2016-08-24T05:47:27-04:00 2015-12-31 990 2015-01-01 741109882 Texell Credit Union % TONY HALE TEXE 2547731604 P O BOX 983 TEMPLE TX 76503 GEORGE FERRETTI CFO 2547745110 2016-08-24 2015 2016-12-15 16:53:06Z TONY HALE P O BOX 983 TEMPLE TX 76503 19430371 false false 2742 X WWW.TEXELL.ORG X CREDIT UNION 1948 TX COOPERATIVE, MEMBER-OWNED, NOT-FOR-PROFIT PROVIDER OF FINANCIAL SERVICED TO OUR MEMBERS 7 7 181 7 211929 -112686 0 0 18182043 19243139 237616 187232 0 0 18419659 19430371 0 0 0 0 5295078 5941285 0 0 0 9063256 10204608 14358334 16145893 4061325 3284478 240244990 276234370 211735607 244457409 28509383 31776961 COOPERATIVE, MEMBER-OWNED, NOT-FOR-PROFIT PROVIDER OF FINANCIAL SERVICED TO OUR MEMBERS false false 12655343 0 8716951 PROVIDE CHECKING ACCOUNTS WITH VARYING FEATURES AND ASSOCIATED SERVICES TO OUR MEMBERS 2764739 0 10501491 PROVIDE CONSUMER LOANS OF ALL TYPES AND RELATED SERVICES TO OUR MEMBERS 725811 0 0 PROVIDE SHARE SAVINGS ACCOUNTS WHICH PAY MONTHLY DIVIDENDS TO OUR MEMBERS 16145893 false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 4534 0 true 181 true true true false false false false 0 0 false X 7 7 false false false false true true true true true false false true true true false false true true true false X GEORGE FERRETTI 2547731604 P O BOX 983 TEMPLE TX 76503 DAN BOWEN BOD MEMEBER 1.00 1.00 X 600 0 0 WILLIAM CORNELIUS BOD MEMBER 1.00 1.00 X 600 0 0 KENNETH GABY BOD MEMBER 1.00 1.00 X 0 0 0 JOE L PALMER BOD MEMBER 1.00 1.00 X 720 0 0 DANIEL MARESH BOD MEMBER 1.00 1.00 X 600 0 0 VAN MILLER BOD MEMBER 1.00 1.00 X 600 0 0 CHRIS MOORE BOD MEMBER 1.00 1.00 X 0 0 0 TONY HALE CEO 40.00 40.00 X 285685 0 20904 AMY MERRIMAN COO 40.00 40.00 X 141366 0 17769 GEORGE FERRETTI CFO 40.00 40.00 X 111035 0 25936 ANTHONY RODGERS GENERAL COUNSEL 40.00 40.00 X 106633 0 16484 647839 0 81093 4 false true false LAMACCHIA GROUP LLC 157 N MILWAUKEE ST MILWAUKEE WI 53202 BUILDING DESIGN 1002695 ADAPT TELEPHONY SERVICES LLC 600 ENTERPRISE DR STE 204 OAK BROOK IL 60523 TECHNOLOGY PROVIDER 257602 MARCH BUILDERS & DESIGN INC 233 OAK STREET HIGHLAND VILLAGE TX 75077 BUILDING DESIGN 250738 JACK HENRY & ASSOCIATES INC PO BOX 609 MONETT MO 65708 CORE INFORMATION PROVIDER 239168 LANVERA LTD 112 WRANGLER DR SUITE 150 COPPELL TX 75019 MASS MAIL PROVIDER 181715 12 0 0 0 0 0 0 0 0 UNRELATED BUSINESS INCOME 522299 211929 0 211929 0 FEES/CHARGES/OTHER 522100 8529719 8529719 0 0 INCOME ON LOANS 522100 10501491 10501491 0 0 19243139 187232 187232 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19430371 19218442 211929 0 725811 725811 0 0 0 0 0 0 4322525 4322525 0 0 96858 96858 0 0 430428 430428 0 0 365663 365663 0 0 104816 104816 0 0 3644 3644 0 0 72375 72375 0 0 0 0 0 0 0 0 0 0 0 0 478214 478214 0 0 565767 565767 0 0 665970 665970 0 0 266237 266237 0 0 0 0 0 0 918037 918037 0 0 45149 45149 0 0 0 0 0 0 43173 43173 0 0 1433542 1433542 0 0 29168 29168 0 0 485828 485828 0 0 73426 73426 0 0 PROVISION FOR LOAN LOSSES 2283342 2283342 0 0 ATM, DEBIT, CREDIT CARD EXPENSES 1530446 1530446 0 0 MISCELLANEOUS EXPENSE 724077 724077 0 0 LOAN SERVICING EXPENSE 481397 481397 0 0 0 0 0 0 16145893 16145893 0 0 5076708 5289791 11233525 18571983 0 0 1571348 2239833 729075 874075 0 0 196821361 225816012 0 0 274791 342338 15276086 5571315 7652952 9704771 11474563 8874773 1090400 96100 0 0 0 0 4320267 4424694 240244990 276234370 4547433 4978006 0 0 0 0 0 0 0 0 0 0 0 0 0 0 207188174 239479403 211735607 244457409 X 0 0 0 0 28509383 31776961 28509383 31776961 240244990 276234370 3284478 -16900 0 0 0 0 X X false true X false false 3507130 0 3507130 7089239 0 2042613 5046626 188645 0 188645 0 4491072 0 3340057 1151015 0 0 0 0 9704771 0 REGULAR AND CHECKING SHARES 114957162 MONEY MARKET 34550860 OD SHARES 99502 IRA SHARES 2474219 IRA CERTIFICATES 9401629 ORGANIZATION SHARES 2020035 CERTIFICATES 75975996 239479403 X 19430371 0 0 0 0 0 19430371 0 0 0 19430371 16145893 0 0 0 0 0 16145893 0 0 0 16145893 Part III, line 2 THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR Part X, line 2 THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR false false X false false false TONY HALE CEO 220685 0 65000 0 0 0 18000 0 2904 0 306589 0 0 0 AMY MERRIMAN COO 111678 0 29688 0 0 0 10801 0 6968 0 159135 0 0 0 Part I Line 3 HE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD REVIEWS THE PERFORMANCE OF THE CEO AND USES AN EXECUTIVE COMPENSATION SURVEY AS A GUIDE FOR SETTING CEO COMPENSATION RELATIVE TO JOB PERFORMANCE. THE ORGANIZATION USES A THIRD PARTY TO EVALUATE AND SET APPROPRIATE PAY RANGES FOR ALL OTHER POSITIONS BASED ON REGIONAL MARKET DATA. THE BOARD APPROVES THE ENTIRE PAYROLL BUDGET. JOHN A HALE CEO TO FUND SPLIT LIFE POLICY X 145000 874075 false true true 874075 Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS Part VI, Section A, Line 7a | Class of the Person:, Nature of their rights:| THE ORGANIZATION HAS MEMBERS, THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS| Part VI, Section A, Line 7b | Class of the Person:, Decisions that require their approval:, Nature of their rights:| MEMBER, THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF MEMBERS, 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.| Part VI, Section B, Line 11b COPY OF THE 990 IS REVIEWED BY SENIOR MANAGEMENT AND SHARED AT BOARD MEETING Part VI, Section B, Line 15 | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| TONY HALE, THE REVIEW OF THE CEO'S COMPENSATION IS A FUNCTION OF THE BOARD OF DIRECTORS. ANNUALLY, THE BOARD REVIEWS THE PERFORMANCE OF THE CEO AND USES AN EXECUTIVE COMPENSATION SURVEY AS A GUIDE FOR SETTING CEO COMPENSATION RELATIVE TO JOB PERFORMANCE. THE ORGANIZATION USES A THIRD PARTY TO EVALUATE AND SET APPROPRIATE PAY RANGES FOR ALL OTHER POSITIONS BASED ON REGIONAL MARKET DATA. THE BOARD APPROVES THE ENTIRE PAYROLL BUDGET, 2015| Part VI, Section C, Line 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CREDIT UNION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE NCUA WEBSITE, VIA THE QUARTERLY 5300 FILING. Part XII, Line 2c THE BOARD OF DIRECTORS FOR TEXELL WILL BE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND REVIEW. THE SEPARATE AUDIT COMMITTEE FOR TEXELL DISBANDED IN 2014.