2025-08-20T16:54:16-07:00 2024-12-31 813729730 Elevate CFO & Tax LLC PO Box 3524 San Angelo TX 769023524 990 2024-01-01 750776993 Concho Valley Credit Union CONC 3256587557 1002 S Abe St San Angelo TX 76903 Kimberly Perrine President & CEO 2025-08-20 true true Christopher J Matlock CPA P01229814 3252421830 2024 2025-03-06 01:10:19Z 1002 S Abe St San Angelo TX 76903 1146832 false X www.conchovalleycu.com X 1928 TX COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES TO 1410 ENTITIES IN THE SURROUNDING AREA. 9 9 7 738 0 620107 674899 319048 405436 46015 46910 985170 1127245 0 0 361264 387334 0 0 482649 580795 843913 968129 141257 159116 22831818 23250432 81995 124291 22749823 23126141 COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES TO 1410 ENTITIES IN THE SURROUNDING AREA. false false SHARE ACCOUNTS: CONCHO VALLEY CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. THE CREDIT UNION HAD 1412 MEMBER-OWNER ACCOUNTS ON DECEMBER 31, 2024. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS TO HOME BANKING VIA THE INTERNET OR TELEPHONE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. SHARE DRAFT ACCOUNTS (CHECKING): CONCHO VALLEY CREDIT UNION PROVIDES FREE CHECKING ACCOUNTS FOR MEMBERS AND DIVIDENDS ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND FREE USE OF INTERNET NILL PAYER SOFTWARE. CONSUMER LOANS: CONCHO VALLEY CREDIT UNION HAS PROVIDED NEW AND USED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOATS, MOTORCYCLES, AND PERSONAL LOANS. CONSUMER LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOAN TYPES. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 329 0 true 7 false false false false false false false false false X 9 9 false false false false true true false false false false false true false false false false true false X Kimberly Perrine 3256587557 1002 S Abe St San Angelo TX 76903 Kimberly Perrine President & CEO 40.00 0.00 X 90361 0 5019 Cindy Baker Vice President 40.00 0.00 X 68996 0 19416 Justin Ahlers Chairman 1.00 0.00 X X 0 0 0 Gregg Bowman Director 1.00 0.00 X 0 0 0 Clint Holik Director 1.00 0.00 X 0 0 0 Vona Hudson Chairman 1.00 0.00 X X 0 0 0 Brad Jones Chairman 1.00 0.00 X 0 0 0 Tony Kieffer Chairman 1.00 0.00 X 0 0 0 Rudy Olivas Secretary 1.00 0.00 X 0 0 0 Anna Thomas Secretary 1.00 0.00 X 0 0 0 Amy Zuniga Chairman 1.00 0.00 X 0 0 0 159357 24435 0 false false false 0 0 INTEREST ON LOANS 525990 573091 573091 MEMBER FEES AND CHARGE 525990 101808 101808 674899 405445 405445 0 0 33600 18351 15249 15249 15249 9 -9 -9 -9 0 0 1965 1227 738 738 Other Income 30923 30923 30923 1127245 1111258 738 15249 0 0 0 0 159357 0 203935 0 0 24042 0 6752 2400 0 0 0 0 14677 186198 0 0 44195 3600 0 0 270407 0 20629 0 Loan Servicing Expenses 24966 Association Dues 19787 Reimbursed Expenses 4344 Annual Meeting Expense 2400 -19560 968129 0 0 0 1024324 1523345 10592000 10039000 0 0 0 0 10416886 11139834 0 0 1078243 612769 493255 465474 0 0 0 0 305353 82779 22831818 23250432 52048 83497 29947 40794 81995 124291 X 20373615 20516999 2376208 2609142 22749823 23126141 22831818 23250432 X 159116 217202 X false false false 87750 87750 587413 257662 329751 59329 43579 15750 343751 311528 32223 465474 Dividends Payable 40499 Other Liabilities 295 40794 Form 990, Part VI, Section A, Line 6 The members of the credit union consist of all entities owning a share account. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is provided to each member of the credit union's governing body for review. Questions and comments are then submitted to the CEO for further discussion and a follow-up response is given back to the governing body for approval or amendment. Form 990, Part VI, Section B, Line 12c All officers, directors, and key employees are required to file an annual conflict of interest disclosure statement. Form 990, Part VI, Section B, Line 15b The governing body reviews and compares officer and key employee salaries with comparable institutions in the surrounding areas and evaluates the performance of the employee to determine the appropriate compensation. The governing body review and compares CEO and top management salaries with comparable institutions in the surrounding areas and evaluates the performance of the management personnel to determine the appropriate compensation. Form 990, Part VI, Section C, Line 19 The credit union makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request. Form 990, Part XI, Line 9 Adjustment to CECL Allowance for Loan Loss = $73819 Form 990, Part XI, Line 9 Increase in Member Shares = $143383