2025-11-17T15:00:29-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 741260543 TEXAS DOW EMPLOYEES CREDIT UNION TEXA 9792485633 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 JASON SCHNEIDER SVP & CFO 9792485633 2025-11-17 1 0 AUBREY CLEGG P01076395 3052328272 2025-11-15 2024 2025-03-06 01:10:19Z X ISAAC JOHNSON 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 359913647 0 X WWW.TDECU.ORG X 1955 TX INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. 14 14 1070 0 6518489 0 0 0 304387311 303568991 9317712 19219070 35033487 35154285 348738510 357942346 695001 665000 0 0 100864090 98067869 0 0 0 214284205 252580160 315843296 351313029 32895214 6629317 4690360790 4768473410 4224946932 4295787319 465413858 472686091 INCREASE ECONOMIC WELL-BEING OF OUR MEMBERS THROUGH NOT-FOR-PROFIT, COOPERATIVE FINANCIAL SERVICES. 0 0 TDECU IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE WITH MORE THAN 381,000 MEMBERS. THROUGHOUT THEIR MEMBER SERVICE LOCATIONS, TDECU OFFERS A COMPLETE SELECTION OF CONVENIENT AND COMPETITIVE PRODUCTS AND SERVICES. TDECU'S MISSION IS TO HELP PEOPLE NAVIGATE THEIR FINANCIAL JOURNEYS. TDECU IS DRIVEN BY A MISSION OF PEOPLE HELPING PEOPLE. CREDIT UNIONS WERE CREATED SO MEMBERS COULD INVEST THEIR SAVINGS TOGETHER, LEND TO ONE ANOTHER, AND OWN A PART IN THE ORGANIZATION - A TRUE DEFINITION OF PEOPLE HELPING PEOPLE. TDECU SUPPORTS INITIATIVES THAT HELP LOCAL COMMUNITIES THRIVE THROUGH A FOCUS ON EDUCATIONAL, HEALTH, AND ECONOMIC DEVELOPMENT ALL OF WHICH FORM THE TDECU COMMUNITY ENGAGEMENT PLATFORM. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 175892 0 1 1070 1 1 1 0 0 0 0 0 1 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JASON SCHNEIDER 9792485633 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 ADAM CHIBIB BOD MEMBER 2.50 X 75500 0 0 DANIEL L BUCHE BOD VICE CHAIRPERSON 2.50 X 73340 0 0 DAVID SIKORA BOD MEMBER 5.00 X 481000 0 0 EDWARD L ZINGLEMAN BOD TREASURER 2.50 X 66249 0 0 ELIZABETH RICHMOND KILLINGER BOD MEMBER 2.50 X 89500 0 0 GREGORY MONTANA BOD MEMBER 2.50 X 110542 0 0 IRAK ULISES ROSAS BOD MEMBER 2.50 X 16000 0 0 JACK M ANTONINI HOLDINGS BOARD MEMBER 1.00 2.50 X 21687 0 0 LAVONNE BURKE BOD MEMBER 2.50 X 66500 0 0 LYNDEN B ROSE BOD MEMBER 2.50 X 90500 0 0 PEGGY MILTENBERGER BOD MEMBER 2.50 X 143500 0 0 ROBERT B BALDWIN III HOLDINGS BOARD MEMBER 1.00 2.50 X 23773 0 0 ROLAND K HENDRICKS BOD CHAIRPERSON 2.50 X 96237 0 0 JEFFREY R HARDER BOD MEMBER 2.50 X 6000 0 0 DICK SMITH BOD MEMBER 2.50 X 120000 0 0 FRANK COE BOD MEMBER 2.50 X 90000 0 0 ISAAC JOHNSON PRESIDENT AND CHIEF EXECUTIVE OFFICER 40.00 X 1151863 0 584617 JASON SCHNEIDER CHIEF FINANCE OFFICER 40.00 X 531318 0 267618 JOSE DELGADO CHIEF BANKING OFFICER 40.00 X 785012 0 36137 ASHISH CHOPRA CHIEF INFORMATION AND TECHNOLOGY OFFICER 40.00 X 536836 0 112741 MICHAEL MASSEY HOLDINGS PRESIDENT AND SVP TDECU 1.00 40.00 X 496659 0 246554 QIARA SUGGS CHIEF HUMAN CAPITAL OFFICER 40.00 X 455928 0 238984 APARNA DAVE CHIEF LEGAL OFFICER 40.00 X 423637 0 133219 SHEILUDIS MOYETT CHIEF MARKETING AND DIGITAL OFFICER 40.00 X 406569 0 219529 JOSHUA BRIAN CHIEF GROWTH OFFICER 40.00 X 350978 0 124306 ANTHONY WARDEN SVP - MEMBER EXPERIENCE 40.00 X 387501 0 198706 SETH PAYNE VP - ASSOCIATE GENERAL COUNSEL - LITIGATION 40.00 X 343975 0 56097 JANET PRUITT CHIEF AUDIT OFFICER 40.00 X 361413 0 66629 BRANDY PHILLIPS SVP - OPERATIONS 40.00 X 333325 0 147176 PAUL WATSON SVP - COMMERCIAL LENDING 40.00 X 342449 0 107647 8477791 0 2539960 206 0 1 0 VISA 900 METRO CENTER BLVD FOSTER CITY CA 94404 VISA DPS 9410797 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CALL CENTER, STATEMENT PROCESSING, INCET 9028422 BUCEES 327 FM 2004 LAKE JACKSON TX 77566 FUEL DISCOUNTS/CC INTERCHANGE/ATM TRANSA 2627301 LANVERA LTD 112 WRANGLER DRIVE STE 150 COPPELL TX 75019 MONTHLY NOTICES/FORMS/ESTATEMENTS 2541027 CARDTRONICS 2050 WEST SAM HOUSTON PARKWAY SOUTH HOUSTON TX 77042 ATMS PROVIDED BY CARDTRONICS WITH TDECU 1919289 40 INTEREST ON LOANS 522100 256408850 256408850 FEE INCOME 522100 29224691 29224691 OTHER OPERATING INCOME 522100 11416961 11416961 FINANCE AND INSURANCE 520000 6511495 6511495 INCOME FROM CUSO (FUTUREDGE, LLC) 540000 6994 6994 303568991 19259958 19259958 205800 1724613 375050 1596251 -169250 128362 -40888 -40888 INTERCHANGE INCOME 522100 33915537 33915537 LOAN SERVICING INCOME 522100 1238748 1238748 35154285 357942346 332204787 6518489 19219070 X 665000 8672833 66357255 3551749 14251459 5234573 3385537 109507 12429417 10690761 8586278 16491567 7842459 1818458 106132 81220332 10258553 779287 PROVISION LOAN LOSSES 52839980 OTHER SERVICES EXPENSES 38570449 LOAN SERVICING 6105351 MISCELLANEOUS EXPENSES 960045 386047 351313029 13736092 15486470 229045675 335897059 13745473 20739877 2582406 4594282 4194879846 4154447576 7360170 8377917 115740186 62617533 57251210 53122653 36716062 35342956 30831462 31111873 20504800 18963346 83707594 90389401 4690360790 4768473410 85315702 60353340 1712500 1235294 17373526 11203575 309973900 221000000 3810571304 4001995110 4224946932 4295787319 X 0 0 0 0 465413858 472686091 465413858 472686091 4690360790 4768473410 6629317 642916 0 X X 0 1 X 1 0 0 1 X 21704012 21704012 46856556 24253936 22602620 6276673 4804300 1472373 40099627 32908765 7190862 803318 650532 152786 53122653 CERTIFICATES OF DEPOSIT 1395303547 CLUB ACCOUNTS 69883384 IRA SAVINGS 25814181 MONEY MARKET 267278963 REGULAR SHARES 1099371272 SHARE DRAFTS 1144343763 4001995110 X PART IV, LINE 2B: CUSTODIAL FUNDS IN ESCROW REPRESENT PAYMENTS FOR PRINCIPAL AND INTEREST, AS WELL AS FOR TAXES AND INSURANCE. THESE AMOUNTS ARE HELD IN ESCROW, WITH A CORRESPONDING LIABILITY RECORDED UNTIL THE DATE THAT SUCH FUNDS ARE RELEASED BY THE CREDIT UNION FOR THEIR INTENDED PURPOSE. THE AUDITED FINANCIAL STATEMENT OFFSETS THE ESCROW AND AGENCY FUNDS BY THE AMOUNT OF THE SEGREGATED SPECIAL BANK ACCOUNTS AND EXCLUDES THOSE ACCOUNTS FROM CORPORATE ASSETS. THIS RETURN INCLUDES THE SEGREGATED CASH ACCOUNTS IN FORM 990, PART X ON LINES 1 AND 2 AND DISCLOSES THE ESCROW ACCOUNT BALANCES ON LINE 21. PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. TDECU HOLDINGS, L.L.C., TDECU INSURANCE AGENCY, L.L.C., LOAN ORIGINATION ACQUISITION NETWORK, L.L.C., AND FUTUREDGE L.L.C. ARE ORGANIZED AS LIMITED LIABILITY COMPANIES IN ACCORDANCE WITH TEXAS LAW. A LIMITED LIABILITY COMPANY IS TAXED UNDER PARTNERSHIP TAX RULES. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THE CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME SINCE INCOME IS TAXED AT THE INDIVIDUAL MEMBER LEVEL. STATE FRANCHISE TAX APPLIES TO TDECU INSURANCE AGENCY, L.L.C., FUTUREDGE L.L.C., AND LOAN ORIGINATION ACQUISITION NETWORK, L.L.C., WHICH IS INCLUDED IN OTHER EXPENSES ON THE CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME. IN LIEU OF FEDERAL INCOME TAXES, THE MEMBERS OF A LIMITED LIABILITY COMPANY ARE TAXED ON THEIR PROPORTIONATE SHARE OF THE COMPANY'S TAXABLE INCOME. ACCORDINGLY, NO FEDERAL TAX PROVISION OR LIABILITY HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 1 TDECU CARES FOUNDATION 14141 SW FWY STE 300 SUGAR LAND TX 77478 920808347 501(C)(3) 665000 0 FOUNDATION CONTRIBUTION TO HELP PEOPLE NAVIGATE THEIR FINANCIAL JOURNEYS, ANDCOMMIT TO EXTENDING THE MISSION TO ENHANCE THE WELL-BEING OF OUR BROADER COMMUNITY. 1 0 PART I, LINE 2: AT THE END OF EACH CALENDAR YEAR, GRANT AWARDEES MUST COMPLETE A STEWARDSHIP REPORT FOR THE TDECU CARES FOUNDATION. IN THIS REPORT THEY LET THE FOUNDATION KNOW IF THEY USED THE FUNDS THE WAY THEY SAID THEY WOULD, IF THEY IMPACTED THE NUMBER OF PEOPLE THEY SAID THEY WOULD, AND IF THEY DIDN'T WHY NOT. AT THIS TIME, THEY CAN ALSO REPORT PROGRAM OUTCOMES AND SUBMIT PICTURES. THIS REPORT IS DUE IN EARLY JANUARY. X X X 1 1 X X X X X 1 1 0 ISAAC JOHNSON PRESIDENT AND CHIEF EXECUTIVE OFFICE 816454 0 325722 0 9687 0 546300 0 38317 0 1736480 0 0 0 JOSE DELGADO CHIEF BANKING OFFICER 232632 0 99528 0 452852 0 19934 0 16203 0 821149 0 0 0 JASON SCHNEIDER CHIEF FINANCE OFFICER 416553 0 114765 0 0 0 228973 0 38645 0 798936 0 0 0 MICHAEL MASSEY HOLDINGS PRESIDENT AND SVP TDECU 367184 0 129200 0 275 0 200050 0 46504 0 743213 0 0 0 QIARA SUGGS CHIEF HUMAN CAPITAL OFFICER 345236 0 110400 0 292 0 195316 0 43668 0 694912 0 0 0 ASHISH CHOPRA CHIEF INFORMATION AND TECHNOLOGY OFF 411930 0 124800 0 106 0 97412 0 15329 0 649577 0 0 0 SHEILUDIS MOYETT CHIEF MARKETING AND DIGITAL OFFICER 312809 0 93600 0 160 0 179715 0 39814 0 626098 0 0 0 ANTHONY WARDEN SVP - MEMBER EXPERIENCE 299663 0 87738 0 100 0 170479 0 28227 0 586207 0 0 0 APARNA DAVE CHIEF LEGAL OFFICER 384751 0 38795 0 91 0 99842 0 33377 0 556856 0 0 0 DAVID SIKORA BOD MEMBER 481000 0 0 0 0 0 0 0 0 0 481000 0 0 0 BRANDY PHILLIPS SVP - OPERATIONS 268320 0 65000 0 5 0 118802 0 28374 0 480501 0 0 0 JOSHUA BRIAN CHIEF GROWTH OFFICER 287964 0 62564 0 450 0 99825 0 24481 0 475284 0 0 0 PAUL WATSON SVP - COMMERCIAL LENDING 273699 0 68750 0 0 0 67622 0 40025 0 450096 0 0 0 JANET PRUITT CHIEF AUDIT OFFICER 279038 0 82350 0 25 0 49937 0 16692 0 428042 0 0 0 SETH PAYNE VP - ASSOCIATE GENERAL COUNSEL - LIT 250767 0 49612 0 43596 0 53104 0 2993 0 400072 0 0 0 PART I, LINE 1A THE ORGANIZATION GROSSED UP PAYMENTS THAT ARE OUT OF THE ORDINARY (E.G. SERVICE AWARDS, RELOCATION, ETC.) SO THAT THE PAYMENT WILL BE TAX-NEUTRAL TO THE RECIPIENT. THE ORGANIZATION HAS A POLICY FOR EXPENSE REIMBURSEMENTS AND REQUIRES RECEIPTS AND PROOF OF EXPENSES PRIOR TO REIMBURSING. PART I, LINES 4A-B JOSE DELGADO: $452,852 THE CEO, ISAAC JOHNSON, PARTICIPATES IN A LOAN REGIME SPLIT DOLLAR ARRANGEMENT WHEREBY HE AND THE CREDIT UNION JOINTLY OWN A LIFE INSURANCE POLICY WITH THE EXECUTIVE AS THE FIRST NAMED OWNER. ALTHOUGH THE IRS REQUIRES REPORTING IN SCHEDULE L, PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. ISAAC JOHNSON CEO SPLIT DOLLAR X 1950000 4594282 0 1 1 4594282 SCH L, PART II THE CEO, ISAAC JOHNSON, PARTICIPATES IN A LOAN REGIME SPLIT DOLLAR ARRANGEMENT WHEREBY HE AND THE CREDIT UNION JOINTLY OWN A LIFE INSURANCE POLICY WITH THE EXECUTIVE AS THE FIRST NAMED OWNER. ALTHOUGH THE IRS REQUIRES REPORTING IN SCHEDULE L, PART II AS A LOAN TO AN INTERESTED PARTY, THIS IS NOT AN ACTUAL LOAN. THERE IS NO TRANSFER OF FUNDS TO THE PARTICIPANTS NOR AN OBLIGATION TO REPAY THE FUNDS. INSTEAD THE CREDIT UNION RECOVERS ANY OUTLAYS, PLUS INTEREST, FROM THE UNDERLYING POLICY. THAT IS, THE CREDIT UNION DEPOSITS FUNDS DIRECTLY INTO A LIFE INSURANCE POLICY TO ENSURE REPAYMENT. AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE POLICY TO SUPPLEMENT RETIREMENT INCOME. THE BORROWINGS ARE MONITORED TO ENSURE THE POLICY WILL PAY A DEATH BENEFIT AT LEAST SUFFICIENT TO COVER THE CREDIT UNION'S OUTLAYS PLUS INTEREST. ANY REMAINING DEATH BENEFITS ARE DIVIDED BETWEEN THE CREDIT UNION AND THE PARTICIPANT'S BENEFICIARIES AS AGREED UPON. FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ELECTION OF THE GOVERNING BODY. MEMBERS DO NOT HAVE THE RIGHT TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. ALL MEMBERS RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS BY THE USE OF ELECTRONIC DEVICE, ABSENTEE BALLOT OR MAIL BALLOT. 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 TAX RETURN WILL BE REVIEWED BY THE SVP/CFO AND CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND MANAGERS MUST REPORT ANNUAL ACKNOWLEDGEMENT OF ANY POTENTIAL CONFLICT OF INTEREST AS INDICATED BY TDECU'S BUSINESS ETHICS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS FOR THE CEO INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO A COMPENSATION COMMITTEE THAT THEN REVIEWS AND RECOMMENDS PAY ADJUSTMENTS BASED ON MARKET AND CEO PERFORMANCE. THE COMPENSATION COMMMITTEE IS COMPRISED OF BOARD MEMBERS. THE COMPENSATION PROCESS FOR TOP MANAGEMENT INCLUDES A COMPENSATION REVIEW THAT IS CONDUCTED BY AN OUTSIDE CONSULTANT USING EXTERNAL MARKET DATA. THE RESULTS ARE SUBMITTED TO CEO AND SVPS FOR REVIEW AND RECOMMENDATIONS ON PAY ADJUSTMENTS BASED ON MARKET POSITION AND PERFORMANCE. AT RISK PAY IS REVIEWED AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE PUBLICLY DISPLAYED IN EACH BRANCH OFFICE. ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON REQUEST BY ANY MEMBER. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 376,822. PROFESSIONAL & OUTSIDE SERVICES 12,052,595. FORM 990, PART IX, LINE 24E DUES AND UBSCRIPTIONS 386,047. FORM 990, PART XII, LINE 2C THE PROCESS BY WHICH THE AUDIT COMMITTEE OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR. BRAZORIA COUNTY BUSINESS CENTER DRIVE LLC 2500 FANNIN ST HOUSTON TX 77056 843393843 CORPORATE ACTIVITY TX 0 0 TEXAS DOW EMPLOYEES CREDIT UNION LOAN ORIGINATION ACQUISITION NETWORK LLC 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 462758520 CONSULTING TX 0 0 TEXAS DOW EMPLOYEES CREDIT UNION TDECU HOLDINGS LLC 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 453582513 HOLDING COMPANY TX 0 9797305 TEXAS DOW EMPLOYEES CREDIT UNION TDECU INSURANCE AGENCY LLC 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 260901021 INSURANCE AGENCY TX 5922875 5957170 TDECU HOLDINGS LLC TDECU WEALTH ADVISORS LLC 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 453581914 MANAGEMENT TX 0 0 TEXAS DOW EMPLOYEES CREDIT UNION TDECU CARES FOUNDATION INC 14141 SOUTHWEST FWY SUGAR LAND TX 77478 920808347 CHARITABLE FOUNDATION TX 501(C)(3) PF TEXAS DOW EMPLOYEES CREDIT UNION 1 FUTUREDGE LLC 2000 POST OAK BLVD STE 2100 HOUSTON TX 77056 933212126 ROBOTIC PROCESS AUTOMATION TX TDECU HOLDINGS LLC UNRELATED 6785 76258 0 0 0.55000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 TDECU CARES FOUNDATION B 665000 ACCRUAL TDECU CARES FOUNDATION O 241957 ESTIMATE