2022-07-26T11:05:58-05:00 2021-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2021-01-01 750796472 FORT WORTH COMMUNITY CREDIT UNION FORT 8178355000 PO BOX 210848 BEDFORD TX 76095 DIANE DORSEY PRESIDENT/CEO 8178355000 2022-07-20 1 DIANE DORSEY 999009999 REBECCA A RODRIGUEZ P01073764 2108286281 2022-07-20 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DIANE DORSEY PO BOX 210848 BEDFORD TX 76095 45272244 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 9 240 9 45558 0 0 0 39935740 41102354 3789859 1881787 370911 143677 44096510 43127818 0 0 0 0 17381627 16708072 0 0 0 25208586 20026795 42590213 36734867 1506297 6392951 1110312717 1211753992 1020948001 1115996325 89364716 95757667 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 14922 0 1 240 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 HENRY CHRISTIANSEN BOARD MEMBER 2.00 X 2458 0 0 MICHAEL CLARDY BOARD MEMBER-CHAIR 2.00 X X 1375 0 0 JANICE GRACZYK BOARD MEMBER 2.00 X 1500 0 0 NEAL OLIVER BOARD MEMBER 2.00 X 3298 0 0 CHARLES REDDING BOARD MEMBER-VICE CHAIR 2.00 X X 1375 0 0 TOMAS TIJERINA BOARD MEMBER 2.00 X 1500 0 0 TUNISIA SADRUDDIN BOARD MEMBER 2.00 X 1375 0 0 HERBERT SIMS BOARD MEMBER 2.00 X 1500 0 0 LEIGHTON WATERS BOARD MEMBER-SECRETARY-TREASURER 2.00 X X 2117 0 0 DIANE DORSEY PRESIDENT/CEO 40.00 X 410616 0 57034 RICHARD HOWDESHELL PRESIDENT/CEO, THRU 1/2021 40.00 X 396643 0 0 MICHAEL J FRANKO SRVP FINANCE 40.00 X 285073 0 34237 KYLE KOKE SR VP LENDING 40.00 X 266811 0 29234 TAMMY TRUDELLE VP HUMAN RESOURCES 40.00 X 251803 0 37264 CARL AUZENNE VP INFORMATION SERVICES 40.00 X 229584 0 38054 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MGMT 40.00 X 169023 0 35628 NEIL SPENCER VP SUPPORT SERVICES 40.00 X 149799 0 41785 GINDA ABRAHAM AVP ACCOUNTING 40.00 X 152260 0 21650 BRANDY SCARLETT VP MARKETING 40.00 X 111552 0 38943 KOSTAS LEUCKER INVESTMENT CONSULTANT 40.00 X 291226 0 50836 GRETCHEN MCGINNIS DIRECTOR OF INTERNAL AUDIT 40.00 X 178909 0 23893 MATT MEYERS AVP INFORMATION SERVICES 40.00 X 166456 0 33847 KAREN MARTINEZ VP OPERATIONS 40.00 X 141470 0 31617 SHEILA HAILEY AVP REAL ESTATE 40.00 X 115649 0 29875 3333372 0 503897 17 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 WEBSITE 971224 FIS PO BOX 4535 CAROL STREAM IL 60197 FINANCIAL SOLUTIONS 848849 MARCH BUILDERS AND DESIGN INC 233 OAK ST HIGHLAND VILLAGE TX 75077 CONSTRUCTION 810767 FISERV PO BOX 208457 DALLAS TX 753208457 SOFTWARE SERVICES 558868 LANVERA LTD 112 WRANGLER DR STE 150 COPPELL TX 75019 MAIL PROCESSOR 396608 14 INTEREST ON LOANS 522100 30461783 30461783 LOAN FEE INCOME 522100 8007214 8007214 MEMBER FEES & CHARGES 522100 2633357 2587799 45558 41102354 1773374 1773374 2252839 2142541 1885 110298 -1885 108413 108413 MISCELLANEOUS 522100 143676 143676 GAIN ON INVESTMENTS 522100 1 1 143677 43127818 41200473 45558 1881787 3938490 8698157 706393 2503900 861132 5220577 28899 510417 759366 2015655 1365762 76464 4194206 1217050 299852 PROVISION FOR LOAN LOSS 2149272 LOAN SERVICING 1625652 MISCELLANEOUS EXPENSE 563623 36734867 4630019 4317213 87729438 154260473 383606 563719 14528819 19345170 676689400 764740150 2906978 2696996 41053118 14779247 25936576 26273871 287599208 228620797 9908673 10935603 1110312717 1211753992 12143698 11490346 1008804303 1104505979 1020948001 1115996325 X 0 0 0 0 89364716 95757667 89364716 95757667 1110312717 1211753992 6392951 0 X X 0 0 0 8613873 8613873 24267550 8329103 15938447 434755 344702 90053 7624628 6032762 1591866 112312 72680 39632 26273871 MEMBER SHARES 1104505979 1104505979 PART XI AND XII: FINANCIAL STATEMENTS ARE CURRENTLY AUDITED THROUGH JUNE 30, 2021. X X 1 1 X X X X 0 1 0 DIANE DORSEY PRESIDENT/CEO 393393 0 11250 0 5973 0 27663 0 29371 0 467650 0 0 0 RICHARD HOWDESHELL PRESIDENT/CEO, THRU 1/2021 19239 0 0 0 377404 0 0 0 0 0 396643 0 0 0 KOSTAS LEUCKER INVESTMENT CONSULTANT 279957 0 11269 0 0 0 18408 0 32428 0 342062 0 0 0 MICHAEL J FRANKO SRVP FINANCE 260605 0 20681 0 3787 0 17667 0 16570 0 319310 0 0 0 KYLE KOKE SR VP LENDING 239381 0 19302 0 8128 0 16404 0 12830 0 296045 0 0 0 TAMMY TRUDELLE VP HUMAN RESOURCES 226452 0 18782 0 6569 0 16603 0 20661 0 289067 0 0 0 CARL AUZENNE VP INFORMATION SERVICES 208221 0 18347 0 3016 0 15150 0 22904 0 267638 0 0 0 VALERIE GROSSKURTH VP PAYMENT SYSTEMS & RISK MGMT 150305 0 17320 0 1398 0 11221 0 24407 0 204651 0 0 0 GRETCHEN MCGINNIS DIRECTOR OF INTERNAL AUDIT 165021 0 11322 0 2566 0 11759 0 12134 0 202802 0 0 0 MATT MEYERS AVP INFORMATION SERVICES 156533 0 9603 0 320 0 11339 0 22508 0 200303 0 0 0 NEIL SPENCER VP SUPPORT SERVICES 127690 0 15687 0 6422 0 9886 0 31899 0 191584 0 0 0 GINDA ABRAHAM AVP ACCOUNTING 133795 0 11669 0 6796 0 9858 0 11792 0 173910 0 0 0 KAREN MARTINEZ VP OPERATIONS 118949 0 16526 0 5995 0 9248 0 22369 0 173087 0 0 0 BRANDY SCARLETT VP MARKETING 95607 0 15752 0 193 0 7290 0 31653 0 150495 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 ARE ELIGIBLE TO RECEIVE REIMBURSEMENT FOR HEALTH CLUB DUES UP TO $50 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. RICHARD HOWDESHELL OFFICER FUND LIFE INSURANCE X 2861959 2962764 0 1 1 MICHAEL J FRANKO OFFICER FUND LIFE INSURANCE X 1118566 1157964 0 1 1 TAMMY TRUDELLE OFFICER FUND LIFE INSURANCE X 711815 736886 0 1 1 DIANE DORSEY OFFICER FUND LIFE INSURANCE X 2440599 2621596 0 1 1 ROCHELLE DRAKE FORMER OFFICER FUND LIFE INSURANCE X 1654678 1727660 0 1 1 KYLE KOKE OFFICER FUND LIFE INSURANCE X 1192008 1233992 0 1 1 CARL AUZENNE OFFICER FUND LIFE INSURANCE X 824369 853405 0 1 1 KAREN MARTINEZ OFFICER FUND LIFE INSURANCE X 994267 994270 0 1 1 VALERIE GROSSKURTH OFFICER FUND LIFE INSURANCE X 895092 895096 0 1 1 NEIL SPENCER OFFICER FUND LIFE INSURANCE X 622719 627884 0 1 1 BRANDY SCARLETT OFFICER FUND LIFE INSURANCE X 331821 331823 0 1 1 MARC RHODES FORMER OFFICER FUND LIFE INSURANCE X 4917838 5201830 0 1 1 19345170 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 CURRENTLY AUDITED THROUGH JUNE 30, 2021. 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.