2019-11-13T18:48:50-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2018-01-01 750971964 UNION SQUARE CREDIT UNION UNIO 9407208000 1401 HOLLIDAY WICHITA FALLS TX 76301 JOHN BARAD PRESIDENT & CEO 9407208000 2019-11-12 1 MARY C GREEN P00447183 6022662248 67.137.57.251 2019-11-12 10:30:07 US P FD94BE241EB30D59D427851B854338419E5FBD2E 8ECECD2934116A1446D5A984C58DA1E2D1128512 2018 2020-03-31 21:24:44Z JOHN BARAD 1401 HOLLIDAY WICHITA FALLS TX 76301 18688991 0 X WWW.UNIONSQUARE.ORG X 1957 TX TO SERVE THE FINANCIAL NEEDS OF ITS MEMBERS. 5 5 140 9 320708 0 0 0 14004512 14775684 1206681 3605748 568832 54323 15780025 18435755 0 0 984781 1182846 6113793 6710358 0 0 0 8073863 10060140 15172437 17953344 607588 482411 350543958 352132020 308760742 309493020 41783216 42639000 TO SERVE FINANCIAL NEEDS AND DREAMS. 0 0 TO SERVE THE FINANCIAL NEEDS AND DREAMS OF THE MEMBERS. UNION SQUARE CREDIT UNION CORE VALUES INCLUDE MEMBER SERVICE AND SENSITIVITY, ETHICAL AND LEGAL BEHAVIOR, DIVERSITY AND EQUAL OPPORTUNITY, SOUND, STRONG BUSINESS JUDGMENT, AND FRIENDLY AND KNOWLEDGEABLE STAFF. WITH THIS, UNION SQUARE CREDIT UNION'S VISION IS TO BE THE FINANCIAL CENTER OF CHOICE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6706 0 140 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X JOHN BARAD 9407208100 1401 HOLLIDAY WICHITA FALLS TX 76301 GARY DOBBS BOARD CHAIRMAN (RESIGNED 10/18) 1.00 X X 0 0 0 DAVID NIX BOARD CHAIRMAN 1.00 X X 0 0 0 GARY STEVENSON VICE CHAIR 1.00 X X 0 0 0 ERIC WEST SECRETARY/TREASURER 1.00 X X 0 0 0 TRAVIS HUFFHINES DIRECTOR 1.00 X 0 0 0 JULIE PRUETT DIRECTOR 1.00 X 0 0 0 JOHN BARAD PRESIDENT/CEO 40.00 X 312006 0 35303 PATRICK MURRAY EXECUTIVE VP 40.00 X 155378 0 15460 MONICA DAVIS SR VP RISK MANAGEMENT 40.00 X 88405 0 19294 CONNIE FELTY VP HR 40.00 X 44613 0 9816 DUSTIN BARGER VP FINANCIAL SERVICES 40.00 X 91462 0 19611 JEFFERY GLADU SENIOR VP IT 40.00 X 88399 0 18769 SCOTT FLINN VP MORTGAGE LOAN SERVICES 40.00 X 150844 0 25168 TEEA REED VP MARKETING 40.00 X 93698 0 18649 KAREN SCHREIBER VP ACCOUNTING 40.00 X 71295 0 18958 MEGAN MAGANA VP, HR 40.00 X 31252 0 5609 KEVIN RHINE AVP MORTGAGE LOAN OFFICER 40.00 X 306086 0 22082 1433438 0 208719 4 0 1 0 FISERV INC PO BOX 99924 GRAPEVINE TX 76099 CORE PROCESSOR 1771090 TOUCHPOINT 21 2305 EXECUTIVE DRIVE GARLAND TX 75041 ATM LEASE 943706 MITEL CLOUD SERVICE PO BOX 53230 PHOENIX AZ 85072 PHONE SERVICE 156259 CANNEDY CONTEMPORARY SERVICES PO BOX 4727 WICHITA FALLS TX 76308 GUARD SERVICES/ATM REPLENISHMENT 146844 CREATIVE FILTER 524 E MAIN STREET JENKS OK 74037 WEBSITE/TV ADS 118273 7 INTEREST FROM LOANS TO MEMBERS 522100 11008400 11008400 FEES AND CHARGES 522100 1620657 1620657 INTERCHANGE INCOME 522100 1362378 1362378 OTHER NONINTEREST INCOME 522100 463541 463541 NON-MEMBER ATM FEES 522100 320708 320708 14775684 2842024 2842024 271836 217513 54323 54323 54323 799447 35723 763724 763724 763724 18435755 14509299 320708 3605748 1182846 1313989 4171887 330064 517895 376523 37418 38503 1155589 423802 3891504 555792 357641 1542705 283736 PROVISION FOR LOAN LOSS 1053840 LOAN SERVICING 459512 ASSOCIATION DUES 100285 159813 17953344 14124971 10536939 10295000 747000 19275 932535 6660058 258237639 256539254 108176 115787 23480954 11686941 12434656 11794013 45797378 50398117 1441100 6075700 8085763 8332617 350543958 352132020 1123646 692400 3500000 5000000 304137096 303800620 308760742 309493020 X 0 0 0 0 41783216 42639000 41783216 42639000 350543958 352132020 X 482411 -534475 907848 X 0 1 X 1 0 1931172 1931172 14372858 6660798 7712060 33605 7281 26324 7143319 5018862 2124457 11794013 DEFERRED COMPENSATION LIABILITY 244145 MEMBER'S SHARE AND SAVINGS ACCOUNT 303556475 303800620 X 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. X X 1 1 X X X 0 1 0 JOHN BARAD PRESIDENT/CEO 276500 0 28000 0 7506 0 24500 0 10803 0 347309 0 0 0 PATRICK MURRAY EXECUTIVE VP 154484 0 0 0 894 0 15460 0 0 0 170838 0 0 0 SCOTT FLINN VP MORTGAGE LOAN SERVICES 150844 0 0 0 0 0 15623 0 9545 0 176012 0 0 0 KEVIN RHINE AVP MORTGAGE LOAN OFFICER 0 0 305558 0 528 0 18500 0 3582 0 328168 0 0 0 PART I, LINE 4B THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR FORMER EXECUTIVE OFFICERS. JOHN BARAD AND PATRICK MURRAY PARTICIPATE IN A LOAN REGIME SPLIT DOLLAR LIFE INSURANCE AGREEMENT. THE CREDIT UNION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS. JOHN BARAD PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE X 4000000 3960058 0 1 1 PATRICK MURRAY EXECUTIVE VP SPLIT DOLLAR LIFE INSURANCE X 2700000 2700000 0 1 1 6660058 FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THIS CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF THOSE WHO LIVE OR WORK IN ARCHER, BAYLOR, CLAY, WICHITA AND WILBARGER COUNTIES, TEXAS AND COTTON AND TILLMAN COUNTIES, OKLAHOMA. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND MODIFICATIONS TO THE FIELD OF MEMBERSHIP MUST HAVE PRIOR APPROVAL FROM MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL BE GIVEN THE FORM 990 AND THE APPROPRIATE SCHEDULES TO REVIEW PRIOR TO SUBMITTING TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS OR TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY OUTSIDE INTEREST TO HR AND MANAGEMENT ANNUALLY. THIS POLICY COVERS OFFICERS, DIRECTORS, COMMITTEE PERSONS AND EMPLOYEES. DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND ANY RESTRICTIONS IMPOSED ON PERSONS WITH A CONFLICT, SUCH AS RECUSAL FROM THE DELIBERATIONS OR DECISIONS, ARE MADE IN THE ETHICS AND CONDUCT POLICY. THESE PROCEDURES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE CEO. SALARY SURVEYS FROM CUES, CUNA AND CORNERSTONE CREDIT UNION LEAGUE ARE USED TO DETERMINE COMPENSATION. THE VICE CHAIRMAN OF THE BOARD DOCUMENTS THE PROCESS AND DETERMINATION RELATED TO THE CEO'S COMPENSATION. THE CEO IS RESPONSIBLE FOR THE DETERMINATION OF THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. ANNUAL EVALUATIONS AS WELL AS SURVEYS AND SCALES ARE USED IN THIS DETERMINATION. THIS PROCESS AND DETERMINATION IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND ETHICS AND CONDUCT POLICY ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED MONTHLY IN EACH LOCATION OF THE CREDIT UNION. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED GAIN ON DEF COMP BENEFITS 483,336. CHANGE IN VALUE ON SURRENDERED LIFE INSURANCE POLICIES 424,512. UNION SQUARE INSURANCE AGENCY INC 1401 HOLLIDAY WICHITA FALLS TX 76301 471961369 INSURANCE TX UNION SQUARE CREDIT UNION C 23357 16784 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0