2020-09-15T13:34:40-07:00 2019-12-31 990 2019-01-01 751253045 LONE STAR CREDIT UNION LONE 2143279367 7508 Ferguson Rd Dallas TX 75228 Brian Harper CFO 2143279367 2020-09-15 139.138.134.132 2019 2021-04-22 16:20:28Z Becky Reed 7508 Ferguson Rd Dallas TX 75228 7485324 0 X https://www.lonestarcu.org X 1968 TX Provide financial services for members in our community charter field of membership 7 7 48 7 29535 9414 0 0 6486327 6845942 730296 639382 0 0 7216623 7485324 0 0 0 0 2793026 2746491 0 0 0 3825299 3659066 6618325 6405557 598298 1079767 125294706 121887110 116635377 111997707 8659329 9889403 Provide financial services for members in our community charter field of membership. 0 0 Provide financial services for members including loans of all types, checking accounts, and share savings accounts 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 48 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 1 1 X Becky Reed 2143279367 7508 Ferguson Rd Dallas TX 75228 Rebecca Reed Chief Executive Officer 50 2 X X 179181 0 21981 Leighann Carson Chief Administrative Officer 50 0 X 127597 0 27453 Brian Harper Chief Financial Officer 50 1 X 119574 0 32930 Marcy Phillips Chief Operating Officer 50 0 X 107116 0 25063 Wayne Price Chairman of the Board 1 0 X 0 0 0 Marki Holmes Vice Chairman 1 0 X 0 0 0 Jack Smith Secretary and Treasurer 1 0 X 0 0 0 Kimberly Marszalek Director 1 0 X 0 0 0 Ryan Holloway Director 1 0 X 0 0 0 Jerry Clancy Director 1 0 X 0 0 0 Graham Sweeney Director 1 0 X 0 0 0 533468 0 107427 4 0 1 0 Fiserv EFT PO Box 60000 San Francisco CA 94160 Debit/Credit card processing 299432 Pure IT Credit Union Services 17665 Telge Rd Cypress TX 77429 Network IT Architecture and Support 242463 PSCU 560 Carillon Pkwy St Petersburg FL 33716 Credit and debit processing 363919 3 0 loan interest 522130 4457107 4457107 0 0 fee income 522130 2388835 2359300 29535 0 0 0 0 0 6845942 639382 639382 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7485324 7455789 29535 0 533468 1601254 75365 372942 163462 18497 41365 70029 163461 832955 546218 333579 21777 87188 452291 248683 46832 Provision for loan losses 354439 Loan servicing expense 390644 51108 6405557 0 0 0 973354 1358236 22244609 16225354 324541 328821 94115720 93535613 1073333 1015624 5910910 2999733 3207989 2911177 2019639 3004134 33991 34258 1301530 3473893 125294706 121887110 177127 49715 116458250 111947992 116635377 111997707 X 0 0 0 0 8659329 9889403 8659329 9889403 125294706 121887110 1079767 150307 0 0 0 0 X 0 0 0 0 1 X 607132 0 607132 2920114 0 1497370 1422744 0 0 0 0 2015216 0 1172791 842425 368448 0 329572 38876 2911177 Schedule D, Part IV, Line 2b The credit union holds member share accounts such as savings, checking, money market, certificate of deposit and Individual Retirement Accounts on behalf of its members X X X 0 0 0 Rebecca Reed Chief Executive Officer 179181 0 0 0 0 0 0 0 21981 0 201162 0 0 0 Leighann Carson Chief Administrative Officer 127597 0 0 0 0 0 0 0 27453 0 155050 0 0 0 Brian Harper Chief Financial Officer 119574 0 0 0 0 0 0 0 32930 0 152504 0 0 0 Form 990, Part VI, Section A, Line 6 The credit union has 10,790 members Form 990, Part VI, Section A, Line 7a Members may nominate director candidates by presenting 1% of membership signatures in support of adding a candidate for board election at the next annual meeting Form 990, Part VI, Section A, Line 7b Items requiring member approval are presented for consideration at the member annual meeting Form 990, Part VI, Section B, Line 11b Information for the preparation of the 990 and 990T is gathered by the CFO with input from other executive officers Form 990, Part VI, Section B, Line 15 The board of directors review industry and geographic compensation data provided by an independent third party. This information includes salary range and average salary percentage increase from the previous year for the CEO role. The Chief Administrative Officer provides a salary change recommendation for the CEO to the directors. The Board deliberates on the recommendation in closed session. This was last performed in the first quarter of 2019. An annual performance evaluation is completed for all senior managers by the CEO. This was last performed in February 2019. The manager's final performance evaluation score and current compensation ratio within the industry and geographic salary range determine the percentage salary increase, if any. A salary increase matrix is annually approved in our budgeting process and is used to determine percent increases for all positions other than the Chief Executive Officer. Form 990, Part VI, Section C, Line 19 Governing documents are available by written request to the Chief Executive Officer at the address indicated. We file quarterly financial disclosures with our federal regulator NCUA and this information is publicly available at the ncua.gov website