2022-08-05T15:59:09-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2021-01-01 741271704 CENTEX CITIZENS CREDIT UNION CENT 2545629296 PO BOX 1252 MEXIA TX 76667 TAMI GRIFFIN PRESIDENT/CEO 2545629296 2022-08-03 1 TAMI GRIFFIN 999009999 MARY C GREEN P00447183 6022662248 2022-08-03 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TAMI GRIFFIN PO BOX 1252 MEXIA TX 76667 4685425 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 7 42556 0 0 0 4321166 4386303 44673 30415 0 265788 4365839 4682506 0 0 438049 201758 1570453 1537567 0 0 0 2401331 2443010 4409833 4182335 -43994 500171 89737689 98117484 76208151 83915558 13529538 14201926 TO SERVE OUR MEMBERS' FINANCIAL NEEDS WITH QUALITY SERVICE AND INNOVATIVE TECHNOLOGY, WHILE MAINTAINING FINANCIAL STRENGTH, SECURITY AND STABILITY. 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 11,242 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. 50% 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 1 992 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 TAMI GRIFFIN PRESIDENT/CEO 40.00 X 84148 0 11250 ARIEL MINCHEW VP OF ACCOUNTING 40.00 X 58521 0 10352 BRANDI JONES VP OF OPERATIONS/LENDING 40.00 X 54671 0 10175 LATONYA MOLINA VP OF ADMINISTRATION 40.00 X 50270 0 9972 JANIS MASSEY PRESIDENT/CEO (THRU 3/21) 40.00 X 42036 0 3351 DEBBIE WILSON VP OF BUSINESS DEV. & MARKETING 40.00 X 22834 0 0 RICHARD JOHNSON CHAIR 1.00 X X 0 0 0 DENNIS WILSON VICE 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 DIRECTOR 1.00 X 0 0 0 DR JOE SAUCEDO DIRECTOR 1.00 X 0 0 0 ARTHUR BUSBY JR DIRECTOR 1.00 X 0 0 0 312480 0 45100 1 0 0 0 FISERV PO BOX 208457 DALLAS TX 75320 DATA PROCESSING 889793 1 INTEREST ON LOANS 522100 2802351 2802351 FEE INCOME 522100 852688 812373 40315 DEBIT CARD INCOME 522100 677863 677863 INSURANCE INCOME 522100 53401 51160 2241 4386303 33334 33334 2919 -2919 -2919 -2919 NCUA RECOVERY 522100 261557 261557 INSURANCE REFUND 522100 4231 4231 265788 4682506 4343747 42556 296203 X 201758 357580 831023 89957 178809 80198 10064 26100 988285 46859 180123 255560 5787 3217 297498 49649 ATM/DEBIT CARD EXPENSE 297984 MASTERCARD EXPENSE 87908 MISCELLANEOUS 63110 PROVISION FOR LOAN LOSS 47690 83176 4182335 3546946 2813039 26594581 31810677 2591 51087191 54922466 60877 112476 9294762 1683427 7807929 7611335 255372 180733 384793 664167 89737689 98117484 1152810 1508201 75055341 82407357 76208151 83915558 X 0 0 0 0 13529538 14201926 13529538 14201926 89737689 98117484 X 500171 172217 X 0 0 0 894585 894585 7412289 1234645 6177644 987888 448782 539106 7611335 MEMBER DEPOSIT ACCOUNTS 82407357 82407357 FORM 990, PART VI, SECTION A, LINE 6 CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK, WORSHIP OR RESIDE IN LIMESTONE COUNTY AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SPECIFICALLY FAIRFIELD; ALSO NAVARRO COUNTY; AND TO INCLUDE PORTIONS OF ELLIS COUNTY WITH POSTAL ZIP CODES 75101, 76670, 76651, 76623, 75119, AND THE PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO WITH THE FOLLOWING EXCLUSION: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCIATION-BASED CREDIT UNIONS IN HILL COUNTY, TEXAS. 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 FINANCIAL ADVISOR 20,833. FISERV 889,793. MARKETING CONSULTANT 6,000. OTHER 71,659. FORM 990, PART XI, LINE 9: CHANGE IN PENSION PLAN ASSETS 172,217.