2023-04-03T09:23:11-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-01-01 741271704 CENTEX CITIZENS CREDIT UNION CENT 2545629296 PO BOX 1252 MEXIA TX 76667 TAMI GRIFFIN INTERIM PRESIDENT 2545629296 2023-04-03 1 TAMI GRIFFIN 999009999 MARY C GREEN P00447183 6022662248 2023-03-30 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z X TAMI GRIFFIN PO BOX 1252 MEXIA TX 76667 4365839 0 X WWW.MYOWNCU.COM X 1954 TX CENTEX CITIZENS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION WITH A STATE CHARTER AND IS A MEMBER OF THE NATIONAL SHARE INSURANCE FUND. 7 7 36 8 32953 0 0 0 4536698 4321166 129221 44673 58242 0 4724161 4365839 0 0 553679 438049 1461753 1570453 0 0 0 2308451 2401331 4323883 4409833 400278 -43994 79501349 89737689 66027072 76208151 13474277 13529538 COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES. 0 0 SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CENTEX CITIZENS CREDIT UNION HAS 10,677 MEMBERS. CHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. 48% OF MEMBERS HAVE CHECKING ACCOUNTS. CONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1023 0 36 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X ARIEL MINCHEW 2545629296 PO BOX 1252 MEXIA TX 76667 JANIS MASSEY PRESIDENT 40.00 X 127270 0 13615 TAMI GRIFFIN VP OF OPERATIONS/LENDING 40.00 X 68209 0 11070 DEBBIE WILSON VP OF BUSINESS DEV. & MARKETING 40.00 X 67740 0 0 LATONYA MOLINA VP OF ADMINISTRATION 40.00 X 47931 0 10128 KENNETH POLLARD JR CHAIR (LEFT 08/20) 1.00 X X 0 0 0 RICHARD JOHNSON CHAIR 1.00 X X 0 0 0 TERRY DON SHIVERS TREASURER 1.00 X X 0 0 0 BOBBY MCDONALD SECRETARY 1.00 X X 0 0 0 REBECCA VAUGHN BOARD MEMBER 1.00 X 0 0 0 DENNIS WILSON BOARD MEMBER 1.00 X 0 0 0 DR JOE SAUCEDO BOARD MEMBER 1.00 X 0 0 0 ARTHUR BUSBY JR BOARD MEMBER 1.00 X 0 0 0 311150 0 34813 1 0 0 0 FISERV PO BOX 99924 GRAPEVINE TX 760999724 DATA PROCESSING 971913 1 INTEREST ON LOANS 522100 2916319 2916319 SHARE DRAFT INCOME 522100 644509 644509 DEBIT CARD INCOME 522100 552456 552456 FEE INCOME 522100 132105 132105 INSURANCE INCOME 522100 42824 42824 32953 32953 4321166 44673 44673 4365839 4288213 32953 44673 X 438049 345963 875479 90348 176706 81957 14204 26100 1069304 29557 171688 249139 4642 289352 44796 ATM/DEBIT CARD EXPENSE 273967 MASTERCARD EXPENSE 87977 MISCELLANEOUS 43384 CREDIT REPORT EXPENSE 27916 69305 4409833 2307599 3546946 16641992 26594581 392867 0 51864336 51087191 67611 60877 9242880 1434951 7500738 7807929 337959 255372 388247 384793 79501349 89737689 925590 1152810 65101482 75055341 66027072 76208151 X 0 0 0 0 13474277 13529538 13474277 13529538 79501349 89737689 X -43994 -28709 127964 X X 0 0 0 894585 894585 7446351 1084978 6361373 901944 349973 551971 7807929 MEMBER DEPOSIT ACCOUNTS 75055341 75055341 FORM 990 - AMENDED RETURN CHANGES THE FORM 990 WAS AMENDED TO ADJUST THE PENSION PLAN ASSETS AND RELATED UNREALIZED GAIN (LOSS) DUE TO A CORRECTED JOURNAL ENTRY THAT WAS MADE AFTER THE RETURN WAS FILED. THE FOLLOWING ARE THE CHANGES THAT IMPACTED THE RETURN: 1. PART I, LINE 20, CURRENT YEAR COLUMN, AMOUNT INCREASED FROM $89,593,723 TO $89,737,689 2. PART I, LINE 22, CURRENT YEAR COLUMN, AMOUNT INCREASED FROM $13,385,572 TO $13,529,538 3. PART X, COLUMN B, LINE 15, AMOUNT INCREASED FROM $240,827 TO $384,793 4. PART X, COLUMN B, LINE 16, AMOUNT INCREASED FROM $89,593,723 TO $89,737,689 5. PART X, COLUMN B, LINE 31 AND 32, AMOUNTS INCREASED FROM $13,385,572 TO $13,529,538 6. PART X, COLUMN B, LINE 33, AMOUNT INCREASED FROM $89,593,723 TO $89,737,689 7. PART XI, LINE 5, INCREASED FROM ($172,675) TO ($28,709) 8. PART XI, LINE 10, INCREASED FROM $13,385,572 TO $13,529,538 FORM 990, PART VI, SECTION A, LINE 6 CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK OR RESIDE IN LIMESTONE COUNTY, TEXAS AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SOUTH OF HIGHWAY 22; AND THAT PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO; AND THAT PORTION OF ELLIS COUNTY WITH POSTAL CODES 75101, 76670, 76651, 76623, 75119; WITH THE FOLLOWING EXCLUSIONS: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCIATION-BASED CREDIT UNIONS IN NAVARRO AND HILL COUNTIES AND MEMBERS OF THE FAMILY OF SUCH PERSONS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A QUORUM OF THE MEMBERSHIP (25 OR MORE MEMBERS) OF CENTEX CITIZENS CREDIT UNION ELECTS TWO OR THREE PERSONS TO SERVE THREE YEAR TERMS ON THE BOARD OF DIRECTORS. THIS QUORUM CONVENES AT AN ANNUAL MEETING HELD BEFORE JUNE 1ST OF EACH YEAR. EACH MEMBER IS ALLOWED ONE VOTE AND NO MEMBER IS ALLOWED TO VOTE BY PROXY. 45 DAYS PRIOR TO THE ANNUAL MEETING THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE THAT DETERMINES IF THE NOMINEE IS QUALIFIED TO SERVE AS A BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF CENTEX CITIZENS CREDIT UNION'S GOVERNING BODY FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT FOR REVIEW. WHEN THE BOARD OF DIRECTORS ARE SATISFIED THE REPORT HAS BEEN COMPLETED ACCURATELY AND CORRECTLY, THEY GIVE FINAL APPROVAL FOR IT TO BE SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. COVERED INDIVIDUALS (OR THEIR FAMILIES) MUST COMPLETELY DISCLOSE FINANCIAL INTERESTS HELD IN ANY ORGANIZATION WHICH MAY BE CONSIDERED A CREDIT UNION COMPETITOR OR BUSINESS CONTACT. IF MANAGEMENT CONCLUDES THAT A REAL OR PERCEIVED CONFLICT OF INTEREST EXISTS, APPROPRIATE ACTION TO RESOLVE THE CONFLICT SHOULD BE TAKEN. MANAGERS OF COVERED INDIVIDUALS WHO ARE ENGAGED IN APPROVED OUTSIDE BUSINESS ACTIVITIES MUST MAINTAIN AN ONGOING REVIEW OF THE SITUATION TO ENSURE THAT CHANGED CIRCUMSTANCES DO NOT CREATE VIOLATIONS OF THIS POLICY. AS OUTLINED IN CREDIT UNION PROCEDURE, COPIES OF WRITTEN REPORTS OF ANY DISCLOSURES MADE BY COVERED INDIVIDUALS WILL BE MAINTAINED BY MANAGEMENT. DOCUMENTATION OF COVERED INDIVIDUALS WRITTEN ACKNOWLEDGEMENT OF COMPLIANCE WITH THIS CODE OF ETHICS WILL ALSO BE MAINTAINED, AS WILL ANY MODIFICATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE WHICH USES THE CUNA ANNUAL COMPENSATION SURVEY TO ASSIST IN DETERMINING THE PRESIDENT'S COMPENSATION. ANY FINAL DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THE PRESIDENT DETERMINES THE COMPENSATION FOR OFFICERS AND ALL EMPLOYEES USING THE SAME CUNA ANNUAL COMPENSATION SURVEY. ALL DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 CENTEX CITIZENS CREDIT UNION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER 97,391. FISERV 971,913. FORM 990, PART XI, LINE 9: LOSS ON PENSION PLAN ASSETS -65,045. RECOVERY OF LOSS OF ASSETS 193,009. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDITED FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.