2024-10-21T15:23:33-05:00 2023-12-31 382492570 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2023-01-01 741301187 EASTEX CREDIT UNION EAST 4092762525 966 FM 105 EVADALE TX 77615 LORETTA CHATAGNIER PRESIDENT/CEO 4092762525 2024-10-11 1 0 JOHN J MURNANE JR P03021572 3052328272 2024-10-11 2023 2024-10-15 13:58:12Z LORETTA CHATAGNIER 966 FM 105 EVADALE TX 77615 9148429 0 X WWW.EASTEXCU.ORG X 1955 TX TO PROVIDE PEOPLE WITH THE BEST FINANCIAL SOLUTIONS. 7 7 49 7 46228 0 0 0 5017312 5408027 370973 482173 165176 196406 5553461 6086606 0 10000 0 0 1991309 2008076 0 0 0 3245438 3786424 5236747 5804500 316714 282106 114544925 116594574 102352451 104218121 12192474 12376453 TO PROVIDE PEOPLE WITH THE BEST FINANCIAL SOLUTIONS. 0 0 EASTEX CREDIT UNION IS A COOPERATIVE PROMOTING FINANCIAL STABILITY TO OUR MEMBERSHIP. WE ACCOMPLISH THIS BY INVESTING MEMBERSHIP FUNDS AND PROVIDING LOANS AND DEPOSITS WHICH GIVE US THE OPERATING INCOME AND CASHFLOW WE NEED TO PROVIDE THESE SERVICES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 2000 0 1 49 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 0 1 1 1 0 X LORETTA CHATAGNIER 4092762525 966 FM 105 EVADALE TX 77615 JAMES PARSLEY CHAIRMAN 1.00 X 0 0 0 DIANE ETUE V. CHAIRMAN 1.00 X 0 0 0 MARLENE LACY BOD MEMBER 1.00 X 0 0 0 SHANNON ADAMS BOD MEMBER 1.00 X 0 0 0 RUSTY MINYARD BOD MEMBER 1.00 X 0 0 0 MARVIN MOTT BOD MEMBER 1.00 X 0 0 0 BENJAMIN BRUCE BOD MEMBER 1.00 X 0 0 0 LORETTA CHATAGNIER PRESIDENT/CEO 40.00 X 174715 0 16449 CONNIE HAWTHORNE COO 40.00 X 79010 0 19105 253725 0 35554 1 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 CORE SYSTEM PROVIDER 394577 TRANSFUND PO BOX 24128 OKLAHOMA CITY OK 73124 DEBIT CARD PROCESSOR 290357 BANK TEC SOUTH 4150 VIKING DR BOSSIER CITY LA 71111 ATM SERVICE PROVIDER 244965 CORELATION INC 2305 HISTORIC DECATUR RD SAN DIEGO CA 92106 CORE SYSTEM PROVIDER 179563 PMD GROUP PO BOX 1918 TOMBALL TX 77377 MARKETING 148993 5 INCOME ON LOANS 522100 3468407 3468407 FEES/CHARGES/OTHER 522100 1893392 1893392 FINANCE AND INSURANCE 520000 46228 46228 5408027 448996 448996 3095000 3061823 33177 33177 33177 CREDIT LIFE DISABILITY INSURANCE 522100 196406 196406 196406 6086606 6040378 46228 0 X 4000 6000 289279 1306343 40140 253049 119265 10145 43940 169807 228540 410059 250014 204550 29447 731519 26712 282806 76205 ATM EXPENSES 577880 PROVISION FOR LOAN LOSS 393277 LOAN SERVICING 231904 MISCELLANEOUS 73102 46517 5804500 1791719 1707136 3538326 3905568 5227 59475 66799374 69505879 610901 491019 7304571 3780913 3283012 3523658 34242340 32798340 4274026 4603499 114544925 116594574 1625693 884468 100726758 103333653 102352451 104218121 X 0 0 0 0 12192474 12376453 12192474 12376453 114544925 116594574 X 282106 -98127 X 0 0 0 562126 562126 3676444 1467749 2208695 3066001 2313164 752837 3523658 LONG TERM CERTIFICATES OF DEPOSIT 32697000 C CATALYST CORP PCC 101340 C 32798340 CERTIFICATES OF DEPOSIT 15356623 IRA CERTIFICATES 2100196 IRA'S 5244970 MONEY MARKET 7079530 SHARE DRAFTS 21438003 SHARES 52114331 103333653 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. 1 SCHOLARSHIPS 6 6000 PART I, LINE 2: APPLICANTS MUST COMPLETE A SCHOLARSHIP APPLICATION THAT IS THEN SENT TO A THIRD PARTY SET OF INDIVIDUALS FOR EVALUATION AND SELECTION. THE RECIPIENTS MUST BE A MEMBER OF EASTEX CREDIT UNION AND THE FUNDS ARE TRANSFERRED TO THEIR ACCOUNT AFTER A COPY OF THE SEMESTER'S REGISTRATION IS RECEIVED. X 0 0 0 LORETTA CHATAGNIER PRESIDENT/CEO 174715 0 0 0 0 0 0 0 16449 0 191164 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH BOARD MEMBER AND SUPERVISORY COMMITTEE MEMBER SERVES A 1-3 YEAR TERM, AND IS NOMINATED AND ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE CEO WILL REVIEW THE 990 FOR ACCURACY AND AUTHORIZE THE ELECTRONIC FILING OF THE RETURN WITH THE IRS. THE BOARD WILL BE SUPPLIED WITH A COPY OF THE 990 AT THE NEXT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS ANNUALLY DURING A PLANNED EXECUTIVE SESSION. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO USING PERFORMANCE REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY HAVE NOT BEEN MADE READILY AVAILABLE TO THE GENERAL PUBLIC. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES 169,807. FORM 990, PART IX, LINE 24E MAINTENANCE 36,131. DEBIT CARD EXPENSES 10,386. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -98,127.