2020-06-26T18:24:54-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 52012 990 2019-01-01 750692281 CITY CREDIT UNION CITY 2143195070 7474 FERGUSON ROAD DALLAS TX 75228 SHARON MOORE PRESIDENT/CEO 2143195070 2020-06-17 1 MARY C GREEN P00447183 6022662248 2020-06-17 67.137.57.251 2020-06-17 22:21:24 MS P 734C1E273F74A2F5BE0F14AFC1E3F98531097F4D 2E501BCF61DFB4557D57943657B7DD17A5A0B654 2019 2020-04-17 16:48:07Z SHARON MOORE 7474 FERGUSON ROAD DALLAS TX 75228 32697628 0 X WWW.CITYCU.ORG X 1942 TX A COOPERATIVE THRIFT INSTITUTION AND A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 9 9 155 9 684912 0 0 0 27133363 29288016 2098156 2736037 228906 673575 29460425 32697628 0 49300 2952245 3986707 8801559 9845119 0 0 0 13547348 15112158 25301152 28993284 4159273 3704344 466988036 496316324 420502788 446117599 46485248 50198725 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 36,671 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8466 0 155 1 1 1 0 0 0 0 0 0 0 X 9 9 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 PRES/CEO 40.00 X 453097 0 35671 MITCHELL CLARK CAO 40.00 X 224073 0 22935 JOHN BAILEY COO 40.00 X 223924 0 22764 SALLIE HORACE CRO 40.00 X 196792 0 20523 DAVID FRITH CSO 40.00 X 194951 0 20861 AMBER ABBITT CFO 40.00 X 183419 0 19612 GARETH CADA IT MANAGER 40.00 X 114740 0 10395 LORI GAINES DIRECTOR OF LENDING 40.00 X 104964 0 9994 SHARON GILLESPIE MARKETING MANAGER 40.00 X 103832 0 9521 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 BONNIE AMBROSE SECRETARY 1.00 X X 0 0 0 ARMIN CRUZ DIRECTOR 1.00 X 0 0 0 CHANDRA MARSHALL-HENSON DIRECTOR 1.00 X 0 0 0 CRAIG MILLER DIRECTOR 1.00 X 0 0 0 GILBERT AGUILAR DIRECTOR 1.00 X 0 0 0 MARY BLAND DIRECTOR 1.00 X 0 0 0 1799792 0 172276 9 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 TECHNOLOGY SERVICES 2917132 DSE HOCKEY CLUB 2601 AVENUE OF THE STARS DALLAS TX 75034 ADVERTISING 618134 ACHIEVA MORTGAGE 11 OAK CREEK DR SUITE E KAUFMAN TX 75142 MORTGAGE FUNDING 246015 SPARK LIGHTING 9135 SPRING BRANCH DR 202 HOUSTON TX 77080 SIGNAGE INSTALLATION 209869 TYS CREATIVE 199 S LOS ROBLES AVE STE 560 PASADENA CA 91101 ADVERTISING 205000 16 INTEREST ON LOANS TO MEMBERS 522100 19395376 19395376 FEES AND CHARGES 522100 8107736 8043272 64464 INSURANCE COMMISSION 522100 1050800 988435 62365 GAP COMMISSION 522100 623133 623133 MEMBERSHIP FINANCIAL SERVICES 522100 110971 110971 29288016 2736037 2736037 558083 0 558083 558083 558083 115492 115492 115492 32697628 29276679 684912 2736037 49300 3986707 1618622 9181 6009120 667269 1028944 511983 17154 55413 606752 1040772 1136636 913582 1532193 4583 200128 889277 PROVISION FOR LOAN LOSS 3874747 DEBIT CARD EXPENSE 1547276 DIGITAL/HOME BANKING 1227939 LOAN SERVICING 1057380 1008326 28993284 5638667 4520239 31394293 43220709 316991899 337376290 513259 463710 24658705 11416772 13191560 13241933 21628510 32069281 70711100 56597500 6918748 8826662 466988036 496316324 10203380 7487382 410299408 438630217 420502788 446117599 X 0 0 0 0 46485248 50198725 46485248 50198725 466988036 496316324 X 3704344 9133 X 0 1 X 1 0 3839922 3839922 13185298 4865196 8320102 76239 76239 0 7235166 6421521 813645 322080 53816 268264 13241933 CERTIFICATES OF DEPOSIT IN OTHER FINANCIAL INSTITUTIONS 56407000 C FEDERAL HOME LOAN BANK STOCK 190000 C PERPETUAL CONTRIBUTED CAPITAL ACCOUNT 500 C 56597500 MEMBER'S SHARE AND SAVINGS ACCOUNT 438630217 438630217 X 32739850 42222 42222 32697628 0 32697628 29035512 42228 42228 28993284 0 28993284 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION 42,217. ROUNDING 5. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION 42,217. ROUNDING 11. 0 BUCKNER INTERNATIONAL 700 N PEARL ST STE 1200 DALLAS TX 75201 750891443 501(C)(3) 27000 2165 FMV CLAY SHOOT YETI COOLERS SPONSORSHIP, SCHOOL SUPPLIES DRIVE, CHRISTMAS TOY DRIVE 1 X X 1 1 X X X X 0 1 0 SHARON MOORE PRES/CEO 360677 0 66250 0 26170 0 30000 0 5671 0 488768 0 0 0 MITCHELL CLARK CAO 189515 0 24750 0 9808 0 17264 0 5671 0 247008 0 0 0 JOHN BAILEY COO 189466 0 24750 0 9708 0 17093 0 5671 0 246688 0 0 0 SALLIE HORACE CRO 165277 0 23100 0 8415 0 14852 0 5671 0 217315 0 0 0 DAVID FRITH CSO 163235 0 23100 0 8616 0 15190 0 5671 0 215812 0 0 0 AMBER ABBITT CFO 156409 0 19080 0 7930 0 13941 0 5671 0 203031 0 0 0 PART I, LINE 4B SHARON MOORE - 457B CONTRIBUTION - $19,000 JOHN BAILEY - 457B CONTRIBUTION - $9,708 MITCHELL CLARK - 457B CONTRIBUTION - $9,808 SALLIE HORACE - 457B CONTRIBUTION - $8,415 DAVID FRITH - 457B CONTRIBUTION - $8,616 AMBER ABBITT - 457B CONTRIBUTION - $7,930 FORM 990, PART VI, SECTION A, LINE 4 CITY CU ADDED THE COUNTIES OF HUNT, JOHNSON, PARKER AND WISE COUNTIES TO THE FIELD OF MEMBERSHIP. 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 CAN 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 9,133. CITY CU FINANCIAL SERVICES LLC 7474 FERGUSON RD DALLAS TX 752286543 814446137 INSURANCE SALES TX 46814 50117 CITY CU