION SHERILYN GOAD 1221 MORGAN BLVD HARLINGEN TX 78550 7638833 0 2742 X WWW.RGVCU.COOP X 1954 TX THE MISSION OF RIO GRANDE VALLEY (RGV) CREDIT UNION IS "YOUR FINANCIAL HELPING HAND". 9 9 53 18 72772 0 0 0 4954149 5578440 832905 1097143 0 963250 5787054 7638833 11990 15460 0 0 2622555 2873144 0 0 0 2253919 2224878 4888464 5113482 898590 2525351 155717321 150057537 143690819 135505684 12026502 14551853 TO BE THE PRIMARY SOURCE FOR FINANCIAL SERVICES AND FINANCIAL EDUCATION FOR OUR MEMBERS. 0 0 CHECKING ACCOUNTS: RIO GRANDE VALLEY (RGV) CREDIT UNION PROVIDES MEMBERS WITH A VARIETY OF CHECKING ACCOUNT TYPES DESIGNED TO FIT THE MEMBERS' NEEDS. FEATURES CAN VARY ANYWHERE FROM FREE CHECKING TO THOSE THAT ARE INTEREST BEARING. DIVIDENDS ARE PAID MONTHLY AND ALL COME WITH FREE INTERNET ACCESS, AND BILL PAY SERVICES. MEMBERS ALSO HAVE FREE ACCESS TO ANY ONE OF RGV CREDIT UNION'S ATMS AND CAN FIND A SURCHARGE FREE ATM THROUGH ALLPOINT ON OUR WEBSITE. LOANS: RIO GRANDE VALLEY CREDIT UNION PROVIDES MEMBERS WITH AFFORDABLE LOANS FOR THE PURCHASE OF A VEHICLE OR A RECREATIONAL VEHICLE, SUCH AS MOTORCYCLES, BOATS, ETC. CREDIT LIFE AND DISABILITY, GAP AND EXTENDED WARRANTIES ARE ALSO AVAILABLE ON ANY OF THESE PRODUCTS. ALSO MORTGAGE LOANS ARE AVAILABLE THROUGH A 3RD PARTY PROCESSOR. SAVINGS ACCOUNTS: RIO GRANDE VALLEY CREDIT UNION SAVINGS ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. DIVIDENDS ARE PAID OUT QUARTERLY AND MEMBERS CAN ACCESS THEIR ACCOUNTS VIA THE INTERNET, ATM, BY PHONE, OR THROUGH HOME BANKING. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 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 1 2124 0 1 53 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 0 1 1 1 0 0 X JANIE SANDOVAL 9564235792 1221 MORGAN BLVD HARLINGEN TX 78550 JOYCE BEATTIE SECRETARY 1.00 X X 0 0 0 CHAD E BENDER BOARD MEMBER 1.00 X 0 0 0 JIM COFFMAN BOARD MEMBER 1.00 X 0 0 0 IMELDA HERNANDEZ TREASURER 1.00 X X 0 0 0 DAVID JONES CHAIRMAN 1.00 X X 0 0 0 CARL LEATHERMAN BOARD MEMBER 1.00 X 0 0 0 ELIZABETH MARTINEZ BOARD MEMBER 1.00 X 0 0 0 EMMA MCCALL BOARD MEMBER 1.00 X 0 0 0 JOE MONTEMAYOR VICE CHAIR 1.00 X X 0 0 0 ALLYSON MORROW FORMER CEO 40.00 X 139608 0 28908 SHERILYN GOAD CEO 40.00 X 111124 0 25036 250732 0 53944 2 0 1 0 CU ANSWERS 6000 28TH ST SE STE 100 GRAND RAPIDS MI 49546 DATA PROCESSOR 469554 1 INTEREST ON LOANS 522100 4055948 4055948 FEE INCOME 522100 1299167 1229795 69372 OTHER OPERATING INCOME 522100 223325 219925 3400 5578440 1097143 1097143 EMPLOYEE RETENTION CREDIT REFUND 522100 963250 963250 963250 7638833 6468918 72772 1097143 7060 8400 304869 2003625 171474 224048 169128 6416 16000 123128 44224 412053 358990 407309 25422 202756 54580 DIVIDENDS PAID TO MEMBE 289693 PROVISION FOR LOAN LOSS 128934 LOAN SERVICING 90104 DUES 31409 33860 5113482 10535181 15838697 988163 825895 88974886 85280811 230577 234177 8136626 3310671 5086671 4825955 48243581 41425038 1658262 1626964 155717321 150057537 3317701 3017031 140373118 132488653 143690819 135505684 X 0 0 0 0 12026502 14551853 12026502 14551853 155717321 150057537 2525351 0 X 0 0 0 519357 519357 6287714 2316288 3971426 1329555 994383 335172 4825955 MORTGAGE BACKED SECURITIES 33572269 C DEPOSITS IN BANKS & S&LS 1324119 C INVESTMENTS IN CORPORATE CREDIT UNIONS 568650 C SIMPLI CD'S 5960000 C 41425038 MEMBER SHARES 132488653 132488653 1 0 0 SCHOLARSHIP ASSISTANCE 4 8400 PART I, LINE 2: THE ORGANIZATION ISSUES SCHOLARSHIP FUNDS DIRECTLY TO INDIVIDUALS TO BE USED FOR SCHOOL EXPENSES AT THE RECIPIENT'S DISCRETION. X X 0 0 0 ALLYSON MORROW FORMER CEO 111771 0 24337 0 3500 0 13147 0 15761 0 168516 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 RIO GRANDE VALLEY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A RIO GRANDE VALLEY CREDIT UNION MEMBERS ELECT THE DIRECTORS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990 IS FORMALLY PRESENTED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING IMMEDIATELY FOLLOWING THE SUBMISSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 15A RIO GRANDE VALLEY CREDIT UNION HIRES A THIRD PARTY TO EVALUATE THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE OVER A 12 MONTH PERIOD. A COMPENSATION SCALE COMPARABLE TO OTHER QUALIFIED PERSONS WHOM ARE FUNCTIONING IN A SIMILAR LEVEL OR POSITION IS PRESENTED TO THE BOARD OF DIRECTORS. THE REPORT INCLUDES A DESCRIPTION OF HOW THE DATA WAS GATHERED AND COMPARED TO SIMILAR ORGANIZATIONS, THE REVIEW PERIOD AND THE CHIEF EXECUTIVE OFFICER'S OVERALL PERFORMANCE RATING. THE GOVERNING BODY WILL THEN REVIEW AND APPROVE THE MERIT INCREASE FOR THE CHIEF EXECUTIVE OFFICER. THE GOVERNING BODY CONTEMPORANEOUSLY DOCUMENTS THE DECISION IN THE BOARD MINUTES. THIS PROCESS LAST OCCURRED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 RIO GRANDE VALLEY (RGV) CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND UNAUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. THE CREDIT UNION DOES NOT HAVE A SEPARATE CONFLICT OF INTEREST POLICY.