2019-06-24T13:11:14-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 750692281 CITY CREDIT UNION CITY 2143195070 7474 FERGUSON ROAD DALLAS TX 75228 SHARON MOORE PRESIDENT/CEO 2143195070 2019-05-14 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-05-14 14:40:49 US P CB7CF8D7F2EFC0B7F06C37225779BA248FFFA305 84C4C660BC69268AEB489E0AF08FED40F2329B80 2018 2019-02-21 02:37:17Z SHARON MOORE 7474 FERGUSON ROAD DALLAS TX 75228 29547676 0 X WWW.CITYCU.ORG X 1942 TX A COOPERATIVE THRIFT INSTITUTION AND A MEMBER OF THE NATIONAL CREDIT UNION ADMINISTRATION. 9 9 154 9 49080 0 0 0 24513964 27133363 1187477 2098156 13614 228906 25715055 29460425 0 0 1646886 2952245 7896554 8801559 0 0 0 12285090 13547348 21828530 25301152 3886525 4159273 408474313 466988036 365008211 420502788 43466102 46485248 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 36,000 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 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7313 0 154 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 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 GILBERT AGUILAR DIRECTOR 1.00 X 0 0 0 MARY BLAND DIRECTOR 1.00 X 0 0 0 CHANDRA MARSHALL-HENSON DIRECTOR 1.00 X 0 0 0 MORGAN MAY DIRECTOR 1.00 X 0 0 0 CRAIG MILLER DIRECTOR 1.00 X 0 0 0 SHARON MOORE PRES/CEO 40.00 X 306069 0 18963 MITCHELL CLARK CAO 40.00 X 154503 0 13275 JOHN BAILEY COO 40.00 X 157348 0 13129 DAVID FRITH CSO 40.00 X 134388 0 19419 SALLIE HORACE CRO 40.00 X 143852 0 14041 AMBER ABBITT CFO 40.00 X 122943 0 10278 GARETH CADA IT MANAGER 40.00 X 84899 0 11559 SHARON GILLESPIE MARKETING MANAGER 40.00 X 80996 0 10829 1184998 0 111493 6 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 TECHNOLOGY SERVICES 2760267 BIG STATE CONSTRUCTION 302 FOREST GROVE RICHARDSON TX 75080 CONSTRUCTION 472874 TYS CREATIVE 1111 CORPORATE CENTER DR MONTEREY PARK CA 91754 ADVERTISING 270850 ACHIEVA MORTGAGE 11 OAK CREEK DR SUITE E KAUFMAN TX 75142 MORTGAGE FUNDING 174233 SWBC OUTSOURCE 9311 SAN PEDRO AVE SUITE 600 SAN ANTONIO TX 78216 FINANCIAL OUTSOURCING 160531 7 INTEREST ON LOANS TO MEMBERS 522100 16960761 16960761 FEES AND CHARGES 522100 8433858 8414675 19183 INSURANCE COMMISSION 522100 980177 980177 GAP COMMISSION 522100 659099 659099 MEMBERSHIP FINANCIAL SERVICES 522100 99468 99468 27133363 2103083 2103083 82324 87251 -4927 -4927 -4927 228906 199009 29897 228906 29460425 27313189 49080 2098156 2952245 1296489 5689966 466008 865350 483746 11497 71184 536012 796458 1135438 1000350 1109465 5000 182006 778168 PROVISION FOR LOAN LOSS 3382889 DEBIT CARD EXPENSE 1450295 DIGITAL/HOME BANKING 1049552 LOAN SERVICING 1031062 1007972 25301152 3871200 5638667 36209969 31394293 275571150 316991899 619201 513259 25602431 12410871 9100846 13191560 19902818 21628510 55803100 70711100 7396029 6918748 408474313 466988036 9320596 10203380 355687615 410299408 365008211 420502788 X 0 0 0 0 43466102 46485248 43466102 46485248 408474313 466988036 X 4159273 -1140127 X 0 1 X 1 0 3839922 3839922 13004929 4565210 8439719 121186 120302 884 8560618 7677150 883468 75776 48209 27567 13191560 CERTIFICATES OF DEPOSIT IN OTHER FINANCIAL INSTITUTIONS 70545000 C FEDERAL HOME LOAN BANK STOCK 165600 C PERPETUAL CONTRIBUTED CAPITAL ACCOUNT 500 C 70711100 MEMBER'S SHARE AND SAVINGS ACCOUNT 410299408 410299408 X 29465352 0 29465352 -4927 -4927 29460425 25306079 4927 4927 25301152 0 25301152 PART X, LINE 2: THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2018 AND 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET LOSS ON SALE OF FORECLOSED ASSETS -4,927. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON SALE OF FORECLOSED ASSETS 4,927. X X 1 1 X X X X 0 1 0 SHARON MOORE PRES/CEO 238198 0 60701 0 7170 0 12059 0 6904 0 325032 0 0 0 MITCHELL CLARK CAO 132205 0 22298 0 0 0 6934 0 6341 0 167778 0 0 0 JOHN BAILEY COO 135050 0 22298 0 0 0 6550 0 6579 0 170477 0 0 0 DAVID FRITH CSO 113801 0 20587 0 0 0 6108 0 13311 0 153807 0 0 0 SALLIE HORACE CRO 124007 0 19845 0 0 0 6887 0 7154 0 157893 0 0 0 PART I, LINE 4B SHARON MOORE - 457B CONTRIBUTION - $18,022.50 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE CHANGED TO REFLECT AN EXPANSION IN THE FIELD OF MEMBERSHIP TO INCLUDE KAUFMAN, COLLIN, DENTON AND TARRANT COUNTY. SECTION 3.04 REGARDING EXPLUSION FROM MEMBERSHIP AND FORFEITURE OF MEMBERSHIP WAS ADDED TO THE BYLAWS. 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, AND TARRANT. 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 VETO 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 CREDIT UNION CONTRACTS WITH AN INDEPENDENT CPA FIRM TO CONDUCT INTERNAL AUDITS OF ITS OPERATIONS AND COMPLIANCE WITH WRITTEN POLICIES AND PROCEDURES. 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 -1,140,127. CITY CU FINANCIAL SERVICES LLC 7474 FERGUSON RD DALLAS TX 752286543 814446137 INSURANCE SALES TX -35053 41673 CITY CU