2020-07-10T21:05:48-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 20 EAST THOMAS ROAD SUITE 2300 PHOENIX AZ 52012 990 2019-01-01 741271704 CENTEX CITIZENS CREDIT UNION CENT 2545629296 PO BOX 1252 MEXIA TX 76667 JANIS MASSEY PRESIDENT 2545629296 2020-06-23 1 MARY C GREEN P00447183 6022662248 2020-06-23 67.137.57.251 2020-06-23 19:41:22 MS P 94307BE716D664C10DC46CE445DCF2BF31E531AB 4F631A0F2353C82BFC42DEEE796FCAEBE8189237 2019 2021-04-22 16:20:28Z JANIS MASSEY PO BOX 1252 MEXIA TX 76667 4774716 0 X WWW.MYOWNCU.COM X 1954 TX CENTEX CITIZENS CREDIT UNION IS A COOPERATIVE THRIFT INSTITUTION WITH A STATE CHARTER AND IS A MEMBER OF THE NATIONAL SHARE INSURANCE FUND. 7 7 38 9 26623 -21575 0 0 4278503 4536698 94243 129221 78392 58242 4451138 4724161 0 0 195461 553679 1309682 1461753 0 0 0 2480244 2308451 3985387 4323883 465751 400278 70085580 79501349 56787789 66027072 13297791 13474277 COOPERATIVE PROVIDER OF CREDIT UNION FINANCIAL SERVICES. 0 0 SHARE ACCOUNTS: CENTEX CITIZENS CREDIT UNION'S SHARE ACCOUNTS OFFER ADVANTAGES TO MEMBERS OF ALL AGES. MEMBER SAVINGS ACCOUNTS PAY DIVIDENDS QUARTERLY AND OFFER ACCESS THROUGH OUR MAIN OFFICE AND BRANCH LOCATION. ACCESS IS ALSO AVAILABLE THROUGH THE INTERNET HOME BANKING, TELEPHONE, AUDIO RESPONSE AND ATM'S. CENTEX CITIZENS CREDIT UNION HAS A YOUTH SAVINGS PROGRAM THAT ENCOURAGES CONSISTENT SAVINGS HABITS. CENTEX CITIZENS CREDIT UNION HAS 10,486 MEMBERS. CHECKING ACCOUNTS: CENTEX CITIZENS CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR CONSUMERS WITH VARIOUS FEATURES, MOST OF WHICH OFFER MONTHLY PAID DIVIDENDS. OUR MEMBERS HAVE ACCESS TO THEIR ACCOUNTS THROUGH TWO LOCATIONS, FREE DEBIT CARDS, FREE ATM CARDS AND FREE INTERNET ONLINE BANKING. WE ALSO OFFER A BILL PAY FEATURE WITH UNLIMITED TRANSACTIONS FOR FREE. 47% OF MEMBERS HAVE CHECKING ACCOUNTS. CONSUMER LOANS: CENTEX CITIZENS CREDIT UNION HAS PROVIDED CONSUMER SIGNATURE LOANS FROM THE BEGINNING. THE CONSUMER LOAN PRODUCT LINE NOW INCLUDES EFFICIENT UNDERWRITING WITH FLEXIBLE OFFERINGS FOR VEHICLES, RECREATIONAL VEHICLES, WATER CRAFTS, MOTORCYCLES, HOME FURNISHINGS, HOME LAWN EQUIPMENT AND SHARE AND CERTIFICATE BACKED LOANS. BOTH LIFE AND DISABILITY INSURANCE IS AVAILABLE ON ANY OF THESE LOANS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1133 0 38 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X JANIS MASSEY 2545629296 PO BOX 1252 MEXIA TX 76667 JANIS MASSEY PRESIDENT 40.00 X 125356 0 13951 TAMI GIFFIN VP/OPERATIONS/LENDING 40.00 X 67373 0 11435 DEBBIE WILSON VP BUSINESS DEVELOPEMENT 40.00 X 66682 0 8336 KAY FOWLER VP ADMIN ACCOUNTING 40.00 X 55613 0 8831 LATONYA MOLINA VP ADMIN 40.00 X 39205 0 10114 KENNETH POLLARD JR CHAIRMAN 1.00 X X 0 0 0 RICHARD JOHNSON VICE CHAIRMAN 1.00 X X 0 0 0 TERRY DON SHIVERS SECRETARY 1.00 X X 0 0 0 BOBBY MCDONALD BOARD MEMBER 1.00 X 0 0 0 REBECCA VAUGHN BOARD MEMBER 1.00 X 0 0 0 DENNIS WILSON BOARD MEMBER 1.00 X 0 0 0 DR JOE SAUCEDO BOARD MEMBER 1.00 X 0 0 0 DONNA SAVAGE BOARD MEMBER (RESIGNED 03/19) 1.00 X 0 0 0 KRYSTAL PEREZ BOARD MEMBER (RESIGNED 03/19) 1.00 X 0 0 0 354229 0 52667 1 0 0 0 FISERV PO BOX 99924 GRAPEVINE TX 760999724 DATA PROCESSING 908581 1 INTEREST ON LOANS 522100 3209479 3209479 SHARE DRAFT INCOME 522100 715422 715422 DEBIT CARD INCOME 522100 493325 493325 LOAN FEE INCOME 522100 58651 58651 INSURANCE INCOME 522100 33198 33198 26623 26623 4536698 173276 173276 6500 40610 9945 -40610 -3445 -44055 -44055 MISCELLANEOUS REVENUE 522100 58242 58242 58242 4724161 4568317 26623 129221 X 553679 406896 740131 88389 154152 72185 19665 31200 986191 79572 142719 178610 7906 6637 165526 40241 ATM/DEBIT CARD EXPENSE 242265 PROVISION FOR LOAN LOSS 196484 MASTERCARD EXPENSE 79503 MISCELLANEOUS 57302 74630 4323883 1854877 2307599 6117016 16641992 4276 392867 56219092 51864336 83799 67611 8748552 1247814 4804256 7500738 400497 337959 601767 388247 70085580 79501349 1219307 925590 55568482 65101482 56787789 66027072 X 0 0 0 0 13297791 13474277 13297791 13474277 70085580 79501349 X 400278 -223792 X X 1 X 0 1 0 894585 894585 6903465 899303 6004162 950502 348511 601991 7500738 SHARES 29019685 SHARE DRAFTS 12190812 IRA REGULAR SHARES 2341346 IRA CERTIFICATES 2497111 REGULAR CERTIFICATES 19052528 65101482 FORM 990, PART VI, SECTION A, LINE 6 CENTEX CITIZENS CREDIT UNION'S FIELD OF MEMBERSHIP IS LIMITED TO PERSONS WHO WORK OR RESIDE IN LIMESTONE COUNTY, TEXAS AND THAT PORTION OF FREESTONE COUNTY WEST OF I-45 AND SOUTH OF HIGHWAY 22; AND THAT PORTION OF HILL COUNTY SOUTH OF HIGHWAY 22 AND EAST OF I-35 TO INCLUDE HILLSBORO; AND THAT PORTION OF ELLIS COUNTY WITH POSTAL CODES 75101, 76670, 76651, 76623, 75119; WITH THE FOLLOWING EXCLUSIONS: PERSONS THAT ARE ELIGIBLE FOR PRIMARY MEMBERSHIP IN EXISTING OCCUPATIONAL OR ASSOCIATION-BASED CREDIT UNIONS IN NAVARRO AND HILL COUNTIES AND MEMBERS OF THE FAMILY OF SUCH PERSONS. FORM 990, PART VI, SECTION A, LINE 7A EACH YEAR A QUORUM OF THE MEMBERSHIP (25 OR MORE MEMBERS) OF CENTEX CITIZENS CREDIT UNION ELECTS TWO OR THREE PERSONS TO SERVE THREE YEAR TERMS ON THE BOARD OF DIRECTORS. THIS QUORUM CONVENES AT AN ANNUAL MEETING HELD BEFORE JUNE 1ST OF EACH YEAR. EACH MEMBER IS ALLOWED ONE VOTE AND NO MEMBER IS ALLOWED TO VOTE BY PROXY. 45 DAYS PRIOR TO THE ANNUAL MEETING THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE OF THREE THAT DETERMINES IF THE NOMINEE IS QUALIFIED TO SERVE AS A BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE CREDIT UNION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF CENTEX CITIZENS CREDIT UNION'S GOVERNING BODY FOR REVIEW. QUESTIONS AND COMMENTS ARE THEN SUBMITTED TO THE PRESIDENT FOR REVIEW. WHEN THE BOARD OF DIRECTORS ARE SATISFIED THE REPORT HAS BEEN COMPLETED ACCURATELY AND CORRECTLY, THEY GIVE FINAL APPROVAL FOR IT TO BE SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. COVERED INDIVIDUALS (OR THEIR FAMILIES) MUST COMPLETELY DISCLOSE FINANCIAL INTERESTS HELD IN ANY ORGANIZATION WHICH MAY BE CONSIDERED A CREDIT UNION COMPETITOR OR BUSINESS CONTACT. IF MANAGEMENT CONCLUDES THAT A REAL OR PERCEIVED CONFLICT OF INTEREST EXISTS, APPROPRIATE ACTION TO RESOLVE THE CONFLICT SHOULD BE TAKEN. MANAGERS OF COVERED INDIVIDUALS WHO ARE ENGAGED IN APPROVED OUTSIDE BUSINESS ACTIVITIES MUST MAINTAIN AN ONGOING REVIEW OF THE SITUATION TO ENSURE THAT CHANGED CIRCUMSTANCES DO NOT CREATE VIOLATIONS OF THIS POLICY. AS OUTLINED IN CREDIT UNION PROCEDURE, COPIES OF WRITTEN REPORTS OF ANY DISCLOSURES MADE BY COVERED INDIVIDUALS WILL BE MAINTAINED BY MANAGEMENT. DOCUMENTATION OF COVERED INDIVIDUALS WRITTEN ACKNOWLEDGEMENT OF COMPLIANCE WITH THIS CODE OF ETHICS WILL ALSO BE MAINTAINED, AS WILL ANY MODIFICATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE WHICH USES THE CUNA ANNUAL COMPENSATION SURVEY TO ASSIST IN DETERMINING THE PRESIDENT'S COMPENSATION. ANY FINAL DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD MINUTES. THE PRESIDENT DETERMINES THE COMPENSATION FOR OFFICERS AND ALL EMPLOYEES USING THE SAME CUNA ANNUAL COMPENSATION SURVEY. ALL DECISIONS ARE DOCUMENTED IN THE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 CENTEX CITIZENS CREDIT UNION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER 77,610. FISERV 908,581. FORM 990, PART IX, LINE 24E SHARE DRAFT EXPENSE 27,011. CREDIT REPORT EXPENSE 25,466. ASSOCIATION DUES 22,153. FORM 990, PART XI, LINE 9: LOSS ON PENSION PLAN ASSETS -223,792. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSEES THE AUDITED FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.