2023-11-15T20:39:19-08:00 2022-12-31 990 2022-01-01 750905956 Cooperative Teachers Credit Union COOP 9035612603 1424 WSW Loop 323 Tyler TX 75701 Mary Fulmer Vice President 2023-11-15 Mary Fulmer 999009999 true 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Timothy Miller 1424 WSW Loop 323 Tyler TX 75701 35381561 false X www.coopteachers.com X 1953 TX ENCOURAGES THRIFT (SAVINGS) AND PROVIDES CREDIT (LOANS) TO ITS MEMBERS. 7 7 33 7 16992 1254 0 5534232 5854978 980859 -2755519 109377 21226 6624468 3120685 128623 139230 777374 726308 2004772 1939520 0 0 3376077 4942822 6286846 7747880 337622 -4627195 138383363 124846227 124221509 117327754 14161854 7518473 COOPERATIVE TEACHERS CREDIT UNION ENCOURAGES THRIFT (SAVINGS), PROVIDES CREDIT POSSIBLITIES AT A FAIR AND REASONABLE RATE AND ADEQUATE SERVICES FOR THE MEMBERSHIP IN ORDER TO ENHANCE SOCIAL AND PERSONAL GROWTH THROUGH SOUND MONEY MANAGEMENT. false false COOPERATIVE TEACHERS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBERS SAVINGS ACCOUNTS PAY DIVIDENDS QUARTLER AND OFFER ACCESS THROUGH HOME BANKING VIA THE INTERNET OR TELEPHONE, MOBILE BANKING, AND ATM'S WORLDWIDE. SPECIAL SAVINGS ACCOUNTS ARE DESIGNED FOR CHILDREN TO ENCOURAGE THE DEVELOPMENT OF CONSISTENT SAVINGS HABITS. COOPERATIVE TEACHERS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES, FROM FREE ACCOUNTS TO THOSE THAT OFFER DIVIDENDS THAT ARE PAID QUARTERLY. ADDITIONALLY, THE CREDIT UNION EXTENDS THE REACH OF THESE ACCOUNTS BY OFFERING DEBIT CARDS, INTERNET ACCOUNT ACCESS, AND AN INTERNET BILL PAY PLATFORM. COOPERATIVE TEACHERS CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITIING AND FLEXIBLE OFFERING FOR RECREATIONAL VEHICLES, BOATS, AND MOTORCYCLES. CREDIT LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. false false false false false false false true false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 2622 0 true 33 true true true false false false false false false false X 7 7 false false false false true true false true false false true true false true true true true true true true false X Tim Miller 9035612603 1424 WSW Loop 323 Tyler TX 75701 Timothy Miller President & CEO 40.00 0.00 X 192250 0 29362 Sarah Parlett Vice President 40.00 0.00 X 90913 0 6973 Mary Fulmer Vice President 40.00 0.00 X 84358 0 8952 Nathan Gillen Vice President 40.00 0.00 X 83892 0 6973 David Apperley Vice President 40.00 0.00 X 40333 0 3990 Matt Horton Vice President 40.00 0.00 X 26006 0 776 Wayne Boshears Chairman 1.00 0.00 X 0 0 0 Lynne Stainback Vice Chairman 1.00 0.00 X 0 0 0 Zeb Cantley Secretary 1.00 0.00 X 0 0 0 James Hayden Director 1.00 0.00 X 0 0 0 Gary Howell Director 1.00 0.00 X 0 0 0 Cynthia Johnson Director 1.00 0.00 X 0 0 0 Ora Taylor Director 1.00 0.00 X 0 0 0 517752 57026 1 false true false Crosspointe Mgmt Group 1658 W Grande Blvd Ste 100 Tyler TX 75703 Lease for Branch Location 164194 Fiserv PO BOX 208457 Dallas TX 75320 Credit Union Processor 162216 Strum Agency Inc 2033 6th Ste 600 Seattle WA 98121 Marketing Analytics 102800 3 0 FEES & CHARGES 518400 513599 4801 LOAN INTEREST 4832258 4832258 OTHER NON-INTEREST INC 504320 492129 12191 5854978 727763 727763 0 0 228777 207551 21226 21226 21226 28570043 32053325 -3483282 -3483282 -3483282 0 0 0 0 3120685 3103693 16992 139230 0 0 726308 574778 0 935618 106680 186123 136321 0 91371 78312 0 0 0 265622 232083 475500 489817 0 209708 28301 0 0 466582 0 544622 62939 PROV FOR LOAN LOSSES 1514541 Loan Servicing Expense-Tax 433978 Postage and Shipping 47235 MISC EXP 2217 -6 7747880 0 0 0 1679317 926126 8569704 4075331 0 0 0 0 78017871 95003320 0 217251 194617 10189980 2766574 7639379 7423406 37720106 13107752 0 0 0 4539735 4115675 138383363 124846227 2202540 1908131 148435 265912 121870534 115153711 124221509 117327754 X 14161854 7518473 14161854 7518473 138383363 124846227 X -4627195 -2016189 3 X false true X false false false true X 1569438 1569438 2535157 569779 1965378 3364856 975732 2389124 812166 503747 308419 1908363 717316 1191047 7423406 12 MONTH CD IRA TRADITIONAL 484897 12 MONTH CERTIFICATES 7064453 18 MONTH CERTIFICATES 130797 24 MONTH CERTIFICATES 288608 36 MONTH CERTIFICATES 307254 48 MONTH CERTIFICATES 17078 6 MONTH CERTIFICATES 19317455 6 MONTH IRA TRADITIONAL 175184 60 MONTH CERTIFICATES 187966 BASIC CHECKING/CP RECLASSIFY 32033 CASHIER'S CHECK 1 CHRISTMAS CLUB 2930 CLUBS & ORGAN SHARES 14538 FHLB ADVANCES 14169436 FREE BASIC CHECKING 4781916 INVESTORS CLUB DEPOSITS 34493988 IRA EDUCATION COVERDELL SHARE ACCT 816 IRA ROTH SHARE ACCT. 93381 IRA STARTER SHARE ACCT. 2922235 KIDS CLUB 115849 MONEY ORDERS 1 Rounding 1 SHAREDRAFT ACCT FDA 6598732 SHAREDRAFT/REAL 14722 SHARES REGULAR TYPE 23482262 YOUTH CERTIFICATE 457178 115153711 X 2913134 -207551 -207551 3120685 3120685 7955431 207551 207551 7747880 7747880 Part IV, Line 2b: Explanation of escrow account liability ESCROW ACCOUNTS FOR MEMBER HOME LOANS. PROPERTY TAXES AND INSURANCE ARE HELD IN ESCROW. Part X : FIN48 Footnote Part x: Line 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES.THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTEREST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITIES RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUTATED ITS TAX POSITIONS AND DETEREMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2022 AND 2021.THE CREDIT UNION'S 2019 THROUGH 2021 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. Part XII, Line 2d: Other expenses and losses per audited F/S RENTAL EXPENSES $207551 X X X false false false Timothy Miller President & CEO 128050 64200 5960 29362 227572 Form 990, Part VI, Section A, Line 6 ENTITY IS A NON-PROFIT STATE CHARTER CREDIT UNION. ACCOUNT HOLDERS ARE MEMBERS. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section B, Line 12c AN ANNUAL CONFLICT OF INTEREST STATEMENT IS REQUIRED Form 990, Part VI, Section B, Line 15a CTCU USES A THIRD PARTY TO ANALYZE COMPENSATION FOR KEY EMPLOYEES AND COMPARE TO RELATED POSITIONS IN THE MARKET. Form 990, Part VI, Section B, Line 15b CTCU USES A THIRD PARTY TO ANALYZE COMPENSATION FOR KEY EMPLOYEES AND COMPARE TO RELATED POSITIONS IN THE MARKET. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION IS IN COMPLIANCE WITH ALL APPLICABLE RULES AND REGULATIONS REGARDING PROVIDING INFORMATION TO THE PUBLIC. FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, IN A NEWSLETTER, AND ARE AVAIALBE UPON REQUEST. Form 990, Part XI, Line 9 Rounding = $3 FORM 990, ITEM K, OTHER FORM OF ORGANIZATION: CREDIT UNION FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: COOPERATIVE TEACHERS CREDIT UNION PROVIDES MORTGAGE LOANS TO QUALIFYING MEMBERS. THE MORTGAGE LOAN PROGRAM INCLUDES EFFICIENT UNDERWRITING AND RESELLING LONG TERM FIXED RATE MORTGAGES ON A SECONDARY MARKET. FORM 990, PART VI, SECTION A, LINE 8B: THE BOARD OF DIRECTORS ARE THE GOVERNING BODY. THERE ARE 7 VOTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS DURING THEIR REGULAR MONTHLY MEETING. FORM 990, PART VI, SECTION C, LINE 18: DOCUMENTS ARE AVAILABLE TO MEMBERS FOR REVIEW IN OUR OFFICES UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CTCU FOUNDATION 1424 WSW LOOP 323 TYLER TX 75701 814173338 TO PROVIDE SCHOLARSHIPS AND RECOGNITION TX 501(C)(3) PF COOPERATIVE TEACHERS CREDIT UNION false false true false false false false false false false false false false false false false false false false false CTCU FOUNDATION b 137380 Cash