2025-10-02T08:21:33-05:00 2024-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2024-01-01 750796472 FORT WORTH COMMUNITY CREDIT UNION FORT 8178355000 PO BOX 210848 BEDFORD TX 76095 DIANE DORSEY PRESIDENT/CEO 8178355000 2025-10-01 1 1 REBECCA A RODRIGUEZ P01073764 2108286281 2025-10-01 2024 2025-03-06 01:10:19Z DIANE DORSEY PO BOX 210848 BEDFORD TX 76095 71431326 0 X WWW.FTWCCU.ORG X 1940 TX THRIFT SAVINGS AND BORROWING FOR MEMBERS. THE CREDIT UNION IS REGULATED BY THE STATE OF TEXAS. THE CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. THE CREDIT UNION OFFERS PRODUCTS AND SERVICES IN FOUR PRIMARY AREAS: SHARE ACCOUNTS, CHECKING ACCOUNTS, CONSUMER LOANS AND REAL ESTATE LOANS. 9 9 213 9 45873 0 0 0 48236645 51872206 12293111 16257373 614301 155419 61144057 68284998 0 0 0 0 16838371 18040297 0 0 0 37612038 40741325 54450409 58781622 6693648 9503376 1206269215 1224541959 1091053692 1099823060 115215523 124718899 TO PROMOTE THRIFT SAVINGS AND BORROWING. 0 0 SHARE ACCOUNTS - OUR SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH THE BRANCH NETWORK, HOME BANKING VIA THE INTERNET OR TELEPHONE AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS DESIGNED FOR CHILDREN AND TEENAGERS ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. CHECKING ACCOUNTS - OUR CHECKING ACCOUNTS PROVIDE VARIOUS FEATURES FOR CONSUMERS, FROM FREE ACCOUNTS TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT ARE PAID MONTHLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THOSE ACCOUNTS TO ALL MEMBERS WITH FREE DEBIT CARDS, INTERNET ACCOUNT ACCESS AND FREE USE OF THE INTERNET BILL PAYER PLATFORM. CONSUMER LOANS - OUR CONSUMER LOANS PROVIDE ALL TYPES OF LOANS. THE FOLLOWING TYPES OF LOANS ARE AVAILABLE: VEHICLES, RECREATIONAL VEHICLES, MORTGAGES, SIGNATURE, HOME EQUITY, CREDIT CARDS, SECURED LOANS, ETC. THE CREDIT UNION PROVIDES HOME EQUITY LOANS ALONG WITH MORTGAGE LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 18872 0 1 213 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 0 0 1 1 0 0 X DIANE DORSEY 8178355000 1905 FOREST RIDGE DRIVE BEDFORD TX 76021 LEIGHTON WATERS BOARD MEMBER 2.00 X 3665 0 0 MICHAEL CLARDY BOARD MEMBER-SECRETARY/TREASURER 2.00 X X 2554 0 0 JUDE KIAH BOARD MEMBER 2.00 X 1500 0 0 CHARLES REDDING BOARD MEMBER-CHAIR 2.00 X X 1500 0 0 CHASITY CRAWLEY BOARD MEMBER 2.00 X 1375 0 0 TUNISIA SADRUDDIN BOARD MEMBER-VICE CHAIR 2.00 X X 1375 0 0 JANICE GRACZYK BOARD MEMBER 2.00 X 1250 0 0 TOMAS TIJERINA BOARD MEMBER 2.00 X 1250 0 0 JOSEPH LOZANO FMR BOARD MEMBER (UNTIL 2024) 2.00 X 500 0 0 LOUISE MOLINAR BOARD MEMBER 2.00 X 0 0 0 DIANE DORSEY PRESIDENT/CEO 40.00 X 477383 0 52961 MICHAEL FRANKO SVP FINANCE 40.00 X 359552 0 34810 TAMMY TRUDELLE VP HUMAN RESOURCES 40.00 X 293727 0 41354 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MANAGEMENT 40.00 X 199611 0 40143 JOHNNY NEIL SPENCER VP SUPPORT SERVICES 40.00 X 180449 0 45470 KAREN MARTINEZ VP OPERATIONS 40.00 X 183322 0 35672 BRANDY SCARLETT VP MARKETING 40.00 X 144867 0 42856 MERRILL CURRIER VP INFORMATION TECHNOLOGY 40.00 X 222205 0 41499 DOUG BEDNER VP LENDING 40.00 X 252739 0 1627 KOSTAS LEUCKER INVESTMENT CONSULTANT 40.00 X 428294 0 58155 GINDA ABRAHAM FMR AVP ACCOUNTING (UNTIL 7/26/24) 40.00 X 189615 0 15441 SHELIA HAILEY AVP REAL ESTATE 40.00 X 132456 0 31973 LISA PIPPIN AVP LENDING 40.00 X 132649 0 21007 TERRI BOOP AVP BRANCH OPERATIONS 40.00 X 142810 0 9996 3354648 0 472964 19 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD SERVICES 2556285 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 WEBSITE SERVICES 1136744 FISERV PO BOX 208457 DALLAS TX 753208457 SOFTWARE SERVICES 631020 LANVERA LTD 112 WRANGLER DR STE 150 COPPELL TX 75019 MAILING SERVICES 484407 FIS PO BOX 4535 CAROL STREAM IL 601974535 CREDIT CARD SERVICES 403304 21 INTEREST ON LOANS 522100 40989509 40989509 LOAN FEE INCOME 522100 7214622 7214622 MEMBER FEES & CHARGES 522100 3668075 3622202 45873 51872206 16251384 16251384 3136372 15945 3144839 1489 -8467 14456 5989 5989 GAIN ON INVESTMENT 900999 155000 155000 MISCELLANEOUS 522100 419 419 155419 68284998 51981752 45873 16257373 4502752 9434286 695760 2445769 961730 5096526 39234 553669 669733 2093357 1379612 1314457 95401 20320915 1192866 402262 PROVISION FOR LOAN LOSS 5216411 LOAN SERVICING 1711195 MISCELLANEOUS EXPENSE 655687 58781622 4385613 5051198 145748365 165421915 967354 801113 19939160 22157292 722617508 645438282 5360564 6604757 41640825 17218587 25164344 24422238 270668465 342687783 11417842 11957381 1206269215 1224541959 11460893 9159015 1079592799 1090664045 1091053692 1099823060 X 0 0 0 0 115215523 124718899 115215523 124718899 1206269215 1224541959 9503376 0 X X 0 0 0 8613873 8613873 25183737 10647173 14536564 280037 267536 12501 7436473 6229148 1207325 126705 74730 51975 24422238 MEMBER SHARES 1090664045 1090664045 PARTS XI AND XII: FINANCIAL STATEMENTS ARE AUDITED THROUGH JUNE 30, 2024. X X 1 1 X X X X 0 1 0 DIANE DORSEY PRESIDENT/CEO 443160 0 29075 0 5148 0 22346 0 30615 0 530344 0 0 0 KOSTAS LEUCKER INVESTMENT CONSULTANT 415389 0 12905 0 0 0 21513 0 36642 0 486449 0 0 0 MICHAEL FRANKO SVP FINANCE 317545 0 22181 0 19826 0 23206 0 11604 0 394362 0 0 0 TAMMY TRUDELLE VP HUMAN RESOURCES 263347 0 19902 0 10478 0 19556 0 21798 0 335081 0 0 0 MERRILL CURRIER VP INFORMATION TECHNOLOGY 207864 0 13876 0 465 0 7754 0 33745 0 263704 0 0 0 DOUG BEDNER VP LENDING 239875 0 12234 0 630 0 0 0 1627 0 254366 0 0 0 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MANAGEMENT 179751 0 18153 0 1707 0 13339 0 26804 0 239754 0 0 0 JOHNNY NEIL SPENCER VP SUPPORT SERVICES 154480 0 16326 0 9643 0 11956 0 33514 0 225919 0 0 0 KAREN MARTINEZ VP OPERATIONS 157931 0 17507 0 7884 0 12044 0 23628 0 218994 0 0 0 GINDA ABRAHAM FMR AVP ACCOUNTING (UNTIL 7/26/24) 181105 0 6000 0 2510 0 8260 0 7181 0 205056 0 0 0 BRANDY SCARLETT VP MARKETING 127571 0 17026 0 270 0 9554 0 33302 0 187723 0 0 0 SHELIA HAILEY AVP REAL ESTATE 115498 0 12186 0 4772 0 8820 0 23153 0 164429 0 0 0 LISA PIPPIN AVP LENDING 120377 0 10799 0 1473 0 8480 0 12527 0 153656 0 0 0 TERRI BOOP AVP BRANCH OPERATIONS 129149 0 10886 0 2775 0 9114 0 882 0 152806 0 0 0 PART I, LINE 1A *TRAVEL FOR COMPANIONS - ANY BOARD/AUDIT COMMITTEE MEMBER OR STAFF CAN APPLY TO TRAVEL FOR A CONFERENCE. TRAVEL IS FOR CREDIT UNIION BUSINESS. IF A SPOUSE OR GUEST GOES WITH THE PERSON, THEN IT IS TAXABLE FOR THAT PORTION ON A FORM 1099. EMPLOYEES HAVE TO REIMBURSE FOR GUESTS. *HEALTH OR SOCIAL CLUB DUES - THE PRESIDENT AND VP'S ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR HEALTH CLUB DUES UP TO $75 PER MONTH. THIS IS NOT SHOWN AS TAXABLE INCOME TO THESE EMPLOYEES. PART I, LINE 4B THE CREDIT UNION HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR CERTAIN EXECUTIVE OFFICERS OF THE CREDIT UNION. THE SERP WAS FUNDED WITH A SECURED SPLIT DOLLAR (SSD) DESIGN. THE CREDIT UNION ENTERED INTO AN AGREEMENT TO PURCHASE SSD INSURANCE POLICIES ON BEHALF OF CERTAIN EXECUTIVE OFFICERS. THE INSURANCE POLICIES ARE SUBJECT TO A COLLATERAL ASSIGNED BY THE CREDIT UNION AND SUBJECT TO CERTAIN VESTING REQUIREMENTS. THERE WERE NO PAYMENTS FROM THE SSD PLANS. SEE SCHEDULE L, PART II FOR ADDITIONAL DETAILS. DIANE DORSEY OFFICER FUND LIFE INSURANCE X 2440599 2590920 0 1 1 RICHARD HOWDESHELL FORMER OFFICER (RETIRED) FUND LIFE INSURANCE X 2861959 3080760 0 1 1 TAMMY TRUDELLE OFFICER FUND LIFE INSURANCE X 711815 766233 0 1 1 ROCHELLE DRAKE FORMER OFFICER (RETIRED) FUND LIFE INSURANCE X 1654678 1843158 0 1 1 KYLE KOKE FORMER OFFICER (RETIRED) FUND LIFE INSURANCE X 11920080 1283138 0 1 1 MICHAEL J FRANKO OFFICER FUND LIFE INSURANCE X 1118566 1204081 0 1 1 KAREN MARTINEZ OFFICER FUND LIFE INSURANCE X 994267 957160 0 1 1 VALERIE GROSSKURTH OFFICER FUND LIFE INSURANCE X 895092 862190 0 1 1 CARL AUZENNE FORMER OFFICER (RETIRED) FUND LIFE INSURANCE X 824369 887393 0 1 1 MARC RHODES FORMER OFFICER (RETIRED) FUND LIFE INSURANCE X 4917838 5645185 0 1 1 NEIL SPENCER OFFICER FUND LIFE INSURANCE X 622719 649199 0 1 1 BRANDY SCARLETT OFFICER FUND LIFE INSURANCE X 331821 314917 0 1 1 MERRILL CURRIER OFFICER FUND LIFE INSURANCE X 850873 851872 0 1 1 DOUG BEDNER OFFICER FUND LIFE INSURANCE X 1221086 1221086 0 1 1 22157292 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE AVP OF ACCOUNTING AND THE CEO OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE CEO IS APPROVED BY THE BOARD AND A COMPENSATION COMMITTEE AND COMPENSATION SURVEY IS USED ALONG WITH A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION DISPLAYS CURRENT FINANCIALS STATEMENTS AT EACH BRANCH. GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2: FINANCIAL STATEMENTS ARE AUDITED THROUGH JUNE 30, 2024. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS APPOINTED BY THE BOARD OF DIRECTORS AND HAS THE RESPONSIBILITY FOR GENERAL OVERSIGHT OF THE INTERNAL AUDIT DEPARTMENT AND HAS THE AUTHORITY TO ENGAGE AN ACCOUNTING FIRM TO CONDUCT THE ANNUAL AUDIT. THE CREDIT UNION HAS NOT CHANGED ITS OVERSIGHT OR ELECTION PROCESS.