2020-11-17T15:18:32-06:00 2019-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-01-01 741237070 NAVY ARMY COMMUNITY CREDIT UNION NAVY 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 DANA SISK EXECUTIVE VICE PRESIDENT 3619864500 2020-11-16 1 KACIE MCEWEN P01599614 6123324300 2020-11-16 68.47.31.197 2020-11-16 12:31:28 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 03529DF6567CFB0D20C3C8C4F0F8DA9C5BDC3671 2019 2022-01-07 14:23:13Z GERRY MORROW 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 193208600 0 X WWW.NAVYARMYCCU.COM X 1955 TX TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 9 9 721 12 352702 -461925 0 0 162760695 189112058 2232560 3501535 0 0 164993255 192613593 0 0 35170371 50732976 37461976 42162894 0 0 0 62762488 63085576 135394835 155981446 29598420 36632147 2970687295 3263904258 2666599437 2926197272 304087858 337706986 TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 0 0 NAVY ARMY COMMUNITY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2019 THE TOTAL NUMBER OF LOANS ISSUED WAS 119,766 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $2,968,602,053. NAVY ARMY COMMUNITY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2019 THE TOTAL NUMBER OF MEMBERS WAS 188,405 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 319,007 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $2,746,362,098. NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM ACCESS TO MEMBERS. DURING 2019, THE TOTAL NUMBER OF ATM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 1,671,018. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 105574 0 1 721 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 0 0 TX X DANA SISK 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 GERRY MORROW PRESIDENT/CEO 40.00 X 904518 0 32550 DANA SISK EXECUTIVE VICE PRESIDENT 40.00 X 316490 0 18678 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 235666 0 38779 DANIEL DIBBLE CHIEF LENDING OFFICER CONSUMER & COM 40.00 X 249729 0 18471 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 40.00 X 224932 0 30073 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 40.00 X 224502 0 21835 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 40.00 X 204696 0 18752 CLARE FOWLER SR VP OPERATIONS TECHNOLOGY 40.00 X 194485 0 14064 ASHLEY SMITH CHIEF OF MARKETING 40.00 X 171990 0 31483 GERALD PENNINGTON VP INDIRECT AUTO LENDING 40.00 X 151192 0 30082 JAMIE AGUILAR VP MORTGAGE ORIGINATION 40.00 X 155889 0 24817 TERRI YOUNG VP BRANCH OPERATIONS AND TRAINING 40.00 X 160271 0 10478 MARK ESTES VP CREDIT ADMINISTRATION 40.00 X 157505 0 9560 GARY LANKFORD SVP REMOTE LENDING 40.00 X 138332 0 12740 CHRISTINA LETHLEAN CHIEF FINANCIAL OFFICER 40.00 X 91338 0 2207 PEDRO RIVERA JR DIRECTOR 3.00 X 16800 0 0 BOB WESTRUP TREASURER 3.00 X X 16500 0 0 BRYAN STONE CHAIR 3.00 X X 15600 0 0 JOHN CHAPMAN VICE CHAIR 3.00 X X 14100 0 0 KENDRA KINNISON DIRECTOR 3.00 X 12600 0 0 THERESA GONZALES SECRETARY 3.00 X X 12000 0 0 SYLVIA MARTINEZ DIRECTOR 3.00 X 11400 0 0 THELMA MANDEL DIRECTOR 3.00 X 11400 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 10500 0 0 3702435 0 314569 35 0 1 0 NOBLE TEXAS BUILDERS LLC 108 S MAIN ST LA FERIA TX 78559 CONSTRUCTION 2898021 FISERV PO BOX 208457 DALLAS TX 75320 PROFESSIONAL SERVICES 2323747 MOREHEAD DOTTS RYBAK 545 N UPPER BROADWAY CORPUS CHRISTI TX 78401 PROFESSIONAL SERVICES 1652590 DYKEMA ARCHITECTS 800 N SHORELINE STE 400 N CORPUS CHRISTI TX 78401 CONSTRUCTION 1109370 LANVERA 112 WRANGLER DR STE 150 COPPELL TX 75019 PROFESSIONAL SERVICES 1057928 33 INTEREST ON LOANS 522100 145392303 145392303 FEE INCOME 522100 25286354 24933652 352702 INTERCHANGE INCOME 522100 14237873 14237873 INSURANCE & OTHER OPERATING INCOM 522100 3333869 3333869 NON-OPERATING INCOME 522100 861659 861659 189112058 4096542 4096542 595007 -595007 -595007 -595007 192613593 188759356 352702 3501535 50732976 2951693 26792897 846350 9324546 2247408 251307 259279 3603484 2451090 5113554 1438455 4362435 458225 3218333 7386799 439223 PROVISION FOR LOAN LOSS 21828019 DEBIT CARD/ATM EXPENSE 7535302 LOAN SERVICING EXPENSE 4740071 155981446 193080926 167190684 2645188904 2952490585 1608249 1497129 105170426 53166472 48572313 52003954 5239900 7738401 76997003 82983505 2970687295 3263904258 20876117 29835175 100000000 150000000 2545723320 2746362097 2666599437 2926197272 X 0 0 0 0 304087858 337706986 304087858 337706986 2970687295 3263904258 X 36632147 -3013019 X 0 1 X 1 0 10152000 10152000 47258913 15559729 31699184 1560386 1312495 247891 25231564 20810514 4421050 20967563 15483734 5483829 52003954 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 2746362097 2746362097 X X X 0 1 0 GERRY MORROW PRESIDENT/CEO 801680 0 98845 0 3993 0 10200 0 22350 0 937068 0 0 0 DANA SISK EXECUTIVE VICE PRESIDENT 266220 0 50000 0 270 0 7753 0 10925 0 335168 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 210486 0 25000 0 180 0 8472 0 30307 0 274445 0 0 0 DANIEL DIBBLE CHIEF LENDING OFFICER CONSUMER & COM 234459 0 15000 0 270 0 7788 0 10683 0 268200 0 0 0 CYNTHIA RAMOS CHIEF OPERATIONS OFFICER 199159 0 25000 0 773 0 9206 0 20867 0 255005 0 0 0 ROMAN ESCOBAR CHIEF REAL ESTATE OFFICER 199322 0 25000 0 180 0 1894 0 19941 0 246337 0 0 0 VIRGINIA WHITHAM CHIEF OF HUMAN RESOURCES 179461 0 25000 0 235 0 8219 0 10533 0 223448 0 0 0 CLARE FOWLER SR VP OPERATIONS TECHNOLOGY 177900 0 16000 0 585 0 5275 0 8789 0 208549 0 0 0 ASHLEY SMITH CHIEF OF MARKETING 149295 0 22500 0 195 0 1507 0 29976 0 203473 0 0 0 GERALD PENNINGTON VP INDIRECT AUTO LENDING 141015 0 10000 0 177 0 6348 0 23734 0 181274 0 0 0 JAMIE AGUILAR VP MORTGAGE ORIGINATION 150832 0 5000 0 57 0 6439 0 18378 0 180706 0 0 0 TERRI YOUNG VP BRANCH OPERATIONS AND TRAINING 146004 0 14000 0 267 0 1358 0 9120 0 170749 0 0 0 MARK ESTES VP CREDIT ADMINISTRATION 146044 0 10000 0 1461 0 1349 0 8211 0 167065 0 0 0 GARY LANKFORD SVP REMOTE LENDING 121540 0 15000 0 1792 0 4392 0 8348 0 151072 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: GERRY MORROW - NO DISTRIBUTIONS IN 2019 DANA SISK - NO DISTRIBUTIONS IN 2019 SHANNON SRP - NO DISTRIBUTIONS IN 2019 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM IS REVIEWED IN DETAIL BY THE EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION EMPLOYEES, DIRECTORS, OFFICERS AND THEIR SPOUSES ARE REQUIRED TO FILE AN ANNUAL DISCLOSURE STATEMENT LISTING ANY FINANCIAL INSTITUTIONS, TRADE ASSOCIATIONS OR RELATED BUSINESS THEY ARE ASSOCIATED WITH AS A DIRECTOR, OFFICER OR EMPLOYEE WITH A MATERIAL OWNERSHIP INTEREST OF $5,000 OR MORE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE PRESIDENT AND BOARD AND ANY CONFLICTS OF INTEREST ARE RESOLVED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15A ALL STAFF COMPENSATION IS MEASURED AGAINST INDUSTRY STANDARDS BY THE HUMAN RESOURCES DEPARTMENT AND APPROVED BY THE PRESIDENT. THE BOARD OF DIRECTORS REVIEW COMPENSATION FOR THE PRESIDENT'S POSITION. FORM 990, PART VI, SECTION C, LINE 19 NAVY ARMY COMMUNITY CREDIT UNION'S WEBSITE HAS A LINK TO THE MARKETING DEPARTMENT WHERE MEMBERS CAN REQUEST DOCUMENTS. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). ALSO, A COPY OF THE FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH SITE AND ARE AVAILABLE TO THE PUBLIC ON NCUA'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -3,013,019.