2020-11-13T10:55:16-08:00 2019-12-31 900085186 Murrey Paschall & Caperton PC 301 E BROAD ST FORNEY TX 751264110 990 2019-01-01 756016747 AMERICAS CREDIT UNION AMER 9724945328 PO BOX 469046 GARLAND TX 75046 Rebecca McCoy President & CEO 2020-11-13 true Kyle Allis P02033209 9725641660 2019 2022-01-07 14:23:13Z PO BOX 469046 GARLAND TX 750469046 9233493 false X AMERICASCU.ORG X 1934 TX AMERICA'S CREDIT UNION OFFERS NUMEROUS SERVICES TO ITS MEMBER-OWNERS, EACH DESIGNED TO ASSIST THEM IN IMPROVING THEIR ECONOMIC WELL-BEING. 9 9 53 59539 -47041 0 8948951 9173954 0 45412 59539 8994363 9233493 0 0 3790653 3903332 0 0 3439098 3879946 7229751 7783278 1764612 1450215 228611661 225376301 195857870 191169267 32753791 34207034 AMERICA'S CREDIT UNION EXISTS TO EMPOWER MEMBER-OWNERS TO IMPROVE THEIR ECONOMIC WELL-BEING WHILE EMPLOYING THE FOLLOWING CORE VALUES: PERSONAL SERVICE, INTEGRITY, EXCELLENCE, FINANCIAL STABILITY, AND A COOPERATIVE PHILOSOPHY. false false PROVIDED COMPETITIVE, LOW COST FINANCIAL SERVICES TO MEET THE NEEDS OF CREDIT UNION MEMBERSHIP IN ORDER TO HELP THEM ACHIEVE IMPROVED ECONOMIC WELL-BEING. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 3026 0 true 53 true true true false false false false false false false X 9 9 false false false false true true false true true false true true true true true true true true true true false X X REBECCA MCCOY 9724945328 2154 FOREST LANE GARLAND TX 75046 REBECCA McCOY President & CEO 40.00 0.00 X 197466 0 0 JANET SANDERS COO 40.00 0.00 X 144767 0 0 RENEE BARTLETT Director 1.00 0.00 X 0 0 0 JOHN WILLIS Secretary/Treas 1.00 0.00 X 0 0 0 LAURA COX Director 1.00 0.00 X 0 0 0 JOE SATAGAJ Director 1.00 0.00 X 0 0 0 DENA SMITH Director 1.00 0.00 X 0 0 0 BEVERLY AXE Director 1.00 0.00 X X 0 0 0 LARRY WADSWORTH Director 1.00 0.00 X 0 0 0 EDDIE E MOORE Chairman 1.00 0.00 X X 0 0 0 CHRISTOPHER ENGLISH VICE CHAIRMAN 1.00 0.00 X X 0 0 0 342233 2 false true false FISERV INC PO BOX 979 BROOKFIELD WI 530080979 INFO TECHNOLOGY 227948 LEVEL 3 PO BOX 910182 DENVER CO 80291 INTERNET SERVICES 174135 2 0 FEE INCOME 1158329 1158329 INVESTMENT INCOME 2325865 2325865 LOAN INTEREST INCOME 5689760 5689760 9173954 0 0 0 0 0 0 0 0 AD&D INSURANCE 17189 17189 ATM INCOME 22282 22282 CUNA INSURANCE PRODUCTS 12078 12078 7990 7990 59539 9233493 9173954 59539 0 0 0 0 342233 0 2470843 139724 746068 204464 0 19258 51000 0 0 22273 673770 283666 353635 596211 0 355661 29513 0 0 392891 0 206869 86032 LOAN SERVICING EXPENSES 256789 PROVISIONS FOR LOANS/OD LOSSES 243683 Postage and Shipping 111485 STATE EXAM FEES 88118 109092 7783278 0 0 0 13492553 10148775 84056344 86747043 0 0 0 0 125163111 122501816 0 0 13598015 8257975 5245029 5340040 0 0 0 0 654624 638627 228611661 225376301 1097371 516590 194760499 190652677 195857870 191169267 X 32753791 34207034 32753791 34207034 228611661 225376301 X 1450215 3028 X false false false 698604 698604 7379186 3112069 4267117 136713 136713 3717721 3343402 374319 1665791 1665791 5340040 ACCRUALS AND OTHER LIABILITIES 1286454 MEMBER DEPOSITS 189366223 190652677 X X X X false false false REBECCA McCOY President & CEO 182466 15000 197466 CHRISTOPHER ENGLISH VICE CHAIR ORG IS CREDIT UNION X 494333 391115 false true true RENEE BARLETT DIRECTOR ORG IS CREDIT UNION X 300829 282558 false true true EDDIE MOORE CHAIRMAN ORG IS CU X 98850 49945 false true true 723618 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder THERE ARE NO STOCKHOLDERS, ONLY MEMBERS. ORGANIZATION IS A CREDIT UNION MADE UP OF MEMBERS WHO ARE ELIGIBLE TO JOIN BASED ON SPECIFIC CRITERIA. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW EITHER AT A REGULARLY SCHEDULED BOARD MEETING OR VIA EMAIL OR FAX BETWEEN MEETINGS PRIOR TO BEING FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts INTERNAL CONTROLS HAVE BEEN PUT INTO PLACE REGARDING TRANSACTIONS AND LENDING THAT PROHIBIT EMPLOYEES FROM INITIATING THESE TYPES OF TRANSACTIONS ON PERSONAL OR FAMILY MEMBERS ACCOUNTS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees COMPENSATION OF THE PRESIDENT/CEO AND VARIOUS OTHER EXECUTIVE LEVEL POSITIONS WITHIN THE CREDIT UNION ARE ESTABLISHED BY THE BOARD OF DIRECTORS, BASED ON THEIR CONSULTATION WITH AN INDEPENDENT ENTITY THAT PROVIDES COMPARABILITY DATA AND PERCENTAGES OF INCREASE BASED ON A SCORING SYSTEM. THE PRESIDENT THEN USES SAME DATA TO RECOMMEND SALARY INCREASES FOR OTHER EMPLOYEES. BOARD APPROVAL OF SALARIES IS DOCUMENTED IN THE BOARD MEETING MINUTES. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES AND COPIES OF FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE CREDIT UNION'S MAIN OFFICES LOCATED AT 2154 FOREST LANE, GARLAND, TX 75046. FINANCIAL STATEMENTS ARE ALSO POSTED IN THE LOBBY OF EACH BRANCH LOCATION AS WELL AS BEING PUBLISHED IN THE ANNUAL REPORT WHICH IS DISTRIBUTED TO EACH MEMBER WHO ATTENDS THE ANNUAL MEETING. Other Changes In Net Assets Or Fund Balances - Other Increases Investment Valuation Reserve = $3028