2017-11-15T15:08:26-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 741237070 NAVY ARMY COMMUNITY CREDIT UNION NAVY 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 CARRIE B RICE CFO 3619864500 2017-11-13 1 GERALD B KISSELL P00092658 6123324300 108.171.131.188 2017-11-13 14:32:07 CS P 01563F10D6676BDC9B96404AA3206AA292B808E6 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2017-02-10 21:41:12Z GERRY MORROW 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 140156704 0 X WWW.NAVYARMYCCU.COM X 1955 TX TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 9 9 543 11 576070 -226772 0 0 130212083 134212277 1363618 1315749 221793 1448826 131797494 136976852 6000 0 28474692 29069864 25490340 28331529 0 0 0 50555691 52452170 104526723 109853563 27270771 27123289 2361365208 2498149588 2129567694 2241071401 231797514 257078187 TO MEET THE FINANCIAL NEEDS AND GOALS OF OUR MEMBERS. PROVIDE SAVINGS, SHARE DRAFT AND SHARE CERTIFICATE ACCOUNTS AND AUTO, CONSUMER AND COMMERCIAL LOANS. 0 0 NAVY ARMY COMMUNITY CREDIT UNION IS A COOPERATIVE, MEMBER-OWNED, NON-PROFIT PROVIDER OF FINANCIAL SERVICES TO MEMBERS. WE PROVIDE AUTO, HOME AND BUSINESS LOANS TO THE COMMUNITY. AS OF DECEMBER 31, 2016 THE TOTAL NUMBER OF LOANS ISSUED WAS 92,782 AND THE TOTAL OUTSTANDING BALANCE OF LOANS ISSUED WAS $2,142,764,254. NAVY ARMY COMMUNITY CREDIT UNION PROVIDES DEPOSIT ACCOUNTS TO MEMBERS. AS OF DECEMBER 31, 2016 THE TOTAL NUMBER OF MEMBERS WAS 149,521 WITH THE TOTAL NUMBER OF DEPOSIT ACCOUNTS ISSUED OF 266,111 AND TOTAL OUTSTANDING BALANCE OF DEPOSIT ACCOUNTS IN THE AMOUNT OF $2,229,751,297. NAVY ARMY COMMUNITY CREDIT UNION ALSO PROVIDES ATM ACCESS TO MEMBERS. DURING 2016 THE TOTAL NUMBER OF ATM TRANSACTIONS FOR OUR MEMBERS AT OUR MACHINES TOTALED 747,570. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49245 0 1 543 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 1 1 0 X CARRIE RICE 3619864500 2730 RODD FIELD ROAD CORPUS CHRISTI TX 78414 PEDRO RIVERA JR CHAIR 3.00 X X 20400 0 0 ELOY SALAZAR CHAIR 3.00 X X 24000 0 0 SYLVIA MARTINEZ VICE CHAIR 3.00 X X 16200 0 0 BOB WESTRUP TREASURER 3.00 X X 0 0 0 BRYAN STONE SECRETARY 3.00 X X 20700 0 0 JOHN JACKSON SECRETARY 3.00 X X 18000 0 0 VICK GONZALES DIRECTOR 3.00 X 10800 0 0 DON RYMER DIRECTOR 3.00 X 15600 0 0 JOHN CHAPMAN DIRECTOR 3.00 X 0 0 0 THERESA GONZALES DIRECTOR 3.00 X 0 0 0 THELMA MANDEL DIRECTOR 3.00 X 0 0 0 LINDA ANDERSON DIRECTOR 3.00 X 3700 0 0 GERALD VILLARREAL DIRECTOR 3.00 X 3200 0 0 SARAH O'BRIEN PRESIDENT/CEO 40.00 X 420775 0 84062 CARRIE RICE CHIEF FINANCIAL OFFICER 40.00 X 157851 0 19485 GERRY MORROW CHIEF LENDING OFFICER 40.00 X 321019 0 23024 DANA SISK CHEIF OPERATIONS OFFICER 40.00 X 348974 0 14988 SHANNON SRP CHIEF TECHNOLOGY OFFICER 40.00 X 289239 0 24905 ROBERT OBERG CHIEF RISK OFFICER 40.00 X 172930 0 8713 DANIEL DIBBLE SVP OF MEMBER BUSINESS SERVICES 40.00 X 184140 0 6351 ROMAN ESCOBAR SVP OF MORTGAGE LENDING 40.00 X 188003 0 11804 GARY LANKFORD SVP INDIRECT LENDING 40.00 X 165460 0 13123 VIRGINIA WHITHAM VP HUMAN RESOURCES 40.00 X 156018 0 13436 MARK ESTES VP CREDIT ADMIN. 40.00 X 142673 0 9632 CLARE FOWLER VP REMOTE OPERATIONS 40.00 X 143067 0 12347 ASHLEY SMITH VP MARKETING 40.00 X 146317 0 13950 CYNTHIA RAMOS SR. VP OF RGV OPERATIONS 40.00 X 140264 0 16979 3109330 0 272799 23 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 PROCESSING 3378196 MOREHEAD DOTTS 2767 SANTE FE STREET CORPUS CHRISTI TX 78404 ADVERTISING 1320829 DGF ELECTONIC 5995 MAYFAIR RD CANTON OH 44720 CASH REPLENISHMENT 965301 BEECROFT PO BOX 2643 CORPUS CHRISTI TX 78403 CONSTRUCTION 948600 SETTLEMENT ONE PO BOX 740310 LOS ANGELES CA 90074 ACCOUNTING 740505 25 INTEREST ON LOANS 522100 98867022 98867022 FEE INCOME 522100 22420277 21844207 576070 INSURANCE & OTHER OPERATING INCOM 522100 12924978 12924978 134212277 1568558 1568558 51000 7864 43136 43136 43136 2919179 3171988 -252809 -252809 -252809 NON-OPERATING INCOME 522100 1405690 1405690 1405690 136976852 135041897 576070 1358885 29069864 2576340 19212128 2000691 3007717 1534653 105936 91991 2294069 2933956 13754708 1282402 2449606 118794 363430 4870789 422942 LOAN LOSS PROVISION 23763547 109853563 245478271 190958171 1876096634 2120764472 8366992 5077984 77738728 37516636 41911268 40222092 101217019 50972633 88295024 90154236 2361365208 2498149588 22957674 11320104 2106610020 2229751297 2129567694 2241071401 X 0 0 0 0 231797514 257078187 231797514 257078187 2361365208 2498149588 X 27123289 -1842616 X 0 1 X 1 0 6985187 6985187 39331736 10619759 28711977 1002723 1002719 4 17564633 14617496 2947137 12854449 11276662 1577787 40222092 SHARE ACCOUNTS (CHECKING/SAVINGS/CDS) 2229751297 2229751297 X X X 0 1 0 SARAH O'BRIEN PRESIDENT/CEO 369941 0 50000 0 834 0 72980 0 18957 0 512712 0 0 0 CARRIE RICE CHIEF FINANCIAL OFFICER 142477 0 15000 0 374 0 6338 0 22287 0 186476 0 0 0 GERRY MORROW CHIEF LENDING OFFICER 252125 0 20000 0 48894 0 10200 0 20098 0 351317 0 0 0 DANA SISK CHEIF OPERATIONS OFFICER 316894 0 31500 0 580 0 7309 0 10351 0 366634 0 0 0 SHANNON SRP CHIEF TECHNOLOGY OFFICER 261431 0 27500 0 308 0 8150 0 28983 0 326372 0 0 0 ROBERT OBERG CHIEF RISK OFFICER 172337 0 0 0 593 0 0 0 12873 0 185803 0 0 0 DANIEL DIBBLE SVP OF MEMBER BUSINESS SERVICES 168906 0 0 0 15234 0 0 0 7565 0 191705 0 0 0 ROMAN ESCOBAR SVP OF MORTGAGE LENDING 162875 0 25000 0 128 0 0 0 18264 0 206267 0 0 0 GARY LANKFORD SVP INDIRECT LENDING 148738 0 15000 0 1722 0 6300 0 7473 0 179233 0 0 0 VIRGINIA WHITHAM VP HUMAN RESOURCES 142849 0 13000 0 169 0 5756 0 9875 0 171649 0 0 0 MARK ESTES VP CREDIT ADMIN. 135991 0 6000 0 682 0 2523 0 8062 0 153258 0 0 0 CLARE FOWLER VP REMOTE OPERATIONS 132837 0 10000 0 230 0 5524 0 8938 0 157529 0 0 0 ASHLEY SMITH VP MARKETING 131068 0 15000 0 249 0 5708 0 10811 0 162836 0 0 0 CYNTHIA RAMOS SR. VP OF RGV OPERATIONS 127738 0 12000 0 526 0 5581 0 18126 0 163971 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: SARAH O'BRIEN - NO DISTRIBUTIONS IN 2016 GERRY MORROW - NO DISTRIBUTIONS IN 2016 DANA SISK - $93,000 DISTRIBUTION IN 2016 SHANNON SRP - $81,000 DISTRIBUTION IN 2016 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. 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 990 FORM IS REVIEWED IN DETAIL BY THE CONTROLLER, CHIEF FINANCIAL OFFICER AND THE CHIEF OPERATIONS OFFICER BEFORE IT IS SIGNED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION EMPLOYEES, DIRECTORS, OFFICERS AND THEIR SPOUSES ARE REQUIRED TO FILE AN ANNUAL DISCLOSURE STATEMENT LISTING ANY FINANCIAL INSTITUTIONS, TRADE ASSOCIATIONS OR RELATED BUSINESS THEY ARE ASSOCIATED WITH AS A DIRECTOR, OFFICER OR EMPLOYEE WITH A MATERIAL OWNERSHIP INTEREST OF $5,000 OR MORE. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE PRESIDENT AND BOARD AND ANY CONFLICTS OF INTEREST ARE RESOLVED AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 15 ALL STAFF COMPENSATION IS MEASURED AGAINST INDUSTRY STANDARDS BY THE HUMAN RESOURCES DEPARTMENT AND APPROVED BY THE PRESIDENT. THE BOARD OF DIRECTORS REVIEW COMPENSATION FOR THE PRESIDENT'S POSITION. FORM 990, PART VI, SECTION C, LINE 19 NAVY ARMY COMMUNITY CREDIT UNION'S WEBSITE HAS A LINK TO THE MARKETING DEPARTMENT WHERE MEMBERS CAN REQUEST DOCUMENTS. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). ALSO, A COPY OF THE FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH SITE AND ARE AVAILABLE TO THE PUBLIC ON NCUA'S WEBSITE. FORM 990, PART XI, LINE 9: OTHER COMPREHENSIVE INCOME-PENSION PLAN -1,842,616.