2022-11-15T13:09:32-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 741237070 NAVY ARMY COMMUNITY CREDIT UNION NAVY 3619867300 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 CARRIE RICE CPA CHIEF FINANCIAL OFFICER 3619867300 2022-11-15 1 CARRIE RICE CPA 999009999 JENIFER L CHASE P01306883 5638884000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GERRY MORROW 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 216741381 0 X WWW.NAVYARMYCCU.COM X 1955 TX TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 9 9 792 12 380347 0 0 0 204856941 215837971 6004543 903410 0 0 210861484 216741381 0 0 53756708 44245274 45104281 46962451 0 0 0 75912032 62990578 174773021 154198303 36088463 62543078 3664310843 4042196028 3299722836 3611905350 364588007 430290678 TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 0 0 NAVY ARMY COMMUNITY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2021, THE TOTAL NUMBER OF LOANS ISSUED WAS 124,525 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $3,133,415,517. NAVY ARMY COMMUNITY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2021, THE TOTAL NUMBER OF MEMBERS WAS 211,869 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 380,052 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $3,692,145.10. NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM & ITM ACCESS TO MEMBERS. DURING 2021, THE TOTAL NUMBER OF ATM & ITM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 1,774,814. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 108305 0 1 792 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 1 1 1 0 0 X CARRIE RICE CFO 3619867300 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 PEDRO RIVERA JR DIRECTOR 3.00 X 10800 0 0 RICHARD B STONE CHAIR 3.00 X X 15000 0 0 JOHN CHAPMAN VICE CHAIR 3.00 X X 12750 0 0 KENDRA KINNISON DIRECTOR 3.00 X 9900 0 0 SYLVIA MARTINEZ DIRECTOR 3.00 X 9600 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 10800 0 0 THERESA GONZALES SECRETARY 3.00 X X 13200 0 0 ROBERT WESTRUP TREASURER 3.00 X X 13200 0 0 THELMA GARZA MANDEL DIRECTOR 3.00 X 10800 0 0 GERRY MORROW PRESIDENT/CEO 40.00 X 810480 0 27549 CARRIE RICE CHIEF FIANANCIAL OFFICER 40.00 X 162279 0 10462 CHRISTINA LETHLEAN CHIEF FINANCIAL OFFICER (END 3/5/21) 40.00 X 26941 0 1990 DANA SISK EXECUTIVE VICE PRESIDENT 40.00 X 477130 0 31513 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 389221 0 29837 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 40.00 X 276899 0 18551 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 40.00 X 258880 0 23380 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 40.00 X 250960 0 23389 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 40.00 X 235830 0 18757 RICHARD PLATZ SVP CONSUMER LENDING 40.00 X 219177 0 25453 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 40.00 X 184377 0 21159 ASHLEY SMITH CHIEF OF MARKETING 40.00 X 208952 0 29776 GERALD PENNINGTON VP INDIRECT AUTO LENDING 40.00 X 177883 0 23802 JAMIE AGUILAR VP MORTGAGE ORIGINATION 40.00 X 194484 0 22123 TERRI YOUNG VP BRANCH OPERATIONS AND T 40.00 X 179138 0 15484 MARK ESTES VP CREDIT ADMINISTRATION 40.00 X 171464 0 15177 ANITA CADENA VP AUDIT COMPLIANCE 40.00 X 163496 0 20881 4493641 0 359283 45 0 1 0 NOBLE TEXAS BUILDERS LLC 108 S MAIN ST LA FERIA TX 78559 CONSTRUCTION 5513499 MOREHEAD DOTTS RYBAK 545 N UPPER BROADWAY CORPUS CHRISTI TX 78401 PROFESSIONAL SERVICES 2038993 LANVERA 112 WRANGLER DR STE 150 COPPELL TX 75019 PROFESSIONAL SERVICES 1415066 TRIDENT SERVICES 575 OLD ROSWELL RD STE G300 ROSWELL GA 30076 PROFESSIONAL SERVICES 828382 ANDERSON LEHRMAN BARRE MARAIST LLP 1001 THIRD STREET CORPUS CHRISTI TX 78404 PROFESSIONAL SERVICES 501419 10 INTEREST ON LOANS 522100 170588936 170588936 FEE INCOME 522100 22468057 22244325 223732 INTERCHANGE INCOME 522100 19887482 19887482 INSURANCE & OTHER OPERATING INCOM 522100 2579498 2422883 156615 NON-OPERATING INCOME 522100 313998 313998 215837971 771669 771669 131741 0 131741 131741 131741 216741381 215457624 380347 903410 44245274 3953454 31024413 3489992 5884961 2609631 808722 210979 4180463 2620415 5792316 7418710 4159445 150852 485611 5965539 440534 PROVISION FOR LOAN LOSS 16930464 DEBIT CARD EXPENSES 8256464 LOAN EXPENSES 3925286 ATM/ITM EXPENSE 1644778 154198303 395202869 678347276 3111472825 3196435009 2282984 2380224 139395185 65550208 62926391 73844977 7859401 2152344 84566373 89036198 3664310843 4042196028 30912778 36217214 50000000 0 3218810058 3575688136 3299722836 3611905350 X 0 0 0 0 364588007 430290678 364588007 430290678 3664310843 4042196028 X 62543078 3159593 X X 0 0 0 10165209 10165209 72841795 18911550 53930245 1560386 1560382 4 54710825 44961347 9749478 116970 116929 41 73844977 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 3575688136 3575688136 X X X 0 1 0 GERRY MORROW PRESIDENT/CEO 640404 0 153000 0 17076 0 11600 0 24822 0 846902 0 0 0 DANA SISK EXECUTIVE VICE PRESIDENT 425466 0 50000 0 1664 0 10542 0 33906 0 521578 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 355699 0 33000 0 522 0 8866 0 33678 0 431765 0 0 0 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 260741 0 15000 0 1158 0 9267 0 11796 0 297962 0 0 0 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 225146 0 30500 0 3234 0 10528 0 18659 0 288067 0 0 0 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 219982 0 30500 0 478 0 10223 0 19423 0 280606 0 0 0 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 204336 0 30500 0 994 0 9474 0 11661 0 256965 0 0 0 RICHARD PLATZ SVP CONSUMER LENDING 201268 0 15000 0 2909 0 9076 0 25479 0 253732 0 0 0 ASHLEY SMITH CHIEF OF MARKETING 184514 0 23500 0 938 0 8805 0 33447 0 251204 0 0 0 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 167852 0 15000 0 1525 0 7310 0 33447 0 225134 0 0 0 JAMIE AGUILAR VP MORTGAGE ORIGINATION 184230 0 10000 0 254 0 8001 0 20543 0 223028 0 0 0 GERALD PENNINGTON VP INDIRECT AUTO LENDING 162361 0 15000 0 522 0 7424 0 25245 0 210552 0 0 0 TERRI YOUNG VP BRANCH OPERATIONS AND T 162611 0 15000 0 1527 0 7165 0 9487 0 195790 0 0 0 ANITA CADENA VP AUDIT COMPLIANCE 153016 0 10000 0 480 0 6761 0 20724 0 190981 0 0 0 MARK ESTES VP CREDIT ADMINISTRATION 152640 0 15000 0 3824 0 6858 0 9253 0 187575 0 0 0 CARRIE RICE CHIEF FIANANCIAL OFFICER 151406 0 10000 0 873 0 1048 0 14450 0 177777 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN IN 2021 SPONSORED BY NAVY ARMY COMMUNITY CREDIT UNION: GERRY MORROW SHANNON SRP - 2021 DISTRIBUTIONS $108,000 DANA SISK - 2021 DISTRIBUTION $124,000 ASHLEY SMITH DANIEL DIBBLE ROMAN ESCOBAR CLARE FOWLER GERALD PENNINGTON CYNTHIA RAMOS VIRGINIA WHITHAM THE INDIVIDUALS HAVE THE OPTION TO MAKE CONTRIBUTIONS, BUT THERE WERE NO CONTRIBUTIONS IN 2021. FORM 990, PART VI, SECTION A, LINE 6 NAVY ARMY COMMUNITY CREDIT UNION HAS MEMBERS AS SPECIFIED IN ITS BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM IS REVIEWED IN DETAIL BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12 CREDIT UNION EMPLOYEES, DIRECTORS, OFFICERS AND THEIR SPOUSES ARE REQUIRED TO FILE AN ANNUAL DISCLOSURE STATEMENT LISTING ANY FINANCIAL INSTITUTIONS, TRADE ASSOCIATIONS OR RELATED BUSINESS THEY ARE ASSOCIATED WITH AS A DIRECTOR, OFFICER OR EMPLOYEE WITH A MATERIAL OWNERSHIP INTEREST OF $5,000 OR MORE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE PRESIDENT AND BOARD AND ANY CONFLICTS OF INTEREST ARE RESOLVED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A ALL STAFF COMPENSATION IS MEASURED AGAINST INDUSTRY STANDARDS BY THE HUMAN RESOURCES DEPARTMENT AND APPROVED BY THE PRESIDENT. THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR THE PRESIDENT'S POSITION. NAVY ARMY COMMUNITY CREDIT UNION KEEPS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING RELATED TO THE DELIBERATION AND DECISIONS RELATED TO THE COMPENSATION SETTING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 NAVY ARMY COMMUNITY CREDIT UNION'S WEBSITE HAS A LINK TO THE MARKETING DEPARTMENT WHERE MEMBERS CAN REQUEST DOCUMENTS. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). ALSO, A COPY OF THE FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH SITE AND ARE AVAILABLE TO THE PUBLIC ON NCUA'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 3,159,593. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF SEPTEMBER 30TH, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST.