2021-11-14T12:22:41-06:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 85012 990 2020-01-01 750971964 UNION SQUARE CREDIT UNION UNIO 9407208000 1401 HOLLIDAY WICHITA FALLS TX 76301 KAREN SCHREIBER VP ACCOUNTING 9407208000 2021-11-13 1 KAREN SCHREIBER 999009999 MARY C GREEN P00447183 6022662248 2021-11-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN BARAD 1401 HOLLIDAY WICHITA FALLS TX 76301 34888564 0 X WWW.UNIONSQUARE.ORG X 1957 TX TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. 7 6 150 6 343377 0 0 0 15850894 20371784 4068459 3043377 30179 7825 19949532 23422986 0 0 1604435 2424974 6955631 8111116 0 0 0 9881934 11409467 18442000 21945557 1507532 1477429 372947272 478483331 327620376 430974700 45326896 47508631 TO SERVE FINANCIAL NEEDS AND DREAMS. 0 0 TO SERVE THE FINANCIAL NEEDS AND DREAMS OF THE MEMBERS. UNION SQUARE CREDIT UNION CORE VALUES INCLUDE MEMBER SERVICE AND SENSITIVITY, ETHICAL AND LEGAL BEHAVIOR, DIVERSITY AND EQUAL OPPORTUNITY, SOUND, STRONG BUSINESS JUDGMENT, AND FRIENDLY AND KNOWLEDGEABLE STAFF. WITH THESE VALUES, UNION SQUARE CREDIT UNION'S VISION IS TO BE THE FINANCIAL CENTER OF CHOICE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 7652 0 150 1 1 1 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X JOHN BARAD 9407208100 1401 HOLLIDAY WICHITA FALLS TX 76301 KEVIN RHINE AVP MORTGAGE LOAN OFFICER 40.00 X 524398 0 22308 JOHN BARAD PRESIDENT/CEO 40.00 X X 373971 0 37534 SCOTT FLINN VP MORTGAGE LOAN SERVICES 40.00 X 239192 0 29738 PATRICK MURRAY EXECUTIVE VP 40.00 X 154449 0 27116 TEEA REED VP MARKETING 40.00 X 117824 0 22429 MONICA DAVIS SR VP RISK MANAGEMENT 40.00 X 100283 0 21210 DUSTIN BARGER VP FINANCIAL SERVICES 40.00 X 98825 0 21259 JEFFERY GLADU SENIOR VP IT 40.00 X 96669 0 20040 KAREN SCHREIBER VP ACCOUNTING 40.00 X 82061 0 20251 MEGAN MAGANA VP, HR 40.00 X 78703 0 18604 DAVID NIX CHAIR 1.00 X X 0 0 0 GARY STEVENSON VICE CHAIR 1.00 X X 0 0 0 ERIC WEST SECRETARY/TREASURER 1.00 X X 0 0 0 JULIE PRUETT DIRECTOR 1.00 X 0 0 0 DANNY AHERN DIRECTOR 1.00 X 0 0 0 PAUL FLEMING DIRECTOR 1.00 X 0 0 0 1866375 0 240489 6 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 CORE PROCESSOR 2139879 PUREIT CREDIT UNION SERVICES 1765 TELEGE ROAD CYPRESS TX 77429 MANAGED SERVICES NETWORK 303564 LINDMARK 2700 TECHNOLOGY PLACE NORMAN OK 73071 BILLBOARD ADVERTISING 269837 CREATIVE FILTER 524 E MAIN STREET JENKS OK 74037 MARKETING/DIGITAL SERVICES 241513 CREDIT BUREAU OF NORTH TEXAS PO BOX 4508 WICHITA FALLS TX 76308 CREDIT REPORTING 203621 7 INTEREST FROM LOANS TO MEMBERS 522100 14664558 14664558 FEES AND CHARGES 522100 3259222 2915845 343377 INTERCHANGE INCOME 522100 1329259 1329259 OTHER NONINTEREST INCOME 522100 1118745 1118745 20371784 1011422 1011422 247060 239235 7825 7825 7825 11455709 1802589 11133742 92601 321967 1709988 2031955 2031955 23422986 20028407 343377 3051202 X 2424974 1560155 5219680 458762 508421 364098 29199 72600 2536710 646782 2596543 788357 450809 224816 296452 896090 93739 LOAN SERVICING 1605892 PROVISION FOR LOAN LOSS 761393 OTHER EXPENSES 295330 ASSOCIATION DUES 114755 21945557 11752336 16052606 249000 0 121038 155205 6664276 6723495 270542602 385796294 251587 156985 28707740 13281169 12237571 15426571 45477650 22264618 6068375 5883218 19582837 26024339 372947272 478483331 882664 1298860 326737712 429675840 327620376 430974700 X 0 0 0 0 45326896 47508631 45326896 47508631 372947272 478483331 X 1477429 695759 8547 X 0 0 0 1939611 1939611 15780129 7425276 8354853 33605 20723 12882 10954395 5835170 5119225 15426571 ACCRUED INTEREST RECEIVABLE 1466212 OTHER ASSETS 2185710 LIFE INSURANCE POLICIES 1355108 NCUSIF DEPOSIT 3579413 LOANS HELD-FOR-SALE 7216244 PRE-FUNDED BENEFIT CONTRACT 10221652 26024339 DEFERRED COMPENSATION LIABILITY 55290 MEMBER'S SHARE AND SAVINGS ACCOUNT 429620550 429675840 X X 1 1 X X 0 1 0 KEVIN RHINE AVP MORTGAGE LOAN OFFICER 0 0 523864 0 534 0 19500 0 2808 0 546706 0 0 0 JOHN BARAD PRESIDENT/CEO 261250 0 104000 0 8721 0 26000 0 11534 0 411505 0 0 0 SCOTT FLINN VP MORTGAGE LOAN SERVICES 93212 0 145870 0 110 0 19500 0 10238 0 268930 0 0 0 PATRICK MURRAY EXECUTIVE VP 150280 0 2981 0 1188 0 15798 0 11318 0 181565 0 0 0 PART I, LINE 1A THE TRAVEL FOR COMPANIONS BENEFIT IS PROVIDED TO BOARD MEMBERS AND OFFICERS AT THE LEVEL OF ASSISTANT VICE PRESIDENT AND ABOVE. TRAVEL COMPANION COST IS NOT INCLUDED IN THE EMPLOYEE'S TAXABLE COMPENSATION UNLESS IT EXCEEDS $600. SOCIAL CLUB DUES ARE PAID BY THE CREDIT UNION FOR THE CEO. PART I, LINE 4B JOHN BARAD AND PATRICK MURRAY PARTICIPATE IN A LOAN REGIME SPLIT DOLLAR LIFE INSURANCE AGREEMENT. THE CREDIT UNION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. JOHN BARAD PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 4000000 4001030 0 1 1 PATRICK MURRAY EXECUTIVE VP SPLIT DOLLAR LIFE INSURANCE X 2700000 2722465 0 1 1 6723495 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN ARCHER, BAYLOR, CLAY, WICHITA AND WILBARGER COUNTIES, TEXAS AND COTTON AND TILLMAN COUNTIES, OKLAHOMA. ADDITIONALLY, IF YOU JOIN THE TEXAS CONSUMER COUNCIL, ARE A MEMBER OF THE AMERICAN RED CROSS-NORTH TEXAS REGION, OR AMERICAN RED CROSS-OKLAHOMA REGION. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND MODIFICATIONS TO THE FIELD OF MEMBERSHIP MUST HAVE PRIOR APPROVAL FROM MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY OUTSIDE INTEREST TO HR AND MANAGEMENT ANNUALLY. THIS POLICY COVERS OFFICERS, DIRECTORS, COMMITTEE PERSONS AND EMPLOYEES. DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT, SUCH AS RECUSAL FROM THE DELIBERATIONS OR DECISIONS, ARE MADE IN THE ETHICS AND CONDUCT POLICY. THESE PROCEDURES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE CEO. SALARY SURVEYS FROM CUES, CUNA AND CORNERSTONE CREDIT UNION LEAGUE ARE USED TO DETERMINE COMPENSATION. THE VICE CHAIRMAN OF THE BOARD DOCUMENTS THE PROCESS AND DETERMINATION RELATED TO THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. ANNUAL EVALUATIONS AS WELL AS SURVEYS AND SCALES ARE USED IN THIS DETERMINATION. THIS PROCESS AND DETERMINATION IS DOCUMENTED IN THE PERSONNEL FILES. THE CREDIT UNION USES A THIRD PARTY ENTITLED COMPEASE THAT EVALUATES AND ESTABLISHES THE RECOMMENDED PAY RANGES FOR EACH POSITION. THESE RECOMMENDATIONS ARE REVIEWED SEMI-ANNUALLY AND APPROVED ANNUALLY BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND ETHICS AND CONDUCT POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH LOCATION OF THE CREDIT UNION. FORM 990, PART IX, LINE 11G INVESTMENT CONSULTANTS 92,266. OTHER PROFESSIONAL FEES 2,308,600. SECURITY SERVICES 101. PROFESSIONAL FEES: ARMORED CAR 31,768. PROFESSIONAL FEES: ALARM CALLS 100. PROFESSIONAL FEES: PAYROLL 14,787. PROFESSIONAL FEES: INDIRECT LENDING 77,344. PROFESSIONAL FEES: WEBINARS 11,744. FORM 990, PART XI, LINE 9: INCREASE IN CUSO INVESTMENT 8,547. UNION SQUARE INSURANCE AGENCY INC 1401 HOLLIDAY WICHITA FALLS TX 76301 471961369 INSURANCE TX UNION SQUARE CREDIT UNION C 41357 34471 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0