2018-11-15T14:23:35-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP PO BOX 217 AUSTIN MN 55912 990 2017-01-01 741288659 UNITED HERITAGE CREDIT UNION UNIT 5124354276 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 WIFORD SCHROEDER PRESIDENT/CEO 5124354276 2018-11-15 1 MARTY LIENAU P00001025 5074347000 2018-11-15 67.137.57.251 2018-11-15 12:51:53 CS P 13239EC41019BF828364F62312B59C2EE4B1EDC0 2FB13AE82846AA91096501B2C4C574A7F21EA58D 2017 2019-02-21 02:37:17Z WILFORD SCHROEDER 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 40777593 0 X WWW.UHCU.ORG X 1957 TX UHCU IS A NON-PROFIT COOPERATIVE PROVIDING FINANCIAL SERVICES TO ITS MEMBERS. 7 7 276 0 937022 672278 0 0 36437088 39583666 1184714 1177261 -153854 0 37467948 40760927 0 0 0 4006768 13689361 13894498 0 0 0 18753651 15088674 32443012 32989940 5024936 7770987 896467517 956153954 824701825 878160166 71765692 77993788 UHCU PROVIDES A VARIETY OF FINANCIAL SERVICES TO ITS MEMBERS, AND PROVIDES INSURANCE AND INVESTMENT BROKERAGE SERVICES TO MEMBERS THROUGH THIRD PARTY RELATIONSHIPS. 0 0 LOANS: CREDIT UNIONS PROVIDE CONSUMER LOANS OF ALL TYPES, INCLUDING VEHICLE LOANS, UNSECURED LOANS, AND CREDIT CARDS. SOME CREDIT UNIONS OFFER RESIDENTAIL MORTGAGES AND SMALL BUSINESS LOANS. CREDIT UNIONS MAY ALSO OFFER RELATED SERVICES SUCH AS CREDIT, LIFE, OR DISABILITY INSURANCE. SHARE SAVINGS ACCOUNTS: ALL CREDIT UNIONS OFFER SHARE SAVINGS ACCOUNTS WHICH PAY DIVIDENDS MONTHLY. MANY CREDIT UNIONS OFFER SPECIAL SAVINGS ACCOUNTS FOR MINORS, OR ACCOUNTS FOR HOLIDAY SAVINGS. CHECKING ACCOUNTS: CREDIT UNIONS OFFER CHECKING ACCOUNTS WITH VARYING FEATURES, FROM FREE ACCOUNTS TO MONEY MARKET ACCOUNTS. MANY CHECKING ACCOUNTS HAVE ATM ACCESS, DEBIT CARD ACCESS, AS WELL AS ON-LINE BENEFITS, SUCH AS BILL PAYING. 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 0 0 0 0 0 0 0 0 0 1 1 0 0 1 13750 0 1 276 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X BUDDY SCHROEDER 5124354276 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 MAY LOFGREEN BOARD MEMBER/CHAIRPERSON 10.00 X X 2400 0 0 HAROLD KEYES BOARD MEMBER/VICE CHAIRPERSON 3.00 X X 2548 0 0 JAMES NORTH BOARD MEMBER/SECRETARY/TREASURER 4.00 X X 3010 0 0 JOHN KELLER-RETIRED APRIL 2017 BOARD MEMBER 3.00 X 0 0 0 GRADY ELLIOTT BOARD MEMBER 3.00 X 1200 0 0 HUBERT WILBURN BOARD MEMBER 3.00 X 2695 0 0 TOMMY LUEDERS BOARD MEMBER 3.00 X 2400 0 0 ROBERT SPURCK BOARD MEMBER 3.00 X 3035 0 0 RUSS MILLER BOARD MEMBER 3.00 X 3035 0 0 VAL VELASQUEZ BOARD MEMBER 3.00 X 2400 0 0 WILFORD SCHROEDER PRESIDENT/CEO 40.00 X 981379 0 32102 MICHAEL VER SCHUUR EXECUTIVE VP/CSO 40.00 X 484496 0 53979 SEBRINA CRAWFORD SR VP OPERATIONS/COO 40.00 X 240933 0 16672 KAREN WILKERSON SR VP RICK MGT/CRO,ISO 40.00 X 217019 0 33814 KRISTIE SIMO VP CONSUMER LENDING/CCLO 40.00 X 182277 0 15814 SARA VARA VP HR/CHRO 40.00 X 158160 0 29685 REBECCA ELLIOTT VP FINANCE/CFO 40.00 X 153713 0 31209 DOYLE NITSCHE HOME EQUITY LOAN SALES SPEC 40.00 X 197904 0 16315 JOSHUA ROBLES VP BUSINESS LENDING 40.00 X 141200 0 32272 ROBERT HWANG AVP ALM & CAPITAL MARKETS 40.00 X 139109 0 40388 STUART GEHRKE AVP IT 40.00 X 133100 0 45009 JENNIFER DRIVER HOME EQUITY LOAN SALES SPEC 40.00 X 119031 0 8207 3171044 0 355466 19 0 1 0 0 LOAN INTEREST 900099 28593788 28593788 FEE INCOME 522100 7507780 7507780 OTHER OPERATING INCOME 900099 3482098 2545076 937022 39583666 1174167 1174167 19760 16666 3094 3094 3094 40760927 38646644 937022 1177261 4006768 2653975 8950143 191977 1230259 868144 49186 80100 43083 1802214 1552985 643054 3423039 214391 2705 1720128 138144 AUTOMATIC TELLER PROCES 2221103 PROVISION FOR LOAN LOSS 1628571 DATA PROCESSING 846119 LOAN SERVICING 377348 346504 32989940 40436002 46058820 22563320 10763000 742856956 807135799 1526571 4945402 52246976 21589737 30854542 30657239 965100 9234786 37725075 3286989 44743251 18868619 896467517 956153954 11579489 12311425 11500000 813122336 854348741 824701825 878160166 X 11471964 11471964 0 0 60293728 66521824 71765692 77993788 896467517 956153954 X 7770987 -57617 -1485274 X X 0 1 X 1 0 10945124 10945124 25732725 7984244 17748481 2770691 2282486 488205 12798436 11323007 1475429 30657239 MEMBERS SHARE AND SAVINGS ACCOUNTS 854348741 854348741 X 40760927 0 40760927 0 40760927 32989940 0 32989940 0 32989940 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IS HAS DEEMED TAXABLE. THE TAXING AUTHORITIES HAVE THE ABILITY TO ASSESS TAXES, PENALTIES, AND INTERST FOR ANY YEARS FOR WHICH NO TAX RETURN WAS FILED. IN THE OPINION OF MANAGEMENT, ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITES POTENTIALLY DEEMED TO BE UNRELATED TO THE CREDIT UNION'S EXEMPT PURPOSE IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S FINANICAL POSITION OR RESULTS OF OPERATIONS. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2017 AND 2016. THE CREDIT UNION'S 2013 THROUGH 2016 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X X X X 1 1 0 WILFORD SCHROEDER PRESIDENT/CEO 477911 0 151228 0 352240 0 21991 0 10111 0 1013481 0 0 0 MICHAEL VER SCHUUR EXECUTIVE VP/CSO 320404 0 74950 0 89142 0 28800 0 25179 0 538475 0 0 0 SEBRINA CRAWFORD SR VP OPERATIONS/COO 204197 0 35566 0 1170 0 5850 0 10822 0 257605 0 0 0 KAREN WILKERSON SR VP RICK MGT/CRO,ISO 175952 0 37714 0 3353 0 20481 0 13333 0 250833 0 0 0 KRISTIE SIMO VP CONSUMER LENDING/CCLO 160905 0 20304 0 1068 0 5175 0 10639 0 198091 0 0 0 SARA VARA VP HR/CHRO 133440 0 24212 0 508 0 19501 0 10184 0 187845 0 0 0 REBECCA ELLIOTT VP FINANCE/CFO 152839 0 254 0 620 0 18747 0 12462 0 184922 0 0 0 DOYLE NITSCHE HOME EQUITY LOAN SALES SPEC 28208 0 132995 0 36701 0 0 0 16315 0 214219 0 0 0 JOSHUA ROBLES VP BUSINESS LENDING 130332 0 10325 0 543 0 8975 0 23297 0 173472 0 0 0 ROBERT HWANG AVP ALM & CAPITAL MARKETS 137963 0 203 0 943 0 20646 0 19742 0 179497 0 0 0 STUART GEHRKE AVP IT 130141 0 304 0 2655 0 10371 0 34638 0 178109 0 0 0 PART I, LINES 4A-B DOYLE NITSCHE - $32,000 SEVERANCE PAYMENT - INCLUDED IN TAXABLE INCOME JENNIFER DRIVER - $12,600 SEVERANCE PAYMENT - INCLUDED IN TAXABLE INCOME WILFORD SHCROEDER - PARTICIPATED IN 457(F) PLAN - $94,194 INCLUDED IN TAXABLE INCOME MICHAEL VER SCHUUR - PARTICIPATED IN 457(F) PLAN - $51,330 INLCUDED IN TAXABLE INCOME FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CHEIF EXECUTIVE OFFICER REVIEWS AND APPROVES THE FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE RELATIONSHIPS THAT COULD CREATE A CONFLICT OF INTEREST. IF THERE IS A CONFLICT OF INTEREST, THE BOARD MEMBER OR OFFICER WOULD BE EXCLUDED FROM VOTING OR DISCUSSING THE ITEM. TO MITIGATE RISKS, THE CREDIT UNION PUTS RESTRICTIONS ON BOARD MEMBERS AND OFFICERS ACCOUNTS WHEN A CONFLICT OF INTEREST IS DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15A CEO MEETS WITH BOARD OF DIRECTORS (BOD) TO DISCUSS MARKET, PERFORMANCE AND GOALS. EXECUTIVE BOD COMMITTEE DOCUMENTS AND APPROVES. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2017. ANNUAL EVALUATIONS ARE SUBMITTED BY EXECUTIVE MANAGMENT OVER THAT OFFICER OR KEY EMPLOYEE AND REVIEWED BY CEO FOR FINAL APPROVAL. INITIAL OFFERS ARE DETERMINED WITH MARKET DATA. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET LOSS DEFINED BENEFIT PLAN -1,879,187. AMORTIZATION OF LOSS ON DEFINED BENEFIT PLAN 393,913. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. UHCU FINANCIAL SERVICES LLC 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 722707828 FINANCIAL SERVICES TX 1122138 1220294 UNITED HERITAGE CREDIT UNION UHCU REMARKETING LLC 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 208854504 DORMANT TX 0 0 UNITED HERITAGE CREDIT UNION TEXAS COMMERCIAL FUNDING GROUP LLC 12208 NORTH MOPAC EXPRESSWAY AUSTIN TX 78758 205189168 DORMANT TX 0 0 UNITED HERITAGE CREDIT UNION UHCU INSURANCE SERVICES 2009 S CAPITAL OF TEXAS STE 110 AUSTIN TX 78746 475113893 INSURANCE SERVICES TX UNITED HERITAGE CREDIT UNION UNRELATED 26235 248111 0 26235 1 0.51000 TEXAS MORGAGE LENDING LLC 2009 S CAPITAL OF TEXAS STE 110 AUSTIN TX 78746 820953703 CREDIT INTERMEDIARY TX UNITED HERITAGE CREDIT UNION RELATED -46473 400000 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0