2021-11-15T09:12:16-06:00 2020-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1200 MINNEAPOLIS MN 554022526 990 2020-01-01 741237070 NAVY ARMY COMMUNITY CREDIT UNION NAVY 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 CARRIE RICE CPA CHIEF FINANCIAL OFFICER 3619864500 2021-11-12 1 CARRIE RICE CPA 999009999 KACIE MCEWEN P01599614 6123324300 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GERRY MORROW 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 205799153 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 9 740 12 321769 0 0 0 189112058 204856941 3501535 6004543 0 0 192613593 210861484 0 0 50732976 53756708 42162894 45104281 0 0 0 63085576 75912032 155981446 174773021 36632147 36088463 3263904258 3664310843 2926197272 3299722836 337706986 364588007 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, 2020 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, 2020 THE TOTAL NUMBER OF MEMBERS WAS 195,560 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 348,793 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $3,218,810,059. NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM ACCESS TO MEMBERS. DURING 2020, THE TOTAL NUMBER OF ATM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 1,799,561. 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 106139 0 1 740 1 1 1 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 1 1 1 1 0 0 X CARRIE RICE 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 PEDRO RIVERA JR DIRECTOR 3.00 X 11100 0 0 BOB WESTRUP TREASURER 3.00 X X 13200 0 0 BRYAN STONE CHAIR 3.00 X X 13800 0 0 JOHN CHAPMAN VICE CHAIR 3.00 X X 12300 0 0 KENDRA KINNISON DIRECTOR 3.00 X 10800 0 0 THERESA GONZALES SECRETARY 3.00 X X 11400 0 0 SYLVIA MARTINEZ DIRECTOR 3.00 X 10200 0 0 THELMA MANDEL DIRECTOR 3.00 X 9600 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 10200 0 0 GERRY MORROW PRESIDENT/CEO 40.00 X 657506 0 24620 CHRISTINA LETHLEAN CHIEF FINANCIAL OFFICER 40.00 X 189063 0 6895 DANA SISK EXECUTIVE VICE PRESIDENT 40.00 X 337078 0 19074 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 263329 0 27624 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 40.00 X 272313 0 16444 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 40.00 X 247871 0 27541 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 40.00 X 246933 0 23237 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 40.00 X 228800 0 17761 RICHARD PLATZ SVP CONSUMER LENDING 40.00 X 215448 0 23606 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 40.00 X 187955 0 12973 ASHLEY SMITH CHIEF OF MARKETING 40.00 X 188329 0 26789 GERALD PENNINGTON VP INDIRECT AUTO LENDING 40.00 X 175634 0 22184 JAMIE AGUILAR VP MORTGAGE ORIGINATION 40.00 X 178107 0 20109 TERRI YOUNG VP BRANCH OPERATIONS AND T 40.00 X 180689 0 14914 MARK ESTES VP CREDIT ADMINISTRATION 40.00 X 172066 0 14486 MARIA KARACA SVP COMMERCIAL LENDING 40.00 X 159806 0 7667 4003527 0 305924 52 0 1 0 FISERV PO BOX 208457 DALLAS TX 75320 PROFESSIONAL SERVICES 3405014 NOBLE TEXAS BUILDERS LLC 108 S MAIN ST LA FERIA TX 78559 CONSTRUCTION 3219276 MOREHEAD DOTTS RYBAK 545 N UPPER BROADWAY CORPUS CHRISTI TX 78401 PROFESSIONAL SERVICES 2090380 LANVERA 112 WRANGLER DR STE 150 COPPELL TX 75019 PROFESSIONAL SERVICES 1183188 TRIDENT SERVICES 575 OLD ROSWELL RD STE G300 ROSWELL GA 30076 PROFESSIONAL SERVICES 671105 21 INTEREST ON LOANS 522100 163890911 163890911 FEE INCOME 522100 20080528 19758759 321769 INTERCHANGE INCOME 522100 15941660 15941660 INSURANCE & OTHER OPERATING INCOM 522100 2571375 2571375 NON-OPERATING INCOME 522100 2372467 2372467 204856941 942212 942212 -5062331 5062331 5062331 5062331 210861484 204535172 321769 6004543 53756708 3385916 29982871 4228854 5102201 2404439 569806 210054 3590005 2581229 5433286 6048211 3591408 125057 2500912 5712098 438003 PROVISION FOR LOAN LOSS 30831305 DEBIT CARD/ATM/ITM EXPE 8964325 LOAN SERVICING 5316333 174773021 167190684 395202869 2952490585 3111472825 1497129 2282984 122509275 59582884 52003954 62926391 7738401 7859401 82983505 84566373 3263904258 3664310843 29835175 30912778 150000000 50000000 2746362097 3218810058 2926197272 3299722836 X 0 0 0 0 337706986 364588007 337706986 364588007 3263904258 3664310843 X 36088463 -9207442 X 0 1 X 0 0 10161319 10161319 62767448 17144045 45623403 1560386 1503116 57270 26526388 23495914 3030474 21493734 17439809 4053925 62926391 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 3218810058 3218810058 X X X 0 1 0 GERRY MORROW PRESIDENT/CEO 520905 0 132000 0 4601 0 10200 0 15736 0 683442 0 0 0 DANA SISK EXECUTIVE VICE PRESIDENT 286798 0 50000 0 280 0 7991 0 12545 0 357614 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 229142 0 33000 0 1187 0 8746 0 21636 0 293711 0 0 0 DANIEL DIBBLE CHIEF LENDING OFFICER CONS 229660 0 42373 0 280 0 7861 0 9856 0 290030 0 0 0 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 216567 0 30500 0 804 0 10200 0 18912 0 276983 0 0 0 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 216246 0 30500 0 187 0 10080 0 15055 0 272068 0 0 0 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 200531 0 28000 0 269 0 9178 0 10789 0 248767 0 0 0 RICHARD PLATZ SVP CONSUMER LENDING 199230 0 15000 0 1218 0 8839 0 19610 0 243897 0 0 0 ASHLEY SMITH CHIEF OF MARKETING 164492 0 23500 0 337 0 7911 0 20301 0 216541 0 0 0 CLARE FOWLER SR VP OPERATIONS TECHNOLOG 171338 0 15000 0 1617 0 5306 0 10002 0 203263 0 0 0 GERALD PENNINGTON VP INDIRECT AUTO LENDING 160427 0 15000 0 207 0 7292 0 16906 0 199832 0 0 0 JAMIE AGUILAR VP MORTGAGE ORIGINATION 123808 0 54217 0 82 0 7316 0 13555 0 198978 0 0 0 TERRI YOUNG VP BRANCH OPERATIONS AND T 164373 0 16000 0 316 0 7248 0 9116 0 197053 0 0 0 CHRISTINA LETHLEAN CHIEF FINANCIAL OFFICER 171848 0 16500 0 715 0 0 0 7938 0 197001 0 0 0 MARK ESTES VP CREDIT ADMINISTRATION 155490 0 15000 0 1576 0 6820 0 8459 0 187345 0 0 0 MARIA KARACA SVP COMMERCIAL LENDING 139576 0 20125 0 105 0 0 0 8487 0 168293 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: GERRY MORROW - NO DISTRIBUTIONS IN 2020 SHANNON SRP - NO DISTRIBUTIONS IN 2020 DANA SISK - NO DISTRIBUTIONS IN 2020 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. 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 12C 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 COMPENSATION FOR THE PRESIDENT'S POSITION. 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 -9,207,442.