2026-08-14T13:59:40-05:00 2025-12-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2025-01-01 741129327 EDUCATORS CREDIT UNION EDUC 2547767900 501 W STATE HWY 6 WACO TX 76712 WILLIAM PALASOTA PRESIDENT 2547767900 2026-07-29 1 SHARON M HERWALD CPA P00079864 2547724901 2025 2025-03-06 01:10:19Z WILLIAM PALASOTA 501 W STATE HWY 6 WACO TX 76712 27008763 0 X WWW.EDCU.COM X 1938 TX TO PROVIDE REASONABLY PRICED FINANCIAL SERVICES TO THE MEMBERS OF THE ORGANIZATION. 7 7 59 0 52000 0 0 0 2084054 2152227 22421068 24828068 19434 28468 24524556 27008763 12000 12000 0 0 4684484 4631297 0 0 0 9881277 10495693 14577761 15138990 9946795 11869773 549328667 594816789 444324975 477943324 105003692 116873465 EDUCATORS CREDIT UNION IS COMMITTED TO PROVIDING SOUND FINANCIAL SERVICES, WHICH ARE BENEFICIAL TO THE MEMBER OWNER. THE CREDIT UNION WILL ACCOMPLISH THIS IN A CARING AND PROFESSIONAL MANNER. 0 0 THE LARGEST CREDIT UNION IN CENTRAL TEXAS, EDUCATORS CREDIT UNION MEETS THE FINANCIAL NEEDS OF ITS MEMBERS BY PROVIDING A WIDE VARIETY OF SERVICES AT COMPETITIVE RATES IN SEVEN CONVENIENT LOCATIONS. THE CREDIT UNION SERVES MORE THAN 36,000 MEMBERS WHO LIVE, WORK, OR ATTEND SCHOOL IN THE TEXAS COUNTIES OF MCLENNAN, BOSQUE, BELL, LIMESTONE, FALLS, HAMILTON, HILL, CORYELL, AND LAMPASSAS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 10982 0 1 59 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 0 1 0 0 1 1 1 1 0 X WILLIAM PALASOTA 2547767900 501 W STATE HWY 6 WACO TX 76712 AL POLLARD CHAIRMAN 1.00 X X 0 0 0 CONNIE WEDEMEYER VICE CHAIRMAN 1.00 X X 0 0 0 HAZEL ROWE SECRETARY 1.00 X X 0 0 0 AIMEE SHELTON DIRECTOR 1.00 X 0 0 0 STAN MITCHELL DIRECTOR 1.00 X 0 0 0 ANGELO OCHOA DIRECTOR 1.00 X 0 0 0 JEREMIAH BLAND DIRECTOR 1.00 X 0 0 0 WILLIAM PALASOTA PRESIDENT 40.00 X 491019 0 76983 SHARON SCHROEDER V.P. ACCOUNTING 40.00 X 378123 0 59780 MONICA KRENEK V.P. LENDING 40.00 X 164766 0 33493 RYAN GONZALES IT DIRECTOR 40.00 X 193568 0 37237 RACHEL E KUEHL MARKETING DIRECTOR 40.00 X 151444 0 31761 1378920 0 239254 5 0 1 0 0 MEMBER FEES, ETC 522100 2100227 2100227 NON MEMBER ATM FEES, MBI & MISC 522100 52000 52000 2152227 24828068 24828068 MEMBER RELATED INSURANCE COMMISSI 524298 26268 26268 COMMISSION INCOME ON INVESTMENTS 523000 2200 2200 28468 27008763 26956763 52000 0 12000 1227476 2375819 354339 446274 227389 328891 84487 214148 439294 1132549 406352 85880 7424378 130640 93018 LOAN LOSS EXPENSE 156056 15138990 1422657 2402825 64588634 35432950 151816956 146646949 9548265 5294347 4411575 4253918 321005551 399144174 6083294 6935973 549328667 594816789 444324975 477943324 444324975 477943324 X 0 0 0 0 105003692 116873465 105003692 116873465 549328667 594816789 11869773 0 X X 0 1 X 1 0 1262001 1262001 5462396 2600299 2862097 2823868 2694048 129820 4253918 0 SEVERAL SCHOLARSHIPS ARE AWARDED EACH YEAR TO GRADUATING SENIORS WHO ARE CREDIT UNION MEMBERS OR THE DEPENDENT OF A CREDIT UNION MEMBER. TWELVE SCHOLARSHIPS OF $1,000 WERE AWARDED IN THE CURRENT YEAR. 12 12000 X 1 1 X X X X 0 1 0 WILLIAM PALASOTA PRESIDENT 463062 0 27957 0 0 0 48891 0 28092 0 568002 0 0 0 SHARON SCHROEDER V.P. ACCOUNTING 358030 0 20093 0 0 0 45740 0 14040 0 437903 0 0 0 RYAN GONZALES IT DIRECTOR 193568 0 0 0 0 0 25163 0 12074 0 230805 0 0 0 MONICA KRENEK V.P. LENDING 164766 0 0 0 0 0 21419 0 12074 0 198259 0 0 0 RACHEL E KUEHL MARKETING DIRECTOR 151444 0 0 0 0 0 19687 0 12074 0 183205 0 0 0 PART I, LINE 1A IT IS CREDIT UNION POLICY TO PAY FOR THE TRAVEL EXPENSES OF THE SPOUSE OF A DIRECTOR OR EMPLOYEE WHILE THE DIRECTOR OR EMPLOYEE IS ON A BUSINESS TRIP. PART I, LINE 4B WILLIAM PALASOTA - 457B PLAN - $13,597 SHARON SHROEDER - 457B PLAN - $11,343 MONICA KRENEK - 457B PLAN - $5,022 RYAN GONZALES - 457B PLAN - $5,868 RACHEL KUEHL - 457B PLAN - $4,543 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S CUSTOMERS ARE CONSIDERED MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS MEET ANNUALLY IN MARCH TO ELECT DIRECTORS TO THE OPEN POSTIONS ON THE BOARD. A SPECIAL NOMINATING COMMITTEE SELECTS THE CANDIDATES ON WHICH THE MEMBERSHIP VOTES. CURRENT BYLAWS DO NOT ALLOW FOR NOMINATIONS FROM THE FLOOR DURING THE ANNUAL MEETING, BUT ANY MEMBER OF LEGAL AGE DESIRING NOMINATION MAY DO SO BY PRESENTING A PETITION WITH 200 SIGNATURES OF PRIMARY ACCOUNT HOLDERS TO THE NOMINATING COMMITTEE BY THE SPECIFIED DATE IN THE JANUARY NEWSLETTER. FORM 990, PART VI, SECTION A, LINE 7B ANY GOVERNANCE DECISIONS REQUIRING RATIFICATION BY THE MEMBERSHIP ARE PRESENTED AT THE ANNUAL MEETING AND ARE VOTED ON BY THE MEMBERSHIP PRESENT AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS NOT PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING, BUT IS AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS DURING A REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION POSTS ITS FINANCIAL STATEMENTS AT ALL BRANCHES. THE GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE OVERSIGHT/SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.