2019-11-14T17:53:58-06:00 2018-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2018-01-01 750763606 TEXAS TRUST CREDIT UNION TEXA 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 JAMES MINGE PRESIDENT/CEO 9725951305 2019-11-14 1 DOUGLAS J ORTH P01076394 3052328272 64.95.240.2 2019-11-14 17:53:26 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2020-03-31 21:24:44Z JAMES MINGE 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 62783256 0 X WWW.TEXASTRUSTCU.ORG X 1936 TX PROVIDING MEMBERS A LIFETIME OF FINANCIAL SERVICES AND MAINTAINING A FINANCIALLY STRONG COOPERATIVE. 7 7 319 13 696411 0 0 0 45862715 55538049 3646596 7079066 3779966 166141 53289277 62783256 0 0 0 0 16919707 19923314 0 0 0 28317578 35895781 45237285 55819095 8051992 6964161 1217032843 1241091270 1097276221 1118050316 119756622 123040954 WE ARE COMMITTED TO BEING OUR MEMBERS' PARTNER, PROVIDING A LIFETIME OF FINANCIAL SERVICES ADJUSTED TO THEIR NEEDS WHILE MAINTAINING A FINANCIALLY STRONG FULL-SERVICE COOPERATIVE. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 1 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 1 0 1 0 0 1 16363 0 1 319 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 1 1 1 1 1 1 1 0 X DAVID PICKNEY CFO 9725951305 5850 WEST INTERSTATE 20 ARLINGTON TX 76017 LARRY SKINNER BOARD CHAIRMAN 1.00 X 0 0 0 CHARLIE NUTT BOARD-VICE CHAIR 1.00 X 0 0 0 CHARLIE HOLLABAUGH BOARD-ASST. SECRETARY 1.00 X 0 0 0 DON HIGGINBOTHAM BOARD-MEMBERSHIP AND SECUR 1.00 X 0 0 0 BOB MCLELLAN BOARD MEMBER 1.00 X 0 0 0 SUSAN SMITH BOARD-SECRETARY 1.00 X 0 0 0 CHARLIE BOTTORFF BOARD TREASURER 1.00 X 0 0 0 JAMES MINGE PRESIDENT/CEO 40.00 X 615814 0 62934 DAVID PICKNEY EVP/CFO 40.00 X 366048 0 71421 PAMELA STEPHENS EVP/COO 40.00 X 315579 0 43386 WILLIAM KELSEY EVP/CRO 40.00 X 326625 0 52409 RONNIE SMITH JR SVP RETAIL DELIVERY 40.00 X 237237 0 27184 RONALD DINWIDDIE EVP/CIO 40.00 X 307379 0 12655 JAMES BLAZEK VP INVESTMENT SERVICES 40.00 X 257554 0 43699 BRADY POPP SVP LENDING COLLECTIONS 40.00 X 196159 0 11526 CLAY YEARSLEY SVP, DATA ANALYTICS 40.00 X 177768 0 19430 PEGGY ESPARZA SVP ACCOUNTING 40.00 X 190043 0 22129 DAVID TURNER SVP PORTFOLIO MANAGEMENT 45.00 X 205564 0 17132 JOHN DICHIARO EVPCRO-QUALTRUST 0.00 X 559593 0 0 SCOTT MCMILLAN AVP CENTRAL LENDING-QUALTRUST 0.00 X 458840 0 0 DONNA TOTH AVP ACCOUNTING-QUALTRUST 0.00 X 323867 0 0 JEFFREY JOLLY VP INFO TECH-QUALTRUST 0.00 X 293228 0 0 4831298 0 383905 15 1 1 0 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE AND OTHER CRITICAL SYSTEMS 1510101 AT&T PO BOX 5019 CAROL STREAM IL 60197 COMMUNICATION SYSTEM 835026 MAVERICK SPORTS PROPERTIESLLC POBOX 843038 KANSAS CITY MO 64184 MARKETING AND ADVERTISING 754246 LANVERA 112 WRANGLER DRIVE SUITE 150 COPPELL TX 75019 STATEMENT PROCESSING 562737 DOLPHIN DEBIT ACCESS 18 AUGUSTA PINES DR SPRING TX 77389 ATM PROVIDER AND SERVICER 559071 28 INTEREST ON LOANS 522100 34393098 34393098 FEES AND CHARGES 522100 20448540 20448540 TDS- SOFTWARE SALES 900099 354874 354874 INSURANCE 524298 190202 190202 NON-MEMBER ATM FEES 900099 151335 151335 55538049 7079066 7079066 166141 0 166141 166141 166141 62783256 62086845 696411 0 X 2438671 14798094 -915109 2432839 1168819 51255 174155 973795 2113823 1152910 1702160 1278770 476853 93303 9680289 3352367 PROVISION FOR LOAN LOSS 3278655 MAINTENANCE 3161549 DEBIT CARD SERVICES 2294835 UTILITIES 1792535 4318527 55819095 13518324 12033252 66839395 39817653 378891 712493 5861972 5947044 905731687 919835544 26190243 24388622 64833438 23874063 42208345 40959375 133802719 175325921 3289551 2908492 19211716 19162874 1217032843 1241091270 16564418 14571599 114790000 122204226 965921803 981274491 1097276221 1118050316 X 0 0 0 0 119756622 123040954 119756622 123040954 1217032843 1241091270 X 6964161 -959957 -2719872 X X 0 1 X 1 0 0 0 9197127 9197127 36380173 9563769 26816404 19256138 14310294 4945844 40959375 FEDERAL AGENCY SECURITIES 602629 F COLLATERALIZED MORTGAGE OBLIGATIONS 73948548 F MORTGAGE-BACKED SECURITIES 72803651 F RESTRICTED STOCK 12310133 F CORPORATE BONDS 15660960 F 175325921 SHARES 315895260 SHARE DRAFTS 249731956 MONEY MARKET 83671193 IRA SHARES 21032397 IRA SHARE CERTIFICATE 310943685 981274491 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL OR STATE INCOME TAXES. THE CUSOS ARE ORGANIZED AS LIMITED LIABILITY COMPANIES AND FILE A CONSOLIDATED RETURN WITH THE CREDIT UNION. THEREFORE, THE CUSOS ARE NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION IS A TAX-EXEMPT ENTITY UNDER INTERNAL REVENUE CODE 501(C)(14), BUT MAY BE SUBJECT TO TAXATION ON INCOME UNRELATED TO THE CREDIT UNION'S EXEMPT FUNCTION. STATE CHARTERED CREDIT UNIONS PAY INCOME TAX ON CERTAIN TYPES OF NET TAXABLE INCOME FROM ACTIVITIES THAT TAXING AUTHORITIES CONSIDER UNRELATED TO THE PURPOSE FOR WHICH THE CREDIT UNION WAS GRANTED NONTAXABLE STATUS. THE CREDIT UNION HAS NOT GENERATED TAXABLE INCOME FROM ITS UNRELATED BUSINESS ACTIVITIES DURING 2018 AND 2017. X 1 1 X X X X 0 1 0 JAMES MINGE PRESIDENT/CEO 462073 0 150000 0 3741 0 43000 0 19934 0 678748 0 0 0 DAVID PICKNEY EVP/CFO 268807 0 86322 0 10919 0 43000 0 28421 0 437469 0 0 0 PAMELA STEPHENS EVP/COO 232923 0 73556 0 9100 0 24492 0 18894 0 358965 0 0 0 WILLIAM KELSEY EVP/CRO 239722 0 77803 0 9100 0 24500 0 27909 0 379034 0 0 0 RONNIE SMITH JR SVP RETAIL DELIVERY 176969 0 51818 0 8450 0 18582 0 8602 0 264421 0 0 0 RONALD DINWIDDIE EVP/CIO 224646 0 73402 0 9331 0 11111 0 1544 0 320034 0 0 0 JAMES BLAZEK VP INVESTMENT SERVICES 30708 0 226846 0 0 0 24500 0 19199 0 301253 0 0 0 BRADY POPP SVP LENDING COLLECTIONS 151997 0 44162 0 0 0 3600 0 7926 0 207685 0 0 0 CLAY YEARSLEY SVP, DATA ANALYTICS 134391 0 43377 0 0 0 0 0 19430 0 197198 0 0 0 PEGGY ESPARZA SVP ACCOUNTING 146157 0 43886 0 0 0 13209 0 8920 0 212172 0 0 0 DAVID TURNER SVP PORTFOLIO MANAGEMENT 150822 0 54742 0 0 0 9084 0 8048 0 222696 0 0 0 JOHN DICHIARO EVPCRO-QUALTRUST 0 0 0 0 559593 0 0 0 0 0 559593 0 0 0 SCOTT MCMILLAN AVP CENTRAL LENDING-QUALTRUST 0 0 0 0 458840 0 0 0 0 0 458840 0 0 0 DONNA TOTH AVP ACCOUNTING-QUALTRUST 0 0 0 0 323867 0 0 0 0 0 323867 0 0 0 JEFFREY JOLLY VP INFO TECH-QUALTRUST 0 0 0 0 293228 0 0 0 0 0 293228 0 0 0 PART I, LINE 4B ADDITIONALLY, THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS TO THE JAME MINGE, WILLIAM KELSEY, AND PAMELA STEPHENS, THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." AT SPECIFIED TIMES, THE PARTICIPANTS MAY BORROW FUNDS FROM THE CASH SURRENDER VALUE OF THE UNDERLYING LIFE INSURANCE POLICY TO SUPPLEMENT RETIREMENT INCOME. THESE DRAWS ARE TAX FREE FOR THE PARTICIPANTS. UPON THE PARTICIPANT'S DEATH THE CREDIT UNION RECOVERS ITS PREMIUMS PLUS INTEREST, PLUS KEY-PERSON INSURANCE PROCEEDS. JAMES MINGE EMPLOYEE TO FUND LIFE INSURANCE X 3000000 3071103 0 1 1 WILLIAM K KELSEY EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1027713 0 1 1 PAMELA STEPHENS EMPLOYEE TO FUND LIFE INSURANCE X 1000000 1042450 0 1 1 VINCENT HEIMANN FORMER EMPLOYEE TO FUND LIFE INSURANCE X 445778 445778 0 1 1 KATHRYN MCELROY FORMER EMPLOYEE TO FUND LIFE INSURANCE X 360000 360000 0 1 1 5947044 SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ARRANGEMENT REFERRED TO AS A "COLLATERAL ASSIGNED SPLIT DOLLAR." ALTHOUGH THE IRS REQUIRES REPORTING IN 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 THE ORGANIZATION IS A COOPERATIVE OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY IS VOTED ON BY THE ORGANIZATION'S MEMBERS AND ELECTED OR REAFFIRMED AT THE ANNUAL MEETING. 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 PRIOR TO FILING, THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE SENIOR VP OF RISK MANAGEMENT, VP OF ACCOUNTING AND MEMBERS OF EXECUTIVE MANAGEMENT, INCLUDING THE CEO. FORM 990, PART VI, SECTION B, LINE 12C DURING NEW EMPLOYEE ORIENTATION, EACH EMPLOYEE IS SHOWN WHERE TO ACCESS POLICIES. THE PROFESSIONAL CONDUCT POLICY, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY, IS READ IN FULL BY THE EMPLOYEE, ALONG WITH SEVERAL OTHER POLICIES WHICH ARE REVIEWED AND DISCUSSED WITH THE EMPLOYEE(S). EACH EMPLOYEE SIGNS A STATEMENT INDICATING THEY HAVE READ THE POLICY MANUAL, WHICH INCLUDES THE CONFLICTS OF INTEREST POLICY. THIS SIGNED STATEMENT IS MAINTAINED IN THE EMPLOYEE'S PERSONAL FILE IN HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT ANNUALLY OBTAINS MARKET ANALYSIS FOR PAY GRADES. THE PERSONNEL COMMITTEE REVIEWS AND ESTABLISHES MERIT GRIDS. THE CEO AND ONE OTHER SENIOR MANAGEMENT EXECUTIVE REVIEW AND SIGN OFF ON ALL PERFORMANCE EVALUATIONS AND CORRESPONDING COMPENSATION ADJUSTMENTS. THE BOARD ANNUALLY EVALUATES THE CEO'S PERFORMANCE, AND THE CHAIRMAN OF THE BOARD COMMUNICATES THE RESULTS AND COMPENSATION ADJUSTMENT. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS ARE INFORMED VIA ATHE ORGANIZATION'S WEBSITE THAT THE DOCUMENTS ARE MAINTAINED AND AVAILABLE TO THE PUBLIC IN THE EXECUTIVE MANAGEMENT OFFICES. FORM 990, PART IX, LINE 24E LOAN SERVICING 1,454,076. MISCELLANEOUS 1,283,344. DEBIT CARD FRAUD 475,205. MEMBER BONUS EXPENSE 474,632. BANK SERVICE CHARGES 391,078. ASSOCIATION DUES/SUPERVISORY FEES 240,192. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENT FOR GAINS INCLUDED IN NET INCOME NET ACTUARIAL LOSS ON THE DEFINED BENEFIT PLAN -2,719,872. DB PLAN AMORT OF PRIOR SERVICE CREDITS, TRANSITION OBLIGATION & NET LOSSES CAPITAL ACQUIRED IN MERGER FORM 990, PART XII, LINE 2C WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HERITAGE F&I SERVICES LLC PO BOX 2260 MANSFIELD TX 750530630 200311717 INSURANCE AND DATA PROGRAMMING SALES TX 1459516 3895340 TEXAS TRUST CREDIT UNION