2021-05-17T16:01:48-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-01-01 750692281 CITY CREDIT UNION CITY 2143195070 7474 FERGUSON ROAD DALLAS TX 75228 SHARON MOORE PRESIDENT/CEO 2143195070 2021-05-17 1 SHARON MOORE 999009999 MARY C GREEN P00447183 6022662248 2021-05-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SHARON MOORE 7474 FERGUSON ROAD DALLAS TX 75228 30864668 0 X WWW.CITYCU.ORG X 1942 TX A COOPERATIVE THRIFT INSTITUTION AND A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 8 8 143 11 577886 0 0 0 29288016 27821989 2736037 1995602 673575 1034721 32697628 30852312 49300 7315 3986707 3714282 9845119 8879702 0 0 0 15112158 15250304 28993284 27851603 3704344 3000709 496316324 548487702 446117599 494773979 50198725 53713723 CITY CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION AND IS A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 0 0 PROVIDED LOANS, DEPOSIT ACCOUNTS AND OTHER FINANCIAL PRODUCTS AND SERVICES TO 36,521 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8659 0 143 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 1 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X SHARON MOORE 2143195070 7474 FERGUSON RD DALLAS TX 75228 SHARON MOORE PRESIDENT/CEO 40.00 X 509578 0 35816 MITCHELL CLARK CAO 40.00 X 280918 0 25925 JOHN BAILEY COO 40.00 X 274989 0 25671 DAVID FRITH CFO 40.00 X 249902 0 22962 SALLIE HORACE CRO 40.00 X 228133 0 23282 GARETH CADA IT MANAGER 40.00 X 150897 0 11347 SHARON GILLESPIE MARKETING MANAGER 40.00 X 116491 0 9865 SHANNON GARRET CONTROLLER 40.00 X 109513 0 9752 AMBER ABBITT CFO (RESIGNED 3/20) 40.00 X 105185 0 13898 ALAN RICHARDSON BOARD CHAIR 1.00 X X 0 0 0 LARRY MCDANIEL VICE CHAIR 1.00 X X 0 0 0 GLORIA LOPEZ CARTER TREASURER 1.00 X X 0 0 0 CRAIG MILLER SECRETARY 1.00 X X 0 0 0 BONNIE AMBROSE SECRETARY (RESIGNED 3/20) 1.00 X X 0 0 0 CHANDRA MARSHALL-HENSON DIRECTOR 1.00 X 0 0 0 GILBERT AGUILAR DIRECTOR 1.00 X 0 0 0 PRECIOUS NICOLE GILLS DIRECTOR 1.00 X 0 0 0 GREG REICHEL DIRECTOR 1.00 X 0 0 0 ARMIN CRUZ DIRECTOR (RESIGNED 3/20) 1.00 X 0 0 0 MARY BLAND DIRECTOR (RESIGNED 4/20) 1.00 X 0 0 0 2025606 0 178518 7 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 TECHNOLOGY SERVICES 3108952 AUTO EXAM 17555 EL CAMINO REAL HOUSTON TX 77058 AUTO PROTECTION SERVICES 849565 ACHIEVA MORTGAGE FUNDING LLC 11 OAK CREEK DR SUITE E KAUFMAN TX 75142 MORTGAGE FUNDING 412763 FROST FINANCIAL SERVICES INC 8829 CHAPEL SQUARE DR CINCINNATI OH 45249 AUTO LOAN PROTECTION SERVICES 250100 DSE HOCKEY CLUB 2601 AVENUE OF THE STARS DALLAS TX 75034 ADVERTISING 193125 5 INTEREST ON LOANS TO MEMBERS 522100 19070185 19070185 FEES AND CHARGES 522100 7252961 7190721 62240 INSURANCE COMMISSION 522100 1498843 1416459 82384 27821989 2007958 2007958 433262 0 433262 433262 433262 12356 -12356 -12356 -12356 MISCELLANEOUS REVENUE 522100 601459 601459 601459 30852312 28278824 577886 1995602 7315 3714282 1796259 4802943 1096809 788894 394797 32716 71500 497437 826837 1013176 462265 1338542 1634 86814 969627 136419 PROVISION FOR LOAN LOSS 4102015 MISCELLANEOUS 1610102 DEBIT CARD EXPENSE 1525414 DIGITAL/HOME BANKING 1339419 1236387 27851603 4520239 4788665 43220709 46219302 337376290 317766784 463710 702788 24236484 10640981 13241933 13595503 88666781 156149613 8826662 9265047 496316324 548487702 7487382 9148535 438630217 485625444 446117599 494773979 X 0 0 0 0 50198725 53713723 50198725 53713723 496316324 548487702 X 3000709 514289 X 0 1 X 1 0 3839922 3839922 14487343 5401689 9085654 76239 76239 0 5698035 5103630 594405 134945 59423 75522 13595503 HELD-TO-MATURITY 137169280 C CERTIFICATES OF DEPOSIT IN OTHER FINANCIAL INSTITUTIONS 18743000 C FEDERAL HOME LOAN BANK STOCK 199400 C PSCU CAPITAL SHARES 37933 C 156149613 MEMBER'S SHARE AND SAVINGS ACCOUNT 485625444 485625444 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION OWNS A MAJORITY INTEREST IN THE CONSOLIDATED CUSO. THE INCOME FROM THE CUSO FLOWS UP TO THE CREDIT UNION, AND THEREFORE IS NOT SUBJECT TO MOST FEDERAL AND STATE INCOME TAXES. X X 1 1 X X X 0 0 0 SHARON MOORE PRESIDENT/CEO 427594 0 76577 0 5407 0 30240 0 5576 0 545394 0 0 0 MITCHELL CLARK CAO 245525 0 29423 0 5970 0 20624 0 5301 0 306843 0 0 0 JOHN BAILEY COO 241301 0 29123 0 4565 0 20371 0 5300 0 300660 0 0 0 DAVID FRITH CFO 214275 0 25848 0 9779 0 17399 0 5563 0 272864 0 0 0 SALLIE HORACE CRO 198694 0 25246 0 4193 0 17723 0 5559 0 251415 0 0 0 GARETH CADA IT MANAGER 134267 0 10800 0 5830 0 5803 0 5544 0 162244 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO CHANGE THE NUMBER OF BOARD MEMBERS FROM 9 TO 7 AND THE NOTICE OF MEETINGS COULD BE GIVEN BY ELECTRONIC MEANS TO EACH MEMBER OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 CITY CU IS A MEMBER-OWNED FINANCIAL COOPERATIVE. MEMBERSHIP IS OPEN TO ANYONE WHO LIVES, WORKS, WORSHIPS, OR ATTENDS SCHOOL IN THE FOLLOWING TEXAS COUNTIES: DALLAS, ELLIS, COOKE, GRAYSON, ROCKWALL, KAUFMAN, DENTON, COLLIN, TARRANT, HUNT, JOHNSON, PARKER, AND WISE. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION'S MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B BOARD ELECTIONS AND MERGERS ARE SUBJECT TO APPROVAL BY MEMBERS AS STATED IN THE CREDIT UNION'S CHARTER AND BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B EACH COMMITTEE MEETS INDEPENDENTLY AND REPORTS BACK TO THE GOVERNING BODY. ANY ACTIONS NECESSARY ARE MOTIONED, DISCUSSED AND VOTED ON BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND THE CHIEF ADMINISTRATIVE OFFICER. THE PRESIDENT/CEO SIGNS THE FORM 990 AS AUTHORIZED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE BOARD OF DIRECTORS AND THE CEO. ANY CONFLICT OF INTEREST SHOULD BE DISCLOSED BY THE INDIVIDUAL AND THAT PERSON RECUSES THEMSELVES FROM DISCUSSION AND DECISION MAKING ON THE TOPIC. REMAINING DIRECTORS CONSIDER AND RESOLVE ANY ISSUES INVOLVING CONFLICT OF INTEREST OF INDIVIDUAL DIRECTORS. INTERNAL AUDIT REPORTS ARE REVIEWED BY MANAGEMENT, THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION CONTRACTS WITH AN INDEPENDENT CONSULTING FIRM TO PROVIDE COMPENSATION INFORMATION AND DATA, WHICH THE BOARD USES TO DETERMINE THE PRESIDENT AND CEO'S COMPENSATION AND BENEFITS. THE BOARD MINUTES REFLECT THIS ACTION. FOR ALL OTHER EMPLOYEES, THE INDEPENDENT CONSULTANT PROVIDES MARKET DATA AND MERIT INCREASES ARE BASED ON PERFORMANCE REVIEWS BY THE CEO WHICH ARE KEPT ON FILE. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S WEBSITE INDICATES THIS INFORMATION IS AVAILABLE UPON REQUEST. FINANCIAL INFORMATION IS ALSO INCLUDED IN THE CREDIT UNION'S ANNUAL REPORT WHICH IS AVAILABLE ON THE CREDIT UNION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFINED BENEFIT PLAN ASSETS 514,289. CITY CU FINANCIAL SERVICES LLC 7474 FERGUSON RD DALLAS TX 752286543 814446137 INSURANCE SALES TX 87808 50393 CITY CREDIT UNION