2021-11-22T12:02:56-06:00 2020-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2020-01-01 750763606 TEXAS TRUST CREDIT UNION TEXA 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 JAMES MINGE PRESIDENT/CEO 9725951305 2021-11-22 1 JAMES MINGE 999009999 DOUGLAS J ORTH P01076394 3052328272 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAMES MINGE 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 74969001 0 X WWW.TEXASTRUSTCU.ORG X 1936 TX PROVIDING MEMBERS A LIFETIME OF FINANCIAL SERVICES AND MAINTAINING A FINANCIALLY STRONG COOPERATIVE. 11 11 376 13 712785 0 0 0 61820069 68867317 9660324 6022419 45182 79265 71525575 74969001 0 300000 0 0 21782940 22418861 0 0 0 41816212 37616705 63599152 60335566 7926423 14633435 1344628631 1562100010 1208910672 1403681763 135717959 158418247 WE ARE COMMITTED TO BEING OUR MEMBERS' PARTNER, PROVIDING A LIFETIME OF FINANCIAL SERVICES ADJUSTED TO THEIR NEEDS WHILE MAINTAINING A FINANCIALLY STRONG FULL-SERVICE COOPERATIVE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 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 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 19748 0 1 376 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JAMES MINGE 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 LARRY SKINNER DIRECTOR 1.00 X 0 0 0 CHARLIE HOLLABAUGH DIRECTOR 1.00 X 0 0 0 BOB MCLELLAN DIRECTOR 1.00 X 0 0 0 SUSAN SMITH DIRECTOR 1.00 X 0 0 0 CHARLIE BOTTORFF DIRECTOR 1.00 X 0 0 0 CHARLIE NUTT DIRECTOR 1.00 X 0 0 0 JOE JOHNSON DIRECTOR 1.00 X 0 0 0 KAREN SAULS DIRECTOR 1.00 X 0 0 0 LONNIE MORGAN DIRECTOR 1.00 X 0 0 0 PHILLIP MARTINEZ DIRECTOR 1.00 X 0 0 0 L BUCHANAN DIRECTOR 1.00 X 0 0 0 SEAN CHOATE COMMITTEE MEMBER 1.00 X 0 0 0 EDDIE SERFACE COMMITTEE MEMBER 1.00 X 0 0 0 JAMES MINGE PRESIDENT/CEO 45.00 X 649710 0 67741 DAVID PICKNEY EVP/CFO 45.00 X 355418 0 73503 WILLIAM KELSEY EVP/CRO 45.00 X 375889 0 42463 RONNIE SMITH JR EVP CHIEF GROWTH OFFICER 45.00 X 255195 0 37831 DAVID TURNER EVP CHIEF INFORMATION OFFI 45.00 X 279077 0 17080 VIRGINIA N CHAPLINE EVP CHIEF OPERATING OFFICER 45.00 X 238558 0 40730 WHITNEY MCLEOD SVP RETAIL 45.00 X 158404 0 25434 ALVIN MEAUX SVP LENDING 45.00 X 192700 0 21294 CLAY YEARSLEY SVP, DATA ANALYTICS 45.00 X 566789 0 21510 PEGGY ESPARZA SVP ACCOUNTING 45.00 X 185702 0 34012 ROBERT A UNDERWOOD SVP CARD SOLUTIONS 45.00 X 169285 0 28555 3426727 0 410153 25 0 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE AND OTHER CRITICAL SYSTEMS 824982 TARRANT CONSTRUCTION SERVICES LTD 2225 W PETERSMITH ST FORT WORTH TX 76102 CONSTRUCTION SERVICES 523221 LANVERA 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 STATEMENT PROCESSING 357345 ABCORP CUSTOM CARD SYSTEM INC PO BOX 654338 DALLAS TX 75265 CARD PROCESSING 275600 ACCESS SOFTEK INC 727 ALLSTON WAY C BERKELEY CA 94710 DIGITAL BANKING 264599 18 INTEREST ON LOANS 522100 42287768 42287768 FEES, CHARGES, &OTHER 522100 25866764 25866764 FINANCE & INSURANCE 520000 384552 384552 PROFESSIONAL, SCIENTIFIC, AND TEC 540000 328233 328233 68867317 6022419 6022419 79265 0 79265 79265 79265 74969001 74256216 712785 0 X 300000 2433195 16781050 -86076 1906031 1384661 55786 250520 929978 1950100 1239573 864336 1457542 78463 144862 10645908 51011 3532281 PROVISION FOR LOAN LOSS 4422721 DEBIT CARD SERVICES 4327591 MAINTENANCE 2205363 UTILITIES 1514144 3946526 60335566 13512984 11603406 39528523 60228849 433123 24506082 5906113 6192552 954871261 1136692202 24342207 38606937 74965558 29072470 43397070 45893088 230296595 214564848 2527431 2146372 29813324 21665674 1344628631 1562100010 12246289 16628392 131902502 142500000 1064761881 1244553371 1208910672 1403681763 X 0 0 0 0 135717959 158418247 135717959 158418247 1344628631 1562100010 X 14633435 3699873 4366980 X X 0 1 X 1 0 0 0 13177568 13177568 37808502 10812021 26996481 23979488 18260449 5719039 45893088 FEDERAL AGENCY SECURITIES 10202044 F COLLATERALIZED MORTGAGE OBLIGATIONS 86572453 F MORTGAGE-BACKED SECURITIES 88457971 F RESTRICTED STOCK 17415838 F CORPORATE BONDS 6024501 F SECURITIES TO MKT ADJ 5892041 F 214564848 SHARES 354053532 SHARE DRAFTS 434980759 MONEY MARKET 90023080 IRA SHARES 35533566 IRA SHARE CERTIFICATE 329962434 1244553371 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL OR STATE INCOME TAXES. THE CUSOS ARE ORGANIZED AS LIMITED LIABILITY COMPANIES AND FILE A CONSOLIDATED RETURN WITH THE CREDIT UNION. THEREFORE, THE CUSOS ARE NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION IS A TAX-EXEMPT ENTITY UNDER INTERNAL REVENUE CODE 501(C)(14), BUT MAY BE SUBJECT TO TAXATION ON INCOME UNRELATED TO THE CREDIT UNION'S EXEMPT FUNCTION. STATE CHARTERED CREDIT UNIONS PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT TAXING AUTHORITIES CONSIDER UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS NOT GENERATED TAXABLE INCOME FROM ITS UNRELATED BUSINESS ACTIVITIES DURING 2020 AND 2019. 1 TEXAS TRUST GIVES 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 842932264 501(C)(3) 300000 CHARITABLE CONTRIBUTION 1 0 PART I, LINE 2: THE CONTRIBUTION IS CHARTIBLE IN NATURE, NOT A GRANT. X 1 1 X X X X 0 1 0 JAMES MINGE PRESIDENT/CEO 556308 0 90000 0 3402 0 45500 0 22241 0 717451 0 0 0 CLAY YEARSLEY SVP, DATA ANALYTICS 144585 0 22204 0 400000 0 0 0 21510 0 588299 0 0 0 DAVID PICKNEY EVP/CFO 300544 0 51174 0 3700 0 45500 0 28003 0 428921 0 0 0 WILLIAM KELSEY EVP/CRO 319324 0 47465 0 9100 0 19500 0 22963 0 418352 0 0 0 DAVID TURNER EVP CHIEF INFORMATION OFFI 233113 0 36864 0 9100 0 14378 0 2702 0 296157 0 0 0 RONNIE SMITH JR EVP CHIEF GROWTH OFFICER 218137 0 28083 0 8975 0 26661 0 11170 0 293026 0 0 0 VIRGINIA N CHAPLINE EVP CHIEF OPERATING OFFICER 207488 0 23020 0 8050 0 26000 0 14730 0 279288 0 0 0 PEGGY ESPARZA SVP ACCOUNTING 162456 0 23246 0 0 0 24079 0 9933 0 219714 0 0 0 ALVIN MEAUX SVP LENDING 169673 0 23027 0 0 0 5615 0 15679 0 213994 0 0 0 ROBERT A UNDERWOOD SVP CARD SOLUTIONS 147419 0 21866 0 0 0 9032 0 19523 0 197840 0 0 0 WHITNEY MCLEOD SVP RETAIL 135158 0 23246 0 0 0 7594 0 17840 0 183838 0 0 0 PART I, LINE 4B ADDITIONALLY, THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO JAMES MINGE, WILLIAM KELSEY, AND PAMELA STEPHENS, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. JAMES MINGE EMPLOYEE TO FUND LIFE INSURANCE X 3000000 3245436 0 1 1 WILLIAM K KELSEY EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1098888 0 1 1 PAMELA STEPHENS FORMER EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1042450 0 1 1 VINCENT HEIMANN FORMER EMPLOYEE TO FUND LIFE INSURANCE X 445778 445778 0 1 1 KATHRYN MCELROY FORMER EMPLOYEE TO FUND LIFE INSURANCE X 360000 360000 0 1 1 6192552 SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A COOPERATIVE OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS VOTED ON BY THE ORGANIZATION'S MEMBERS AND ELECTED OR REAFFIRMED AT THE ANNUAL MEETING. 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 PRIOR TO FILING, THE ORGANIZATION'S FORM 990, IT IS REVIEWED BY THE SENIOR VP OF RISK MANAGEMENT, VP OF ACCOUNTING AND MEMBERS OF EXECUTIVE MANAGEMENT, INCLUDING THE CEO. FORM 990, PART VI, SECTION B, LINE 12C DURING NEW EMPLOYEE ORIENTATION, EACH EMPLOYEE IS SHOWN WHERE TO ACCESS POLICIES. THE PROFESSIONAL CONDUCT POLICY, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY, IS READ IN FULL BY THE EMPLOYEE, ALONG WITH SEVERAL OTHER POLICIES WHICH ARE REVIEWED AND DISCUSSED WITH THE EMPLOYEE(S). EACH EMPLOYEE SIGNS A STATEMENT INDICATING THEY HAVE READ THE POLICY MANUAL, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY. THIS SIGNED STATEMENT IS MAINTAINED IN THE EMPLOYEE'S PERSONAL FILE IN HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT ANNUALLY OBTAINS MARKET ANALYSIS FOR PAY GRADES. THE PERSONNEL COMMITTEE REVIEWS AND ESTABLISHES MERIT GRIDS. THE CEO AND ONE OTHER SENIOR MANAGEMENT EXECUTIVE REVIEW AND SIGN OFF ON ALL PERFORMANCE EVALUATIONS AND CORRESPONDING COMPENSATION ADJUSTMENTS. THE BOARD ANNUALLY EVALUATES THE CEO'S PERFORMANCE, AND THE CHAIRMAN OF THE BOARD COMMUNICATES THE RESULTS AND COMPENSATION ADJUSTMENT. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS ARE INFORMED VIA ATHE ORGANIZATION'S WEBSITE THAT THE DOCUMENTS ARE MAINTAINED AND AVAILABLE TO THE PUBLIC IN THE EXECUTIVE MANAGEMENT OFFICES. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND OUTSIDE SERVICES 929,978. FORM 990, PART IX, LINE 24E MISCELLANEOUS 1,346,354. LOAN SERVICING 1,207,024. DEBIT CARD FRAUD 499,556. BANK SERVICE CHARGES 419,504. MEMBER BONUS EXPENSE 288,848. ASSOCIATION DUES/SUPERVISORY FEES 185,240. FORM 990, PART XI, LINE 9: NET ACTUARIAL LOSS ON THE DEFINED BENEFIT PLAN 3,624,300. DB PLAN AMORT OF PRIOR SERVICE CREDITS, TRANSITION OBLIGATION & NET LOSSES 742,680. FORM 990, PART XII, LINE 2C WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HERITAGE F&I SERVICES LLC PO BOX 2260 MANSFIELD TX 750530630 200311717 INSURANCE AND DATA PROGRAMMING SALES TX 2143578 8427244 TEXAS TRUST CREDIT UNION TEXAS TRUST GIVES 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 842932264 CHARITABLE FOUNDATION TX 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TEXAS TRUST GIVES B 300000 ACTUAL CONTRIBUTION