2018-11-15T19:37:36-06:00 2017-12-31 261694946 SCHWARTZ COLE AND ASSOCIATES LLC 11776 W SAMPLE RD STE 106 CORAL SPRINGS FL 330653180 990 2017-01-01 750992590 TEXANS CREDIT UNION TEXA 9723482000 777 EAST CAMPBELL RD RICHARDSON TX 75081 JOHN KEVIN DURRANCE CEO 9723482000 2018-11-15 true DANIEL J COLE P00055998 9547551760 2018-11-15 167.68.16.49 2018-11-15 19:37:36 CS P 08BD273990EA01E5E38543C8FC488B7685EB5954 A42E0CF4B0CFABFAFDAD50D00CF409967B1ADB50 2017 2019-02-21 02:37:17Z JOHN KEVIN DURRANCE 54562487 false X WWW.TEXANSCU.ORG X 1953 TX TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. 5 5 358 714726 -85083 0 42464823 43555579 11141651 11006908 0 53606474 54562487 0 1519224 1409627 15444053 16653451 0 0 14980831 16942283 31944108 35005361 21662366 19557126 1532014160 1576599979 1471128564 1496376670 60885596 80223309 X TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. false false LOANS: THE CREDIT UNION PROVIDES LOANS OF ALL TYPES IN MANY DIFFERENT CATEGORIES. THE OFFERINGS INCLUDE CONSUMER AUTOMOBILE LOANS, UNSECURED LOANS, RESIDENTIAL MORTGAGE LOANS, HOME EQUITY AND HOME IMPROVEMENT LOANS. AS PART OF THE LOAN PROGRAM THE CREDIT UNION ALSO OFFERS SEVERAL LOAN RELATED INSURANCE PRODUCTS SUCH AS CREDIT LIFE AND DISABILITY, MECHANICAL BREAKDOWN AND GAP INSURANCE. SHARES SAVINGS AND CERTIFICATES OF DEPOSITS: THE CREDIT UNION OFFERS A NUMBER OF SHARE SAVINGS ACCOUNTS, MONEY MARKET SAVINGS AND IRA SAVINGS ACCOUNTS. THESE ACCOUNTS PAY DIVIDENDS MONTHLY. OTHER TYPES OF DEPOSIT SAVINGS OFFERINGS INCLUDES CERTIFICATES OF DEPOSIT, BOTH REGULAR MEMBER CERTIFICATES AND IRA CERTIFICATES. THE CERTIFICATES PAY INTEREST ON A MONTHLY BASIS. CHECKING ACCOUNTS: THE CREDIT UNION OFFERS TWO CHECKING ACCOUNT PRODUCTS. ONE ACCOUNT HAS SIMPLE WAYS TO WAIVE THE MONTHLY SERVICE CHARGE, THE OTHER OFFERS DIVIDENDS TO THOSE MEMBERS WITH HIGHER BALANCES. BOTH PRODUCTS HAVE FEATURES THAT INCLUDE FREE E-SERVICES AND ACCESS TO THOUSANDS OF ATMS. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false true true true false false true 24472 0 true 358 true true true false false false false false X 5 5 false false false false true true true true true false true true false true true true true true true true false X TRACY MONTEZ 9723482391 777 EAST CAMPBELL ROAD RICHARDSON TX 75081 JOHN KEVIN DURRANCE CEO 45.00 X 490380 0 20052 TIFFANY CHISNALL CHIEF OPERAT 45.00 X 186827 0 14538 TANYA MCCORQUODALE GENERAL COUN 45.00 X 208924 0 15076 STEVE ERP CHIEF LENDIN 45.00 X 183357 0 14538 MARTIN CAPLINGER DIRECTOR OF 45.00 X 139000 0 0 WENDELL RITCHIE INFORMATION 45.00 X 113505 0 0 KRISTIN JONES DIRECTOR OF 45.00 X 130000 0 0 CONSOLVER GEORGE CHAIRMAN 5.00 X 0 0 0 MARTINEZ ESTELLA SECRETARY 5.00 X 0 0 0 BOEDECKER THOMAS TREASURER 5.00 X 0 0 0 ARTS JERGEN BOD 5.00 X 0 0 0 SCOTT VICK CFO 45.00 X 183446 0 15342 LEE EDWARD FAWCETT VICE-CHAIRMA 5.00 X 0 0 0 CHARLOTTE MORRISON CIO 45.00 X 177024 0 0 TRACY MONTEZ CONTROLLER 45.00 X 125000 0 0 1937463 79546 15 false true false FISERV PO BOX 99924 GRAPEVINE TX 760999724 DEBIT CARD PROC 2609193 DIGITAL INSIGHT PO BOX 731428 LOSS ANGELES CA 900740641 HOME BANKING 985188 GENERAL DATATECH PO BOX 650002 DALLAS TX 75265 EQUIP MAINT. 662082 US RISK PO BOX 610048 DALLAS TX 752610048 COMPANY INSUR 658250 LANERVA LTD 112 WRANGLER DR SUITE 150 COPPELL TX 75019 STMT PROCESSING 569667 34 INTEREST INCOME LOANS 29531171 29531171 OTHER INCOME 5792471 5792471 SERVICE CHARGES & FEES 5788990 5788990 LOAN FEES 1728221 1728221 NON MEMEBER FEES 522100 563356 563356 151370 151370 43555579 10900626 10900626 31265 75017 31265 75017 106282 106282 54562487 53847761 714726 1409627 1332480 11784684 803650 1735423 997214 203104 119184 145851 420695 3776222 3767202 71584 PROFESSIONAL SERVICES 5617905 LOAN LOSS PROV (RECOVERY) 1391613 LOAN SERVICING EXPENSE 871588 OTHER OPERATING EXP. 444685 112650 35005361 0 0 0 8059160 9142723 75535119 69511066 721552062 863290846 56823463 31894696 25445583 24928767 676445822 583159397 800000 1459610 24176414 25107570 1532014160 1576599979 17914591 17253904 1453213973 1479122766 1471128564 1496376670 X 60885596 80223309 60885596 80223309 1532014160 1576599979 X 19557126 -219413 X false true X true false 6345992 6345992 23805574 7175789 16629785 3636653 3610972 25681 23035244 21107935 1927309 24928767 MEMBER SHARES 1479122766 1479122766 X X X false false false JOHN KEVIN DURRANCE CEO 466380 24000 10800 9252 510432 TIFFANY CHISNALL CHIEF OPERATIONS OFF 176535 10292 6852 7686 201365 TANYA MCCORQUODALE GENERAL COUNSEL 190924 18000 7353 7723 224000 STEVE ERP CHIEF LENDING OFFICE 173079 10278 6852 7686 197895 SCOTT VICK CFO 183446 7600 7742 198788 CHARLOTTE MORRISON CIO 177024 177024 FORM 990 - ORGANIZATION'S MISSION TEXANS CREDIT UNION IS A STATE CHARTERED CREDIT UNION FORMED UNDER THE STATE CREDIT UNION LAW AND THE CREDIT UNION IS MEMBER-OWNED COOPERATIVE THAT PROVIDES TRADITIONAL DEPOSIT AND LOAN PRODUCTS, AS WELL AS OTHER FINANCIAL SERVICES TO THE MEMBERSHIP. THE CREDIT UNIONS FOCUS IS TO IMPROVE THE ECONOMIC WELL-BEING OF OUR MEMBERS/OWNERS. FORM 990 ITEM 1, -EMPLOYEES ARE ELGIBILE FOR DISCOUNTS ON AUTO LOANS. THE DISCOUNT IS .5% BELOW THE APR. FORM 990, PAGE 6, PART VI, LINE 6 YES, THE CREDIT UNION HAS MEMBERS WHICH CAN JOIN THE CREDIT UNION IF THEY MEET THE "FIELD OF MEMBERSHIP" REQUIREMENTS, AND CHOOSE TO JOIN. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 11B THE COMPLETED FORM WILL BE REVIEWED BY THE TCU CEO. FORM 990, PAGE 6, PART VI, LINE 12C THE EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE REVIEW OF THE POLICIES WHEN HIRED INTO THE ORGANIZATION. QUARTERLY COMMUNICATIONS ARE SENT TO EMPLOYEES NOTIFYING THEM OF ANY CHANGES TO THE POLICY. THE CREDIT UNION ALSO PROVIDES AN ANONYMOUS REPOTING HOT-LINE WHICH IS MAINTAINED BY A THIRD PARTY AND RESULTS ARE PROVIDED TO THE INTERNAL AUDIT FUNCTION. FORM 990, PAGE 6, PART VI, LINE 15A THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OF THE CEO. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN. FORM 990, PAGE 6, PART VI, LINE 15B THE DIRECTOR OF HR PROVIDES COMPARATIVE DATA TO THE COMPENSATION COMMITTEE ON AN ANNUAL BASIS. THE COMP COMMITTEE WHICH IS MADE UP OF 3 MEMBERS OF THE BOARD OF DIRECTORS PREVIEWS THIS INFORMATION ANNUALLY AND DELIBERATES TO MAKE DETERMINATIONS REGARDING THE PERFORMANCE REVIEW PROCESS AND ANNUAL COMPENSATION CHANGES OFFICERS AND KEY EMPLOYEES. THEY ALSO, WHEN APPLICABLE, WILL PROVIDE OVERSIGHT AND APPROVAL OF ANY CREDIT UNION OFFICER'S BONUS PLAN. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS THAT ARE REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE PROVIDED USING DIFFERENT METHODS. SOME ARE PROVIDED THROUGH POSTING OF SIGNS IN PUBLIC LOCATIONS SUCH AS THE LOBBIES OF BRANCH OFFICES. OTHER GOVERNING DOCUMENTS/NOTICES THAT REQUIRE ANNUAL MAILINGS ARE PROVIDED TO THE MEMBERSHIP AS REQUIRED BY MAIL. THE WEBSITE IS ALSO USED TO PROVIDE CERTAIN REQUIRED DOCUMENTS. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN OTHER COMPREHENSIVE INCOME 206,288 CHANGE IN VALUE AFS SECURITY -425,701 TOTAL -219,413 CREDIT UNION LIQUIDITY SERVICES 777 E CAMPBELL RD SUITE 650 RICHARDSON TX 75081 201118819 COMM LOANS TX 421 14912043 TEXANS CU TF-GSR LLC 777 E CAMPBELL RD SUITE 650 RICHARDSON TX 75081 264678354 PROP MGMT TX 146284 CULS CREDIT UNION LIQUIDITY SERVICES TF-HARBOR LLC 777 E CAMPBELL RD SUITE 650 RICHARDSON TX 75081 273619320 PROP MGMT TX 21718 30595 CULS CREDIT UNION LIQUIDITY SERVICES TF-TPP LLC 777 E CAMPBELL RD SUITE 650 RICHARDSON TX 75081 270969995 PROP MGMT TX 80 CULS CREDIT UNION LIQUIDITY SERVICES TF-LINCOLN MALL LLC 777 E CAMPBELL RD SUITE 650 RICHARDSON TX 75081 274356028 PROP MGMT IL 4 297154 CULS CREDIT UNION LIQUIDITY SERVICES TEXANS CUSO PARTNERS 777 E CAMPBELL RD SUITE 600 RICHARDSON TX 75081 020792757 INVESTMENT TX TEXANS CU C CORP false false false false false false false false false false false false false false false false false false false false SCHEDULE R CULS LISTED UNDER DIRECT CONTROLLING ENTITY (PART 1, (F)) REFERS TO CREDIT UNION LIQUIDITY SERVICES EIN 20-1118819